Deepak Nitrite
Ltd (506401)
closes at ₹1926.75 with a Gain of +2.30% on
02-July-2021 with formation of a Green
Candle on Daily Price Chart.
About the Company : Deepak Nitrite is a
trusted name in the Indian chemical industry and it has done so by having the
right combination of dedicated employees, effective manufacturing processes and
a sustained effort of building long term relationships with external stakeholders.
Sector Update : Positive
Financials : Deepak Nitrite
Ltd has posted Net Sales / Revenue of ₹4102.60 Cr & Net
Profit of ₹706.30 Cr in FY2021 and expected to post Net Sales /
Revenue of ₹5229.70 Cr & Net Profit of ₹922.50 Cr in FY2022 &
Net Sales / Revenue of ₹5755.50 Cr & Net
Profit of ₹1057.20 Cr in FY2023 .
The company will Reduce its
Net Debt from ₹665.20 Cr in
FY2021 to ₹182.60 Cr in by FY2022.
Valuations :
The Company is now Trading at X 2..3 of its valuations of FY2021 earnings with ~130% Premium and X1.73 of
its FY2022 earnings with ~73% Premium & X1.51 of its FY2023 earnings with ~51% Premium.
Margin
of Safety (1Yr Bond Yield: Value>1 ) is now
0.70 which makes is attractive after ~30% dip in price.
The Equity Value Per Share ( Enterprise Value Method ) is ₹1925
If We factor its FY2023 earnings/valuations, its Price
arrives at ₹2940.
Disclaimer : We are / may going to take exposure shortly.
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