{"id":128931,"date":"2022-05-06T04:20:16","date_gmt":"2022-05-06T08:20:16","guid":{"rendered":"https:\/\/44.250.171.167\/?p=128931"},"modified":"2022-10-06T03:27:40","modified_gmt":"2022-10-06T07:27:40","slug":"deepak-nitrite-limited-q4-fy22-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/deepak-nitrite-limited-q4-fy22-earnings-conference-call-insights\/","title":{"rendered":"Deepak Nitrite Limited Q4 FY22 Earnings Conference Call Insights"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"Deepak Nitrite Limited Q4 FY22 Earnings Concall\" width=\"500\" height=\"375\" src=\"https:\/\/www.youtube.com\/embed\/TAB6P1oK1Z8?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><strong>Key highlights from Deepak Nitrite Limited (<a href=\"https:\/\/44.250.171.167\/symbol\/DEEPAKNTR\/\">DEEPAKNTR<\/a>) Q4 FY22 Earnings Concall<\/strong><\/p>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>Naresh Vaswani of Sameeksha Capital asked about the capex of INR1,500 crores, the revenue expected to be generated out of this and the timeline. Maulik Mehta ED replied that capex is spanning across products that are into the lifesciences space from DEEPAKNTR downstream as well as Deepak Phenolics. The schedule is on track.<\/li>\n<\/ul>\n<ul>\n<li>Naresh Vaswani of Sameeksha Capital also asked about the steps the company has taken internally to mitigate the current environment. Maulik Mehta ED said that to manage the short and medium term supply chain, the company is working with key suppliers not only in India but worldwide to ensure that supplies are coming in indexed linked pricing with volume commitments coming from DEEPKNTR to leverage cash flows.<\/li>\n<\/ul>\n<ul>\n<li>Andrey Purushottam from Cogito Advisors asked about the profit growth lagging the revenue growth and when it\u2019s likely to reverse. Sanjay Upadhyay CFO replied that today the company is operating in such a volatile situation that to give an indication is very difficult.<\/li>\n<\/ul>\n<ul>\n<li>Rohit Nagraj with Emkay Global asked about the demand environment. Maulik Mehta ED replied that in general the demand is good. But couple of products customers are unwilling to give long term visibility. However, Europe is becoming more resilient than it was. But customers are not in a position to give the level of confidence and commitment.<\/li>\n<\/ul>\n<ul>\n<li>Rohit Nagraj with Emkay Global enquired about any inorganic initiatives as expansion plans. Sanjay Upadhyay CFO replied that the company is not averse of any inorganic growth. In fact it works faster if a good opportunity comes. Greenfiled projects always takes time.<\/li>\n<\/ul>\n<ul>\n<li>Deepak Saha asked about performance products and the levers contributing higher to the overall revenue. Maulik Mehta ED replied that right now the company doesn\u2019t expect the same kind of margins. As a percentage, however, DEEPAKNTR is increasingly looking at a higher base.<\/li>\n<\/ul>\n<ul>\n<li>Naushad Chaudhary from Aditya Birla asked about the normalizing margins of Phenolics and if there is any scope for improvement going forward. Maulik Mehta ED answered that there are opportunities to improve and in this case most of it comes from further tweaking the company\u2019s operational excellence. Also, phenol as a business, demand for the product is good and strong, but RM price is challenging.<\/li>\n<\/ul>\n<ul>\n<li>Naushad Chaudhary from Aditya Birla also asked that with the existing capital deployed to the Phenolics business if the company can do INR200-250 crore of quarterly EBIT business. Sanjay Upadhyay CFO replied there is not control over raw material pricing, so the company cannot answer some questions which are beyond anybody\u2019s control.<\/li>\n<\/ul>\n<ul>\n<li>Balkrishna asked if any of the company\u2019s products have application in making batteries used in e-mobility. Maulik Mehta ED replied that it\u2019s not there. But this industry, which is nascent in India, has a lot of utilization or processes which DEEPAKNTR is very competent in like hydrogen reduction, nitration and fluorination.<\/li>\n<\/ul>\n<ul>\n<li>Balkrishna also asked about epoxy, \u00a0how much impact the government infrastructure spend could have on the demand of DEEPAKNTR products. Maulik Mehta ED said that the company\u2019s downstreams will have a direct interface with these products. So once the company is close enough to commissioning or post commissioning, it would be reasonable to answer.<\/li>\n<\/ul>\n<ul>\n<li>Samir Palod of AUM Fund Advisors enquired that given a net debt free balance sheet, why would the company consider a QIP. Maulik Mehta ED replied that the company has plans with QIPs. Of course the balance sheet is strong but no harm in making it stronger.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Deepak Nitrite Limited (DEEPAKNTR) Q4 FY22 Earnings Concall Q&amp;A Highlights: Naresh Vaswani of Sameeksha Capital asked about the capex of INR1,500 crores, the revenue expected to be generated out of this and the timeline. Maulik Mehta ED replied that capex is spanning across products that are into the lifesciences space from DEEPAKNTR [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392,5753],"tags":[8519,9019],"class_list":["post-128931","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-industrials","tag-chemicals","tag-specialty-chemicals"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":132941,"url":"https:\/\/alphastreet.com\/india\/deepak-nitrite-limited-q1-fy23-earnings-conference-call-insights\/","url_meta":{"origin":128931,"position":0},"title":"Deepak Nitrite Limited Q1 FY23 Earnings Conference Call Insights","author":"Praveen","date":"August 11, 2022","format":false,"excerpt":"https:\/\/youtu.be\/krErJUJ_nho Key highlights from Deepak Nitrite Limited (DEEPAKNTR) Q1 FY23 Earnings Concall Management Update: DEEPAKNTR said that the company is increasing its capacity for in-house waste treatment and is expected to result in a decrease in its footprint. The company added that this would be increasing its ability to backward\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":136562,"url":"https:\/\/alphastreet.com\/india\/deepak-nitrite-limited-q2-fy23-earnings-conference-call-insights\/","url_meta":{"origin":128931,"position":1},"title":"Deepak Nitrite Limited Q2 FY23 Earnings Conference Call Insights","author":"Praveen","date":"November 11, 2022","format":false,"excerpt":"Key highlights from Deepak Nitrite Limited (DEEPAKNTR) Q2 FY23 Earnings Concall Q&A Highlights: [00:18:03] Nirav Jimudia from Anvil Research asked that based on the greenfield and brownfield expansions announced, what number of years would it take for sales doubling. Maulik Mehta CEO replied that same trajectory of revenue growth may\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":140958,"url":"https:\/\/alphastreet.com\/india\/deepak-nitrite-limited-q3-fy23-earnings-conference-call-insights\/","url_meta":{"origin":128931,"position":2},"title":"Deepak Nitrite Limited Q3 FY23 Earnings Conference Call Insights","author":"Praveen","date":"February 10, 2023","format":false,"excerpt":"Key highlights from Deepak Nitrite Limited (DEEPAKNTR) Q3 FY23 Earnings Concall Q&A Highlights: [00:17:26] Nirav Jimudia from Anvil Research asked about the rationale behind backward integration in fluorination space. Maulik Mehta CEO said that the capacities DEEPAKNTR is developing will cover all of its current and future requirements, and there\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":126858,"url":"https:\/\/alphastreet.com\/india\/deepak-nitrite-limited-q3-fy22-earnings-conference-call-insights\/","url_meta":{"origin":128931,"position":3},"title":"Deepak Nitrite Limited Q3 FY22 Earnings Conference Call Insights","author":"Praveen","date":"January 28, 2022","format":false,"excerpt":"https:\/\/www.youtube.com\/watch?v=yzKyTRXFzjo Key highlights from Deepak Nitrite Limited (DEEPAKNTR) Q3 FY22 Earnings Concall Management Update: The company reported that it achieved its highest ever quarterly topline performance, both on a standalone and a consolidated basis. 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The company's manufacturing facilities are located in Nandesari and Dahej in Gujarat,\u00a0roha and Taloja\u00a0in Maharashtra and Hyderabad in Telangana. Deepak Nitrite manufactures a wide range of chemical products including agrochemicals, dyes, rubbers, pharmaceuticals, specialty chemicals and fine chemicals. 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