Press release from Business Wire India
Source: Dhanuka Agritech Ltd.
Wednesday, September 28, 2011 04:04 PM IST (10:34 AM GMT)
Editors: General: Consumer interest; Business: Agriculture, Chemicals, Media & entertainment
--------------------------------------------------
Dhanuka Agritech Limited finds Place in the Prestigious 'Forbes Asia - 200 Best under a Billion'
Ranked for the second consecutive year in the Asia - Pacific region list
New Delhi, Delhi, India, Wednesday, September 28, 2011 -- (Business Wire India) -- Dhanuka Agritech Ltd- Bombay Stock Exchange (BSE: 507717) and National Stock Exchange (NSE: DHANUKA) listed, India's leading crop protection solutions provider having more than USD 109 million turnover, net income of USD12 million and market value of USD105 million, has been ranked for the second consecutive year in the prestigious 'Forbes Asia - 200 Best under a Billion.'
The 200 top-performing small and midsized enterprises ranked in The Forbes' 'Asia's 200 Best Under A Billion' list highlights the firm having revenues under $1 billion. It picks these firms from close to 15,000 publicly listed Asia-Pacific companies with actively traded shares and sales between five million dollars and one billion dollars. Their selection is based on earnings growth, sales growth, and shareholders' return on equity in the past 12 months and over three years.
Commenting on being ranked second time in a row, Mr. M K Dhanuka, Managing Director, Dhanuka Group said, "We are indeed elated on being ranked in this prestigious list, second time in a row. We would like to extend our gratitude towards the Forbes magazine for recognizing our endeavors in consistently achieving significant growth and our contribution in the Indian agro-chemicals sector. We continue our efforts to enhance our product portfolio and strive to achieve a higher growth in our turnover."
Dhanuka Agritech was assigned "4/5" fundamental grade by CRISIL Equities, raising it from the previous "3/5" grade with a one-year fair value of Rs 109 per share, in its July 11, 2011 report. With current retail and dealer base of almost 70,000 and 30 offices and warehouses across India, Dhanuka is among the top five Companies in India when it comes to branded sales.
Dhanuka Agritech Limited is engaged in manufacturing of a wide range of pesticides and Bio Fertilizers. The company manufactures a large number of herbicides/weedicides, insecticides, fungicides, plant growth regulators, plant growth stimulants and foliar fertilizers, in various forms - dust, granules, EC, SC and WDG. The Company has its pesticides manufacturing units located at Gurgaon (Haryana), Sanand (Gujarat) and Udhampur (J&K).
Dhanuka has around 80 brands in their portfolio and keeps on adding new brands every year. The highest consumed product is Targa Super and its contribution to the top line is more than 20%, which can be attributed to Company's technical tie-up with Nissan Chemical Industries Ltd., Japan. The top three brands contributing to Company's revenue are: Targa Super, Caldan and Omite.
About Dhanuka Agritech Limited
Dhanuka Agritech Limited is in the business of Agro-Chemicals, Fertilizers and Seeds. The company reaches out to more than 10 million farmers with its eco-friendly high quality crop care products and has a pan-India presence through its marketing offices in all major states in India. With a dealer network of more than 7,000 across India, the Company has been able to make "Dhanuka" the preferred choice of farmersDhanuka Agritech in its 30 years of existence in the agro chemicals sector in India, has especially laid emphasis on eco-friendly formulations, low-dose active pesticides, integrated pest and weed management. Numerous measures taken by the company in the line of educating farmers regarding judicious use of pesticides, rain water harvesting and adopting better agricultural practices to increase per hectare yield under 'Dhanuka Kheti Ki Nai Takneek' theme, coupled with an aggressive growth strategy have contributed to the company's growth over the years.
CONTACT DETAILS
Neeraj Atri, Mavcomm Consulting, +91 9811714871
Amir Hashmi, Mavcomm Consulting, +91 9911190972
Amit Jha, Mavcomm Consulting, +91 9312883594
KEYWORDS
CONSUMER, AGRICULTURE, CHEMICALS, MEDIA
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
No comments:
Post a Comment