Is Deepak Nitrite a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Deepak Nitrite Ltd is a good quality company .

Is Deepak Nitrite undervalued or overvalued?

The key valuation ratios of Deepak Nitrite Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Deepak Nitrite share price return in the past 10 years?

Deepak Nitrite Ltd share price has appreciated 40.9% annually (CAGR) over the past ten years.

Is Deepak Nitrite a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Deepak Nitrite Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

Deepak Nitrite Ltd - Stock Valuation and Financial Performance

Name: Deepak Nitrite
Brand: Deepak Nitrite

BSE: 506401 | NSE: DEEPAKNTR | Chemicals | Mid Cap

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Deepak Nitrite Share Price

₹2,566 -30.45 -1.17%
as on 26-Dec'24 16:01

10 Year X-Ray of Deepak Nitrite:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	12.4%	14%	15.9%	12.1%	18.4%	47.2%	27.3%	31.3%	25%	20.2%	-
Value Creation Index ⓘ	-0.1	0	0.1	-0.1	0.3	2.5	1.4	1.8	1.2	0.8	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	1,327	1,336	1,233	1,455	1,792	2,230	1,809	2,511	3,034	2,724	2,666
Sales YoY Gr.	-	0.7%	-7.7%	18%	23.2%	24.4%	-18.9%	38.8%	20.8%	-10.2%	-
Adj EPS ⓘ	5.1	5.7	4.2	6.1	10.6	40	26	34.9	33.5	26.4	29
YoY Gr.	-	11.1%	-27%	46.6%	74.3%	276.7%	-35%	34.1%	-4.1%	-21%	-
BVPS (₹) ⓘ	33.1	40.9	56	69.2	77.6	109.3	135.3	165.4	192.5	216.6	224.1
Adj Net Profit ⓘ	53.7	66.3	54.3	83.2	145	546	355	476	456	361	396
Cash Flow from Ops. ⓘ	105	191	92.9	214	277	515	442	228	310	418	-
Debt/CF from Ops. ⓘ	5.2	2.6	6.2	2.2	1.2	0.4	0	0.1	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	8.3%	8.7%	14.6%	-10.2%
Adj EPS ⓘ	20%	20%	0.5%	-21%
BVPSⓘ	23.2%	22.8%	17%	12.6%
Share Price	40.9%	47.2%	3.5%	3.7%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	16.4	16.1	9	9.9	14.5	42.8	21.3	23.2	18.7	12.9	13.2
Op. Profit Mgn % ⓘ	10.4	12.7	11.7	14.4	17.6	36.1	29.4	25.7	19.4	16.4	13.8
Net Profit Mgn % ⓘ	4	5	4.4	5.7	8.1	24.5	19.6	19	15	13.2	14.8
Debt to Equity ⓘ	1.6	1	0.8	0.5	0.3	0.1	0	0	0	0	0
Working Cap Days ⓘ	133	133	153	160	137	107	131	116	128	164	106
Cash Conv. Cycle ⓘ	69	69	69	53	39	25	53	61	76	93	83

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 14.62%

Return on Equity has declined versus last 3 years average to 13.20%

Net Profit has been subdued in last 3 years 0.52%

Sales growth is not so good in last 4 quarters at -10.62%

Latest Financials - Deepak Nitrite Ltd.

	Standalone	Consolidated
TTM EPS (₹)	29	62.5
TTM Sales (₹ Cr.)	2,666	8,334
BVPS (₹.) ⓘ	224.1	373.1
Reserves (₹ Cr.) ⓘ	3,029	5,061
P/BV ⓘ	11.59	6.96
PE ⓘ	89.54	41.53

From the Market
52 Week Low / High (₹)	2022.80 / 3168.65
All Time Low / High (₹)	0.92 / 3168.65
Market Cap (₹ Cr.)	35,414
Equity (₹ Cr.)	27.3
Face Value (₹)	2
Industry PE ⓘ	57.5

Management X-Ray of Deepak Nitrite:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Deepak Nitrite

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Deepak Nitrite

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	1,327	1,336	1,233	1,455	1,792	2,230	1,809	2,511	3,034	2,724
Operating Expenses ⓘ	1,190	1,168	1,090	1,251	1,487	1,431	1,279	1,865	2,447	2,278
Manufacturing Costs	182	198	178	197	229	250	223	318	367	355
Material Costs	835	766	684	817	950	860	740	1,180	1,632	1,456
Employee Cost	100	116	119	132	159	173	181	197	230	250
Other Costs ⓘ	73	88	109	104	150	149	134	171	218	216
Operating Profit ⓘ	137	168	143	204	305	798	530	646	587	446
Operating Profit Margin (%)	10.3%	12.6%	11.6%	14.0%	17.0%	35.8%	29.3%	25.7%	19.3%	16.4%
Other Income ⓘ	5	2	11	12	5	8	21	72	102	124
Interest ⓘ	38	39	32	42	45	22	6	3	3	4
Depreciation ⓘ	36	39	48	52	53	78	67	73	76	87
Exceptional Items ⓘ	0	0	75	0	0	0	0	0	0	80
Profit Before Tax ⓘ	68	91	149	122	212	706	479	642	610	558
Tax ⓘ	14	26	38	39	74	162	124	156	140	125
Profit After Tax	53	65	111	83	138	544	355	486	469	433
PAT Margin (%)	4.0%	4.9%	9.0%	5.7%	7.7%	24.4%	19.6%	19.4%	15.5%	15.9%
Adjusted EPS (₹)	5.1	5.6	8.5	6.1	10.1	39.9	26.0	35.7	34.4	31.8
Dividend Payout Ratio (%)	20%	21%	14%	21%	20%	11%	21%	20%	22%	24%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	347	476	732	944	1,058	1,491	1,845	2,256	2,625	2,955
Share Capital ⓘ	21	23	26	27	27	27	27	27	27	27
Reserves ⓘ	326	453	706	917	1,031	1,464	1,817	2,229	2,598	2,927
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	470	394	445	357	266	178	0	14	0	0
Long Term Debt	239	159	137	93	82	0	0	0	0	0
Short Term Debt	231	235	308	264	184	178	0	14	0	0
Trade Payables	109	130	175	314	325	239	219	259	288	251
Others Liabilities ⓘ	198	259	206	186	179	138	107	114	136	165
Total Liabilities ⓘ	1,124	1,259	1,558	1,800	1,828	2,047	2,171	2,642	3,050	3,371
Fixed Assets
Gross Block	817	898	598	649	641	846	1,031	996	1,120	1,302
Accumulated Depreciation	269	301	30	80	51	126	255	322	392	466
Net Fixed Assetsⓘ	548	597	568	569	589	720	776	674	728	835
CWIP ⓘ	38	10	41	36	29	90	69	83	77	126
Investmentsⓘ	17	133	358	455	563	563	689	909	1,057	945
Inventories	105	121	141	188	233	233	210	339	448	381
Trade Receivables	311	296	315	369	344	366	354	550	597	614
Cash Equivalents	3	4	2	32	6	4	4	9	18	175
Others Assetsⓘ	101	97	133	150	64	71	69	79	125	296
Total Assets ⓘ	1,124	1,259	1,558	1,800	1,828	2,047	2,171	2,642	3,050	3,371

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	105	191	93	214	277	515	442	228	310	418
PBT ⓘ	68	91	149	122	212	706	479	642	610	558
Adjustment ⓘ	73	80	0	95	96	113	61	23	-6	-25
Changes in Working Capital ⓘ	-21	39	-40	25	15	-113	23	-285	-155	8
Tax Paid ⓘ	-14	-19	-16	-28	-46	-190	-120	-152	-139	-123
Cash Flow From Investing Activity ⓘ	-87	-162	-274	-189	-78	-268	-226	-159	-188	-156
Capex	-68	-52	-4	-55	-70	-269	-102	14	-125	-206
Net Investments	0	-68	-35	88	52	0	-125	-303	90	302
Others ⓘ	-18	-42	-234	-222	-60	1	1	130	-153	-252
Cash Flow From Financing Activityⓘ	-22	-28	178	-25	-198	-248	-215	-64	-113	-106
Net Proceeds from Shares ⓘ	0	81	146	146	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-13	-63	7	-69	-55	-113	-30	0	0	0
Interest Paid ⓘ	-37	-37	-31	-40	-44	-21	-5	-2	-2	-2
Dividend Paid ⓘ	-10	-10	-14	-16	-18	-106	0	-75	-95	-102
Others ⓘ	39	2	70	-47	-82	-8	-180	12	-16	-1
Net Cash Flow ⓘ	-4	1	-2	0	2	-1	1	4	9	157

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	16.39	15.87	18.33	9.96	13.79	42.68	21.27	23.71	19.23	15.54
ROCE (%)	12.4	14.02	15.92	12.1	18.44	47.21	27.32	31.34	25.02	20.17
Asset Turnover Ratio	1.3	1.19	0.93	0.88	0.99	1.15	0.86	1.04	1.07	0.85
PAT to CFO Conversion(x)	1.98	2.94	0.84	2.58	2.01	0.95	1.25	0.47	0.66	0.97
Working Capital Days
Receivable Days	78	78	85	84	73	58	73	66	69	81
Inventory Days	30	29	36	41	43	38	45	40	47	55
Payable Days	55	57	82	109	123	120	113	74	61	68

Deepak Nitrite Ltd Stock News

Deepak Nitrite Ltd FAQs

What is the share price of Deepak Nitrite?

Company share prices are keep on changing according to the market conditions. The closing price of Deepak Nitrite on 26-Dec-2024 16:01 is ₹2,566.

What is the market cap of Deepak Nitrite?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 26-Dec-2024 16:01 the market cap of Deepak Nitrite stood at ₹35,413.8.

What is the P/E ratio of Deepak Nitrite?

The latest P/E ratio of Deepak Nitrite as of 26-Dec-2024 16:01 is 89.54.

What is the P/B ratio of Deepak Nitrite?

The latest P/B ratio of Deepak Nitrite as of 26-Dec-2024 16:01 is 11.59.

What is the 52-week high and low of Deepak Nitrite?

The 52-week high of Deepak Nitrite is ₹3,168.7 and the 52-week low is ₹2,022.8.

What is the TTM revenue of Deepak Nitrite?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Deepak Nitrite is ₹2,666 ( Cr.) .

About Deepak Nitrite Ltd

Deepak Nitrite began in 1970 with a vision to support the country’s drive towards self-sufficiency and import substitution. Ranked amongst Fortune Next 500 and 25 Top wealth creators by the prestigious Fortune India Magazine, Deepak Nitrite Limited (DNL) today is one of India's fastest-growing chemical intermediates companies with a diversified business of Basic Chemicals, Fine & Speciality and Performance Products. Further, it manufactures Phenol, Acetone & Iso-Propyl Alcohol through its wholly-owned subsidiary, Deepak Phenolics Limited.

Deepak Nitrite’s manufacturing facilities are located at Nandesari and Dahej in Gujarat, Roha and Taloja in Maharashtra, and Hyderabad in Telangana. Today, DNL caters to over hundreds of customers in many continents with various products.

Business area of the company

Deepak Nitrite manufactures chemical intermediates to serve the domestic and international market with high quality products made in a responsible and sustainable manner.

Diversified Product Portfolio

Basic Chemicals

Sodium Nitrite
Sodium Nitrate
Nitro Toluidines
Fuel Additives
Nitrosyl Sulphuric Acid

Fine & Speciality Chemicals

Xylidines
Oximes
Cumidines
Speciality
Agrochemicals

Performance Products

Optical Brightening Agent (OBA)
DASDA

Phenolics

Phenol
Acetone
Cumene
Isopropyl alcohol

Awards and recognitions

2016-17

The company was conferred with Corporate Social Responsibility Award 2015-16 in the category of Women Empowerment Private Sector Companies with turnover between Rs 201 Crores - Rs 3000 Crores by FICCI. Further, the Comprehensive Emergency Obstetric & Newborn Care (CEmONC) implemented in partnership with Govt. of Gujarat by Deepak Foundation under the CSR activities of the company has been awarded as the Best CSR project by Gujarat CSR authority for cohesive and strategic partnerships.

2017-18

FGI Recognition, 2018: Deepak Foundation was conferred with Certificate of Merit at the 15th Federation of Gujarat Industries (FGI) Awards for energetically engaging in CSR activities.
Millennium Alliance Award, 2017: Conferred with the Millennium Alliance Round-4 Innovations Award 2016-17 for community-owned initiatives to secure food security in tribal areas.
EHS Award: Deepak Nitrite Limited, Nandesari awarded by Gujarat Safety Council, Vadodara and DISH, Gujarat in two different categories for achieving Accident-free Man-hours. The plant has achieved 8.7 Million Safe Man-hours.
GCSRA Award, 2017: Best CSR project for Cohesive & Strategic Partnerships under the large companies category - for Comprehensive Emergency Obstetric and Newborn Care (CEmONC) unit at Jabugam, implemented with the CSR support of Deepak Nitrite Ltd and in partnership with the Gujarat Government.
ICC Award for Social Responsibility, 2017: Deepak Foundation conferred with the ICC Award For Social
Responsibility by the Indian Chemicals Council for promoting women empowerment in tribal areas of Chhota Udepur district in Gujarat.
TATA group Recognition, 2018: Excellent Performance as Most Collaborative Partner, 2018 recognised by Rallis, A TATA Group Company.
FICCI Chemicals & Petrochemicals Award, 2017: Mr. Deepak C. Mehta, CMD, honoured for his ‘Distinguished Contribution to Indian Chemicals Industry’.
Gujarat’s Best Employer Brand Award: Honoured with “Gujarat Best Employer Brand Award” by World HRD Congress for using marketing communications effectively in attracting, retaining and developing talent and in retention policy.
ET NOW TV: channel felicitated Deepak Nitrite as “Super Achievers 2017 - Making New India”.

2018-19

Star of Baroda Award: Bhaskar Group, a well-known media house in the country, awarded Deepak Nitrite Limited, the Star of Baroda Award for being the most Responsible Chemical Company in the country.
Deepak Nitrite Limited makes to Fortune 500 exclusive club of Fortune India Magazine: Shri Maulik Mehta, Whole Time Director, DNL received felicitation of top 25 wealth creator under mid-size category on behalf of the comany from Shri Jayant Sinha, Hon. Union Minister of State for Civil Aviation and Shri Chaudhary Birendra Singh, Hon. Union Minister of Steel at Fortune 500 award ceremony.
National Best Employer Brands 2018: At an event held at Taj Lands End, Mumbai, the Global Employer Branding Institute and World HRD Congress conferred Deepak Nitrite Limited with National Best Employer Brands 2018.
Gujarat Brand Leadership Awards 2018: Deepak Foundation was felicitated with NGO Leadership Award at Gujarat Brand Leadership Awards 2018 for its valuable contribution towards the upliftment of the society. The award was conferred in presence of Dr. R.L. Bhatia, Founder of World CSR Day and World Sustainability Day at Radison Blu, Ahmedabad on September 27, 2018.
Shram Award by Government of Gujarat: Marking Deepak Nitrite’s unwavering commitment toward employee health and safety, the Government of Gujarat conferred Shri Jaydeep Patel from HAS Plant, Shram Award on February 17, 2019.

2019-20

India’s Top 500 Companies: Deepak Nitrite Limited has been ranked, recognized, and profiled in Dun & Bradstreet’s list of India’s Top 500 Companies for the year 2020 publication as one of the leading companies in the Chemicals Sector.
CFO100 Roll of Honour: Deepak Nitrite Limited’s Director- Finance and CFO, Sanjay Upadhyay honoured at 10th Annual CFO100 Roll of Honour. The CFO100 Programme annually recognises the top 100 senior finance professionals in India.
Transformance: Best innovation in digital communication: Deepak Nitrite Limited (DNL) was conferred with “Best Innovation in Digital Communication” by Transformance forums for its digital campaigns and social media initiatives.
Times Icon of Vadodara: Deepak Nitrite Limited (DNL) was conferred with Best Chemical Intermediates Company ‘Times Icon of Vadodara’ award by Times Internet Limited- a division of Times of India. Sanjay Upadhyay, Director - Finance & DFO from DNL received the award on behalf of the company. The award was presented by Femina Miss India World Suman Rao, the special guest at the event.
Roll of Honour- Dalal Street Journal: Deepak Nitrite Limited’s CFO- Mr. Sanjay Upadhyay recognized as ‘Best CFO under Chemicals in Mid-Cap 2020’.