Dhanuka-Agritech-Limited-buyback-elitewealth
  • By Elite Wealth
  • / November 4, 2022
  • / Buyback

Dhanuka Agritech Limited Details :

Dhanuka Agritech Limited is one of India’s leading agri-input companies, and is listed by Forbes Magazine in the category of “200 Best under A Billion Companies in Asia Pacific”. The Company is listed with the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) of India. The company has been awarded Company of the Year in Agro Chemical Category by the Federation of Indian Chambers of Commerce and Industry (FICCI) in the 10th Biennial International Exhibition and Conference –India Chem 2018.

Dhanuka has a Pan-India presence in all major states across India. The company has 3 manufacturing units with 39 warehouses and a network of over 8 branch offices across the Indian geography caters to 6,500 distributors & approximately 75,000 dealers. Dhanuka Agritech Limited has one of the most extensive market penetration in the agri-input industry with more than 321 registrations including Herbicides, Insecticides, Fungicides, and Plant Growth Regulators /Bio- Stimulants and with over 330 active SKUs. Dhanuka has developed several Public-Private and Private-Private partnerships for agricultural extension projects which are accelerating the transfer of improved agriculture technology all across the Indian farming community.

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    Dhanuka Agritech Limited Buyback Details:

    Issue open [.]
    Issue close [.]
    Ex-Date 17th October 2022
    Record Date 18th October 2022
    Security Name Dhanuka Agritech Limited
    Issue Type Tender Offer
    Issue Size (Shares) 0.10 Crores
    Issue Size (Amount) ₹85.00 Crores
    Buyback Price ₹850 per share
    Face Value ₹2 per share
    Listing At BSE, NSE

     

    Dhanuka Agritech Limited Buyback

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    Dhanuka Agritech Limited Financial Information:

    Particulars Q2 FY-23(in cr.) Q1 FY-23(in cr.) Q2 FY-22(in cr.) YoY QoQ
    Revenue from operations 392.73 318.30 363.79 8.0 23.4
    Other Income 16.85 12.19 7.75 99+ 38.2
    Cost Of Goods Sold 264.02 189.25 241.05 9.5 39.5
    Employee Cost 32.20 27.53 29.35 9.7 17.0
    Other expenses 45.04 36.32 32.28 39.5 24.0
    EBITDA 68.33 77.38 68.86 -0.8 -11.7
    EBITDA margin% 17.40 24.31 18.93 -8.1 -28.4
    Depreciation 3.78 4.45 3.81 -0.7 -15.0
    Interest 0.80 0.76 0.89 -10.4 5.0
    PBT 63.75 72.17 64.16 -0.6 -11.7
    Total tax 14.64 17.77 15.56 -5.9 -17.6
    PAT 49.11 54.40 48.60 1.0 -9.7
    PAT margin% 11.99 16.46 13.08 -8.3 -27.2
    Dep./revenue% 0.96 1.40 1.05 -8.0 -31.1
    Int./revenue% 0.20 0.24 0.24 -17.0 -14.9

    Necessity of the Issue:

    • The Buyback will help the Company to distribute surplus cash to its equity shareholders thereby, enhancing the overall return to shareholders

    • The Buyback is generally expected to improve return on equity through the distribution of cash and improve earnings per share by a reduction in the equity base of the Company, thereby leading to a long-term increase in shareholders’ value

    Dhanuka Agritech Limited’s shareholding pattern:

     

    Category of shareholder Pre Buyback
    Number of Shares % age
    Promoters 3,26,04,716 70%
    Public shareholders 1,39,73,608 30%
    Total 4,65,78,324 100.00%

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