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Deepak Nitrite Ltd

Updated on July 7, 2020

Stock/Share Code - DEEPAKNTR

Deepak Nitrite manufactures Basic Chemicals, Fine & Speciality Chemicals and Performance Products.(Source : 201903 Annual Report Page No: 141)

Below is the details of DEEPAKNTR Deepak Nitrite Ltd

Market Cap₹6,794 Cr.
Current Price ₹524.5 as on 10 Jul 20
52 Week High / Low Price₹570 / ₹256.95
Face Value₹2
Stock P/E12.49
Book Value₹109.34
Dividend Yield0.90 %
ROCE18.71 %
ROE14.04 %
Sales Growth (3yrs)10.29 %
Listed onBSE  AND  NSE
Company WebsiteCompany Website
Pros: Company has reduced debt. Company is virtually debt free. Company has good consistent profit growth of 28.92% over 5 years Company has been maintaining a healthy dividend payout of 18.39%
Cons: Stock is trading at 4.56 times its book value The company has delivered a poor growth of 7.13% over past five years. Company has a low return on equity of 11.44% for last 3 years.

Deepak Nitrite Ltd Price Chart

Deepak Nitrite Ltd Price Chart

Deepak Nitrite Ltd Peer Comparison in Chemicals

S.No. Name CMP Rs. P/E Mar Cap Rs.Cr. Div Yld % NP Qtr Rs.Cr. Qtr Profit Var % Qtr Sales Var % Sales Qtr Rs.Cr. ROCE %
1. Pidilite Inds. ₹1,382.85 61.05 ₹74,612.9 Cr. 0.48 ₹341.78 Cr. 53.75 4.26 1926.59 34.86
2. Aarti Inds. ₹1,359.95 31.74 ₹17,007.9 Cr. 0.56 ₹110.35 Cr. -11.90 -5.69 1076.15 18.47
3. Sumitomo Chemi. ₹273.4 78.32 ₹12,975.29 Cr. 0.00 ₹0.68 Cr. 1297.85 21.03 523.02 26.02
4. Castrol India ₹290.25 13.81 ₹11,429.31 Cr. 4.76 ₹271.3 Cr. 28.03 -2.09 1011.80 100.60
5. Godrej Inds. ₹3 19.25 ₹10,721.49 Cr. 0.36 ₹25.9 Cr. -86.39 6.36 3120.67 13.23
6. Vinati Organics ₹1,005 30.58 ₹10,448.82 Cr. 0.49 ₹66.82 Cr. -5.46 -21.31 238.47 45.83
7. Solar Inds. ₹8.15 27.94 ₹8,074.43 Cr. 0.78 ₹61.98 Cr. -9.58 -14.08 561.10 26.50
8. Deepak Nitrite 12.49 ₹6,793.74 Cr. 0.90 ₹116.26 Cr. 105.55 8.10 525.24 18.71

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Deepak Nitrite Ltd Fundamentals

Quarterly Results

Quarterly reports are issued by companies every three months. Most companies have a financial year-end of Mar. 31 and quarters that end on June 30, Sept. 30, Dec. 31 and March 31.

Standalone Figures in Rs. Crores

Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020
Sales -337355371393421433452486550569585525
YOY Sales Growth %6.09%16.04%30.72%19.38%24.83%21.89%21.87%23.65%30.72%31.53%29.31%8.10%
Expenses -287303319344365364386377366356371341
Material Cost %56.42%56.58%58.93%59.54%59.13%52.11%55.68%51.44%41.44%37.94%39.11%40.97%
Employee Cost %9.33%9.29%9.33%8.40%8.70%9.32%9.22%8.22%8.00%7.28%7.90%8.25%
Operating Profit50525249566966109185213213184
OPM %15%15%14%12%13%16%15%22%34%37%36%35%
Other Income210610523321
Profit before tax3130313133444887164191191160
Tax %35%24%34%34%35%36%34%35%35%7%26%27%
Net Profit2023202022283257107179142116
EPS in Rs1.541.741.561.511.602.062.324.157.8713.1010.408.52

Profit & Loss

The profit and loss (P&L) statement is a financial statement that summarizes the revenues, costs and expenses incurred during a specified period, usually a fiscal quarter or year. The P&L statement is synonymous with the income statement. These records provide information about a company's ability or inability to generate profit" by increasing revenue, reducing costs or both. Some refer to the P&L statement as a statement of profit and loss, income statement, statement of operations, statement of financial results or income, earnings statement or expense statement.

Standalone Figures in Rs. Crores

Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019TTM
Sales -4695725326727901,0191,2701,3271,3361,2331,4551,7922,230
Sales Growth %13.09%21.95%-7.02%26.33%17.50%29.06%24.55%4.53%0.64%-7.71%18.03%23.16%
Expenses -4325014906157329471,1541,1871,1661,0881,2491,4801,434
Material Cost %65%61%62%65%67%69%64%63%59%56%56%53%
Manufacturing Cost %14%13%16%14%14%13%14%14%13%14%13%13%
Employee Cost %7%6%7%7%6%6%7%8%9%10%9%9%
Other Cost %6%7%7%6%5%5%6%5%6%9%7%8%
Operating Profit377142585872116140170145206311796
OPM %8%12%8%9%7%7%9%11%13%12%14%17%36%
Other Income46145211-02-08410-19
Profit before tax74330373253586891149122212706
Tax %-4%34%34%30%27%28%34%21%29%26%32%35%
Net Profit7282026233838536511183138544
EPS in Rs1.832.372.113.483.504.915.368.466.1210.1239.89
Dividend Payout %51%16%26%24%27%22%27%20%21%14%21%20%

Compounded Sales Growth

  • 10 Years:: 12.09%
  • 5 Years:: 7.13%
  • 3 Years:: 10.29%
  • TTM:: 24.43%

Compounded Profit Growth

  • 10 Years:: 16.36%
  • 5 Years:: 28.92%
  • 3 Years:: 28.52%
  • TTM:: 294.17%

Return on Equity

  • 10 Years:: 40.77%
  • 5 Years:: 49.48%
  • 3 Years:: 51.99%
  • 1 Year:: 58.05%

Balance Sheet

A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure. It is a financial statement that provides a snapshot of what a company owns and owes, as well as the amount invested by shareholders. It is used alongside other important financial statements such as the income statement and statement of cash flows in conducting fundamental analysis or calculating financial ratios.

Standalone Figures in Rs. Crores

Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Share Capital -991010101010212326272727
Equity Capital8.968.9610.4510.4510.4510.4510.4520.9123.2626.1427.2827.2827.28
Other Liabilities -8778110118189268245234290254397450366
Trade Payables47437365132204141109130175314325239
Advance from Customers511000112116
Other liability items3534375357641031251587782118127
Total Liabilities3903584224177038901,0611,1261,2611,5591,8021,8352,047
Fixed Assets -164165166163181325461549593568569589720
Gross Block307323340355388541699817898610621642
Accumulated Depreciation141158174192207216237269305425253
Other Assets -219184227246418445526522520593742654674
Trade receivables9568102128157242292311296315369344366
Cash Equivalents7456941063423264
Loans n Advances555260323971726462147164657
Other asset items-2-4-5194217213735-14-14-164
Total Assets3903584224177038901,0611,1261,2611,5591,8021,8352,047

Cash Flows

Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level, a company’s ability to create value for shareholders is determined by its ability to generate positive cash flows, or more specifically, maximize long-term free cash flow.

Standalone Figures in Rs. Crores

Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Cash from Operating Activity -608432384324-1410519193214281
Profit from operations417952605773116141171149217312
Loans Advances171-61-19-3-415-400-0
Interest paid0000000000-28-46
Direct taxes-0-13-12-9-10-12-10-14-19-1600
Other operating items00000017-1026-21-324
Cash from Investing Activity --5-23-376-139-156-97-87-162-274-189-78
Fixed assets purchased-5-24-14-23-140-171-97-84-53-43-56-72
Fixed assets sold002001301603912
Investments purchased00-260-69-5900-236-448-297-108
Investments sold00026695900169413384130
Interest received011202110011
Dividends received000100000000
Invest in subsidiaries00000000-43-218-201-79
Investment in group cos000000-2-190000
Issue of shares on acq000000000-1600
Other investing items0000000000-2348
Cash from Financing Activity --55-646-4318447108-22-28178-25-201
Proceeds from shares001500000811461460
Proceeds from borrowings9554021477179821618210050
Repayment of borrowings-45-51-51-31-15-12-36-55-75-102-212-184
Interest paid fin-15-15-7-6-8-10-25-37-37-31-40-44
Dividends paid-4-4-5-5-6-6-8-10-10-14-16-18
Other financing items000-1-1-1-1-2-2-3-3-6
Net Cash Flow0-31188-84-3-41-2-02

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Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
ROCE %8%22%13%15%11%10%12%12%14%9%12%19%
Debtor Days744470697387848681939370
Inventory Turnover7.218.918.3010.7510.7010.6310.5910.9811.609.298.768.34

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