Deepak Nitrite Ltd
Fortune 500 2024
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OVERVIEW
FINANCIALS
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About
Deepak Nitrite, as part of the Deepak Group, has been committed to a “Make in India” philosophy since 1976. It is associated with the production of agrochemicals, pharmaceuticals, dyes and pigments, fuel additives, paper, detergents, rubber, and personal care. The company owns 8 manufacturing facilities across 3 states in India and 1 dedicated R&D facility in Nandesari, Gujarat. With 35 filed patents and a 70% market share in inorganic compounds in India, Deepak Nitrite was able to generate a revenue of ₹7,682 cr in FY 23-24. 35% of its revenue is contributed by its exports. Deepak Nitrite is one of the 40 Indian groups certified with Responsible Care, and it also won Gold at the 18th ICC Environment Excellence Awards.
Incorporation Year: 1970
Headquarters: Vadodara
Top Management: Deepak C. Mehta
Industry: Chemicals
Website: www.godeepak.com
Featured In Fortune India Ranking
Fortune 500 India
#302(2024)
#265(2023)
#251(2022)
#295(2021)
#286(2020)
#408(2019)
#302(2024)#265(2023)#251(2022)#295(2021)#286(2020)#408(2019)
Ranking Trend Fortune 500 India
Next 500 India
#74(2019)#111(2018)#106(2017)#114(2016)#135(2015)
#74(2019)#111(2018)#106(2017)#114(2016)#135(2015)
Ranking Trend Fortune Next 500 India
Financial Data 2024
Revenue
7,735
(INR Cr)
Net Operating Income
7,682
(INR Cr)
Assets
5,144
(INR Cr)
Profit
811
(INR Cr)
Net Worth
4,797
(INR Cr)
Fortune India Coverage
Financial Data
RevenueNet Operating IncomeProfitAssetsNet Worth
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 7735 -5.8% | 8211 18.3% | 6941 58.1% | 4391 3.6% | 4239 47.8% | 2869 73.5% | 1653 11.9% | 1478 7.0% | 1381 4.8% | 1318 0.9% | 1306 27.0% | 1029 28.3% | 802 20.1% | 668 23.9% | 539 -9.6% | 596 - |
| Net Operating Income (INR Cr) | 7682 -3.64% | 7972 17.20% | 6802 56.02% | 4360 3.07% | 4230 56.66% | 2700 63.49% | 1651 20.48% | 1371 -0.16% | 1373 3.45% | 1327 0.00% | 1270 24.55% | 1019 29.06% | 790 17.50% | 672 26.33% | 532 -7.02% | 572 21.87% |
| Profit (INR Cr) | 811 -4.8% | 852 -20.1% | 1067 37.5% | 776 27.0% | 611 251.9% | 174 119.8% | 79 -18.0% | 96 53.6% | 63 18.6% | 53 38.0% | 38 1.4% | 38 63.9% | 23 -10.5% | 26 28.9% | 20 -29.2% | 28 - |
| Assets (INR Cr) | 5144 22.7% | 4193 14.1% | 3675 24.4% | 2954 9.7% | 2694 18.0% | 2283 18.1% | 1934 33.7% | 1447 43.3% | 1009 12.3% | 899 9.3% | 823 31.1% | 628 21.0% | 519 70.5% | 304 -2.5% | 312 11.4% | 280 - |
| Net Worth (INR Cr) | 4797 17.3% | 4090 22.5% | 3338 42.3% | 2347 49.3% | 1572 46.7% | 1072 16.2% | 922 29.0% | 715 51.4% | 472 36.7% | 345 0.0% | 306 9.7% | 279 11.1% | 251 6.3% | 236 8.5% | 218 15.3% | 189 13.9% |
| Employee Cost (INR Cr) | 351 10.3% | 318 16.1% | 274 11.0% | 247 13.9% | 217 20.7% | 180 32.0% | 136 11.3% | 122 2.7% | 119 19.0% | 100 13.3% | 88 41.2% | 63 23.7% | 51 10.2% | 46 30.1% | 35 4.4% | 34 - |
| Interest Cost (INR Cr) | 15 | 27 | 36 | 77 | 118 | 87 | 47 | 37 | 40 | 38 | 28 | 11 | 11 | 7 | 8 | 18 |
| Cash & Bank Balance (INR Cr) | 465 | 40 | 42 | 33 | 31 | 26 | 48 | 14 | 6 | 3 | 6 | 10 | 94 | 6 | 5 | 4 |
| Total Debt (INR Cr) | 286 | 73 | 315 | 590 | 1107 | 1187 | 987 | 724 | 529 | 545 | 508 | 341 | 261 | 62 | 93 | 90 |
Key Financial Ratios
Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 10.5% | 10.4% | 15.4% | 17.7% | 14.4% | 6.1% | 4.8% | 6.5% | 4.5% | 4.0% | 2.9% | 3.7% | 2.9% | 3.9% | 3.7% | 4.7% |
| Profit As % Of Assets | 15.8% | 20.3% | 29.0% | 26.3% | 22.7% | 7.6% | 4.1% | 6.7% | 6.2% | 5.9% | 4.7% | 6.0% | 4.5% | 8.5% | 6.4% | 10.1% |
| Profit As % Of Networth | 16.9% | 20.8% | 32.0% | 33.1% | 38.9% | 16.2% | 8.6% | 13.5% | 13.3% | 15.3% | 12.5% | 13.5% | 9.2% | 10.9% | 9.2% | 15.0% |
| Interest Cost to EBITDA % | 1.3% | 2.1% | 2.3% | 6.2% | 11.5% | 20.8% | 23.9% | 26.5% | 23.8% | 27.3% | 24.5% | 15.7% | 19.5% | 12.5% | 19.8% | 26.6% |
| Debt to Equity Ratio | 0.06 | 0.02 | 0.09 | 0.25 | 0.70 | 1.11 | 1.07 | 1.01 | 1.12 | 1.58 | 1.66 | 1.22 | 1.04 | 0.26 | 0.43 | 0.47 |
| RONW | 16.4% | 22.9% | 37.5% | 39.6% | 46.2% | 17.4% | 9.7% | 7.8% | 15.4% | 15.3% | 13.1% | 12.9% | 9.5% | 11.4% | 9.8% | 15.9% |
| ROCE | 21.6% | 29.8% | 44.4% | 39.6% | 37.1% | 16.8% | 9.4% | 8.3% | 13.5% | 11.7% | 11.9% | 10.2% | 10.4% | 14.4% | 13.1% | 21.0% |