Dhanuka Agritech Limited (IN:DHANUKA)
:DHANUKA
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Dhanuka Agritech Limited
(DHANUKA)
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Rating:71Outperform
Price Target:
₹1,272.00
▲(14.15% Upside)
Action:Upgraded
Date:05/21/26
The score is primarily driven by strong financial quality (notably the very low leverage balance sheet and solid profitability) but is held back by historically uneven cash-flow conversion and a richer valuation (high P/E with low dividend yield). Technicals are supportive in the medium term, though near-term momentum appears somewhat stretched.
Positive Factors
Conservative balance sheet
Extremely low leverage materially lowers financial risk and preserves flexibility across cycles. A conservative balance sheet supports funding for distribution, product launches, and working-capital needs without heavy external financing, enabling durable resilience to agricultural seasonality and input shocks.
Negative Factors
Uneven cash conversion
Persistent gaps between reported earnings and operating cash highlight working-capital and timing risks. If receivables or inventory build repeat cyclically, the company may face pressure on liquidity or need external financing, limiting reinvestment or strategic flexibility during weaker seasons.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Extremely low leverage materially lowers financial risk and preserves flexibility across cycles. A conservative balance sheet supports funding for distribution, product launches, and working-capital needs without heavy external financing, enabling durable resilience to agricultural seasonality and input shocks.
Read all positive factors
Dhanuka Agritech Limited (DHANUKA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹52.49B
Dividend Yield0.17%
Average Volume (3M)1.56K
Price to Earnings (P/E)33.2
Beta (1Y)1.01
Revenue Growth-0.75%
EPS Growth-2.74%
CountryIN
Employees1,136
SectorConsumer Defensive
Sector Strength42
IndustryAgricultural Inputs
Share Statistics
EPS (TTM)62.14
Shares Outstanding45,578,323
10 Day Avg. Volume846
30 Day Avg. Volume1,565
Financial Highlights & Ratios
PEG Ratio-5.05
Price to Book (P/B)2.41
Price to Sales (P/S)2.01
P/FCF Ratio22.28
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)70.56
Revenue Forecast (FY)₹23.41B
Dhanuka Agritech Limited Business Overview & Revenue Model
Company Description
Dhanuka Agritech Limited manufactures and sells a range of agro-chemicals in India. It offers herbicides, insecticides, fungicides, and plant growth regulators in various forms, such as liquid, dust, powder, and granules. The company also generate...
How the Company Makes Money
Dhanuka Agritech makes money primarily by selling branded agrochemical formulations used for crop protection and yield improvement. Its core revenue stream is domestic sales of crop protection products—mainly insecticides, herbicides, fungicides, ...
Dhanuka Agritech Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
92
Very Positive
Cash Flow
63
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 20.14B | 20.20B | 20.35B | 17.33B | 17.00B | 14.63B |
| Gross Profit | 7.49B | 5.59B | 8.16B | 6.59B | 5.85B | 5.23B |
| EBITDA | 4.23B | 4.03B | 4.17B | 3.62B | 3.23B | 2.97B |
| Net Income | 2.80B | 2.87B | 2.97B | 2.39B | 2.34B | 2.09B |
Balance Sheet | ||||||
| Total Assets | 20.29B | 21.02B | 18.00B | 15.79B | 14.05B | 13.12B |
| Cash, Cash Equivalents and Short-Term Investments | 1.35B | 2.97B | 1.24B | 723.49M | 992.53M | 1.98B |
| Total Debt | 318.38M | 306.39M | 742.33M | 269.79M | 335.17M | 318.07M |
| Total Liabilities | 4.86B | 4.20B | 3.97B | 3.23B | 3.44B | 3.52B |
| Stockholders Equity | 15.43B | 16.82B | 14.03B | 12.56B | 10.61B | 9.60B |
Cash Flow | ||||||
| Free Cash Flow | 255.12M | 1.82B | 686.61M | 451.24M | 120.50M | 444.51M |
| Operating Cash Flow | 398.19M | 2.09B | 2.63B | 1.34B | 1.36B | 1.04B |
| Investing Cash Flow | 191.17M | -1.35B | -1.43B | -808.93M | 25.65M | -426.01M |
| Financing Cash Flow | -554.26M | -560.78M | -1.20B | -565.42M | -1.37B | -608.00M |
Dhanuka Agritech Limited Technical Analysis
Positive
1114.30
Price Trends
1021.88
Positive
1067.57
Positive
1261.68
Negative
Market Momentum
26.18
Negative
64.67
Neutral
59.01
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:DHANUKA, the sentiment is Positive. The current price of 1114.3 is above the 20-day moving average (MA) of 1082.18, above the 50-day MA of 1021.88, and below the 200-day MA of 1261.68, indicating a neutral trend. The MACD of 26.18 indicates Negative momentum. The RSI at 64.67 is Neutral, neither overbought nor oversold. The STOCH value of 59.01 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:DHANUKA.
Dhanuka Agritech Limited Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹80.41B | 11.53 | ― | 1.02% | 21.94% | 123.70% | |
71 Outperform | ₹52.49B | 33.24 | ― | 0.17% | -0.75% | -2.74% | |
64 Neutral | ₹48.27B | -69.07 | ― | 0.92% | 8.79% | 46.91% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
61 Neutral | ₹23.13B | 23.16 | ― | 0.02% | 5.46% | -27.45% | |
56 Neutral | ₹19.16B | 21.94 | ― | 0.43% | 33.50% | 77.45% | |
49 Neutral | ₹7.58B | -10.64 | ― | 0.39% | ― | ― |
* Consumer Defensive Sector Average
IN:DHANUKA
Dhanuka Agritech Limited
1,151.55
-473.52
-29.14%
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IN:SHARDACROP
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Dhanuka Agritech Limited Corporate Events
Dhanuka Agritech Launches ₹70 Crore Share Buyback at ₹1,400 Per Share
May 21, 2026
Dhanuka Agritech Limited has announced a buyback offer for up to 500,000 fully paid-up equity shares with a face value of ₹2 each at a price of ₹1,400 per share, payable in cash. The buyback, to be executed on a proportionate basis thr...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.