Dharmaj Crop Guard Ltd.
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ABOUT
AI Sector View
AI GENERATEDChemicals
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.
PROS
- Company has delivered good profit growth of 21.2% CAGR over last 5 years
- Company has delivered good sales growth of 30.3% CAGR over last 5 years
- Attractively priced for its growth - PEG of 0.6
- 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
| 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 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 158 | 257 | 123 | 116 | 255 | 311 | 175 | 210 | 367 | 347 | 190 | 234 | 384 | |
| 139 | 224 | 113 | 116 | 228 | 277 | 165 | 206 | 317 | 315 | 182 | 223 | 334 | |
| Operating Profit | 19 | 33 | 11 | -0 | 27 | 34 | 10 | 4 | 51 | 32 | 7 | 11 | 50 |
| OPM % | 12.07% | 12.92% | 8.69% | -0.02% | 10.56% | 11.08% | 5.44% | 1.83% | 13.81% | 9.15% | 3.86% | 4.55% | 12.95% |
| 2 | 1 | 0 | 0 | 0 | 0 | -0 | 2 | 1 | 0 | 3 | 4 | 1 | |
| Interest | 1 | 0 | 0 | 2 | 3 | 3 | 3 | 4 | 3 | 4 | 5 | 5 | 3 |
| Depreciation | 1 | 0 | 1 | 3 | 4 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Profit before Tax | 20 | 33 | 10 | -5 | 20 | 27 | 2 | -3 | 44 | 23 | 1 | 5 | 51 |
| Tax % | 25.68% | 23.36% | 19.67% | 31.52% | 25.43% | 22.72% | 23.38% | 23.27% | 25.47% | 23.09% | 22.45% | 24.14% | 25.27% |
| Net Profit | 15 | 26 | 8 | -3 | 15 | 21 | 1 | -2 | 33 | 17 | 1 | 4 | 38 |
| 4.29 | 7.55 | 2.29 | -1.00 | 4.46 | 6.22 | 0.35 | -0.72 | 9.64 | 5.13 | 0.23 | 1.18 | 11.26 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 139 | 198 | 302 | 394 | 524 | 654 | 951 | 1,138 | 1,155 | |
| 129 | 180 | 271 | 350 | 483 | 591 | 876 | 1,037 | 1,055 | |
| Operating Profit | 10 | 18 | 31 | 44 | 41 | 63 | 75 | 100 | 100 |
| OPM % | 7.53% | 9.05% | 10.27% | 11.25% | 7.84% | 9.62% | 7.86% | 8.83% | 8.62% |
| 1 | 1 | 1 | 2 | 5 | 3 | 2 | 8 | 9 | |
| Interest | 2 | 2 | 1 | 3 | 2 | 3 | 13 | 17 | 17 |
| Depreciation | 2 | 2 | 3 | 5 | 5 | 5 | 18 | 19 | 19 |
| Profit before Tax | 7 | 14 | 28 | 39 | 38 | 57 | 46 | 73 | 80 |
| Tax % | 28.20% | 25.61% | 25.66% | 25.54% | 29.73% | 22.81% | 23.89% | 24.59% | 24.54% |
| Net Profit | 5 | 11 | 21 | 29 | 27 | 44 | 35 | 55 | 60 |
| EPS | 5.02 | 8.62 | 12.74 | 11.62 | 9.76 | 13.13 | 10.31 | 16.19 | — |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.86% | 0.00% | 0.00% | 0.00% | 0.00% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- 30%
- 3 Years:
- 29%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- 21%
- 3 Years:
- 27%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 7%
- 1 Year:
- -22%
RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- 18%
- 3 Years:
- 12%
- Last Year:
- 13%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 16 | 16 | 25 | 34 | 34 | 34 | 34 |
| 9 | 19 | 40 | 60 | 281 | 326 | 361 | 415 | |
| 21 | 21 | 29 | 39 | 52 | 100 | 104 | 119 | |
| Trade Payables | 13 | 33 | 39 | 91 | 37 | 67 | 196 | 216 |
| 3 | 2 | 5 | 4 | 25 | 36 | 40 | 57 | |
| Total Liabilities | 48 | 92 | 129 | 219 | 429 | 563 | 733 | 841 |
| 12 | 22 | 39 | 40 | 40 | 312 | 311 | 312 | |
| Capital Work in Progress | 0 | 2 | 1 | 18 | 88 | 0 | 3 | 6 |
| 15 | 28 | 44 | 63 | 73 | 93 | 138 | 207 | |
| 0 | 0 | 0 | 0 | 0 | 119 | 248 | 281 | |
| Cash & Bank | 1 | 0 | 1 | 1 | 125 | 3 | 3 | 6 |
| 20 | 40 | 44 | 97 | 102 | 35 | 30 | 28 | |
| Total Assets | 48 | 92 | 129 | 219 | 429 | 563 | 733 | 841 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| 5 | 6 | 20 | 26 | -12 | 7 | 39 | 28 | |
| Cash from Investing | -4 | -15 | -18 | -24 | -191 | -62 | -33 | -29 |
| Cash from Financing | 0 | 12 | 6 | 7 | 214 | 57 | -9 | 2 |
| -0 | -1 | 1 | -0 | -1 | 3 | -3 | 0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-08-31 - Dharmaj Crop Guard Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-29 - Dharmaj Crop Guard Limited has informed the Exchange about Letter to Shareholder sent under Regulation 36(1)(b)
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 - Dharmaj Crop Guard Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-08 - Dharmaj Crop Guard Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-07 - Dharmaj Crop Guard Limited has informed the Exchange about Investor Presentation
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 - Dharmaj Crop Guard Limited has informed the Exchange about 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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