Dharmaj Crop Guard Ltd

Dharmaj Crop Guard Ltd

₹ 224 -2.29%
24 May - close price
About

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]

Key Points

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

  • Market Cap 758 Cr.
  • Current Price 224
  • High / Low 290 / 165
  • Stock P/E 17.0
  • 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.

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Quarterly Results

Figures in Rs. Crores

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
107.12 101.26 137.07 221.74 101.07 73.67 161.94 252.67 123.42
94.18 96.77 121.76 198.91 92.38 73.11 142.94 221.95 114.58
Operating Profit 12.94 4.49 15.31 22.83 8.69 0.56 19.00 30.72 8.84
OPM % 12.08% 4.43% 11.17% 10.30% 8.60% 0.76% 11.73% 12.16% 7.16%
0.42 0.99 0.11 0.77 0.55 3.08 2.42 0.60 0.25
Interest 0.82 0.89 0.58 0.74 0.67 0.36 0.66 0.44 0.33
Depreciation 1.38 1.40 1.18 1.19 1.18 1.53 1.25 0.07 1.03
Profit before tax 11.16 3.19 13.66 21.67 7.39 1.75 19.51 30.81 7.73
Tax % 25.81% 26.33% 25.33% 25.38% 25.71% 28.57% 25.63% 25.25% 24.45%
8.29 2.35 10.19 16.17 5.50 1.25 14.51 23.03 5.84
EPS in Rs 3.36 0.95 4.13 6.55 1.63 0.37 4.29 6.81 1.73
Raw PDF
Upcoming result date: 30 May 2024

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: 33%
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%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
68.65% 70.40% 70.40% 70.40% 70.40% 70.40%
7.33% 5.04% 5.02% 4.36% 4.35% 5.50%
0.18% 0.00% 0.00% 0.00% 0.00% 0.14%
23.84% 24.56% 24.58% 25.23% 25.25% 23.95%
No. of Shareholders 65,19263,03959,93659,64747,54144,014

* 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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