| Announced on | Meeting on |
| May 07, 2024 | May 20, 2024 |
| Audited Results & Dividend | |
| Jan 24, 2024 | Feb 13, 2024 |
| Quarterly Results | |
| Oct 17, 2023 | Nov 07, 2023 |
| Quarterly Results | |
| Jul 17, 2023 | Aug 03, 2023 |
| Quarterly Results | |
| Apr 26, 2023 | May 11, 2023 |
| Audited Results & Final Dividend | |
Deepak Nitrite Share Price
NSE
- Open2,645.00
- High2,739.00
- Low2,630.20
- Prev Close2,616.00
- Volume20,94,904
- VWAP(₹)2,701.60
Deepak Nitrite share price insights
Rank 252 - ET 5002023 ranking
Intraday fact check
In the last 13 years, only 3.38 % trading sessions saw intraday gains higher than 5 % .Passing Profits to Shareholders
Company has consistently declining ROE in last 5 years. Majority of profits last year were disbursed as dividends to shareholders. (Source: Consolidated Financials)Topline Contraction
Sales de-grew by 3.26%. Company witnessed revenue contraction for the first time in last 3 years. (Source: Consolidated Financials)Candle Formations Yesterday
White Spinning Top was formed for Deepak NitriteDeepak Nitrite Share Price Update
Deepak Nitrite Ltd. share price moved up by 2.71% from its previous close of Rs 2,616.00. Deepak Nitrite Ltd. stock last traded price is 2,686.70
Share Price Value Today/Current/Last 2,686.70 Previous Day 2,616.00
Deepak Nitrite Share Price Returns
| 1 Day | 2.71% |
| 1 Month | 22.61% |
| 3 Months | 21.96% |
| 1 Year | 23.6% |
| 3 Years | 39.38% |
| 5 Years | 792.59% |
Key Metrics
| PE Ratio(x) | 45.19 |
| EPS - TTM(₹) | 59.45 |
| MCap(₹ Cr.) | 36,644.72 |
| MCap Rank | 3 |
| PB Ratio(x) | 7.40 |
| Div Yield(%) | 0.28 |
| Face Value(₹) | 2.00 |
| 52W High(₹) | 2,739.00 |
| 52W Low(₹) | 1,900.20 |
| MCap/Sales | 3.77 |
| Beta(1 Month) | 1.61 |
| BV/Share(₹) | 353.59 |
Deepak Nitrite Share Recommendations
Mean recosCurrent
HOLD
15 Analysts
Strong
SellSellHoldBuyStrong
Buy
SellSellHoldBuyStrong
Buy
Analyst Trends
| Ratings | Current | 1W Ago | 1M Ago | 3M Ago |
|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 |
| Buy | 5 | 5 | 5 | 6 |
| Hold | 4 | 4 | 4 | 3 |
| Sell | 3 | 3 | 3 | 3 |
| Strong Sell | 1 | 1 | 1 | 1 |
| # Analysts | 15 | 15 | 15 | 15 |
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Deepak Nitrite News & Analysis
- News
NewsDeepak Nitrite surges 4.8% after double upgrade from Morgan Stanley - News
- Announcements
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Deepak Nitrite Financials
Consolidated
Mar 2024 Dec 2023 Sep 2023 Jun 2023 Mar 2023 Total Income 2,145.34 2,022.78 1,795.09 1,800.21 1,973.93 Total Income Growth (%) 6.06 12.68 -0.28 -8.80 -1.52 Total Expenses 1,791.75 1,746.27 1,515.22 1,596.67 1,654.32 Total Expenses Growth (%) 2.60 15.25 -5.10 -3.48 -3.68 EBIT 353.59 276.51 279.87 203.54 319.61 EBIT Growth (%) 27.88 -1.20 37.50 -36.32 11.42 Profit after Tax (PAT) 253.86 202.05 205.08 149.90 233.86 PAT Growth (%) 25.64 -1.48 36.81 -35.90 11.87 EBIT Margin (%) 16.48 13.67 15.59 11.31 16.19 Net Profit Margin (%) 11.83 9.99 11.42 8.33 11.85 Basic EPS (₹) 18.61 14.81 15.04 10.99 17.15 All figures in Rs Cr, unless mentioned otherwise
InsightsTopline Contraction
Sales de-grew by 3.26%. Company witnessed revenue contraction for the first time in last 3 years. (Source: Consolidated Financials)Employee & Interest Expense
Company has spent less than 1% of its operating revenues towards interest expenses and 4.57% towards employee cost in the year ending 31 Mar, 2024. (Source: Consolidated Financials)
Annual FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 Total Assets 6,096.22 5,128.74 4,430.46 3,560.30 3,208.61 Total Assets Growth (%) 18.86 15.76 24.44 10.96 9.59 Total Liabilities 1,273.54 1,038.78 1,092.02 1,213.65 1,636.70 Total Liabilities Growth (%) 22.60 -4.88 -10.02 -25.85 -11.83 Total Equity 4,822.68 4,089.96 3,338.44 2,346.65 1,571.91 Total Equity Growth (%) 17.92 22.51 42.26 49.29 46.69 Current Ratio (x) 3.62 3.45 3.06 2.62 1.54 Total Debt to Equity (x) 0.05 0.01 0.09 0.25 0.65 Contingent Liabilities 0.00 494.01 165.51 106.37 173.98 All figures in Rs Cr, unless mentioned otherwise
Annual FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 Net Cash flow from Operating Activities 878.03 649.92 823.84 999.04 764.66 Net Cash used in Investing Activities -721.84 -276.05 -424.06 -396.16 -427.92 Net Cash flow from Financing Activities 43.53 -359.08 -385.82 -596.13 -337.56 Net Cash Flow 199.72 14.79 13.96 6.75 -0.82 Closing Cash & Cash Equivalent 237.97 37.64 22.85 8.89 2.14 Closing Cash & Cash Equivalent Growth (%) 532.23 64.73 157.03 315.42 -27.71 Total Debt/ CFO (x) 0.25 0.08 0.36 0.58 1.34 All figures in Rs Cr, unless mentioned otherwise
InsightsIncrease in Cash from Investing
Company has used Rs 721.84 cr for investing activities which is an YoY increase of 161.49%. (Source: Consolidated Financials)
Annual FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 Return on Equity (%) 16.90 20.83 31.95 33.06 38.87 Return on Capital Employed (%) 19.46 27.00 39.86 37.11 37.45 Return on Assets (%) 13.30 16.61 24.07 21.79 19.04 Interest Coverage Ratio (x) 101.38 53.95 48.36 17.10 8.02 Asset Turnover Ratio (x) 1.37 0.81 0.81 0.67 131.82 Price to Earnings (x) 35.71 29.50 28.74 29.15 8.64 Price to Book (x) 6.03 6.14 9.17 9.63 3.35 EV/EBITDA (x) 23.94 18.81 18.75 18.25 5.91 EBITDA Margin (%) 15.61 16.77 24.20 29.09 25.08 InsightsPassing Profits to Shareholders
Company has consistently declining ROE in last 5 years. Majority of profits last year were disbursed as dividends to shareholders. (Source: Consolidated Financials)
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Peer Comparison
NAME 1D 1W 1M 3M 1Y 3Y 5Y Deepak Nitrite Stock Performance 2.71 22.61 10.30 21.79 33.01 51.07 738.15 Vishnu Chem Stock Performance -2.18 46.93 64.31 62.38 26.02 445.95 1568.46 Pondy Oxides Stock Performance 11.63 50.87 36.02 32.55 127.71 0.00 0.00 Sree Rayalaseema Stock Performance -0.93 11.91 5.43 4.38 -11.30 88.36 302.33 Indo Borax Chem Stock Performance 15.26 29.69 20.07 18.66 63.96 0.00 0.00 All values in %
Insights
Stock Returns vs Nifty Midcap 100
Stock gave a 3 year return of 51.07% as compared to Nifty Midcap 100 which gave a return of 98.13%. (as of last trading session)
Mutual Funds Ownership
MF Ownership as on 31 May 2024
328.69
Amount Invested (in Cr.)
3.17%
% of AUM
0.00
% Change (MoM basis)
304.15
Amount Invested (in Cr.)
2.38%
% of AUM
0.00
% Change (MoM basis)
241.07
Amount Invested (in Cr.)
2.19%
% of AUM
0.00
% Change (MoM basis)
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Deepak Nitrite Futures & Options
Date Price Open Interest 25-07-2024Current
107.0037.85 (54.74%)
6,19,5004,06,200 (65.57%)
79.00Open132.00High76.05Low69.15Close22,410Contracts Traded1,89,061.52Turnover (₹ Lakhs)Open Interest as of 02 Jul 2024
Date Price Open Interest 25-07-2024Current
2,702.4064.50 (2.45%)
24,60,9004,92,900 (20.03%)
2,584.00Open2,743.85High2,584.00Low2,637.90Prev Close13,851Contracts Traded1,12,561.22Turnover (₹ Lakhs)Open Interest as of 02 Jul 2024
Corporate Actions
Final
375%
May 21, 2024
Board Meeting
Audited Results & Dividend
May 07, 2024
Board Meeting
Quarterly Results
Jan 24, 2024
Announced on Ex-Date Dividend% May 11, 2023 Jul 27, 2023 375% May 04, 2022 Jul 25, 2022 350% May 06, 2021 Jul 20, 2021 50% May 05, 2021 Jul 20, 2021 225% May 21, 2024 - 375% Announced on Ex-Date May 02, 2014 Jun 20, 2014 Bonus Ratio: 1 share(s) for every 1 shares held Sep 29, 1986 - Bonus Ratio: 1 share(s) for every 2 shares held Sep 29, 1980 - Bonus Ratio: 1 share(s) for every 1 shares held Sep 29, 1977 - Bonus Ratio: 4 share(s) for every 5 shares held Announced on Ex-Date May 02, 2014 Jun 20, 2014 Split: Old FV10.0| New FV:2.0 Announced on Ex-Date Dec 19, 2005 Feb 21, 2006 Rights ratio: 2 share for every 4 held at a price of Rs 150.0 Jul 13, 1994 Jul 22, 1994 Rights ratio: 1 share for every 1 held at a price of Rs 18.0 Announced on Meeting on Jul 12, 2023 Aug 04, 2023 Rs.7.5000 per share(375%)Final Dividend & A.G.M. May 23, 2022 Jun 24, 2022 - Jul 08, 2021 Jul 30, 2021 Book closure from 23 Jul, 2021 to 30 Jul, 2021 Jul 14, 2020 Aug 07, 2020 Book closure from 31 Jul, 2020 to 7 Aug, 2020 May 31, 2019 - Book closure from 21 Jun, 2019 to 28 Jun, 2019
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About
Deepak Nitrite Ltd., incorporated in the year 1970, is a Mid Cap company (having a market cap of Rs 36,644.72 Crore) operating in Chemicals sector.
Deepak Nitrite Ltd. key Products/Revenue Segments include Fine Chemicals, Export Incentives, Sale of services, Scrap and Other Operating Revenue for the year ending 31-Mar-2023.
For the quarter ended 31-03-2024, the company has reported a Consolidated Total Income of Rs 2,145.34 Crore, up 6.06 % from last quarter Total Income of Rs 2,022.78 Crore and up 8.68 % from last year same quarter Total Income of Rs 1,973.93 Crore. Company has reported net profit after tax of Rs 253.84 Crore in latest quarter.
The company’s top management includes Mr.Deepak C Mehta, Mr.Maulik D Mehta, Mr.Sanjay Upadhyay, Mr.Ajay C Mehta, Mr.Meghav Mehta, Mr.Sandesh Kumar Anand, Mr.Dileep Choksi, Mr.Prakash Dinkar Samudra, Mr.Punit Sanjay Lalbhai, Ms.Purvi Sheth, Mr.Sanjay Asher, Mr.Vipul Shantilal Shah, Mr.Somsekhar Nanda, Mr.Arvind Bajpai. Company has Deloitte Haskins & Sells LLP as its auditors. As on 31-03-2024, the company has a total of 13.64 Crore shares outstanding.
About Deepak Nitrite
Deepak Nitrite Ltd., incorporated in the year 1970, is a Mid Cap company (having a market cap of Rs 36,644.72 Crore) operating in Chemicals sector. Deepak Nitrite Ltd. key Products/Revenue Segments include Fine Chemicals, Export Incentives, Sale of services, Scrap and Other Operating Revenue for the year ending 31-Mar-2023.For the quarter ended 31-03-2024, the company has reported a Consolidated Total Income of Rs 2,145.34 Crore, up 6.06 % from last quarter Total Income of Rs 2,022.78 Crore and up 8.68 % from last year same quarter Total Income of Rs 1,973.93 Crore. Company has reported net profit after tax of Rs 253.84 Crore in latest quarter.The company’s top management includes Mr.Deepak C Mehta, Mr.Maulik D Mehta, Mr.Sanjay Upadhyay, Mr.Ajay C Mehta, Mr.Meghav Mehta, Mr.Sandesh Kumar Anand, Mr.Dileep Choksi, Mr.Prakash Dinkar Samudra, Mr.Punit Sanjay Lalbhai, Ms.Purvi Sheth, Mr.Sanjay Asher, Mr.Vipul Shantilal Shah, Mr.Somsekhar Nanda, Mr.Arvind Bajpai. Company has Deloitte Haskins & Sells LLP as its auditors. As on 31-03-2024, the company has a total of 13.64 Crore shares outstanding.
Industry
Key Indices Listed On
Nifty Midcap 100, Nifty 200, Nifty 500, BSE 500, Nifty Commodities
Address
Aaditya-I,Chhani Road,Vadodra, Gujarat - 390024
Executive Leadership
DC
Deepak C Mehta
Chairman & Managing DirectorMD
Maulik D Mehta
Executive Director & CEOSU
Sanjay Upadhyay
Director & Group CFOAC
Ajay C Mehta
Non Executive DirectorShow More
Auditors
Deloitte Haskins & Sells LLP
FAQs about Deepak Nitrite share
- 1. What is Deepak Nitrite share price and what are the returns for Deepak Nitrite share?Deepak Nitrite share price was Rs 2,686.70 as on 02 Jul, 2024, 03:59 PM IST. Deepak Nitrite share price was up by 2.71% based on previous share price of Rs. 2616.0. In last 1 Month, Deepak Nitrite share price moved up by 22.61%.
- 2. Who are the peers for Deepak Nitrite in Chemicals sector?Within Chemicals sector Deepak Nitrite, Vishnu Chemicals Ltd., Pondy Oxides & Chemicals Ltd., Sree Rayalaseema Hi-Strength Hypo Ltd. and Indo Borax & Chemicals Ltd. are usually compared together by investors for analysis.
- 3. What are the Deepak Nitrite quarterly results?Total Revenue and Earning for Deepak Nitrite for the year ending 2024-03-31 was Rs 7757.93 Cr and Rs 810.90 Cr on Consolidated basis. Last Quarter 2024-03-31, Deepak Nitrite reported an income of Rs 2145.34 Cr and profit of Rs 253.86 Cr.
- 4. How can I quickly analyze Deepak Nitrite stock?Key Metrics for Deepak Nitrite are:
- PE Ratio of Deepak Nitrite is 45.19
- Price/Sales ratio of Deepak Nitrite is 3.77
- Price to Book ratio of Deepak Nitrite is 7.40
- 5. Who is the Chief Executive Officer of Deepak Nitrite?Maulik D Mehta is the Executive Director & CEO of Deepak Nitrite
- 6. Is Deepak Nitrite giving dividend?An equity Final dividend of Rs 7.5 per share was declared by Deepak Nitrite Ltd. on 11 May 2023. So, company has declared a dividend of 375% on face value of Rs 2 per share. The ex dividend date was 27 Jul 2023.
- 7. What has been highest price of Deepak Nitrite share in last 52 weeks?In last 52 weeks Deepak Nitrite share had a high price of Rs 2,739.00 and low price of Rs 1,900.20
- 8. What is the PE & PB ratio of Deepak Nitrite?The PE ratio of Deepak Nitrite stands at 45.19, while the PB ratio is 7.6.
- 9. Who owns Deepak Nitrite?Following are the key changes to Deepak Nitrite shareholding:
- Promoter holding has not changed in last 9 months and holds 49.13 stake as on 31 Mar 2024
- Domestic Institutional Investors holding has gone up from 15.33 (30 Jun 2023) to 19.26 (31 Mar 2024)
- Foreign Institutional Investors holding have gone down from 8.09 (30 Jun 2023) to 6.72 (31 Mar 2024)
- Other investor holding have gone down from 27.45 (30 Jun 2023) to 24.89 (31 Mar 2024)
- 10. Should I buy, sell or hold Deepak Nitrite?As per Refinitiv (erstwhile Thomson Reuters), overall mean recommendation by 15 analysts for Deepak Nitrite stock is to Hold. Recommendation breakup is as follows
- 2 analysts are recommending Strong Buy
- 5 analysts are recommending to Buy
- 4 analysts are recommending to Hold
- 3 analysts are recommending to Sell
- 1 analyst is recommending Strong Sell
- 11. Who is the chairman of Deepak Nitrite?Deepak C Mehta is the Chairman & Managing Director of Deepak Nitrite
- 12. What is the CAGR of Deepak Nitrite?The CAGR of Deepak Nitrite is 15.21.
- 13. What is the market cap of Deepak Nitrite?Within the Chemicals sector, Deepak Nitrite stock has a market cap rank of 3. Deepak Nitrite has a market cap of Rs 36,644.72 Cr.
- 14. What are the returns for Deepak Nitrite share?Return Performance of Deepak Nitrite Shares:
- 1 Week: Deepak Nitrite share price moved up by 9.23%
- 1 Month: Deepak Nitrite share price moved up by 22.61%
- 3 Month: Deepak Nitrite share price moved up by 21.96%
- 6 Month: Deepak Nitrite share price moved up by 8.37%
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