About Deepak Nitrite Limited (DNL)

Deepak Nitrite Limited (DNL) is one of India’s leading manufacturers of Advanced Intermediates and Phenolics, with a five-decade legacy in chemical manufacturing and innovation. Its portfolio covers Sodium Nitrite, Phenol, Acetone, Isopropyl Alcohol (IPA), Xylidines, Oximes, Toluidines, Cumidines and more, serving pharmaceuticals, agrochemicals, dyes, pigments, paints, laminates, plywood and other critical sectors. The Group offers 34+ products across 56+ applications, exporting to 50+ countries from seven modern facilities across five locations. In FY 2024-25, consolidated revenue stood at ₹8,282 crores.

The company is anchored in scale, integration and cost leadership. It is the largest Indian producer of Phenol, Acetone, IPA and Sodium Nitrite, and ranks among the top three globally for Xylidines and Oximes. Its global presence is supported by Deepak Nitrite Corporation Inc. (USA). Headquarters is in Vadodara, with manufacturing at Nandesari, Dahej (Gujarat), Taloja, Roha (Maharashtra), Hyderabad (Telangana) and Savli (Gujarat). Deepak Oman Industries (SFZ) LLC in Salalah Free Zone is an upcoming facility.

The Group operates under the Deepak brand through four entities: Deepak Nitrite Limited (DNL), Deepak Phenolics Limited (DPL), Deepak Chem Tech Limited (DCTL) and Deepak Advanced Materials Limited (DAML). As of March 31, 2025, credit ratings were ICRA AA+ (Positive) long-term and ICRA A1+ short-term; market capitalisation was ₹27,043 crores.

Deepak Nitrite Limited’s Business Segments

• Advanced Intermediates: Includes Nitrites, Nitro Toluidines, Xylidines, Oximes, Cumidines, agrochemicals, optical brightening agents (OBA), DASDA and Benzotrifluoride. End-use spans colourants, dyes, rubber, paper, agrochemicals, pharma, personal care, water treatment, textiles, explosives and fuel additives. FY 2024-25 revenue: ₹2,526 crores; EBIT: ₹176 crores.

• Phenolics: Covers Cumene, Phenol, Acetone, IPA and Alpha Methyl Styrene (AMS), serving laminates, automotive, construction, pharma, adhesives, rubber, chemicals and paints. FY 2024-25 revenue: ₹5,805 crores; EBIT: ₹783 crores (13% margin).

Deepak Nitrite Limited’s Revenue by Geography

• Domestic revenue was ₹6,922.70 crores (84%); exports ₹1,359.23 crores (16%).

Deepak Nitrite Limited Key Management

• Deepak C. Mehta, Chairman & Managing Director – strategy and governance.

• Maulik Mehta, Executive Director & CEO – execution and operations.

• Sanjay Upadhyay, Director-Finance & Group CFO – financial strategy and capital allocation.

Latest Updates on Deepak Nitrite Limited (DNL)

• Growth investments: Announced ₹8,500-crore capex for Phenol–Acetone, IPA, Polycarbonate (PC) resin and compounding projects; plus ₹10,000 crores over 4–5 years for advanced facilities, mainly at Dahej.

• New platforms: DCTL to launch PC resins (165,000 MT capacity) with Trinseo affiliates; DAML entered PC compounding at Manjusar, Savli.

• Feedstock security: DPL signed long-term contracts with Petronet LNG for 250,000 MTPA Propylene and 11,000 TPA Hydrogen.

• International expansion: Deepak Oman Industries developing a greenfield Sodium Nitrite/Nitrate facility in Salalah Free Zone; DNL provided a deed of guarantee for a USD 49 million term loan.

• R&D: New ₹100-crore R&D centre near Vadodara to accelerate speciality portfolio growth.

• Operational milestones: Record output across Phenol, Acetone, AMS, Cumene and IPA; average utilisation exceeded 165% (Phenol), 172% (Cumene) and 134% (IPA), with 5% lower energy use than FY 2023-24.

• Financials: FY 2024-25 consolidated revenue ₹8,282 crores, EBITDA ₹1,176 crores, PAT ₹697 crores. Final dividend ₹7.50/share (375% of face value).