Dhanuka Agritech manufactures a wide range of agro-chemicals like herbicides, insecticides, fungicides, plant growth regulators in various forms liquid, dust, powder and granules.(Source : 202003 Annual Report Page No:93)
Product Portfolio[1]The Co. has 300+ product registrations across Herbicides, Insecticides, Fungicides, and Plant growth regulators. It has ~90 Products across all segments.Revenue Split Q2FY26[2]Insecticides: 46%Fungicides: 29%Herbicides: 9%Others: 16%
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | UPL | 792.00 | 28.15 | 66786.57 | 0.76 | 612.00 | 209.91 | 12019.00 | 8.38 | 7.66 | 47715.00 | 17.15 | 2372.46 | 484.10 | 2.09 | 0.95 | 0.94 |
| 2. | P I Industries | 3270.30 | 32.84 | 49682.87 | 0.49 | 409.30 | -19.46 | 1872.30 | -15.70 | 22.86 | 7460.70 | 27.18 | 1512.50 | 409.30 | 4.58 | 14.46 | 0.02 |
| 3. | Sumitomo Chemi. | 431.05 | 39.77 | 21493.19 | 0.28 | 177.90 | -6.78 | 914.44 | -5.86 | 25.14 | 3249.74 | 20.16 | 540.43 | 177.90 | 6.74 | 13.91 | 0.02 |
| 4. | Bayer Crop Sci. | 4388.00 | 32.39 | 19721.93 | 2.85 | 152.70 | 12.03 | 1553.40 | -10.60 | 24.80 | 5571.80 | 13.37 | 608.90 | 152.70 | 6.31 | 11.56 | 0.03 |
| 5. | Sharda Cropchem | 826.25 | 16.48 | 7448.63 | 1.09 | 74.35 | 75.22 | 929.11 | 19.59 | 16.50 | 4671.78 | 16.40 | 451.81 | 74.31 | 2.79 | 6.84 | 0.00 |
| 6. | Dhanuka Agritech | 1071.10 | 17.24 | 4827.01 | 0.19 | 93.97 | -20.04 | 598.25 | -8.56 | 28.29 | 2013.83 | 20.12 | 280.01 | 93.97 | 3.13 | 17.27 | 0.02 |
| 7. | Rallis India | 243.50 | 27.70 | 4730.55 | 1.02 | 102.00 | -0.39 | 861.00 | -7.22 | 10.12 | 2770.00 | 11.84 | 170.77 | 97.62 | 2.30 | 4.15 | 0.03 |
| – | Median: 23 Co. | 243.5 | 28.49 | 1865.32 | 0.19 | 19.46 | 4.58 | 456.94 | 5.76 | 13.04 | 1374.5 | 11.41 | 39.66 | 19.21 | 2.3 | 5.4 | 0.27 |
Standalone figures in ₹ crores
| Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 543 | 393 | 371 | 369 | 618 | 403 | 368 | 494 | 654 | 445 | 442 | 528 | 598 |
Expenses | 445 | 342 | 293 | 325 | 476 | 341 | 288 | 422 | 495 | 370 | 332 | 445 | 462 |
Operating Profit | 98 | 52 | 78 | 44 | 142 | 62 | 80 | 72 | 160 | 76 | 110 | 83 | 137 |
Other Income | 6 | 8 | 15 | 7 | 6 | 7 | 15 | 7 | 11 | 7 | 11 | 8 | 6 |
Profit before tax | 98 | 54 | 87 | 45 | 137 | 56 | 81 | 66 | 157 | 68 | 102 | 75 | 126 |
Tax % | 25% | 15% | 25% | 26% | 26% | 19% | 28% | 26% | 25% | 19% | 26% | 26% | 25% |
Net Profit | 73 | 46 | 65 | 33 | 102 | 45 | 59 | 49 | 118 | 55 | 76 | 56 | 94 |
EPS in Rs | 15.68 | 9.89 | 14.33 | 7.23 | 22.33 | 9.95 | 12.95 | 10.73 | 26.07 | 12.21 | 16.75 | 12.31 | 20.85 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 738 | 785 | 829 | 883 | 963 | 1,006 | 1,120 | 1,387 | 1,478 | 1,700 | 1,759 | 2,035 | 2,014 |
Expenses | 618 | 653 | 689 | 713 | 796 | 860 | 946 | 1,118 | 1,214 | 1,421 | 1,431 | 1,619 | 1,609 |
Operating Profit | 121 | 132 | 140 | 170 | 166 | 146 | 174 | 269 | 264 | 279 | 327 | 417 | 405 |
Other Income | 5 | 6 | 13 | 18 | 16 | 21 | 25 | 34 | 34 | 45 | 35 | 36 | 33 |
Interest | 4 | 3 | 1 | 1 | 1 | 1 | 2 | 3 | 3 | 3 | 3 | 5 | 5 |
Depreciation | 5 | 6 | 6 | 15 | 14 | 12 | 16 | 15 | 16 | 18 | 41 | 55 | 62 |
Profit before tax | 116 | 129 | 145 | 172 | 167 | 154 | 181 | 285 | 277 | 303 | 319 | 392 | 370 |
Net Profit | 93 | 106 | 107 | 122 | 126 | 113 | 141 | 211 | 209 | 234 | 239 | 297 | 280 |
EPS in Rs | 18.62 | 21.21 | 21.45 | 24.83 | 25.71 | 23.66 | 29.73 | 45.21 | 44.82 | 51.23 | 52.46 | 65.88 | 62.12 |
Dividend Payout % | 21% | 6% | 30% | 2% | 21% | 3% | 40% | 4% | 31% | 4% | 27% | 3% | – |
Standalone figures in ₹ crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 10 | 3 | 10 | 10 | 10 | 10 | 10 | 9 | 9 | 9 | 9 | 9 | 9 |
Reserves | 322 | 410 | 470 | 512 | 624 | 633 | 698 | 787 | 951 | 1,052 | 1,247 | 1,394 | 1,534 |
Borrowings | 39 | 16 | 8 | 8 | 5 | 22 | 8 | 48 | 32 | 34 | 27 | 74 | 32 |
Other Liabilities | 145 | 166 | 169 | 185 | 185 | 171 | 217 | 286 | 320 | 310 | 296 | 323 | 454 |
Total Liabilities | 517 | 594 | 657 | 715 | 823 | 835 | 932 | 1,131 | 1,312 | 1,405 | 1,579 | 1,800 | 2,029 |
Fixed Assets | 67 | 70 | 133 | 138 | 131 | 117 | 117 | 167 | 159 | 165 | 338 | 504 | 484 |
Gross Block | 99 | 107 | 175 | 153 | 160 | 155 | 171 | 230 | 234 | 255 | 461 | 680 | – |
Accumulated Depreciation | 32 | 37 | 42 | 15 | 29 | 38 | 53 | 64 | 75 | 90 | 123 | 175 | – |
CWIP | 22 | 38 | 0 | 0 | 0 | 1 | 4 | 8 | 48 | 153 | 28 | 9 | 11 |
Investments | 1 | 47 | 92 | 66 | 182 | 120 | 159 | 278 | 336 | 255 | 240 | 230 | 221 |
Other Assets | 427 | 438 | 431 | 510 | 510 | 597 | 652 | 679 | 769 | 833 | 973 | 1,057 | 1,313 |
Total Assets | 517 | 594 | 657 | 715 | 823 | 835 | 932 | 1,131 | 1,312 | 1,405 | 1,579 | 1,800 | 2,029 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | 33 | 110 | 140 | 63 | 138 | 13 | 162 | 231 | 104 | 136 | 134 | 263 |
Cash from Investing Activity | -19 | -70 | -66 | 20 | -111 | 63 | -44 | -127 | -43 | 3 | -81 | -143 |
Cash from Financing Activity | -17 | -38 | -76 | -81 | -20 | -87 | -93 | -129 | -61 | -137 | -57 | -120 |
Net Cash Flow | -3 | 2 | -2 | 3 | 7 | -10 | 25 | -25 | 1 | 2 | -3 | 0 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 84 | 90 | 82 | 76 | 79 | 79 | 79 | 64 | 70 | 73 | 72 | 82 |
Inventory Days | 168 | 161 | 125 | 222 | 147 | 137 | 141 | 137 | 148 | 123 | 155 | 129 |
Days Payable | 38 | 52 | 46 | 48 | 60 | 51 | 64 | 50 | 74 | 62 | 56 | 45 |
Cash Conversion Cycle | 214 | 199 | 160 | 250 | 166 | 165 | 156 | 151 | 143 | 133 | 172 | 166 |
Working Capital Days | 118 | 113 | 112 | 138 | 122 | 145 | 125 | 103 | 112 | 107 | 140 | 121 |
ROCE % | 36% | 33% | 31% | 34% | 29% | 23% | 26% | 36% | 30% | 27% | 27% | 28% |
Direct from BSE filings, auto-summarised
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