CRISIL maintains fundamental grade of 4/5 on Dhanuka Agritech

31 May 2013

Credit rating agency, CRISIL has maintained fundamental grade of 4/5 on Dhanuka Agritech. The rating agency has also maintained valuation grade of 3/5 on the company. The company has received the said rating as its EBITDA margin outperformed, on account of write-back of provisions related to dealer discounts, and pushed up earnings.

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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