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.
| Company Name | CMP |
|---|---|
| UPL | 610.00 |
| PI Industries | 2839.80 |
| Bayer CropScience | 4250.30 |
| Sharda Cropchem | 922.20 |
| Sumitomo Chemical | 461.45 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: