Dhanuka Agritech logo

Dhanuka Agritech

DHANUKA NSE

Key Fundamentals

MicrocapPesticides & AgrochemicalsChemicals
Market Cap
₹4,371 Cr
Volatility
Moderate
P/E Ratio
16.46
EBITDA
₹453 Cr
Return on Equity
21.17%
Debt to Equity
0.02
Book Value
₹377.26
EPS
₹55.96
52W High
₹1,620.4
52W Low
₹889.6

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Strengths

2
  • Company has reduced debt.
  • Company is almost debt free.

Weaknesses

1
  • The company has delivered a poor sales growth of 7.80% over past five years.

Growth Rate

Revenue Growth
15.49% higher than 3Y
Net Income Growth
24.22% higher than 3Y
Cash Flow Change
95.34% higher than 3Y
ROE
11.19% lower than 3Y
ROCE
10.63% higher than 3Y
EBITDA Margin (Avg.)
8.16% lower than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 44d ago
AI opinion · based on fundamentals
Risk medium

Dhanuka Agritech is a nearly debt-free agrochemical company trading at a PE of 16x with a market cap of ₹4,664 Cr. The company has maintained a consistent ROE of ~20% over 5 years but faces headwinds with negative TTM sales growth of -1% and a sharp 46% stock price decline over the past year.

Bull Case 8
  • Company is virtually debt-free, providing significant financial flexibility and low interest burden
  • Consistent return on equity averaging 21% over 5 years and 20% over 3 years, indicating efficient capital allocation
  • PE ratio of 16x is reasonable for a specialty chemicals company with 20%+ ROE, suggesting valuation is not stretched
  • Compounded profit growth of 11% over 10 years demonstrates long-term earnings consistency
  • 10-year compounded sales CAGR of 9% shows the company has grown revenue through multiple agricultural cycles
  • Price-to-book ratio of 2.73x is modest relative to 18-21% ROE range, implying reasonable value for return generated
  • Company has actively reduced debt over time, strengthening its balance sheet for potential future expansion
  • 3-year compounded profit growth of 10% outpaces 3-year sales growth of 6%, indicating margin improvement over the medium term
Bear Case 8
  • Stock price has declined 46% over the past 1 year, reflecting significant negative market sentiment
  • TTM sales growth is negative at -1%, indicating current revenue contraction
  • TTM profit growth is negative at -2%, showing earnings are currently declining
  • 5-year sales CAGR of only 8% and recent deceleration to -1% TTM suggests structural growth challenges in the agrochemical segment
  • ROE has declined from 21% (5-year average) to 18% in the last year, signaling deteriorating capital efficiency
  • Dividend yield of only 0.19% provides minimal income support for investors during periods of capital loss
  • 5-year stock CAGR of just 2% has significantly underperformed broader market indices over the same period
  • 5-year compounded profit growth of only 6% lags the 10-year average of 11%, indicating a slowdown in earnings momentum

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 42d ago
Neutral 1
  • Q1 earnings call scheduled Jul 28

    Dhanuka Agritech will host an analyst/investor conference call on Aug 3, 2026 at 3:30 PM IST to discuss Q1 FY27 results, hosted by Antique Stock Broking.

TL;DR: Limited recent news flow for Dhanuka Agritech with only a routine earnings call announcement. No material headwinds or positive catalysts identified in the current news cycle. Investors should watch the Aug 3 Q1 FY27 results call for updates on revenue growth, margin trajectory, and kharif season performance.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
369
618
403
368
494
654
445
442
528
598
410
483
462
Expenses
325
476
341
288
422
495
370
332
445
462
351
358
407
Operating Profit
44
142
62
80
72
160
76
110
83
137
59
125
55
OPM %
12%
23%
15%
22%
15%
24%
17%
25%
16%
23%
14%
26%
12%
Other Income
7
6
7
15
7
11
7
11
8
6
8
21
9
Interest
1
1
1
1
1
1
1
2
1
1
1
1
1
Depreciation
5
10
13
13
12
13
13
17
15
16
16
16
14
PBT
45
137
56
81
66
157
68
102
75
126
50
128
49
Tax %
26%
26%
19%
28%
26%
25%
19%
26%
26%
25%
20%
24%
25%
Net Profit
33
102
45
59
49
118
55
76
56
94
40
98
36
EPS in Rs
7.23
22.33
9.95
12.95
10.73
26.07
12.21
16.75
12.31
20.85
8.87
21.69
8.14
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
785
829
883
963
1,006
1,120
1,387
1,478
1,700
1,759
2,035
2,020
1,953
Expenses
653
689
713
796
860
946
1,118
1,214
1,421
1,431
1,619
1,616
1,578
Operating Profit
132
140
170
166
146
174
269
264
279
327
417
404
375
OPM %
17%
17%
19%
17%
15%
16%
19%
18%
16%
19%
20%
20%
19%
Other Income
6
13
18
16
21
25
34
34
45
35
36
43
44
Interest
3
1
1
1
1
2
3
3
3
3
5
4
3
Depreciation
6
6
15
14
12
16
15
16
18
41
55
64
63
PBT
129
145
172
167
154
181
285
277
303
319
392
379
353
Tax %
18%
26%
29%
24%
27%
22%
26%
25%
23%
25%
24%
24%
Net Profit
106
107
122
126
113
141
211
209
234
239
297
287
268
EPS in Rs
21.21
21.45
24.83
25.71
23.66
29.73
45.21
44.82
51.23
52.46
65.88
63.72
59.55
Div. Payout %
6%
30%
2%
21%
3%
40%
4%
31%
4%
27%
3%
3%
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
3
10
10
10
10
10
9
9
9
9
9
9
Reserves
410
470
512
624
633
698
787
951
1,052
1,247
1,394
1,673
Borrowings
16
8
8
5
22
8
48
32
34
27
74
31
Other Liabilities
166
169
185
185
171
217
286
320
310
296
323
390
Total Liabilities
594
657
715
823
835
932
1,131
1,312
1,405
1,579
1,800
2,102
Fixed Assets
70
133
138
131
117
117
167
159
165
338
504
467
CWIP
38
0
0
0
1
4
8
48
153
28
9
12
Investments
47
92
66
182
120
159
278
336
255
240
230
371
Other Assets
438
431
510
510
597
652
679
769
833
973
1,057
1,252
Total Assets
594
657
715
823
835
932
1,131
1,312
1,405
1,579
1,800
2,102
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
110
140
63
138
13
162
231
104
136
134
263
196
Investing
-70
-66
20
-111
63
-44
-127
-43
3
-81
-143
-118
Financing
-38
-76
-81
-20
-87
-93
-129
-61
-137
-57
-120
-60
Net Cash Flow
2
-2
3
7
-10
25
-25
1
2
-3
0
18
Free Cash Flow
85
113
44
131
9
152
219
46
36
46
74
169
CFO/OP
101
124
63
107
46
114
108
65
75
65
86
70
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
90
82
76
79
79
79
64
70
73
72
82
80
Inventory Days
161
125
222
147
137
141
137
148
123
155
132
173
Days Payable
52
46
48
60
51
64
50
74
62
56
46
66
Cash Conversion Cycle
199
160
250
166
165
156
151
143
133
172
168
187
Working Capital Days
113
112
138
122
145
125
103
112
107
140
121
154
ROCE %
33%
31%
34%
29%
23%
26%
36%
30%
27%
27%
28%
24%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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62 extracted metrics + investor summaries across FY11–FY27.

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Shareholding Pattern

FIIs1.64%Promot.69.81%Others1.93%Public7.90%DIIs18.71%As ofJun 2026

Documents

Frequently Asked Questions about Dhanuka Agritech

What does Dhanuka Agritech Ltd do?
Dhanuka Agritech manufactures a wide range of agro-chemicals like herbicides, insecticides, fungicides, plant growth regulators in various forms liquid, dust, powder and granules.(Source : 202003 Annual Report Page No:93)
Where is Dhanuka Agritech Ltd (DHANUKA) listed?
Dhanuka Agritech Ltd trades as DHANUKA on the NSE and under code 507717 on the BSE.
Which sector does Dhanuka Agritech Ltd belong to?
Dhanuka Agritech Ltd is classified under the Chemicals sector, in the Pesticides & Agrochemicals industry.
What is the market capitalisation of Dhanuka Agritech Ltd?
Dhanuka Agritech Ltd has a market capitalisation of ₹4,371 Cr, which places it in the Small Cap band.
What is the PE ratio of Dhanuka Agritech Ltd?
Dhanuka Agritech Ltd trades at a PE ratio of 16.46, on earnings per share of ₹55.96, against a book value of ₹377.26 per share.
What is the 52-week high and low of Dhanuka Agritech Ltd?
Over the last 52 weeks Dhanuka Agritech Ltd has traded between ₹889.6 and ₹1,620.4.
Does Dhanuka Agritech Ltd pay dividends?
Dhanuka Agritech Ltd has a dividend yield of 0.20%.
What is the Return on Equity (ROE) of Dhanuka Agritech Ltd?
Dhanuka Agritech Ltd reported a return on equity of 21.17%. Its debt-to-equity ratio is 0.02.

Company Information

Dhanuka Agritech manufactures a wide range of agro-chemicals like herbicides, insecticides, fungicides, plant growth regulators in various forms liquid, dust, powder and granules.(Source : 202003 Annual Report Page No:93)

Website dhanuka.com
CEO Mr. Mahendra Kumar Dhanuka
Employees 1,107
Listed 2011-06-29
Face Value ₹ 2
Issued Size 4,50,78,324

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