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Deepak Nitrite Q2 FY27 Share Price & Earnings Call Analysis

₹1,476.00-0.81% today
Market cap
₹20,143 Cr
P/E
25.43
ROE
9.82%
PEG
-1.92
Price to sales
2.34
Debt to equity
0.28
52W high / low
₹1,898 / ₹1,280
Sales growth (5Y)
12.59%
EBITDA margin
15.53%
Net profit margin
6.99%
Promoter holding
49.39%
Sales (last year)
₹8,575 Cr

Incorporated in 1970, Deepak Nitrite Ltd manufactures Basic Intermediates, Fine & Speciality Chemicals, Performance Products, and Phenolics[1]

Guidance scorecard · Q2 FY27 call

What Deepak Nitrite Ltd's management guided
and where it ranks in Chemicals & Petrochemicals

#16of 71 in
Chemicals & Petrochemicals
Revenue20–40%MarginsFlatCapexPlannedFundraisingPlannedOrder bookWhat management said

RevenueQ1 FY27 call

20–40%
  • Strong start to FY27 with record quarterly revenue of INR 2,592 crore, a 35% YoY and 22% QoQ growth.
  • Increasing volumes supported by improved demand across key end-user industries and new product introductions.
  • Capacity expansion in phenol plant targeting a run rate of 4 lakh tonnes annually; aiming to reach 1 lakh tonnes quarterly phenol production.
  • Ongoing commissioning of MIBK, MIBC, acetophenone projects to broaden product basket and support margin expansion.
  • Focus on value-added products in Advanced Intermediates with improved margins expected.
  • Continued ramp-up of recently commissioned assets and expected higher asset utilization.
  • Domestic business remains resilient with 85% revenue, exports growing steadily.

2 more points from Deepak Nitrite Ltd's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what Deepak Nitrite Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • Ongoing capex of approximately INR 3,500 crore planned for the current year focused on site development, construction, and setting up imported assets.
  • Total capex spent till now (last year and this year combined) around INR 3,000 crore; additional INR 3,000 crore planned for 2027-28.
  • INR 11,500 crore capex for integrated propylene and polycarbonate project funded with 60:40 debt-to-equity ratio; debt funding already tied up at competitive rates.
  • Approximately INR 1,200 crore already spent this year; pending capex of INR 1,000-1,500 crore this year.
  • Investments include debottlenecking and capacity expansions in phenol plant (aiming for 4 lakh tonnes), commissioning of acetophenone facility, and commissioning hydrogenation and nitration facilities.

2 more points from Deepak Nitrite Ltd's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

Planned

See what Deepak Nitrite Ltd said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

Ask what Deepak Nitrite Ltd said on the order book →

Full Q1 FY27 analysis
Full Chemicals & Petrochemicals ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Chemicals & Petrochemicals
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Deepak Nitrite Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Chemicals & Petrochemicals companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 0–2%₹263 Cr3.4
240%+Flat₹4,375 Cr83.7
340%+Flat₹3,259 Cr4.0
440%+Flat₹145 Cr15.9
520–40%Up 2%+₹1.81L Cr90.9
620–40%Up 2%+₹48,366 Cr78.3

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Pro shows every company guiding 40%+ revenue growth →Full Chemicals & Petrochemicals ranking

Financials of Deepak Nitrite Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Deepak Nitrite Ltd

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +49.13%49.13%49.24%49.24%49.24%49.28%49.28%49.28%49.33%49.33%49.34%49.39%
FIIs +6.48%6.72%6.86%6.68%6.59%6.64%6.68%6.21%6.06%6.19%6.24%6.40%
DIIs +18.87%19.27%21.20%22.30%23.22%23.22%22.61%22.70%23.20%23.46%23.76%22.50%
Public +25.52%24.87%22.70%21.79%20.94%20.84%21.42%21.82%21.42%21.01%20.65%21.71%
No. of Shareholders5,34,1155,02,2504,51,1984,22,3984,10,7494,09,9704,16,2584,19,3674,08,5603,96,7983,82,9053,81,215

Pros & Cons

Deepak Nitrite Ltd

Key positives and risks surfaced from the company insights section.

Pros
  • Company has a low return on equity of 12.8% over last 3 years.
  • Company might be capitalizing the interest cost
Raw Insights
  • Company has a low return on equity of 12.8% over last 3 years.
  • Company might be capitalizing the interest cost

Financials of Deepak Nitrite Ltd

Quarterly Results

Quarter-by-quarter operating performance

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales +1,7681,7782,0092,1262,1672,0321,9032,1801,8901,9021,9752,1202,578
Expenses +1,5591,4761,7051,8251,8581,7341,7351,8631,7001,6981,7641,7442,037
Operating Profit210302305301309298169317190204211376540
OPM %12%17%15%14%14%15%9%15%10%11%11%18%21%
Other Income +32171499192121232520-4714
Interest2334666988111923
Depreciation38394246474848515153586364
Profit before tax202277274349275264135279155163138301468
Tax %26%26%26%27%26%26%27%27%27%27%28%27%26%
Net Profit +15020520225420319498202112119100220345
EPS in Rs10.9915.0414.8118.6114.8514.247.1914.848.238.707.3216.1125.30

Financials of Deepak Nitrite Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +1,3271,3731,3711,6512,7004,2304,3606,8027,9727,6828,2827,8878,575
Expenses +1,1871,2041,2311,4472,2783,1943,1085,1966,6806,5557,1876,9007,243
Operating Profit1401691392044211,0351,2521,6071,2921,1271,0959871,331
OPM %11%12%10%12%16%24%29%24%16%15%13%13%16%
Other Income +1-08071129204246156844436
Interest384037478711877362715314961
Depreciation3640485378140153178166166195225237
Profit before tax67891351112688061,0421,4341,1461,1029537571,070
Tax %21%29%28%29%35%24%26%26%26%26%27%27%
Net Profit +536396791746117761,067852811697551783
EPS in Rs5.065.397.375.7912.7344.8056.8878.2062.4759.4551.1240.3657.43
Dividend Payout %20%22%16%22%16%10%10%9%12%13%15%19%

Financials of Deepak Nitrite Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital212326272727272727272727
Reserves3254506898951,0441,5452,3193,3114,0634,7695,3615,810
Borrowings +5455297249871,1871,107590315732861,2671,638
Other Liabilities +2352953506846775386307799671,0121,0531,180
Total Liabilities1,1251,2961,7892,5922,9353,2173,5674,4325,1296,0957,7088,654
Fixed Assets +5495945865881,7161,8321,8641,9631,9422,2932,4573,270
CWIP4436349955341722201223017741,6491,828
Investments3871183222189439379122511213
Other Assets +5305807361,0181,1831,2101,2931,9082,5082,9073,0913,343
Total Assets1,1251,2961,7892,5922,9353,2173,5674,4325,1296,0957,7088,654

Financials of Deepak Nitrite Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +10816749183607651,002824650874625539
Cash from Investing Activity +-89-169-353-525-163-428-396-424-276-717-1,489-669
Cash from Financing Activity +-22430534596-338-599-386-35944806193
Net Cash Flow-3214-6-171415200-5964
Free Cash Flow1881-192-438-194349788638290110-494-658
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit87%110%47%103%28%93%99%73%70%101%77%74%

Financials of Deepak Nitrite Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days868396917853636160625670
Inventory Days4754751189463645362545957
Days Payable48599517610657724646383335
Cash Conversion Cycle857976326659566776778292
Working Capital Days-3-28-49-293533575770706461
ROCE %14%8%10%17%38%40%44%30%22%16%11%

Guidance history

How Deepak Nitrite Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →20–40%FlatPlannedPlanned—
Q4 FY26 call →10–20%Up 2%+PlannedPlanned—
Q3 FY26 call →10–20%FlatPlanned——
Q2 FY26 call →10–20%Up 0–2%PlannedPlanned—

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

18out of 100

Momentum score · price trend

18 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−15.5%42%
Last 6 months−15.0%27%
Last 3 months−10.2%39%

The price is 52.3% below its all-time high of ₹3,095.35 (2 Aug 2024). Stocks more than 20% below their peak have their score halved, so 36 became 18.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Deepak Nitrite Ltd: 0.4 × 42 + 0.4 × 27 + 0.2 × 39 = 36, halved to 18 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

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