Dhanuka Agritech is a Delhi-based manufacturer of insecticides and herbicides. It has posted double-digit growth in sales and profit over the past seven quarters. The company expects the strong herbicides demand to drive growth in the coming quarters. Dhanuka is enhancing and modernising its manufacturing facilities. This should help in reaping the benefits of increasing demand. Dhanuka expects to double its revenue in the next two years to 1,000 crore. For FY12, the company is likely to grow its net profit by 32-35%, which makes its forward-looking P/E to be 6.3. This is on the lower side compared to its peers.
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