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HomePosts Tagged "Dhanuka Agritech Limited"
Agribusiness, Agro chems – Chemicals, Company News, India

With this acquisition, Dhanuka plans to expand its footprint in more than 20 countries, including the regions of LATAM, EMEA and Asia including India.

Dhanuka Agritech Limited, one of India’s leading agri input companies, has signed an agreement to acquire international rights to the active ingredients Iprovalicarb and Triadimenol. With this acquisition, Dhanuka plans to expand its footprint in more than 20 countries, including the regions of LATAM, EMEA and Asia including India. These products were invented by Bayer AG, a global leader in agriculture input solutions and farming innovations. This acquisition will enable Dhanuka to embark on a journey of global market expansion.

Under this acquisition, Dhanuka Agritech Limited will get all the rights for manufacturing and sale of Iprovalicarb and Triadimenol in more than 20 countries.  In this transaction, Dhanuka will acquire the global rights to the associated brand Melody (for Iprovalicarb) with sub-brands like Melody Duo, Melody Compact, Melodika and others. As part of the Agreement, the companies have agreed on a transition plan that allows Dhanuka to provide seamless service, ensuring no disruption for growers and customers globally. Further, Dhanuka will be shifting the manufacturing of at least one of the products to India, leveraging the capabilities of its manufacturing unit at Dahej, Gujarat. The agreement will strengthen Dhanuka’s market position by providing a jump to both the topline and bottom-line by selling its products in India and global markets.

Iprovalicarb is a fungicide from the Carboxylic Acid Amines (CAA) class, used for disease management caused by Oomycetes species in Horticulture crops.Triadimenol is a well-established product used in seed treatment for cereals and cotton as a solo formulation and as a part of multiple treatment seasonal program in coffee as a pre-mix. Triadimenol is a SBI class 1, DMI triazole fungicide to control various diseases.

“Dhanuka is excited to embark on this journey with Bayer AG, as we expand our footprint in these key markets. This agreement not only strengthens our market presence but also reinforces our commitment to delivering exceptional products and services to customers worldwide” said Harsh Dhanuka, Executive Director – Dhanuka Agritech Ltd.

This agreement highlights Dhanuka’s continued focus on strategic growth and commitment to maintaining strong relationships with customers and stakeholders. Dhanuka is confident that this will provide value to growers across the globe.

With this acquisition, Dhanuka plans to expand

Agribusiness, Agro chems – Chemicals, Agro chems – Fertilizers, Agro chems – Pesticides, Finance, India

Company’s EBITDA Q1 grows 64.5 per cent Y-O-Y to Rs. 71.72 Crore

Dhanuka Agritech, one of the leading agrochemicals companies in India reported financial results for the first quarter of 2024-25 financial year. Gurugram-headquartered firm clocked Rs. 48.90 crore profit during April-June quarter of FY’25, up 48.5 per cent from the same quarter of the previous fiscal year. Total income grew 33.27 per cent to Rs. 500.71 Crore in the first quarter of this fiscal from Rs. 375.72 Crore in the corresponding period of FY’24.

Commenting on the Q1 performance, Mahendra Kumar Dhanuka, Vice Chairman & Managing Director said, “The year has started on a positive note, and we have witnessed decent demand for all our product categories during the first quarter. The timely arrival of the monsoon and dwindling inventory levels have contributed to increased orders from the distribution network, setting a positive trajectory for the company.”

“I am happy to inform you that the sowing season is in full swing in July and the sowing acreages for major crops are expected to be higher in the ongoing season, particularly in the wake of the prediction of a normal monsoon. The management is confident of delivering healthy growth in the second quarter and improving the EBITDA margins,” added Dhanuka.

Dhanuka Agritech is also dedicated to introducing new technologies to the agriculture sector. The company conducts training programs nationwide to demonstrate these technologies and educate farmers on the proper use of agrochemicals. Notably, in India, the consumption of agrochemicals per acre remains significantly lower than the global average.

Company’s EBITDA Q1 grows 64.5 per cent

Agribusiness, Agro chems – Pesticides, Company News, India

‘LaNevo’ marks a strategic collaboration with Nissan Chemical Corporation, Japan, further strengthening Dhanuka’s insecticide portfolio.

 Leading agrochemical company Dhanuka Agritech Limited unveiled two groundbreaking products the powerful insecticide ‘LaNevo’, and the bio-fertilizer ‘MYCORe Super’, designed to revolutionize crop protection and yield enhancement in agriculture.

‘LaNevo’ marks a strategic collaboration with Nissan Chemical Corporation, Japan, further strengthening Dhanuka’s insecticide portfolio. LaNevo offers dual benefits with a unique mode of action for enhanced crop protection against sucking and chewing pests. It is designed to minimise resistance development and, promoting healthier crops and higher yields.

Harsh Dhanuka, Executive Director, Alliances and Supply Chain at Dhanuka Agritech Ltd, along with senior officials from Nissan Chemicals Corporation, addressed a large gathering of retailers, major dealers from Andhra Pradesh and Telangana outlining the specifications and benefits of the new products.

Dhanuka said the insecticide ‘LaNevo’ will help farmers, especially those growing vegetables, achieve better control of sucking and chewing pests. Introduced under Section 9(3) of The Insecticides Act, 1968 by Dhanuka, ‘LaNevo’ is a powerful, broad-spectrum insecticide that effectively control a wide range of pests, including Jassid, Thrips, White Fly, Shoot and Fruit Borer, and Leaf Miner, he said.

Y Fukagawa San, General Manager and Head of International Sales Nissan Chemical Japan, said ‘LaNevo’ is tough for insect-pest resistance development, and effectively controls leaf’s lower surface hiding insect-pest. This powerful insecticide is easy to apply, promoting healthier crops and higher yields,” he said.

Dr R.K. Yadav, Managing Director, Nissan Agro Tech India Pvt. Ltd., said, “Farmers can trust in LaNevo’s dual power, reliability and quick action to protect their crops and ensure a bountiful harvest. “For best results, apply Lanevo at the initial appearance of pests in your chilli, tomato, brinjal crops”.

Introducing the bio-fertilizer ‘MYCORe Super’, Manoj Varshney, National Marketing Head of Dhanuka Agritech, highlighted its effectiveness in high-value crops to increase output and quality. “Harnessing the power of natural biological processes, our product offers the most advanced solution to farmers seeking to optimize their agricultural outputs while minimising their environmental impact,” Varshney added.

Dhanuka Agritech remains committed to driving innovation in agriculture, ensuring farmers have access to cutting-edge solutions that optimize productivity and sustainability.

'LaNevo' marks a strategic collaboration with Nissan

Agro Universities, Agrotech, R&D

Dhanuka Agritech will provide training related to agricultural production to these small farmers by associating with the central institutes, ATARIs and KVKs.

The Indian Council of Agricultural Research (ICAR) and Dhanuka Agritech Limited has signed a Memorandum of Understanding (MoU). Deputy Director General (Agricultural Extension), ICAR Dr. U.S. Gautam and Chairman, Dhanuka Agritech Limited Dr R.G. Aggarwal signed this MoU on behalf of respective organisations.

Dr Gautam said that the objective of this agreement is to utilise the efficiency of both the institutions to deliver new technology to the farmers. He said that there are more than 14.5 crore farmers across the country, out of which most of the farmers are having small land holdings. Dhanuka Agritech will provide training related to agricultural production to these small farmers by associating with the central institutes, ATARIs and KVKs.

Dr. Gautam said that today the whole world is facing the challenges of climate change and India is no stranger to it, in such a time there is a need for both the institutions to work together on a new method of agricultural production which is climate-friendly. The aim of this MoU is to promote natural farming in the changing environment, he added.

Dr Aggarwal said Dhanuka Agritech will provide advisory service and train farmers in collaboration with ICAR-ATARI and KVKs. On this occasion, Assistant Director General of ICAR, Directors, senior scientists and senior officers of ICAR headquarters were also present.

Dhanuka Agritech will provide training related to

Agribusiness, Agro chems – Chemicals, Agrotech, Company News, Finance, India

The company has reported total income of Rs. 410.5231 crores during the period ended December 31, 2023, as compared to Rs.401.0278 crores during the period ended December 31, 2022.

Dhanuka Agritech Limited has reported Consolidated financial results for the period ended December 31, 2023. The company has reported total income of Rs. 410.5231 crores during the period ended December 31, 2023, as compared to Rs 623.6745 crores during the period ended September 30, 2023. The company has posted net profit / (loss) of Rs. 45.3690 crores for the period ended December 31, 2023, as against net profit / (loss) of Rs. 101.7688 crores for the period ended September 30, 2023.The company has reported EPS of Rs 9.95 for the period ended December 31, 2023, as compared to Rs. 22.33 for the period ended September 30, 2023.

The company has reported total income of Rs. 410.5231 crores during the period ended December 31, 2023, as compared to Rs 401.0278 crores during the period ended December 31, 2022. The company has posted net profit / (loss) of Rs.45.3690 crores for the period ended December 31, 2023, as against net profit / (loss) of Rs.46.0656 crores for the period ended December 31, 2022. The company has reported EPS of Rs.9.95 for the period ended December 31, 2023, as compared to Rs.9.89 for the period ended December 31, 2022.

Financial Results (9 Months Ended FY2024) – YoY Comparison

The company has reported total income of Rs1409.9126 crores during the 9 Months period ended December 31, 2023, as compared to Rs.1359.0059 crores during the 9 Months period ended December 31, 2022. The company has posted net profit / (loss) of Rs 180.0771 crores for the 9 Months period ended December 31, 2023, as against net profit / (loss) of Rs168.1984 crores for the 9 Months period ended December 31, 2022.The company has reported EPS of Rs.39.51 for the 9 Months period ended December 31, 2023, as compared to Rs.36.11 for the 9 Months period ended December 31, 2022.

The company has reported total income of

Agro chems – Pesticides, Company News, India

 Developed in collaboration with Nissan Chemical Corporation, Japan.

Leading agrochemical company Dhanuka Agritech Limited has introduced a new herbicide ‘Tizom’ that will help farmers in controlling weeds in sugarcane crop and enhance farm profitability from Sugarcane cultivation. Company has introduced Tizom for Karnataka, Maharashtra and Tamil Nadu farmers and will soon tap other states too.

Introduced in collaboration with Nissan Chemical Corporation, Japan, ‘Tizom’ is a groundbreaking herbicide whose unique composition and properties promise to revolutionize weed control in sugarcane farming. Two key active ingredients of ‘Tizom’- Halosulfuron Methyl 6% + Metribuzin 50% WG – provide an effective solution for controlling a wide range of weeds, including narrow leaf weeds, broadleaf weeds and Cyperus rotundus. Thus, it plays a pivotal role in increasing the productivity of sugarcane crop.

Commenting on the introduction of Tizom, Rahul Dhanuka, Joint Managing Director, Dhanuka Agritech Limited said, “Tizom will further strengthen our robust sugarcane portfolio and will be extremely helpful to sugarcane farmers. The introduction of Tizom is also a testament of our continuous endeavour to offer the best solutions to farmers and help enhance their income.”

“We at Dhanuka have aggressive growth plans in the current financial year and we plan to introduce a slew of products lined up during the remainder of the current fiscal year,” he added.

As part of Dhanuka’s unwavering focus on serving the needs of Indian farmers and strengthening its position in the crop care product segment, following the launch of 6 biologicals, 2 herbicides and 1 insecticide, Tizom is 10th product launched in this financial year.

One of the major advantages of Tizom is that it targets and eliminates weeds while leaving sugarcane crops unharmed. Moreover, Tizom offers prolonged weed control, allowing farmers to enjoy a weed-free environment for an extended duration.

Throwing more light on the benefits that Tizom brings to the table, Manoj Varshney, National Marketing Head of Dhanuka Agritech Limited said, “The selectiveness is crucial for protecting the sugarcane plants from weeds and ensuring optimal growth and yield. Such a unique offering is the need of the Indian farmers and we at Dhanuka are determined to provide noble solutions to farmers.”

 Amit Mishra, Senior Portfolio Manager for Herbicides at Dhanuka too expressed similar thoughts and said that Tizom would eliminate a major obstacle for Indian sugarcane farmers and may simplify crop management and enhance productivity.

On the part of Nissan Chemical Corporation, Japan, Dr R.K. Yadav, Managing Director, Nissan Agro Tech India Pvt. Ltd., and Yasuhiko Teraoka, International Business Head at Nissan Chemical Corporation reiterated their commitment to providing quality products to support Indian farmers in the future as well.

 Developed in collaboration with Nissan Chemical Corporation,

Agro chems – Chemicals, Company News, Finance, India

Company has posted net profit of Rs. 46.0656 crores for the period ended December 31, 2022, as against net profit of Rs 73.0227 crores for the period ended September 30, 2022.

Dhanuka Agritech Limited has reported Consolidated financial results for the period ended December 31, 2022.

Financial Results (Q3 FY2023) – QoQ Comparison

The company has reported total income of Rs. 401.0278 crores during the period ended December 31, 2022 as compared to Rs 548.3999 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs. 46.0656 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs 73.0227 crores for the period ended September 30, 2022.

Financial Results (Q3 FY2023) – YoY Comparison

The company has reported total income of Rs.401.0278 crores during the period ended December 31, 2022 as compared to Rs.363.5824 crores during the period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.46.0656 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs.42.5151 crores for the period ended December 31, 2021.

The company mentioned that Dhanuka Agritech has a robust product pipeline for the next quarter and FY 2024 and it will be launched for the first time in India as soon as we get the registration in first quarter of FY 2024.

Company has posted net profit of Rs.

Agro chems – Chemicals, Company News, Finance, India, Institutions

Net profit up by 15.2% YoY

The leading agri input company, Dhanuka Agritech Ltd has announced financial results for the second quarter of FY 2022 has posted Rs 73.02 crore profit during July to September quarter, up by 15.22 per cent from the same quarter last year. The company earned Rs. 63.37 crore net profit in the same period of the previous year. Commenting on the Q2 performance, M K Dhanuka, Managing Director, Dhanuka Agritech said: “We have witnessed reasonable growth in the top line but faced pressure on our margins due to high raw material prices. While the prices of raw materials increased, we did not pass them on to the consumers, which has impacted our margins. Apart from this, the margins were impacted due to the depreciation of the Rupee Vs Dollar”.

“Uneven rainfall has also adversely impacted our top line and bottom line. While one-third area received excess rainfall, one-third area received deficit rainfall and only one-third area received normal rainfall. As a result, sowing was impacted and this in turn has impacted the growth of the industry,” he added,

“However, despite the global volatility, farmers received good returns for their produce as commodity prices remained high globally. This augurs well for the industry. Also, the monsoon recovered to a large extent towards the latter half, and accordingly, the soil has reasonable moisture and dams are full of water. Thus, we expect the Rabi sowing to be good. We are confident a good rabi season is likely to ensure a double-digit growth in the current fiscal,” added M K Dhanuka..

During the second quarter, the company brought three new products into the market Cornex, Zanet and Decide, which have been very well received by farmers. The company has set up the “Dhanuka Agritech Research and Technology Centre” at Palwal, Haryana equipped with all laboratory facilities and a training hall with a capacity of 100 farmers. The R&D centre will be inaugurated this month.

The company also launched a massive campaign in August – ‘India ka Pranam Har Kisan ke Naam’ — to honour and recognise the contribution of Indian farmers in nation-building and helping India become food secure.

Net profit up by 15.2% YoYThe leading

Agro chems – Chemicals, Agrotech, Company News, Finance, India

The company has posted net profit / (loss) of Rs 49.1101 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs 54.4026 crores for the period ended March 31, 2022.

Agrochemical major, Dhanuka Agritech Limited has reported total income of Rs. 409.5782 crores during the period ended June 30, 2022 as compared to Rs. 330.4875 crores during the period ended March 31, 2022.

The company has posted net profit / (loss) of Rs. 49.1101 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs. 54.4026 crores for the period ended March 31, 2022.

The company has reported EPS of Rs. 10.54 for the period ended June 30, 2022 as compared to Rs. 11.68 for the period ended March 31, 2022.The company has reported total income of Rs. 409.5782 crores during the period ended June 30, 2022 as compared to Rs.371.5354 crores during the period ended June 30, 2021.

The company has posted net profit / (loss) of Rs.49.1101 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs.48.6007 crores for the period ended June 30, 2021.The company has reported EPS of Rs.10.54 for the period ended June 30, 2022 as compared to Rs.10.43 for the period ended June 30, 2021.

The company has posted net profit /