Deepak Nitrite

Vadodara, India Founded: 1970 • Age: 56 yrs Listed Fortune India 500 · #308
Manufacturer of detergents, dyes pigments and diversified chemicals

About Deepak Nitrite

Deepak Nitrite is a publicly listed company based in Vadodara (India) founded in 1970. Manufacturer of detergents, dyes pigments and diversified chemicals. The company has 1,731 employees. Its Indian entity Deepak Nitrite Limited reported revenue of β‚Ή7,947 Cr. Deepak Nitrite offers products and services including Deepak Nitrite Platform.

Company details

Deepak Nitrite, established in 1970, excels in manufacturer of detergents, dyes pigments and diversified chemicals. Manufacturer of detergents, dyes pigments and diversified chemicals. Committed to advancing standards, it focuses on innovation and efficiency. It continues to evolve, meeting industry challenges with strategic approaches and commitment to quality.

Deepak Nitrite is ranked #308 on the Fortune India 500 (2025).

Recognitions & Rankings of Deepak Nitrite

Fortune India 500 2025 edition
Rank#308
Total income
₹8,391 Cr
Profit
₹697 Cr
Last year #302
India's Most Valuable Companies 2024 edition · Source: Hurun India
Rank#166
Valuation
₹36,470 Cr
2023 #160 2022 #131 2021 #126
Key Metrics
  • Market Cap
    ₹20,724 Cr

    DEEPAKNTR · NSE

  • Share Price
    ₹1,531.20

    +0.78% today

  • Revenue
    ₹7,887 Cr

    FY 2025-26 · -4.8% YoY

  • EBITDA
    ₹971 Cr

    Margin 12.3%

  • Net Profit
    ₹551 Cr

    FY 2025-26 · -17.5% YoY

  • P/E (TTM)
    25.6x

    P/B 3.5x

  • ROE
    9.8%

    ROCE 11.3%

  • Debt / Equity
    0.26

    Interest cover 6.6x

  • Employee Count
    1,731

Products & Services of Deepak Nitrite

Deepak Nitrite offers a comprehensive portfolio of products and services, including Deepak Nitrite Platform.

Deepak Nitrite Platform

Manufacturer of detergents, dyes & pigments and diversified chemicals

Board of directors of Deepak Nitrite Limited (Deepak Nitrite)

Deepak Nitrite Limited is the primary company behind Deepak Nitrite. The board of Deepak Nitrite Limited currently have 13 directors; the longest-serving is Deepak Chimanlal Mehta, appointed in 1978. 20 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Deepak Chimanlal Mehta
DIN 00028377
Managing Director14 Jun 197848 yrs 4 moDeepak Nitrite Limited
Maulik Deepak Mehta
DIN 05227290
Managing Director09 May 201610 yrs 5 moDeepak Nitrite Limited
Sanjay Bakulchandra Upadhyay
DIN 01776546
Whole-time director28 Apr 20179 yrs 6 moDeepak Nitrite Limited
Meghav Deepak Mehta
DIN 05229853
Managing Director04 May 20224 yrs 5 moDeepak Nitrite Limited
Vipul Shantilal Shah
DIN 00174680
Director08 Aug 20224 yrs 2 moDeepak Nitrite Limited
Punit Sanjay Lalbhai
DIN 05125502
Director08 Aug 20224 yrs 2 moDeepak Nitrite Limited
Girish Raghunath Satarkar
DIN 00340116
Whole-time director04 Aug 20233 yrs 2 moDeepak Nitrite Limited
Bhumika Batra
DIN 03502004
Director28 Jun 20251 yr 4 moDeepak Nitrite Limited
Arvind Nath Agrawal
DIN 00193566
Director28 Jun 20251 yr 4 moDeepak Nitrite Limited
Mahesh Ramchand Chhabria
DIN 00166049
Director28 Jun 20251 yr 4 moDeepak Nitrite Limited
Anant Pande
DIN 08186854
Whole-time director05 Aug 20262 moDeepak Nitrite Limited
Adnan Wajhat Ahmad
DIN 00046742
Director07 Aug 20262 moDeepak Nitrite Limited
Milin Kaimas Mehta
DIN 01297508
Director07 Aug 20262 moDeepak Nitrite Limited

People of Deepak Nitrite

24 people are tracked at Deepak Nitrite (6 in leadership, 9 in board & advisors, 9 in team); the tracked headcount is 1,731.

NameRoleGroup
Managing DirectorLeadership
Director of Finance & CFOLeadership
Gopal T.
Chief Financial Officer -dctlLeadership
CEO & Executive DirectorLeadership
Dr. Prashant Rao
Vice President & Head Corporate Human ResourcesLeadership
Dr.yogendra Chauhan
PresidentLeadership
Purvi Sheth
Board MemberBoard & advisors
Independent DirectorBoard & advisors
Prakash Samudra
Independent DirectorBoard & advisors
Shri Punit Lalbhai
Independent DirectorBoard & advisors
Non-Executive DirectorBoard & advisors
A. C. Mehta
Board MemberBoard & advisors
Dileep C. Choksi
Board MemberBoard & advisors
Sanjay Asher
Board MemberBoard & advisors
Executive DirectorBoard & advisors
Ratnesh Gaur
Senior ManagerTeam
Kalpesh Gohil
Maintenance ManagerTeam
Monika Chauhan
Assistant ManagerTeam
Ashith Desai
ManagerTeam
Tejas Rana
Executive Chemical EngineerTeam

4 more people are available in the full profile.

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Complete people profiles for Deepak Nitrite

Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.

  • Full employee list
  • Team structure
  • Board tenure
  • Professional contacts

Verified entity values are shown only after access is granted.

IPO & Listings of Deepak Nitrite

Deepak Nitrite is a publicly listed company on the NSE with ticker symbol DEEPAKNTR in India, operating in the Process industries sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date29 Sep 2010
  • Listed onNSE: DEEPAKNTR
  • Listed entityDeepak Nitrite Limited
  • Exchange sectorProcess industries

Financials of Deepak Nitrite

Exchange-reported figures of Deepak Nitrite Limited, the listed company behind Deepak Nitrite (NSE: DEEPAKNTR).

Financial Highlights

FY 2025-26 Β· Consolidated
Revenue
₹7,887 Cr
-4.8% YoY
EBITDA
₹971 Cr
-11.3% YoY
Profit After Tax
₹551 Cr
-17.5% YoY
Net Worth
₹5,837 Cr
+8.3% YoY
Total Assets
₹7,557 Cr
+12.2% YoY
Total Debt
₹1,638 Cr
+29.3% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue7,8878,2827,6827,9726,8024,3604,230
Revenue growth-4.8%+7.8%-3.6%+17.2%+56.0%+3.1%-
EBITDA9711,0951,1271,2911,6061,2501,029
EBITDA margin+12.3%+13.2%+14.7%+16.2%+23.6%+28.7%+24.3%
Profit before tax7579531,1021,1461,4341,042806
Net profit5516687288431,063777616
Net profit margin+7.0%+8.1%+9.5%+10.6%+15.6%+17.8%+14.6%
EPS (β‚Ή)40.3651.1259.4562.4678.2056.8844.80
Balance sheet
Total assets7,5576,7355,1444,1933,6752,9542,694
Net worth5,8375,3894,7974,0903,3382,3471,572
Total debt1,6381,26728672.863155901,107
Cash & bank26940746539.9541.7933.4331.40
Net working capital1,9972,0191,9441,5831,216767721
Cash flow
Cash from operations5396258746508241,002765
Cash from investing(669)(1,489)(717)(276)(424)(396)(428)
Cash from financing19380643.53(359)(386)(599)(338)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue2,5782,1201,9751,9021,8902,1801,9032,032
Revenue growth (YoY)+36.4%-2.7%+3.8%-6.4%-12.8%---
Other income14.016.868.5019.9524.5622.7920.9921.27
EBITDA540376198204190317169298
EBITDA margin+21.0%+17.7%+10.0%+10.7%+10.0%+14.5%+8.9%+14.6%
Depreciation63.6662.5957.5553.2551.2551.2548.2248.46
Interest22.9118.9111.047.948.139.346.116.30
Profit before tax468301138163155279135264
Tax12381.5238.1544.2842.4976.2137.0769.83
Net profit34522099.8211911220298.13194
EPS (β‚Ή)25.3016.117.328.718.2314.847.1914.24
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue2,6392,5262,7243,0342,5111,8092,230
Revenue growth+4.5%-7.3%-10.2%+20.8%+38.8%-18.9%-
EBITDA215294446587646537798
EBITDA margin+8.1%+11.6%+16.4%+19.4%+25.8%+29.7%+35.8%
Profit before tax225338558610642479706
Net profit195238353460482355548
Net profit margin+7.4%+9.4%+13.0%+15.2%+19.2%+19.6%+24.6%
EPS (β‚Ή)13.8520.2731.7834.4135.6526.0139.89
Balance sheet
Total assets3,3103,2083,0162,6622,2991,8681,723
Net worth3,2153,1262,9552,6252,2561,8451,491
Total debt60.0149.7332.0310.6824.007.89219
Cash & bank7.738.0617517.949.044.433.73
Net working capital6887981,144827666371382
Cash flow
Cash from operations393254418310228442515
Cash from investing(280)(333)(156)(188)(159)(226)(268)
Cash from financing(114)(88.37)(106)(113)(64.37)(215)(248)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue807718694616612654552605
Revenue growth (YoY)+31.8%+9.7%+25.7%+1.9%-14.5%---
Other income6.188.405.2099.857.4218.967.68110
Total expenses697645659569553577510530
EBITDA11072.6334.1846.5159.6377.7541.7974.90
EBITDA margin+13.6%+10.1%+4.9%+7.6%+9.7%+11.9%+7.6%+12.4%
Depreciation27.0026.3026.9426.2525.2625.3524.6725.37
Interest1.921.300.791.020.861.020.950.86
Profit before tax87.0953.4311.6511940.9370.3423.85158
Tax22.3814.633.517.4410.6416.476.6016.06

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 02 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue2,5782,1201,9751,9021,8902,1801,9032,032
Revenue growth (YoY)+36.4%-2.7%+3.8%-6.4%-12.8%---
Other income14.016.868.5019.9524.5622.7920.9921.27
EBITDA540376198204190317169298
EBITDA margin+21.0%+17.7%+10.0%+10.7%+10.0%+14.5%+8.9%+14.6%
Depreciation63.6662.5957.5553.2551.2551.2548.2248.46
Interest22.9118.9111.047.948.139.346.116.30
Profit before tax468301138163155279135264
Tax12381.5238.1544.2842.4976.2137.0769.83
Net profit34522099.8211911220298.13194
EPS (β‚Ή)25.3016.117.328.718.2314.847.1914.24
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue7,8878,2827,6827,9726,8024,3604,230
Revenue growth-4.8%+7.8%-3.6%+17.2%+56.0%+3.1%-
Other income59.8783.8615647.5842.6121.5235.20
Total expenses6,9167,1876,5556,6815,1963,1103,201
Employee cost423392351318274247217
EBITDA9711,0951,1271,2911,6061,2501,029
EBITDA margin+12.3%+13.2%+14.7%+16.2%+23.6%+28.7%+24.3%
Depreciation225195166166178153140
Interest49.1730.8015.1026.6836.3777.33118
Profit before tax7579531,1021,1461,4341,042806
Tax206255291294368266195
Net profit5516687288431,063777616
Net profit margin+7.0%+8.1%+9.5%+10.6%+15.6%+17.8%+14.6%
EPS (β‚Ή)40.3651.1259.4562.4678.2056.8844.80
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital27.2827.2827.2827.2827.2827.2827.28
Reserves & surplus5,8105,3614,7694,0633,3112,3191,545
Shareholders' funds (net worth)5,8375,3894,7974,0903,3382,3471,572
Minority interest32.4535.9926.060.000.000.000.00
Secured loans1,2611,17121754.48301578968
Unsecured loans37696.4869.1318.3814.3512.20139
Total debt1,6381,26728672.863155901,107
Total liabilities7,5576,7355,1444,1933,6752,9542,694
Assets
Gross block4,6203,5843,2242,7072,5672,2931,972
Net block3,2702,4572,2931,9421,9631,8641,832
Capital work in progress1,8281,649774301122220172
Investments2135111223794391892.38
Inventories863929761894586389402
Sundry debtors1,5061,2741,2981,3101,129756613
Cash & bank balances26940746539.9541.7933.4331.40
Loans & advances23718219912092.5592.97118
Total current assets2,8752,7922,7232,3631,8501,2721,164
Total current liabilities878772779780634505443
Net working capital1,9972,0191,9441,5831,216767721
Total assets7,5576,7355,1444,1933,6752,9542,694
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash17923837.6422.858.892.142.96
Net cash from operating activities5396258746508241,002765
Net cash from investing activities(669)(1,489)(717)(276)(424)(396)(428)
Net cash from financing activities19380643.53(359)(386)(599)(338)
Net change in cash63.73(58.56)20014.7913.966.75(0.82)
Closing cash26940746539.9541.7933.4331.40
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-4.8%+7.8%-3.6%+17.2%+56.0%+3.1%-
EBITDA growth-11.3%-2.8%-12.8%-19.6%+28.5%+21.5%-
PBT growth-20.5%-13.5%-3.9%-20.1%+37.7%+29.2%+200.9%
Net income growth-17.5%-8.2%-13.7%-20.6%+36.8%+26.2%-
Revenue CAGR (3Y)-0.4%+6.8%+20.8%+23.5%+36.1%+38.2%+45.6%
EBITDA CAGR (3Y)-9.1%-12.0%-3.4%+7.9%+56.7%+84.7%+95.4%
Profitability & leverage
Net income margin+7.0%+8.4%+10.6%+10.7%+15.7%+17.8%+14.5%
Return on capital employed+11.3%+16.7%+21.6%+29.8%+44.4%+39.6%+37.1%
Return on net worth+9.8%+13.7%+16.4%+22.9%+37.5%+39.6%+46.2%
Debt / equity0.260.150.040.050.160.430.87
Long-term debt / equity0.210.140.040.030.130.340.63
Interest cover6.593.421.572.372.557.0513.27
Efficiency & per share
Fixed asset turnover1.922.432.593.022.802.042.25
Inventory turnover8.809.809.2810.7713.9511.0210.31
Debtors turnover5.686.445.896.547.226.377.12
EPS (β‚Ή)40.3651.1259.4562.4678.2056.8844.80
Dividend per share (β‚Ή)7.507.507.507.507.005.504.50
Book value per share (β‚Ή)427.92395.06351.66299.85244.75172.04115.24
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue807718694616612654552605
Revenue growth (YoY)+31.8%+9.7%+25.7%+1.9%-14.5%---
Other income6.188.405.2099.857.4218.967.68110
Total expenses697645659569553577510530
EBITDA11072.6334.1846.5159.6377.7541.7974.90
EBITDA margin+13.6%+10.1%+4.9%+7.6%+9.7%+11.9%+7.6%+12.4%
Depreciation27.0026.3026.9426.2525.2625.3524.6725.37
Interest1.921.300.791.020.861.020.950.86
Profit before tax87.0953.4311.6511940.9370.3423.85158
Tax22.3814.633.517.4410.6416.476.6016.06
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue2,6392,5262,7243,0342,5111,8092,230
Revenue growth+4.5%-7.3%-10.2%+20.8%+38.8%-18.9%-
Other income12114920410270.8013.547.58
Total expenses2,4252,2332,2782,4471,8651,2721,431
Employee cost280275250230197181173
EBITDA215294446587646537798
EBITDA margin+8.1%+11.6%+16.4%+19.4%+25.8%+29.7%+35.8%
Depreciation10599.8786.7976.1672.5466.8877.93
Interest5.595.474.352.552.755.5222.01
Profit before tax225338558610642479706
Tax36.2261.11125140156124162
Net profit195238353460482355548
Net profit margin+7.4%+9.4%+13.0%+15.2%+19.2%+19.6%+24.6%
EPS (β‚Ή)13.8520.2731.7834.4135.6526.0139.89
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital27.2827.2827.2827.2827.2827.2827.28
Reserves & surplus3,1883,0992,9272,5982,2291,8171,464
Shareholders' funds (net worth)3,2153,1262,9552,6252,2561,8451,491
Secured loans12.9718.870.000.0013.990.0084.25
Unsecured loans47.0430.8632.0310.6810.017.89135
Total debt60.0149.7332.0310.6824.007.89219
Total liabilities3,3103,2083,0162,6622,2991,8681,723
Assets
Gross block1,7031,4591,3021,1209961,031798
Net block1,041898835728674776720
Capital work in progress65.7817012677.0383.3368.7689.88
Investments1,5661,3729451,057909689563
Inventories422455381449340216241
Sundry debtors594613614597550354366
Cash & bank balances7.738.0617517.949.044.433.73
Loans & advances96.0683.7228195.4860.3357.5856.80
Total current assets1,1201,1591,4511,159960632668
Total current liabilities432361307332294261286
Net working capital6887981,144827666371382
Total assets3,3103,2083,0162,6622,2991,8681,723
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash6.0917316.157.443.062.102.81
Net cash from operating activities393254418310228442515
Net cash from investing activities(280)(333)(156)(188)(159)(226)(268)
Net cash from financing activities(114)(88.37)(106)(113)(64.37)(215)(248)
Net change in cash(0.26)(167)1578.714.380.96(0.71)
Closing cash7.738.0617517.949.044.433.73
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+4.5%-7.3%-10.2%+20.8%+38.8%-18.9%-
EBITDA growth-26.9%-34.1%-24.0%-9.2%+20.3%-32.7%-
PBT growth-33.3%-39.5%-8.5%-5.0%+34.1%-32.2%+232.3%
Net income growth-18.2%-32.6%-23.3%-4.5%+35.8%-35.3%-
Revenue CAGR (3Y)-4.5%+0.2%+14.6%+10.8%+11.9%+7.5%+21.8%
EBITDA CAGR (3Y)-28.5%-23.1%-6.0%-9.8%+28.1%+38.0%+76.7%
Profitability & leverage
Net income margin+7.2%+10.9%+15.9%+15.5%+19.4%+19.6%+24.4%
Return on capital employed+7.1%+11.0%+16.1%+24.7%+30.9%+27.0%+46.7%
Return on net worth+6.0%+9.1%+12.7%+19.2%+23.7%+21.3%+42.7%
Debt / equity0.020.010.010.010.010.070.21
Long-term debt / equity0.010.010.010.000.000.010.04
Interest cover5.092.821.210.500.481.173.05
Efficiency & per share
Fixed asset turnover1.671.832.252.872.481.983.10
Inventory turnover6.026.046.577.699.037.929.27
Debtors turnover4.374.124.505.295.565.036.28
EPS (β‚Ή)13.8520.2731.7834.4135.6526.0139.89
Dividend per share (β‚Ή)7.507.507.507.507.005.504.50
Book value per share (β‚Ή)235.73229.21216.61192.45165.40135.25109.34

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Frequently Asked Questions about Deepak Nitrite

Deepak Nitrite was founded in 1970.

Deepak Nitrite is headquartered in Vadodara, India. It is registered at Vadodara, Gujarat, India.

Deepak Nitrite has 1,731 employees.

The primary company behind Deepak Nitrite, Deepak Nitrite Limited, reported revenue of β‚Ή7,947 Cr for FY 2026, down 5% year on year.

Deepak Nitrite, established in 1970, excels in manufacturer of detergents, dyes pigments and diversified chemicals. Manufacturer of detergents, dyes pigments and diversified chemicals. Committed to advancing standards, it focuses on innovation and efficiency. It continues to evolve, meeting industry challenges with strategic approaches and commitment to quality.

Deepak Nitrite offers Deepak Nitrite Platform.

Yes, Deepak Nitrite is publicly traded on NSE under the ticker symbol DEEPAKNTR.

Deepak Nitrite operates through Deepak Nitrite Limited.

The legal entities of Deepak Nitrite currently have 16 directors, including Deepak Chimanlal Mehta, Maulik Deepak Mehta, Sanjay Bakulchandra Upadhyay and others.

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