Chemicals · DN
Chemicals - Inorganic
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Deepak Nitrite reported a record performance in 1QFY27 with revenue, EBITDA and PAT reaching all-time highs, supported by improving demand and operating leverage. We maintain our BUY rating with a revised price target of Rs 2,061.
Deepak Nitrite reported a strong operating performance on a low base, with EBITDA surging 2.8x YoY to INR5.4b, led by growth in the Phenolic and Advanced Intermediates segments. While near-term industry headwinds may continue, we factor in the better-than-expected margin and reiterate our Sell rating with a target price of INR1,500.
Deepak Nitrite reported strong Q1FY27 performance driven by improved phenol-acetone spreads and volume growth. However, with global phenol overcapacity remaining a structural concern and spreads moderating, we maintain our 'REDUCE' rating at a target price of INR1,586.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
