Dhanuka Agritech Limited reported resilient growth for the quarter and year ended March 31, 2026. The company achieved Rs. 483.34 crore in revenue for Q4 FY26, representing a 9% year-on-year growth. Strong operational efficiency and a favorable product mix contributed to a robust Profit After Tax of Rs. 97.77 crore. The board has also recommended a dividend of 100% (Rs. 2 per equity share) and approved a Rs. 70 crore share buyback program.
Quarterly Financial Performance
For Q4 FY26, Dhanuka Agritech recorded a revenue of Rs. 483.34 crore, compared to Rs. 442.02 crore in the previous year’s corresponding quarter. The company’s EBITDA stood at Rs. 124.89 crore, up from Rs. 109.75 crore. The significant improvement in profitability was supported by disciplined cost management and a one-time impact from GST refunds, which amounted to Rs. 29 crore for the full fiscal year.
Strategic Initiatives and Shareholder Value
In a move to enhance long-term shareholder value, the Board of Directors has recommended a dividend of 100%, amounting to Rs. 2 per share. Additionally, the company has approved a buyback of up to 5 lakh equity shares at a maximum price of Rs. 1,400 per share, with a total outlay not exceeding Rs. 70 crore. The management also announced the introduction of an Employee Stock Option Plan (ESOP) to foster an entrepreneurial culture within the organization.
Product Portfolio and Market Expansion
The company maintains a strong focus on high-value chemistries. Currently, 26% of total revenue is derived from recent product innovations. While the agrochemical industry faces challenges like erratic climate patterns and geopolitical tensions, Dhanuka continues to leverage its four manufacturing facilities and 41 warehouses to maintain a robust supply chain. Efforts are underway to scale production in Dahej and integrate newly acquired molecules, including Triadimenol and Iprovalicarb, to drive future growth in both domestic and international markets.
Outlook for FY27
Management remains optimistic about the upcoming Kharif season, citing favorable rainfall forecasts and robust demand for herbicide solutions. Despite inflationary pressures on raw materials, the company expects to maintain gross margins of 25-26%. The focus remains on sustainable business growth, strengthening the biological and biostimulant portfolios, and navigating the evolving landscape of Indian agriculture through technology-led crop solutions.
Source: BSE
