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Bearish
3
Neutral
6
Bullish
5
Bearish
20
Neutral
6
Bullish
20
Bearish
17
Neutral
0
Bullish
15
Discovery themes featuring this stock
Dharmaj Crop Guard Limited is an integrated Indian agrochemical company manufacturing and marketing crop-protection solutions, including branded formulations, domestic and export institutional formulations, active ingredients (technicals), and public-health and animal-health chemicals, supported by multiple manufacturing units in Gujarat and a distribution network of dealers, distributors and retail touchpoints across India.
Q3FY26 showed mixed outcomes: revenue grew 9% year-on-year to ₹1,895 million, but EBITDA and PAT contracted due to a softer formulations mix and a one-time ₹4.75 million labour-code provision, resulting in a Q3 EBITDA margin of 3.9% and PAT margin of 0.4%, while 9MFY26 displayed stronger scale with revenues up 22% and PAT up 36% versus 9MFY25.
Active Ingredients and Exports are emerging margin levers: 9MFY26 Active Ingredients revenue rose 48% and Export Institutional revenues increased 75% year-on-year, indicating successful backward-integration and export market penetration that can improve blended profitability through higher captive consumption and broader overseas registrations.
Management is pursuing capacity expansion and product pipeline growth, including a ₹330 million dedicated herbicide formulations unit to be operational by Q2FY27; this capex is intended to de-risk cross-contamination, release peak-season throughput at existing facilities, and support long-term formulations growth alongside the Saykha technicals facility.
Commercial expansion initiatives include doubling retail touchpoints from 17k+ to 19k+, onboarding 59 sales hires in 9M, launching five new branded products including Prospector and Orbo, and holding 115 export registrations with 157 further registrations pending, supporting both domestic distribution growth and international market scaling.
Fertilizers & Agrochemicals
Pesticides & Agrochemicals
925 Cr
Low Risk
16.9
20.9
2.5
2.1
391.25
211.05
Sales CAGR
Profit CAGR
ROE
ROCE
Discovery themes featuring this stock
Dharmaj Crop Guard Ltd (DHARMAJ) is currently trading at 270.75 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.
Dharmaj Crop Guard Limited is an integrated Indian agrochemical company manufacturing and marketing crop-protection solutions, including branded formulations, domestic and export institutional formulations, active ingredients (technicals), and public-health and animal-health chemicals, supported by multiple manufacturing units in Gujarat and a distribution network of dealers, distributors and retail touchpoints across India. Q3FY26 showed mixed outcomes: revenue grew 9% year-on-year to ₹1,895 million, but EBITDA and PAT contracted due to a softer formulations mix and a one-time ₹4.75 million labour-code provision, resulting in a Q3 EBITDA margin of 3.9% and PAT margin of 0.4%, while 9MFY26 displayed stronger scale with revenues up 22% and PAT up 36% versus 9MFY25. Active Ingredients and Exports are emerging margin levers: 9MFY26 Active Ingredients revenue rose 48% and Export Institutional revenues increased 75% year-on-year, indicating successful backward-integration and export market penetration that can improve blended profitability through higher captive consumption and broader overseas registrations. Management is pursuing capacity expansion and product pipeline growth, including a ₹330 million dedicated herbicide formulations unit to be operational by Q2FY27; this capex is intended to de-risk cross-contamination, release peak-season throughput at existing facilities, and support long-term formulations growth alongside the Saykha technicals facility. Commercial expansion initiatives include doubling retail touchpoints from 17k+ to 19k+, onboarding 59 sales hires in 9M, launching five new branded products including Prospector and Orbo, and holding 115 export registrations with 157 further registrations pending, supporting both domestic distribution growth and international market scaling.
Over the past 52 weeks, Dharmaj Crop Guard Ltd has traded between a low of ₹211.05 and a high of ₹391.25. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.
Dharmaj Crop Guard Ltd has a market capitalization of approximately 924.69. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.
Dharmaj Crop Guard Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 16.92 and operates in the its sector sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.
Based on its market capitalization of 924.69 Cr, Dharmaj Crop Guard Ltd is classified as a Small Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.
Dharmaj Crop Guard Ltd operates in the its sector sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.
The Price-to-Earnings (PE) ratio of Dharmaj Crop Guard Ltd is 16.92. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.
Standalone net profit declined 17.50% to Rs 17.35 crore for the quarter ended September 2025.
Standalone net sales were reported at ₹233.78 crore for the quarter ended March 2026, up from ₹209.93 crore in March 2025.
| Symbol | Watchlist | Price | Market Cap | P/E | P/B | Div Yield (%) | ROE (%) | ROCE (%) | ROA (%) |
47.29 | 1,203 Cr | 41.86 | 0.78 | 0.00 | 1.86 | 6.75 | 0.95 | ||
920.00 | 1,135 Cr | 17.75 | 2.68 | 0.32 | 15.10 | 17.43 | 7.77 | ||
273.60 | 925 Cr | 16.92 | 2.06 | 0.00 | 12.17 | 15.44 | 6.50 | ||
172.60 | 691 Cr | -9.04 | 0.91 | 0.00 | -10.03 | -1.57 | -3.94 | ||
99.10 | 637 Cr | 18.05 | 2.17 | 0.00 | — | — | 0.00 | ||
16.05 | 565 Cr | 63.70 | 0.82 | 0.00 | 1.15 | 5.22 | 0.53 | ||
191.42 | 479 Cr | 15.11 | 1.24 | 0.00 | 8.23 | 13.07 | 7.30 | ||
| Median: 7 Co. | — | 172.60 | 691 Cr | 17.75 | 1.24 | 0.00 | 5.05 | 9.91 | 0.95 |
Earnings Transcript
Dharmaj Crop Guard reported FY'26 revenue of Rs 1,138 crore (+20% YoY), Q4 revenue Rs 234 crore (+11%), EBITDA Rs 101 crore (+34%), PAT Rs 55 crore (+57%); technical plant reached PBT break-even; FY'27 revenue guidance +18–20%; new herbicide unit to commission in Q3 FY'27; inventory build taken to secure raw materials amid West Asia disruption.
Earnings Call Transcript
Dharmaj Crop Guard reported FY'26 revenue of Rs. 1,138 Cr (+20% YoY), EBITDA Rs. 101 Cr (+34%) and net profit Rs. 55 Cr (+57%); active ingredients grew 37% and management guides FY'27 revenue growth of 18–20% with a new herbicide plant due Q3 FY'27.
