Deepak Nitrite share price today

Deepak Nitrite Ltd's share price was ₹1,578.40 at the close on 4 November 2026. It has been falling for 4 weeks. That is 4.8% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹1,346 and ₹1,876, and at that close it sat 44% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Deepak Nitrite Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 4 weeks running.

Over the last 11 years the share price moved +2,407% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 9 October 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: highest quarterly profit in 16 quarters, operating margin up 9 points on a year earlier and foreign funds (FIIs) raised their stake for 3 quarters in a row.

1. Highest quarterly profit in 16 quarters

   Profit of ₹398 crore in the September 2026 quarter is the highest of the last 16 quarters.

   Why: Profit hit a record because the phenolics business had its best quarter, helped by disrupted imports and firm demand.

   Next results: check whether the company turns orders and new approvals into sales while keeping plant use high.

   From the earnings call on 30 Oct 2026.

2. Operating margin up 9 points on a year earlier

   20% in the September 2026 quarter, from 11%.

   Why: Margins rose because the phenolics business ran its plants at high rates, got firm prices at home and bought inputs more efficiently.

   Next results: check whether phenolics margins hold as the company works through pricey propylene bought from unusual sources.

   From the earnings call on 30 Oct 2026.

3. Foreign funds (FIIs) raised their stake for 3 quarters in a row

   From 6.1% to 6.4% of the company by the September 2026 quarter.

For July to September 2026 (the quarter ended 30 September 2026), Deepak Nitrite reported revenue of ₹3,076 crore, up 61.7% from ₹1,902 crore a year earlier, and a profit of ₹398 crore, up 234.5% from ₹119 crore.

Deepak Nitrite results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Deepak Nitrite's management discussed these results on a call held on 30 October 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Deepak Nitrite closed at ₹1,578.40 on 4 November 2026, down 8.3% from ₹1,720.60 a year earlier (7 November 2025) and down 31.2% over five years. Its highest weekly close since March 2016 was ₹3,095.95 on 2 August 2024.

Deepak Nitrite share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

563 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: Deepak Nitrite closed at ₹1,578.40, up 3.9% on the week and up 5.7% on the month. 30 Oct 2026: Deepak Nitrite held its results call for July to September 2026. Management guided: FY27 Advanced Intermediates EBIT ₹230-240 crore.

Earlier

• Results for July to September 2026: Revenue up 61.7% and profit up 234.5% on a year earlier.
• 27 Jul 2026: ex-date for a dividend of ₹7.50 a share.

Deepak Nitrite paid ₹7.50 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.48% at the ₹1,578.40 close on 4 November 2026. The last was a dividend of ₹7.50 a share, ex-date 27 July 2026.

Deepak Nitrite dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here.

Yes. Deepak Nitrite Ltd paid out 19% of its profit as dividends in FY26, and it paid a dividend in each of its last 12 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for July to September 2026, held on 30 October 2026, Deepak Nitrite's management guided: FY27 Advanced Intermediates EBIT ₹230-240 crore.

“I generally push back against this assumption because I believe that the distinguishing factor between something considered commodity and specialty is the degree of control one has over the consumption landscape, as well as the cost base.”Maulik Mehta, on the call for July to September 2026

What management guided

• FY28 Advanced Intermediates EBIT ₹400-420 crore at 14-15% margin on formula pass-through.
• Q3 Advanced Intermediates margin between Q1 and Q2 levels closer to Q1, Q4 better than Q3.
• Solvent ramp to optimal utilization next year; Acetophenone to full capacity very soon in Q3.
• Polycarbonate resin in FY29 on outsourced BPA; integrated propylene-to-resin close in FY30; optimized in FY31.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for July to September 2026, 30 October 2026.

When Deepak Nitrite reports October to December 2026, these are the 3 checks that show whether the story is still on course. First: AI margin shape versus flagged Q1-Q2 band with Q4 better than Q3 on accelerated orders and trial-volume conversion.

Deepak Nitrite is on one of our India lists: Small & mid cap stocks.

Deepak Nitrite Ltd earned ₹398 Cr of net profit in the Sep 2026 quarter, +234.5% on the same quarter a year earlier. That is the 4th quarter in a row of profit growth. Full-year FY26 profit was ₹551 Cr. Over 10 years profit has grown 24.2% a year on average. That is 12.9% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹119 Cr.

For the full year, FY26 profit was ₹551 Cr (−20.9% on the year before).

Why profit moved: revenue changed +61.7% on a year earlier and the margin moved +9.0 percentage points. Most of the change came from keeping more of each sale.

On average over the last four quarters, profit changed +113.3% and revenue +24.8%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Deepak Nitrite Ltd reported ₹3,076 Cr of revenue in the Sep 2026 quarter, +61.7% on the same quarter a year earlier. That is the 2nd quarter in a row with growth on the year before. Over 10 years it has grown 19.1% a year on average. The last full year, FY26, came in at ₹7,887 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹9,749 Cr.

FY26 revenue was ₹7,887 Cr, −4.8% on the year before.

Recent pace: the last four quarters grew +24.8% on average, against 19.1% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +23.8%, against +8.2% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +100.2%, against +11.6% a year (accelerating).

Deepak Nitrite Ltd's operating margin was 20.0% in the Sep 2026 quarter, 9.0 percentage points higher than the same quarter a year ago. Across 12 years it has been between 10.0% and 29.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +9.6 percentage points on the year while gross margin changed +7.9 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 99% of Deepak Nitrite Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹539 Cr of operating cash against ₹551 Cr of profit.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

After ₹1,217 Cr of spending on assets, free cash was −₹678 Cr: it spent more than its operations brought in.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 99% of profit came in as cash: the cash cycle got 36 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives.

What to look at next: the bigger use of cash is spending on new assets, at 5.9× depreciation over three years. The next section checks what that spending is building.

Deepak Nitrite Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 92 days in FY26, up from 56 days in FY21. It spent ₹3,441 Cr on assets over the last 3 years. Customers take 70 days to pay, and stock sits for 57 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹7,887 Cr, each day of that cycle ties up about ₹21.6 Cr, so roughly ₹1,988 Cr is tied up in the business at any time.

FY26: customers took 70 days to pay and stock sat for 57 days, about 1.9 months of sales sitting as stock, for a full cycle of 92 days, longer than FY21's 56.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 57 days. Customers pay about 70 days after that. Suppliers are paid at 35 days. Together that makes the 92-day cycle.

Spending on assets: ₹3,441 Cr over the last 3 years, against ₹586 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹1,828 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Deepak Nitrite Ltd's P/E is 20.2×, near the low end of its own history: it has been lower only 20% of the time. Its usual P/E (the middle reading) is 32.8×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.