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DHAN

Dhanuka Agritech NSEI:DHANUKA Stock Report

Last Price

₹693.40

Market Cap

₹32.4b

7D

-0.4%

1Y

-27.8%

Updated

24 Jun, 2022

Data

Company Financials +
DHANUKA fundamental analysis
Snowflake Score
Valuation3/6
Future Growth2/6
Past Performance2/6
Financial Health6/6
Dividends3/6

DHANUKA Stock Overview

Dhanuka Agritech Limited manufactures and sells a range of agro-chemicals for plant protection in India.

Rewards

Price-To-Earnings ratio (15.5x) is below the Indian market (19.4x)

Earnings are forecast to grow 9.8% per year

Risk Analysis

High level of non-cash earnings

Dividend of 1.73% is not well covered by earnings


Dhanuka Agritech Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Dhanuka Agritech
Historical stock prices
Current Share Price₹693.40
52 Week High₹1,053.90
52 Week Low₹662.75
Beta1.25
1 Month Change-1.99%
3 Month Change-1.83%
1 Year Change-27.81%
3 Year Change61.24%
5 Year Change-17.44%
Change since IPO678.66%

Recent News & Updates

Shareholder Returns

DHANUKAIN ChemicalsIN Market
7D-0.4%-0.4%0.1%
1Y-27.8%-2.6%-1.7%

Return vs Industry: DHANUKA underperformed the Indian Chemicals industry which returned -2.6% over the past year.

Return vs Market: DHANUKA underperformed the Indian Market which returned -1.7% over the past year.

Price Volatility

Is DHANUKA's price volatile compared to industry and market?
DHANUKA volatility
DHANUKA Average Weekly Movement4.1%
Chemicals Industry Average Movement6.8%
Market Average Movement6.9%
10% most volatile stocks in IN Market9.8%
10% least volatile stocks in IN Market4.5%

Stable Share Price: DHANUKA is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: DHANUKA's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1985941Mahendra Dhanukahttps://www.dhanuka.com

Dhanuka Agritech Limited manufactures and sells a range of agro-chemicals for plant protection in India. It offers herbicides, insecticides, fungicides, and plant growth regulators in various forms, such as liquid, dust, powder, and granules. The company also generates electricity.

Dhanuka Agritech Fundamentals Summary

How do Dhanuka Agritech's earnings and revenue compare to its market cap?
DHANUKA fundamental statistics
Market Cap₹32.36b
Earnings (TTM)₹2.09b
Revenue (TTM)₹14.78b

15.5x

P/E Ratio

2.2x

P/S Ratio

Is DHANUKA overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
DHANUKA income statement (TTM)
Revenue₹14.78b
Cost of Revenue₹9.39b
Gross Profit₹5.39b
Other Expenses₹3.30b
Earnings₹2.09b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)44.85
Gross Margin36.45%
Net Profit Margin14.14%
Debt/Equity Ratio0.1%

How did DHANUKA perform over the long term?

See historical performance and comparison

Dividends

1.7%

Current Dividend Yield

31%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is DHANUKA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for DHANUKA?

Other financial metrics that can be useful for relative valuation.

DHANUKA key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.1x
Enterprise Value/EBITDA11.6x
PEG Ratio1.6x

Price to Earnings Ratio vs Peers

How does DHANUKA's PE Ratio compare to its peers?

DHANUKA PE Ratio vs Peers
The above table shows the PE ratio for DHANUKA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average20.1x

Price-To-Earnings vs Peers: DHANUKA is good value based on its Price-To-Earnings Ratio (15.5x) compared to the peer average (20.1x).

Price to Earnings Ratio vs Industry

How does DHANUKA's PE Ratio compare vs other companies in the Indian Chemicals Industry?

Price-To-Earnings vs Industry: DHANUKA is good value based on its Price-To-Earnings Ratio (15.5x) compared to the Indian Chemicals industry average (16.8x)

Price to Earnings Ratio vs Fair Ratio

What is DHANUKA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

DHANUKA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.5x
Fair PE Ratio16.9x

Price-To-Earnings vs Fair Ratio: DHANUKA is good value based on its Price-To-Earnings Ratio (15.5x) compared to the estimated Fair Price-To-Earnings Ratio (16.9x).

Share Price vs Fair Value

What is the Fair Price of DHANUKA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: DHANUKA (₹693.4) is trading above our estimate of fair value (₹597.13)

Significantly Below Fair Value: DHANUKA is trading above our estimate of fair value.

Price to Earnings Growth Ratio

PEG Ratio: DHANUKA is poor value based on its PEG Ratio (1.6x)

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Future Growth

How is Dhanuka Agritech forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE

9.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: DHANUKA's forecast earnings growth (9.8% per year) is above the savings rate (6.7%).

Earnings vs Market: DHANUKA's earnings (9.8% per year) are forecast to grow slower than the Indian market (17.5% per year).

High Growth Earnings: DHANUKA's earnings are forecast to grow, but not significantly.

Revenue vs Market: DHANUKA's revenue (11.4% per year) is forecast to grow slower than the Indian market (11.5% per year).

High Growth Revenue: DHANUKA's revenue (11.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: DHANUKA's Return on Equity is forecast to be high in 3 years time (20.2%)

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Past Performance

How has Dhanuka Agritech performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE

14.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: DHANUKA has a high level of non-cash earnings.

Growing Profit Margin: DHANUKA's current net profit margins (14.1%) are lower than last year (15.2%).

Past Earnings Growth Analysis

Earnings Trend: DHANUKA's earnings have grown by 14.8% per year over the past 5 years.

Accelerating Growth: DHANUKA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: DHANUKA had negative earnings growth (-0.8%) over the past year, making it difficult to compare to the Chemicals industry average (29.6%).

Return on Equity

High ROE: DHANUKA's Return on Equity (21.8%) is considered high.

Discover strong past performing companies

Financial Health

How is Dhanuka Agritech's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: DHANUKA's short term assets (₹9.5B) exceed its short term liabilities (₹3.0B).

Long Term Liabilities: DHANUKA's short term assets (₹9.5B) exceed its long term liabilities (₹474.0M).

Debt to Equity History and Analysis

Debt Level: DHANUKA has more cash than its total debt.

Reducing Debt: DHANUKA's debt to equity ratio has reduced from 1.5% to 0.1% over the past 5 years.

Debt Coverage: DHANUKA's debt is well covered by operating cash flow (10834.6%).

Interest Coverage: DHANUKA's interest payments on its debt are well covered by EBIT (77.2x coverage).

Balance Sheet

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Dividend

What is Dhanuka Agritech current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

1.73%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: DHANUKA's dividend (1.73%) is higher than the bottom 25% of dividend payers in the Indian market (0.44%).

High Dividend: DHANUKA's dividend (1.73%) is low compared to the top 25% of dividend payers in the Indian market (1.9%).

Stability and Growth of Payments

Stable Dividend: DHANUKA's dividend payments have been volatile in the past 10 years.

Growing Dividend: DHANUKA's dividend payments have increased over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (31.2%), DHANUKA's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (125.7%), DHANUKA's dividend payments are not well covered by cash flows.

Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

12.5yrs

Average board tenure

CEO

Mahendra Dhanuka (67 yo)

no data

Tenure

₹61,000,000

Compensation

Mr. Mahendra Kumar Dhanuka serves as the Managing Director and Executive Non-Independent Director at Dhanuka Agritech Ltd. Mr. Dhanuka is A leader par excellence, manages the overall affairs and has contri...

CEO Compensation Analysis

Compensation vs Market: Mahendra's total compensation ($USD780.40K) is above average for companies of similar size in the Indian market ($USD262.17K).

Compensation vs Earnings: Mahendra's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

Board Members

Experienced Board: DHANUKA's board of directors are seasoned and experienced ( 12.5 years average tenure).

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

Dhanuka Agritech Limited's employee growth, exchange listings and data sources

Key Information

  • Name: Dhanuka Agritech Limited
  • Ticker: DHANUKA
  • Exchange: NSEI
  • Founded: 1985
  • Industry: Fertilizers and Agricultural Chemicals
  • Sector: Materials
  • Implied Market Cap: ₹32.358b
  • Shares outstanding: 46.58m
  • Website: https://www.dhanuka.com

Number of Employees

Location

  • Dhanuka Agritech Limited
  • Global Gateway Towers
  • M G Road
  • Gurugram
  • Haryana
  • 122002
  • India

Listings

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/24 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/03/31
Annual Earnings2022/03/31


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 here.