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.
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
Contents
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 |
|
| 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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| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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