Deepak Nitrite Limited
₹1,519.50+₹41.90 (+2.8%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹21,434 Cr
- P/E
- 101.0x
- EV / EBITDA
- 32.6x
- Revenue
- ₹2,526 Cr
- Net margin
- 15.9%
- ROCE
- 14.9%
Price chart
Technical chartScreen technicals →-12.7% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -0.8%
- 3M
- -7.3%
- 6M
- -12.5%
- 1Y
- -12.7%
- 5Y
- -33.8%
52-week range
Day change +₹41.90 (+2.8%) from ₹1,478 to ₹1,520 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in DEEPAKNTR, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Maintains healthy dividend payout of 24.0%
Concerns1
- Valuation elevated — PE of 101.0x is 112% above peer average of 47.5x
Rule-based from financial data. Not advice.
About the company
Deepak Nitrite Limited manufactures, trades and sells chemical intermediates in India and internationally. It operates through Advanced Intermediates and Phenolics segments.
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Deepak Nitrite Limited manufactures, trades and sells chemical intermediates in India and internationally. It operates through Advanced Intermediates and Phenolics segments. The company offers sodium nitrite, sodium nitrate, nitro toluidines, fuel additives, nitrosyl sulphuric acid, xylidines, oximes, cumidines, speciality agrochemicals, optical brightening agent, DASDA, and benzotrifluoride for colourants, dyes, rubber, paper, agrochemicals, pharmaceuticals, personal care, water treatment, glass, explosives, and textiles industries. It provides cumene, phenol, acetone, isopropyl alcohol, and alpha methyl styrene for various applications including laminate and plywood, automotive, construction, pharmaceuticals, adhesives, sanitisers, rubber, chemicals, paints, etc. In addition, the company offers 2 MePPDA, 2,3-xylidine, 2,4-xylidine, 2,6-xylidine, 2-ethylhexyl nitrate, 3-NOX, 4-NOX; 2B, 4BBT, ABP, ABP X, and BMK deepwhite powders; 2BL, ABP, AS, BA, BHT HC, DSP, MST, SPF Z, SI, UBR, UP, and XBE deepwhite liquids; 4BB conc, 4BB conc T, DMA-X, DMA-X conc, and UFD slurry deepwhite products; IPA, MAHCL, mHBTF, MMDPA, MNT(3- nitrotoluene), MT(m-toluidine), ONT(2- nitrotoluene), OT(o-toluidine), PNT(4- nitrotoluene), and PT(p-toluidine); B+ (brown colour), FX (yellow colour), and GLP (yellow colour) protecto products; nitric acid, ortho and para cumidines; and TFMAP, as well as project engineering, procurement, construction, commissioning, management, and consultancy services. The company was incorporated in 1970 and is headquartered in Vadodara, India.
- Sector
- Materials
- Shares outstanding
- 13.6 Cr shares
- ISIN
- INE288B01029
- BSE code
- 506401
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹21,434 Cr
- P/E
- 101.0x
- P/B
- 6.8x
- EV / EBITDA
- 32.6x
- EV / Sales
- 7.8x
- P/S
- 7.9x
- Earnings yield
- 1.0%
- 52-week high
- ₹1,875.25
- 52-week low
- ₹1,287.45
Profitability
- Operating margin
- 16.4%
- Net margin
- 15.9%
- EBITDA margin
- 23.8%
- ROE
- 14.7%
- ROCE
- 14.9%
- ROA
- 12.8%
- Dividend payout
- 24.0%
- Tax rate
- 22.0%
- Other income, % of PBT
- 36.4%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹2,526 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -7.3%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 4.1%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹649 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -5.8%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -36.3%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -4.5%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹418 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 34.8%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹167 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 10.6%
Solvency and efficiency
- Current ratio
- 6.26
- Debt / Equity
- 0.01
- Debt / Assets
- 0.01
- Debt / EBITDA
- 0.05
- Interest coverage
- 111.50
- Financial leverage
- 1.14
- CFO / Net profit
- 0.97
- Cash / Market cap
- 6.8%
- Cash per share
- ₹107.45
- Asset turnover
- 0.81
- Fixed asset turnover
- 3.26
- Capital intensity
- 0.31
- Debtor days
- 82 days
- Inventory turnover
- 3.80
- Cash conversion cycle
- 118 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹11 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹2,232 Cr |
| Sales | Operating profit | ₹294 Cr |
| Operating profit | Interest | ₹5 Cr |
| Operating profit | Depreciation | ₹100 Cr |
| Operating profit | Profit before tax | ₹189 Cr |
| Other income | Profit before tax | ₹149 Cr |
| Profit before tax | Tax and other | ₹62 Cr |
| Profit before tax | Net profit | ₹276 Cr |
Revenue and net profit
Revenue fell 7.3% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹1,809 Cr | ₹355 Cr |
| FY2022 | ₹2,511 Cr | ₹486 Cr |
| FY2023 | ₹3,034 Cr | ₹469 Cr |
| FY2024 | ₹2,724 Cr | ₹433 Cr |
| FY2025 | ₹2,526 Cr | ₹276 Cr |
Cash flows
FY2025: ₹254 Cr from operations, -₹79.0 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹442 Cr | ₹216 Cr |
| FY2022 | ₹228 Cr | ₹69 Cr |
| FY2023 | ₹310 Cr | ₹122 Cr |
| FY2024 | ₹418 Cr | ₹262 Cr |
| FY2025 | ₹254 Cr | -₹79 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹2,526 Cr-7.3%1Y
- Net profit
- ₹276 Cr-36.3%1Y
- Cash from operations
- ₹254 Cr
- Free cash flow
- -₹79 Cr-130.2%1Y
- Revenue CAGR, 5Y
- 4.1%
- EBITDA CAGR, 5Y
- -4.2%
- Net profit CAGR, 5Y
- -4.5%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹2,526 Cr | ₹294 Cr | — | ₹276 Cr | ₹254 Cr | -₹79 Cr | 8.8% | -7.3% | -36.3% |
Monthly returns
Month-by-month returns of DEEPAKNTR across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹3,620 Cr |
| Equity capital | ₹27 Cr |
| Reserves | ₹3,099 Cr |
| Borrowings | ₹50 Cr |
| Other liabilities | ₹444 Cr |
| Assets | ₹3,620 Cr |
| Fixed assets | ₹898 Cr |
| Capital work in progress | ₹170 Cr |
| Investments | ₹1,372 Cr |
| Other assets | ₹1,179 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
DEEPAKNTR trades at 101.0x earnings against a peer median of 35.5x (a 185% premium).
Not shown (no positive earnings and no EV / Sales): KIOCL Limited.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Deepak Nitrite LimitedDEEPAKNTRthis companyP/E ↑ premium | ₹21,434 Cr | 101.0x | 6.8x | 14.7% | 32.6x |
| Himadri Speciality Chemical Ltd.HSCL | ₹23,955 Cr | 35.8x | 5.9x | 13.8% | 35.2x |
| Shyam Metalics and Energy LimitedSHYAMMETL | ₹22,691 Cr | 43.5x | 3.7x | 6.3% | 30.4x |
| SUMITOMO CHEMICAL INDIA LIMITEDSUMICHEM | ₹22,020 Cr | 40.7x | 6.9x | 15.2% | 37.9x |
| KIOCL LimitedKIOCL | ₹22,004 Cr | — | 13.3x | -4.3% | -995.6x |
| Bayer CropScience Limited.BAYERCROP | ₹19,912 Cr | 32.7x | 6.4x | 26.0% | 18.5x |
| Kansai Nerolac PaintsKANSAINER | ₹18,778 Cr | 28.4x | 2.9x | 20.9% | 10.4x |
| Gujarat Mineral Development CorporaGMDCLTD | ₹18,131 Cr | 27.5x | 2.7x | 9.8% | 19.5x |
| Atul Limited.ATUL | ₹18,048 Cr | 37.0x | 3.1x | 7.6% | 25.5x |
| Peer median | — | 35.5x | 3.7x | 12.9% | 19.2x |
Year-to-date ROI
DEEPAKNTR since 1 January, against earlier years.
Historical volatility
DEEPAKNTR's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 30.0% |
| FY2022 | 26.0% |
| FY2023 | 19.0% |
| FY2024 | 16.0% |
| FY2025 | 12.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹2,526 Cr |
| Costs | |
| Interest | ₹5 Cr |
| Expenses | ₹2,233 Cr |
| Operating profitOperating Profit | ₹294 Cr |
| Other income and charges | |
| Profit before tax | ₹338 Cr |
| Tax | |
| Net profitNet Profit | ₹276 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹3,620 Cr |
| Equity capitalEquity Capital | ₹27 Cr |
| Reserves | ₹3,099 Cr |
| Borrowings | ₹50 Cr |
| Other liabilitiesOther Liabilities | ₹444 Cr |
| AssetsTotal Assets | ₹3,620 Cr |
| Fixed assetsFixed Assets | ₹898 Cr |
| Capital work in progressCWIP | ₹170 Cr |
| Investments | ₹1,372 Cr |
| Other assetsOther Assets | ₹1,179 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹254 Cr |
| Investing cash flowCash from Investing Activity | -₹333 Cr |
| Financing cash flowCash from Financing Activity | -₹88 Cr |
| Change in cashNet Cash Flow | -₹167 Cr |
Learn while you research
Academy chapters picked for Deepak Nitrite Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 101.0, learn when high multiples are justified.6 min read
- 04 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 05 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read
- 06 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read