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    HomeNewsBusinessStocksNeutral Deepak Nitrite; target of Rs 1887: Motilal Oswal

    Neutral Deepak Nitrite; target of Rs 1887: Motilal Oswal

    Motilal Oswal recommended Neutral rating on Deepak Nitrite with a target price of Rs 1887 in its research report dated August 03, 2022.

    Broker Research
    August 05, 2022 / 22:06 IST
       
       
      26 Aug, 2025 12:21
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      Motilal Oswal's research report on Deepak Nitrite

      DN reported a miss on our estimates. EBITDA came in 12% lower than our estimate at INR3.6b. EBITDA margin, at 17.3%, was also below our estimate of 20.5% – the lowest since 3QFY19. The miss was largely led by the Advanced Intermediates segment. EBIT margin declined to 18% in the Advanced Intermediates segment.

      Outlook

      we maintain our Neutral rating. Valuing the stock at 22x FY24E EPS, we arrive at our TP of INR1,887.

      For all recommendations report, click hereDisclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.Deepak Nitrite - 040822 - moti
      Broker Research
      first published: Aug 5, 2022 10:04 pm

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