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