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Dhanuka Agritech Ltd share Price Today

Company details

1,625.00
1,691.00
703.35
1,733.00
6M Return 55.83%
1Y Return 111.21%
Mkt Cap.(Cr) 7,684.00
Volume 32,516
Div Yield 0.36%
OI
-
OI Chg %
-
Volume 32,516

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Agrochemicals company Dhanuka Agritech announced FY24 results:

  • The company recorded revenues of Rs 1,758.54 crore for Q4FY24, an increase of 3.4% over PY of Rs 1,700.22 crore.
  • Profit after tax was Rs 239.09 crore, as compared to PY profit after tax of Rs 233.51 crore.

Commenting on the Q4 performance, M. K. Dhanuka, Vice-Chairman and Managing Director, Dhanuka Agritech said, despite the year 2023 recording below-average rainfall (820 mm compared to the usual 868.6 mm) due to El Nino, prevailing volatile and challenging market conditions, the company performed reasonably well. Our new product offerings have received encouraging responses from the farming community.

As IMD forecasts predict above-normal rainfall this year, it would significantly benefit the agriculture sector, especially the kharif season. Accordingly, we at Dhanuka are hopeful of delivering a strong performance and profit stabilization in the current financial year.

Projecting into the current financial year, he said like the last few years, the company plans to launch several groundbreaking products in the current financial year. These advancements will not only revolutionize Indian agriculture but also solidify the company's position in the competitive agrochemical market. Already, in the month of April-May, we have launched three innovative products including the global introduction of the herbicide ‘Purge’, as well as the launch of insecticide ‘LaNevo’, and bio-fertilizer ‘MYCORe Super’. The initial feedback of the market is phenomenal for all these products and we plan the introduction of more innovative products over the next few months.

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Dhanuka Agritech Ltd shares SWOT Analysis

Strengths (9)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Company with Low Debt

Weakness (5)

  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years
  • Degrowth in Quarterly Revenue and Profit in Recent Results(YoY)
  • Declining Revenue every quarter for the past 2 quarters

Opportunity (2)

  • Highest Recovery from 52 Week Low
  • RSI indicating price strength

Threats (1)

  • Increasing Trend in Non-Core Income

Resistance and support

R1 1,709.6
R2 1,733.3
R3 1,775.6
Pivot

1,667.30

S1 1,643.6
S2 1,601.3
S3 1,577.6
EMA SMA
1,561.7
1,418.9
1,292.7
1,145.3
1,533.5
1,404.4
1,237.0
1,098.2
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GOVERNMENT OF SINGAPORE Bulk Purchase 2021-06-09 853 1598220 NSE
MONETARY AUTHORITY OF SINGAPORE Bulk Purchase 2021-06-09 853 356063 NSE
TRIVENI TRUST Bulk Sell 2021-06-09 853 1966536 NSE
Name Category Shares
SATYA NARAIN AGARWAL PROMOTER 0.61%
MANISH DHANUKA PROMOTER 0.58%
TRIVENI TRUST (Mahendra Kumar Dhanuka) PROMOTER 56.96%
PUSHPA DHANUKA TRUST (Arun Kumar Dhanuka) PROMOTER 10.14%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Dhanuka Agritech Ltd Stocks COMPARISON

Financials( in Cr) Dhanuka Agritech Ltd P I Industries Ltd UPL Ltd Bayer CropScience Ltd Sumitomo Chemical India Ltd
Price 1,685.90 3,798.75 570.85 6,712.40 480.00
% Change 1.03 -0.54 0.53 0.88 0.42
Mcap Cr 7,684.00 57,633.88 42,848.46 30,166.87 23,959.01
Revenue TTM Cr 1,700.22 6,492.00 53,576.00 5,139.70 3,510.97
Net Profit TTM Cr 233.50 1,229.50 4,414.00 758.20 502.21
PE TTM 32.09 34.26 0.00 40.95 64.82
1 Year Return 111.21 -2.02 -16.09 54.29 9.08
ROCE 28.87 21.56 15.20 32.05 29.85
ROE 23.10 18.46 16.20 25.91 23.31
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 1,061.30 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 29,542.69 26,564.54
LAST 3M 107,300.08 -872.81
LAST 6M 187,950.75 839.71
LAST 12M 304,454.24 86,051.23

Dhanuka Agritech Ltd Information

Stock PE (TTM)
32.09
Promoter Holding
70.18%
Book Value
275.5401
ROCE
28.87%
ROE
23.1%
Description
  • Dhanuka Agritech Limited is an India-based company in the business of formulation and marketing of agrochemicals, including herbicides, fungicides, insecticides, and plant-growth-regulators. The company also offers seed treatment and farm grading services along with crop-protection solutions for farmers. The company was incorporated on 13 February 1985, with its headquarters in Central Delhi. As of 28 October 2022, the market capitalisation of the company is Rs 3,191 crore.

    Dhanuka Agritech Limited got listed on the stock exchanges of India through its IPO on 11 June 2014. The company is listed on the National Stock Exchange (NSE) under the code DHANUKA as well as the Bombay Stock Exchange (BSE) under scrip code 507717. The company has also been included in the BSE 500 index.

    The company has two wholly-owned subsidiaries—Dhanuka Agri Solutions Private Limited and Dhanuka Chemicals Private Limited. The product range of the company includes Targa Super, Sakura, Nabood, Dhanutop, Weedmar Super, Lustre, Godiwa Super, Vivatax Power, Foster, Caldan 50, Dhanvarsha, Dhanzyme Gold Granules, and Dhanzyme Liquid. For the quarter that ended in June 2022, the company reported consolidated sales of Rs 392.73 crore with a net profit of Rs 49.11 crore.

    The shareholding pattern of the company in June 2022 reflected that a 70.00% stake in the company was held by promoters, a 13.50% stake was invested in mutual funds, a 9.41% stake was held by retail investors, a 3.90% stake belonged to the foreign institutional investors, and the remaining 3.19% stake was held by other domestic institutions. The top mutual funds in which the company has invested include DSP Small Cap Direct Growth Plan, DSP Infrastructure Growth and Economic Reforms Regular Fund, Kotak Small Cap Direct Growth, and HDFC Mid Cap Opportunities Direct Growth Plan.

    The company’s management team comprises Mr R G Agarwal (chairman and executive director), Mr M K Dhanuka (managing director), Ms Priya Brat (independent director), Mr Rahul Dhanuka (COO and executive director), Mr Vinod Jain (independent director), among others.

    On 28 October, Dhanuka Agritech Limited’s share price was Rs 722.60 per share at the NSE and Rs 722.40 per share at the BSE after the market closing. Dhanuka Agritech shares have given a six-month return of 0.58%, and its 52-week high price and 52-week low price are Rs 855.05 and Rs 630.65. The top peers of the company include Bayer Crop Science, P I Industries, UPL, and Sumitomo Chemicals.


    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code: 07730), BSE Ltd (Member Code: 103) and Member of Multi Commodity Exchange of India Ltd.(Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Ms. Mamta Shetty, Contact number: 022-40701022, E-mail address: complianceofficer@icicisecurities.com. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Such representations are not indicative of future results. The securities quoted are exemplary and are not recommendatory. Investors should consult their financial advisers if in doubt about whether the product is suitable for them. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Registered Address

82 Abhinash Mansion 1st Floor, Joshi Road Karol Bagh, New Delhi, New Delhi, 110005

Tel : 91-011-64656800/1/2
Email : investors:dhanuka.com
Website : http://www.dhanuka.com
Registrar

Abhipra Capital Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 507717
NSE Code : DHANUKA
Book Closure Date (Month) : Jul/Aug
BSE Group : B
ISIN : INE435G01025

FAQ’s on Dhanuka Agritech Ltd Shares

You can buy Dhanuka Agritech Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Dhanuka Agritech Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 28, 2024 03:56 PM the closing price of Dhanuka Agritech Ltd was Rs.1,685.90.

The latest PE ratio of Dhanuka Agritech Ltd as of Jun 28, 2024 03:56 PM is 32.09

The latest PB ratio of Dhanuka Agritech Ltd as of Jun 28, 2024 03:56 PM is 0.16

The 52-week high of Dhanuka Agritech Ltd share price is Rs. 1,733.00 while the 52-week low is Rs. 703.35

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 28, 2024 03:56 PM, the market cap of Dhanuka Agritech Ltd stood at Rs. 7,684.00 Cr.

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