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Deepak Nitrite Ltd

Updated on March 30, 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₹4,595 Cr.
Current Price ₹337 as on 10 Dec 19
52 Week High / Low Price₹377.45 / ₹204.6
Face Value₹2
Stock P/E12.28
Book Value₹96.06
Dividend Yield0.59 %
ROCE18.71 %
ROE14.04 %
Sales Growth (3yrs)10.29 %
SectorChemicals
IndustryChemicals
Listed onBSE  AND  NSE
Company WebsiteCompany Website
Pros: Company has reduced debt. 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 3.51 times its book value Promoter's stake has decreased 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. ₹1,319.55 60.03 ₹66,189.78 Cr. 0.50 ₹324.22 Cr. 47.40 2.81 1806.58 34.86
2. Tata Chemicals ₹651.15 14.77 ₹17,244.7 Cr. 1.85 ₹355 Cr. 10.34 4.15 3083.50 10.41
3. Godrej Inds. ₹3.25 20.50 ₹14,703.56 Cr. 0.26 ₹310.34 Cr. 128.43 3.56 2628.71 13.23
4. Aarti Inds. ₹514.35 27.39 ₹14,699.29 Cr. 0.65 ₹142.19 Cr. 15.68 -21.58 1019.04 18.11
5. Castrol India ₹130.25 18.13 ₹13,921.9 Cr. 3.55 ₹188.4 Cr. 25.27 -8.38 849.20 100.60
6. Solar Inds. ₹6 32.39 ₹9,573.4 Cr. 0.66 ₹84.36 Cr. 62.42 -2.75 506.56 26.50
7. Fine Organic ₹1,856.8 36.10 ₹5,589.62 Cr. 0.38 ₹57.03 Cr. 74.30 3.09 274.02 43.16
8. Deepak Nitrite 12.28 ₹4,595.08 Cr. 0.59 ₹178.62 Cr. 536.56 31.53 569.15 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

Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019
Sales284329337355371393421433452486550569
YOY Sales Growth %-10.9%-3.4%6.09%16.04%30.72%19.38%24.83%21.89%21.87%23.65%30.72%31.53%
Expenses253289287303319344365364386377366356
Material Cost %56.86%59.59%56.42%56.58%58.93%59.54%59.13%52.11%55.68%51.44%41.44%37.94%
Employee Cost %10.83%8.49%9.33%9.29%9.33%8.4%8.7%9.32%9.22%8.22%8%7.28%
Operating Profit314050525249566966109185213
OPM %11%12%15%15%14%12%13%16%15%22%34%37%
Other Income052106105233
Interest989119111112101065
Depreciation121212131313131313141820
Profit before tax10253130313133444887164191
Tax %28%17%35%24%34%34%35%36%34%35%35%7%
Net Profit7212023202022283257107179
EPS in Rs0.631.751.541.741.561.511.602.062.324.157.8713.10
NotesNotesNotesNotesNotesNotesNotesNotesNotesNotesNotesNotes

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
Sales4695725326727901,0191,2701,3271,3361,2331,4551,7922,058
Sales Growth %13.09%21.95%-7.02%26.33%17.5%29.06%24.55%4.53%0.64%-7.71%18.03%23.16%%
Expenses4325014906157329471,1541,1871,1661,0881,2491,4801,485
Material Cost %64.77%61.11%62.11%64.76%67.17%68.78%63.93%62.99%59.13%55.51%56.37%53.03%%
Manufacturing Cost %14.01%12.87%15.87%14.17%14.19%13.32%13.8%13.66%13.05%14.4%13.34%12.76%%
Employee Cost %6.6%5.91%6.63%6.83%6.4%6.14%6.96%7.54%8.69%9.65%9.08%8.85%%
Other Cost %6.65%7.67%7.48%5.68%4.89%4.68%6.17%5.27%6.41%8.71%7.04%7.98%%
Operating Profit377142585872116140170145206311573
OPM %8%12%8%9%7%7%9%11%13%12%14%17%28%
Other Income46145211-02-08410-114
Interest181887111128383932424532
Depreciation16171818181930363948525364
Profit before tax74330373253586891149122212490
Tax %-4%34%34%30%27%28%34%21%29%26%32%35%
Net Profit7282026233838536511183138374
EPS in Rs1.832.372.113.483.504.915.368.466.1210.1227.44
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:: 27.19%

Compounded Profit Growth

  • 10 Years:: 16.36%
  • 5 Years:: 28.92%
  • 3 Years:: 28.52%
  • TTM:: 313.35%

Return on Equity

  • 10 Years:: 38.32%
  • 5 Years:: 31.72%
  • 3 Years:: 53.97%
  • 1 Year:: 30.76%

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 2019Sep 2019
Share Capital991010101010212326272727
Equity Capital8.968.9610.4510.4510.4510.4510.4520.9123.2626.1427.2827.2827.28
Reserves1591822092272422702973264537069171,0311,283
Borrowings135909362261341508545495574462328196
Other Liabilities9082115122193273250239295285427464396
Trade Payables47.2742.8473.2364.71132.17204.21141.19109.38134.66183.55320.02330.71239.39
Total Liabilities3923624274227078941,0661,1301,2661,5911,8321,8491,903
Fixed Assets164165166163181325461549593568569589580
Gross Block306.73322.53339.86354.98388.29541698.77817.38898.32610.25621.14642.25
Accumulated Depreciation141.25157.86173.79192.12206.97215.58237.49268.66305.1942.2851.9552.88
CWIP582710211871381441362963
Investments2127111317133358455563563
Other Assets222188232250422450530526526624771668697
Inventories64.2364.263.9661.1286.51105.32134.43107.3122.95142.35189.92240240.63
Trade receivables95.3168.37102.25127.98157.49242.25292.24310.99296.34315.45369.21344.45346.7
Cash Equivalents6.553.885.185.8893.549.56.442.743.881.7932.115.582.18
Loans n Advances55.3651.660.432.1738.5671.0471.8463.9862.17147.49163.8465.256.99
Other Assets etc0.680023.2746.1222.0625.1241.3340.517.1916.3412.65100.11
Total Assets3923624274227078941,0661,1301,2661,5911,8321,8491,903

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 Activity608432384324-1410519193214281
Profit from operations40.8179.3952.0660.4557.1972.78116.45140.63170.89149.35217.43312.14
Working Capital Changes19.6318.13-7.73-13.11-4.2-36.36-120.52-21.4439.06-40.2624.5414.72
Taxes paid-0.34-13.02-12.48-9.1-10.05-12.12-10.15-14.01-18.75-16.16-27.81-46
Cash from Investing Activity-5-23-376-139-156-97-87-162-274-189-78
Fixed Assets Purchased-5.18-23.62-13.71-22.81-139.65-170.68-96.95-84.45-52.58-43.35-55.65-71.55
Fixed Assets Sold0.320.262.160.10.4312.880.4616.250.2239.191.121.69
Investments purchased00-260-68.65-59.3500-236.09-448.5-296.65-107.77
Investments sold0002668.6559.3500168.57413.11384.2129.61
Cash from Financing Activity-55-646-4318447108-22-28178-25-201
Proceeds from Shares0014.90000080.71146.43146.280
Proceeds from Borrowings9.095.0953.780214.4576.91179.1582.3215.86182.0599.550
Repayment of Borrowings-44.52-50.56-50.76-31.03-15.05-12.22-35.93-54.94-74.9-102.32-211.58-184.16
Interest Paid-15.45-14.71-6.78-5.94-8.5-10.14-25.24-37.49-37.03-30.92-40.16-43.73
Dividends Paid-4.19-4.23-5.19-5.21-6.25-6.25-8.31-10.39-10.4-13.89-15.6-17.64
Net Cash Flow0-31188-84-3-41-2-02

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Ratios

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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Disclaimer:
All efforts have been made to ensure the information provided here is accurate as per time to time filling by company to exchanges. However, no guarantees are made regarding correctness of data. Investors are advised to validate/check information with exchanges or companies website before making any investment decisions.