Sell Dhanuka Agritech, target price Rs 1170: Axis Securities

Axis Securities has sell call on Dhanuka Agritech with a target price of Rs 1170. The current market price of Dhanuka Agritech is Rs 1248.

Dhanuka Agritech Ltd., incorporated in the year 1985, is a Small Cap company (having a market cap of Rs 5662.20 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-2022.



Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 383.59 Crore, down -6.56 % from last quarter Total Income of Rs 410.52 Crore and down -.62 % from last year same quarter Total Income of Rs 385.97 Crore. Company reported net profit after tax of Rs 59.02 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 70.18 per cent stake in the company as of 31-Mar-2024, while FIIs owned 1.49 per cent, DIIs 18.9 per cent.