Dharmaj Crop Guard Ltd
Incorporated in 2015, Dharmaj Crop Guard Limited is an agrochemical company. The company is engaged in the business of manufacturing, distributing, and marketing a wide range of agrochemical formulations such as insecticides, fungicides, herbicides, plant growth regulators, micro fertilizers, and antibiotics to B2C and B2B customers.[1]
- Market Cap ₹ 755 Cr.
- Current Price ₹ 224
- High / Low ₹ 290 / 140
- Stock P/E 16.9
- Book Value ₹ 106
- Dividend Yield 0.00 %
- ROCE 18.9 %
- ROE 16.3 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 25.7%
Cons
- Working capital days have increased from 86.1 days to 157 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
Sector: Agro Chemicals Industry: Pesticides / Agrochemicals - Indian
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|
136 | 193 | 298 | 388 | 527 | 612 | |
126 | 175 | 267 | 344 | 480 | 553 | |
Operating Profit | 10 | 18 | 31 | 44 | 47 | 59 |
OPM % | 8% | 9% | 10% | 11% | 9% | 10% |
1 | 1 | 1 | 2 | 4 | 6 | |
Interest | 2 | 2 | 1 | 3 | 2 | 2 |
Depreciation | 2 | 2 | 3 | 5 | 5 | 4 |
Profit before tax | 7 | 14 | 28 | 39 | 44 | 60 |
Tax % | 28% | 26% | 26% | 26% | 26% | |
5 | 11 | 21 | 29 | 33 | 45 | |
EPS in Rs | 25.10 | 6.54 | 12.74 | 11.62 | 9.80 | 13.20 |
Dividend Payout % | 0% | 0% | 0% | 1% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 40% |
TTM: | 9% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 45% |
TTM: | 30% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | 60% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 26% |
Last Year: | 16% |
Balance Sheet
Figures in Rs. Crores
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|
Equity Capital | 2 | 16 | 16 | 25 | 34 | 34 |
Reserves | 9 | 19 | 40 | 60 | 288 | 325 |
20 | 20 | 27 | 37 | 52 | 73 | |
17 | 37 | 46 | 98 | 65 | 189 | |
Total Liabilities | 48 | 93 | 129 | 220 | 439 | 620 |
12 | 22 | 39 | 40 | 40 | 51 | |
CWIP | 0 | 2 | 1 | 18 | 96 | 212 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 |
36 | 68 | 89 | 161 | 302 | 357 | |
Total Assets | 48 | 93 | 129 | 220 | 439 | 620 |
Cash Flows
Figures in Rs. Crores
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|
3 | 2 | 13 | 16 | -7 | |
-4 | -15 | -18 | -24 | -207 | |
0 | 12 | 6 | 7 | 214 | |
Net Cash Flow | -0 | -1 | 1 | 0 | -1 |
Ratios
Figures in Rs. Crores
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|
Debtor Days | 46 | 63 | 44 | 81 | 51 |
Inventory Days | 52 | 67 | 68 | 74 | 62 |
Days Payable | 44 | 80 | 61 | 108 | 47 |
Cash Conversion Cycle | 54 | 49 | 51 | 47 | 66 |
Working Capital Days | 45 | 49 | 47 | 54 | 157 |
ROCE % | 39% | 42% | 40% | 19% |
Documents
Announcements
- Closure of Trading Window 1d
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
22 Mar - The management of the Company will meet the Analysts/ Investors as per schedule attached-March 27, 2024 Wednesday 03:00 PM onwards Bharat Connect Conference organized by …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
26 Feb - Details of Analyst/Institutional Investor Meeting held on Monday 26th February, 2024 IS ATTACHED
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
22 Feb - Interactions with investor / analyst is scheduled to take place, the details of which are mentioned below: Date 26-02-2024 (Monday) Mode Virtual Type Group
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Announcement under Regulation 30 (LODR)-Credit Rating
17 Feb - Upgradation of Credit Rating by CRISIL AGENCY
Concalls
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Feb 2024TranscriptNotesPPT
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Nov 2023TranscriptPPT
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Nov 2023Transcript PPT REC
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Jul 2023TranscriptNotesPPT
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May 2023Transcript PPT
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Feb 2023TranscriptNotesPPT
Business Area[1] Started in 2015 and headquartered in Ahmedabad, Dharmaj is a leading agrochemical company manufacturing a wide range of pesticides and crop protection solutions to farmer in India and to 28 countries in Latin America, East African Countries, Middle East, and Far East Asia.
Co. has 490 registrations, with 200+ in export markets and remaining in India. They also have 10 technical registrations in India, with 14 more under registration