Deepak Nitrite Ltd (DN IN) - BBG Adjusted
In Millions of INR except Per Share FY 2019 FY 2020 FY 2021
12 Months Ending 03/31/201903/31/202003/31/2021
Revenue 17,677.7 21,960.0 17,786.4
+ Sales & Services Revenue 17,677.7 21,960.0 17,786.4
+ Other Operating Income 241.5 336.6 305.0
- Operating Expenses 15,348.8 15,045.7 13,392.6
+ Selling, General & Admin — — 258.7
+ General & Administrative — — 258.7
+ Research & Development 81.1 104.3 151.9
+ Depreciation & Amortization 528.8 779.3 668.8
+ Prov For Doubtful Accts 8.4 78.2 -43.1
+ Other Operating Expense 14,730.6 14,083.9 12,356.3
Operating Income (Loss) 2,570.4 7,250.9 4,698.8
- Non-Operating (Income) Loss 406.9 130.7 -90.1
+ Interest Expense, Net 340.9 197.4 35.3
+ Interest Expense 348.9 203.2 41.2
- Interest Income 8.0 5.8 5.9
+ Other Investment (Inc) Loss 0.0 0.0 0.0
+ Foreign Exch (Gain) Loss 0.0 -31.1 -86.8
+ Other Non-Op (Income) Loss 66.0 -35.6 -38.6
Pretax Income (Loss), Adjusted 2,163.5 7,120.2 4,788.9
- Abnormal Losses (Gains) 38.5 59.9 2.8
+ Disposal of Assets 42.9 63.2 6.9
+ Asset Write-Down — — —
+ Sale of Investments -4.4 -3.3 -4.1
Pretax Income (Loss), GAAP 2,125.0 7,060.3 4,786.1
- Income Tax Expense (Benefit) 744.6 1,619.9 1,238.9
+ Current Income Tax 486.4 1,920.8 1,232.2
+ Deferred Income Tax 258.1 -300.9 6.7
Income (Loss) from Cont Ops 1,380.4 5,440.4 3,547.2
- Net Extraordinary Losses (Gains) 0.0 0.0 0.0
+ Discontinued Operations 0.0 0.0 0.0
+ XO & Accounting Changes 0.0 0.0 0.0
Income (Loss) Incl. MI 1,380.4 5,440.4 3,547.2
- Minority Interest 0.0 0.0 0.0
Net Income, GAAP 1,380.4 5,440.4 3,547.2
- Preferred Dividends 0.0 0.0 0.0
- Other Adjustments 0.0 0.0 0.0
Net Income Avail to Common, GAAP 1,380.4 5,440.4 3,547.2
Net Income Avail to Common, Adj 1,407.3 5,482.3 3,549.2
Net Abnormal Losses (Gains) 26.9 41.9 2.0
Net Extraordinary Losses (Gains) 0.0 0.0 0.0
Basic Weighted Avg Shares 136.4 136.4 136.4
Basic EPS, GAAP 10.12 39.89 26.01
Basic EPS from Cont Ops, GAAP 10.12 39.89 26.01
Basic EPS from Cont Ops, Adjusted 10.32 40.19 26.02
Diluted Weighted Avg Shares 136.4 136.4 136.4
Diluted EPS, GAAP 10.12 39.89 26.01
Diluted EPS from Cont Ops, GAAP 10.12 39.89 26.01
Diluted EPS from Cont Ops, Adjusted 10.32 40.19 26.02
Reference Items
Accounting Standard IN GAAP IN GAAP IN GAAP
EBITDA 3,099.2 8,030.2 5,367.6
EBITDA Margin (T12M) 17.53 36.57 30.18
EBITA 2,586.2 7,263.1 4,738.1
EBIT 2,570.4 7,250.9 4,698.8
Operating Margin 14.54 33.02 26.42
Profit Margin 7.96 24.97 19.95
Sales per Employee ### ### ###
Dividends per Share 2.00 4.50 5.50
Total Cash Common Dividends 272.8 613.8 750.2
Personnel Expenses 1,586.0 1,749.7 1,810.5
Depreciation Expense 512.9 767.1 629.5
Rental Expense 23.5 11.4 11.3
Source: Bloomberg
FY 2022 FY 2023
03/31/202203/31/2023
24,913.7 30,335.5
24,913.7 30,335.5
196.8 0.0
19,382.4 25,237.2
202.3 —
202.3 —
222.9 —
725.4 761.6
21.7 —
18,210.1 24,475.6
5,728.1 5,098.3
-636.1 -1,000.1
10.7 —
16.0 15.7
5.3 —
-392.0 —
-89.3 0.0
-165.5 -1,015.8
6,364.2 6,098.4
-55.9 0.0
-10.3 —
— —
-45.6 —
6,420.1 6,098.4
1,558.0 1,404.5
1,525.2 1,337.2
32.8 67.3
4,862.1 4,693.9
0.0 0.0
0.0 0.0
0.0 0.0
4,862.1 4,693.9
0.0 0.0
4,862.1 4,693.9
0.0 0.0
0.0 0.0
4,862.1 4,693.9
4,823.0 4,693.9
-39.1 0.0
0.0 0.0
136.4 136.4
35.65 34.41
35.65 34.41
35.36 34.41
136.4 136.4
35.65 34.41
35.65 34.41
35.36 34.41
IN GAAP IN GAAP
6,453.5 5,859.9
25.90 19.32
5,761.0 5,127.7
5,728.1 5,098.3
22.99 16.81
19.36 15.47
### ###
7.00 7.50
954.8 1,022.9
1,967.4 2,295.9
692.5 732.2
16.9 33.3
