Dhanuka Agritech Valuation Multiples

Dhanuka Agritech is valued at $402M as of October 2026, a 1.7x revenue multiple. In the last 12 months, Dhanuka Agritech revenue was $220M and Dhanuka Agritech EBITDA was $42M.

Dhanuka Agritech Overview

About Dhanuka Agritech

Dhanuka Agritech makes and markets crop protection products such as herbicides, insecticides and fungicides, sold to farmers through a dealer network. It runs formulation plants in Gujarat and Rajasthan. Headquartered in Gurugram.


Founded

1985

HQ

India

Employees

1.2K

Financials (LTM)

Revenue: $220M
EBITDA: $42M

EV

$371M

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Dhanuka Agritech Financials

Dhanuka Agritech reported last 12-month revenue of $220M and EBITDA of $42M.

In the same LTM period, Dhanuka Agritech generated $87M in gross profit, $42M in EBITDA, and $30M in net income.


Dhanuka Agritech P&L

In the most recent fiscal year, Dhanuka Agritech reported revenue of $206M and EBITDA of $45M.

Dhanuka Agritech is profitable as of last fiscal year, with gross margin of 38%, EBITDA margin of 22%, and net margin of 15%.

See analyst estimates for Dhanuka Agritech
LTMLast FY202320242025202620272028
Revenue$220M$206M$182M$205M$208M
Gross Profit$87M$79M$67M$80M$80M
Gross Margin40%38%37%39%38%
EBITDA$42M$45M$35M$43M$45M
EBITDA Margin19%22%19%21%22%
EBIT Margin16%18%16%18%18%
Net Profit$30M$30M$25M$30M$31M
Net Margin14%15%14%15%15%
Net Debt-$1M---

Financial data powered by Morningstar, Inc.

Dhanuka Agritech Stock Performance

Dhanuka Agritech has current market cap of $402M, and enterprise value of $371M.


Dhanuka Agritech's stock price is $9.02.

Dhanuka Agritech share price decreased by 6.7% in the last 30 days, and by 41.8% in the last year.

Dhanuka Agritech has an EPS (earnings per share) of $0.68.

See more trading valuation data for Dhanuka Agritech
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$371M$402M-0.8%-6.7%-15.9%-41.8%$0.68

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Dhanuka Agritech Valuation Multiples

Dhanuka Agritech trades at 1.7x EV/Revenue multiple, and 8.8x EV/EBITDA.

See NTM and 2027E valuation multiples for Dhanuka Agritech

Dhanuka Agritech Financial Valuation Multiples

As of October 22, 2026, Dhanuka Agritech has market cap of $402M and EV of $371M.

Dhanuka Agritech has a P/E ratio of 13.4x.

LTMLast FY202320242025202620272028
EV/Revenue1.7x1.8x2.0x1.8x1.8x
EV/EBITDA8.8x8.2x10.5x8.6x8.2x
EV/EBIT10.5x10.2x12.4x10.2x10.1x
EV/Gross Profit4.2x4.7x5.5x4.6x4.7x
P/E13.4x13.2x16.0x13.5x13.1x
EV/FCF17.5x21.3x104.1x60.4x25.2x

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified Dhanuka Agritech Valuation Multiples

Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.

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Dhanuka Agritech Margins & Growth Rates

Dhanuka Agritech grew revenue by 11% but EBITDA decreased by 5% in the last fiscal year.

In the most recent fiscal year, Dhanuka Agritech reported gross margin of 38%, EBITDA margin of 22%, and net margin of 15%.

See estimated margins and future growth rates for Dhanuka Agritech

Dhanuka Agritech Margins

Last FY202420252026202720282029
Gross Margin38%39%38%39%
EBITDA Margin22%21%22%19%
EBIT Margin18%18%18%16%
Net Margin15%15%15%14%
FCF Margin8%3%7%10%

Dhanuka Agritech Growth Rates

FY+1/FY23/2424/2525/2626/2727/2828/29
Revenue Growth11%13%1%8%
Gross Profit Growth15%19%(0%)9%
EBITDA Growth(5%)23%5%(4%)
EBIT Growth(3%)22%2%(4%)
Net Profit Growth1%19%3%(0%)
FCF Growth40%72%140%54%

Data powered by FactSet, Inc. and Morningstar, Inc.

Dhanuka Agritech Operational KPIs

Dhanuka Agritech's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.0M for the same period.

Dhanuka Agritech's Rule of 40 is 27% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Dhanuka Agritech's Rule of X is 38% (created by Bessemer, Rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Access forward-looking KPIs for Dhanuka Agritech
LTMLast FY202320242025202620272028
Rule of 4031%27%---
Bessemer Rule of X49%38%---
Revenue per Employee-$0.2M---
Opex per Employee-$0.0M---
S&M Expenses to Revenue-3%4%3%3%
R&D Expenses to Revenue-0%0%0%0%
Opex to Revenue-20%21%21%21%

Data powered by FactSet, Inc. and Morningstar, Inc.

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Dhanuka Agritech Competitors

Dhanuka Agritech competitors include Kaveri Seed Co, Valhi, Premier Explosives, Responsive Indus, Select Harvests, Dalmia Bharat Sugar, AdvanSix, Intrepid Potash, Rallis India and Trualt Bioenergy.

Most Dhanuka Agritech public comparables operate across Chemicals, Agriculture and AgriTech.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Kaveri Seed Co$147M$39M2.4x2.5x9.1x10.5x
Valhi$2.1B$64M0.6x0.6x17.9x-
Premier Explosives$41M$8M9.6x-52.1x-
Responsive Indus$147M$26M2.9x-16.8x-
Select Harvests$279M$35M2.4x2.1x18.7x9.2x
Dalmia Bharat Sugar$382M$50M1.4x1.3x10.7x9.1x
AdvanSix$1.5B$143M0.5x0.5x5.8x7.6x
Intrepid Potash$298M$50M0.8x0.9x4.8x3.6x

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Investments by Dhanuka Agritech

Dhanuka Agritech has invested in 1 company to date.

Latest investment by Dhanuka Agritech was on September 25th 2025. Dhanuka Agritech invested in KisanKonnect in their $8M Series B round (EV/Revenue multiple available to Pro users).

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Latest Investments by Dhanuka Agritech

KisanKonnect
KisanKonnect
Description
KisanKonnect is a farmer-producer company in Maharashtra, India, operating an integrated system with 500 village collection centers sourcing fruits and vegetables from 10,000 farmers. The Pune-based firm delivers hygienic produce daily to Mumbai and Pune consumers through its app and retail outlets.
KisanKonnect is a farmer-producer company in Maharashtra, India, operating an integrated system with 500 village collection centers sourcing fruits and vegetables from 10,000 farmers. The Pune-based firm delivers hygienic produce daily to Mumbai and Pune consumers through its app and retail outlets.
HQ CountryIndiaIndia
HQ City
Mumbai
Mumbai
Deal Date25 Sep 202515 Jan 2024
RoundSeries BSeed
Raised$8M$4M
InvestorsBajaj Finserv; Mistry Ventures; Action Tessa Family Office; Dhanuka Agritech; Desai Brothers; Mother’s RecipeVC Grid; Grid VC; Midas Capital; Dhanuka Agritech; Green Frontier Capital
Valuationundisclosedundisclosed
EV/Revenue
EV/EBITDA

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About Dhanuka Agritech

When was Dhanuka Agritech founded?Dhanuka Agritech was founded in 1985.
Where is Dhanuka Agritech headquartered?Dhanuka Agritech is headquartered in India.
How many employees does Dhanuka Agritech have?As of today, Dhanuka Agritech has over 1K employees.
Is Dhanuka Agritech publicly listed?Yes, Dhanuka Agritech is a public company listed on Bombay Stock Exchange.
What is the stock symbol of Dhanuka Agritech?Dhanuka Agritech trades under 507717 ticker.
When did Dhanuka Agritech go public?Dhanuka Agritech went public in 1991.
Who are competitors of Dhanuka Agritech?Dhanuka Agritech main competitors include Kaveri Seed Co, Valhi, Premier Explosives, Responsive Indus, Select Harvests, Dalmia Bharat Sugar, AdvanSix, Intrepid Potash, Rallis India, Trualt Bioenergy.
What is the current market cap of Dhanuka Agritech?Dhanuka Agritech's current market cap is $402M.
What is the current revenue of Dhanuka Agritech?Dhanuka Agritech's last 12 months revenue is $220M.
What is the current revenue growth of Dhanuka Agritech?Dhanuka Agritech revenue growth (NTM/LTM) is 12%.
What is the current EV/Revenue multiple of Dhanuka Agritech?Current revenue multiple of Dhanuka Agritech is 1.7x.
What is the current EBITDA of Dhanuka Agritech?Dhanuka Agritech's last 12 months EBITDA is $42M.
What is Dhanuka Agritech's EBITDA margin?Dhanuka Agritech's last 12 months EBITDA margin is 19%.
What is the current EV/EBITDA multiple of Dhanuka Agritech?Current EBITDA multiple of Dhanuka Agritech is 8.8x.
What is the current FCF of Dhanuka Agritech?Dhanuka Agritech's last 12 months FCF is $21M.
What is Dhanuka Agritech's FCF margin?Dhanuka Agritech's last 12 months FCF margin is 10%.
What is the current EV/FCF multiple of Dhanuka Agritech?Current FCF multiple of Dhanuka Agritech is 17.5x.
How many companies Dhanuka Agritech has acquired to date?Dhanuka Agritech hasn't acquired any companies yet (or none have been disclosed publicly).
In how many companies Dhanuka Agritech has invested to date?As of October 2026, Dhanuka Agritech has invested in 1 company.
What was the last Dhanuka Agritech investment?On 25th September 2025 Dhanuka Agritech invested in KisanKonnect, participating in a $8M Series B round, alongside Bajaj Finserv, Mistry Ventures, Action Tessa Family Office, Desai Brothers, and Mother’s Recipe.
In what companies Dhanuka Agritech invested in?Dhanuka Agritech invested in KisanKonnect.

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