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NSEOct 28, 2020 03:31 PM
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|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2018-08-11||Agri-Tech (India) Ltd.||Emkay||75.50||75.50 (-62.65%)||Buy|
Dhanuka Agritech's reported muted top-line growth of 2.4% yoy to Rs 2.1bn, broadly in line with our estimates of Rs2.2bn. The company registered 5% volume growth due to subdued market demand and uneven rainfall. Gross margin contracted by 240bps yoy to 35.2%, primarily due to unfavorable product mix coupled with sharp rupee depreciation and lower tax refund in GST regime. EBITDA...
|2016-05-11||Agri-Tech (India) Ltd.||Choice India||Buy|
Dhanuka Agritech Ltd. (Dhanuka) manufactures a wide range of agrochemicals such as herbicides, insecticides, fungicides, plant growth regulators in various forms liquid, dust, powder and granules. The company has been performing well since the past two years even though it has been subject to headwinds such as unpredictable monsoon and volatile currency movements. Dhanuka has displayed stellar growth with...