Dhanuka Agritech Limited has informed the Exchange about approval of Dhanuka Employee Stock Option Plan 2026 and Dhanuka Stock Appreciation Rights Plan 2026
DHANUKA · price
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Dhanuka Agritech Limited reported audited FY2025-26 results with revenue from operations at Rs 2,01,979 lakh, marginally down from Rs 2,03,515 lakh in the prior year (approx 0.76% decline). PAT fell to Rs 28,723 lakh from Rs 29,696 lakh, a 3.27% drop. EPS stood at Rs 63.72 vs Rs 65.55 a year ago. EBITDA margin was 18.76% (FY26) vs 18.87% (FY25), showing slight compression. The Board approved a share buyback of up to 5 lakh equity shares at Rs 1,400 per share for an aggregate of Rs 70 crore, representing 1.11% of equity. Promoters intend to participate in the buyback. The Board also recommended a final dividend of Rs 2 per share (100%). Two new employee incentive plans (ESOP 2026: up to 50,000 options; SAR 2026: up to 1,25,000 SARs) were approved, subject to shareholder and regulatory clearances. The company plans to set up wholly owned subsidiaries in Europe and Brazil (initial investment cap Rs 1 crore each) for brand transfers from Bayer and product registrations. The auditor issued an unmodified (clean) opinion. Cash and cash equivalents improved significantly to Rs 1,893 lakh from Rs 57 lakh in the prior year.
Revenue and profit both declined year-on-year for Dhanuka, an agrochemical company vulnerable to monsoon patterns. However, the Rs 70 crore buyback at Rs 1,400 per share signals management confidence and is positive for the stock in the near term. The clean auditor opinion is reassuring for quality-conscious investors.