About
Dharmaj Crop Guard Limited engages in manufacturing, distributing, and marketing of a range of agro chemical formulations in India. The company's agro chemical formulations include insecticides, fungicides, herbicides, plant growth regulators, micronutrient fertilizers, and antibiotics to the B2C and B2B customers. It also manufactures and sells general insect and pest control chemicals for public and animal health protection applications; and offers crop protection solutions, and agrochemical active ingredients and intermediates. The company exports its products to Latin America, East African countries, the Middle East, and Far East Asia. Dharmaj Crop Guard Limited was incorporated in 2015 and is based in Ahmedabad, India.
Key Metrics
as of Sep 2026Market Cap913 Cr
P/E15.20
Div Yield0.00 %
Book Value₹133.00
52w High₹376.00
52w Low₹211.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 384.00 | 234.00 | 190.00 | 347.00 | 367.00 | 210.00 | 175.00 | 311.00 | 255.00 | 116.00 | 123.00 | 253.00 | 162.00 |
| Expenses | 327.00 | 223.00 | 182.00 | 315.00 | 317.00 | 206.00 | 165.00 | 277.00 | 228.00 | 116.00 | 113.00 | 222.00 | 143.00 |
| Operating Profit | 57.00 | 11.00 | 7.00 | 32.00 | 51.00 | 4.00 | 10.00 | 34.00 | 27.00 | 0.00 | 11.00 | 31.00 | 19.00 |
| OPM % | 15.00 | 4.50 | 3.90 | 9.00 | 14.00 | 1.80 | 5.00 | 11.00 | 11.00 | 0.00 | 9.00 | 12.00 | 12.00 |
| Other Income | 1.00 | 4.00 | 3.00 | 0.00 | 1.00 | 2.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 2.00 |
| Depreciation | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 4.00 | 3.00 | 1.00 | 0.00 | 1.00 |
| Interest | 3.00 | 5.00 | 5.00 | 4.00 | 3.00 | 4.00 | 3.00 | 3.00 | 3.00 | 2.00 | 0.00 | 0.00 | 1.00 |
| Profit before tax | 51.00 | 5.00 | 1.00 | 23.00 | 44.00 | -3.00 | 2.00 | 27.00 | 20.00 | -5.00 | 10.00 | 31.00 | 20.00 |
| Tax % | 25.00 | 24.00 | 22.00 | 23.00 | 25.00 | -23.00 | 23.00 | 23.00 | 25.00 | -32.00 | 20.00 | 25.00 | 26.00 |
| Net Profit | 38.00 | 4.00 | 1.00 | 17.00 | 33.00 | -2.00 | 1.00 | 21.00 | 15.00 | -3.00 | 8.00 | 23.00 | 15.00 |
| EPS in Rs | 11.26 | 1.18 | 0.23 | 5.13 | 9.64 | -0.72 | 0.35 | 6.22 | 4.46 | -1.00 | 2.29 | 6.81 | 4.29 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,138.00 | 951.00 | 654.00 | 524.00 | 388.00 | 298.00 | 193.00 | 136.00 |
| Expenses | 1,037.00 | 876.00 | 591.00 | 483.00 | 344.00 | 267.00 | 175.00 | 126.00 |
| Operating Profit | 100.00 | 75.00 | 63.00 | 41.00 | 44.00 | 31.00 | 18.00 | 10.00 |
| OPM % | 9.00 | 8.00 | 10.00 | 8.00 | 11.00 | 10.00 | 9.00 | 8.00 |
| Other Income | 8.00 | 2.00 | 3.00 | 4.00 | 2.00 | 1.00 | 1.00 | 1.00 |
| Interest | 17.00 | 13.00 | 3.00 | 2.00 | 3.00 | 1.00 | 2.00 | 2.00 |
| Depreciation | 19.00 | 18.00 | 5.00 | 5.00 | 5.00 | 3.00 | 2.00 | 2.00 |
| Profit before tax | 73.00 | 46.00 | 57.00 | 38.00 | 39.00 | 28.00 | 14.00 | 7.00 |
| Tax % | 25.00 | 24.00 | 23.00 | 30.00 | 26.00 | 26.00 | 26.00 | 28.00 |
| Net Profit | 55.00 | 35.00 | 44.00 | 27.00 | 29.00 | 21.00 | 11.00 | 5.00 |
| EPS in Rs | 16.18 | 10.31 | 13.13 | 7.95 | 11.62 | 12.74 | 6.54 | 25.10 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 34.00 | 34.00 | 34.00 | 34.00 | 25.00 | 16.00 | 16.00 | 2.00 |
| Reserves | 415.00 | 361.00 | 326.00 | 281.00 | 60.00 | 40.00 | 19.00 | 9.00 |
| Borrowings | 132.00 | 116.00 | 112.00 | 52.00 | 37.00 | 27.00 | 20.00 | 20.00 |
| Other Liabilities | 260.00 | 223.00 | 92.00 | 65.00 | 98.00 | 46.00 | 37.00 | 17.00 |
| Total Liabilities | 841.00 | 733.00 | 563.00 | 432.00 | 220.00 | 129.00 | 93.00 | 48.00 |
| Fixed Assets | 320.00 | 311.00 | 312.00 | 40.00 | 40.00 | 39.00 | 22.00 | 12.00 |
| CWIP | 6.00 | 7.00 | 2.00 | 90.00 | 18.00 | 1.00 | 2.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 516.00 | 416.00 | 249.00 | 302.00 | 161.00 | 89.00 | 68.00 | 36.00 |
| Total Assets | 841.00 | 733.00 | 563.00 | 432.00 | 220.00 | 129.00 | 93.00 | 48.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 28.00 | 39.00 | 7.00 | -24.00 | 16.00 | 13.00 | 2.00 | 3.00 |
| Cash from Investing Activity | -29.00 | -33.00 | -62.00 | -191.00 | -24.00 | -18.00 | -15.00 | -4.00 |
| Cash from Financing Activity | 2.00 | -9.00 | 57.00 | 214.00 | 7.00 | 6.00 | 12.00 | 0.00 |
| Net Cash Flow | 0.00 | -3.00 | 3.00 | -1.00 | 0.00 | 1.00 | -1.00 | 0.00 |
| Free Cash Flow | 1.00 | 9.00 | -182.00 | -93.00 | -7.00 | -5.00 | -13.00 | 0.00 |
| CFO/OP % | 39.00 | 58.00 | 33.00 | -30.00 | 59.00 | 64.00 | 32.00 | 50.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 90.00 | 95.00 | 66.00 | 51.00 | 81.00 | 44.00 | 63.00 | 46.00 |
| Inventory Days | 86.00 | 68.00 | 66.00 | 62.00 | 74.00 | 68.00 | 67.00 | 52.00 |
| Days Payable | 89.00 | 96.00 | 47.00 | 31.00 | 108.00 | 61.00 | 80.00 | 44.00 |
| Cash Conversion Cycle | 87.00 | 67.00 | 84.00 | 81.00 | 47.00 | 51.00 | 49.00 | 54.00 |
| Working Capital Days | 56.00 | 53.00 | 65.00 | 56.00 | 43.00 | 33.00 | 20.00 | 36.00 |
| ROCE % | 16.00 | 12.00 | 15.00 | 17.00 | 40.00 | 42.00 | 39.00 | — |
Corporate Actions
No corporate actions recorded.
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
-
Rating update2 Apr from crisil
-
Rating update18 Feb from care
-
Rating update13 May 2025 from crisil
-
Rating update16 Feb 2024 from crisil
-
Rating update29 Dec 2022 from crisil
-
Rating update9 Feb 2022 from crisil