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Deepak Nitrite Overview

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, isopro...Read More

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Deepak Nitrite Key Financials

Market Cap ₹18791 Cr.

Stock P/E 26.9

P/B 3.3

Current Price ₹1377.7

Book Value ₹ 411.7

Face Value 2

52W High ₹2173

Dividend Yield 0.54%

52W Low ₹ 1280.4

Deepak Nitrite Share Price

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Volume
Price

Deepak Nitrite Quarterly Price

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Deepak Nitrite Peer Comparison

Deepak Nitrite Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 1778 2009 2126 2167 2032 1903 2180 1890 1902 1975
Other Income 17 14 19 19 21 21 23 25 20 9
Total Income 1795 2023 2145 2186 2053 1924 2202 1914 1922 1983
Total Expenditure 1476 1705 1825 1858 1734 1735 1863 1700 1698 1764
Operating Profit 319 318 320 328 319 190 339 214 224 219
Interest 3 3 4 6 6 6 9 8 8 11
Depreciation 39 42 46 47 48 48 51 51 53 58
Exceptional Income / Expenses 0 0 80 0 0 0 0 0 0 -13
Profit Before Tax 277 274 349 275 264 135 279 155 163 138
Provision for Tax 72 72 95 72 70 37 76 42 44 38
Profit After Tax 205 202 254 203 194 98 203 112 119 100
Adjustments 0 0 0 0 -0 -0 -0 -0 -0 -0
Profit After Adjustments 205 202 254 203 194 98 202 112 119 100
Adjusted Earnings Per Share 15 14.8 18.6 14.8 14.2 7.2 14.8 8.2 8.7 7.3

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 Mar 2025 TTM
Net Sales 1327 1373 1371 1651 2700 4230 4360 6802 7972 7682 8282 7947
Other Income 5 2 13 12 18 36 27 54 48 76 84 77
Total Income 1332 1375 1383 1664 2718 4265 4387 6856 8020 7758 8366 8021
Total Expenditure 1191 1207 1234 1453 2286 3201 3115 5207 6681 6555 7187 7025
Operating Profit 141 168 149 211 432 1064 1272 1649 1339 1203 1179 996
Interest 38 40 37 47 87 118 77 36 27 15 31 36
Depreciation 36 40 48 53 78 140 153 178 166 166 195 213
Exceptional Income / Expenses 0 0 70 0 0 0 0 0 0 80 0 -13
Profit Before Tax 67 89 135 111 268 806 1042 1434 1146 1102 953 735
Provision for Tax 14 26 38 32 94 195 266 368 294 291 255 200
Profit After Tax 53 63 96 79 174 611 776 1067 852 811 697 534
Adjustments -0 -0 0 1 -3 -4 0 0 0 0 -0 0
Profit After Adjustments 53 63 96 80 171 607 776 1067 852 811 697 533
Adjusted Earnings Per Share 5.1 5.4 7.4 5.8 12.5 44.5 56.9 78.2 62.5 59.5 51.1 39

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 8% 7% 14% 20%
Operating Profit CAGR -2% -11% 2% 24%
PAT CAGR -14% -13% 3% 29%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -32% -9% -3% 35%
ROE Average 14% 18% 26% 24%
ROCE Average 17% 24% 31% 24%

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 Mar 2025
Shareholder's Funds 346 473 715 922 1072 1572 2347 3338 4090 4797 5389
Minority's Interest 0 0 0 0 0 0 0 0 0 26 36
Borrowings 239 159 218 550 870 779 524 187 43 217 1026
Other Non-Current Liabilities 54 64 47 70 103 108 136 158 202 269 333
Total Current Liabilities 484 598 807 1048 884 749 553 747 794 785 923
Total Liabilities 1123 1294 1787 2591 2928 3209 3560 4430 5129 6094 7706
Fixed Assets 549 598 586 588 1716 1832 1864 1963 1942 2293 2457
Other Non-Current Assets 101 115 451 1010 50 220 244 182 448 960 1952
Total Current Assets 473 581 751 993 1162 1156 1452 2285 2739 2842 3297
Total Assets 1123 1294 1787 2591 2928 3209 3560 4430 5129 6094 7706

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 Mar 2025
Opening Cash & Cash Equivalents 6 3 5 6 9 3 2 9 23 38 238
Cash Flow from Operating Activities 108 167 49 183 60 765 1002 824 650 874 625
Cash Flow from Investing Activities -89 -169 -353 -525 -163 -428 -396 -424 -276 -718 -1491
Cash Flow from Financing Activities -22 4 305 345 96 -338 -599 -386 -359 44 806
Net Cash Inflow / Outflow -3 2 1 4 -6 -1 7 14 15 200 -60
Closing Cash & Cash Equivalent 3 5 6 9 3 2 9 23 38 238 179

Deepak Nitrite Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 5.06 5.39 7.37 5.85 12.52 44.52 56.88 78.2 62.46 59.45 51.12
CEPS(Rs) 8.52 8.81 11.04 9.65 18.43 55.04 68.07 91.23 74.66 71.59 65.45
DPS(Rs) 1 1.2 1.2 1.3 2 4.5 5.5 7 7.5 7.5 7.5
Book NAV/Share(Rs) 33.04 40.6 54.69 67.61 78.56 115.24 172.04 244.75 299.85 351.66 395.06
Core EBITDA Margin(%) 9.65 11.42 9.37 11.84 15.34 24.32 28.55 23.28 16.04 14.53 13.13
EBIT Margin(%) 7.44 8.84 11.76 9.44 13.13 21.85 25.67 21.47 14.57 14.41 11.79
Pre Tax Margin(%) 4.75 6.12 9.25 6.61 9.93 19.07 23.89 20.94 14.23 14.21 11.42
PAT Margin (%) 3.74 4.32 6.62 4.71 6.43 14.45 17.79 15.57 10.58 10.46 8.36
Cash Profit Margin (%) 6.29 7.03 9.92 7.85 9.31 17.75 21.3 18.16 12.65 12.6 10.7
ROA(%) 7.69 5.2 6.25 3.61 6.29 19.91 22.92 26.7 17.83 14.45 10.11
ROE(%) 25.83 15.39 16.23 9.65 17.42 46.23 39.6 37.52 22.94 18.25 13.69
ROCE(%) 19.8 13.63 14.03 9.46 17.02 37.56 40.06 44.82 30.13 24.39 17
Receivable days 45.84 78.18 84.5 84.07 66.7 51.25 57.31 50.23 55.28 61.39 56.28
Inventory Days 18.71 28.31 36.15 53.63 49.76 34.74 32.53 25.77 33.5 38.91 36.9
Payable days 31.74 55.24 77.06 127.16 108.41 65.23 65.57 42.56 40.38 42.18 33.64
PER(x) 13.42 12.56 17.81 42.57 21.93 8.68 29.13 28.7 29.49 35.69 38.79
Price/Book(x) 2.05 1.67 2.4 3.68 3.5 3.35 9.63 9.17 6.14 6.03 5.02
Dividend Yield(%) 1.47 1.77 0.91 0.52 0.73 1.16 0.33 0.31 0.41 0.35 0.38
EV/Net Sales(x) 0.94 0.95 1.77 2.62 1.82 1.5 5.31 4.54 3.15 3.73 3.36
EV/Core EBITDA(x) 8.85 7.78 16.3 20.55 11.35 5.95 18.2 18.73 18.78 23.86 23.59
Net Sales Growth(%) 418.52 3.45 -0.16 20.48 63.49 56.66 3.07 56.02 17.2 -3.64 7.81
EBIT Growth(%) 280.11 22.38 32.79 -7.5 124 160.73 21.06 31.43 -20.28 -4.75 -11.93
PAT Growth(%) 428.45 18.7 53.12 -17.96 119.78 251.85 26.97 37.49 -20.12 -4.83 -14
EPS Growth(%) 234.68 6.6 36.59 -20.66 114.17 255.57 27.77 37.49 -20.12 -4.82 -14.02
Debt/Equity(x) 1.58 1.12 1.01 1.07 1.11 0.69 0.25 0.09 0.01 0.05 0.22
Current Ratio(x) 0.98 0.97 0.93 0.95 1.31 1.54 2.62 3.06 3.45 3.62 3.57
Quick Ratio(x) 0.76 0.77 0.72 0.64 0.85 1.02 1.93 2.28 2.33 2.65 2.57
Interest Cover(x) 2.77 3.24 4.68 3.34 4.1 7.84 14.47 40.44 43.95 73.96 31.93
Total Debt/Mcap(x) 0.77 0.67 0.42 0.29 0.32 0.21 0.03 0.01 0 0.01 0.04

Deepak Nitrite Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 49.13 49.13 49.13 49.24 49.24 49.24 49.28 49.28 49.28 49.33
FII 6.47 6.42 6.66 6.86 6.69 6.6 6.65 6.68 6.21 6.05
DII 17.95 18.93 19.33 21.21 22.29 23.22 23.22 22.62 22.7 23.2
Public 26.45 25.52 24.88 22.7 21.78 20.94 20.85 21.43 21.81 21.42
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Deepak Nitrite News

Deepak Nitrite Pros & Cons

Pros

  • Debtor days have improved from 42.18 to 33.64days.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 49.33%.
  • Stock is trading at 3.3 times its book value.
  • The company has delivered a poor profit growth of 2% over past five years.
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