Deepak Nitrite Ltd.

•

godeepak.comBSE: 506401NSE: DEEPAKNTR

Market Cap₹ 21,647 Cr.

Current Price

High / Low₹ 1,904 / 1,280

Stock P/E27.6

Book Value₹ 453

Price to Book3.01

Dividend Yield0.47 %

ROCE11.6 %

ROE9.8 %

Face Value₹ 2

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Phenolics: 67.9% • Advanced Intermediates: 32.1%

AI Sector View

AI GENERATED

Chemicals

Hold

The available domestic chemical proxies are mixed to weak. Fertilizers output was -8.0% YoY (2026-07) and sale quantity of fertilisers was 0.0% YoY (2026-05), although that high-frequency barometer is stale. FPI positioning is less negative than before, with net 3-month outflow only INR -11 crore versus INR -1229 crore in the prior 3 months to 2026-08-31, but the weak sector driver argues for a neutral stance.

Confidence

55%

View full sector analysis →

PROS

Company has consistently been profitable over the last 5 years
Latest quarter profit grew 207.4% YoY, showing strong momentum
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 0.99x)
Company comfortably covers its interest (16.4x coverage)
Company has a consistent dividend-paying track record
Working capital cycle has improved - days down from 104 to 82

CONS

Receivables are growing faster than sales - a possible quality concern
Company has delivered a poor profit growth of -6.6% over past five years
Recurring exceptional / one-off items are inflating headline profit
Operating margins have contracted to 12.4% from 16.6%
Total debt has risen sharply - up 30.5% year on year

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

ChemicalsChemicalsChemicals

Part ofNIFTY TOTAL MKT NIFTY 500 NIFTY SMLCAP 250

S.No.	Name
1.	SOLARINDS	22307.50	101.37	201860.69	0.05	666.37	88.98	3668.20	70.26	38.16	27.91
2.	PIDILITIND	1567.45	60.23	159547.55	1.37	8835.10	1202.86	45515.50	1112.74	32.38	26.28
3.	SRF	2483.00	34.05	73602.28	0.36	758.87	75.53	5033.26	34.63	14.21	24.57
4.	FLUOROCHEM	4771.75	85.23	52417.67	0.06	219.00	19.02	1588.00	23.97	9.58	26.83
5.	NAVINFLUOR	8541.10	55.49	43822.77	0.18	243.31	107.67	1045.08	44.07	21.39	34.17
6.	GODREJIND	1127.00	32.29	37963.11	0.00	523.36	-27.85	5448.09	22.16	10.64	12.82
7.	AETHER	1672.95	94.41	22204.70	0.00	62.75	33.45	326.56	27.49	11.65	31.47
8.	DEEPAKNTR	1587.10	27.64	21646.94	0.47	345.01	207.36	2577.60	36.39	11.58	20.96
9.	ATUL	6244.55	23.11	18385.05	0.48	253.93	91.85	1847.95	25.03	15.05	21.41
10.	AARTIIND	492.15	33.62	17851.59	0.20	155.00	260.47	2387.00	42.42	6.95	16.00
11.	DEEPAKFERT	1320.45	17.00	16725.20	0.76	490.04	100.95	3256.26	22.47	12.12	25.96
12.	BASF	3665.15	24.67	15864.84	0.68	360.29	162.22	4824.26	24.57	15.23	10.46

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	1,768	1,778	2,009	2,126	2,167	2,032	1,903	2,180	1,890	1,902	1,975	2,120	2,578
	1,559	1,476	1,705	1,825	1,858	1,734	1,735	1,863	1,700	1,698	1,764	1,744	2,124
Operating Profit	210	302	305	301	309	298	169	317	190	204	211	376	454
OPM %	11.86%	17.00%	15.16%	14.16%	14.27%	14.64%	8.85%	14.52%	10.03%	10.74%	10.68%	17.73%	17.60%
	32	17	14	99	19	21	21	23	25	20	-4	7	14
Interest	2	3	3	4	6	6	6	9	8	8	11	19	23
Depreciation	38	39	42	46	47	48	48	51	51	53	58	63	64
Profit before Tax	202	277	274	349	275	264	135	279	155	163	138	301	468
Tax %	25.69%	26.02%	26.15%	27.30%	26.30%	26.45%	27.42%	27.34%	27.46%	27.16%	27.65%	27.05%	26.22%
Net Profit	0	0	0	0	203	194	98	202	112	119	100	220	345
	10.99	15.04	14.81	18.61	14.85	14.24	7.19	14.84	8.23	8.71	7.32	16.11	25.30

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	1,371	1,651	2,700	4,230	4,360	6,802	7,972	7,682	8,282	7,887	8,575
	1,234	1,453	2,286	3,201	3,115	5,207	6,681	6,555	7,187	6,903	7,330
Operating Profit	136	198	414	1,028	1,245	1,595	1,291	1,127	1,095	984	1,245
OPM %	9.94%	12.02%	15.34%	24.32%	28.55%	23.45%	16.20%	14.67%	13.22%	12.47%	14.52%
	83	12	18	36	27	54	48	156	84	47	36
Interest	37	47	87	118	77	36	27	15	31	49	61
Depreciation	48	53	78	140	153	178	166	166	195	225	237
Profit before Tax	135	111	268	806	1,042	1,434	1,146	1,102	953	757	1,070
Tax %	28.42%	28.72%	35.20%	24.23%	25.53%	25.64%	25.65%	26.40%	26.80%	27.27%	26.78%
Net Profit	96	79	174	611	776	1,067	852	811	697	551	783
EPS	8.21	6.00	12.73	44.80	56.88	78.20	62.46	59.45	51.12	40.36	—
Dividend Payout %	16.29%	22.24%	15.97%	10.11%	9.67%	8.95%	12.01%	12.62%	14.67%	18.58%	—

COMPOUNDED SALES GROWTH

10 Years:: 19%
5 Years:: 13%
3 Years:: 0%

COMPOUNDED PROFIT GROWTH

10 Years:: 24%
5 Years:: -7%
3 Years:: -14%

STOCK PRICE CAGR

10 Years:: 29%
5 Years:: -8%
3 Years:: -11%
1 Year:: -9%

RETURN ON EQUITY

10 Years:: 23%
5 Years:: 20%
3 Years:: 14%
Last Year:: 10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	26	27	27	27	27	27	27	27	27	27
Minority Interest	0	0	0	0	0	0	0	26	36	32
	689	895	1,044	1,545	2,319	3,311	4,063	4,769	5,361	5,810
	724	1,004	1,200	1,106	589	314	70	279	1,259	1,583
Trade Payables	215	490	472	364	437	512	662	538	522	534
	134	175	183	167	188	267	307	454	500	667
Total Liabilities	1,787	2,591	2,928	3,209	3,560	4,430	5,129	6,094	7,706	8,653
	586	588	1,716	1,832	1,864	1,963	1,942	2,293	2,457	3,270
Capital Work in Progress	349	955	34	172	207	104	283	774	1,649	1,828
	118	32	2	2	189	439	379	122	511	213
	167	325	411	394	383	585	893	760	926	862
	0	0	0	0	0	0	0	1,298	1,274	1,506
Cash & Bank	14	48	26	31	33	42	40	465	407	269
	553	643	739	776	884	1,298	1,592	382	482	705
Total Assets	1,787	2,591	2,928	3,209	3,560	4,430	5,129	6,094	7,706	8,653

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	65	211	116	963	1,238	1,177	910	874	625	539
Cash from Investing	-353	-525	-163	-428	-396	-424	-276	-718	-1,491	-669
Cash from Financing	305	345	96	-338	-599	-386	-359	44	806	193
	1	4	-6	-1	7	14	15	200	-60	64

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	49.24	49.24	49.24	49.28	49.28	49.28	49.33	49.33	49.34
	6.86	6.68	6.59	6.64	6.68	6.21	6.06	6.19	6.24
	21.20	22.30	23.22	23.22	22.61	22.70	23.20	23.46	23.76
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	22.69	21.78	20.94	20.85	21.43	21.81	21.42	21.01	20.66

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-08-26

General Updates

2026-08-26 - Deepak Nitrite Limited has informed the Exchange about General Updates

2026-08-25

Action(s) taken or orders passed

2026-08-25 - Deepak Nitrite Limited has informed the Exchange about Action(s) taken or orders passed

2026-08-21

Resignation of Director/KMP/SMP

2026-08-21 - Deepak Nitrite Limited has informed the Exchange about Resignation of Director/KMP/SMP

2026-08-21

Resignation of Director/KMP/SMP

2026-08-21 - Deepak Nitrite Limited has informed the Exchange about Resignation of Director/KMP/SMP

2026-08-21

Resignation of Director/KMP/SMP

2026-08-21 - Deepak Nitrite Limited has informed the Exchange about Resignation of Director/KMP/SMP

2026-08-21

Change in Management

2026-08-21 - Deepak Nitrite Limited has informed the Exchange about change in Management

2026-08-11

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-11 - Deepak Nitrite Limited has informed the Exchange about Transcript

2026-08-07

General Updates

2026-08-07 - Deepak Nitrite Limited has informed the Exchange about General Updates

2026-08-07

Cessation

2026-08-07 - Deepak Nitrite Limited has informed the Exchange regarding Cessation of Dileep Choksi as Non- Executive Independent Director of the company w.e.f. August 07, 2026.

News

Recent coverage and analyst commentary for DEEPAKNTR

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