Deepak Nitrite Ltd

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Deepak Nitrite Ltd

₹ 1,618 -0.22%
12 Oct - close price
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 Segments:[1]
The company is one of the fastest growing chemical intermediates companies in India with a portfolio of 36+ products and 56+ applications, divided into 2 segments:
a) Phenolics (68% in FY26 vs 70% in FY25): [2][3][4]
The company produces Cumene, Phenol, Acetone, Isopropyl Alcohol, Alpha Methyl Styrene (AMS), etc., catering to industries like laminates & plywood, automotive, construction, pharmaceuticals, and adhesives. It is the largest producer of Phenol and Acetone in India with a 50% market share.
b) Advanced Intermediates (32% in FY26 vs 30% in FY25):[5] [6]
The company manufactures Nitrites, Nitro Toluidines, Xylidines, Oxyimes, Cumidines, Optical Brightening Agents (OBA), DASDA, etc., serving industries like colorants, dyes, rubber, paper, agrochemicals, pharmaceuticals, water treatment, etc. It is India's largest producer of Sodium Nitrite and ranks among the top 3 global manufacturers of Xylidines and Oximes.

Website BSE NSE
  • Market Cap ₹ 22,072 Cr.
  • Current Price ₹ 1,618
  • High / Low ₹ 1,898 / 1,280
  • Stock P/E 27.9
  • Book Value ₹ 428
  • Dividend Yield 0.46 %
  • ROCE 11.4 %
  • ROE 9.82 %
  • Face Value ₹ 2.00
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Pros

Cons

  • Company has a low return on equity of 12.8% over last 3 years.
  • Company might be capitalizing the interest cost

* 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

Commodities Chemicals Chemicals & Petrochemicals Specialty Chemicals

Part of Nifty 500 BSE 250 SmallCap Index Nifty MidSmallcap 400 Nifty Smallcap 250 Nifty 500 Multicap 50:25:25

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
1,768 1,778 2,009 2,126 2,167 2,032 1,903 2,180 1,890 1,902 1,975 2,120 2,578
1,559 1,476 1,705 1,825 1,858 1,734 1,735 1,863 1,700 1,698 1,764 1,744 2,037
Operating Profit 210 302 305 301 309 298 169 317 190 204 211 376 540
OPM % 12% 17% 15% 14% 14% 15% 9% 15% 10% 11% 11% 18% 21%
32 17 14 99 19 21 21 23 25 20 -4 7 14
Interest 2 3 3 4 6 6 6 9 8 8 11 19 23
Depreciation 38 39 42 46 47 48 48 51 51 53 58 63 64
Profit before tax 202 277 274 349 275 264 135 279 155 163 138 301 468
Tax % 26% 26% 26% 27% 26% 26% 27% 27% 27% 27% 28% 27% 26%
150 205 202 254 203 194 98 202 112 119 100 220 345
EPS in Rs 10.99 15.04 14.81 18.61 14.85 14.24 7.19 14.84 8.23 8.70 7.32 16.11 25.30
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
1,327 1,373 1,371 1,651 2,700 4,230 4,360 6,802 7,972 7,682 8,282 7,887 8,575
1,187 1,204 1,231 1,447 2,278 3,194 3,108 5,196 6,680 6,555 7,187 6,900 7,243
Operating Profit 140 169 139 204 421 1,035 1,252 1,607 1,292 1,127 1,095 987 1,331
OPM % 11% 12% 10% 12% 16% 24% 29% 24% 16% 15% 13% 13% 16%
1 -0 80 7 11 29 20 42 46 156 84 44 36
Interest 38 40 37 47 87 118 77 36 27 15 31 49 61
Depreciation 36 40 48 53 78 140 153 178 166 166 195 225 237
Profit before tax 67 89 135 111 268 806 1,042 1,434 1,146 1,102 953 757 1,070
Tax % 21% 29% 28% 29% 35% 24% 26% 26% 26% 26% 27% 27%
53 63 96 79 174 611 776 1,067 852 811 697 551 783
EPS in Rs 5.06 5.39 7.37 5.79 12.73 44.80 56.88 78.20 62.47 59.45 51.12 40.36 57.43
Dividend Payout % 20% 22% 16% 22% 16% 10% 10% 9% 12% 13% 15% 19%
Compounded Sales Growth
10 Years: 19%
5 Years: 13%
3 Years: 0%
TTM: 7%
Compounded Profit Growth
10 Years: 24%
5 Years: -7%
3 Years: -13%
TTM: 31%
Stock Price CAGR
10 Years: 30%
5 Years: -11%
3 Years: -8%
1 Year: -9%
Return on Equity
10 Years: 20%
5 Years: 18%
3 Years: 13%
Last Year: 10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 21 23 26 27 27 27 27 27 27 27 27 27
Reserves 325 450 689 895 1,044 1,545 2,319 3,311 4,063 4,769 5,361 5,810
545 529 724 987 1,187 1,107 590 315 73 286 1,267 1,638
235 295 350 684 677 538 630 779 967 1,012 1,053 1,180
Total Liabilities 1,125 1,296 1,789 2,592 2,935 3,217 3,567 4,432 5,129 6,095 7,708 8,654
549 594 586 588 1,716 1,832 1,864 1,963 1,942 2,293 2,457 3,270
CWIP 44 36 349 955 34 172 220 122 301 774 1,649 1,828
Investments 3 87 118 32 2 2 189 439 379 122 511 213
530 580 736 1,018 1,183 1,210 1,293 1,908 2,508 2,907 3,091 3,343
Total Assets 1,125 1,296 1,789 2,592 2,935 3,217 3,567 4,432 5,129 6,095 7,708 8,654

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
108 167 49 183 60 765 1,002 824 650 874 625 539
-89 -169 -353 -525 -163 -428 -396 -424 -276 -717 -1,489 -669
-22 4 305 345 96 -338 -599 -386 -359 44 806 193
Net Cash Flow -3 2 1 4 -6 -1 7 14 15 200 -59 64
Free Cash Flow 18 81 -192 -438 -194 349 788 638 290 110 -494 -658
CFO/OP 87% 110% 47% 103% 28% 93% 99% 73% 70% 101% 77% 74%

Ratios

Consolidated / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 86 83 96 91 78 53 63 61 60 62 56 70
Inventory Days 47 54 75 118 94 63 64 53 62 54 59 57
Days Payable 48 59 95 176 106 57 72 46 46 38 33 35
Cash Conversion Cycle 85 79 76 32 66 59 56 67 76 77 82 92
Working Capital Days -3 -28 -49 -29 35 33 57 57 70 70 64 61
ROCE % 14% 8% 10% 17% 38% 40% 44% 30% 22% 16% 11%

Insights

In beta
Nov 2018 Jun 2020 Dec 2021 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Phenol Capacity Utilization
%

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Phenolics Segment Revenue Share
%
Isopropyl Alcohol (IPA) Installed Capacity
KTPA
Number of Customers
count
Number of Products
count
Phenol Installed Capacity
KTPA
Acetone Installed Capacity
KTPA
Phenol Production Volume
tonnes
Isopropyl Alcohol (IPA) Capacity Utilization
%
R&D Expenditure (Percentage of Turnover)
% ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

2 Recently
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
49.13% 49.13% 49.13% 49.24% 49.24% 49.24% 49.28% 49.28% 49.28% 49.33% 49.33% 49.34%
6.47% 6.48% 6.72% 6.86% 6.68% 6.59% 6.64% 6.68% 6.21% 6.06% 6.19% 6.24%
17.96% 18.87% 19.27% 21.20% 22.30% 23.22% 23.22% 22.61% 22.70% 23.20% 23.46% 23.76%
26.45% 25.52% 24.87% 22.70% 21.79% 20.94% 20.84% 21.42% 21.82% 21.42% 21.01% 20.65%
No. of Shareholders 5,72,5625,34,1155,02,2504,51,1984,22,3984,10,7494,09,9704,16,2584,19,3674,08,5603,96,7983,82,905

* 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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