MarketFriction

Dhanuka Agritech Ltd

NSE DHANUKA · BSE 507717 · Pesticides & Agrochemicals
₹935.05 +0.72%
NSE close2026-10-01
52 week range889.60 - 1,568.80
Market cap₹4,148 Cr.
P/E15.5
Price band 20% Delivery 56.0%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales618403368494654445442528598410483462
Expenses476341288422495370332445462351358407
Operating Profit14262807216076110831375912555
OPM %23%15%22%15%24%17%25%16%23%14%26%12%
Other Income6715711711868219
Interest111111211111
Depreciation101313121313171516161614
Profit before tax13756816615768102751265012849
Tax %26%19%28%26%25%19%26%26%25%20%24%25%
Net Profit10245594911855765694409836
EPS in Rs22.339.9512.9510.7326.0712.2116.7512.3120.858.8721.698.14
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales8298839631,0061,1201,3871,4781,7001,7592,0352,0201,953
Expenses6897137968609461,1181,2141,4211,4311,6191,6161,578
Operating Profit140170166146174269264279327417404375
OPM %17%19%17%15%16%19%18%16%19%20%20%19%
Other Income131816212534344535364344
Interest111123333543
Depreciation61514121615161841556463
Profit before tax145172167154181285277303319392379353
Tax %26%29%24%27%22%26%25%23%25%24%24%
Net Profit107122126113141211209234239297287268
EPS in Rs21.4524.8325.7123.6629.7345.2144.8251.2352.4665.8863.7259.55
Dividend Payout %30%2%21%3%40%4%31%4%27%3%3%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth9%8%6%-6%
Compounded Profit Growth11%6%10%-12%
Stock Price CAGR3%3%3%-39%
Return on Equity21%21%20%18%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital31010101010999999
Reserves4104705126246336987879511,0521,2471,3941,673
Borrowings16885228483234277431
Other Liabilities166169185185171217286320310296323390
Total Liabilities5946577158238359321,1311,3121,4051,5791,8002,102
Fixed Assets70133138131117117167159165338504467
CWIP380001484815328912
Investments479266182120159278336255240230371
Other Assets4384315105105976526797698339731,0571,252
Total Assets5946577158238359321,1311,3121,4051,5791,8002,102
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity1101406313813162231104136134263196
Cash from Investing Activity-70-6620-11163-44-127-433-81-143-118
Cash from Financing Activity-38-76-81-20-87-93-129-61-137-57-120-60
Net Cash Flow2-237-1025-2512-3018
Free Cash Flow8511344131915221946364674169
CFO/OP101%124%63%107%46%114%108%65%75%65%86%70%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days908276797979647073728280
Inventory Days161125222147137141137148123155132173
Days Payable524648605164507462564666
Cash Conversion Cycle199160250166165156151143133172168187
Working Capital Days113112138122145125103112107140121154
ROCE %33%31%34%29%23%26%36%30%27%27%28%24%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters70.19%70.19%70.19%70.19%70.29%70.29%70.32%69.88%69.72%69.72%69.72%69.81%
FIIs2.21%1.34%1.49%1.53%2.01%2.16%2.19%2.67%2.30%2.14%1.93%1.64%
DIIs18.22%18.41%18.90%19.29%19.03%18.73%18.06%17.63%18.08%18.78%19.43%18.71%
Public9.39%10.07%9.43%9.00%8.68%8.82%9.42%9.83%9.91%9.37%8.91%9.83%
No. of Shareholders33,68832,51233,81232,77740,46640,40741,01141,81340,91639,69838,44542,508

Fundamentals

Market Cap₹ 4,148 Cr.
Current Price₹ 931
Stock P/E15.5
Book Value₹ 373
ROCE23.8 %
ROE18.5 %
Dividend Yield0.21 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)-6%
Compounded Profit Growth (TTM)-12%
Standalone figures.
Valuation
Market capRs 4,215 Cr
Enterprise valueRs 4,226 Cr
P/E (TTM)15.73x
Price to book2.51x
Price to sales2.16x
EV / EBITDA10.08x
EV / EBIT11.88x
EV / sales2.16x
Price to cash flow21.48x
Earnings yield6.36%
Dividend yield0.21%
P/E, 3-year average17.77x
P/B, 3-year average3.43x
P/E, 5-year average16.25x
P/B, 5-year average3.28x
Profitability
Operating margin (excl. other income)19.98%
Operating margin (incl. other income)22.11%
EBITDA margin21.46%
Pre-tax margin18.05%
Net profit margin13.72%
Net margin, latest quarter7.86%
ROE18.62%
ROCE23.97%
ROA14.72%
ROE, 3-year average20.53%
ROCE, 3-year average26.61%
ROA, 3-year average16.11%
ROE, 5-year average21.69%
ROCE, 5-year average27.95%
ROA, 5-year average16.52%
ROIC (approx.)15.95%
Tax rate24.13%
Other income / net worth2.55%
Growth
Sales growth (latest year)-0.75%
Profit growth (latest year)-3.28%
Sales CAGR, 3 years5.91%
Sales CAGR, 5 years7.80%
Profit CAGR, 3 years7.15%
Profit CAGR, 5 years6.41%
Sales growth QoQ-4.43%
Profit growth QoQ-62.87%
Sales growth YoY (latest quarter)-12.56%
Profit growth YoY (latest quarter)-34.59%
Per share
EPS (TTM)Rs 59.46
EPS (latest year)Rs 63.72
EPS (latest quarter)Rs 8.05
EPS, 3-year averageRs 60.68
EPS, 5-year averageRs 55.62
Book value per shareRs 373.10
Sales per shareRs 433.34
Cash flow per shareRs 43.52
Free cash flow per shareRs 37.49
Dividend per share (latest year)Rs 2.00
Dividend per share, 3-year averageRs 6.00
Dividend per share, 5-year averageRs 6.80
Dividends
Dividend payout3.14%
Dividend payout, 3-year average10.96%
Dividend payout, 5-year average13.61%
Efficiency
Asset turnover0.96x
Fixed asset turnover4.33x
Inventory turnover2.38x
Inventory days154 days
Debtor days80 days
Debtors turnover4.58x
Creditor days66 days
Cash conversion cycle187 days
Working capital days154 days
Leverage
Total debtRs 31 Cr
Cash and bankRs 20 Cr
Net debtRs 11 Cr
Debt to equity0.02x
Net debt / EBITDA0.03x
Interest coverage110.50x
Current ratio (filing 2026-03-31)4.09x
Quick ratio (filing 2026-03-31)2.70x
Trade payables (filing 2026-03-31)Rs 196 Cr
Owners' fund to total sources80.01%
Debt to assets1.46%
Cash flow
Cash from Operating Activity (latest year)Rs 196 Cr
Cash from Investing Activity (latest year)Rs -118 Cr
Cash from Financing Activity (latest year)Rs -60 Cr
Net Cash Flow (latest year)Rs 18 Cr
Free cash flow (latest year)Rs 169 Cr
FCFE (approx.: FCF + change in debt)Rs 125 Cr
Cash from ops / profit, 5 years0.66x
Sales to cash flow10.29x
Statement figures
Net sales (TTM)Rs 1,953 Cr
Net sales (latest year)Rs 2,020 Cr
Sales (latest quarter)Rs 462 Cr
Operating profit excl. other income (latest year)Rs 404 Cr
Operating profit (latest quarter)Rs 55 Cr
Other income (TTM)Rs 44 Cr
EBITDA (TTM)Rs 419 Cr
PBDT (TTM)Rs 416 Cr
Profit before tax (TTM)Rs 353 Cr
Tax (latest year)Rs 91 Cr
Net profit (TTM)Rs 268 Cr
Net profit (latest year)Rs 287 Cr
Net profit (latest quarter)Rs 36 Cr
Depreciation (TTM)Rs 63 Cr
Depreciation (latest quarter)Rs 14 Cr
Interest (TTM)Rs 3 Cr
Cost of goods sold (latest year)Rs 1,229 Cr
Total expenditure (latest year)Rs 1,616 Cr
Total income (latest year)Rs 2,063 Cr
Share capitalRs 9 Cr
ReservesRs 1,673 Cr
Shareholders' fundsRs 1,682 Cr
Total assetsRs 2,102 Cr
Net blockRs 467 Cr
Capital work in progressRs 12 Cr
InvestmentsRs 371 Cr
ReceivablesRs 441 Cr
InventoryRs 517 Cr
Other liabilitiesRs 390 Cr
Shares outstanding (crore)4.51
Ownership
Promoter holding69.81% (-0.07 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 15.7 is at the 33th percentile of its own 9.4-year range (median 18.8, low 11.9, high 34.4).
P/B 2.51 is at the 5th percentile (median 4.06).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodDHANUKANifty 50Difference
1 week-3.4%-2.8% -0.6 pts
1 month-5.6%-6.8% +1.2 pts
3 months-14.4%-7.6% -6.8 pts
6 months+4.1%+0.4% +3.7 pts
1 year-38.2%-9.9% -28.3 pts
2 years-37.4%-13.6% -23.8 pts
3 years+11.1%+14.2% -3.1 pts
5 years+15.0%+27.9% -12.9 pts
17 mutual fund schemes hold about ₹721 Cr. Over three months 11 bought more and 1 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
DSP Small Cap Fund1.10%239 -2%
DSP Midcap Fund0.75%158 +4%
Kotak Small Cap Fund0.66%130 +3%
HDFC Mid Cap Fund0.09%100 +1%
Bandhan Small Cap Fund0.08%27 +91%
ICICI Pru Rural Opportunities Fund1.28%26 +10%
Bandhan Multi Cap Fund0.31%10 +6%
ICICI Pru ESG Exclusionary Strategy Fund0.66%9 +9%
Bandhan Multi Asset Allocation Fund0.22%8 +14%
Navi Flexi Cap Fund(Q1.59%5 +46%
Bandhan Aggressive Hybrid Fund0.12%3 +100%
JM Value Fund0.23%2 +23%
Navi Aggressive Hybrid Fund1.31%2 +68%
ICICI Pru Conservative Hybrid Fund0.04%1 +9%
Bandhan Retirement Fund0.37%1 +9%
Aditya Birla SL Dividend Yield Fund0.00%0 -100%
Motilal Oswal BSE 1000 Index Fund0.01%0 +0%

Red flags

F-score 4 of 8
lookInventory outrunning sales Inventory grew 30% vs sales -1% in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹462 Cr -12.5% vs Jun 2025. Net profit ₹36 Cr -35.7%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-07-17Dividend - Rs 2 Per Share
2026-05-29Buy Back
2025-07-18Dividend - Rs 2 Per Share
2024-08-16Buy Back
2024-07-19Dividend - Rs 6 Per Share
2024-02-14Interim Dividend - Rs 8 Per Share
2023-07-21Annual General Meeting/Dividend - Rs 2 Per Share
2022-11-17Buy Back
2022-07-21Annual General Meeting/Dividend - Rs 6 Per Share
2022-02-10Interim Dividend - Rs 8 Per Share
2021-07-15 Annual General Meeting/Dividend - Rs 2 Per Share
2020-09-25 Buyback
2020-09-03 Annual General Meeting
2020-02-25 Interim Dividend - Rs 12 Per Share
2019-07-30 Annual General Meeting/Dividend - Rs 0.60 Per Share
2019-01-01 Buy Back
2018-07-30 Annual General Meeting / Dividend- Rs 3.50 Per Share
2018-02-23 Interim Dividend - Rs 2 Per Share
2017-08-07 Annual General Meeting/Dividend - Re 0.60 Per Share
2017-01-12 Buy Back
2016-08-08 Annual General Meeting
2016-03-28 Interim Dividend - Rs 4/- Per Share
2016-02-18 Interim Dividend Rs 2.50 Per Share
2015-12-22 Annual General Meeting/Dividend Rs 4.50 Per Share
2014-09-11Annual General Meeting / Final Dividend - Rs 2/- Per Share
2014-02-17Interim Dividend Rs 2/- Per Share
2013-08-06Annual General Meeting And Dividend Rs.1.30 Per Share (Bc End Date Revised)
2013-02-15Interim Dividend Rs 1.50 Per Share (Purpose Revised)
2012-08-06Annual General Meeting/Dividend Rs 2.20 Per Share
2011-07-21Annual General Meeting And Dividend Rs.2/- Per Share
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-07-22NCLTDhanuka Agritech Ltd. Vs M/s Prayag Polytech Pvt. Ltd.
2021-04-01NCLTDhanuka Agritech Ltd. Vs M/s Prayag Polytech Pvt. Ltd.
2020-03-18NCLTDhanuka Agritech Ltd. Vs M/s Prayag Polytech Pvt. Ltd.
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Dhanuka Agritech Ltd?

Dhanuka Agritech Ltd (DHANUKA) has a market capitalisation of Rs 4,148 Cr. at the 2026-10-01 close.

What is the P/E ratio of Dhanuka Agritech Ltd?

Dhanuka Agritech Ltd trades at a P/E of 15.5 on trailing twelve-month profit, at the 2026-10-01 close.

What were Dhanuka Agritech Ltd's latest quarterly results?

In the Jun 2026 quarter, Dhanuka Agritech Ltd sales was Rs 462 Cr (-12.5% vs Jun 2025) and net profit was Rs 36 Cr.

What is the 52-week high and low of Dhanuka Agritech Ltd?

The 52-week high is Rs 1,568.80 and the 52-week low is Rs 889.60.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03