Deepak Nitrite Limited

Deepak Nitrite Limited (DEEPAKNTR) is a mid-cap Chemicals company valued at ₹21,803 crore operating in Specialty Chemicals on the NSE and BSE.

Recent price move

Deepak Nitrite Limited last traded at ₹1,605.5, modestly up 0.37% on the day.

Recent developments

2026-09-29: The company's capex expansion project, a ₹300 crore chlorination and specialty chemicals plant in Gujarat, was commissioned, but the stock fell 2.31% on the BSE. 2026-08-21: The company's EBITDA margin increased significantly, jumping from 11% to 21% in one year, driven by a strong earnings comeback. 2026-08-05: The stock rose 5% after reporting a three-fold increase in Q1 net profit and a surge in revenue.

Financial performance

The company's business is shrinking, with annual revenue falling 4.8% and annual net profit dropping 21.0%. However, the latest quarter saw a sharp rise in both revenue and net profit, with revenue up 36.4% and net profit soaring 208.0% compared to the same quarter a year earlier. Margins have narrowed, with the net profit margin falling to 7.0% from 8.4% in the prior year, while returns remain stable at 9.4% return on equity and 10.9% return on capital employed.

Valuation multiples

The stock trades at 39.8 times earnings, 3.85 times book value. It yields 0.5%.

Things to watch

The company's annual net profit fell 21.0% year-over-year, and the net profit margin has declined by 1.4 percentage points. The stock is 21.3% below its 52-week high, and the company's profit growth has slowed significantly, with a 13.5% annualized decline over the past three years. The latest quarter's net profit growth, while strong, is an anomaly compared to the annual trend.

Where it stands

Deepak Nitrite Ltd's business is shrinking, with annual revenue and net profit declining, but the latest quarter shows a strong rebound in both revenue and net profit. The company's EBITDA margin has improved significantly, but the net profit margin has narrowed. The stock is trading below its 52-week high, and the company's profit growth has slowed considerably over the past three years. The most significant reported figure is the sharp rise in the latest quarter's net profit.

Summarised by DocStoX's model on 2026-10-03 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.