🔔 Rating Alert
Morgan Stanley retains Overweight rating on Deepak Nitrite, lowering target price to Rs 3,000 from Rs 3,295 amid sector challenges.
Deepak Nitrite Ltd Analyst Rating
based on 16 analysts
37.50%
Buy
31.25%
Hold
31.25%
Sell
Based on 16 analysts offering long term price targets for Deepak Nitrite Ltd. An average target of ₹2723.44
Source: S&P Global Market Intelligence
Deepak Nitrite Ltd Share analysis
Deepak Nitrite Ltd price forecast by 16 analysts
Upside of1.95%
High
₹3325
Target
₹2723.44
Low
₹1656
Deepak Nitrite Ltd target price ₹2723.44, a slight upside of 1.95% compared to current price of ₹2619.2. According to 16 analysts rating.
Excluding Excise Duty and Other Income, represents Net Revenue
Deepak Nitrite Ltd revenue growth forecast
Expected growth rate Q1, FY2026:27.47%
Forecast
Actual
Including amortisation and stock based compensations
Deepak Nitrite Ltd EPS growth forecast
EPS estimate Q1, FY2026:43.36%
Forecast
Actual
Source: S&P Global Market Intelligence
Deepak Nitrite Ltd Performance
Day's Low
Day's High
₹2,607.65₹2,675.952 Week's Low
52 Week's High
₹2,021₹3,169
| Returns % | |
| 1 Month Return | -3.79 % |
| 3 Month Return | -9.57 % |
| 1 Year Return | + 25.7 % |
| Market Stats | |
| Previous Close | ₹2,671.30 |
| Open | ₹2,650.00 |
| Volume | 1.78L |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹36,434.67Cr |
Deepak Nitrite Ltd Key Statistics
| P/E Ratio | 42.73 |
| PEG Ratio | 10.68 |
| Market Cap | ₹36,434.67 Cr |
| P/B Ratio | 9.79 |
| EPS | 59.45 |
| Dividend Yield | 0 |
| Sector | Chemicals |
| ROE | 12.66 |
Deepak Nitrite Ltd Peer Comparison
Company | Analyst View | Market Cap | 5 Year CAGR | Debt to Asset Ratio | Net Profit | Yearly Revenue |
|---|---|---|---|---|---|---|
| HOLD | ₹36,434.67 Cr | 132.45% | 0.51 | ₹810 Cr | ₹7,681 Cr | |
| HOLD | ₹25,463.74 Cr | 9.87% | 0.53 | NA | NA | |
| BUY | ₹16,555.11 Cr | 53.77% | 0.52 | ₹270 Cr | ₹2,065 Cr | |
| BUY | ₹21,444.93 Cr | 15.02% | 0.50 | ₹324 Cr | ₹4,725 Cr | |
| HOLD | ₹9,965.90 Cr | 75.87% | 0.51 | ₹201 Cr | ₹992 Cr |
Deepak Nitrite Ltd Mutual Fund Holdings
About Deepak Nitrite Ltd
Deepak Nitrite Ltd is well known for its top-quality products, which are widely used in a variety of industries such as pharmaceuticals, agrochemicals, paints and coatings, and polyurethanes. The company's popular brands include Deepak Nitrite, Deepak Polymers, and Deepak Resins. These products are used to manufacture dyes, pharmaceuticals, and other industrial chemicals.
Share Price: ₹2619.20 per share as on 21 Nov, 2024 04:01 PM
Market Capitalisation: ₹36,434.67Cr as of today
Revenue: ₹2,032.00Cr as on September 2024 (Q3 24)
Net Profit: ₹194.20Cr as on September 2024 (Q3 24)
Listing date: 13 Oct, 1995
Chairperson Name: D C Mehta
| Organisation | Deepak Nitrite Ltd |
| Headquarters | Pune |
| Industry | Chemicals |
| E-voting on shares | Click here to vote |
What's happening today
Today's Timeline - 21 Nov
08:59 AM
-Morgan Stanley maintains Overweight rating on Deepak Nitrite, lowering target price to ₹3,000 due to tough pricing conditions.
Key events for Deepak Nitrite Ltd
Morgan Stanley Adjusts Target Price for Deepak Nitrite - 21 Nov, 2024
Morgan Stanley has retained its Overweight rating on Deepak Nitrite while reducing the target price to ₹3,000 from ₹3,295, citing sector challenges and cautious near-term expectations.
Deepak Nitrite Reports Decline in Q3 Financials - 20 Nov, 2024
Deepak Nitrite's standalone net sales for September 2024 fell 9.83% to Rs 604.70 crore, with net profit down 9.62% to Rs 142.28 crore. EBITDA also decreased by 10.89%. The EPS dropped to Rs 10.43 from Rs 11.54 a year earlier. Despite these declines, shares closed at Rs 2,569.30, showing positive returns over 6 and 12 months.
Deepak Nitrite Shares Decline, Market Cap Drops - 18 Nov, 2024
Deepak Nitrite shares fell by 2.28% today, closing at Rs 2,578.40, resulting in a market cap loss of Rs 822 crore. The stock remains under scrutiny in the specialty chemicals sector.
Deepak Nitrite Faces Challenges, Target Price Set - 15 Nov, 2024
Deepak Nitrite's Q2FY25 revenue rose 14.3% YoY but declined 6.2% QoQ. Despite growth initiatives, challenges in the Advanced Intermediates business persist, prompting a 'Reduce' rating with a target price of Rs 2,438.
Deepak Nitrite Reports Mixed Q2 Results, Shares Rally - 14 Nov, 2024
Deepak Nitrite's Q2 FY25 results show a 14.3% revenue increase to ₹2,032 crore, but net profit fell 5.3%. Despite mixed results, shares rallied over 6% following a significant capex approval for a new project.
Deepak Nitrite Reports Q2 Results and Investment Plans - 13 Nov, 2024
Deepak Nitrite's Q2FY25 results show a 4.1% decline in PAT to Rs 194 crore, despite a 14.3% revenue increase to Rs 2,032 crore. The company plans a Rs 5,000 crore investment in a polycarbonate project.
Deepak Nitrite Shares Decline Over 3% - 11 Nov, 2024
On November 11, 2024, Deepak Nitrite Ltd shares fell over 3%, trading at ₹2,592, marking a decline of ₹86.25 from the previous close. The stock has been on a downward trend, with a cumulative decline noted over recent sessions.
Deepak Nitrite Sees Surge in Trading Volume - 06 Nov, 2024
Deepak Nitrite Ltd experienced a significant increase in trading volume, reaching 2.82 lakh shares, a 49.5-fold rise compared to the two-week average. The stock price rose by 1.84% to Rs. 2,745.00.
Deepak Phenolics Secures Long-Term Supply Agreements - 29 Oct, 2024
Deepak Phenolics Limited has approved a 15-year agreement with Petronet LNG for 250,000 tonnes of propylene and 11,000 tonnes of hydrogen annually, marking a significant commitment in India's petrochemical sector.
Insights on Deepak Nitrite Ltd
Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.
POSITIVE IMPACTPrice Rise
In the last 7 days, DEEPAKNTR stock has moved up by 1.2%
- POSITIVE IMPACT
MF Holding Up
Mutual Funds have increased holdings from 10.44% to 11.43% in Sep 2024 quarter
NO EFFECTPromoter Holding Unchanged
Promoters holdings remained unchanged at 49.24% of holdings in Sep 2024 quarter
- NO EFFECT
Against Peers
In the last 3 years, Solar Industries India Ltd has given 256.4% return, outperforming this stock by 230.7%
- NO EFFECT
Against Peers
In the last 1 year, Solar Industries India Ltd has given 43.8% return, outperforming this stock by 18.1%
NEGATIVE IMPACTRetail Holding Down
Retail Investor have decreased holdings from 22.69% to 21.78% in Sep 2024 quarter
- NEGATIVE IMPACT
FII Holding Down
Foreign Institutions have decreased holdings from 6.86% to 6.69% in Sep 2024 quarter
- NEGATIVE IMPACT
Revenue Fall
Revenue is down for the last 3 quarters, 2.22K Cr → 2.05K Cr (in ₹), with an average decrease of 3.9% per quarter
- NEGATIVE IMPACT
Profit Down
Netprofit is down for the last 3 quarters, 253.86 Cr → 194.19 Cr (in ₹), with an average decrease of 12.2% per quarter
Deepak Nitrite Ltd Financials
Index Inclusions
Deepak Nitrite Ltd Shareholding Pattern
| Investors | Holdings % | FY Quarter | 3M change |
|---|---|---|---|
| Promoter Holdings | 49.24% | 0.00 | |
| Foreign Institutions | 6.69% | ||
| Mutual Funds | 11.43% | 9.47 | |
| Retail Investors | 21.78% | ||
| Others | 10.86% | 0.89 |
Deepak Nitrite Ltd Key Indicators
Deepak Nitrite Ltd Valuation
Deepak Nitrite Ltd in the last 5 years
Lowest (8.33x)
March 23, 2020
Today (42.73x)
November 19, 2024
Industry (56.93x)
November 19, 2024
Highest (49.01x)
August 7, 2024
Deepak Nitrite Ltd Earnings and Dividends
Deepak Nitrite Ltd Earnings Results
Deepak Nitrite Ltd’s net profit fell -5.31% since last year same period to ₹194.19Cr in the Q2 2024-2025. On a quarterly growth basis, Deepak Nitrite Ltd has generated -4.12% fall in its net profits since last 3-months.
Read More about Earnings ResultsDeepak Nitrite Ltd Dividends May,2024
In the quarter ending March 2024, Deepak Nitrite Ltd has declared dividend of ₹7.50 - translating a dividend yield of 0.28%.
Read More about Dividends
Deepak Nitrite Ltd Technicals Summary
Bearish
Neutral
Bullish
Deepak Nitrite Ltd is currently in a Bearish trading position according to technical analysis indicators.
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Deepak Nitrite Ltd (DEEPAKNTR) share price today is ₹2619.2
Deepak Nitrite Ltd is listed on NSE
Deepak Nitrite Ltd is listed on BSE
- Today’s highest price of Deepak Nitrite Ltd is ₹2675.9.
- Today’s lowest price of Deepak Nitrite Ltd is ₹2607.65.
PE Ratio of Deepak Nitrite Ltd is 42.73
PE ratio = Deepak Nitrite Ltd Market price per share / Deepak Nitrite Ltd Earnings per share
Today’s traded volume of Deepak Nitrite Ltd(DEEPAKNTR) is 1.78L.
Today’s market capitalisation of Deepak Nitrite Ltd(DEEPAKNTR) is ₹36434.67Cr.
| Deepak Nitrite Ltd(DEEPAKNTR | Price |
|---|---|
52 Week High | ₹3169 |
52 Week Low | ₹2021 |
Deepak Nitrite Ltd(DEEPAKNTR) share price is ₹2619.2. It is down -17.35% from its 52 Week High price of ₹3169
Deepak Nitrite Ltd(DEEPAKNTR) share price is ₹2619.2. It is up 29.60% from its 52 Week Low price of ₹2021
| Deepak Nitrite Ltd(DEEPAKNTR | Returns |
|---|---|
1 Day Returns | -52.1% |
1 Month Returns | -3.79% |
3 Month Returns | -9.57% |
1 Year Returns | 25.7% |