Dhanuka Agritech Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: April 30, 2025, 9:55 pm

Market Cap	5,945 Cr.
Current Price	1,304
High / Low	1,926/1,092
Stock P/E	21.2
Book Value	279
Dividend Yield	1.07 %
ROCE	26.9 %
ROE	20.5 %
Face Value	2.00
PEG Ratio	3.33

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Dhanuka Agritech Ltd

Competitors of Dhanuka Agritech Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Epigral Ltd	7,492 Cr.	1,735	2,408/1,107	21.6	324	0.29 %	17.5 %	16.9 %	10.0
Dharmaj Crop Guard Ltd	685 Cr.	203	390/165	20.2	117	0.00 %	14.5 %	13.2 %	10.0
Bhaskar Agrochemicals Ltd	40.6 Cr.	78.0	122/46.1	18.0	29.2	0.00 %	14.7 %	13.4 %	10.0
Bhagiradha Chemicals & Industries Ltd	3,895 Cr.	300	448/168	128	51.0	0.03 %	8.71 %	5.55 %	1.00
Best Agrolife Ltd	878 Cr.	366	732/244	45.5	320	0.82 %	16.5 %	18.1 %	10.0
Industry Average	11,077.85 Cr	1,506.31		36.54	420.97	0.39%	13.41%	16.06%	7.25

All Competitor Stocks of Dhanuka Agritech Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	357	318	393	543	393	371	369	618	403	368	494	654	445
Expenses	302	253	341	445	342	293	325	476	341	288	422	495	370
Operating Profit	55	65	51	98	52	78	44	142	62	80	72	160	76
OPM %	15%	20%	13%	18%	13%	21%	12%	23%	15%	22%	15%	24%	17%
Other Income	7	12	17	6	8	15	7	6	7	15	7	11	7
Interest	1	1	1	1	1	1	1	1	1	1	1	1	1
Depreciation	4	4	4	4	4	5	5	10	13	13	12	13	13
Profit before tax	57	72	64	98	54	87	45	137	56	81	66	157	68
Tax %	25%	25%	23%	25%	15%	25%	26%	26%	19%	28%	26%	25%	19%
Net Profit	43	54	49	73	46	65	33	102	45	59	49	118	55
EPS in Rs	9.13	11.68	10.54	15.68	9.89	14.33	7.23	22.33	9.95	12.95	10.73	25.78	12.08

Last Updated: March 3, 2025, 4:46 pm

Below is a detailed analysis of the quarterly data for Dhanuka Agritech Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is 445.00 Cr.. The value appears to be declining and may need further review. It has decreased from 654.00 Cr. (Sep 2024) to 445.00 Cr., marking a decrease of 209.00 Cr..
For Expenses, as of Dec 2024, the value is 370.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 495.00 Cr. (Sep 2024) to 370.00 Cr., marking a decrease of 125.00 Cr..
For Operating Profit, as of Dec 2024, the value is 76.00 Cr.. The value appears to be declining and may need further review. It has decreased from 160.00 Cr. (Sep 2024) to 76.00 Cr., marking a decrease of 84.00 Cr..
For OPM %, as of Dec 2024, the value is 17.00%. The value appears to be declining and may need further review. It has decreased from 24.00% (Sep 2024) to 17.00%, marking a decrease of 7.00%.
For Other Income, as of Dec 2024, the value is 7.00 Cr.. The value appears to be declining and may need further review. It has decreased from 11.00 Cr. (Sep 2024) to 7.00 Cr., marking a decrease of 4.00 Cr..
For Interest, as of Dec 2024, the value is 1.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 1.00 Cr..
For Depreciation, as of Dec 2024, the value is 13.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 13.00 Cr..
For Profit before tax, as of Dec 2024, the value is 68.00 Cr.. The value appears to be declining and may need further review. It has decreased from 157.00 Cr. (Sep 2024) to 68.00 Cr., marking a decrease of 89.00 Cr..
For Tax %, as of Dec 2024, the value is 19.00%. The value appears to be improving (decreasing) as expected. It has decreased from 25.00% (Sep 2024) to 19.00%, marking a decrease of 6.00%.
For Net Profit, as of Dec 2024, the value is 55.00 Cr.. The value appears to be declining and may need further review. It has decreased from 118.00 Cr. (Sep 2024) to 55.00 Cr., marking a decrease of 63.00 Cr..
For EPS in Rs, as of Dec 2024, the value is 12.08. The value appears to be declining and may need further review. It has decreased from 25.78 (Sep 2024) to 12.08, marking a decrease of 13.70.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 6, 2025, 4:28 pm

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	582	738	785	829	883	963	1,006	1,120	1,387	1,478	1,700	1,759	1,961
Expenses	500	618	653	689	713	796	860	947	1,118	1,214	1,421	1,431	1,574
Operating Profit	82	121	132	140	170	166	146	174	269	264	279	328	387
OPM %	14%	16%	17%	17%	19%	17%	15%	15%	19%	18%	16%	19%	20%
Other Income	7	5	6	13	18	16	21	25	34	34	45	35	40
Interest	4	4	3	1	1	1	1	2	3	3	3	3	4
Depreciation	5	5	6	6	15	14	12	16	15	16	18	41	51
Profit before tax	81	116	129	145	172	167	154	181	285	278	303	319	372
Tax %	20%	20%	18%	26%	29%	24%	27%	22%	26%	25%	23%	25%
Net Profit	64	93	106	107	122	126	113	141	211	209	234	239	280
EPS in Rs	12.88	18.62	21.21	21.45	24.83	25.71	23.66	29.71	45.21	44.85	51.23	52.46	61.54
Dividend Payout %	22%	21%	6%	30%	2%	21%	3%	40%	4%	31%	4%	27%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	45.31%	13.98%	0.94%	14.02%	3.28%	-10.32%	24.78%	49.65%	-0.95%	11.96%	2.14%
Change in YoY Net Profit Growth (%)	0.00%	-31.33%	-13.04%	13.08%	-10.74%	-13.60%	35.10%	24.87%	-50.59%	12.91%	-9.82%

Dhanuka Agritech Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	9%
5 Years:	12%
3 Years:	8%
TTM:	11%

Compounded Profit Growth
10 Years:	10%
5 Years:	17%
3 Years:	5%
TTM:	14%

Stock Price CAGR
10 Years:	8%
5 Years:	24%
3 Years:	22%
1 Year:	-7%

Return on Equity
10 Years:	22%
5 Years:	23%
3 Years:	22%
Last Year:	21%

Last Updated: Unknown

Balance Sheet

Last Updated: November 15, 2024, 12:37 am

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	10	10	3	10	10	10	10	10	9	9	9	9	9
Reserves	253	322	410	470	512	624	633	698	787	951	1,052	1,247	1,263
Borrowings	34	39	16	8	8	5	22	8	48	32	34	27	84
Other Liabilities	124	145	166	169	185	185	171	217	286	320	310	296	468
Total Liabilities	420	517	594	657	715	823	835	932	1,131	1,312	1,405	1,579	1,824
Fixed Assets	63	67	70	133	138	131	117	117	167	159	165	338	325
CWIP	1	22	38	0	0	0	1	4	8	48	153	28	28
Investments	8	1	47	92	66	182	120	159	278	336	255	240	186
Other Assets	348	427	438	431	510	510	597	652	679	769	833	973	1,285
Total Assets	420	517	594	657	715	823	835	932	1,131	1,312	1,405	1,579	1,824

Below is a detailed analysis of the balance sheet data for Dhanuka Agritech Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹9.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 9.00 Cr..
For Reserves, as of Sep 2024, the value is ₹1,263.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,247.00 Cr. (Mar 2024) to ₹1,263.00 Cr., marking an increase of 16.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹84.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 27.00 Cr. (Mar 2024) to ₹84.00 Cr., marking an increase of 57.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹468.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 296.00 Cr. (Mar 2024) to ₹468.00 Cr., marking an increase of 172.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹1,824.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,579.00 Cr. (Mar 2024) to ₹1,824.00 Cr., marking an increase of 245.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹325.00 Cr.. The value appears to be declining and may need further review. It has decreased from 338.00 Cr. (Mar 2024) to ₹325.00 Cr., marking a decrease of 13.00 Cr..
For CWIP, as of Sep 2024, the value is ₹28.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 28.00 Cr..
For Investments, as of Sep 2024, the value is ₹186.00 Cr.. The value appears to be declining and may need further review. It has decreased from 240.00 Cr. (Mar 2024) to ₹186.00 Cr., marking a decrease of 54.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹1,285.00 Cr.. The value appears strong and on an upward trend. It has increased from 973.00 Cr. (Mar 2024) to ₹1,285.00 Cr., marking an increase of 312.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹1,824.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,579.00 Cr. (Mar 2024) to ₹1,824.00 Cr., marking an increase of 245.00 Cr..

Notably, the Reserves (1,263.00 Cr.) exceed the Borrowings (84.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	47	33	110	140	63	138	13	162	231	104	136	134
Cash from Investing Activity +	-18	-19	-70	-66	20	-111	63	-44	-127	-43	3	-81
Cash from Financing Activity +	-31	-17	-38	-76	-81	-20	-87	-93	-129	-61	-137	-57
Net Cash Flow	-3	-3	2	-2	3	7	-10	25	-25	1	2	-3

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	48.00	82.00	116.00	132.00	162.00	161.00	124.00	166.00	221.00	232.00	245.00	301.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	94	84	90	82	76	79	79	79	64	70	73	72
Inventory Days	153	168	161	125	222	147	137	141	137	148	123	155
Days Payable	43	38	52	46	48	60	51	64	50	74	62	56
Cash Conversion Cycle	204	214	199	160	250	166	165	156	151	143	133	172
Working Capital Days	135	137	120	116	141	124	153	127	107	113	109	141
ROCE %	30%	36%	33%	31%	34%	29%	23%	26%	36%	30%	27%	27%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters	70.00%	70.00%	70.00%	70.00%	70.00%	70.00%	70.19%	70.19%	70.19%	70.19%	70.19%	70.19%
FIIs	4.70%	4.18%	3.67%	3.90%	3.99%	4.04%	4.05%	3.55%	2.21%	1.34%	1.49%	1.53%
DIIs	14.86%	17.05%	17.50%	17.18%	16.65%	16.61%	16.63%	17.24%	18.22%	18.41%	18.90%	19.29%
Public	10.44%	8.77%	8.83%	8.92%	9.38%	9.35%	9.13%	9.03%	9.39%	10.07%	9.43%	9.00%
No. of Shareholders	45,589	38,702	38,457	37,648	37,436	44,953	36,587	34,221	33,688	32,512	33,812	32,777

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
DSP Small Cap Fund	1,918,125	1.29	152.59	1,918,125	2025-04-22 17:25:37	0%
DSP Mid Cap Fund	1,872,883	1.03	148.99	1,872,883	2025-04-22 17:25:37	0%
Kotak Small Cap Fund - Regular Plan	1,357,171	0.89	107.96	1,357,171	2025-04-22 17:25:37	0%
HDFC Mid-Cap Opportunities Fund - Regular Plan	1,053,630	0.18	83.82	1,053,630	2025-04-22 13:31:13	0%
DSP Tiger Fund	367,379	1.19	29.23	367,379	2025-04-22 17:25:37	0%
Aditya Birla Sun Life Dividend Yield Fund	182,184	1.44	14.49	182,184	2025-04-22 17:25:37	0%
JM Value Fund	74,400	2.06	5.92	74,400	2025-04-22 17:25:37	0%
JM ELSS Tax Saver Fund	8,600	0.75	0.68	8,600	2025-04-22 17:25:37	0%
Kotak ESG Opportunities Fund	5,815	0.05	0.46	5,815	2025-04-22 17:25:37	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	2.00	2.00	2.00	2.00	2.00
Basic EPS (Rs.)	52.46	50.35	44.85	44.61	29.71
Diluted EPS (Rs.)	52.46	50.35	44.85	44.61	29.71
Cash EPS (Rs.)	61.36	55.09	48.34	48.46	33.15
Book Value[Excl.RevalReserv]/Share (Rs.)	275.54	232.85	206.19	170.94	148.72
Book Value[Incl.RevalReserv]/Share (Rs.)	275.54	232.85	206.19	170.94	148.72
Revenue From Operations / Share (Rs.)	385.83	373.03	317.27	297.88	235.42
PBDIT / Share (Rs.)	79.51	70.96	63.78	65.01	41.71
PBIT / Share (Rs.)	70.61	67.10	60.28	61.75	38.27
PBT / Share (Rs.)	69.94	66.42	59.60	61.17	37.94
Net Profit / Share (Rs.)	52.46	51.23	44.85	45.21	29.71
NP After MI And SOA / Share (Rs.)	52.46	51.23	44.85	45.21	29.71
PBDIT Margin (%)	20.60	19.02	20.10	21.82	17.71
PBIT Margin (%)	18.30	17.98	19.00	20.73	16.25
PBT Margin (%)	18.12	17.80	18.78	20.53	16.11
Net Profit Margin (%)	13.59	13.73	14.13	15.17	12.61
NP After MI And SOA Margin (%)	13.59	13.73	14.13	15.17	12.61
Return on Networth / Equity (%)	19.03	22.00	21.75	26.44	19.97
Return on Capital Employeed (%)	24.73	27.61	27.86	33.63	24.78
Return On Assets (%)	15.14	16.61	15.91	18.61	15.16
Total Debt / Equity (X)	0.00	0.00	0.00	0.01	0.01
Asset Turnover Ratio (%)	1.18	1.25	1.21	1.34	1.27
Current Ratio (X)	3.69	3.01	3.14	3.11	3.37
Quick Ratio (X)	2.19	1.85	2.00	2.04	2.11
Inventory Turnover Ratio (X)	2.36	2.67	2.50	2.78	2.55
Dividend Payout Ratio (NP) (%)	19.06	11.96	22.29	0.00	42.41
Dividend Payout Ratio (CP) (%)	16.29	11.12	20.68	0.00	38.01
Earning Retention Ratio (%)	80.94	88.04	77.71	0.00	57.59
Cash Earning Retention Ratio (%)	83.71	88.88	79.32	0.00	61.99
Interest Coverage Ratio (X)	117.41	103.74	92.76	112.41	127.46
Interest Coverage Ratio (Post Tax) (X)	78.46	75.89	66.22	79.16	91.79
Enterprise Value (Cr.)	4658.65	2785.05	3337.74	3220.33	1521.34
EV / Net Operating Revenue (X)	2.65	1.64	2.26	2.32	1.36
EV / EBITDA (X)	12.85	8.61	11.24	10.63	7.67
MarketCap / Net Operating Revenue (X)	2.65	1.64	2.26	2.32	1.37
Retention Ratios (%)	80.93	88.03	77.70	0.00	57.58
Price / BV (X)	3.71	2.62	3.48	4.04	2.18
Price / Net Operating Revenue (X)	2.65	1.64	2.26	2.32	1.37
EarningsYield	0.05	0.08	0.06	0.06	0.09

After reviewing the key financial ratios for Dhanuka Agritech Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 2.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 2.00.
For Basic EPS (Rs.), as of Mar 24, the value is 52.46. This value is within the healthy range. It has increased from 50.35 (Mar 23) to 52.46, marking an increase of 2.11.
For Diluted EPS (Rs.), as of Mar 24, the value is 52.46. This value is within the healthy range. It has increased from 50.35 (Mar 23) to 52.46, marking an increase of 2.11.
For Cash EPS (Rs.), as of Mar 24, the value is 61.36. This value is within the healthy range. It has increased from 55.09 (Mar 23) to 61.36, marking an increase of 6.27.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 275.54. It has increased from 232.85 (Mar 23) to 275.54, marking an increase of 42.69.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 275.54. It has increased from 232.85 (Mar 23) to 275.54, marking an increase of 42.69.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 385.83. It has increased from 373.03 (Mar 23) to 385.83, marking an increase of 12.80.
For PBDIT / Share (Rs.), as of Mar 24, the value is 79.51. This value is within the healthy range. It has increased from 70.96 (Mar 23) to 79.51, marking an increase of 8.55.
For PBIT / Share (Rs.), as of Mar 24, the value is 70.61. This value is within the healthy range. It has increased from 67.10 (Mar 23) to 70.61, marking an increase of 3.51.
For PBT / Share (Rs.), as of Mar 24, the value is 69.94. This value is within the healthy range. It has increased from 66.42 (Mar 23) to 69.94, marking an increase of 3.52.
For Net Profit / Share (Rs.), as of Mar 24, the value is 52.46. This value is within the healthy range. It has increased from 51.23 (Mar 23) to 52.46, marking an increase of 1.23.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 52.46. This value is within the healthy range. It has increased from 51.23 (Mar 23) to 52.46, marking an increase of 1.23.
For PBDIT Margin (%), as of Mar 24, the value is 20.60. This value is within the healthy range. It has increased from 19.02 (Mar 23) to 20.60, marking an increase of 1.58.
For PBIT Margin (%), as of Mar 24, the value is 18.30. This value is within the healthy range. It has increased from 17.98 (Mar 23) to 18.30, marking an increase of 0.32.
For PBT Margin (%), as of Mar 24, the value is 18.12. This value is within the healthy range. It has increased from 17.80 (Mar 23) to 18.12, marking an increase of 0.32.
For Net Profit Margin (%), as of Mar 24, the value is 13.59. This value exceeds the healthy maximum of 10. It has decreased from 13.73 (Mar 23) to 13.59, marking a decrease of 0.14.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 13.59. This value is within the healthy range. It has decreased from 13.73 (Mar 23) to 13.59, marking a decrease of 0.14.
For Return on Networth / Equity (%), as of Mar 24, the value is 19.03. This value is within the healthy range. It has decreased from 22.00 (Mar 23) to 19.03, marking a decrease of 2.97.
For Return on Capital Employeed (%), as of Mar 24, the value is 24.73. This value is within the healthy range. It has decreased from 27.61 (Mar 23) to 24.73, marking a decrease of 2.88.
For Return On Assets (%), as of Mar 24, the value is 15.14. This value is within the healthy range. It has decreased from 16.61 (Mar 23) to 15.14, marking a decrease of 1.47.
For Total Debt / Equity (X), as of Mar 24, the value is 0.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 0.00.
For Asset Turnover Ratio (%), as of Mar 24, the value is 1.18. It has decreased from 1.25 (Mar 23) to 1.18, marking a decrease of 0.07.
For Current Ratio (X), as of Mar 24, the value is 3.69. This value exceeds the healthy maximum of 3. It has increased from 3.01 (Mar 23) to 3.69, marking an increase of 0.68.
For Quick Ratio (X), as of Mar 24, the value is 2.19. This value exceeds the healthy maximum of 2. It has increased from 1.85 (Mar 23) to 2.19, marking an increase of 0.34.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 2.36. This value is below the healthy minimum of 4. It has decreased from 2.67 (Mar 23) to 2.36, marking a decrease of 0.31.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 19.06. This value is below the healthy minimum of 20. It has increased from 11.96 (Mar 23) to 19.06, marking an increase of 7.10.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 16.29. This value is below the healthy minimum of 20. It has increased from 11.12 (Mar 23) to 16.29, marking an increase of 5.17.
For Earning Retention Ratio (%), as of Mar 24, the value is 80.94. This value exceeds the healthy maximum of 70. It has decreased from 88.04 (Mar 23) to 80.94, marking a decrease of 7.10.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 83.71. This value exceeds the healthy maximum of 70. It has decreased from 88.88 (Mar 23) to 83.71, marking a decrease of 5.17.
For Interest Coverage Ratio (X), as of Mar 24, the value is 117.41. This value is within the healthy range. It has increased from 103.74 (Mar 23) to 117.41, marking an increase of 13.67.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 78.46. This value is within the healthy range. It has increased from 75.89 (Mar 23) to 78.46, marking an increase of 2.57.
For Enterprise Value (Cr.), as of Mar 24, the value is 4,658.65. It has increased from 2,785.05 (Mar 23) to 4,658.65, marking an increase of 1,873.60.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 2.65. This value is within the healthy range. It has increased from 1.64 (Mar 23) to 2.65, marking an increase of 1.01.
For EV / EBITDA (X), as of Mar 24, the value is 12.85. This value is within the healthy range. It has increased from 8.61 (Mar 23) to 12.85, marking an increase of 4.24.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 2.65. This value is within the healthy range. It has increased from 1.64 (Mar 23) to 2.65, marking an increase of 1.01.
For Retention Ratios (%), as of Mar 24, the value is 80.93. This value exceeds the healthy maximum of 70. It has decreased from 88.03 (Mar 23) to 80.93, marking a decrease of 7.10.
For Price / BV (X), as of Mar 24, the value is 3.71. This value exceeds the healthy maximum of 3. It has increased from 2.62 (Mar 23) to 3.71, marking an increase of 1.09.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 2.65. This value is within the healthy range. It has increased from 1.64 (Mar 23) to 2.65, marking an increase of 1.01.
For EarningsYield, as of Mar 24, the value is 0.05. This value is below the healthy minimum of 5. It has decreased from 0.08 (Mar 23) to 0.05, marking a decrease of 0.03.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Dhanuka Agritech Ltd as of April 30, 2025 is: 980.41

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.

As of April 30, 2025, Dhanuka Agritech Ltd is Overvalued by 24.82% compared to the current share price 1,304.00

Intrinsic Value of Dhanuka Agritech Ltd as of April 30, 2025 is: 1,042.78

Calculation basis:

Intrinsic 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 intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of April 30, 2025, Dhanuka Agritech Ltd is Overvalued by 20.03% compared to the current share price 1,304.00

Last 5 Year EPS CAGR: 6.36%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 30.17%, which is a positive sign. The company has higher reserves (709.38 cr) compared to borrowings (28.08 cr), indicating strong financial stability. The company has shown consistent growth in sales (368.23 cr) and profit (207.85 cr) over the years.	The stock has a high average Working Capital Days of 126.92, which may not be favorable. The stock has a high average Cash Conversion Cycle of 176.08, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Dhanuka Agritech Ltd:
1. Net Profit Margin: 13.59%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 24.73% (Industry Average ROCE: 13.41%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 19.03% (Industry Average ROE: 16.06%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 78.46
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 2.19
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 21.2 (Industry average Stock P/E: 27.4)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Dhanuka Agritech Ltd. is a Public Limited Listed company incorporated on 13/02/1985 and has its registered office in the State of Haryana, India. Company's Corporate Identification Number(CIN) is L24219HR1985PLC122802 and registration number is 122802. Currently Company is involved in the business activities of Manufacture of insecticides, rodenticides, fungicides, herbicides. Company's Total Operating Revenue is Rs. 1758.54 Cr. and Equity Capital is Rs. 9.12 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Agro Chemicals/Pesticides	Global Gateway Towers, Near Guru Dronacharya Metro Station, Gurugram Haryana 122002	investors@dhanuka.com www.dhanuka.com

Management
Name	Position Held
Mr. Ram Gopal Agarwal	Chairman
Mr. Mahendra Kumar Dhanuka	Vice Chairman & Mng.Director
Mr. Rahul Dhanuka	Joint Managing Director
Mr. Harsh Dhanuka	Executive Director
Mr. Ashish Saraf	Executive Director
Mr. Manish Dhanuka	Non Executive Director
Mr. Sachin Kumar Bhartiya	Independent Director
Mr. Sanjay Saxena	Independent Director
Ms. Namrata Gupta	Independent Director
Mr. Bajrang Lal Bajaj	Independent Director
Mr. Siraj Azmat Chaudhry	Independent Director
Mr. Satish Kumar Gupta	Addnl.Independent Director

FAQ

What is the intrinsic value of Dhanuka Agritech Ltd?

Dhanuka Agritech Ltd's intrinsic value (as of 30 April 2025) is ₹980.41 — 24.82% lower the current market price of 1,304.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 5,945 Cr. market cap, FY2025-2026 high/low of ₹1,926/1,092, reserves of 1,263 Cr, and liabilities of 1,824 Cr.

What is the Market Cap of Dhanuka Agritech Ltd?

The Market Cap of Dhanuka Agritech Ltd is 5,945 Cr..

What is the current Stock Price of Dhanuka Agritech Ltd as on 30 April 2025?

The current stock price of Dhanuka Agritech Ltd as on 30 April 2025 is 1,304.

What is the High / Low of Dhanuka Agritech Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Dhanuka Agritech Ltd stocks is ₹1,926/1,092.

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

The Stock P/E of Dhanuka Agritech Ltd is 21.2.

What is the Book Value of Dhanuka Agritech Ltd?

The Book Value of Dhanuka Agritech Ltd is 279.

What is the Dividend Yield of Dhanuka Agritech Ltd?

The Dividend Yield of Dhanuka Agritech Ltd is 1.07 %.

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.