Buy Dhanuka Agritech, target price Rs 886: HDFC Securities

HDFC Securities has buy call on Dhanuka Agritech with a target price of Rs 886. The current market price of Dhanuka Agritech is Rs 856.4.

Time period given by analyst is 2 weeks when Dhanuka Agritech price can reach defined target.

Dhanuka Agritech Ltd., incorporated in the year 1985, is a Small Cap company (having a market cap of Rs 3983.15 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 30-06-2021, the company reported a Consolidated Total Income of Rs 371.54 Crore, up 30.68 % from last quarter Total Income of Rs 284.30 Crore and down -2.54 % from last year same quarter Total Income of Rs 381.21 Crore. Company reported net profit after tax of Rs 48.60 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 75.2 per cent stake in the company as of Dec 30, 2020, while FIIs held 6.3 per cent, DIIs 12 per cent and public and others 12.8 per cent.