Deepak Nitrite Ltd. is an Indian company. It mainly deals with chemical manufacturing. It was founded in 1970. The founder of this company is Chimanlal Khimchand Mehta. The headquarter is located in Baroda, Gujarat India. It mainly deals with
Acetone, Agrochemicals, detergents, Dyes, Pigments, Pharmaceutical intermediates, Rubber and Fuel Additives. The shares are traded on both BSE and NSE.
Standalone Highlights
Revenues grew by 28% to Rs. 1,876 crore.
EBITDA stood at Rs. 414 crore.
PAT is Rs. 267 crore for Q4 FY22.
Consolidated Highlights
Revenues increased 56% Y-o-Y to Rs. 6,845 crore.
EBITDA increased 30% Y-o-Y to Rs. 1,646 crore.
PAT grew 37% Y-o-Y to Rs. 1,067 crore.
Management talks
“We will continue to be nimble to the changing needs and preferences of our customers and deliver specialized solutions. While doing so, we will prudently deploy capital to elevate our market position in the chosen chemistries.”
Mr. Deepak C. Mehta, Chairman & Managing Director
Management Updates
The final dividend declared, Rs. 7 per share.
DNL stood debt free driven by strong net worth of Rs. 3,338 crore.
The company has achieved RoCE of over 30% for over 10 consecutive quarters.
Business Updates
Deepak Nitrite has reappointed Sanjay Upadhyay as CFO.
In the Performance Product segment, revenues grew by 74% to Rs. 529 crore in FY22.
The Company has received permissions from BoD and Shareholders for issue of equity shares through QIP.