As on June 2020, promoters held 75 per cent stake in Dhanuka Agritech.
Out of 25 per cent public shareholding, mutual funds held 12.83 per cent holding, followed by individual shareholders (8.57 per cent) and overseas corporate bodies (1.41 per cent).
In the past three months, the stock of Dhanuka Agritech
has outperformed the market by surging around 88 per cent, as compared to 18 per cent rise in the S&P BSE Sensex.
For January-March quarter (Q4FY20), the company’s EBITDA (earnings before interest, taxes, depreciation, and amortisation) rose 38.6 per cent year-on-year to Rs 45.78 crore from Rs 33.03 crore in the previous year quarter. EBITDA margin improved 297 basis points (bps) to 20.11 per cent from 17.14 per cent during the quarter.
With this year’s favorable monsoon forecast, coupled with a slew of initiatives announced by the government, the management is hopeful of much positive performance in the fiscal year 2020-21.
At 09:28 am, the stock was trading 3 per cent higher at Rs 838 on the BSE, as compared to 1 per cent rise in the S&P BSE Sensex. A combined around 26,000 equity shares had changed hands on the counter on the NSE and BSE till the time of writing of this report.