Deepak Nitrite Share Price Target 2023, 2024, 2025, 2026, 2030
Deepak Nitrite Limited is a chemical manufacturing company based in India. the company founder was Mr. Chimanlal Khimchand Mehta (father of Deepak Mehta) The company Started from March 1970, The company produces a wide range of chemical products including basic chemicals, fine and specialty chemicals, and performance products. Some of its major products include phenol, acetone, and hydrogen peroxide.
Deepak Nitrite Limited has a significant presence in the Indian chemical industry and also exports its products to various countries around the world. The company has multiple manufacturing facilities located in various parts of India and employs a large number of people.
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Deepak Nitrite Limited Overview
Deepak Nitrite produces a wide range of chemical products across different segments. Its basic chemicals segment includes products such as nitric acid, sulphuric acid, and aniline. In the fine and specialty chemicals segment, the company produces products such as xylidines, cresols, and dinitrotoluenes. The performance products segment includes products such as optical brightening agents and agrochemical intermediates.
Deepak Nitrite has multiple manufacturing facilities located across India. These facilities are equipped with state-of-the-art technology and adhere to strict quality standards.
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Business Model of Deepak Nitrite
The business model of Deepak Nitrite Limited revolves around manufacturing and selling chemical products. The company operates in three main segments: Basic Chemicals, Fine and Specialty Chemicals, and Performance Products. It produces a wide range of chemical products across these segments, which are used in various industries such as agriculture, pharmaceuticals, and paints and coatings.
The company’s manufacturing facilities are equipped with advanced technologies and are focused on maintaining high-quality standards. It has a dedicated research and development team that works towards developing new and innovative products to cater to the changing needs of the market.
Deepak Nitrite Limited’s revenue comes primarily from the sale of its chemical products. The company sells its products in the domestic market as well as exports them to various countries around the world. It has a well-established distribution network and also works with various channel partners and distributors to sell its products.
Deepak Nitrite Share Price
Deepak Nitrite Limited’s shares are traded on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) in India. The company’s stock symbol is DEEPAKNTR and its ISIN is INE288B01029.
As of March 23, 2023, the current market price of Deepak Nitrite Limited’s share on NSE is around INR 1795 per share. Deepak Nitrite Share 52 week high at Rs. 2391/- & 52 week low Rs.1681/-. Dividend Yield of Deepak Nitrite Share is 0.39% & P/E ratio is 27.65.
| Company Name | Deepak Nitrite Limited |
| Share Name | DEEPAKNTR |
| Founded in | 1970 |
| Headquarters | Gujrat |
| CEO | Deepak Mehta |
| Revenue | 6,800 crores INR |
| Market Capitalization | 244.59 billion INR |
| Primary Exchange | NSE, BSE |
| Official Website | Click Here |
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Shareholding of Deepak Nitrite
The shareholding pattern of Deepak Nitrite, a leading chemical company in India, as follows:
- Promoter and Promoter Group shareholding: 63.06%
- Institutional Investors: 23.04%
- Non-Institutional Investors: 6.63%
- Others: 7.27%
Deepak Nitrite Share Price Target 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030, 2040, 2050
| Year | First Target | Second Target |
| 2023 | 2150 | 2250 |
| 2024 | 2300 | 2400 |
| 2025 | 2450 | 2550 |
| 2026 | 2650 | 2800 |
| 2027 | 2850 | 2980 |
| 2028 | 3080 | 3150 |
| 2029 | 3200 | 3300 |
| 2030 | 3390 | 3450 |
| 2040 | 4100 | 4250 |
| 2050 | 4800 | 4980 |
Note:- “That these share price targets for “Deepak Nitrite Share” are only provided for the purpose of reference and that this prediction will only hold true in the event that there is optimism in the market. Any uncertainties regarding the company or the current state of the global market will not be addressed in this analysis.”
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Deepak Nitrite Share Price Target 2023
The company’s revenue for the financial year 2021-22 was INR 6,422.6 crore (approximately USD 861 million), which is an increase of 44.7% compared to the previous year. The company’s net profit for the financial year 2021-22 was INR 1,676.7 crore (approximately USD 225 million), which is an increase of 128.9% compared to the previous year.
Deepak Nitrite share price target 2023 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2023 | ₹2150 | ₹2250 |
Deepak Nitrite Share Price Target 2024
The company’s EPS for the financial year 2021-22 was INR 94.33 (approximately USD 1.26), which is an increase of 127.9% compared to the previous year.
The company declared a dividend of INR 10 per share for the financial year 2021-22.
Deepak Nitrite share price target 2024 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2024 | ₹2300 | ₹2400 |
Deepak Nitrite Share Price Target 2025
The company’s EPS for the financial year 2021-22 was INR 94.33 (approximately USD 1.26), which is an increase of 127.9% compared to the previous year.
The company declared a dividend of INR 10 per share for the financial year 2021-22.
Deepak Nitrite share price target 2025 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2025 | ₹2450 | ₹2550 |
Deepak Nitrite Share Price Target 2026
Deepak Nitrite Limited’s business model is focused on producing high-quality chemical products and selling them through various channels to customers in India and abroad. The company’s focus on innovation, sustainability, and responsible business practices is helping it stay ahead of the competition and drive growth in the long term.
Deepak Nitrite share price target 2026 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2026 | ₹2650 | ₹2800 |
Deepak Nitrite Share Price Target 2027
In recent years, the company has been focusing on expanding its product portfolio and investing in research and development to develop new and innovative products. It has also been working towards sustainable and responsible business practices, including reducing its environmental footprint and promoting social responsibility.
Deepak Nitrite share price target 2027 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2027 | ₹2850 | ₹2980 |
Deepak Nitrite Share Price Target 2030
Deepak Nitrite is committed to sustainable and responsible business practices. The company has implemented various initiatives to reduce its environmental impact, including energy conservation, waste reduction, and water conservation. It also focuses on promoting social responsibility and has implemented various initiatives for the welfare of its employees and the communities around its manufacturing facilities.
Deepak Nitrite share price target 2030 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2030 | ₹2850 | ₹2980 |
Recent News of Deepak Nitrite Limited
Some of the recent news updates related to Deepak Nitrite Limited:
- In February 2022, Deepak Nitrite announced that it has acquired a specialty chemicals business from Roha Dyechem. The acquisition includes a manufacturing plant in Maharashtra and a research and development center in Mumbai. With this acquisition, Deepak Nitrite aims to expand its specialty chemicals portfolio and strengthen its presence in the global market.
- In November 2021, the company announced that it had received the approval of the Ministry of Environment, Forest, and Climate Change for its expansion project at its Dahej facility in Gujarat. The expansion project involves setting up a new plant to produce aniline, a key ingredient in the production of rubber chemicals, agrochemicals, and pharmaceuticals.
- In August 2021, Deepak Nitrite announced that it had received an award for Excellence in Sustainable Business Practices at the CII-ITC Sustainability Awards 2021. The award recognizes the company’s commitment to sustainability and responsible business practices.
- In May 2021, the company announced its financial results for the fourth quarter and full year ended March 31, 2021. The company reported a strong financial performance, with its net profit for the year increasing by 56% compared to the previous year.
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Future of Deepak Nitrite Share
The future of Deepak Nitrite Limited looks promising, as the company has a strong track record of growth and a strategic focus on expanding its business and diversifying its product portfolio. Here are some factors that indicate a positive future for the company:
- Expansion plans: Deepak Nitrite Limited has announced plans to invest in expanding its manufacturing capacity and setting up new plants in Gujarat and Maharashtra. This will enable the company to increase production and diversify its product portfolio, which is expected to drive growth and profitability in the future.
- Diversified product portfolio: Deepak Nitrite Limited has a diversified product portfolio, including basic chemicals, fine and specialty chemicals, and performance products. The company’s focus on innovation and R&D has enabled it to develop new products and applications, which will contribute to its growth in the future.
- Focus on sustainability: Deepak Nitrite Limited is committed to sustainability and responsible business practices. The company has implemented various initiatives to reduce its environmental impact and contribute to sustainable development, which is expected to enhance its reputation and create long-term value for stakeholders.
- Strong financial performance: Deepak Nitrite Limited has a strong financial performance, with consistent revenue and profit growth in recent years. The company’s focus on operational efficiency and cost optimization has enabled it to improve margins and generate significant cash flows, which will support its growth and expansion plans in the future.
Risk of Deepak Nitrite Share
Deepak Nitrite Limited is exposed to various risks that could impact its business operations, financial performance, and growth prospects. Here are some of the major risks associated with the company:
- Volatility in raw material prices: Deepak Nitrite Limited uses a range of raw materials, including crude oil, natural gas, and other petrochemicals, which are subject to price volatility. Any increase in the prices of these raw materials could impact the company’s profit margins and financial performance.
- Regulatory compliance: Deepak Nitrite Limited operates in a highly regulated industry, and any changes in regulations or non-compliance with existing regulations could result in fines, penalties, or other legal issues that could impact the company’s reputation and financial performance.
- Competition: The chemicals industry is highly competitive, and Deepak Nitrite Limited faces competition from domestic and international players. Any increase in competitive pressure could impact the company’s market share, pricing power, and financial performance.
- Economic and political risks: Deepak Nitrite Limited operates in a global market and is exposed to economic and political risks, including changes in exchange rates, inflation, trade policies, and geopolitical tensions, which could impact its operations and financial performance.
- Supply chain disruptions: Deepak Nitrite Limited’s operations are dependent on a complex supply chain, and any disruptions, including natural disasters, pandemics, or other events, could impact its production, supply, and financial performance.
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FAQs
In Year 2023, Future target of Deepak Nitrite Share is Rs.2200/- (approx)
Target Price of Deepak Nitrite Share in 2030 may be in between Rs.2800 to Rs.3000/-
In Next 5 Years Deepak Nitrite Share will cross Rs.2700/- (approx)
Deepak Nitrite Limited has a promising future, driven by its strategic focus on growth and diversification, commitment to sustainability, and strong financial performance. In future Deepak Nitrite Share will give good returns.
Deepak Nitrite Limited’s annual results for the financial year 2021-22 show a strong financial performance, with significant growth in revenue and profit. The company’s expansion plans also indicate its focus on continued growth and development in the future but investing in the stock market involves risks, and it’s essential to conduct thorough research and analysis before making investment decisions.
