Deepak Nitrite

₹1809.9 6.2 | 0.3%

WEBSITE BSE:506401 NSE : DEEPAK NITR. 23 Mar, 16:01

Market Cap ₹24659 Cr.

Stock P/E 27.9

P/B 6.4

Current Price ₹1809.9

Book Value ₹ 283

Face Value 2

52W High ₹2391

Dividend Yield 0.39%

52W Low ₹ 1682.2

Edit Ratio

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Deepak Nitrite Ltd

Overview Inc. Year: 1970Industry: Chemicals

Deepak Nitrite Ltd is a chemical manufacturing company. The Company's segments include Performance Products, Phenolics, Basic Chemicals, Fine & Speciality Chemicals. The Basic Chemicals section offers sodium nitrate, nitro toluidines, gas additives, sodium nitrite, and nitrosyl sulphuric acid. The Fine & Speciality Chemicals section gives cumidines, xylidines, oximes, and speciality agrochemicals. Its Performance Products consist of diamino stilbene disulfonic acid (DASDA) and optical brightening agent (OBA). Its Phenolics offers cumene, isopropyl alcohol, phenol, and acetone. The Company's merchandise cater to numerous industries, together with colorants, rubber, pharmaceuticals, paper, fabric,petrochemicals, agrochemicals, and detergents. The Company's manufacturing facilities are located at Roha, Taloja (Maharashtra), Nandesari, Dahej (Gujarat) and Hyderabad (Telangana), and its R&D facility is positioned at Nandesari (Gujarat).

Quarterly Price

Quarterly Monthly

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Peer Comparison

Deepak Nitrite Quarterly Results

#(Fig in Cr.)	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Net Sales	987	1235	1463	1526	1681	1722	1872	2058	1962	1991
Other Income	4	5	6	8	8	26	4	10	12	13
Total Income	991	1240	1469	1534	1690	1748	1876	2068	1974	2004
Total Expenditure	711	900	1009	1075	1295	1370	1462	1702	1691	1676
Operating Profit	280	340	461	460	395	378	414	366	283	328
Interest	20	16	14	11	9	7	7	9	6	6
Depreciation	31	34	56	44	44	45	45	42	42	41
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	229	290	390	405	342	325	362	315	235	281
Provision for Tax	59	74	100	103	87	83	95	81	60	72
Profit After Tax	170	217	290	303	254	242	267	235	174	209
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	170	217	290	303	254	242	267	235	174	209
Adjusted Earnings Per Share	12.5	15.9	21.3	22.2	18.6	17.8	19.6	17.2	12.8	15.3

Deepak Nitrite Profit & Loss

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
Net Sales	1327	1373	1371	1651	2700	4230	4360	6802	7883
Other Income	5	2	13	12	18	36	27	54	39
Total Income	1332	1375	1383	1664	2718	4265	4387	6856	7922
Total Expenditure	1191	1207	1234	1453	2286	3201	3115	5207	6531
Operating Profit	141	168	149	211	432	1064	1272	1649	1391
Interest	38	40	37	47	87	118	77	36	28
Depreciation	36	40	48	53	78	140	153	178	170
Exceptional Income / Expenses	0	0	70	0	0	0	0	0	0
Profit Before Tax	67	89	135	111	268	806	1042	1434	1193
Provision for Tax	14	26	38	32	94	195	266	368	308
Profit After Tax	53	63	96	79	174	611	776	1067	885
Adjustments	-0	-0	-0	1	-3	-4	0	0	0
Profit After Adjustments	53	63	96	80	171	607	776	1067	885
Adjusted Earnings Per Share	5.1	5.4	7.4	5.8	12.7	44.5	56.9	78.2	64.9

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	56%	36%	38%	0%
Operating Profit CAGR	30%	56%	62%	0%
PAT CAGR	38%	83%	62%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-18%	77%	48%	53%
ROE Average	38%	41%	30%	26%
ROCE Average	45%	41%	30%	25%

Deepak Nitrite Balance Sheet

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Shareholder's Funds	346	473	715	922	1072	1572	2347	3338
Minority's Interest	0	0	0	0	0	0	0	0
Borrowings	239	159	218	550	870	779	524	187
Other Non-Current Liabilities	54	64	47	70	103	108	136	158
Total Current Liabilities	484	598	807	1048	884	749	553	747
Total Liabilities	1123	1294	1787	2591	2928	3209	3560	4430
Fixed Assets	549	598	586	588	1716	1832	1864	1963
Other Non-Current Assets	101	115	451	1010	50	220	244	182
Total Current Assets	473	581	751	993	1162	1156	1452	2285
Total Assets	1123	1294	1787	2591	2928	3209	3560	4430

Deepak Nitrite Cash Flow

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Opening Cash & Cash Equivalents	6	3	5	6	9	3	2	9
Cash Flow from Operating Activities	108	167	49	183	60	765	1002	824
Cash Flow from Investing Activities	-89	-169	-353	-525	-163	-428	-396	-424
Cash Flow from Financing Activities	-22	4	305	345	96	-338	-599	-386
Net Cash Inflow / Outflow	-3	2	1	4	-6	-1	7	14
Closing Cash & Cash Equivalent	3	5	6	9	3	2	9	23

Deepak Nitrite Ratios

#	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Earnings Per Share (Rs)	5.06	5.39	7.37	5.79	12.73	44.52	56.88	78.2
CEPS(Rs)	8.52	8.81	11.05	9.65	18.43	55.04	68.07	91.23
DPS(Rs)	1	1.2	1.2	1.3	2	4.5	5.5	7
Book NAV/Share(Rs)	33.04	40.6	54.69	67.61	78.56	115.24	172.04	244.75
Core EBITDA Margin(%)	9.65	11.42	9.37	11.84	15.34	24.32	28.55	23.45
EBIT Margin(%)	7.44	8.84	11.77	9.44	13.13	21.85	25.67	21.62
Pre Tax Margin(%)	4.75	6.12	9.26	6.61	9.93	19.07	23.89	21.09
PAT Margin (%)	3.74	4.32	6.63	4.71	6.43	14.45	17.79	15.68
Cash Profit Margin (%)	6.29	7.03	9.93	7.85	9.31	17.75	21.3	18.29
ROA(%)	7.69	5.2	6.26	3.61	6.29	19.91	22.92	26.7
ROE(%)	25.83	15.39	16.25	9.65	17.42	46.23	39.6	37.52
ROCE(%)	19.8	13.63	14.04	9.46	17.02	37.56	40.06	44.82
Receivable days	45.84	78.18	84.5	84.07	66.7	51.25	57.31	50.58
Inventory Days	18.71	28.31	36.15	53.63	49.76	34.74	32.53	25.95
Payable days	31.74	55.24	77.06	127.16	108.41	65.23	65.57	42.56
PER(x)	13.42	12.56	17.81	42.96	21.57	8.68	29.13	28.7
Price/Book(x)	2.05	1.67	2.4	3.68	3.5	3.35	9.63	9.17
Dividend Yield(%)	1.47	1.77	0.91	0.52	0.73	1.16	0.33	0.31
EV/Net Sales(x)	0.94	0.95	1.77	2.62	1.82	1.5	5.31	4.54
EV/Core EBITDA(x)	8.85	7.78	16.3	20.55	11.35	5.95	18.2	18.73
Net Sales Growth(%)	418.52	3.45	-0.16	20.48	63.49	56.66	3.07	56.02
EBIT Growth(%)	280.11	22.38	32.91	-7.57	124	160.73	21.06	31.43
PAT Growth(%)	428.45	18.7	53.34	-18.08	119.78	251.85	26.97	37.49
EPS Growth(%)	234.68	6.6	36.59	-21.38	119.77	249.65	27.77	37.49
Debt/Equity(x)	1.58	1.12	1.01	1.07	1.11	0.69	0.25	0.09
Current Ratio(x)	0.98	0.97	0.93	0.95	1.31	1.54	2.62	3.06
Quick Ratio(x)	0.76	0.77	0.72	0.64	0.85	1.02	1.93	2.28
Interest Cover(x)	2.77	3.24	4.69	3.34	4.1	7.84	14.47	40.44
Total Debt/Mcap(x)	0.77	0.67	0.42	0.29	0.32	0.21	0.03	0.01

Deepak Nitrite Shareholding Pattern

#	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Promoter	45.69	45.69	45.69	45.69	45.69	45.69	45.72	45.72	45.72	45.72
FII	12.74	13.26	11.87	11.43	10.85	8.84	8.76	9.07	7.1	7.39
DII	12.01	10.52	11.64	10.41	10.61	10.74	10.03	10.71	13.37	15.08
Public	29.56	30.53	30.8	32.47	32.85	34.73	35.5	34.5	33.82	31.82
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Promoter	6.23	6.23	6.23	6.23	6.23	6.23	6.24	6.24	6.24	6.24
FII	1.74	1.81	1.62	1.56	1.48	1.21	1.19	1.24	0.97	1.01
DII	1.64	1.43	1.59	1.42	1.45	1.46	1.37	1.46	1.82	2.06
Public	4.03	4.16	4.2	4.43	4.48	4.74	4.84	4.71	4.61	4.34
Others	0	0	0	0	0	0	0	0	0	0
Total	13.64	13.64	13.64	13.64	13.64	13.64	13.64	13.64	13.64	13.64