Deepak Nitrite Posted Strong Set of Numbers On Standalone basis as well as on Consolidated Basis.
All Rs in Crores Except EPS
On Standalone Basis:
March 2019 vs March 2018
Revenue : 487.77 vs 399.32
Profit After Tax : 54.02 vs 21.91
Earnings per Share : 4.15 vs 1.51
Revenue : 1794.51 vs 1490.76
Profit After Tax : 135.37 vs 84.31
Earnings per Share : 10.12 vs 6.34
On consolidated Basis:
Revenue : 2715.04 vs 1688.47
Profit After Tax : 170.82 vs 79.87
Earnings per Share : 12.73 vs 6.0
View : Company has posted excellent results.
This year is a Record year for Deepak Nitrite and Next year will also be a Robust year as we at wealthcreatures feel that Mega Expansion project of Phenol and acetone will see Revenues Doubling in next year as currently company has done business for few months and has produced only 30-35% of its Annual capacity .
It is also evident from numbers that New products of company are well accepted in domestic markets and company has helped country in saving Forex Reserves.
Our Projection for next year Fy20 :
Revenue : 4000 Crs
PAT : 250-300 Crs.
Disc – All views expressed are personal and for study and Educational purpose only. Consult your financial advisor before investing based on above article.
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