Dhanuka Agritech shares surge 15% on Q4 results, ₹70 cr buyback

According to the latest financial results, Dhanuka Agritech delivered exceptional quarterly performance with revenue from operations rising 9.3% year-on-year to ₹483.34 crore in Q4 FY26, up from ₹442.02 crore in the corresponding quarter last year. The company also demonstrated strong sequential growth with revenue increasing 17.9% quarter-on-quarter from ₹409.91 crore in Q3 FY26. Net profit surged 29.5% YoY to ₹97.77 crore compared to ₹75.50 crore in Q4 FY25, while showing remarkable sequential growth of 144.3% QoQ from ₹39.99 crore in Q3 FY26. The earnings per share (EPS) for the quarter stood at ₹21.69, compared to ₹16.74 in the previous year's quarter, indicating improved profitability metrics. For the full year FY26, the company reported net profit of ₹287.23 crore with revenue from operations of ₹2,019.79 crore.

The company operates in a single reportable segment, Agro Chemicals, with a well-diversified revenue mix across geographies and segments. North and South regions contributed 32% and 33% respectively to the total revenue, while Insecticides and Herbicides accounted for 41% and 31% of the revenue mix. New molecules contributed 13.93% to the total revenue in FY26, indicating the company's focus on innovation. The Q4 performance was impacted by seasonal factors, with the Rabi season affected by unfavorable climatic conditions in certain regions, as noted by the company.

As reported by Dhanuka Agritech Ltd, the company recommended a final dividend of ₹2 per equity share for FY26, representing 100% of the face value of the equity shares with a face value of ₹2 each. The company has fixed Friday, July 17, 2026, as the record date for determining shareholders eligible to receive the dividend, with Monday, July 27, 2026, as the cut-off date for voting on AGM resolutions. The dividend will be paid within 30 days from the AGM, scheduled for Monday, August 3, 2026, which will be conducted via video conferencing. The dividend will absorb approximately ₹9.02 crore and is subject to shareholder approval at the 41st Annual General Meeting scheduled for July 31, 2026.

The Board of Directors approved a comprehensive buyback offer worth up to ₹70 crore at a price of ₹1,400 per share for up to 5 lakh fully paid-up equity shares, representing 1.11% of the company's total paid-up equity capital. The buyback will be conducted through the 'Tender Offer' route as per SEBI's Buyback Regulations, 2018, with the record date set for Friday, May 29, 2026. The company has also approved wholly owned subsidiaries and/or acquisition of shares of companies outside India to support international expansion, particularly in Europe and Brazil. These entities will facilitate the transfer and registration of brands acquired from Bayer, with an initial investment limit of ₹1 crore per entity that may be increased based on business requirements.

For FY 2026-27, Dhanuka Agritech provided guidance for lower double-digit growth in revenue from operations and expects an EBITDA margin decline of approximately 100 basis points. The company also announced several corporate developments including the introduction of the Dhanuka Employee Stock Option Plan 2026, covering up to 50,000 stock options representing 0.11% of the equity share capital. Additionally, the company is introducing the Employee Stock Option Plan 2026 and a Stock Appreciation Rights Plan 2026 to incentivize performance, covering 50,000 equity shares and 1,25,000 SARs respectively, subject to shareholder approval. The company operates as an Indian agrochemical manufacturer headquartered in Gurugram, Haryana, manufacturing crop protection products including herbicides, insecticides, fungicides, and plant growth regulators for both domestic and international markets.