Loading…
Indian chemicals maker of basic chemicals (nitrites/nitrates), phenolics and specialty/fine chemicals.
Indian chemicals maker of basic chemicals (nitrites/nitrates), phenolics and specialty/fine chemicals.
A large integrated phenolics plant at Dahej in Gujarat turned the company from a nitrites specialist into a larger chemicals maker, selling phenol and acetone priced off global benchmarks. The older intermediates business is steadier, selling on contract to dye, pharma and agrochemical makers. The Mehta family are the promoters.
Moat: narrow (scale, process know-how). Backward integration into phenolics gives cost advantages, but commodity segments remain cyclical and competitive.
Headquarters: Vadodara, India · Founded: 1970 · Employees: 7,738
Size Deepak Nitrite (DEEPAKNTR.NS) is an India Materials company (Chemicals: Specialty) with a market value of $2.22B, the 352nd largest of 1,058 India companies the cockpit tracks. Shares closed at ₹1,534 on 6 Nov 2026.
Performance Over six months the shares fell 17.3%, against -14.1% for the median peer and 0.0% for the India market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue grew 25.1% over the last twelve months (peer median +5.9%); the operating margin is 14.2% (peer median 7.4%).
Valuation It trades at 16.5× forward earnings against a peer median of 14.1× (7th most expensive of 17).
Capital Return on invested capital runs 6.2 points below its cost of capital (19.0% WACC).
Next results Next results expected around 14 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹96.1B | ₹77.7B | ₹81.0B | ₹76.2B | ₹79.5B |
| Revenue growth | — | -4% | +6% | -4% | — |
| Gross profit | ₹19.5B | ₹10.2B | ₹11.2B | ₹12.9B | ₹14.7B |
| EBITDA | ₹16.1B | ₹8.89B | ₹9.44B | ₹11.3B | ₹13.0B |
| Net income | ₹10.6B | ₹5.51B | ₹6.97B | ₹8.11B | ₹8.52B |
| Free cash flow | n/a | -₹6.68B | -₹4.83B | ₹1.30B | ₹2.71B |
| Capital expenditure | n/a | ₹12.0B | ₹11.4B | ₹7.68B | ₹3.61B |
| Total debt | ₹17.6B | ₹16.4B | ₹12.7B | ₹2.86B | ₹729M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Deepak Nitrite DEEPAKNTR.NS | $2.22B | -17% | +25% | 14% | 16.5× | n/a |
| AARTI Industries AARTIIND.NS | $1.71B | -9% | +40% | 9% | 29.1× | n/a |
| Atul ATUL.NS | $1.63B | -26% | +18% | 12% | 19.7× | 18.2% |
| Srf SRF.NS | $7.67B | -11% | +20% | 19% | 30.3× | 25.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | DEEPAKNTR.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -1.3% | -7.7% | 5th highest of 21 |
| 6-month return | -17.3% | -14.1% | 9th lowest of 21 |
| Distance from 52-week high | -19.2% | -40.7% | 4th highest of 21 |
| Revenue growth (TTM) | +25.1% | +5.9% | 6th highest of 21 |
| Operating margin | 14.2% | 7.4% | 3rd highest of 20 |
| Forward P/E | 16.5× | 14.1× | 7th most expensive of 17 |
| ROIC minus cost of capital | -6.2 pp | -2.3 pp | 2nd lowest of 20 |
| EV / EBITDA | 13.9× | 7.1× | 2nd most expensive of 9 |
| Net debt / EBITDA | 0.9× | 1.7× | 3rd least indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Deepak Nitrite DEEPAKNTR.NS | India | $2.22B | -17% | +25% | 14% | 16.5× | n/a | n/a |
| Tinergy Chemical 002145.SZ | China | $2.23B | -15% | +17% | 9% | n/a | n/a | n/a |
| Epoxy Base Electronic Material 603002.SS | China | $2.19B | -7% | +73% | 7% | 71.6× | n/a | n/a |
| Rogers ROG | United States | $2.17B | -13% | +7% | 10% | 26.2× | 10.3% | +0.2% |
| Sinochem International 600500.SS | China | $2.27B | -7% | -5% | -1% | n/a | 11.9% | -2.7% |
| Zhejiang Yonghe Refrigerant 605020.SS | China | $2.17B | +5% | +25% | 18% | 13.3× | n/a | n/a |
| SKC 011790.KS | South Korea | $2.14B | -46% | +24% | -9% | n/a | n/a | n/a |
| Kaneka 4118.T | Japan | $2.30B | +23% | +4% | 5% | 11.6× | 4.9% | +7.0% |
| Shaanxi Beiyuan Chemical Industry 601568.SS | China | $2.11B | -9% | -8% | -4% | 11.8× | 11.8% | -1.8% |
| Ningbo Ronbay New Energy Technology 688005.SS | China | $2.05B | -45% | +41% | 1% | 37.8× | n/a | n/a |
| Dongyue 0189.HK | Hong Kong | $2.04B | -28% | +8% | 19% | 5.6× | -12.4% | +6.6% |
| Shanghai Huayi 600623.SS | China | $2.41B | -24% | +5% | n/a | 14.8× | -11.1% | +10.3% |
| Shandong Dongyue Silicone Material 300821.SZ | China | $2.43B | -11% | +13% | 13% | n/a | 20.7% | +8.6% |
| Daicel 4202.T | Japan | $2.48B | +24% | +2% | 7% | 11.1× | 6.1% | +8.1% |
| Bloomage Biotechnology 688363.SS | China | $2.49B | -16% | -22% | 5% | 55.6× | 20.8% | +9.8% |
| Ube 4208.T | Japan | $1.94B | +33% | +3% | 4% | 12.0× | n/a | n/a |
| Kemira KEMIRA.HE | Finland | $2.55B | -8% | -3% | 8% | 16.0× | 3.9% | +2.6% |
| Hubei Zhenhua Chemical 603067.SS | China | $2.56B | -35% | +31% | 11% | 23.6× | n/a | n/a |
| Chemours CC | United States | $1.92B | -45% | -1% | 3% | 8.2× | 16.1% | +3.2% |
| Guangdong Huate Gas 688268.SS | China | $1.92B | -47% | +27% | 13% | 56.1× | 35.6% | +7.2% |
| Minerals Technologies MTX | United States | $1.91B | -22% | +5% | 13% | 9.8× | 0.5% | +5.4% |