Deepak Nitrite Ltd, incorporated in 1970 and headquartered in Vadodara, Gujarat, is a flagship company of the Deepak Group and a global leader in chemical manufacturing. The company operates across three primary segments: Basic Chemicals, Fine & Specialty Chemicals, and Performance Products, catering to industries like agrochemicals, pharmaceuticals, textiles, and detergents. With state-of-the-art manufacturing facilities in Gujarat, Maharashtra, and Telangana, Deepak Nitrite emphasizes sustainability, safety, and environmental management, actively reducing its carbon footprint and enhancing energy efficiency. Through the Deepak Foundation, it contributes to healthcare, education, and rural development under its CSR initiatives. Listed on the BSE and NSE, the company showcases robust financial performance, bolstered by a diverse portfolio and strong market presence. Recognized for innovation and sustainability, Deepak Nitrite is a trusted name in the global chemical industry.
Latest News on Deepak Nitrite
Deepak Nitrite Ltd has unveiled a ₹5,000 crore investment plan to establish a state-of-the-art polycarbonate production facility in Dahej, Gujarat, marking a significant step in its diversification strategy. The plant, with an annual capacity of 165,000 metric tonnes, will cater to high-demand industries such as automotive, electronics, and construction, reducing India’s reliance on imports. Scheduled for commissioning by the fourth quarter of FY 2028, this facility will leverage advanced, environmentally sustainable technologies. Strategically located to optimize logistics and costs, the project aligns with the “Make in India” initiative, promising to enhance domestic manufacturing capabilities. This ambitious venture is expected to drive significant revenue growth, bolster the company’s market presence, and reaffirm its commitment to innovation and sustainability.
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | |
| Promoters + | 49.13% | 49.13% | 49.13% | 49.24% | 49.24% |
| FIIs + | 6.47% | 6.48% | 6.72% | 6.86% | 6.68% |
| DIIs + | 17.96% | 18.87% | 19.27% | 21.20% | 22.30% |
| Public + | 26.45% | 25.52% | 24.87% | 22.70% | 21.79% |
| No. of Shareholders | 5,72,562 | 5,34,115 | 5,02,250 | 4,51,198 | 4,22,398 |
Deepak Nitrite’s shareholding patterns reflect a stable and strategic distribution among various investor categories. Promoters consistently maintained a majority stake, increasing slightly from 49.13% in September 2023 to 49.24% by June 2024, showcasing their continued confidence in the company. Foreign Institutional Investors (FIIs) saw modest growth, rising from 6.47% in September 2023 to a peak of 6.86% in June 2024 before slightly reducing to 6.68% by September 2024. Domestic Institutional Investors (DIIs) displayed significant interest, with their holdings climbing steadily from 17.96% in September 2023 to 22.30% in September 2024. Conversely, public shareholding declined from 26.45% in September 2023 to 21.79% by September 2024, indicating a consolidation of shares among larger investors. Additionally, the number of shareholders decreased from 5,72,562 in September 2023 to 4,22,398 by September 2024, suggesting a trend toward concentrated ownership. These patterns highlight Deepak Nitrite’s growing appeal among institutional investors and a shift toward long-term strategic holdings.
Below are the trading platforms that you can use to purchase Deepak Nitrite shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| December 2024 | 2,826.05 | 2,457.44 |
By December 2024, the maximum price of Deepak Nitrite is expected to reach ₹2,826.05, while the minimum price is anticipated to stand at ₹2,457.44.
| When | Maximum Price | Minimum Price |
| January 2025 | 2,854.31 | 2,195.63 |
| February 2025 | 2,883.15 | 2,217.80 |
| March 2025 | 2,943.69 | 2,264.38 |
| April 2025 | 2,914.55 | 2,241.96 |
| May 2025 | 2,829.66 | 2,176.66 |
| June 2025 | 2,956.99 | 2,274.61 |
| July 2025 | 2,899.01 | 2,230.01 |
| August 2025 | 2,988.67 | 2,298.98 |
| September 2025 | 3,024.54 | 2,326.57 |
| October 2025 | 3,103.17 | 2,387.06 |
| November 2025 | 3,180.75 | 2,446.73 |
| December 2025 | 3,323.89 | 2,556.84 |
As we move through 2025, Deepak Nitrite’s stock prices are expected to show steady growth. Starting in January with a maximum of ₹2,854.31 and a minimum of ₹2,195.63, the prices may gradually increase to ₹3,103.17 and ₹2,387.06 by October. The year is projected to close strongly in December, reaching a maximum of ₹3,323.89 and a minimum of ₹2,556.84, reflecting the company’s consistent market performance.
| When | Maximum Price | Minimum Price |
| January 2026 | 3,423.60 | 2,633.54 |
| February 2026 | 3,338.01 | 2,567.70 |
| March 2026 | 3,404.77 | 2,619.06 |
| April 2026 | 3,474.26 | 2,672.51 |
| May 2026 | 3,439.86 | 2,646.05 |
| June 2026 | 3,525.86 | 2,712.20 |
| July 2026 | 3,456.72 | 2,659.02 |
| August 2026 | 3,563.63 | 2,741.25 |
| September 2026 | 3,634.90 | 2,796.08 |
| October 2026 | 3,729.41 | 2,868.78 |
| November 2026 | 3,822.65 | 2,940.50 |
| December 2026 | 3,918.21 | 3,014.01 |
| When | Maximum Price | Minimum Price |
| January 2027 | 3,957.39 | 3,044.15 |
| February 2027 | 4,058.87 | 3,122.20 |
| March 2027 | 4,217.16 | 3,243.97 |
| April 2027 | 4,134.47 | 3,180.36 |
| May 2027 | 4,014.05 | 3,087.73 |
| June 2027 | 4,194.68 | 3,226.68 |
| July 2027 | 4,112.43 | 3,163.41 |
| August 2027 | 4,239.62 | 3,261.25 |
| September 2027 | 4,388.01 | 3,375.39 |
| October 2027 | 4,502.10 | 3,463.15 |
| November 2027 | 4,614.65 | 3,549.73 |
| December 2027 | 4,730.02 | 3,638.47 |
| When | Maximum Price | Minimum Price |
| January 2028 | 4,824.62 | 3,711.24 |
| February 2028 | 4,948.33 | 3,806.40 |
| March 2028 | 5,141.31 | 3,954.85 |
| April 2028 | 5,040.50 | 3,877.31 |
| May 2028 | 4,893.69 | 3,764.38 |
| June 2028 | 5,113.91 | 3,933.77 |
| July 2028 | 5,013.63 | 3,856.64 |
| August 2028 | 5,168.69 | 3,975.92 |
| September 2028 | 5,349.60 | 4,115.08 |
| October 2028 | 5,488.69 | 4,222.07 |
| November 2028 | 5,625.90 | 4,327.62 |
| December 2028 | 5,766.55 | 4,435.81 |
| When | Maximum Price | Minimum Price |
| January 2029 | 5,881.88 | 4,524.53 |
| February 2029 | 6,032.70 | 4,640.54 |
| March 2029 | 6,267.98 | 4,821.52 |
| April 2029 | 6,145.07 | 4,726.98 |
| May 2029 | 5,966.09 | 4,589.30 |
| June 2029 | 6,234.57 | 4,795.82 |
| July 2029 | 6,112.32 | 4,701.78 |
| August 2029 | 6,301.36 | 4,847.20 |
| September 2029 | 6,521.91 | 5,016.85 |
| October 2029 | 6,691.48 | 5,147.29 |
| November 2029 | 6,858.76 | 5,275.97 |
| December 2029 | 7,030.23 | 5,407.87 |
| When | Maximum Price | Minimum Price |
| January 2030 | 7,170.84 | 5,516.03 |
| February 2030 | 7,354.71 | 5,657.47 |
| March 2030 | 7,641.54 | 5,878.11 |
| April 2030 | 7,491.71 | 5,762.85 |
| May 2030 | 7,273.50 | 5,595.00 |
| June 2030 | 7,600.81 | 5,846.78 |
| July 2030 | 7,451.77 | 5,732.13 |
| August 2030 | 7,682.24 | 5,909.42 |
| September 2030 | 7,951.12 | 6,116.24 |
| October 2030 | 8,157.85 | 6,275.27 |
| November 2030 | 8,361.79 | 6,432.15 |
| December 2030 | 8,570.84 | 6,592.95 |
In 2030, Deepak Nitrite’s stock prices are expected to showcase a steady upward trend. As we step into January, the maximum price may reach ₹7,170.84, with a minimum of ₹5,516.03. Progressing through the year, February might witness prices rising to ₹7,354.71 and ₹5,657.47. By March, the maximum could climb to ₹7,641.54, with a minimum of ₹5,878.11. As we move into the second half of the year, prices are anticipated to strengthen further, with September reaching ₹7,951.12 and ₹6,116.24. The year is likely to close on a robust note in December, with the maximum price projected at ₹8,570.84 and the minimum at ₹6,592.95, reflecting Deepak Nitrite’s strong market position.
Financial Condition of Deepak Nitrite
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 4,230 | 4,360 | 6,802 | 7,972 | 7,682 | 8,334 |
| Expenses + | 3,194 | 3,108 | 5,196 | 6,680 | 6,555 | 7,122 |
| Operating Profit | 1,035 | 1,252 | 1,607 | 1,292 | 1,127 | 1,212 |
| OPM % | 24% | 29% | 24% | 16% | 15% | 15% |
| Other Income + | 29 | 20 | 42 | 46 | 156 | 153 |
| Interest | 118 | 77 | 36 | 27 | 15 | 19 |
| Depreciation | 140 | 153 | 178 | 166 | 166 | 184 |
| Profit before tax | 806 | 1,042 | 1,434 | 1,146 | 1,102 | 1,162 |
| Tax % | 24% | 26% | 26% | 26% | 26% | |
| Net Profit + | 611 | 776 | 1,067 | 852 | 811 | 853 |
| EPS in Rs | 44.8 | 56.88 | 78.2 | 62.47 | 59.45 | 62.51 |
| Dividend Payout % | 10% | 10% | 9% | 12% | 13% |
Deepak Nitrite has showcased a dynamic financial performance over recent years, reflecting both growth and resilience. Sales have consistently increased, rising from ₹4,230 crore in March 2020 to ₹8,334 crore in the trailing twelve months (TTM) ending in 2024. However, operating margins (OPM) have seen fluctuations, peaking at 29% in March 2021 and settling at 15% in TTM 2024 due to rising expenses.
Net profit has also experienced growth, climbing from ₹611 crore in 2020 to ₹853 crore in TTM 2024, supported by a surge in other income, particularly in recent years. Earnings per share (EPS) have mirrored this trend, increasing from ₹44.8 in 2020 to ₹62.51 in TTM 2024. Deepak Nitrite has maintained a prudent approach to dividend payouts, which rose from 10% in 2020 to 13% in 2024, demonstrating a balanced strategy of rewarding shareholders while reinvesting for future growth. This financial trajectory underscores the company’s robust operations and market adaptability.
FAQs
What is Deepak Nitrite’s current market capitalization?
Deepak Nitrite’s current market capitalization is ₹36,905 Crores.
The current share price target for Deepak Nitrite is ₹2,706.
Deepak Nitrite’s share price targets for 2025 range from ₹2,556.84 to ₹3,323.89 by December.
Deepak Nitrite’s share price targets for 2030 range from ₹6,592.95 to ₹8,570.84 by December.
What is the current Price/Earnings (P/E) ratio of Deepak Nitrite?
Deepak Nitrite’s current Price/Earnings (P/E) ratio is 46.4.
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Concluding Insights: Deepak Nitrite’s Path to Success
In conclusion, Deepak Nitrite Ltd has shown strong growth and stability, maintaining a solid position in the global chemical manufacturing industry. Its diverse product portfolio catering to key sectors such as agrochemicals, pharmaceuticals, and textiles has ensured robust financial performance. The company’s strategic investments, including a ₹5,000 crore polycarbonate production facility, alongside a focus on sustainability and innovation, place it in a strong position for future growth. With increasing institutional investor interest and steady revenue and profitability, Deepak Nitrite’s share price is projected to rise consistently from by the end of 2024 to 2030, with an expected peak of ₹8,570.84 in December 2030, reflecting its long-term growth potential.
What did we learn?
- 1 Latest News on Deepak Nitrite
- 2 Shareholdings Patterns of Deepak Nitrite
- 3 How to Purchase Deepak Nitrite Shares in India?
- 4 Deepak Nitrite Share Price Prediction 2024 – 2030
- 4.1 Deepak Nitrite Share Price Target 2024
- 4.2 Deepak Nitrite Share Price Target 2025
- 4.3 Deepak Nitrite Share Price Target 2026
- 4.4 Deepak Nitrite Share Price Prediction 2027
- 4.5 Deepak Nitrite Share Price Target 2028
- 4.6 Deepak Nitrite Share Price Prediction 2029
- 4.7 Deepak Nitrite Share Price Target 2030
- 5 Financial Condition of Deepak Nitrite
- 6 FAQs
- 6.1 What is Deepak Nitrite’s current market capitalization?
- 6.2 What is the current share price target for Deepak Nitrite?
- 6.3 What is Deepak Nitrite’s share price target for 2025?
- 6.4 What is Deepak Nitrite’s share price target for 2030?
- 6.5 What is the current Price/Earnings (P/E) ratio of Deepak Nitrite?
- 7 Concluding Insights: Deepak Nitrite’s Path to Success
