Dhanuka Agritech Ltd (BOM:507717)
₹ 1,008.95 -3.75 (-0.37%) Market Cap: 44.98 Bil Enterprise Value: 42.08 Bil PE Ratio: 16.97 PB Ratio: 2.70 GF Score: 96/100

Q3 2026 Dhanuka Agritech Ltd Earnings Call Transcript

Feb 05, 2026 / 10:30AM GMT
Release Date Price: ₹1069.75 (-4.74%)

Key Points

Positve
  • Dhanuka Agritech Ltd (BOM:507717) has set up two research and technology centers to enhance innovation and product development.
  • The company has international collaborations with 10 leading global agrochemical companies, aiding in the introduction of the latest technology in India.
  • Dhanuka Agritech Ltd has a strong sales and marketing team, with a network of 6,500 distributors and 80,000 retailers across India.
  • The company is working towards making its Dahej operations EBITDA positive by FY27, aiming for 80% capacity utilization.
  • Dhanuka Agritech Ltd is planning to launch three new products next year, including two fungicides and a specialty offering for enhancing spray efficiency.
Negative
  • Agrochemical demand remained weak due to weather issues and low crop prices, leading to industry-wide volume decline.
  • The company's revenue from operations decreased from INR445.27 crores in Q3 FY24, '25 to INR409.92 crores in Q3 FY25, '26.
  • EBITDA fell from INR75.56 crores in Q3 FY24, '25 to INR58.66 crores in Q3 FY25, '26.
  • Profit after tax decreased from INR55.04 crores in Q3 FY24, '25 to INR40 crores in Q3 FY25, '26.
  • The company faced a significant impact on sales due to regulatory challenges affecting biostimulant products, resulting in a sales loss of INR49 crores over nine months.
Operator

Ladies and gentlemen, good day, and welcome to the Q3 and nine months FY26 post results conference call of Dhanuka Agritech Limited hosted by Antique Stock Broking Limited. (Operator Instructions)

I now hand the conference over to Mr. Riju Dalui from Antique Stockbroking Limited. Thank you, and over to you, sir.

Riju Dalui
Antique Stock Broking Ltd - Analyst

Thank you. Good afternoon, everyone. I'm pleased to host today's earnings call of Dhanuka Agritech. We have the leadership team represented by Mr. M.K. Dhanuka, Chairman; Mr. Rahul Dhanuka, Managing Director; Mr. Harsh Dhanuka, Executive Director; and Mr. V.K. Bansal, CFO on the call.

Without any delay, I would like to invite Mr. M.K. Dhanuka to start with opening comments, post which we will open the floor for Q&A. Thank you, and over to you, sir.

Mahendra Dhanuka
Dhanuka Agritech Ltd - Executive Vice Chairman of the Board, Joint Managing Director

Thank you, Riju. Good afternoon, ladies and gentlemen. I am M.K. Dhanuka, Chairman of

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