Deepak Nitrite
- Advice
- Hold
Deepak Nitrite Performance
Day Range
- Low 2100
- High 2121.15
52 Week Range
- Low 1730
- High 2372.7
- Open Price2114.9
- Previous Close2108.05
- Volume65516
Start SIP in Deepak Nitrite
Start SIPDeepak 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
Indicator | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 | Jun 2022 | Mar 2022 |
---|---|---|---|---|---|---|
Oper Rev Qtr Cr | 708 | 801 | 818 | 685 | 730 | 750 |
Operating Expenses Qtr Cr | 583 | 654 | 657 | 545 | 591 | 545 |
Operating Profit Qtr Cr | 125 | 146 | 160 | 140 | 139 | 205 |
Depreciation Qtr Cr | 20 | 21 | 20 | 18 | 18 | 19 |
Interest Qtr Cr | 1 | 0 | 0 | 0 | 0 | 0 |
Tax Qtr Cr | 29 | 35 | 39 | 33 | 33 | 52 |
Net Profit Qtr Cr | 86 | 101 | 113 | 159 | 97 | 143 |
Deepak Nitrite Technicals
EMA & SMA

- 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
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 Name | Jun-23 | Mar-23 | Dec-22 | Sep-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
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 |
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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