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O 2371.95

H 2371.95

L 2371.95

VOL 3633

DEEPAK NITRITE LTD Performance

Days Range

Low: ₹2,316.00
High: ₹2,378.00
Previous Close ₹2,356.60
Open ₹2,371.95
Volume 4,94,845
Day’s Range ₹2,316.00 - ₹2,378.00
52W Range ₹1,757.00 - ₹2,521.15
Market Cap ₹32,152 Cr

Fundamentals of DEEPAK NITRITE LTD

ROCE (TTM) 24.72%
P/E Ratio (TTM) 40.65
P/B Ratio 7.41
Industry P/E 40.78
Debt to Equity 0.02
ROE 18.38%
EPS (TTM) 57.99
Dividend Yield 0.32%
Book Value 318
Face Value 2

Financials of DEEPAK NITRITE LTD

Mar 2023Jun 2023Sep 2023Dec 2023
Net Sales1,961.361,768.341,778.052,009.23
Expenses1,654.321,596.671,515.221,746.27
Profit before tax315.15201.73277.2273.59
Operating Profit233.86149.9205.08202.05
Net Profit233.86149.9205.08202.05
EPS in Rs17.1510.9915.0414.81

About DEEPAK NITRITE LTD

Deepak Nitrite Ltd is engaged in the manufacturing of basic intermediates, fine and speciality chemicals, performance products, and phenolics. It was Incorporated in 1970 by C.K. Mehta and S.S. Aggarwal with an objective to manufacture sodium nitrite, sodium nitrate, and other allied chemicals, hexamethylene tetramine, dyes, and dyes intermediates. In 1979, the company commissioned a plant for the production of formaldehyde for captive consumption in the DNPT.

In 1985, the company installed a plant to manufacture 900 tonnes of guanidine nitrate and 600 tonnes of hydroxylamine sulphate at Nandesari. The company continued its growth trajectory, and phase I of the Nitroaromatics project was commissioned in 1992. It acquired a 68.76% stake in Aryan Pesticides Ltd (APL) in 2000. The company launched products in the Fuel Additive space in 2010 to grow its product categories.

It commenced the first stream for commercial production of Optical Brightening Agents (OBA)  in 2013. The company was conferred with the National Best Employer Brands 2019 award by the Global Employer Branding Institute and World HRD Congress. In 2021, the company received the prestigious Forbes Asia Best Under Billion Top 200 Award for the year 2020.

Business Segments

  • Deepak Nitrite: Under this segment, the company manufactures chemical intermediates to serve the domestic and international markets with high-quality products.
  • Deepak Phenolics: The company operates this segment through the phenol-acetone plant located in Dahej, Gujarat.

Subsidiaries

  • Deepak Phenolics Limited (DPL): It is a wholly owned material subsidiary of Deepak Nitrite. It is engaged in the business of manufacturing Phenol, Acetone and Iso Propyl Alcohol (IPA).
  • Deepak Chem Tech Limited (DCTL): It is a wholly-owned subsidiary formerly known as Deepak Clean Tech Limited. The company is implementing projects for manufacturing various intermediate chemical products.
  • Deepak Nitrite Corporation Inc. (DNC): It is a wholly owned subsidiary based in the United States. It was set up for the marketing needs of the company in North and South America.

Key Personnel

Deepak C. Mehta, Chairman & Managing Director

D.C. Mehta is the Chairman & Managing Director of the company. His business acumen, leadership skills and dynamism have allowed the company to take swift strides forward and achieve several milestones in the past 40 years. He is a science graduate from the University of Bombay.

Corporate Actions

Bonus Issue

In 2014, the company announced a bonus issue of shares in the ratio of 1:1 on the record date of June 20, 2014.

Parent Organisation C K Mehta
Founded 1970
Managing Director D C Mehta
NSE Symbol DEEPAKNTR

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FAQs

What is the Share price of DEEPAK NITRITE LTD (DEEPAKNTR)?

DEEPAK NITRITE LTD (DEEPAKNTR) share price as of February 21, 2024, on NSE is Rs 2,345.50 (NSE) and Rs 2,359.70 (BSE) on BSE.

Can I buy DEEPAK NITRITE LTD (DEEPAKNTR) shares?

Yes, You can buy DEEPAK NITRITE LTD (DEEPAKNTR) shares by opening a Demat account with Angel One.

How do I buy DEEPAK NITRITE LTD (DEEPAKNTR) from Angel One?

DEEPAK NITRITE LTD (DEEPAKNTR) share can be brought through the following modes:
  1. Direct investment: You can buy DEEPAK NITRITE LTD (DEEPAKNTR) shares by opening a Demat account with Angel One.
  2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to DEEPAK NITRITE LTD (DEEPAKNTR) shares.

What is the main business of Deepak Nitrite?

Deepak Nitrite manufactures chemical intermediates to serve the domestic and international market with high quality products made in a responsible and sustainable manner.

What are the Subsidiaries that comes under Deepak Nitrite?

Deepak Nitrate’s product portfolio comprises Basic Chemicals (BC), Fine and Speciality Chemicals (FSC) & Performance Products (PP). The Company has also set up a wholly-owned subsidiary, Deepak Phenolics Limited to manufacture Phenol and Acetone in a new state-of-the-art plant.