Dharmaj Crop Guard Ltd

Dharmaj Crop Guard Ltd

₹ 284 -0.73%
27 May - close price
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

  • Market Cap 961 Cr.
  • Current Price 284
  • High / Low 391 / 211
  • Stock P/E 17.6
  • Book Value 133
  • Dividend Yield 0.00 %
  • ROCE 16.4 %
  • ROE 13.0 %
  • Face Value 10.0

Pros

Cons

  • 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.

* 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

Consolidated Figures in Rs. Crores / View Standalone

Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
255.28 311.33 174.51 209.93 367.38 347.26 189.54 233.78
228.33 276.85 165.01 206.09 316.65 315.47 182.22 223.16
Operating Profit 26.95 34.48 9.50 3.84 50.73 31.79 7.32 10.62
OPM % 10.56% 11.08% 5.44% 1.83% 13.81% 9.15% 3.86% 4.54%
0.38 0.30 -0.04 1.51 0.77 0.04 3.17 4.37
Interest 2.68 2.99 3.26 3.97 3.12 4.50 4.64 4.95
Depreciation 4.44 4.59 4.66 4.58 4.66 4.79 4.88 4.81
Profit before tax 20.21 27.20 1.54 -3.20 43.72 22.54 0.97 5.23
Tax % 25.43% 22.68% 23.38% -23.12% 25.48% 23.11% 22.68% 24.28%
15.07 21.03 1.18 -2.45 32.59 17.33 0.76 3.97
EPS in Rs 4.46 6.22 0.35 -0.72 9.64 5.13 0.22 1.17
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2024 Mar 2025 Mar 2026
654 951 1,138
591 876 1,037
Operating Profit 63 75 100
OPM % 10% 8% 9%
3 2 8
Interest 3 13 17
Depreciation 5 18 19
Profit before tax 57 46 72
Tax % 23% 24% 25%
44 35 55
EPS in Rs 13.13 10.31 16.17
Dividend Payout % 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 20%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 56%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 19%
1 Year: 19%
Return on Equity
10 Years: %
5 Years: %
3 Years: 12%
Last Year: 13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2024 Mar 2025 Mar 2026
Equity Capital 34 34 34
Reserves 326 361 415
112 116 132
92 223 260
Total Liabilities 563 733 841
312 311 320
CWIP 2 7 6
Investments 0 0 0
249 416 515
Total Assets 563 733 841

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2024 Mar 2025 Mar 2026
7 39
-62 -33
57 -9
Net Cash Flow 3 -3
Free Cash Flow -182 9
CFO/OP 33% 58%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2024 Mar 2025 Mar 2026
Debtor Days 66 95 90
Inventory Days 66 68 86
Days Payable 47 96 89
Cash Conversion Cycle 84 67 87
Working Capital Days 65 53 56
ROCE % 12% 16%

Insights

In beta
Mar 2023 Mar 2024 Sep 2025
Number of Dealer and Distributors
Number

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Retail Touchpoints
Number
Agro-chemical Product Portfolio Count
Number
Export Market Registrations Received
Number
Saykha Plant Capacity Utilization
%
Technical Registrations Received
Number
Volume Growth - Formulations
%
Volume Growth - Technicals
%
Volume Growth (Overall)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
70.40% 70.40% 70.40% 70.40% 70.40% 70.40% 70.40% 70.40% 70.40% 70.40% 70.40% 70.40%
5.02% 4.36% 4.35% 5.50% 6.97% 4.40% 3.77% 4.14% 3.58% 3.09% 3.49% 3.13%
0.00% 0.00% 0.00% 0.14% 0.14% 0.14% 0.90% 0.47% 0.47% 0.47% 0.47% 0.47%
24.58% 25.23% 25.25% 23.95% 22.48% 25.04% 24.92% 24.99% 25.54% 26.03% 25.63% 26.00%
No. of Shareholders 59,93659,64747,54144,01440,67639,22938,05636,65933,42730,28428,99027,537

* 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.

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