Deepak Nitrite Limited (DEEPAKNTR) Share Price Target 2024, 2025, 2030, 2040, and 2050
Stay updated on Deepak Nitrite Limited (DEEPAKNTR) share price target with short-term forecast for 2024 and long-term price prediction from 2024 to 2050. Access DEEPAKNTR price history, see analyst ratings, and follow the latest Deepak Nitrite Limited news and developments.
1 Month Price Target
₹2638.50 [0.00%]
3 Month Price Target
₹2413.94 [-8.51%]
6 Month Price Target
₹2488.03 [-5.70%]
1 Year Price Target
₹3340.85 [26.62%]
3 Year Price Target
₹5448.77 [106.51%]
5 Year Price Target
₹7556.69 [186.40%]
About Deepak Nitrite Limited
Deepak Nitrite Limited (NSE: DEEPAKNTR) is a prominent chemicals manufacturing company in India with a diversified portfolio that includes basic chemicals, phenolics, and fine & specialty chemicals.
The company was founded in 1970 by the late Shri Deepak C. Mehta and has its headquarters in Vadodara, Gujarat. It has a wide footprint across various regions, including India, China, Europe, the Middle East, and the US.
Deepak Nitrite produces over 200 products that cater to a range of industries such as fertilizers, dyestuffs, pharmaceuticals, pesticides, rubber chemicals, detergents, paper, textiles, and paints, among others.
Some of its principal business segments and products are:
- Basic Chemicals: Sodium Nitrite, Sodium Nitrate, Nitro Toluenes
- Phenolics: Isopropyl Alcohol (IPA), Cumene, Acetone, Phenol
- Fine & Specialty Chemicals: Xylidines, Oximes, Nitro Aromatic Chemicals
The company operates six manufacturing facilities situated in Gujarat, Maharashtra, Telangana, and Hyderabad. In FY22, it registered a total revenue of ₹6,611 crores and a profit after tax of ₹603 crores.
Deepak Nitrite stands as the world’s largest producer of Sodium Nitrite and ranks among the top producers of Cumene and Nitro Toluenes.
Deepak Nitrite Limited (DEEPAKNTR) Historical Performance
IPO Date
Deepak Nitrite Limited (NSE:DEEPAKNTR) went public on 01 October, 1971.
Change
Since inception, DEEPAKNTR has increased by 16,203.05%. In the last 5 years, DEEPAKNTR has risen from ₹365.59 to ₹2638.50, a massive 621.71% increase since 2019.
Historical Highs and Lows
In the past 5 years, the share reached a high of ₹3084.36 and a low of ₹365.59.
52 Week Range
₹2021.0
₹3169.0
The current price ₹2,638.50 is not near the 52-week extremes, which means that the share is neither overbought nor underbought.
DEEPAKNTR Share Price History
Based on historical data, this table shows how DEEPAKNTR share has performed in the last 6 years. Since 2018, the share has risen from ₹213.38 - ₹365.59 to ₹2120.04 - ₹3084.36, which is up 1079.66%. Currently, DEEPAKNTR share follows upward trend.
Here, we have calculated stock range of DEEPAKNTR, indicating the highs and lows for each year, the average price based on the daily closing prices each year, and the change% from the average price.
| Year | Stock Price | Avg Price | Change% | Year Change |
|---|---|---|---|---|
| 2019 | ₹213.38 - ₹365.59 | ₹284.75 | 32.39 | 1 Year Change |
| 2020 | ₹375.88 - ₹931.83 | ₹609.7 | 183.47 | 2 Year Change |
| 2021 | ₹961.22 - ₹2464.98 | ₹1898.88 | 782.85 | 3 Year Change |
| 2022 | ₹1718.81 - ₹2303.03 | ₹2060.92 | 858.19 | 4 Year Change |
| 2023 | ₹1787.82 - ₹2474.83 | ₹2046.53 | 851.5 | 5 Year Change |
| 2024 | ₹2120.04 - ₹3084.36 | ₹2537.27 | 1079.66 | 6 Year Change |
DEEPAKNTR Price Performance
6-Month Performance
DEEPAKNTR share jumped by 5.73% in the last six months.
1-Year Performance
The share has trended upwards by 6.61% in the past year.
3-Year Performance
In the last 3 years, the share has soared by 7.04%.
5-Year Performance
In the last 5 years, the share has gone up by 621.71%.
According to Deepak Nitrite Limited's historical data, below graph gives us the exact picture of how the DEEPAKNTR share has performed year-over-year. Here, Each bar on the graph represents a particular year that illustrates how share price changed from one year to the next.
YoY Performance
In the last five years, the share has shown positive growth in 4 years and a decline in 1 year.
2019
69.97% ↑
2020
154.89% ↑
2021
164.53% ↑
2022
19.97% ↓
2023
25.45% ↑
NOTE: Green bars indicate that the share has risen compared to the previous year, while red bars show that the share has fallen.
Deepak Nitrite Limited (DEEPAKNTR) Financials
Total Revenue
Quarterly Revenue: ₹21.67 B (Q2)
Revenue for Q2 ending 30th June, 2024 increased 4.69% compared to Q1 ending 31st March, 2024.
Annual Revenue: ₹80.15 B (1Y)
Revenue for trailing 12 months increased 5.33% year over year from 31st March, 2024.
If compared to the last 3 years, the revenue has gone up from ₹43.33 billion to ₹80.15 billion, a 84.97% change.
Market Capitalization
Deepak Nitrite Limited has a market capitalization of ₹359.87B, which places DEEPAKNTR in the mega-cap category.
Fundamental Analysis
EPS: ₹14.85 (Q2), ₹59.45 (1Y)
EPS decreased nan% since last quarter, and decreased 4.82% since last year.
Net Income: ₹2.03 B (Q2), ₹8.11 B (1Y)
Net Income decreased 20.21% since last quarter, and decreased 4.83% since last year.
Net Profit Margin: 9.35% (Q2), 10.12% (1Y)
Net Profit Margin decreased 23.79% since last quarter, and decreased 9.64% since last year.
Below, we have listed 12 key indicators for Fundamental analysis for DEEPAKNTR share. These indicators help you understand Deepak Nitrite Limited's financial health, earnings and growth potential, and make a decision if the stock is a good long-term investment or not.
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Technical Analysis
Here, we have listed 5 key indicators for Technical Analysis for DEEPAKNTR share. These indicators help investors study past price movements and trading volumes to forecast future price changes, and find the right time when to buy, sell or hold the stock.
| Technical Indicators | Value |
|---|---|
| SMA20 | ₹2689.72 |
| SMA50 | ₹2804.61 |
| SMA200 | ₹2558.08 |
| RSI | 48.00 |
| Beta |
SMA20 > Current Price
This signals DEEPAKNTR share is in short-term bearish momentum.
SMA50 > Current Price
This signals DEEPAKNTR share is in mid-term bearish momentum.
SMA200 < Current Price
This signals DEEPAKNTR share is in long-term bullish momentum.
Sentiment Based on Technical Analysis
Based on 8 technical analysis indicators, the overall sentiment for DEEPAKNTR stock is Neutral. Out of all indicators, 3 indicates bullish signals, 3 signals bearish trends and 3 gives neutral trends. This DEEPAKNTR share price target was last updated on 17 November, 2024.
Deepak Nitrite Limited (DEEPAKNTR) Share Price Target
According to short-term forecast, the share is expected to rise to ₹2638.50 by the end of 2024, and can reach around ₹3251.23 to ₹3542.73 in 2025. And, the long-term price target suggests that the share may further jump to ₹4474.93 - ₹5110.02 in 2027, and ₹7872.46 - ₹10137.96 by 2030. So, the DEEPAKNTR share shows a strong upward trend in the next several years.
Short-term DEEPAKNTR Share Price Target
| Date | Forecasted Price | Change% |
|---|---|---|
| 2024-12 | ₹2638.50 | 0.0% |
In 2024, the DEEPAKNTR share price is expected to fluctuate between ₹2638.5 and ₹2638.5. According to the monthly forecast, the share could rise to ₹2638.50 by December 2024. If compared to the DEEPAKNTR's current price, the share could gain 0.0% by the end of this year.
Long-term DEEPAKNTR Share Price Target
| Year | Year Start | Year Mid | Year End | Change% |
|---|---|---|---|---|
| 2025 | ₹3251.23 | ₹3306.53 | ₹3542.73 | 34.27% |
| 2026 | ₹4444.49 | ₹4144.91 | ₹5175.88 | 96.17% |
| 2027 | ₹4474.93 | ₹5260.89 | ₹5110.02 | 93.67% |
| 2028 | ₹7686.80 | ₹6863.95 | ₹6559.43 | 148.6% |
| 2029 | ₹7616.23 | ₹8018.63 | ₹8570.00 | 224.81% |
| 2030 | ₹7872.46 | ₹8706.64 | ₹10137.96 | 284.23% |
| 2031 | ₹9914.67 | ₹10171.79 | ₹11272.24 | 327.22% |
| 2032 | ₹10648.55 | ₹11957.60 | ₹10762.34 | 307.9% |
| 2033 | ₹11181.31 | ₹12551.38 | ₹11451.43 | 334.01% |
| 2034 | ₹12155.06 | ₹14530.04 | ₹12481.00 | 373.03% |
| 2035 | ₹12357.13 | ₹14685.89 | ₹15401.86 | 483.74% |
| 2036 | ₹13643.65 | ₹13879.75 | ₹17142.33 | 549.7% |
| 2037 | ₹20682.04 | ₹13880.17 | ₹18980.72 | 619.38% |
| 2038 | ₹17189.12 | ₹18183.42 | ₹17268.36 | 554.48% |
| 2039 | ₹18024.22 | ₹18064.73 | ₹21985.64 | 733.26% |
| 2040 | ₹22289.04 | ₹22816.03 | ₹20169.27 | 664.42% |
| 2041 | ₹22615.92 | ₹21958.68 | ₹22476.91 | 751.88% |
| 2042 | ₹21633.02 | ₹23761.95 | ₹22916.22 | 768.53% |
| 2043 | ₹19938.14 | ₹22666.03 | ₹24531.37 | 829.75% |
| 2044 | ₹19171.72 | ₹28213.20 | ₹26716.16 | 912.55% |
| 2045 | ₹21697.90 | ₹24557.89 | ₹24493.54 | 828.31% |
| 2046 | ₹26614.24 | ₹28753.50 | ₹23140.46 | 777.03% |
| 2047 | ₹24061.06 | ₹28444.22 | ₹26822.75 | 916.59% |
| 2048 | ₹25691.12 | ₹30945.21 | ₹25146.47 | 853.06% |
| 2049 | ₹26450.03 | ₹28004.78 | ₹30596.62 | 1059.62% |
| 2050 | ₹27538.17 | ₹26917.35 | ₹31861.53 | 1107.56% |
Deepak Nitrite Limited (DEEPAKNTR) Share Price Target 2024 - 2025
At the start of 2024, the DEEPAKNTR share was at ₹2299.98. Today, it is trading at ₹2638.50, which is 14.72% increase from price at the beginning of the year. By the end of this year, you can expect the share to reach to ₹2638.50 by December 2024 with a 0.00% change.
In early 2025, the DEEPAKNTR share price is expected to climb from ₹2638.50 to ₹3251.23, a change of 23.22% from the current price. By mid-2025, the stock may move up by 1.70% on ₹3306.53 and end the year at ₹3542.73, which is 34.27% compared to today's price.
Deepak Nitrite Limited (DEEPAKNTR) Share Price Target 2026 - 2030
In the next five years, there will be a significant appreciation in the DEEPAKNTR share. During this period, the DEEPAKNTR's price is forecasted to shift from ₹4444.49 to ₹10137.96, which is 128.10% gain.
In 2026, the share would possibly open at ₹4444.49, descends to ₹4144.91 by mid-year, and wraps up at ₹5175.88, reflecting a 96.17% increase from today's price. Further moving to 2030, the share can kick off the year at ₹7872.46, drop to ₹8706.64 by mid-year, and finish at ₹10137.96, which is 284.23% change from current price.
Deepak Nitrite Limited (DEEPAKNTR) Share Price Target 2031 - 2040
During this period, the stock would move from ₹9914.67 to ₹20169.27, which is up 327.22%
In 2031, we can expect DEEPAKNTR share to fluctuate between ₹9914.67 and ₹11272.24, a shift indicating a 327.22% gain by year-end compared to current price. And Until 2040, DEEPAKNTR can likely vary from ₹20169.27 to ₹22289.04. By the end of 2040, the stock could record a 664.42% rise from today's stock price.
Deepak Nitrite Limited (DEEPAKNTR) Share Price Target 2041 - 2050
According to long-term forecast, the DEEPAKNTR share can see an an upturn from ₹22615.92 to ₹31861.53 in this period. In 2041, the stock can experience a low of ₹21958.68 by mid-year, closing the year at ₹22476.91. This results in a 732.24% increase from today.
Moving towards the end of 2050, DEEPAKNTR is projected to open the year at ₹27538.17. The share may dip to ₹26917.35 during mid-year and finish the year at ₹31861.53. Compared to the stock's current price, this translates to an overall gain of 1107.56% by 2050.
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DEEPAKNTR : Buy, Sell Or Hold?
Analyst Ratings
Based on 14 analysts, 3 rated as a strong buy, 3 recommended a buy, 5 suggested a hold, 2 advised a sell, and 1 indicated a strong sell.Three months ago, out of 14 analysts, 3 analysts gave a strong buy rating, 3 a buy rating, 3 a hold rating, 3 advised selling, and 2 suggested a strong sell.So, according to analyst ratings, the recommendation for DEEPAKNTR share is Buy.Expert Analysis
According to DEEPAKNTR share short-term and long-term price target, Deepak Nitrite Limited shares are projected to go up by 1107.56%, and reach a value of ₹31861.53 per share by 2050.
As per technical analysis, indicators show a Neutral sentiment, while Fear & Greed Index stands at 78.57142857142857, which signals Greed. Also, DEEPAKNTR has recorded 10/30 green days, which reflects a 43.47826086956522% positivity rate with a price volatility of 0.03%.
Plus, Price-to-Earnings (P/E) ratio of 41.6693 suggests that DEEPAKNTR share is overvalued. So, Based on DEEPAKNTR price target and analysis, it may be the best time to hold DEEPAKNTR share right now.
Disclaimer: Stock predictions, forecasts and price targets provided for "DEEPAKNTR” are solely for informational and educational purposes and should not be treated as investment or financial advice. Always conduct your own research or consider consulting with a financial advisor before making any investment decisions.