Sunday, July 4, 2021

Deepak Nitrite Ltd (506401) – Reasonably Prices

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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