Dhanuka Agritech Limited

NSEI:DHANUKA Stock Report

Market Cap: ₹67.7b

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 (₹1527.85) is trading above our estimate of fair value (₹1054.96)

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 Ratio25.3x
Earnings₹2.71b
Market Cap₹67.72b

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 Average25.6x
SHARDACROP Sharda Cropchem
32x29.9%₹69.6b
523630 National Fertilizers
15.8xn/a₹56.0b
RALLIS Rallis India
39.2x26.3%₹56.8b
500690 Gujarat State Fertilizers & Chemicals
15.4xn/a₹80.2b
DHANUKA Dhanuka Agritech
25.3x16.1%₹67.7b

Price-To-Earnings vs Peers: DHANUKA is good value based on its Price-To-Earnings Ratio (25.3x) compared to the peer average (25.6x).


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$67.26m
UNIVPHOTO Universus Photo Imagings
3.3xn/aUS$33.97m
526773 Pressure Sensitive Systems (India)
0.6xn/aUS$8.15m
526143 MPL Plastics
1.7xn/aUS$1.78m
DHANUKA 25.3xIndustry Avg. 31.6xNo. 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 (25.3x) compared to the Indian Chemicals industry average (31.6x).


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 Ratio25.3x
Fair PE Ratio28.1x

Price-To-Earnings vs Fair Ratio: DHANUKA is good value based on its Price-To-Earnings Ratio (25.3x) compared to the estimated Fair Price-To-Earnings Ratio (28.1x).


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₹1,527.85
₹1,850.20
+21.1%
11.1%₹2,136.00₹1,356.00n/a10
Dec ’25₹1,516.95
₹1,850.20
+22.0%
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₹925.00₹1,516.959
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

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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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/24 16:12
End of Day Share Price 2024/12/24 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

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 here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

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 .

Analyst Sources

Dhanuka Agritech Limited is covered by 27 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ronald SiyoniAlmondz Global Securities Ltd
null nullAnand Rathi Shares and Stock Brokers Limited
Himanshu BinaniAnand Rathi Shares and Stock Brokers Limited