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SummaryLatest NewsSector ComparisonEarnings ReportRevenue & GrowthPeersIncome StatementBalance SheetCash Flow
DHANUKA logo

DHANUKA - Dhanuka Agritech Ltd. Share Price

Fertilizers & Agrochemicals
Sharesguru Stock Score

DHANUKA

60/100

High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years

₹1025.10+15.40(+1.53%)
Market Closed as of Apr 10, 2026, 15:30 IST
Pros

Past Returns: In past three years, the stock has provided 15.2% return compared to 9.3% by NIFTY 50.

Smart Money: Smart money is taking extra interest in the stock as they increase their holdings.

Technicals: Bullish SharesGuru indicator.

Balance Sheet: Strong Balance Sheet.

Profitability: Recent profitability of 13% is a good sign.

Buy Backs: Company has bought back it's stock in the past which is a good thing.

Cons

No major cons observed.

Price to Sales Ratio

Revenue (Last 12 mths)

Net Income (Last 12 mths)

Sharesguru Stock Score

DHANUKA

60/100

High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years

Valuation

Market Cap4.39 kCr
Price/Earnings (Trailing)16.56
Price/Sales (Trailing)2.18
EV/EBITDA10.39
Price/Free Cashflow92.31
MarketCap/EBT12.46
Enterprise Value4.38 kCr

Fundamentals

Revenue (TTM)2.01 kCr
Rev. Growth (Yr)-7.6%
Earnings (TTM)264.97 Cr
Earnings Growth (Yr)-27.3%

Profitability

Operating Margin17%
EBT Margin17%
Return on Equity17.17%
Return on Assets13.06%
Free Cashflow Yield1.08%

Growth & Returns

Price Change 1W8.3%
Price Change 1M-1.3%
Price Change 6M-34.9%
Price Change 1Y-23.4%
3Y Cumulative Return15.2%
5Y Cumulative Return5.4%
7Y Cumulative Return13.8%
10Y Cumulative Return4.6%

Cash Flow & Liquidity

Cash Flow from Investing (TTM)-142.72 Cr
Cash Flow from Operations (TTM)262.66 Cr
Cash Flow from Financing (TTM)-119.88 Cr
Cash & Equivalents4.08 Cr
Free Cash Flow (TTM)68.66 Cr
Free Cash Flow/Share (TTM)15.23

Balance Sheet

Total Assets2.03 kCr
Total Liabilities486.2 Cr
Shareholder Equity1.54 kCr
Current Assets1.44 kCr
Current Liabilities437.53 Cr
Net PPE316.53 Cr
Inventory478.21 Cr
Goodwill0.00

Capital Structure & Leverage

Debt Ratio0.00
Debt/Equity0.00
Interest Coverage73.7
Interest/Cashflow Ops52.39

Dividend & Shareholder Returns

Dividend/Share (TTM)2
Dividend Yield0.14%
Shares Dilution (1Y)0.00%
Shares Dilution (3Y)-3.2%
Pros

Past Returns: In past three years, the stock has provided 15.2% return compared to 9.3% by NIFTY 50.

Smart Money: Smart money is taking extra interest in the stock as they increase their holdings.

Technicals: Bullish SharesGuru indicator.

Balance Sheet: Strong Balance Sheet.

Profitability: Recent profitability of 13% is a good sign.

Buy Backs: Company has bought back it's stock in the past which is a good thing.

Cons

No major cons observed.

The Good, Bad and Ugly
Growth
Measures how quickly a company is expanding through metrics like revenue growth, earnings growth, and cash flow growth over time. Strong growth can indicate future potential.
Profitability
Shows how efficiently a company turns business activities into profit, using metrics like profit margins, return on equity (ROE), and return on assets (ROA).
Size
Indicates the company's market presence through metrics like market capitalization, total assets, and revenue. Size can influence stability and market influence.
Dilution Rank
Tracks how much the company's shares have increased or decreased over time. Lower dilution means existing shareholders maintain stronger ownership stakes.
Balance Sheet
Evaluates the company's financial health by analyzing assets, debts, and equity. A strong balance sheet indicates financial stability and flexibility.
Momentum
Measures the strength and speed of price movements, showing whether the stock is gaining or losing market favor over different time periods.
Technicals
Analyzes price patterns, trading volumes, and other market indicators to identify potential trading opportunities and market trends.
Smart Money
Tracks the investment activities of institutional investors, hedge funds, and other large financial players who often have deep research capabilities.
Insider Trading
Monitors buying and selling of company shares by executives, directors, and other insiders who may have unique insights into the company's prospects.

Investor Care

Dividend Yield0.14%
Dividend/Share (TTM)2
Shares Dilution (1Y)0.00%
Earnings/Share (TTM)58.77

Financial Health

Current Ratio3.28
Debt/Equity0.00

Technical Indicators

RSI (14d)45.45
RSI (5d)58.86
RSI (21d)38.5
MACD SignalBuy
Stochastic Oscillator SignalHold
SharesGuru SignalBuy
RSI SignalHold
RSI5 SignalHold
RSI21 SignalHold
SMA 5 SignalBuy
SMA 10 SignalBuy
SMA 20 SignalSell
SMA 50 SignalSell
SMA 100 SignalSell

Summary of Latest Earnings Report from Dhanuka Agritech

Summary of Dhanuka Agritech's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.

Management at Dhanuka Agritech Limited provided an optimistic outlook for the future, stating that they anticipate recovery from the recent downturn in performance. Mr. M.K. Dhanuka emphasized their commitment to growing revenue and market presence, aiming for a double-digit CAGR over the long term. Significant forward-looking points shared include:

  1. Demand Recovery: The fourth quarter of FY'26 began positively, with January seeing strong sales, particularly for the wheat crop and paddy in South and East India. They expect good harvests for Rabi and Kharif seasons.

  2. Financial Performance: For Q3 FY'26, the revenue from operations was Rs.409.92 crores, down from Rs.445.27 crores in Q3 FY'25, while EBITDA fell to Rs.58.66 crores from Rs.75.56 crores, and net profit decreased to Rs.40 crores from Rs.55.04 crores.

  3. Product Development: The second product from the Dahej plant has been commercialized. Management aims for Dahej operations to become EBITDA positive in FY'27, targeting an 80% capacity utilization.

  4. Net Economic Benefits: The company anticipates a shift in revenue structure as they gain full control over Bayer products, which contributed around Rs.25-27 crores this quarter. Net economic benefits included Rs.19.5 crores over the past nine months.

  5. Market Penetration: Dhanuka plans to enhance penetration into rural markets and expand its distribution channel to reach more farmers, supported by new product introductions.

  6. Ongoing Innovations: Management has been investing in R&D, with collaborations with ten global agrochemical companies to introduce novel technologies in Indian markets.

  7. Regulatory Confidence: The management expressed optimism about upcoming regulatory approvals that could reintroduce previously affected biological products by the end of Q1 FY'27.

Overall, management conveyed confidence in overcoming recent challenges and looked forward to a stronger fiscal year ahead.

Q1: How is the current demand scenario for agrochemicals? What is your expectation from Kharif season?
A1: Q4 has started well; January was good, especially in South and East India. We expect a good harvest of Rabi and are optimistic for Kharif, but we will wait for weather forecasts in late March and early April to finalize our Kharif plans.

Q2: How much is the contribution from technical sales and the Bayer molecules in Q3 and 9 months?
A2: Revenue from Bayer molecules is around Rs.25-27 crores. Technical sales are about Rs.3-4 crores in Q3, and Rs.50 crores over 9 months.

Q3: Can you quantify the negative impact from sales returns?
A3: Sales returns this quarter were Rs.72 crores, slightly lower than last year's Rs.74 crores. Overall, returns have not increased in Q3 compared to the previous year.

Q4: What is the expected revenue from Bayer products next year?
A4: We anticipate a significant drop from Rs.40 crores to approximately Rs.30 crores due to unexpected market conditions affecting grape sales.

Q5: What is the contribution from biologicals in FY'25 and FY'26?
A5: Biologicals contributed less than Rs.2 crores in FY'25, and are nearly negligible in FY'26.

Q6: What is the growth outlook for Dhanuka over the next 3-5 years?
A6: We anticipate double-digit growth, driven by market demand and increased crop cycles. India's current agrochemical consumption is low compared to the global average.

Q7: What risks could prevent achieving this growth?
A7: Besides weather, risks include fluctuating commodity prices and regulatory changes which could influence farmers' input spending and overall agricultural performance.

Q8: What is the current cash on the books?
A8: We have over Rs.250 crores in cash and liquid investments.

Q9: How much CAPEX is expected for the MPP-2 plant?
A9: We expect a CAPEX of Rs.60 to Rs.70 crores for the MPP-2 plant.

Share Holdings

Understand Dhanuka Agritech ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.

Holding Pattern

Share Holding Details

Shareholder NameHolding %
TRIVENI TRUST (Mahendra Kumar Dhanuka)57.14%
PUSHPA DHANUKA TRUST (Late Arun Kumar Dhanuka)10.16%
DSP SMALL CAP FUND,DSP MIDCAP FUND, DSP BUSINESS CYCLE FUND9.29%
HDFC MID CAP FUND, HDFC INNOVATION FUND2.37%
MANISH DHANUKA0.58%
RAHUL DHANUKA0.44%
MAHENDRA KUMAR DHANUKA HUF (Mahendra Kumar Dhanuka)0.43%
RAM GOPAL AGARWAL0.17%
SATYA NARAIN AGARWAL0.16%
PUSHPA DHANUKA0.12%
MADHURI DHANUKA0.12%
UMA DHANUKA0.06%
MAHENDRA KUMAR DHANUKA0.06%
HARSH DHANUKA0.06%
MRIDUL DHANUKA0.06%
MEGHA DHANUKA0.06%
AKANGSHA DHANUKA0.06%
SEEMA DHANUKA0.03%
SATYANARAIN AGARWAL HUF (Satya Narain Agarwal)0%
MAMTA DHANUKA0%

Overall Distribution

Distribution across major stakeholders

Ownership Distribution

Distribution across major institutional holders

Is Dhanuka Agritech Better than it's peers?

Detailed comparison of Dhanuka Agritech against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.

Ticker
Name
Mkt Cap
Revenue
Price %, 1M
Returns, 1Y
P/E
P/S
Rev 1-Yr
Inc 1-Yr
COROMANDELCoromandel International55.6 kCr30.87 kCr-6.80%-6.50%23.171.8--
UPLUPL51.14 kCr49.67 kCr-3.60%-5.00%29.011.03--
PIINDPI Industries43.04 kCr7.24 kCr-7.90%-14.40%29.655.94--
BAYERCROPBayer CropScience19.83 kCr5.71 kCr+1.60%-3.00%31.323.18--
RALLISRallis India4.73 kCr2.91 kCr-5.50%+14.10%28.421.62--

Sector Comparison: DHANUKA vs Fertilizers & Agrochemicals

Comprehensive comparison against sector averages

Comparative Metrics

DHANUKA metrics compared to Fertilizers

CategoryDHANUKAFertilizers
PE16.3828.00
PS2.161.92
Growth0.5 %5.8 %
33% metrics above sector average
Key Insights
  • 1. DHANUKA is among the Top 10 Pesticides & Agrochemicals companies but not in Top 5.
  • 2. The company holds a market share of 2.2% in Pesticides & Agrochemicals.
  • 3. In last one year, the company has had a below average growth that other Pesticides & Agrochemicals companies.

Income Statement for Dhanuka Agritech

Consolidated figures (in Rs. Crores) /
Description(%) Q/QMar-2025Mar-2024Mar-2023Mar-2022Mar-2021Mar-2020
Revenue From Operations15.7%2,0351,7591,7001,4781,3871,120
Other Income2.9%363545343425
Total Income15.4%2,0711,7941,7451,5111,4211,145
Cost of Materials14.7%1,032900925804757582
Purchases of stock-in-trade-19.8%167208196146141141
Employee Expense11%172155126120118105
Finance costs96.7%5.113.093.123.22.691.56
Depreciation and Amortization35%554118161516
Other expenses11.3%227204180155137130
Total Expenses13.8%1,6791,4751,4421,2341,136965
Profit Before exceptional items and Tax23%392319303278285181
Total profit before tax23%392319303278285181
Current tax23.7%957772717146
Deferred tax-174.4%-0.282.72-3.17-2.732.96-6.87
Total tax19%958069697439
Total profit (loss) for period24.4%297239234209211141
Other comp. income net of taxes583.3%1.411.060.081.911.3-3.72
Total Comprehensive Income24.3%298240234211212138
Earnings Per Share, Basic25.4%65.5552.45850.3544.84844.6129.71
Earnings Per Share, Diluted25.4%65.5552.45850.3544.84844.6129.71
Description(%) Q/QDec-2025Sep-2025Jun-2025Mar-2025Dec-2024Sep-2024
Revenue From Operations----442445654
Other Income----117.0111
Total Income----453452665
Cost of Materials----232171336
Purchases of stock-in-trade----8.333150
Employee Expense----404247
Finance costs----1.791.431.05
Depreciation and Amortization----171313
Other expenses----416070
Total Expenses----352384508
Profit Before exceptional items and Tax----10268157
Total profit before tax----10268157
Current tax----231639
Deferred tax----3.42-2.64-0.24
Total tax----261339
Total profit (loss) for period----7655118
Other comp. income net of taxes----1.4100
Total Comprehensive Income----7755118
Earnings Per Share, Basic----16.7412.24725.83
Earnings Per Share, Diluted----16.7412.24725.83
Standalone figures (in Rs. Crores) /
Description(%) Q/QMar-2025Mar-2024Mar-2023Mar-2022Mar-2021Mar-2020
Revenue From Operations15.7%2,0351,7591,7001,4781,3871,120
Other Income2.9%363545343425
Total Income15.4%2,0711,7941,7451,5111,4211,145
Cost of Materials14.7%1,032900925804757582
Purchases of stock-in-trade-19.8%167208196146141141
Employee Expense11%172155126120118105
Finance costs96.7%5.113.093.123.22.691.56
Depreciation and Amortization35%554118161516
Other expenses11.3%227204180155137130
Total Expenses13.8%1,6791,4751,4421,2341,136965
Profit Before exceptional items and Tax23%392319303277285181
Total profit before tax23%392319303277285181
Current tax23.7%957772717146
Deferred tax-174.4%-0.282.72-3.17-2.732.96-6.87
Total tax19%958069697439
Total profit (loss) for period24.4%297239234209211141
Other comp. income net of taxes583.3%1.411.060.081.911.3-3.72
Total Comprehensive Income24.3%298240234211212138
Earnings Per Share, Basic25.4%65.5552.45850.35144.8244.6129.73
Earnings Per Share, Diluted25.4%65.5552.45850.35144.8244.6129.73
Description(%) Q/QDec-2025Sep-2025Jun-2025Mar-2025Dec-2024Sep-2024
Revenue From Operations-31.5%410598528442445654
Other Income33.8%8.126.328.04117.0111
Total Income-31%418605536453452665
Cost of Materials-40.5%205344361232171336
Purchases of stock-in-trade8300%221.25278.333150
Employee Expense-6.4%454847404247
Finance costs-11.1%0.80.821.31.791.431.05
Depreciation and Amortization0%161615171313
Other expenses-13.2%606960416070
Total Expenses-23.2%368479462352384508
Profit Before exceptional items and Tax-60.8%501267510268157
Total profit before tax-60.8%501267510268157
Current tax-74.7%8.63118231639
Deferred tax1200%1.131.011.093.42-2.64-0.24
Total tax-71.8%9.743219261339
Total profit (loss) for period-58.1%4094567655118
Other comp. income net of taxes-0001.4100
Total Comprehensive Income-58.1%4094567755118
Earnings Per Share, Basic-60.4%8.8720.8512.3116.7412.24725.83
Earnings Per Share, Diluted-60.4%8.8720.8512.3116.7412.24725.83

Balance Sheet for Dhanuka Agritech

Consolidated figures (in Rs. Crores) /
Description(%) Q/QSep-2025Mar-2025Sep-2024Mar-2024Sep-2023Mar-2023
Cash and cash equivalents--0.571.810.511.663.48
Current investments--12416725896
Loans, current--141926160.47
Total current financial assets--664705534700507
Inventories--399483418335345
Total current assets--1,1491,2651,0261,087896
Property, plant and equipment--328307321335163
Capital work-in-progress--8.51282815153
Investment property--151616-0
Non-current investments--107170168150159
Loans, non-current--0.190.150.180.180.41
Total non-current financial assets--136203184156185
Total non-current assets--652558553515509
Total assets--1,8001,8241,5791,6021,405
Total non-current financial liabilities--4316384041
Provisions, non-current--1.430.451.810.912.85
Total non-current liabilities--4944454546
Borrowings, current--42570.4733.81
Total current financial liabilities--307453234328258
Provisions, current--0.180.110.110.210.21
Current tax liabilities--9.58278.322210
Total current liabilities--349508278370298
Total liabilities--397552323415344
Equity share capital--9.029.029.129.129.12
Total equity--1,4031,2721,2561,1871,061
Total equity and liabilities--1,8001,8241,5791,6021,405
Standalone figures (in Rs. Crores) /
Description(%) Q/QSep-2025Mar-2025Sep-2024Mar-2024Sep-2023Mar-2023
Cash and cash equivalents816.3%4.080.571.810.511.653.48
Current investments4.9%13012416725896
Loans, current-75.8%4.15141926160.47
Total current financial assets31.8%875664705534700507
Inventories19.8%478399483418335345
Total current assets24.9%1,4351,1491,2651,0261,087896
Property, plant and equipment-3.4%317328307321335163
Capital work-in-progress33.2%118.51282815153
Investment property0%151516160-
Non-current investments-15.1%91107170168150159
Loans, non-current2.5%0.210.190.150.180.180.41
Total non-current financial assets-28.9%97136203184156185
Total non-current assets-8.9%594652558553515509
Total assets12.7%2,0291,8001,8241,5791,6021,405
Total non-current financial liabilities-4.8%414339384041
Provisions, non-current-246.5%0.371.430.451.810.912.85
Total non-current liabilities0%494944454546
Borrowings, current-100.7%0.7342570.4733.81
Total current financial liabilities27.5%391307458234328258
Provisions, current0%0.180.180.110.110.210.21
Current tax liabilities144.8%229.58278.322210
Total current liabilities25.6%438349508278370298
Total liabilities22.5%486397552323415344
Equity share capital0%9.029.029.029.129.129.12
Total equity10%1,5431,4031,2721,2561,1871,061
Total equity and liabilities12.7%2,0291,8001,8241,5791,6021,405

Cash Flow for Dhanuka Agritech

Consolidated figures (in Rs. Crores) /
Description(%) Q/QMar-2025Mar-2024Mar-2023Mar-2022Mar-2021Mar-2020
Finance costs96.7%5.113.093.123.2--
Change in inventories124.4%19-72.822.12-90.58--
Depreciation35%55411816--
Unrealised forex losses/gains-54.8%-0.440.07-0.370.34--
Dividend income-000-0.25--
Adjustments for interest income0%20201814--
Net Cashflows from Operations67.1%357214209170--
Income taxes paid (refund)20.5%95797366--
Net Cashflows From Operating Activities97%263134136104--
Proceeds from sales of PPE1271.4%4.841.28241.66--
Purchase of property, plant and equipment119.3%1948912460--
Purchase of investment property39.2%-14.11-23.86-84.9746--
Dividends received-0000.25--
Interest received16.7%22191513--
Other inflows (outflows) of cash124.6%10-35.642.749--
Net Cashflows From Investing Activities-75.5%-142.72-80.892.56-42.6--
Payments to acquire or redeem entity's shares-1240850--
Payments of lease liabilities11.9%4.964.543.823.62--
Dividends paid-42.2%27462847--
Interest paid96.7%5.113.093.123.2--
Income taxes paid (refund)-00200--
Other inflows (outflows) of cash1044.7%42-3.342.85-7.4--
Net Cashflows from Financing Activities-110.1%-119.88-56.54-136.79-60.8--
Net change in cash and cash eq.76.3%0.06-2.9720.87--
Standalone figures (in Rs. Crores) /
Description(%) Q/QMar-2025Mar-2024Mar-2023Mar-2022Mar-2021Mar-2020
Finance costs96.7%5.113.093.123.2--
Change in inventories124.4%19-72.822.12-90.58--
Depreciation35%55411816--
Unrealised forex losses/gains-54.8%-0.440.07-0.370.34--
Dividend income-000-0.25--
Adjustments for interest income0%20201814--
Net Cashflows from Operations67.1%357214209170--
Income taxes paid (refund)20.5%95797366--
Net Cashflows From Operating Activities97%263134136104--
Proceeds from sales of PPE1271.4%4.841.28241.66--
Purchase of property, plant and equipment119.3%1948912460--
Purchase of investment property39.2%-14.11-23.86-84.9746--
Dividends received-0000.25--
Interest received16.7%22191513--
Other inflows (outflows) of cash124.6%10-35.642.749--
Net Cashflows From Investing Activities-75.5%-142.72-80.892.57-42.61--
Payments to acquire or redeem entity's shares-1240850--
Payments of lease liabilities11.9%4.964.543.823.62--
Dividends paid-42.2%27462847--
Interest paid96.7%5.113.093.123.2--
Income taxes paid (refund)-00200--
Other inflows (outflows) of cash1044.7%42-3.342.85-7.4--
Net Cashflows from Financing Activities-110.1%-119.88-56.54-136.79-60.8--
Net change in cash and cash eq.76.3%0.06-2.9720.86--

What does Dhanuka Agritech Ltd. do?

Pesticides & Agrochemicals•Chemicals•Small Cap

Dhanuka Agritech Limited operates as an agro-chemical company in India. The company offers herbicides, insecticides, fungicides, and plant growth regulators in various forms, such as liquid, dust, powder, and granules. It also offers Biological portfolio to control insect, and protects from discase and nutrient uptake. The company was founded in 1980 and is headquartered in Gurugram, India.

Industry Group:Fertilizers & Agrochemicals
Employees:1,136
Website:www.dhanuka.com

Important Disclosure & Data Context

This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.

Performance Comparison

DHANUKA vs Fertilizers (2021 - 2026)

DHANUKA is underperforming relative to the broader Fertilizers sector and has declined by 3.2% compared to the previous year.