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ICRA upgrades ratings to Dhanuka Agritech’s various borrowing

02 Jan 2014 Evaluate

ICRA has upgraded the rating assigned A+ to Dhanuka Agritech’s fund based facilities worth Rs 50.0 crore from A. The rating agency has also upgraded the short-term rating from A1 to A1+ for Rs. 50.0 crore non-fund based limits of Company.

The rating action factors in the strong revenue growth witnessed by DAL during H1-FY2014 driven by increased agricultural activity during the Kharif crop season, on the back of good monsoon; increasing revenue contribution for DAL from speciality products (formulations manufactured under tie-ups with established international technical manufacturers); and the marketing initiatives undertaken by the company to enhance its brand presence.

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.

Dhanuka Agritech Share Price

1082.40 30.85 (2.93%)
12-Jun-2026 16:59 View Price Chart
Peers
Company Name CMP
UPL 610.00
PI Industries 2839.80
Bayer CropScience 4250.30
Sharda Cropchem 922.20
Sumitomo Chemical 461.45
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