Dhanuka Agritech (DHANUKA)₹917.60−1.38%Pesticides & Agrochemicals
In the Sep 2026 quarter (consolidated), Dhanuka Agritech reported sales of ₹656 Cr, up 10.0% from Sep 2025, and net profit of ₹109 Cr, up 16.0% year on year. For the year to Mar 2026, sales were ₹2,015 Cr and net profit ₹287 Cr.
Company filings, consolidated accounts; latest reported quarter Sep 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Sep 2025 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 617 | 402 | 367 | 493 | 653 | 444 | 441 | 597 | 461 | 656 |
| Expenses | 478 | 342 | 289 | 424 | 497 | 371 | 333 | 464 | 408 | 507 |
| Operating Profit | 142 | 62.19 | 80.18 | 72.18 | 161 | 76.23 | 110 | 137 | 55.20 | 153 |
| OPM % | 23.0% | 15.0% | 22.0% | 15.0% | 24.0% | 17.0% | 25.0% | 23.0% | 12.0% | 23.0% |
| Other Income | 5.99 | 6.98 | 14.97 | 6.98 | 10.97 | 6.98 | 10.97 | 5.98 | 8.98 | 8.98 |
| Interest | 1.01 | 0.99 | 1.01 | 1.01 | 0.99 | 0.99 | 1.99 | 0.99 | 0.99 | 0.99 |
| Depreciation | 9.97 | 12.96 | 12.95 | 11.95 | 12.95 | 12.96 | 16.95 | 15.95 | 13.95 | 14.94 |
| Profit before tax | 137 | 56.02 | 81.01 | 66.10 | 157 | 68.04 | 102 | 126 | 49.01 | 146 |
| Tax % | 26.1% | 19.0% | 28.1% | 26.1% | 25.1% | 19.1% | 26.0% | 25.1% | 25.1% | 25.0% |
| Net Profit | 102 | 45.05 | 59.08 | 49.05 | 118 | 55.07 | 76.06 | 94.01 | 36.05 | 109 |
| EPS (Rs) | 22.29 | 9.92 | 12.92 | 10.70 | 26.03 | 12.18 | 16.71 | 20.81 | 8.13 | 24.45 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 784 | 827 | 880 | 960 | 1,004 | 1,117 | 1,384 | 1,476 | 1,696 | 1,756 | 2,030 | 2,015 |
| Expenses | 655 | 692 | 716 | 800 | 863 | 950 | 1,122 | 1,219 | 1,427 | 1,436 | 1,625 | 1,622 |
| Operating Profit | 132 | 141 | 170 | 167 | 146 | 175 | 270 | 265 | 280 | 328 | 418 | 404 |
| OPM % | 17.0% | 17.0% | 19.0% | 17.0% | 15.0% | 15.0% | 19.0% | 18.0% | 16.0% | 19.0% | 20.0% | 20.0% |
| Other Income | 5.98 | 12.96 | 17.94 | 15.96 | 20.93 | 24.94 | 33.91 | 33.88 | 44.89 | 34.92 | 35.89 | 42.90 |
| Interest | 2.99 | 0.99 | 1.01 | 0.99 | 0.99 | 1.99 | 2.99 | 2.99 | 2.99 | 3.01 | 4.99 | 3.99 |
| Depreciation | 5.97 | 5.97 | 14.96 | 13.95 | 11.96 | 15.93 | 14.96 | 15.93 | 17.93 | 40.85 | 54.83 | 63.72 |
| Profit before tax | 129 | 145 | 172 | 167 | 154 | 181 | 285 | 278 | 303 | 319 | 393 | 379 |
| Tax % | 18.1% | 26.1% | 29.0% | 24.1% | 27.1% | 22.1% | 26.1% | 25.1% | 23.0% | 25.1% | 24.0% | 24.0% |
| Exceptional items | 0.00 | 3.01 | 1.01 | 0.00 | 2.01 | 1.01 | 3.01 | 4.01 | 18.06 | 1.01 | 5.02 | 0.00 |
| Net Profit | 106 | 107 | 122 | 126 | 113 | 141 | 211 | 209 | 234 | 239 | 297 | 287 |
| EPS (Rs) | 21.18 | 21.41 | 24.79 | 25.64 | 23.63 | 29.65 | 45.11 | 44.75 | 51.10 | 52.34 | 65.70 | 63.64 |
| Dividend payout % | 6.0% | 30.0% | 2.0% | 21.0% | 3.0% | 40.0% | 4.0% | 31.0% | 4.0% | 27.0% | 3.0% | 0.0% |
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | — | 3.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.01 | 9.00 | 9.00 | 8.99 | 8.99 | 9.00 |
| Reserves | — | 410 | 470 | 512 | 624 | 634 | 699 | 788 | 951 | 1,052 | 1,248 | 1,395 |
| Borrowings | — | 15.96 | 8.00 | 8.00 | 4.99 | 21.98 | 8.01 | 47.97 | 31.97 | 33.97 | 26.95 | 73.98 |
| Other Liabilities | — | 167 | 170 | 186 | 186 | 172 | 218 | 287 | 322 | 311 | 297 | 325 |
| Total Liabilities | — | 595 | 658 | 716 | 824 | 836 | 934 | 1,133 | 1,314 | 1,407 | 1,581 | 1,802 |
| Fixed Assets | — | 69.81 | 133 | 138 | 131 | 117 | 117 | 167 | 159 | 165 | 337 | 503 |
| CWIP | — | 37.97 | 0.00 | 0.00 | 0.00 | 1.01 | 3.99 | 7.99 | 48.01 | 153 | 27.99 | 8.99 |
| Investments | — | 47.04 | 92.06 | 66.02 | 182 | 120 | 159 | 278 | 336 | 255 | 240 | 230 |
| Other Assets | — | 439 | 432 | 512 | 511 | 598 | 654 | 681 | 771 | 835 | 976 | 1,060 |
| Inventories | 211 | 192 | 173 | 264 | 205 | 207 | 250 | 296 | 347 | 345 | 418 | 399 |
| Trade receivables | 171 | 195 | 187 | 185 | 209 | 220 | 243 | 244 | 283 | 340 | 348 | 461 |
| Cash & equivalents | 2.01 | 4.01 | 2.01 | 4.01 | 11.02 | 1.01 | 26.02 | 1.01 | 2.01 | 4.01 | 1.01 | 1.01 |
| Total Assets | — | 595 | 658 | 716 | 824 | 836 | 934 | 1,133 | 1,314 | 1,407 | 1,581 | 1,802 |
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | — | 110 | 140 | 62.84 | 138 | 12.97 | 161 | 230 | 104 | 136 | 134 | 262 |
| Cash from investing activity | — | −69.74 | −65.75 | 19.92 | −111 | 62.80 | −43.87 | −127 | −42.86 | 2.99 | −80.75 | −143 |
| Cash from financing activity | — | −38.07 | −76.15 | −81.19 | −20.04 | −87.11 | −93.20 | −129 | −61.08 | −137 | −57.12 | −120 |
| Net cash flow | — | 1.99 | −1.99 | 2.99 | 6.98 | −9.96 | 24.92 | −24.93 | 0.99 | 1.99 | −2.99 | 0.00 |
| Capex | 30.95 | 25.96 | 31.99 | 19.98 | 5.99 | 5.99 | 13.99 | 12.99 | 59.94 | 124 | 88.92 | 194 |
| Free cash flow | — | 85.28 | 113 | 44.17 | 131 | 9.03 | 153 | 220 | 46.15 | 36.14 | 46.14 | 74.29 |
| CFO / OP % | — | 101.0% | 123.9% | 63.0% | 106.9% | 45.9% | 113.9% | 107.9% | 64.9% | 74.9% | 65.0% | 85.9% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 90 | 82 | 76 | 79 | 79 | 79 | 64 | 70 | 73 | 72 | 82 |
| Inventory days | 160 | 124 | 221 | 146 | 136 | 140 | 136 | 147 | 122 | 158 | 131 |
| Days payable | 52 | 46 | 48 | 60 | 51 | 64 | 50 | 74 | 62 | 57 | 46 |
| Cash conversion cycle | 199 | 160 | 250 | 166 | 165 | 156 | 151 | 143 | 133 | 174 | 168 |
| Working capital days | 112 | 111 | 137 | 121 | 144 | 124 | 102 | 111 | 106 | 139 | 120 |
| ROCE % | 32.9% | 31.0% | 34.0% | 29.0% | 22.9% | 26.0% | 35.9% | 29.9% | 26.9% | 26.9% | 27.9% |
For the Sep 2026 quarter, Dhanuka Agritech reported sales of ₹656 Cr, up 10.0% year on year and net profit of ₹109 Cr, up 16.0% year on year. The operating margin was 23.0%.
Dhanuka Agritech's sales for the year to Mar 2026 were ₹2,015 Cr.
Net profit for the year to Mar 2026 was ₹287 Cr. Earnings per share over the same trailing period were ₹63.64.
Dhanuka Agritech reported borrowings of ₹73.98 Cr at Mar 2025, against cash and equivalents of ₹1.01 Cr.
Cash from operations was ₹262 Cr in the year to Mar 2025; after capital spending, free cash flow was ₹74.29 Cr.