Deepak Nitrite

₹1948.9 -10.9 | 0.6%

WEBSITE BSE:506401 NSE : DEEPAKNTR 18 Jul, 15:59

Market Cap ₹26582 Cr.

Stock P/E 32.8

P/B 4.9

Current Price ₹1948.9

Book Value ₹ 395.1

Face Value 2

52W High ₹3168.7

Dividend Yield 0.38%

52W Low ₹ 1780.5

Edit Ratio

Deepak Nitrite Research see more...

Deepak Nitrite Limited

Deepak Nitrite Ltd

Overview Inc. Year: 1970Industry: Chemicals

Deepak Nitrite Ltd is a chemical manufacturing company. The Company's segments include Performance Products, Phenolics, Basic Chemicals, Fine & Speciality Chemicals. The Basic Chemicals section offers sodium nitrate, nitro toluidines, gas additives, sodium nitrite, and nitrosyl sulphuric acid. The Fine & Speciality Chemicals section gives cumidines, xylidines, oximes, and speciality agrochemicals. Its Performance Products consist of diamino stilbene disulfonic acid (DASDA) and optical brightening agent (OBA). Its Phenolics offers cumene, isopropyl alcohol, phenol, and acetone. The Company's merchandise cater to numerous industries, together with colorants, rubber, pharmaceuticals, paper, fabric,petrochemicals, agrochemicals, and detergents. The Company's manufacturing facilities are located at Roha, Taloja (Maharashtra), Nandesari, Dahej (Gujarat) and Hyderabad (Telangana), and its R&D facility is positioned at Nandesari (Gujarat).

Deepak Nitrite Share Price

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Peer Comparison

Deepak Nitrite Quarterly Results

#(Fig in Cr.)	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
Net Sales	1991	1961	1768	1778	2009	2126	2167	2032	1903	2180
Other Income	13	13	32	17	14	19	19	21	21	23
Total Income	2004	1974	1800	1795	2023	2145	2186	2053	1924	2202
Total Expenditure	1676	1613	1559	1476	1705	1825	1858	1734	1735	1863
Operating Profit	328	361	242	319	318	320	328	319	190	339
Interest	6	4	2	3	3	4	6	6	6	9
Depreciation	41	41	38	39	42	46	47	48	48	51
Exceptional Income / Expenses	0	0	0	0	0	80	0	0	0	0
Profit Before Tax	281	315	202	277	274	349	275	264	135	279
Provision for Tax	72	81	52	72	72	95	72	70	37	76
Profit After Tax	209	234	150	205	202	254	203	194	98	203
Adjustments	0	0	0	0	0	0	0	-0	-0	-0
Profit After Adjustments	209	234	150	205	202	254	203	194	98	202
Adjusted Earnings Per Share	15.3	17.1	11	15	14.8	18.6	14.8	14.2	7.2	14.8

Deepak Nitrite Profit & Loss

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Net Sales	1327	1373	1371	1651	2700	4230	4360	6802	7972	7682	8282
Other Income	5	2	13	12	18	36	27	54	48	76	84
Total Income	1332	1375	1383	1664	2718	4265	4387	6856	8020	7758	8365
Total Expenditure	1191	1207	1234	1453	2286	3201	3115	5207	6681	6555	7190
Operating Profit	141	168	149	211	432	1064	1272	1649	1339	1203	1176
Interest	38	40	37	47	87	118	77	36	27	15	27
Depreciation	36	40	48	53	78	140	153	178	166	166	194
Exceptional Income / Expenses	0	0	70	0	0	0	0	0	0	80	0
Profit Before Tax	67	89	135	111	268	806	1042	1434	1146	1102	953
Provision for Tax	14	26	38	32	94	195	266	368	294	291	255
Profit After Tax	53	63	96	79	174	611	776	1067	852	811	698
Adjustments	-0	-0	0	1	-3	-4	0	0	0	0	0
Profit After Adjustments	53	63	96	80	171	607	776	1067	852	811	697
Adjusted Earnings Per Share	5.1	5.4	7.4	5.8	12.5	44.5	56.9	78.2	62.5	59.5	51

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-4%	21%	23%	0%
Operating Profit CAGR	-10%	-2%	23%	0%
PAT CAGR	-5%	1%	36%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-31%	4%	30%	39%
ROE Average	18%	26%	33%	25%
ROCE Average	24%	33%	35%	25%

Deepak Nitrite Balance Sheet

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	346	473	715	922	1072	1572	2347	3338	4090	4797
Minority's Interest	0	0	0	0	0	0	0	0	0	26
Borrowings	239	159	218	550	870	779	524	187	43	217
Other Non-Current Liabilities	54	64	47	70	103	108	136	158	202	269
Total Current Liabilities	484	598	807	1048	884	749	553	747	794	785
Total Liabilities	1123	1294	1787	2591	2928	3209	3560	4430	5129	6094
Fixed Assets	549	598	586	588	1716	1832	1864	1963	1942	2293
Other Non-Current Assets	101	115	451	1010	50	220	244	182	448	960
Total Current Assets	473	581	751	993	1162	1156	1452	2285	2739	2842
Total Assets	1123	1294	1787	2591	2928	3209	3560	4430	5129	6094

Deepak Nitrite Cash Flow

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	6	3	5	6	9	3	2	9	23	38
Cash Flow from Operating Activities	108	167	49	183	60	765	1002	824	650	878
Cash Flow from Investing Activities	-89	-169	-353	-525	-163	-428	-396	-424	-276	-722
Cash Flow from Financing Activities	-22	4	305	345	96	-338	-599	-386	-359	44
Net Cash Inflow / Outflow	-3	2	1	4	-6	-1	7	14	15	200
Closing Cash & Cash Equivalent	3	5	6	9	3	2	9	23	38	238

Deepak Nitrite Ratios

#	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	5.06	5.39	7.37	5.85	12.52	44.52	56.88	78.2	62.46	59.45
CEPS(Rs)	8.52	8.81	11.04	9.65	18.43	55.04	68.07	91.23	74.66	71.59
DPS(Rs)	1	1.2	1.2	1.3	2	4.5	5.5	7	7.5	7.5
Book NAV/Share(Rs)	33.04	40.6	54.69	67.61	78.56	115.24	172.04	244.75	299.85	351.66
Core EBITDA Margin(%)	9.65	11.42	9.37	11.84	15.34	24.32	28.55	23.28	16.04	14.53
EBIT Margin(%)	7.44	8.84	11.76	9.44	13.13	21.85	25.67	21.47	14.57	14.41
Pre Tax Margin(%)	4.75	6.12	9.25	6.61	9.93	19.07	23.89	20.94	14.23	14.21
PAT Margin (%)	3.74	4.32	6.62	4.71	6.43	14.45	17.79	15.57	10.58	10.46
Cash Profit Margin (%)	6.29	7.03	9.92	7.85	9.31	17.75	21.3	18.16	12.65	12.6
ROA(%)	7.69	5.2	6.25	3.61	6.29	19.91	22.92	26.7	17.83	14.45
ROE(%)	25.83	15.39	16.23	9.65	17.42	46.23	39.6	37.52	22.94	18.25
ROCE(%)	19.8	13.63	14.03	9.46	17.02	37.56	40.06	44.82	30.13	24.39
Receivable days	45.84	78.18	84.5	84.07	66.7	51.25	57.31	50.23	55.28	61.39
Inventory Days	18.71	28.31	36.15	53.63	49.76	34.74	32.53	25.77	33.5	38.91
Payable days	31.74	55.24	77.06	127.16	108.41	65.23	65.57	42.56	40.38	43.74
PER(x)	13.42	12.56	17.81	42.57	21.93	8.68	29.13	28.7	29.49	35.69
Price/Book(x)	2.05	1.67	2.4	3.68	3.5	3.35	9.63	9.17	6.14	6.03
Dividend Yield(%)	1.47	1.77	0.91	0.52	0.73	1.16	0.33	0.31	0.41	0.35
EV/Net Sales(x)	0.94	0.95	1.77	2.62	1.82	1.5	5.31	4.54	3.15	3.73
EV/Core EBITDA(x)	8.85	7.78	16.3	20.55	11.35	5.95	18.2	18.73	18.78	23.86
Net Sales Growth(%)	418.52	3.45	-0.16	20.48	63.49	56.66	3.07	56.02	17.2	-3.64
EBIT Growth(%)	280.11	22.38	32.79	-7.5	124	160.73	21.06	31.43	-20.28	-4.75
PAT Growth(%)	428.45	18.7	53.12	-17.96	119.78	251.85	26.97	37.49	-20.12	-4.83
EPS Growth(%)	234.68	6.6	36.59	-20.66	114.17	255.57	27.77	37.49	-20.12	-4.82
Debt/Equity(x)	1.58	1.12	1.01	1.07	1.11	0.69	0.25	0.09	0.01	0.05
Current Ratio(x)	0.98	0.97	0.93	0.95	1.31	1.54	2.62	3.06	3.45	3.62
Quick Ratio(x)	0.76	0.77	0.72	0.64	0.85	1.02	1.93	2.28	2.33	2.65
Interest Cover(x)	2.77	3.24	4.68	3.34	4.1	7.84	14.47	40.44	43.95	73.96
Total Debt/Mcap(x)	0.77	0.67	0.42	0.29	0.32	0.21	0.03	0.01	0	0.01

Deepak Nitrite Shareholding Pattern

#	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025
Promoter	49.13	49.13	49.13	49.13	49.13	49.24	49.24	49.24	49.28	49.28
FII	7.28	7.08	6.47	6.42	6.66	6.86	6.69	6.6	6.65	6.68
DII	15.49	16.62	17.95	18.93	19.33	21.21	22.29	23.22	23.22	22.62
Public	28.09	27.17	26.45	25.52	24.88	22.7	21.78	20.94	20.85	21.43
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025
Promoter	6.7	6.7	6.7	6.7	6.7	6.72	6.72	6.72	6.72	6.72
FII	0.99	0.97	0.88	0.88	0.91	0.94	0.91	0.9	0.91	0.91
DII	2.11	2.27	2.45	2.58	2.64	2.89	3.04	3.17	3.17	3.08
Public	3.83	3.71	3.61	3.48	3.39	3.1	2.97	2.86	2.84	2.92
Others	0	0	0	0	0	0	0	0	0	0
Total	13.64	13.64	13.64	13.64	13.64	13.64	13.64	13.64	13.64	13.64

Pros

Company has delivered good profit growth of 36% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 26%
Company is almost debt free.

Cons

Promoter holding is low: 49.28%.
Debtor days have increased from 40.38 to 43.74days.
Stock is trading at 4.9 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.