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 ₹ 477 Cr.
- Current Price ₹ 141
- High / Low ₹ 279 / 137
- Stock P/E 16.7
- Book Value ₹ 34.4
- Dividend Yield 0.00 %
- ROCE 40.0 %
- ROE 40.5 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 42.9%
Cons
- Debtor days have increased from 62.7 to 80.8 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 | |
|---|---|---|---|---|
| 136 | 193 | 298 | 388 | |
| 126 | 175 | 267 | 344 | |
| Operating Profit | 10 | 18 | 31 | 44 |
| OPM % | 8% | 9% | 10% | 11% |
| 1 | 1 | 1 | 2 | |
| Interest | 2 | 2 | 1 | 3 |
| Depreciation | 2 | 2 | 3 | 5 |
| Profit before tax | 7 | 14 | 28 | 39 |
| Tax % | 28% | 26% | 26% | 26% |
| Net Profit | 5 | 11 | 21 | 29 |
| EPS in Rs | 25.10 | 6.54 | 12.74 | 11.62 |
| Dividend Payout % | 0% | 0% | 0% | 1% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 42% |
| TTM: | 30% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 79% |
| TTM: | 39% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 43% |
| Last Year: | 40% |
Balance Sheet
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|---|
| 2 | 16 | 16 | 25 | |
| Reserves | 9 | 19 | 40 | 60 |
| 20 | 20 | 27 | 37 | |
| 17 | 37 | 46 | 98 | |
| Total Liabilities | 48 | 93 | 129 | 220 |
| 12 | 22 | 39 | 40 | |
| CWIP | 0 | 2 | 1 | 18 |
| Investments | 0 | 0 | 0 | 0 |
| 36 | 68 | 89 | 161 | |
| Total Assets | 48 | 93 | 129 | 220 |
Cash Flows
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|---|
| 3 | 2 | 13 | 16 | |
| -4 | -15 | -18 | -24 | |
| 0 | 12 | 6 | 7 | |
| Net Cash Flow | -0 | -1 | 1 | 0 |
Ratios
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|---|
| Debtor Days | 46 | 63 | 44 | 81 |
| Inventory Days | 52 | 67 | 68 | 74 |
| Days Payable | 44 | 80 | 61 | 108 |
| Cash Conversion Cycle | 54 | 49 | 51 | 47 |
| Working Capital Days | 45 | 49 | 47 | 54 |
| ROCE % | 39% | 42% | 40% |
Documents
Announcements
- Revised Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 4h
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 5h
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Disclosures under Reg. 29(1) & 29(2) of SEBI (SAST) Regulations, 2011
5h - Disclosure under Regulation 29(1) & 29(2) of SEBI (SAST) Regulations, 2011 for Megi Rameshbhai Talavia & PACs
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 5h
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Disclosures under Reg. 29(1) & 29(2) of SEBI (SAST) Regulations, 2011
5h - Disclosure under Regulation 29(1) & 29(2) of SEBI (SAST) Regulations, 2011 for Ramesh Ravjibhai Talavia HUF & PACs
Concalls
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Feb 2023TranscriptNotesPPT
Business Area[1] The company is a leading Agro chemical company that manufactures a wide range of Agro products and also provides crop protection solutions to the farmer and export products to more than 20 countries in Latin America, East African Countries, the Middle East, and Far East Asia. Co. has obtained 464 registrations for agrochemical formulations from the CIBRC, out of which 269 agrochemical formulations are for sale in India as well as for export and 195 agrochemical formulations are exclusively for exports.