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Fincash » Search » Deepak Nitrite Ltd

Deepak Nitrite Ltd

Updated on April 12, 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₹3,172 Cr.
Current Price ₹267 as on 18 Apr 19
52 Week High / Low Price₹305 / ₹204.6
Face Value₹2
Stock P/E31.16
Book Value₹71.31
Dividend Yield0.56 %
ROCE12.23 %
ROE10.11 %
Sales Growth (3yrs)3.11 %
SectorChemicals
IndustryChemicals
Listed onBSE  AND  NSE
Company WebsiteCompany Website
Pros: Company has been maintaining a healthy dividend payout of 18.95%
Cons: Stock is trading at 3.26 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 11.08% 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. Tata Chemicals ₹597.7 7.33 ₹14,173.57 Cr. 3.96 ₹219.48 Cr. -65.94 10.02 2831.87 11.38
2. Pidilite Inds. ₹1,255.5 62.69 ₹58,541.96 Cr. 0.52 ₹219.47 Cr. -8.49 19.79 1848.30 37.64
3. Guj Fluorochem ₹1,061.8 12.70 ₹9,995.95 Cr. 0.38 ₹138.19 Cr. 96.85 53.77 1490.03 7.94
4. Castrol India ₹164 21.60 ₹15,296.77 Cr. 4.53 ₹211.9 Cr. 7.73 6.50 1033.40 105.28
5. Godrej Inds. ₹6.7 38.16 ₹16,585.43 Cr. 0.35 ₹77.41 Cr. 91.56 17.76 2473.24 9.33
6. Aarti Inds. ₹624.4 26.31 ₹11,301.52 Cr. 0.07 ₹132.65 Cr. 47.08 28.07 1268.15 16.30
7. Phillips Carbon ₹166.6 6.90 ₹2,678.99 Cr. 1.54 ₹108.58 Cr. 91.87 53.80 945.89 17.38
8. Deepak Nitrite 31.16 ₹3,171.82 Cr. 0.56 ₹31.62 Cr. 55.46 21.87 452.31 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

Mar 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018
Sales341318306284329337355371393421433452
YOY Sales Growth %2.49%-6.03%-9.49%-10.9%-3.4%6.09%16.04%30.72%19.38%24.83%21.89%21.87%
Expenses294278270253289287303319344365364386
Material Cost %57.64%56.77%55.04%56.86%59.59%56.42%56.58%58.93%59.54%59.13%52.1%55.68%
Employee Cost %8.63%9.83%9.46%10.83%8.49%9.33%9.29%9.33%8.4%8.7%9.32%9.22%
Operating Profit474036314050525249566966
OPM %14%13%12%11%12%15%15%14%12%13%16%15%
Other Income1731052106105
Interest88598911911111210
Depreciation101212121212131313131313
Profit before tax299221102531303131334448
Tax %30%27%29%28%17%35%24%34%34%35%36%34%
Net Profit21671572120232020222832
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 2007Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018TTM
Sales4154695725326727901,0191,2701,3271,3361,2331,4551,699
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%%
Expenses3824325014906157329471,1541,1871,1661,0881,2491,459
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 Profit33377142585872116140170145206240
OPM %8%8%12%8%9%7%7%9%11%13%12%14%14%
Other Income3646145211-02-0841013
Interest161818871111283839324244
Depreciation15161718181819303639485253
Profit before tax3874330373253586891149122156
Tax %6%-4%34%34%30%27%28%34%21%29%26%32%
Net Profit367282026233838536511183102
EPS in Rs3.920.723.071.832.372.113.483.504.915.368.466.12
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:: 22.00%

Compounded Profit Growth

  • 10 Years:: 27.53%
  • 5 Years:: 19.97%
  • 3 Years:: 16.53%
  • TTM:: 20.85%

Return on Equity

  • 10 Years:: 12.04%
  • 5 Years:: 12.07%
  • 3 Years:: 11.08%
  • TTM:: 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 2018Sep 2018
Share Capital99910101010102123262727
Equity Capital8.968.968.9610.4510.4510.4510.4510.4520.9123.2626.1427.28
Reserves154157180207226241269296325452706917945
Borrowings170135909362261341508545495574462385
Other Liabilities1069183117124194274251240296285427515
Trade Payables60.4347.2742.8473.2364.71132.17204.21141.19109.38134.66183.55312.49319.66
Total Liabilities4393923624274227078941,0661,1301,2661,5911,8321,873
Fixed Assets177164165166163181325461549593568569602
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
CWIP55827102118713814413623
Investments22127111317133358455555
Other Assets256222188232250422450530526526624771692
Inventories65.9264.2364.263.9661.1286.51105.32134.43107.3122.95142.35189.92203.21
Trade receivables110.0495.3168.37102.25127.98157.49242.25292.24310.99296.34315.45369.21392.24
Cash Equivalents6.056.553.885.185.8893.549.56.442.743.881.7932.112.02
Loans n Advances71.1655.3651.660.432.1738.5671.0471.8463.9862.17147.49163.8410.96
Total Assets4393923624274227078941,0661,1301,2661,5911,8321,873

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 Sold00.320.262.160.10.4312.880.4616.250.2239.191.12
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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Ratios

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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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.