Deepak Nitrite
Market Cap
₹35.5b
Last Updated
2019/08/23 12:41 UTC
Data Sources
Company Financials +
Executive Summary
Deepak Nitrite Limited manufactures and sells basic chemicals, fine and speciality chemicals, performance products, and phenolics in India.
Snowflake
Fundamentals
Solid track record established dividend payer.
Similar Companies
Share Price & News
How has Deepak Nitrite's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
0.9%
BSE:506401
-1.6%
IN Chemicals
-2.9%
IN Market
1 Year Return
2.6%
BSE:506401
-7.0%
IN Chemicals
-15.9%
IN Market
506401 outperformed the Chemicals industry which returned -7% over the past year.
506401 outperformed the Market in India which returned -15.9% over the past year.
Share holder returns
| 506401 | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.9% | -1.6% | -2.9% |
| 30 Day | -0.1% | -1.5% | -5.7% |
| 90 Day | -7.3% | -7.0% | -11.0% |
| 1 Year | 3.3%2.6% | -6.1%-7.0% | -14.1%-15.9% |
| 3 Year | 178.3%172.6% | 29.8%25.9% | 15.7%9.5% |
| 5 Year | 269.9%252.8% | 117.0%105.2% | 33.2%20.5% |
Price Volatility Vs. Market
How volatile is Deepak Nitrite's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 year ago | Simply Wall St
What Should You Know About Deepak Nitrite Limited's (BOM:506401) Profit Growth?1 year ago | Simply Wall St
Oberoi Realty And Other Top Growth Stocks1 year ago | Simply Wall St
Oberoi Realty And Other Top Growth StocksValuation
Is Deepak Nitrite undervalued based on future cash flows and its price relative to the stock market?
31%
Discount to future cash flow value
Intrinsic Value Based on Future Cash Flows
Deepak Nitrite's share price is below the future cash flow value, and at a moderate discount (> 20%).
Deepak Nitrite's share price is below the future cash flow value, but not at a substantial discount (< 40%).
Price Based on Earnings
Deepak Nitrite is overvalued based on earnings compared to the IN Chemicals industry average.
Deepak Nitrite is overvalued based on earnings compared to the India market.
Price Based on Expected Growth
Deepak Nitrite is poor value based on expected growth next year.
Price Based on Value of Assets
Deepak Nitrite is overvalued based on assets compared to the IN Chemicals industry average.
Next Steps
Future Growth
How is Deepak Nitrite expected to perform in the next 1 to 3 years based on estimates from 3 analysts?
9.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Estimates
Future Annual Growth Analysis
Deepak Nitrite's revenue is expected to grow by 10.3% yearly, however this is not considered high growth (20% yearly).
Deepak Nitrite's earnings are expected to grow by 9.6% yearly, however this is not considered high growth (20% yearly).
Deepak Nitrite's revenue growth is positive but not above the India market average.
Deepak Nitrite's earnings growth is positive but not above the India market average.
Deepak Nitrite's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Earnings per Share Growth Estimates
Future Return on Equity
Deepak Nitrite is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
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Past Performance
How has Deepak Nitrite performed over the past 5 years?
34.0%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Deepak Nitrite has delivered over 20% year on year earnings growth in the past 5 years.
Deepak Nitrite's 1-year earnings growth exceeds its 5-year average (179.2% vs 34%)
Deepak Nitrite's earnings growth has exceeded the IN Chemicals industry average in the past year (179.2% vs 9.2%).
Return on Equity
Whilst Deepak Nitrite has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
Return on Assets
Deepak Nitrite used its assets more efficiently than the IN Chemicals industry average last year based on Return on Assets.
Return on Capital Employed
Deepak Nitrite has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
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Financial Health
How is Deepak Nitrite's financial position?
Financial Position Analysis
Deepak Nitrite is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
Deepak Nitrite's cash and other short term assets cover its long term commitments.
Debt to Equity History and Analysis
Deepak Nitrite's level of debt (110.7%) compared to net worth is high (greater than 40%).
The level of debt compared to net worth has been reduced over the past 5 years (165.1% vs 110.7% today).
Debt is not well covered by operating cash flow (5.4%, less than 20% of total debt).
Interest payments on debt are well covered by earnings (EBIT is 5.7x coverage).
Balance Sheet
High level of physical assets or inventory.
Debt is covered by short term assets, assets are 1x debt.
Next Steps
Dividend
What is Deepak Nitrite's current dividend yield, its reliability and sustainability?
1.58%
Expected Dividend Yield
Dividend Yield and Payments Analysis
Deepak Nitrite's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.65%).
Deepak Nitrite's dividend is below the markets top 25% of dividend payers in India (2.67%).
Dividends per share have been stable in the past 10 years.
Dividends per share have increased over the past 10 years.
Current Payout to Shareholders
Dividends paid are thoroughly covered by earnings (10.5x coverage).
Future Payout to Shareholders
Dividends after 3 years are expected to be well covered by earnings (6x coverage).
Next Steps
Management
What is the CEO of Deepak Nitrite's salary, the management and board of directors tenure and is there insider trading?
5.3yrs
Average management tenure
CEO
Umesh Asaikar (64yo)
10.9yrs
Tenure
₹58,886,000
Compensation
Mr. Umesh M. Asaikar has been the Chief Executive Officer of Deepak Nitrite Limited. since September 2008 and has been its Executive Director since May 9, 2013. Mr. Asaikar served as an Executive officer ...
CEO Compensation Analysis
Umesh's remuneration is higher than average for companies of similar size in India.
Umesh's compensation has been consistent with company performance over the past year, both up more than 20%.
Management Age and Tenure
5.3yrs
Average Tenure
59yo
Average Age
The average tenure for the Deepak Nitrite management team is over 5 years, this suggests they are a seasoned and experienced team.
Board Age and Tenure
3.1yrs
Average Tenure
63.5yo
Average Age
The tenure for the Deepak Nitrite board of directors is about average.
Insider Trading
No 3 month open market individual insider trading information.
Recent Insider Transactions
| Entity | Company |
| Shares | 21,000 |
| Max Price | ₹229.98 |
Ownership Breakdown
Management Team
Deepak Mehta (63yo)
Chairman & MD
- Tenure: 3.0yrs
- Compensation: ₹90.66m
Sanjay Upadhyay (58yo)
Director of Finance
- Tenure: 2.3yrs
- Compensation: ₹29.44m
Jaydip Chowdhury
Head of Corporate Affairs & Communications
- Tenure: 0.0yrs
Umesh Asaikar (64yo)
CEO & Executive Director
- Tenure: 10.9yrs
- Compensation: ₹58.89m
Pramod Garg (61yo)
President of Bulk Chemicals & Commodities
- Tenure: 0.0yrs
- Compensation: ₹8.45m
Maulik Mehta (36yo)
Associate VP & Whole-Time Director
- Tenure: 3.3yrs
- Compensation: ₹17.11m
Arvind Bajpai (47yo)
Company Secretary & Compliance Officer
- Tenure: 5.3yrs
Girish Satarkar (55yo)
President of Bulk Chemicals
- Tenure: 0.0yrs
- Compensation: ₹7.42m
Nilesh Dave (61yo)
Vice President of Human Resources
- Tenure: 0.0yrs
Jagdeep Vyas (59yo)
Senior General Manager of Accounts & Taxation
- Tenure: 0.0yrs
Board Members
Deepak Mehta (63yo)
Chairman & MD
- Tenure: 3.0yrs
- Compensation: ₹90.66m
Chimanlal Mehta (87yo)
Chairman Emeritus
- Tenure: 3.0yrs
- Compensation: ₹160.00k
Ajay Mehta (60yo)
Non-Executive Director
- Tenure: 1.7yrs
- Compensation: ₹120.00k
Sudhir Mankad (72yo)
Independent Director
- Tenure: 10.3yrs
- Compensation: ₹1.29m
Sanjay Upadhyay (58yo)
Director of Finance
- Tenure: 2.3yrs
- Compensation: ₹29.44m
Sudhin Choksey (65yo)
Independent Director
- Tenure: 14.4yrs
- Compensation: ₹1.27m
Sanjay Asher (56yo)
Independent Director
- Tenure: 0.3yrs
Umesh Asaikar (64yo)
CEO & Executive Director
- Tenure: 10.9yrs
- Compensation: ₹58.89m
Sandesh Anand (77yo)
Independent Director
- Tenure: 7.8yrs
- Compensation: ₹2.86m
Maulik Mehta (36yo)
Associate VP & Whole-Time Director
- Tenure: 3.3yrs
- Compensation: ₹17.11m
Company Information
Deepak Nitrite Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Deepak Nitrite Limited
- Ticker: 506401
- Exchange: BSE
- Founded: 1970
- Industry: Commodity Chemicals
- Sector: Materials
- Market Cap: ₹35.503b
- Shares outstanding: 136.39m
- Website: https://www.godeepak.com
Number of Employees
Location
- Deepak Nitrite Limited
- Aaditya-I
- Chhani Road
- Vadodara
- Gujarat
- 390024
- India
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 506401 | BSE (Mumbai Stock Exchange) | Yes | Equity Shares | IN | INR | Jul 1995 |
| DEEPAKNI | NSEI (National Stock Exchange of India) | Yes | Equity Shares | IN | INR | Jul 1995 |
Biography
Deepak Nitrite Limited manufactures and sells basic chemicals, fine and speciality chemicals, performance products, and phenolics in India. The company's Basic Chemicals segments offers intermediates for c ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/08/23 12:41 |
| End of Day Share Price | 2019/08/23 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2019/03/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.