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Deepak Nitrite Ltd

Updated on July 14, 2019

Stock/Share Code - DEEPAKNTR

Deepak Nitrite is a chemical manufacturing company. The Company offers Sodium Nitrite, 2 Ethyl Hexyl Nitrate and Optical Brightening Agent (OBA). The Company's segments include Bulk Chemicals and Commodities (BCC), Fine and Speciality Chemicals (FSC), and Fluorescent Whitening Agent (FWA).

Below is the details of DEEPAKNTR Deepak Nitrite Ltd

Market Cap₹4,298 Cr.
Current Price ₹302.7 as on 19 Jul 19
52 Week High / Low Price₹325.85 / ₹204.6
Face Value₹2
Stock P/E31.14
Book Value₹77.56
Dividend Yield0.41 %
ROCE12.23 %
ROE10.11 %
Sales Growth (3yrs)3.11 %
Listed onBSE  AND  NSE
Company WebsiteCompany Website
Pros: Company has reduced debt. Company has been maintaining a healthy dividend payout of 18.95%
Cons: Stock is trading at 4.06 times its book value Promoter's stake has decreased The company has delivered a poor growth of 7.37% over past five years. Company has a low return on equity of 11.07% 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. ₹1,195.35 69.92 ₹65,511.42 Cr. 0.47 ₹235.14 Cr. 0.13 10.34 1638.93 37.64
2. Godrej Inds. ₹4.05 31.89 ₹16,541.7 Cr. 0.36 ₹297.41 Cr. 58.75 48.26 2971.78 9.33
3. Aarti Inds. ₹486.2 34.52 ₹16,199.67 Cr. 0.05 ₹124.45 Cr. 46.93 17.69 1211.44 16.30
4. Tata Chemicals ₹592.65 14.68 ₹16,077.9 Cr. 3.49 ₹408.71 Cr. -71.98 8.00 2759.39 11.38
5. Castrol India ₹125.35 20.46 ₹14,559.88 Cr. 3.40 ₹185 Cr. 1.76 5.30 976.20 100.60
6. Guj Fluorochem ₹929.5 8.77 ₹11,558.73 Cr. 0.33 ₹579.55 Cr. 862.01 38.03 1368.85 7.94
7. Solar Inds. ₹6.55 40.68 ₹10,643.44 Cr. 0.51 ₹71.55 Cr. 8.61 16.97 672.95 24.72
8. Deepak Nitrite 31.14 ₹4,298.43 Cr. 0.41 ₹56.57 Cr. 178.40 23.65 485.87 12.23

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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 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019
YOY Sales Growth %-6.03%-9.49%-10.9%-3.4%6.09%16.04%30.72%19.38%24.83%21.89%21.87%23.65%
Material Cost %56.77%55.04%56.86%59.59%56.42%56.58%58.93%59.54%59.13%52.1%55.68%51.44%
Employee Cost %9.83%9.46%10.83%8.49%9.33%9.29%9.33%8.4%8.7%9.32%9.22%8.22%
Operating Profit4036314050525249566966109
OPM %13%12%11%12%15%15%14%12%13%16%15%22%
Other Income7310521061052
Profit before tax922110253130313133444887
Tax %27%29%28%17%35%24%34%34%35%36%34%35%
Net Profit67157212023202022283257

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 2007Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018TTM
Sales Growth %18.91%13.09%21.95%-7.02%26.33%17.5%29.06%24.55%4.53%0.64%-7.71%18.03%%
Material Cost %64.35%64.77%61.11%62.11%64.76%67.17%68.78%63.93%62.99%59.13%55.51%56.37%%
Manufacturing Cost %14.18%14.01%12.87%15.87%14.17%14.19%13.32%13.8%13.66%13.05%14.4%13.34%%
Employee Cost %6.73%6.6%5.91%6.63%6.83%6.4%6.14%6.96%7.54%8.69%9.65%9.08%%
Other Cost %6.68%6.65%7.67%7.48%5.68%4.89%4.68%6.17%5.27%6.41%8.71%7.06%%
Operating Profit33377142585872116140170145206300
OPM %8%8%12%8%9%7%7%9%11%13%12%14%17%
Other Income3646145211-02-084109
Profit before tax3874330373253586891149122212
Tax %6%-4%34%34%30%27%28%34%21%29%26%32%
Net Profit367282026233838536511183138
EPS in Rs3.910.723.071.832.372.113.483.504.915.368.466.12
Dividend Payout %10%51%16%26%24%27%22%27%20%21%14%21%

Compounded Sales Growth

  • 10 Years:: 11.98%
  • 5 Years:: 7.37%
  • 3 Years:: 3.11%
  • TTM:: 23.04%

Compounded Profit Growth

  • 10 Years:: 27.53%
  • 5 Years:: 19.97%
  • 3 Years:: 16.53%
  • TTM:: 65.42%

Return on Equity

  • 10 Years:: 12.00%
  • 5 Years:: 12.05%
  • 3 Years:: 11.07%
  • Last Year:: 10.11%

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 2007Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Share Capital99910101010102123262727
Equity Capital8.968.968.9610.4510.4510.4510.4510.4520.9123.2626.1427.2827.28
Other Liabilities1049082115122193273250239295285427504
Trade Payables60.4347.2742.8473.2364.71132.17204.21141.19109.38134.66183.55312.49324.85
Total Liabilities4393923624274227078941,0661,1301,2661,5911,8321,828
Fixed Assets177164165166163181325461549593568569589
Gross Block305.22306.73322.53339.86354.98388.29541698.77817.38898.32610.25621.14
Accumulated Depreciation126.37141.25157.86173.79192.12206.97215.58237.49268.66305.1942.2851.95
Other Assets256222188232250422450530526526624771647
Trade receivables110.0495.3168.37102.25127.98157.49242.25292.24310.99296.34315.45369.21344.45
Cash Equivalents6.056.553.885.185.8893.549.56.442.743.881.7932.115.58
Loans n Advances71.1655.3651.660.432.1738.5671.0471.8463.9862.17147.49163.846.92
Total Assets4393923624274227078941,0661,1301,2661,5911,8321,828

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 2007Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018
Cash from Operating Activity-13608432384324-1410519193214
Profit from operations38.440.8179.3952.0660.4557.1972.78116.45140.63170.89149.35217.43
Working Capital Changes-46.3219.6318.13-7.73-13.11-4.2-36.36-120.52-21.4439.06-40.2624.54
Taxes paid-5.11-0.34-13.02-12.48-9.1-10.05-12.12-10.15-14.01-18.75-16.16-27.81
Cash from Investing Activity-47-5-23-376-139-156-97-87-162-274-189
Fixed Assets Purchased-23.43-5.18-23.62-13.71-22.81-139.65-170.68-96.95-84.45-52.58-43.35-55.65
Fixed Assets Sold00.320.
Investments purchased000-260-68.65-59.3500-236.09-448.5-296.65
Investments sold30.10002668.6559.3500168.57413.11384.2
Cash from Financing Activity63-55-646-4318447108-22-28178-25
Proceeds from Shares43.680014.90000080.71146.43146.28
Proceeds from Borrowings52.759.095.0953.780214.4576.91179.1582.3215.86182.0599.5
Repayment of Borrowings-16.23-44.52-50.56-50.76-31.03-15.05-12.22-35.93-54.94-74.9-102.32-168.12
Interest Paid-13.45-15.45-14.71-6.78-5.94-8.5-10.14-25.24-37.49-37.03-30.92-40.16
Dividends Paid-4.06-4.19-4.23-5.19-5.21-6.25-6.25-8.31-10.39-10.4-13.89-15.6
Net Cash Flow20-31188-84-3-41-2-0

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Mar 2007Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018
ROCE %9%8%22%13%15%11%10%12%12%14%9%12%
Debtor Days977444706973878486819393
Inventory Turnover7.417.218.918.3010.7510.7010.6310.5910.9811.609.298.76

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