External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

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Equity Bottom-Up

<ul><li>Dhanuka Agritech Ltd is a leading agrochemical company in India, manufacturing a diverse range of agrochemicals, including herbicides, insecticides, fungicides, and plant growth regulators in various forms such as liquid, dust, powder, and granules.</li><li>The company has over 300 product registrations across these categories and a portfolio of ~90 products.</li><li>Its pan-India distribution network includes ~6,500 distributors and dealers, along with 80,000 retailers.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Dhanuka Agritech Ltd is a leading agrochemical company in India, manufacturing a diverse range of agrochemicals, including herbicides, insecticides, fungicides, and plant growth regulators in various forms such as liquid, dust, powder, and granules.The company has over 300 product registrations across these categories and a portfolio of ~90 products.Its pan-India distribution network includes ~6,500 distributors and dealers, along with 80,000 retailers.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Pick of the Week: Dhanuka Agritech Ltd - 9 December 2024

<ul><li>Positive Rabi acreages outlook: Dhanuka reported a 33% QoQ revenue growth despite significantly higher sales returns (~Rs 100 Cr) and pricing pressure.</li><li>While the overall rainfall has been very good, heavy rains in August and September impacted insecticide volumes. However, the introduction of new products helped the company improve its topline.</li><li>Going forward, with a good reservoir position and a favourable groundwater situation, Rabi acreages are expected to show a positive trajectory. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Positive Rabi acreages outlook: Dhanuka reported a 33% QoQ revenue growth despite significantly higher sales returns (~Rs 100 Cr) and pricing pressure.While the overall rainfall has been very good, heavy rains in August and September impacted insecticide volumes. However, the introduction of new products helped the company improve its topline.Going forward, with a good reservoir position and a favourable groundwater situation, Rabi acreages are expected to show a positive trajectory. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Dhanuka Agritech Ltd - Positive Outlook on Rabi Season

<ul><li>Dhanuka Agritech Ltd reported a strong set of numbers, surpassing estimates on all fronts.</li><li>The company reported revenue of Rs 494 Cr, up 34% YoY and QoQ, exceeding estimates by 22%.</li><li>EBITDA was Rs 72 Cr, up 65% YoY but down 11% QoQ, beating our estimate of Rs 65 Cr. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Dhanuka Agritech Ltd reported a strong set of numbers, surpassing estimates on all fronts.The company reported revenue of Rs 494 Cr, up 34% YoY and QoQ, exceeding estimates by 22%.EBITDA was Rs 72 Cr, up 65% YoY but down 11% QoQ, beating our estimate of Rs 65 Cr. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Dhanuka Agritech Ltd - Stellar Performance

Thematic (Sector/Industry)

<ul><li>Chemicals &amp; Agrochemicals: Recent exports trends and pricing data indicates that most specialty chemical companies may continue to experience pricing pressures while there may be some signs of recovery in certain pockets.</li><li>We expect most of the companies to post volume lead revenue growth, while the margin expansion is expected to be limited due to competitive pricing.</li><li>Furthermore, with the logistical challenges persisting during the quarter, the export volumes and freight costs remained impacted. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Chemicals &amp; Agrochemicals: Recent exports trends and pricing data indicates that most specialty chemical companies may continue to experience pricing pressures while there may be some signs of recovery in certain pockets.We expect most of the companies to post volume lead revenue growth, while the margin expansion is expected to be limited due to competitive pricing.Furthermore, with the logistical challenges persisting during the quarter, the export volumes and freight costs remained impacted. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Q3FY25 Earnings Preview - Chemicals, Capital Goods and Midcaps

<ul><li>Dhanuka Agritech reported revenue of Rs. 403 Crs, up by 2.5% YoY and down by 35% QoQ, missing our estimate by 10%.</li><li>Company reported Ebitda of Rs. 62 crs, up by 20% YoY and down by 56% QoQ, inline with our estimate of Rs. 63 crs.</li><li>Dhanuka reported EBITDA margin of 15.4%. EBITDA Margins elevated due to better operating performance, against 13% YoY. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Dhanuka Agritech reported revenue of Rs. 403 Crs, up by 2.5% YoY and down by 35% QoQ, missing our estimate by 10%.Company reported Ebitda of Rs. 62 crs, up by 20% YoY and down by 56% QoQ, inline with our estimate of Rs. 63 crs.Dhanuka reported EBITDA margin of 15.4%. EBITDA Margins elevated due to better operating performance, against 13% YoY. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Dhanuka Agritech Ltd - Gross Margins Cushion Value Erosion, ITI to Drive Growth in FY25

India

Dhanuka Agritech Ltd. manufactures insecticides, pesticides and other chemicals. The Company has a technical tie-up with M/s E.I. Dupont De Numours & Co., U.S.A. to formulate the product Methomyl 12.5L under brand name "Dunet".

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Dhanuka Agritech (DAGRI IN)

Pick of the Week: Dhanuka Agritech Ltd - 9 December 2024

Dhanuka Agritech Ltd is a leading agrochemical company in India, manufacturing a diverse range of agrochemicals, including herbicides,...

Axis Direct

Dhanuka Agritech Ltd - Positive Outlook on Rabi Season

Positive Rabi acreages outlook: Dhanuka reported a 33% QoQ revenue growth despite significantly higher sales returns (~Rs 100 Cr) and pricing...

Axis Direct

Dhanuka Agritech Ltd - Stellar Performance

Dhanuka Agritech Ltd reported a strong set of numbers, surpassing estimates on all fronts. The company reported revenue of Rs 494 Cr, up 34% YoY...

Axis Direct

Q3FY25 Earnings Preview - Chemicals, Capital Goods and Midcaps

Recent exports trends and pricing data indicates that most specialty chemical companies may continue to experience pricing pressures while there...

Axis Direct

Dhanuka Agritech Ltd - Gross Margins Cushion Value Erosion, ITI to Drive Growth in FY25

Dhanuka Agritech reported revenue of Rs. 403 Crs, up by 2.5% YoY and down by 35% QoQ, missing our estimate by 10%. Company reported Ebitda of Rs....

Axis Direct

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