Deepak Nitrite Limited

NSEI:DEEPAKNTR Stock Report

Mkt Cap: ₹256.4b

We’ve recently updated our valuation analysis.

Deepak Nitrite Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

DEEPAKNTR key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue3.3x
Enterprise Value/EBITDA18.1x
PEG Ratio1.2x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for DEEPAKNTR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average40.4x
SUPREMEIND Supreme Industries
38.7x20.4%₹321.2b
500770 Tata Chemicals
12.5x1.1%₹247.9b
500165 Kansai Nerolac Paints
54x22.0%₹228.2b
CARBORUNIV Carborundum Universal
56.6x21.5%₹184.8b
DEEPAKNTR Deepak Nitrite
27.9x24.1%₹256.4b

Price-To-Earnings vs Peers: DEEPAKNTR is good value based on its Price-To-Earnings Ratio (27.9x) compared to the peer average (40.4x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a17.5%
n/an/an/a

Price-To-Earnings vs Industry: DEEPAKNTR is expensive based on its Price-To-Earnings Ratio (28.7x) compared to the Indian Chemicals industry average (19.6x)


Price to Earnings Ratio vs Fair Ratio

What is DEEPAKNTR'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.

DEEPAKNTR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio27.9x
Fair PE Ratio26.6x

Price-To-Earnings vs Fair Ratio: DEEPAKNTR is expensive based on its Price-To-Earnings Ratio (27.9x) compared to the estimated Fair Price-To-Earnings Ratio (26.6x).


Share Price vs Fair Value

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

Below Fair Value: DEEPAKNTR (₹1880.05) is trading above our estimate of fair value (₹1001.22)

Significantly Below Fair Value: DEEPAKNTR is trading above our estimate of fair value.


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 DEEPAKNTR forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹1,880.05
₹2,240.45
+19.2%
17.1%₹2,845.00₹1,514.00n/a11
Jan ’24₹1,985.30
₹2,284.00
+15.0%
18.8%₹2,845.00₹1,514.00n/a10
Dec ’23₹2,165.60
₹2,326.50
+7.4%
21.0%₹3,011.00₹1,514.00n/a10
Nov ’23₹2,325.45
₹2,371.44
+2.0%
23.7%₹3,127.00₹1,514.00n/a9
Oct ’23₹2,036.00
₹2,371.44
+16.5%
23.7%₹3,127.00₹1,514.00n/a9
Sep ’23₹2,005.30
₹2,424.90
+20.9%
21.6%₹3,127.00₹1,514.00n/a10
Aug ’23₹1,974.20
₹2,454.30
+24.3%
20.4%₹3,127.00₹1,514.00n/a10
Jul ’23₹1,722.95
₹2,542.82
+47.6%
18.6%₹3,127.00₹1,514.00n/a11
Jun ’23₹2,012.80
₹2,491.25
+23.8%
19.5%₹3,127.00₹1,514.00n/a12
May ’23₹2,326.60
₹2,572.00
+10.5%
18.1%₹3,125.00₹1,514.00n/a11
Apr ’23₹2,300.40
₹2,564.36
+11.5%
18.1%₹3,125.00₹1,514.00n/a11
Mar ’23₹1,999.05
₹2,564.36
+28.3%
18.1%₹3,125.00₹1,514.00n/a11
Feb ’23₹2,264.30
₹2,548.50
+12.6%
19.0%₹3,125.00₹1,514.00n/a10
Jan ’23₹2,490.20
₹2,413.38
-3.1%
15.7%₹2,844.00₹1,745.00₹1,985.308
Dec ’22₹2,151.45
₹2,370.67
+10.2%
15.9%₹2,844.00₹1,745.00₹2,165.609
Nov ’22₹2,302.90
₹2,241.71
-2.7%
14.6%₹2,660.00₹1,745.00₹2,325.457
Oct ’22₹2,382.45
₹2,226.00
-6.6%
11.9%₹2,635.00₹1,745.00₹2,036.007
Sep ’22₹2,304.45
₹2,226.00
-3.4%
11.9%₹2,635.00₹1,745.00₹2,005.307
Aug ’22₹2,039.20
₹2,036.83
-0.1%
10.1%₹2,350.00₹1,680.00₹1,974.206
Jul ’22₹1,882.35
₹2,007.67
+6.7%
9.6%₹2,300.00₹1,680.00₹1,722.956
Jun ’22₹1,760.35
₹1,949.20
+10.7%
7.9%₹2,145.00₹1,680.00₹2,012.805
May ’22₹1,865.60
₹1,287.25
-31.0%
15.9%₹1,453.00₹938.00₹2,326.604
Apr ’22₹1,646.75
₹1,287.25
-21.8%
15.9%₹1,453.00₹938.00₹2,300.404
Mar ’22₹1,563.75
₹1,287.25
-17.7%
15.9%₹1,453.00₹938.00₹1,999.054
Feb ’22₹990.45
₹1,077.00
+8.7%
14.6%₹1,300.00₹920.00₹2,264.304
Jan ’22₹987.85
₹930.50
-5.8%
2.6%₹965.00₹899.00₹2,490.204

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


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