NSE: DHANUKA · BSE: 507717 · ISIN INE435G01025
Dhanuka Agritech Limited stock analysis
Dhanuka Agritech Limited ranks #1281 in the TickerSutra evidence-ranked universe with a score of 55/100 and 95% data confidence. The latest captured fundamentals show ROCE of 23.8%, quarterly sales growth of -12.6% and quarterly profit growth of -34.6%.Monitor only
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- ROCE is 23.8%
- Low debt/equity of 0.02×
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- CFO/EBITDA is below 0.6×
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹1,478cr | ₹264cr | ₹209cr | 18.0% |
| 2023 | ₹1,700cr | ₹279cr | ₹234cr | 16.0% |
| 2024 | ₹1,759cr | ₹327cr | ₹239cr | 19.0% |
| 2025 | ₹2,035cr | ₹417cr | ₹297cr | 20.0% |
| 2026 | ₹2,020cr | ₹404cr | ₹287cr | 20.0% |
| TTM | ₹1,953cr | ₹375cr | ₹268cr | 19.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
Dhanuka Agritech Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
Positive CatalystProduct launch (Sub-para 3-Para B)NSE · 25 Sept 2026 · Structured filingDHANUKA AGRITECH LIMITED has informed the Exchange about Product launch (Sub-para 3-Para B)
DHANUKA AGRITECH LIMITED has informed the Exchange about Product launch (Sub-para 3-Para B)
Open original XBRL sourceIntimation regarding Product Launch
MANAGEMENT COMMENTARY
Signals from filed documents
As you are aware, Dhanuka Agritech is among India's leading Agrochemical companies with a long-standing commitment towards advancing Indian agriculture through technology -led crop solutions. Over the years, we have built a strong pan -India franchise with deep farmer engagement and a differentiated product portfolio and a robust distribution network. Today we reach more than 10 million farmers across India through a
Product category-wise Share was Insecticides contributed 25%, Fungicides contributed 14%, Herbicides contributed 42%, and others contributed 19%. While the 1st Quarter was impacted by delayed seasonal demand, pricing pressures, and external uncertainties, we believe these are largely cyclical challenges. The long-term growth drivers of Dhanuka Agritech Limited August 03, 2026 Page 4 of 17 the Indian Agrochemical indu
continue to provide us access to the advanced technologies in differentiated solutions for Indian farmers. Our two R&D centers, supported by NABL accredited laboratories and a strong regulatory and product development team, remain focused on product registration, formulation development, and strengthening our future growth pipeline. The Agrochemical industry witnessed a significantly challenging 1st Quarter of FY 202
continue to provide us access to the advanced technologies in differentiated solutions for Indian farmers. Our two R&D centers, supported by NABL accredited laboratories and a strong regulatory and product development team, remain focused on product registration, formulation development, and strengthening our future growth pipeline. The Agrochemical industry witnessed a significantly challenging 1st Quarter of FY 202
Still in your books, it is showing that the price growth of over 12%. So, just wanted to understand if the price growth of over 12%, then why we have not got the benefit in terms of the low-cost inventory and vis -à-vis the gross margin improvement. That's the point I want to understand.
We are sure we will win the case, absolutely. One was, are we looking to sign more deals in the international market like we did with Bayer and will it also help feed our Dahej plant capacity? As you are aware, Dhanuka is a debt-free company.
In addition, the sector continued to face challenges arising from elevated raw material and logistics costs during the quarter. Several companies attempted price increases during the initial months of the season to offset higher costs linked to geopolitical tensions in West Asia. However, weak market demand limited the sustainability of such hikes.
Probably by August end, we will be launching the third one also. We have already received all the regulatory approvals and most of the stat es we have received the sale permission also. So, we will be going ahead with that.
Dhanuka Agritech Limited August 03, 2026 Page 11 of 17 Riju Dalui: No, sir. My question was that the price growth that we have seen in this quarter, so that was driven by the price hike, and that is led by the input cost inflation. Bansal: Price hike happened in the month of June.
Secondly, how should one think about the CAPEX numbers for ‘27, ‘28 and ‘29? Rahul Dhanuka: CAPEX plan for 2027, 2028 is-- Moderator: Hello, sir. Bansal: You see, in terms of this Nagpur, the CAPEX would be around Rs.
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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