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Last Updated on: 27 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Fundamental Analysis of Dhanuka Agritech Ltd

About the Company - Dhanuka Agritech Ltd

Dhanuka Agritech Ltd. is a Public Limited Listed company incorporated on 13/02/1985 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L24219DL1985PLC020126 and registration number is 020126. Currently company belongs to the Industry of Agro Chemicals/Pesticides. Company’s Total Operating Revenue is Rs. 1477.78 Cr. and Equity Capital is Rs. 9.32 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Agro Chemicals/Pesticides82, Abhinash Mansion, 1st Floor, Joshi Road, New Delhi Delhi 110005investors@dhanuka.com
http://www.dhanuka.com
Management
NamePosition Held
Mr. Ram Gopal AgarwalChairman
Mr. Mahendra Kumar DhanukaVice Chairman & Mng.Director
Mr. Rahul DhanukaJoint Managing Director
Mr. Harsh DhanukaExecutive Director
Mr. Ashish SarafExecutive Director
Mr. Manish DhanukaNon Executive Director
Mr. Sachin Kumar BhartiyaIndependent Director
Mr. Sanjay SaxenaIndependent Director
Ms. Namrata GuptaIndependent Director
Mr. Bajrang Lal BajajIndependent Director
Mr. Siraj Azmat ChaudhryIndependent Director
Mr. Satish Kumar GuptaAddnl.Independent Director

Basic Stock Data of Dhanuka Agritech Ltd

Last Updated: July 26, 2024, 10:51 pm

Market Cap 7,705 Cr.
Current Price 1,692
High / Low1,825/703
Stock P/E32.4
Book Value 276
Dividend Yield0.83 %
ROCE26.9 %
ROE20.5 %
Face Value 2.00
PEG Ratio2.57

Data Source: screener.in

Dhanuka Agritech Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales296276364439357318393543393371369618403
Expenses245211303357302253341445342293325476341
Operating Profit506561825565519852784414262
OPM %17%23%17%19%15%20%13%18%13%21%12%23%15%
Other Income9987712176815767
Interest1111111111111
Depreciation454444444551013
Profit before tax546864845772649854874513756
Tax %26%28%24%25%25%25%23%25%15%25%26%26%19%
Net Profit404949634354497346653310245
EPS in Rs8.6010.4410.4313.619.1311.6810.5415.689.8914.337.2322.339.95

Last Updated: July 10, 2024, 4:30 pm

Dhanuka Agritech Ltd Quarterly Chart

Dhanuka Agritech Ltd Profit & Loss

Last Updated: July 10, 2024, 4:30 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales5295827387858298839631,0061,1201,3871,4781,7001,752
Expenses4505006186536897137968609471,1181,2141,4211,437
Operating Profit8082121132140170166146174269264279315
OPM %15%14%16%17%17%19%17%15%15%19%18%16%18%
Other Income1756131816212534344535
Interest5443111123333
Depreciation555661514121615161824
Profit before tax7081116129145172167154181285278303322
Tax %18%20%20%18%26%29%24%27%22%26%25%23%
Net Profit576493106107122126113141211209234246
EPS in Rs11.4212.8818.6221.2121.4524.8325.7123.6629.7145.2144.8551.2353.78
Dividend Payout %19%22%21%6%30%2%21%3%40%4%31%4%

Dhanuka Agritech Ltd Profit & Loss Yearly Chart

Dhanuka Agritech Ltd Growth

Compounded Sales Growth
10 Years:9%
5 Years:12%
3 Years:8%
TTM:3%
Compounded Profit Growth
10 Years:10%
5 Years:17%
3 Years:5%
TTM:10%
Stock Price CAGR
10 Years:15%
5 Years:36%
3 Years:19%
1 Year:125%
Return on Equity
10 Years:22%
5 Years:23%
3 Years:22%
Last Year:21%

Last Updated: July 26, 2024, 5:21 pm

Dhanuka Agritech Ltd Balance Sheet

Last Updated: July 10, 2024, 4:30 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital101010310101010109999
Reserves2052533224104705126246336987879511,0521,178
Borrowings4634391688522848323431
Other Liabilities135124145166169185185171217286320310383
Total Liabilities3964205175946577158238359321,1311,3121,4051,602
Fixed Assets39636770133138131117117167159165336
CWIP0122380001484815315
Investments1581479266182120159278336255208
Other Assets3413484274384315105105976526797698331,043
Total Assets3964205175946577158238359321,1311,3121,4051,602

Dhanuka Agritech Ltd Reserves and Borrowings Chart

Dhanuka Agritech Ltd Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity 47331101406313813162231104136134
Cash from Investing Activity -18-19-70-6620-11163-44-127-433-81
Cash from Financing Activity -31-17-38-76-81-20-87-93-129-61-137-57
Net Cash Flow-3-32-237-1025-2512-3

Dhanuka Agritech Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days1049484908276797979647073
Inventory Days148153168161125222147137141137148123
Days Payable584338524648605164507462
Cash Conversion Cycle194204214199160250166165156151143133
Working Capital Days130135137120116141124153127107113109
ROCE %30%30%36%33%31%34%29%23%26%36%30%27%

Dhanuka Agritech Ltd Financial Efficiency Indicators Chart

Dhanuka Agritech Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters70.00%70.00%70.00%70.00%70.00%70.00%70.00%70.19%70.19%70.19%70.19%70.19%
FIIs0.00%4.70%4.18%3.67%3.90%3.99%4.04%4.05%3.55%2.21%1.34%1.49%
DIIs14.27%14.86%17.05%17.50%17.18%16.65%16.61%16.63%17.24%18.22%18.41%18.90%
Public15.73%10.44%8.77%8.83%8.92%9.38%9.35%9.13%9.03%9.39%10.07%9.43%
No. of Shareholders46,73945,58938,70238,45737,64837,43644,95336,58734,22133,68832,51233,812

Dhanuka Agritech Ltd Shareholding Pattern Chart

No. of Dhanuka Agritech Ltd Shareholders

Dhanuka Agritech Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
DSP Small Cap Fund1,918,1251.29152.598,6002024-07-2622203.78%
DSP Mid Cap Fund1,872,8831.03148.998,6002024-07-2621677.71%
Kotak Small Cap Fund - Regular Plan1,357,1710.89107.968,6002024-07-2615681.06%
HDFC Mid-Cap Opportunities Fund - Regular Plan1,053,6300.1883.828,6002024-07-2612151.51%
DSP Tiger Fund367,3791.1929.238,6002024-07-264171.85%
Aditya Birla Sun Life Dividend Yield Fund182,1841.4414.498,6002024-07-262018.42%
JM Value Fund74,4002.065.928,6002024-07-26765.12%
JM ELSS Tax Saver Fund8,6000.750.688,6002024-07-260%
Kotak ESG Opportunities Fund5,8150.050.468,6002024-07-26-32.38%

Dhanuka Agritech Ltd ROCE Trend

Dhanuka Agritech Ltd EPS Trend

Dhanuka Agritech Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)52.4650.3544.8544.6129.71
Diluted EPS (Rs.)52.4650.3544.8544.6129.71
Cash EPS (Rs.)61.3655.0948.3448.4633.15
Book Value[Excl.RevalReserv]/Share (Rs.)275.54232.85206.19170.94148.72
Book Value[Incl.RevalReserv]/Share (Rs.)275.54232.85206.19170.94148.72
Revenue From Operations / Share (Rs.)385.83373.03317.27297.88235.42
PBDIT / Share (Rs.)79.5170.9663.7865.0141.71
PBIT / Share (Rs.)70.6167.1060.2861.7538.27
PBT / Share (Rs.)69.9466.4259.6061.1737.94
Net Profit / Share (Rs.)52.4651.2344.8545.2129.71
NP After MI And SOA / Share (Rs.)52.4651.2344.8545.2129.71
PBDIT Margin (%)20.6019.0220.1021.8217.71
PBIT Margin (%)18.3017.9819.0020.7316.25
PBT Margin (%)18.1217.8018.7820.5316.11
Net Profit Margin (%)13.5913.7314.1315.1712.61
NP After MI And SOA Margin (%)13.5913.7314.1315.1712.61
Return on Networth / Equity (%)19.0322.0021.7526.4419.97
Return on Capital Employeed (%)24.7327.6127.8633.6324.78
Return On Assets (%)15.1416.6115.9118.6115.16
Total Debt / Equity (X)0.000.000.000.010.01
Asset Turnover Ratio (%)1.181.251.211.341.27
Current Ratio (X)3.693.013.143.113.37
Quick Ratio (X)2.191.852.002.042.11
Inventory Turnover Ratio (X)2.362.672.502.782.55
Dividend Payout Ratio (NP) (%)19.0611.9622.290.0042.41
Dividend Payout Ratio (CP) (%)16.2911.1220.680.0038.01
Earning Retention Ratio (%)80.9488.0477.710.0057.59
Cash Earning Retention Ratio (%)83.7188.8879.320.0061.99
Interest Coverage Ratio (X)117.41103.7492.76112.41127.46
Interest Coverage Ratio (Post Tax) (X)78.4675.8966.2279.1691.79
Enterprise Value (Cr.)4658.652785.053337.743220.331521.34
EV / Net Operating Revenue (X)2.651.642.262.321.36
EV / EBITDA (X)12.858.6111.2410.637.67
MarketCap / Net Operating Revenue (X)2.651.642.262.321.37
Retention Ratios (%)80.9388.0377.700.0057.58
Price / BV (X)3.712.623.484.042.18
Price / Net Operating Revenue (X)2.651.642.262.321.37
EarningsYield0.050.080.060.060.09

Dhanuka Agritech Ltd Profitability Ratios (%)

Dhanuka Agritech Ltd Liquidity Ratios

Dhanuka Agritech Ltd Liquidity Ratios (%)

Dhanuka Agritech Ltd Interest Coverage Ratios (%)

Dhanuka Agritech Ltd Valuation Ratios

Fair Value

Fair Value: 1,848.41

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 9.24% compared to the current price 1692

Intrinsic Value: 2,081.33

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 23.01% compared to the current price 1692

Last 5 Year EPS CAGR: 12.60%

*Investments are subject to market risks

Strength and Weakness of Dhanuka Agritech Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 30.42%, which is a positive sign.
  2. The company has higher reserves (663.25 cr) compared to borrowings (23.42 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (408.85 cr) and profit (184.85 cr) over the years.
  1. The stock has a high average Working Capital Days of 126.00, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 177.92, which may not be favorable.

FAQ

What is the latest fair value of Dhanuka Agritech Ltd?

The latest fair value of Dhanuka Agritech Ltd is ₹1848.41.

What is the Market Cap of Dhanuka Agritech Ltd?

The Market Cap of Dhanuka Agritech Ltd is 7,705 Cr..

What is the current Stock Price of Dhanuka Agritech Ltd as on 26 July 2024?

The current stock price of Dhanuka Agritech Ltd as on 26 July 2024 is 1,692.

What is the High / Low of Dhanuka Agritech Ltd stocks in FY 2024?

In FY 2024, the High / Low of Dhanuka Agritech Ltd stocks is 1,825/703.

What is the Stock P/E of Dhanuka Agritech Ltd?

The Stock P/E of Dhanuka Agritech Ltd is 32.4.

What is the Book Value of Dhanuka Agritech Ltd?

The Book Value of Dhanuka Agritech Ltd is 276.

What is the Dividend Yield of Dhanuka Agritech Ltd?

The Dividend Yield of Dhanuka Agritech Ltd is 0.83 %.

What is the ROCE of Dhanuka Agritech Ltd?

The ROCE of Dhanuka Agritech Ltd is 26.9 %.

What is the ROE of Dhanuka Agritech Ltd?

The ROE of Dhanuka Agritech Ltd is 20.5 %.

What is the Face Value of Dhanuka Agritech Ltd?

The Face Value of Dhanuka Agritech Ltd is 2.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Dhanuka Agritech Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE