Sustained softness in IPA pricing
IPA prices have corrected ~22-23% YoY due to weak acetone prices and imports; management expects muted sentiment to continue for at least a couple of quarters.
high · management_commentaryDeepakfrtlsrsandptrchmcl Ltd — Q3 FY26
Deepak Fertilizers reported a challenging Q3 FY26 with consolidated revenue of ₹2,830 crore (+10% YoY) but EBITDA fell 27% YoY to ₹353 crore and PAT dropped 34% to ₹141 crore.
bearish
high
Financial stats pending filing verification
Risk Intelligence
Material risks this quarter
Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.
Risks
Increased competition from new TAN capacity
Analyst raised concern about 500 KTPA additional TAN capacity from Chambal and GNFC by FY27-28, which could create supply glut and pressure margins.
medium · analyst_questionNitric acid pricing pressure from imports
Excess imports and dumping from abroad have kept nitric acid prices under pressure, though management views this as a short-term phenomenon.
medium · management_commentary