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Motilal Oswal has buy call on with a target price of Rs 2300. The current market price of Deepak Nitrite Ltd. is Rs 1837.75.
Time period given by analyst is one year when Deepak Nitrite Ltd. price can reach defined target.
Deepak Nitrite Ltd., incorporated in the year 1970, is a Mid Cap company (having a market cap of Rs 25123.60 Crore) operating in Chemicals sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 1469.17 Crore, up 18.52 % from last quarter Total Income of Rs 1239.57 Crore and up 38.90 % from last year same quarter Total Income of Rs 1057.74 Crore. Company reported net profit after tax of Rs 290.11 Crore in latest quarter.
Investment Rationale
The stock is trading at 21x FY23E EPS of INR82 and 14x FY23E EV/EBITDA, with return ratios of 29–31%. The brokerage expects a 19% PAT CAGR over FY21–24E. It values the company at 28x FY23E EPS to arrive at TP of INR2,300. It initiates coverage on DN with a Buy rating.
Time period given by analyst is one year when Deepak Nitrite Ltd. price can reach defined target.
Deepak Nitrite Ltd., incorporated in the year 1970, is a Mid Cap company (having a market cap of Rs 25123.60 Crore) operating in Chemicals sector.
Did you Know?
Stock score of Deepak Nitrite Ltd moved down by 1 in a month on a 10-point scale.
View Latest Stock Report »For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 1469.17 Crore, up 18.52 % from last quarter Total Income of Rs 1239.57 Crore and up 38.90 % from last year same quarter Total Income of Rs 1057.74 Crore. Company reported net profit after tax of Rs 290.11 Crore in latest quarter.
Investment Rationale
The stock is trading at 21x FY23E EPS of INR82 and 14x FY23E EV/EBITDA, with return ratios of 29–31%. The brokerage expects a 19% PAT CAGR over FY21–24E. It values the company at 28x FY23E EPS to arrive at TP of INR2,300. It initiates coverage on DN with a Buy rating.
(Disclaimer: Views and recommendations given in this section are the analysts' own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.
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