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Fundamental Analysis of Deepak Nitrite Ltd

About the Company - Deepak Nitrite Ltd

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. 2511.05 Cr. and Equity Capital is Rs. 27.28 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Chemicals - Inorganic - OthersAaditya-I, Vadodra Gujarat 390024investor@godeepak.com
http://www.godeepak.com
Management
NamePosition Held
Mr. Deepak C MehtaChairman & Managing Director
Mr. Maulik D MehtaExecutive Director & CEO
Mr. Sanjay UpadhyayDirector & Group CFO
Mr. Ajay C MehtaNon Executive Director
Mr. Sandesh Kumar AnandNon Executive Director
Mr. Meghav MehtaNon Executive Director
Mr. Prakash Dinkar SamudraIndependent Director
Mr. Vipul Shantilal ShahIndependent Director
Mr. Punit Sanjay LalbhaiIndependent Director
Ms. Purvi ShethIndependent Director
Mr. Sanjay AsherIndependent Director
Mr. Dileep ChoksiIndependent Director

Deepak Nitrite Ltd. Share Price Update

Share PriceValue
Today₹2,266.00
Previous Day₹2,253.00

Basic Stock Data of Deepak Nitrite Ltd

Market Cap 30,835 Cr.
Current Price 2,261
High / Low2,373/1,730
Stock P/E38.6
Book Value 318
Dividend Yield0.33 %
ROCE29.7 %
ROE22.7 %
Face Value 2.00

Deepak Nitrite Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales9871,2351,4631,5261,6811,7221,8722,0581,9621,9911,9611,7681,778
Expenses7129001,0091,0751,2951,3701,4621,7021,6911,6761,6131,5591,476
Operating Profit276335455452387352410356271315348210302
OPM %28%27%31%30%23%20%22%17%14%16%18%12%17%
Other Income45688264101213133217
Interest20161411977966423
Depreciation31345644444545424241413839
Profit before tax229290390405342325362315235281315202277
Tax %26%25%26%25%26%25%26%26%26%26%26%26%26%
Net Profit170217290303254242267235174209234150205
EPS in Rs12.4815.8821.2722.1918.6517.7819.5917.2012.7915.3317.1510.9915.04

Deepak Nitrite Ltd Quarterly Chart

Deepak Nitrite Ltd Profit & Loss

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,3271,3731,3711,6512,7004,2304,3606,8027,9727,499
Expenses1,1871,2041,2311,4472,2783,1943,1085,1966,6806,324
Operating Profit1401691392044211,0351,2521,6071,2921,175
OPM %11%12%10%12%16%24%29%24%16%16%
Other Income1-0807112920424675
Interest384037478711877362715
Depreciation3640485378140153178166160
Profit before tax67891351112688061,0421,4341,1461,075
Tax %21%29%28%29%35%24%26%26%26%
Net Profit536396791746117761,067852798
EPS in Rs5.065.397.375.7912.7344.8056.8878.2062.4758.51
Dividend Payout %20%22%16%22%16%10%10%9%12%

Deepak Nitrite Ltd Profit & Loss Yearly Chart

Deepak Nitrite Ltd Growth

Compounded Sales Growth
10 Years::%
5 Years::37%
3 Years::24%
TTM::-2%

Deepak Nitrite Ltd Growth

Compounded Profit Growth
10 Years::%
5 Years::59%
3 Years::11%
TTM::-13%

Deepak Nitrite Ltd Growth

Stock Price CAGR
10 Years::54%
5 Years::58%
3 Years::39%
1 Year::2%

Deepak Nitrite Ltd Growth

Return on Equity
10 Years::%
5 Years::32%
3 Years::32%
Last Year::23%

No data available for the Balance Sheet data table.

Deepak Nitrite Ltd Reserves and Borrowings Chart

Deepak Nitrite Ltd Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 10816749183607651,002824650
Cash from Investing Activity -89-169-353-525-163-428-396-424-276
Cash from Financing Activity -22430534596-338-599-386-359
Net Cash Flow-3214-6-171415

Deepak Nitrite Ltd Financial Efficiency Indicators

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days868396917853636160
Inventory Days4754751189463645362
Days Payable48599517610657724646
Cash Conversion Cycle857976326659566776
Working Capital Days604351447055626371
ROCE %14%8%10%17%38%40%44%30%

Deepak Nitrite Ltd Financial Efficiency Indicators Chart

Deepak Nitrite Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters45.69%45.69%45.69%45.69%45.69%45.72%45.72%45.71%45.71%49.13%49.13%49.13%
FIIs13.26%11.87%11.43%10.85%8.84%8.76%9.07%8.45%8.72%7.72%8.09%6.47%
DIIs10.51%11.64%10.41%10.61%10.74%10.03%10.72%12.01%13.75%15.06%15.61%17.96%
Public30.53%30.80%32.47%32.85%34.73%35.50%34.50%33.82%31.81%28.10%27.16%26.45%
No. of Shareholders1,52,7831,90,9153,06,0983,74,9625,36,0746,39,6906,70,1026,91,7286,40,7496,49,0466,12,8695,72,562

Deepak Nitrite Ltd Shareholding Pattern Chart

No. of Deepak Nitrite Ltd Shareholders

Deepak Nitrite Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Motilal Oswal Midcap Fund18250005.98362.58
Motilal Oswal Flexi Cap Fund16000003.92317.88
Franklin India Smaller Companies Fund13879672.85275.75
Franklin India Prima Fund10501232.45208.63
Nippon India Small Cap Fund10000000.53198.68
Franklin India Focused Equity Fund7677691.65152.54
Nippon India Growth Fund5937780.62117.97
Canara Robeco Small Cap Fund3451750.8768.58
Kotak Equity Arbitrage Fund - Regular Plan3414000.2367.83
Bandhan Sterling Value Fund3000000.8959.6

Deepak Nitrite Ltd ROCE Trend

Deepak Nitrite Ltd EPS Trend

Deepak Nitrite Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)62.4678.2056.8844.8012.73
Diluted EPS (Rs.)62.4678.2056.8844.8012.73
Cash EPS (Rs.)74.6691.2368.0755.0418.44
Book Value[Excl.RevalReserv]/Share (Rs.)299.85244.75172.04115.2478.57
Book Value[Incl.RevalReserv]/Share (Rs.)299.85244.75172.04115.2478.57
Revenue From Operations / Share (Rs.)584.46498.69319.63310.10197.95
PBDIT / Share (Rs.)98.02120.6993.0077.7931.45
PBIT / Share (Rs.)85.83107.6681.8167.5425.75
PBT / Share (Rs.)84.01105.1676.3759.1219.65
Net Profit / Share (Rs.)62.4678.2056.8844.8012.73
NP After MI And SOA / Share (Rs.)62.4678.2056.8844.8012.73
PBDIT Margin (%)16.7724.2029.0925.0815.88
PBIT Margin (%)14.6821.5825.5921.7813.00
PBT Margin (%)14.3721.0823.8919.069.92
Net Profit Margin (%)10.6815.6817.7914.446.43
NP After MI And SOA Margin (%)10.6815.6817.7914.446.43
Return on Networth / Equity (%)20.8331.9533.0638.8716.20
Return on Capital Employeed (%)27.0039.8637.1137.4517.18
Return On Assets (%)16.6124.0721.7919.045.93
Long Term Debt / Equity (X)0.010.050.220.490.81
Total Debt / Equity (X)0.010.090.240.651.05
Asset Turnover Ratio (%)0.810.800.670.890.81
Current Ratio (X)3.453.062.621.541.31
Quick Ratio (X)2.332.281.931.020.84
Inventory Turnover Ratio (X)3.814.203.023.204.19
Dividend Payout Ratio (NP) (%)11.207.030.0014.5010.21
Dividend Payout Ratio (CP) (%)9.376.020.0011.807.05
Earning Retention Ratio (%)88.8092.970.0085.5089.79
Cash Earning Retention Ratio (%)90.6393.980.0088.2092.95
Interest Coverage Ratio (%)53.9548.3617.109.245.15
Interest Coverage Ratio (Post Tax) (%)35.3832.3311.466.323.09
Enterprise Value (Cr.)25144.1830869.1023144.916269.674844.50
EV / Net Operating Revenue (X)3.154.545.311.481.79
EV / EBITDA (X)18.8118.7518.255.9111.29
MarketCap / Net Operating Revenue (X)3.154.505.181.251.39
Retention Ratios (%)88.7992.960.0085.4989.78
Price / BV (X)6.149.179.633.353.50
Price / Net Operating Revenue (X)3.154.505.181.251.39
EarningsYield0.030.030.030.110.04

Deepak Nitrite Ltd Profitability Ratios (%)

Deepak Nitrite Ltd Liquidity Ratios

Deepak Nitrite Ltd Liquidity Ratios (%)

Deepak Nitrite Ltd Interest Coverage Ratios (%)

Deepak Nitrite Ltd Valuation Ratios

Fair Value of Deepak Nitrite Ltd Stock

Fair Value: ₹2795.57

The stock is undervalued by 23.64% compared to the current price ₹2261

*Investments are subject to market risks

Strength and Weakness of Deepak Nitrite Ltd Stock

Unable to fetch valid data for stock valuation.

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