DHANUKA

Dhanuka Agritech Limited

Crop protection formulations company selling insecticides, herbicides and fungicides

Commodities›Chemicals›Fertilizers & Agrochemicals›Pesticides & Agrochemicals

dhanuka.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹868.50
Market cap
3,872 Cr
Stock P/E
14.4
P/B
2.33
Dividend yield
0.2%
ROE (FY25)
21.2%
ROCE (FY25)
27.5%
Operating margin (FY25)
17.7%
Debt / equity (FY25)
0.03
OCF / EBITDA (FY26)
48.6%
OCF / EBITDA (3Y)
51.7%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Dhanuka Agritech makes and sells crop-protection products for Indian farmers, mainly herbicides, insecticides and fungicides, along with plant-nutrition products.

Company snapshot

7thBy market cap

Ranked among 23 companies in Pesticides & Agrochemicals.

What we see

Positives
  • ✓Debt-to-equity of 0.03x — the company is largely funded by its own money, not borrowed funds.
2 more signals from the filings.Sign in free to see them all

Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales618 Cr403 Cr368 Cr494 Cr654 Cr445 Cr442 Cr528 Cr598 Cr410 Cr483 Cr462 Cr
Operating expenses (approx.)476 Cr341 Cr288 Cr422 Cr495 Cr370 Cr332 Cr445 Cr462 Cr351 Cr358 Cr407 Cr
EBITDA142 Cr62 Cr80 Cr72 Cr160 Cr76 Cr110 Cr83 Cr137 Cr59 Cr125 Cr55 Cr
OPM %22.9%15.4%21.7%14.5%24.4%17.0%24.8%15.7%22.9%14.3%25.8%11.9%
Other income6 Cr7 Cr15 Cr7 Cr11 Cr7 Cr11 Cr8 Cr6 Cr8 Cr21 Cr9 Cr
Interest0.76 Cr0.74 Cr0.70 Cr0.83 Cr1 Cr1 Cr2 Cr1 Cr0.82 Cr0.80 Cr0.79 Cr0.81 Cr
Depreciation10 Cr13 Cr13 Cr12 Cr13 Cr13 Cr17 Cr15 Cr16 Cr16 Cr16 Cr14 Cr
Profit before tax137 Cr56 Cr81 Cr66 Cr157 Cr68 Cr102 Cr75 Cr126 Cr50 Cr128 Cr49 Cr
Tax %25.6%18.7%27.6%25.6%25.0%19.1%25.7%25.5%25.4%19.6%23.8%25.3%
Net profit102 Cr45 Cr59 Cr49 Cr118 Cr55 Cr76 Cr56 Cr94 Cr40 Cr98 Cr36 Cr
EPS (₹)₹22.33₹9.95₹12.95₹10.73₹25.83₹12.25₹16.74₹12.31₹20.85₹8.87₹21.69₹8.06

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,001 Cr976 Cr1,006 Cr1,120 Cr1,387 Cr1,478 Cr1,700 Cr1,759 Cr2,035 Cr2,020 CrSign in free for the trailing twelve months
Operating expenses (approx.)831 Cr810 Cr860 Cr947 Cr1,118 Cr1,214 Cr1,422 Cr1,431 Cr1,619 Cr1,616 CrSign in free for the trailing twelve months
EBITDA170 Cr166 Cr146 Cr173 Cr269 Cr263 Cr279 Cr327 Cr417 Cr403 CrSign in free for the trailing twelve months
OPM %17.0%17.0%14.5%15.5%19.4%17.8%16.4%18.6%20.5%20.0%Sign in free for the trailing twelve months
Other income18 Cr16 Cr21 Cr25 Cr34 Cr34 Cr45 Cr35 Cr36 Cr43 CrSign in free for the trailing twelve months
Interest0.99 Cr0.87 Cr0.89 Cr2 Cr3 Cr3 Cr3 Cr3 Cr5 Cr4 CrSign in free for the trailing twelve months
Depreciation15 Cr14 Cr12 Cr16 Cr15 Cr16 Cr18 Cr41 Cr55 Cr64 CrSign in free for the trailing twelve months
Profit before tax172 Cr167 Cr154 Cr181 Cr285 Cr277 Cr303 Cr319 Cr392 Cr379 CrSign in free for the trailing twelve months
Tax %29.0%24.4%26.9%21.7%26.1%24.8%22.9%25.0%24.3%24.1%Sign in free for the trailing twelve months
Net profit122 Cr126 Cr113 Cr141 Cr211 Cr209 Cr234 Cr239 Cr297 Cr287 CrSign in free for the trailing twelve months
EPS (₹)₹24.37₹25.71₹23.02₹29.73₹44.61₹44.82₹50.35₹52.46₹65.55₹63.72Sign in free for the trailing twelve months
Dividend payout %————0.0%22.3%12.0%19.1%9.2%3.1%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital10 Cr10 Cr10 Cr10 Cr9 Cr9 Cr9 Cr9 Cr9 Cr9 Cr
Reserves512 Cr624 Cr633 Cr698 Cr787 Cr951 Cr1,052 Cr1,247 Cr1,394 Cr1,673 Cr
Borrowings8 Cr5 Cr22 Cr8 Cr8 Cr0.96 Cr4 Cr0.47 Cr42 Cr0.90 Cr
Other liabilities185 Cr185 Cr171 Cr217 Cr326 Cr351 Cr340 Cr323 Cr355 Cr419 Cr
Total liabilities715 Cr823 Cr835 Cr932 Cr1,131 Cr1,312 Cr1,405 Cr1,579 Cr1,800 Cr2,102 Cr
Fixed assets (net)135 Cr128 Cr114 Cr115 Cr165 Cr157 Cr163 Cr321 Cr328 Cr307 Cr
CWIP0.44 Cr0.08 Cr0.99 Cr4 Cr8 Cr48 Cr153 Cr28 Cr9 Cr12 Cr
Investments66 Cr182 Cr120 Cr159 Cr278 Cr336 Cr255 Cr256 Cr246 Cr386 Cr
Loans & advances———31 Cr40 Cr0.73 Cr0.47 Cr26 Cr14 Cr4 Cr
Inventories264 Cr205 Cr207 Cr250 Cr296 Cr347 Cr345 Cr418 Cr399 Cr517 Cr
Trade receivables184 Cr208 Cr219 Cr242 Cr243 Cr282 Cr339 Cr347 Cr459 Cr441 Cr
Cash & bank4 Cr11 Cr0.45 Cr25 Cr0.61 Cr1 Cr3 Cr0.51 Cr0.57 Cr19 Cr
Other assets61 Cr89 Cr174 Cr106 Cr102 Cr139 Cr146 Cr183 Cr346 Cr416 Cr
Total assets715 Cr823 Cr835 Cr932 Cr1,131 Cr1,312 Cr1,405 Cr1,579 Cr1,800 Cr2,102 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity63 Cr138 Cr13 Cr162 Cr231 Cr104 Cr136 Cr134 Cr263 Cr196 Cr
Cash from investing20 Cr-112 Cr63 Cr-44 Cr-127 Cr-43 Cr3 Cr-81 Cr-143 Cr-118 Cr
Cash from financing-81 Cr-20 Cr-87 Cr-93 Cr-129 Cr-61 Cr-137 Cr-57 Cr-120 Cr-60 Cr
Net cash flow3 Cr7 Cr-10 Cr25 Cr-25 Cr0.86 Cr2 Cr-3 Cr0.06 Cr18 Cr
Free cash flow (OCF − Capex)43 Cr131 Cr7 Cr148 Cr218 Cr44 Cr12 Cr45 Cr69 Cr168 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
ROCE %32.6%26.3%23.3%25.4%35.8%29.2%28.7%25.6%27.5%
ROE %23.4%19.9%17.5%20.0%26.4%21.8%22.0%19.0%21.2%
Debtor days677879796470737282
Inventory days214193138157142157136169141
Days payable467852715279696149
Cash conversion cycle235192165165154148139181173
OCF / EBITDA %37.2%83.4%9.1%93.5%85.9%39.6%48.9%41.1%63.0%
OCF / EBITDA % (3 years)——44.6%64.7%69.1%70.5%58.1%43.1%52.1%
Debt / equity0.020.00740.030.010.010.00100.00360.00040.03
Current ratio3.413.833.643.373.113.143.013.693.29
Net debt / EBITDA0.03—0.15-0.100.03-0.00200.0012-0.00010.10