Deepak Nitrite Share Price Target 2024-2030 Fundamentals & Quarterly Results

Deepak Nitrite Share Price Target 2024, 2025, 2026, 2027, 2028, 2029, 2030 Fundamentals & Quarterly Results – Deepak Nitrite Ltd is a chemical manufacturing company that is divided into three categories: Basic Chemicals, Fine and Specialty Chemicals, and Performance Products. Most of its sales come from the section on Basic Chemicals. Some of its products are Sodium Nitrite; Nitro Toluidines; Nitrosyl Sulphuric Acid; Oximes; Cumidines; Optical Brightening Agent (OBA); Phenol and other similar items.Deepak Nitrite Share Price Target

Latest Update – the deep-rooted chemical-producing firm Deepak Nitrite Ltd disclosed a remarkable growth of net profit by 35.1% on yearly basis (YoY) to reach ₹202.5 crore by the end of first quarter which terminated on June 30th, 2024.

Deepak Nitrite Overview

in 1970 is the incorporation of Deepak Nitrite Ltd that manufactures Basic Intermediates, Fine & Speciality Chemicals, Performance Products, and Phenolics.

Company Name Deepak Nitrite Ltd
Listed at NSE & BSE
Head Office 2nd Floor, Fermenter House, Alembic City, Alembic Avenue Road,
Vadodara – 390 003, Gujarat, India.
Board Of Directors
  • Mr.Deepak C Mehta Chairman & Managing Director
  • Mr.Sanjay Upadhyay Director & Group CFO
  • Mr.Maulik D Mehta Executive Director & CEO
  • Mr.Prakash Dinkar Samudra Independent Director
  • Mr.Sanjay Asher Independent Director
  • Ms.Purvi Sheth Independent Director
  • Mr.Dileep Choksi Independent Director
  • Mr.Vipul Shantilal Shah Independent Director
  • Mr.Punit Sanjay Lalbhai Independent Director
  • Mr.Ajay C Mehta Non Executive Director
  • Mr.Meghav Mehta Non Executive Director
  • Mr.Sandesh Kumar Anand Non Executive Director
Official Website godeepak.com

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Deepak Nitrite Business Profile

Deepak Nitrite (DNL) is a chemical intermediary company in India that is growing quickly and one that is trusted. It has more than 30 hundred to a thousand products. In India, It became the biggest producer of Phenol & Acetone with Award.

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Business Overview

Deepak Nitrite lead 75% market sugar topple sodium nitrite, sodium nitrate, and NitroToluenes among others of his field in India. At has successfully substituted most of the local market imports in Phenol and Acetone, with a market share of about 50%. Also, it is within the top three global players for xylidines, cumidines, methanolamines among others.

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Product

Phenolics – In Dahej, commercial production of Phenol and Acetone was started by Deepak Phenolics (a wholly-owned subsidiary of the Company) in 2019. IPA, Acetone, and Phenol are among the company’s manufactured products while customer base includes pharmaceuticals, paints, adhesives, thinners, ply, laminates, foundry, etc.

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Basic Intermediates – The company makes nitrites, nitrogen toluidines and fuel additives used in the colorants, petrochemicals, rubbers, agrochemicals, pharmaceuticals and other industries. These are high volume chemicals that are priced relatively high.

Fine & Speciality Chemicals– The division specializes in the production of other specialty chemicals such as Xylidines, Oximes, and Cumidines. These products are highly customized and made in small quantities, but have a higher value due to their use in agriculture, chromatics, paper, cleaning products, and medicine.

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Performance Products-Optical Brightening Agents, DASDA, and products of this division are used in Paper, Detergents, Textiles, Coating Applications in Printing, and Photographic Paper.

Expansion Plans

The organization acquired land for enlarging and expanding their services in Dahej, Gujarat for Rs.141 crore and after buying more land it received from this deal two more pieces – one near Hyderabad and another somewhere close to Roha.

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The organization plans to invest approximately Rs. 300 Cr in new environmentally friendly technology based products for agrochemical and pharmaceutical intermediate, with an additional Rs. 100 Cr earmarked for some brownfield expansions currently produced.

Thoroughly establish that it plans on including valuable types of solvents while ₹ 700 Crores have been earmarked for it, a project expected to finish by FY24.

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Deepak Nitrite Fundamentals & Quarterly Results

Terms Value
Market Cap ₹ 33,150 Cr.
Current Price ₹ 2,430
High / Low ₹ 2,620 / 1,900
Stock P/E 44.1
Book Value ₹ 352
Dividend Yield 0.31 %
ROCE 22.3 %
ROE 16.9 %
Face Value ₹ 2.00
Debt to equity 0.06
Debt Capacity 0.09
Debt preceding year ₹ 72.9 Cr.
Debt ₹ 286 Cr.
Reserves ₹ 4,769 Cr.
EPS ₹ 59.4
EPS last year ₹ 59.4
Pledged percentage 0.00 %
FCF Prev Ann ₹ 290 Cr.
EVEBITDA 27.5
Industry PE 38.0
PEG Ratio 1.31
Piotroski score 6.00
Earnings yield 3.14 %
Sales growth 5Years 23.3 %

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Deepak Nitrite Quarterly Results

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Sales (₹ Cr.) 1,872 2,058 1,962 1,991 1,961 1,768 1,778 2,009 2,126
Expenses (₹ Cr.) 1,462 1,702 1,691 1,676 1,613 1,559 1,476 1,705 1,825
Operating Profit (₹ Cr.) 410 356 271 315 348 210 302 305 301
OPM % 22% 17% 14% 16% 18% 12% 17% 15% 14%
Other Income (₹ Cr.) 4 10 12 13 13 32 17 14 99
Interest (₹ Cr.) 7 9 6 6 4 2 3 3 4
Depreciation (₹ Cr.) 45 42 42 41 41 38 39 42 46
Profit Before Tax (₹ Cr.) 362 315 235 281 315 202 277 274 349
Tax % 26% 26% 26% 26% 26% 26% 26% 26% 27%
Net Profit (₹ Cr.) 267 235 174 209 234 150 205 202 254
EPS (₹) 19.59 17.20 12.79 15.33 17.15 10.99 15.04 14.81 18.61

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CAGR Report

10 Years 5 Years 3 Years TTM / 1 Year
Compounded Sales Growth % 23% 21% -4%
Compounded Profit Growth % 34% -1% -11%
Stock Price CAGR 38% 54% 11% 12%
Return on Equity % 28% 24% 17%

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Deepak Nitrite Shareholding pattern

Shareholder Type Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Promoters (%) 46.52 44.65 44.85 45.69 45.69 45.72 49.13 49.13
FIIs (%) 14.41 11.14 10.28 10.96 11.87 8.76 7.72 6.72
DIIs (%) 11.59 13.81 15.53 16.19 11.64 10.03 15.06 19.27
Government (%) 0.00 0.16 0.00 0.00 0.00 0.00 0.00 0.00
Public (%) 27.48 30.23 29.34 27.16 30.80 35.50 28.10 24.87
No. of Shareholders 16,744 31,992 37,503 63,056 1,90,915 6,39,690 6,49,046 5,02,250

Deepak Nitrite Share Price Target 2024-2030 Forecast

Year Share Price Target (₹)
2024 2689.45
2025 2931.35
2026 3100.38
2027 3301.20
2028 3490.45
2029 3846.57
2030 4158.68

Deepak Nitrite Share Price Target 2025

Month Price
January 2025 ₹2699.10
February 2025 ₹2724.10
March 2025 ₹2739.20
April 2025 ₹2756.20
May 2025 ₹2778.15
June 2025 ₹2799.10
July 2025 ₹2824.20
August 2025 ₹2848.30
September 2025 ₹2867.35
October 2025 ₹2879.40
November 2025 ₹2898.40
December 2025 ₹2931.35

Deepak Nitrite Share Price Target 2026

Minth Price
January 2026 ₹2946.60
February 2026 ₹2959.65
March 2026 ₹2971.70
April 2026 ₹3001.75
May 2026 ₹3014.80
June 2026 ₹3019.90
July 2026 ₹3038.00
August 2026 ₹3046.30
September 2026 ₹3066.35
October 2026 ₹3079.40
November 2026 ₹3090.40
December 2026 ₹3100.38

Deepak Nitrite Share Price Target 2027

Month Price
January 2027 ₹3130.60
February 2027 ₹3144.65
March 2027 ₹3155.70
April 2027 ₹3168.75
May 2027 ₹3189.80
June 2027 ₹3199.90
July 2027 ₹3215.00
August 2027 ₹3233.30
September 2027 ₹3250.35
October 2027 ₹3264.40
November 2027 ₹3282.40
December 2027 ₹3301.20

Deepak Nitrite Share Price Target 2028

Month Price
January 2028 ₹3311.1050
February 2028 ₹3315.50
March 2028 ₹3333.50
April 2028 ₹3352.60
May 2028 ₹3367.65
June 2028 ₹3378.60
July 2028 ₹3389.44
August 2028 ₹3399.50
September 2028 ₹3415.00
October 2028 ₹3445.30
November 2028 ₹3468.55
December 2028 ₹3490.45

Deepak Nitrite Share Price Target 2029

Month Price
January 2029 ₹3518.10
February 2029 ₹3539.20
March 2029 ₹3555.20
April 2029 ₹3567.60
May 2029 ₹3577.65
June 2029 ₹3589.60
July 2029 ₹3599.44
August 2029 ₹3613.50
September 2029 ₹3642.60
October 2029 ₹3667.70
November 2029 ₹3689.90
December 2029 ₹3712.53

Deepak Nitrite Share Price Target 2030

Month Price
January 2030 ₹3813.10
February 2030 ₹3845.20
March 2030 ₹3876.40
April 2030 ₹3890.60
May 2030 ₹3943.65
June 2030 ₹3968.80
July 2030 ₹3993.00
August 2030 ₹4012.30
September 2030 ₹4045.60
October 2030 ₹4089.70
November 2030 ₹4143.90
December 2030 ₹4158.68

Official Website –godeepak.com

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