Is Dhanuka Agritech a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Dhanuka Agritech Ltd is a good quality company .

Is Dhanuka Agritech undervalued or overvalued?

The key valuation ratios of Dhanuka Agritech Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone .

What is Dhanuka Agritech share price return in the past 10 years?

Dhanuka Agritech Ltd share price has appreciated 11.4% annually (CAGR) over the past ten years.

Is Dhanuka Agritech a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Dhanuka Agritech Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

Dhanuka Agritech Ltd - Stock Valuation and Financial Performance

Name: Dhanuka Agritech
Brand: Dhanuka Agritech

BSE: 507717 | NSE: DHANUKA | Pesticides & Agrochemicals | Small Cap

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Dhanuka Agritech Share Price

₹1,524.90 -1.45 -0.09%
as on 14-Nov'24 16:59

10 Year X-Ray of Dhanuka Agritech:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	33%	32%	33.9%	28.8%	23.8%	26.4%	37.9%	31.8%	30.2%	27.7%	-
Value Creation Index ⓘ	1.4	1.3	1.4	1.1	0.7	0.9	1.7	1.3	1.2	1.0	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	785	829	883	963	1,006	1,120	1,387	1,478	1,700	1,759	1,919
Sales YoY Gr.	-	5.6%	6.6%	9%	4.5%	11.4%	23.9%	6.5%	15.1%	3.4%	-
Adj EPS ⓘ	78.4	21	24.3	25.5	23.2	29.7	44.3	44.2	48.5	52.3	59.4
YoY Gr.	-	-73.3%	15.8%	5%	-9.1%	28%	49.3%	-0.1%	9.6%	7.8%	-
BVPS (₹) ⓘ	299.4	96.1	106.3	129.1	135	148.7	171	206.2	232.9	275.5	279
Adj Net Profit ⓘ	106	105	119	125	110	141	206	206	221	238	271
Cash Flow from Ops. ⓘ	110	140	63.1	138	13.3	162	231	104	136	134	-
Debt/CF from Ops. ⓘ	0.2	0.1	0.1	0	1.7	0.1	0	0	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	9.4%	11.8%	8.2%	3.4%
Adj EPS ⓘ	-4.4%	17.7%	5.7%	7.8%
BVPSⓘ	-0.9%	15.3%	17.3%	18.3%
Share Price	11.4%	36%	26.3%	73.4%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	28.5	23.5	23.8	21.7	17.3	20.9	27.4	23.5	21.9	20.6	21.4
Op. Profit Mgn % ⓘ	16.8	16.9	19.3	17.3	14.5	15.5	19.4	17.9	16.8	18.7	19.5
Net Profit Mgn % ⓘ	13.5	12.7	13.5	13	11	12.6	14.9	13.9	13	13.5	14.1
Debt to Equity ⓘ	0	0	0	0	0	0	0	0	0	0	0
Working Cap Days ⓘ	181	174	170	163	176	179	158	168	162	173	106
Cash Conv. Cycle ⓘ	129	116	118	104	101	98	89	93	88	99	72

Recent Performance Summary

Sales growth is good in last 4 quarters at 10.34%

Return on Equity has declined versus last 3 years average to 21.40%

Sales growth has been subdued in last 3 years 8.22%

Net Profit has been subdued in last 3 years 5.66%

Latest Financials - Dhanuka Agritech Ltd.

	Standalone	Consolidated
TTM EPS (₹)	59.4	59.4
TTM Sales (₹ Cr.)	1,919	1,919
BVPS (₹.) ⓘ	279	279
Reserves (₹ Cr.) ⓘ	1,263	1,263
P/BV ⓘ	5.51	5.51
PE ⓘ	25.88	25.88

From the Market
52 Week Low / High (₹)	859.55 / 1926.40
All Time Low / High (₹)	1.20 / 1926.40
Market Cap (₹ Cr.)	7,009
Equity (₹ Cr.)	9.1
Face Value (₹)	2
Industry PE ⓘ	44.6

Management X-Ray of Dhanuka Agritech:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Dhanuka Agritech

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Dhanuka Agritech

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	785	829	883	963	1,006	1,120	1,387	1,478	1,700	1,759
Operating Expenses ⓘ	653	689	713	796	860	946	1,118	1,214	1,421	1,431
Manufacturing Costs	77	80	88	78	91	93	109	117	123	134
Material Costs	436	446	435	509	553	645	786	856	1,028	982
Employee Cost	65	82	97	106	105	105	118	121	126	155
Other Costs ⓘ	76	81	94	103	111	103	105	120	144	160
Operating Profit ⓘ	132	140	170	166	146	174	269	264	279	328
Operating Profit Margin (%)	16.8%	16.9%	19.2%	17.3%	14.5%	15.5%	19.4%	17.8%	16.4%	18.6%
Other Income ⓘ	6	13	18	16	21	25	34	34	45	35
Interest ⓘ	3	1	1	1	1	2	3	3	3	3
Depreciation ⓘ	6	6	15	14	12	16	15	16	18	41
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	129	145	172	167	154	181	285	277	303	319
Tax ⓘ	23	38	50	41	41	39	74	69	69	80
Profit After Tax	106	107	122	126	113	141	211	209	234	239
PAT Margin (%)	13.5%	12.9%	13.8%	13.1%	11.2%	12.6%	15.2%	14.1%	13.7%	13.6%
Adjusted EPS (₹)	78.4	21.5	24.8	25.7	23.7	29.7	45.2	44.8	51.2	52.5
Dividend Payout Ratio (%)	6%	30%	2%	21%	3%	40%	4%	31%	4%	27%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	405	480	522	633	642	708	796	960	1,061	1,256
Share Capital ⓘ	3	10	10	10	10	10	9	9	9	9
Reserves ⓘ	402	470	512	624	633	698	787	951	1,052	1,247
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	16	8	8	5	22	8	8	1	4	0
Long Term Debt	0	0	0	0	0	0	0	0	0	0
Short Term Debt	16	8	8	5	22	8	8	1	4	0
Trade Payables	62	64	57	83	78	113	109	175	175	149
Others Liabilities ⓘ	111	105	128	102	93	103	218	176	165	173
Total Liabilities ⓘ	594	657	715	823	835	932	1,131	1,312	1,405	1,579
Fixed Assets
Gross Block	107	175	153	160	155	171	231	234	255	445
Accumulated Depreciation	37	42	15	29	38	53	64	75	90	122
Net Fixed Assetsⓘ	70	133	138	131	117	117	167	159	165	322
CWIP ⓘ	38	0	0	0	1	4	8	48	153	28
Investmentsⓘ	47	92	66	182	120	159	278	336	255	240
Inventories	192	173	264	205	207	250	296	347	345	418
Trade Receivables	194	186	184	208	219	242	243	282	339	347
Cash Equivalents	4	2	4	11	1	26	1	2	4	1
Others Assetsⓘ	49	71	57	85	170	134	139	137	144	223
Total Assets ⓘ	594	657	715	823	835	932	1,131	1,312	1,405	1,579

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	110	140	63	138	13	162	231	104	136	134
PBT ⓘ	129	145	172	167	154	181	285	277	303	319
Adjustment ⓘ	7	-3	1	6	1	2	-10	-5	-22	16
Changes in Working Capital ⓘ	-4	31	-65	5	-88	16	17	-102	-71	-121
Tax Paid ⓘ	-23	-33	-45	-40	-54	-36	-61	-66	-73	-79
Cash Flow From Investing Activity ⓘ	-70	-66	20	-111	63	-44	-127	-43	3	-81
Capex	-25	-27	-19	-6	-5	-10	-12	-58	-100	-88
Net Investments	-46	-45	29	-112	60	-49	-116	-36	87	13
Others ⓘ	1	6	10	7	8	15	2	52	16	-5
Cash Flow From Financing Activityⓘ	-38	-76	-81	-20	-87	-93	-129	-61	-137	-57
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-3	-1	-1	-1	-1	-2	-3	-3	-3	-3
Dividend Paid ⓘ	-10	-55	0	-13	-17	-60	0	-47	-28	-46
Others ⓘ	-25	-20	-80	-6	-69	-32	-126	-11	-106	-8
Net Cash Flow ⓘ	2	-2	3	7	-10	25	-25	1	2	-3

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	28.77	24.24	24.32	21.85	17.65	20.96	28	23.77	23.1	20.64
ROCE (%)	32.98	31.96	33.93	28.79	23.8	26.43	37.86	31.81	30.2	27.74
Asset Turnover Ratio	1.56	1.45	1.46	1.46	1.37	1.41	1.46	1.28	1.32	1.27
PAT to CFO Conversion(x)	1.04	1.31	0.52	1.1	0.12	1.15	1.09	0.5	0.58	0.56
Working Capital Days
Receivable Days	77	76	67	64	69	68	59	61	63	66
Inventory Days	85	73	80	76	66	67	66	75	70	73
Payable Days	46	52	51	50	53	54	52	60	62	60

Dhanuka Agritech Ltd Stock News

Dhanuka Agritech Ltd FAQs

What is the share price of Dhanuka Agritech?

Company share prices are keep on changing according to the market conditions. The closing price of Dhanuka Agritech on 14-Nov-2024 16:59 is ₹1,524.9.

What is the market cap of Dhanuka Agritech?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 14-Nov-2024 16:59 the market cap of Dhanuka Agritech stood at ₹7,009.5.

What is the P/E ratio of Dhanuka Agritech?

The latest P/E ratio of Dhanuka Agritech as of 14-Nov-2024 16:59 is 25.88.

What is the P/B ratio of Dhanuka Agritech?

The latest P/B ratio of Dhanuka Agritech as of 14-Nov-2024 16:59 is 5.51.

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

The 52-week high of Dhanuka Agritech is ₹1,926.4 and the 52-week low is ₹859.5.

What is the TTM revenue of Dhanuka Agritech?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Dhanuka Agritech is ₹1,919 ( Cr.) .

About Dhanuka Agritech Ltd

Dhanuka Agritech Limited is one of India’s leading agrochemical Company and is listed by Forbes Magazine in the category of “200 Best under A Billion Companies in Asia Pacific”. The Company is listed with Bombay Stock Exchange and National Stock Exchange of India. The company has Pan-India presence through its marketing offices in all major states across India.

The company’s R&D division has world class NABL Accredited Laboratories and has International collaboration with the world’s seven leading agrochemical Companies from US, Japan and Europe which helps Dhanuka to introduce the latest technology in Indian farmlands.

It has three state of art manufacturing facilities in Rajasthan, Gujarat and J&K with well-equipped Quality Testing Facilities. The R&D center is located at Gurgaon, which is recognized by the Ministry of Science & Technology for generating scientific data and evaluation of new chemistry.

The company has solutions for all major crops grown in the country including cotton, paddy, wheat, sugarcane, pulses, fruits & vegetables, plantation crops and others. The Company’s impetus is on marketing quality and eco-friendly chemistry which comply with ICM/IPM, and is safe to human beings and beneficial to flora & fauna. Dhanuka is recognized as one of the leader’s amongst Indian Agrochemical Companies in branded agrochemical product sales. The Company has developed several Public-Private and Private-Private partnerships for agricultural extension projects which are accelerating the transfer of improved agriculture technology to the Indian farming community.

Business area of the company

The Company is engaged into the business of manufacturing of pesticides for farmers of India.

Awards & Accolades

2016-17

Honourable Chairman Shri R. G. Agarwal has been awarded for “Distinguished Contribution to Indian Agrochemicals Industry” during India Chemical, 2016 International Conference organised by FICCI and held on 1st September, 2016 at Mumbai.
Honourable Chairman, Shri R. G. Agarwal being felicitated at Ekal Utsav on Sept-25, 2016
Honourable Chairman, Shri RG Agarwal nominated E&Y Entrepreneur of the Year 2016
Honourable Chairman Shri R.G. Agarwal, Chairman during 'Lightning the lamp' function with Shri Ram Nath Kovind, Honourable Governor of Bihar and other diginitary. Towards serving for society, Shri Durga Prashad Charitable Trust donated Rs.1 Cr. (One Crore Rupees) to Ramakrishna Mission Sevashrama, Vrindaban, Distt. Mathura for construction of new maternity ward called Cathlab.
Shri V. K. Bansal, CFO, was conferred with “100 Most influential CFO of India Award” on 23rd June 2016 at Hotel Taj End, Mumbai

2017-18

Dhanuka has won Amar Ujala CSR Award for the outstanding work in Save Water, Education, health and women empowerment
Dhanuka Agritech Limited was awarded the title of 70 Most Trusted Power Brands - 2017-18. Mr. M.K. Dhanuka & Mr. Sachin Bhartiya received the award
Dhanuka was awarded for 25 greatest value creators by 'The Fortune India Next 500 universe'
Awarded as winner by ASSOCHAM’s “Water Management Excellence Awards 2018 “under category of “Excellence in the Field of Water Education & Awareness”
Mr. Rahul Dhanuka, Director Marketing, DAL was honored by SPJIMR Alumni Awards 2017 in the ‘Best Company of the Year’ category
Dhanuka Agritech Limited was Awarded for “Commendable Work for Changing Public Perception” by FICCI

2018-19

Shri RG Agarwal, Group Chairman, Dhanuka Agritech Limited (right) receiving the Business Sphere Awards from Shri Vijay Goel, Hon'ble Minister of state for parliamentary affairs and statistic and implementation and Shri Ramdas Bandu Athawale, Hon'ble Minister of State for Social Justice and Empowerment.
‘India Chem’, the largest annual event of the chemicals and petrochemicals industry in India, is jointly organized by Department of Chemicals & Petrochemicals, Ministry of Chemicals and Fertilizers, GOI and FICCI. Dhanuka Agritech Limited won the “Company of the Year” award at the 10 th FIICI India Chem 2018 held in Mumbai. The award has been conferred for Dhanuka’s efforts to promote agriculture sustainability and educate farmers in India on latest and modern techniques.
Dhanuka Agritech Limited has won the “Utkrisht Marketing” award by Institute of Technology and Science, Ghaziabad on December 8, 2018 at Institute campus. This marketing award has been conferred to the company for outstanding corporate branding in Agriculture sector for the year 2018. Dhanuka has been awarded for their enormous efforts to promote agriculture sustainability and to educate farmers in India on latest/modern techniques at grass root level across various regions.

2019-20

Dhanuka Agritech Ltd was felicitated by “Hurun India Industry Achievement Award” on 4-Dec-2019 for outstanding achievement in the Agriculture sector. Mr. M.K. Dhanuka, Managing Director of Dhanuka Agritech Ltd received the award.
Mr. V.K. Bansal, Chief Financial Officer of the Company was conferred the award “100 BEST CFO” on 22nd November, 2019, at Mumbai
Dhanuka Agritech Ltd has been recognized as “National Best Employer Brands” for the year 2019-20 at the 14th Employer Branding Awards organized by Employer Branding Institute. Dhanuka is constantly working towards innovative HR practices for building a performance oriented culture by engaging and empowering their employees. Dhanuka is committed to developing a motivating work environment for all based on Positive Employee Connect thus generating Trust, Pride & Sense of Commitment

History and Milestones

1980: Took over a sick unit Northern Minerals Pvt. Limited, Gurgaon and started with an office in Daryaganj, Delhi
1981: Achieved turnover of Rs.17 lacs in the first year itself, making the sick unit profitable.
1984: Expanded to all North Indian States, Maharashtra & Gujarat
1984: Inaugurated Dhanuka Agriculture Research Center at Delhi
1985: Incorporated Dhanuka Pesticides Limited
1985: Set up a plant at Sohna, Haryana for manufacturing Synthetic Pyrothrides
1986: Dhanuka Pesticides Limited entered Capital Market by offering 6,00,000 equity shares
1992: Dhanuka entered into tie-up with E.I. Dupont, USA
1997: Dhanuka entered into tie-up with Sumitomo Chemical Company Ltd. Japan.
1998: On-site NABL accredited (Indian GPL) Lab for formulation Development, Soil & Water Testing etc.
1998: DAL production unit was certified with ISO 9001:2008 for Quality assurance
1999: Mobile seed treatment technology bought from Australia.
2000: Dhanuka entered into tie-up with Hokko Chemical Industory Co. Ltd, Japan
2001: Set up unit at Sanand with 2nd largest Granule and Dusting powder facility
2001: Dhanuka entered into a tie-up with Nissan Chemical Industries Ltd., Japan.
2001: Country's first Public Private Partnership started in Hoshangabad,MP where Mobile testing lab was introduced.
2004: Dhanuka entered into tie-up with FMC Corporation, USA
2005: Entered into Joint venture with Otsuka Chemicals of Japan for its Pharmaceutical division
2007: Northern Minerals Pvt. Ltd was merged with Dhanuka Pesticide Ltd. under the new entity Dhanuka Agritech Ltd. Set up modern manufacturing unit at Udhampur
2007: Seed treatment machine was imported from Argentina# Seed treatment of DAL was accepted by Govt of India with minor modification and GOI started Seed Treatment Campaign in different states
2008: Production with Japanese Technology, in collaboration with Otsuka Chemicals for Agrochemical division
2008: Dhanuka entered into tie-up with DOW Agrosciences, USA.
2009: 100% seed treatment campaign launched by Government of India & Dhanuka.
2010: M/s 2020 Equity Investors Limited, FII bought 8.25% of the Company’s Equity Shares
2010: Dhanuka launched a Campaign to Save Water under “Gaon ka pani gaon mein, Khet ka pani khet mein - Bachhaye pani ki har boon”.
2011: Dhanuka entered into tie-up with Oro Agri, South Africa
2011: Shifted the corporate office to the hub of Fortune 500 companies at Cyber City, Gurgaon
2011: Shifted the corporate office to the hub of Fortune 500 companies at Cyber City, Gurgaon
2011: Recognition by Forbes in Asia’s 200 Best under a Billion Companies
2011: Rated as one of the fastest growing company by Business World and Economic Times
2012: Dhanuka’s turnover crossed INR 500 crores milestone
2012: Asia’s 200 Best under a Billion Companies Recognition by Forbes for the Second Consecutive Year
2013: Recognition from Inc. India 500 for a second consecutive year for India’s fastest Growing Mid-Sized Companies
2014: World Water Day Campaign Launched
2014: Constructed two Check - Dams in Rajasthan to Save Water and for Rain Water Harvesting
2017: Constructed two more Check - Dams in Rajasthan
2017: Dhanuka has won “Amar Ujala CSR Awards” for the outstanding work in Save Water, Education, Health and Women empowerment
2018: Launched Dhanuka Innovative Agriculture Awards
2018: Launched 'Transforming India through Agriculture' Campaign as a corporate identity
2018: Recognition from FICCI as 'Company of the Year 2018'
2018: Awarded ASSOCHAM’s “Water Management Excellence Awards 2018” under category of “Excellence in the field of Water Education & Awareness”