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2,004.55
2,035.90
1,682.15
3,020.00
6M Return -15.10%
1Y Return -4.73%
Mkt Cap.(Cr) 27,398.63
Volume 24,375
Div Yield 0.35%
OI
-
OI Chg %
-
Volume 24,375

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Q4FY22 Quarterly Result Announced for Deepak Nitrite Ltd.

Commodity Chemicals firm Deepak Nitrite declares Q4FY22 result:

  • In FY22, reported highest ever Revenue, EBITDA and PAT in the Company’s history, despite a challenging operating environment that was marked by rising prices of key raw materials and other utilities, constraints in logistics and material movement as well as increased uncertainty in global trade on the back of Russia-Ukraine conflict
  • Reported Consolidated PAT of Rs. 1,067 crore in FY22 surpassing the milestone of Rs. 1,000 crore in Annual PAT
  • Premised on robust financial performance during the year, the Board of Directors has declared a Final Dividend of Rs. 7 per equity share (350%) of Rs. 2 each for FY2021-22 towards rewarding the shareholders
  • Deepak Nitrite’s solid financial performance demonstrates the strength of its efficient manufacturing model with adequate backward integration and depth of multi-year relationships with key customers
  • On a consolidated basis, DNL stood debt free on basis of net debt with strong Networth of Rs. 3,338 crore, enabling ample scope to leverage the strong balance sheet for future expansion
  • Credit rating agency ICRA has upgraded DNL’s rating outlook from AA (stable) to AA (positive) and DPL‘s credit rating has been enhanced from AA- (stable) to AA (Positive) within a span of less than a year
  • Strong performance by all segments as the Company reported highest ever quarterly turnover in its 50 year history
  • Volume growth for several products during the quarter enabled the Company to deliver traction in revenues
  • Formula based pricing, increase in wallet share with large customers and addition of newer customers and geographies have supported the revenue momentum.
  • Better realisations combined with higher plant efficiency and operating leverage drove EBITDA margins to 22% during the quarter
  • This is despite the impact of severe ongoing logistics challenges, skyrocketing coal and RLNG prices which impacted cost of utilities and lifetime high input prices for several key raw materials.
  • PAT performance was in-line with operational performance during the quarter, further aided by significantly lower finance costs
  • Pass through of higher input prices and better planning resulted in production of high-demand products, thereby leading to enhanced profitability on QoQ basis.

Commenting on the performance for Q4 & FY22, Mr. Deepak C. Mehta, Chairman & Managing Director said:  “Our FY22 performance encapsulates the heightened resilience and agility in our Business Model as we have scaled new benchmarks in revenues and profitability during the year. This was achieved in the backdrop of sharp inflation in operating costs, higher input prices and disrupted supply chains. Both Revenues and PAT demonstrated significant growth in FY22 on a consolidated basis. The Company sustains a high degree of efficiency and continues to make progress on several growth initiatives. We will continue to be nimble to the changing needs and preferences of our customers and deliver specialized solutions. While doing so, we will prudently deploy capital to elevate our market position in the chosen chemistries. Our foray into advanced solvents will diversify our product portfolio, broaden our customer base, and raise the amount of sophisticated, high-margin products in the portfolio, thereby enhancing our business proposition.”

Result PDF

Financials

  • Profit and loss statement

  • Balance sheet

  • Quarterly Result

  • Ratio

Sales(Cr.)

Operating Profit(Cr.)

Profit after Tax(Cr.)

Equity

Reserves and Surplus

Debt

Sales

Operating Profit

Profit after tax

PE

Debt/Equity

P BV

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 3,338.44 Cr FV: 2.00
Period MF Net Purchase / (sold) FII Net
LAST 1M 2,384.58 23,141.09
LAST 3M 49,521.50 -18,551.54
LAST 6M 129,719.68 -157,153.27
LAST 12M 215,295.98 -222,611.80

Information

  • About Company
  • Company Info
  • Listing Info
27.65
45.72%
244.7661
44.37%
37.52%
Description
  • Deepak Nitrite Ltd is within the Chemical sector with a market capitalization of worth Rs. 29,063.30 crores. It is incorporated within the year 1970. It reported the consolidated sales of Rs. 1,526.22 crores in June 2021. The corporate is also listed within the Bombay stock market (BSE) with the code 506401 and within the National stock market (NSE) with the code DEEPAKNTR.

    Deepak Nitrite Ltd was founded in March 1970 by Chimanlal Khimchand Mehta. It’s multiple manufacturing plants, out of which two are located within Gujarat, two in Maharashtra, and one is found within Telangana. The company deals with various chemicals alongside Agrochemicals, Colourants, Rubber, Pharmaceuticals, etc. Deepak Nitrite has various subsidiaries like Deepak Phenolics Ltd, Deepak Nitrite Corporation Inc., and Nova Synthetic Ltd. Deepak Nitrite has acquired management and control of Aryan Pesticides Limited. The company has 1897 employees on the payroll as of 31st March '2021. As of an equivalent date, it also has 2820 contractual employees. The company has a strong reputation and is a market leader in several products. This has resulted in consistently improving financial performance. As a result, ICRA has upgraded its long-term credit rating from “ICRA AA-” to “ICRA AA” of Deepak Nitrite. The promoters currently hold 45.69% of the stake within the company, whereas Foreign Institutional Investors (FII) and Domestic Institutional Investors (DII) hold 11.43% and 1.19% of the stake. The balance, 40.88%, is owned by others (32.59% by retail investors and 8.29% in Mutual Funds).

    In June 2021, quarterly income was Rs. 527.25 crores, which has increased by approximately 50.47% from Rs. 350.4 crores for the April-June 2020 quarter. The quarterly net income in June 2021 was Rs. 134.92 crores, which has increased by 112.11% to a net income of Rs. 63.61 crores in June 2020. In June 2021, operating profit has reported at Rs. 514.57 crores, which is up by approximately 61.30% from Rs. 319.01 crores for the quarter ending in June 2020. From Rs. 4.66 in June 2020, the EPS of Deepak Nitrite has increased to Rs. 9.89 in June 2021. DEEPAKNTR’s stock closed at Rs. 2135 on 13th August '2021 (NSE) and has returned 81.35% within the last six months and 255.23% within the previous year.

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Registered Address

Aaditya-I, Chhani Road, Vadodara, Gujarat, 390024

Tel : 91-265-2765200/3960200
Email : investor:deepaknitrite.com
Website : http://www.deepaknitrite.com

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Sharepro Services

AGM Date (Month) : Jul
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 506401
NSE Code : DEEPAKNTR
Book Closure Date (Month) : Jul
BSE Group : A
ISIN : INE288B01029

ICICIdirect Deepak Nitrite Ltd FAQ

You can buy Deepak Nitrite Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Deepak Nitrite Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Aug 08, 2022 04:01 PM the closing price of Deepak Nitrite Ltd was ₹ 2,008.80.
Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Aug 08, 2022 04:01 PM, the market cap of Deepak Nitrite Ltd stood at ₹ 27,398.63.
The latest PE ratio of Deepak Nitrite Ltd as of Aug 08, 2022 04:01 PM is 27.65
The latest PB ratio of Deepak Nitrite Ltd as of Aug 08, 2022 04:01 PM is 0.12
The 52-week high of Deepak Nitrite Ltd is ₹ 3,020.00 while the 52-week low is ₹ 1,682.15 .

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