Deepak Nitrite Ltd

Deepak Chem Tech will undertake the project for manufacturing 300 KTA of Phenol, 185 KTA of Acetone and 100 KTA of lsopropyl Alcohol (lPA) including greenfield infrastructure capex for an aggregate investment of about Rs 3,500 crore (which will be firmed up during detailed engineering) and shall be funded through a suitable mix of debt and equity. The new capacity of Phenol and Acetone would be ultimately integrated to produce Polycarbonate Resins (PC). DCTL has already signed agreements to acquire and shift a PC plant from Germany to India. When finally completed, Deepak will be one of the most integrated producer of PC from the above Phenol and Acetone. The above Phenol, Acetone and IPA capacities will be over and above the existing capacities of 330 KTA of Phenol, 200 KTA of Acetone and 80 KTA of IPA under Deepak Phenolics, wholly owned subsidiary of the company. Further, Deepak through its wholly owned subsidiary, Deepak Advanced Materials started producing PC compounding in recently commissioned facility at Savli, Vadodara, Gujarat. This facility is introducing new PC compounds for electronic and mobility sectors. Once completed, the entire complex will help Deepak to meet India's growing market demand. Commenting on this development, Deepak C. Mehta, chairman and managing director of Deepak Nitrite, said, 'Deepak Group is committed to create one of the most integrated capacities, which will give it great resilience and strength that is a must in current times. The products being import substitute, will increase our Groups contribution towards Atmanirbharata and the path of Vikshit Bharat.' Separately, the board of DCTL also approved investment of around Rs 220 crore to support its foray into speciality flouro chemicals. Deepak Nitrite is a leading chemical intermediates producer with a diversified portfolio catering to the colorants, life sciences, plastics, textiles, laminates, automobiles, paints, resins, construction chemicals and energy sectors. The company's consolidated net profit declined 51.5% to Rs 98.09 crore in Q3 FY25 as compared with Rs 202.05 crore in Q3 FY24. Net sales fell 5.3% YoY to Rs 1903.40 crore in Q3 FY25.Powered by Capital Market - Live

Go Digit General Insurance Ltd, Concord Biotech Ltd, Natco Pharma Ltd, Kalpataru Projects International Ltd are among the other stocks to see a surge in volumes on NSE today, 14 February 2025.Deepak Nitrite Ltd registered volume of 52.19 lakh shares by 14:14 IST on NSE, a 33.39 fold spurt over two-week average daily volume of 1.56 lakh shares. The stock slipped 15.47% to Rs.1,891.90. Volumes stood at 1.92 lakh shares in the last session.Go Digit General Insurance Ltd witnessed volume of 133.74 lakh shares by 14:14 IST on NSE, a 24.96 times surge over two-week average daily volume of 5.36 lakh shares. The stock increased 1.33% to Rs.301.15. Volumes stood at 3.31 lakh shares in the last session.Concord Biotech Ltd recorded volume of 9.89 lakh shares by 14:14 IST on NSE, a 7.45 times surge over two-week average daily volume of 1.33 lakh shares. The stock lost 20.00% to Rs.1,689.40. Volumes stood at 60836 shares in the last session.Natco Pharma Ltd registered volume of 73.64 lakh shares by 14:14 IST on NSE, a 5.74 fold spurt over two-week average daily volume of 12.83 lakh shares. The stock slipped 9.05% to Rs.886.80. Volumes stood at 84.1 lakh shares in the last session.Kalpataru Projects International Ltd registered volume of 14.64 lakh shares by 14:14 IST on NSE, a 4.4 fold spurt over two-week average daily volume of 3.33 lakh shares. The stock slipped 11.26% to Rs.871.60. Volumes stood at 5.54 lakh shares in the last session.Powered by Capital Market - Live

Go Digit General Insurance Ltd, Anupam Rasayan India Ltd, Concord Biotech Ltd, Godfrey Phillips India Ltd are among the other stocks to see a surge in volumes on BSE today, 14 February 2025.Deepak Nitrite Ltd witnessed volume of 1.39 lakh shares by 10:48 IST on BSE, a 19.43 times surge over two-week average daily volume of 7148 shares. The stock dropped 14.32% to Rs.1,916.50. Volumes stood at 8175 shares in the last session.Go Digit General Insurance Ltd clocked volume of 2.61 lakh shares by 10:48 IST on BSE, a 8.9 times surge over two-week average daily volume of 29340 shares. The stock gained 3.55% to Rs.307.60. Volumes stood at 23395 shares in the last session.Anupam Rasayan India Ltd saw volume of 21856 shares by 10:48 IST on BSE, a 5.42 fold spurt over two-week average daily volume of 4030 shares. The stock increased 2.91% to Rs.691.00. Volumes stood at 3294 shares in the last session.Concord Biotech Ltd registered volume of 22155 shares by 10:48 IST on BSE, a 4.23 fold spurt over two-week average daily volume of 5232 shares. The stock slipped 10.56% to Rs.1,887.10. Volumes stood at 4819 shares in the last session.Godfrey Phillips India Ltd recorded volume of 78442 shares by 10:48 IST on BSE, a 3.75 times surge over two-week average daily volume of 20933 shares. The stock gained 15.59% to Rs.5,759.75. Volumes stood at 22183 shares in the last session.Powered by Capital Market - Live

Revenue from operation stood at Rs 1,903.40 crore in Q3 FY25, down 5.27%, compared with Rs 2,009.23 crore posted in Q3 FY24. Profit before tax in Q3 FY25 was at Rs 135.2 crore, down 50.58% as against Rs 273.59 crore reported in the same period a year ago. EBITDA for the third quarter of FY24 stood at Rs 190 crore, registering a decline of 40.25% compared to Rs 318 crore in Q3 FY23. EBITDA margin reduced to 10% in Q3 FY25, compared to 16% recorded in the corresponding quarter previous year. On the segmental front, the revenue from advanced intermediates was at Rs 551.69 crore (down 18.18% YoY), while revenue from phenolics stood at Rs 1,365.74 crore (up 1.22%) during the period under review. Deepak C. Mehta, chairman & managing director, said, 'Normally the business cycles of AI and phenolics are generally such that on an overall basis they complement each other. This is the first time we are experiencing both businesses going through short-term challenges. I am happy we have been able to achieve yet another milestone in phenol capacity utilization. Domestic production now more or less matches domestic demand, and as the market accepts the new normal, margins should improve. On the AI business segment, the world has been going through de-stocking in the agro-chem business. As an intermediate supplier, we have been impacted with a lag. As we see agrobusiness picking up again, it is a matter of time when our performance will be back to normal. New products in the group, including upstream products like nitric acid and downstream products like MIBK and MIBC, should be coming into operations in the next few months. In the meantime, our long-term plan for the polymer business is rapidly taking shape. Having entered into long-term agreements for pipeline supply of critical feedstock and contracted to acquire German assets for the final product, viz., polycarbonate resins, we are actively working to complete the entire value chain. India continues to import almost 300 kta of polycarbonate resin. Deepak will be producing about 160 kta in the first phase. All our projects are targeted to be completed by the end of FY2028. Overall, we remain committed to investing in strategic growth initiatives, including new product development and targeted market expansion, to ensure long-term value creation for our shareholders.' Deepak Nitrite produces a spectrum of chemicals, including agrochemicals, colorants, rubber, pharmaceuticals, specialties, and fine chemicals. The company manufactures chemical intermediates to serve the domestic and international markets with high-quality products made in a responsible and sustainable manner.Powered by Capital Market - Live

Net profit of Deepak Nitrite declined 51.45% to Rs 98.09 crore in the quarter ended December 2024 as against Rs 202.05 crore during the previous quarter ended December 2023. Sales declined 5.27% to Rs 1903.40 crore in the quarter ended December 2024 as against Rs 2009.23 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales1903.402009.23 -5 OPM %8.8515.16 - PBDT183.42315.28 -42 PBT135.20273.59 -51 NP98.09202.05 -51 Powered by Capital Market - Live

Deepak Nitrite will hold a meeting of the Board of Directors of the Company on 13 February 2025.Powered by Capital Market - Live

Deepak Nitrite will hold a meeting of the Board of Directors of the Company on 13 November 2024Powered by Capital Market - Live

The headline equity benchmarks traded with significant gains in mid-morning trade. The Nifty traded above the 24,200 level. Metal shares advanced after declining for the past three consecutive trading sessions. At 11:30 IST, the barometer index, the S&P BSE Sensex, was up 567.86 points or 0.72% to 79,327.26. The Nifty 50 index added 171.95 points or 0.71% to 24,233.10. The broader market outperformed the headline indices, the S&P BSE Mid-Cap index added 1.13% and the S&P BSE Small-Cap index gained 1.35%. The market breadth was strong. On the BSE, 2,598 shares rose and 1,125 shares fell. A total of 138 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, tumbled 10.89% to 18.15. IPO Update: The initial public offer (IPO) of Ola Electric Mobility received 56,38,04,670 bids for shares as against 46,51,59,451 shares on offer, according to stock exchange data at 11:15 IST on Monday (05 August 2024). The issue was subscribed 1.21 times. The issue opened for bidding on Friday (02 August 2024) and it will close on Tuesday (06 August 2024). The price band of the IPO is fixed between Rs 72 to Rs 76 per share. An investor can bid for a minimum of 195 equity shares and in multiples thereof. The initial public offer (IPO) of Brainbees Solutions received 19,26,752 bids for shares as against 4,96,39,004 shares on offer, according to stock exchange data at 11:15 IST on Tuesday (06 August 2024). The issue was subscribed 0.04 times. The issue opened for bidding on Tuesday (06 August 2024) and it will close on Thursday (08 August 2024). The price band of the IPO is fixed between Rs 440 to Rs 465 per share. An investor can bid for a minimum of 32 equity shares and in multiples thereof. The initial public offer (IPO) of Unicommerce eSolutions received 98,92,806 bids for shares as against 1,40,84,681 shares on offer, according to stock exchange data at 11:15 IST on Tuesday (06 August 2024). The issue was subscribed 0.70 times. The issue opened for bidding on Tuesday (06 August 2024) and it will close on Thursday (08 August 2024). The price band of the IPO is fixed between Rs 102 to Rs 108 per share. An investor can bid for a minimum of 138 equity shares and in multiples thereof. Buzzing Index : The Nifty Metal index gained 1.53% to 8,998.35. The index tumbled 6% in three consecutive trading sessions. Welspun Corp (up 3.56%), Adani Enterprises (up 2.64%), JSW Steel (up 2.07%), Jindal Stainless (up 2.03%) and Steel Authority of India (up 1.85%), APL Apollo Tubes (up 1.85%), Ratnamani Metals & Tubes (up 1.74%), National Aluminium Company (up 1.65%), Hindustan Copper (up 1.56%) and NMDC (up 1.48%) advanced. Stocks in Spotlight : Deepak Nitrite added 1.76% after the company's consolidated net profit grew 35.12% to Rs 202.54 crore in Q1 FY25 as compared with Rs 149.90 crore recorded in the same period last year. Revenue from operation stood at Rs 2,166.84 crore in June 2024 quarter, up 22.54% from Rs 1,768.34 crore posted in June 2023 quarter. Oil and Natural Gas Corporation (ONGC) rose 1.11%. The company reported 15.09% decline in standalone net profit to Rs 8,938.10 crore in Q1 FY25 as compared with Rs 10,526.78 crore in Q1 FY24. Revenue from operations increased 4.29% YoY to Rs 35,266.38 crore in Q1 FY25. Bharti Hexacom fell 1.09%. The company's standalone net profit surged to Rs 511.2 crore during the quarter as comapred with Rs 253.2 crore in Q1 FY24. Revenue from operations increased 13.61% YoY to Rs 1,910.6 crore during the quarter. Global Markets : Dow Jones Futures were up 405 points, indicating a bounce in the US stocks today. Asian stocks surged on Tuesday, recovering from steep losses in the previous session. Japanese markets led the rally, bouncing back after plunging into bear market territory. Bargain hunting also fueled gains, as investors snapped up discounted stocks with solid fundamentals. US stocks tumbled on Monday, triggered by recession fears. The Dow dropped 1,033.99 points, or 2.6%, to end at 38,703.27. The Nasdaq Composite lost 3.43% and closed at 16,200.08, while the S&P 500 slid 3% to end at 5,186.33. Friday's disappointing US jobs report intensified concerns about a potential recession. Investors are growing increasingly frustrated with the Federal Reserve's reluctance to cut interest rates despite slowing economic growth. The central bank opted to maintain rates at a 22-year high during its last meeting. Adding to market volatility, the unwinding of the yen carry trade is gaining momentum. After the Bank of Japan raised interest rates last week, narrowing the interest rate differential with the US, the yen strengthened against the dollar. This has forced investors to unwind positions that involved borrowing in yen to invest in higher-yielding assets. Powered by Capital Market - Live

Revenue from operation stood at Rs 2,166.84 crore in June 2024 quarter, up 22.54% from Rs 1,768.34 crore posted in June 2023 quarter. The firm reported profit before tax of Rs 274.80 crore during the quarter ended June 2024, up 36.22% as compared with Rs 201.73 crore recorded in corresponding quarter previous fiscal. On segmental front, the revenue from advanced intermediates was at Rs 670.20 crore (down 2.20% YoY) while revenue from phenolics stood at Rs 1,120.13 crore, (down 12.77%) during the period under review. During the first quarter, total expenses spiked 19.54% YoY to Rs 1,910.85 crore. Cost of materials consumed stood at Rs 1,412.76 crore (up 29.65% YoY), employee benefits expense was Rs 95.33 crore (up 13.18% YoY) while finance costs stood at Rs 5.75 crore (up 217.68% YoY) during the period under review. Deepak Nitrite produces a spectrum of chemicals, including agrochemicals, colourants, rubber, pharmaceuticals, speciality and fine chemicals. Company manufactures chemical intermediates to serve the domestic and international market with high quality products made in a responsible and sustainable manner. Powered by Capital Market - Live