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21 Jun 2025 |
Deepak Nitrite
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Consensus Share Price Target
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1894.60 |
2131.47 |
- |
12.50 |
hold
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30 May 2025
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Deepak Nitrite
|
ICICI Securities Limited
|
1894.60
|
2000.00
|
2027.30
(-6.55%)
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Target met |
Hold
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Deepak Nitrite’s (DN) Q4FY25 underlying print suggests margin pressure intensified in Q4 with rise in supplies from China, particularly for agrochemical intermediates.
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29 May 2025
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Deepak Nitrite
|
Prabhudas Lilladhar
|
1894.60
|
1799.00
|
2100.40
(-9.80%)
|
5.05 |
Sell
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185ktpa of acetone and 100ktpa of isopropyl alcohol, including greenfield infrastructure capex for an aggregate investment of ~Rs35bn. pricing pressure, oversupply from China as well as elevated input costs, which appear to have softened now. Sequentially, Advanced Intermediates segment benefitted from volume gains in key products and new offtake agreements,...
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17 Feb 2025
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Deepak Nitrite
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Prabhudas Lilladhar
|
1894.60
|
1960.00
|
1898.50
(-0.21%)
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Target met |
Hold
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Due to sharp correction in price, we upgrade to HOLD with TP of Rs.1,960. Deepak Nitrite's (DN) Q3FY25 revenue stood at Rs19bn, down 5.3% YoY and 6.3% QoQ. Operating performance for the quarter was impacted as plants remained idle due to deferral in demand, lag adjusted recovery in agchem, increase in RM cost as well as oversupply from Chinese counterparts. Planned maintenance shutdown at its phenolics plants further led to a decline in performance and an increase in phenol imports. Nitric acid project is expected...
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14 Nov 2024
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Deepak Nitrite
|
Prabhudas Lilladhar
|
1894.60
|
2438.00
|
2638.50
(-28.19%)
|
Target met |
Sell
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17 Oct 2024
|
Deepak Nitrite
|
Prabhudas Lilladhar
|
1894.60
|
2582.00
|
2868.75
(-33.96%)
|
Target met |
Sell
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26 Sep 2024
|
Deepak Nitrite
|
CD Equisearch
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1894.60
|
2596.00
|
2819.45
(-32.80%)
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Target met |
Hold
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22 Aug 2024
|
Deepak Nitrite
|
Prabhudas Lilladhar
|
1894.60
|
|
2951.10
(-35.80%)
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09 Aug 2024
|
Deepak Nitrite
|
Prabhudas Lilladhar
|
1894.60
|
2780.00
|
3076.35
(-38.41%)
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Target met |
Sell
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15 Feb 2024
|
Deepak Nitrite
|
Prabhudas Lilladhar
|
1894.60
|
1985.00
|
2282.70
(-17.00%)
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Target met |
Sell
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10 Nov 2023
|
Deepak Nitrite
|
Prabhudas Lilladhar
|
1894.60
|
1935.00
|
2112.00
(-10.29%)
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Sell
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17 Oct 2023
|
Deepak Nitrite
|
Prabhudas Lilladhar
|
1894.60
|
1854.00
|
2125.40
(-10.86%)
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Sell
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31 Aug 2023
|
Deepak Nitrite
|
CD Equisearch
|
1894.60
|
2426.00
|
2220.00
(-14.66%)
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Target met |
Accumulate
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13 May 2023
|
Deepak Nitrite
|
Motilal Oswal
|
1894.60
|
1775.00
|
1933.50
(-2.01%)
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Neutral
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23 Feb 2023
|
Deepak Nitrite
|
Motilal Oswal
|
1894.60
|
1890.00
|
1793.25
(5.65%)
|
Target met |
Neutral
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10 Feb 2023
|
Deepak Nitrite
|
Motilal Oswal
|
1894.60
|
1890.00
|
1785.70
(6.10%)
|
Target met |
Neutral
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28 Dec 2022
|
Deepak Nitrite
|
CD Equisearch
|
1894.60
|
2504.00
|
1976.25
(-4.13%)
|
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Buy
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11 Nov 2022
|
Deepak Nitrite
|
Motilal Oswal
|
1894.60
|
1890.00
|
2118.15
(-10.55%)
|
Target met |
Neutral
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09 Sep 2022
|
Deepak Nitrite
|
SBI Securities
|
1894.60
|
2358.00
|
2149.10
(-11.84%)
|
Target met |
Buy
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03 Aug 2022
|
Deepak Nitrite
|
Motilal Oswal
|
1894.60
|
1887.00
|
2012.45
(-5.86%)
|
Target met |
Neutral
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11 Feb 2022
|
Deepak Nitrite
|
CD Equisearch
|
1894.60
|
2723.00
|
2137.85
(-11.38%)
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Accumulate
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Helped by robust growth in phenolics and basic intermediates businesses, revenues from operations rose by 39.4% to Rs 1722.27 in Q3 compared to Rs 1234.69 crs in the same quarter a year ago. Backed by robust demand in India and in key export markets, DNL's phenolics business posted yet another record setting asset utilization rate (capacity utilization 117% for Q3), while the basic intermediates business profited from healthy product realizations as price hikes were undertaken to offset rising raw material prices. After a lull in demand, DNL's performance products business did...
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