Deepak Nitrite Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Phenolics: 67.9% • Advanced Intermediates: 32.1%
AI Sector View
AI GENERATEDChemicals
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.
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
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| SOLARINDS | 22307.50 | 101.37 | 201860.69 | 0.05 | 666.37 | 88.98 | 3668.20 | 70.26 | 38.16 | 27.91 |
| PIDILITIND | 1567.45 | 60.23 | 159547.55 | 1.37 | 8835.10 | 1202.86 | 45515.50 | 1112.74 | 32.38 | 26.28 |
| SRF | 2483.00 | 34.05 | 73602.28 | 0.36 | 758.87 | 75.53 | 5033.26 | 34.63 | 14.21 | 24.57 |
| FLUOROCHEM | 4771.75 | 85.23 | 52417.67 | 0.06 | 219.00 | 19.02 | 1588.00 | 23.97 | 9.58 | 26.83 |
| NAVINFLUOR | 8541.10 | 55.49 | 43822.77 | 0.18 | 243.31 | 107.67 | 1045.08 | 44.07 | 21.39 | 34.17 |
| GODREJIND | 1127.00 | 32.29 | 37963.11 | 0.00 | 523.36 | -27.85 | 5448.09 | 22.16 | 10.64 | 12.82 |
| AETHER | 1672.95 | 94.41 | 22204.70 | 0.00 | 62.75 | 33.45 | 326.56 | 27.49 | 11.65 | 31.47 |
| DEEPAKNTR | 1587.10 | 27.64 | 21646.94 | 0.47 | 345.01 | 207.36 | 2577.60 | 36.39 | 11.58 | 20.96 |
| ATUL | 6244.55 | 23.11 | 18385.05 | 0.48 | 253.93 | 91.85 | 1847.95 | 25.03 | 15.05 | 21.41 |
| AARTIIND | 492.15 | 33.62 | 17851.59 | 0.20 | 155.00 | 260.47 | 2387.00 | 42.42 | 6.95 | 16.00 |
| DEEPAKFERT | 1320.45 | 17.00 | 16725.20 | 0.76 | 490.04 | 100.95 | 3256.26 | 22.47 | 12.12 | 25.96 |
| BASF | 3665.15 | 24.67 | 15864.84 | 0.68 | 360.29 | 162.22 | 4824.26 | 24.57 | 15.23 | 10.46 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-08-26 - Deepak Nitrite Limited has informed the Exchange about General Updates
2026-08-25 - Deepak Nitrite Limited has informed the Exchange about Action(s) taken or orders passed
2026-08-21 - Deepak Nitrite Limited has informed the Exchange about Resignation of Director/KMP/SMP
2026-08-21 - Deepak Nitrite Limited has informed the Exchange about Resignation of Director/KMP/SMP
2026-08-21 - Deepak Nitrite Limited has informed the Exchange about Resignation of Director/KMP/SMP
2026-08-21 - Deepak Nitrite Limited has informed the Exchange about change in Management
2026-08-11 - Deepak Nitrite Limited has informed the Exchange about Transcript
2026-08-07 - Deepak Nitrite Limited has informed the Exchange about General Updates
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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