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Deepak Nitrite Limited (DEEPAKNI) Fair Value & Analysis

Basic Materials · IN · Market cap ₹332B

DN Deepak Nitrite Limited DEEPAKNI · BSE
Price₹1,768
Fair Value₹824.05
Upside-53.4%
Quality49/100
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Mixed Growth
Solidly profitable · 15.6% net margin
Low debt · generates free cash flow
0.19% dividend yield
Wide moat 80/100
Evidence: High Range ₹347.62 – ₹1,086 Share as image

Fair value as of: Aug 20, 2026

From 25 valuation models · updated today

Share price +5.2% over the past month.

Below-average quality, and screening another 53% overvalued on our models.

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What matters now

  • The price sits above even our optimistic bull case (₹1,086). The favourable scenario is already priced in.
  • The model range is unusually wide (₹347.62 to ₹1,086). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (49/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

₹3,075 ₹1,282 Fair Value ₹824.05 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 20, 2026.

How to read this chart

60‑month range ₹1,282 – ₹3,075 · fair‑value band ₹347.62 – ₹1,086 · the ₹1,768 price screens above the ₹824.05 fair value. Dashed = 300-day average. As of Aug 20, 2026.

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Analysis

Deepak Nitrite Limited (DEEPAKNI) currently trades at ₹1,768, while our model-based Fair Value estimate is ₹824.05, implying the stock looks roughly 53.4% overvalued today. The Quality Score stands at 49/100 (below-average quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Deepak Nitrite Limited generated revenue of ₹38.4B at a net margin of 15.6%. Revenue declined 1.6% year over year. It earns a return on equity of 37.9%. Net debt stands at ₹168M. Fundamentals as of Aug 20, 2026

Our scenario range runs from ₹347.62 (bear case) to ₹1,086 (bull case); at ₹1,768, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 7% below its 52-week high and 39% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -55% fair-value upside, at -53%, DEEPAKNI screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹241.46 ₹590.12 ₹1,172 80
Residual Income ₹380.55 ₹486.98 ₹1,365 76
Rev-Margin DCF ₹460.60 ₹989.40 ₹1,729 74
All 25 models by family
DCF Models
FCF DCF ₹249.36 ₹539.14 ₹1,297 38
5Y Revenue Exit ₹460.60 ₹1,020 ₹1,835 39
5Y EBITDA Exit ₹432.32 ₹957.17 ₹1,662 41
5Y P/E Exit ₹464.98 ₹1,030 ₹1,725 38
10Y Revenue Exit ₹372.47 ₹903.98 ₹1,835 36
10Y EBITDA Exit ₹376.35 ₹854.81 ₹1,675 37
10Y P/E Exit ₹399.20 ₹911.58 ₹1,733 35
Earnings-Based
Graham-Dodd ₹347.62 ₹2,036 ₹2,835 54
Lynch FV ₹576.84 ₹824.05 ₹1,071 50
PEG = 1.0 ₹576.84 ₹824.05 ₹1,071 46
EPV ₹447.54 ₹539.07 ₹620.43 59
Dividend Discount
Gordon GGM ₹72.14 ₹157.49 ₹264.99 70
DDM Multi-Stage ₹72.14 ₹129.01 ₹164.13 61
Multiples
P/E Multiple ₹651.78 ₹869.04 ₹1,086 63
P/S Multiple ₹651.78 ₹869.04 ₹1,086 58
P/B Multiple ₹651.78 ₹869.04 ₹1,086 55
EV/EBIT ₹623.87 ₹855.54 ₹1,087 53
EV/EBITDA ₹532.73 ₹734.02 ₹935.31 54
EV/Revenue ₹531.21 ₹789.35 ₹1,048 43
Asset-Based
NCAV (Graham) ₹197.54 ₹264.71 ₹395.08 50
Growth DCF
Growth DCF ₹241.46 ₹590.12 ₹1,172 80
Rev-Margin DCF ₹460.60 ₹989.40 ₹1,729 74
Economic Profit
Residual Income ₹380.55 ₹486.98 ₹1,365 76
ROIC Compounder ₹488.46 ₹759.36 ₹1,001 72
Growth Earnings
Growth-Adj P/E ₹771.71 ₹1,102 ₹1,433 68

Widest divergence: Growth Earnings (₹1,102) versus Dividend Discount (₹129.01). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹38.4B
Revenue growth (YoY) -1.6%
Net margin 15.6%
Return on equity 37.9%
Free cash flow ₹2.9B FY2023
P/E ratio 57.5 as of Aug 20, 2026
More key figures
Operating margin 22.2%
EPS (TTM) ₹43.85
Dividend yield 0.2%
EPS growth (YoY) +13.1%
Net debt ₹168M FY2023

Figures from reported company fundamentals · as of Aug 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 49/100

Of which business quality 48 · Market factors (momentum, volatility) 51

Profitability 56
Margins and returns on capital today
Quality Growth 17
Are margins and returns improving?
Cashflow 23
Earnings quality: real cash, not paper profit
Fin. Strength 79
Balance sheet, leverage, solvency risk
Investment 16
Disciplined investing over empire-building
Low Volatility 64
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 55
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Deepak Nitrite Limited manufactures and sells basic chemicals, fine and speciality chemicals, performance products, and phenolics in India. The company's Basic Chemicals segments offers intermediates for colorants, rubber chemicals, explosives, dyes, pigments, food colors, pharmaceuticals, petrol and diesel blending, and agrochemicals.

Full company description

Deepak Nitrite Limited manufactures and sells basic chemicals, fine and speciality chemicals, performance products, and phenolics in India. The company's Basic Chemicals segments offers intermediates for colorants, rubber chemicals, explosives, dyes, pigments, food colors, pharmaceuticals, petrol and diesel blending, and agrochemicals. Its Fine and Speciality Chemicals segment provides products for agro-chemicals, colorants, pigments, pharmaceuticals, and personal wellness products. The company's Performance Products segment offers optical brighteners; and products for paper, detergent, coating, and textile industries. Its Phenolics segment provides phenols, cumene, isopropyl alcohol, and acetone. It also exports its products primarily to Europe, the United States, Japan, Latin America, and South East and Far-East Asia. Deepak Nitrite Limited was founded in 1970 and is based in Vadodara, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Deepak Nitrite Limited reported revenue of ₹82.8B in FY2025 versus ₹43.6B in FY2021, a compound +17.4%/yr. Reported net income was ₹7.0B in FY2025, compounding −2.6%/yr from FY2021.

Growth Quality 86/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
₹82.8B
Latest YoY
+7.8%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+6.8%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+14.4%
Avg. growth/yr (11Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+18.6%
Revenue +17.4%/yr
FY21 ₹43.6B
FY22 ₹68.0B
FY23 ₹79.7B
FY24 ₹76.8B
FY25 ₹82.8B
Net income −2.6%/yr
FY21 ₹7.8B
FY22 ₹10.7B
FY23 ₹8.5B
FY24 ₹8.1B
FY25 ₹7.0B

DEEPAKNI screens 53% overvalued. Compare with BASF SE →

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Cite: Fair Value Calculator (2026). "Deepak Nitrite Limited Fair Value". https://www.fairvalue-calculator.com/stock/DEEPAKNI

Peer Group

Chemicals · 333 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 50 · Below median
Fair Value upside −53% · Below median
Return on equity (TTM) 38% · Top 25%
Return on assets 17% · Top 25%
Net margin (TTM) 16% · Top 25%
Operating margin (TTM) 22% · Top 25%
Revenue growth -2% · Below median
Dividend yield (TTM) 0.3% · Bottom 25%
Debt / equity 0.19× · Higher than median

Valuation Multiples vs Chemicals median · lower = cheaper

P/E (TTM) 57.5× · Pricier than 75% of peers
P/B 6.17× · Pricier than 75% of peers
P/S (TTM) 8.66× · Pricier than 75% of peers
P/FCF 1.2× · Cheaper than median
EV/EBITDA 34.9× · Pricier than 75% of peers

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Chemicals stocks, each showing price versus our Fair Value estimate (as of Aug 20, 2026).

Stock Price Fair Value vs Fair Value
BASF SE BASN 1,034 MXN 467.04 MXN -55%
PT Barito Pacific Tbk, BRPT 1,855 IDR 1,584 IDR -15%
LG Chem, Ltd 051910 275,500 KRW 587,755 KRW +113%
SRF Limited 503806 ₹2,609 ₹749.17 -71%
542812 542812 ₹4,709 ₹791.05 -83%
Navin Fluorine International Limited NAVINFLUOR ₹8,357 ₹2,146 -74%
523642 523642 ₹2,484 ₹1,745 -30%
506285 506285 ₹4,048 ₹1,589 -61%
Kansai Nerolac Paints Limited 500165 ₹209.25 ₹80.51 -62%
KCC Corporation 002380 454,000 KRW 1,763,304 KRW +288%

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Frequently asked questions

Is Deepak Nitrite Limited (DEEPAKNI) overvalued or undervalued?
As of Aug 20, 2026, our model estimates a fair value of ₹824.05 versus a price of ₹1,768, about −53% (overvalued).
What is the fair value of DEEPAKNI?
Our model-based fair value for Deepak Nitrite Limited is ₹824.05 (as of Aug 20, 2026), built from audited fundamentals. The current price: ₹1,768.
What is the quality score of DEEPAKNI?
Deepak Nitrite Limited has a Quality Score of 49/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Deepak Nitrite Limited (DEEPAKNI)?
Deepak Nitrite Limited reported trailing-twelve-month revenue of about ₹38.4B (latest available figure, as of Aug 20, 2026).
What is the net profit margin of DEEPAKNI?
The net profit margin of Deepak Nitrite Limited is about 15.6%, meaning it keeps roughly 15.6% of revenue as net income. Based on the latest reported figures.
Does Deepak Nitrite Limited pay a dividend?
Deepak Nitrite Limited currently shows a dividend yield of about 0.19% relative to its recent price (as of Aug 20, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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