Dharmaj Crop Guard Ltd

Dharmaj Crop Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Dharmaj Crop Guard Ltd

₹ 327 -1.99%
01 Aug - close price
dharmajcrop.com BSE: 543687 NSE: DHARMAJ
About

Incorporated in 2015, Dharmaj Crop Guard manufactures and deals in pesticides including concessionaires of public health products for pest control, insecticides, herbicide, fertilizers and allied products related to research and technical formulations[1]

Key Points

Business Overview:[1][2]
Company is in the business of agrochemical formulations & active ingredients and have the following business segments
a) Branded Formulations (B2C)
b) Institutional Formulations (B2B)
c) Active Ingredients (B2B)
Company manufactures pesticides, weedicides, fungicides, herbicides and has an active portfolio of 190+ products, catering
to a wide customer base including bulk consumers, retailers and export customers

Website BSE NSE - BE
  • Market Cap ₹ 1,107 Cr.
  • Current Price ₹ 327
  • High / Low ₹ 390 / 165
  • Stock P/E 31.8
  • Book Value ₹ 117
  • Dividend Yield 0.00 %
  • ROCE 12.0 %
  • ROE 9.24 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter

Cons

  • Stock is trading at 2.81 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 11.6% over last 3 years.
  • Debtor days have increased from 70.7 to 95.3 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Commodities Chemicals Fertilizers & Agrochemicals Pesticides & Agrochemicals

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Quarterly Results

Figures in Rs. Crores

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
101.26 137.07 221.74 101.07 68.79 161.94 252.67 123.42 116.07 255.28 311.33 174.51 209.93
96.77 121.76 198.91 92.38 68.23 142.94 221.95 112.70 116.08 228.33 276.85 165.01 206.09
Operating Profit 4.49 15.31 22.83 8.69 0.56 19.00 30.72 10.72 -0.01 26.95 34.48 9.50 3.84
OPM % 4.43% 11.17% 10.30% 8.60% 0.81% 11.73% 12.16% 8.69% -0.01% 10.56% 11.08% 5.44% 1.83%
0.99 0.11 0.77 0.55 3.08 2.42 0.60 0.25 0.16 0.38 0.30 -0.04 1.51
Interest 0.89 0.58 0.74 0.67 0.36 0.66 0.44 0.33 2.01 2.68 2.99 3.26 3.97
Depreciation 1.40 1.18 1.19 1.18 1.53 1.25 0.07 1.03 3.08 4.44 4.59 4.66 4.58
Profit before tax 3.19 13.66 21.67 7.39 1.75 19.51 30.81 9.61 -4.94 20.21 27.20 1.54 -3.20
Tax % 26.33% 25.33% 25.38% 25.71% 28.57% 25.63% 25.25% 19.67% -31.58% 25.43% 22.68% 23.38% -23.12%
2.35 10.19 16.17 5.50 1.25 14.51 23.03 7.73 -3.39 15.07 21.03 1.18 -2.45
EPS in Rs 0.95 4.13 6.55 1.63 0.37 4.29 6.81 2.29 -1.00 4.46 6.22 0.35 -0.72
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
136 193 298 388 524 654 951
126 175 267 344 483 591 876
Operating Profit 10 18 31 44 41 63 75
OPM % 8% 9% 10% 11% 8% 10% 8%
1 1 1 2 4 3 2
Interest 2 2 1 3 2 3 13
Depreciation 2 2 3 5 5 5 18
Profit before tax 7 14 28 39 38 57 46
Tax % 28% 26% 26% 26% 30% 23% 24%
5 11 21 29 27 44 35
EPS in Rs 25.10 6.54 12.74 11.62 7.95 13.13 10.31
Dividend Payout % 0% 0% 0% 1% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 38%
3 Years: 35%
TTM: 45%
Compounded Profit Growth
10 Years: %
5 Years: 26%
3 Years: 7%
TTM: -21%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -1%
Return on Equity
10 Years: %
5 Years: 15%
3 Years: 12%
Last Year: 9%

Balance Sheet

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 2 16 16 25 34 34 34
Reserves 9 19 40 60 281 326 361
20 20 27 37 52 112 116
17 37 46 98 65 92 223
Total Liabilities 48 93 129 220 432 563 733
12 22 39 40 40 312 315
CWIP 0 2 1 18 90 2 3
Investments 0 0 0 0 0 0 0
36 68 89 161 302 249 416
Total Assets 48 93 129 220 432 563 733

Cash Flows

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
3 2 13 16 -24 7 39
-4 -15 -18 -24 -191 -62 -33
0 12 6 7 214 57 -9
Net Cash Flow -0 -1 1 0 -1 3 -3

Ratios

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 46 63 44 81 51 66 95
Inventory Days 52 67 68 74 62 66 68
Days Payable 44 80 61 108 31 47 96
Cash Conversion Cycle 54 49 51 47 81 84 67
Working Capital Days 36 20 33 43 56 65 53
ROCE % 39% 42% 40% 17% 15% 12%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
68.65% 70.40% 70.40% 70.40% 70.40% 70.40% 70.40% 70.40% 70.40% 70.40% 70.40%
7.33% 5.04% 5.02% 4.36% 4.35% 5.50% 6.97% 4.40% 3.77% 4.14% 3.58%
0.18% 0.00% 0.00% 0.00% 0.00% 0.14% 0.14% 0.14% 0.90% 0.47% 0.47%
23.84% 24.56% 24.58% 25.23% 25.25% 23.95% 22.48% 25.04% 24.92% 24.99% 25.54%
No. of Shareholders 65,19263,03959,93659,64747,54144,01440,67639,22938,05636,65933,427

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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