India’s TOP 500 Companies 2020

INDIA’S TOP 500 COMPANIES 2020 197 Advertorial Sanjay Upadhyay Director - Finance & CFO Dun & Bradstreet D-U-N-S® No 65-006-0841 Top 500 Ranking Income 421 Net Profit 340 Networth 363 Management Details Chairman & Managing Director D. C. Mehta CEO & Executive Director Maulik Mehta Directors - Finance & CFO Sanjay Upadhyay Directors A. C. Mehta Sudhir Mankad S.K. Anand Dr. Richard H. Rupp Dr. S. Sivaram Sanjay Asher Purvi Sheth Dileep C. Choksi Financial Snapshot (In ` mn) Total Income 17,945.2 Net Profit 1,380.4 Networth 10,578.4 Ratios NPM (%) 7.7 RONW (%) 13.0 Current Ratio (times) 1.1 (As on Mar 31, 2019) Aaditya-I, Chhani Road, Vadodara - 390024, Gujarat Website: www.deepaknitrite.com Deepak Nitrite Limited About the Company Deepak Nitrite Ltd (Deepak Nitrite), celebrating its golden jubilee year in 2020, is a chemical manufacturer company. The company has a diversified portfolio of chemical intermediates that caters to various end-user industries. The manufacturing facilities are located at Nandesari and Dahej (in Gujarat), Roha and Taloja (in Maharashtra) and Hyderabad (in Telengana). Business Operations Deepak Nitrite has expanded its export operations to Europe, USA, Japan, Latin America, South East and Far-East Asia. The company exports to approximately more than 30 countries. Deepak Phenolics Limited and Deepak Nitrite Corporation Inc. are the subsidiaries of the company. Deepak Nitrite Corporation Inc incorporated in the USA caters to the marketing requirements of Deepak Nitrite in North and South American region. The company’s environmental management systems at all manufacturing locations of the company have migrated to ISO- 14001:2015 standards. The manufacturing sites are accredited with ISO 9001, ISO 14001 and ISO 45001 certifications and equipped with an Occupational Health Centre (OHC). Product portfolio • Basic Chemicals Products - Sodium Nitrite, Sodium Nitrate, Nitro Toluidines, Fuel Additives & Nitrosyl Sulphuric Acid User Industries - colorants, rubber chemicals, explosives, dyes, pigments, food colors, pharmaceuticals, petrol & diesel blending and agrochemicals • Fine & Speciality Chemicals Products - Xylidines, Oximes, Cumidines, Speciality agrochemicals Products are customized as per the clients’ recommendation and manufactured in lower volumes Financial Snapshot 2020 (In ` mn) (As on Mar 31, 2020) Total Income 22,372.4 Net Profit 5,440.4 Networth 14,913.3 Ratios NPM (%) 24.3 RONW (%) 36.5 Current Ratio (times) 1.4 User Industries - agro chemicals, colorants, pigments, pharmaceuticals and personal wellness • Performance Products Products - Optical Brightening Agents (OBA) and DASDA User Industries - paper, detergents, textiles, coating applications in printing & photographic paper Performance of subsidiaries 1. Deepak Phenolics Limited DPL has reported Revenue from Operations of ` 913.50 crores for the period ended March 31, 2019 and Net Profit for the period was ` 35.88 crores. Product Portfolio • Products - Phenol, Acetone, Cumene, Isopropyl alcohol • User Industries - laminate & plywood pharmaceuticals, adhesives, sanitizers, rubber chemicals paints 2. Deepak Nitrite Corporation Inc. (USA) During FY19 the revenue of DNC was USD 1,78,347 and the net Income for the period was USD 4,888. Recent Developments • Deepak Nitrite’s turnover from the domestic revenues stood at 58% of total revenues while 42% were reported from exports. Domestic revenue grew by 7% y-o-y in FY20, while demand in export locations rose by 61% y-o-y FY20. The strong export performance is a partial result of DASDA Export. • In FY20, Deepak Nitrite invested ` 2.7 bn towards capacity expansion and debottlenecking of existing plants. This expenditure covered the 125-acre land purchased at Dahej (Gujarat) during the year. The location of this land is strategically surrounded by suppliers and customers creating opportunities of growth for the company. • In April 2020, Deepak Phenolics’ IPA plant was commissioned at Dahej. Dun & Bradstreet