This post will discuss Deepak Nitrite Share Price Target 2022 to 2030 as its name indicates that Deepak Nitrite is a chemical company. We will share the expected prediction for the upcoming years as per fundamentals and financial analysis.
I hope you will enjoy this article. In this article, I will answer all your queries related to Deepak Nitrite, like whether it is good to buy or not, whether it is worth buying and many more. Let’s start without any further delay.
About Deepak Nitrite
Deepak Nitrite is a chemical company that was started in 1970. Chimanlal khimchand Mehta is the founder of Deepak Nitrite. Its headquarters is in Baroda, Gujrat, India.
Deepak Nitrite is one of India’s famous chemical companies. It produces various chemicals, including polymers, solvents, and pigments. It has a big market share of around 70% in Sodium Nitrite and NitroToluenes. It has multiple manufacturing units in India as well as in foreign countries in India.
This company has been making a profit for the last few years. It has a big capitalization of around INR 24,870 Cr. Deepak Nitrite has given employment of approx. 16,000 people. They are trying to expand their business in terms of the product portfolio.
This company has good fundamentals, and it is also financially stable. It is making a profit every year. It can be a good option for long-term investment.
Deepak Nitrite Fundamentals
| Market Capitalization | INR 24,891 Cr |
| EPS | 64.91 |
| P/E Ratio | 28.11 |
| ROE | 37.52% |
| Debt | INR 270 Cr |
| Book Value | 267.71 |
| Dividend Yield | 0.36% |
| Debt to Equity | 0.07 |
Deepak Nitrite Shareholding Patterns
It is one of the most important aspects of any stock. Before investing, you should analyze shareholding partners and how many percent shares they are holding. Promoters and Retailers are holding many shares.
| Holders | Percentage |
| Promoters | 45.72% |
| Foreign Institutional Investors | 7.09% |
| Mutual Funds | 5.70% |
| Retailers | 35.64% |
| Domestic Institutional Investors | 5.85% |
Deepak Nitrite Financial Trends
| Year | Revenue | Profit |
| 2019 | INR 2,700 Cr | INR 174 Cr |
| 2020 | INR 4,320 Cr | INR 611 Cr |
| 2021 | INR 4,360 Cr | INR 776 Cr |
| 2022 | INR 6,802 Cr | INR 1,067 |
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Deepak Nitrite Share Price 2023 to 2030, Deepak Nitrite Share Price Target 2022
The current growth of Deepak Nitrite is good. It has given huge returns(605.34%) to its investors. If we see the past performance of Deepak Nitrite, it was at a loss and didn’t give good returns to its investors. The expected Deepak Nitrite Share Price Target can range between INR 1800 to 1850.
Deepak Nitrite was listed on the Indian stock Market exchange when its stock price was very low, and till then, it has been growing yearly.(10,187.65%)
| Year | Ist Target (in Rs.) | IInd Target (in Rs.) |
| 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 constantly shows growth as it scales up its product portfolio, like manufacturing a wide range of chemicals for many industries. Its product portfolio reached a good place in the market, and many reputed companies, including Parle Agro, Emami, GAIL, etc., use its products or chemicals. The expected Deepak Nitrite Share Price Target 2023 can be INR 2100 as its minimum target and INR 2150 as its maximum target.
Deepak Nitrite Share Price Target 2024
This company has multiple manufacturing units, and it is fulfilling the demand for chemicals across the world. They are trying to expand their business by increasing manufacturing units. So that they can complete the increasing demand for chemical products, the expected Deepak Nitrite share price target in 2024 can reach INR 2390 as its minimum target and INR 2460 as its maximum target.
Deepak Nitrite Share Price Target 2025
This company’s growth is very good, and it has given good returns to its investors. If we observe the past performance of Deepak Nitrite, it has given -a 2% return in the last year and 10% in the last six months. In the last five years, it has given 619% returns to its investors. This is a very good return. It is expected to also give huge returns in the upcoming time. The expected Deepak Nitrite share price target 2025 can reach INR 2700 as its minimum target and INR 2800 as its maximum target.
Deepak Nitrite Share Price Target 2030
This company has very strong fundamentals, and it has the potential to reach heights in the upcoming time. Because its current growth is good and past performance is also good. Its P/E ratio and EPS are also fine. Its presence is worldwide, and many famous companies also use its products. The expected Deepak Nitrite share price target 2030 can reach INR 5900 as its minimum target and INR 6200 as its maximum target.
Conclusion
Hey guys, I have shared information about Deepak Nitrite Share Price targets 2023, 2024, 2025, and 2030. This article is written on the base of technical and fundamental analysis. These share price targets are predicted per current growth and past performance. If you want to invest in this stock, research yourself, and you can invest on your level.
Never invest after seeing the predicted price. Because stock prices can increase or decrease randomly. So, invest wisely.
If you like this information, let us know in the comment section.
Also Read: ONGC Share Price Target 2023 to 2030
Frequently Asked Questions
What will be the expected Deepak Nitrite share price target 2025?
The expected Deepak Nitrite share price target 2025 can reach INR 2700 as its minimum target and INR 2800 as its maximum target.
What will be the expected Deepak Nitrite share price target for 2030?
The expected Deepak Nitrite share price target 2030 can reach INR 5900 as its minimum target and INR 6200 as its maximum target.
Is Deepak Nitrite a debt-free company?
No, it is not a debt-free company. It has a debt of around 270 Cr.
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