Deepak Nitrite Share Price

Chemicals Large Cap

₹2,695.₁₀ +47.45 (1.79%)

05 Nov, 2024 17:31

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Performance

Low
₹2,623

High
₹2,705

52 Week Low
₹2,018

52 Week High
₹3,169

Open Price₹2,641
Previous Close₹2,648
Volume156,886

Investment Returns

Over 1 Month -4.72%
Over 3 Month -12.95%
Over 6 Month + 10.06%
Over 1 Year + 33.31%

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Deepak Nitrite Fundamentals Fundamentals refer to the financial data that companies report on a quarterly or annual basis.

P/E Ratio
42.6

PEG Ratio
3.4

Market Cap Cr
36,759

P/B Ratio
7.6

Average True Range
77.92

EPS
25.9

Dividend Yield
0.3

MACD Signal
-45.38

RSI
38.7

MFI
52.9

Standalone Consolidated

Indicator	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23
Net Sales/Income from operations	715.71	671.15	674.30	670.59	708.31
Total Income From Operations	715.71	671.15	674.30	670.59	708.31
P/L Before Interest, Excpt. Items & Tax	85.98	77.73	100.49	186.53	115.81
P/L Before Exceptional Items & Tax	85.03	76.92	100.09	186.25	115.21
P/L After Tax from Ordinary Activities	63.04	115.68	74.51	157.42	85.82
Net Profit/Loss For the Period	63.04	115.68	74.51	157.42	85.82

Indicator	Mar 24	Mar 23
Revenue From Operations [Gross]	2,697.41	3,010.84
Revenue From Operations [Net]	2,697.41	3,010.84
Total Operating Revenues	2,724.36	3,033.55
Total Revenue	2,848.05	3,135.13
Total Expenses	2,369.59	2,525.29
Profit/Loss Before Tax	558.26	609.84
Profit/Loss For The Period	433.43	469.39

Indicator	Mar 24	Mar 23
Net CashFlow - Operating Activity	418.43	310.01
Net Cash Used In Investing Activity	-156.16	-188.47
Net Cash Used in Finance Activity	-105.51	-112.83
Net Inc/Dec In Cash And Equivalent	156.76	8.71
Cash And Equivalent End Of Year	172.91	16.15

Indicator	Mar 24	Mar 23
Total Share Capital	27.28	27.28
Total Non-Current Liabilities	107.97	93.12
Total Current Liabilities	308.50	331.42
Total Capital And Liabilities	3,371.01	3,049.60
Total Non-Current Assets	1,830.66	1,522.66
Total Current Assets	1,540.35	1,526.94
Total Assets	3,371.01	3,049.60

Indicator	2024	2023
EBIT Margin (%)	17.63	20.15
Return On Capital Employed (%)	15.69	22.49
Return On Equity (%)	14.66	17.88
Long Term Debt To Equity (%)	0.00	0.00
Book Value/Share (INR)	216.61	192.45

Indicator	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23
Net Sales/Income from operations	2,166.84	2,126.21	2,009.23	1,778.05	1,768.34
Total Income From Operations	2,166.84	2,126.21	2,009.23	1,778.05	1,768.34
P/L Before Interest, Excpt. Items & Tax	280.55	273.79	276.51	279.87	203.54
P/L Before Exceptional Items & Tax	274.80	269.38	273.58	277.19	201.73
P/L After Tax from Ordinary Activities	202.53	253.84	202.04	205.07	149.90
Net Profit/Loss For the Period	202.53	253.84	202.04	205.07	149.90

Indicator	Mar 24	Mar 23
Revenue From Operations [Gross]	7,609.92	7,882.58
Revenue From Operations [Net]	7,609.92	7,882.58
Total Operating Revenues	7,681.83	7,972.06
Total Revenue	7,757.93	8,019.64
Total Expenses	6,736.04	6,873.76
Profit/Loss Before Tax	1,101.69	1,145.88
Profit/Loss For The Period	810.86	852.00

Indicator	Mar 24	Mar 23
Net CashFlow - Operating Activity	878.06	649.92
Net Cash Used In Investing Activity	-721.84	-276.05
Net Cash Used in Finance Activity	43.53	-359.08
Net Inc/Dec In Cash And Equivalent	200.33	14.79
Cash And Equivalent End Of Year	237.97	37.64

Indicator	Mar 24	Mar 23
Total Share Capital	27.28	27.28
Total Non-Current Liabilities	488.48	245.02
Total Current Liabilities	785.06	793.76
Total Capital And Liabilities	6,096.22	5,128.74
Total Non-Current Assets	3,254.62	2,389.67
Total Current Assets	2,841.60	2,739.07
Total Assets	6,096.22	5,128.74

Indicator	2024	2023
EBIT Margin (%)	13.45	14.68
Return On Capital Employed (%)	19.46	27.00
Return On Equity (%)	16.90	20.83
Long Term Debt To Equity (%)	4.52	1.05
Book Value/Share (INR)	353.57	299.85

Deepak Nitrite Technicals

EMA & SMA

Current Price

₹2,695.₁₀

+ 47.45 (1.79%)

Bullish Moving Average 6

Bearish Moving Average 10

EMA SMA

20 Day
₹2,743.54

50 Day
₹2,797.04

100 Day
₹2,751.51

200 Day
₹2,608.20

Resistance and Support

2635.8

R3 2,728.95
R2 2,693.95
R1 2,670.80

S1 2,612.65
S2 2,577.65
S3 2,554.50

Is Deepak Nitrite Worth Buying?

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Ratings

Master Rating

EPS Strenth

Price Strength

Buyer Demand

Group Rank

Deepak Nitrite Ltd. is a leading Indian chemical manufacturer, specializing in organic, inorganic, and fine chemicals. the company plays a critical role in supplying raw materials for various industries, including agrochemicals, pharmaceuticals, and dyes. Deepak Nitrite has an operating revenue of Rs. 8,080.33 Cr. on a trailing 12-month basis. An annual revenue de-growth of -3% needs improvement, Pre-tax margin of 14% is healthy, ROE of 16% is good. The company has a reasonable debt to equity of 5%, which signals a healthy balance sheet. The stock from a technical standpoint is trading below to its 50DMA and close to its 200DMA. It needs to take out the 50DMA levels and stay above it to make any further meaningful move. From an O'Neil Methodology perspective, the stock has an EPS Rank of 73 which is a FAIR score but needs to improve its earnings, a RS Rating of 41 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at B- which is evident from recent demand for the stock, Group Rank of 70 indicates it belongs to a poor industry group of Chemicals-Specialty and a Master Score of C is fair but needs to improve. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock has mediocre earnings and technical strength, there are superior stocks in the current market environment. Disclaimer: This stock analysis report is algorithmically generated for informational purposes only and should not be considered as a buy or sell recommendation. (+)

Deepak Nitrite Corporate Actions - Bonus, Splits, Dividends

Board

Date	Purpose	Remarks
2024-11-13	Quarterly Results
2024-08-05	Quarterly Results	(Revised) per share(225%)Interim Dividend
2024-05-20	Audited Results & Dividend
2024-02-13	Quarterly Results
2023-11-07	Quarterly Results

Deepak Nitrite F&O

Deepak Nitrite Shareholding Pattern

Sep 24
Jun 24
Mar 24
Dec 23

Promoters
Mutual Funds
Insurance Companies
Foreign Portfolio Investors
Financial Institutions/ Banks
Individual Investors
Others

Promoters

49.24%

Mutual Funds

11.43%

Insurance Companies

10.06%

Foreign Portfolio Investors

6.68%

Financial Institutions/ Banks

0.01%

Individual Investors

18.62%

Others

3.96%

About Deepak Nitrite

Mr. C.K. Mehta founded Deepak Group in 1970, with DNL serving as its flagship company. It started out as a manufacturer of sodium nitrite & sodium nitrate, operating entirely within country, & over time it expanded its range of products. Currently, DNL leads market for majority of its products both domestically & internationally. With more than 100 products in its range, DNL can be roughly categorized into two segments: phenolics & advanced intermediates. The company operates five production facilities: one each in Hyderabad, Telangana; Taloj & Roha in Maharashtra; & Nandesari & Dahej in Gujarat. DNL maintains a research & development center in Nandesari, Gujarat. A further factor in the company's success has been its deliberate purchase of businesses with complementary product lines.

Company's wholly-owned subsidiary, DPL, officially opened its phenol & acetone manufacturing plant in Dahej in November 2018. DNL recorded net profit of ₹ 852.0 crore on operating income of ₹ 7,992.1 cr on consolidated basis in FY2023, as opposed to net profit of ₹ 1,066.6 cr on operating income of ₹ 6,821.3 cr in FY2022.
One of India's most reputable & rapidly expanding chemical intermediates companies is Deepak Nitrite (DNL). It boasts more than 1000 clients, more than 56 applications, & more than 30 products. largest phenol & acetone producer in India as of 2019.

In terms of sodium nitrite, sodium nitrate, & NitroToluenes, Deepak Nitrite holds ~75% market share in India. With a market share of almost 50%, the company has been successful in replacing most of the local market's imports of acetone & phenol. Additionally, it ranks in top three worldwide players for oximes, cumidines, & xylidines.

(+)

NSE Symbol
DEEPAKNTR

BSE Symbol
506401

Chairman & Managing Director
Mr. Deepak C Mehta

ISIN
INE288B01029

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Deepak Nitrite Share Price

₹2,695.₁₀ +47.45 (1.79%)