Deepak Fertilisers & Petrochemicals Corporation Ltd

AGM notice and AR access

• Distributes web-link and QR code for AR 2025-26 to non-registered email shareholders.
• Dispatch confirmed on 11 Aug 2026, 1:39 PM, by KFin Technologies Ltd (RTA).
• AR and AGM notice will be accessible on the company website.
• 46th AGM scheduled for 1 September 2026 at 11:00 AM IST via VC/OAVM.
• Shareholders without registered emails should update their contact details with DP or RTA.

KYC update for physical shareholders

• Reminder letters dispatched to physical shareholders to furnish PAN, KYC, bank details, and nomination.
• SEBI circular HO/38/13/(4)2026 mandates complete KYC for updates and service requests.
• Forms ISR-1, SH-13, and ISR-3 available on company and KFin RIS websites.
• Dispatch confirmation from KFin received at 1:38 PM on 11 August 2026.
• Payments, including dividends, will be electronic only once KYC is complete.
• Non-completed KYC may restrict grievance handling, services, or payments.
• RTA is KFin Technologies Limited; submission address in Hyderabad.

AGM Details

• AGM date/time: 1 September 2026 at 11:00 IST.
• Mode: VC/OAVM; deemed venue: registered office.
• Record date for entitlement: 25 August 2026.
• Books close: 26 August to 1 September 2026 (inclusive).
• Remote e-voting window: 29–31 August 2026.
• E-AGM joining opens 10:45–11:15 on AGM day.
• Proxy facility not available for e-AGM.

Resolutions

• Adopt standalone financial statements for year ended 31 March 2026.
• Adopt consolidated financial statements for year ended 31 March 2026.
• Declare dividend of Rs 10 per equity share.
• Appoint Madhumilan Parshuram Shinde as Director, by rotation.
• Re-appoint M/s P G Bhagwat LLP as Statutory Auditors for five years.
• Ratify remuneration of Cost Auditors; Rs 2,50,000 plus taxes.
• Appoint Yeshil Sailesh Mehta as Non-Executive Non-Independent Director, liable to rotate.

Dividend

• Dividend of Rs 10 per equity share proposed/approved.

Director Changes

• Madhumilan Parshuram Shinde to be appointed as Director (retiring by rotation).
• Yeshil Sailesh Mehta appointed as Additional Director w.e.f. 1 July 2026; to be NED-NI.

Auditor Appointments

• Statutory Auditors: M/s P G Bhagwat LLP re-appointed for second five-year term.
• Cost Auditor remuneration: Rs 2,50,000 for FY ending 31 Mar 2027; to be ratified.

Other Material Approvals

• Board authorized to implement and give effect to the resolutions.

Financial performance

• Consolidated revenue from operations: ₹11,506 crore, up 12% YoY.
• Operating EBITDA: ₹1,684 crore; Profit after tax: ₹739 crore.
• PAT margin: 6.4%; EBITDA margin: 14.6% (consolidated).
• Net debt to equity: 0.67x; DSCR: 1.12x.
• Consolidated earnings per share: ₹58.40; ROE declined vs prior year.
• Operating cash flow supported by disciplined working capital management.

Growth & strategy

• Transforming from a products company to a solutions platform across CNB, IC, and Mining.
• Investing in capacity, backward integration, digitalisation, and supply-chain resilience.
• Key acquisitions to strengthen mining solutions: Chardham Chemicals and 100% PBS platforms.
• LNG-to-ammonia integration and TAN/N nitric acid expansions to enhance margin resilience.
• Strategic LNG regasification and novation of LNG supply with Equinor to DGPL.

Key projects & capacity

• Gopalpur TAN: 376 KTPA; ~95% complete; commissioning expected H2 FY2026-27.
• Dahej Nitric Acid expansion: WNA 300 KTPA, CNA 150 KTPA; ~86% complete.
• Post-commissioning, Group TAN capacity ~1 MTPA, addressing ~60% of domestic TAN demand.
• Dahej CN A expansion to support broader downstream nitration and mining needs.
• Two flagship projects approach commissioning to translate capex into volumes and earnings.

Capital structure & liquidity

• Net debt in FY2025-26: ₹4,99,001 lakh; gearing 0.67x.
• Bank borrowings: total facilities used ₹4,117 crore; unused ₹1,281 crore.
• WC facilities used ₹902 crore; unused ₹1,544 crore.
• CCDs of ₹80,000 lakh issued by DMSL; equity component recognised in OCI/NCI.
• End-FY liquidity supported by ₹37,771 lakh cash & cash equivalents.

Governance & ESG

• Dr Purvi Mehta Bhatt appointed Independent Woman Director (from Jan 1, 2026).
• Yeshil Sailesh Mehta appointed Non-Executive Non-Independent Director (from Jul 1, 2026).
• IsFon CSR: 63,076 beneficiaries; CSR spend ₹327.27 lakh; shortfall ₹419 lakh carried forward.
• CSR shifted from Skill Development Centre to Centre of Excellence; governance and policy disclosures on company site.
• NFRA/secretarial audits; robust internal controls; board committees active with regular oversight.

Dividend & shareholder matters

• Forty-sixth AGM on 1 Sept 2026 via VC/OAVM; e-voting enabled.
• Dividend proposed: ₹10 per equity share (face value ₹10); payout date on or before 30 Sept 2026.
• Share dematerialisation: ~97.75% of shares in demat form; benefit from faster trading.
• Unclaimed dividends/shares as per IEPF framework; claim window and process detailed in annual report.

Risks & outlook

• Global macro: IMF/IMF-linked trends; India growth supports chemicals, mining, and agri inputs.
• Raw material volatility and energy costs; potential subsidy and policy shifts in fertilisers.
• Geopolitical tensions and supply-chain disruptions; currency/commodity price fluctuations.
• Execution risk on large capex (TAN/NA) and integration of acquisitions; regulatory approvals timing.

Meeting Details

• EMKAY Confluence 2026 – 12 August 2026, Mumbai; physical meeting
• Motilal Oswal 22nd Annual Global Investor Conference – 19 August 2026, Mumbai; physical meeting

Participants

• Company officials to participate (management roles)

Purpose

• Participation in analyst/investor conferences for investor interaction

Financial Performance

• Q1 FY27 revenue INR 3,256 crores, up 22% YoY and 8% QoQ.
• Operating EBITDA INR 845 crores, up 65% YoY and 139% sequentially.
• EBITDA margin 26%, vs 19% YoY and ~12% last quarter.
• Net profit INR 490 crores, up 101% YoY and 252% QoQ.
• Capex in quarter: over INR 500 crores; total capex till Q1 around INR 3,850 crores.
• Net debt INR 4,719 crores; debt/EBITDA 1.4x.

Segment Performance & Mix

• Mining chemical revenue INR 911 crores, up 37% YoY; volume 130 KT.
• B2C revenue INR 151 crores, up 42%; 17% of segment revenue.
• Industrial chemical revenue INR 490 crores.
• Crop nutrition revenue INR 1,367 crores, up 9% YoY; premium products 43% of segment revenue.
• IPA volumes constrained by propylene; recovery expected as supply improves.
• Nitric acid volume stable; pricing strengthened by supply tightness.

Balance Sheet & Cash Flow

• Total capex till Q1 around INR 3,850 crores.
• Debt/EBITDA 1.4x; net debt INR 4,719 crores.
• Balance sheet strengthened amid peak investment with strong cash generation.

Projects & Capex

• Gopalpur TAN project 96% complete; Dahej nitric acid project 93% complete.
• Commissioning underway; both to commence operations in Q2 FY27.
• Total capex till Q1 within approved envelope.
• First LNG cargo from Equinor received in May; long-term LNG supply underway.
• DMSL explosives acquisition completed in May; exploring IPO or demerger.

LNG & Supply Chain

• Equinor gas supply phase-in continues; by Q4 phase-in completed; proportion increases.
• Ammonia capacity 5 lakh tonnes; Q1 utilization 94%; debottlenecked with ~10% uplift.
• Approx 80% captive ammonia consumption; merchant ammonia sales ongoing.
• Ammonia price around USD 600 per MT; elevated for several quarters.
• LNG phase-in yields more stable costs; forward visibility improving.

Q&A Highlights & Outlook

• Q2 expected monsoon slowdown in mining; fertilizer crop nutrition to pickup.
• TAN margins to normalize over medium-to-long term; near-term elevated due to Middle East.
• DMSL listing option being evaluated; decision pending.
• Two large capacities likely to commission; ramp-up to drive next growth.
• Equinor gas to deliver full-quarter benefit; gas mix shifts toward Equinor.
• Debt near peak; some incremental debt possible as capex completes.

Meeting Details

• Date: 31 July 2026; time not disclosed.
• Meeting type: earnings conference call; mode not disclosed.
• Organizer: Deepak Fertilisers & Petrochemicals Corporation Limited.

Participants

• Key company participant: VP – Legal, Compliance & Company Secretary.

Purpose

• Discuss quarterly results for quarter ended 30 June 2026.

Additional Notes

• Audio recording of the call is available on the company website.