Incorporated in 2005, Dhanlaxmi Crop Science is a technology-driven seeds company that develops, produces, processes, and sells seeds for various field crops and vegetables.
The company integrates traditional breeding techniques with biotechnological tools and strives to produce hybrid and open-pollinated varieties of field crops and vegetable seeds that offer higher yields, better product quality, and a higher level of tolerance to pests and diseases compared to naturally occurring varieties.
As of March 31, 2024, the company produced seeds for 24 different crops and vegetables and operated in 5 states in India. The sale of cotton seeds accounts for the major portion of the operating profit and contributed 76.78%, 71.47%, and 64.73% to the operating profit in FY 2024, FY 2023, and FY 2022, respectively.
The Products Portfolio: Field crop and vegetable seeds for Cotton, Wheat, Cumin, Bajra, Maize, Gram, Okra, Green Gram, SSG, Soyabean, Milky, Mustard, Groundnut, Black Gram, Guar, Castor, Sesame, Jowar, Coriander, Red Gram, Green Pea, Multifeed, Onion etc.&
Their Competitive Strenght:
As of December 2, 2024, the company has 56 employees.
Dhanlaxmi Crop Science Ltd’s revenue increased by 37% and profit after tax (PAT) rose by 55% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | ||||||||||||||||||||||||||||||||||||
| Assets | 5,137.91 | 3,496.15 | 2,002.73 | 2,086.33 | ||||||||||||||||||||||||||||||||||||
| Revenue | 11,996.26 | 6,375.08 | 4,664.17 | 3,543.08 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 820.81 | 465.36 | 299.55 | 58.28 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 2,432.3 | 1,612.07 | 1,139.63 | 617.26 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 1,232.3 | 712.07 | 739.63 | 439.76 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 768.61 | 104.24 | 258.32 | 913.16 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
The market capitalization of Dhanlaxmi Crop Science IPO is Rs 89.8 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 33.82% |
| ROCE | 39.07% |
| Debt/Equity | 0.06 |
| RoNW | 28.87% |
| P/BV | 3.07 |
| PAT Margin (%) | 7.3 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.88 | 10.05 |
| P/E (x) | 14.18 | 5.47 |
The Objects of the Issue are:
| IPO Date | October 15, 2024 to October 17, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹1865 to ₹1960 per share |
| Lot Size | 7 Shares |
| Total Issue Size | 142,194,700 shares (aggregating up to ₹27,870.16 Cr) |
| Offer for Sale | 142,194,700 shares of ₹10 (aggregating up to ₹27,870.16 Cr) |
| Employee Discount | Rs 186 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 812,541,100 |
| Share holding post issue | 812,541,100 |
Mr. Kamleshkumar Jayantilal Patel, Mr. Alpeshbhai Jayantibhai Patel and Mr. Meet Kamleshkumar Patel are the promoters of the company.
| Share Holding Pre Issue | 76.70% |
| Share Holding Post Issue | 56.37% |
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