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Deepak Nitrite Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹1,918.13Fairly Valued by 9.48%vs CMP ₹1,752.00

P/E (44.1) × ROE (13.4%) × BV (₹404.00) × DY (0.43%)

₹856.78Overvalued by 51.10%vs CMP ₹1,752.00
MoS: -104.5% (Negative)Confidence: 63/100 (Moderate)Models: 1 Fair, 8 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹1,669.7422%Fair (-4.7%)
Graham NumberEarnings₹596.0916%Over (-66%)
Earnings PowerEarnings₹396.8013%Over (-77.4%)
DCFCash Flow₹294.1313%Over (-83.2%)
Net Asset ValueAssets₹404.287%Over (-76.9%)
EV/EBITDAEnterprise₹854.459%Over (-51.2%)
Earnings YieldEarnings₹390.907%Over (-77.7%)
ROCE CapitalReturns₹1,532.259%Over (-12.5%)
Revenue MultipleRevenue₹910.675%Over (-48%)
Consensus (9 models)₹856.78100%Overvalued
Key Drivers: Wide model spread (₹294–₹1,670) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -12.9%

*Investments are subject to market risks

Analyst Summary

Deepak Nitrite Ltd operates in the Chemicals - Inorganic - Others segment, NSE: DEEPAKNTR | BSE: 506401, current market price is ₹1,752.00, market cap is 23,900 Cr.. At a glance, stock P/E is 44.1, ROE is 13.4 %, ROCE is 16.3 %, book value is 404, dividend yield is 0.43 %. The latest intrinsic value estimate is ₹856.78, around 51.1% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹8,282 Cr versus the prior period change of 7.8%, while latest net profit is about ₹697 Cr with a prior-period change of -14.1%. The 52-week range shown on this page is 2,174/1,280, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisDeepak 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 L24110…

This summary is generated from the stock page data available for Deepak Nitrite Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

53
Deepak Nitrite Ltd scores 53/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health81/100 · Strong
ROCE 16.3% GoodROE 13.4% GoodD/E 0.24 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 49.3% Stable
Earnings Quality40/100 · Moderate
OPM contracting (20% → 14%) Declining
Quarterly Momentum15/100 · Weak
Revenue (4Q): -6% YoY DecliningProfit (4Q): -38% YoY DecliningOPM: 11.0% (down 4.0% YoY) Margin pressure
Industry Rank70/100 · Strong
P/E 44.1 vs industry 103.9 Cheaper than peersROCE 16.3% vs industry 14.0% AverageROE 13.4% vs industry 10.7% Above peers3Y sales CAGR: 7% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: May 5, 2026, 12:02 am

Market Cap 23,900 Cr.
Current Price 1,752
Intrinsic Value₹856.78
High / Low 2,174/1,280
Stock P/E44.1
Book Value 404
Dividend Yield0.43 %
ROCE16.3 %
ROE13.4 %
Face Value 2.00
PEG Ratio-3.41

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

View Share Price Target for Deepak Nitrite Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Deepak Nitrite Ltd 23,900 Cr. 1,752 2,174/1,28044.1 4040.43 %16.3 %13.4 % 2.00
Archean Chemical Industries Ltd 7,713 Cr. 625 728/48342.2 1570.48 %16.0 %12.0 % 2.00
Vishnu Chemicals Ltd 4,153 Cr. 617 631/41830.1 1490.05 %18.1 %15.5 % 2.00
Fischer Medical Ventures Ltd 2,479 Cr. 37.9 125/32.062.7 5.550.01 %1.08 %0.70 % 1.00
Sree Rayalaseema Hi-Strength Hypo Ltd 880 Cr. 511 717/3818.54 5880.59 %14.9 %11.0 % 10.0
Industry Average5,047.38 Cr429.08103.87156.250.47%13.95%10.65%6.18

All Competitor Stocks of Deepak Nitrite Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 1,9621,9911,9611,7681,7782,0092,1262,1672,0321,9032,1801,8901,902
Expenses 1,6911,6761,6131,5591,4761,7051,8251,8581,7341,7351,8631,7001,698
Operating Profit 271315348210302305301309298169317190204
OPM % 14%16%18%12%17%15%14%14%15%9%15%10%11%
Other Income 12131332171499192121232520
Interest 6642334666988
Depreciation 42414138394246474848515153
Profit before tax 235281315202277274349275264135279155163
Tax % 26%26%26%26%26%26%27%26%26%27%27%27%27%
Net Profit 17420923415020520225420319498202112119
EPS in Rs 12.7915.3317.1510.9915.0414.8118.6114.8514.247.1914.848.238.70

Last Updated: January 1, 2026, 11:32 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 23, 2026, 9:46 pm

MetricMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1,3271,3731,3711,6512,7004,2304,3606,8027,9727,6828,2827,946
Expenses 1,1871,2041,2311,4472,2783,1943,1085,1966,6806,5557,1877,025
Operating Profit 1401691392044211,0351,2521,6071,2921,1271,095921
OPM % 11%12%10%12%16%24%29%24%16%15%13%12%
Other Income 1-080711292042461568463
Interest 3840374787118773627153136
Depreciation 3640485378140153178166166195213
Profit before tax 67891351112688061,0421,4341,1461,102953734
Tax % 21%29%28%29%35%24%26%26%26%26%27%
Net Profit 536396791746117761,067852811697533
EPS in Rs 5.065.397.375.7912.7344.8056.8878.2062.4759.4551.1239.09
Dividend Payout % 20%22%16%22%16%10%10%9%12%13%15%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)18.87%52.38%-17.71%120.25%251.15%27.00%37.50%-20.15%-4.81%-14.06%
Change in YoY Net Profit Growth (%)0.00%33.51%-70.09%137.96%130.90%-224.14%10.50%-57.65%15.34%-9.24%

Deepak Nitrite Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2015-2016 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:20%
5 Years:14%
3 Years:7%
TTM:-1%
Compounded Profit Growth
10 Years:29%
5 Years:2%
3 Years:-14%
TTM:-25%
Stock Price CAGR
10 Years:41%
5 Years:19%
3 Years:-5%
1 Year:-41%
Return on Equity
10 Years:23%
5 Years:23%
3 Years:17%
Last Year:13%

Last Updated: September 5, 2025, 2:45 am

Balance Sheet

Last Updated: December 4, 2025, 1:09 am

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 212326272727272727272727
Reserves 3254506898951,0441,5452,3193,3114,0634,7695,3615,488
Borrowings 5455297249871,1871,107590315732861,2671,244
Other Liabilities 2352953506846775386307799671,0121,0531,124
Total Liabilities 1,1251,2961,7892,5922,9353,2173,5674,4325,1296,0957,7087,884
Fixed Assets 5495945865881,7161,8321,8641,9631,9422,2932,4572,567
CWIP 4436349955341722201223017741,6492,046
Investments 3871183222189439379122511303
Other Assets 5305807361,0181,1831,2101,2931,9082,5082,9073,0912,967
Total Assets 1,1251,2961,7892,5922,9353,2173,5674,4325,1296,0957,7087,884

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 10816749183607651,002824650874625
Cash from Investing Activity + -89-169-353-525-163-428-396-424-276-717-1,489
Cash from Financing Activity + -22430534596-338-599-386-35944806
Net Cash Flow -3214-6-171415200-59
Free Cash Flow 1881-192-438-194349788638290110-494
CFO/OP 87%110%47%103%28%93%99%73%70%101%77%

Free Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-405.00-360.00-585.00-783.00420.000.00-589.00-314.00-72.00-285.000.00

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

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 8683969178536361606256
Inventory Days 47547511894636453625459
Days Payable 485995176106577246463833
Cash Conversion Cycle 8579763266595667767782
Working Capital Days -3-28-49-2935335757707064
ROCE %14%8%10%17%38%40%44%30%22%16%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 49.13%49.13%49.13%49.13%49.13%49.24%49.24%49.24%49.28%49.28%49.28%49.33%
FIIs 7.72%8.09%6.47%6.48%6.72%6.86%6.68%6.59%6.64%6.68%6.21%6.06%
DIIs 15.06%15.61%17.96%18.87%19.27%21.20%22.30%23.22%23.22%22.61%22.70%23.20%
Public 28.10%27.16%26.45%25.52%24.87%22.70%21.79%20.94%20.84%21.42%21.82%21.42%
No. of Shareholders 6,49,0466,12,8695,72,5625,34,1155,02,2504,51,1984,22,3984,10,7494,09,9704,16,2584,19,3674,08,560

Shareholding Pattern Chart

No. of Shareholders

Deepak Nitrite Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Kotak Midcap Fund 3,979,784 1.11 653.68N/AN/AN/A
Franklin India Small Cap Fund 1,387,967 1.79 227.97N/AN/AN/A
Nippon India Small Cap Fund 1,175,325 0.29 193.051,000,0002025-12-08 02:35:5917.53%
Franklin India Mid Cap Fund 1,100,123 1.48 180.7N/AN/AN/A
Franklin India Focused Equity Fund 767,769 1.03 126.11767,7692025-04-22 17:25:370%
ICICI Prudential Multicap Fund 697,881 0.72 114.63N/AN/AN/A
Sundaram Mid Cap Fund 687,834 0.87 112.98517,1742025-12-08 02:35:5933%
Nippon India Growth Mid Cap Fund 593,778 0.23 97.53N/AN/AN/A
Invesco India Contra Fund 417,600 0.34 68.59N/AN/AN/A
Canara Robeco ELSS Tax Saver Fund 410,000 0.77 67.34N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 2.002.002.002.002.00
Basic EPS (Rs.) 51.1259.4562.4678.2056.88
Diluted EPS (Rs.) 51.1259.4562.4678.2056.88
Cash EPS (Rs.) 65.4571.5974.6691.2368.07
Book Value[Excl.RevalReserv]/Share (Rs.) 395.06353.57299.85244.75172.04
Book Value[Incl.RevalReserv]/Share (Rs.) 395.06353.57299.85244.75172.04
Revenue From Operations / Share (Rs.) 607.18563.18584.46498.69319.63
PBDIT / Share (Rs.) 86.1987.9398.02120.6993.00
PBIT / Share (Rs.) 71.8775.7985.83107.6681.81
PBT / Share (Rs.) 69.8580.7784.01105.1676.37
Net Profit / Share (Rs.) 51.1359.4562.4678.2056.88
NP After MI And SOA / Share (Rs.) 51.1259.4562.4678.2056.88
PBDIT Margin (%) 14.1915.6116.7724.2029.09
PBIT Margin (%) 11.8313.4514.6821.5825.59
PBT Margin (%) 11.5014.3414.3721.0823.89
Net Profit Margin (%) 8.4210.5510.6815.6817.79
NP After MI And SOA Margin (%) 8.4110.5510.6815.6817.79
Return on Networth / Equity (%) 12.9316.9020.8331.9533.06
Return on Capital Employeed (%) 14.4219.4627.0039.8637.11
Return On Assets (%) 9.0313.3016.6124.0721.79
Long Term Debt / Equity (X) 0.190.040.010.050.22
Total Debt / Equity (X) 0.210.040.010.090.24
Asset Turnover Ratio (%) 1.201.370.810.800.67
Current Ratio (X) 3.573.623.453.062.62
Quick Ratio (X) 2.572.652.332.281.93
Inventory Turnover Ratio (X) 9.826.673.814.203.02
Dividend Payout Ratio (NP) (%) 14.6712.6111.207.030.00
Dividend Payout Ratio (CP) (%) 11.4510.479.376.020.00
Earning Retention Ratio (%) 85.3387.3988.8092.970.00
Cash Earning Retention Ratio (%) 88.5589.5390.6393.980.00
Interest Coverage Ratio (X) 42.75101.3853.9548.3617.10
Interest Coverage Ratio (Post Tax) (X) 26.3662.8035.3832.3311.46
Enterprise Value (Cr.) 27844.6728716.8625144.1830869.1023144.91
EV / Net Operating Revenue (X) 3.363.743.154.545.31
EV / EBITDA (X) 23.6823.9418.8118.7518.25
MarketCap / Net Operating Revenue (X) 3.273.773.154.505.18
Retention Ratios (%) 85.3287.3888.7992.960.00
Price / BV (X) 5.026.036.149.179.63
Price / Net Operating Revenue (X) 3.273.773.154.505.18
EarningsYield 0.020.020.030.030.03

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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. 2526.47 Cr. and Equity Capital is Rs. 27.28 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Chemicals - Inorganic - Others2nd Floor, Fermenter House, Alembic City, Vadodra Gujarat 390003Contact not found
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. Meghav MehtaNon Executive Director
Mr. Girish SatarkarExecutive Director
Mr. Vipul ShahIndependent Director
Mr. Punit LalbhaiIndependent Director
Mrs. Purvi ShethIndependent Director
Mr. Sanjay AsherIndependent Director
Mr. Dileep ChoksiIndependent Director

FAQ

What is the intrinsic value of Deepak Nitrite Ltd and is it undervalued?

As of 09 May 2026, Deepak Nitrite Ltd's intrinsic value is ₹856.78, which is 51.10% lower than the current market price of ₹1,752.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (13.4 %), book value (₹404), dividend yield (0.43 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Deepak Nitrite Ltd?

Deepak Nitrite Ltd is trading at ₹1,752.00 as of 09 May 2026, with a FY2026-2027 high of ₹2,174 and low of ₹1,280. The stock is currently in the middle of its 52-week range. Market cap stands at ₹23,900 Cr..

How does Deepak Nitrite Ltd's P/E ratio compare to its industry?

Deepak Nitrite Ltd has a P/E ratio of 44.1, which is below the industry average of 103.87. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Deepak Nitrite Ltd financially healthy?

Key indicators for Deepak Nitrite Ltd: ROCE of 16.3 % indicates efficient capital utilization. Dividend yield is 0.43 %.

Is Deepak Nitrite Ltd profitable and how is the profit trend?

Deepak Nitrite Ltd reported a net profit of ₹697 Cr in Mar 2025 on revenue of ₹8,282 Cr. Compared to ₹1,067 Cr in Mar 2022, the net profit shows a declining trend.

Does Deepak Nitrite Ltd pay dividends?

Deepak Nitrite Ltd has a dividend yield of 0.43 % at the current price of ₹1,752.00. The company pays dividends, though the yield is modest.

Last Updated: May 5, 2026, 12:02 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 506401 | NSE: DEEPAKNTR
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Deepak Nitrite Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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