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Employees: 1,218
Size Dhanuka Agritech (DHANUKA.NS) is an India Materials company (Chemicals: Specialty) with a market value of $429M, the 907th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹909.60 on 6 Nov 2026.
Performance Over six months the shares fell 16.9%, against -14.5% for the median peer and 0.0% for the India market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue fell 0.1% over the last twelve months (peer median +4.0%); the operating margin is 16.5% (peer median 5.7%).
Valuation It trades at 14.7× forward earnings against a peer median of 17.0× (4th cheapest of 9).
Price implies For today's price to make sense, revenue must grow about 16% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is +8 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 1.3 points above its cost of capital (15.3% WACC).
Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹20.1B | ₹19.6B | ₹20.1B | ₹17.4B | ₹17.0B |
| Revenue growth | — | -3% | +16% | +2% | — |
| Gross profit | ₹5.48B | ₹4.83B | ₹5.46B | ₹4.55B | ₹4.28B |
| EBITDA | ₹3.94B | ₹3.84B | ₹4.10B | ₹3.34B | ₹2.90B |
| Net income | ₹2.83B | ₹2.87B | ₹2.97B | ₹2.39B | ₹2.34B |
| Free cash flow | n/a | ₹1.82B | ₹857M | ₹610M | ₹237M |
| Capital expenditure | n/a | ₹277M | ₹1.94B | ₹893M | ₹1.24B |
| Total debt | ₹293M | ₹306M | ₹742M | ₹270M | ₹335M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | DHANUKA.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.0% | -11.7% | 2nd highest of 21 |
| 6-month return | -16.9% | -14.5% | 11th highest of 21 |
| Distance from 52-week high | -38.1% | -34.6% | 9th lowest of 21 |
| Revenue growth (TTM) | -0.1% | +4.0% | 8th lowest of 21 |
| Operating margin | 16.5% | 5.7% | 3rd highest of 21 |
| Forward P/E | 14.7× | 17.0× | 4th cheapest of 9 |
| Growth the price implies (Req g, 7 yrs) | 15.6% | -2.1% | 5th most demanding of 12 |
| Growth delivered (Del g) | +7.3% | +3.5% | 4th highest of 12 |
| Hurdle (Req g minus delivered) | +8.3 pp | -5.2 pp | 6th most demanding of 12 |
| ROIC minus cost of capital | +1.3 pp | -3.9 pp | 8th highest of 21 |
| EV / EBITDA | 9.7× | 8.8× | 5th cheapest of 9 |
| Net debt / EBITDA | -0.6× | 1.5× | 6th least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Dhanuka Agritech DHANUKA.NS | India | $429M | -17% | 0% | 16% | 14.7× | 15.6% | +7.3% |
| Baotou Dongbao Bio-Tech 300239.SZ | China | $429M | -12% | +7% | 7% | n/a | n/a | n/a |
| TKG Huchems 069260.KS | South Korea | $426M | -20% | +8% | 6% | 8.3× | -20.9% | +13.7% |
| Zhejiang Haisen Pharmaceutical 001367.SZ | China | $434M | -20% | +9% | 29% | n/a | -2.1% | +13.4% |
| Guangdong Delian 002666.SZ | China | $434M | -29% | +5% | 0% | n/a | n/a | n/a |
| Ellenbarrie Industrial Gases ELLEN.NS | India | $434M | 0% | +289% | 28% | 25.3× | 43.5% | +14.3% |
| Zhejiang Jianye Chemical 603948.SS | China | $436M | -35% | -5% | 12% | n/a | -4.5% | +3.5% |
| Koatsu Gas Kogyo 4097.T | Japan | $416M | +8% | +1% | 6% | n/a | -9.1% | +5.1% |
| Qingdao Copton Technology 603798.SS | China | $443M | -36% | -12% | 5% | n/a | 28.5% | +0.9% |
| Shenyang Chemical Industry 000698.SZ | China | $445M | -6% | +18% | 1% | n/a | n/a | n/a |
| UPC Technology 1313.TW | Taiwan | $445M | +4% | -1% | -23% | n/a | -2.6% | +2.5% |
| Renxin New Material 301395.SZ | China | $445M | -10% | +1% | -6% | n/a | n/a | n/a |
| Changhua Chemical Technology 301518.SZ | China | $452M | -45% | +17% | -2% | n/a | n/a | n/a |
| Oriental Union Chemical 1710.TW | Taiwan | $406M | +22% | -13% | -4% | 16.0× | n/a | n/a |
| Advansix ASIX | United States | $454M | -17% | +8% | -1% | 90.9× | 55.3% | +5.6% |
| Valhi VHI | United States | $456M | +11% | +3% | 1% | 4.6× | 32.2% | +2.3% |
| Braskem S.A. Sponsored ADR Pfd BAK | United States | $457M | -70% | -1% | 1% | 1.0× | n/a | n/a |
| Ho Tung Chemical 1714.TW | Taiwan | $459M | +67% | +36% | 10% | n/a | -17.3% | -1.5% |
| FuJian Nox Bellcow 300132.SZ | China | $459M | -37% | +18% | 7% | 17.9× | 3.1% | -10.5% |
| Qualipoly Chemical 4722.TW | Taiwan | $402M | -32% | -4% | 8% | 24.7× | n/a | n/a |
| Nantex Industry 2108.TW | Taiwan | $401M | 0% | -3% | 13% | n/a | n/a | n/a |