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. |
Time | DEEPAKNTR | VS | Industry |
---|---|---|---|
1 Day | -0.21% | 0.02% | |
1 Week | 0.63% | 1.35% | |
1 Month | 3.92% | 2.19% | |
6 Months | 13.42% | 6.77% | |
1 Year | 16.47% | 11.15% |
Period (Days) | SMA | Indication |
---|---|---|
10 | 2661.03 | Bullish |
20 | 2626.31 | Bullish |
30 | 2636 | Bullish |
50 | 2687.2 | Bearish |
100 | 2808.88 | Bearish |
200 | 2630.64 | Bullish |
Annual | FY 2024 | FY 2023 | FY 2022 | ||||
---|---|---|---|---|---|---|---|
Operating Activities | 878.06 | 649.92 | 823.84 | ||||
Investing Activities | -721.84 | -276.05 | -424.05 | ||||
Financing Activities | 43.53 | -359.08 | -385.82 | ||||
Net Cash Flow | 199.75 | 14.79 | 13.97 |
All Figures in ₹ Cr., unless mentioned otherwise
Name | 1D (%) | 1W (%) | 1M (%) | 6M (%) | 1Y (%) |
---|---|---|---|---|---|
Deepak Nitrite | -0.21 | 0.63 | 3.92 | 13.42 | 16.47 |
Alkyl Amines Chemicals | 0.18 | -3.27 | -1.83 | 8.74 | -10.12 |
Balaji Amines | -0.52 | -2.94 | -1.77 | -8.12 | -13.12 |
Dhanuka Agritech | 0.42 | 1.84 | 1.97 | -8.94 | 66.95 |
Gujarat Alkalies & Chemicals | 1.96 | 2.18 | 2.37 | 3.06 | 3.01 |
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.’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!
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.
Let us take a look at the trajectory of Deepak Nitrite since the time it began its operations!
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.
The table below summarises some of the critical financial data of Deepak Nitrite Ltd. as of June 2024.
Metric |
Value |
---|---|
Rs 31,900+ Cr. |
|
Market price |
Rs 2,300+ |
Book value |
Rs 216.62 (Per share) |
0.32% |
|
25.02% |
|
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.
The shareholding pattern of Deepak Nitrite Ltd. has been listed below, taken as of June 2024:
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. |
---|---|---|---|---|
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% |