Deepak Nitrite has been a leading intermediates company in the Indian chemical industry since 1970. The company has built a reputation over the last 50 years of being a partner of choice with its world-class manufacturing facilities to deliver key intermediates to several leading Indian and global chemical companies. Deepak Mehta is the chairman of the company and his son Maulik Mehta is the chief executive officer.
Deepak Nitrite produces a spectrum of chemicals, including agrochemicals, colourants, rubber, pharmaceuticals, speciality and fine chemicals. The company serves numerous industries & 56 applications with a portfolio of over 100 international quality products. Deepak Nitrite has 5,241 total employees and operates from its headquarters in Vadodara, India.
The company has two business segments; Advanced Intermediates, and Phenolics. Maximum revenue is generated from the Phenolics segment which manufactures chemicals like Cumene, Phenol, Acetone, Isopropyl Alcohol, and Alpha Methyl Styrene (AMS) among others. The chemicals are used in various industries such as Laminate & Plywood, Automotive, Construction, Pharmaceuticals, Adhesives, Sanitisers, and others.
With around 56 applications across numerous industries and a portfolio of over 100 international quality products, Deepak Nitrite is one of the leading chemical intermediary companies in India. The company is specialised in various chemical processes like Nitration, Alkylation, Diazotization, Oxidation, Hydrogenation, Condensation and Sulphonation.
Geographically, the company derives its maximum revenue from India and the rest from other countries through exports. The company has 20% revenue through exports and maintains 5 locations across 3 states in India.
Deepak Nitrite Ltd has a market capitalisation of Rs 26,653 crore. For the fiscal year ended March 2024, Deepak Nitrite Ltd had posted a profit of Rs 810.89 crore on a total income of Rs 7,681.83 crore. The company generated revenue of 7682 crore in 2023-24.
For Q4 FY25, Deepak Nitrite posted revenue of ₹2,180 crore in Q4 FY25, up 2.5% YoY. However, net profit stood at ₹202 crore, down 20% YoY due to margin pressures. Full-year FY25 revenue came in at ₹8,282 crore, marginally higher than FY24. Full-year PAT was ₹698 crore vs ₹811 crore in FY24.
For Q3 FY25, Deepak Nitrite Ltd's revenue fell -4.86% since last year same period to ₹1,924.39Cr in the Q3 2024-2025. The company's net profit fell -51.45% since last year same period to ₹98.09Cr in the Q3 2024-2025.
Deepak Nitrite Limited (DNL) is implementing a state-of-the-art mega project, aligned with 'Make in India', to manufacture 2,00,000 MTPA of Phenol and 1,20,000 MTPA of the co-product Acetone. This will be supported by capacity to manufacture 2,60,000 MT of Cumene, which is a feedstock for manufacturing Phenol and Acetone. This project is being implemented through the company's 100% subsidiary, Deepak Phenolics Limited (DPL).
The proposed Phenol Plant will be located at Dahej in the State of Gujarat, with a capital expenditure of ` 1,400 Crores being funded by debt and equity in the ratio 60:40. Phenol demand is now growing at around 10% annually and the Company has received highly encouraging response to its seed marketing programme.
The company is one of the only 40 Indian companies awarded the use of the Responsible Care logo. The world understands and recognizes Deepak Nitrite as an industry leader who believes in sustainable growth. The company continues adhering to the 3P philosophy – people, planet, profit – in its journey of sustainable growth. A recipient of several awards and accreditations that highlight Deepak Nitrite's responsible manufacturing practices, the company is also proud to be contributing to the Government's 'Make in India' initiative.
The company's CSR Wing – Deepak Foundation started by Shri CK Mehta, the group's Chairman-Emeritus in 1982 in Vadodara, India is positively impacting lives of over 2 million people though multi-faceted programs. With its footprints in 5 states in India, Deepak is steadily building an equitable social order.
- **Market Cap**: Rs 26,653 crore (as of recent data)
- **Revenue (FY25)**: ₹8,282 crore
- **Net Profit (FY25)**: ₹698 crore
- **52-week High**: Rs 3,168.65
- **52-week Low**: Rs 1,780.50
- **Promoter Holding**: 49.28% as of Mar 2025
- **Employee Count**: 5,241 total employees
Deepak Nitrite continues to strengthen its position as a leading chemical intermediates manufacturer in India, focusing on sustainable growth, operational excellence, and strategic expansion initiatives while maintaining its commitment to responsible manufacturing practices and corporate social responsibility.
