Whalesbook
Toh asal mein kya hua? Company ne EBITDA ko 18.8% bada kar ₹376 crore tak pahunchaya. Isse unke EBITDA margins bhi 14.5% se jump kar 17.7% ho gaye. Matlab, company andar se zyada efficient ho gayi hai ya phir prices achhe mil rahe hain.
Lekin ye sab hua tab, jab company ka revenue ₹2,179.7 crore se 2.7% gir kar ₹2,120.3 crore pe aa gaya. Ye thoda concerning hai, lagta hai market mein demand thodi kam hai ya competition tight hai.
Shareholders ke liye good news yeh hai ki board ne ₹7.50 per share ka final dividend propose kiya hai, jo 375% hai.
Is sabke baad bhi, stock market mein stock 1.41% neeche band hua tha ₹1,812.15 pe. Lagta hai investors ko revenue mein hui kami thodi chubh gayi.
Company ki market cap lagbhag ₹25,000 crore hai aur TTM P/E ratio 47 ke aas-paas hai, jo industry average 41.12 se thoda upar hai. Ye Aarti Industries (44.57) aur SRF Ltd. (40.2) ke same level pe hai, par Atul Ltd. (31.2) se zyada aur Navin Fluorine International (58.47) se kam.
Pichhle ek saal mein Deepak Nitrite ka stock S&P BSE 100 Index se 3.32% peeche raha hai aur S&P 500 se toh 34.11% worse perform kiya hai.
Dekho, chemical sector mein abhi thoda mix hai. Input costs badh rahe hain, supply chain issues hain, aur China se bhi competition hai. Par global companies jab China se hat rahi hain, toh India ke liye opportunities hain. Phenol aur acetone ke prices bhi badh rahe hain, jo positive hai. Company ne Gujarat mein naya nitric acid plant bhi shuru kiya hai ₹515 crore laga kar.
Analyst log thode cautious hain revenue drop ki wajah se. Unka kehna hai ki agar sales aise hi rahi toh high growth expectations manage karna mushkil hoga. Zyada tar analysts 'Hold' rating de rahe hain, aur kaiyon ka average target price ₹1,643.50 ke aas-paas hai, jo current ₹1,812.15 se kam hai. Ek cheez notice karne wali hai ki jab revenue badhta hai tab profit girta hai (FY25 mein), aur jab profit badhta hai toh revenue kam hota hai (FY26 mein). Matlab company margin management pe zyada focus kar rahi hai.
Company ke paas future mein kaafi projects hain jaise CNA, WNA, Hydrogenation, Nitration, aur R&D centre Q2 FY26 mein start hoga. MIBK aur MIBC Q3 FY26 mein aayenge. Company 60-70% renewable energy use karne ka bhi plan kar rahi hai. Aur haan, debt-to-equity ratio 0.23 hai, matlab balance sheet ekdum strong hai.