DA

Dhanuka Agritech

Q1 FY27Fertilizers & Agrochemicals

Dhanuka Agritech Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book

Q1 FY27 earnings call: what management guided on revenue, margins and order book.

Price982
Market cap₹4.4K Cr
P/E16.3
Updated25 Aug 2026
Read5 min read

What the Q1 FY27 call signalled

1 of 3 strong

RevenueRank 4
MarginRank 3
CapexYes

Not discussed on this call: fundraise, order book.

The short version

The company expects a small single-digit growth in crop protection volumes for FY 2027, indicating a relatively flat to modest increase in sales. Management projects a small single-digit growth in crop protection volumes for FY 2027 despite challenges like monsoon deficit and delayed sowing. - Revenue growth guidance for FY 2027 has been cut steeply due to uncertain monsoon and weak demand in Q1 and early Q2. - There is optimism for improved sowing and revenue pickup in Q2 and Q3, but overall FY 2027 top-line growth is expected to be modest. - EBITDA breakeven at Dahej plant appears difficult this year, with expected negative EBITDA of around Rs.

From Dhanuka Agritech's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.

Revenue & Sales Performance

Rank 4
  • The company expects a small single-digit growth in crop protection volumes for FY 2027, indicating a relatively flat to modest increase in sales.
  • Growth projections have been revised downward due to monsoon delays and associated impact on sowing and demand.
  • Despite a weaker 1Q impacted by delayed monsoon and lower sowing, recovery is anticipated in 2Q and 3Q as sowing catches up in some regions.
  • Demand is expected to remain strong in irrigated areas (about 60% of Indian agriculture), with higher crop protection investments there.
  • The bio-stimulant category is being reworked as a fallback and growth area under stress conditions; detailed guidance to be shared later.
  • The company anticipates market share gains as smaller/unorganized players face regulatory challenges, benefiting organized players like Dhanuka.
  • Bayer product revenues and international expansion are expected to contribute gradually, but exact numbers remain unspecified.

Profitability & Margins

See what Dhanuka Agritech said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Yes
  • The company has acquired land at Butibori industrial zone, Nagpur, Maharashtra for a new manufacturing plant.
  • The Nagpur plant will be a formulation facility with an estimated CAPEX of around Rs. 200 crore.
  • Proposed capacity of the Nagpur plant is 23,000 metric tons per annum.
  • Expected commissioning timeline for the Nagpur plant is Q4 FY 2028 (around April 2028).
  • The Nagpur facility will feature significant automation to enhance safety and efficiency.
  • The plant has potential for future expansion beyond the initial 23,000 tons capacity.
  • CAPEX of around Rs. 100 crore related to Nagpur is planned across FY 2027 and FY 2028.
  • No overlapping formulation facility is planned at the Dahej chemical synthesis site due to technology and operational differences.
  • Additional CAPEX for Dahej will be communicated later.

Top-ranked in Fertilizers & Agrochemicals

Ranked on what management guided this quarter

5x potential
1Anya Polytech &
Rev 2Mar 1
Rev 2Mar 2
3
Rev 2Mar 3
4
Rev 3Mar 1
5
Rev 3Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Dhanuka Agritech said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The transcript does not explicitly mention details related to the current or expected order book or pending orders for Dhanuka Agritech Limited. However, relevant points that may indirectly relate to demand and order outlook include: - Q1 saw weaker sowing due to monsoon deficit impacting herbicide-heavy crops like soybean and cotton. - Sowing has caught up in some pockets with better July rains, aiding demand recovery. - Management remains cautiously optimistic on better momentum in coming quarters despite current challenges. - Expansion plans include a new 23,000-ton formulation plant at Nagpur expected operational by April 2028, indicating confidence in future demand growth. - The company expects to launch five new products soon, signaling an active product pipeline to capture market opportunities. - Discussions indicate ongoing efforts to scale Bayer product distribution internationally, which could contribute to order book growth. - No specific quantitative order book or pending order data was disclosed during the call.

Dhanuka Agritech — Quarterly revenue & net profit

Revenue Net profit
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹483 Cr, net profit ₹98 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

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Frequently Asked Questions

What were Dhanuka Agritech Q1 FY27 results?

The company expects a small single-digit growth in crop protection volumes for FY 2027, indicating a relatively flat to modest increase in sales. Management projects a small single-digit growth in crop protection volumes for FY 2027 despite challenges like monsoon deficit and delayed sowing. - Revenue growth guidance for FY 2027 has been cut steeply due to uncertain monsoon and weak demand in Q1 and early Q2. - There is optimism for improved sowing and revenue pickup in Q2 and Q3, but overall FY 2027 top-line growth is expected to be modest. - EBITDA breakeven at Dahej plant appears difficult this year, with expected negative EBITDA of around Rs.

What is Dhanuka Agritech share price analysis?

Dhanuka Agritech currently shows a neutral. The stock trades at a P/E of 16.3 with a market cap of ₹4,370 Cr. Investors should review the full earnings analysis for detailed insights.

Is Dhanuka Agritech planning capital expenditure?

The company has acquired land at Butibori industrial zone, Nagpur, Maharashtra for a new manufacturing plant. - The Nagpur plant will be a formulation facility with an estimated CAPEX of around Rs.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.