Reasons for buying:
Buy PE was reasonable at 14.52 below the 10-year PE median of 19.61.
The 5-year earnings average is 13.43% and earnings increasing since 2013 with a slight blip in 2020.
Return on equity is good at 23% but the 5-year average is 22%.
The market cap of the company is ₹3,069 Cr.
The debt of the company is ₹0.96Cr with ₹198 Cr cash.
Buy date: 03-Oct-2022
Qty: 15 Buy Price: ₹653 Buy EPS: ₹44.96 Buy PE: 14.52
I will stop adding when EPS drops below ₹32.65 or R3 does not satisfy.
Buyback
Qty:8 Sell Price: ₹850 Sell EPS: ₹47.03 Sell PE: 18.07
Profit: ₹1,576
Dhanuka Agritech is involved in the manufacturing and marketing of plant protection agrochemicals. The product range consists of Insecticides, Herbicides, Fungicides, and plant growth regulators. The company offers crop solutions for various crops. Its brand portfolio consists of more than 85 brands. The firm generates a majority of its revenue from agrochemicals. The company has a strategic partnership with American, Japanese, and European companies. Its manufacturing facilities are located in Gurgaon (Haryana), Sanand (Gujarat),, Udhamput (Jammu and Kashmir), and Keshwana (Rajasthan). Dhanuka's target customers are farmers.
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