Buy Dhanuka Agritech, target price Rs 1000: Emkay Global

Emkay Global has buy call on Dhanuka Agritech with a target price of Rs 1000. The current market price of Dhanuka Agritech is Rs 713.85. Time period given by analyst is one year when Dhanuka Agritech Ltd. price can reach defined target.

Dhanuka Agritech Ltd., incorporated in the year 1985, is a Small Cap company (having a market cap of Rs 3330.35 Crore) operating in Pesticides/Agro Chemicals sector.

Dhanuka Agritech Ltd. key Products/Revenue Segments include Agrochemicals, Other Operating Revenue, Scrap and Power Generation for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 363.58 Crore, down -18.43 % from last quarter Total Income of Rs 445.76 Crore and up 19.19 % from last year same quarter Total Income of Rs 305.04 Crore. Company has reported net profit after tax of Rs 42.52 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 70.0 per cent stake in the company as of 31-Dec-2021, while FIIs owned 4.18 per cent, DIIs 17.05 per cent.