Deepak Nitrite Ltd closes at ₹506.75 with a Fall
of -0.10 % on
30-April-2020 with formation of a Red Candle on Daily Price
Chart.
Deepak Nitrite manufactures Basic Chemicals, Fine &
Speciality Chemicals and Performance Products
The company is
expected to post Revenue of Rs.4223.85 cr
& Net Profit of Rs.561.62 Cr (Last Year Revenue Rs.2669.92 Cr and Net Profit Rs.174.04 Cr) in FY2020( E ) and Revenue of Rs.4197.85 cr
& Net Profit of Rs.461.25 Cr in FY2021 ( E
Valuations
: The Company is now Trading at X1.1 of its Value ( last 4 Quarters
earnings considered .We have valued the company with its full Current year 2020 earnings ( PAT ), which is now X0.75 , a Discount
of ~25% to its Value ( EPV Method ) ; X0.91 of its CY21 earnings with a Discount of ~9 % to its Value .
Disclaimer : We
are / may going to take exposure shortly.
The author tracks economic, behavioural and corporate tends,
hoping to gauge good avenues of return based on Fundamental Valuations of
Stocks, a follower of EPV method. You
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