DEEPAKNTR

Deepak Nitrite Share Price

₹2,626.40 -44.9 (-1.68%)

21 Nov, 2024 14:18

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Performance

  • Low
  • ₹2,620
  • High
  • ₹2,676
  • 52 Week Low
  • ₹2,021
  • 52 Week High
  • ₹3,169
  • Open Price₹2,650
  • Previous Close₹2,671
  • Volume138,220

Investment Returns

  • Over 1 Month -7.5%
  • Over 3 Month -9.11%
  • Over 6 Month + 3.93%
  • Over 1 Year + 24.01%
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Deepak Nitrite Fundamentals Fundamentals refer to the financial data that companies report on a quarterly or annual basis.

  • P/E Ratio
  • 42
  • PEG Ratio
  • 6.1
  • Market Cap Cr
  • 35,822
  • P/B Ratio
  • 7.4
  • Average True Range
  • 107.69
  • EPS
  • 58.26
  • Dividend Yield
  • 0.3
  • MACD Signal
  • -49.77
  • RSI
  • 48.06
  • MFI
  • 51.39

Deepak Nitrite Financials

Deepak Nitrite Technicals

EMA & SMA

Current Price
₹2,626.40
-44.9 (-1.68%)
pointer
  • stock-down_img
  • Bullish Moving Average 4
  • stock-up_img
  • Bearish Moving Average 12
  • 20 Day
  • ₹2,680.44
  • 50 Day
  • ₹2,749.63
  • 100 Day
  • ₹2,734.32
  • 200 Day
  • ₹2,612.98

Resistance and Support

2645.1 Pivot Speed
  • R3 2,904.20
  • R2 2,809.10
  • R1 2,740.20
  • S1 2,576.20
  • S2 2,481.10
  • S3 2,412.20

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Ratings

Master Rating

EPS Strenth

Price Strength

Buyer Demand

Group Rank

Deepak Nitrite Ltd. is a leading Indian chemical manufacturer, specializing in organic, inorganic, and fine chemicals. the company plays a critical role in supplying raw materials for various industries, including agrochemicals, pharmaceuticals, and dyes.

Deepak Nitrite has an operating revenue of Rs. 8,334.28 Cr. on a trailing 12-month basis. An annual revenue de-growth of -3% needs improvement, Pre-tax margin of 14% is healthy, ROE of 16% is good. The company has a reasonable debt to equity of 5%, which signals a healthy balance sheet. The stock from a technical standpoint is trading below to its 50DMA and close to its 200DMA. It needs to take out the 50DMA levels and stay above it to make any further meaningful move. It is currently FORMING a base in its weekly chart and is trading around 15% away from the crucial pivot point. From an O'Neil Methodology perspective, the stock has an EPS Rank of 57 which is a POOR score indicating inconsistency in earnings, a RS Rating of 51 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at C+ which is evident from recent supply seen, Group Rank of 76 indicates it belongs to a poor industry group of Chemicals-Specialty and a Master Score of C is fair but needs to improve. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock has poor technical strength and poor fundamentals, there are superior stocks in the current market environment.

Disclaimer: This stock analysis report is algorithmically generated for informational purposes only and should not be considered as a buy or sell recommendation.

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Deepak Nitrite Corporate Actions - Bonus, Splits, Dividends

Date Purpose Remarks
2024-11-13 Quarterly Results
2024-08-05 Quarterly Results (Revised) per share(225%)Interim Dividend
2024-05-20 Audited Results & Dividend
2024-02-13 Quarterly Results
2023-11-07 Quarterly Results

Deepak Nitrite F&O

Deepak Nitrite Shareholding Pattern

49.24%
11.43%
10.06%
6.68%
0.01%
18.62%
3.96%

About Deepak Nitrite

Mr. C.K. Mehta founded Deepak Group in 1970, with DNL serving as its flagship company. It started out as a manufacturer of sodium nitrite & sodium nitrate, operating entirely within country, & over time it expanded its range of products. Currently, DNL leads market for majority of its products both domestically & internationally. With more than 100 products in its range, DNL can be roughly categorized into two segments: phenolics & advanced intermediates. The company operates five production facilities: one each in Hyderabad, Telangana; Taloj & Roha in Maharashtra; & Nandesari & Dahej in Gujarat. DNL maintains a research & development center in Nandesari, Gujarat. A further factor in the company's success has been its deliberate purchase of businesses with complementary product lines.

Company's wholly-owned subsidiary, DPL, officially opened its phenol & acetone manufacturing plant in Dahej in November 2018. DNL recorded net profit of ₹ 852.0 crore on operating income of ₹ 7,992.1 cr on consolidated basis in FY2023, as opposed to net profit of ₹ 1,066.6 cr on operating income of ₹ 6,821.3 cr in FY2022.
One of India's most reputable & rapidly expanding chemical intermediates companies is Deepak Nitrite (DNL). It boasts more than 1000 clients, more than 56 applications, & more than 30 products. largest phenol & acetone producer in India as of 2019.

In terms of sodium nitrite, sodium nitrate, & NitroToluenes, Deepak Nitrite holds ~75% market share in India. With a market share of almost 50%, the company has been successful in replacing most of the local market's imports of acetone & phenol. Additionally, it ranks in top three worldwide players for oximes, cumidines, & xylidines.
 

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  • NSE Symbol
  • DEEPAKNTR
  • BSE Symbol
  • 506401
  • Chairman & Managing Director
  • Mr. Deepak C Mehta
  • ISIN
  • INE288B01029

Similar Stocks to Deepak Nitrite

Deepak Nitrite FAQs

Deepak Nitrite share price is ₹2,626 As on 21 November, 2024 | 14:04

The Market Cap of Deepak Nitrite is ₹35822.3 Cr As on 21 November, 2024 | 14:04

The P/E ratio of Deepak Nitrite is 42 As on 21 November, 2024 | 14:04

The PB ratio of Deepak Nitrite is 7.4 As on 21 November, 2024 | 14:04

When Deepak Nitrite Ltd, key metrics to consider include P/E ratio, reflecting investor sentiment & earnings potential; & ROCE & ROE, indicating company's efficiency in generating returns for shareholders & utilizing capital effectively.

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Q2FY23