Deepak Nitrite Limited

BSE:506401 Stock Report

Market Cap: ₹258.9b

Deepak Nitrite Valuation

Is 506401 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 506401 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
₹2.67k
Fair Value
28.3% undervalued intrinsic discount
17
Number of Analysts

Below Fair Value: 506401 (₹1912.3) is trading below our estimate of fair value (₹2667.43)

Significantly Below Fair Value: 506401 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 506401?

Key metric: As 506401 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 506401. This is calculated by dividing 506401's market cap by their current earnings.
What is 506401's PE Ratio?
PE Ratio37.1x
Earnings₹6.97b
Market Cap₹258.91b

Price to Earnings Ratio vs Peers

How does 506401's PE Ratio compare to its peers?

The above table shows the PE ratio for 506401 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average49.4x
500770 Tata Chemicals
116.7x41.13%₹235.7b
500870 Castrol India
22.2x8.69%₹209.4b
500184 Himadri Speciality Chemical
41.7x18.63%₹231.8b
500165 Kansai Nerolac Paints
17.2x-17.49%₹196.1b
506401 Deepak Nitrite
37.1x15.88%₹258.9b

Price-To-Earnings vs Peers: 506401 is good value based on its Price-To-Earnings Ratio (37.1x) compared to the peer average (49.4x).

Price to Earnings Ratio vs Industry

How does 506401's PE Ratio compare vs other companies in the IN Chemicals Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
NAGAFERT Nagarjuna Fertilizers and Chemicals
0.1xn/aUS$40.02m
UNIVPHOTO Universus Photo Imagings
3.1xn/aUS$31.59m
500449 Hindustan Organic Chemicals
0.6xn/aUS$29.33m
509910 Southern Gas
0.04xn/aUS$6.16k
No more companies available in this PE range
506401 37.1xIndustry Avg. 27.6xNo. of Companies44PE020406080100+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 506401 is expensive based on its Price-To-Earnings Ratio (37.1x) compared to the Indian Chemicals industry average (27.9x).

Price to Earnings Ratio vs Fair Ratio

What is 506401's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

506401 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio37.1x
Fair PE Ratio29.9x

Price-To-Earnings vs Fair Ratio: 506401 is expensive based on its Price-To-Earnings Ratio (37.1x) compared to the estimated Fair Price-To-Earnings Ratio (29.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 506401 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹1,912.30
₹2,140.65
+11.94%
11.80%₹2,565.00₹1,650.00n/a17
Jun ’26₹2,027.75
₹2,140.65
+5.57%
11.80%₹2,565.00₹1,650.00n/a17
May ’26₹1,932.05
₹2,095.94
+8.48%
12.67%₹2,421.00₹1,438.00n/a17
Apr ’26₹1,986.15
₹2,152.18
+8.36%
12.08%₹2,596.00₹1,488.00n/a17
Mar ’26₹1,853.40
₹2,166.82
+16.91%
12.72%₹2,596.00₹1,488.00n/a17
Feb ’26₹2,326.25
₹2,621.94
+12.71%
15.82%₹3,330.00₹1,704.00n/a17
Jan ’26₹2,498.35
₹2,664.44
+6.65%
16.27%₹3,330.00₹1,656.00n/a16
Dec ’25₹2,726.95
₹2,664.44
-2.29%
16.27%₹3,330.00₹1,656.00n/a16
Nov ’25₹2,645.80
₹2,845.13
+7.53%
15.83%₹3,444.00₹1,625.00n/a16
Oct ’25₹2,956.65
₹2,852.63
-3.52%
15.61%₹3,444.00₹1,625.00n/a16
Sep ’25₹2,910.60
₹2,847.20
-2.18%
15.50%₹3,444.00₹1,625.00n/a15
Aug ’25₹3,087.15
₹2,534.80
-17.89%
14.01%₹3,100.00₹1,497.00n/a15
Jul ’25₹2,615.50
₹2,472.13
-5.48%
12.92%₹2,957.00₹1,497.00n/a15
Jun ’25₹2,189.40
₹2,472.13
+12.91%
12.92%₹2,957.00₹1,497.00₹2,027.7515
May ’25₹2,428.55
₹2,279.80
-6.13%
14.86%₹2,655.00₹1,497.00₹1,932.0515
Apr ’25₹2,141.15
₹2,290.25
+6.96%
14.65%₹2,655.00₹1,448.00₹1,986.1516
Mar ’25₹2,221.20
₹2,276.27
+2.48%
15.03%₹2,655.00₹1,448.00₹1,853.4015
Feb ’25₹2,251.80
₹2,270.07
+0.81%
11.30%₹2,600.00₹1,625.00₹2,326.2514
Jan ’25₹2,474.75
₹2,213.54
-10.56%
10.18%₹2,520.00₹1,625.00₹2,498.3513
Dec ’24₹2,213.65
₹2,212.50
-0.052%
10.44%₹2,520.00₹1,558.00₹2,726.9514
Nov ’24₹1,960.00
₹2,198.71
+12.18%
11.47%₹2,535.00₹1,558.00₹2,645.8014
Oct ’24₹2,121.05
₹2,115.79
-0.25%
14.34%₹2,535.00₹1,460.00₹2,956.6514
Sep ’24₹2,224.15
₹2,103.29
-5.43%
13.82%₹2,426.00₹1,460.00₹2,910.6014
Aug ’24₹2,044.20
₹2,183.75
+6.83%
14.92%₹2,650.00₹1,460.00₹3,087.1512
Jul ’24₹2,173.45
₹2,168.67
-0.22%
16.49%₹2,650.00₹1,460.00₹2,615.5012
Jun ’24₹2,075.50
₹2,171.67
+4.63%
16.28%₹2,650.00₹1,460.00₹2,189.4012
AnalystConsensusTarget
Consensus Narrative from 17 Analysts
₹2.14k
Fair Value
10.7% undervalued intrinsic discount
17
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/06/13 10:13
End of Day Share Price 2025/06/13 00:00
Earnings2025/03/31
Annual Earnings2025/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Deepak Nitrite Limited is covered by 31 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kumar Saumya SinghAmbit Capital
Nitin BhasinAmbit Capital
null nullAsian Markets Securities Private Limited