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Trades about 7% below its sector, cheaper than its peers on earnings.
Incorporated in 1970 and headquartered in Vadodara, India, Deepak Nitrite Limited operates as a prominent manufacturer and seller of a diverse portfolio of chemicals. Its offerings span basic, fine, and specialty chemicals, as well as performance products and phenolics. These chemicals are crucial intermediates and raw materials, supporting various sectors such as colorants, dyes, pigments, rubber chemicals, explosives, agrochemicals, pharmaceuticals, food colorants, and fuel additives. Additionally, it provides optical brighteners and specialized products for the paper, detergent, coating, textile, and personal wellness industries. Its phenolics segment features essential compounds like phenol, cumene, isopropyl alcohol, and acetone. With a global reach, the company exports extensively to major regions including Europe, the United States, Japan, Latin America, the Middle East, and the Far East.
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