Dharmaj Crop Guard Ltd.

•

dharmajcrop.comBSE: 543687NSE: DHARMAJ

Market Cap₹ 916 Cr.

Current Price

High / Low₹ 368 / 211

Stock P/E15.2

Book Value₹ 144

Price to Book1.73

Dividend Yield0.00 %

ROCE16.4 %

ROE13.0 %

Face Value₹ 10

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AI Sector View

AI GENERATED

Chemicals

Hold

The available domestic chemical proxies are mixed to weak. Fertilizers output was -8.0% YoY (2026-07) and sale quantity of fertilisers was 0.0% YoY (2026-05), although that high-frequency barometer is stale. FPI positioning is less negative than before, with net 3-month outflow only INR -11 crore versus INR -1229 crore in the prior 3 months to 2026-08-31, but the weak sector driver argues for a neutral stance.

Confidence

55%

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PROS

Company maintains a comfortable, low leverage position
Company converts assets efficiently - asset turnover of 1.5x

CONS

Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.55x)
Though reporting repeated profits, the company pays out little dividend (0.0%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

ChemicalsChemicalsPesticides & Agrochemicals

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	UPL	577.00	24.11	48708.57	1.04	-73.00	58.52	10181.00	10.47	12.00	13.43
2.	PIIND	2396.05	31.20	36352.42	0.63	244.20	-38.95	1702.30	-10.43	16.00	21.69
3.	SUMICHEM	481.50	41.48	24033.87	0.27	214.51	20.45	1063.35	0.62	23.39	21.94
4.	BAYERCROP	3948.35	320.25	17744.71	3.80	321.60	15.39	1835.00	-4.16	30.08	20.03
5.	SHARDACROP	783.10	11.28	7065.17	1.92	88.02	-38.36	1073.77	9.03	31.10	17.32
6.	DHANUKA	977.80	14.68	4358.87	0.20	75.50	27.94	442.02	20.01	24.44	24.83
7.	RALLIS	203.90	24.15	3965.22	1.47	-14.15	-274.26	507.54	7.70	13.23	-0.56
8.	NACLIND	164.35	311.22	3849.79	0.00	20.84	59.82	383.33	-14.50	6.20	10.80
9.	BHAGCHEM	263.40	124.10	3415.48	0.06	133.29	3249.84	1950.19	1475.55	4.55	15.65
10.	GSPCROP	491.20	23.34	2285.00	0.20	263.94	1111.46	3859.95	1153.27	18.46	11.02
11.	BHARATRAS	1170.30	13.57	1945.16	0.04	372.30	838.73	3381.60	796.03	16.63	15.19
12.	DHARMAJ	271.00	15.22	915.91	0.00	38.11	16.95	382.38	4.08	16.44	15.01

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	116	255	311	175	210	367	347	190	234	382
	116	228	277	165	206	317	315	182	223	333
Operating Profit	-0	27	34	10	4	51	32	7	11	50
OPM %	-0.02%	10.56%	11.08%	5.44%	1.83%	13.81%	9.15%	3.86%	4.55%	13.04%
	0	0	0	-0	2	1	0	3	4	1
Interest	2	3	3	3	4	3	4	5	5	3
Depreciation	3	4	5	5	5	5	5	5	5	5
Profit before Tax	-5	20	27	2	-3	44	23	1	5	51
Tax %	31.52%	25.43%	22.72%	23.38%	23.20%	25.47%	23.11%	22.68%	24.24%	25.27%
Net Profit	0	0	0	0	-2	33	17	1	4	38
	-1.00	4.46	6.22	0.35	-0.73	9.64	5.13	0.22	1.17	11.28

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2024	Mar 2025	Mar 2026	TTM
	654	951	1,138	1,153
	591	876	1,037	1,053
Operating Profit	63	75	100	100
OPM %	9.62%	7.86%	8.83%	8.64%
	3	2	8	9
Interest	3	13	17	17
Depreciation	5	18	19	19
Profit before Tax	57	46	72	80
Tax %	22.81%	23.89%	24.61%	24.56%
Net Profit	44	35	55	60
EPS	13.13	10.30	16.17	—
Dividend Payout %	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: 7%
1 Year:: -22%

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
	326	361	415
	100	104	119
Trade Payables	67	196	216
	36	40	57
Total Liabilities	563	733	841
	312	311	312
Capital Work in Progress	0	3	6
	93	138	207
	119	248	281
Cash & Bank	3	3	6
	35	30	28
Total Assets	563	733	841

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2024	Mar 2025	Mar 2026
	7	39	28
Cash from Investing	-62	-33	-29
Cash from Financing	57	-9	2
	3	-3	0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	70.40	70.40	70.40	70.40	70.40	70.40	70.40	70.40	70.40
	6.97	4.40	3.77	4.14	3.58	3.09	3.49	3.13	3.13
	0.14	0.14	0.43	0.00	0.00	0.00	0.00	0.00	0.03
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	22.48	25.05	25.40	25.46	26.01	26.50	26.11	26.46	26.45

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-08-31

Copy of Newspaper Publication

2026-08-31 - Dharmaj Crop Guard Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-29

General Updates

2026-08-29 - Dharmaj Crop Guard Limited has informed the Exchange about Letter to Shareholder sent under Regulation 36(1)(b)

2026-08-29

Shareholders meeting

2026-08-29 - Dharmaj Crop Guard Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 24, 2026

2026-08-20

Copy of Newspaper Publication

2026-08-20 - Dharmaj Crop Guard Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-08

Copy of Newspaper Publication

2026-08-08 - Dharmaj Crop Guard Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-07

Investor Presentation

2026-08-07 - Dharmaj Crop Guard Limited has informed the Exchange about Investor Presentation

2026-08-07

Press Release

2026-08-07 - Dharmaj Crop Guard Limited has informed the Exchange regarding a press release dated August 07, 2026, titled "Dharmaj Crop Guard Limited, one of the fastest-growing agrochemicals Company,announced its financial results for Q1FY27.".

2026-08-07

Resignation of Director/KMP/SMP

2026-08-07 - Dharmaj Crop Guard Limited has informed the Exchange about Resignation of Director/KMP/SMP

2026-08-07

Resignation of Director/KMP/SMP

2026-08-07 - Dharmaj Crop Guard Limited has informed the Exchange about Resignation of Director/KMP/SMP

News

Recent coverage and analyst commentary for DHARMAJ

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Dharmaj Crop Guard Ltd.

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Free 5nance Account

Name

UPL

577.00

24.11

48708.57

1.04

-73.00

58.52

10181.00

10.47

12.00

13.43

PIIND

2396.05

31.20

36352.42

0.63

244.20

-38.95

1702.30

-10.43

16.00

21.69

SUMICHEM

481.50

41.48

24033.87

0.27

214.51

20.45

1063.35

0.62

23.39

21.94

BAYERCROP

3948.35

320.25

17744.71

3.80

321.60

15.39

1835.00

-4.16

30.08

20.03

SHARDACROP

783.10

11.28

7065.17

1.92

88.02

-38.36

1073.77

9.03

31.10

17.32

DHANUKA

977.80

14.68

4358.87

0.20

75.50

27.94

442.02

20.01

24.44

24.83

RALLIS

203.90

24.15

3965.22

1.47

-14.15

-274.26

507.54

7.70

13.23

-0.56

NACLIND

164.35

311.22

3849.79

0.00

20.84

59.82

383.33

-14.50

6.20

10.80

BHAGCHEM

263.40

124.10

3415.48

0.06

133.29

3249.84

1950.19

1475.55

4.55

15.65

GSPCROP

491.20

23.34

2285.00

0.20

263.94

1111.46

3859.95

1153.27

18.46

11.02

BHARATRAS

1170.30

13.57

1945.16

0.04

372.30

838.73

3381.60

796.03

16.63

15.19

DHARMAJ

271.00

15.22

915.91

0.00

38.11

16.95

382.38

4.08

16.44

15.01

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

116

255

311

175

210

367

347

190

234

382

116

228

277

165

206

317

315

182

223

333

Operating Profit

-0

OPM %

-0.02%

10.56%

11.08%

5.44%

1.83%

13.81%

9.15%

3.86%

4.55%

13.04%

-0

Interest

Depreciation

Profit before Tax

-5

-3

Tax %

31.52%

25.43%

22.72%

23.38%

23.20%

25.47%

23.11%

22.68%

24.24%

25.27%

Net Profit

-2

-1.00

4.46

6.22

0.35

-0.73

9.64

5.13

0.22

1.17

11.28

Mar 2024

Mar 2025

Mar 2026

TTM

654

951

1,138

1,153

591

876

1,037

1,053

Operating Profit

100

OPM %

9.62%

7.86%

8.83%

8.64%

Interest

Depreciation

Profit before Tax

Tax %

22.81%

23.89%

24.61%

24.56%

Net Profit

EPS

13.13

10.30

16.17

—

Dividend Payout %

0.00%

—

Mar 2024

Mar 2025

Mar 2026

Equity Capital

326

361

415

100

104

119

Trade Payables

196

216

Total Liabilities

563

733

841

312

311

312

Capital Work in Progress

138

207

119

248

281

Cash & Bank

Total Assets

563

733

841

Mar 2024

Mar 2025

Mar 2026

Cash from Investing

-62

-33

-29

Cash from Financing

-9

-3

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

70.40

6.97

4.40

3.77

4.14

3.58

3.09

3.49

3.13

0.14

0.43

0.00

0.03

Government

0.00

22.48

25.05

25.40

25.46

26.01

26.50

26.11

26.46

26.45

Dharmaj Crop Guard Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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Dharmaj Crop Guard Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI