Dhanuka Agritech
Dhanuka Agritech (DHANUKA) share price was ₹887.70 at the 28 Oct 2026 close; market capitalisation ₹3,957 Cr; P/E (TTM) 14.91; sector Chemicals. The share price fell 37.9% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Jun 2026 quarter, revenue fell 12.6% year on year to ₹461.9 Cr and net profit fell 34.6% year on year to ₹36.3 Cr (compared with Jun 2025). Promoters held 69.81% of Dhanuka Agritech in Sep 2026, unchanged from Jun 2026. Its Tapetide Score is 54/100 (Average) as of 28 Oct 2026.
Key Fundamentals
MicrocapFertilizers & AgrochemicalsChemicalsPrice-based figures as of 28 Oct 2026, 15:31 IST · EPS basis: Standalone · TTM
Peer Comparison
Commodities › Chemicals › Pesticides & Agrochemicals
| ₹536.40 | 22.40 | 45,281 Cr | 1.30 | 1.16% | 5.38% | 10.85% | 53,683 Cr | 2,323 Cr | |
| ₹2,055.00 | 26.76 | 31,178 Cr | 2.78 | 0.72% | 11.76% | 14.68% | 6,914 Cr | 1,164 Cr | |
| ₹335.45 | 28.87 | 16,744 Cr | 4.53 | 0.38% | 16.00% | 20.98% | 3,409 Cr | 581 Cr | |
| ₹3,282.10 | 20.15 | 14,750 Cr | 4.97 | 4.59% | 23.24% | 27.93% | 5,761 Cr | 733 Cr | |
| ₹683.20 | 9.84 | 6,164 Cr | 1.97 | 2.31% | 21.71% | 25.26% | 5,464 Cr | 626 Cr | |
| Dhanuka Agritech (this company) | ₹887.70 | 14.91 | 3,957 Cr | 2.35 | 0.23% | 21.17% | 27.37% | 2,071 Cr | 268 Cr |
| ₹188.72 | 17.14 | 3,670 Cr | 1.67 | 1.58% | 9.68% | 12.75% | 2,631 Cr | 214 Cr | |
| Median 7 companies | ₹683.20 | 20.15 | 14,750 Cr | 2.35 | 1.16% | 16.00% | 20.98% | 5,464 Cr | 626 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Tapetide Score
Data-driven rating, 0–100. How it works →
v2.0.0
Category scores
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
2- Company has reduced debt.
- Company is almost debt free.
Weaknesses
1- The company has delivered a poor sales growth of 7.80% over past five years.
Technical Indicators
Oscillators
Bullish
Overall
Neutral
Moving Averages
Bearish
7 of 10 analysts rate Buy, 3 Hold, 0 Sell.
Updated 28 Oct 2026
Growth Rate
change over 1 year
change over 1 year
change over 1 year
change over 1 year Operating margin 12% · Jun 2026
AI Analysis — Bull vs Bear
Dhanuka Agritech is a nearly debt-free agrochemical company trading at a PE of 16x with a market cap of ₹4,664 Cr. The company has maintained a consistent ROE of ~20% over 5 years but faces headwinds with negative TTM sales growth of -1% and a sharp 46% stock price decline over the past year.
- Company is virtually debt-free, providing significant financial flexibility and low interest burden
- Consistent return on equity averaging 21% over 5 years and 20% over 3 years, indicating efficient capital allocation
- PE ratio of 16x is reasonable for a specialty chemicals company with 20%+ ROE, suggesting valuation is not stretched
- Compounded profit growth of 11% over 10 years demonstrates long-term earnings consistency
- 10-year compounded sales CAGR of 9% shows the company has grown revenue through multiple agricultural cycles
- Price-to-book ratio of 2.73x is modest relative to 18-21% ROE range, implying reasonable value for return generated
- Company has actively reduced debt over time, strengthening its balance sheet for potential future expansion
- 3-year compounded profit growth of 10% outpaces 3-year sales growth of 6%, indicating margin improvement over the medium term
- Stock price has declined 46% over the past 1 year, reflecting significant negative market sentiment
- TTM sales growth is negative at -1%, indicating current revenue contraction
- TTM profit growth is negative at -2%, showing earnings are currently declining
- 5-year sales CAGR of only 8% and recent deceleration to -1% TTM suggests structural growth challenges in the agrochemical segment
- ROE has declined from 21% (5-year average) to 18% in the last year, signaling deteriorating capital efficiency
- Dividend yield of only 0.19% provides minimal income support for investors during periods of capital loss
- 5-year stock CAGR of just 2% has significantly underperformed broader market indices over the same period
- 5-year compounded profit growth of only 6% lags the 10-year average of 11%, indicating a slowdown in earnings momentum
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- Q1 earnings call scheduled Jul 28
Dhanuka Agritech will host an analyst/investor conference call on Aug 3, 2026 at 3:30 PM IST to discuss Q1 FY27 results, hosted by Antique Stock Broking.
TL;DR: Limited recent news flow for Dhanuka Agritech with only a routine earnings call announcement. No material headwinds or positive catalysts identified in the current news cycle. Investors should watch the Aug 3 Q1 FY27 results call for updates on revenue growth, margin trajectory, and kharif season performance.
Analyst Forecasts
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 369 | 618 | 403 | 368 | 494 | 654 | 445 | 442 | 528 | 598 | 410 | 483 | 462 |
| Expenses | 325 | 476 | 341 | 288 | 422 | 495 | 370 | 332 | 445 | 462 | 351 | 358 | 407 |
| Operating Profit | 44 | 142 | 62 | 80 | 72 | 160 | 76 | 110 | 83 | 137 | 59 | 125 | 55 |
| OPM % | 12% | 23% | 15% | 22% | 15% | 24% | 17% | 25% | 16% | 23% | 14% | 26% | 12% |
| Other Income | 7 | 6 | 7 | 15 | 7 | 11 | 7 | 11 | 8 | 6 | 8 | 21 | 9 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 5 | 10 | 13 | 13 | 12 | 13 | 13 | 17 | 15 | 16 | 16 | 16 | 14 |
| PBT | 45 | 137 | 56 | 81 | 66 | 157 | 68 | 102 | 75 | 126 | 50 | 128 | 49 |
| Tax % | 26% | 26% | 19% | 28% | 26% | 25% | 19% | 26% | 26% | 25% | 20% | 24% | 25% |
| Net Profit | 33 | 102 | 45 | 59 | 49 | 118 | 55 | 76 | 56 | 94 | 40 | 98 | 36 |
| EPS (₹) | 7.23 | 22.33 | 9.95 | 12.95 | 10.73 | 26.07 | 12.21 | 16.75 | 12.31 | 20.85 | 8.87 | 21.69 | 8.14 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 785 | 829 | 883 | 963 | 1,006 | 1,120 | 1,387 | 1,478 | 1,700 | 1,759 | 2,035 | 2,020 | 1,953 |
| Expenses | 653 | 689 | 713 | 796 | 860 | 946 | 1,118 | 1,214 | 1,421 | 1,431 | 1,619 | 1,616 | 1,578 |
| Operating Profit | 132 | 140 | 170 | 166 | 146 | 174 | 269 | 264 | 279 | 327 | 417 | 404 | 375 |
| OPM % | 17% | 17% | 19% | 17% | 15% | 16% | 19% | 18% | 16% | 19% | 20% | 20% | 19% |
| Other Income | 6 | 13 | 18 | 16 | 21 | 25 | 34 | 34 | 45 | 35 | 36 | 43 | 44 |
| Interest | 3 | 1 | 1 | 1 | 1 | 2 | 3 | 3 | 3 | 3 | 5 | 4 | 3 |
| Depreciation | 6 | 6 | 15 | 14 | 12 | 16 | 15 | 16 | 18 | 41 | 55 | 64 | 63 |
| PBT | 129 | 145 | 172 | 167 | 154 | 181 | 285 | 277 | 303 | 319 | 392 | 379 | 353 |
| Tax % | 18% | 26% | 29% | 24% | 27% | 22% | 26% | 25% | 23% | 25% | 24% | 24% | — |
| Net Profit | 106 | 107 | 122 | 126 | 113 | 141 | 211 | 209 | 234 | 239 | 297 | 287 | 268 |
| EPS (₹) | 21.21 | 21.45 | 24.83 | 25.71 | 23.66 | 29.73 | 45.21 | 44.82 | 51.23 | 52.46 | 65.88 | 63.72 | 59.55 |
| Div. Payout % | 6% | 30% | 2% | 21% | 3% | 40% | 4% | 31% | 4% | 27% | 3% | 3% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3 | 10 | 10 | 10 | 10 | 10 | 9 | 9 | 9 | 9 | 9 | 9 |
| Reserves | 410 | 470 | 512 | 624 | 633 | 698 | 787 | 951 | 1,052 | 1,247 | 1,394 | 1,673 |
| Borrowings | 16 | 8 | 8 | 5 | 22 | 8 | 48 | 32 | 34 | 27 | 74 | 31 |
| Other Liabilities | 166 | 169 | 185 | 185 | 171 | 217 | 286 | 320 | 310 | 296 | 323 | 390 |
| Total Liabilities | 594 | 657 | 715 | 823 | 835 | 932 | 1,131 | 1,312 | 1,405 | 1,579 | 1,800 | 2,102 |
| Fixed Assets | 70 | 133 | 138 | 131 | 117 | 117 | 167 | 159 | 165 | 338 | 504 | 467 |
| CWIP | 38 | 0 | 0 | 0 | 1 | 4 | 8 | 48 | 153 | 28 | 9 | 12 |
| Investments | 47 | 92 | 66 | 182 | 120 | 159 | 278 | 336 | 255 | 240 | 230 | 371 |
| Other Assets | 438 | 431 | 510 | 510 | 597 | 652 | 679 | 769 | 833 | 973 | 1,057 | 1,252 |
| Total Assets | 594 | 657 | 715 | 823 | 835 | 932 | 1,131 | 1,312 | 1,405 | 1,579 | 1,800 | 2,102 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 110 | 140 | 63 | 138 | 13 | 162 | 231 | 104 | 136 | 134 | 263 | 196 |
| Investing | -70 | -66 | 20 | -111 | 63 | -44 | -127 | -43 | 3 | -81 | -143 | -118 |
| Financing | -38 | -76 | -81 | -20 | -87 | -93 | -129 | -61 | -137 | -57 | -120 | -60 |
| Net Cash Flow | 2 | -2 | 3 | 7 | -10 | 25 | -25 | 1 | 2 | -3 | 0 | 18 |
| Free Cash Flow | 85 | 113 | 44 | 131 | 9 | 152 | 219 | 46 | 36 | 46 | 74 | 169 |
| CFO/OP | 101 | 124 | 63 | 107 | 46 | 114 | 108 | 65 | 75 | 65 | 86 | 70 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 90 | 82 | 76 | 79 | 79 | 79 | 64 | 70 | 73 | 72 | 82 | 80 |
| Inventory Days | 161 | 125 | 222 | 147 | 137 | 141 | 137 | 148 | 123 | 155 | 132 | 173 |
| Days Payable | 52 | 46 | 48 | 60 | 51 | 64 | 50 | 74 | 62 | 56 | 46 | 66 |
| Cash Conversion Cycle | 199 | 160 | 250 | 166 | 165 | 156 | 151 | 143 | 133 | 172 | 168 | 187 |
| Working Capital Days | 113 | 112 | 138 | 122 | 145 | 125 | 103 | 112 | 107 | 140 | 121 | 154 |
| ROCE % | 33% | 31% | 34% | 29% | 23% | 26% | 36% | 30% | 27% | 27% | 28% | 24% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Dhanuka Agritech insights
70 extracted metrics + investor summaries across FY11–FY27.
Documents
Frequently Asked Questions about Dhanuka Agritech
What does Dhanuka Agritech Ltd do?
Where is Dhanuka Agritech Ltd (DHANUKA) listed?
Which sector does Dhanuka Agritech Ltd belong to?
What is the market capitalisation of Dhanuka Agritech Ltd?
What is the PE ratio of Dhanuka Agritech Ltd?
What is the 52-week high and low of Dhanuka Agritech Ltd?
Does Dhanuka Agritech Ltd pay dividends?
What is the Return on Equity (ROE) of Dhanuka Agritech Ltd?
Company Information
Dhanuka Agritech manufactures a wide range of agro-chemicals like herbicides, insecticides, fungicides, plant growth regulators in various forms liquid, dust, powder and granules.(Source : 202003 Annual Report Page No:93)
For AI agents and developers
Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/DHANUKA.md for Dhanuka Agritech Ltd: company profile, latest price, key fundamentals, the Tapetide Score, growth rates, quarterly and annual financial statements, shareholding pattern, technical indicators, analyst ratings and exchange filings.
Append .md to any Tapetide URL for the
same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For
live, structured queries instead of documents, use our Indian stock market MCP server.