1. Deepak Nitrite
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50% Buy

Deepak Nitrite Share Price

DEEPAKNTR

₹2,365.20+₹30.30 (1.30%) TodayLast updated on 24 May, 2024 | 03:59 PM IST
₹2,320.45₹2,376.90
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Company overview

Financial performance

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Market cap

Market Cap Switch₹32,260 Crs

Open

₹2,323.00

Close

₹2,334.90

Circuit range

₹2,568.35 - ₹2,101.45

Day range

₹2,320.45 - ₹2,376.90

Year range

₹1,900.20 - ₹2,619.80

Volume

4,24,506

Avg. traded

₹2,359.50

Revenue (12m)

₹7,682 Crs

Deepak Nitrite

Deepak Nitrite is engaged in the manufacturing of advanced chemical intermediates for industries. Incorporated in 1970, the company started with a fully indigenous sodium nitrite plant in Nandesari, Gujarat. Today, Deepak Nitrite has a presence in more than 20 countries. The company has manufacturing facilities in Gujarat's Nandesari; Maharashtra's Pune, Roha, and Tojala; and Hyderabad in Telangana.

Deepak Nitrite's portfolio includes over 100 products developed for various industries. The company generates over 35% of its revenue through exports.

Business operations

Deepak Nitrite caters to various industries including colourants, agrochemicals, pharmaceuticals, rubber, speciality & fine chemicals. It manufactures intermediates for cosmetics, lubricants, polymers, industrial explosives, paints, optical brighteners, petroleum additives, photographic chemicals, specialty fibres and water treatment chemicals.

Deepak Nitrite started manufacturing 3000 TPA concentrated nitric acid in 1984-85. The company also commissioned its hexamine plant this year. The company expanded its portfolio with the production of guanidine nitrite and hydroxylamine sulphate in 1986-87. It commissioned its second CAN plant in 1987-89.

The company's Sahyadri dyestuffs & chemical division developed new products for exclusive customers in Europe and the USA during 1995-1996. A year later the firm's Taloja chemical division established the plant for hydrogenation of nitroaromatics at Taloja and started commercial production of Toluidines.

The company acquired a 68.76% stake in Aryan Pesticides Ltd in 2000. Aryan Pesticides Ltd was eventually merged with Deepak Nitrite Limited with effect from March 31, 2004

Two years later, the company took over the DASDA business of Vasant Chemical Limited with effect from August 2006. In 2010, Deepak Nitrite launched products in the fuel additive segment.

The company commissioned the brownfield expansion at its Nandesari facility in June 2013, with commercial production beginning during the first half of FY 2013-14. This expansion enhanced the production capacity for inorganic salts. The firm incorporated a wholly owned subsidiary, Deepak Nitrite Corporation LLC, in North Carolina, USA. to take care of marketing & operations for customers in North and South America.

Deepak Nitrite launched a special grade of sodium nitrite for the export market in FY-16. The company entered into the segment of pharma and personal care intermediates.

In FY22, the company began the production of isopropyl alcohol at its manufacturing facility in Dahej. It also commissioned a brownfield expansion project of isopropyl alcohol at the Nandesari Roha and Taloja plants. In FY23, the company began the installation of a sulfuric acid concentration (sac) unit at the Nandesari Plant.

Deepak Nitrite Ltd's market capitalisation stands at over ₹31,163 crore as of December 21, 2023. Deepak Nitrite Ltd's share price has surged over 159% in the last three years.

Deepak Nitrite Ltd's market capitalisation stood at over ₹33,700 crore as of December 26, 2023. Deepak Nitrite share price has surged over 172% in the last three years.

Financial Highlights

  • Consolidated revenue stood at ₹8,020 crore in FY23, up 17% compared to ₹6,845 crore in FY22.
  • The company reported 20% year-on-year dip in net profit at ₹852 crore in FY23 compared to ₹1,067 crore in preceding financial year.
  • Its EBITDA (earnings before interest, taxes, depreciation, and amortisation) stood at ₹1,337 crore in FY23, a decline of 19% as compared to ₹1,646 crore in FY22.
  • Its EBITDA margin decreased 500 bps to 17% in FY23 compared to 24% in FY22.
  • The earnings per share (EPS) dropped to ₹62.47 in FY23 compared to ₹78.2 in the last financial year.

Deepak Nitrite Key indicators

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52 week high

₹2,619.80

52 week low

₹1,900.20

P/E ratio

39.78

P/B ratio

7.45

ROE

19.23%

ROCE

25.02%

Dividend yield

0.3%

Debt/Equity ratio

EPS

34.41

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Investment checklist: (5/6)

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Equity returns

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Safety factor

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

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Buy

50%

Hold

21%

Sell

29%

This analysis is based on the reviews of 14 experts in the last 7 days

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

22.68%

Net profit margin

15.46%

ROE

19.23%

ROA

16.49%

ROCE

25.02%

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Deepak Nitrite Shareholder returns

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1 day

+1.30%

1 week

-4.42%

1 month

-1.42%

3 months

+2.59%

1 year

+10.78%

3 years

+32.34%

5 years

+703.67%

Revenue statement

All values are in ₹ Crores (Cr)
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Cash flow

All values are in ₹ Crores (Cr)
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Balance sheet

All values are in ₹ Crores (Cr)
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Deepak Nitrite Share Price history

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DayOpenCloseDay’s change
Fri, May 24 2024
₹2,323.00
₹2,365.20
+1.30%
Thu, May 23 2024
₹2,459.05
₹2,334.90
-5.22%
Wed, May 22 2024
₹2,540.00
₹2,463.50
-2.11%
Tue, May 21 2024
₹2,530.00
₹2,516.70
-0.41%
Sat, May 18 2024
₹2,495.00
₹2,527.15
+2.12%
Fri, May 17 2024
₹2,457.50
₹2,474.65
+1.07%
Thu, May 16 2024
₹2,440.20
₹2,448.45
+1.00%
Wed, May 15 2024
₹2,469.15
₹2,424.25
-1.82%

Shareholding info

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Promoters (49.13%)

Mutual Funds (9%)

Retail and other (24.88%)

Foreign institutions-FII (6.72%)

Other domestic institutions (10.27%)

Promoters

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Events

Corporate actions

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  • Dividend • ₹7.5/share

    Ex date 27 Jul 2023

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  • Dividend • ₹7/share

    Ex date 25 Jul 2022

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Frequently asked questions