DEEPAK NITRITE
- Advice
- Hold
Deepak Nitrite Performance
Day Range
- Low
- High
52 Week Range
- Low
- High
- Open Price
- Previous Close
- Volume
Start SIP in DEEPAK NITRITE
Start SIPDeepak Nitrite Share Price
Deepak Nitrite Investment Rating
-
Master Rating:
-
Deepak Nitrite has an operating revenue of Rs. 7,614.26 Cr. on a trailing 12-month basis. An annual revenue growth of 56% is outstanding, Pre-tax margin of 21% is great, ROE of 31% is exceptional. The company has a reasonable debt to equity of 6%, which signals a healthy balance sheet. The stock from a technical standpoint is trading close to its 50DMA and comfortably placed above its 200DMA, around 7% above 200DMA. It needs to take support around the 50 DMA level to continue further upside move. From an O'Neil Methodology perspective, the stock has an EPS Rank of 77 which is a FAIR score but needs to improve its earnings, a RS Rating of 55 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at B+ which is evident from recent demand for the stock, Group Rank of 100 indicates it belongs to a poor industry group of Chemicals-Specialty and a Master Score of C is fair but needs to improve. Institutional holding has declined in the last reported quarter is a negative sign. Overall, the stock has mediocre earnings and technical strength, there are superior stocks in the current market environment.
EPS Strength
Price Strength
Buyer Demand
Group Rank
| Indicator | Sep 2022 | Jun 2022 | Mar 2022 | Dec 2021 | Sep 2021 | Jun 2021 | Mar 2021 |
|---|---|---|---|---|---|---|---|
| Oper Rev Qtr Cr | 685 | 730 | 750 | 689 | 544 | 527 | 526 |
| Operating Expenses Qtr Cr | 545 | 591 | 545 | 531 | 403 | 385 | 370 |
| Operating Profit Qtr Cr | 140 | 139 | 205 | 159 | 142 | 142 | 156 |
| Depreciation Qtr Cr | 18 | 18 | 19 | 19 | 18 | 18 | 21 |
| Interest Qtr Cr | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax Qtr Cr | 33 | 33 | 52 | 38 | 33 | 33 | 36 |
| Net Profit Qtr Cr | 159 | 97 | 143 | 112 | 97 | 135 | 101 |
Deepak Nitrite Technicals
EMA & SMA
- Bullish Moving Average
- ___
- 0
- Bearish Moving Average
- ___
- 0
- 20 Day
- 2190.54
- 50 Day
- 2170.82
- 100 Day
- 2128.31
- 200 Day
- 2093.66
- 20 Day
- 2160.86
- 50 Day
- 2191.59
- 100 Day
- 2094.95
- 200 Day
- 2059.75
Deepak Nitrite Resistance and Support
| Resistance | |
|---|---|
| First Resistance | 2243.74 |
| Second Resistance | 2274.77 |
| Third Resistance | 2298.59 |
| RSI | 57.29 |
| MFI | 70.27 |
| MACD Single Line | -3.81 |
| MACD | 8.73 |
| Support | |
|---|---|
| First Resistance | 2188.89 |
| Second Resistance | 2165.07 |
| Third Resistance | 2134.04 |
Deepak Nitrite Delivery and Volume
| Period | NSE + BSE Volume Avg | NSE + BSE Delivery Volume Avg | NSE + BSE Delivery Volume % |
|---|---|---|---|
| Day | 294,826 | 14,549,663 | 49.35 |
| Week | 412,169 | 14,866,929 | 36.07 |
| 1 Month | 570,902 | 18,194,638 | 31.87 |
| 6 Month | 883,399 | 25,415,395 | 28.77 |
Deepak Nitrite Result Highlights
Deepak Nitrite Synopsis
NSE-Chemicals-Specialty
Deepak Nitrite is involved in the business activities of Manufacture of chemicals and chemical products. Company’s Total Operating Revenue is Rs. 2511.05 Cr. and Equity Capital is Rs. 27.28 Cr. for the Year ended 31/03/2022. 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 | 30,580 |
| Sales | 2,855 |
| Shares in Float | 7.37 |
| No of funds | 214 |
| Yield | 0.32 |
| Book Value | 13.38 |
| U/D Vol ratio | 0.9 |
| LTDebt / Equity | |
| Alpha | -0.03 |
| Beta | 1.36 |
Deepak Nitrite
| Owner Name | Sep-22 | Jun-22 | Mar-22 | Dec-21 |
|---|---|---|---|---|
| Promoters | 45.72% | 45.72% | 45.72% | |
| Mutual Funds | 5.7% | 5.39% | 5.85% | |
| Insurance Companies | 5.83% | 5.24% | 4.11% | |
| Foreign Portfolio Investors | 8.45% | 9.07% | 8.76% | |
| Financial Institutions/ Banks | 0.02% | |||
| Individual Investors | 26.43% | 26.89% | 27.78% | |
| Others | 7.85% | 7.69% | 7.78% |
Deepak Nitrite Management
| Name | Designation |
|---|---|
| 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 |
| Mr. Sandesh Kumar Anand | Non Executive Director |
| Dr. Richard H Rupp | Independent Director |
| Mr. Sudhir Mankad | Independent Director |
| Dr. Swaminathan Sivaram | Independent Director |
| Ms. Purvi Sheth | Independent Director |
| Mr. Sanjay Asher | Independent Director |
| Mr. Dileep Choksi | Independent Director |
| Mr. Meghav Mehta | Additional Director |
| Mr. Prakash Dinkar Samudra | Director |
| Mr. Vipul Shantilal Shah | Director |
| Mr. Punit Sanjay Lalbhai | Director |
Deepak Nitrite Forecast
Price Estimates
Deepak Nitrite Corporate Action
| Date | Purpose | Remarks |
|---|---|---|
| 2022-11-09 | Quarterly Results | |
| 2022-08-02 | Quarterly Results | |
| 2022-05-04 | Audited Results & Dividend | |
| 2022-01-24 | Quarterly Results | |
| 2021-12-22 | Others | Inter alia, to consider raising of funds by way of issue of equity shares or any other instruments or security including fully/partly convertible debentures . per share(65%)Dividend |
Deepak Nitrite FAQs
What is Share Price of Deepak Nitrite ?
Deepak Nitrite share price is ₹2239 As on 08 December, 2022 | 18:37
What is the Market Cap of Deepak Nitrite ?
The Market Cap of Deepak Nitrite is ₹30545.2 Cr As on 08 December, 2022 | 18:37
What is the P/E ratio of Deepak Nitrite ?
The P/E ratio of Deepak Nitrite is 33.2 As on 08 December, 2022 | 18:37
What is the PB ratio of Deepak Nitrite ?
The PB ratio of Deepak Nitrite is 9.2 As on 08 December, 2022 | 18:37