Fortune India 500 2025 edition
Rank#308- Total income
- ₹8,391 Cr
- Profit
- ₹697 Cr
Last year #302
Deepak Nitrite Limited - chemicals and materials in Vadodara, Gujarat, India. FY 2026 financials & compliance.
Active Listed - NSE: DEEPAKNTR · BSE: 506401 Public Limited Company chemicals and materials Fortune India 500 · #308 Nifty 500
Market Cap
₹20,287 Cr
DEEPAKNTR · NSE
Share Price
₹1,446.80
-2.73% 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)
25.9x
P/B 3.5x
ROE
9.8%
ROCE 11.3%
Debt / Equity
0.26
Interest cover 6.6x
About Deepak Nitrite Limited
Data last updated:
Deepak Nitrite Limited is a public limited company based in Vadodara, Gujarat, India. It operates in the industrial chemicals segment of the chemicals and materials sector. It was incorporated on 06 June 1970 and has been in existence for over 56 years.
Deepak Nitrite is ranked #308 on the Fortune India 500 (2025). It is part of the Nifty 500 and BSE 500 indices. Its director Deepak Chimanlal Mehta and family are #261 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L24110GJ1970PLC001735. Its GSTIN is 24AAACD7468A1ZZ (Gujarat). The company holds 8 GST registrations, of which 4 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 506401 and NSE: DEEPAKNTR.
The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹27.28 Cr. It is led by directors including Deepak Chimanlal Mehta (Managing Director) and Maulik Deepak Mehta (Whole-Time Director).
Its last annual general meeting (AGM) was held on 14 August 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Vadodara, Gujarat.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹7,887.07 Cr, a decline of 4.8% compared to the previous year. For the same year it recorded a net profit of ₹551.37 Cr (net margin 7%) and EBITDA of ₹971.03 Cr (EBITDA margin 12.3%). The net worth stands at ₹5,836.83 Cr (up 8.3% YoY). Total assets are valued at ₹7,557.18 Cr (up 12.2% YoY).
The company has about 1,731 employees on its provident fund (EPFO) records. Its group structure includes 5 subsidiaries.
The company is associated with 2 brands: Deepak Nitrite and Deepak Group. As per MCA filings, the company has open charges of ₹470 Cr and satisfied charges of ₹656.36 Cr on record. Court records list 2,339 cases involving the company, including 468 filed by the company and 1,872 filed against it; 836 cases are pending. The company has 30 deals on record (24 market trades, 3 qips, 2 secondary share transfers), with disclosed funding of ₹2,000 Cr; the latest was in February 2026. Its 8 peer companies in the Chemicals industry (Industrial Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 4 larger and 4 smaller; the largest is Nirma Limited with revenue of ₹12,400 Cr. The company has 17 MSME Form 1 returns on record between 2021 and 2024, listing 3,475 overdue payments to 584 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website godeepak.com.
Company details
CIN L24110GJ1970PLC001735
Registration Number 001735
Incorporation Date 06 June 1970
ROC Ahmedabad
Listing Status Listed - Listed on NSE (DEEPAKNTR); Listed on BSE (506401)
Company Status Active
Date of Last AGM 14 August 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
Key People
Deepak Chimanlal Mehta Managing Director Maulik Deepak Mehta Whole-Time Director Sanjay Bakulchandra Upadhyay Whole-Time Director Recognitions & Rankings of Deepak Nitrite
India's Most Valuable Companies 2024 edition · Source: Hurun India
Rank#166- Valuation
- ₹36,470 Cr
2023 #160 2022 #131 2021 #126
India's Richest People 2026 edition · 1 director · Source: Hurun India
- #261 Deepak Chimanlal Mehta & family ₹14,200 Cr
Stock market indices
Nifty 500 BSE 500
Contact details
Deepak Nitrite Limited's registered office is in Vadodara, Gujarat. Its website is godeepak.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address2nd Floor Fermenter House, Alembic City Alembic Avenue Road, Vadodara, Gujarat, India – 390003
- IndustryChemicals and Materials, Industrial Chemicals
To see the full contact details of Deepak Nitrite Limited, buy the company report.
Comprehensive company report
Deepak Nitrite Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Deepak Nitrite operates two associated brands: Deepak Nitrite and Deepak Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer of detergents, dyes & pigments and diversified chemicals | deepaknitrite.com | |
| Chemical intermediates are manufactured and supplied for diverse industries. | godeepak.com |
Business activity
The main business activity of Deepak Nitrite is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Deepak Nitrite Limited, buy the company report.
Financials of Deepak Nitrite Limited
FY 2025-26 filings availableDeepak Nitrite Limited reported revenue of ₹7,887.07 Cr (down 4.8% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹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
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 7,887 | 8,282 | 7,682 | 7,972 | 6,802 | 4,360 | 4,230 |
| Revenue growth | -4.8% | +7.8% | -3.6% | +17.2% | +56.0% | +3.1% | - |
| EBITDA | 971 | 1,095 | 1,127 | 1,291 | 1,606 | 1,250 | 1,029 |
| EBITDA margin | +12.3% | +13.2% | +14.7% | +16.2% | +23.6% | +28.7% | +24.3% |
| Profit before tax | 757 | 953 | 1,102 | 1,146 | 1,434 | 1,042 | 806 |
| Net profit | 551 | 668 | 728 | 843 | 1,063 | 777 | 616 |
| Net profit margin | +7.0% | +8.1% | +9.5% | +10.6% | +15.6% | +17.8% | +14.6% |
| EPS (₹) | 40.36 | 51.12 | 59.45 | 62.46 | 78.20 | 56.88 | 44.80 |
| Balance sheet | |||||||
| Total assets | 7,557 | 6,735 | 5,144 | 4,193 | 3,675 | 2,954 | 2,694 |
| Net worth | 5,837 | 5,389 | 4,797 | 4,090 | 3,338 | 2,347 | 1,572 |
| Total debt | 1,638 | 1,267 | 286 | 72.86 | 315 | 590 | 1,107 |
| Cash & bank | 269 | 407 | 465 | 39.95 | 41.79 | 33.43 | 31.40 |
| Net working capital | 1,997 | 2,019 | 1,944 | 1,583 | 1,216 | 767 | 721 |
| Cash flow | |||||||
| Cash from operations | 539 | 625 | 874 | 650 | 824 | 1,002 | 765 |
| Cash from investing | (669) | (1,489) | (717) | (276) | (424) | (396) | (428) |
| Cash from financing | 193 | 806 | 43.53 | (359) | (386) | (599) | (338) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,578 | 2,120 | 1,975 | 1,902 | 1,890 | 2,180 | 1,903 | 2,032 |
| Revenue growth (YoY) | +36.4% | -2.7% | +3.8% | -6.4% | -12.8% | - | - | - |
| Other income | 14.01 | 6.86 | 8.50 | 19.95 | 24.56 | 22.79 | 20.99 | 21.27 |
| EBITDA | 540 | 376 | 198 | 204 | 190 | 317 | 169 | 298 |
| EBITDA margin | +21.0% | +17.7% | +10.0% | +10.7% | +10.0% | +14.5% | +8.9% | +14.6% |
| Depreciation | 63.66 | 62.59 | 57.55 | 53.25 | 51.25 | 51.25 | 48.22 | 48.46 |
| Interest | 22.91 | 18.91 | 11.04 | 7.94 | 8.13 | 9.34 | 6.11 | 6.30 |
| Profit before tax | 468 | 301 | 138 | 163 | 155 | 279 | 135 | 264 |
| Tax | 123 | 81.52 | 38.15 | 44.28 | 42.49 | 76.21 | 37.07 | 69.83 |
| Net profit | 345 | 220 | 99.82 | 119 | 112 | 202 | 98.13 | 194 |
| EPS (₹) | 25.30 | 16.11 | 7.32 | 8.71 | 8.23 | 14.84 | 7.19 | 14.24 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 2,639 | 2,526 | 2,724 | 3,034 | 2,511 | 1,809 | 2,230 |
| Revenue growth | +4.5% | -7.3% | -10.2% | +20.8% | +38.8% | -18.9% | - |
| EBITDA | 215 | 294 | 446 | 587 | 646 | 537 | 798 |
| EBITDA margin | +8.1% | +11.6% | +16.4% | +19.4% | +25.8% | +29.7% | +35.8% |
| Profit before tax | 225 | 338 | 558 | 610 | 642 | 479 | 706 |
| Net profit | 195 | 238 | 353 | 460 | 482 | 355 | 548 |
| Net profit margin | +7.4% | +9.4% | +13.0% | +15.2% | +19.2% | +19.6% | +24.6% |
| EPS (₹) | 13.85 | 20.27 | 31.78 | 34.41 | 35.65 | 26.01 | 39.89 |
| Balance sheet | |||||||
| Total assets | 3,310 | 3,208 | 3,016 | 2,662 | 2,299 | 1,868 | 1,723 |
| Net worth | 3,215 | 3,126 | 2,955 | 2,625 | 2,256 | 1,845 | 1,491 |
| Total debt | 60.01 | 49.73 | 32.03 | 10.68 | 24.00 | 7.89 | 219 |
| Cash & bank | 7.73 | 8.06 | 175 | 17.94 | 9.04 | 4.43 | 3.73 |
| Net working capital | 688 | 798 | 1,144 | 827 | 666 | 371 | 382 |
| Cash flow | |||||||
| Cash from operations | 393 | 254 | 418 | 310 | 228 | 442 | 515 |
| Cash from investing | (280) | (333) | (156) | (188) | (159) | (226) | (268) |
| Cash from financing | (114) | (88.37) | (106) | (113) | (64.37) | (215) | (248) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 807 | 718 | 694 | 616 | 612 | 654 | 552 | 605 |
| Revenue growth (YoY) | +31.8% | +9.7% | +25.7% | +1.9% | -14.5% | - | - | - |
| Other income | 6.18 | 8.40 | 5.20 | 99.85 | 7.42 | 18.96 | 7.68 | 110 |
| Total expenses | 697 | 645 | 659 | 569 | 553 | 577 | 510 | 530 |
| EBITDA | 110 | 72.63 | 34.18 | 46.51 | 59.63 | 77.75 | 41.79 | 74.90 |
| EBITDA margin | +13.6% | +10.1% | +4.9% | +7.6% | +9.7% | +11.9% | +7.6% | +12.4% |
| Depreciation | 27.00 | 26.30 | 26.94 | 26.25 | 25.26 | 25.35 | 24.67 | 25.37 |
| Interest | 1.92 | 1.30 | 0.79 | 1.02 | 0.86 | 1.02 | 0.95 | 0.86 |
| Profit before tax | 87.09 | 53.43 | 11.65 | 119 | 40.93 | 70.34 | 23.85 | 158 |
| Tax | 22.38 | 14.63 | 3.51 | 7.44 | 10.64 | 16.47 | 6.60 | 16.06 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 23 Oct 2026
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,578 | 2,120 | 1,975 | 1,902 | 1,890 | 2,180 | 1,903 | 2,032 |
| Revenue growth (YoY) | +36.4% | -2.7% | +3.8% | -6.4% | -12.8% | - | - | - |
| Other income | 14.01 | 6.86 | 8.50 | 19.95 | 24.56 | 22.79 | 20.99 | 21.27 |
| EBITDA | 540 | 376 | 198 | 204 | 190 | 317 | 169 | 298 |
| EBITDA margin | +21.0% | +17.7% | +10.0% | +10.7% | +10.0% | +14.5% | +8.9% | +14.6% |
| Depreciation | 63.66 | 62.59 | 57.55 | 53.25 | 51.25 | 51.25 | 48.22 | 48.46 |
| Interest | 22.91 | 18.91 | 11.04 | 7.94 | 8.13 | 9.34 | 6.11 | 6.30 |
| Profit before tax | 468 | 301 | 138 | 163 | 155 | 279 | 135 | 264 |
| Tax | 123 | 81.52 | 38.15 | 44.28 | 42.49 | 76.21 | 37.07 | 69.83 |
| Net profit | 345 | 220 | 99.82 | 119 | 112 | 202 | 98.13 | 194 |
| EPS (₹) | 25.30 | 16.11 | 7.32 | 8.71 | 8.23 | 14.84 | 7.19 | 14.24 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 7,887 | 8,282 | 7,682 | 7,972 | 6,802 | 4,360 | 4,230 |
| Revenue growth | -4.8% | +7.8% | -3.6% | +17.2% | +56.0% | +3.1% | - |
| Other income | 59.87 | 83.86 | 156 | 47.58 | 42.61 | 21.52 | 35.20 |
| Total expenses | 6,916 | 7,187 | 6,555 | 6,681 | 5,196 | 3,110 | 3,201 |
| Employee cost | 423 | 392 | 351 | 318 | 274 | 247 | 217 |
| EBITDA | 971 | 1,095 | 1,127 | 1,291 | 1,606 | 1,250 | 1,029 |
| EBITDA margin | +12.3% | +13.2% | +14.7% | +16.2% | +23.6% | +28.7% | +24.3% |
| Depreciation | 225 | 195 | 166 | 166 | 178 | 153 | 140 |
| Interest | 49.17 | 30.80 | 15.10 | 26.68 | 36.37 | 77.33 | 118 |
| Profit before tax | 757 | 953 | 1,102 | 1,146 | 1,434 | 1,042 | 806 |
| Tax | 206 | 255 | 291 | 294 | 368 | 266 | 195 |
| Net profit | 551 | 668 | 728 | 843 | 1,063 | 777 | 616 |
| Net profit margin | +7.0% | +8.1% | +9.5% | +10.6% | +15.6% | +17.8% | +14.6% |
| EPS (₹) | 40.36 | 51.12 | 59.45 | 62.46 | 78.20 | 56.88 | 44.80 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 27.28 | 27.28 | 27.28 | 27.28 | 27.28 | 27.28 | 27.28 |
| Reserves & surplus | 5,810 | 5,361 | 4,769 | 4,063 | 3,311 | 2,319 | 1,545 |
| Shareholders' funds (net worth) | 5,837 | 5,389 | 4,797 | 4,090 | 3,338 | 2,347 | 1,572 |
| Minority interest | 32.45 | 35.99 | 26.06 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 1,261 | 1,171 | 217 | 54.48 | 301 | 578 | 968 |
| Unsecured loans | 376 | 96.48 | 69.13 | 18.38 | 14.35 | 12.20 | 139 |
| Total debt | 1,638 | 1,267 | 286 | 72.86 | 315 | 590 | 1,107 |
| Total liabilities | 7,557 | 6,735 | 5,144 | 4,193 | 3,675 | 2,954 | 2,694 |
| Assets | |||||||
| Gross block | 4,620 | 3,584 | 3,224 | 2,707 | 2,567 | 2,293 | 1,972 |
| Net block | 3,270 | 2,457 | 2,293 | 1,942 | 1,963 | 1,864 | 1,832 |
| Capital work in progress | 1,828 | 1,649 | 774 | 301 | 122 | 220 | 172 |
| Investments | 213 | 511 | 122 | 379 | 439 | 189 | 2.38 |
| Inventories | 863 | 929 | 761 | 894 | 586 | 389 | 402 |
| Sundry debtors | 1,506 | 1,274 | 1,298 | 1,310 | 1,129 | 756 | 613 |
| Cash & bank balances | 269 | 407 | 465 | 39.95 | 41.79 | 33.43 | 31.40 |
| Loans & advances | 237 | 182 | 199 | 120 | 92.55 | 92.97 | 118 |
| Total current assets | 2,875 | 2,792 | 2,723 | 2,363 | 1,850 | 1,272 | 1,164 |
| Total current liabilities | 878 | 772 | 779 | 780 | 634 | 505 | 443 |
| Net working capital | 1,997 | 2,019 | 1,944 | 1,583 | 1,216 | 767 | 721 |
| Total assets | 7,557 | 6,735 | 5,144 | 4,193 | 3,675 | 2,954 | 2,694 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 179 | 238 | 37.64 | 22.85 | 8.89 | 2.14 | 2.96 |
| Net cash from operating activities | 539 | 625 | 874 | 650 | 824 | 1,002 | 765 |
| Net cash from investing activities | (669) | (1,489) | (717) | (276) | (424) | (396) | (428) |
| Net cash from financing activities | 193 | 806 | 43.53 | (359) | (386) | (599) | (338) |
| Net change in cash | 63.73 | (58.56) | 200 | 14.79 | 13.96 | 6.75 | (0.82) |
| Closing cash | 269 | 407 | 465 | 39.95 | 41.79 | 33.43 | 31.40 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 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 / equity | 0.26 | 0.15 | 0.04 | 0.05 | 0.16 | 0.43 | 0.87 |
| Long-term debt / equity | 0.21 | 0.14 | 0.04 | 0.03 | 0.13 | 0.34 | 0.63 |
| Interest cover | 6.59 | 3.42 | 1.57 | 2.37 | 2.55 | 7.05 | 13.27 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.92 | 2.43 | 2.59 | 3.02 | 2.80 | 2.04 | 2.25 |
| Inventory turnover | 8.80 | 9.80 | 9.28 | 10.77 | 13.95 | 11.02 | 10.31 |
| Debtors turnover | 5.68 | 6.44 | 5.89 | 6.54 | 7.22 | 6.37 | 7.12 |
| EPS (₹) | 40.36 | 51.12 | 59.45 | 62.46 | 78.20 | 56.88 | 44.80 |
| Dividend per share (₹) | 7.50 | 7.50 | 7.50 | 7.50 | 7.00 | 5.50 | 4.50 |
| Book value per share (₹) | 427.92 | 395.06 | 351.66 | 299.85 | 244.75 | 172.04 | 115.24 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 807 | 718 | 694 | 616 | 612 | 654 | 552 | 605 |
| Revenue growth (YoY) | +31.8% | +9.7% | +25.7% | +1.9% | -14.5% | - | - | - |
| Other income | 6.18 | 8.40 | 5.20 | 99.85 | 7.42 | 18.96 | 7.68 | 110 |
| Total expenses | 697 | 645 | 659 | 569 | 553 | 577 | 510 | 530 |
| EBITDA | 110 | 72.63 | 34.18 | 46.51 | 59.63 | 77.75 | 41.79 | 74.90 |
| EBITDA margin | +13.6% | +10.1% | +4.9% | +7.6% | +9.7% | +11.9% | +7.6% | +12.4% |
| Depreciation | 27.00 | 26.30 | 26.94 | 26.25 | 25.26 | 25.35 | 24.67 | 25.37 |
| Interest | 1.92 | 1.30 | 0.79 | 1.02 | 0.86 | 1.02 | 0.95 | 0.86 |
| Profit before tax | 87.09 | 53.43 | 11.65 | 119 | 40.93 | 70.34 | 23.85 | 158 |
| Tax | 22.38 | 14.63 | 3.51 | 7.44 | 10.64 | 16.47 | 6.60 | 16.06 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 2,639 | 2,526 | 2,724 | 3,034 | 2,511 | 1,809 | 2,230 |
| Revenue growth | +4.5% | -7.3% | -10.2% | +20.8% | +38.8% | -18.9% | - |
| Other income | 121 | 149 | 204 | 102 | 70.80 | 13.54 | 7.58 |
| Total expenses | 2,425 | 2,233 | 2,278 | 2,447 | 1,865 | 1,272 | 1,431 |
| Employee cost | 280 | 275 | 250 | 230 | 197 | 181 | 173 |
| EBITDA | 215 | 294 | 446 | 587 | 646 | 537 | 798 |
| EBITDA margin | +8.1% | +11.6% | +16.4% | +19.4% | +25.8% | +29.7% | +35.8% |
| Depreciation | 105 | 99.87 | 86.79 | 76.16 | 72.54 | 66.88 | 77.93 |
| Interest | 5.59 | 5.47 | 4.35 | 2.55 | 2.75 | 5.52 | 22.01 |
| Profit before tax | 225 | 338 | 558 | 610 | 642 | 479 | 706 |
| Tax | 36.22 | 61.11 | 125 | 140 | 156 | 124 | 162 |
| Net profit | 195 | 238 | 353 | 460 | 482 | 355 | 548 |
| Net profit margin | +7.4% | +9.4% | +13.0% | +15.2% | +19.2% | +19.6% | +24.6% |
| EPS (₹) | 13.85 | 20.27 | 31.78 | 34.41 | 35.65 | 26.01 | 39.89 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 27.28 | 27.28 | 27.28 | 27.28 | 27.28 | 27.28 | 27.28 |
| Reserves & surplus | 3,188 | 3,099 | 2,927 | 2,598 | 2,229 | 1,817 | 1,464 |
| Shareholders' funds (net worth) | 3,215 | 3,126 | 2,955 | 2,625 | 2,256 | 1,845 | 1,491 |
| Secured loans | 12.97 | 18.87 | 0.00 | 0.00 | 13.99 | 0.00 | 84.25 |
| Unsecured loans | 47.04 | 30.86 | 32.03 | 10.68 | 10.01 | 7.89 | 135 |
| Total debt | 60.01 | 49.73 | 32.03 | 10.68 | 24.00 | 7.89 | 219 |
| Total liabilities | 3,310 | 3,208 | 3,016 | 2,662 | 2,299 | 1,868 | 1,723 |
| Assets | |||||||
| Gross block | 1,703 | 1,459 | 1,302 | 1,120 | 996 | 1,031 | 798 |
| Net block | 1,041 | 898 | 835 | 728 | 674 | 776 | 720 |
| Capital work in progress | 65.78 | 170 | 126 | 77.03 | 83.33 | 68.76 | 89.88 |
| Investments | 1,566 | 1,372 | 945 | 1,057 | 909 | 689 | 563 |
| Inventories | 422 | 455 | 381 | 449 | 340 | 216 | 241 |
| Sundry debtors | 594 | 613 | 614 | 597 | 550 | 354 | 366 |
| Cash & bank balances | 7.73 | 8.06 | 175 | 17.94 | 9.04 | 4.43 | 3.73 |
| Loans & advances | 96.06 | 83.72 | 281 | 95.48 | 60.33 | 57.58 | 56.80 |
| Total current assets | 1,120 | 1,159 | 1,451 | 1,159 | 960 | 632 | 668 |
| Total current liabilities | 432 | 361 | 307 | 332 | 294 | 261 | 286 |
| Net working capital | 688 | 798 | 1,144 | 827 | 666 | 371 | 382 |
| Total assets | 3,310 | 3,208 | 3,016 | 2,662 | 2,299 | 1,868 | 1,723 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 6.09 | 173 | 16.15 | 7.44 | 3.06 | 2.10 | 2.81 |
| Net cash from operating activities | 393 | 254 | 418 | 310 | 228 | 442 | 515 |
| 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) | 157 | 8.71 | 4.38 | 0.96 | (0.71) |
| Closing cash | 7.73 | 8.06 | 175 | 17.94 | 9.04 | 4.43 | 3.73 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 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 / equity | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.07 | 0.21 |
| Long-term debt / equity | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.01 | 0.04 |
| Interest cover | 5.09 | 2.82 | 1.21 | 0.50 | 0.48 | 1.17 | 3.05 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.67 | 1.83 | 2.25 | 2.87 | 2.48 | 1.98 | 3.10 |
| Inventory turnover | 6.02 | 6.04 | 6.57 | 7.69 | 9.03 | 7.92 | 9.27 |
| Debtors turnover | 4.37 | 4.12 | 4.50 | 5.29 | 5.56 | 5.03 | 6.28 |
| EPS (₹) | 13.85 | 20.27 | 31.78 | 34.41 | 35.65 | 26.01 | 39.89 |
| Dividend per share (₹) | 7.50 | 7.50 | 7.50 | 7.50 | 7.00 | 5.50 | 4.50 |
| Book value per share (₹) | 235.73 | 229.21 | 216.61 | 192.45 | 165.40 | 135.25 | 109.34 |
To see the full year-wise statements and ratios of Deepak Nitrite Limited, buy the company report.
Board of directors of Deepak Nitrite Limited
Deepak Nitrite has 12 current directors and 20 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
Showing 6 of 12 current directors. View all directors
Peer comparison
Deepak Nitrite Limited is compared with the 8 companies closest to it by revenue in the Chemicals industry (Industrial Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Nirma Limited | ₹12,400 Cr (FY 2025) | 16.0% | Ahmedabad, Gujarat, India | |||
| Deepak Fertilisers and Petrochemicals Corporation Ltd | ₹10,355 Cr (FY 2025) | 18.0% | Pune, Maharashtra, India | |||
| Gujarat State Fertilizers & Chemicals Limited | ₹9,848.64 Cr (FY 2025) | 3.0% | Vadodara, Gujarat, India | |||
| Gujarat Narmada Valley Fertilizers & Chemicals Limited | ₹8,393.42 Cr (FY 2025) | 0.0% | Gujarat, India | |||
| Deepak Nitrite Limitedthis company | ₹7,887.07 Cr (FY 2026) | ₹551.37 Cr | 7% | -4.8% | 1,731 | Vadodara, Gujarat, India |
| Deepak Phenolics Limited | ₹5,863.2 Cr (FY 2025) | 16.0% | Vadodara, Gujarat, India | |||
| Atul Limited | ₹5,692.38 Cr (FY 2025) | 19.0% | Ahmedabad, Gujarat, India | |||
| Gujarat Fluorochemicals Limited | ₹4,853.18 Cr (FY 2025) | 11.0% | Una, Himachal Pradesh, India | |||
| Jubilant Ingrevia Limited | ₹4,215.43 Cr (FY 2025) | 1.0% | Amroha, Uttar Pradesh, India |
To see the full peer comparison of Deepak Nitrite Limited, buy the company report.
Auditor
Deepak Nitrite Limited is audited by Deloitte Haskins & Sells LLP for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Deloitte Haskins & Sells LLP | FY 2025 | 117366W/W-100018 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 49.30%, foreign institutional investors hold 6.20%, domestic institutional investors hold 23.80% and retail and other public shareholders hold 20.70%.
Sep 2026
QUARTER
49.30% Promoters
23.80% DII (Domestic Institutional)
6.20% FII (Foreign Institutional)
20.70% Retail & Others
Promoter holding - history
Now 49.30% · Sep 2026High 49.30% · Dec 2025Low 49.30% · Dec 2025
Shareholding trend - last 6 quarters
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 49.30% | 49.30% | 49.30% | 49.30% |
| Public | 50.70% | 50.70% | 50.70% | 50.70% |
Charges & borrowings
Open charges
₹470 Cr
Satisfied charges
₹656.36 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Dec 2008 | 10134988 | State Bank of India | ₹470 Cr | Open | |
| 31 Aug 2018 | 100204470 | Axis Bank Limited | ₹250 Cr | Satisfied | |
| 25 Jun 2014 | 10506977 | State Bank of India | ₹140 Cr | Satisfied | |
| 14 Mar 2008 | 10096389 | Export-Import Bank of India | ₹10 Cr | Satisfied | |
| 26 Mar 2007 | 10045475 | Axis Bank Limited | ₹89.15 Cr | Satisfied |
To see the full charge records of Deepak Nitrite Limited, buy the company report.
Total charge records: 18 View all charges
Deals & funding
Deepak Nitrite Limited has 30 deals on record (24 market trades, 3 qips, 2 secondary share transfers), with disclosed funding of ₹2,000 Cr; the latest was in February 2026.
Total deals
30
Market trades
24
QIPs
3
Secondary share transfers
2
Funding round
1
Disclosed funding
₹2,000 Cr
Deals on record (5 of 30)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2026 | Market trade | ₹29.63 Cr | Buyer: Pi Opportunities Aif V LLP Seller: Premjiinvest |
| Jan 2026 | Market trade | ₹39.92 Cr | Buyer: Pi Opportunities Aif V LLP Seller: Premjiinvest |
| Nov 2024 | Market trade | ₹72.93 Cr | Buyer: Pi Opportunities Aif V LLP Seller: Premjiinvest |
| Jan 2018 | QIP | ₹150 Cr | Investors: SBI Fund, L&T Emerging businesses fund, Aditya Birla Sun Life Trustee Private Limited |
| Dec 2016 | Market trade | ₹30.4 Cr | Buyer: Reliance Mutual Fund - Reliance Small Cap Fund Seller: Quest Investment Advisors Private Limited |
To see the full deal history of Deepak Nitrite Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Deepak Nitrite Limited has 2,339 court cases on record: 468 filed by Deepak Nitrite, 1,872 filed against it. 836 cases are pending and 1,503 are disposed.
Total cases
2,339
Filed by the company
468
Filed against the company
1,872
Pending
836
Disposed
1,503
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2,082 | 1,731 | 786 |
| High courts | 225 | 117 | 47 |
| Supreme Court | 19 | 17 | 1 |
| NCLAT | 10 | 6 | 2 |
| NCLT | 3 | 1 | 0 |
Cases on record (5 of 2,339)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1303-Consumer Disputes and RERA : SLPs/Writ Petitions relating to the Real Estate (Regulation and Development) Act, 2016/disputes between builders and buyers – allotment, cancellation, fixation of price of flats/plots and return of deposits) | Filed against the company by Haryana State Industrial and Infrastructure Development Corporation and 2 others | Disposed |
| Supreme Court | Court case (1101-Compensation : Motor vehicle accident compensation) | Filed against the company by Shri Ram General Insurance Company | Disposed |
| Supreme Court | Court case (3002-Land Acquisition and Requisition : Compensation for land acquisition) | Filed against the company by individuals | Pending |
| Supreme Court | Court case (2902-Labour and Industrial Laws : Payment of wages, bonus, provident fund, gratuity, service benefits, benefits under ESIC Act, 1948, compensation under Workmen's Compensation Act, 1923 (now Employees Compensation Act, 1923)and payment of overtime wages and minimum wage.) | Filed against the company by Maharashtra State Road Transport Corporation | Disposed |
| District court, Raipur, Chhattisgarh | Court case (COMPLAINT CASES) | Filed against the company by T. V. S. Credit Services Ltd. | Pending |
To see the full case history of Deepak Nitrite Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Deepak Nitrite Limited was last rated by Icra on 13 Jun 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 13 Jun 2022 |
To see the full credit ratings and regulatory alerts of Deepak Nitrite Limited, buy the company report.
MSME payment delays
Deepak Nitrite Limited has 17 MSME Form 1 returns on record between 2021 and 2024, listing 3,475 overdue payments to 584 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 584)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Green Electricals Private Limited | |||
| Laxmi Bearings (Gujarat) Private Limited | |||
| Powerhans | |||
| an individual supplier | |||
| Mysore Ammonia and Chemicals Limited |
To see the full MSME payment records of Deepak Nitrite Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Deepak Nitrite has 5 subsidiary companies. This group structure data is as of FY 2025. The table lists each entity with its relationship and holding.
5
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Deepak Advanced Materials Limited | U20296GJ2024PLC148316 | |
| Deepak Phenolics Limited | U24100GJ2011PLC064669 | |
| Corporation Inc. Deepak Chem Tech Limited | U24290GJ2020PLC117177 | |
| Narmada Thermal Power Private Limited | U40100GJ2000PTC038012 | |
| Deepak PMC Limited | U42901GJ2023PLC146633 |
To see the full group structure of Deepak Nitrite Limited, buy the company report.
Employees & EPFO
Deepak Nitrite Limited has a workforce of 1,731 employees on its EPFO records as of Oct 10, 2025, across 6 active EPFO establishments.
Employee count
1,731
Active EPFO establishments
6
Employee growth
2.67%
GST
Deepak Nitrite has 8 GST registrations: 4 active and 4 cancelled or inactive.
Total GSTINs
8
Active
4
Cancelled / inactive
4
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACD7468A1ZZ | Gujarat | Active | 01 Jul 2017 |
| 24AAACD7468A2ZY | Gujarat | Active | 07 Jul 2017 |
| 27AAACD7468A1ZT | Maharashtra | Active | 01 Jul 2017 |
| 36AAACD7468A1ZU | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Deepak Nitrite Limited, buy the company report.
Recent activity
Deepak Nitrite Limited has 48 board changes on record since 1970: 30 appointments and 18 cessations. The latest: Arvind Nath Agrawal was appointed as Director on 28 Jun 2025.
Filing
Deepak Nitrite Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
AGM
Deepak Nitrite Limited last Annual general meeting of members was held on 14 Aug 2025 as per latest MCA records.
Appointed
Arvind Nath Agrawal was appointed as Director.
Appointed
Bhumika Batra was appointed as Director.
Appointed
Mahesh Ramchand Chhabria was appointed as Director.
Ceased
Purvi Sheth ceased to be Director.
Ceased
Sanjay Khatau Asher ceased to be Director.
Charges
A charge with State Bank Of India of Rs. 470.00 Cr registered on 15 Dec 2008 with Charge ID 10134988 was modified on 15 May 2025.
Ceased
Prakash Dinkar Samudra ceased to be Director.
Appointed
Girish Raghunath Satarkar was appointed as Whole-Time Director.
Ceased
Sandeshkumar Jagannath Anand ceased to be Director.
Appointed
Prakash Dinkar Samudra was appointed as Director.
83 earlier events are in the company report.
News
Frequently asked questions
Deepak Nitrite is an active public limited company based in Vadodara, Gujarat, India. The company works in industrial chemicals, within the chemicals and materials industry. It was incorporated on 06 June 1970 (56+ years old) and is registered under CIN L24110GJ1970PLC001735. Listed on BSE: 506401 and NSE: DEEPAKNTR.
Deepak Nitrite reported revenue of ₹7,887.07 Cr for FY 2025-26 (down 4.8% YoY) based on consolidated financials.
Deepak Nitrite has 12 current directors:
- Deepak Chimanlal Mehta - Managing Director
- Maulik Deepak Mehta - Whole-Time Director
- Sanjay Bakulchandra Upadhyay - Whole-Time Director
- Girish Raghunath Satarkar - Whole-Time Director
- Ajay Chimanlal Mehta - Director
- Vipul Shantilal Shah - Director
- Dileep Chinubhai Choksi - Director
- Punit Sanjay Lalbhai - Director
- Meghav Deepak Mehta - Director
- Bhumika Batra - Director
- Arvind Nath Agrawal - Director
- Mahesh Ramchand Chhabria - Director
The latest financial statements of Deepak Nitrite on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 14 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Deepak Nitrite is 24AAACD7468A1ZZ, registered in Gujarat. The company has 8 GST registrations in all, of which 4 are active and 4 are cancelled or inactive. Other active GSTINs include 24AAACD7468A2ZY (Gujarat), 27AAACD7468A1ZT (Maharashtra), 36AAACD7468A1ZU (Telangana).
The CIN (Corporate Identification Number) of Deepak Nitrite is L24110GJ1970PLC001735. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Deepak Nitrite is a listed company as per MCA records. Its shares are listed on both BSE (code: 506401) and NSE (symbol: DEEPAKNTR).
Deepak Nitrite has 2,339 court cases on record: 468 filed by the company and 1,872 filed against it. 836 are pending. Most are in the district courts.
Deepak Nitrite was incorporated on 06 June 1970, making it 56+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Deepak Nitrite has 30 deals on record (24 market trades, 3 qips, 2 secondary share transfers), with disclosed funding of ₹2,000 Cr; the latest was in February 2026.
The peers of Deepak Nitrite by revenue are Nirma Limited, Deepak Fertilisers and Petrochemicals Corporation Ltd, Gujarat State Fertilizers & Chemicals Limited, Gujarat Narmada Valley Fertilizers & Chemicals Limited, Deepak Phenolics Limited and 3 more, all in the Chemicals industry (Industrial Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Arvind Nath Agrawal was appointed as Director on 28 Jun 2025. Bhumika Batra was appointed as Director on 28 Jun 2025. Mahesh Ramchand Chhabria was appointed as Director on 28 Jun 2025. Deepak Nitrite has 48 board changes on record in total.