Basic Chemicals, Fine and Specialty Chemicals, and Performance Products are the three divisions of chemical manufacturing firm Deepak Nitrite Ltd. The Basic Chemicals section accounts for the majority of its sales. Sodium Nitrite, Nitro Toluidines, Nitrosyl Sulphuric Acid, Oximes, Cumidines, Optical Brightening Agent (OBA), Phenol, and other products of a similar nature are among its offerings. Deepak Nitrite Ltd., which produces Basic Intermediates, Fine & Specialty Chemicals, Performance Products, and Phenolics, was established in 1970.
Deepak Nitrite Share Price Target 2024-2030
Deepak Nitrite Ltd. is one of the companies listed on stock exchanges; the company’s share prices are rising, but they are not reaching the target prices. As a result, the Deepak Nitrite Share Price Target 2025 is regarded as crucial because, if the company achieves this goal, the target prices for subsequent years will not be affected. The company is profitable because it has made profits in previous years and is seeing an increase in its profit ratio. Both the stock exchanges and the company’s core files are expected to expand in the future.
Deepak Nitrite Share Price Target Today Update
Deepak Nitrite Limited, a major player in the Indian chemical industry, has consistently demonstrated strong traditional performance, as evidenced by the trajectory of its share price. The business venture boss works throughout two or three portions, alongside crucial synthetic substances, superb and spot of data compound substances, and normal generally speaking execution items, making it a few and tough element. As of the most recent information, the company’s percentage fee and a number of financial metrics provide insight into its capability growth and future goals.
Current Market Overview for Deepak Nitrite Share Price
- Open:₹2,870.00
- High:₹2,898.95
- Low:₹2,818.15
- Market Capitalization:₹38,940 Crore
- P/E Ratio:11
- Dividend Yield:26%
- CDP Score:B
- 52-Week High:₹3,169.00
- 52-Week Low:₹1,921.85
According to the most recent information available, Deepak Nitrite’s percentage price is now 2,855.00 yen, representing a remarkable 39.00 percent increase over the previous year. The company’s strong financial general performance, strategic initiatives, and market demand for its products support this expansion.
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What is Deepak Nitrite Ltd?
Deepak Nitrite Limited is an Indian organization that makes and sells synthetics. While the Phenolics division produces acetone, cumene, phenol, and isopropyl alcohol, it also produces fuel additives, sodium nitrate, and optical brightening agents. Rubber, pigments, food colors, medicines, farming chemicals, personal care, paper, detergents, textiles, and other industries use their products.
Deepak Nitrite Business Profile
Deepak Nitrite (DNL) is a synthetic mediator organization in India that is developing rapidly and one that is trusted. It has in excess of 30 hundred to 1,000 items. In India, It turned into the greatest maker of Phenol and CH3)2CO with Grant.
Business Overview
In India, Deepak Nitrite topped sodium nitrite, sodium nitrate, and NitroToluenes, among others, with a 75% market share. With a market share of approximately 50%, at has successfully substituted the majority of imports for phenol and acetone on the local market. Additionally, it is inside the main three worldwide players for xylidines, cumidines, methanolamines among others.
Product
- Phenolics – Deepak Phenolics, a wholly-owned subsidiary of the Company, began commercial production of phenol and acetone in Dahej in 2019. IPA, CH3)2CO, and Phenol are among the organization’s fabricated items while client base incorporates drugs, paints, glues, thinners, handle, covers, foundry, and so on.
- Basic Intermediates – Nitrites, nitrogen toluidines, and fuel additives are produced by the company and are utilized in a variety of industries, including pharmaceuticals, petrochemicals, rubber, agrochemicals, and colorants. These are high volume synthetic substances that are estimated generally high.
- Fine & Speciality Chemicals– Xylidines, Oximes, and Cumidines are just a few of the specialty chemicals produced by this division. These items are profoundly redone and made in little amounts, yet have a higher worth because of their utilization in horticulture, chromatics, paper, cleaning items, and medication.
- Performance Products-Paper, detergents, textiles, coating applications in printing, and photographic paper all make use of optical brightening agents, such as DASDA and products from this division.
Expansion Plans
For Rs. 141 crore, the company purchased land in Dahej, Gujarat, for expanding and expanding its services. Following the acquisition of additional land, the company received two additional pieces from this deal, one near Hyderabad and another close to Roha. The company intends to spend approximately Rs. 300 crore in green technology-based products for agrochemical and pharmaceutical intermediate, in addition to an additional Rs. 100 Cr reserved for some brownfield extensions presently delivered.
Deepak Nitrite Fundamentals & Quarterly Results
| Terms | Value |
| Market Cap | ₹ 33,150 Cr. |
| Current Price | ₹ 2,430 |
| High / Low | ₹ 2,620 / 1,900 |
| Stock P/E | 44.1 |
| Book Value | ₹ 352 |
| Dividend Yield | 0.31 % |
| ROCE | 22.3 % |
| ROE | 16.9 % |
| Face Value | ₹ 2.00 |
| Debt to equity | 0.06 |
| Debt Capacity | 0.09 |
| Debt preceding year | ₹ 72.9 Cr. |
| Debt | ₹ 286 Cr. |
| Reserves | ₹ 4,769 Cr. |
| EPS | ₹ 59.4 |
| EPS last year | ₹ 59.4 |
| Pledged percentage | 0.00 % |
| FCF Prev Ann | ₹ 290 Cr. |
| EVEBITDA | 27.5 |
| Industry PE | 38.0 |
| PEG Ratio | 1.31 |
| Piotroski score | 6.00 |
| Earnings yield | 3.14 % |
| Sales growth 5Years | 23.3 % |
Deepak Nitrite Quarterly Results
| Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | |
| Sales (₹ Cr.) | 1,872 | 2,058 | 1,962 | 1,991 | 1,961 | 1,768 | 1,778 | 2,009 | 2,126 |
| Expenses (₹ Cr.) | 1,462 | 1,702 | 1,691 | 1,676 | 1,613 | 1,559 | 1,476 | 1,705 | 1,825 |
| Operating Profit (₹ Cr.) | 410 | 356 | 271 | 315 | 348 | 210 | 302 | 305 | 301 |
| OPM % | 22% | 17% | 14% | 16% | 18% | 12% | 17% | 15% | 14% |
| Other Income (₹ Cr.) | 4 | 10 | 12 | 13 | 13 | 32 | 17 | 14 | 99 |
| Interest (₹ Cr.) | 7 | 9 | 6 | 6 | 4 | 2 | 3 | 3 | 4 |
| Depreciation (₹ Cr.) | 45 | 42 | 42 | 41 | 41 | 38 | 39 | 42 | 46 |
| Profit Before Tax (₹ Cr.) | 362 | 315 | 235 | 281 | 315 | 202 | 277 | 274 | 349 |
| Tax % | 26% | 26% | 26% | 26% | 26% | 26% | 26% | 26% | 27% |
| Net Profit (₹ Cr.) | 267 | 235 | 174 | 209 | 234 | 150 | 205 | 202 | 254 |
| EPS (₹) | 19.59 | 17.20 | 12.79 | 15.33 | 17.15 | 10.99 | 15.04 | 14.81 | 18.61 |
CAGR Report
| 10 Years | 5 Years | 3 Years | TTM / 1 Year | |
| Compounded Sales Growth | % | 23% | 21% | -4% |
| Compounded Profit Growth | % | 34% | -1% | -11% |
| Stock Price CAGR | 38% | 54% | 11% | 12% |
| Return on Equity | % | 28% | 24% | 17% |
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Deepak Nitrite Shareholding pattern
| Shareholder Type | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
| Promoters (%) | 46.52 | 44.65 | 44.85 | 45.69 | 45.69 | 45.72 | 49.13 | 49.13 |
| FIIs (%) | 14.41 | 11.14 | 10.28 | 10.96 | 11.87 | 8.76 | 7.72 | 6.72 |
| DIIs (%) | 11.59 | 13.81 | 15.53 | 16.19 | 11.64 | 10.03 | 15.06 | 19.27 |
| Government (%) | 0.00 | 0.16 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Public (%) | 27.48 | 30.23 | 29.34 | 27.16 | 30.80 | 35.50 | 28.10 | 24.87 |
| No. of Shareholders | 16,744 | 31,992 | 37,503 | 63,056 | 1,90,915 | 6,39,690 | 6,49,046 | 5,02,250 |
Deepak Nitrite Share Price Target 2024-2030 Forecast
| Year | Share Price Target (₹) |
| 2024 | 2689.45 |
| 2025 | 2931.35 |
| 2026 | 3100.38 |
| 2027 | 3301.20 |
| 2028 | 3490.45 |
| 2029 | 3846.57 |
| 2030 | 4158.68 |
Deepak Nitrite Share Price Target 2025
| Month | Price |
| January 2025 | ₹2699.10 |
| February 2025 | ₹2724.10 |
| March 2025 | ₹2739.20 |
| April 2025 | ₹2756.20 |
| May 2025 | ₹2778.15 |
| June 2025 | ₹2799.10 |
| July 2025 | ₹2824.20 |
| August 2025 | ₹2848.30 |
| September 2025 | ₹2867.35 |
| October 2025 | ₹2879.40 |
| November 2025 | ₹2898.40 |
| December 2025 | ₹2931.35 |
Deepak Nitrite Share Price Target 2026
| Minth | Price |
| January 2026 | ₹2946.60 |
| February 2026 | ₹2959.65 |
| March 2026 | ₹2971.70 |
| April 2026 | ₹3001.75 |
| May 2026 | ₹3014.80 |
| June 2026 | ₹3019.90 |
| July 2026 | ₹3038.00 |
| August 2026 | ₹3046.30 |
| September 2026 | ₹3066.35 |
| October 2026 | ₹3079.40 |
| November 2026 | ₹3090.40 |
| December 2026 | ₹3100.38 |
Deepak Nitrite Share Price Target 2027
| Month | Price |
| January 2027 | ₹3130.60 |
| February 2027 | ₹3144.65 |
| March 2027 | ₹3155.70 |
| April 2027 | ₹3168.75 |
| May 2027 | ₹3189.80 |
| June 2027 | ₹3199.90 |
| July 2027 | ₹3215.00 |
| August 2027 | ₹3233.30 |
| September 2027 | ₹3250.35 |
| October 2027 | ₹3264.40 |
| November 2027 | ₹3282.40 |
| December 2027 | ₹3301.20 |
Deepak Nitrite Share Price Target 2028
| Month | Price |
| January 2028 | ₹3311.1050 |
| February 2028 | ₹3315.50 |
| March 2028 | ₹3333.50 |
| April 2028 | ₹3352.60 |
| May 2028 | ₹3367.65 |
| June 2028 | ₹3378.60 |
| July 2028 | ₹3389.44 |
| August 2028 | ₹3399.50 |
| September 2028 | ₹3415.00 |
| October 2028 | ₹3445.30 |
| November 2028 | ₹3468.55 |
| December 2028 | ₹3490.45 |
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Deepak Nitrite Share Price Target 2029
| Month | Price |
| January 2029 | ₹3518.10 |
| February 2029 | ₹3539.20 |
| March 2029 | ₹3555.20 |
| April 2029 | ₹3567.60 |
| May 2029 | ₹3577.65 |
| June 2029 | ₹3589.60 |
| July 2029 | ₹3599.44 |
| August 2029 | ₹3613.50 |
| September 2029 | ₹3642.60 |
| October 2029 | ₹3667.70 |
| November 2029 | ₹3689.90 |
| December 2029 | ₹3712.53 |
Deepak Nitrite Share Price Target 2030
| Month | Price |
| January 2030 | ₹3813.10 |
| February 2030 | ₹3845.20 |
| March 2030 | ₹3876.40 |
| April 2030 | ₹3890.60 |
| May 2030 | ₹3943.65 |
| June 2030 | ₹3968.80 |
| July 2030 | ₹3993.00 |
| August 2030 | ₹4012.30 |
| September 2030 | ₹4045.60 |
| October 2030 | ₹4089.70 |
| November 2030 | ₹4143.90 |
| December 2030 | ₹4158.68 |
Points Before investing in Deepak Nitrite Ltd:-
- It is necessary to verify the company’s available investment funds and to facilitate comparison by comparing them to other funds.
- Before investing any money, you need to figure out how much you can afford to lose and talk to a financial advisor.
- It is important to take into account the stocks’ risk factors because ignoring them could result in losses at any time.
- Because their rates fluctuate frequently, it is necessary to keep track of the taxes that will be imposed on the stocks as well as their trends.
- It is necessary to observe the trends in stock dividend distribution as well as the company’s profits.
Final Words
Deepak Nitrite Ltd. is one of the companies listed on stock exchanges. Because the company has been listed for a longer period of time, its stock has increased. Since target prices have been set, the company’s share prices are expected to rise. However, the target prices have not been met, so the company is giving Deepak Nitrite Share Price Target 2025 one last chance. If this target is met, then the target prices that are being set for the various coming years will not be evaluated. The objective costs of going before years that is Deepak Nitrite Offer Value Target 2025 is one of the basic focuses as it prompts the standing of organization as the objectives are being viewed as by the merchants on the stock trades, first and foremost.
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