Deepak Fertilisers and Petrochemicals Corporation Ltd (DFPCL) is one of the leading producers of fertilisers and industrial chemicals. The company was established in 1979 as an Ammonia manufacturer. The company was listed on the Bombay Stock Exchange in 1982 after an Initial Public Offering (IPO). In 1985, Deepak Fertilizers & Petrochemicals Corp Ltd received a letter of intent to manufacture 75,000 tonnes of dilute nitric acid, 33,000 tonnes of concentrated nitric acid and 36,000 tonnes of low-density prilled ammonium nitrate. The company established a new nitric acid plant with an annual capacity of 1 lakh tonnes at Taloja in Maharashtra in 2000. Deepak Fertilizers & Petrochemicals Corp Ltd entered into a license agreement and related contracts with Aker Kvaerner Inc., Houston, USA, for the manufacturing of 70,000 MT per annum Isopropyl Alcohol (IPA) at the plant at Taloja, Mumbai, in 2004. In 2016, it deployed a state-of-the-art manufacturing facility with an investment of ₹550 crore. Smartchem Technologies Limited invested  ₹2,200 crore in its Global Scale Technical Ammonium Nitrate Plant in Gopalpur, Odisha in 2022. In 2021, Deepak Fertilizers & Petrochemicals Corp Ltd received the Digital Technology Senate Award, which the Indian Express Group organised. The company won the Best Employer Brand Award by the World HRD Congress.

Business Segments

• Industrial Chemicals: Deepak Fertilizers & Petrochemicals Corp Ltd is a leading manufacturer of industrial chemicals in India. It specialises in manufacturing high-quality chemicals that surpass domestic and international quality standards. The company manufactures chemicals such as Isopropyl Alcohol (IPA), Nitric Acid, Methanol, and Liquid Carbon Dioxide.
• Technical Ammonium Nitrate: The company is one of the world's leading manufacturers of Technical Ammonium Nitrate and the only producer of explosive grade Low-Density Porous Prilled Ammonium Nitrate (LDAN) in India.
• Crop Nutrition Products: Deepak Fertilizers & Petrochemicals Corp Ltd is one of India's leading NPK manufacturers and speciality fertilisers. It manufactures high-quality NPK, speciality and water-soluble fertilisers under its flagship brand, Mahadhan.
• Creaticity: It is India’s first and largest destination for Home & Interiors and Food & Beverage, spread across 10 acres.

Subsidiaries: As of March 31, 2023, the company had 11 subsidiary companies, and a few of them are listed below:

• Mahadhan AgriTech Ltd.: It is a wholly-owned subsidiary of Deepak Fertilizers & Petrochemicals Corp Ltd. It was formerly known as Smartchem Technologies Limited, and it is engaged in manufacturing Technical Grade Ammonium Nitrate and manufacturing and trading fertilisers.
• Platinum Blasting Services Pty. Limited, Australia: It is a joint venture (JV) between wholly-owned subsidiary Mahadhan AgriTech Ltd. (MAL) and local Australian partners that have vast experience in providing value-added blasting services and operational expertise to mining and explosives industries in Australia.

Key Personnel

Mr. Sailesh C. Mehta, Chairman & Managing Director Mr Mehta joined Deepak Fertilisers & Petrochemicals Corporation Limited (DFPCL) as Managing Director in 2002 and was appointed Chairman in 2012. Under his able leadership, it has grown as one of the world’s top five manufacturers of Technical Ammonium Nitrate, Asia’s leading manufacturer of Nitric Acid and a domestic market leader in speciality fertilisers and crop nutrients.

Management  Outlook

• The company is optimistic about demand for industrial chemicals across the major customer segments like Pharma, Agro, Food, Specialty Chemicals, etc.
• Deepak Fertilizers & Petrochemicals Corp Ltd believes that the margins will likely be stable with robust demand prospects and stability in key raw material pricing.

SWOT Analysis

Strengths

• Well-established and trusted brand among its end users across business segments.
• Robust dealer network and loyal customer base across market segments in India.

Weaknesses

• Dependence on imported raw materials like Phosphoric Acid, Potash and Ammonium Sulphate.
• Working capital-intensive business with dependence on Government subsidy.

Opportunities

• Strengthening of market position through diversification and expansion projects.
• Focus on digital opportunities to better connect with end consumers via social media and mobile applications.

Threats

• Trade tensions led by the ongoing Russia-Ukraine war and geopolitical issues.
• Abrupt regulatory interventions and policy change.