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Mint
15-07-2025
- Business
- Mint
Recommended stocks to buy today, 15 July, by India's leading market experts
Tracing a bearish trend throughout Monday's trading hours, the Nifty 50 opened at 25,149.50 points, nearly unchanged from Friday's closing of 25,149.85, before falling to as low as 25,001.95 during the day. The BSE Sensex opened at 82,537.87 and dropped to as low as 82,010.38. On to stock picks for Tuesday, 15 July, as recommended by some of India's leading market experts. Two stocks to buy today, recommended by Trade Brains Portal Why Deepak Nitrite is recommended: Founded in 1970, Deepak Nitrite Ltd is a prominent producer of chemical intermediates, offering a wide range of goods to the agrochemical, pharmaceutical, plastics, textile, paper, and home personal care industries in India and overseas, including phenolics, acetone, dyes & pigments, and IPA. The company sells its products to over 45 countries on six continents through eight manufacturing facilities spread across five key locations and two project sites presently under construction. The company has more than 1,000 customers, more than 34 products, and more than 56 applications as of FY25. The company has reported resilient performance in FY25 with a total-transport-systems-share-price-nse-bse-s0004808"> total income of ₹8,365.79 crore, up by 8% from ₹7,757.93 crore in the previous year. EBITDA stood at ₹1,176 crore with an EBITDA margin of 14.2%. With several new steps into increasing innovation, by Q2 of FY26, the company hopes to have its new, top-notch R&D unit in Savli, Vadodara, operational after investing between ₹100 and ₹115 crore. The company anticipates commissioning the downstream acetone derivatives, MIBK and MIBC, by the second part of FY26. To promote digitalization throughout the company, DNL has deployed the SAP S4 HANA ERP system in addition to a number of other innovative technological platforms. Looking forward, the company is anticipated to spend between ₹1,200 and ₹1,500 crore on cash capital expenditures in FY26. In sectors like polycarbonate and nitric acid, the investments are in line with well-coordinated strategies that incorporate both forward and backward integration. Additionally, its subsidiary Deepak Chemical Tech Ltd is prepared to invest ₹14,000 crore over the next three to four years in the production of innovative chemicals for the materials industry, thanks to strong relationships with the Gujarat government. Additionally, DNL is developing new platforms for fluorination, cyanation, and other processes as it ventures into new product frontiers such as chemicals, bisphenol A, polycarbonate, and MMA. In addition to high-impact industrial solvents and energy applications, the new products will cater to consumers in the pharmaceutical and personal care sectors. The CNA & WNA factory for nitric acid is one of four projects the business plans to commission in Q2 FY26. These initiatives will improve upstream integration, reduce costs, raise sustainability, and expand value chain participation. Risk factor: Large capital investment projects, such as capacity expansions and new product lines, are being undertaken by Deepak Nitrite. These projects' size and complexity put the business at risk for execution issues like delays, overspending, and integration problems. Furthermore, China's excess supply and poor demand have resulted in persistent pricing pressure on Deepak Nitrite, especially in agrochemical intermediates. Lower sales realizations and decreased profitability are the results of this. Pressure has been placed on the industry by recent rises in US tariffs on Indian chemical imports, which went from 3.5% to 27%. Why Titan Co. is recommended: Established in 1984 as a joint venture between the Tata Group and Tamil Nadu Industrial Development Corporation (TIDCO), Titan Company Ltd. has remained a frontrunner in the lifestyle industry, building a strong and diverse portfolio of iconic brands across watches & wearables, eye care, fragrances & women's bags, and Indian dresswear. The company's physical footprints are spread across 435 towns with 3,312 stores comprising 47 lakh sq. ft of retail area, and it has 11 manufacturing and assembly facilities across the country. The company crossed ₹50,000 crore in revenues. For the full year FY25, the company reported revenue from operations of ₹60,456 crore, which grew 18.34% over FY24. The EBIT grew 5% to ₹5,488 crore, and the PBT declined by 2% to ₹4,535 crore, mainly due to the impact of customs duty reduction on gold during the year. The analog watch business continued its strong growth trajectory by product innovation, whereas the eyecare business has returned to the double-digit growth trajectory in the third and fourth quarters of Financial Year 2024-25 and is poised for even better growth in Financial Year 2025-26. Going forward, the company plans to open 40-50 new stores in Tanishq and is looking at renovating or relocating 50-60 existing stores in the next 18 months. Their jewellery division has tied up with international diamond supplier De Beers to jointly educate customers, co-promote Tanishq Diamonds, and reduce confusion amongst customers between natural and lab-grown/synthetic diamonds. The company is targeting revenue growth of 15-20% this year and plans toscale the international business to $300 million in revenue in FY26. Risk factor: The jewelry sales are influenced by seasonal factors such as festivals and auspicious days; also, fluctuations in gold prices directly affect consumer demand, working capital requirements, and profitability. Moreover, the Indian jewelry retail industry is highly fragmented, with significant competition from both organized and unorganized players. Increased competition can impact Titan's market share and margins, despite its strong brand equity. Three stocks recommended by NeoTrader's Raja Venkatraman Buy at current market price, and dips to ₹369 | Stop: ₹360 | Target: ₹405-420 Why Grm Overseas is recommended: GRM Overseas is primarily involved in milling, processing, and marketing basmati rice, both domestically and internationally. Strong demand recovery in the food sector segment supports price stability and growth potential. The charts indicate a steady upward bias after some consolidation hinting at higher levels. Key metrics Buy at current market price, and dips to ₹1,920 | Stop: ₹1,890 | Target: ₹2,150-2,200 Why Cartrade is recommended: Signs of reversal from oversold zones signal potential upside. Demand at lower levels showcases optimism for recovery in coming sessions. The sharp breakout with volumes forming long body candles in the last 3 trading sessions highlight strong upside potential. Key metrics Technical analysis: Support at ₹1,800; resistance at ₹2,300 Risk factors: Broader downward trend in the stock market, particularly impacting midcap IT software companies and revenue growth Buy at: CMP and dips to ₹1,920 Target price: ₹2,150-2,200 in 1 month Stop-loss: ₹1,890 Buy at current market price, and at dips to ₹140 | Stop: ₹135 | Target: ₹165-170 Why Navneet Education is recommended: Gradual accumulation at critical support levels highlights strong investor interest, supported by consistent growth in revenue. The prices have firmly closed above the Ichimoku Bands with a long body candle highlighting the bullish interest. With volumes picking up supported by an increasing momentum can be a potential buy candidate. Key metrics Technical analysis: Support at ₹135; resistance at ₹155 Risk factors: Reliance on syllabus changes for publication revenue, geographical concentration in Maharashtra and Gujarat, and competition in the stationery market Buy at: CMP and dips to ₹140 Target price: ₹165-170 in 1 month Stop-loss: ₹135 Two stock recommendations by MarketSmith India Stop loss: ₹ 778 Trade Brains Portal is a stock analysis platform. Its trade name is Dailyraven Technologies Pvt. Ltd, and its Sebi-registered research analyst registration number is INH000015729. Raja Venkatraman is the co-founder of NeoTrader. His Sebi-registered research analyst registration no. is INH000016223. MarketSmith India is a stock research platform and advisory service focused on the Indian stock market. Its trade name is William O'Neil India Pvt. Ltd, and its Sebi registration number is INH000015543. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
15-07-2025
- Business
- Mint
Stocks to buy today: Trade Brains Portal recommends two stocks for 15 July
Today, we recommend two stocks, one from the consumer durables sector and another from the chemical consumer durables sector is a vital part of the Indian economy, driven by rising disposable incomes, changing consumer preferences, and technological advancements,contributing significantly to its GDP and poised for substantial growth. The chemical industry is a vital sector in India, contributing significantly to the nation's GDP, manufacturing output, and exports. We also analyze the market's performance on Monday to understand what may lie ahead for the stock indices in the coming days. Two stocks to buy today, recommended by Trade Brains Portal Deepak Nitrite Ltd - Current price: ₹ 1,965 The company has reported resilient performance in FY25 with a total income of ₹8,365.79 crore, up by 8% from ₹7,757.93 crore in the previous year. EBITDA stood at ₹1,176 crore with an EBITDA margin of 14.2%. With several new steps into increasing innovation, by Q2 of FY26, the company hopes to have its new, top-notch R&D unit in Savli, Vadodara, operational after investing between ₹100 and ₹115 crore. The company anticipates commissioning the downstream acetone derivatives, MIBK and MIBC, by the second part of FY26. To promote digitalization throughout the company, DNL has deployed the SAP S4 HANA ERP system in addition to a number of other innovative technological platforms. Looking forward, the company is anticipated to spend between ₹1,200 and ₹1,500 crore on cash capital expenditures in FY26. In sectors like polycarbonate and nitric acid, the investments are in line with well-coordinated strategies that incorporate both forward and backward integration. Additionally, its subsidiary Deepak Chem Tech Limited is prepared to invest ₹14,000 crore over the next three to four years in the production of innovative chemicals for the materials industry, thanks to strong relationships with the Gujarat government. Additionally, DNL is developing new platforms for fluorination, cyanation, and other processes as it ventures into new product frontiers such as chemicals, bisphenol A, polycarbonate, and MMA. In addition to high-impact industrial solvents and energy applications, the new products will cater to consumers in the pharmaceutical and personal care sectors. The CNA & WNA factory for nitric acid is one of four projects the business plans to commission in Q2 FY26. These initiatives will improve upstream integration, reduce costs, raise sustainability, and expand value chain participation. Titan Company Ltd- Current price: ₹ 3,400 The company crossed ₹50,000 crore in revenues. For the full year FY25, the company reported revenue from operations of ₹60,456 crore, which grew 18.34% over FY24. The EBIT grew 5% to ₹5,488 crore, and the PBT declined by 2% to ₹4,535 crore, mainly due to the impact of customs duty reduction on gold during the year. The analog watch business continued its strong growth trajectory by product innovation, whereas the EyeCare business has returned to the double-digit growth trajectory in the third and fourth quarters of Financial Year 2024-25 and is poised for even better growth in Financial Year 2025-26. Going forward, the company plans to open 40-50 new stores in Tanishq and is looking at renovating or relocating 50-60 existing stores in the next 18 months. Their Jewellery Division has tied up with international diamond supplier De Beers to jointly educate customers, co-promote Tanishq Diamonds, and reduce confusion amongst customers between natural and lab-grown/synthetic diamonds. The company is targeting revenue growth of 15-20% this year and plans toscale the international business to $300 million in revenue in FY26. Market Recap Following a bearish trend throughout Monday's trading hours, the Indian markets opened at 25,149.50, unchanged from the previous day's closing of 25,149.85. The Nifty 50 fell as low as 25,001.95 during the day. Similar to this, the BSE Sensex opened at 82,537.87 and dropped as low as 82,010.38 during the day. With an RSI of 46.66, the Nifty 50 closed at 25,082.30, down 67.55 points, or 0.27%. It is still above the 50/100/200 in the daily time frame but below the 20-day EMA. In contrast, the BSE Sensex closed below the 20-day EMA but above the 50/100/200 in the daily time frame, finishing at 82,253.46, down -247.01 points, or -0.30%, with an RSI of 46.31. Sectoral indexes displayed mixed indications on Monday. One of the biggest gainers was the Nifty Realty index, which ended the day at 976.25, up 13.35 points, or 1.39%. Stocks such as Brigade Enterprises, Godrej Properties, and Sobha Ltd. increased by more than 2%. Nifty Media was also among the top gainers, which ended the day at 1,727.50, up 23.20 points, or 1.36%. Zee Entertainment, Dish TV, and Network 18 Media were among the stocks that had a 4% increase. With Neuland Laboratories up 18.27%, Piramal Enterprises up 6.23%, and Laurus Lab up 4.26%, the Nifty Smallcap 50 also increased by 1.14%, or 102.90 points, to conclude at 9,164.20. At 37,273.70, the Nifty IT index was one of the biggest losers, down −419.55 points, or −1.11%. Additionally, it has been declining steadily for the past three trading sessions, consistently dropping below the 20/50/100/200-day EMAs. The RSI suffered as well, dropping to a monthly low of 37.20. Tech Mahindra, Wipro, Infosys, and TCS were the index's biggest laggards, dropping more than 1% on Monday. On Monday, however, Asian markets displayed a bullish trend. Hong Kong's Hang Seng index closed at 24,203.32, up 0.26%, or 63.75 points. In addition, the Shanghai index of China increased 9.47 points, or 0.27%, to close at 3,519.65. The Kospi index for South Korea ended the day at 3202.03, up 0.82%, or 26.26 points. The Thailand SET composite closed at 1,143.31, up 22.18 points, or 1.94%. The Indonesian Jakarta Composite closed at 7,097.15 points, up 49.71 points, or 0.70%. Japan's Nikkei 225, meanwhile, closed at 39,459.62, down -110.06 points, or -0.28%. Dow Jones Futures fell -124.46 points, or -0.28%, to 44,247.05 on Monday in the United States. Trade Brains Portal is a stock analysis platform. Its trade name is Dailyraven Technologies Pvt. Ltd, and its Sebi-registered research analyst registration number is INH000015729. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
Economic Times
03-06-2025
- Business
- Economic Times
JM Financial retains Buy on Deepak Nitrite, keeps target price unchanged at Rs 2,305
Deepak Nitrite's key products/revenue segments include Fine Chemicals, Export Incentives, Scrap, Sale of services and Other Operating Revenue for the year ending 31-Mar-2024. Financials For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 2202.48 crore, up 14.45% from last quarter Total Income of Rs 1924.39 crore and up 2.66% from last year same quarter Total Income of Rs 2145.34 crore. The company has reported net profit after tax of Rs 202.50 crore in the latest quarter. The company's top management includes C Mehta, Asher, Sheth, Lalbhai, Shah, Samudra, Satarkar, Mehta, C Mehta, Upadhyay, D Mehta, Choksi. Company has Deloitte Haskins & Sells LLP as its auditors. As on 31-03-2025, the company has a total of 14 Crore shares outstanding. Live Events Investment Rationale Deepak Nitrite's 4QFY25 earnings print was significantly better than our and consensus expectations primarily on account of government incentives. The company will continue to receive these incentives on the existing phenol complex as well the upcoming polycarbonate complex. On the operational front, advanced intermediates (AI) performance showed sequential improvement. Going ahead, volume normalisation in the AI segment is likely from 2HFY26. Moreover, commissioning of backward integration capex in the AI segment (including nitric acid, photo chlorination) should help lift AI segment margins from 2QFY26, according to JM FInancial. On the phenolics side, benefits of MIBK/MIBC and acetophenone commissioning are likely to flow through from 3QFY26. Besides that, we are also factoring in some improvement in phenol-acetone spreads. There has been a delay in the commissioning of various projects. Hence, on overall basis, the brokerage's FY26-27 EPS estimates are revised downwards by ~1%. Since Deepak Nitrite has the potential to more than quadruple its EBITDA over thenext 5 years, JM Financial maintains their BUY rating on the name with an unchanged Mar?26 target price of Rs 2,305/share (based on 30x Mar?27E EPS). Promoter/FII Holdings Promoters held 49.28 per cent stake in the company as of 31-Mar-2025, while FIIs owned 6.64 per cent, DIIs 23.22 per cent. (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel JM Financial has maintained Buy call on Deepak Nitrite with a target price of Rs 2,305 (unchanged). The current market price of Deepak Nitrite is Rs 2027.75. The time period given by the analyst is a year when Deepak Nitrite price can reach the defined target. Deepak Nitrite, incorporated in 1970, is a Mid Cap company with a market cap of Rs 27650.96 crore, operating in Chemicals Nitrite's key products/revenue segments include Fine Chemicals, Export Incentives, Scrap, Sale of services and Other Operating Revenue for the year ending the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 2202.48 crore, up 14.45% from last quarter Total Income of Rs 1924.39 crore and up 2.66% from last year same quarter Total Income of Rs 2145.34 crore. The company has reported net profit after tax of Rs 202.50 crore in the latest company's top management includes C Mehta, Asher, Sheth, Lalbhai, Shah, Samudra, Satarkar, Mehta, C Mehta, Upadhyay, D Mehta, Choksi. Company has Deloitte Haskins & Sells LLP as its auditors. As on 31-03-2025, the company has a total of 14 Crore shares Nitrite's 4QFY25 earnings print was significantly better than our and consensus expectations primarily on account of government incentives. The company will continue to receive these incentives on the existing phenol complex as well the upcoming polycarbonate complex. On the operational front, advanced intermediates (AI) performance showed sequential improvement. Going ahead, volume normalisation in the AI segment is likely from 2HFY26. Moreover, commissioning of backward integration capex in the AI segment (including nitric acid, photo chlorination) should help lift AI segment margins from 2QFY26, according to JM FInancial. On the phenolics side, benefits of MIBK/MIBC and acetophenone commissioning are likely to flow through from 3QFY26. Besides that, we are also factoring in some improvement in phenol-acetone spreads. There has been a delay in the commissioning of various projects. Hence, on overall basis, the brokerage's FY26-27 EPS estimates are revised downwards by ~1%. Since Deepak Nitrite has the potential to more than quadruple its EBITDA over thenext 5 years, JM Financial maintains their BUY rating on the name with an unchanged Mar?26 target price of Rs 2,305/share (based on 30x Mar?27E EPS).Promoters held 49.28 per cent stake in the company as of 31-Mar-2025, while FIIs owned 6.64 per cent, DIIs 23.22 per cent. (Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
Time of India
03-06-2025
- Business
- Time of India
JM Financial retains Buy on Deepak Nitrite, keeps target price unchanged at Rs 2,305
Deepak Nitrite's key products/revenue segments include Fine Chemicals, Export Incentives, Scrap, Sale of services and Other Operating Revenue for the year ending 31-Mar-2024. Financials For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 2202.48 crore, up 14.45% from last quarter Total Income of Rs 1924.39 crore and up 2.66% from last year same quarter Total Income of Rs 2145.34 crore. The company has reported net profit after tax of Rs 202.50 crore in the latest quarter. The company's top management includes C Mehta, Asher, Sheth, Lalbhai, Shah, Samudra, Satarkar, Mehta, C Mehta, Upadhyay, D Mehta, Choksi. Company has Deloitte Haskins & Sells LLP as its auditors. As on 31-03-2025, the company has a total of 14 Crore shares outstanding. Live Events Investment Rationale Deepak Nitrite's 4QFY25 earnings print was significantly better than our and consensus expectations primarily on account of government incentives. The company will continue to receive these incentives on the existing phenol complex as well the upcoming polycarbonate complex. On the operational front, advanced intermediates (AI) performance showed sequential improvement. Going ahead, volume normalisation in the AI segment is likely from 2HFY26. Moreover, commissioning of backward integration capex in the AI segment (including nitric acid, photo chlorination) should help lift AI segment margins from 2QFY26, according to JM FInancial. On the phenolics side, benefits of MIBK/MIBC and acetophenone commissioning are likely to flow through from 3QFY26. Besides that, we are also factoring in some improvement in phenol-acetone spreads. There has been a delay in the commissioning of various projects. Hence, on overall basis, the brokerage's FY26-27 EPS estimates are revised downwards by ~1%. Since Deepak Nitrite has the potential to more than quadruple its EBITDA over thenext 5 years, JM Financial maintains their BUY rating on the name with an unchanged Mar?26 target price of Rs 2,305/share (based on 30x Mar?27E EPS). Promoter/FII Holdings Promoters held 49.28 per cent stake in the company as of 31-Mar-2025, while FIIs owned 6.64 per cent, DIIs 23.22 per cent. (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel JM Financial has maintained Buy call on Deepak Nitrite with a target price of Rs 2,305 (unchanged). The current market price of Deepak Nitrite is Rs 2027.75. The time period given by the analyst is a year when Deepak Nitrite price can reach the defined target. Deepak Nitrite, incorporated in 1970, is a Mid Cap company with a market cap of Rs 27650.96 crore, operating in Chemicals Nitrite's key products/revenue segments include Fine Chemicals, Export Incentives, Scrap, Sale of services and Other Operating Revenue for the year ending the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 2202.48 crore, up 14.45% from last quarter Total Income of Rs 1924.39 crore and up 2.66% from last year same quarter Total Income of Rs 2145.34 crore. The company has reported net profit after tax of Rs 202.50 crore in the latest company's top management includes C Mehta, Asher, Sheth, Lalbhai, Shah, Samudra, Satarkar, Mehta, C Mehta, Upadhyay, D Mehta, Choksi. Company has Deloitte Haskins & Sells LLP as its auditors. As on 31-03-2025, the company has a total of 14 Crore shares Nitrite's 4QFY25 earnings print was significantly better than our and consensus expectations primarily on account of government incentives. The company will continue to receive these incentives on the existing phenol complex as well the upcoming polycarbonate complex. On the operational front, advanced intermediates (AI) performance showed sequential improvement. Going ahead, volume normalisation in the AI segment is likely from 2HFY26. Moreover, commissioning of backward integration capex in the AI segment (including nitric acid, photo chlorination) should help lift AI segment margins from 2QFY26, according to JM FInancial. On the phenolics side, benefits of MIBK/MIBC and acetophenone commissioning are likely to flow through from 3QFY26. Besides that, we are also factoring in some improvement in phenol-acetone spreads. There has been a delay in the commissioning of various projects. Hence, on overall basis, the brokerage's FY26-27 EPS estimates are revised downwards by ~1%. Since Deepak Nitrite has the potential to more than quadruple its EBITDA over thenext 5 years, JM Financial maintains their BUY rating on the name with an unchanged Mar?26 target price of Rs 2,305/share (based on 30x Mar?27E EPS).Promoters held 49.28 per cent stake in the company as of 31-Mar-2025, while FIIs owned 6.64 per cent, DIIs 23.22 per cent. (Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
Business Standard
29-05-2025
- Business
- Business Standard
Deepak Nitrite rallies after Q4 PAT soars 106% QoQ to Rs 202 cr
Deepak Nitrite jumped 4.30% to Rs 2,086.25 after the company's consolidated net profit surged 106.35% to Rs 202.41 crore on 14.52% increase in revenue from operations to Rs 2,179.69 crore in Q4 FY25 over Q3 FY25. On year on year (YoY) basis, the companys consolidated revenue jumped 2.5%, while net profit declined 20.3% in Q4 FY25. Profit before tax (PBT) declined 20.2% YoY but increased 106% QoQ to Rs 278.71 crore in Q4 FY25. EBITDA stood at Rs 339 crore, up 6% YoY compared with Rs 320 crore posted in corresponding quarter last year. The EBITDA margin remained steady at 15% in Q4 FY25 compared to Q4 FY24. On segmental front, the revenue from advanced intermediates was at Rs 654 crore (down 3% YoY) while revenue from phenolics stood at Rs 1,532 crore, (up 5%) during the period under review. On full year basis, the companys consolidated net profit declined 14% to Rs 697.24 crore on 7.8% increase in revenue from operations to Rs 8,281.93 crore in FY25 over FY24. Deepak C. Mehta, chairman & managing director said: With all projects coming in with entire backward and forward integration we would be poised for much more resilient operations with an improved bottom line performance. In these turbulent times backward and forward integration go a longway in ensuring that ultimate consumers are taken care of and both the commodity and specialty businesses support each other. Our growth plan envisages development of further upstream products like Nitric Acid and downstream products such as MIBK, MIBC, for which capacities are set to be operationalized in the upcoming quarters. These will deepen the degree of integration across our business and strengthen our competitive position. The plan to manufacture polycarbonate resins is also taking more concrete shape and the Board of DCTL has recently approved investments for manufacturing 300 KTA of Phenol, 185 KTA of Acetone and 100 KTA of lsopropyl Alcohol (lPA) including greenfield infrastructure capex for an aggregate investment of about 3,500 crore. This is over and above the present manufacturing capacity of these products and the new capacity of Phenol and Acetone will be ultimately integrated to produce Polycarbonate Resins. This approval along with the previous approval of 5,000 crore of PC resins brings the aggregate investment pipeline for the PC Resin project to around 8,500 crore. As already mentioned, Deepak will be one of the largest single location producers of Phenol and Acetone in the entire world with more than half of the capacity converted into downstream derivatives such as Bisphenol A and PC Resins, etc. With the commitment to increased Research and Development Activity the new R&D Centre is scheduled to be operative during the year. We are already bringing forward new projects that would enhance our position in life sciences business as well as specialty solvents. New Products in the area of Material Sciences are also being considered based on core competencies of Deepak. Meanwhile, the companys board recommended a dividend of Rs 7.50 per share with a face value of Rs 2 per share for FY25, subject to approval of shareholders at ensuing annual general meeting (AGM. The dividend, if approved by shareholders at the ensuing 54th AGM of the company will be paid within 30 days from the date of AGM. Deepak Nitrite is a leading chemical intermediates producer with a diversified portfolio that caters to the dyes and pigments, agrochemical, pharmaceutical, plastics, textiles, paper and home and personal care segments. It also manufactures petrochemical-derived intermediates such as phenolics, acetone, and isopropyl alcohol (IPA) for both domestic and international markets.
