insecticides

[Stock notes] – Dhanuka Agritech…One of the best performing Agro-chemical stocks

Hello Sir, Hope you are doing well. Mar’23 and Jun’23 quarters were extremely bad for almost all the agrochemical companies. First there was excess inventory in the channel and therefore the demand plummeted. Second, the prices have come down sharply resulting in sales returns and inventory losses. Source: Dhanuka Agritech website   However, Dhanuka Agritech has performed much better and has come out rather unscathed with decent performance in Sep’23 quarter. We believe, as a contrarian investor with 3-4 years investment horizon, it’s…

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[Stock notes] – Dhanuka Agritech…1 of the best performing Agro-chemical stock

Hello Sir, Hope you are doing well. Last 2-3 quarters have been extremely bad for almost all the agrochemical companies. First there was excess inventory in the channel and therefore the demand plummeted. Second, the prices have come down sharply resulting in sales returns and inventory losses. Source: Dhanuka Agritech website However, Dhanuka Agritech has performed much better and has come out rather unscathed. We believe, as a contrarian investor with 3-4 years investment horizon, it’s always good to look at spaces which…

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