Deepak Nitrite Share PriceDeepak Nitrite

₹2114.75
6.7 (0.32%)
  • Advice
  • Hold
As on 27 September, 2023 | 10:32 BSE: 506401 NSE: DEEPAKNTRISIN: INE288B01029

Deepak Nitrite Performance

Day Range

  • Low 2100
  • High 2121.15
2114.75

52 Week Range

  • Low 1730
  • High 2372.7
2114.75
  • Open Price2114.9
  • Previous Close2108.05
  • Volume65516

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Deepak Nitrite Share Price

  • Over 1 Month 4.63%
  • Over 3 Month -5.4%
  • Over 6 Month 18.65%
  • Over 1 Year 1.18%

Deepak Nitrite Key Statistics

P/E Ratio 37.6
PEG Ratio -1.6
Market Cap Cr 28,844
Price to Book Ratio 7.1
EPS 33.8
Dividend 0.4
Relative Strength Index 40.82
Money Flow Index 45.54
MACD Signal 37.5
Average True Range 54.97

Deepak Nitrite Investment Rating

  • Master Rating:
  • Deepak Nitrite has an operating revenue of Rs. 7,682.41 Cr. on a trailing 12-month basis. An annual revenue growth of 17% is outstanding, Pre-tax margin of 14% is healthy, ROE of 20% is exceptional. The company has a reasonable debt to equity of 1%, 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. It has recently broken out of a base in its weekly chart and is trading around -7% from the pivot point (which is the ideal buying range for a stock). From an O'Neil Methodology perspective, the stock has an EPS Rank of 74 which is a FAIR score but needs to improve its earnings, a RS Rating of 30 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at A- which is evident from recent demand for the stock, Group Rank of 148 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 gone up in the last reported quarter is a positive 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

Deepak Nitrite Financials
IndicatorJun 2023Mar 2023Dec 2022Sep 2022Jun 2022Mar 2022
Oper Rev Qtr Cr 708801818685730750
Operating Expenses Qtr Cr 583654657545591545
Operating Profit Qtr Cr 125146160140139205
Depreciation Qtr Cr 202120181819
Interest Qtr Cr 100000
Tax Qtr Cr 293539333352
Net Profit Qtr Cr 8610111315997143
IndicatorMar 2023Mar 2022
Total Revenue Annual Cr 3,1352,582
Operating Expenses Annual Cr 2,4481,866
Operating Profit Annual in Cr 586645
Depreciation Cr 7673
Interest Annual Cr 22
Tax Annual Cr 140156
Net Profit Annual Cr 469486
IndicatorMar 2023Mar 2022
Cash from Operating Activity Annual Cr 310228
Cash from Investing Activity Annual Cr -188-159
Cash from Financing Annual Activity Cr -113-64
Net Cash Flow Annual Cr 94
IndicatorMar 2023Mar 2022
Total ShareHolders Funds Annual Cr 2,6252,256
Fixed Assets Annual Cr 805757
Total Non Current Assets Annual Cr 1,5231,248
Total Current Assets Annual Cr 1,5271,395
Total Assets Annual Cr 3,0502,642
IndicatorMar 2023Mar 2022
Book Value Per Share Annual Rs 192165
ROE Annual % 1822
ROCE Annual % 2228
Total Debt to Total Equity Annual --
EBDIT Annual Margin % 2329
IndicatorJun 2023Mar 2023Dec 2022Sep 2022Jun 2022Mar 2022
Oper Rev Qtr Cr 1,7681,9611,9911,9622,0581,872
Operating Expenses Qtr Cr 1,5591,6131,6761,6911,7021,462
Operating Profit Qtr Cr 210348315271356410
Depreciation Qtr Cr 384141424245
Interest Qtr Cr 246697
Tax Qtr Cr 528172608195
Net Profit Qtr Cr 150234209174235267
IndicatorMar 2023Mar 2022
Total Revenue Annual Cr 8,0206,845
Operating Expenses Annual Cr 6,6835,199
Operating Profit Annual in Cr 1,2891,604
Depreciation Cr 166178
Interest Annual Cr 2534
Tax Annual Cr 294368
Net Profit Annual Cr 8521,067
IndicatorMar 2023Mar 2022
Cash from Operating Activity Annual Cr 650824
Cash from Investing Activity Annual Cr -276-424
Cash from Financing Annual Activity Cr -359-386
Net Cash Flow Annual Cr 1514
IndicatorMar 2023Mar 2022
Total ShareHolders Funds Annual Cr 4,0903,338
Fixed Assets Annual Cr 2,2422,086
Total Non Current Assets Annual Cr 2,3902,146
Total Current Assets Annual Cr 2,7392,285
Total Assets Annual Cr 5,1294,430
IndicatorMar 2023Mar 2022
Book Value Per Share Annual Rs 300245
ROE Annual % 2132
ROCE Annual % 2740
Total Debt to Total Equity Annual --
EBDIT Annual Margin % 1724

Deepak Nitrite Technicals

EMA & SMA

Current Price
₹2114.75
6.7 (0.32%)
  • Bullish Moving Average
  • ___
  • 6
  • Bearish Moving Average
  • ___
  • 10
  • 20 Day
  • ₹2188.38
  • 50 Day
  • ₹2139.45
  • 100 Day
  • ₹2086.27
  • 200 Day
  • ₹2046.12
  • 20 Day
  • ₹2235.27
  • 50 Day
  • ₹2105.62
  • 100 Day
  • ₹2085.34
  • 200 Day
  • ₹1988.33

Deepak Nitrite Resistance and Support

PIVOT
₹2120.69
Resistance
First Resistance ₹2141.37
Second Resistance ₹2174.69
Third Resistance ₹2195.37
RSI 40.82
MFI 45.54
MACD Single Line 37.5
MACD 11.71
Support
First Resistance ₹2087.37
Second Resistance ₹2066.69
Third Resistance ₹2033.37

Deepak Nitrite Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 269,755 9,538,537 35.36
Week 271,928 9,403,263 34.58
1 Month 619,468 24,122,091 38.94
6 Month 508,529 18,342,634 36.07

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. 3033.55 Cr. and Equity Capital is Rs. 27.28 Cr. for the Year ended 31/03/2023. 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 28,752
Sales 3,012
Shares in Float 6.96
No of funds 203
Yield 0.36
Book Value 10.95
U/D Vol ratio 2.2
LTDebt / Equity
Alpha -0.05
Beta 1.07

Deepak Nitrite

Owner NameJun-23Mar-23Dec-22Sep-22
Promoters 49.13%49.13%45.72%45.72%
Mutual Funds 7.74%7.3%5.93%5.7%
Insurance Companies 6.98%7.01%7.08%5.83%
Foreign Portfolio Investors 8.09%7.72%8.72%8.45%
Financial Institutions/ Banks 0.28%0.23%0.22%0.02%
Individual Investors 23.56%24.54%24.6%26.43%
Others 4.22%4.07%7.73%7.85%

Deepak Nitrite Management

Name Designation
Mr. Deepak C Mehta Chairman & Managing Director
Mr. Maulik D Mehta Executive Director & CEO
Mr. Sanjay Upadhyay Director & Group CFO
Mr. Ajay C Mehta Non Executive Director
Mr. Sandesh Kumar Anand Non Executive Director
Mr. Meghav Mehta Non Executive Director
Mr. Prakash Dinkar Samudra Independent Director
Mr. Vipul Shantilal Shah Independent Director
Mr. Punit Sanjay Lalbhai Independent Director
Ms. Purvi Sheth Independent Director
Mr. Sanjay Asher Independent Director
Mr. Dileep Choksi Independent Director

Deepak Nitrite Forecast

Price Estimates

2,000(9.8%)
1,758(-3.5%)
1,590(-12.7%)

Other Analyst Rating

Deepak Nitrite Corporate Action

Date Purpose Remarks
2023-08-03 Quarterly Results
2023-05-11 Audited Results & Final Dividend
2023-02-07 Quarterly Results
2022-11-09 Quarterly Results
2022-08-02 Quarterly Results

Deepak Nitrite MF Shareholding

Name Amount(cr)
Nippon India Small Cap Fund - Growth 36540
Kotak Equity Arbitrage Fund Growth 25860
Nippon India Growth Fund - Growth 18343
SBI Arbitrage Opportunities Fund Regular Growth 17701
SBI Multicap Fund Regular Growth 13144
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  • Company Name
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Deepak Nitrite FAQs

What is Share Price of Deepak Nitrite ?

Deepak Nitrite share price is ₹2114 As on 27 September, 2023 | 10:18

What is the Market Cap of Deepak Nitrite ?

The Market Cap of Deepak Nitrite is ₹28843.7 Cr As on 27 September, 2023 | 10:18

What is the P/E ratio of Deepak Nitrite ?

The P/E ratio of Deepak Nitrite is 37.6 As on 27 September, 2023 | 10:18

What is the PB ratio of Deepak Nitrite ?

The PB ratio of Deepak Nitrite is 7.1 As on 27 September, 2023 | 10:18

Q2FY23