



Chemicals & Petrochemicals | Small Cap
Deepak Nitrite Ltd demonstrates a strong financial position overall. The company excels in solvency, coverage, and profitability. While its liquidity is reasonably healthy, there's room for improvement in managing cash and operating cash flow. Efficiency metrics indicate potential challenges in fixed asset and capital turnover. Although revenue and asset growth are robust, recent declines in operating profit, EPS, and net income growth warrant attention. The company maintains excellent interest and equity dividend coverage, providing a cushion for obligations. Financial metrics such as adjusted EPS, cash EPS, and book value per share reflect solid performance, although capital expenditures are high. Profitability ratios like ROCE, ROE, and margins showcase strong returns. These mixed results suggest a need for strategic focus to sustain growth and optimize operational efficiency in the chemical and petrochemical sector.
Deepak Nitrite Ltd demonstrates a strong financial position overall. The company excels in solvency, coverage, and profitability. While its liquidity is reasonably healthy, there's room for improvement in managing cash and operating cash flow. Efficiency metrics indicate potential challenges in fixed asset and capital turnover. Although revenue and asset growth are robust, recent declines in operating profit, EPS, and net income growth warrant attention. The company maintains excellent interest and equity dividend coverage, providing a cushion for obligations. Financial metrics such as adjusted EPS, cash EPS, and book value per share reflect solid performance, although capital expenditures are high. Profitability ratios like ROCE, ROE, and margins showcase strong returns. These mixed results suggest a need for strategic focus to sustain growth and optimize operational efficiency in the chemical and petrochemical sector.
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P/E RATIO (TTM)
124.93
Industry Median
15.97
Small Cap Median
14.64
P/E RATIO
42.87
P/B RATIO
4.04
Industry Median
1.88
Small Cap Median
1.80
P/S RATIO
3.10
Industry Median
1.37
Small Cap Median
1.30
Others
PEG RATIO
-6.48
EV/EBITDA RATIO
24.72
The Calculations Shown Above Are Based on the Last Traded Price (LTP) of ₹1730.3 as on Aug 24, 2026.
The company exhibits mixed growth performance. Revenue and asset growth are strong, but declines in operating profit, EPS, and net income growth are concerning. Strategic measures to improve profitability and earnings are necessary.
| Growth Ratios | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue Growth Rate | 56.01 | 17.2 | -3.64 | 7.81 | -4.77 |
| Operating Profit Growth Rate | 28.35 | -19.6 | -12.77 | -2.84 | -10.41 |
| Earnings Per Share (EPS) Growth | 37.48 | -20.12 | -4.83 | -14.01 | -21.05 |
| Asset Growth Rate | 24.25 | 15.73 | 18.83 | 26.46 | 12.62 |
| Net Income Growth Rate | 37.5 | -20.15 | -4.81 | -14.06 | -20.95 |
Revenue Growth Rate
Operating Profit Growth Rate
Earnings Per Share (EPS) Growth
Asset Growth Rate
Net Income Growth Rate
Peer Comparison empowers investors to evaluate a company against its industry peers using key financial metrics like P/E ratio, EPS, and profit margins. It helps identify whether a company is overvalued, undervalued, or performing in line with competitors. Investors can use this data to spot opportunities, assess risks, and make informed decisions. This contextual view adds depth beyond standalone company analysis.
| NO | Company Name | Health Score | P/E Ratio | Valuation | OPM | EPS | Latest Profit & Loss |
|---|---|---|---|---|---|---|---|
| 1 | Navin Fluorine International Ltd | 8.37 | 63.24 | Overvalued | 1082.00 | 95.08 | 664.00 |
| 2 | Deepak Nitrite Ltd | 8.34 | 42.87 | Highly Overvalued | 981.00 | 13.85 | 551.00 |
| 3 | Tata Chemicals Ltd | 7.03 | -8.43 | Neutral | 1805.00 | 23.79 | -1715.00 |
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Deepak Nitrite Ltd is a leading Indian chemical manufacturer specializing in basic and specialty chemicals, intermediates, and performance products. It caters to diverse end-user industries including dyes, agrochemicals, pharmaceuticals, rubber, and personal care. The company holds strong market positions in several product categories, driven by backward integration and a diversified product portfolio.
P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. Deepak Nitrite Ltd's P/E ratio (TTM) is 124.93, compared to the industry median of 15.97 and large cap median of 14.64.
P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. Deepak Nitrite Ltd's P/B ratio is 4.04, compared to the industry median of 1.88 and large cap median of 1.80.
P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. Deepak Nitrite Ltd's P/S ratio is 3.10, compared to the industry median of 1.37 and large cap median of 1.30.
PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. Deepak Nitrite Ltd's PEG ratio is -6.48.
EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. Deepak Nitrite Ltd's EV/EBITDA ratio is 24.72.
Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. Deepak Nitrite Ltd's ROE is 9.44%.
Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. Deepak Nitrite Ltd's ROA is 11.30%.
Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. Deepak Nitrite Ltd's ROCE is 11%.
Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. Deepak Nitrite Ltd's operating margin is 12.44%.
Net Margin: Net margin shows what percentage of revenue converts into final net profit. Deepak Nitrite Ltd's net margin is 6.99%.
Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. Deepak Nitrite Ltd's current ratio is 2.11.
Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. Deepak Nitrite Ltd's debt-to-equity ratio is 0.22.
Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. Deepak Nitrite Ltd's interest coverage ratio is 17.46.
Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. Deepak Nitrite Ltd's DPS is ₹7.67.
Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. Deepak Nitrite Ltd's EPS is -21.05.
(Source line: "Ratios as of 24 Aug 2026, based on last traded price of ₹1730.30. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")
Founded: 1970
Headquarters: Vadodara, Gujarat
Core Offerings: Phenolics, Basic Chemicals, Fine & Specialty Chemicals, Performance Products, Optical Brightening Agents
Stock Listing: NSE (DEEPAKNTR), BSE (506401)
Promoter: C.K. Mehta / Deepak Mehta Group
Deepak Nitrite Ltd was incorporated in 1970 and commenced operations in 1971 with sodium nitrite and sodium nitrate. Over the decades, the company significantly expanded its product portfolio into various basic, fine, and specialty chemicals. A key milestone was the commissioning of India's largest Phenol and Acetone plant in Dahej in 2017 through its subsidiary, Deepak Phenolics Ltd. Today, it stands as a diversified chemical enterprise with strong R&D, serving both domestic and international markets.
| Segment Name | Revenue % | EBITDA |
|---|---|---|
| Phenolics & IPA | 40% | 18% margin |
| Basic Chemicals | 18% | 18% margin |
| Fine & Specialty Chemicals | 24% | 19% margin |
| Performance Products | 18% | 17% margin |
Basic Chemicals: Manufactures a wide range of inorganic chemicals like sodium nitrite, sodium nitrate, and nitro-toluenes, essential for dyes, explosives, and pharmaceutical industries.
Fine & Specialty Chemicals: Produces complex chemical intermediates used in agrochemicals, pharmaceuticals, personal care, and pigments, requiring specialized R&D and manufacturing processes.
Performance Products: Offers optical brightening agents (OBAs) for paper, textile, and detergent industries, and other specialty additives that enhance product performance.
Phenolics & IPA (through Deepak Phenolics Ltd.): Operates India's largest plant for Phenol and Acetone, crucial building blocks for various downstream industries, along with Isopropyl Alcohol (IPA).
Deepak C. Mehta: Chairman & Managing Director. A visionary leader with extensive experience in the chemical industry, instrumental in the company's growth and diversification. Maulik D. Mehta: CEO & Whole-time Director. Represents the next generation of leadership, focusing on operational excellence, sustainability, and strategic expansion.
Deepak Phenolics Limited
Deepak Clean Tech Limited
Deepak Nitrite Corporation Limited
Deepak Mining Services Limited
Deepak Nitrite (Europe) S.R.O.
Rights Issue: INR 500 Cr in 2011. Bonus Issue: 1:1 in 2015. Bonus Issue: 1:1 in 2022.
The Deepak Nitrite Ltd share price today is ₹1730.30 on NSE (DEEPAKNTR), as of 25 Aug 2026.
As of 24 Aug 2026, Deepak Nitrite Ltd share price is ₹1730.30, with previous close ₹1730.30. Today's range is ₹1730.30 to ₹1730.30. The 52-week range is ₹1730.30 to ₹1730.30.
As of today, Deepak Nitrite Ltd's market cap is ₹24,431.84 crore (Large Cap).
Deepak Nitrite Ltd's current P/E ratio is 124.93, compared to the CHEMICALS & PETROCHEMICALS sector average of 38.60.
Deepak Nitrite Ltd's current P/B ratio is 4.04.
Deepak Nitrite Ltd's current dividend yield is 0.44%. Last dividend of ₹7.50 per share was declared on 08-May-2024.
Deepak Nitrite Ltd's EPS (TTM) is ₹-21.05.
Deepak Nitrite Ltd is a leading Indian chemical manufacturer specializing in basic and specialty chemicals, intermediates, and performance products. It caters to diverse end-user industries including dyes, agrochemicals, pharmaceuticals, rubber, and personal care. The company holds strong market positions in several product categories, driven by backward integration and a diversified product portfolio.
Deepak Nitrite Ltd is promoted by C.K. Mehta / Deepak Mehta Group, holding 49.33% as of 24 Aug 2026.
Deepak Nitrite Ltd is listed on NSE (DEEPAKNTR) and BSE (506401). Its next quarterly results are expected on Late July / Early August 2024.