Deepak Nitrite Ltd: Share Price Analysis, Intrinsic Value & Fundamentals (2025)

Share Price and Basic Stock Data

Last Updated: March 12, 2025, 1:59 pm

Market Cap	26,445 Cr.
Current Price	1,939
High / Low	3,169/1,790
Stock P/E	38.3
Book Value	373
Dividend Yield	0.39 %
ROCE	21.6 %
ROE	16.4 %
Face Value	2.00
PEG Ratio	-53.96

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Deepak Nitrite Ltd

Competitors of Deepak Nitrite Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Fischer Medical Ventures Ltd	4,299 Cr.	804	907/454	1,919	15.2	0.00 %	5.25 %	4.55 %	10.0
Emmessar Biotech & Nutrition Ltd	17.7 Cr.	35.4	64.0/27.2	23.3	15.6	0.00 %	11.4 %	10.6 %	10.0
Cochin Minerals & Rutile Ltd	200 Cr.	256	415/239	18.0	198	3.13 %	26.6 %	5.82 %	10.0
Archean Chemical Industries Ltd	6,755 Cr.	547	832/408	30.9	143	0.54 %	25.8 %	19.4 %	2.00
Alufluoride Ltd	326 Cr.	417	581/341	14.6	122	0.72 %	25.1 %	22.2 %	10.0
Industry Average	5,302.75 Cr	513.75		217.72	146.20	0.53%	15.23%	10.70%	7.82

All Competitor Stocks of Deepak Nitrite Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	1,722	1,872	2,058	1,962	1,991	1,961	1,768	1,778	2,009	2,126	2,167	2,032	1,903
Expenses	1,370	1,462	1,702	1,691	1,676	1,613	1,559	1,476	1,705	1,825	1,858	1,734	1,735
Operating Profit	352	410	356	271	315	348	210	302	305	301	309	298	169
OPM %	20%	22%	17%	14%	16%	18%	12%	17%	15%	14%	14%	15%	9%
Other Income	26	4	10	12	13	13	32	17	14	99	19	21	21
Interest	7	7	9	6	6	4	2	3	3	4	6	6	6
Depreciation	45	45	42	42	41	41	38	39	42	46	47	48	48
Profit before tax	325	362	315	235	281	315	202	277	274	349	275	264	135
Tax %	25%	26%	26%	26%	26%	26%	26%	26%	26%	27%	26%	26%	27%
Net Profit	242	267	235	174	209	234	150	205	202	254	203	194	98
EPS in Rs	17.78	19.59	17.20	12.79	15.33	17.15	10.99	15.04	14.81	18.61	14.85	14.24	7.19

Last Updated: March 3, 2025, 4:47 pm

Below is a detailed analysis of the quarterly data for Deepak Nitrite Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is ₹1,903.00 Cr.. The value appears to be declining and may need further review. It has decreased from 2,032.00 Cr. (Sep 2024) to ₹1,903.00 Cr., marking a decrease of 129.00 Cr..
For Expenses, as of Dec 2024, the value is ₹1,735.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,734.00 Cr. (Sep 2024) to ₹1,735.00 Cr., marking an increase of ₹1.00 Cr..
For Operating Profit, as of Dec 2024, the value is ₹169.00 Cr.. The value appears to be declining and may need further review. It has decreased from 298.00 Cr. (Sep 2024) to ₹169.00 Cr., marking a decrease of 129.00 Cr..
For OPM %, as of Dec 2024, the value is 9.00%. The value appears to be declining and may need further review. It has decreased from 15.00% (Sep 2024) to 9.00%, marking a decrease of 6.00%.
For Other Income, as of Dec 2024, the value is ₹21.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 21.00 Cr..
For Interest, as of Dec 2024, the value is ₹6.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 6.00 Cr..
For Depreciation, as of Dec 2024, the value is ₹48.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 48.00 Cr..
For Profit before tax, as of Dec 2024, the value is ₹135.00 Cr.. The value appears to be declining and may need further review. It has decreased from 264.00 Cr. (Sep 2024) to ₹135.00 Cr., marking a decrease of 129.00 Cr..
For Tax %, as of Dec 2024, the value is 27.00%. The value appears to be increasing, which may not be favorable. It has increased from 26.00% (Sep 2024) to 27.00%, marking an increase of 1.00%.
For Net Profit, as of Dec 2024, the value is ₹98.00 Cr.. The value appears to be declining and may need further review. It has decreased from 194.00 Cr. (Sep 2024) to ₹98.00 Cr., marking a decrease of 96.00 Cr..
For EPS in Rs, as of Dec 2024, the value is 7.19. The value appears to be declining and may need further review. It has decreased from ₹14.24 (Sep 2024) to 7.19, marking a decrease of ₹7.05.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 6, 2025, 4:29 pm

Metric	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	1,327	1,373	1,371	1,651	2,700	4,230	4,360	6,802	7,972	7,682	8,228
Expenses	1,187	1,204	1,231	1,447	2,278	3,194	3,108	5,196	6,680	6,555	7,152
Operating Profit	140	169	139	204	421	1,035	1,252	1,607	1,292	1,127	1,076
OPM %	11%	12%	10%	12%	16%	24%	29%	24%	16%	15%	13%
Other Income	1	-0	80	7	11	29	20	42	46	156	160
Interest	38	40	37	47	87	118	77	36	27	15	23
Depreciation	36	40	48	53	78	140	153	178	166	166	191
Profit before tax	67	89	135	111	268	806	1,042	1,434	1,146	1,102	1,023
Tax %	21%	29%	28%	29%	35%	24%	26%	26%	26%	26%
Net Profit	53	63	96	79	174	611	776	1,067	852	811	749
EPS in Rs	5.06	5.39	7.37	5.79	12.73	44.80	56.88	78.20	62.47	59.45	54.89
Dividend Payout %	20%	22%	16%	22%	16%	10%	10%	9%	12%	13%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	18.87%	52.38%	-17.71%	120.25%	251.15%	27.00%	37.50%	-20.15%	-4.81%
Change in YoY Net Profit Growth (%)	0.00%	33.51%	-70.09%	137.96%	130.90%	-224.14%	10.50%	-57.65%	15.34%

Deepak Nitrite Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 9 years from 2015-2016 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	%
5 Years:	23%
3 Years:	21%
TTM:	9%

Compounded Profit Growth
10 Years:	%
5 Years:	33%
3 Years:	-2%
TTM:	-13%

Stock Price CAGR
10 Years:	40%
5 Years:	33%
3 Years:	-2%
1 Year:	-8%

Return on Equity
10 Years:	%
5 Years:	28%
3 Years:	24%
Last Year:	16%

Last Updated: Unknown

Balance Sheet

Last Updated: November 15, 2024, 12:38 am

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	21	23	26	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	5,061
Borrowings	545	529	724	987	1,187	1,107	590	315	73	286	857
Other Liabilities	235	295	350	684	677	538	630	779	967	1,012	1,063
Total Liabilities	1,125	1,296	1,789	2,592	2,935	3,217	3,567	4,432	5,129	6,095	7,009
Fixed Assets	549	594	586	588	1,716	1,832	1,864	1,963	1,942	2,293	2,404
CWIP	44	36	349	955	34	172	220	122	301	774	1,169
Investments	3	87	118	32	2	2	189	439	379	122	394
Other Assets	530	580	736	1,018	1,183	1,210	1,293	1,908	2,508	2,907	3,042
Total Assets	1,125	1,296	1,789	2,592	2,935	3,217	3,567	4,432	5,129	6,095	7,009

Below is a detailed analysis of the balance sheet data for Deepak Nitrite Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹27.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded ₹27.00 Cr..
For Reserves, as of Sep 2024, the value is ₹5,061.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹4,769.00 Cr. (Mar 2024) to ₹5,061.00 Cr., marking an increase of 292.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹857.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from ₹286.00 Cr. (Mar 2024) to ₹857.00 Cr., marking an increase of 571.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹1,063.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from ₹1,012.00 Cr. (Mar 2024) to ₹1,063.00 Cr., marking an increase of 51.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹7,009.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from ₹6,095.00 Cr. (Mar 2024) to ₹7,009.00 Cr., marking an increase of 914.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹2,404.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹2,293.00 Cr. (Mar 2024) to ₹2,404.00 Cr., marking an increase of 111.00 Cr..
For CWIP, as of Sep 2024, the value is ₹1,169.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹774.00 Cr. (Mar 2024) to ₹1,169.00 Cr., marking an increase of 395.00 Cr..
For Investments, as of Sep 2024, the value is ₹394.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹122.00 Cr. (Mar 2024) to ₹394.00 Cr., marking an increase of 272.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹3,042.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹2,907.00 Cr. (Mar 2024) to ₹3,042.00 Cr., marking an increase of 135.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹7,009.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹6,095.00 Cr. (Mar 2024) to ₹7,009.00 Cr., marking an increase of 914.00 Cr..

Notably, the Reserves (₹5,061.00 Cr.) exceed the Borrowings (857.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	108	167	49	183	60	765	1,002	824	650	878
Cash from Investing Activity +	-89	-169	-353	-525	-163	-428	-396	-424	-276	-721
Cash from Financing Activity +	-22	4	305	345	96	-338	-599	-386	-359	44
Net Cash Flow	-3	2	1	4	-6	-1	7	14	15	200

Free Cash Flow

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-405.00	-360.00	-585.00	-783.00	420.00	0.00	-589.00	-314.00	-72.00	-285.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	86	83	96	91	78	53	63	61	60	62
Inventory Days	47	54	75	118	94	63	64	53	62	54
Days Payable	48	59	95	176	106	57	72	46	46	41
Cash Conversion Cycle	85	79	76	32	66	59	56	67	76	74
Working Capital Days	60	43	51	44	70	55	62	63	71	70
ROCE %		14%	8%	10%	17%	38%	40%	44%	30%	22%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoters	45.69%	45.72%	45.72%	45.71%	45.71%	49.13%	49.13%	49.13%	49.13%	49.13%	49.24%	49.24%
FIIs	8.84%	8.76%	9.07%	8.45%	8.72%	7.72%	8.09%	6.47%	6.48%	6.72%	6.86%	6.68%
DIIs	10.74%	10.03%	10.72%	12.01%	13.75%	15.06%	15.61%	17.96%	18.87%	19.27%	21.20%	22.30%
Public	34.73%	35.50%	34.50%	33.82%	31.81%	28.10%	27.16%	26.45%	25.52%	24.87%	22.70%	21.79%
No. of Shareholders	5,36,074	6,39,690	6,70,102	6,91,728	6,40,749	6,49,046	6,12,869	5,72,562	5,34,115	5,02,250	4,51,198	4,22,398

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Motilal Oswal Midcap Fund	1,500,000	2.97	375.29	900,000	2025-03-11	66.67%
Franklin India Smaller Companies Fund	1,387,967	2.48	347.26	900,000	2025-03-11	54.22%
Franklin India Prima Fund	1,100,123	2.29	275.25	900,000	2025-03-11	22.24%
Nippon India Small Cap Fund	1,000,000	0.44	250.2	900,000	2025-03-11	11.11%
Motilal Oswal Flexi Cap Fund	900,000	2.02	225.18	900,000	2025-03-11	0%
Franklin India Focused Equity Fund	767,769	1.57	192.09	900,000	2025-03-11	-14.69%
Mirae Asset Large & Midcap Fund	747,824	0.49	187.1	900,000	2025-03-11	-16.91%
Nippon India Growth Fund	593,778	0.48	148.56	900,000	2025-03-11	-34.02%
Sundaram Mid Cap Fund	517,174	1.09	129.39	900,000	2025-03-11	-42.54%
Sundaram Mid Cap Fund - Institutional Plan	517,174	1.09	129.39	900,000	2025-03-11	-42.54%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	2.00	2.00	2.00	2.00	2.00
Basic EPS (Rs.)	59.45	62.46	78.20	56.88	44.80
Diluted EPS (Rs.)	59.45	62.46	78.20	56.88	44.80
Cash EPS (Rs.)	71.59	74.66	91.23	68.07	55.04
Book Value[Excl.RevalReserv]/Share (Rs.)	353.57	299.85	244.75	172.04	115.24
Book Value[Incl.RevalReserv]/Share (Rs.)	353.57	299.85	244.75	172.04	115.24
Revenue From Operations / Share (Rs.)	563.18	584.46	498.69	319.63	310.10
PBDIT / Share (Rs.)	87.93	98.02	120.69	93.00	77.79
PBIT / Share (Rs.)	75.79	85.83	107.66	81.81	67.54
PBT / Share (Rs.)	80.77	84.01	105.16	76.37	59.12
Net Profit / Share (Rs.)	59.45	62.46	78.20	56.88	44.80
NP After MI And SOA / Share (Rs.)	59.45	62.46	78.20	56.88	44.80
PBDIT Margin (%)	15.61	16.77	24.20	29.09	25.08
PBIT Margin (%)	13.45	14.68	21.58	25.59	21.78
PBT Margin (%)	14.34	14.37	21.08	23.89	19.06
Net Profit Margin (%)	10.55	10.68	15.68	17.79	14.44
NP After MI And SOA Margin (%)	10.55	10.68	15.68	17.79	14.44
Return on Networth / Equity (%)	16.90	20.83	31.95	33.06	38.87
Return on Capital Employeed (%)	19.46	27.00	39.86	37.11	37.45
Return On Assets (%)	13.30	16.61	24.07	21.79	19.04
Long Term Debt / Equity (X)	0.04	0.01	0.05	0.22	0.49
Total Debt / Equity (X)	0.04	0.01	0.09	0.24	0.65
Asset Turnover Ratio (%)	1.37	0.81	0.80	0.67	0.89
Current Ratio (X)	3.62	3.45	3.06	2.62	1.54
Quick Ratio (X)	2.65	2.33	2.28	1.93	1.02
Inventory Turnover Ratio (X)	6.67	3.81	4.20	3.02	3.20
Dividend Payout Ratio (NP) (%)	12.61	11.20	7.03	0.00	14.50
Dividend Payout Ratio (CP) (%)	10.47	9.37	6.02	0.00	11.80
Earning Retention Ratio (%)	87.39	88.80	92.97	0.00	85.50
Cash Earning Retention Ratio (%)	89.53	90.63	93.98	0.00	88.20
Interest Coverage Ratio (X)	101.38	53.95	48.36	17.10	9.24
Interest Coverage Ratio (Post Tax) (X)	62.80	35.38	32.33	11.46	6.32
Enterprise Value (Cr.)	28716.86	25144.18	30869.10	23144.91	6269.67
EV / Net Operating Revenue (X)	3.74	3.15	4.54	5.31	1.48
EV / EBITDA (X)	23.94	18.81	18.75	18.25	5.91
MarketCap / Net Operating Revenue (X)	3.77	3.15	4.50	5.18	1.25
Retention Ratios (%)	87.38	88.79	92.96	0.00	85.49
Price / BV (X)	6.03	6.14	9.17	9.63	3.35
Price / Net Operating Revenue (X)	3.77	3.15	4.50	5.18	1.25
EarningsYield	0.02	0.03	0.03	0.03	0.11

After reviewing the key financial ratios for Deepak Nitrite Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 2.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 2.00.
For Basic EPS (Rs.), as of Mar 24, the value is 59.45. This value is within the healthy range. It has decreased from 62.46 (Mar 23) to 59.45, marking a decrease of 3.01.
For Diluted EPS (Rs.), as of Mar 24, the value is 59.45. This value is within the healthy range. It has decreased from 62.46 (Mar 23) to 59.45, marking a decrease of 3.01.
For Cash EPS (Rs.), as of Mar 24, the value is 71.59. This value is within the healthy range. It has decreased from 74.66 (Mar 23) to 71.59, marking a decrease of 3.07.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 353.57. It has increased from 299.85 (Mar 23) to 353.57, marking an increase of 53.72.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 353.57. It has increased from 299.85 (Mar 23) to 353.57, marking an increase of 53.72.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 563.18. It has decreased from 584.46 (Mar 23) to 563.18, marking a decrease of 21.28.
For PBDIT / Share (Rs.), as of Mar 24, the value is 87.93. This value is within the healthy range. It has decreased from 98.02 (Mar 23) to 87.93, marking a decrease of 10.09.
For PBIT / Share (Rs.), as of Mar 24, the value is 75.79. This value is within the healthy range. It has decreased from 85.83 (Mar 23) to 75.79, marking a decrease of 10.04.
For PBT / Share (Rs.), as of Mar 24, the value is 80.77. This value is within the healthy range. It has decreased from 84.01 (Mar 23) to 80.77, marking a decrease of 3.24.
For Net Profit / Share (Rs.), as of Mar 24, the value is 59.45. This value is within the healthy range. It has decreased from 62.46 (Mar 23) to 59.45, marking a decrease of 3.01.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 59.45. This value is within the healthy range. It has decreased from 62.46 (Mar 23) to 59.45, marking a decrease of 3.01.
For PBDIT Margin (%), as of Mar 24, the value is 15.61. This value is within the healthy range. It has decreased from 16.77 (Mar 23) to 15.61, marking a decrease of 1.16.
For PBIT Margin (%), as of Mar 24, the value is 13.45. This value is within the healthy range. It has decreased from 14.68 (Mar 23) to 13.45, marking a decrease of 1.23.
For PBT Margin (%), as of Mar 24, the value is 14.34. This value is within the healthy range. It has decreased from 14.37 (Mar 23) to 14.34, marking a decrease of 0.03.
For Net Profit Margin (%), as of Mar 24, the value is 10.55. This value exceeds the healthy maximum of 10. It has decreased from 10.68 (Mar 23) to 10.55, marking a decrease of 0.13.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 10.55. This value is within the healthy range. It has decreased from 10.68 (Mar 23) to 10.55, marking a decrease of 0.13.
For Return on Networth / Equity (%), as of Mar 24, the value is 16.90. This value is within the healthy range. It has decreased from 20.83 (Mar 23) to 16.90, marking a decrease of 3.93.
For Return on Capital Employeed (%), as of Mar 24, the value is 19.46. This value is within the healthy range. It has decreased from 27.00 (Mar 23) to 19.46, marking a decrease of 7.54.
For Return On Assets (%), as of Mar 24, the value is 13.30. This value is within the healthy range. It has decreased from 16.61 (Mar 23) to 13.30, marking a decrease of 3.31.
For Long Term Debt / Equity (X), as of Mar 24, the value is 0.04. This value is below the healthy minimum of 0.2. It has increased from 0.01 (Mar 23) to 0.04, marking an increase of 0.03.
For Total Debt / Equity (X), as of Mar 24, the value is 0.04. This value is within the healthy range. It has increased from 0.01 (Mar 23) to 0.04, marking an increase of 0.03.
For Asset Turnover Ratio (%), as of Mar 24, the value is 1.37. It has increased from 0.81 (Mar 23) to 1.37, marking an increase of 0.56.
For Current Ratio (X), as of Mar 24, the value is 3.62. This value exceeds the healthy maximum of 3. It has increased from 3.45 (Mar 23) to 3.62, marking an increase of 0.17.
For Quick Ratio (X), as of Mar 24, the value is 2.65. This value exceeds the healthy maximum of 2. It has increased from 2.33 (Mar 23) to 2.65, marking an increase of 0.32.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 6.67. This value is within the healthy range. It has increased from 3.81 (Mar 23) to 6.67, marking an increase of 2.86.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 12.61. This value is below the healthy minimum of 20. It has increased from 11.20 (Mar 23) to 12.61, marking an increase of 1.41.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 10.47. This value is below the healthy minimum of 20. It has increased from 9.37 (Mar 23) to 10.47, marking an increase of 1.10.
For Earning Retention Ratio (%), as of Mar 24, the value is 87.39. This value exceeds the healthy maximum of 70. It has decreased from 88.80 (Mar 23) to 87.39, marking a decrease of 1.41.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 89.53. This value exceeds the healthy maximum of 70. It has decreased from 90.63 (Mar 23) to 89.53, marking a decrease of 1.10.
For Interest Coverage Ratio (X), as of Mar 24, the value is 101.38. This value is within the healthy range. It has increased from 53.95 (Mar 23) to 101.38, marking an increase of 47.43.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 62.80. This value is within the healthy range. It has increased from 35.38 (Mar 23) to 62.80, marking an increase of 27.42.
For Enterprise Value (Cr.), as of Mar 24, the value is 28,716.86. It has increased from 25,144.18 (Mar 23) to 28,716.86, marking an increase of 3,572.68.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 3.74. This value exceeds the healthy maximum of 3. It has increased from 3.15 (Mar 23) to 3.74, marking an increase of 0.59.
For EV / EBITDA (X), as of Mar 24, the value is 23.94. This value exceeds the healthy maximum of 15. It has increased from 18.81 (Mar 23) to 23.94, marking an increase of 5.13.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 3.77. This value exceeds the healthy maximum of 3. It has increased from 3.15 (Mar 23) to 3.77, marking an increase of 0.62.
For Retention Ratios (%), as of Mar 24, the value is 87.38. This value exceeds the healthy maximum of 70. It has decreased from 88.79 (Mar 23) to 87.38, marking a decrease of 1.41.
For Price / BV (X), as of Mar 24, the value is 6.03. This value exceeds the healthy maximum of 3. It has decreased from 6.14 (Mar 23) to 6.03, marking a decrease of 0.11.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 3.77. This value exceeds the healthy maximum of 3. It has increased from 3.15 (Mar 23) to 3.77, marking an increase of 0.62.
For EarningsYield, as of Mar 24, the value is 0.02. This value is below the healthy minimum of 5. It has decreased from 0.03 (Mar 23) to 0.02, marking a decrease of 0.01.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Deepak Nitrite Ltd as of March 12, 2025 is: ₹1,881.62

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of March 12, 2025, Deepak Nitrite Ltd is Overvalued by 2.96% compared to the current share price 1,939.00

Intrinsic Value of Deepak Nitrite Ltd as of March 12, 2025 is: 1,868.27

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of March 12, 2025, Deepak Nitrite Ltd is Overvalued by 3.65% compared to the current share price 1,939.00

Last 5 Year EPS CAGR: -0.71%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 22.30%, which is a positive sign. The company has higher reserves (2,224.64 cr) compared to borrowings (654.55 cr), indicating strong financial stability. The company has shown consistent growth in sales (3.82 cr) and profit (134.64 cr) over the years.	The stock has a high average Working Capital Days of 58.90, which may not be favorable. The stock has a high average Cash Conversion Cycle of 67.00, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Deepak Nitrite Ltd:
1. Net Profit Margin: 10.55%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 19.46% (Industry Average ROCE: 15.23%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 16.9% (Industry Average ROE: 10.7%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 62.8
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 2.65
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 38.3 (Industry average Stock P/E: 217.72)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.04
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

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. Currently Company is involved in the business activities of Manufacture of chemicals and chemical products. Company's Total Operating Revenue is Rs. 2724.36 Cr. and Equity Capital is Rs. 27.28 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Chemicals - Inorganic - Others	2nd Floor, Fermenter House, Alembic City, Vadodra Gujarat 390003	investor@godeepak.com http://www.godeepak.com

Management
Name	Position Held
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. Meghav Mehta	Non Executive Director
Mr. Girish Satarkar	Executive Director
Mr. Prakash Samudra	Independent Director
Mr. Vipul Shah	Independent Director
Mr. Punit Lalbhai	Independent Director
Mrs. Purvi Sheth	Independent Director
Mr. Sanjay Asher	Independent Director
Mr. Dileep Choksi	Independent Director

FAQ

What is the latest intrinsic value of Deepak Nitrite Ltd?

The latest intrinsic value of Deepak Nitrite Ltd as on 12 March 2025 is ₹1881.62, which is 2.96% lower than the current market price of ₹1,939.00, indicating the stock is overvalued by 2.96%. The intrinsic value of Deepak Nitrite Ltd is calculated using PE ratio method. The stock has a market capitalization of ₹26,445 Cr. and recorded a high/low of ₹3,169/1,790 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹5,061 Cr and total liabilities of ₹7,009 Cr.

What is the Market Cap of Deepak Nitrite Ltd?

The Market Cap of Deepak Nitrite Ltd is 26,445 Cr..

What is the current Stock Price of Deepak Nitrite Ltd as on 12 March 2025?

The current stock price of Deepak Nitrite Ltd as on 12 March 2025 is ₹1,939.

What is the High / Low of Deepak Nitrite Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Deepak Nitrite Ltd stocks is ₹3,169/1,790.

What is the Stock P/E of Deepak Nitrite Ltd?

The Stock P/E of Deepak Nitrite Ltd is 38.3.

What is the Book Value of Deepak Nitrite Ltd?

The Book Value of Deepak Nitrite Ltd is 373.

What is the Dividend Yield of Deepak Nitrite Ltd?

The Dividend Yield of Deepak Nitrite Ltd is 0.39 %.

What is the ROCE of Deepak Nitrite Ltd?

The ROCE of Deepak Nitrite Ltd is 21.6 %.

What is the ROE of Deepak Nitrite Ltd?

The ROE of Deepak Nitrite Ltd is 16.4 %.

What is the Face Value of Deepak Nitrite Ltd?

The Face Value of Deepak Nitrite Ltd is 2.00.