Dhanuka Agritech Limited

Chemicals: Specialty/ NSE

Compiled

Auto-generated from filings and public channels — no analyst dossier.

If management delivers what it guided

arithmetic on filed guidance and past valuations · not a price target

DHANUKA

FY26 → FY27 · 1 year of guidance · ~0.7 years from today₹1,022 today

BEAR

₹902

-12%

6.4% a year · 13.3x exit

BASE

₹1,149

+12%

11% a year · 16.2x exit

BULL

₹1,400

+37%

14.9% a year · 19.1x exit

Where the market has priced it

11x16x today32x

the guided figure reached earnings through a low-confidence bridge

How these numbers are produced

Earnings base	FY26 fiscal year EPS ₹63.72 (screener)
Guided growth	11% a year, said on the call of 22-May-2026 · transcript
Read across as	operating: unlabelled growth figure, read as revenue — low confidence
Delivery calibration	0.58x / 1x / 1.36x of what was guided — measured: 76 annual guided-vs-filed pairs + 77 near-complete quarterly years — NSE transcripts against the companies' own filings
Exit multiple	13.31x / 16.24x / 19.12x, this company’s own p20 / median / p80 across 10 filed years
Filed-industry peers	median 23x across 40 peers — the cross-check, not the input
Arithmetic	base EPS × (1 + guided growth × delivery)¹ × exit multiple

Arithmetic on management’s own guidance and this company’s own past valuations. Not a price target, not a recommendation, and not a forecast of what the stock will do.

How to read this

It answers one question. If this management delivers the growth it told its own investors it would, and the market pays what it has historically paid for this company's earnings, where does the arithmetic land? Nothing here is a forecast of the share price.
Three cases, two moving parts. Bear, base and bull vary the delivery — what fraction of guidance managements actually file — and the exit multiple together, because a company that misses its guidance is usually de-rated for missing it. Each case shows the growth rate and the multiple that produced it.
Read the width, not just the middle. A wide gap between bear and bull means the inputs are uncertain, not that the upside is bigger. A narrow range is a more confident statement than a high one.
“Where the market has priced it” puts today's P/E on the company's own historical range. Sitting far below that range is why a scenario can look enormous: the number is then mostly about re-rating, not about delivery, and the board marks those separately.
The bullets underneath are the caveats — a borrowed peer multiple, a thin filed history, an earnings base that carried a one-off. They are the reasons to trust the number less, listed rather than buried.

Not a price target, not a recommendation, and not a forecast of what the stock will do. The field guide covers the method.

What management said

from a third-party research digest · not our own extraction

implied earnings growth 11%

Low double-digit growth for FY'27, with Bayer product sales expected to double from Rs. 27 crores in FY'26 to Rs. 35 crores in FY'27, and Dahej plant revenue revised to Rs. 75 crores (downgraded from Rs. 100 crores).

Call 22-May-2026 · bridge confidence low · transcript PDF

Coverage

SectorChemicals: Specialty

Dossiersnone

Guidanceyes

Scenarioyes

Street chatter

unverified · logged from public channels

*Dhanuka Agritech Ltd*

Buyback Price: ₹1,400

CMP: ₹1,149.00

Record Date: 29 May 2026

Capital action21 May 02:53

rands Ltd, Allied Blenders & Distillers Ltd, APL Apollo Tubes Ltd, Apollo Pipes Ltd, Bajaj Auto Ltd, Blue Star Ltd, Dabur India Ltd, Dhanuka Agritech Ltd, Dr. Lal PathLabs Ltd, Dr Reddy's Laboratories Ltd, Firstsource Solutions Ltd, FSN E-Commerce Ventures Ltd, GAIL (India) Ltd, Gravita India Ltd, Groww, Hero MotoCorp Ltd, Hindustan Zin

Mention only10 Feb 10:25

🟢 Likely Beneficiaries: Coromandel International, Paradeep Phosphates, Chambal Fertilisers, RCF, NFL, FACT, PI Industries, UPL, Dhanuka Agritech, Kaveri Seed, Godrej Agrovet and other agri-input companies.

Mention only31 Jul 11:23