# Dhanuka Agritech share price today (Dhanuka Agritech Ltd, NSE: DHANUKA)

> Dhanuka Agritech share price today: ₹939.15 at the NSE close on 3 November 2026, down 31.7% in a year. Dhanuka Agritech (NSE: DHANUKA) is worth ₹4,187 crore, trades at a P/E of 13.8 and has closed between ₹834.65 and ₹1,318.90 over the past 52 weeks. > Dhanuka Agritech Ltd's share price has fallen more than its earnings. Earnings per share fell 3.3% in a year while the price moved −31.7%. DHANUKA · Pesticides/Agrochemicals · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/dhanuka-agritech-ltd

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## Key numbers

- Business trend: Mixed, from the last 12 quarters
- Price: ₹939.15 (−31.7% in a year)
- P/E: 13.8× (lower than 94% of the last 11 years)
- Revenue (Sep 2026): ₹658 Cr (+10.0% on a year ago)
- Profit (Sep 2026): ₹109 Cr (+16.0% on a year ago)
- Operating margin: 23.0% (flat on a year ago)
- ROCE: 24%, FY26
- ROIC: 17.6%, against a 12.0% cost of capital: +5.6 points

The main question: yearly earnings per share moved −3.3% while the share price moved −31.7%. ## What is the Dhanuka Agritech share price today? Dhanuka Agritech Ltd's share price was ₹939.15 at the close on 3 November 2026. It has been falling for 53 weeks. That is 10.7% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹835 and ₹1,319, and at that close it sat 22% of the way up from that low. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 1 week running. Over the last 11 years the share price moved +69% while the NIFTY 500 moved +249%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 30 October 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Dhanuka Agritech this quarter? Three changes stood out: foreign funds (FIIs) cut their stake for 5 quarters in a row, highest quarterly revenue in 19 quarters and highest quarterly profit in 8 quarters. 1. Foreign funds (FIIs) cut their stake for 5 quarters in a row From 2.7% to 1.6% of the company by the September 2026 quarter. 2. Highest quarterly revenue in 19 quarters Revenue of ₹658 crore in the September 2026 quarter is the highest of the last 19 quarters. Why: Revenue rose because insecticide sales led growth, especially Lanevo, Miyako and Mortar, and the company focused on areas where water was available. Next results: check whether returning monsoon in South and East turns into rabi sales. From the earnings call on 30 Oct 2026. 3. Highest quarterly profit in 8 quarters Profit of ₹109 crore in the September 2026 quarter is the highest of the last 8 quarters. Why: Profit rose because the company kept other expenses tight. That helped even though it sold a weaker mix of products that usually earn more profit, like fungicides and herbicides. Next results: check whether cost control still holds, since management expects full-year margins to shrink with low growth and more spending to promote products. From the earnings call on 30 Oct 2026. ## What are Dhanuka Agritech's latest quarterly results? For July to September 2026 (the quarter ended 30 September 2026), Dhanuka Agritech reported revenue of ₹658 crore, up 10.0% from ₹598 crore a year earlier, and a profit of ₹109 crore, up 16.0% from ₹94.0 crore. ### Dhanuka Agritech results: July to September 2026 against a year earlier

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹658 crore | ₹598 crore | +10.0% |
| Profit | ₹109 crore | ₹94.0 crore | +16.0% |
| Earnings per share | ₹24.50 | ₹20.85 | +17.5% |
| Operating margin | 23.0% | 23.0% | 0.0 points |

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). Dhanuka Agritech's management discussed these results on a call held on 30 October 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.)

## What is the Dhanuka Agritech share price history? Dhanuka Agritech closed at ₹939.15 on 3 November 2026, down 31.7% from ₹1,374.20 a year earlier (31 October 2025) and up 24.1% over five years. Its highest weekly close since March 2016 was ₹1,846.75 on 9 August 2024. ### Dhanuka Agritech share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹834.65 | +12.5% |
| 1 month ago · 1 Oct 2026 | ₹935.05 | +0.4% |
| 6 months ago · 30 Apr 2026 | ₹1,079.65 | −13.0% |
| 1 year ago · 31 Oct 2025 | ₹1,374.20 | −31.7% |
| 3 years ago · 3 Nov 2023 | ₹780.05 | +20.4% |
| 5 years ago · 4 Nov 2021 | ₹756.95 | +24.1% |
| 10 years ago · 4 Nov 2016 | ₹669.70 | +40.2% |
| Earliest weekly close in our records · 4 Mar 2016 | ₹555.35 | +69.1% |
| Highest weekly close since March 2016 · 9 Aug 2024 | ₹1,846.75 | −49.1% |
| Lowest weekly close since March 2016 · 18 Oct 2019 | ₹291.00 | +222.7% |
| 52-week high (weekly close) · 7 Nov 2025 | ₹1,318.90 | −28.8% |
| 52-week low (weekly close) · 23 Oct 2026 | ₹834.65 | +12.5% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (565 weekly closes from 4 March 2016 to 3 November 2026.)

## What is the latest news on Dhanuka Agritech? 3 Nov 2026: Dhanuka Agritech closed at ₹939.15, up 12.5% on the week and up 0.4% on the month. 30 Oct 2026: Dhanuka Agritech held its results call for July to September 2026. Management guided: FY27 full-year revenue growth low single-digit. ### Earlier

- Results for July to September 2026: Revenue up 10.0% and profit up 16.0% on a year earlier. - 17 Jul 2026: ex-date for a dividend of ₹2 a share. ## What dividend does Dhanuka Agritech pay? Dhanuka Agritech paid ₹2 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 0.21% at the ₹939.15 close on 3 November 2026. The last was a dividend of ₹2 a share, ex-date 17 July 2026. ### Dhanuka Agritech dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 17 Jul 2026 | ₹2 | Dividend | same day |
| 18 Jul 2025 | ₹2 | Dividend | same day |
| 19 Jul 2024 | ₹6 | Dividend | same day |
| 14 Feb 2024 | ₹8 | Interim | same day |
| 21 Jul 2023 | ₹2 | Dividend | n/a |
| 21 Jul 2022 | ₹6 | Dividend | n/a |
| 10 Feb 2022 | ₹8 | Interim | 12 Feb 2022 |
| 15 Jul 2021 | ₹2 | Dividend | n/a |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

Not in its latest year. Dhanuka Agritech Ltd paid out 0% of its profit as dividends in FY26. It did pay a dividend in 12 of its last 13 reported years, so there is a history but no current dividend. (From the NSE corporate-actions record, read 4 November 2026.)

## What did Dhanuka Agritech management say on the latest results call? On the call for July to September 2026, held on 30 October 2026, Dhanuka Agritech's management guided: FY27 full-year revenue growth low single-digit. > “Unlike the high-cost inventory issues plaguing the sector, our proactive raw material sourcing and lean distributor inventory levels ensured zero channel stuffing and healthy cash generation.”
> M. K. Dhanuka, on the call for July to September 2026

### What management guided

- FY27 gross margin down about 100 basis points. - FY27 operating profit decline similar or slightly larger than gross margin drop. - FY28 Dahej portfolio 4 products versus 2 now via in-plant lift plus new fungicides for India. - Dhanzyme Gold liquid launch in December after approval pending internal clearance. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijoristack.ai/concall/transcript/979-30-Oct-2026.pdf). (From the call for July to September 2026, 30 October 2026.)

## What to watch in Dhanuka Agritech's next results? When Dhanuka Agritech reports October to December 2026, these are the 3 checks that show whether the story is still on course. First: South-East returning monsoon converting into rabi volumes ahead - check zone mix and volume recovery. - What to check (from the call)
- South-East returning monsoon converting into rabi volumes ahead - check zone mix and volume recovery. - Dahej in-plant expansion adding new fungicides on flagged portfolio path - check commissioning and India uptake. - Bayer purchase orders from initial customers converting to dispatches plus fresh wins - check international revenue traction. ## Which stock lists is Dhanuka Agritech on? Dhanuka Agritech is not on any of our India lists this week. ## Is Dhanuka Agritech profitable? Dhanuka Agritech Ltd earned ₹109 Cr of net profit in the Sep 2026 quarter, +16.0% on the same quarter a year earlier. Full-year FY26 profit was ₹287 Cr. Over 10 years profit has grown 10.4% a year on average. That is 16.6% of the quarter's revenue. The same quarter a year earlier earned ₹94.0 Cr. For the full year, FY26 profit was ₹287 Cr (−3.4% on the year before). Why profit moved: revenue changed +10.0% on a year earlier and the margin moved +0.0 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed −4.5% and revenue −0.3%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does Dhanuka Agritech make, and is it growing? Dhanuka Agritech Ltd reported ₹658 Cr of revenue in the Sep 2026 quarter, +10.0% on the same quarter a year earlier. Over 10 years it has grown 9.3% a year on average. The last full year, FY26, came in at ₹2,020 Cr. The last four reported quarters add to ₹2,013 Cr. FY26 revenue was ₹2,020 Cr, −0.7% on the year before. Recent pace: the last four quarters grew −0.3% on average, against 9.3% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +0.0%, against +2.4% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +0.7%, against +2.2% a year (stabilising). ## How much of every ₹100 of sales does Dhanuka Agritech keep? Dhanuka Agritech Ltd's operating margin was 23.0% in the Sep 2026 quarter, about the same as the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 13 years it has been between 15.0% and 20.0%. The latest quarter is above every full year in that period. In the latest quarter it moved +0.0 percentage points on the same quarter a year ago. Why the margin moved: operating margin changed +0.4 percentage points on the year while gross margin changed −1.3 points. So the gain came mostly from the gross margin, which means input costs and prices charged. As noted under valuation: when margins are at a record, every ratio built on profit looks better than usual, so a low multiple can mislead. ## Is Dhanuka Agritech's profit turning into cash? Over the last 3 years, 72% of Dhanuka Agritech Ltd's reported profit came in as cash from its operations, so most of the profit is real cash. In FY26 it brought in ₹196 Cr of operating cash against ₹287 Cr of profit. After ₹30.0 Cr of spending on assets, ₹166 Cr was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 72% of profit came in as cash: the cash cycle got 36 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. What to look at next: less of the profit turns into cash than it should, and the cash cycle is 36 days longer. The next section looks at where the cash is stuck. ## Where does Dhanuka Agritech's cash go? Dhanuka Agritech Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 187 days in FY26, up from 151 days in FY21. It spent ₹321 Cr on assets over the last 3 years. Customers take 80 days to pay, and stock sits for 173 days on average. At FY26 sales of ₹2,020 Cr, each day of that cycle ties up about ₹5.5 Cr, so roughly ₹1,035 Cr is tied up in the business at any time. FY26: customers took 80 days to pay and stock sat for 173 days, about 5.7 months of sales sitting as stock, for a full cycle of 187 days, longer than FY21's 151. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 173 days. Customers pay about 80 days after that. Suppliers are paid at 66 days. Together that makes the 187-day cycle. Spending on assets: ₹321 Cr over the last 3 years, against ₹160 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹12.0 Cr (FY26): assets paid for that are not earning yet. In short: cash is getting stuck in the daily cycle, so watch the cycle more than the profit. ## What is Dhanuka Agritech's P/E ratio, and how does it compare with its own history? Dhanuka Agritech Ltd's P/E is 13.8×, near the low end of its own history: it has been lower only 6% of the time. Its usual P/E (the middle reading) is 18.9×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Sep 2026 add up to ₹63.20. Keep one thing in mind: margins are the best this company has ever reported. A multiple that looks low against its own past can mislead when profit is at a record. If margins fall back, today's multiple is higher than it looks. Why the multiple is where it is: over the past year earnings per share moved −3.3% while the price moved −31.7%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved +4.4% a year; about +7.6% a year came from earnings growth and about −3.2 percentage points from the multiple (the market paying less); over 10 years the price moved +3.4% a year; about +10.3% a year came from earnings growth and about −6.9 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Dhanuka Agritech business getting better or worse? Dhanuka Agritech Ltd's business is giving mixed signals. There is no clear direction across the growth lines, with ROCE falling at 22.2%; each line tells part of the story. This is based on 12 quarters of 4 measures. Why it matters: when the lines disagree, each line above matters more than any single label. ## How much does Dhanuka Agritech earn on its capital? Dhanuka Agritech Ltd earned a ROCE of 24% in FY26. That is up from a low of 23% in FY19. Its return on capital used (ROIC) is 5.6 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 14.2% net margin and 0.96× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 14.2% net margin × 0.96× asset turnover × 1.25× leverage (assets divided by equity) ≈ 17.0% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 17.6% − 12.0% = +5.6 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. A gap this wide means each rupee put back into the business creates more than a rupee of value. The 17.6% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 19.2%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Dhanuka Agritech have too much debt? Dhanuka Agritech Ltd has total debt of ₹29.0 Cr against shareholder equity of ₹1,748 Cr as of Sep 2026, so its debt is 0.02× its equity, which is very little. Year by year, that ratio went from 0.03 in FY22 to 0.02 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the Dhanuka Agritech shareholding pattern? No group of Dhanuka Agritech Ltd's owners changed its stake by a full percentage point over the last two years. Foreign institutions moved −0.4 points over the same period, to 1.6%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Promoters: −0.5 points over 8 quarters, to 69.8%; Foreign institutions: −0.4 points over 8 quarters, to 1.6%; Domestic institutions: +0.3 points over 8 quarters, to 19.3%. ## How far is Dhanuka Agritech from balance-sheet trouble? For Dhanuka Agritech Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Dhanuka Agritech rank in its industry? 57.0 out of 100, rank 8 of 25 in Pesticides/Agrochemicals, with 100% of the evidence available. Dhanuka Agritech Ltd scores 57.0 out of 100 against the 25 companies it is compared with in Pesticides/Agrochemicals, ranking 8. Relative strength against the index is -2.8%, and revenue and profit growth are weak. The four parts add up to the total exactly: 10.8 + 19.6 + 9.2 + 17.4 = 57. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Dhanuka Agritech compared with? Dhanuka Agritech ranks 8 of 25 Pesticides/Agrochemicals companies on the 4-Factor Sector Score, with 57.0 out of 100. 1. [Sharda Cropchem Ltd](https://www.sectoralpha.in/stocks/sharda-cropchem-ltd) SHARDACROP · basing · Most evidence points up · 100% evidence 71.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.5/35 · Revenue 17.3% · Profit 42.5% · Operating margin change 2 points · 100% evidence Capital efficiency 19.5/25 · ROCE 30.2% · Operating margin 16% · 100% evidence Valuation 19.2/20 · P/E 9.3× · PEG 0.3 · 100% evidence Relative strength 4.6/20 · Lead over its industry -14.3% · Lead over NIFTY 500 -22.1% · 1 year -23.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 28.5 + 19.5 + 19.2 + 4.6 = 71.8 · What this means: Earnings are strong; relative strength in its sector is -14.3% and the one-year return is -23.1%. 2. [Titan Biotech Ltd](https://www.sectoralpha.in/stocks/titan-biotech-ltd) turning · Most evidence points up · 83% evidence 70.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.1/35 · Revenue 31.8% · Profit 38.7% · Operating margin change 2 points · 83% evidence Capital efficiency 20.2/25 · ROCE 22.8% · Operating margin 21% · 95% evidence Valuation 5.4/20 · P/E 51.8× · PEG n/a · 50% evidence Relative strength 16.7/20 · Lead over its industry 38.3% · Lead over NIFTY 500 25.1% · 1 year 101.5% · 100% evidence · 4 of 12 weeks ahead Exact sum: 28.1 + 20.2 + 5.4 + 16.7 = 70.4 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 3. [Bayer CropScience Ltd](https://www.sectoralpha.in/stocks/bayer-cropscience-ltd) BAYERCROP · quiet · Evidence leans up · 81% evidence 63.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.3/35 · Revenue -2.8% · Profit 23.8% · Operating margin change 2 points · 88% evidence Capital efficiency 19.6/25 · ROCE 29.1% · Operating margin 20% · 100% evidence Valuation 13.4/20 · P/E 20× · PEG 1.28 · 100% evidence Relative strength 8.6/20 · Lead over its industry n/a · Lead over NIFTY 500 -20.8% · 1 year -33.3% · 25% evidence · 0 of 12 weeks ahead Exact sum: 22.3 + 19.6 + 13.4 + 8.6 = 63.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Punjab Chemicals & Crop Protection Ltd](https://www.sectoralpha.in/stocks/punjab-chemicals-crop-protection-ltd) PUNJABCHEM · quiet · Evidence leans up · 81% evidence 63.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.3/35 · Revenue 8.2% · Profit 43.5% · Operating margin change 1 points · 88% evidence Capital efficiency 13.6/25 · ROCE 18.6% · Operating margin 12% · 100% evidence Valuation 15.9/20 · P/E 17.4× · PEG 0.33 · 100% evidence Relative strength 9.8/20 · Lead over its industry n/a · Lead over NIFTY 500 -9.4% · 1 year -36.4% · 25% evidence · 6 of 12 weeks ahead Exact sum: 24.3 + 13.6 + 15.9 + 9.8 = 63.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Dharmaj Crop Guard Ltd](https://www.sectoralpha.in/stocks/dharmaj-crop-guard-ltd) DHARMAJ · losing its lead · Evidence leans up · 81% evidence 63.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.8/35 · Revenue 8.7% · Profit 13.2% · Operating margin change 1 points · 88% evidence Capital efficiency 14.7/25 · ROCE 16.8% · Operating margin 15% · 100% evidence Valuation 17.5/20 · P/E 14.3× · PEG 0.38 · 100% evidence Relative strength 12.2/20 · Lead over its industry n/a · Lead over NIFTY 500 4.7% · 1 year -9.9% · 25% evidence · 3 of 12 weeks ahead Exact sum: 18.8 + 14.7 + 17.5 + 12.2 = 63.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [India Pesticides Ltd](https://www.sectoralpha.in/stocks/india-pesticides-ltd) IPL · quiet · Evidence leans up · 81% evidence 59.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.6/35 · Revenue 17% · Profit 10.1% · Operating margin change -2 points · 88% evidence Capital efficiency 15.4/25 · ROCE 16.6% · Operating margin 14% · 100% evidence Valuation 18.2/20 · P/E 12× · PEG 0.36 · 100% evidence Relative strength 8.2/20 · Lead over its industry n/a · Lead over NIFTY 500 -23% · 1 year -40.7% · 25% evidence · 0 of 12 weeks ahead Exact sum: 17.6 + 15.4 + 18.2 + 8.2 = 59.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Advance Agrolife Ltd](https://www.sectoralpha.in/stocks/advance-agrolife-ltd) ADVANCE · breaking out · Evidence leans up · 64% evidence 58.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.1/35 · Revenue 48.4% · Profit 81.5% · Operating margin change 1 points · 88% evidence Capital efficiency 14.1/25 · ROCE 19.6% · Operating margin 11% · 100% evidence Valuation 10.3/20 · P/E 16.3× · PEG n/a · 15% evidence Relative strength 12.4/20 · Lead over its industry n/a · Lead over NIFTY 500 10.6% · 1 year -8.6% · 25% evidence · 12 of 12 weeks ahead Exact sum: 22.1 + 14.1 + 10.3 + 12.4 = 58.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. Dhanuka Agritech Ltd this page DHANUKA · turning · Evidence leans up · 100% evidence 57.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 10.8/35 · Revenue 0% · Profit 0.7% · Operating margin change 0 points · 100% evidence Capital efficiency 19.6/25 · ROCE 25.9% · Operating margin 23% · 100% evidence Valuation 9.2/20 · P/E 14.4× · PEG 2.27 · 100% evidence Relative strength 17.4/20 · Lead over its industry 7.1% · Lead over NIFTY 500 -2.8% · 1 year -28.7% · 100% evidence · 0 of 12 weeks ahead Exact sum: 10.8 + 19.6 + 9.2 + 17.4 = 57 · What this means: Relative strength against the index is -2.8%, and revenue and profit growth are weak. 9. [Jubilant Ingrevia Ltd](https://www.sectoralpha.in/stocks/jubilant-ingrevia-ltd) JUBLINGREA · quiet · Evidence leans up · 93% evidence 54.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.0/35 · Revenue 15.4% · Profit 21.9% · Operating margin change 3 points · 100% evidence Capital efficiency 13.6/25 · ROCE 11.4% · Operating margin 15% · 100% evidence Valuation 6.7/20 · P/E 24.7× · PEG 2.26 · 65% evidence Relative strength 8.4/20 · Lead over its industry -2.6% · Lead over NIFTY 500 -11.7% · 1 year -19.1% · 100% evidence · 3 of 12 weeks ahead Exact sum: 26 + 13.6 + 6.7 + 8.4 = 54.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [Meghmani Organics Ltd](https://www.sectoralpha.in/stocks/meghmani-organics-ltd) MOL · breaking out · Evidence leans up · 64% evidence 52.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.0/35 · Revenue -7.8% · Profit 100% · Operating margin change 7 points · 88% evidence Capital efficiency 9.5/25 · ROCE 6.7% · Operating margin 18% · 100% evidence Valuation 9.6/20 · P/E 20.8× · PEG n/a · 15% evidence Relative strength 11.0/20 · Lead over its industry n/a · Lead over NIFTY 500 -0.5% · 1 year -35% · 25% evidence · 11 of 12 weeks ahead Exact sum: 22 + 9.5 + 9.6 + 11 = 52.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [GSP Crop Science Ltd](https://www.sectoralpha.in/stocks/gsp-crop-science-ltd) GSPCROP · quiet · Too little evidence to rank firmly · 59% evidence 51.0 out of 100 Growth Capital Valuation Relative
12. [Epigral Ltd](https://www.sectoralpha.in/stocks/epigral-ltd) EPIGRAL · quiet · Evidence leans down · 81% evidence 49.6 out of 100 Growth Capital Valuation Relative
13. [Rallis India Ltd](https://www.sectoralpha.in/stocks/rallis-india-ltd) RALLIS · quiet · Evidence leans down · 85% evidence 48.4 out of 100 Growth Capital Valuation Relative
14. [Bharat Rasayan Ltd](https://www.sectoralpha.in/stocks/bharat-rasayan-ltd) BHARATRAS · quiet · Evidence leans down · 96% evidence 45.3 out of 100 Growth Capital Valuation Relative
15. [Bhagiradha Chemicals & Industries Ltd](https://www.sectoralpha.in/stocks/bhagiradha-chemicals-industries-ltd) BHAGCHEM · quiet · Evidence leans down · 96% evidence 44.7 out of 100 Growth Capital Valuation Relative
16. [Shivalik Rasayan Ltd](https://www.sectoralpha.in/stocks/shivalik-rasayan-ltd) SHIVALIK · Evidence leans down · 63% evidence 43.9 out of 100 Growth Capital Valuation Relative
17. [Excel Industries Ltd](https://www.sectoralpha.in/stocks/excel-industries-ltd) EXCELINDUS · quiet · Evidence leans down · 64% evidence 42.7 out of 100 Growth Capital Valuation Relative
18. [NACL Industries Ltd](https://www.sectoralpha.in/stocks/nacl-industries-ltd) NACLIND · basing · Evidence leans down · 96% evidence 42.0 out of 100 Growth Capital Valuation Relative
19. [Best Agrolife Ltd](https://www.sectoralpha.in/stocks/best-agrolife-ltd) BESTAGRO · quiet · Evidence leans down · 90% evidence 42.0 out of 100 Growth Capital Valuation Relative
20. [Sumitomo Chemical India Ltd](https://www.sectoralpha.in/stocks/sumitomo-chemical-india-ltd) SUMICHEM · quiet · Evidence leans down · 85% evidence 41.7 out of 100 Growth Capital Valuation Relative
21. [UPL Ltd](https://www.sectoralpha.in/stocks/upl-ltd) UPL · basing · Evidence leans down · 71% evidence 41.5 out of 100 Growth Capital Valuation Relative
22. [Insecticides India Ltd](https://www.sectoralpha.in/stocks/insecticides-india-ltd) INSECTICID · quiet · Evidence leans down · 96% evidence 40.5 out of 100 Growth Capital Valuation Relative
23. [P I Industries Ltd](https://www.sectoralpha.in/stocks/p-i-industries-ltd) PIIND · quiet · Evidence leans down · 81% evidence 38.3 out of 100 Growth Capital Valuation Relative
24. [Astec Lifesciences Ltd](https://www.sectoralpha.in/stocks/astec-lifesciences-ltd) ASTEC · quiet · Most evidence points down · 71% evidence 32.7 out of 100 Growth Capital Valuation Relative
25. [Heranba Industries Ltd](https://www.sectoralpha.in/stocks/heranba-industries-ltd) HERANBA · quiet · Most evidence points down · 76% evidence 29.9 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Pesticides/Agrochemicals](https://www.sectoralpha.in/sectors/pesticides-agrochemicals), all 25 compared on one page. ## Which companies are close to Dhanuka Agritech in size? Dhanuka Agritech is the 7th largest of 25 Pesticides/Agrochemicals companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Bayer CropScience, Jubilant Ingrevia and Sharda Cropchem. Just below it: Epigral, Rallis India and NACL Industries. ### Pesticides/Agrochemicals companies close in size

1. [Bayer CropScience Ltd](https://www.sectoralpha.in/stocks/bayer-cropscience-ltd) ₹14,636 crore
2. [Jubilant Ingrevia Ltd](https://www.sectoralpha.in/stocks/jubilant-ingrevia-ltd) ₹8,894 crore
3. [Sharda Cropchem Ltd](https://www.sectoralpha.in/stocks/sharda-cropchem-ltd) ₹6,000 crore
4. Dhanuka Agritech Ltd ₹4,369 crore
5. [Epigral Ltd](https://www.sectoralpha.in/stocks/epigral-ltd) ₹3,773 crore
6. [Rallis India Ltd](https://www.sectoralpha.in/stocks/rallis-india-ltd) ₹3,566 crore
7. [NACL Industries Ltd](https://www.sectoralpha.in/stocks/nacl-industries-ltd) ₹2,589 crore

[All 25 Pesticides/Agrochemicals companies, largest first](https://www.sectoralpha.in/sectors/pesticides-agrochemicals#all-companies)

### Companies close in size in other industries

1. [Foseco India Ltd](https://www.sectoralpha.in/stocks/foseco-india-ltd) ₹4,419 crore · Chemicals - Organic
2. [63 Moons Technologies Ltd](https://www.sectoralpha.in/stocks/63-moons-technologies-ltd) ₹4,372 crore · IT - Software
3. Dhanuka Agritech Ltd ₹4,369 crore
4. [Saatvik Green Energy Ltd](https://www.sectoralpha.in/stocks/saatvik-green-energy-ltd) ₹4,365 crore · Electric Equipment - General
5. [Juniper Hotels Ltd](https://www.sectoralpha.in/stocks/juniper-hotels-ltd) ₹4,364 crore · Hotels

## What else do people ask about Dhanuka Agritech? ### What is Dhanuka Agritech's share price today? Dhanuka Agritech Ltd's share price is ₹939.15, −31.7% over the past year. The whole company is worth ₹4,187 Cr on the market. In the last 52 weeks it traded between ₹835 to ₹1,319; today it is 22% of the way up from the low, 10.7% below its 200-day average (as of 3 November 2026). ### What were Dhanuka Agritech's latest quarterly results? Dhanuka Agritech Ltd reported revenue of ₹658 Cr and net profit of ₹109 Cr for the Sep 2026 quarter. Revenue rose 10.0% and profit rose 16.0% compared with a year earlier. Earnings per share were ₹24.50. The operating margin was 23.0%, 0.0 percentage points higher than a year earlier (as of 3 November 2026). ### What is Dhanuka Agritech's market cap? Dhanuka Agritech Ltd's market capitalisation is ₹4,187 Cr at a share price of ₹939.15. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Dhanuka Agritech performing? Dhanuka Agritech Ltd's share price has been falling for 53 weeks. In its latest quarter, revenue rose 10.0% and profit rose 16.0% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 1 week running (as of 3 November 2026). ### Will Dhanuka Agritech's share price go up? This page does not forecast Dhanuka Agritech Ltd's share price. What it shows instead: the share price is ₹939.15, and it has been falling for 53 weeks. Its P/E of 13.8× is higher than 6% of its own last 11 years (as of 3 November 2026). ### Does Dhanuka Agritech have too much debt? No, Dhanuka Agritech Ltd has little debt: its debt is 0.02× its equity, and its operating profit is more than 100 times its interest bill. FY26 borrowings were ₹31.0 Cr against equity of ₹1,682 Cr. So the returns on this page come from the business, not borrowed money (as of 3 November 2026). ### Where is Dhanuka Agritech in its business cycle? Dhanuka Agritech Ltd's FY26 operating margin was 20.0%, against a 13-year range of 15.0% to 20.0%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 23.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Dhanuka Agritech story? The main question: yearly earnings per share moved −3.3% while the share price moved −31.7%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Dhanuka Agritech a stock worth studying right now? What the numbers show: Dhanuka Agritech Ltd's share price has fallen more than its earnings. Earnings per share fell 3.3% in a year while the price moved −31.7%. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Dhanuka Agritech share price forecast for 2026? What management itself guided: FY27 full-year revenue growth low single-digit. This is research, not advice. We’re not SEBI-registered.