Dhanuka Agritech Limited

BSE:507717 Stock Report

Market Cap: ₹48.6b

Dhanuka Agritech Management

Management criteria checks 3/4

Dhanuka Agritech's CEO is Rahul Dhanuka, appointed in Aug 2024, has a tenure of 1.75 years. total yearly compensation is ₹74.80M, comprised of 18.3% salary and 81.7% bonuses, including company stock and options. directly owns 0.56% of the company’s shares, worth ₹273.35M. The average tenure of the management team and the board of directors is 3.3 years and 7 years respectively.

Key information

Rahul Dhanuka

Chief executive officer

₹74.8m

Total compensation

CEO salary percentage18.32%
CEO tenure1.8yrs
CEO ownership0.6%
Management average tenure3.3yrs
Board average tenure7yrs

Recent management updates

Recent updates

507717: Upcoming Governance And Earnings Dates Will Support Future Upside Confidence

Analysts have trimmed their price target on Dhanuka Agritech slightly from ₹1,438.50 to ₹1,426.00, reflecting updated assumptions around the discount rate, revenue growth, profit margin, and forward P/E. What's in the News Special or Extraordinary Shareholders Meeting scheduled via postal ballot in India on Mar 19, 2026, to consider appointing Mr. Sanjiv Goel (DIN: 03616090) as an Independent Director for a first term of 5 years (company filing).

507717: Upcoming Governance And Earnings Dates Will Support Upside Confidence

Analysts have kept their price target for Dhanuka Agritech steady at around ₹1,438, reflecting largely unchanged views on fair value, discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News Dhanuka Agritech has scheduled a Special or Extraordinary Shareholders Meeting via postal ballot in India on March 19, 2026, to consider appointing Mr. Sanjiv Goel (DIN: 03616090) as an Independent Director for a first term of 5 years (Key Developments).

507717: Upcoming Meetings Will Reinforce Confidence In Sustained Upside Potential

Analysts have kept the price target for Dhanuka Agritech broadly steady at around ₹1,438, with only minor model tweaks to the discount rate and the assumed future P/E driving the small change. What's in the News A Special or Extraordinary shareholders meeting is scheduled via postal ballot in India on Mar 19, 2026, to consider appointing Mr. Sanjiv Goel (DIN: 03616090) as an independent director for a first term of 5 years (company filing).

507717: Upcoming Meetings Will Support Confidence In Long-Term Upside Potential

Analysts have maintained their ₹1,438.50 price target for Dhanuka Agritech and made only minor adjustments to their assumptions on discount rate, revenue growth, profit margin and future P/E. These limited changes suggest that their overall valuation framework remains broadly consistent with earlier assessments.

Rural Distribution And Biostimulant Tailwinds Will Support A Stronger Long Term Outlook

Catalysts About Dhanuka Agritech Dhanuka Agritech is an Indian agrochemical company supplying crop protection and allied products to farmers across major agricultural regions in India. What are the underlying business or industry changes driving this perspective?

507717: Upcoming Board And Shareholder Meetings Will Support Long-Term Upside Potential

Analysts have revised their price target on Dhanuka Agritech from ₹1,571.75 to ₹1,438.50, reflecting updated assumptions around the discount rate, expected revenue growth, profit margin and future P/E multiples. What's in the News Dhanuka Agritech has scheduled a Board Meeting on Feb 05, 2026, at 13:00 Indian Standard Time to consider and approve the financial results for the quarter and nine months ended Dec 31, 2025 (Key Developments).

Dahej Ramp Up Risks And Regulatory Setbacks Will Eventually Support A Stronger Business

Catalysts About Dhanuka Agritech Dhanuka Agritech is an Indian agrochemical company supplying crop protection products and related offerings to farmers across major agricultural regions. What are the underlying business or industry changes driving this perspective?

507717: Stable Assumptions And Upcoming Results Will Support Long-Term Upside Potential

Analysts have kept their price target for Dhanuka Agritech unchanged at ₹1,571.75, citing broadly consistent assumptions for the discount rate, revenue growth, profit margin and future P/E in their refreshed model. What's in the News Dhanuka Agritech has scheduled a board meeting on Feb 05, 2026.

507717: Higher Margin Outlook Will Support Long-Term Upside Potential

Analysts have trimmed their price target for Dhanuka Agritech by ₹35 to ₹1,571.75. This reflects updated views on slightly lower revenue growth assumptions, a modestly higher discount rate, and a small adjustment to future P/E expectations, partly offset by a marginally higher profit margin outlook.

507717: Nagpur Plant Land Purchase Will Support Long-Term Upside Potential

Analysts have kept their price target for Dhanuka Agritech unchanged at ₹1,606.75, with only minor tweaks to inputs such as the discount rate, revenue growth, profit margin, and future P/E assumptions guiding their view. What's in the News Board meeting scheduled on Oct 31, 2025 at 11:00 Indian Standard Time to review and approve financial results for the quarter and half year ended Sep 30, 2025 (company filing).

507717: Nagpur Formulation Plant Expansion Will Drive Long-Term Upside Potential

Analysts have nudged their fair value estimate for Dhanuka Agritech down slightly from ₹1,638 to about ₹1,607 per share, reflecting tempered revenue growth expectations, partially offset by a modestly higher projected profit margin and a slightly lower assumed future P E multiple. What's in the News Board meeting scheduled on October 31, 2025, at 11:00 IST to review financial results for the quarter and half year ended September 30, 2025 (company filing) Board to consider purchase of land in Nagpur, Maharashtra, for setting up a new formulation plant, indicating planned capacity expansion (company filing) Outcome of the October 31, 2025 board meeting expected to provide clarity on near term growth, capex, and margin trajectory (company filing) Valuation Changes The fair value estimate was reduced slightly from ₹1,638 to about ₹1,607 per share, reflecting marginally softer assumptions.

507717: Upcoming Nagpur Plant And Board Actions Will Fuel Long-Term Momentum

Analysts have maintained their fair value estimate for Dhanuka Agritech at ₹1,638, citing stable projections for growth and profitability despite minor adjustments in underlying assumptions. What's in the News Dhanuka Agritech will hold a Board Meeting on October 31, 2025, at 11:00 Indian Standard Time (Board Meeting announcement).

507717: New Formulation Plant Decision Will Drive Next Wave Of Expansion

Analysts have lowered their price target for Dhanuka Agritech from ₹1,779.88 to ₹1,638.00. This reflects tempered expectations for future revenue growth and profit margins.

507717: New Nagpur Plant And Higher Margins Will Drive Future Upside

Analysts have revised their price target for Dhanuka Agritech downward from ₹1,875 to ₹1,779.88. This adjustment reflects updated projections in revenue growth and profit margins, as well as a slightly reduced future valuation multiple.

Improved Monsoon Trends And Capacity Expansion Will Drive Agrochemicals Demand

With both the discount rate and future P/E essentially unchanged, analysts maintained Dhanuka Agritech’s fair value at ₹1875. What's in the News Board meeting scheduled to consider and approve financial results for the quarter ended 30 June, 2025.
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Acquiring Rights To Iprovalicarb And Triadimenol Will Open International Markets

International expansion and product innovation could boost revenue through new market entry, geographic diversification, and premium pricing for unique solutions.

CEO Compensation Analysis

How has Rahul Dhanuka's remuneration changed compared to Dhanuka Agritech's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2025n/an/a

₹3b

Sep 30 2025n/an/a

₹3b

Jun 30 2025n/an/a

₹3b

Mar 31 2025₹75m₹14m

₹3b

Dec 31 2024n/an/a

₹3b

Sep 30 2024n/an/a

₹3b

Jun 30 2024n/an/a

₹3b

Mar 31 2024₹64m₹13m

₹2b

Dec 31 2023n/an/a

₹2b

Sep 30 2023n/an/a

₹2b

Jun 30 2023n/an/a

₹2b

Mar 31 2023₹50m₹11m

₹2b

Dec 31 2022n/an/a

₹2b

Sep 30 2022n/an/a

₹2b

Jun 30 2022n/an/a

₹2b

Mar 31 2022₹45m₹8m

₹2b

Dec 31 2021n/an/a

₹2b

Sep 30 2021n/an/a

₹2b

Jun 30 2021n/an/a

₹2b

Mar 31 2021₹46m₹8m

₹2b

Dec 31 2020n/an/a

₹2b

Sep 30 2020n/an/a

₹2b

Jun 30 2020n/an/a

₹2b

Mar 31 2020₹32m₹8m

₹1b

Compensation vs Market: Rahul's total compensation ($USD788.54K) is above average for companies of similar size in the Indian market ($USD267.40K).

Compensation vs Earnings: Rahul's compensation has been consistent with company performance over the past year.

CEO

Rahul Dhanuka (50 yo)

1.8yrs
Tenure
₹74,800,000
Compensation

Mr. Rahul Dhanuka is Director of Dhanuka Laboratories Limited from March 2, 1999. Mr. Dhanuka serves as Managing Director at Dhanuka Agritech Limited since August 3, 2024 and has been its Executive Directo...

Leadership Team

NamePositionTenureCompensationOwnership
Mahendra Dhanuka
Executive Chairman41.3yrs₹65.70m0.12%
₹ 59.0m
Rahul Dhanuka
MD & Executive Director1.8yrs₹74.80m0.56%
₹ 273.4m
Harsh Dhanuka
Executive Director of Alliances & Supply Chain and Executive Director3.3yrs₹49.90m0.12%
₹ 60.6m
Ashish Saraf
Executive Non-Independent Directorno data₹3.20mno data
Pawan Saraogi
President & National Sales Headno datano datano data
Vinod Bansal
Chief Financial Officerno data₹17.30mno data
Manik Gole
VP of Operations and Head of Manufacturing & Supply Chain3.8yrsno datano data
Rajesh Sahni
VP & Legal Headno datano datano data
Jitin Sadana
Company Secretary & Compliance Officer6.3yrsno datano data
Anupam Pal
VP & National Marketing Headno datano datano data
Pankaj Pradeep
Vice President of HR2.2yrsno datano data
Krishnakumar Kejariwal
President of Manufacturing Units & Factory Headno data₹8.84mno data
3.3yrs
Average Tenure
57yo
Average Age

Experienced Management: 507717's management team is considered experienced (3.3 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Mahendra Dhanuka
Executive Chairman41.3yrs₹65.70m0.12%
₹ 59.0m
Rahul Dhanuka
MD & Executive Director24.3yrs₹74.80m0.56%
₹ 273.4m
Harsh Dhanuka
Executive Director of Alliances & Supply Chain and Executive Director7yrs₹49.90m0.12%
₹ 60.6m
Ashish Saraf
Executive Non-Independent Director9.2yrs₹3.20mno data
Ram Agarwal
Chairman Emeritus1.8yrs₹23.00m0.33%
₹ 158.5m
Sanjiv Goel
Additional Independent Directorless than a yearno datano data
Sanjay Saxena
Non-Executive Independent Director8yrs₹620.00kno data
Bajrang Bajaj
Non-Executive Independent Director7yrs₹350.00kno data
Namrata Gupta
Non-Executive Independent Director7yrs₹350.00kno data
Manish Dhanuka
Non-Executive Non-Independent Director2.5yrs₹320.00k0.58%
₹ 283.8m
Satish Gupta
Non Executive Independent Director2yrs₹500.00kno data
7.0yrs
Average Tenure
57yo
Average Age

Experienced Board: 507717's board of directors are considered experienced (7 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/02 11:38
End of Day Share Price 2026/04/30 00:00
Earnings2025/12/31
Annual Earnings2025/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Dhanuka Agritech Limited is covered by 19 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null null360 ONE Capital Market Private Limited
null nullAnand Rathi Shares and Stock Brokers Limited
Himanshu BinaniAnand Rathi Shares and Stock Brokers Limited