Dhanuka Agritech Ltd

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NSEBSE

1125.10-8.20 (-0.72%)

03:49 PM,20th Feb 2024

1120.15-12.35 (-1.09%)

04:01 PM,20th Feb 2024

BSE : 507717

NSE : DHANUKA

Sector : Agri and agri inputs

ISIN Code : INE435G01025

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Last Updated: Feb 20 2024 | 04:01 PM IST

Market Cap (₹ Cr)

5130

Turnover (₹ Cr)

0.44

Volume (Shares)

38802

Face Value

2

52-WK High

1298.00

52-WK High Date

11 Jan 2024

52-WK Low

605.10

52-WK Low Date

03 Apr 2023

All Time High

1298.00

All Time High Date

11 Jan 2024

All Time Low

78.15

All Time Low Date

12 Apr 2012

Dhanuka Agritech Ltd

Dhanuka Agritech Limited formerly known as Dhanuka Pesticides Limited manufactures a wide range of agro-chemicals like herbicides insecticides fungicides plant growth regulators in various forms - liquid dust powder and granules. The company has established itself across major crops (rice cotton soybean and vegetables) and geographies (south and west). To enhance its position across the spectrum the company has been aggressive in new product launches supported by international tie-ups. The Company has three production units situated at Sanand in Gujarat Keshwana in Rajasthan and Udhampur in Jammu & Kashmir. The 3 manufacturing units with 39 warehouses and network of over 8 branch offices across the Indian geography caters to 6500 distributors & around 80000 dealers which enables it to have presence across 10 million farmers touch points. Besides these it has a pan-India presence through its Branch offices/Depots in all major states in India. It has world class NABL Accredited Laboratories and has international collaboration with leading companies of US Japan and Europe. Dhanuka Pesticides was incorporated in February 13th 1985 commenced commercial production in 1986. It is promoted by the Dhanuka Group of Industries. The company has a technical tie-up with Du Pont US for formulations of pesticides using raw material - methomyl which is imported from Du Pont. The plant was inaugurated in Jun.'92.In 1993 the company implemented an expansion-cum-diversification scheme to widen its operations by installing capacities for the manufacture of 200 tpa of technical grade atrazine and 80 tpa of the intermediate product parachloro benzyl cyanide and various pesticides and formulations.In 1995-96 the company commissioned plants to manufacture metaphenoxy benzaldehyde an intermediate and formulation plants for cypermethrin 10% EC and 25% EC.During 1998-99 the company successfully launched Nukil 10% EC in technical association with M/s Mitsui Chemicals Inc. Japan. The company also launched a systematic antibiotic Validamycin 3L in technical tie - up with M/s. Takeda Chemical Industries Ltd. Japan. The Company started marketing of Dunet 40 SP in technical tie-up with M/s EI Du-Pont.It has also launched a Soyabean Weedicide-Targa Super in technical tie-up with M/s Nissan Chemicals Industries Ltd in May 2001.During the financial year ended 31 March 2010 Dhanuka Agritech launched various new products namely Dhawa Gold Areva Apple D-era Nabood Dhanzyme Gold and Ad-Fyre. The market has shown encouraging response to these products. The company opened 7 new depots during the year to strengthen its market penetration and to save on transportation cost.Dhanuka Agritech achieved its sales and profitability targets during the year by a threefold strategy of increasing sales penetrating newer markets and reducing costs. The company has passed resolutions by way of Postal Ballot for carrying out the business of Wind Mill Power Project. The project has been launched in Rajasthan in association with Suzlon Energy Limited and became functional from 31 December 2009. During the financial year ended 31 March 2014 the company embarked on the construction of a new automated manufacturing plant in Rajasthan with budgeted capex of approx Rs. 50 crore.During the year under review the company launched in-licensed products - Maxyld Media Super Defend Danfuron with successful marketplace acceptance.The Delhi High Court approved the comprehensive Scheme of Amalgamation between M/s. A.M. Bros. Fintrade Private Limited and M/s. Dhanuka Finvest Private Limited with Dhanuka Agritech Limited and their respective Shareholders and Creditors. The order of the High Court has been led on 1 December 2015 with the Registrar of the Companies NCT Delhi & Haryana.Dhanuka Agritech commissioned a state-of-the-art manufacturing facility at Keshwana (Rajasthan) on 16 March 2016.During the financial year ended 31 March 2017 Dhanuka Agritech rewarded its Shareholders by doing Buyback at Rs 850 per equity share (the Buyback Price) amounting to be Rs. 80 crore. With the Buyback price of Rs 850 per share and Buyback Size of Rs 80 crore the total number of shares bought back in the Buyback was 941176 Equity Shares representing about 1.88% of the total issued and paid-up equity capital of the Company as on 31 March 2016.Driven by the focus of winning customers through planned strategies Dhanuka Agritech' financial performance continued to gain momentum quarter after quarter during the financial year ended 31 March 2018 resulting in nearly 9% growth in adjusted turnover over the previous year.The company permanently closed its manufacturing activities at its plant situated at Daulatabad Road Gurugram-122 001 Haryana w.e.f. 9 January 2018. The entire manufacturing operations of Gurugram unit have been shifted to Keshwana (Rajasthan) unit with no adverse effect on the company's overall operations.During FY 2019 the Company rewarded its Shareholders by undertaking Buyback of its Shares at Rs. 550 per Equity Share amounting to Rs. 825000000 excluding transaction costs viz. brokerage applicable taxes such as securities transaction tax service tax stamp duty etc. With the Buyback Price of Rs. 550/- and Buyback Size of Rs. 825000000 the total number of Shares bought back were 1500000 Equity Shares representing about 3.06% of the total Issued and Paid-up Equity Share Capital of the Company.As on 31 March 2019 the Company has only one subsidiary namely M/s. Dhanuka Agri Solutions Private Limited incorporated in Bangladesh which is Company's Wholly Owned Subsidiary. In FY' 20 Company launched seven products such as Mycore Zapac Prorin Prodhan Largo Chempa and Apply. Further the period of lockdown it launched 2 new products Dabooch and Dozo Maxx.In FY'21 Company is in the process of setting up a plant for Technical Manufacturing of Pesticides i.e. Backward Integration Process at Dahej Gujarat and has acquired a plot of approx. 137000 square meters at Dahej Gujarat in the year 2013. Apart from this it has launched Six Products such as Dabooch Dozo Maxx Kirari Craze-D Nissodium and Ripple. During FY'22 the Company has received a 9(3) Registration Certificate for Import of Halosulfuron Methyl Tech. Min. 97%. It launched a Co-marketing product under brand name TORNADO containing Quizalofop Ethyl 7.5%+ Imazthpyre 15% to control broad leaf as well as narrow leave weeds in Soybean and other crops. It also launched a product ONEKILL a combination of Quizalofop Ethyl 4% + Oxyflourfen 6% EC which will be used for the control of weeds in Onion Crop. It has received the Registration Certificate for Export u/s 9(3) for Bifenthrin 20% EC and Lambda Cyhalothrin 25% CS and also for Formulation Indigenous Manufacture u/s 9(4) for Pymetrozine 50% WG. It will be used to protect Rice crop from Brown Plant Hopper (BPH). It has executed Shareholders Subscription Agreement and Shareholders Agreement with M/s. IotechWorld Avigation Private Limited in August 2021 and invested Rs. 20 crores.

Dhanuka Agritech Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

5130

EPS - TTM (₹) [S]

53.84

P/E Ratio (X) [S]

4.32

Face Value (₹) 2
Latest Dividend (%)400.00
Latest Dividend Date 14 Feb 2024
Dividend Yield (%) 0.18
Book Value Share (₹) [S]260.41
P/B Ratio (₹) [S]4.32
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
DSP Small Cap Fund (IDCW) 230.09 1918125 1.66
DSP Small Cap Fund - Direct (IDCW) 230.09 1918125 1.66
DSP Small Cap Fund - Direct (G) 230.09 1918125 1.66
DSP Small Cap Fund (G) 230.09 1918125 1.66
DSP Midcap Fund (G) 224.66 1872883 1.36
DSP Midcap Fund (IDCW) 224.66 1872883 1.36
DSP Midcap Fund - Direct (G) 224.66 1872883 1.36
DSP Midcap Fund - Direct (IDCW) 224.66 1872883 1.36
Kotak Small Cap Fund - Direct (IDCW) 162.80 1357171 1.13
Kotak Small Cap Fund - Direct (G) 162.80 1357171 1.13

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Research Reports

Date BrokerActionPrices(Rs)Report
03-08-2023Prabhudas Lilladher Buy 746
26-05-2023Prabhudas Lilladher Buy 720
03-11-2022Prabhudas Lilladher Buy 728

Stock Strength

Today's Low/High

1110.70

1149.35

Week Low/High

1004.00

1149.35

Month Low/High

1004.00

1247.00

Year Low/High

605.10

1298.00

All time Low/High

1.20

1298.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week9.24%9.05%2.792.69%
1 Month-6.01%-5.81%2.292.90%
3 Month28.41%28.38%11.2712.71%
6 Month45.86%46.07%12.4814.95%
1 Year65.55%65.54%19.7623.70%
3 Year54.45%54.50%43.5648.16%

Company Info

Company Information

Chairman & Executive Director : R G Agarwal

Vice Chairman & M.D. : M K Dhanuka

Independent Director : Priya Brat

Joint Managing Director : Rahul Dhanuka

Independent Director : Vinod Jain

Independent Director : Sachin Kumar Bhartiya

Executive Director : Ashish Saraf

Independent Director : Sanjay Saxena

Executive Director : Harsh Dhanuka

Independent Director : Bajrang Lal Bajaj

Independent Director : Namrata Gupta

Company Sec. & Compli. Officer : Jitin Sadana

Independent Director : SIRAJ AZMAT CHAUDHRY

Non Executive Director : Manish Dhanuka

Registered Office: 82 Abhinash Mansion 1st Floor, Joshi Road Karol Bagh,New Delhi,New Delhi-110005 Ph: 91-011-64656800/1/2

Email:investors@dhanuka.com

URL:http://www.dhanuka.com