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Dharmaj Crop Guard

Dharmaj Crop Guard

NSE: DHARMAJBSE 543687Basic Materialswww.dharmajcrop.com
View MapTV Chart
272.50
6.50−2.33%
DAY269
₹272.50
281
52W211
₹272.50
387
Open280.45
Prev Close279.00
Bid272.48100
Ask272.53100
Volume89.6K+29%vs 20D avg
Market Cap₹909.15 Cr
Promoter Hold.70.4%
Face Value₹10
Fwd P/E
PEG
EV/EBITDA9.8
P/S0.83
ROA6.46%
Beta0.07
Div Payout
Valuation

Dharmaj Crop Guard Ltd valuation: P/E, P/B and sector benchmarks.

Twelve years of multiples investors have paid for Dharmaj Crop Guard Ltd, framed against the sector median so the premium or discount is obvious at a glance.

Dharmaj Crop Guard Ltd trades at a P/E of 17.21× and P/B of 2.10×.

Key MetricsLive · as of 17 Jun 2026
the price tag

Valuation

Market Cap
₹909.15 Cr
P/E Ratio
good17.21
P/B Ratio
good2.1
EPS
16.16
the engine

Profitability

ROE
avg12.96%
ROCE
avg12%
Net Margin
watch4.8%
Op Margin
watch7.15%
the trajectory

Growth

EPS YoY
%
Revenue YoY
good11.4%
Qtr Sales
good43.9%
Qtr Profit
good116%
the balance sheet

Financial Health

Debt / Equity
watch29.38
Book Value
132.4
Div Yield
%
Promoter Hold.
good70.4%
Financials

Dharmaj Crop Guard Ltd financials: P&L, balance sheet, cash flow, ratios.

Twelve years of audited numbers for Dharmaj Crop Guard Ltd, switchable between annual and quarterly views, consolidated or standalone.

Dharmaj Crop Guard Ltd reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹909.15 Cr and reported EPS of ₹16.16.

Period20252026
Revenue from Operations
951
1,138
Other Income
2
8
Total Income
953
1,146
Cost of Goods Sold (COGS)
744
881
Gross Profit
207
257
+Operating Expenses
132
157
EBITDA
75
100
+Non-Operating Expenses
31
36
Profit Before Tax (PBT)
46
72
+Tax Expense
11
18
Profit After Tax (PAT)
35
55
Earnings Per Share (EPS)
10.30
16.17
Diluted Shares Outstanding (Nos.)
3
3
+Additional Disclosures
1,652
1,954
Sales Growth %
19.65
YoY Sales Growth %
19.65
Material Cost %
63
62
Employee Cost %
5
5
Other Cost %
9
9
OPM %
8
9
Tax %
24
25
Profit Growth %
56.92
Gross Margin %
0.00
0.00
EBITDA Margin %
0.00
0.00
Interest Coverage Ratio
0.00
0.00
Additional Fields
57
81
all values in ₹ Cr unless suffixed · source: company filings
Segment Analysis

Dharmaj Crop Guard segment analysis: revenue and profit mix.

Disclosed business segments at Dharmaj Crop Guard with their share of revenue and profit, switchable between consolidated and standalone reporting.

Dharmaj Crop Guard discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.

Segment-wise Financial Analysis

Investment Thesis

Dharmaj Crop Guard Ltd investment thesis: bull case, bear case, and the flip lines.

Why someone would buy Dharmaj Crop Guard Ltd, why someone wouldn't, and the quantitative tripwires that would force the call to flip.

Dharmaj Crop Guard Ltd's investment case rests on 7 positive markers and 8 flagged concerns drawn from the latest reported filings.

bull case

What you're getting.

  • The company demonstrates robust quarterly performance with sales growing by 43.90% and net profit surging by an impressive 116.00%, indicating strong operational efficiency and market demand.

  • A healthy financial structure is evident with a low debt-to-equity ratio of 0.29, suggesting prudent financial management and reduced leverage risk for investors.

  • Promoter confidence remains high, with a substantial 70.40% shareholding, which often signals long-term commitment and stability in the company's leadership.

  • Dharmaj Crop Guard's P/E ratio of 19.30 is notably lower than several industry peers, potentially offering an attractive valuation compared to its competitors.

  • Given its current P/E ratio of 19.30, which is lower than many peers, there's an opportunity for valuation re-rating if the company sustains its strong quarterly growth.

bear case

What can break it.

  • The company's Return on Equity (ROE) at 9.28% and Return on Capital Employed (ROCE) at 12.00% are considerably lower than many industry peers, indicating suboptimal capital efficiency.

  • Recent quarterly financials show inconsistency, with net losses of -3.39 Cr in March 2024 and -2.45 Cr in March 2025, raising concerns about seasonal or operational stability.

  • The stock has experienced significant price volatility, trading between a 52-week high of 386.50 and a low of 165.10, which could imply higher risk for short-term investors.

  • Dharmaj Crop Guard currently offers a 0.00% dividend yield, which might be less attractive to income-focused investors compared to several dividend-paying competitors.

  • The Pesticides & Agrochemicals industry is highly competitive, with several larger, more profitable peers, posing a threat to market share and pricing power for Dharmaj Crop Guard.

flip conditions

What would change my mind.

  • Trim if P/E re-rates above 22. The valuation cushion thins from there.

  • Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.

  • Watch interest coverage if debt-to-equity climbs above 29.88. Balance sheet risk re-prices growth multiples fast.

  • Exit if ROE slips below 8%. The operating engine is no longer compounding capital efficiently.

Shareholding

Dharmaj shareholding pattern: promoters, FII, DII and public.

Quarter-on-quarter ownership shifts in Dharmaj — who is buying, who is exiting, and which institutions hold the largest positions.

Shareholding Pattern

Loading shareholding data...

Peers

Dharmaj Crop Guard Ltd peer comparison — same-sector benchmarks.

Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Dharmaj Crop Guard Ltd is highlighted for quick read-across.

Quick Compare

Largest by Market Cap
UPL Ltd
₹51,815.11 Cr
Best Profit Growth
Sharda Cropchem Ltd
424.00 %
Highest Dividend Yield
Rallis India Ltd
1.31 %
Technicals

Dharmaj Crop Guard Ltd technical analysis: indicators, pivots and CPR.

Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for Dharmaj Crop Guard Ltd — derived from the live tape, not yesterday's close.

Dharmaj Crop Guard Ltd last traded at ₹272.5 with an intraday range of ₹268.6–₹280.65 — live indicator, pivot and CPR signals below.

Pivot points

Standard pivot — most widely referenced.

Pivot levels · Classic

Live: ₹272.50
LevelPrice (₹)Distance% Δ
R4303.33+30.83+11.31%
R3291.28+18.78+6.89%
R2285.97+13.47+4.94%
R1279.23+6.73+2.47%
PIVOT273.921.420.52%
CURRENT272.50
S1243.08-29.42-10.80%
S2255.13-17.37-6.37%
S3261.87-10.63-3.90%
S4267.18-5.32-1.95%
CPR Levels
Support
Resistance
S4
S3
S2
S1
| CPR |
BC: 273.21P: 273.92TC: 274.63
R1
R2
R3
R4
indicator
LTP: 272.50
PDH: 281.90
PDL: 276.55
● Market Sentiment

DHARMAJ is trading Below CPR, indicating Bearishness

● CPR Width

CPR is Wider, suggesting unlikely for trending moves

● Opening Range

Day's range: 278.4 ~ 280.45

● Price Position

Trading Below opening range, showing Bearishness

Chart Patterns

Dharmaj Crop Guard Ltd chart patterns: breakouts, tops and bottoms.

Auto-detected classical chart patterns for Dharmaj Crop Guard Ltd — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.

Delivery & Volume

Dharmaj Crop Guard Ltd delivery volume — last 20 sessions of conviction.

Daily traded volume and delivery percentage for Dharmaj Crop Guard Ltd over 20 sessions — the gap between intraday flipping and genuine accumulation.

Latest session delivery in Dharmaj Crop Guard Ltd stood at 76.3% of traded volume, against a 20-day average of 58.5%.

Avg Delivery (20D)58.5%+17.8 ppt latest vs avg
Highest Delivery79.5%on 16 Jun
Avg Volume (20D)69.5 K20-day run-rate
Conviction Trend↑ Strengthening+17.8 ppt latest read
Volume & Delivery · last 20 sessions
Filings & Concalls

Dharmaj Crop Guard announcements: results, concalls, ratings, M&A.

Filings Dharmaj Crop Guard sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.

Dharmaj Crop Guard files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 61 documents below.

  1. 29 May 2026Analysts/Institutional Investor Meet/Con. Call UpdatesView PDF

    Analysts/Institutional Investor Meet/Con. Call Updates

    Dharmaj Crop Guard Limited has informed the Exchange about Link of Recording

  2. 28 May 2026UpdatesView PDF

    Updates

    Dharmaj Crop Guard Limited has informed the Exchange regarding 'Submission of Annual Secretarial Compliance Report for the Financial year ended March…

  3. 28 May 2026Copy of Newspaper PublicationView PDF

    Copy of Newspaper Publication

    Dharmaj Crop Guard Limited has informed the Exchange about Copy of Newspaper Publication

  4. 23 May 2026Analysts/Institutional Investor Meet/Con. Call UpdatesView PDF

    Analysts/Institutional Investor Meet/Con. Call Updates

    Dharmaj Crop Guard Limited has informed the Exchange about Schedule of meet

  5. 23 Apr 2026Disclosure under SEBI Takeover RegulationsView PDF

    Disclosure under SEBI Takeover Regulations

    Dharmaj Crop Guard Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India…

Corporate Actions

Dharmaj Crop Guard dividend history, splits and bonus issues.

Every dividend, stock split and bonus issue Dharmaj Crop Guard has declared, sequenced by announce and record date.

Dharmaj Crop Guard corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.

About the Company

About Dharmaj Crop Guard Ltd: business, sector, key facts.

What Dharmaj Crop Guard Ltd does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.

Dharmaj Crop Guard Ltd operates in the Basic Materials, listed as NSE: DHARMAJ, BSE: 543687.

DHARMAJ
Basic Materials

Dharmaj Crop Guard Ltd

NSE · DHARMAJ·BSE · 543687·www.dharmajcrop.com

Dharmaj Crop Guard Limited is an Indian agrochemical company specializing in the manufacturing, distribution, and marketing of a diverse range of crop protection products. Their product portfolio encompasses a wide spectrum of agrochemical formulations, catering to both business-to-consumer (B2C) and business-to-business (B2B) markets. This extensive portfolio includes insecticides, fungicides, herbicides, plant growth regulators, micro-fertilizers, and antibiotics, providing comprehensive solutions for various agricultural needs.

The company's commitment extends beyond agricultural applications. Dharmaj Crop Guard also manufactures and sells general insect and pest control chemicals designed for public and animal health protection. This diversification demonstrates their broader commitment to pest control and protection across various sectors. This dual focus underscores their ability to address a wide range of customer needs and market segments.

A significant aspect of Dharmaj Crop Guard's operations is their involvement in the international market. They actively export their products to several key regions globally, including Latin America, East African countries, the Middle East, and Far East Asia. This international presence highlights their competitive position within the global agrochemical industry and demonstrates their capacity to meet international standards and regulations.

In addition to the finished formulations, Dharmaj Crop Guard also engages in the manufacturing and supply of agrochemical active ingredients and intermediates. This vertical integration strengthens their supply chain and allows for greater control over product quality and cost-effectiveness. By controlling key aspects of the production process, the company can better meet the demands of a dynamic and often unpredictable agricultural market.

Founded in 2015 and headquartered in Ahmedabad, India, Dharmaj Crop Guard Limited has established itself as a significant player in the Indian and international agrochemical market. Their comprehensive product range, coupled with their international reach and vertical integration strategy, positions the company for continued growth and success within the agricultural sector.

company facts
Founded / IPO
Employees
SectorBasic Materials
HeadquartersAhmedabad, India
Market Cap₹909.15 Cr
Listed OnNSE
leadership10 on record
Mr. Bhupendra Varasada
Head of Operations – Sayakha Unit
Mr. Hitesh Patel
Vice President of Marketing
Mr. Jagdishbhai Ravjibhai Savaliya
Whole Time Director
Mr. Jamankumar Hansarajbhai Talavia
Whole Time Director
Mr. Kalpesh C. Patel
Senior Manager of Accounts
Mr. Prakash Patel
President of Technical & Regulatory Affairs
Mr. Rameshbhai Ravajibhai Talavia
Chairman & MD
Mr. Vikas Mohanlal Agarwal
Chief Financial Officer
Mr. Vishalbhai H. Domadia
Chief Executive Officer
Ms. Malvika Bhadreshbhai Kapasi
Company Secretary & Compliance Officer
§ ∞ · Plainly Answered

Questions investors ask about Dharmaj Crop Guard Ltd (DHARMAJ).

Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.

01What is the current share price of Dharmaj Crop Guard Ltd (DHARMAJ)?

The current share price of Dharmaj Crop Guard Ltd (DHARMAJ) is ₹272.5. Today, the stock has declined by ₹6.50 (2.33%), trading in a range of ₹268.6 to ₹280.65. The stock opened at ₹280.45 with a trading volume of 89,647 shares.

02Is Dharmaj Crop Guard Ltd stock a good investment for long-term?

Dharmaj Crop Guard Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹909.15 crores, P/E ratio of 17.21, ROE of 12.96%, and ROCE of 12.00%. The dividend yield stands at 0.00%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.

03What is the 52-week high and low price of Dharmaj Crop Guard Ltd stock?

The 52-week high price of Dharmaj Crop Guard Ltd (DHARMAJ) is ₹386.5, while the 52-week low is ₹210.65. Currently trading at ₹272.5, the stock is 35.2% away from its 52-week low and 29.5% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.

04Should I buy Dharmaj Crop Guard Ltd stock at the current price?

Whether to buy Dharmaj Crop Guard Ltd stock at ₹272.5 depends on multiple factors. The stock is currently trading with a P/E ratio of 17.21 and P/B ratio of 2.10. Today's performance shows a loss of 2.33%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.

05What is the dividend yield of Dharmaj Crop Guard Ltd and when is the next dividend?

Dharmaj Crop Guard Ltd offers a dividend yield of 0.00%, which means for every ₹100 invested at the current price of ₹272.5, you can expect to receive approximately ₹0.00 annually as dividends. The face value of the stock is ₹10.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.

06What are the key financial ratios and metrics of Dharmaj Crop Guard Ltd?

Dharmaj Crop Guard Ltd's key financial metrics include: P/E Ratio: 17.21, P/B Ratio: 2.10, ROE: 12.96%, ROCE: 12.00%, Dividend Yield: 0.00%, EPS: ₹16.16, Book Value: ₹132.4, and Debt-to-Equity: 29.38. The company's market cap stands at ₹909.15 crores. These metrics help evaluate the company's valuation, profitability, and financial health.

07How is Dharmaj Crop Guard Ltd stock performing today in the market?

Dharmaj Crop Guard Ltd stock opened at ₹280.45 and is currently trading at ₹272.5, showing a decline of ₹6.50 (2.33%). The intraday high is ₹280.65 and low is ₹268.6. The trading volume stands at 89,647 shares, indicating moderate market participation today.

08What is the P/E ratio of Dharmaj Crop Guard Ltd and what does it indicate?

Dharmaj Crop Guard Ltd has a Price-to-Earnings (P/E) ratio of 17.21, which means investors are willing to pay ₹17.21 for every ₹1 of earnings. With an EPS of ₹16.16, this P/E ratio indicates moderate valuation in line with market standards. Compare this with industry peers and historical P/E ratios for better context.

Disclaimer

The data, ratios and commentary about Dharmaj Crop Guard Ltd (DHARMAJ) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.