Deepak Nitrite Ltd.

₹2252.25

-57.05 (-2.47%)

Commodity Chemicals

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Deepak Nitrite Ltd Key Statistics

P/E Ratio

88.8
PEG Ratio

0.4
Market Cap Cr

30719.1
Price to Book Ratio

135.2
EPS

26
Dividend

275
Relative Strength Index

48.14
Money Flow Index

35.68
MACD Signal

-72.47
Average True Range

94.26

Investment Ratings

Master Rating:
Deepak Nitrite has an operating revenue of Rs. 5,905.49 Cr. on a trailing 12-month basis. An annual revenue growth of 3% is not great, Pre-tax margin of 24% is great, ROE of 33% is exceptional. The company has a reasonable debt to equity of 22%, which signals a healthy balance sheet. The stock from a technical standpoint is trading below to its 50DMA and around 16% up from its 200DMA. It needs to take out the 50DMA levels and stay above it to make any further meaningful move. From an O'Neil Methodology perspective, the stock has an EPS Rank of 97 which is a GREAT score indicating consistency in earnings, a RS Rating of 68 which is FAIR indicating the recent price performance, Buyer Demand at C+ which is evident from recent supply seen, Group Rank of 75 indicates it belongs to a poor industry group of Chemicals-Specialty and a Master Score of B is close to being the best. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock is lagging behind in some of the technical parameters, but great earnings make it a stock to examine in more detail.

EPS Strength

Price Strength

Buyer Demand

Group Rank

As per analysts rating in the last 6 months, the recommendation isHOLD Deepak Nitrite

Deepak Nitrite Ltd Forecast

Price Estimates

2,000(9.8%)

1,758(-3.5%)

1,590(-12.7%)

Ratings

Eps And Sales Estimates

Sales(Cr) EPS

Deepak Nitrite Ltd Synopsis

NSE-Chemicals-Specialty

Deepak Nitrite belongs to the Industry of Chemicals - Inorganic - Others. Company’s Total Operating Revenue is Rs. 1809.14 Cr. and Equity Capital is Rs. 27.28 Cr. for the Year ended 31/03/2021. Deepak Nitrite Ltd. is a Public Limited Listed company incorporated on 06/06/1970 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L24110GJ1970PLC001735 and registration number is 001735.

Market Cap

INR 30,704.79 Cr
Sales

INR 2,085.12 Cr
Shares in Float

7.37 Cr
No of Funds

228 K

Yield

0.19%
Book Value

17.07
U/D Vol Ratio

0.9

LTDebt/Equity

%
Alpha

0.28
Beta

1.34

Deepak Nitrite Ltd Ownership

Owner Name	Jun-21	Mar-21	Dec-20
Promoters	45.69%	45.69%	45.69%
Mutual Funds	8.29%	10.11%	9.01%
Insurance Companies	1.99%	1.42%	1.31%
Foreign Portfolio Investors	11.43%	11.87%	13.26%
Financial Institutions/ Banks	0%	0%	0.07%
Individual Investors	24.55%	22.31%	22.39%
Others	8.05%	8.6%	8.27%

Deepak Nitrite Ltd Management

Name	Designation
Mr. Chimanlal K Mehta	Chairman Emeritus
Mr. Deepak C Mehta	Chairman & Managing Director
Mr. Maulik D Mehta	Executive Director & CEO
Mr. Sanjay Upadhyay	Director - Finance & CFO
Mr. Ajay C Mehta	Non Executive Director
Dr. Richard H Rupp	Independent Director
Mr. Sudhir Mankad	Independent Director
Mr. Sandesh Kumar Anand	Non Exe.Non Ind.Director
Dr. Swaminathan Sivaram	Independent Director
Mr. Sanjay Asher	Independent Director
Mr. Dileep Choksi	Independent Director
Ms. Purvi Sheth	Independent Director

Deepak Nitrite Ltd Financials

Standalone Consolidated

Quarterly P&L
Annual P&L
Cash Flow
Balance Sheet
Ratios

INDICATOR	Sep 2021	Jun 2021	Mar 2021	Dec 2020	Sep 2020
Oper Rev Qtr Cr	544.4	527.25	525.7	487.77	445.27
Operating Expenses Qtr Cr	402.9	385.1	370.04	341.64	308.35
Operating Profit Qtr Cr	141.5	142.15	155.66	146.13	136.92
Depreciation Qtr Cr	17.78	17.51	21.1	17.1	14.4
Interest Qtr Cr	0.4	0.32	0.23	0.42	0.59
Tax Qtr Cr	33.44	32.87	36.05	33.83	32.31
Net Profit Qtr Cr	96.55	134.92	101.1	97.93	92.08

INDICATOR	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017
Total Revenue Annual Cr	1822.68	2237.24	1794.5139	1466.68	1241.6232
Operating Expenses Annual Cr	1273.07	1432.96	1486.2903	1252.3066	1089.2178
Operating Profit Annual in Cr	536.07	796.7	305.6284	202.6705	143.2511
Depreciation Cr	66.88	77.93	52.8782	51.9492	47.5962
Interest Annual Cr	4.12	20.32	42.8457	40.34	30.8931
Tax Annual Cr	123.89	161.99	74.4576	38.6292	38.2411
Net Profit Annual Cr	354.72	544.04	138.0421	83.455	110.6421

INDICATOR	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017
Cash from Operating Activity Annual Cr	441.95	515.21	280.858	214.1648	92.9287
Cash from Investing Activity Annual Cr	-225.75	-267.75	-78.0282	-189.4233	-273.5802
Cash from Financing Annual Activity Cr	-215.24	-248.17	-201.2034	-24.7594	178.4938
Net Cash Flow Annual Cr	0.96	-0.71	1.6264	-0.0179	-2.1577

INDICATOR	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017
Total ShareHolders Funds Annual Cr	1844.75	1491.33	1057.8455	943.8449	732.1321
Fixed Assets Annual Cr	844.67	810.01	618.2894	605.44	608.6892
Total Non Current Assets Annual Cr	1419.44	1386.93	1193.8142	1055.6058	880.5744
Total Current Assets Annual Cr	751.07	659.59	633.9181	744.8931	677.2235
Total Assets Annual Cr	2170.51	2046.52	1827.7323	1800.4989	1557.7979

INDICATOR	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017
Book Value Per Share Annual Rs	135.2456	109.335	77.5586	69.2002	56.0112
ROE Annual %	19.22	36.48	13.04	8.84	15.11
ROCE Annual %	25.19	46.54	20.81	14.8	11.44
Total Debt to Total Equity Annual	-	-	-	-	-
EBDIT Annual Margin %	30.37	36.07	17.2	14.73	12.36

Quarterly P&L
Annual P&L
Cash Flow
Balance Sheet
Ratios

INDICATOR	Sep 2021	Jun 2021	Mar 2021	Dec 2020	Sep 2020
Oper Rev Qtr Cr	1681.35	1526.22	1463.23	1234.69	987.34
Operating Expenses Qtr Cr	1294.81	1074.72	1008.57	899.65	711.39
Operating Profit Qtr Cr	386.54	451.5	454.66	335.04	275.95
Depreciation Qtr Cr	44.05	43.56	56.46	33.92	31.24
Interest Qtr Cr	9.24	10.94	14.2	15.7	19.57
Tax Qtr Cr	87.34	102.62	99.83	73.74	58.65
Net Profit Qtr Cr	254.34	302.63	290.11	216.56	170.19

INDICATOR	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017
Total Revenue Annual Cr	4381.27	4264.91	2715.0445	1663.8544	1381.3823
Operating Expenses Annual Cr	3112.72	3203.91	2286.0283	1455.2556	1235.0045
Operating Profit Annual in Cr	1247.03	1025.8	413.8962	196.1984	135.4718
Depreciation Cr	152.63	139.73	77.7927	52.5997	48.0353
Interest Annual Cr	74.2	114.87	83.2454	45.1474	34.1219
Tax Annual Cr	265.91	195.37	94.3168	31.836	38.2472
Net Profit Annual Cr	775.81	611.03	173.6613	79.0157	96.3151

INDICATOR	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017
Cash from Operating Activity Annual Cr	999.04	764.66	63.6934	182.9994	49.006
Cash from Investing Activity Annual Cr	-396.16	-427.92	-162.5512	-524.7277	-352.5541
Cash from Financing Annual Activity Cr	-596.13	-337.56	92.3916	345.3147	304.6199
Net Cash Flow Annual Cr	6.75	-0.82	-6.4662	3.5864	1.0718

INDICATOR	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017
Total ShareHolders Funds Annual Cr	2346.65	1571.91	1071.5846	922.1383	714.866
Fixed Assets Annual Cr	2084.18	2004.25	1749.7022	1542.0699	935.1252
Total Non Current Assets Annual Cr	2108.12	2052.31	1766.0627	1597.6817	1036.9076
Total Current Assets Annual Cr	1452.18	1156.3	1161.7218	992.8783	750.577
Total Assets Annual Cr	3560.3	3208.61	2927.7845	2590.56	1787.4846

INDICATOR	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017
Book Value Per Share Annual Rs	172.0416	115.2426	78.5658	67.6086	54.6902
ROE Annual %	33.06	38.87	16.2	8.56	13.47
ROCE Annual %	37.11	37.45	17.18	10.11	10.03
Total Debt to Total Equity Annual	-	-	-	-	-
EBDIT Annual Margin %	29.09	25.08	15.88	12.63	10.68

Deepak Nitrite Ltd Technicals

EMA & SMA

CURRENT PRICE

2252.25 (-2.47)

- Bullish Moving Averages 11
- Bearish Moving Averages 5

EMA

EMA SMA

20 Day

2246.3
50 Day

2312.66
100 Day

2240.71
200 Day

1976.65

Deepak Nitrite Ltd Resistance and support

2290.07 PIVOT

First Resistance

2359.14
Second Resistance

2408.97
Third Resistance

2478.04

First Support

2240.24
Second Support

2171.17
Third Support

2121.34

RSI

48.14
MFI

35.68

MACD

-55.33
MACD signal line

-72.47

Deepak Nitrite Ltd Delivery and Volume

Period	NSE + BSE Volume Avg	NSE + BSE Delivery Volume Avg	NSE + BSE Delivery Volume %
Day	931,254	19,295,583	20.72%
Week	1,175,057	26,544,533	22.59%
1 Month	1,004,394	29,328,318	29.2%
6 Month	1,387,553	35,202,227	25.37%

Deepak Nitrite Ltd Price change analysis

-42.05

Over 1 month

Low High

2001 2405.55

-107.35

Over 3 month

Low High

2001 3020

520.6

Over 6 months

Low High

1710 3020

1407.2

Over Year

Low High

785.85 3020

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News

Deepak Nitrite's prospect continues to be driven by phenolic

Deepak Nitrite will continue to accrue benefits from the country's growing demand and import substitutions. Being a basic manufacturer, it a Read More