Dhanuka Agritech Q1: Pricing Pressure To Ease In Coming Months? | MK Dhanuka Share Insights | ET Now

With the industry poised for a potential rebound, the company appears well-positioned to capitalise on growth, says the brokerage.

Dhanuka Agritech Q1 Review - Stellar Show; New Products, Favorable Monsoon To Drive Growth: Axis Securities

Agrochemicals company Dhanuka Agritech on Friday reported a 48.45 per cent growth in profit after tax to Rs 48.90 crore during the June 2024 quarter.

Dhanuka Agritech Q1 results: Net profit rises 48% to Rs 48.9 crore

The record date to determine shareholders who are eligible to participate in the buyback has been set as Aug. 16, 2024.

Dhanuka Agritech Approves Rs 100-Crore Buyback

Dhanuka Agritech revealed a Rs 100 crore share buyback at Rs 2,000 per share, prompting a 5% rise in share price to Rs 1,828.30. The buyback covers 1.10% of equity shares, with an August 16 record date. Additionally, the company reported a 49% YoY increase in PAT for Q1FY25.

Multibagger smallcap stock announces Rs 100 crore buyback, shares up 5%

Dhanuka Agritech consolidated net profit rises 48.45% in the June 2024 quarter

Dhanuka Agritech standalone net profit rises 48.45% in the June 2024 quarter

What’s In Store For Dhanuka Agritech In FY25? | NDTV Profit

The company expects double-digit growth in revenue for FY24 and FY25.

Dhanuka Agritech Q2 Results Review - Stellar Performance; Innovation Products To Drive Growth: Axis Securities

Prabhudas Lilladher is bullish on Dhanuka Agritech has recommended buy rating on the stock with a target price of Rs 950 in its research report dated August 02, 2023.

Buy Dhanuka Agritech; target of Rs 950: Prabhudas Lilladher

Revenue from operations declined 6 percent to Rs 369 crore year-on-year in Q1FY24.

Dhanuka Agritech’s net profit falls 32% to Rs 32.9 crore in Q1

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Dhanuka Agritech Limited is engaged in formulation and marketing of plant protection agro-chemicals, including insecticides, herbicides, fungicides and plant growth regulators. The Company's brand portfolio consists of over 80 products.