Dhanuka Agritech Limited (DHANUKA) AI Stock Analysis

• Market Cap: ₹72.75B
• Dividend Yield: 0.12%
• Average Volume (3M): 6.25K
• Price to Earnings (P/E): 23.9
• Beta (1Y): 1.33
• Revenue Growth: 9.92%
• EPS Growth: 19.92%
• Country: IN
• Employees: 1,136
• Sector: Consumer Defensive
• Sector Strength: 50
• Industry: Agricultural Inputs
• EPS (TTM): 12.30
• Shares Outstanding: 45,578,323
• 10 Day Avg. Volume: 2,678
• 30 Day Avg. Volume: 6,245
• PEG Ratio: 0.77
• Price to Book (P/B): 4.04
• Price to Sales (P/S): 2.79
• P/FCF Ratio: 82.62
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹1,972.50
• Price Target Upside: 23.10% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 66 Neutral
• Price Target: ₹1,735.00 ▲(8.28% Upside)

Dhanuka Agritech Limited's overall stock score is driven by its strong financial performance, characterized by robust revenue and profit growth and low leverage. However, technical indicators suggest caution, as the stock is in a bearish trend. The valuation is moderate with a fair P/E ratio, but the low dividend yield may not appeal to income investors. The absence of earnings call data and corporate events limits additional insights.

Dhanuka Agritech Limited Business Overview & Revenue Model

Company Description

Dhanuka Agritech Limited (DHANUKA) is a leading agrochemical company in India, primarily engaged in the manufacturing and marketing of a wide range of crop protection products, including herbicides, insecticides, fungicides, and plant growth regulators. The company operates within the agriculture sector and serves farmers by providing solutions that enhance crop productivity and protect yield from pests and diseases. Dhanuka Agritech leverages its extensive distribution network and strong connections with the farming community to deliver innovative and effective agricultural inputs.

How the Company Makes Money

Dhanuka Agritech Limited generates revenue primarily through the sale of agrochemical products. The company's key revenue streams include the domestic and international distribution of its crop protection solutions, which are sold to farmers, agricultural cooperatives, and distributors. Dhanuka's extensive portfolio of branded products, combined with its focus on research and development, supports its ability to introduce new and effective solutions to the market, thereby driving sales. Partnerships with global agrochemical companies for product innovation and licensing also contribute to DHANUKA's earnings, enabling the company to access advanced technologies and expand its product offerings. Additionally, the company's robust distribution network across India ensures efficient product availability and strong market penetration, further enhancing its revenue potential.

Dhanuka Agritech Limited Financial Statement Overview

Summary

Dhanuka Agritech Limited demonstrates solid financial performance with strong revenue and profit growth, low leverage, and effective cash management. A robust Gross Profit Margin of 40.1% and Net Profit Margin of 14.6% underscore its profitability. The company also benefits from a low Debt-to-Equity Ratio of 0.05, highlighting financial stability.

Income Statement

Dhanuka Agritech Limited has shown a strong revenue growth trajectory, with a Revenue Growth Rate of 17.44% for the most recent year. The Gross Profit Margin remains robust at approximately 40.1%, and the Net Profit Margin improved to 14.6%, indicating effective cost management and strong profitability. Both EBIT and EBITDA margins have shown positive trends, contributing to a solid financial performance.

Balance Sheet

The company maintains a healthy Debt-to-Equity Ratio of 0.05, indicating low leverage and financial stability. Return on Equity (ROE) is strong at 21.2%, reflecting efficient use of equity capital to generate profits. The Equity Ratio of 77.9% highlights a solid equity base, though there is room for improvement in asset utilization.

Cash Flow

Free Cash Flow Growth Rate is a remarkable 52.12%, showing enhanced cash generation capabilities. The Operating Cash Flow to Net Income Ratio of 0.88 and Free Cash Flow to Net Income Ratio of 0.23 indicate that the company is generating sufficient cash to support its net income, although there is potential for further optimization in cash conversion.

Breakdown	TTM	Dec 2025	Dec 2023	Dec 2022	Dec 2022	Dec 2021
Income Statement
Total Revenue	20.35B	20.35B	17.33B	14.63B	17.00B	13.74B
Gross Profit	7.02B	8.16B	6.59B	5.23B	5.85B	5.09B
EBITDA	4.31B	4.17B	3.62B	2.97B	3.23B	3.02B
Net Income	2.97B	2.97B	2.39B	2.09B	2.34B	2.11B
Balance Sheet
Total Assets	18.00B	18.00B	15.79B	13.12B	14.05B	11.31B
Cash, Cash Equivalents and Short-Term Investments	1.25B	1.25B	723.49M	1.98B	1.67B	1.88B
Total Debt	742.33M	742.33M	269.79M	318.07M	335.17M	484.30M
Total Liabilities	3.97B	3.97B	3.23B	3.52B	3.44B	3.35B
Stockholders Equity	14.03B	14.03B	12.56B	9.60B	10.61B	7.96B
Cash Flow
Free Cash Flow	0.00	686.61M	451.24M	444.51M	120.50M	2.18B
Operating Cash Flow	0.00	2.63B	1.34B	1.04B	1.36B	2.31B
Investing Cash Flow	0.00	-1.43B	-808.93M	-426.01M	25.65M	-1.27B
Financing Cash Flow	0.00	-1.20B	-565.42M	-608.00M	-1.37B	-1.29B

Dhanuka Agritech Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1602.35
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:DHANUKA, the sentiment is Negative. The current price of 1602.35 is below the 20-day moving average (MA) of 1654.76, below the 50-day MA of 1680.06, and above the 200-day MA of 1496.86, indicating a neutral trend. The MACD of -27.24 indicates Positive momentum. The RSI at 43.16 is Neutral, neither overbought nor oversold. The STOCH value of 30.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:DHANUKA.

Dhanuka Agritech Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SHARDACROP	76 Outperform	₹87.22B	21.01		0.92%	36.53%	184.15%
RALLIS	67 Neutral	₹74.28B	42.71		0.66%	7.10%	29.32%
DHANUKA	66 Neutral	₹72.75B	23.95		0.12%	9.92%	19.92%
IPL	65 Neutral	₹25.94B	26.38		0.33%	26.32%	54.09%
BHARATRAS	65 Neutral	₹42.46B	31.58		0.01%	16.60%	4.50%
Sector *	63 Neutral	$20.46B	14.51	-3.60%	3.15%	2.60%	-5.31%
HERANBA	52 Neutral	₹15.04B	481.43		0.35%	―	―

Dhanuka Agritech Limited Corporate Events

Dhanuka Agritech Announces 40th AGM and E-Voting Notice

Dhanuka Agritech Limited has announced the publication of a notice to shareholders regarding its 40th Annual General Meeting (AGM) and e-voting procedures. This notice was published in the Financial Express and Jansatta newspapers on July 6, 2025, and is also available on the company’s website. The announcement is part of the company’s compliance with SEBI’s Listing Obligations and Disclosure Requirements, ensuring transparency and engagement with its shareholders.