CRISIL assigns ‘4/5’ fundamental grade to Dhanuka Agritech

Dhanuka Agritech has been assigned ‘4/5’ Fundamental grade & ‘4/5’ Valuation grade by CRISIL Research. CRISIL has indicated fair value of the Company's Equity Share at Rs 150 in its September 4, 2013 Independent Equity Research Report. The Fundamental grade indicates that Dhanuka's fundamentals are 'Superior' driven by company's consistently robust financial performance.

The Valuation grade indicates that the Current Market Price has an upside. The rating is based on the Company's performance in Q1FY14. The upbeat prospects of the domestic agro-chemicals industry, due to good monsoon 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.