Deepak Fertilisers & Petrochemicals Corporation Ltd
Commodity Chemicals
FV – Rs 10; 52wks H/L –253.45/128.15; TTQ – 50 K; CMP – Rs 221 (As On January 4, 2017);
Market Cap – Rs 1951 Crs
Consolidated Financials and Valuations for FY16 (Amt in Rs Crs unless specified)
Equity Capital |
Net worth |
Long Term Debt | Total Sales |
PAT | BV (Rs) |
EPS (Rs) |
P/E |
Industry P/E |
P/BV |
Promoter’s Stake |
Beta |
| 88.2 | 1534 | 489 | 4422 | 115.32 | 174 | 13.07 | 17 | 20.64 | 1.27 | 51.07 | 0.55 |
Standalone Financials and Valuations for H1 FY17
Equity Capital |
Net worth |
Long Term Debt | Total Sales |
PAT | BV (Rs) |
EPS (Rs) |
P/E |
Industry P/E |
P/BV |
Promoter’s Stake |
Beta |
| 88.2 | 1661 | 449 | 1983 | 61.68 | 188 | 6.99 | 31.62 | 20.64 | 1.18 | 51.07 | 0.55 |
Valuation Parameters:
- Long Term Debt to Equity – 0.32
- ROE % – 7.5
- Market Cap/Sales – 0.44
- In 2015-16, the total sales volume fornitric acid saw an increase of 9 percent year-on-year (YOY) and concentrated nitric acid reported highest ever production and sales.
- Deepak Fertilisers to set up nitric acid plant in Dahej with Rs 550-Cr investment. http://www.business-standard.com/content/b2b-chemicals/deepak-fertilisers-to-set-up-nitric-acid-plant-in-dahej-with-rs-550-cr-investment-116080500249_1.html
- Deepak Fertilisers’ current capacity is close to 840,000 metric tonne per annum (MTPA), but most of which is used for captive consumption with only 160,000 MTPA available for merchant sale. With the new Dahej plant, the company will be able to provide an incremental 148,000 MTPA.
Overview:
- Deepak Fertilisers and Petrochemicals Corporation Ltd is a manufacturer of fertilizers.
- The Company’s segments include Chemicals, which offers products, such as ammonia, methanol, dilute nitric acid (DNA), concentrated nitric acid (CAN), carbon dioxide (CO2), technical ammonium nitrate (TAN), iso propyl alcohol (IPA), propane, and bulk and specialty chemicals; Bulk Fertilisers, which offers products, including nitro phosphate (NP), muriate of potash (MOP), diammonium phosphate (DAP), ammonium sulfate, mixtures, single superphosphate (SSP), sulfur, micronutrients, bio fertilizers, fruits, vegetables and pesticides; Realty, which includes real estate business, and Others, which provides windmill power.
- Its principal products/services include Nitrophosphate (Fertilisers), Complexes (Fertilisers) and TAN.
- Its primary brand is Mahadhan. It manufactures prilled nitro phosphate fertilizer under the brand name Mahadhan Mahapower.
Management:
- S. C. Mehta – CMD
- Vipin Agarwal – CFO
The Equity Capital is @ Rs 88.2 Crs consisting of 88204943 equity Shares of FV Rs 10 currently held as under
None Of the Promoter’s Holding is pledged.
Major Non – Promoter Holdings:
| Sr.No | Non – Promoters | No. of shares held | % of shares held |
| 1 | Fidelity Northstar Fund | 1250500 | 1.42 |
| 2 | Fidelity Purtian Trust | 7569000 | 8.58 |
| 3 | ICICI Lombard General Insurance Co. Ltd | 1850000 | 2.1 |
| 4 | ICICI Prudential Life Insurance Co. Ltd | 1565589 | 1.77 |
Consolidated Financial Trends (In Rs. Crs) :
| Particulars | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
| Equity Paid Up | 88.2 | 88.2 | 88.2 | 88.2 | 88.2 | 88.2 |
| Networth | 1534 | 1472 | 1453 | 1281 | 1213 | 1059 |
| Total Debt | 1898 | 1124 | 824 | 1018 | 778 | 707 |
| Net Sales | 4422 | 3841 | 3969 | 2731 | 2449 | 1661 |
| Other Income | 70 | 29 | 49 | 58 | 37 | 33 |
| PAT | 115.32 | 67.99 | 240.5 | 129.3 | 211.7 | 187.52 |
| Book Value (Rs) | 174 | 167 | 165 | 145 | 138 | 120 |
| EPS (Rs) | 13.07 | 7.71 | 27.27 | 14.66 | 24.00 | 21.26 |
