Deepak Nitrite Ltd

Deepak Nitrite Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Deepak Nitrite Ltd

₹ 2,535 0.30%
21 May 9:22 a.m.
godeepak.com BSE: 506401 NSE: DEEPAKNTR
About

Incorporated in 1970, Deepak Nitrite Ltd manufactures Basic Intermediates, Fine
& Speciality Chemicals, Performance
Products, and Phenolics[1]

Key Points

Business Overview:*[1]
Deepak Nitrite (DNL) is one of the fastest growing and trusted chemical intermediates company in India. It has 30+ Products, 56+ applications and 1000+ clients. Largest Producer of Phenol & Acetone since 2019 in India.**

Website BSE NSE
  • Market Cap ₹ 34,572 Cr.
  • Current Price ₹ 2,535
  • High / Low ₹ 2,620 / 1,900
  • Stock P/E 92.9
  • Book Value ₹ 217
  • Dividend Yield 0.30 %
  • ROCE 17.1 %
  • ROE 13.3 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 21.7%

Cons

  • Stock is trading at 11.7 times its book value
  • The company has delivered a poor sales growth of 8.74% over past five years.
  • Earnings include an other income of Rs.204 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Chemicals Industry: Chemicals

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
526 527 544 689 750 730 685 818 800 708 671 674 671
370 385 403 531 545 591 545 657 654 583 553 562 587
Operating Profit 156 142 142 159 205 139 140 160 146 125 118 112 84
OPM % 30% 27% 26% 23% 27% 19% 20% 20% 18% 18% 18% 17% 13%
3 43 7 10 9 9 71 12 10 10 89 11 97
Interest 0 0 0 0 0 0 0 0 0 1 0 0 1
Depreciation 21 18 18 19 19 18 18 20 21 20 21 22 24
Profit before tax 137 168 130 150 194 131 192 152 135 115 186 100 157
Tax % 26% 20% 26% 25% 27% 26% 17% 26% 26% 26% 15% 26% 26%
101 135 97 112 143 97 159 113 101 86 157 75 116
EPS in Rs 7.41 9.89 7.08 8.21 10.46 7.12 11.62 8.30 7.37 6.29 11.54 5.46 8.48
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,019 1,270 1,327 1,336 1,233 1,455 1,792 2,230 1,809 2,511 3,034 2,724
944 1,154 1,186 1,166 1,086 1,245 1,480 1,425 1,271 1,865 2,446 2,281
Operating Profit 75 116 141 170 146 210 312 805 538 646 588 444
OPM % 7% 9% 11% 13% 12% 14% 17% 36% 30% 26% 19% 16%
8 -0 1 -0 83 6 -2 1 13 71 101 204
Interest 11 28 38 39 32 42 45 22 6 3 3 2
Depreciation 19 30 36 39 48 52 53 78 67 73 76 87
Profit before tax 53 58 68 91 149 122 212 706 479 642 610 558
Tax % 28% 34% 21% 29% 26% 32% 35% 23% 26% 24% 23% 22%
38 38 53 65 111 83 138 544 355 486 469 433
EPS in Rs 3.62 3.67 5.11 5.60 8.46 6.12 10.12 39.89 26.01 35.65 34.41 31.78
Dividend Payout % 22% 27% 20% 21% 14% 21% 20% 11% 21% 20% 22% 24%
Compounded Sales Growth
10 Years: 8%
5 Years: 9%
3 Years: 15%
TTM: -10%
Compounded Profit Growth
10 Years: 25%
5 Years: 22%
3 Years: 2%
TTM: -19%
Stock Price CAGR
10 Years: 40%
5 Years: 55%
3 Years: 13%
1 Year: 30%
Return on Equity
10 Years: 20%
5 Years: 22%
3 Years: 18%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 10 10 21 23 26 27 27 27 27 27 27 27
Reserves 270 297 326 453 706 917 1,031 1,464 1,817 2,229 2,598 2,927
341 508 545 495 574 462 328 219 8 24 11 32
268 245 234 290 254 397 450 344 324 364 415 384
Total Liabilities 890 1,061 1,126 1,261 1,559 1,802 1,835 2,054 2,177 2,644 3,050 3,371
325 461 549 593 568 569 589 720 776 674 728 835
CWIP 118 71 38 14 41 36 29 90 69 83 77 126
Investments 1 3 17 133 358 455 563 563 689 909 1,057 945
445 526 522 520 593 742 654 682 644 978 1,188 1,465
Total Assets 890 1,061 1,126 1,261 1,559 1,802 1,835 2,054 2,177 2,644 3,050 3,371

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
24 -14 105 191 93 214 277 515 442 228 310
-156 -97 -87 -162 -274 -189 -78 -268 -226 -159 -188
47 108 -22 -28 178 -25 -198 -248 -215 -64 -113
Net Cash Flow -84 -3 -4 1 -2 -0 2 -1 1 4 9

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 87 84 86 81 93 93 70 60 71 80 72 82
Inventory Days 55 60 47 57 76 85 92 102 106 105 100 92
Days Payable 106 63 48 60 93 140 125 102 108 80 64 61
Cash Conversion Cycle 35 81 85 78 76 37 38 61 70 105 108 114
Working Capital Days 52 71 62 41 71 64 45 58 75 96 97 142
ROCE % 10% 12% 12% 14% 9% 12% 19% 47% 27% 31% 24%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
45.69% 45.69% 45.69% 45.72% 45.72% 45.71% 45.71% 49.13% 49.13% 49.13% 49.13% 49.13%
11.43% 10.85% 8.84% 8.76% 9.07% 8.45% 8.72% 7.72% 8.09% 6.47% 6.48% 6.72%
10.41% 10.61% 10.74% 10.03% 10.72% 12.01% 13.75% 15.06% 15.61% 17.96% 18.87% 19.27%
32.47% 32.85% 34.73% 35.50% 34.50% 33.82% 31.81% 28.10% 27.16% 26.45% 25.52% 24.87%
No. of Shareholders 3,06,0983,74,9625,36,0746,39,6906,70,1026,91,7286,40,7496,49,0466,12,8695,72,5625,34,1155,02,250

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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