DEEPAKNTR

Deepak Nitrite posted 10% YoY revenue growth in Q1 FY26, supported by basic chemicals and fine specialty segments. The company’s backward integration projects are enhancing margins, which stood at 21%. With capacity expansions underway, earnings visibility is improving. At ~26x FY26 EPS, valuations are moderate. Deepak Nitrite remains a solid chemical play with sustainable growth levers.