FOR MORE DETAILS READ THE BELOW SECTION ON TECHNICAL ANALYSIS
CHART PATTERN: ROUNDING BOTTOM
MOVING AVERAGE:
9 DAYS MOVING AVERAGE: RED LINE
21 DAYS MOVING AVERAGE: BLUE LINE
SUPER TREND
Leading agrochemical company in India.
Listed by Forbes Magazine in the category of “200 Best under a Billion companies in Asia Pacific”.
Awarded as the Company of the Year by Federation of Indian Chambers of Commerce and Industry (FICCI).
Awarded as “Great place to work for the year 2018-19”.
3 manufacturing units, 39 warehouses and a network of over 8 branch offices across India.
Around 6,500 distributors and approximately 75,000 dealers.
R&D center in Gurgaon with three state of art manufacturing facilities in Rajasthan, Gujarat, and J&K.
1. Herbicides.
2. Fungicides.
3. Insecticides.
4. Plant growth regulators.
1. Mitsui Chemicals.
2. Hokko Chemical Industry.
3. Corteva Agriscience.
4. Bayer Bayer.
5. FMC.
6. Nissan Chemical Industries.
7. OAT Agrio Co., Ltd.
8. ORO AGRI.
9. Sumitomo Chemical.
10. Syngenta.
Let’s have a complete understanding of Dhanuka Agritech.
Table of Contents
BUSINESS ANALYSIS
Dhanuka Agritech is listed by Forbes Magazine in the category of “200 Best under a Billion companies in Asia Pacific”.
Federation of Indian Chambers of Commerce and Industry (FICCI) had awarded Dhanuka Agritech as the Company of the Year in 10th Biennial International Exhibition and Conference- India Chem 2018.
It has also been awarded as “Great place to work for the year 2018-19”.
The company has 3 manufacturing units, 39 warehouses and a network of over 8 branch offices across India.
Dhanuka Agritech has around 6,500 distributors and approximately 75,000 dealers.
The company has world class NABL accredited laboratories and also has an International collaboration with the world’s seven leading agrochemical companies from USA, Japan, and Europe.
R&D center is situated in Gurgaon with three state of art manufacturing facilities in Rajasthan, Gujarat, and J&K.
Dhanuka Agritech has more than 316 registrations including Herbicides, Fungicides, Insecticides and Plant Growth Regulators.
KEY PARTNERSHIPS
1. Mitsui Chemicals.
2. Hokko Chemical Industry.
3. Corteva Agriscience.
4. Bayer Bayer.
5. FMC.
6. Nissan Chemical Industries.
7. OAT Agrio Co., Ltd.
8. ORO AGRI.
9. Sumitomo Chemical.
10. Syngenta.
KEY SECTORAL PRODUCTS
1. Herbicides.
2. Fungicides.
3. Insecticides.
4. Plant growth regulators.
On the basis of sectoral Market capitalization, Dhanuka Agritech stands tall at the 6th position.
Now, coming to the financials of the Dhanuka Agritech.
FINANCIAL KEY METRICS
The Market Capitalization of Dhanuka Agritech is ₹ 3,791 Cr.
Dhanuka Agritech has a price to earnings ratio of 18.3 which is a lesser than the industry price to earnings ratio of 29.4 indicating that Dhanuka Agritech share price is lower as compared to the earnings it is generating.
The return on capital employed of the Dhanuka Agritech is 37.4% which is quite commendable and shows that the company is providing awesome returns on the capital invested in it.
The return on equity of Dhanuka Agritech is 27.6% showcasing the company’s great return on the investment done by their investors.
The debt to equity ratio of Dhanuka Agritech is 0.01 which is almost negligible.
FINANCIAL ANALYSIS
For the quarter ended 30-06-2021, Dhanuka Agritech share price reported a sales of Rs 364 Cr.
The sales of the company were up by almost 24% from last quarter sales of Rs 276 Cr which is one of the finest performances from the company.
The net profit of Dhanuka Agritech share price was Rs 49 Cr in the latest quarter ended 30-06-2021.
The earning per share of the company is Rs 10.43 which is as per the quarter ended 30-06-21.
SHARE HOLDING SYNOPSIS
PROMOTERS – 70%.
DIIs – 14.27%.
PUBLIC – 15.73%.
This is a brief overview of the financials of the Dhanuka Agritech share price.
Now, let’s deep dive into the technical of Dhanuka Agritech share price.
CHART PATTERN ANALYSIS
If we take a closer look at the chart in a daily time frame, a rounding bottom pattern is still under formation.
Dhanuka Agritech share price is currently trading at the support level and seems to be in a consolidation phase for a while. This indeed shows that there will be a good rally in the upcoming future.
For Dhanuka Agritech share price there is 1 target as stated in the above image.
The Dhanuka Agritech share price on 21st September 2021 is Rs 813.
MOVING AVERAGE
For Dhanuka Agritech share price analysis, we are taking 9 days and 21 days moving average.
Due to a consolidation phase, both the moving averages are not near to each other for now but in the upcoming future the trend will definitely change.
The 9 days moving average is indicated in red while the 21 days moving average is blue.
SUPER TREND
The super trend for Dhanuka Agritech share price is suggesting a selling signal in the daily timeframe.
This is not a positive sign but with every correction accumulation can be done for better returns in the future due to the dynamics of the company.