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Dhanuka Agritech Ltd.

BSE: 507717 Sector: Agri and agri inputs
NSE: DHANUKA ISIN Code: INE435G01025
BSE 00:00 | 24 Jan 467.00 14.40
(3.18%)
OPEN

455.50

HIGH

469.20

LOW

447.65

NSE 00:00 | 24 Jan 466.85 13.95
(3.08%)
OPEN

447.25

HIGH

468.85

LOW

447.20

OPEN 455.50
PREVIOUS CLOSE 452.60
VOLUME 7060
52-Week high 490.00
52-Week low 288.75
P/E 19.13
Mkt Cap.(Rs cr) 2,223
Buy Price 464.00
Buy Qty 152.00
Sell Price 467.00
Sell Qty 100.00
OPEN 455.50
CLOSE 452.60
VOLUME 7060
52-Week high 490.00
52-Week low 288.75
P/E 19.13
Mkt Cap.(Rs cr) 2,223
Buy Price 464.00
Buy Qty 152.00
Sell Price 467.00
Sell Qty 100.00

Dhanuka Agritech Ltd. (DHANUKA) - Company History

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's production facilities are located at Sanand in Gujarat Jaipur in Rajasthan and Udhampur in Jammu & Kashmir. The company has a pan-India presence through its Branch offices/Depots in all major states in India.Dhanuka Pesticides was incorporated in Feb.'85 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 the formulations of pesticides using the 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.