It operates through Advanced Intermediates and Phenolics segments. Since 1970, Deepak Nitrite has been a leading intermediates company in the Indian chemical industry serving numerous industries with a portfolio of over 100 international quality products. The company is expanding capacity with significant capex investments to capitalize on growing demand for specialty chemicals.
Cyborg Score Rationale
Deepak Nitrite demonstrates strong fundamentals as a market leader in Indian chemical intermediates with diversified end-markets and a premium valuation (P/E ~42). The company is executing a 3,500+ crore capex expansion, signaling confidence in growth prospects. However, elevated valuation and India-centric exposure present some risks.
Top Insights
Incorporated in 1970, the company manufactures Basic Intermediates, Fine & Speciality Chemicals, Performance Products, and Phenolics with market cap of ₹21,082 Cr.
Deepak Mehta is the chairman of the company and his son Maulik Mehta is the chief executive officer.
Deepak Nitrite announced a Rs 3,500 crore major capex to boost supply chain as demand for speciality chemicals swells, with current business and new investments resulting in compounded growth opportunities.
The company serves numerous industries with 56 applications and a portfolio of over 100 international quality products.
Named Competitors
Specialty Chemicals — Global specialty chemicals manufacturer with diverse portfolio
Phenol & Acetone Production — European specialty chemicals player with phenol production capability
Chemical Intermediates — Indian chemical intermediates manufacturer in similar segments
Recent Developments
(February 2026) Q3 FY2026 earnings call and audio recording released (Feb 13, 2026)
(February 2026) Scheduled to attend IIFL 17th Entrepreneurial India Conference in Mumbai (Feb 26, 2026)
(Recent) Rs 3,500 crore capex expansion announced for phenol, acetone, and IPA capacity growth
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