Dhanuka Agritech Ltd
NSE: DHANUKA · Pesticides & Agrochemicals · sector
₹831.95NSE close 2026-10-26
Key numbers
Market cap₹3,709 cr
Price₹831.95
52w high / low₹1,470 / ₹832
P/E14.0xSector median 18.3x
P/B2.2xSector median 1.8x
Book value₹377.3
Dividend yield0.25%Sector median 0.55%
ROE17.4%Sector median 9.3%
ROCE21.1%Sector median 12.4%
OPM19.2%Sector median 10.4%
Debt / equity0.00xSector median 0.34x
EV/EBITDA9.1xSector median 10.8x
Interest cover110.5x
Current ratio4.09x
Sales growth 3y+5.9%Sector median +1.7%
Profit growth 3y+7.2%Sector median +2.3%
PEG1.72x
Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 29 companies in Pesticides & Agrochemicals (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹297 cr vs borrowings ₹1 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 110.5x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 5 of the last 5 years (FY26, FY25, FY24, FY23, FY22).
- Revenue was higher than a year earlier in 1 of the last 4 quarters.
- Other income was 16% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹831.95 on 2026-10-26: -43.4% from the 52-week high, 0.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹1,844.80 · low ₹831.95
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 654 | 445 | 442 | 528 | 598 | 410 | 483 | 462 |
| EBITDA | 160 | 76 | 110 | 83 | 137 | 59 | 125 | 55 |
| OPM % | 24.4% | 17.0% | 24.8% | 15.7% | 22.9% | 14.3% | 25.8% | 11.9% |
| Other income | 11 | 7 | 11 | 8 | 6 | 8 | 21 | 9 |
| Net profit | 118 | 55 | 76 | 56 | 94 | 40 | 98 | 36 |
| EPS (₹) | 25.83 | 12.25 | 16.74 | 12.31 | 20.85 | 8.87 | 21.69 | 8.06 |
| Revenue YoY | -8.6% | -7.9% | +9.3% | -12.6% | ||||
| Profit YoY | -20.0% | -27.3% | +29.5% | -34.6% |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 1,478 | 1,700 | 1,759 | 2,035 | 2,020 | 1,953 |
| EBITDA | 263 | 279 | 327 | 417 | 403 | 375 |
| Net profit | 209 | 234 | 239 | 297 | 287 | 268 |
| EPS (₹) | 44.82 | 50.35 | 52.46 | 65.55 | 63.72 | 59.47 |
| Revenue growth | +15.1% | +3.4% | +15.7% | -0.8% | -5.6% | |
| Profit growth | +11.8% | +2.4% | +24.2% | -3.3% | -11.7% | |
| Dividend / share (₹) | 10.00 | 6.00 | 10.00 | 6.00 | 2.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +5.9% | +7.8% | -5.6% |
| Net profit | +7.1% | +6.4% | -11.7% |
| EPS | +8.2% | +7.4% | – |
| Share price | – | -24.4% (2y) | -40.1% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 1,061 | 1,256 | 1,403 | 1,682 |
| Borrowings | – | 4 | 0 | 42 | 1 |
| Cash & equivalents | – | 100 | 73 | 125 | 297 |
| Total assets | – | 1,405 | 1,579 | 1,800 | 2,102 |
| Fixed assets | – | 163 | 321 | 328 | 308 |
| Capital work in progress | – | 153 | 28 | 9 | 12 |
| Investments | – | 159 | 168 | 107 | 94 |
| Receivables | – | 339 | 347 | 459 | 441 |
| Inventory | – | 345 | 418 | 399 | 517 |
| Payables | – | 175 | 149 | 140 | 196 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 104 | 136 | 134 | 263 | 196 |
| Cash from investing | -43 | 3 | -81 | -143 | -118 |
| Cash from financing | -61 | -137 | -57 | -120 | -60 |
| Capex | 60 | 124 | 89 | 194 | 28 |
| Free cash flow | 44 | 12 | 45 | 69 | 168 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 22.0% | 19.0% | 21.2% | 17.1% |
| ROCE % | – | 28.7% | 25.6% | 27.5% | 22.7% |
| Debtor days | – | 73 | 72 | 82 | 80 |
| Inventory days | – | 113 | 142 | 119 | 156 |
| Payable days | – | 57 | 51 | 42 | 59 |
| Cash conversion cycle (days) | – | 129 | 163 | 159 | 177 |
| Working capital days | – | 128 | 155 | 143 | 207 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 69.81% |
| FIIs | 1.59% |
| DIIs | 19.28% |
| of which Mutual funds | 16.69% |
| of which Insurance | 2.47% |
| Public (non-institutions) | 9.32% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 70.29% | 70.32% | 69.87% | 69.71% | 69.71% | 69.71% | 69.81% | 69.81% |
| Promoter group | % |
|---|---|
| Triveni Trust | 57.22% |
| Pushpa Dhanuka Trust | 10.17% |
| Manish Dhanuka | 0.58% |
| Rahul Dhanuka | 0.44% |
| MAHENDRA KUMAR DHANUKA HUF (Mahendra Kumar Dhanuka) | 0.43% |
| Satya Narain Agarwal | 0.33% |
| Pushpa Dhanuka | 0.12% |
| Mayuri Dhanuka | 0.12% |
| UMA Dhanuka | 0.06% |
| Mahendra Kumar Dhanuka | 0.06% |
| Harsh Dhanuka | 0.06% |
| Mridul Dhanuka | 0.06% |
| Megha Dhanuka | 0.06% |
| Akangsha Dhanuka | 0.06% |
| Seema Dhanuka | 0.03% |
| Public holders above 1% | % |
|---|---|
| DSP Smallcap Fund , DSP Midcap Fund | 9.12% |
| Kotak Small CAP Fund | 2.98% |
| Life Insurance Corporation of India | 2.47% |
| HDFC Mutual Fund - HDFC Mid-cap Fund | 2.35% |
| Bandhan Small CAP Fund ,bandhan Multi CAP Fund, Bandhan Multi Asset Allocation Fund,bandhan Aggressive Hybrid Fund, Bandhan Contra Fund, Bandhan Retiremnet Fund | 1.22% |
40,757 shareholders. Pledged: 0.00% of promoter shares.
Peers in Pesticides & Agrochemicals
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| UPL | ₹42,056 cr | 20.6x | 1.2x | 6.3% | 11.9% | 17.8% | -1.1% | 1.16% |
| PIIND | ₹30,704 cr | 26.3x | 2.7x | 10.5% | 13.3% | 25.3% | +1.1% | 0.74% |
| SUMICHEM | ₹17,685 cr | 30.5x | 5.2x | 18.4% | 23.1% | 21.4% | -2.7% | 0.33% |
| BAYERCROP | ₹15,009 cr | 20.5x | 5.1x | 25.2% | 31.7% | 16.0% | +3.4% | 3.75% |
| SHARDACROP | ₹5,688 cr | 9.1x | 1.8x | 22.2% | 25.8% | 19.5% | +9.2% | 1.91% |
| DHANUKA | ₹3,709 cr | 14.0x | 2.2x | 17.4% | 21.1% | 19.2% | +5.9% | 0.25% |
| RALLIS | ₹3,664 cr | 19.1x | 1.7x | 9.3% | 12.4% | 11.9% | -0.8% | 1.34% |
| NACLIND | ₹2,650 cr | 221.7x | 3.9x | 2.2% | 6.0% | 5.8% | -9.2% | – |
| BHAGCHEM | ₹2,512 cr | 91.4x | 3.6x | 4.0% | 6.1% | 13.0% | +2.2% | 0.07% |
| GSPCROP | ₹2,010 cr | 17.3x | 2.6x | -0.4% | 15.9% | 11.9% | – | 0.15% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-07-17 | Dividend | Dividend - Rs 2 Per Share |
| 2026-05-29 | Buyback | Buy Back |
| 2025-07-18 | Dividend | Dividend - Rs 2 Per Share |
| 2024-08-16 | Buyback | Buy Back |
| 2024-07-19 | Dividend | Dividend - Rs 6 Per Share |
| 2024-02-14 | Dividend | Interim Dividend - Rs 8 Per Share |
| 2023-07-21 | Dividend | Annual General Meeting/Dividend - Rs 2 Per Share |
| 2022-11-17 | Buyback | Buy Back |
| 2022-07-21 | Dividend | Annual General Meeting/Dividend - Rs 6 Per Share |
| 2022-02-10 | Dividend | Interim Dividend - Rs 8 Per Share |
| 2021-07-15 | Dividend | Annual General Meeting/Dividend - Rs 2 Per Share |
| 2020-09-25 | Buyback | Buyback |
| 2020-09-03 | Other | Annual General Meeting |
| 2020-02-25 | Dividend | Interim Dividend - Rs 12 Per Share |
| 2019-07-30 | Dividend | Annual General Meeting/Dividend - Rs 0.60 Per Share |
| 2019-01-01 | Buyback | Buy Back |
| 2018-07-30 | Dividend | Annual General Meeting / Dividend- Rs 3.50 Per Share |
| 2018-02-23 | Dividend | Interim Dividend - Rs 2 Per Share |
| 2017-08-07 | Dividend | Annual General Meeting/Dividend - Re 0.60 Per Share |
| 2017-01-12 | Buyback | Buy Back |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing: Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products
- Trading: Wholesale trading
| Sector | Commodities |
| Industry | Pesticides & Agrochemicals |
| Sub-industry | Pesticides & Agrochemicals |
| Symbol | DHANUKA |
| BSE code | 507717 |
| ISIN | INE435G01025 |
| Face value | ₹2.0 |
| Incorporated | 1985-02-13 |
| Website | www.dhanuka.com |
| Plants (India / abroad) | 4 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.