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Dhanuka Agritech Overview

Dhanuka Agritech Ltd is engaged in formulation and advertising of plant safety agro-chemicals, together with insecticides, herbicides, fungicides and plant growth regulators. The Company's brand portfolio includes over 80 products. The Company offers various product classes, which include Herbicides, consisting of SULTOP, DYNOFOP, CRAZE, WEEDMAR SUPER/WEEDMAR, NOWEED, TARGA SUPER, NABOOD, HOOK, BARRIER and OZONE; Fungicides, consisting of Kasu-B, Sheathmar, Cursor, Vitavax Power, Vitavax Ultra FF, and Hi-Dice; Insecticides, consisting of DUNET,...Read More

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Dhanuka Agritech Key Financials

Market Cap ₹4554 Cr.

Stock P/E 15.3

P/B 3.2

Current Price ₹1010.2

Book Value ₹ 311.2

Face Value 2

52W High ₹1960

Dividend Yield 0.2%

52W Low ₹ 890

Dhanuka Agritech Share Price

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Volume
Price

Dhanuka Agritech Quarterly Price

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Dhanuka Agritech Peer Comparison

Dhanuka Agritech Quarterly Results

#(Fig in Cr.) Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
Net Sales 393 371 369 618 403 368 494 654 445 442
Other Income 8 15 7 6 7 15 7 11 7 11
Total Income 401 386 376 624 411 384 501 665 452 453
Total Expenditure 342 293 325 476 341 288 422 495 370 332
Operating Profit 59 93 50 147 69 95 79 170 83 121
Interest 1 1 1 1 1 1 1 1 1 2
Depreciation 4 5 5 10 13 13 12 13 13 17
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 54 87 45 137 56 81 66 157 68 102
Provision for Tax 8 21 12 35 10 22 17 39 13 26
Profit After Tax 46 65 33 102 45 59 49 118 55 76
Adjustments 0 0 -0 0 0 -0 0 0 0 0
Profit After Adjustments 46 65 33 102 45 59 49 118 55 76
Adjusted Earnings Per Share 9.9 14.3 7.2 22.3 10 12.9 10.7 26.1 12.2 16.7

Dhanuka Agritech Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 785 829 883 963 1006 1120 1387 1478 1700 1759 2035 2035
Other Income 6 13 18 16 21 25 34 34 45 35 36 36
Total Income 791 841 901 979 1027 1145 1421 1511 1745 1794 2071 2071
Total Expenditure 653 689 713 796 860 947 1118 1214 1421 1431 1619 1619
Operating Profit 138 152 187 182 167 199 303 297 324 362 453 453
Interest 3 1 1 1 1 2 3 3 3 3 5 5
Depreciation 6 6 15 14 12 16 15 16 18 41 55 55
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 129 145 172 167 154 181 285 278 303 319 392 393
Provision for Tax 23 38 50 41 41 39 74 69 69 80 95 95
Profit After Tax 106 107 122 126 113 141 211 209 234 239 297 298
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 106 107 122 126 113 141 211 209 234 239 297 298
Adjusted Earnings Per Share 78.4 21.5 24.8 25.7 23.7 29.7 45.2 44.8 51.2 52.5 65.9 65.7

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 16% 11% 13% 10%
Operating Profit CAGR 25% 15% 18% 13%
PAT CAGR 24% 12% 16% 11%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -26% 16% 6% 5%
ROE Average 22% 22% 24% 23%
ROCE Average 29% 29% 31% 30%

Dhanuka Agritech Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 412 480 522 633 642 708 796 960 1061 1256 1403
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 21 32 46 39 30 27 59 47 46 45 49
Total Current Liabilities 161 144 148 151 163 198 276 304 298 278 349
Total Liabilities 594 657 715 823 835 932 1131 1312 1405 1579 1800
Fixed Assets 70 133 138 131 117 117 167 159 165 322 489
Other Non-Current Assets 75 73 74 115 124 148 106 199 345 231 163
Total Current Assets 449 450 503 577 594 666 858 955 896 1026 1149
Total Assets 594 657 715 823 835 932 1131 1312 1405 1579 1800

Dhanuka Agritech Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 2 4 1 4 11 0 25 1 1 3 1
Cash Flow from Operating Activities 110 140 63 138 13 162 231 104 136 134 263
Cash Flow from Investing Activities -70 -66 20 -111 63 -44 -127 -43 3 -81 -143
Cash Flow from Financing Activities -38 -76 -81 -20 -87 -93 -129 -61 -137 -57 -120
Net Cash Inflow / Outflow 2 -2 3 7 -10 25 -25 1 2 -3 0
Closing Cash & Cash Equivalent 4 2 4 11 0 25 1 1 3 1 1

Dhanuka Agritech Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 78.42 21.45 24.83 25.71 23.66 29.71 45.21 44.85 51.23 52.46 65.88
CEPS(Rs) 82.75 22.63 27.86 28.6 26.26 33.15 48.46 48.34 55.09 61.36 78.18
DPS(Rs) 4.5 6.5 0.6 5.5 0.6 12 2 14 2 14 2
Book NAV/Share(Rs) 299.38 96.05 106.3 129.05 134.98 148.72 170.94 206.19 232.85 275.54 311.17
Core EBITDA Margin(%) 15.19 15.4 16.98 14.81 12.87 13.95 17.91 16.82 15.5 17.24 18.89
EBIT Margin(%) 15.22 16.13 17.25 14.97 13.65 14.65 19.14 17.92 17.01 16.94 18.02
Pre Tax Margin(%) 14.92 16.01 17.14 14.88 13.56 14.51 18.95 17.7 16.83 16.78 17.79
PAT Margin (%) 12.23 11.82 12.18 11.24 9.91 11.36 14.01 13.32 12.98 12.59 13.47
Cash Profit Margin (%) 12.91 12.47 13.66 12.5 11 12.68 15.02 14.36 13.96 14.72 15.98
ROA(%) 19.09 17.16 17.77 16.41 13.58 15.99 20.41 17.1 17.19 16.02 17.58
ROE(%) 28.77 24.24 24.32 21.85 17.65 20.94 28 23.78 23.1 20.64 22.34
ROCE(%) 32.98 31.96 33.93 28.79 23.8 26.41 37.86 31.83 30.2 27.73 29.41
Receivable days 76.63 76.3 67.4 63.69 68.56 67.65 58.89 61.12 63.07 65.89 66.71
Inventory Days 84.79 73.2 79.7 76.32 66.17 67 66.21 74.79 70.25 73.3 67.59
Payable days 46.25 51.63 50.7 50.18 53 53.96 51.53 60.39 62.12 60.33 46.94
PER(x) 8.6 27.27 32.11 21.52 16.61 10.89 15.26 15.99 11.93 19.49 19.62
Price/Book(x) 2.25 6.09 7.5 4.29 2.91 2.18 4.04 3.48 2.62 3.71 4.15
Dividend Yield(%) 0.67 1.11 0.08 0.99 0.15 3.71 0.29 1.95 0.33 1.37 0.15
EV/Net Sales(x) 1.18 3.54 4.43 2.81 1.88 1.36 2.32 2.26 1.64 2.65 2.88
EV/Core EBITDA(x) 6.71 19.24 20.89 14.86 11.3 7.66 10.63 11.23 8.61 12.85 12.96
Net Sales Growth(%) 6.32 5.57 6.58 8.98 4.49 11.36 23.87 6.51 15.05 3.43 15.73
EBIT Growth(%) 9.53 10.95 17.89 -2.65 -7.78 17.58 57.92 -2.35 8.87 5.19 23.43
PAT Growth(%) 13.9 1.16 13.57 3.53 -10.78 25.56 48.97 -0.79 11.78 2.39 24.2
EPS Growth(%) 321.16 -72.64 15.75 3.53 -7.97 25.56 52.16 -0.79 14.23 2.39 25.58
Debt/Equity(x) 0.04 0.02 0.02 0.01 0.03 0.01 0.01 0 0 0 0.03
Current Ratio(x) 2.79 3.13 3.41 3.83 3.64 3.37 3.11 3.14 3.01 3.69 3.29
Quick Ratio(x) 1.6 1.93 1.62 2.47 2.38 2.11 2.04 2 1.85 2.19 2.15
Interest Cover(x) 50.77 132.67 157.66 159.44 149.68 106.69 101.14 81.78 94.15 104.27 77.72
Total Debt/Mcap(x) 0 0 0 0 0.01 0.01 0 0 0 0 0.01

Dhanuka Agritech Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 70.18 70.18 70.18 70.29 70.29 70.32 69.87 69.71 69.71 69.71
FII 1.34 1.49 1.53 2.01 2.16 2.19 2.66 2.3 2.13 1.93
DII 18.41 18.9 19.29 19.02 18.74 18.06 17.63 18.07 18.79 19.43
Public 10.06 9.43 9 8.68 8.81 9.43 9.84 9.91 9.37 8.92
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Dhanuka Agritech News

Dhanuka Agritech Pros & Cons

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 22%
  • Debtor days have improved from 60.33 to 46.94days.
  • Company is almost debt free.

Cons

  • Stock is trading at 3.2 times its book value.
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