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DHANUKA · Dhanuka Agritech Ltd · Chemical Manufacturing

DHANUKA · Dhanuka Agritech Ltd · Chemical Manufacturing

₹909.6-2.1%

As of 06 Nov close

52-week range

52wk low ₹82052wk high ₹1,470

38.1% below 52-week high

52-week range: as of 06 Nov 2026 close.

Price chartDaily closes on the stock page.

Stock Condition:Pro

Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.

Full signal detail →

Fundamentals as of 15 Sep 2026 · the company's own latest record is 53 days old

FII holding falling for 2+ quartersPromoter holding rose this quarter

Revenue (latest Q)

₹462 Cr

Revenue YoY

PAT YoY

-34.6%

Operating margin

Revenue, last 8 quarters

P/E (TTM)

P/B

2.8

P/S (TTM)

2.2

Sector P/E

20.6

Dividend yield

+0.2%

CompanyP/EP/BNet marginROED/EDiv. yield
DHANUKA (this stock)17.72.8+13.7%+15.9%0.02+0.2%
Asian Paints5311.1+12.8%+22.3%0.18+1.1%
Solar Industries India99.626.6+17.6%+31.4%13.68+0.1%
Pidilite Industries61.319.4+17.2%+24.4%0.04+0.7%

Promoter

rising 1q

FII

falling 3q

MF

16.15% (-0.23pp)

falling 1q

Insider trades

No insider trades in the last 12 months.

Bulk/block deals

No bulk/block deals in the last 12 months.

News timeline

Concalls & investor presentations

AI-generated
Investor presentationMixed30 Oct 2026
View source filing →

Key takeaway: The investor presentation for Dhanuka Agritech Limited's Q2 FY2026-27 results highlights a 9.91% year-over-year revenue growth to Rs. 657.51 crores, with EBITDA rising to Rs. 152.97 crores (11.88% YoY growth) and PAT reaching Rs. 109.22 crores (16.23% YoY growth). The company reported a diversified revenue mix across regions and segments, with North and Insecticides contributing the largest shares. Management noted challenges from weak monsoon rains and high raw material costs, which impacted industry-wide volumes and margins. However, the company's Dahej plant is expected to reach 70.75% capacity utilization by year-end and will begin manufacturing Bayer AG-acquired products. The presentation included forward-looking guidance of lower single-digit revenue growth and an approximate 125 basis point decline in EBITDA for FY2026-27. Strategic initiatives include expanding the product pipeline, enhancing R&D, and global partnerships, including the acquisition of Bayer AG's fungicide brands to support global expansion.

The presentation acknowledges industry challenges while highlighting operational resilience and strategic growth initiatives.

Sourced from an exchange-filed presentation, dated 30 Oct 2026. Summary is RedixFi-generated and distinct from investment advice.

Concall transcriptMixed07 Aug 2026
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Key takeaway: Dhanuka Agritech Limited held a conference call on August 3, 2026, to discuss its unaudited financial results for the quarter ended June 30, 2026. Management reported a revenue decline of approximately 12.56%, with revenue from operations at Rs. 461.93 crores compared to Rs. 528.29 crores in the same quarter of the previous year. EBITDA was reported at Rs. 55.01 crores, and profit after tax was Rs. 36.30 crores. The company faced challenges due to delayed monsoon onset, which impacted sowing activities and reduced product demand. Management noted a 40% shortfall in rainfall in June, which improved to 15% by July. Despite these challenges, management expressed optimism about long-term growth drivers in the agrochemical industry. The company announced plans for a new manufacturing plant in Nagpur with an estimated outlay of Rs. 200 crores and the launch of five new products in the coming months. A final dividend of 100% was also considered at the annual general meeting.

Management highlighted both challenges and future growth opportunities.

Sourced from an exchange-filed transcript, dated 07 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.

Investor presentationNegative03 Aug 2026
View source filing →

Key takeaway: Dhanuka Agritech Limited reported its un-audited financial results for the quarter ended June 30, 2026, indicating a decline in revenue from operations to ₹461.93 crores, down from ₹528.29 crores in the same quarter of the previous year. EBITDA also decreased to ₹55.01 crores from ₹83.19 crores, while profit after tax (PAT) fell to ₹36.30 crores compared to ₹55.50 crores in Q1 FY2025-26. The company noted that the agrochemical industry faced challenges due to delayed monsoon onset, impacting product demand. Management announced plans to launch five new products and has acquired land in Nagpur for a new manufacturing plant, with an estimated outlay of up to ₹200 crores. Additionally, a final dividend of 100% was considered, and an Employee Stock Option Plan was approved to enhance organizational alignment and growth.

The document highlighted significant declines in revenue and profitability amid industry challenges.

Sourced from an exchange-filed presentation, dated 03 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.

Concall transcriptPositive22 May 2026
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Key takeaway: Dhanuka Agritech Limited held a conference call on May 19, 2026, to discuss its audited financial results for the quarter and year ended March 31, 2026. Management reported a revenue increase of approximately 9% year-over-year, reaching Rs. 483.34 crores for Q4 FY '25-'26. EBITDA also improved to Rs. 124.89 crores, and profit after tax rose to Rs. 97.77 crores. The company faced challenges from erratic weather patterns and geopolitical tensions affecting the agrochemical industry. Despite these headwinds, management expressed confidence in the medium-to-long-term growth opportunities in Indian agriculture. The Board proposed a 100% dividend and approved a buyback of equity shares, reflecting confidence in the company's cash flow and growth prospects. Management emphasized a commitment to innovation and farmer engagement, alongside plans for an Employee Stock Option Plan to enhance organizational alignment.

Management highlighted strong financial performance and future growth initiatives.

Sourced from an exchange-filed transcript, dated 22 May 2026. Summary is RedixFi-generated and distinct from investment advice.

Investor presentationMixed19 May 2026
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Key takeaway: Dhanuka Agritech Limited's investor presentation reported on the audited financial results for the quarter and financial year ended March 31, 2026. The presentation highlighted that revenue from operations increased to Rs. 483.34 crores in Q4 FY2025-26 from Rs. 442.02 crores in the same quarter of the previous year. EBITDA also rose to Rs. 124.89 crores, compared to Rs. 109.75 crores in Q4 FY2024-25, while profit after tax (PAT) grew to Rs. 97.77 crores from Rs. 75.5 crores year-over-year. The Board of Directors proposed a dividend of Rs. 2 per equity share and approved a buyback of up to 5 lakh equity shares. Management noted that the agrochemical industry faced challenges due to erratic weather and global volatility, but expressed a constructive view on medium- to long-term growth opportunities in Indian agriculture.

The presentation conveyed both positive financial results and challenges in the operating environment.

Sourced from an exchange-filed presentation, dated 19 May 2026. Summary is RedixFi-generated and distinct from investment advice.

Concall transcriptMixed12 Feb 2026
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Key takeaway: Dhanuka Agritech Limited held a conference call on February 5, 2026, to discuss its un-audited financial results for the quarter and nine months ended December 31, 2025. Management reported a decline in revenue from operations to Rs. 409.92 crores in Q3 FY'26 from Rs. 445.27 crores in Q3 FY'25, with EBITDA at Rs. 58.66 crores compared to Rs. 75.56 crores in the previous year. The company faced weak agrochemical demand due to weather issues and low crop prices, particularly in South and West India. Management highlighted the commercialization of a second product from the Dahej plant and expressed confidence in achieving EBITDA positivity by FY'27. They also discussed ongoing international collaborations and the impact of regulatory changes on biological products. Management emphasized their commitment to innovation and rural market penetration, aiming for a double-digit CAGR in the long term.

Management reported both challenges and positive developments in the business.

Sourced from an exchange-filed transcript, dated 12 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.

Investor presentationNegative05 Feb 2026
View source filing →

Key takeaway: Dhanuka Agritech Limited's investor presentation reported on its un-audited financial results for the quarter and nine months ended December 31, 2025. The presentation highlighted a decline in revenue from operations to Rs. 409.92 Crores in Q3 FY2025-26 from Rs. 445.27 Crores in the same quarter of the previous year. EBITDA also decreased to Rs. 58.66 Crores from Rs. 75.56 Crores year-on-year, while profit after tax fell to Rs. 40.00 Crores from Rs. 55.04 Crores. Management noted that weak agrochemical demand was influenced by weather issues and low crop prices, particularly affecting sales in South and West India. The company emphasized its commitment to innovation, with plans to enhance its product portfolio and expand market penetration. Additionally, Dhanuka reported the commercialization of a second product from its Dahej plant and aims for improved capacity utilization in the future.

The presentation indicated challenges in revenue and profit performance due to adverse market conditions.

Sourced from an exchange-filed presentation, dated 05 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.

AI Summary of Annual Report

AI-generated
FY2023-24285 pages

Dhanuka Agritech Limited reported a strong financial performance in FY2023-24, with no material weaknesses in internal controls and unqualified audit opinions. The company's revenue and profit metrics were positively impacted by effective marketing strategies, including collaborations with farmer-centric apps and a significant growth in YouTube subscribers. India's robust economic growth, estimated at 8.2% for FY2024, supported the company's operations. No significant regulatory actions, defaults, or liquidity issues were noted, and the company maintained compliance with all statutory requirements. The Board recommended a final dividend of 300% for FY2023-24, subject to shareholder approval.

  • No material weaknesses in internal controls and unqualified audit report from S.S. Kothari Mehta & Co. LLP.
  • India's GDP growth of 8.2% in FY2024 supported business operations.
  • Collaborations with farmer-centric apps and YouTube growth enhanced market presence.
  • No defaults, regulatory actions, or liquidity issues reported.
  • Board recommended a final dividend of 300% for FY2023-24.

Key takeaway: Dhanuka Agritech Limited demonstrated strong financial health and operational efficiency in FY2023-24, with no significant risks or compliance issues, supported by a robust economic environment and effective marketing strategies.

The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.

Filed with NSE · 10 Jul 2024View source filing →

Governance disclosures

AI-generated

Needs attention

Default / Covenant Breach (1 item)

Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.

Default / Covenant Breach

1 occurrence

Recent (last 12 months)

Annual Report03 Jul 2026 (FY2025-26)
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The company has breached a covenant under a loan agreement, leading to the loan becoming payable on demand, as per the amended Ind AS 1 standard effective from 1 April 2026.

Routine disclosures

Contingent Liability

3 occurrences

Recent (last 12 months)

Annual Report03 Jul 2026 (FY2025-26)· 2 passages
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The company has contingent liabilities including unacknowledged claims for Income Tax, Excise Duty (net of Rs.23.80 Lacs and previous year Rs.70.70 Lacs), and Service Tax (net of Rs.65.20 Lacs) as of March 31, 2026.

Earlier (1-3 years ago)

Annual Report17 Sept 2025 (FY2024-25)· 4 passages
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The company has contingent liabilities including pending litigation, tax claims, and interpretative issues related to the Supreme Court's 2019 PF judgment, with amounts netted against expenses.

Annual Report10 Jul 2024 (FY2023-24)· 4 passages
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The company has contingent liabilities including claims against it not acknowledged as debt (income tax, excise duty, service tax, sales tax, GST, litigation in consumer forum, others) and guarantees (bank guarantees), with amounts netted against expenses recognized.

Related-Party Transaction

2 occurrences

Earlier (1-3 years ago)

Annual Report17 Sept 2025 (FY2024-25)
View source filing →

The company has transactions with related parties, as referenced in note-40.

Annual Report10 Jul 2024 (FY2023-24)· 3 passages
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The company has transactions with related parties, as noted in note 40 of the financial statements.

Statutory dues in dispute

2 occurrences

Earlier (1-3 years ago)

Annual Report17 Sept 2025 (FY2024-25)Disputed tax/statutory dues under appeal, not a loan default
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The company has pending disputes related to statutory dues, including Excise Duty, Service Tax, VAT, and GST, with amounts demanded ranging from ₹1.37 Lakhs to unspecified amounts, and disputes pending before various authorities like CESTAT, ITAT, and High Courts.

Annual Report10 Jul 2024 (FY2023-24)Disputed tax/statutory dues under appeal, not a loan default
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The company has pending disputes over statutory dues under various acts, including Excise Duty, Service Tax, VAT, and GST, with amounts demanded in lakhs and disputes pending before authorities like CESTAT and ITAT.

Promoter Share Pledge

1 occurrence

Recent (last 12 months)

Structured Filing Data (NSE Pledge Disclosure)18 Jul 2026

0.57% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18).

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