Deepak Nitrite share price target 2023, 2024, 2025, 2030: In this article, you will learn about Deepak Nitrite share price target 2023, 2024, 2025, and 2030, along with the fundamentals and financials of the company.
For every investor, it is important to know about the company in which they are investing, to get the confidence to hold the stock for the long term.
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Deepak Nitrite Share Price Target: Company Profile
Deepak Nitrite has around 70% market share in India in important inorganic compounds. Deepak Nitrite is one of India’s leading and fastest-growing chemical intermediates manufacturing companies. During its five decades of existence, Deepak Nitrite has consistently delivered on the expectations of all stakeholders.
Deepak Nitrite is a preferred partner for leading downstream companies across 30 countries in 6 continents, who trust Deepak Nitrite for its quality, supply reliability, environmentally sustainable operations, and ability to meet their evolving needs.
Having a presence in Basic Chemicals, Fine & Speciality, Performance Products, and Phenolics (Phenol, Acetone & Iso Propyl Alcohol), Deepak Nitrite plays an important role in its customer’s value chain.
Deepak Nitrite products find application in the manufacturing of downstream products for multiple sectors and play a crucial role in driving the nation’s development and meeting the needs of end consumers. The company is building on this through continuous investment in research and development, modern technologies, and new capacities.
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Share Holding Pattern
Deepak Nitrite Share Price Target 2023
India is on the path of steadily gaining market share in the global chemical industry, based on its manufacturing capabilities and track record. In FY 2020-21, Deepak delivered profitable growth with gains across key product categories. Deepak Nitrite consolidated revenue for the year was Rs 4,382 crores with an EBITDA of Rs 1,269 Crores. PBT and PAT increased at a faster rate to Rs 1,042 crores and Rs 776 Crores respectively.
Deepak Nitrite continued to operate at high utilization levels at all facilities, especially the phenol plant which operated at around 115% capacity. India is indeed a lucrative market for the chemical industry, and Deepak is an ideal candidate to capitalize on this trend, thanks to its diverse product offerings and decades of manufacturing experience. Deepak Nitrite share price target for 2023 is Rs 2,300.
|Deepak Nitrite Share Price Target 2023|
|Share Price Target is Rs 2,300|
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Deepak Nitrite Share Price Target 2024
Deepak Nitrite R&D strength is manifested in its wide-ranging expertise. Deepak Nitrite has strong capabilities across process research, development, and engineering. Deepak Nitrite analytical team has significant expertise in developing batch processes as well as continuous mode processes for chemicals. The company’s competencies in the areas of process intensification, reaction engineering, separation science, continuous mode unit operations including purifications further give its an edge in driving value-added innovation.
Deepak Nitrite continues to focus on developing its core technology platforms that include nitration, reduction, and diazotization. Investments of around `300 Crores are being made into products that utilize its core platforms for new agrochemical and pharmaceutical intermediates. New technology platforms for fluorination and photochlorination have also been established.
These new technologies will support the business over the long term in a sustainable manner. Significant focus is also being given towards developing safer and throughput-efficient processes. As Deepak Nitrite is seriously working to create future-proof products and technologies to be able to sustain itself in the market, Deepak Nitrite share price target for 2024 is Rs 2,900.
|Deepak Nitrite Share Price Target 2024|
|Share Price Target is Rs 2,900|
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Deepak Nitrite Share Price Target 2025
India is poised to become a hub for the global chemical industry. Contributing 3% to the global chemical industry, the country ranks 6th globally in terms of chemical sales, 14th in exports, and 8th in imports. And this is excluding pharmaceutical products. Over 2 million people are employed in the Indian chemical industry and that serves as a key enabler, to achieve the estimated market size of USD 300 billion in Chemicals & Petrochemicals in India by 2025.
The industry is valued at USD 178 billion in 2019, is projected to grow at a compounded 9.3% to USD 304 billion by 2025. Factors like growing disposable income, urbanization, and rural consumer penetration and demand are likely to drive this growth. Higher demand for Chemicals and Petrochemicals is mainly driven by the shift in global supply chains towards Asia as well as increased domestic demand. It is estimated that chemical products worth USD 111 billion could be produced by 2023 for domestic requirements.
The Government is also keen on enhancing the industry’s competitiveness and its share in manufacturing. Its 2034 vision for the chemicals and petrochemicals sector focuses on exploring ways to increase domestic production, reduce imports and attract investments. It has also revamped the Petroleum, Chemicals, and Petrochemicals Investment Region (PCPIR) policy to attract investments of 20 trillion by 2035.
Considering all these opportunities Deepak Nitrite and the chemical industry has to grow in the future and the support from the government to the chemical industry, Deepak Nitrite share price target for 2025 is Rs 4,100.
|Deepak Nitrite Share Price Target 2030|
|Share Price Target is Rs 4,100|
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Deepak Nitrite Share Price Target 2030
The Indian chemical industry is one of the fastest-growing in the world. It encompasses over 80,000 commercial products, is widely diversified, and can be categorised into bulk chemicals, speciality chemicals, agrochemicals, petrochemicals, polymers, and fertilisers. India is the world’s 6th largest producer of chemicals and contributes 3% to the global chemical industry. It is the 3rd largest producer in Asia. It is also the world’s 3rd largest consumer of polymers and 4th largest producer of agrochemicals.
The Indian chemical industry was valued at US$ 178 billion in CY2019 and is expected to grow at a 9.3% CAGR to US$ 304 billion by CY2025. In India, speciality chemicals account for 22% of the total chemicals and petrochemicals market.
Looking ahead, for the period FY 2020-25, demand for chemical products is anticipated to improve at a rate of about 9% annually. This will be led by demand for speciality chemicals and supported by demand for petrochemicals and polymers. Therefore, Indian chemical companies have raised their capital expenditure commitments substantially in the past couple of years. Capacity expansion will be undertaken across the domestic industry and this is expected to translate into strong business performance.
By CY2025, the Indian chemical industry will have contributed around US$ 300 billion to the country’s GDP, aiding India’s journey towards a US$ 5 trillion economy. The agrochemicals market is expected to grow at an annual rate of 8%, reaching US$ 3.7 billion in FY 2021-22 and US$ 4.7 billion in FY 2024-25.
Moreover, the chemical industry has been amongst the least affected by pandemic-related lockdowns, owing to its significance across the key end-user industries, including pharmaceuticals. As a result, it is anticipated to outperform the country’s GDP growth, going forward. The Government of India identifies the chemical industry as an important growth driver; it is expected to account for 25% of the manufacturing sector’s GDP by CY2025. In fact, India’s per capita chemical consumption is low compared to other developed countries, making India a desirable investment and growth destination.
If you carefully read the above data, you can clearly understand that there is a long way to go for the chemical industry in India and a lot of opportunities to grow in the future. Considering all these opportunities, Deepak Nitrite share price target for 2030 is Rs 11,000.
|Deepak Nitrite Share Price Target 2030|
|Share Price Target is Rs 11,000|
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Deepak Nitrite Share Price Target 2022, 2023, 2024, 2025, and 2030
|Deepak Nitrite Share Price Target 2023||Rs 2,300|
|Deepak Nitrite Share Price Target 2024||Rs 2,900|
|Deepak Nitrite Share Price Target 2025||Rs 4,100|
|Deepak Nitrite Share Price Target 2030||Rs 11,000|
Frequently Asked Questions
What is the future of Deepak Nitrite share?
Deepak Nitrite is the leading producer of inorganic salts, Xylidines, cumidines, toluidines, phenolics, IPA, etc. The company has 50 plus years of expertise and trusted supplier of choice for around 500 plus customers. Deepak Nitrite has a lot of opportunities to grow its business in the future.
Is Deepak Nitrite a good company?
Yes, Deepak Nitrate is a good company with strong fundamentals and financials. Deepak Nitrite is one of the best companies in the chemical sector in India.
Why you should accumulate Deepak Nitrite shares?
The Indian chemical industry was valued at US$ 178 billion in CY2019 and is expected to grow at a 9.3% CAGR to US$ 304 billion by CY2025. In India, speciality chemicals account for 22% of the total chemicals and petrochemicals market. As the Indian chemical industry grows, Deepak Nitrite will also grow as it is one of the best companies in the chemical sector.
Is Deepak Nitrite a multibagger?
Yes, Deepak Nitrite is a multi-bagger stock, the company has given more than 1000% return in the past few years. Still, there is a lot to go for Deepak Nitrite in the future.
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