Deepak Fertilizers & Petrochemicals Corp Ltd

Deepak Fertilizers & Petrochemicals Corp Ltd

₹ 687 1.32%
25 Jun 11:53 a.m.
About

Incorporated in 1979, Deepak Fertilisers and Petrochemicals Corporation Ltd is in the business of fertlisers, agri services, bulk chemicals, mining chemicals and real estate[1]

Key Points

Business Overview:[1][2]
Company is a manufacturer of fertilizers and industrial chemicals with products in industrial chemicals, bulk and specialty fertilizers, farming diagnostics and solutions, technical ammonium nitrate and value added real estate, which includes India’s 1st & largest concept retail destination for Home Interiors & Design. Company is also investing in cloud computing, process automation, mobile apps, unified communication, and collaboration tools

  • Market Cap 8,673 Cr.
  • Current Price 687
  • High / Low 750 / 450
  • Stock P/E 19.6
  • Book Value 428
  • Dividend Yield 1.43 %
  • ROCE 11.6 %
  • ROE 8.45 %
  • Face Value 10.0

Pros

Cons

  • The company has delivered a poor sales growth of 5.17% over past five years.
  • Debtor days have increased from 48.7 to 62.1 days.
  • Promoter holding has decreased over last 3 years: -10.2%
  • Working capital days have increased from 32.7 days to 73.8 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Chemicals Industry: Chemicals

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
1,575 1,902 1,793 1,956 2,012 3,031 2,719 2,755 2,796 2,313 2,424 1,853 2,086
1,302 1,612 1,581 1,604 1,511 2,291 2,225 2,294 2,326 2,032 2,138 1,570 1,648
Operating Profit 273 290 212 352 502 740 495 461 469 281 286 282 438
OPM % 17% 15% 12% 18% 25% 24% 18% 17% 17% 12% 12% 15% 21%
6 6 11 17 10 11 27 31 15 20 19 11 72
Interest 48 43 37 36 39 44 43 53 55 79 107 106 112
Depreciation 52 62 51 66 53 59 56 55 69 59 81 91 102
Profit before tax 179 190 135 267 420 649 422 384 360 162 117 97 296
Tax % 35% 31% 31% 32% 33% 33% 35% 34% 29% 30% 46% 37% 26%
116 131 93 181 283 436 276 252 257 114 63 61 220
EPS in Rs 11.03 12.47 8.40 14.90 23.19 35.98 21.54 19.76 20.19 8.72 4.76 4.56 17.01
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2,669 3,905 3,808 4,309 4,150 5,995 6,742 4,685 5,808 7,663 11,301 8,676
2,353 3,387 3,512 3,952 3,676 5,451 6,285 4,221 4,848 6,307 9,135 7,389
Operating Profit 316 517 297 358 474 544 457 465 961 1,356 2,165 1,287
OPM % 12% 13% 8% 8% 11% 9% 7% 10% 17% 18% 19% 15%
58 35 37 71 13 23 54 95 27 44 84 123
Interest 82 101 111 130 121 173 229 243 188 155 195 404
Depreciation 108 114 124 122 135 163 171 214 212 233 239 334
Profit before tax 183 337 98 177 230 230 110 103 588 1,013 1,816 672
Tax % 29% 29% 32% 34% 33% 29% 33% 14% 31% 32% 33% 32%
129 240 67 116 155 164 73 89 406 687 1,221 457
EPS in Rs 12.75 23.72 6.71 11.47 15.22 16.04 6.97 8.50 38.99 56.24 95.86 35.05
Dividend Payout % 38% 24% 52% 38% 34% 33% 37% 31% 19% 16% 10% 24%
Compounded Sales Growth
10 Years: 8%
5 Years: 5%
3 Years: 14%
TTM: -23%
Compounded Profit Growth
10 Years: 6%
5 Years: 50%
3 Years: 4%
TTM: -63%
Stock Price CAGR
10 Years: 17%
5 Years: 42%
3 Years: 19%
1 Year: 19%
Return on Equity
10 Years: 12%
5 Years: 16%
3 Years: 18%
Last Year: 8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 88 88 88 88 88 88 88 89 103 121 126 126
Reserves 1,193 1,365 1,384 1,439 1,928 1,958 1,960 2,050 2,600 3,764 4,941 5,282
1,124 964 1,384 1,970 2,013 3,532 3,032 3,015 2,593 2,656 3,699 4,149
534 723 584 957 1,019 1,413 2,038 1,777 1,865 2,204 2,655 2,273
Total Liabilities 2,939 3,139 3,440 4,454 5,048 6,991 7,118 6,931 7,161 8,744 11,421 11,830
1,458 1,427 1,384 1,317 2,056 2,189 2,209 2,712 2,621 2,644 2,678 6,279
CWIP 27 95 152 396 385 654 1,370 1,310 1,619 2,428 3,528 749
Investments 255 210 253 72 154 388 252 12 449 879 600 261
1,199 1,406 1,651 2,668 2,453 3,761 3,286 2,897 2,472 2,794 4,615 4,542
Total Assets 2,939 3,139 3,440 4,454 5,048 6,991 7,118 6,931 7,161 8,744 11,421 11,830

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
225 415 -54 -110 796 -132 1,310 578 1,248 1,211 493 732
-315 -64 -189 -62 -840 -1,139 -576 -156 -634 -1,430 -979 -375
50 -356 205 330 -81 1,269 -737 -354 -613 221 604 -410
Net Cash Flow -40 -5 -38 157 -125 -1 -3 69 1 3 118 -53

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 89 74 91 131 115 120 76 99 58 30 55 62
Inventory Days 48 46 51 66 63 62 57 75 61 76 60 74
Days Payable 42 47 30 51 54 73 102 143 124 103 85 80
Cash Conversion Cycle 96 72 112 146 124 108 30 32 -5 3 30 56
Working Capital Days 73 51 80 123 56 101 32 29 5 -4 29 74
ROCE % 11% 18% 7% 8% 9% 8% 6% 5% 15% 19% 25%

Shareholding Pattern

Numbers in percentages

12 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
55.89% 53.06% 47.58% 47.58% 47.58% 45.46% 45.46% 45.46% 45.46% 45.46% 45.46% 45.63%
2.95% 1.57% 11.95% 14.29% 15.98% 20.76% 19.37% 19.09% 13.44% 12.97% 13.16% 12.76%
0.33% 4.95% 1.78% 1.56% 1.67% 2.08% 2.06% 2.13% 2.07% 2.83% 3.50% 3.16%
40.83% 40.42% 38.69% 36.56% 34.76% 31.70% 33.11% 33.32% 39.05% 38.76% 37.90% 38.45%
No. of Shareholders 1,39,1471,43,3141,51,4621,72,5481,70,9691,82,4711,93,4651,93,6282,15,6902,28,8282,18,2902,38,094

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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