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India
Reported ownership for FY2027-Q2 as of 2026-09-30.
As of 06 Nov 2026, 03:30 pm
As of November 6, 2026, Deepak Nitrite shares closed at ₹1,535.0 on the NSE, down from the previous close of ₹1,544.0. The stock traded within a daily range of ₹1,515.6 to ₹1,545.7, with a total turnover of ₹12.8 crore across 1,55,397 shares.
Brokerages have issued negative outlooks recently. Motilal Oswal set a 'Sell' recommendation with a target price of ₹1,300 on November 2, 2026. Similarly, Prabhudas Lilladher issued a 'Reduce' recommendation with a target of ₹1,419, indicating a bearish near-term perspective relative to current levels.
Technical indicators show a bearish trend on both daily and monthly timeframes. Immediate support lies at ₹1,518.37 (1.08% below), with further support at ₹1,492.73. Resistance is noted at ₹1,563.63 (1.87% above) and ₹1,581.53. The stock has experienced a significant drawdown of -39.0% from its peak.
The Board approved unaudited financial results for Q2 and H1 FY27 (ended September 30, 2026) on October 29, 2026. Management highlighted record quarterly and half-year results during the conference call held on October 30, 2026, providing updates on commissioned assets and expansion projects.
As of 06 Nov 2026, 03:30 pm
Recent drawdown or price variability is materially high and may lead to larger short-term outcomes.
Primary driver: Price remains materially below a previous peak
Trading activity was substantially higher than usual and the price closed higher.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
Trading activity was substantially higher than usual and the price closed higher.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
The session opened materially above the previous close, indicating a sharp repricing at the open.
The move may reflect new information; subsequent price follow-through is worth monitoring.
The session traded across a materially wider price range than usual.
Larger price swings can increase short-term uncertainty, especially if they continue.
Latest complete financial results for Q1 FY2027 and comparative quarterly trends.
| Metric | Q1 FY2026-27(Latest) | Q4 FY2025-26 | Q3 FY2025-26 | Q2 FY2025-26 | Q1 FY2025-26 |
|---|---|---|---|---|---|
| Revenue From Operations | PEAK₹2,577.60 crore | ₹2,120.33 crore | ₹1,974.97 crore | ₹1,901.89 crore | ₹1,889.88 crore |
| Expenses | PEAK₹2,123.98 crore | ₹1,825.84 crore | ₹1,832.66 crore | ₹1,758.81 crore | ₹1,759.70 crore |
| Profit Before Tax | PEAK₹467.63 crore | ₹301.35 crore | ₹137.97 crore | ₹163.03 crore | ₹154.74 crore |
| Tax Expense | PEAK₹122.62 crore | ₹81.52 crore | ₹38.15 crore | ₹44.28 crore | ₹42.49 crore |
| Profit Loss For Period | PEAK₹345.01 crore | ₹219.83 crore | ₹99.82 crore | ₹118.75 crore | ₹112.25 crore |
| Finance Costs | PEAK₹22.91 crore | ₹18.91 crore | ₹11.04 crore | ₹7.94 crore | ₹8.13 crore |
Deepak Nitrite reported a notable increase in revenue during the first quarter of FY2026-27, with profit before tax more than doubling year-on-year as revenue expanded faster than total expenses.
Deepak Nitrite delivered a quarter of revenue growth alongside a widening of profit margins, as earnings expanded at a faster pace than operating costs. Finance costs continued to rise but remain a minor portion of total expenses. A major downstream expansion plan was announced for future phases, leaving immediate financial performance focused on the current quarter's results.
Disclosed bulk and block transactions involving Deepak Nitrite, shown for the latest 90 days.
Exchange disclosures and regulatory announcements for Deepak Nitrite.
Deepak Nitrite Limited filed the transcript of its Q2 and H1 FY27 earnings conference call, held October 30, 2026. Management reported record quarterly and half-year results and provided updates on commissioned assets, expansion projects, funding and operating performance. The transcript submission is a routine exchange notice; the attached call contains substantive business information.
Deepak Nitrite Limited uploaded the audio recording of its Q2 & H1 FY 2027 Earnings Conference Call, held on October 30, 2026, to its website and informed the National Stock Exchange of India Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Deepak Nitrite Limited’s Board of Directors approved the company’s standalone and consolidated unaudited financial results for the quarter and half year ended September 30, 2026, at its meeting on October 29, 2026. The company submitted the results and the statutory auditors’ limited review report to the Exchange under Regulation 33 of the SEBI Listing Regulations.
Integrated Filing- Financials|Original|
Integrated Filing- Financials|Original|
Deepak Nitrite Limited reported its highest-ever quarterly and first-half performance for Q2 and H1 FY2027. Consolidated Q2 revenue was ₹3,091 crore, up 61% year on year, and EBITDA was ₹643 crore, up 187%; H1 revenue was ₹5,682 crore, up 48%, and EBITDA was ₹1,197 crore, up 173%. Phenolics recorded H1 FY27 EBIT of ₹933 crore, above its previous full-year peak of ₹867 crore in FY22. The presentation also updated progress on the integrated polycarbonate complex at Dahej: 65% of dismantling work and 27% of overall EPC work for the PC and OSBL plant were complete, civil works had commenced across utilities, and the loan agreement had been signed with all lenders.
Deepak Nitrite Limited has notified the National Stock Exchange of India regarding the schedule for its Q2 and H1 FY2027 earnings conference call. The call is scheduled for Friday, 30 October 2026, at 3:30 PM IST to discuss financial results for the quarter and half-year ended 30 September 2026. Senior management representatives, including Deputy Managing Director Mr. Maulik Mehta, Group CFO Mr. Sanjay Upadhyay, and CFO Mr. Somsekhar Nanda, will participate. The event is hosted by IIFL Capital.
DEEPAK NITRITE LIMITED has informed the Exchange about Board Meeting to be held on 29-Oct-2026 to inter-alia consider and approve the Unaudited Financial results of the Company for the Half Yearly ended September 2026 . |SUBJECT: Board Meeting Intimation
Recent market and company developments associated with Deepak Nitrite.
Motilal Oswal has issued a 'Sell' recommendation for Deepak Nitrite shares, setting a target price of Rs 1300. This guidance was published by Moneycontrol on November 2, 2026.
Brokerage firm Prabhudas Lilladher has issued a 'Reduce' recommendation for Deepak Nitrite, setting a price target of Rs 1419. This analyst action suggests a negative outlook on the stock's near-term performance relative to current market levels.
Deepak Nitrite reported Q2 FY27 results with net profit tripling to ₹398 crore and revenue increasing 61.7% YoY to ₹3,076 crore, leading to a 9% share price jump. Brokerage firm Motilal Oswal issued a 'sell' rating on the stock despite acknowledging the strong quarterly performance.
Deepak Nitrite Ltd reported a 235% YoY increase in consolidated net profit to Rs 398 crore for Q2 FY27, driven by a 61% rise in total revenue and an 187% surge in Ebitda. The company attributed its record quarterly performance to favorable domestic market conditions and import disruptions boosting the competitiveness of its Phenolics segment.
Market participants reacted to the day's Q2 results with specific stocks identified as gainers and losers. Trent, IndiGo, Deepak Nitrite, and Milky Mist were among the gainers, while Coal India, Strides Pharma, Blue Star, CAMS, Equitas SFB, and Godrej Consumer were among the losers.
Multiple listed companies including Reliance Industries, Vedanta Power, InterGlobe Aviation, Suzlon Energy, Vedanta Oil and Gas, Blue Star, Trent, Indegene, and Deepak Nitrite reported or are set to report their Q2 FY27 financial results, showing mixed performance across sectors.
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Shares of Deepak Nitrite Ltd ended at ₹1,515.15, down by ₹35.90, or 2.31%, on the BSE.
Comprehensive Section Breakdown for Deepak Nitrite
Strategic Vision: Indian chemical manufacturer producing diverse intermediates for various industries.
• Expertise in critical chemical processes like hydrogenation, nitration, and oxidation.
• Commitment to innovation and research with numerous patent applications.
• Adherence to responsible chemistry principles, evidenced by Responsible Care certification.
Revenue from operations reached ₹2,577.60 crore, up 21.57% from the preceding quarter and 36.39% higher than the same quarter last year. This marks an acceleration from the sequential growth rates observed over the prior three quarters, which were 0.6%, 3.8%, and 7.4%.
Profit before tax rose to ₹467.63 crore, a 55.18% sequential increase and a 202.2% year-on-year jump. The faster growth in profit compared to revenue reflects a widening of profitability margins.
Total expenses reached ₹2,123.98 crore, rising 16.33% sequentially and 20.7% year-on-year. Because revenue growth outpaced expense growth, the profit before tax margin widened to 18.1% from 14.2% in the prior quarter and 8.2% a year earlier.
Cost of materials consumed was the largest expense at ₹1,581.32 crore, accounting for 74.5% of total expenses. Other recorded expenses included employee benefits (₹118.29 crore), depreciation and amortisation (₹63.66 crore), purchases of stock-in-trade (₹60.88 crore), and finance costs (₹22.91 crore). A decrease in inventory values reduced total expenses by ₹14.01 crore, while net unallocable income offset ₹5.80 crore in other expenditures.
Finance costs increased to ₹22.91 crore, up 21.15% from the previous quarter and 181.8% from the same quarter last year. Despite the rise, finance costs represented approximately 1.1% of total expenses.
Tax expense for the quarter was ₹122.62 crore, increasing 50.42% sequentially and 188.59% year-on-year. The effective tax rate stood at 26.2%, slightly lower than 27.1% in the prior quarter and 27.5% a year ago. Net profit for the period came to ₹345.01 crore, up 56.94% sequentially and 207.36% year-on-year, with the net profit margin reaching 13.4% compared to 10.4% and 5.9% in the comparable periods.
Management disclosed that wholly owned subsidiary Deepak Chem Tech has approved a Bisphenol A project with a capacity of up to 240,000 tonnes per annum and an estimated investment of ₹2,500 crore. Combined with previously approved polycarbonate and phenol/acetone facilities, this establishes an integrated manufacturing chain from cumene to phenol, acetone, BPA, and polycarbonate resin. The initiative targets both captive supply for polycarbonate production and the broader Indian market for epoxy resins. These developments are long-term in scope and do not affect the current quarter’s financial results.
Deepak Nitrite announced a major strategic expansion through its wholly owned subsidiary, Deepak Chem Tech, which has approved a Bisphenol A (BPA) project with capacity of up to 240 KTA and an investment of approximately ₹2,500 crore. This project, combined with previously approved polycarbonate and phenol/acetone plants, creates a highly integrated manufacturing platform spanning the value chain from Cumene to Phenol & Acetone, BPA, and Polycarbonate resin. Management said the BPA facility will meet captive requirements for polycarbonate production and also serve the growing Indian market for BPA used in epoxy resins. The company reported its Q1 FY2026 financial results, but no specific outlook or guidance was provided beyond the strategic expansion.
Category: Manufacturing
Manufactures a broad spectrum of chemical intermediates for domestic and international markets, catering to sectors like dyes, agrochemicals, pharmaceuticals, and personal care.
Category: Manufacturing
Specializes in the production of Phenol, Acetone, and Isopropyl Alcohol (IPA) for industries including laminates, pharmaceuticals, and sanitizers.
Category: Manufacturing
Includes Deepak Chem Tech and Deepak Advanced Materials Limited as part of its business structure.
Core Thesis: The company operates through specialized divisions, each focusing on distinct chemical production areas to serve diverse industrial needs.
• Integrated Manufacturing: Operates integrated manufacturing facilities, such as the one in Dahej for Deepak Phenolics, to ensure efficient production of key chemicals. • Diverse Product Portfolio: Offers a wide range of over 100 international quality products catering to various sectors including dyes, agrochemicals, pharmaceuticals, and personal care. • Global Reach: Maintains a significant global footprint by exporting products to over 50 countries across six continents.