Deepak Nitrite Ltd logo

Deepak Nitrite Ltd

NSE: DEEPAKNTR BSE: 506401

₹1492.80

(2.42%)

Fri, 09 Oct 2026, 00:51 pm

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Market Cap (in Cr)20373.03
PE Ratio25.99
Dividend0.49
Process IndustriesProcess Industries
Chemicals: SpecialtyChemicals: Specialty
24.5K24.5K

Deepak Nitrite Analysis

dividend

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Pros

  • Dividends per share have increased over the past 10 years.
  • Dividends paid are thoroughly covered by earnings (10x coverage).
  • Dividends after 3 years are expected to be well covered by earnings (6x coverage).
  • Dividends per share have been stable in the past 10 years.
  • Deepak Nitrite's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.76%).
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Cons

  • Deepak Nitrite's dividend is below the markets top 25% of dividend payers in India (3.08%).

future

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Pros

  • Deepak Nitrite is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
  • Performance (ROE) is expected to be above the current IN Chemicals industry average.
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Cons

  • Cash flow for Deepak Nitrite is expected to decrease over the next 2 years.
  • Deepak Nitrite's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Deepak Nitrite's earnings are expected to decrease over the next 1-3 years, this is below the India market average.
  • Deepak Nitrite's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 7.2%.
  • Deepak Nitrite's earnings are expected to decrease over the next year.
  • Deepak Nitrite's net income is expected to decrease over the next 2 years.
  • A decline in Deepak Nitrite's performance (ROE) is expected over the next 3 years.
  • Deepak Nitrite's revenue is expected to increase but not above the 50% threshold in 2 years time.
  • Deepak Nitrite's revenue is expected to grow by 1% yearly, however this is not considered high growth (20% yearly).
  • Deepak Nitrite's revenue growth is positive but not above the India market average.

health

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Pros

  • Deepak Nitrite is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Deepak Nitrite is profitable, therefore cash runway is not a concern.
  • Deepak Nitrite is profitable, therefore cash runway is not a concern.
  • Debt is well covered by operating cash flow (74.4%, greater than 20% of total debt).
  • Debt is covered by short term assets, assets are 1.1x debt.
  • Deepak Nitrite's cash and other short term assets cover its long term commitments.
  • The level of debt compared to net worth has been reduced over the past 5 years (156.9% vs 65.4% today).
  • Interest payments on debt are well covered by earnings (EBIT is 7.7x coverage).
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Cons

  • Deepak Nitrite's level of debt (65.4%) compared to net worth is high (greater than 40%).
  • High level of physical assets or inventory.

management

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Pros

  • The tenure for the Deepak Nitrite board of directors is about average.
  • Maulik's remuneration is lower than average for companies of similar size in India.
  • Maulik's compensation has been consistent with company performance over the past year, both up more than 20%.
  • More shares have been bought than sold by Deepak Nitrite individual insiders in the past 3 months.
  • The tenure for the Deepak Nitrite management team is about average.
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Cons

    misc

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    Pros

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      Cons

      • Deepak Nitrite has significant price volatility in the past 3 months.

      past

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      Pros

      • Deepak Nitrite's 1-year earnings growth exceeds its 5-year average (249.4% vs 38.6%)
      • Deepak Nitrite has delivered over 20% year on year earnings growth in the past 5 years.
      • Deepak Nitrite used its assets more efficiently than the IN Chemicals industry average last year based on Return on Assets.
      • Deepak Nitrite has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
      • Deepak Nitrite has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
      • Deepak Nitrite's earnings growth has exceeded the IN Chemicals industry average in the past year (249.4% vs 9.1%).
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      Cons

        value

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        Pros

        • Deepak Nitrite is good value based on earnings compared to the India market.
        • DEEPAKNTR outperformed the Chemicals industry which returned 2.2% over the past year.
        • DEEPAKNTR outperformed the Market in India which returned -14.5% over the past year.
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        Cons

        • Deepak Nitrite's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).
        • Deepak Nitrite's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).
        • Deepak Nitrite is overvalued based on assets compared to the IN Chemicals industry average.
        • Deepak Nitrite earnings are not expected to grow next year, we can't assess if its growth is good value.
        • Deepak Nitrite is overvalued based on earnings compared to the IN Chemicals industry average.
        • NSEI:DEEPAKNTR is down -8.9% underperforming the Chemicals industry which returned 6.9% over the past month.
        • NSEI:DEEPAKNTR is down -8.9% underperforming the market in India which returned 8% over the past month.
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