CMP: 103

Dhanuka Agritech Ltd. manufactures insecticides, pesticides and other chemicals. The Company has a technical tie-up with M/s E.I. Dupont De Numours & Co., U.S.A. to formulate the product Methomyl 12.5L under brand name "Dunet".

Dhanuka Agritech is a budding small-cap and is a consistent performer. Manageable liabilities and dividend yields close to 2% in the last 12 months. Strong revenue growth from 55 Crores to 407 Crores in the last 5 years. Profits have picked up from 4 Crores to 36 Crores in the last 5 years. NPM has slowly picked up from 7% to 9% over the last 5 years. Its currently trading at a P/E of less than 10 which is attractive. Buy, accumulate on dips and hold.