Deepak Nitrite

Deepak Nitrite

DEEPAKNTR

 ₹ 2,679.29
- ₹ 7.71
0.29%
Chemicals
 ₹ 0.00
(%)1D
Updated: 11 Dec 2024, 02:23:19 pm IST
Stock Score
Open Price
 ₹ 2,672.20
Prev. Close
 ₹ 2,687.00
 ₹ 2,666.59
Day Low
 ₹ 2,695.96
Day High

 ₹ 1,994.89
52 Week Low
 ₹ 3,498.31
52 Week High

Quick Bite

Price To Earnings Ratio

45.07

Sector PE

61.77

PB Ratio

7.62

Sector PB

7.90

EPS

59.45

Dividend Yield

0.35

Today's Volume

58.184 K

5 Day Avg. Volume

128.060 K

PEG Ratio

-9.35

Market Cap.

₹ 36,850.00 Cr.

Returns Comparison

TimeDEEPAKNTRVSIndustry
1 Day-0.21%0.02%
1 Week0.63%1.35%
1 Month3.92%2.19%
6 Months13.42%6.77%
1 Year16.47%11.15%

StockGro Trade Views 👍

StockGro Trade Views 👍

Technical Trend

Neutral
academy home
Bearish
Neutral
Bullish

Pivot Levels

R3 ₹ 2,715.40
R2 ₹ 2,704.89
R1 ₹ 2,693.15
RESISTANCE
 ₹ 2,682.64
SUPPORT
S1 ₹ 2,670.90
S2 ₹ 2,660.39
S3 ₹ 2,648.65

Updated: 22 Jul 2024,09:18:33 am IST

Moving Averages

Strong Sell
Sell
Neutral
Buy
Strong Buy
Sell
2
Buy
4
Period (Days)SMAIndication
102661.03Bullish
202626.31Bullish
302636Bullish
502687.2Bearish
1002808.88Bearish
2002630.64Bullish

Updated: 11 Dec 2024, 02:15:01 pm IST

Analyst Rankings 👍

Analyst Rankings 👍

Shareholding Updates

PromotersDIIPublicFIIOthers
49.24%
Promoters
Sep 2024
Promoters  49.24%
FII  6.68%
DII  22.3%
Public  21.78%
Others  0%

Mutual Fund Ownership 👍

Mutual Fund Ownership 👍

Cash Flow

AnnualFY 2024FY 2023FY 2022
Operating Activities878.06649.92823.84
Investing Activities-721.84-276.05-424.05
Financing Activities43.53-359.08-385.82
Net Cash Flow199.7514.7913.97

All Figures in ₹ Cr., unless mentioned otherwise

Ratios

Return on Equity (%)

Income Statement

All Figures in ₹ Cr., unless mentioned otherwise

Balance Sheet

All Figures in ₹ Cr., unless mentioned otherwise

Peer Comparison

Name1D (%)1W (%)1M (%)6M (%)1Y (%)
Deepak Nitrite-0.210.633.9213.4216.47
Alkyl Amines Chemicals0.18-3.27-1.838.74-10.12
Balaji Amines-0.52-2.94-1.77-8.12-13.12
Dhanuka Agritech0.421.841.97-8.9466.95
Gujarat Alkalies & Chemicals1.962.182.373.063.01
Returns as on 11 Dec, 2024

About Deepak Nitrite

Deepak Nitrite Limited is an India-based company, which is engaged in manufacturing and trading of chemicals. The Company operates through two segments: Advanced Intermediates and Phenolics. Its Advanced Intermediates segment offers sodium nitrite, sodium nitrate, nitro toluidines, fuel additives, nitrosyl sulfuric acid, xylidines, oximes, cumidines, specialty agrochemicals, optical brightening agent (OBA), diamino stilbene disulfonic acid (DASDA). Its Phenolics segment offers cumene, phenol, acetone, isopropyl alcohol, ammonium sulfate (AMS). The Company's products cater to several industries, such as colorants, rubber chemicals, explosives, dyes, pigments, food colors, pharmaceuticals, diesel blending, agrochemicals, glass, personal care, paper, detergents and textiles, laminates, ply, adhesive, paints, auto, pharmaceuticals, plastics, and others. Its manufacturing facilities are located at Nandesari and Dahej (Gujarat); Roha and Taloja (Maharashtra); and Hyderabad (Telangana).

Deepak Nitrite Share Price

Fundamental analysis of Deepak Nitrite Ltd.

Today, there are many companies that produce various forms of chemicals, such as medicines, cosmetics, etc. Established in 1970, Deepak Nitrite is one such company that decided to enter the chemical sector.

This company caters to different industries and sectors and has come a long way in cementing its position in both domestic and international intermediates markets. In fact, this company has a 70% market share of chemical intermediates in the Indian market!

With the growing demand for chemicals across the globe, this company still has a long way to go, and that will definitely affect the Deepak Nitrite share price in the long run! In this article, we will delve into the fundamental analysis of Deepak Nitrite Ltd. and find out about Deepak Nitrite share price forecast and whether you should invest in it!

Deepak Nitrite Ltd. (DNL)

Deepak Nitrite Ltd.’s journey began in 1970 when Chairman Emeritus Shri CK Mehta laid its foundation stone.

Today, this company has a presence in more than 30 countries spanning across 5 continents! It has an export network that spans over 45 countries, including the USA, Japan, and countries in Europe and Latin America. Headquartered in Vadodara, Gujarat, DNL specialises in manufacturing intermediaries for paints and explosives. Its product portfolio also includes basic, fine, speciality, and performance products.

With over five decades of experience, Deepak Nitrite currently has 5 manufacturing plants which are located in Nandesari, Dahej, Roha, Taloja and Hyderabad. This company also has a few subsidiaries: Deepak Phenolics Ltd., Nova Synthetic Ltd., Deepak Chem-Tech Ltd., and Deepak Nitrite Corporation Inc.

According to Morgan Stanley-backed reports, DNL is set to double its base earnings by 2028, focusing on becoming a prominent phenolics producer in the market. Deepak Nitrite earns 35% of its revenue from exports and has over 100 products that cater to different industries. It also has over 700 customers and 56+ applications that are supported globally!

Is investing in the chemical manufacturing sector worth it?

Investing in chemical stocks can be an excellent option if you are looking for capital appreciation in the long term. These stocks have proven to be quite resilient and have also outperformed many sectors in just the past decade.

India has the sixth-largest sales of chemicals in the world, and it is also the fourth-largest producer of agrochemicals. In addition to being one of the largest consumers in the world, it also has an 11.7% chemical products export share, and speciality chemicals account for 50% of these exports!

According to government data, India’s agrochemical sector is projected to grow at a CAGR of 8-10% until 2025. Considering these predictions and data, the chemical manufacturing sector is likely to experience a boom.

As we discussed earlier, Deepak Nitrite aims to double its base earnings, so it might be an excellent time to track the Deepak Nitrite share price chart and make strategic investment decisions.

Who are Deepak Nitrite’s competitors in the chemical manufacturing industry?

History of Deepak Nitrite Ltd.

Let us take a look at the trajectory of Deepak Nitrite since the time it began its operations!

  • Incorporation: Deepak Nitrite Ltd. was established on 06th June 1970 by its Chairman, Late Emeritus Shri CK Mehta.
  • Product range: This company manufactures and supplies a large variety of chemicals such as dyes, pigments, fuel additives, agrochemicals, detergents, rubber, personal care products, and chemical intermediaries for explosives.
  • Infrastructure: Deepak Nitrite Ltd. has a robust infrastructure covering the products' journey from design to dispatch. It has many environmentally compliant facilities that are adept at handling hazardous chemicals in bulk quantities. Additionally, its phenol plant, backed by KBR, Honeywell, and Thyssen Krupp, has one of the country's lowest thermal footprints.
  • Certifications: DNL has an ISO 9001:2015 certificate whose scope covers marketing basic intermediate, fine & speciality chemicals, and performance products. In addition, this company has also been awarded the “ICC Certificate of Merit” because of it being the best compliant company in the Environment, Health and Safety (EHS) category.
  • Awards and recognitions: DNL has been honoured with numerous awards and recognitions. It was presented with the “Super Achievers 2017 – Making New India” award in 2017-2018. It was also presented with the “Millennium Alliance Round-4 Innovations Award 2016-17” because of its contribution to securing food in the tribal areas as a part of its community-owned initiatives.

DNL has over 50 years of experience, and with its ambitious and visionary plans, it is all set to become a game-changer in the industry.

Company profile of Deepak Nitrite Ltd.

Pros

  • Debt-free. DNL is virtually debt-free, which is an indication of its stable cash flow. Additionally, since it is debt-free, it has much more financial freedom to make new capital investments.
  • A healthy interest-coverage ratio. Deepak Nitrite Ltd. has a high-interest coverage ratio of 240.15, indicative of its robust financial health. In addition, it is also less susceptible to fluctuating interest rates.
  • Healthy ROE. The company has been maintaining a healthy ROE of 21.40% over the past three years.
  • Zero promoter pledge. Since the company has zero promoter pledging, less risk is involved.

Cons

  • Decline in net profits. The company has been experiencing a profit growth of -4.9 % over the past three years.
  • High P/E ratio. Deepak Nitrite stocks are trading at a high P/E ratio of 74.05, meaning the stock might be overvalued.
  • Poor revenue growth. DNL has been experiencing a poor revenue growth of 10.81% over the past three years.

The finances and Deepak Nitrite share price forecast

The table below summarises some of the critical financial data of Deepak Nitrite Ltd. as of June 2024.

Metric

Value

Market cap

Rs 31,900+ Cr.

Market price

Rs 2,300+

Book value

Rs 216.62 (Per share)

Dividend yield

0.32%

ROCE

25.02%

ROE

19.23%

Face value

Rs. 2

The Deepak Nitrite share price target is set to be approximately Rs 2,700 for 2025 as opposed to the Rs 2,300 Deepak Nitrite share price today.

Shareholding pattern of Deepak Nitrite Ltd.

The shareholding pattern of Deepak Nitrite Ltd. has been listed below, taken as of June 2024:

Peer multiple comparison

Let’s take a look at Deepak Nitrite’s peers and evaluate them against some key metrics to understand Deepak Nitrite's performance in the market. The table below depicts data taken as of June 2024.

Metric

Deepak Nitrite Ltd.

Tata Chemicals Ltd.

Himadri Speciality Chemical Ltd.

Gujarat Fluorochemicals Ltd.

P/E ratio

73.71

32.10

44.22

85.94

P/B ratio

10.81

1.54

6.05

6.08

Dividend yield (% of share price)

0.32%

1.33%

0.14%

0.09%

Deepak Nitrite FAQs

How to Buy Deepak Nitrite Share?

up
To purchase Deepak Nitrite shares, you can open a Demat & Trading account through a broker or financial institution. Once your account is set up and funded, search for Deepak Nitrite (ticker symbol: DEEPAKNTR) on the trading platform provided by your broker and purchase the shares.

What's Deepak Nitrite share price today?

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The stock price of Deepak Nitrite as of 11 Dec 2024 is ₹2,679.29

What is the Market Cap of Deepak Nitrite?

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Market capitalisation represents the total market value of a company's outstanding shares. As of 11 Dec 2024, Deepak Nitrite (ticker symbol: DEEPAKNTR) has a market capitalisation of approximately ₹3,68,50,00,00,000.00

What is the PE and PB ratio of Deepak Nitrite?

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Deepak Nitrite Ltd's price-to-book ratio as of 11 Dec 2024 is 7.62, reflecting the market's valuation compared to its asset value. As of 11 Dec 2024, the trailing twelve months P/E (price-to-earnings) ratio is 45.07, indicating the market values the company at around ₹45.07 for every ₹1 of earnings

What is the 52 Week High and Low of Deepak Nitrite Share?

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Deepak Nitrite Ltd (DEEPAKNTR) hit its 52-week high at ₹3,498.31, and its 52-week low at ₹1,994.89.
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