|Stock Name : Dhanuka agritech limited /Tips Open||Buy : 716||Posted Date : June 30, 2020|
|Stopless/Horizon : 672/2Months||Target : 780||Results Achieved (Yes/No) :|
Dhanuka Agritech limited, formerly known as Dhanuka Pesticides Limited was incorporated in 1985 and is one of India’s leading agrochemical company.
The company manufactures a wide range of agro-chemicals like herbicides, insecticides, fungicides, plant growth regulators in various forms – liquid, dust, powder and granules. Dhanuka has solutions for all major crops grown in the country including cotton, paddy, wheat, sugarcane, pulses, fruits & vegetables, plantation crops and others.
DhanukaAgritechlimited is a Small Cap company with a market capital of Rs 3406.13 Crore.
Mr. Mahendra Kumar Dhanuka is the Managing Director of Dhanuka Agritech limited and Mr. Ram Gopal Agarwal is the Group Chairman.
The company has three production facilities which are located in Sanand (Gujarat), Jaipur (Rajasthan) and Udhampur (Jammu & Kashmir). The company has a pan-India presence through its branch offices/depots in all major states in India.
The company’smainproducts/revenue segments include Agrochemicals which contributed Rs 994.29 Crore to sales value (98.85 % of total sales)for the year ending 31-Mar-2019.
During FY 2019, Dhanuka Agritech limite drewarded its shareholders by undertaking buyback of its shares at Rs. 550 per equity share amounting to Rs. 82,50,00,000. The total number of shares bought back were 15,00,000, representing about 3.06% of the total issued and paid-up equity share capital of the company.
Dhanuka Agritech’s Shareholding as on 31-03-2020:The Promotersis holding 75% of shares (35,683,267) and the General Public has 9.36% of shares (4,453,474), the remaining shares are held by NBFC & Mutual Funds (12.40%) Others (2.97%) and Financial Institutions (0.27%).
For the quarter ended 31-03-2020, DhanukaAgritechlimited reported a consolidated sale of Rs. 227.57 Crore (which is down by -16.17 % from last quarter sales of Rs. 271.48 Crore), but up by 18.09 % from last year same quarter sales of Rs 192.72 Crore.
For the year ending March 2020 DhanukaAgritech has declared an equity dividend of 600.00% amounting to Rs 12 per share.
Dhanuka Agritech limited has reported net profit after tax of Rs 39.00 Crore in its latest quarter, and as of 31-03-2020, the company has a total of 47,578,324 shares outstanding.
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