Financial Capital-Pursuing growth with prudent financial management

FINANCIAL CAPITALPursuing growth with prudent financial management

At Deepak Nitrite, our goal is to provide optimal returns to our stakeholders through robust financial management. We continuously improve our financial position to enhance our preparedness for future opportunities, ensuring long-term growth and sustainability.

Material issues addressed

Growth and profitability

Key risks considered

Business riskFunding risk

UN SDGs impacted

MANAGING OUR FINANCIAL CAPITAL

We have a prudent financial management strategy that assesses the need for funds to support sustainable business operations and growth opportunities. We aim to maintain a strong balance sheet through proactive funds and liquidity management. Our focus is on delivering lasting value to our stakeholders, even in the face of economic challenges and market disruptions.

We regularly invest in our manufacturing and intellectual capital to provide quality products to our customers. Additionally, we invest in human and social capital to ensure the well-being of our employees and communities and in natural capital to promote environmentally responsible practices. These investments are carefully balanced and calibrated to achieve our financial objectives.

We ensure adequate liquidity, maintain optimal cost of funds and uphold healthy gearing ratios. We conduct periodic reviews of all our investments based on a stringent capital allocation framework to enhance shareholder returns.

PERFORMANCE IN FY 2023-24

Successfully navigated through macroeconomic challenges and maintained a steady supply of products for our clients
Reported resilient performance, supported by volume growth and improved plant efficiency
Optimised assets and boosted efficiencies, achieving record production levels for key products
Leveraged strong brand and strategic relationships to drive growth through increased volumes and significant cost savings in yield enhancement and energy
Achieved record volumes in select products

Commenced manufacturing at the new fluorination plant in Dahej
Received ₹ 127 Crores as final settlement of the insurance claim for a fire incidence occured at Nandesari plant of the Company in June 2022 recognising ₹ 79.80 Crores as income in FY 2023-24
The Board of Directors has recommended a Final Dividend of ₹ 7.50 (375%) per equity share of ₹ 2.00 each for FY 2023-24
On a consolidated basis, Deepak Nitrite remains debt-free with a net worth of ₹ 4,797 Crores, thereby strengthening its balance sheet for future expansion

₹ 28,938 _Crores

Market capitalisation as of March 31, 2024

Value creation

Consistently rewarded shareholders

Market Cap. (in ₹ Crores)

3,394

March 31, 2018

28,938

March 31, 2024

Excellence in execution

Sustained Increase in return ratios, with zero debt levels