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    Dhanuka Agritech Limited

    Leading Indian agrochemical company manufacturing crop-protection formulations for 10M+ farmers pan-India.

    Chemicals
    Commodities
    View DHANUKA earnings calls
    ₹1,017.4
    -6.14% from avg

    Overview

    Price

    ₹1,017.4

    Market Cap

    ₹4.5k Cr

    Sector

    Chemicals

    Commodities

    Rank

    2

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY18FY19FY20FY21FY22FY23FY24FY25TTM
    LiabilitiesEquity Capital101010999999
    Reserves6246336987879511.1k1.2k1.4k1.7k
    Borrowings5228483234277431
    Other Liabilities185171217286320310296323390
    Total Liabilities8238359321.1k1.3k1.4k1.6k1.8k2.1k
    AssetsFixed Assets131117117167159165338504467
    CWIP01484815328912
    Investments182120159278336255240230371
    Other Assets5105976526797698339731.1k1.3k
    Total Assets8238359321.1k1.3k1.4k1.6k1.8k2.1k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY18FY19FY20FY21FY22FY23FY24FY25
    ActivitiesCash from Operating13813162231104136134263
    Cash from Investing-11163-44-127-433-81-143
    Cash from Financing-20-87-93-129-61-137-57-120
    SummaryCapital Expenditure
    Free Cash Flow131915221946364674
    FCF Margin

    Valuation

    Assumptions

    Current — DHANUKA
    Price
    ₹1,017
    EPS (TTM)
    ₹63.72
    PE (TTM)
    16.0
    Profit growth
    7.3%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (19.7×) and current (16.0×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹1,017
    vs
    Fair value · 15% return
    ₹616
    39%Overvalued

    At 7.3% growth and a 16× exit, ₹1017 only delivers your return if you pay ₹616. The price is currently baking in 18% growth.

    EPS grows 7.3%/yr for 5 years, then fades to 6% over 2, exits at 16×.

    YearGrowthEPS (₹)
    FY277.3%68.37
    FY287.3%73.36
    FY297.3%78.72
    FY307.3%84.46
    FY317.3%90.63
    FY326.7% ·fade96.66
    FY336.0% ·fade102.46

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

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