DEEPAK NITRITE

Flash News Investment - - RECOMMENDATIONS -

Deepak Nitrite is a lead­ing com­pany en­gaged in the man­u­fac­ture of or­ganic, in­or­ganic and fine chem­i­cals. The man­age­ment aims to gen­er­ate rev­enue of Rs 6579 crore (USD 1bn) in the next 3-4 years. To achieve this, the com­pany has come up with Rs 1,400-crore phe­nol-ace­tone fa­cil­ity at Da­hej, Gu­jarat. This will ag­gre­gate its ca­pac­ity of phe­nol to 2,00,000 MTPA and ace­tone ca­pac­ity to 1,20,000 MTPA. The pro­duc­tion is ex­pected to com­mence from Q4FY18 and 70 per cent ca­pac­ity would be uti­lized in FY19. The sale of fine and spe­cialty chem­i­cals has in­creased due to grow­ing de­mand from var­i­ous in­dus­tries. We see that the com­pany has huge op­por­tu­nity to im­prove its mar­gins through sale of spe­cialty and pharma chem­i­cals. Con­sid­er­ing these fac­tors, we rec­om­mend our read­ers to BUY this scrip.

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