Dharmaj Crop Guard

NSE: DHARMAJBSE: 543687
Compare with peers
₹ 252.00▲ 1.25 (+0.5%)28 Oct, 03:29 pm IST
Market cap
₹ 813 Cr.
P/E
14.2x
P/B
1.87x
52-week range
210.65 – 306
ROE
13%
ROCE
16%
Dividend yield
0%
Debt / equity
0.29
Sector
Fertilizers & Agrochemicals
Industry
Pesticides & Agrochemicals
Listed on
NSE, BSE

About

Dharmaj Crop Guard Limited is an India-based agrochemicals company. The Company is engaged in the business of manufacturing, distributing, and marketing a range of agro-chemical formulations such as insecticides, fungicides, herbicides, plant growth regulators, micro fertilizers and antibiotics to the B2C and B2B customers. The Company operates through the Agri-Inputs segment. It is also engaged in the marketing and distribution of agrochemical products under brands in-licensed by the Company, owned by it and through generic brands, to Indian farmers through a distribution network. The Company sells its agrochemical products in granules, powder and liquid forms to its customers. Additionally, the Company manufactures and sells general insect and pest control chemicals for Public Health and Animal Health protection. The Company exports its products to countries, such as Latin America, East African Countries, the Middle East and Far East Asia.

Quick check

The five things to look at first. Open one for more.

Dharmaj Crop Guard against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

  • Valuation (P/E)14.2 against a typical 23.3: cheaper than most peers (1st = cheapest).10th of 33
  • Sales growth+4.6% against a typical −4.5% from a year earlier.9th of 31
  • Profit growth+15.2% against a typical +15.2% from a year earlier.13th of 25
  • Share price, 3 months−5% against a typical −15.5%.8th of 32
  • Size₹ 813.5 Cr. market value against a typical ₹ 883.3 Cr. (1st = largest).17th of 31

Credit ratings

Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates

Adequate safety

Rated A- by CARE
A-
DefaultRiskyModerateSafeVery safe
  • No warnings from the agency.
AgencyCurrent ratingOutlookAs of
CRISILWithdrawn—2 Apr 2026
CARECARE A- / CARE A2+Stable18 Feb 2026
Credit rating actions
RatingDetails
2 Apr 2026
Withdrawn
——CRISIL₹ 237.85 Cr.
18 Feb 2026
New rating
CARE A- / CARE A2+—CARE₹ 250 Cr.

Research by Minerva Capital Research Solutions

Our research team's work on Dharmaj Crop Guard

Also covered in

IPO note · 12 Nov 2025 · Free

Board meetings

Results dates and other board meetings. Full calendar

Details
7 Aug 2026Financial Results/Other business mattersTo consider and approve the financial results for the period ended Jun 30, 2026 and other business matters
27 May 2026Financial Results/Other business mattersTo consider and approve the financial results for the period ended March 31, 2026 and other business matters
10 Feb 2026Financial Results/Other business mattersTo consider and approve the financial results for the period ended December 31, 2025 and other business matters
13 Nov 2025Financial Results/Other business mattersTo consider and approve the financial results for the period ended September 30, 2025 and other business matters
13 Aug 2025Financial Results/Other business mattersTo consider and approve the financial results for the period ended Jun 30, 2025 and other business matters
30 May 2025Financial Results/Other business mattersTo consider and approve the financial results for the period ended March 31, 2025 and other business matters

Share price

1Y change −15.04%
Volume (shares)Price (₹)
Close price

Financials

Consolidated figures in ₹ crore.

Quarterly results
₹ Cr.Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales253123116255311175210367347190234384
Expenses222113116228277165206317315182223327
Operating Profit311102734104513271157
OPM %12%9%0%11%11%5%1.8%14%9%3.9%4.5%15%
Other Income100000210341
Interest002333434553
Depreciation013455555555
Profit before tax3110−520272−344231551
Tax %25%20%−32%25%23%23%−23%25%23%22%24%25%
Net Profit238−315211−233171438
EPS in Rs6.812.29−14.466.220.35−0.729.645.130.231.1811.26

Growth and returns

Compounded yearly rates over each period.

Compounded Sales Growth
10 Years
—
5 Years
31%
3 Years
29%
TTM
9%
Compounded Profit Growth
10 Years
—
5 Years
22%
3 Years
27%
TTM
15%
Stock Price CAGR
10 Years
—
5 Years
—
3 Years
8%
TTM
—
Return on Equity
10 Years
—
5 Years
13%
3 Years
12%
TTM
—

Shareholding

Latest: Jun 2026.

Promoters
70.4%
0 pts in a year
FIIs
3.13%
−0.45 pts in a year
DIIs
0.5%
+0.03 pts in a year
Public
25.97%
+0.43 pts in a year

P/E and EPS over time

Daily P/E and trailing 12-month EPS. EPS updates with each result.

P/E 14.2xEPS (12 months) ₹ 17.80Median P/E 16.9x
P/E (times)EPS (₹)

Peers

Listed companies in the same business.

Peer comparison
Dharmaj Crop Guard₹ 252.00₹ 813 Cr.14.2x1.9x13%—
Asian Paints₹ 2,305.00₹ 2,21,095 Cr.58.1x12.1x21.2%12.4%
Solar Industries India₹ 18,320.00₹ 1,65,778 Cr.99.6x26.6x31.4%17.7%
Pidilite Industries₹ 1,514.00₹ 1,54,107 Cr.64.8x14.7x23.8%16.9%
SRF₹ 2,309.00₹ 68,444 Cr.44.6x6.1x13.8%11.6%
Linde India₹ 5,697.00₹ 48,586 Cr.110.5x14.2x13.6%21.7%

Prices are delayed and for information only. Nothing on this page is investment advice.