Improving Life Through Innovative Science

"We began with the goal of being self reliant. But destiny took us beyond boundaries. It is our duty to imagine limitless possibilities and then achieve it.''
D.C. Mehta, Managing Director

Deepak Nitrite is a leading manufacturer of organic, inorganic, fine and specialty chemicals and a world leader in 2,4 and 2,6 Xylidine. Working with our partners, customers, we seek to find better ways to meet market demands, using innovative processes and methods. Our people, our technologies and our years of expertise unite to deliver superior products and services that improve life.

Deepak Nitrite is the preferred business partner of chemical majors worldwide in Pharma, Rubber, Colourants and Imaging chemicals. Headquartered at Pune, we are a multi-division and multi-product company that has manufacturing facilities at Nandesari, in Gujarat and at Pune, Roha and Taloja in Maharashtra and Hyderabad in Andhra Pradesh, all of them complying with ISO 9001:2000 standards.

We are poised to take on the opportunities offered by globalization, increasing shareholder value, improving opportunities for our employees, driving greater innovation and seeking sustainable solutions for the world. We are a signatory to the Responsible Care initiative and are committed to ethical business practices.

News

DEEPAK NITRITE ANNOUNCES Q4 & FY11 RESULTS

Deepak Nitrite Ltd. has announced its results for Q4 & FY2011. Revenues of Rs. 672.24 crore in FY2011 were higher by 24% when compared to revenues of Rs. 542.21 crore in FY2010. The company reported a PAT of Rs. 25.80 crore for FY2011 which was 29% higher than Rs. 20.01 crore in FY2010.

PAT for Q4FY11 was Rs. 7.81 crore as compared to 6.61 crore in Q4FY10, an increase of 18%. Revenues of Rs. 193.29 crore were higher by 19% when compared to revenues of Rs. 162.08 crore in Q4FY10 driven by increases in volumes by 18%.

Deepak Nitrite is setting up manufacturing facilities for a Fine & Specialty Performance Chemical which will result in forward integration of one of its existing products - DASDA. The proposed expansion will involve capital outlay of around Rs 150 Crore. The Company expects Revenues from this project to be around Rs. 350-400 Crore per annum at full capacity utilization.

Also, the Company has drawn up plans for expansion in its production capacity for Inorganic Intermediates which will address the growing demand from the domestic market as well as the US market. The proposed expansion will involve capital outlay of around Rs. 50 Crore. Revenue from the project are expected to be around Rs. 120-140 Crore per annum at full capacity utilization.

The estimated time for completion of both projects is around 15 months.

Commenting on the results, Mr. Deepak C. Mehta, Vice Chairman & Managing Director, said, “We are extremely glad to announce that our annual revenues have exceeded Rs. 650 crore for the first time. Our focus on introducing new products has resulted in additional turnover of Rs.70 crore in the current year. Our efforts to expand across all three business segments continue with the de-bottlenecking and augmentation at our current facilities. Our Project for new capacity addition at our Greenfield site in Dahej will commence from Q1 FY11-12.

“With a low debt to equity ratio and effective working capital management the Company has created an excellent platform for growth and we are very well placed to continue to add value for all our stakeholders as we enter into a new financial year.”

View the report.