Hi, Friends if you looking for Deepak Nitrite Share Price Target this is the perfect article for you. We deeply discuss Deepak Nitrite Share Price Target for 2023, 2024, 2025, 2026, and 2030. And we have to know the fundamentals, business model, and previous performance of Deepak Nitrite before investing. We also analyze the future direction of the company’s management and upcoming market demand in the Chemical sector.
Deepak Nitrite gave extraordinary returns over the period of time to investors, whether we can discuss it shows good results in the future. Whether investing in Deepak Nitrite is worth it or not. Let us see the in-depth analysis of Deepak Nitrite Share Price Target for 2023, 2024, 2025, 2026, and 2030.
Deepak Nitrite Share Price Target 2023, 2024, 2025, 2026, 2030
The company also plans to produce downstream products of phenol and acetone and by 2021 Deepak Mehta said the company has hydrogenation capabilities and plans to add fluorination to its chemical products
Deepak Nitrite Share Price Target 2023
Deepak Nitrite shares gave huge returns over the period and outperformed the 3-year CAGR by 35.68%. The company’s annual revenue growth is 56.23%. Currently, Deepak Nitrite Share Value is Rs. 1815- Rs. 1820. The company share value is overvalued as compared to its previous valuations. The P/E ratio is 27.40 and the P/B ratio is 7.49. The company’s Earnings Per Share value is Rs. 64.91.
Deepak Nitrite is one of the emerging chemical companies, the company manufactures chemical products like organic, inorganic, and special chemicals. Also, they manufacture many industry usage chemical products. The company is the biggest producer of Sodium nitrate and NitroToluenses in India.
Deepak Nitrite Share Price Target 2023: Deepak Nitrite continuously improving and developing new products for various new industries, as you can see the expected target is Rs.2150 and the second highest target value is Rs.2200.
Deepak Nitrite Share Price Target 2024
Deepak Nitrite is a Large Cap company that has a total market value of Rs.24.06 Thousand Cr. The company has a wide range of products and all over a global customer base. Deepak Nitrite has over 700 customers around the world, it has a presence in 30 countries. So you can expect good revenue growth in the upcoming days.
Some of the big clients of Deepak Nitrite are Reliance Industries, Indian Oil, Syngenta, UPL, and many leading companies in India and the globe. The company has a steady growth over the 50 years in the market, and many leading brands trust Deepak Nitrite products.
Deepak Nitrite Share Price Target 2024: The demand will increase in every industry in the upcoming days so you can expect the share value to be Rs.2300 and the second target price is Rs.2400
Deepak Nitrite Share Price Target 2025
Deepak Nitrite is almost debt free and shows good growth profit for 5 Yr 87.0% CAGR. The company’s ROE is also good which is 40.1% for the last 3 years. Deepak Nitrite Limited had 5 companies in 3 states, they have 35 patent application fields. The company has a 70% market share in organic compounds.
The demand for chemical products is increasing, so the company had a plan to expand its production capacity and introduce more products in the upcoming days. Deepak Nitrite has to open new plants to facilitate more production of their products to meet upcoming market demand.
Deepak Nitrite Share Price Target 2025: The Indian Chemical Sector growth is going to attain $304 Billion by 2025 registering a CAGR of 9.3%, you can expect more growth in 2025 Deepak Nitrite share Price is Rs.2550 and the second target price is Rs.2600
Deepak Nitrite Share Price Target 2026
Deepak Nitrite has had market exposure for over 50 years. The company makes 35% revenue from exports. They involve many applications like fuel additives, Die and pigments, Pharmaceuticals, Rubber, Paper, Detergent, and Personal Care. The company has invested heavily in its R&D Department to produce world-class products.
Deepak Nitrite now manufactures basic chemicals (46%), specialty chemicals(38%), and performance products (16%), in the future they plan to improve the percentage of production in Speciality chemicals. Deepak Nitrite Share Price Target value in 2026 is Rs.2700 and the second target value is Rs.2750
Deepak Nitrite Share Price Target 2030
Deepak Nitrite’s vision is to become the largest manufacturer of intermediate chemical components and export to the globe. The company has strong roots and it become a bigger company in the future. Deepak Nitrite had a legacy and strong name for over 50 years. Due to the demand of end-users industries are getting more opportunities in every sector.
Deepak Nitrite Share Price Target 2030: The total chemical seeing exponential growth over the decade and is preparing for the future transition with renewable energy and a global outlook, you can expect the share price will rise to around Rs.4100 and the second target is Rs.4200
Deepak Nitrite Ltd Profile
|Founder Name||Chimanlal Khimchand Mehta|
|Headquarters Place||Baroda, Gujarat, India|
|Key People||Deepak Chimanlal Mehta [Chairman] Maulik Deepak Mehta [CEO]|
Business Model Of Deepak Nitrite Ltd
Deepak Nitrite company is an Indian chemical manufacturing company with manufacturing facilities at Dahej and Nandesari In Gujarat Roha in Maharashtra and Telangana and Hyderabad company Agrochemiclas manufactures a spectrum of chemicals including specialty and fine chemicals like Rubber, colors, pharmaceuticals, and this Deepak Nitrite company manufactures intermediate chemicals not only in India but also for foreign markets
Sodium Nitrite and Nitrate plants in Nade-sari Vadodara, Gujarat, were commissioned and manufacturing began in 1972. The plant manufactures sodium Nitrite and other related chemicals such as dyes and dye intermediates. Deepak Nitrite is headed by Deepak Mehta, and his daughter Maulik Mehta is the Chief executive
Strengths Of Deepak Nitrite Limited
- The company maintains an average performance of 25.45% over the last 5 Years
- The Company’s ROE has been maintained at 45% in the last 3 years
- The company has shown 80% percent profit growth in the last 3 years which is considered healthy growth
- The company has maintained a ROCE of 35.30% percent in the last 3 years
- The interest coverage ratio of the company stands at 235.45
- The company has a very healthy cash conversion cycle of 30-70 days
- The company is almost a Debt-free business
- A diversified product portfolio
- Diversified earnings profile
- The company has a high cash flow
Weakness Of Deepak Nitrite Limited
- The company trades at a high EV/EBITDA of 35.60
- The operating margin decreases steadily
- Residual working capital required
- Fluctuations in raw material prices and increased competition from imports
Competition Of Deepak Nitrite
- Tanfac Ind
- Sterling Bio
- Pondy Oxides
- Alkali Metals
- Hind Org Chem
- Indo Borax
- Mangalam Organ
- Premier Explo
- Chemfab Alkalis
- Khaitan Chemical
- Oriental Carbon
- Tamilnadu Petro
- Sree Rayalaseem
- Dhunseri Ventur
- Bodal Chemicals
- Ganesh Benzo
- Oriental Aromat
- GOCL Corp
- Bhansali Eng
- Thrumalai Chem
- India Glycols
- Grauer and Weil
- Himadri Special
- GUJ Alkali
- Solar Ind