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Deepak Nitrite Ltd

DEEPAKNTR

Deepak Nitrite Ltd

DEEPAKNTR
MaterialsCommodity Chemicals
MidcapWith a market cap of ₹39,365 cr, stock is ranked 224
Moderate RiskStock is 2.15x as volatile as Nifty
2,862.600.82% (-23.60)
2,862.600.82% (-23.60)

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MaterialsCommodity Chemicals
MidcapWith a market cap of ₹39,365 cr, stock is ranked 224
Moderate RiskStock is 2.15x as volatile as Nifty

How to use scorecard? Learn more

MaterialsCommodity Chemicals
MidcapWith a market cap of ₹39,365 cr, stock is ranked 224
Moderate RiskStock is 2.15x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
45.598.160.26%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
32.343.671.15%

Forecast & Ratings

Detailed Forecast 
46%
Analysts have suggested that investors can buy this stock

from 13 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Deepak Nitrite Limited is a chemical manufacturing company. The Company's segments include Bulk Chemicals and Commodities (BCC), Fine and Speciality Chemicals (FSC), and Fluorescent Whitening Agent (FWA).

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 23.62%, vs industry avg of 9.22%

Increasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 3.64% to 6.65%

Higher than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 36.1%, vs industry avg of 5.28%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue1,374.521,451.961,663.742,715.044,264.914,381.276,844.808,019.647,837.768,228.69
Raw Materialssubtract832.16849.581,003.711,773.712,315.302,239.554,163.805,495.065,086.966,863.11
Power & Fuel Costsubtract118.15102.44119.88207.33285.19264.74438.61541.93457.12
Employee Costsubtract119.08122.29136.15179.77216.96247.04274.11318.25351.05
Selling & Administrative Expensessubtract52.2882.2276.23111.43160.32183.10223.34276.64265.31
Operating & Other expensessubtract84.4576.29116.9110.48223.04175.1696.4248.90394.84
Depreciation/Amortizationsubtract39.5448.0452.6077.79139.73152.63177.70166.30165.66175.03
Interest & Other Itemssubtract39.7136.5447.4286.55117.9777.3336.3726.6815.1015.77
Taxes & Other Itemssubtract26.4038.2431.8494.32195.37265.91367.81293.88290.82311.25
EPS5.687.805.9212.7344.8056.8878.2062.4759.4563.31
DPS1.201.201.302.004.505.507.007.507.507.50
Payout ratio0.210.150.220.160.100.100.090.120.130.12

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2019

Annual Report Unavailable

Investor Presentation

May 3PDF
Feb 1PDF
Oct 26PDF
FY 2020

Annual Report Unavailable

Investor Presentation

May 26PDF
Feb 3PDF
Aug 6PDF
FY 2021

Annual report

PDF

Investor Presentation

Feb 12PDF
Oct 30PDF
Aug 10PDF
FY 2023

Annual report

PDF

Investor Presentation

Aug 4PDF
 

Peers & Comparison

Comparing 3 stocks from 
MaterialsCommodity Chemicals

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Deepak Nitrite Ltd48.558.160.26%
Solar Industries India Ltd116.2728.360.08%
Linde India Ltd162.4120.330.15%
Himadri Speciality Chemical Ltd79.5210.730.08%

Price Comparison

Compare DEEPAKNTR with any stock or ETF
Compare DEEPAKNTR with any stock or ETF
DEEPAKNTR
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Decreased Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has decreased by 1.76%

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding49.24%10.44%10.77%6.86%22.69%

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Shareholding History

MarJunSepDec '23MarJun7.72%8.08%6.47%6.48%6.72%6.86%

Mutual Funds Holding Trend

Increased Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has increased by 1.44%

Top 5 Mutual Funds holding Deepak Nitrite Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
Kotak Emerging Equity Fund - Growth - Direct Plan

Growth
1.3049%1.00%1.00%43/71 (+25)
Motilal Oswal Midcap Fund - Growth - Direct Plan

Growth
1.0723%2.65%-0.32%13/27 (+1)
Franklin India Smaller Companies Fund - Growth - Direct Plan

Growth
1.0264%2.80%0.32%3/99 (+1)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

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smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

No Dividend Cuts

Dividends are the portion of earnings that a company distributes to all its shareholders every year

DEEPAKNTR has increased or maintained dividend levels over the last 5 years

Dividend Yield

Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 0.26%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹2.60 every year

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateJul 29, 2024

Final
Final | Div/Share: ₹7.50

Dividend/Share

7.50

Ex DateEx Date

Jul 29, 2024

Cash Dividend

Ex DateEx DateJul 27, 2023

Final
Final | Div/Share: ₹7.50

Dividend/Share

7.50

Ex DateEx Date

Jul 27, 2023

Cash Dividend

Ex DateEx DateJul 25, 2022

Final
Final | Div/Share: ₹7.00

Dividend/Share

7.00

Ex DateEx Date

Jul 25, 2022

Cash Dividend

Ex DateEx DateJul 20, 2021

Final
Final | Div/Share: ₹4.50

Dividend/Share

4.50

Ex DateEx Date

Jul 20, 2021

Cash Dividend

Ex DateEx DateJul 20, 2021

Special
Special | Div/Share: ₹1.00

Dividend/Share

1.00

Ex DateEx Date

Jul 20, 2021

News & Opinions

Deepak Nitrite shares in focus on 35% rise in Q1 profit

1 month agoBusiness Today
Live Market Update
Indices trade with strong gains; metal shares shine

The headline equity benchmarks traded with significant gains in mid-morning trade. The Nifty traded above the 24,200 level. Metal shares advanced after declining for the past three consecutive trading sessions. At 11:30 IST, the barometer index, the S&P BSE Sensex, was up 567.86 points or 0.72% to 79,327.26. The Nifty 50 index added 171.95 points or 0.71% to 24,233.10. The broader market outperformed the headline indices, the S&P BSE Mid-Cap index added 1.13% and the S&P BSE Small-Cap index gained 1.35%. The market breadth was strong. On the BSE, 2,598 shares rose and 1,125 shares fell. A total of 138 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, tumbled 10.89% to 18.15. IPO Update: The initial public offer (IPO) of Ola Electric Mobility received 56,38,04,670 bids for shares as against 46,51,59,451 shares on offer, according to stock exchange data at 11:15 IST on Monday (05 August 2024). The issue was subscribed 1.21 times. The issue opened for bidding on Friday (02 August 2024) and it will close on Tuesday (06 August 2024). The price band of the IPO is fixed between Rs 72 to Rs 76 per share. An investor can bid for a minimum of 195 equity shares and in multiples thereof. The initial public offer (IPO) of Brainbees Solutions received 19,26,752 bids for shares as against 4,96,39,004 shares on offer, according to stock exchange data at 11:15 IST on Tuesday (06 August 2024). The issue was subscribed 0.04 times. The issue opened for bidding on Tuesday (06 August 2024) and it will close on Thursday (08 August 2024). The price band of the IPO is fixed between Rs 440 to Rs 465 per share. An investor can bid for a minimum of 32 equity shares and in multiples thereof. The initial public offer (IPO) of Unicommerce eSolutions received 98,92,806 bids for shares as against 1,40,84,681 shares on offer, according to stock exchange data at 11:15 IST on Tuesday (06 August 2024). The issue was subscribed 0.70 times. The issue opened for bidding on Tuesday (06 August 2024) and it will close on Thursday (08 August 2024). The price band of the IPO is fixed between Rs 102 to Rs 108 per share. An investor can bid for a minimum of 138 equity shares and in multiples thereof. Buzzing Index : The Nifty Metal index gained 1.53% to 8,998.35. The index tumbled 6% in three consecutive trading sessions. Welspun Corp (up 3.56%), Adani Enterprises (up 2.64%), JSW Steel (up 2.07%), Jindal Stainless (up 2.03%) and Steel Authority of India (up 1.85%), APL Apollo Tubes (up 1.85%), Ratnamani Metals & Tubes (up 1.74%), National Aluminium Company (up 1.65%), Hindustan Copper (up 1.56%) and NMDC (up 1.48%) advanced. Stocks in Spotlight : Deepak Nitrite added 1.76% after the company's consolidated net profit grew 35.12% to Rs 202.54 crore in Q1 FY25 as compared with Rs 149.90 crore recorded in the same period last year. Revenue from operation stood at Rs 2,166.84 crore in June 2024 quarter, up 22.54% from Rs 1,768.34 crore posted in June 2023 quarter. Oil and Natural Gas Corporation (ONGC) rose 1.11%. The company reported 15.09% decline in standalone net profit to Rs 8,938.10 crore in Q1 FY25 as compared with Rs 10,526.78 crore in Q1 FY24. Revenue from operations increased 4.29% YoY to Rs 35,266.38 crore in Q1 FY25. Bharti Hexacom fell 1.09%. The company's standalone net profit surged to Rs 511.2 crore during the quarter as comapred with Rs 253.2 crore in Q1 FY24. Revenue from operations increased 13.61% YoY to Rs 1,910.6 crore during the quarter. Global Markets : Dow Jones Futures were up 405 points, indicating a bounce in the US stocks today. Asian stocks surged on Tuesday, recovering from steep losses in the previous session. Japanese markets led the rally, bouncing back after plunging into bear market territory. Bargain hunting also fueled gains, as investors snapped up discounted stocks with solid fundamentals. US stocks tumbled on Monday, triggered by recession fears. The Dow dropped 1,033.99 points, or 2.6%, to end at 38,703.27. The Nasdaq Composite lost 3.43% and closed at 16,200.08, while the S&P 500 slid 3% to end at 5,186.33. Friday's disappointing US jobs report intensified concerns about a potential recession. Investors are growing increasingly frustrated with the Federal Reserve's reluctance to cut interest rates despite slowing economic growth. The central bank opted to maintain rates at a 22-year high during its last meeting. Adding to market volatility, the unwinding of the yen carry trade is gaining momentum. After the Bank of Japan raised interest rates last week, narrowing the interest rate differential with the US, the yen strengthened against the dollar. This has forced investors to unwind positions that involved borrowing in yen to invest in higher-yielding assets. Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
Deepak Nitrite gain after PAT climbs 35% YoY to Rs 202 crore in Q1

Revenue from operation stood at Rs 2,166.84 crore in June 2024 quarter, up 22.54% from Rs 1,768.34 crore posted in June 2023 quarter. The firm reported profit before tax of Rs 274.80 crore during the quarter ended June 2024, up 36.22% as compared with Rs 201.73 crore recorded in corresponding quarter previous fiscal. On segmental front, the revenue from advanced intermediates was at Rs 670.20 crore (down 2.20% YoY) while revenue from phenolics stood at Rs 1,120.13 crore, (down 12.77%) during the period under review. During the first quarter, total expenses spiked 19.54% YoY to Rs 1,910.85 crore. Cost of materials consumed stood at Rs 1,412.76 crore (up 29.65% YoY), employee benefits expense was Rs 95.33 crore (up 13.18% YoY) while finance costs stood at Rs 5.75 crore (up 217.68% YoY) during the period under review. Deepak Nitrite produces a spectrum of chemicals, including agrochemicals, colourants, rubber, pharmaceuticals, speciality and fine chemicals. Company manufactures chemical intermediates to serve the domestic and international market with high quality products made in a responsible and sustainable manner. Powered by Capital Market - Live

1 month agoCapital Market - Live
Stock in News | Today's Focus Stocks: Bharti Airtel, ONGC, Deepak Nitrite & Tata Chemicals!
1 month agoZee Business
Earnings
Deepak Nitrite consolidated net profit rises 35.12% in the June 2024 quarter

Net profit of Deepak Nitrite rose 35.12% to Rs 202.54 crore in the quarter ended June 2024 as against Rs 149.90 crore during the previous quarter ended June 2023. Sales rose 22.54% to Rs 2166.84 crore in the quarter ended June 2024 as against Rs 1768.34 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales2166.841768.34 23 OPM %14.2711.86 - PBDT322.25239.81 34 PBT274.80201.73 36 NP202.54149.90 35 Powered by Capital Market - Live

1 month agoCapital Market - Live

Stock Alert: Britannia Inds, Titan Company, Divis Lab, State Bank of India, Delhivery, Sheela Foam

1 month agoBusiness Standard

Last date to buy today! Naukri, Deepak Nitrite among 11 stocks to trade ex-dividend on Monday

1 month agoEconomic Times

Tata Chemicals, Deepak Nitrite among 4 stocks with short covering - ​What is short-covering?

1 month agoEconomic Times

Deepak Nitrite, Godrej Consumer Products among 5 large and midcap stocks that hit new 52-week highs on Monday - On A High

1 month agoEconomic Times

Deepak Nitrite inches towards record high; zooms 42% from June low

1 month agoBusiness Standard