Dhanuka Agritech Limited

NSEI:DHANUKA Stock Report

Market Cap: ₹66.8b

Dhanuka Agritech Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

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 (₹1479.55) is trading above our estimate of fair value (₹1032.78)

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

Key Valuation Metric

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

Key metric: As DHANUKA is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for DHANUKA. This is calculated by dividing DHANUKA's market cap by their current earnings.
What is DHANUKA's PE Ratio?
PE Ratio24.7x
Earnings₹2.71b
Market Cap₹66.78b

Price to Earnings Ratio vs Peers

How does DHANUKA's PE Ratio compare to its 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.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average33.1x
SHARDACROP Sharda Cropchem
33.3x29.9%₹72.6b
RCF Rashtriya Chemicals and Fertilizers
43.1xn/a₹84.5b
500690 Gujarat State Fertilizers & Chemicals
14.6xn/a₹77.0b
RALLIS Rallis India
41.6x26.3%₹61.9b
DHANUKA Dhanuka Agritech
24.7x16.1%₹66.8b

Price-To-Earnings vs Peers: DHANUKA is good value based on its Price-To-Earnings Ratio (24.7x) compared to the peer average (33.1x).

Price to Earnings Ratio vs Industry

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

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
NAGAFERT Nagarjuna Fertilizers and Chemicals
0.3xn/aUS$65.09m
UNIVPHOTO Universus Photo Imagings
5xn/aUS$49.68m
526773 Pressure Sensitive Systems (India)
0.6xn/aUS$7.43m
526143 MPL Plastics
1.7xn/aUS$1.91m
DHANUKA 24.7xIndustry Avg. 31.2xNo. of Companies35PE020406080100+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: DHANUKA is good value based on its Price-To-Earnings Ratio (24.7x) compared to the Indian Chemicals industry average (31.2x).

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 Ratio24.7x
Fair PE Ratio28.2x

Price-To-Earnings vs Fair Ratio: DHANUKA is good value based on its Price-To-Earnings Ratio (24.7x) compared to the estimated Fair Price-To-Earnings Ratio (28.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst DHANUKA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹1,479.55
₹1,850.20
+25.1%
11.1%₹2,136.00₹1,356.00n/a10
Nov ’25₹1,567.60
₹1,853.44
+18.2%
14.7%₹2,136.00₹1,260.00n/a9
Oct ’25₹1,571.60
₹1,875.67
+19.3%
14.7%₹2,136.00₹1,260.00n/a9
Sep ’25₹1,825.90
₹1,803.44
-1.2%
17.5%₹2,136.00₹1,260.00n/a9
Aug ’25₹1,735.00
₹1,455.33
-16.1%
12.4%₹1,770.00₹1,121.00n/a9
Jul ’25₹1,645.60
₹1,455.33
-11.6%
12.4%₹1,770.00₹1,121.00n/a9
Jun ’25₹1,275.50
₹1,383.80
+8.5%
12.5%₹1,579.00₹1,060.00n/a10
May ’25₹1,397.10
₹1,203.50
-13.9%
8.1%₹1,350.00₹1,021.00n/a10
Apr ’25₹1,005.60
₹1,198.50
+19.2%
7.6%₹1,300.00₹1,021.00n/a10
Mar ’25₹1,028.10
₹1,199.78
+16.7%
8.0%₹1,300.00₹1,021.00n/a9
Feb ’25₹1,209.45
₹1,074.80
-11.1%
11.5%₹1,300.00₹867.00n/a10
Jan ’25₹1,082.85
₹1,072.20
-1.0%
7.8%₹1,200.00₹945.00n/a10
Dec ’24₹955.55
₹1,027.44
+7.5%
6.6%₹1,132.00₹925.00n/a9
Nov ’24₹781.40
₹940.89
+20.4%
7.6%₹1,089.00₹867.00₹1,567.609
Oct ’24₹841.60
₹934.22
+11.0%
8.0%₹1,089.00₹865.00₹1,571.609
Sep ’24₹789.10
₹934.22
+18.4%
8.0%₹1,089.00₹865.00₹1,825.909
Aug ’24₹757.20
₹964.00
+27.3%
9.0%₹1,114.00₹865.00₹1,735.009
Jul ’24₹799.95
₹943.38
+17.9%
8.0%₹1,089.00₹850.00₹1,645.608
Jun ’24₹713.55
₹943.38
+32.2%
8.0%₹1,089.00₹850.00₹1,275.508
May ’24₹645.25
₹938.00
+45.4%
10.2%₹1,114.00₹800.00₹1,397.109
Apr ’24₹611.40
₹949.11
+55.2%
8.8%₹1,114.00₹826.00₹1,005.609
Mar ’24₹666.00
₹950.00
+42.6%
8.3%₹1,114.00₹826.00₹1,028.1011
Feb ’24₹683.45
₹988.00
+44.6%
11.7%₹1,291.00₹864.00₹1,209.4511
Jan ’24₹712.80
₹988.00
+38.6%
11.7%₹1,291.00₹864.00₹1,082.8511
Dec ’23₹712.60
₹992.80
+39.3%
12.1%₹1,291.00₹864.00₹955.5510
Nov ’23₹730.60
₹981.00
+34.3%
12.4%₹1,266.00₹849.00₹781.4010

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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