Dharmaj Crop Guard Ltd
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]
- Market Cap ₹ 803 Cr.
- Current Price ₹ 238
- High / Low ₹ 391 / 165
- Stock P/E 25.7
- Book Value ₹ 131
- Dividend Yield 0.00 %
- ROCE 12.0 %
- ROE 9.28 %
- Face Value ₹ 10.0
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
* 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
Part of BSE SmallCap BSE Allcap BSE Commodities
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | |
|---|---|---|
| 654 | 951 | |
| 591 | 876 | |
| Operating Profit | 63 | 75 |
| OPM % | 10% | 8% |
| 3 | 2 | |
| Interest | 3 | 13 |
| Depreciation | 5 | 18 |
| Profit before tax | 57 | 46 |
| Tax % | 23% | 24% |
| 44 | 35 | |
| EPS in Rs | 13.13 | 10.31 |
| Dividend Payout % | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 45% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -21% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 1% |
| 1 Year: | -24% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 9% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|
| Equity Capital | 34 | 34 | 34 |
| Reserves | 326 | 361 | 411 |
| 112 | 116 | 139 | |
| 92 | 223 | 373 | |
| Total Liabilities | 563 | 733 | 956 |
| 312 | 311 | 321 | |
| CWIP | 2 | 7 | 2 |
| Investments | 0 | 0 | 0 |
| 249 | 416 | 632 | |
| Total Assets | 563 | 733 | 956 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | |
|---|---|---|
| 7 | 39 | |
| -62 | -33 | |
| 57 | -9 | |
| Net Cash Flow | 3 | -3 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | |
|---|---|---|
| Debtor Days | 66 | 95 |
| Inventory Days | 66 | 68 |
| Days Payable | 47 | 96 |
| Cash Conversion Cycle | 84 | 67 |
| Working Capital Days | 65 | 53 |
| ROCE % | 12% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
20 Nov - Received Nov 20,2025 GST order alleging ineligible ITC; total penalty Rs.2,24,92,044; company to appeal.
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Announcements Under Regulation 30-Updates-Intimation Regarding Appointment Of Senior Managerial Personnel, Mr. Prakash Patel President (Technical- Regulatory Affairs) Of The Company.
20 Nov - Prakash Patel appointed President (Technical - Regulatory Affairs) at Dharmaj Crop Guard, effective 20 Nov 2025; 34 years' experience.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
20 Nov - Listing Regulations') read with part A of Schedule III of the Listing Regulations, we wish to inform that the management of the Company will meet …
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
19 Nov - Transcript of the Earnings Call which was Held on November 17,2025 is attached
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
17 Nov - Audio recording of Q2 & H1 FY26 earnings call available (17 Nov 2025) on company website.
Annual reports
Concalls
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Nov 2025Transcript PPT REC
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Aug 2025TranscriptAI SummaryPPT
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Jun 2025Transcript PPT REC
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Feb 2025TranscriptAI SummaryPPT
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Nov 2024Transcript PPT
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Aug 2024TranscriptAI SummaryPPT
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Jun 2024Transcript PPT REC
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Apr 2024TranscriptAI SummaryPPTREC
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Feb 2024TranscriptAI SummaryPPT
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Nov 2023TranscriptPPT
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Nov 2023Transcript PPT REC
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Jul 2023TranscriptAI SummaryPPT
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May 2023Transcript PPT
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Feb 2023TranscriptAI SummaryPPT
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