Deepak Nitrite Share Price Target (2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030) | Deepak Nitrite Fundamentals, Financial Trends,. Future Plans and more
In this article, we are going to analyze a stock that can give you much better returns than bank returns. The stock we are going to talk about is a large cap stock and belongs to Chemicals sector. Deepak Nitrite Limited, which has been doing well for many years. So it comes to the point whether this stock will give good returns in future or not, we will known everything in this article.
Hey friends, I am Sachin, an author of this blog. Through this article, we are going to do a detailed analysis of Deepak Nitrite Limited Shares. In which we will try to understand the company fundamentals, financial trends, shareholding better. After analyzing all these in detail, we will try to predict Deepak Nitrite Share Price Target, so stay tuned till the end of this blog.
About Deepak Nitrite
Deepak Nitrite Limited is an Indian chemical company that is involved in the production and sale of chemicals, including pigments, solvents, and polymers. The company was founded in 1970 and is headquartered in Baroda, Gujarat, India.
It has manufacturing facilities in India, the United States, and the Netherlands, and it exports its products to more than 50 countries worldwide. Deepak Nitrite Limited is listed on the Bombay Stock Exchange and the National Stock Exchange of India.
|Chairman||Deepak Chimanlal Mehta|
|Managing Director||Ajay C. Mehta|
|CEO||Maulik Deepak Mehta|
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Deepak Nitrite Shareholding Pattern
- Promoters hold 45.72%
- Retail and Others hold 35.64%
- Foreign Institutional Investors hold 7.09%
- Domestic Institutional Investors hold 5.85%
- And Mutual Funds hold 5.70% of Deepak Nitrite Share
Company’s promoters and domestic institutional investors have increased their holding which is a good thing. But mutual funds and foreign institutional investors have reduced their holdings slightly.
Deepak Nitrite Financial Trends
If we talk about the Revenue and Profit of Deepak Nitrite Company then –
Its revenue in 2019 has been ₹ 2,700 Cr and profit is ₹ 174 Cr. There was a revenue of ₹ 4,230 Cr in 2020 and a profit of ₹ 611 Cr. In the same 2021, there was a profit of ₹ 776 Cr with a revenue of ₹ 4,360 Cr. And this year i.e. in 2022 there has been a profit of ₹ 1,067 Cr with a revenue of ₹ 6,802 Cr.
Deepak Nitrite Fundamentals
|Market Cap||₹24,891 Cr|
|Debt To Equity||0.07|
Deepak Nitrite Share Price Target 2023 – 2030 Table
|Year||Deepak Nitrite Share Price Target|
|2023||₹2100 – ₹2150|
|2024||₹2390 – ₹2460|
|2025||₹2700 – ₹2800|
|2026||₹3180 – ₹3280|
|2027||₹3750 – ₹3800|
|2028||₹4300 – ₹4450|
|2029||₹5100 – ₹5300|
|2030||₹5900 – ₹6200|
Deepak Nitrite Share Price Target 2023
This company is constantly developing chemical products one after the other for different new industries, due to which Deepak Nitrite’s product portfolio is gradually increasing at a good pace. Talking about the customer of the company, many other big companies like GAIL, Emami, HUL, Parle Agro use its chemicals.
Considering these, Deepak Nitrite Share Price Target 2023 can be ₹2100 and second price can goes upto ₹2150.
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Deepak Nitrite Share Price Target 2024
This company has 6 manufacturing facilities, with the help of which the company fulfills the demand of chemical products from all over the world. In the coming years, the company is looking forward to increasing the capacity of its existing manufacturing facility as well as opening new plants to meet the increasing demand of chemical products in the market.
So by these, we can get to see first and second Deepak Nitrite Share Price Target 2024 of ₹2390 and ₹2460 respectively.
Deepak Nitrite Share Price Target 2025
The company has given good returns of 10% in the last 6 months but has given -2% returns in one year which is not good. The reason for this can also be the Russia-Ukraine war, due to which the market has seen a decline. By the way, Deepak Nitrate has given 619% returns in the last 5 years, which is very good.
If such a stock continues to grow, then we will get first and second Deepak Nitrite Share Price Target 2025 of ₹2700 and ₹2800 respectively.
Deepak Nitrite Share Price Target 2030
The financials of the company are very good and its fundamentals are also very good. The company’s P/E ratio is 28.11, which is good according to its growth, and its EPS is 64.91, which is good, and its ROE is 37.52%, which is very good. And the good thing about this is that the debt is very less of 270 crores and its debt to equity ratio is 0.07.
Considering these, Deepak Nitrite Share Price Target 2030 will be ₹5900 and second target price can be ₹6200. For more details about the share, watch this video –
The target price that is being told on the basis of technical analysis and its technical time keeps on changing from time to time. That’s why this price target is not accurate, if you invest in it, do it on the basis of your research and never invest due to greed.
I have written this article i.e. Deepak Nitrite Share Price Target 2023, 2024, 2025, 2026, 2030 on the request of you people only, so if you also want to know about any other share, then you can comment. We will definitely discuss about that in the upcoming article. If you have any questions regarding this than you can we will definitely try to reply you best.
What will be the share price of Deepak Nitrite in 2025?
According to our predicted Price, we can get to see share price of Deepak Nitrite in 2025 of INR 2700 to INR 2800.
What will be the share price of Deepak Nitrite in 2030?
According to our analysis, we can get to see share price of Deepak Nitrite in 2030 of INR 5900 to INR 6200.
Is Deepak Nitrite a debt free company?
No, the company has a huge debt of ₹270 crore and its debt to equity ratio is 0.07.
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