Buy Deepak Nitrite Ltd. target Rs 215.0 : Sameet Chavan

Sameet Chavan of Angel Broking has a buy call on Deepak Nitrite Ltd. with a target price of Rs 215.0 . The current market price of Deepak Nitrite Ltd. is Rs 193.2 Time period given by analyst is week when Deepak Nitrite Ltd. price can reach defined target. Sameet Chavan recommended to keep stoploss at Rs 183.4
Deepak Nitrite Ltd., incorporated in the year 1970, is a Mid Cap company (having a market cap of Rs 2501.16 Crore) operating in Chemicals sector.

Deepak Nitrite Ltd. key Products/Revenue Segments include Salts (Inorganic) which contributed Rs 428.57 Crore to Sales Value (32.86 % of Total Sales), Nitro Aromatics (By Products) which contributed Rs 290.63 Crore to Sales Value (22.28 % of Total Sales), Optical Brightening Agents (OBA) which contributed Rs 171.29 Crore to Sales Value (13.13 % of Total Sales), Agro Chemicals Intermediates which contributed Rs 166.31 Crore to Sales Value (12.75 % of Total Sales), Aromatic Amines which contributed Rs 142.80 Crore to Sales Value (10.94 % of Total Sales), Colour Intermediates which contributed Rs 88.48 Crore to Sales Value (6.78 % of Total Sales), Conversion Charges which contributed Rs 8.66 Crore to Sales Value (0.66 % of Total Sales), Other Operating Revenue which contributed Rs 5.23 Crore to Sales Value (0.40 % of Total Sales), Scrap which contributed Rs 2.16 Crore to Sales Value (0.16 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 30-06-2017, the company has reported a Standalone sales of Rs 337.36 Crore, up 5.19 % from last quarter Sales of Rs 320.73 Crore and up 8.78 % from last year same quarter Sales of Rs 310.13 Crore Company has reported net profit after tax of Rs 20.10 Crore in latest quarter. The company’s top management includes Dr.Richard H Rupp, Dr.S Sivaram, Mr.Ajay C Mehta, Mr.Deepak C Mehta, Mr.Maulik D Mehta, Mr.Nimesh Kampani, Mr.S K Anand, Mr.Sanjay Upadhyay, Mr.Sudhin Choksey, Mr.Sudhir Mankad, Mr.Umesh Asaikar, Prof.Indira Parikh. Company has Deloitte Haskins & Sells LLP as its auditoRs As on 31-03-2017, the company has a total of 130,711,266 shares outstanding.