DEEPAKNTR

DEEPAK NITRITE

Large Cap BSE: 506401 NSE: DEEPAKNTR
₹2239.5
26.8 (1.21%)
  • Advice
  • Hold
As on 08 December, 2022 | 18:51

Deepak Nitrite Performance

Day Range

  • Low
  • High

52 Week Range

  • Low
  • High
  • Open Price
  • Previous Close
  • Volume

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Deepak Nitrite Share Price

Deepak Nitrite Share Returns

  • Over 1 Month -3.99%
  • Over 3 Month 10.08%
  • Over 6 Month 24.52%
  • Over 1 Year -4.07%

Deepak Nitrite Key Statistics

P/E Ratio 33.2
PEG Ratio -2.4
Market Cap Cr 30,545
Price to Book Ratio 9.2
EPS 35.3
Dividend 0.3
Relative Strength Index 57.29
Money Flow Index 70.26
MACD Signal -3.81
Average True Range 50.68

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

Deepak Nitrite Financials
IndicatorSep 2022Jun 2022Mar 2022Dec 2021Sep 2021Jun 2021Mar 2021
Oper Rev Qtr Cr 685730750689544527526
Operating Expenses Qtr Cr 545591545531403385370
Operating Profit Qtr Cr 140139205159142142156
Depreciation Qtr Cr 18181919181821
Interest Qtr Cr 0000000
Tax Qtr Cr 33335238333336
Net Profit Qtr Cr 1599714311297135101

Deepak Nitrite Technicals

EMA & SMA

Current Price
2239.5
26.8 (1.21%)
  • 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

PIVOT
₹2219.92
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 NameSep-22Jun-22Mar-22Dec-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

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

Other Analyst Rating

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 MF Shareholding

Name Amount(cr)
Nippon India Small Cap Fund - Growth 22844
Kotak Equity Arbitrage Fund Growth 22082
Nippon India Growth Fund - Growth 13510
SBI Multicap Fund Regular Growth 12121
ICICI Prudential Equity Arbitrage Fund Regular Growth 10891

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

Q2FY23