Dhanuka Agritech surges on getting fundamental grade ‘4/5’ from CRISIL

29 Jun 2012

Dhanuka Agritech is currently trading at Rs. 97.25, up by 1.05 points or 1.09% from its previous closing of Rs. 96.20 on the BSE.

The scrip opened at Rs. 96.05 and has touched a high and low of Rs. 98.95 and Rs. 96.05 respectively. So far 432 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 114.90 on 27-Jul-2011 and a 52 week low of Rs. 80.10 on 15-Mar-2012.

Last one week high and low of the scrip stood at Rs. 102.50 and Rs. 96.00 respectively. The current market cap of the company is Rs. 486.44 crore.

The promoters holding in the company stood at 74.99% while Institutions and Non-Institutions held 8.25% and 16.76% respectively.

Credit rating agency, CRISIL has assigned fundamental grade of ‘4/5’ to Dhanuka Agritech, a branded pesticide manufacturer. The rating agency has also assigned valuation grade of ‘4/5’ to the company. CRISIL has indicated fair value of the company’s equity share at Rs 117 per share.

The fundamental grade indicates that the company’s fundamentals are superior driven by the company’s consistently robust financial performance. The valuation grade indicates that the current market price has an upside.

Further, the rating is based on the company’s extensive distribution network, diversified product portfolio, product pipeline, management experience and higher RoE than peers. The upbeat prospects of the domestic industry further support the grade.

Dhanuka Agritech is the umbrella company for the business of agro-chemicals, fertilizers, and seeds of Dhanuka Group. The company reaches out to more than 10 million farmers with its eco-friendly high quality crop care products. The Agri-Division has a pan-India presence through its marketing offices in all major states in India.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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