Deepak Nitrite Ltd

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

Deepak Nitrite Ltd

₹ 2,305 -0.72%
18 Apr - 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 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 ₹ 31,450 Cr.
  • Current Price ₹ 2,305
  • High / Low ₹ 2,521 / 1,812
  • Stock P/E 39.8
  • Book Value ₹ 318
  • Dividend Yield 0.33 %
  • ROCE 29.7 %
  • ROE 22.7 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 31.5%

Cons

  • Stock is trading at 7.24 times its book value

* 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

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
1,235 1,463 1,526 1,681 1,722 1,872 2,058 1,962 1,991 1,961 1,768 1,778 2,009
900 1,009 1,075 1,295 1,370 1,462 1,702 1,691 1,676 1,613 1,559 1,476 1,705
Operating Profit 335 455 452 387 352 410 356 271 315 348 210 302 305
OPM % 27% 31% 30% 23% 20% 22% 17% 14% 16% 18% 12% 17% 15%
5 6 8 8 26 4 10 12 13 13 32 17 14
Interest 16 14 11 9 7 7 9 6 6 4 2 3 3
Depreciation 34 56 44 44 45 45 42 42 41 41 38 39 42
Profit before tax 290 390 405 342 325 362 315 235 281 315 202 277 274
Tax % 25% 26% 25% 26% 25% 26% 26% 26% 26% 26% 26% 26% 26%
217 290 303 254 242 267 235 174 209 234 150 205 202
EPS in Rs 15.88 21.27 22.19 18.65 17.78 19.59 17.20 12.79 15.33 17.15 10.99 15.04 14.81
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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 TTM
1,327 1,373 1,371 1,651 2,700 4,230 4,360 6,802 7,972 7,517
1,187 1,204 1,231 1,447 2,278 3,194 3,108 5,196 6,680 6,352
Operating Profit 140 169 139 204 421 1,035 1,252 1,607 1,292 1,165
OPM % 11% 12% 10% 12% 16% 24% 29% 24% 16% 15%
1 -0 80 7 11 29 20 42 46 75
Interest 38 40 37 47 87 118 77 36 27 12
Depreciation 36 40 48 53 78 140 153 178 166 160
Profit before tax 67 89 135 111 268 806 1,042 1,434 1,146 1,068
Tax % 21% 29% 28% 29% 35% 24% 26% 26% 26%
53 63 96 79 174 611 776 1,067 852 791
EPS in Rs 5.06 5.39 7.37 5.79 12.73 44.80 56.88 78.20 62.47 57.99
Dividend Payout % 20% 22% 16% 22% 16% 10% 10% 9% 12%
Compounded Sales Growth
10 Years: %
5 Years: 37%
3 Years: 24%
TTM: -5%
Compounded Profit Growth
10 Years: %
5 Years: 59%
3 Years: 11%
TTM: -11%
Stock Price CAGR
10 Years: 47%
5 Years: 54%
3 Years: 14%
1 Year: 25%
Return on Equity
10 Years: %
5 Years: 32%
3 Years: 32%
Last Year: 23%

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 Sep 2023
Equity Capital 21 23 26 27 27 27 27 27 27 27
Reserves 325 450 689 895 1,044 1,545 2,319 3,311 4,063 4,315
545 529 724 987 1,187 1,107 590 315 73 67
235 295 350 684 677 538 630 779 967 859
Total Liabilities 1,125 1,296 1,789 2,592 2,935 3,217 3,567 4,432 5,129 5,268
549 594 586 588 1,716 1,832 1,864 1,963 1,942 1,991
CWIP 44 36 349 955 34 172 220 122 301 479
Investments 3 87 118 32 2 2 189 439 379 521
530 580 736 1,018 1,183 1,210 1,293 1,908 2,508 2,277
Total Assets 1,125 1,296 1,789 2,592 2,935 3,217 3,567 4,432 5,129 5,268

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
108 167 49 183 60 765 1,002 824 650
-89 -169 -353 -525 -163 -428 -396 -424 -276
-22 4 305 345 96 -338 -599 -386 -359
Net Cash Flow -3 2 1 4 -6 -1 7 14 15

Ratios

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
Debtor Days 86 83 96 91 78 53 63 61 60
Inventory Days 47 54 75 118 94 63 64 53 62
Days Payable 48 59 95 176 106 57 72 46 46
Cash Conversion Cycle 85 79 76 32 66 59 56 67 76
Working Capital Days 60 43 51 44 70 55 62 63 71
ROCE % 14% 8% 10% 17% 38% 40% 44% 30%

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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