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Prices as of 9 Oct 2026 close · Not investment advice

Dharmaj Crop Guard Limited

NSE: DHARMAJPesticides & Agrochemicals

Share price

₹259.45

-1.39% close of 9 Oct 2026

Market cap ₹882 CrP/E 14.7

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 8 Oct 2026, the close above is 9 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

59

out of 100 · worked out 9 Oct 2026

How the business score works

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹882 Cr

P/E ratio

14.7

P/B ratio

2.0

ROCE

16.8%

ROE

13.3%

Dividend yield

0.0%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 9 Oct 2026 close52-week high ₹306.0552-week low ₹215.80

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 8.4% over the past year, and 27.7% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales improved from 7.9% to 8.1% over the last three years.

Whether it grew faster than its sector

It grew 27.7% a year against a sector median of 10.2% — 17.5 percentage points faster.

Room to re-rate, or risk of de-rating

Too little price history yet to compare it with its own past.

Whether growth justifies the valuation

It has no steady three-year profit record yet, so growth cannot be weighed against the price.

Profit growthPrice per ₹1 profitPer 1% growth
Dharmaj Crop Guard Limited — this one—14.7×—
UPL Limited-21%/yr20.9×—
PI Industries Limited-1%/yr29.4×—
Sumitomo Chemical India Limited2%/yr36.4×₹18.2
Bayer Cropscience Limited1%/yr21.4×₹21.4
Sharda Cropchem Limited26%/yr10.4×₹0.40

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Pesticides & Agrochemicals), it ranks 8 of 23 on returns, 2 of 23 on growth, 18 of 23 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

A narrow advantage: it earns 16.8% on capital, ahead of 65% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

No — Over the 3 years of cash statements on file it made ₹74 crore of cash from the business but spent ₹246 crore on plant and equipment, ₹172 crore more than it made; the gap was from lenders and shareholders.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

8 of 9 checks clear · 89%

How the profit check works

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Announced 7 Aug 2026 · Consolidated · Unaudited

Revenue

₹382 Cr

Revenue vs last year

+4.1%

Revenue vs last quarter

+63.6%

Net profit

₹38 Cr

Profit vs last year

+16.9%

Profit vs last quarter

+859.9%

Net margin

10.0%

EPS

₹11.28

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹882 Cr
Prev close
₹259.45
52w High
₹311
52w Low
₹211
Enterprise value
₹1,008 Cr
Beta
0.9
Price CAGR 1y
-13.0%
Price CAGR 3y
5.0%
Price CAGR 5y
—
Price CAGR 10y
—

Ratios

Return on assets
6.5%
PEG ratio
—
P/E ratio
14.7
P/B ratio
2.0
EV / EBITDA
9.4
Industry P/E
20.1
ROCE
16.8%
ROCE 5y average
14.5%
ROE
13.3%
Debt / Equity
0.3
Interest coverage
5.2
Dividend yield
0.0%
ROE 3y average
12.0%
ROE last year
13.0%

Annual P&L

Annual revenue
₹1,138 Cr
Annual profit
₹55 Cr
Operating margin
9.0%
Net profit margin
4.8%
EBITDA margin
9.0%
Sales growth 3y
—
Sales growth 5y
—
Profit growth 3y
—
Profit growth 5y
—
EPS
₹16.2
Sales growth TTM
8.0%
Profit growth TTM
15.0%
Dividend payout
0.0%

Quarter P&L

Sales latest quarter
₹382 Cr
Profit latest quarter
₹38 Cr
YoY quarterly sales growth
4.1%
YoY quarterly profit growth
15.2%
OPM latest quarter
15.0%

Balance Sheet

Book Value
₹132
Face Value
₹10.0
Total debt
₹132 Cr
Total cash
₹6 Cr
Borrowings
₹132 Cr
Reserves / Equity
12.2

Cash Flow

Operating cash flow
₹28 Cr
Free cash flow
₹1 Cr
FCF yield
-1.8%
Net cash flow
₹0 Cr

Shareholding

Promoter holding
70.4%
FII holding
3.1%
DII holding
0.5%
Public holding
26.0%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
UPL495.0021.141,7731.21-73.092.610,181.010.510.1
P I Industries2,210.0031.033,5300.68244.2-39.01,702.3-10.415.0
Sumitomo Chemi.421.9536.921,0610.31216.59.31,054.10.623.5
Bayer Crop Sci.3,491.5021.415,6924.30321.615.41,835.0-4.229.1
Sharda Cropchem742.0510.76,6952.0288.0-38.31,073.89.030.3
Dhanuka Agritech891.8014.83,9760.2236.3-34.6461.9-12.623.8
Rallis India200.0317.03,8901.50125.030.01,022.06.814.1
Dharmaj Crop267.3515.09040.0038.116.9382.44.116.8
Median316.2021.11,6520.1724.616.9383.3-2.315.4

Competes with: Bayer Cropscience Limited, Dhanuka Agritech Limited, NACL Industries Limited, PI Industries Limited, Rallis India Limited, Sharda Cropchem Limited, Sumitomo Chemical India Limited, UPL Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales162253123116255311175210367347190234382
Expenses228277165206317315182223325
Material Cost139206235118145236
Change in Inventories-14-3.95-1611-14-16
Purchases of Stock-in-Trade507753175462
Employee Cost9.991315141415
Other Expenses212529222527
Operating Profit2734104513271157
OPM %12128.69-0.0111115.441.83149.153.864.5415
Other Income00-0210341
Exceptional items (within Other Income)000000
Interest333434553
Depreciation455555555
Profit before tax20272-344231551
Tax %252323-232523232425
Net Profit15211-233171438
EPS in Rs4.466.220.35-0.729.645.130.221.1711
Diluted EPS in Rs-0.739.645.130.221.1711

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2024Mar 2025Mar 2026TTM
Sales6549511,1381,153
Expenses5918761,0361,046
Material Cost596704
Change in Inventories-23-24
Purchases of Stock-in-Trade172201
Employee Cost4756
Other Expenses85101
Operating Profit6375102107
OPM %10899
Other Income3279
Exceptional items (within Other Income)00
Interest3131717
Depreciation5.44181919
Profit before tax57467280
Tax %232425
Net Profit44355560
EPS in Rs13101618
Diluted EPS in Rs1016
Dividend Payout %000

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
—
5 years
—
3 years
—
TTM
8%

Compounded profit growth

10 years
—
5 years
—
3 years
—
TTM
15%

Stock price CAGR

10 years
—
5 years
—
3 years
5%
1 year
-13%

Return on equity

10 years
—
5 years
—
3 years
12%
Last year
13%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2024Mar 2025Mar 2026
Equity Capital343434
Reserves326361415
Borrowings112116132
Other Liabilities92223260
Total Liabilities563733841
Fixed Assets312311312
CWIP2714
Investments000
Other Assets249416515
Total Assets563733841

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2024Mar 2025Mar 2026
Cash from Operating Activity73928
Cash from Investing Activity-62-33-29
Cash from Financing Activity57-92
Net Cash Flow3-30
Free Cash Flow-1828.931.44

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2024Mar 2025Mar 2026
Debtor Days669590
Inventory Days666886
Days Payable479689
Cash Conversion Cycle846787
Working Capital Days655356
ROCE %1217

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters707070707070707070707070
FIIs4.364.355.506.974.403.774.143.583.093.493.133.13
DIIs000.140.140.140.900.470.470.470.470.470.50
Public252524222525252626262626
No. of Shareholders59,64747,54144,01440,67639,22938,05636,65933,42730,28428,99027,53726,567

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -15.2% (₹306.05 → ₹259.45)Brick size ₹10.28 (fixed)Bricks 20
₹225₹250₹275₹300₹259Nov '25Apr '26Sep '26
Price moved up one brickPrice moved down one brickLast close ₹259.45 on 9 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

exports as % of revenue

51.00

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

126inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.33cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

News

News and filings about Dharmaj Crop Guard Limited. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • Aromatic / petroleum-based solvents (e.g. xylene, MXDA)
  • Packaging materials (HDPE drums, bottles, sachets, pouches)
  • Surfactants and emulsifiers
  • Synthetic pyrethroid intermediates (3-phenoxybenzaldehyde, chrysanthemic acid)
  • Technical-grade active ingredients (pesticide technicals / AIs)

Buys from

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Chemicals
Industry
Pesticides & Agrochemicals
Classification
Chemicals › Pesticides & Agrochemicals
ISIN
INE00OQ01016

Plants

  • Active Ingredients & Technicals Plant — Sayakha GIDC
  • Formulations Manufacturing Plant — Kerala GIDC · Bavla (Kerala GIDC Estate, Off NH-8), Gujarat

News impact

Big market events that reach Dharmaj Crop Guard Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Splits, bonuses & buybacks

  • daily-prices repair: 8 rows from NSE's archive (replace 2, delete 1, insert 5), 2023-11-12..2026-02-01 (docs/flat_day_repair.md)1× · 12 Nov 2023

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.