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Deepak Nitrite Limited
(DEEPAKNTR)
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Rating:54Neutral
Price Target:
₹1,758.00
▲(0.33% Upside)
Action:Reiterated
Date:08/17/26
The score is held back primarily by weakening financial quality—sharp margin compression and recent negative free cash flow—despite a still-manageable balance sheet. Technicals are moderately supportive with price above key moving averages and positive MACD, but valuation remains a headwind with a ~30 P/E and a low dividend yield.
Positive Factors
Diversified chemical portfolio
A broad product portfolio serving pharmaceuticals, agrochemicals, dyes, plastics and other industries diversifies demand. Application-specific products and downstream integration can support customer retention and reduce reliance on any single end market.
Negative Factors
Severe margin compression
The sustained decline from FY2021-2022 margin levels indicates weaker operating leverage, product mix, pricing power or higher input costs. Persistently lower margins would constrain earnings growth and reduce returns on future expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified chemical portfolio
A broad product portfolio serving pharmaceuticals, agrochemicals, dyes, plastics and other industries diversifies demand. Application-specific products and downstream integration can support customer retention and reduce reliance on any single end market.
Read all positive factors
Deepak Nitrite Limited (DEEPAKNTR) vs. iShares MSCI India ETF (INDA)
Market Cap
₹233.55B
Dividend Yield0.44%
Average Volume (3M)77.78K
Price to Earnings (P/E)29.9
Beta (1Y)0.85
Revenue Growth8.20%
EPS Growth29.06%
CountryIN
Employees1,720
SectorGeneral
Sector StrengthN/A
IndustryChemicals
Share Statistics
EPS (TTM)57.43
Shares Outstanding136,393,040
10 Day Avg. Volume86,857
30 Day Avg. Volume77,780
Financial Highlights & Ratios
PEG Ratio-1.52
Price to Book (P/B)3.01
Price to Sales (P/S)2.25
P/FCF Ratio-26.30
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)66.73
Revenue Forecast (FY)₹96.11B
Deepak Nitrite Limited Business Overview & Revenue Model
Company Description
Incorporated in 1970 and headquartered in Vadodara, India, Deepak Nitrite Limited operates as a prominent manufacturer and seller of a diverse portfolio of chemicals. Its offerings span basic, fine, and specialty chemicals, as well as performance ...
How the Company Makes Money
Deepak Nitrite makes money primarily by manufacturing and selling chemicals and chemical intermediates to industrial customers, generating revenue through (1) sale of finished chemical products and (2) supply of intermediates that become inputs fo...
Deepak Nitrite Limited Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
70
Positive
Cash Flow
35
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 85.06B | 77.85B | 80.91B | 76.10B | 78.83B | 67.73B |
| Gross Profit | 22.80B | 11.47B | 18.03B | 18.79B | 19.54B | 21.91B |
| EBITDA | 13.68B | 10.28B | 11.76B | 12.79B | 13.37B | 16.46B |
| Net Income | 7.83B | 5.51B | 6.97B | 8.11B | 8.52B | 10.67B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 86.81B | 77.18B | 60.96B | 51.29B | 44.30B |
| Cash, Cash Equivalents and Short-Term Investments | 4.62B | 4.64B | 9.14B | 5.83B | 4.16B | 4.79B |
| Total Debt | 0.00 | 16.38B | 12.67B | 2.86B | 728.60M | 3.15B |
| Total Liabilities | -58.69B | 28.11B | 22.93B | 12.74B | 10.39B | 10.92B |
| Stockholders Equity | 58.69B | 58.37B | 53.89B | 47.97B | 40.90B | 33.38B |
Cash Flow | ||||||
| Free Cash Flow | -4.58B | -6.67B | -4.83B | 1.06B | 2.89B | 6.37B |
| Operating Cash Flow | 2.04B | 5.17B | 6.39B | 8.78B | 6.50B | 8.24B |
| Investing Cash Flow | -2.15B | -6.85B | -15.25B | -7.22B | -2.76B | -4.24B |
| Financing Cash Flow | -1.46B | 2.32B | 8.26B | 435.30M | -3.59B | -3.86B |
Deepak Nitrite Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ₹87.73B | 8.48 | ― | 3.01% | 12.55% | 84.52% | |
56 Neutral | ₹9.08B | 16.54 | ― | 0.99% | 1.41% | 946.38% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹233.55B | 29.86 | ― | 0.44% | 8.20% | 29.06% | |
54 Neutral | ₹171.93B | 17.51 | ― | 0.73% | 13.63% | 0.30% | |
47 Neutral | ₹62.40B | 63.62 | ― | 0.49% | -0.43% | -38.53% | |
46 Neutral | ₹159.31B | -7.35 | ― | 1.76% | 2.04% | -742.43% |
* General Sector Average
IN:DEEPAKNTR
Deepak Nitrite Limited
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Deepak Nitrite Limited Corporate Events
Deepak Nitrite Conducts 55th AGM Via Virtual Platform
Aug 5, 2026
Deepak Nitrite Limited held its 55th Annual General Meeting on August 5, 2026, via video conferencing and other audio-visual means, in line with regulatory circulars from the Ministry of Corporate Affairs and the Securities and Exchange Board of I...
Deepak Nitrite Backs USD 78.43 Million Loan for Oman Subsidiary with Corporate Guarantee
Jul 23, 2026
Deepak Nitrite Limited has executed a corporate guarantee in favour of Bank Muscat SAOG to secure a term loan of USD 78.43 million for its subsidiary Deepak Oman Industries (SFZ) LLC, incorporated in the Sultanate of Oman. The guarantee, provided ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.