Deepak Nitrite Ltd.

NSE: DEEPAKNTR  SECTOR: Chemicals

1556
-30 (-1.89%)

Price Summary

Today's High

₹ 1570.8

Today's Low

₹ 1535

52 Week High

₹ 1749.95

52 Week Low

₹ 442.2

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationFair
The stock’s market price justifies its intrinsic value.
EfficiencyExcellent
The company knows very well the utilization of its assets.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.

Company Essentials

Market Cap

21222.7571796 Cr.

Enterprise Value

21426.5771796 Cr.

No. of Shares

13.6393041 Cr.

P/E

57.38

P/B

12.17

Face Value

₹ 2

Div. Yield

0.29%

Book Value (TTM)

₹  127.8833

CASH

3.73 Cr.

DEBT

207.55 Cr.

Promoter Holding

45.69%

EPS (TTM)

₹  27.1187

Sales Growth

24.4285459172284%

ROE

42.6836970464896 %

ROCE

47.2088031799348 %

Profit Growth

24.4001327556668 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1w1m3m6m1Yr3Yr5Yr

* Prices are based on daily market changes.

Valuation Chart 1w1m3m6m1Yr3Yr5Yr

* The chart is based on the standalone earnings of the company.

Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

Sales Growth (in Cr.)

1 Year24.43%
3 Year21.84%
5 Year10.93%

Profit Growth (in Cr.)

1 Year294.12%
3 Year70.05%
5 Year59.06%

ROE%

1 Year42.68%
3 Year22.15%
5 Year20.13%

ROCE %

1 Year47.21%
3 Year25.91%
5 Year21.54%

Debt/Equity

0.139171075482958

Price to Cash Flow

41.19

Interest Cover Ratio

33.0776919582008

CFO/PAT (5 Yr. Avg.)

1.85955886728997

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2021 45.69 0
Dec 2020 45.69 0
Sep 2020 45.69 0
Jun 2020 45.69 0
Mar 2020 45.69 0
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 70.0474566103973% for the Past 3 years.
  • The company has shown a good revenue growth of 21.8409241898119% for the Past 3 years.
  • The company has significantly decreased its debt by 120.07 Cr.
  • Company has been maintaining healthy ROE of 22.1450149575921% over the past 3 years.
  • Company has been maintaining healthy ROCE of 25.9137820863238% over the past 3 years.
  • Company has a healthy Interest coverage ratio of 33.0776919582008.
  • Company’s PEG ratio is 0.195083297529416.
  • The company has an efficient Cash Conversion Cycle of 24.9792338482352 days.
  • The company has a good cash flow management; CFO/PAT stands at 1.85955886728997.
  • The company has a strong degree of Operating leverage, Average Operating leverage stands at 3.14016778914013.

 Limitations

  • The company is trading at a high EV/EBITDA of 37.1944.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
Net Sales 584.91 525.24 350.4 445.27 487.77
Total Expenditure 371.44 341.06 252.79 308.35 341.64
Operating Profit 213.47 184.18 97.61 136.92 146.13
Other Income 1.87 0.76 4.86 2.46 3.15
Interest 4.38 4.54 2.88 0.59 0.42
Depreciation 19.87 20.69 14.28 14.4 17.1
Exceptional Items 0 0 0 0 0
Profit Before Tax 191.09 159.71 85.31 124.39 131.76
Tax 49.21 43.45 21.7 32.31 33.83
Profit After Tax 141.88 116.26 63.61 92.08 97.93
Adjusted EPS (Rs) 1.04 0.85 0.47 0.68 0.72

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Net Sales 1335.73 1232.7 1454.98 1791.92 2229.66
Total Expenditure 1167.82 1089.62 1250.73 1487.1 1431.27
Operating Profit 167.9 143.08 204.24 304.82 798.39
Other Income 1.97 10.75 11.66 5.34 7.58
Interest 39.1 32.31 41.87 44.79 22.01
Depreciation 39.45 47.6 51.95 52.88 77.93
Exceptional Items 0 74.97 0 0 0
Profit Before Tax 91.33 148.88 122.08 212.49 706.03
Tax 26.18 38.24 38.63 74.45 161.99
Net Profit 65.15 110.64 83.46 138.04 544.04
Adjusted EPS (Rs.) 5.6 8.46 6.12 10.12 39.89

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Equity and Liabilities
Share Capital 23.26 26.14 27.28 27.28 27.28
Total Reserves 452.63 705.99 916.57 1030.56 1464.05
Borrowings 158.93 137.2 92.96 81.59 0
Other N/C liabilities 64.24 46.44 60.03 87.32 69.22
Current liabilities 559.63 642.03 703.66 600.99 485.97
Total Liabilities 1258.69 1557.8 1800.5 1827.74 2046.52
Assets
Net Block 597.11 567.96 569.19 589.37 720.13
Capital WIP 10.31 40.73 36.25 28.92 89.88
Investments 65.44 254.68 433.83 562.87 562.86
Loans & Advances 39.65 16.12 15.97 12.37 13.83
Other N/C Assets 0.84 1.09 0.37 0.29 0.23
Current Assets 545.33 677.22 744.89 633.92 659.59
Total Assets 1258.69 1557.8 1800.5 1827.74 2046.52
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Profit Before Tax 91.33 148.88 122.08 212.49 706.03
Adjustment 79.57 0.47 95.35 96.23 113.5
Working Capital Changes 39.06 -40.26 24.54 14.72 -113.92
Tax Paid -18.75 -16.16 -27.81 -46.01 -190.4
Operating Cash Flow 191.2 92.93 214.16 277.43 515.21
Investing Cash Flow -162.17 -273.58 -189.42 -78.03 -267.75
Financing Cash Flow -27.89 178.49 -24.76 -197.78 -248.17
Net Cash Flow 1.14 -2.16 -0.02 1.62 -0.71

Corporate Actions

Ratings & Research Reports

Company Presentations

Company News

Deepak Nitrite Stock Price Analysis and Quick Research Report. Is Deepak Nitrite an attractive stock to invest in?

 

Stock investing requires careful analysis of financial data to find out the company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. This can be time-consuming and cumbersome. An easier way to find out about a company's performance is to look at its financial ratios, which can help to make sense of the overwhelming amount of information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every investor’s research process.

  • PE ratio: - Price to Earnings' ratio, which indicates for every rupee of earnings how much an investor is willing to pay for a share. A general rule of thumb is that shares trading at a LOW P/E are undervalued (it depends on other factors too). Deepak Nitrite has a PE ratio of 57.3773816591503 which is high and comparatively overvalued .

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. Deepak Nitrite has ROA of 28.0848471708146 % which is a good sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. Deepak Nitrite has a Current ratio of 1.35726485173982 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. Deepak Nitrite has a ROE of 42.6836970464896 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. Deepak Nitrite has a D/E ratio of 0.139171075482958 which means that the company has low proportion of debt in its capital.

  • Inventory turnover ratio: - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a company's inventory. It measures how many times a company has sold and replaced its inventory during a certain period of time. Deepak Nitrite has an Inventory turnover ratio of 9.57757731958763 which shows that the management is inefficient in relation to its Inventory and working capital management.

  • Sales growth: - Deepak Nitrite has reported revenue growth of 24.4285459172284 % which is fair in relation to its growth and performance.

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of Deepak Nitrite for the current financial year is 35.8077016226689 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Deepak Nitrite is Rs 4.5 and the yield is 0.2892 %.

Brief about Deepak Nitrite

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