Deepak Nitrite (DEN) posted another strong performance in Q4FY20. Impact from COVID-19 led nationwide lockdown was counterbalanced by consistent margin profiles across business segments.

Deepak Nitrite Ltd. is trading below its 100 day SMA of 2221.4

Deepak Nitrite Ltd.

23 Apr 2020

1987.40

0.48%

Deepak Nitrite Ltd.

Accumulate: Deepak Nitrite Ltd.

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CD Equisearch

Dazzled by all but miraculous showing of DNL's barely pretentious performance products business in last few quarters, DNL's consolidated PBT surged by all but astonishing 377.6% in the first nine months of FY20 compared to that in the same period a year ago. Thanks to pinched supply of DASDA globally, DNL's performance products business EBIT leapfrogged nearly tenfold in the reported period, though sales advanced by a miserly 2x. Yet margins of performance products have moderated in last few quarters, declining to 54.1% in Q3 from 58.1% in Q1, with further...

Deepak Nitrite Ltd. has lost -26.58% in the last 6 Months

Deepak Nitrite Ltd.

11 Feb 2020

1987.40

0.48%

Deepak Nitrite Ltd - Result Update Q3FY20

Buy: Deepak Nitrite Ltd.

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Edelweiss

Deepak Nitrite Ltd (DEN) posted solid Q3FY20 performance as the results for all the three segments in their base business remained strong.

Deepak Nitrite Ltd. is trading above its 50 day SMA of 1971.5

Deepak Nitrite Ltd.

27 Nov 2019

1987.40

0.48%

Deepak Nitrite Ltd

Accumulate: Deepak Nitrite Ltd.

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CD Equisearch

Hurt by planned shutdown of the phenol for two weeks coupled with moderation in global phenol prices, DNL's phenolics business posted over 13% drop in revenues last quarter, while crack spreads continued its moderation not least due to slowdown in global economic growth and subdued activity in Indian real estate and automobile sectors. EBIT margin as a consequence slid to 5.6% in Q2 compared to 11.8% in the preceding...

Deepak Nitrite Ltd. has lost -26.58% in the last 6 Months

Deepak Nitrite Ltd.

13 Nov 2019

1987.40

0.48%

Deepak Nitrite Ltd - Result Update Q2FY20

Buy: Deepak Nitrite Ltd.

Target

Edelweiss

Deepak Nitrite's (DEN) base business continued on its robust growth momentum in Q2FY20, particularly driven by the stellar performance of the Performance Products (PP) segment.

Deepak Nitrite Ltd. has lost -26.58% in the last 6 Months

Deepak Nitrite Ltd.

09 Aug 2019

1987.40

0.48%

Deepak Nitrite Ltd - Result Update Q1FY20

Buy: Deepak Nitrite Ltd.

Target

Edelweiss

Deepak Nitrite (DEN) recorded impressive growth during the quarter with 127% y-o-y and 4% sequential increase in revenues to INR 1,051 crore, ahead of our estimates by 3%.

Deepak Nitrite Ltd. is trading above its 50 day SMA of 1971.5

Is Deepak Nitrite Ltd. worth buying?

1237 Votes:

Buy 82.86%

Sell 10.19%

Hold 6.95%

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