DHANUKACommodities

Dhanuka Agritech Limited

Pesticides & Agrochemicals · ISIN INE435G01025 · BSE 507717 · NSE EQ · FV ₹2
Last price
₹982
+2.12%today
What this company does

Dhanuka Agritech Limited operates in Pesticides & Agrochemicals, part of the Commodities sector. It booked ₹442 cr of revenue in its latest quarter (Q4 FY25) and kept 17.1% of sales as profit. It is the 5th largest of 9 Pesticides & Agrochemicals companies we track, by market value.

In the report:
78out of 100
Equitytale Health Score
Solid

Healthier than 78% of companies in Commodities, on all six measures of filed financials. Each measure is ranked against the 43–173 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
47

At close. Not part of the score.

Profitability & returns84

How much profit it earns on the money it employs

Balance sheet84

How much it owes, and whether earnings cover the interest

Cash quality66

Whether reported profit actually arrives as cash

Growth & consistency83

Whether sales and profit have grown, and how steadily

Valuation55

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Strong 17% net margin
Sales up 20% vs last year
Profit up 28% vs last year
Promoters hold 70%
No promoter shares pledged
Strong 22% return on equity
Virtually debt-free
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in DHANUKA?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹982 +2.12%
latest close · 2026-09-17
1-year return
+14.9%
52-wk low ₹66352-wk high ₹1,054
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio14.7Low
LowAverageHigh
P/B ratio3.16High
Below bookModerateHigh
EV / EBITDA9.2Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity21.5%Strong
WeakFairStrong ▸15%
Return on capital28.5%Strong
WeakFairStrong
Net margin17.1%Strong
ThinDecentStrong
EBITDA margin27.4%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.03Comfortable
LowModerateHigh ▸1
Interest cover57.7×Strong
RiskyOkayStrong ▸5×
Current ratio3.29Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹4,428 cr
Book value
₹311
EPS
₹16.74
latest quarter
Net debt
₹42 cr
owes more than its cash
Enterprise value
₹4,469 cr
EBITDA
₹484 cr
annualised
EBIT
₹414 cr
annualised
Operating margin
23.4%
Return on assets
16.8%
Earnings yield
6.82%
P/S
2.50
Sales / share
₹392.2
Tax rate
25.7%
Face value
₹2
Shares
4.5 cr
Working capital
₹800 cr
Current assets
₹1,149 cr
Current liabilities
₹349 cr
Delivery %
56.7%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2026 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 2 models ₹731 vs market price ₹982 — price is 34% above it
Safety cushion-34.3%(target ≥ +20%)
Models span ₹521₹942, midpoint ₹731
Model ₹731
Price ₹982
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q4 FY25 (consolidated)
Revenue from Operations₹442 cr
Other Income₹11 cr
Total Income₹453 cr
Cost of Materials₹232 cr
Purchases of Stock-in-Trade₹8 cr
Inventory Change (±)₹11 cr
Employee Benefit Expense₹40 cr
Finance Costs₹2 cr
Depreciation & Amortisation₹17 cr
Other Expenses₹41 cr
Total Expenses₹352 cr
Profit before Tax₹102 cr
Tax Expense₹26 cr
Net Profit₹76 cr
Net margin on total income16.7%
Where the money goes · Q4 FY25
% of total income
Materials + stock-in-trade₹251 cr55.4%
Employee benefit expense₹40 cr8.9%
Finance costs₹2 cr0.4%
Depreciation & amortisation₹17 cr3.9%
Other expenses₹41 cr9.1%
Tax expense₹26 cr5.8%
Profit for the period₹76 cr16.7%
Total income ₹453 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ2 FY25Q3 FY25Q4 FY25
Revenue654 cr445 cr442 cr
Total income665 cr452 cr453 cr
Expenses508 cr384 cr352 cr
Profit before tax157 cr68 cr102 cr
Tax39 cr13 cr26 cr
Net profit (owners' share)118 cr55 cr76 cr
Net margin (owners' share, on revenue)18.0%12.4%17.1%
EPS (₹)25.8312.2516.74
YoY (latest quarter): total income +18.1% · net profit +27.9%
Balance sheet & cash flow · as of Mar 2025
Debt-free
Total assets
₹1,800 cr
Shareholder equity
₹1,403 cr
parent shareholders
Total debt
₹42 cr
Cash
₹57 L
Cash flow · H1 FY25
Operating
₹36 cr
Investing
₹64 cr
Financing
₹-98 cr
Peer comparison
Pesticides & Agrochemicals · by market value
CompanyPriceMarket capP/E
UPL Limited₹555₹3.37 L cr1,155.7
PI Industries Limited₹2,307₹35,066 cr35.8
Sumitomo Chemical India Limited₹455₹22,734 cr26.5
Sharda Cropchem Limited₹742₹6,692 cr19.0
Dhanuka Agritech Limitedthis company₹982₹4,428 cr14.7
Rallis India Limited₹204₹3,971 cr
NACL Industries Limited₹149₹3,488 cr41.8
Bhagiradha Chemicals & Industries Limited₹248₹3,215 cr60.2
GSP Crop Science Limited₹484₹2,252 cr21.3
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.20%
trailing 12 months
Dividend / share (TTM)
₹2
Last dividend
₹2
ex 17 Jul 2026
ActionDetailEx-date
Dividend₹2 / share17 Jul 2026
BuybackBuy Back29 May 2026
Dividend₹2 / share18 Jul 2025
BuybackBuy Back16 Aug 2024
Dividend₹6 / share19 Jul 2024
Dividend₹8 / share14 Feb 2024
Who owns it · 2026-06-30
No pledge
Promoter
69.8%
FII / Foreign
1.6%
DII / Domestic
18.7%
Retail / others
9.8%
Promoter stake down 0.4% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtRam Gopal Agarwal · Promoters10,100 · ₹97.6 L8 Dec 23
SoldSatya Narain Agarwal · Promoter Group10,000 · ₹92.1 L7 Dec 23
SoldAbhishek Dhanuka · Promoter Group100 · ₹97,0926 Dec 23
Bulk / block deals
short · NSE1003 Aug 26
short · NSE723 Feb 26
short · NSE3216 Jun 25
Stake changes
BoughtDSP Trustee Private Limited on behalf of schemes of DSP Mutual Fund→ 9.36% · 10,35016 Feb 26
BoughtDSP Trustee Private Limited on behalf of schemes of DSP Mutual Fund→ 9.36% · 10,35016 Feb 26
SoldRam Gopal Agarwal · promoter→ 0.42% · 1.50 L30 Jun 21
Promoter pledges
ReleasedBajaj Finance Ltd9.99 L · 2.14% held8 Feb 21
ReleasedBajaj Finance Ltd2.10 L · 0.45% held8 Feb 21
ReleasedNA37.86 L · 8.39% held3 Jul 20
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 19 Mar 2026
See the official result
1
Appointment of Mr Sanjiv Goel (DIN: 03616090) as an Independent Director of the Company, for the first term of 5 years
Backed by 100% of shareholders other than promotersneeded 75%
80.76 L votes for, 251 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 25 named members
owning 69.8% between them · as of 2026-06-30
TRIVENI TRUST57.22%
PUSHPA DHANUKA TRUST10.17%
MANISH DHANUKA0.58%
RAHUL DHANUKA0.44%
MAHENDRA KUMAR DHANUKA HUF (Mahendra Kumar Dhanuka)0.43%
RAM GOPAL AGARWAL0.17%
SATYA NARAIN AGARWAL0.16%
MADHURI DHANUKA0.12%
Business done with them
FY2025 · 3 of the group
The company paid ₹19 cr to companies in the promoter group last year — about 0.9% of its ₹2,035 cr revenue.
RAHUL DHANUKA
Other payments to them · As per Attached note
also owns 0.44% of the company
₹7 cr
company paid
MAHENDRA KUMAR DHANUKA
Other payments to them · As per Attached note
also owns 0.06% of the company
₹7 cr
company paid
HARSH DHANUKA
Other payments to them · As per Attached note
also owns 0.06% of the company
₹5 cr
company paid

The company also transacted with 2 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.