MarketFriction

Deepak Nitrite Ltd

NSE DEEPAKNTR · BSE 506401 · Specialty Chemicals
₹1,492.80 -2.42%
NSE close2026-10-01
52 week range1,280.00 - 1,897.90
Market cap₹20,854 Cr.
P/E26.3
Nifty 500Smallcap 250 Price band 20% Delivery 52.7%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,7782,0092,1262,1672,0321,9032,1801,8901,9021,9752,1202,578
Expenses1,4761,7051,8251,8581,7341,7351,8631,7001,6981,7641,7442,037
Operating Profit302305301309298169317190204211376540
OPM %17%15%14%14%15%9%15%10%11%11%18%21%
Other Income171499192121232520-4714
Interest334666988111923
Depreciation394246474848515153586364
Profit before tax277274349275264135279155163138301468
Tax %26%26%27%26%26%27%27%27%27%28%27%26%
Net Profit20520225420319498202112119100220345
EPS in Rs15.0414.8118.6114.8514.247.1914.848.238.707.3216.1125.30
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,3731,3711,6512,7004,2304,3606,8027,9727,6828,2827,8878,575
Expenses1,2041,2311,4472,2783,1943,1085,1966,6806,5557,1876,9007,243
Operating Profit1691392044211,0351,2521,6071,2921,1271,0959871,331
OPM %12%10%12%16%24%29%24%16%15%13%13%16%
Other Income-08071129204246156844436
Interest4037478711877362715314961
Depreciation40485378140153178166166195225237
Profit before tax891351112688061,0421,4341,1461,1029537571,070
Tax %29%28%29%35%24%26%26%26%26%27%27%
Net Profit6396791746117761,067852811697551783
EPS in Rs5.397.375.7912.7344.8056.8878.2062.4759.4551.1240.3657.43
Dividend Payout %22%16%22%16%10%10%9%12%13%15%19%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth19%13%0%7%
Compounded Profit Growth24%-7%-13%31%
Stock Price CAGR29%-8%-10%-17%
Return on Equity20%18%13%10%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital212326272727272727272727
Reserves3254506898951,0441,5452,3193,3114,0634,7695,3615,810
Borrowings5455297249871,1871,107590315732861,2671,638
Other Liabilities2352953506846775386307799671,0121,0531,180
Total Liabilities1,1251,2961,7892,5922,9353,2173,5674,4325,1296,0957,7088,654
Fixed Assets5495945865881,7161,8321,8641,9631,9422,2932,4573,270
CWIP4436349955341722201223017741,6491,828
Investments3871183222189439379122511213
Other Assets5305807361,0181,1831,2101,2931,9082,5082,9073,0913,343
Total Assets1,1251,2961,7892,5922,9353,2173,5674,4325,1296,0957,7088,654
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity10816749183607651,002824650874625539
Cash from Investing Activity-89-169-353-525-163-428-396-424-276-717-1,489-669
Cash from Financing Activity-22430534596-338-599-386-35944806193
Net Cash Flow-3214-6-171415200-5964
Free Cash Flow1881-192-438-194349788638290110-494-658
CFO/OP87%110%47%103%28%93%99%73%70%101%77%74%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days868396917853636160625670
Inventory Days4754751189463645362545957
Days Payable48599517610657724646383335
Cash Conversion Cycle857976326659566776778292
Working Capital Days-3-28-49-293533575770706461
ROCE %14%8%10%17%38%40%44%30%22%16%11%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters49.13%49.13%49.13%49.24%49.24%49.24%49.28%49.28%49.28%49.33%49.33%49.34%
FIIs6.47%6.48%6.72%6.86%6.68%6.59%6.64%6.68%6.21%6.06%6.19%6.24%
DIIs17.96%18.87%19.27%21.20%22.30%23.22%23.22%22.61%22.70%23.20%23.46%23.76%
Public26.45%25.52%24.87%22.70%21.79%20.94%20.84%21.42%21.82%21.42%21.01%20.65%
No. of Shareholders5,72,5625,34,1155,02,2504,51,1984,22,3984,10,7494,09,9704,16,2584,19,3674,08,5603,96,7983,82,905

Fundamentals

Market Cap₹ 20,854 Cr.
Current Price₹ 1,529
Stock P/E26.3
Book Value₹ 428
ROCE11.4 %
ROE9.82 %
Dividend Yield0.49 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)7%
Compounded Profit Growth (TTM)31%
Consolidated figures.
Valuation
Market capRs 20,361 Cr
Enterprise valueRs 21,729 Cr
P/E (TTM)25.99x
Price to book3.49x
Price to sales2.37x
EV / EBITDA15.89x
EV / EBIT19.22x
EV / sales2.53x
Price to cash flow37.78x
Earnings yield3.85%
Dividend yield0.50%
P/E, 3-year average35.48x
P/B, 3-year average4.69x
P/E, 5-year average32.92x
P/B, 5-year average5.88x
Profitability
Operating margin (excl. other income)12.51%
Operating margin (incl. other income)13.07%
EBITDA margin15.95%
Pre-tax margin12.48%
Net profit margin9.13%
Net margin, latest quarter13.39%
ROE9.81%
ROCE11.41%
ROA6.73%
ROE, 3-year average13.92%
ROCE, 3-year average17.44%
ROA, 3-year average10.43%
ROE, 5-year average20.44%
ROCE, 5-year average25.39%
ROA, 5-year average15.15%
ROIC (approx.)11.41%
Tax rate27.27%
Other income / net worth0.76%
Growth
Sales growth (latest year)-4.77%
Profit growth (latest year)-21.04%
Sales CAGR, 3 years-0.36%
Sales CAGR, 5 years12.59%
Profit CAGR, 3 years-13.55%
Profit CAGR, 5 years-6.63%
Sales growth QoQ21.57%
Profit growth QoQ57.01%
Sales growth YoY (latest quarter)36.39%
Profit growth YoY (latest quarter)207.50%
Per share
EPS (TTM)Rs 57.43
EPS (latest year)Rs 40.36
EPS (latest quarter)Rs 25.30
EPS, 3-year averageRs 50.31
EPS, 5-year averageRs 58.32
Book value per shareRs 427.94
Sales per shareRs 628.68
Cash flow per shareRs 39.51
Free cash flow per shareRs -48.24
Dividend per share (latest year)Rs 7.50
Dividend per share, 3-year averageRs 7.50
Dividend per share, 5-year averageRs 7.40
Dividends
Dividend payout18.58%
Dividend payout, 3-year average15.29%
Dividend payout, 5-year average13.37%
Efficiency
Asset turnover0.91x
Fixed asset turnover2.41x
Inventory turnover7.06x
Inventory days52 days
Debtor days70 days
Debtors turnover5.24x
Creditor days35 days
Cash conversion cycle92 days
Working capital days61 days
Leverage
Total debtRs 1,638 Cr
Cash and bankRs 269 Cr
Net debtRs 1,369 Cr
Debt to equity0.28x
Net debt / EBITDA1.00x
Interest coverage18.60x
Current ratio (filing 2026-03-31)2.40x
Quick ratio (filing 2026-03-31)1.73x
Trade payables (filing 2026-03-31)Rs 534 Cr
Owners' fund to total sources67.44%
Debt to assets18.92%
Cash flow
Cash from Operating Activity (latest year)Rs 539 Cr
Cash from Investing Activity (latest year)Rs -669 Cr
Cash from Financing Activity (latest year)Rs 193 Cr
Net Cash Flow (latest year)Rs 64 Cr
Free cash flow (latest year)Rs -658 Cr
FCFE (approx.: FCF + change in debt)Rs -287 Cr
Cash from ops / profit, 5 years0.88x
Sales to cash flow14.63x
Statement figures
Net sales (TTM)Rs 8,575 Cr
Net sales (latest year)Rs 7,887 Cr
Sales (latest quarter)Rs 2,578 Cr
Operating profit excl. other income (latest year)Rs 987 Cr
Operating profit (latest quarter)Rs 540 Cr
Other income (TTM)Rs 36 Cr
EBITDA (TTM)Rs 1,368 Cr
PBDT (TTM)Rs 1,307 Cr
Profit before tax (TTM)Rs 1,070 Cr
Tax (latest year)Rs 206 Cr
Net profit (TTM)Rs 783 Cr
Net profit (latest year)Rs 551 Cr
Net profit (latest quarter)Rs 345 Cr
Depreciation (TTM)Rs 237 Cr
Depreciation (latest quarter)Rs 64 Cr
Interest (TTM)Rs 61 Cr
Cost of goods sold (latest year)Rs 6,099 Cr
Total expenditure (latest year)Rs 6,900 Cr
Total income (latest year)Rs 7,931 Cr
Share capitalRs 27 Cr
ReservesRs 5,810 Cr
Shareholders' fundsRs 5,837 Cr
Total assetsRs 8,654 Cr
Net blockRs 3,270 Cr
Capital work in progressRs 1,828 Cr
InvestmentsRs 213 Cr
ReceivablesRs 1,506 Cr
InventoryRs 863 Cr
Other liabilitiesRs 1,180 Cr
Shares outstanding (crore)13.64
Ownership
Promoter holding49.34% (+0.06 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 26.0 is at the 20th percentile of its own 9.4-year range (median 35.5, low 10.6, high 54.4).
P/B 3.49 is at the 6th percentile (median 5.88).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodDEEPAKNTRNifty 50Difference
1 week-6.8%-2.8% -4.0 pts
1 month-16.3%-6.8% -9.5 pts
3 months-4.2%-7.6% +3.4 pts
6 months+16.0%+0.4% +15.6 pts
1 year-19.8%-9.9% -9.9 pts
2 years-48.0%-13.6% -34.4 pts
3 years-29.6%+14.2% -43.8 pts
5 years-37.3%+27.9% -65.2 pts
84 mutual fund schemes hold about ₹3,068 Cr. Over three months 62 bought more and 15 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Kotak Mid Cap Fund1.00%714 +12%
Nippon India Small Cap Fund0.39%325 +17%
Franklin India Small Cap Fund1.65%243 +15%
Franklin India Mid Cap Fund1.47%192 +13%
Franklin India Focused Equity Fund1.22%141 +8%
ICICI Pru Multi Cap Fund0.65%126 +10%
ICICI Pru Multi Cap Fund0.65%121 +10%
Nippon India Growth Mid Cap Fund0.22%114 +11%
Sundaram Mid Cap Fund0.74%110 +3%
Sundaram Mid Cap Fund0.74%108 +3%
SBI Multi Asset Allocation Fund(A0.42%87 +100%
SBI Large & Midcap Fund0.17%74 +100%
Kotak Aggressive Hybrid Fund0.67%62 +13%
ICICI Pru Commodities Fund1.42%61 +7%
SBI Small Cap Fund0.13%56 +100%
ICICI Pru Mid Cap Fund0.66%56 +10%
ICICI Pru Mid Cap Fund0.66%53 +10%
Sundaram Small Cap Fund0.96%40 +10%
SBI Conservative Hybrid Fund(Q0.38%38 +100%
Mirae Asset Aggressive Hybrid Fund0.40%38 +16%
HDFC Large & Mid Cap Fund0.10%29 +14%
Sundaram Multi Cap Fund0.88%27 +12%
SBI Comma Fund2.12%26 +100%
Bandhan Value Fund0.26%26 +1%
Kotak Balanced Advantage Fund0.13%22 +18%

Red flags

F-score 3 of 8
lookRegulator order or action Regulator order or action 2026-08-25: Deepak Nitrite Limited has informed the Exchange about Action(s) taken or orders passed
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2026-03-30Binarius Infra Private LimitedPromoter Groupbuy15,400Rs 2.00 CrMarket Purchase
2026-03-30Binarius Infra Private LimitedPromoter Groupbuy15,400Rs 2.00 CrMarket Purchase
2025-12-18Stepup Credits and Capital PrivatePromoter Groupbuy6,762Rs 1.07 CrMarket Purchase
2025-12-09Deepak C. MehtaPromotersbuy42,361Rs 6.48 CrMarket Purchase
2025-12-08Deepak C. MehtaPromotersbuy15,087Rs 2.32 CrMarket Purchase
2025-02-18Smt. Ila D. MehtaPromoter Groupbuy27,100Rs 5.15 CrMarket Purchase
2025-02-17Smt. Ila D. MehtaPromoter Groupbuy30,700Rs 5.83 CrMarket Purchase
2024-08-09Jayesh R Jethwa-sell950Rs 0.29 CrMarket Sale
2024-06-26Ila D MehtaPromoter Groupbuy146,000Rs 36.56 CrMarket Purchase
2024-02-29Sahay Meghav MehtaPromoter Groupother22,420Gift
2024-02-29Deepak C MehtaPromotersother22,420Gift
2023-08-02Deepak C MehtaPromotersother705,130Inter-se-Transfer
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹2,578 Cr +36.4% vs Jun 2025. Net profit ₹345 Cr +208.0%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-07-27Dividend - Rs 7.50 Per Share
2025-08-04Dividend - Rs 7.50 Per Share
2024-07-29Annual General Meeting/Dividend - Rs 7.50 Per Share
2023-07-27Annual General Meeting/Dividend - Rs 7.50 Per Share
2022-07-25Annual General Meeting/Dividend - Rs 7 Per Sh
2021-07-20 Annual General Meeting/Dividend - Rs 4.50 Per Share/ Special Dividend - Re 1 Per Share
2020-07-29 Annual General Meeting
2020-03-16 Interim Dividend - Rs 4.50 Per Share
2019-06-19 Annual General Meeting/Dividend - Rs 2 Per Share
2018-07-25 Annual General Meeting/Dividend- Rs 1.30 Per Share
2017-06-15 Annual General Meeting/Dividend - Rs 1.20/- Per Share
2016-07-28 Annual General Meeting/Dividend - Rs 1.20/- Per Share
2015-07-30Annual General Meeting/Dividend - Re 1/- Per Share
2014-07-31Annual General Meeting /Dividend Re.1 Per Share
2014-06-20Bonus 1 : 1 / Face Value Split From Rs 10/- Each To Rs 2/- Each0.1000
2013-07-23Annual General Meeting / Dividend - Rs 8/- Per Share
2012-07-24Annual General Meeting And Dividend Rs.6/- Per Share
2011-07-26Annual General Meeting And Dividend Rs.6/- Per Share
DateTypeWhat it says
2026-09-29General UpdatesGeneral Updates-Disclosure under Regulation 30 of SEBI LODR Regulations, 2015
2026-09-29General UpdatesGeneral Updates
2026-08-26General UpdatesGeneral Updates
2026-08-25Regulatory actionAction(s) taken or orders passed
2026-08-21ResignationResignation of Director/KMP/SMP
2026-08-21ResignationResignation of Director/KMP/SMP
2026-08-21ResignationResignation of Director/KMP/SMP
2026-08-21Change in ManagementChange in Management
2026-08-11Concall / analyst meetTranscript
2026-08-07General UpdatesGeneral Updates
2026-08-07CessationCessation of Dileep Choksi as Non- Executive Independent Director of the company w.e.f. August 07, 2026.
2026-08-06General UpdatesGeneral Updates
2026-08-06Concall / analyst meetLink of Recording
2026-08-05Shareholder meetingShareholders meeting - Voting Result and Scrutinizer Report
2026-08-05Shareholder meetingShareholders meeting-Proceedings of 55th AGM
2026-08-04General UpdatesGeneral Updates -Q1 FY 2027 Investor Presentation
2026-08-04General UpdatesGeneral Updates
2026-08-04Change in ManagementChange in Management
2026-08-04Board meeting outcomeDeepak Nitrite Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-28General UpdatesGeneral Updates
2026-07-24General UpdatesGeneral Updates - Schedule of Q 1 & FY 2027 Concall
2026-07-23Giving guarantees/indemnity/Giving guarantees/indemnity/ becoming a surety for third party
2026-07-21Disclosure under SEBI TakeovDeepak C Mehta has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Ac...
2026-07-10General UpdatesGeneral Updates
2026-07-06Record DateRecord date for the purpose of Dividend is 27-Jul-2026.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2019-06-17CESTATDEEPAK NITRITE LIMITED ---VS.--- DESIGNATED AUTHORITY DIRECTORATE GENERAL OF ANTI-DUMPING AND ALLIED DUTIES
2019-03-25CESTATDEEPAK NITRITE LIMITED ---VS.--- DESIGNATED AUTHORITY DIRECTORATE GENERAL OF ANTI-DUMPING AND ALLIED DUTIES
2019-03-18CESTATDEEPAK NITRITE LIMITED ---VS.--- DESIGNATED AUTHORITY DIRECTORATE GENERAL OF ANTI-DUMPING AND ALLIED DUTIES
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Deepak Nitrite Ltd?

Deepak Nitrite Ltd (DEEPAKNTR) has a market capitalisation of Rs 20,854 Cr. at the 2026-10-01 close.

What is the P/E ratio of Deepak Nitrite Ltd?

Deepak Nitrite Ltd trades at a P/E of 26.3 on trailing twelve-month profit, at the 2026-10-01 close.

What were Deepak Nitrite Ltd's latest quarterly results?

In the Jun 2026 quarter, Deepak Nitrite Ltd sales was Rs 2,578 Cr (+36.4% vs Jun 2025) and net profit was Rs 345 Cr.

What is the 52-week high and low of Deepak Nitrite Ltd?

The 52-week high is Rs 1,897.90 and the 52-week low is Rs 1,280.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03