Deepak Nitrite Ltd
NSE: DEEPAKNTR BSE: 506401
₹1492.80
(2.42%)
Fri, 09 Oct 2026, 07:21 pm
Market Cap (in Cr)20373.03
PE Ratio25.99
Dividend0.49
Process Industries
Chemicals: Specialty
24.5KCompany History
1970
- Incorporated on 9th March at Baroda, promoted by C.K. Mehta and S.S. Aggarwal.
- Issued 225,000 equity shares to promoters.
1971
- Issued 225,000 equity shares and 15,000 preference shares to public.
1977
- Issued 360,000 bonus equity shares in proportion 4:5.
1979
- Commissioned formaldehyde plant for captive consumption.
- Increased sodium nitrite/nitrate capacity from 11,700 to 15,000 tpa.
- Initiated second phase increase of ammonium nitrate capacity to 10,000 tpa.
1980
- Allotted 810,000 bonus equity shares in proportion 1:1.
1981
- Obtained letter of intent for 10,000 tpa slurry explosives.
- Applied for licence for 360,000 tpa di-ammonium phosphate at Hazira.
1982
- Installed balancing equipment in sodium nitrite plant.
1983
- Redeemed preference shares.
1984
- Privately placed Rs. 100 lakhs 15% non-convertible debentures with financial institutions.
1985
- Pune unit production and sales affected by Resorcinol imports; plant closed in 1986.
- Commissioned 3,000 tpa concentrated nitric acid plant and hexamine plant.
- Installed 900 tpa guanidine nitrate and 600 tpa hydroxylamine sulphate plants at Nandesari.
- Revalued Nandesari assets with Rs. 9.87 crore surplus to revaluation reserve.
- Nova Synthetics Ltd became subsidiary.
- Allotted 1 equity share of Deepak Fertilisers & Petrochemicals for every 3 shares held.
- Issued 810,000 bonus equity shares in proportion 1:2.
1986
- Improved output of sodium nitrite, sodium nitrate, and nitric acid.
- Transport division affected by fertiliser industry problems.
1988
- Commissioned guanidine nitrate plant in November.
- Selected technical collaborator for project and finalised financing plans.
1989
- Dyes division at Pune improved performance.
- New products Guanidine Nitrate and Hydroxylamine Sulphate well received.
1991
- Issued 24,30,000 12.5% partly convertible debentures of Rs. 80 on rights basis (1:1), plus oversubscription and employee portion.
- Issued 24,30,000 14% non-convertible debentures of Rs. 100 on rights basis (1:1).
- Allotted 29,16,000 shares on part conversion of debentures.
1992
- Commissioned Phase-I of Nitroaromatics project.
1994
- Modernised Nitrite/Nitrate plants and debottlenecked dry intermediate plants.
- Set up new hydrogenation plant at Taloja.
- Allotted 2,250,000 warrants to promoters group, convertible at Rs. 54 within 18 months.
1995
- Allotted 404,000 equity shares against warrants to promoters.
2000
- Considered acquisition of 68.76% stake (34,57,300 shares) in Aryan Pesticides Ltd.
2006
- Signed MoU with NCL for research.
- Issued rights in ratio 2:4.
2007
- Appointed Dr. Richard H Rupp as Additional Director.
2009
- Appointed Shri. Sidhir Mankad as Additional Director.
2010
- Launched products in Fuel Additive space.
- Recommended dividend of Rs. 5 per share.
2011
- Recommended dividend of Rs. 6 per share.
2012
- Recommended dividend of Rs. 6 per share.
- Awarded Businessworld FICCI CSR Award 2011-12.
2013
- Commenced commercial production of first stream Optical Brightening Agent.
- Recommended dividend of Rs. 8 per share.
2014
- Appointed Shri Arvind Bajpai as Company Secretary and Compliance Officer.
- Announced 1:1 bonus issue.
- Split face value from Rs 10 to Rs 2.
2016
- Deepak Nitrite Limited received FICCI CSR Awards as parent of Deepak Foundation.
- Received recognition for best practices in tribal areas.
2018
- Deepak Group conferred with customer awards by Rallis.
- CFO Sanjay Upadhyay recognized as Best CFO under Chemicals in Mid-Cap.
- Recognized by ICC as Best Environment, Health and Safety Compliant Company.
- Deepak Foundation conferred with FGI award for CSR activities.
2019
- Conferred with Best Innovation in Digital Communication.
- Conferred with Best Chemical Intermediates Company ‘Times Icon of Vadodara’ award.
- Conferred with National Best Employer Brands 2019 award.
- Deepak Group conferred with Rising Brands of Asia 2019.
2020
- Acquired industrial land at Dahej.
- Ranked in Dun & Bradstreet’s Top 500 Companies.
- Made Fortune 500 list for two consecutive years.
- Received Forbes Asia Best Under A Billion Top 200 Award.
- Conferred with Fortune Next 500.
2021
- Received Forbes Asia Best Under A Billion Top 200 Award for 2020.
- Featured in Dun & Bradstreet’s Top 500 Companies for 2020.
2023
- Deepak Nitrite Ltd won Best CFO Award by Business World.
- Deepak Nitrite Ltd signed Rs. 5000 crore MoU with GoG.
