Dhanuka Agritech shares surged 15% following the announcement of significant shareholder returns and strategic initiatives. According to reports from The Economic Times, the stock was trading 11.80% higher at ₹1,214 per equity share around 2:40 PM on May 19, 2026. The scrip has demonstrated strong momentum with 14% gains in the past week and 20% over the month, while maintaining a 3% year-to-date growth. The stock climbed as much as 14.9% to hit an intraday high of ₹1,248 on the National Stock Exchange (NSE), reflecting investor confidence in the company's strategic decisions and financial performance.
The board of directors approved a share buyback program for up to 5,00,000 fully paid-up equity shares, representing 1.11% of total paid-up equity capital. As reported by The Economic Times, the buyback is priced at ₹1,400 per equity share with an aggregate amount not exceeding ₹70 crore. The company clarified that the maximum buyback size excludes transaction-related costs such as brokerage charges, taxes, stamp duty, public announcement expenses, and other incidental costs. Friday, May 29, 2026, has been fixed as the record date for determining shareholder eligibility, with the public announcement and detailed process to be released in due course.
According to reports from The Economic Times, Dhanuka Agritech reported a profit after tax (PAT) of ₹97.77 crore in the latest March quarter, marking a 29.49% year-on-year surge from ₹75.50 crore in the same period last year. The company's revenue from operations jumped 9.35% YoY to ₹483.34 crore during the reporting quarter, compared to ₹442.02 crore in Q4 FY25. These strong financial results have contributed to the positive market response and investor confidence in the company's growth trajectory.
The board recommended a final dividend of ₹2 per equity share at 100% rate for FY26, with the dividend payable within 30 days of the annual general meeting subject to member approval. As reported by The Economic Times, the company has set Friday, July 17, 2026, as the record date for dividend entitlement. Additionally, the board approved establishing wholly owned subsidiaries or acquiring shares outside India to support foreign business growth in Europe and Brazil. The board also approved the incorporation of wholly owned subsidiaries or acquisition of entities outside India to support the company's overseas business expansion in Europe and Brazil, aimed at facilitating the transfer and registration of brands acquired from Bayer, along with registration of additional products under Dhanuka Agritech's name, subject to regulatory approvals.
According to data from The Economic Times, Dhanuka Agritech has a total market capitalisation of ₹5,473.41 crore as of May 19, 2026. The stock has experienced significant volatility throughout the year, hitting a 52-week high of ₹1,975 on August 1, 2025, and touching a year's low of ₹889.60 on March 30, 2026. The current rally reflects investor appreciation of the company's strategic initiatives including the buyback program, dividend declaration, and expansion plans in international markets.
