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Deepak Nitrite Ltd dividend

Deepak Nitrite Ltd dividend

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Deepak Nitrite Ltd

NSE: DEEPAKNTR

DPS

7.5

Last updated : FY 2023

Key Highlights

    The Dividend per Share of Deepak Nitrite Ltd is ₹ 7.5 as of 2023 .a1#The Dividend Payout of Deepak Nitrite Ltd changed from 19.76 % on March 2019 to 21.79 % on March 2023 . This represents a CAGR of 1.98% over 5 years. a1#The Latest Trading Price of Deepak Nitrite Ltd is ₹ 2411 as of 13 Jun 15:30 .a1#The Market Cap of Deepak Nitrite Ltd changed from ₹ 3745 crore on March 2019 to ₹ 25128 crore on March 2023 . This represents a CAGR of 46.33% over 5 years. a1#The Revenue of Deepak Nitrite Ltd changed from ₹ 2067 crore to ₹ 2225 crore over 8 quarters. This represents a CAGR of 3.74% a1#The EBITDA of Deepak Nitrite Ltd changed from ₹ 365.59 crore to ₹ 400.06 crore over 8 quarters. This represents a CAGR of 4.61% a1#The Net Profit of Deepak Nitrite Ltd changed from ₹ 234.62 crore to ₹ 253.85 crore over 8 quarters. This represents a CAGR of 4.02% a1#

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Share Price Vs Dividend Yield

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Fundamental Metrics

Market Cap

29,791 Cr

EPS

55.2

P/E Ratio (TTM) *

39.6

P/B Ratio (TTM) *

6.2

DTE *

0.1

ROE *

16.9

ROCE *

21.9

Dividend Yield *

0.41

DPS *

7.5

Dividend Payout *

21.79

Ann.Dividend % *

375

* All values are consolidated

* All values are consolidated

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Dividend Payout Over Time

Dividend payout refers to the total dividends paid to shareholders relative to the company's earnings. It is a financial measure that determines the percentage of earnings paid out to existing shareholders as dividends. How to calculate Dividend Payout Ratio? The dividend payout ratio formula is as follows: DPR = Dividends paid / Net earnings With the dividend payout ratio, you can understand the company's priorities. It is an important metric that allows you to easily check DPR online.

Dividend Payout Over Time

Period
Mar '1920
Mar '2011
Mar '2121
Mar '2220
Mar '2322

* All values are a in %

Dividend per Share (DPS) Over Time

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DIVIDENDYIELD

Dividend Yield is a financial ratio that shows the annual dividend income relative to the market price of a share. It is calculated by dividing the dividend per share by the current market price per share, expressed as a percentage.

Dividend Yield Comparison With Top Peers

1M

1Y

3Y

5Y

* All values are in %

Net Profit Vs Dividend Per Share

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Deepak Nitrite Ltd

NSE: DEEPAKNTR

PRICE

2411.8

60.80 (2.59%)

stock direction

Last updated : 13 Jun 15:30

SWOT Analysis Of Deepak Nitrite Ltd

Strength

2

S

Weakness

2

W

Opportunity

0

O

Threats

1

T

BlinkX Score for Deepak Nitrite Ltd

Revenue

Profitability

Affordability

Liquidity

Dividend

Dividend Overview for Deepak Nitrite Ltd

  • Deepak Nitrite Ltd, boasts of a market capitalization of Rs 29792 Cr., with a share price of Rs 2411.80 as of 13 Jun 15:30. While all stocks don't consistently pay dividends, Deepak Nitrite Ltd rewarded its shareholders, distributing 21.8 % for the full year.
  • In the year ending 2022, Deepak Nitrite Ltd declared a dividend of Rs 7, resulting in a dividend yield of 0.3% Assessing its dividend-paying capacity and valuation is crucial to determine its suitability as a dividend stock.
  • During the year ending 2023, Deepak Nitrite Ltd recorded revenues of Rs 7682 Cr, with a trailing EBITDA Margin of 16.7% and net-profit of Rs 811 Cr

Overview of Dividend

Types of Dividend


Special Dividend

A dividend is paid on common stock when a company has accumulated substantial profits over years, often seen as excess cash that doesn't need immediate use.


Preferred Dividend

A quarterly dividend is paid to preferred stock owners, typically accumulating a fixed amount, and is earned on shares that function more like bonds.


Interim Dividend

Companies declare interim dividends before final full-year accounts are prepared, specifically in India, during the financial year from April to March of the following year.


Final Dividend

A final dividend is issued after the year's accounts have been compiled. Aside from this, the following list highlights the most prevalent sorts of dividends:


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Market Cap Over Time

Market Cap or market capitalisation refers to metrics that are used to measure a company's size. It is defined as the total market value of a company's outstanding shares of stock. Formula of Market Cap: Market Capital = N * P Here, N for the outstanding shares P refers to the closing price of the company's shares. Types of Companies based on Market Cap: - Small-Cap stocks: Up to 500 Crore - Mid-Cap Stocks: From Rs.500 crore up to Rs.7,000 crore - Large-Cap Stocks: From Rs.7,000 crore up to Rs.20,000 crore

Market Cap Over Time

Period
Mar '193745
Mar '205273
Mar '2122600
Mar '2230609
Mar '2325128

* All values are a in crore

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Revenue Over Time

Revenue term means the amount of money a company earns from its primary business activities such as the sales of its products & services. Types of Revenue: 1. Operating revenue: It refers to the income generated from the core business activities, which are sales of goods or services rendered. 2. Non-Operating revenue: It is the income generated from secondary sources unrelated to the primary business. Examples include rents, dividends, interest, and royalty fees. Formula for Revenue: The formula for calculating revenue is based on two goods & services: For goods: Revenue = Avg unit price x Number of Units sold For services: Revenue = Avg unit price x Number of Customers served.

Revenue Over Time

Period
Jun '222068
Sep '221974
Dec '222004
Mar '221974
Jun '231800
Sep '231795
Dec '232023
Mar '232225

* All values are a in crore

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EBITDA Over Time

PBIDT stands for Profit Before Interest, Depreciation, and Taxes. It is a financial metric that measures a company's profitability before accounting for interest expenses, depreciation of assets, and taxes. Formula to calculate PBIDT: PBIDT = Net Income + Interest + Depreciation + Taxes or PBIDT = Operating Income + Depreciation + Taxes PBIDT vs EBITDA vs EBIT vs EBT: Here is a brief explanation of the differences: - PBIDT (Profit Before Interest, Depreciation, and Taxes) includes taxes in its calculation, unlike EBITDA. - EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) excludes taxes and interest, focusing on operational performance. - EBIT (Earnings Before Interest and Taxes) excludes interest and taxes, providing a measure of core operational profitability. - EBT (Earnings Before Taxes) includes all operating income but does not account for interest expenses. Conclusion: PBIDT, similar to EBITDA, is a measure of operational profitability but includes taxes in its calculation.

EBITDA Over Time

Period
Jun '22366
Sep '22283
Dec '22328
Mar '22361
Jun '23242
Sep '23319
Dec '23318
Mar '23400

* All values are a in crore

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Net Profit Over Time

Net profit is the amount of money a company retains after accounting for all expenses, depreciation, interest, taxes, and other deductions. Net Profit formula is expressed as: Net Profit = Total Revenue - Total Expense Net Profit Margin Ratio: Net Profit Margin Ratio = Net Profit / Total Revenue

Net Profit Over Time

Period
Jun '22235
Sep '22174
Dec '22209
Mar '22234
Jun '23150
Sep '23205
Dec '23202
Mar '23254

* All values are a in crore

About Deepak Nitrite Ltd

About Deepak Nitrite Ltd

    Deepak Nitrite Limited (DNL) is a prominent chemical manufacturing company. The Company manufactures Advanced Intermediates. It has a diversified portfolio of chemical intermediates that cater to various end-user industries and falls under Strategic Business Units (SBUs) of Basic Chemicals (BC), Fine and Speciality Chemicals (FSC) and Performance Products (PP). Its manufacturing facilities are located at Nandesari and Dahej in Gujarat, Roha and Taloja in Maharashtra, and Hyderabad in Telengana. Even as the operations are now predominantly domestic, it enjoys significant footprint offshore, especially into Europe, USA, Japan, Latin America, South East, and Far-East Asia - an export network spanning over 45 countries. Deepak Nitrite Limited was incorporated in the year June 06th, 1970. During the year the 1984-1985, the company started to manufacture 3000 TPA concentrated nitric acid and in the same year the company commissioned its hexamine plant. During the year, the company acquired 31 acres of land in village Kareli in District Bharuch. During the year 1986-1987, the company started the production of new items namely, Guanidine Nitrate and Hydroxylamine Sulphate. During the year the 1987-89, the company commissioned of the second CAN plant. During the year 1994-1995, the company successfully achieved rated capacity utilization for the whole year the Nitroaromatic plant's capacity being enhanced in a phased manner and in the same year the company developed a new hydrogenation plant being set up at Taloja. During the year 1995-1996, the company's Sahyadri Dyestuffs & Chemical Division developed new product for exclusive customers in Europe and USA. During the year 1996-1997, the company's Taloja Chemical division established the plant for Hydrogenation of Nitromatics at Taloja and started commercial production of Toluidines. During the year 1999-2000, the company acquired 68.76 % equity capital of Aryan Pesticides Ltd (APL). In the same year, the company increased installed capacity of Nitro Aromatics from 16,500 MTS to 19,000 MTS. During the year 2000-2001, the company's Taloja Chemical division commissioned the second stream of hydrogenation thereby giving an additional capacity. Also, the company increased the installed capacity of Aromatics Amines from 4500 MTS to 6,600 MTS. During the year 2003-2004, Aryan Pesticides Ltd amalgamated with Deepak Nitrite Limited with effect from 31 March 2004. During the year 2004-2005, the company increased installed capacity of Inorganic Salts from 36,100 MTS to 36,430 MTS, Nitro Aromatics from 20,000 MTS to 24,000 MTS and Aromatics Amines from 6,600 MTS to 9,600MTS. During 2006-07, the company acquired the DASDA business of Vasant Chemical Limited, with effect from 1 August 2006 on a going concern basis, for a consideration of Rs. 55 crores. In 2010, the company launched products in the Fuel Additive Space. The company commenced first stream for commercial production of Optical Brightening Agent (OBA) for the year ended 2013. During the financial year ended 31 March 2014, Deepak Nitrite registered its highest ever turnover of Rs 1,269.62 crore. During the year, your company decided to realign its operations into Strategic Business Units (SBUs) to intensify focus on individual businesses to drive accelerated growth of top and bottom line. The company's present business segments of Organic Intermediates, Inorganic Intermediates and Fine & Speciality Chemicals will be reorganised into three SBUs, viz. (i) Bulk Commodities & Chemicals, (ii) Fine & Speciality Chemicals and (iii) Fluorescent Whitening Agent (FWA). The Brownfield expansion at the company's Nandesari facility was commissioned in June 2013 and commenced commercial production during the first half of FY 2013-14. This expansion has enhanced the production capacity for Inorganic Salts in which the company is the market leader in India. During the year under review, Deepak Nitrite incorporated a wholly owned subsidiary Deepak Nitrite Corporation, LLC in North Carolina, USA to take care of marketing & operations part of customers in Northern and Southern American region. During the financial year ended 31 March 2015, Deepak Nitrite's Greenfield Plant at Dahej, Dist. Bharuch in the State of Gujarat, for manufacturing Optical Brightening Agents (OBA) was fully commissioned. With a view to broadbase the investor base by encouraging the participation of the small investors and also to increase the liquidity of Equity Shares of the company, the Board of Directors of Deepak Nitrite at its meeting held on May 2, 2014 have recommended the sub-division of each Equity Share of face value of Rs. 10/- of the company into 5 Equity Shares of face value Rs. 2/- each. The Board of Directors at their meeting held on May 2, 2014 have recommended the issue of Bonus Shares in the proportion of 1 new Equity Share of Rs. 2/- each fully paid-up for every 1 existing Equity Share of Rs. 2/- each of the company (post-sub-division of the Equity Share Capital of the company) held by the shareholders on the Record Dates to be fixed by the Board / Committee of the Board. The company's Board of Directors at their meeting held on May 2, 2014 decided to repay all the Fixed Deposits accepted by the company along with the interest thereon and accordingly, all the Fixed Deposits outstanding as on April 1, 2014 along with interest thereon have been repaid by your Company during the Financial Year. The Board of Directors of Deepak Nitrite's at their meeting held on August 7, 2014 approved to undertake a Greenfield project for manufacturing Phenol and Acetone at Dahej, in the State of Gujarat. The said Project is to be funded with a mix of Debt and Equity of 60:40 and is being implemented through the company's Wholly Owned Subsidiary Company - Deepak Phenolics Limited. The capacity of the Phenol Plant shall be 200,000 TPA and that of co-product Acetone shall be 120,000 TPA. Phenol is widely used in the manufacturing of various commercial products and finds applications in Laminates, Foundry, Automobile lining, etc. while Acetone finds applications in Pharmaceuticals, Paints, and Adhesives & Thinners etc. Currently, a majority of India's Phenol and Acetone requirement is met by imports. In order to raise the funds for the proposed Phenol and Acetone Project at Dahej, Deepak Nitrite's Board of Directors at their meeting held on January 22, 2015 approved issuance of Equity Shares for an aggregate amount upto Rs 200 crores on private placement basis through Qualified Institutions Placement (QIP). Deepak Nitrite launched a special grade of Sodium Nitrite for exports market in FY 2015-16. During the financial year ended 31 March 2016, Deepak Nitrite strengthened its Fine & Speciality Chemicals segment by successfully foraying into high-potential and fast-growing segments of pharma and personal care intermediates. Within pharma and personal care, the company started offering multiple new drug intermediates for which it received favourable response from multinational companies. During the year, deeper customer engagement in Fluorescent Whitening Agent (FWA) segment and finalisation of the plan for Phenol & Acetone project has been other notable achievements.In order to monetise the value of the company's unutilised assets and improve shareholders value by freeing up capital to facilitate growth, the company's Board of Directors had approved the sale of freehold land and surrender / assignment of leasehold rights in respect of lands situated at Sinhagad Road, Pune, Maharashtra. During April 2016, the said transactions were concluded for a total consideration of Rs 79.26 crore. During FY 2015-16, Deepak Nitrite offered Equity Shares to the Qualified Institutional Buyers (QIBs) on private placement basis through Qualified Institutions Placement (QIP). Accordingly, 11,750,000 Equity Shares of Rs 2/- each were allotted to QIBs on January 6, 2016 at an issue price of Rs 70.90 per Equity Share (including premium of Rs 68.90 per Equity Share). The QIP issue proceeds aggregating to Rs 83.31 crore will be utilized in accordance with the objects stated in the offer document. During the financial year ended 31 March 2017, Deepak Nitrite encountered multiple headwinds in the form of temporary closure of one of the three units at its Hyderabad facility due to excessive flooding and the resulting issues related to pollution. In October 2016, Deepak Nitrite faced an accidental fire at one of the distillation columns of the manufacturing facility at Roha, which impacted the performance. During the year under review, the company leveraged its strength to switch to enhance the volumes of value added products to mitigate impact from down-cycle of existing product categories. Towards the end of the year, there was some disruption in demand in end-user industries of certain customers as a result of the demonetisation initiative. There were several positives as the company witnessed encouraging demand in some of its key products and witnessed favourable trends in newer products launched in the complementary sub-segments. The company was able to incorporate a turnaround in its performance in the fourth quarter driving a rapid recovery from impact of the developments which took place in the third quarter through diversification in products, geographies, customer segments and end-user industries. As a part of ongoing transformation, the company has during the year renamed its Bulk Chemicals and Commodity segment as Basic Chemicals' and the Fluorescent Whitening Agents segment as Performance Products' segment. With this, the product portfolio now comprises of expanded range of offerings thereby helping the company to further strengthen its position in the market. During FY 2016-17, Deepak Nitrite offered Equity Shares to the Qualified Institutional Buyers (QIBs) on private placement basis through Qualified Institutions Placement (QIP), in accordance with Chapter VIII of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009. Accordingly, 1,44,23,076 Equity Shares of Rs 2/- each were allotted to QIBs on March 7, 2017 at an issue price of Rs 104 per Equity Share (including premium of Rs 102 per Equity Share). The QIP issue proceeds aggregating to Rs 150 crores will be utilised in accordance with the objects stated in the offer document. In October 2016, Deepak Nitrite had faced an accidental fire at one of the distillation columns of the manufacturing facility at Roha, which had impacted the performance. During the financial year ended 31 March 2018, all the units at Roha resumed full operations which enabled the company to deliver balanced growth with contribution from all the three Strategic Business Units (SBUs), thereby recovering from the one-off events that occurred last year. During FY 2017-18, Deepak Nitrite received Rs 7.50 crores as an interim payment against insurance claims due to fire at one of the distillation columns of the manufacturing facility at Roha. During the year under review, the company undertook several initiatives to fortify its offerings by increasing integration of manufacturing process for select high value products in the Fine & Speciality Chemicals (FSC) segment and has received regulator's clearances for commencing operations, which will enable the company to further enhance profitability. During FY 2017-18, Deepak Nitrite's wholly owned subsidiary Deepak Phenolics Limited (DPL) started seed marketing of Phenol/Acetone. During FY 2017-18, Deepak Nitrite offered Equity Shares to the Qualified Institutional Buyers (QIBs) on private placement basis through Qualified Institutions Placement (QIP). Accordingly, 56,81,775 Equity Shares of Rs 2/- each were allotted to QIBs on January 30, 2018 at an issue price of Rs 264/- per Equity Share (including share premium of Rs 262/- per Equity Share). The QIP issue proceeds aggregating to Rs 150 Crores will be utilized in accordance with the objects stated in the offer document. During FY 2017-18, Deepak Nitrite sold 77,500 shares held in Deepak Gulf LLC (DGL), a limited liability company incorporated in the Sultanate of Oman, being 31% of total share capital of DGL. Post the said transaction; Deepak Nitrite's shareholding in DGL is 45,000 shares, representing 18% total share capital of DGL. Consequently, DGL ceased to be Associate of Deepak Nitrite with effect from March 16, 2018. During FY 2018-19, Deepak Phenolics Limited (DPL), commenced commercial production at a plant at Dahej to manufacture 200,000 MTPA of Phenol and 120,000 MTPA of its co-product Acetone on November 1, 2018. During the year 2019, the Company entailed a capital expenditure of around Rs 67 Crore towards Brownfield expansions in Basic Chemicals and Fine & Specialty Chemicals segments, to enhance capacities of major products and also towards increasing operational efficiencies. It achieved a key milestone by replacing the bulk of imports of Phenol and Acetone in the local market having a market share of around 55% in the country. It has been producing and selling pharma grade acetone. In FY 2019-20, Deepak Phenolics Limited (DPL), a subsidiary, completed its operations of about 90% capacity utilisation, a testament to plant operators and domestic customers' desire to partner with an Indian supplier. During the Financial Year 2020-21, Company commenced land development at its newly procured site in Dahej, which is approximately 127 acres. In April 2020, Deepak Phenolics Limited (DPL), subsidiary of the Company, commissioned commercial production of IPA plant at Dahej. With effect from October 9, 2020, it had established a wholly-owned subsidiary, Deepak Clean Tech Limited' (DCTL), to produce chemical and pharma intermediate products, interwoven with their existing products and process chemistry knowledge, also towards creating new platforms like fluorination and photochlorination. In FY'22, Company commenced the production of Isopropyl Alcohol (IPA) at its manufacturing facility in Dahej and doubled production capacity to 60,000 MTPA. It commissioned a brownfield expansion project of IPA at Nandesari, Roha and Taloja plants in Dec' 21. During 2022-23, the Company commissioned the installation of Sulfuric Acid Concentration (SAC) unit at Nandesari Plant; undertook debottlenecking and commissioning of capacity of Phenol plant.

Deepak Nitrite Ltd News Hub

News

Board of Deepak Nitrite recommends final dividend

Deepak Nitrite announced that the Board of Directors of the Company at its meeting held on...

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21 May 202409:54

News

Deepak Nitrite to hold board meeting

Deepak Nitrite will hold a meeting of the Board of Directors of the Company on 20 May 2024...

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08 May 202410:56

News

Deepak Nitrite and its subsidiaries receive ratings action from ICRA

Deepak Nitrite has received reaffirmation in long term credit rating of ICRA AA and short ...

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07 Mar 202416:57

News

Deepak Nitrite subsidiary inks MoU with Gujarat Govt for Rs 9,000 crore project

The plants would manufacture polycarbonate resins and compounds; methyl methacrylate (MMA)...

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01 Feb 202411:09

News

Deepak Nitrite to announce Quarterly Result

Deepak Nitrite will hold a meeting of the Board of Directors of the Company on 13 February...

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25 Jan 202415:36

News

Board of Deepak Nitrite approves acquisition of further stake in Deepak Oman Industries FZC LLC

The Board of Deepak Nitrite at its meeting held on 08 January 2024 has approved to - a) Ac...

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08 Jan 202419:09

FAQs for dividends of Deepak Nitrite Ltd

What is the current market price of Deepak Nitrite Ltd Ltd as of June 13, 2024?

The current market price of Deepak Nitrite Ltd Ltd stands at 2411.8 per share.

What dividend did Deepak Nitrite Ltd declare in the last fiscal year?

In the last fiscal year, Deepak Nitrite Ltd declared a dividend totaling ₹7.5.

What is the most recent dividend declared by Deepak Nitrite Ltd?

Deepak Nitrite Ltd recently declared a dividend of 0.0 in the latest quarter

How many times has Deepak Nitrite Ltd declared dividends in the current fiscal year

Deepak Nitrite Ltd has declared dividends 4 times totaling ₹0 in the current fiscal year (FY2023-2024).

How many times did Deepak Nitrite Ltd declare dividends in the previous fiscal year?

In the previous fiscal year (FY2022-2023), Deepak Nitrite Ltd declared dividends 4 times totaling ₹0.
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