Dharmaj Crop Guard Limited

BSE: DHARMAJ543687ISIN INE00OQ01016

Commodities
Pesticides & Agrochemicals
BSE Commodities

Share price

₹250.75+1.50 (+0.60%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹306.60
52W low: ₹211.05
Off 52W high: -18.22%
1M return: -5.75%
3M return: -8.32%
6M return: -9.72%
1Y return: -2.37%
20D avg volume: 1,065
50 DMA: ₹266.24
200 DMA: ₹259.15

Key ratios Consolidated

Market cap: ₹847.47 Cr
Current price: ₹250.75
52W high / low: ₹306.60 / ₹211.05
Face value: ₹10.00
P/E: 14.09
P/B: 1.69
EPS (TTM): ₹17.80
Book value / share: ₹148.08
ROE: —
ROCE: 17.60%
Operating margin: —
Net margin: —
Debt / equity: 0.29
Net debt: ₹131.63 Cr
Interest cover: 5.21
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: 87.3 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q4 FY24
Income statement
	332.62	382.38	233.78	189.54	347.26	367.38	209.93	—
	1.63	1.13	4.37	3.17	0.04	0.77	1.51	—
	334.25	383.51	238.15	192.71	347.30	368.15	211.44	—
	316.62	332.51	232.91	191.74	324.75	324.43	214.63	—
	203.19	236.11	144.67	117.86	235.11	205.91	139.30	—
	51.12	62.39	53.94	17.32	52.72	76.67	50.15	—
	13.81	15.24	13.51	14.48	14.71	13.07	9.99	—
	3.27	2.68	4.95	4.64	4.50	3.12	3.97	—
	4.94	4.86	4.80	4.88	4.79	4.66	4.58	—
	23.84	27.14	25.37	21.67	29.14	24.96	20.83	—
	17.63	50.99	5.24	0.97	22.54	43.73	-3.19	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—
	17.63	50.99	5.24	0.97	22.54	43.73	-3.19	—
	4.43	12.88	1.27	0.22	5.21	11.14	-0.74	—
	13.21	38.11	3.97	0.76	17.33	32.59	-2.45	—
	3.91	11.28	1.17	0.22	5.13	9.64	-0.73	—
Key metrics
	25.84	58.53	14.99	10.49	31.83	51.51	5.36	—
	7.80%	15.30%	6.40%	5.50%	9.20%	14.00%	2.60%	—
	4.00%	10.00%	1.70%	0.40%	5.00%	8.90%	-1.20%	—
	3.70%	—	2.00%	—	5.30%	—	0.20%	—
	-4.20%	4.10%	11.40%	—	—	—	—	—
	-23.80%	16.90%	262.00%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	1,138	1,138	951.04	—
	10.30	8.35	2.15	—
	1,149	1,146	953.19	—
	1,074	1,074	907.44	—
	701.83	703.54	595.83	—
	184.77	200.65	172.03	—
	57.04	55.76	46.79	—
	15.54	17.22	12.90	—
	19.48	19.12	18.27	—
	98.02	101.15	85.11	—
	74.83	72.48	45.76	—
	0.00	0.00	0.00	—
	74.83	72.48	45.76	—
	18.80	17.84	10.93	—
	56.05	54.65	34.83	—
	16.58	16.17	10.30	—
Key metrics
	109.85	108.82	76.93	—
	9.65%	9.60%	8.10%	—
	4.92%	4.80%	3.70%	—
	—	17.60%	12.60%	—
	—	19.70%	—	—
	—	56.90%	—	—
	—	0.70	6.56	—
	—	0.51	1.11	—
	—	0.29	0.29	—
	—	131.63	115.32	—
	—	87.3	73.4	—
Balance sheet
	—	841.40	733.41	—
	—	512.68	411.18	—
	—	0.28	0.23	—
	—	280.73	248.39	—
	—	207.40	138.49	—
	—	17.85	20.97	—
	—	309.72	308.45	—
	—	215.68	195.62	—
	—	331.08	268.64	—
	—	131.91	115.55	—
	—	80.92	51.44	—
	—	50.99	64.11	—
	—	449.04	394.41	—
Cash flow
	—	27.61	38.68	—
	—	-29.27	-32.90	—
	—	1.71	-8.55	—
	—	26.91	32.12	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	332.62	384.10	233.78	189.54	347.26	367.38	209.93	174.51	311.33	255.28	116.07	123.42
	1.67	1.16	4.38	3.18	0.05	0.77	1.51	0.04	0.30	0.38	0.16	0.25
	334.29	385.26	238.16	192.72	347.32	368.16	211.44	174.47	311.62	255.66	116.24	123.67
	316.57	334.34	232.90	191.74	324.75	324.43	214.62	172.93	284.42	235.45	121.18	115.94
	203.19	236.11	144.67	117.86	235.11	205.91	139.30	94.38	204.73	157.42	79.73	98.51
	51.12	64.22	53.94	17.32	52.72	76.67	50.15	31.09	49.31	41.47	29.62	—
	13.77	15.24	13.51	14.48	14.71	13.07	9.99	12.07	13.61	11.13	8.71	6.25
	3.27	2.68	4.95	4.64	4.50	3.12	3.97	3.26	2.99	2.68	2.01	0.33
	4.94	4.86	4.80	4.88	4.79	4.66	4.58	4.66	4.59	4.44	3.08	1.03
	23.83	27.14	25.35	21.67	29.14	24.96	20.82	19.97	24.44	—	—	11.42
	17.72	50.92	5.26	0.98	22.56	43.73	-3.18	1.54	27.20	20.21	-4.95	7.73
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	17.72	50.92	5.26	0.98	22.56	43.73	-3.18	1.54	27.20	20.21	-4.95	7.73
	4.45	12.86	1.27	0.22	5.21	11.14	0.74	0.36	6.17	5.14	1.56	1.89
	13.27	38.05	3.99	0.77	17.35	32.59	-2.44	1.18	21.03	15.07	-3.39	5.84
	3.93	11.26	1.18	0.23	5.13	9.64	-0.72	0.35	6.22	4.46	-1.00	1.73
Key metrics
	25.93	58.46	15.01	10.50	31.85	51.51	5.37	9.46	34.78	27.33	0.14	9.09
	7.80%	15.20%	6.40%	5.50%	9.20%	14.00%	2.60%	5.40%	11.20%	10.70%	0.10%	7.40%
	4.00%	9.90%	1.70%	0.40%	5.00%	8.90%	-1.20%	0.70%	6.80%	5.90%	-2.90%	4.70%
	3.80%	—	2.00%	—	5.30%	—	0.20%	—	—	—	—	—
	-4.20%	4.60%	11.40%	8.60%	11.50%	43.90%	80.90%	41.40%	—	—	—	—
	-23.50%	16.80%	263.50%	-34.70%	-17.50%	116.30%	28.00%	-79.80%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23
Income statement
	1,140	1,138	951.04	654.10	533.55
	10.39	8.39	2.15	3.43	4.51
	1,150	1,146	953.19	657.53	538.06
	1,076	1,074	907.43	600.04	493.59
	701.83	703.54	595.83	395.85	447.61
	186.60	200.65	172.03	133.30	—
	57.00	55.76	46.79	27.75	19.05
	15.54	17.22	12.90	3.44	2.33
	19.48	19.12	18.27	5.44	5.08
	97.99	101.14	85.10	—	29.15
	74.88	72.54	45.77	57.49	44.47
	0.00	0.00	0.00	—	—
	74.88	72.54	45.77	57.49	44.47
	18.80	17.84	10.93	13.11	11.36
	56.08	54.70	34.84	44.38	33.11
	16.60	16.19	10.31	13.13	12.03
Key metrics
	109.90	108.88	76.94	66.37	51.88
	9.64%	9.60%	8.10%	10.10%	9.70%
	4.92%	4.80%	3.70%	6.80%	6.20%
	—	17.60%	12.60%	—	—
	3.73%	19.70%	45.40%	22.60%	—
	15.20%	57.00%	-21.50%	34.00%	—
	—	1.01	6.56	—	—
	—	0.51	1.11	—	—
	—	0.29	0.29	—	—
	—	131.69	115.37	—	—
	—	87.3	73.4	—	—
Balance sheet
	—	841.46	733.41	—	—
	—	512.94	411.13	—	—
	—	0.22	0.18	—	—
	—	280.73	248.39	—	—
	—	207.40	138.49	—	—
	—	17.81	20.97	—	—
	—	309.72	308.45	—	—
	—	215.67	195.61	—	—
	—	331.07	268.63	—	—
	—	131.91	115.55	—	—
	—	80.92	51.44	—	—
	—	50.99	64.11	—	—
	—	449.11	394.42	—	—
Cash flow
	—	27.68	38.68	—	—
	—	-29.35	-32.95	—	—
	—	1.71	-8.55	—	—
	—	26.67	32.12	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +28.72%
Sales CAGR 5Y: —
Profit CAGR 3Y: +18.22%
Profit CAGR 5Y: —
Sales YoY (TTM): +3.73%
Profit YoY (TTM): +15.20%

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): —
Profit YoY (TTM): —

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 70.40%

Quarter	September 2026	June 2026
Promoter %	70.40%	70.40%

Holder	Type	Holding	Previous	Change
Talavia Rameshbhai Ravajibhai	Promoter	26.67%	26.67%	0.00%
Jamankumar Hansarajbhai Talavia	Promoter	24.45%	24.45%	0.00%
Manjulaben R Talaviya	Promoter Group	6.62%	6.62%	0.00%
Talavia Muktaben Jamanbhai	Promoter Group	6.29%	6.29%	0.00%
Vishal Domadia	Promoter	3.82%	3.82%	0.00%
Gymkhana Partners L.P.	Public	1.56%	1.56%	0.00%
Savaliya Jagdishbhai R	Promoter	1.50%	1.50%	0.00%
Unico Global Opportunities Fund Limited	Public	1.48%	1.48%	0.00%
Miten Mehta	Public	1.20%	—	—
Prafullaben Shantilal Savaliya	Promoter Group	0.68%	0.68%	0.00%
Domadia Artiben	Promoter Group	0.27%	0.27%	0.00%
Ilaben Jagdishbhai Savaliya	Promoter Group	0.04%	0.04%	0.00%
Talavia Hitarth Jamankumar	Promoter Group	0.03%	0.03%	0.00%
Jinal Jamanbhai Talavia	Promoter Group	0.03%	0.03%	0.00%
Megi Ramesh Talavia	Promoter Group	0.00%	0.00%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
UPL Limited	44,614	528.50	20.63	11.20%	+10.33% TTM	-8.66% TTM	-27.73%
PI Industries Limited	33,178	2,186.80	28.48	14.60%	-16.57% TTM	-27.70% TTM	-40.62%
SUMITOMO CHEMICAL INDIA LIMITED	16,369	327.95	29.28	21.00%	-2.59% TTM	+2.94% TTM	-34.32%
Bayer CropScience Limited. S	14,606	3,249.85	19.59	27.90%	-5.00% TTM	+22.45% TTM	-32.80%
Sharda Cropchem Limited	6,122	678.60	9.51	25.30%	+17.28% TTM	+42.42% TTM	-16.28%
Dhanuka Agritech Ltd. S	4,203	942.75	14.83	22.10%	-0.06% TTM	+1.17% TTM	-28.35%
Rallis India Ltd S	3,681	189.30	18.69	12.30%	+6.82% TTM	+11.93% TTM	-27.67%
NACL Industries Limited	2,948	125.85	238.31	7.80%	+11.90% TTM	+121.22% TTM	—
Bhagiradha Chemicals and Industries	2,521	194.40	110.74	4.40%	+30.21% TTM	+125.02% TTM	-21.34%
GSP CROP SCIENCE LIMITED	2,036	437.70	—	20.20%	—	—	—
Insecticides India Ltd.	1,619	556.55	12.94	16.10%	+1.26% TTM	-17.02% TTM	-22.64%
Bharat Rasayan Limited	1,605	965.65	2.86	15.10%	-5.17% TTM	+4.24% TTM	-65.15%
Meghmani Organics Limited	1,414	55.62	22.02	8.60%	-5.19% TTM	+118.28% TTM	-28.34%
India Pesticides Limited	1,326	115.10	14.03	16.20%	+2.89% TTM	-9.46% TTM	-37.97%
ASTEC LIFESCIENCES LIMITED	1,266	568.00	-15.91	-10.50%	+16.06% TTM	+30.16% TTM	-14.44%
Punjab Chemicals and Crop Protection Ltd.	1,127	919.35	18.69	20.70%	+13.95% TTM	+15.36% TTM	-29.54%
Dharmaj Crop Guard Limited S	847	250.75	15.11	17.60%	+3.73% TTM	+15.20% TTM	-2.37%
Advance Agrolife Limited S	845	131.50	17.30	17.20%	—	—	+1.08%
Heranba Industries Limited	608	152.05	-7.91	-2.40%	-2.56% TTM	-853.72% TTM	-48.54%
BEST AGROLIFE LIMITED	516	14.54	10.71	7.60%	-19.67% TTM	+276.02% TTM	-32.22%
Shivalik Rasayan Ltd.	482	300.70	24.54	4.90%	+14.88% TTM	+1.34% TTM	-34.47%
MAHAMAYA LIFESCIENCES LIMITED	424	181.00	—	25.20%	—	—	—
Indogulf Cropsciences Limited	391	61.79	8.97	14.70%	—	—	-39.98%
Bhaskar Agrochemicals Ltd. S	55	105.90	11.16	31.80%	+21.00% TTM	-9.34% TTM	+2.17%
Super Crop Safe Ltd. S	54	13.34	23.82	5.80%	+43.30% TTM	+55.56% TTM	+27.78%

Filings & corporate actions

Recent announcements

Investor Presentation for the Quarter and half year ended on September 30,20264 Nov 2026 · Company Update / Investor Presentation
Press Release dated 04-11-20264 Nov 2026 · Company Update / Press Release / Media Release
The Unaudited Financial Results for the quarter ended September 30,2026 along with Limited Review Report.4 Nov 2026 · Result / Financial Results
Pursuant to Regulation 33 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform ....4 Nov 2026 · Board Meeting / Outcome of Board Meeting
Earning Conference call on 06 November 202628 Oct 2026 · Company Update / Analyst / Investor Meet
Dharmaj Crop Guard Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 04/11/2026 ,inter alia, to consider and approve Un-audited Financial Results ....28 Oct 2026 · Board Meeting / Board Meeting
Intimation regarding the Order passed by the Hon''ble High Court of Himachal Pradesh16 Oct 2026 · Company Update / Award of Order / Receipt of Order
The Certificate for the Quarter ended September 30,2026 is attached .7 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Pursuant to declaration of Unaudited Financial Result for the Second Quarter and Half year ended on September 30,2026 the Trading window will remain close till the declaration of the Result ....26 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
The Voting results and Scrutinizer''s Report is attached for the 12th Annual General Meeting.25 Sep 2026 · AGM/EGM / AGM
12th Annual General Meeting Proceedings are attached24 Sep 2026 · AGM/EGM / AGM
Pursuant to regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('the Listing Regulations') read with part A of Schedule III of the Listing ....23 Sep 2026 · Company Update / Analyst / Investor Meet
Annual General meeting of the Company going to be held on Thursday, September 24,2026 at 11:30 a.m.31 Aug 2026 · AGM/EGM / AGM
Newspaper Advertisement Published for the 12th Annual General Meeting of the Company regarding the facility of Evoting and other instructions.31 Aug 2026 · Company Update / Newspaper Publication
Letter to Shareholder whose email is not register with Company.29 Aug 2026 · Company Update / General
Notice of 12th Annual General Meeting is attached29 Aug 2026 · Company Update / General
Annual Report FY 2025-26 is attached29 Aug 2026 · Others / Reg. 34 (1) Annual Report
Newspaper advertisement for Annual General meeting to be held via Video Conferencing/ other Audio visual means.20 Aug 2026 · Company Update / Newspaper Publication
Newspaper Publication of the Unaudited Financial Result for Quarter ended June 30,2026 is attached .8 Aug 2026 · Company Update / Newspaper Publication
Approved the Consolidated and Standalone Unaudited Financial Results for Quarter ended June 30,2026.7 Aug 2026 · Result / Financial Results
The Investor Presentation on the Unaudited Financial Result is attached for the Quarter ended June 30,2026.7 Aug 2026 · Company Update / Investor Presentation
Press Release for the Q1 FY 27 Result dated August 07,2026 is attached7 Aug 2026 · Company Update / Press Release / Media Release
Appointment of Mrs. Megha Joshi as Non-executive additional Independent Director .7 Aug 2026 · Company Update / Change in Management
Mrs. Amisha Shah Non Executive Independent Director has tender her resignation from the post of Independent Director due to her Professional Commitments.7 Aug 2026 · Company Update / Resignation of Director
Pursuant to Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that the Board of Directors of the Company ....7 Aug 2026 · Board Meeting / Outcome of Board Meeting
Dharmaj Crop Guard Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 07/08/2026 ,inter alia, to consider and approve Un-audited Consolidated ....28 Jul 2026 · Board Meeting / Board Meeting
Resignation of Mr. Bhupendra Varasada who was designated as Senior Managerial Personnel w.e.f July 08,2026.8 Jul 2026 · Company Update / Change in Management
The captioned Certificate for the Quarter ended June 30,2026 is attached.6 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Closure of Trading Window for the First Quarter Unaudited Financial Result for the Quarter ended on June 30,2026.29 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
The Transcript of the earning call held on May 29,2026 is attached3 Jun 2026 · Company Update / Earnings Call Transcript
With reference to our previous intimation for the Q4 & FY26 Earnings Conference call of the Company held on May 29,2026 at 12.00 PM IST and further in accordance with the requirement of ....29 May 2026 · Company Update / Analyst / Investor Meet
With reference to the Captioned Subject the investor presentation is attached for the Fourth Quarter and Year ended March 31,2026.28 May 2026 · Company Update / Investor Presentation
With reference to the Captioned Subject the Report issued by the M/s. Parikh Dave & Associates is attached for the Financial Year ended March 31,2026.28 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
The Newspaper advertisement for the Financial Result is attached herewith.28 May 2026 · Company Update / Newspaper Publication
Press Release dated May 27,2026 is attached27 May 2026 · Company Update / Press Release / Media Release
Appoinment details are attached27 May 2026 · Company Update / General
The Audited Financial Results is attached27 May 2026 · Result / Financial Results
Pursuant to Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that the Board of Directors of the Company ....27 May 2026 · Board Meeting / Outcome of Board Meeting
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform the exchanges that interactions with investors / analysts are ....23 May 2026 · Company Update / Analyst / Investor Meet
Dharmaj Crop Guard Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 27/05/2026 ,inter alia, to consider and approve the Audited Consolidated ....13 May 2026 · Board Meeting / Board Meeting

Board meetings

4 Nov 2026 Board Meeting - Financial Results
7 Aug 2026 Board Meeting - Financial Results