Deepak Nitrite

Few other updates from con call:

1. Management is planning to double its revenue over the next four years.
2. DPL has pre paid the term loan of 161Cr in FY23. This has reduced the net debt to equity ratio to almost zero, that is 0.03 as compared to last year’s 0.20.
3. Margin profile will be similar after all the expansion in comparison with normal year, FY23 was little bit suboptimal. Didn’t give any number.
4. Phenolics has investment in downstream and those investments will have margin profile which are similar to Deepak Nitrite standalone and hence between then will help to elevate the margin profile of phenolics business to something which is somewhere between its current profile and Deepak Nitrite.
5. Cash flows remains robust and we have reported operating cash flow of Rs.650 crore in FY2023. When evaluated againstEBITDA our OCF/EBITDA ratio has been 0.49.
6. update on the fire incident on Nandesari facility that occurred on 2nd June 2022. Received an interim payment of Rs.11 crore in March 2023 and further Rs.14 crore in April 2023 as an interim payment, hope to receive the balance in the coming quarter.

Sanjay Upadhyay was annoyed when pressed about Phenol pricing.
Please add if any other important updates are missed. Thanks.