Dhanuka Agritech Limited

Dhanuka Agritech Limited manufactures a wide range of agro-chemicals like herbicides, insecticides, fungicides, miticides, plant growth regulators in various forms – liquid, dust, powder, and granules. Company has PAN-India presence through the marketing offices in all major states across India. The 3 manufacturing units with 40 warehouses and network of over 14 branch offices across the Indian geography caters to 7200 Distributors & around 75,000 Dealers. Dhanuka Agritech Limited with more than 150 registrations including Herbicides, Insecticides, Fungicides and Plant Growth Regulators /Bio- Stimulants and with over 350 active SKUs has one of the most extensive market penetration in Agrochemical Industry. Dhanuka has solutions for all major crops grown in the country including cotton, paddy, wheat, sugarcane, pulses, fruits & vegetables, plantation crops and others. The Company’s impetus is on marketing quality and eco-friendly chemistry which comply with ICM/IPM, and is safe to human beings and beneficial to flora & fauna. Dhanuka is recognized as one of the leader's amongst Indian Agrochemical Companies in branded agrochemical product sales. The Company has developed several Public-Private and Private-Private partnerships for agricultural extension projects which are accelerating the transfer of improved agriculture technology to the Indian farming community. The financials of the company are good and growing, RoNW is 25% and at CMP its looks fully priced. So we give NEUTRAL rating to this buyback, but who are holding may tender their shares and get profit by price difference.

• 1 Mr. Rajesh Pirogiwal
• 2 Mrs. Sunita Pirogiwal
• 3 Miss Tanvi Pirogiwal