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Dharmaj Crop Guard

DHARMAJ NSE
₹251.40 +2.35 (+0.94%)
P/E
14.12
View as Markdown
MCP
Close 4 Nov 2026 ₹251.40 +1.95 +0.78% 1Y
Start ₹249.45

Key Fundamentals

MicrocapFertilizers & AgrochemicalsChemicals

Price-based figures as of · EPS basis: Standalone · TTM

ROCE
16.80%
Debt to Equity
0.29
EPS (TTM)
₹17.80
Book Value
₹132.86
Market Cap
—
P/E (TTM)
14.12
P/B
1.89
ROE
13.30%
Dividend Yield
0.00%
EBITDA
₹109 Cr
52W High
₹306.00
52W Low
₹210.65
Day Range
₹244.00 – ₹253.05
Volume
18,506

Peer Comparison

Commodities › Chemicals › Pesticides & Agrochemicals

Dharmaj Crop Guard peer comparison
₹529.0022.09₹43,728 Cr1.281.16%5.64%10.10%₹52,804 Cr₹2,323 Cr
₹2,187.0028.48₹33,248 Cr2.950.69%11.20%15.00%₹6,516 Cr₹1,164 Cr
₹328.1028.24₹15,980 Cr4.430.41%17.60%23.50%₹3,192 Cr₹581 Cr
₹3,249.9019.95₹14,602 Cr4.924.57%23.70%29.10%₹5,595 Cr₹733 Cr
₹677.959.77₹6,015 Cr1.882.23%23.20%30.20%₹5,357 Cr₹626 Cr
₹942.7515.83₹4,217 Cr2.500.21%18.50%23.80%₹1,953 Cr₹268 Cr
₹189.6717.23₹3,734 Cr1.681.58%10.20%14.10%₹2,962 Cr₹214 Cr
Dharmaj Crop Guard (this company)
₹251.4014.12₹833 Cr1.890.00%13.30%16.80%₹1,155 Cr₹60 Cr
Median 8 companies₹603.4818.59₹10,309 Cr2.200.93%15.45%20.15%₹4,275 Cr₹604 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

52 Average

Data confidence 100/100

Category scores

Quality
64
Good
Returns, margins, earnings quality 22% weight
Valuation
52
Average
Cheap vs sector & own history 24% weight
Growth
47
Average
Sales & profit trajectory 9% weight
Financial Health
42
Weak
Solvency, leverage, coverage 9% weight
Momentum
33
Poor
Trend strength, vol-adjusted 12% weight
Ownership
50
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Company has delivered good profit growth of 22.2% CAGR over last 5 years

Weaknesses

2
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 11.9% over last 3 years.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1162
OscillatorsBearish261
Moving AveragesStrong Bearish901

Key readings

RSI (14)
42.44
Neutral
MACD (12,26,9)
−4.82
Bullish
SMA (50)
266.48
Bearish
SMA (200)
259.33
Bearish

As of

Growth Rate

From the financial statements below. 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
5Y+30.73%
3Y+29.50%
1Y+19.66%
TTM+8.65%

Net profit

Net profit growth by window
5Y+21.24%
3Y+26.77%
1Y+57.14%
TTM+13.21%

Operating cash flow

Operating cash flow growth by window
5Y+16.59%
3YTurned positive
1Y−28.21%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
5Y−1.44 pp
3Y+1.14 pp
1Y+1.07 pp
TTM−0.05 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2019₹136 Cr
Mar 2020₹193 Cr
Mar 2021₹298 Cr
Mar 2022₹388 Cr
Mar 2023₹524 Cr
Mar 2024₹654 Cr
Mar 2025₹951 Cr
Mar 2026₹1,138 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2019₹5.00 Cr
Mar 2020₹11.00 Cr
Mar 2021₹21.00 Cr
Mar 2022₹29.00 Cr
Mar 2023₹27.00 Cr
Mar 2024₹44.00 Cr
Mar 2025₹35.00 Cr
Mar 2026₹55.00 Cr

Quarterly Results

₹ Cr
DHARMAJ quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
162
253
123
116
255
311
175
210
367
347
190
234
384
Expenses
143
222
113
116
228
277
165
206
317
315
182
223
327
Operating Profit
19
31
11
0
27
34
10
4
51
32
7
11
57
OPM %
12%
12%
9%
0%
11%
11%
5%
1.8%
14%
9%
3.9%
4.5%
15%
Other Income
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
PBT
20
31
10
−5
20
27
2
−3
44
23
1
5
51
Tax %
26%
25%
20%
−32%
25%
23%
23%
−23%
25%
23%
22%
24%
25%
Net Profit
15
23
8
−3
15
21
1
−2
33
17
1
4
38
EPS (₹)
4.29
6.81
2.29
−1
4.46
6.22
0.35
−0.72
9.64
5.13
0.23
1.18
11.26

Profit & Loss

₹ Cr
DHARMAJ profit and loss, annual, ₹ crore
Particulars Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
136
193
298
388
524
654
951
1,138
1,155
Expenses
126
175
267
344
483
591
876
1,036
1,048
Operating Profit
10
18
31
44
41
63
75
102
107
OPM %
8%
9%
10%
11%
8%
10%
8%
9%
9%
Other Income
1
1
1
2
4
3
2
7
9
Interest
2
2
1
3
2
3
13
17
17
Depreciation
2
2
3
5
5
5
18
19
19
PBT
7
14
28
39
38
57
46
73
80
Tax %
28%
26%
26%
26%
30%
23%
24%
25%
—
Net Profit
5
11
21
29
27
44
35
55
60
EPS (₹)
25.1
6.54
12.74
11.62
7.95
13.13
10.31
16.18
17.8
Div. Payout %
0%
0%
0%
1%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
DHARMAJ balance sheet, annual, ₹ crore
Particulars Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
2
16
16
25
34
34
34
34
Reserves
9
19
40
60
281
326
361
415
Borrowings
20
20
27
37
52
112
116
132
Other Liabilities
17
37
46
98
65
92
223
260
Total Liabilities
48
93
129
220
432
563
733
841
Fixed Assets
12
22
39
40
40
312
311
312
CWIP
0
2
1
18
90
2
7
13
Investments
0
0
0
0
0
0
0
0
Other Assets
36
68
89
161
302
249
416
516
Total Assets
48
93
129
220
432
563
733
841

Cash Flow

₹ Cr
DHARMAJ cash flow, annual, ₹ crore
Particulars Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
3
2
13
16
−24
7
39
28
Investing
−4
−15
−18
−24
−191
−62
−33
−29
Financing
0
12
6
7
214
57
−9
2
Net Cash Flow
0
−1
1
0
−1
3
−3
0
Free Cash Flow
0
−13
−5
−7
−93
−182
9
1
CFO/OP
50
32
64
59
−30
33
58
39

Ratios

DHARMAJ financial ratios, annual
Particulars Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
46
63
44
81
51
66
95
90
Inventory Days
52
67
68
74
62
66
68
86
Days Payable
44
80
61
108
31
47
96
89
Cash Conversion Cycle
54
49
51
47
81
84
67
87
Working Capital Days
36
20
33
43
56
65
53
56
ROCE %
—
39%
42%
40%
17%
15%
12%
17%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Dharmaj Crop Guard insights

62 extracted metrics across FY19–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 70.40%
  • Public 20.63%
  • Others 5.34%
  • FIIs 3.12%
  • DIIs 0.50%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Not shown for some quarters: FIIs and Others. Not available separately for this quarter: the holding is recorded inside Others, so both are left blank rather than shown at a wrong split.

Documents

Frequently Asked Questions about Dharmaj Crop Guard

What does Dharmaj Crop Guard Ltd do?
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
Where is Dharmaj Crop Guard Ltd (DHARMAJ) listed?
Dharmaj Crop Guard Ltd trades as DHARMAJ on the NSE and under code 543687 on the BSE.
Which sector does Dharmaj Crop Guard Ltd belong to?
Dharmaj Crop Guard Ltd is classified under the Chemicals sector, in the Pesticides & Agrochemicals industry.
What is the PE ratio of Dharmaj Crop Guard Ltd?
Dharmaj Crop Guard Ltd trades at a PE ratio of 14.12 as of 4 Nov 2026, on earnings per share of ₹17.8, against a book value of ₹132.86 per share.
What is the 52-week high and low of Dharmaj Crop Guard Ltd?
Over the last 52 weeks Dharmaj Crop Guard Ltd has traded between ₹210.65 and ₹306 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Dharmaj Crop Guard Ltd?
Dharmaj Crop Guard Ltd reported a return on equity of 13.30%. Its debt-to-equity ratio is 0.29.

Company Information

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

CEO Mr. Rameshbhai Ravajibhai Talavia
Employees 671
Listed 8 Dec 2022
Face Value ₹10

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