Being a market leader with market share across all sectors and various initiatives (capex, product differentiation, product plus solution approach) undertaken by the company, Deepak Fertilizers & Petrochemicals Corporation (DFPCL) has positioned itself to ride India’s growth story. To prepare for the future, highlighted the brokerage Anand Rathi.
The brokerage has started its coverage on the shares of Deepak Fertilizers with a Buy Rating with a target price of 810 per share. multibagger stock Over a one-year period, it is up over 160%, while the counter is up 70% so far in 2022 (YTD).
“The company has taken various initiatives which include transforming from commodity to specialty product player, backward integration in the value chain, product plus solution approach, which are starting to show results. Commencement of capital expenditure during FY 24 and FY 2015 will result in further profit for the company with margin expansion and increase in topline,” the note said.
Deepak Fertilizer works on its laid down principle of transforming from commodity to specialty product player, backward integration in the value chain, product plus solution approach, which has started yielding good results for the company in the form of better margins. Anand Rathi said commissioning of ongoing capital expenditure during FY24 and FY25 will help the company further strengthen its margins and gain market share.
Deepak Fertilizers and Petrochemicals Corporation Limited (DFPCL) is one of the leading producers of fertilizers and industrial chemicals in India. Established in 1979 as an ammonia manufacturer, DFPCL is today a multi-product Indian conglomerate whose product portfolio includes Industrial Chemicals, Bulk and Specialty Fertilizers, Agricultural Diagnostics and Solutions, Technical Ammonium Nitrate and Value Added Real Estate.
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