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Deepak Fertilisers and Petrochemicals CorporationDEEPAKFERT.NSCompetitor analysis, valuation and peers

India · INR·Chemicals›Chemicals: Agricultural

Indian maker of fertilizers (ammonium nitrate, NPK) and industrial chemicals, including mining-explosive ammonium nitrate.

Momentum laggard 8
Mkt cap
$1.54B
US dollars, full cap
Free float
52%
of shares outstanding
$/day
$3.55M
20-day average traded
Fwd P/E
10.1×
forward earnings
ROIC−WACC
+1.1 pp
WACC 14.8%
Hurdle
n/a
no reverse DCF
Next earnings
90 days
4 Feb 2027
Close · INR₹1,155
1D-0.7%
1W+5.0%
1M-18.4%
3M-25.9%
6M-13.7%
YTD-10.2%
1Y-22.3%
ATR %4.5%
Beta1.50
52w lowhigh31.3% off high

What Deepak Fertilisers and Petrochemicals does

Indian maker of fertilizers (ammonium nitrate, NPK) and industrial chemicals, including mining-explosive ammonium nitrate.

Sells technical ammonium nitrate to explosives makers for mine blasting, and nitric-acid-based industrial chemicals, alongside fertilizers sold to farmers through dealers under the Mahadhan brand. Fertilizer prices are partly shaped by government subsidy rules, while industrial products follow mining and manufacturing demand.

Products and services

  • Ammonium nitrate fertilizer
  • NPK/nitro-phosphate fertilizers
  • Technical ammonium nitrate (mining explosives)
  • Nitric acid/industrial chemicals

Customers

  • Farmers/agri-input distributors
  • Mining and explosives companies

Where it sits in the supply chain

  • Fertilizers & chemicals
  • Fertilizer manufacturing (ammonium…
  • Industrial/mining chemicals (nitric…

What could go right

  • Mining/infrastructure explosive demand growth
  • Fertilizer subsidy/pricing support

What could go wrong

  • Government fertilizer subsidy/pricing policy risk
  • Natural gas feedstock cost volatility

Moat: narrow (scale, regulatory licence, process know-how). Integrated ammonia/nitric-acid production and a mining-explosives niche, but fertilizer pricing is government-influenced.

Headquarters: Pune, India · Founded: 1979 · Employees: 1,205

Named competitors

Deepak Fertilisers and Petrochemicals at a glance

Size Deepak Fertilisers and Petrochemicals (DEEPAKFERT.NS) is an India Materials company (Chemicals: Agricultural) with a market value of $1.54B, the 461st largest of 1,058 India companies the cockpit tracks. Shares closed at ₹1,155 on 6 Nov 2026.

Performance Over six months the shares fell 13.7%, against -25.7% for the median peer and 0.0% for the India market (cap-weighted) — 5th highest of 21 in its peer set.

Growth Revenue grew 13.6% over the last twelve months (peer median +5.9%); the operating margin is 13.1% (peer median 7.7%).

Valuation It trades at 10.1× forward earnings against a peer median of 16.7× (6th cheapest of 19).

Capital Return on invested capital runs 1.1 points above its cost of capital (14.8% WACC).

Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).

Relative performance

8010012011 May 202611 Aug 20266 Nov 2026DEEPAKFERT.NS 86Peer median 74
Six months, rebased to 100: Deepak Fertilisers and Petrochemicals against the median of its 20 peers (local-currency closes).

Deepak Fertilisers and Petrochemicals financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue₹121B₹114B₹101B₹85.2B₹113B
Revenue growth—+13%+18%-24%—
Gross profit₹28.6B₹18.9B₹20.0B₹14.0B₹24.6B
EBITDA₹20.2B₹16.2B₹17.9B₹11.7B₹22.1B
Net income₹9.84B₹7.37B₹9.34B₹4.53B₹12.1B
Free cash flown/a-₹18.7B₹3.20B-₹6.47B-₹10.8B
Capital expendituren/a₹15.9B₹11.4B₹8.85B₹12.1B
Total debtn/a₹56.7B₹41.5B₹41.5B₹37.0B

Quarterly statements and history in the cockpit →

Deepak Fertilisers and Petrochemicals competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%-20%-10%0%+10%PARADEEP1866BAYERCROP000422ATULTATACHEM002170002217002004SUMICHEM6005960022586032990025880022150023121722UANDEEPAKFERT.NS6-month return →1-month return →
Up and to the right = strong over both horizons. Deepak Fertilisers and Petrochemicals is the large dot.

Fundamentals: revenue growth against valuation

0%+10%+20%+30%25×50×75×PARADEEP1866BAYERCROP000422ATULTATACHEM002170SUMICHEM600596002258002588002215002312EIDPARRY301665UANDEEPAKFERT.NSRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Deepak Fertilisers and Petrochemicals is the large dot.

Deepak Fertilisers and Petrochemicals competitors and peer comparison

Head to head with its named competitors (DEEPAKFERT.NS vs CHAMBLFERT.NS vs COROMANDEL.NS vs GSFC.NS)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Deepak Fertilisers and Petrochemicals DEEPAKFERT.NS$1.54B-14%+14%13%10.1×n/a
Chambal Fertilisers & Chemicals CHAMBLFERT.NS$1.63B-15%+6%12%7.2×n/a
Coromandel International COROMANDEL.NS$5.69B-7%+24%8%27.3×n/a
Gujarat State Fertilizers & Chemicals GSFC.NS$588M-22%+37%3%8.7×23.2%

How Deepak Fertilisers and Petrochemicals compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Deepak Fertilisers and Petrochemicals against its 20 peers (data as of 6 Nov 2026)
MeasureDEEPAKFERT.NSPeer medianRank in peer set
1-month return-18.4%-8.3%2nd lowest of 21
6-month return-13.7%-25.7%5th highest of 21
Distance from 52-week high-31.3%-34.7%9th highest of 21
Revenue growth (TTM)+13.6%+5.9%8th highest of 21
Operating margin13.1%7.7%5th highest of 21
Forward P/E10.1×16.7×6th cheapest of 19
ROIC minus cost of capital+1.1 pp+0.2 pp10th highest of 21
EV / EBITDA7.2×10.3×3rd cheapest of 9
Net debt / EBITDA2.5×1.0×4th most indebted of 9

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Deepak Fertilisers and Petrochemicals DEEPAKFERT.NSIndia$1.54B-14%+14%13%10.1×n/an/a
Paradeep Phosphates PARADEEP.NSIndia$1.57B+12%+31%7%17.6×n/an/a
China XLX Fertiliser 1866.HKHong Kong$1.51B-27%+24%8%6.7×n/an/a
Bayer Cropscience India BAYERCROP.NSIndia$1.58B-28%-5%15%19.5×16.1%+5.9%
Hubei Yihua Chemical Industry 000422.SZChina$1.60B-42%+15%5%15.2×n/an/a
Atul ATUL.NSIndia$1.63B-26%+18%12%19.7×18.2%+11.0%
Tata Chemicals TATACHEM.NSIndia$1.64B-25%+2%3%85.9×n/an/a
Shenzhen Batian Ecological Technique 002170.SZChina$1.44B-29%+3%23%7.1×-8.1%+18.8%
Holitech Technology 002217.SZChina$1.41B-58%+17%2%n/a45.7%-37.1%
Huapont Life Sciences 002004.SZChina$1.39B-5%-6%11%n/a-8.7%+1.1%
Sumitomo Chemical India SUMICHEM.NSIndia$1.74B-34%-3%18%28.1×23.4%+4.1%
Zhejiang Xinan Chemical Industrial 600596.SSChina$1.75B-31%+5%2%22.9×12.4%+3.1%
Lier Chemical 002258.SZChina$1.85B+20%+6%8%21.0×n/an/a
Jiang Su Suyan Jingshen 603299.SSChina$1.28B-18%-5%5%25.9×n/an/a
Stanley Agricultural 002588.SZChina$1.27B-33%+3%8%8.8×n/an/a
Shenzhen Noposion Crop Science 002215.SZChina$1.25B-23%+12%13%9.3×-3.9%+6.9%
Sichuan Development Lomon 002312.SZChina$1.93B-36%+5%6%35.0×8.2%+14.0%
E.I.D.-Parry (India) EIDPARRY.NSIndia$1.21B-24%+16%7%11.4×n/an/a
Taiwan Fertilizer 1722.TWTaiwan$1.18B-15%+4%-16%13.7×0.0%+3.5%
CAC Nantong Chemical 301665.SZChina$1.17B-26%+27%13%15.8×-1.7%+11.9%
CVR Partners, LP UANUnited States$1.16B-13%+7%21%7.4×-10.5%+11.6%

Questions

Who are Deepak Fertilisers and Petrochemicals's main competitors?
Named competitors: Chambal Fertilisers & Chemicals (CHAMBLFERT.NS), Coromandel International (COROMANDEL.NS), Gujarat State Fertilizers & Chemicals (GSFC.NS). The cockpit's measured peer set (industry) also includes Paradeep Phosphates (PARADEEP.NS), China XLX Fertiliser (1866.HK), Bayer Cropscience India (BAYERCROP.NS), Hubei Yihua Chemical Industry (000422.SZ), Atul (ATUL.NS), Tata Chemicals (TATACHEM.NS).
Is Deepak Fertilisers and Petrochemicals expensive compared with its peers?
On forward p/e it trades at 10.1× against a peer median of 16.7×, 6th cheapest of 19 in its peer set.
How has Deepak Fertilisers and Petrochemicals stock performed?
Over six months to 6 Nov 2026 the shares returned -13.7% against -25.7% for the median peer; over one year -22.3%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.