Deepak Nitrite Introduction
Deepak Nitrite is a chemical manufacturing company based in India that produces a wide range of products including nitrochlorobenzenes, nitroanilines, and nitroparaffins. The company was founded in the year 1970 and is headquartered in Baroda, Gujarat. They are mainly into manufacturing of Nitrochlorobenzenes, Nitroanilines, Nitroparaffins, Ortho Nitrotoluenes, Meta Nitrotoluenes, Para Nitrotoluenes, Nitro Toluene Dia-Sulfonic acids, Sodium Nitrite and Sodium Nitrate. They have manufacturing units in India and UAE.
The chairman of Deepak nitrite is Deepak Chimanlal Mehta and his son Maulik Deepak Mehta is the CEO of Deepak Nitrite.
Fundamentals of Deepak Nitrite.
If you see the fundamentals of Deepak nitrite then, you realized that it’s quite impressive so it is the right time to invest in Deepak nitrite.
|Market Capital||26,309.53 Cr.|
|Debt to Equity||0.1|
Revenue of Deepak Nitrite.
|December 2021||689.16 Cr.|
|March 2021||750.24 Cr.|
Operating profit of Deepak Nitrite.
Net profit of Deepak Nitrite.
Deepak Nitrite Financial Ratios.
|OP Profit Margin||28.57%|
|Net profit margin||19.36%|
Deepak Nitrite Operational Ratios.
Deepak Nitrite share price target for 2023.
If you looked into the previous price history of Deepak Nitrite then, you will realize that the sales growth of Deepak nitrite is quite impressive and also increase in profit so, as per the data and technical analysis our team predicts that Deepak Nitrite has the potential to reach 2800 INR in 2023.
But it’s quite a good opportunity to invest in Deepak Nitrite.
Deepak Nitrite share price target for 2024.
As we see the bullish trend in Deepak Nitrite in previous years so, we predict that it will continue its bullish rally in 2024. Deepak Nitrite will reach 3800 in 2024.
Deepak Nitrite share price target for 2025.
The demand for specialty chemical which is produced by Deepak Nitrite has grown rapidly. So, we predict that Deepak Nitrite will reach 4500 INR in 2025.
Deepak Nitrite share price target for 2026.
Deepak Nitrite is the sector leader in the chemical space they produce various types of chemicals and export to various countries so, we predict that Deepak Nitrite’s production capacity will double in 2026, that’s why we think that Deepak Nitrite will reach 5600 INR in 2026.
Deepak Nitrite share price target for 2027.
The demand for chemicals is highly increasing in the international market and also in India it will double in 2027 so, we predict that Deepak Nitrite’s share price will reach 6600 in 2027.
Deepak Nitrite share price target for 2028.
Deepak Nitrite is quite good to invest in the current scenario so, we predict that Deepak Nitrite’s share price will touch a new high in 2028.
Deepak Nitrite has the potential to reach 7800 INR in 2028.
Deepak Nitrite share price target for 2029.
Deepak Nitrite is building a strong brand value in India and the international market so we predict that, Deepak Nitrite’s share price will reach 8800 INR in 2029.
Deepak Nitrite share price target for 2030.
It is quite difficult to predict the price of Deepak nitrite share price in 2030. But we see the financial and fundamental ratio and the company’s sales growth and revenue.
So we can conclude as per the data which we study in this article.
As per data, we can predict that Deepak Nitrite’s share has the potential to reach a new high of 9900 INR in 2030.
FAQ (Frequently asked questions)
Is Deepak Nitrite good for the long term?
Yes, Deepak Nitrite is a very good stock with strong financials and fundamentals so, it is a good opportunity to invest in Deepak Nitrite.
Is it good to buy Deepak Nitrite now?
Yes, it is a good time to buy Deepak Nitrite because its sales and revenue growth is too much impressive.
Should I sell Deepak Nitrite shares?
No, you should not sell the Deepak Nitrite shares because it’s a leader in the chemical sector and Deepak Nitrite is delivered. Quite a good return so, you should hold Deepak Nitrite for the long term.
Is Deepak Nitrite a multi-bagger?
Yes, Deepak Nitrite is known as a wealth booster stock. Deepak nitrite has delivered a revenue CAGR of 37.8% over the year of 2017 to 2022.
So, it will be the future multi-bagger stock so you don’t avoid it.
What will the price of Deepak Nitrite be in 2030?
It is quite difficult to predict the share price of Deepak Nitrite in 2030. But as per our technical analysis and data, we can predict that Deepak Nitrite’s share price will touch a new high in 2030 at 9900 INR
Hi, I’m Damini majumder. I’m the author and writer of this blog and share all the information related to Cryptocurrency, Finance, Market forecast, Stock forecast, US and Indian shares through this website. I’m an experienced content writer and aspire to succeed as a content writer in the virtual realm by generating traffic through my immersive content and engaging taglines. Read More