DEEPAKFRTLSRSANDPTRCHMCL / Q3-FY26 / claim-ledger

Audit the questions that mattered.

Deepakfrtlsrsandptrchmcl · Analyst questions, management answers, and the quality of the response where the ledger is available.

Research layer active

ConCallIQ research layer

Signal, with the source still visible.

Use the controls below to narrow the view, then follow the evidence into the next layer of context.

NegativeQ3-FY26 · 2026-02-10Back to quarter ↗

Questions audited

Answered directly

73%

Numeric claims

Consistency

mixed

Question ledger

What was answered, and how?

Nirj Mana · White Pine Investment

partial

Impact of new TAN and ammonia projects on India demand-supply and savings from LNG contract.

demand growth in India for tan products is likely to be in the range of 6% CAGR over next 5-6 years... imports close to 4 lakh tons will slowly reduce... break even currently around 430-440 will come down substantially... double digit reduction in percent terms

Shabbam Tasman · Asid Kotija family office

direct

Reason behind IPA price volatility and outlook for the full year.

price reduction in this year is almost around 22-23%... driven by softer prices of acetone and imports... we don't see immediate quick turnaround of IPA prices happening in a quarter or two

Shabbam Tasman · Asid Kotija family office

evasive

Customer concentration risk in TAN business.

we don't share customer wise profiling of tan business... our market share is almost around 40%... any customer you talk about in tan business we are supplying to them

Pratush Kamill · Ingred Equities

partial

Impact of Chinese exports and new domestic capacity on TAN demand-supply.

need to see industry with longer horizon... coal demand will grow 4-5%... additional capacity ramp-up takes time... India may still be short supply... export quota may get removed eventually

Pratush Kamill · Ingred Equities

direct

Margin pressure in IPA due to cheaper acetone route and price decline.

IPA prices broadly now at a level where it's flat for some time... cycle need to turn... will take some time... we ourselves are not saying IPA is getting corrected in one quarter

Kushal Sha · Rachel Investor

direct

Strategy behind explosive manufacturer acquisition and DMSL demerger update.

we have not yet acquired the company... signed an agreement... purpose is to produce differentiated value adding products... demerger happened last year... listing timing yet to be decided

Churak · keynote capitals

direct

Reason for margin dip in fertilizer segment despite stable volume and higher realization.

raw material cost increases not compensated by subsidy... mix changed due to delayed rains... restricted ability to push value added products

Churak · keynote capitals

direct

Reason for IPA plant shutdown and impact of ammonia price increase on margins.

annual planned maintenance... ammonia price increases get passed on with time lag... tan standalone margin impacted but combined with ammonia margin was same

Mkta Chandani · Aryan Capital

evasive

Long-term target for B2C revenue share in mining chemicals.

downstream business of DMSL... growing in its own way... in absolute numbers it will be growing in line with market growth... acquisition in explosive is part of downstream journey

Shil Kumar Sha · Samia Capital

partial

Drivers of increased trading revenue in fertilizer business and margin profile.

focus is to grow specialty and crop focus business... trading route to fulfill demand... specialty products have elevated margin profile... we maintain right margin profile even with trading

Dave Mata · individual investor

direct

Forward integration into explosives and competition with existing players.

our business model is likely to be quite different... offering will be more outcome based, solution based rather than product sale based

Dave Mata · individual investor

partial

Reason for change in ammonia break-even from $350 to $430-450.

gas prices and GST reduction impact... incentive benefit itself from 9% to 2.5% is sizable... with new contract we see substantial gas price reduction bringing break-even down in double digit percentage