Dharmaj Crop Guard (DHARMAJ)₹239.95−1.32%Pesticides & Agrochemicals
In the Jun 2026 quarter (consolidated), Dharmaj Crop Guard reported sales of ₹382 Cr, up 4.1% from Jun 2025, and net profit of ₹38.04 Cr, up 15.1% year on year. For the year to Mar 2026, sales were ₹1,138 Cr and net profit ₹55.03 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 255 | 311 | 175 | 210 | 367 | 347 | 190 | 234 | 382 |
| Expenses | 227 | 276 | 164 | 205 | 316 | 314 | 181 | 222 | 324 |
| Operating Profit | 27.10 | 34.12 | 10.04 | 4.01 | 51.18 | 32.13 | 7.02 | 11.05 | 57.19 |
| OPM % | 10.9% | 10.9% | 5.0% | 1.8% | 13.9% | 9.0% | 3.9% | 4.5% | 14.9% |
| Other Income | 0.00 | 0.00 | 0.00 | 2.01 | 1.01 | 0.00 | 3.01 | 4.01 | 1.01 |
| Interest | 3.01 | 3.01 | 3.01 | 4.01 | 3.01 | 4.01 | 5.01 | 5.01 | 3.01 |
| Depreciation | 3.99 | 4.98 | 4.98 | 4.99 | 4.98 | 4.98 | 4.98 | 4.98 | 4.98 |
| Profit before tax | 19.93 | 26.90 | 1.99 | −2.99 | 43.84 | 22.92 | 0.99 | 4.98 | 50.82 |
| Tax % | 25.0% | 23.0% | 23.1% | −23.0% | 25.0% | 23.1% | 23.1% | 24.0% | 25.1% |
| Net Profit | 15.02 | 21.03 | 1.01 | −2.01 | 33.05 | 17.03 | 1.01 | 4.01 | 38.04 |
| EPS (Rs) | 4.44 | 6.19 | 0.34 | −0.71 | 9.61 | 5.11 | 0.21 | 1.16 | 11.24 |
| Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|
| Sales | 654 | 951 | 1,138 | 1,154 |
| Expenses | 589 | 873 | 1,034 | 1,041 |
| Operating Profit | 63.26 | 75.27 | 100 | 107 |
| OPM % | 9.9% | 7.9% | 9.0% | 9.3% |
| Other Income | 3.01 | 2.01 | 8.01 | 8.03 |
| Interest | 3.01 | 13.02 | 17.05 | 17.04 |
| Depreciation | 4.98 | 17.95 | 18.93 | 19.92 |
| Profit before tax | 56.79 | 45.79 | 71.69 | 79.71 |
| Tax % | 23.0% | 24.1% | 25.0% | — |
| Exceptional items | 0.00 | 0.00 | 0.00 | — |
| Net Profit | 44.07 | 35.05 | 55.03 | 60.09 |
| EPS (Rs) | 13.07 | 10.27 | 16.11 | 17.72 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | — |
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Equity Capital | 33.90 | 33.91 | 33.91 |
| Reserves | 325 | 360 | 414 |
| Borrowings | 112 | 116 | 132 |
| Other Liabilities | 91.56 | 222 | 259 |
| Total Liabilities | 561 | 730 | 838 |
| Fixed Assets | 311 | 310 | 319 |
| CWIP | 1.99 | 6.97 | 5.98 |
| Investments | 0.00 | 0.00 | 0.00 |
| Other Assets | 248 | 414 | 513 |
| Inventories | 92.67 | 138 | 206 |
| Trade receivables | 119 | 247 | 280 |
| Cash & equivalents | 2.99 | 2.99 | 5.99 |
| Total Assets | 561 | 730 | 838 |
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Cash from operating activity | 6.99 | 39.03 | 27.98 |
| Cash from investing activity | −62.05 | −33.02 | −29.01 |
| Cash from financing activity | 57.06 | −9.01 | 2.01 |
| Net cash flow | 3.01 | −3.01 | 0.00 |
| Capex | 190 | 32.13 | 26.93 |
| Free cash flow | −182 | 8.99 | 0.99 |
| CFO / OP % | 33.1% | 58.0% | 39.0% |
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Debtor days | 66 | 95 | 90 |
| Inventory days | 66 | 68 | 86 |
| Days payable | 47 | 96 | 89 |
| Cash conversion cycle | 83 | 66 | 86 |
| Working capital days | 65 | 53 | 56 |
| ROCE % | — | 12.0% | 16.0% |
For the Jun 2026 quarter, Dharmaj Crop Guard reported sales of ₹382 Cr, up 4.1% year on year and net profit of ₹38.04 Cr, up 15.1% year on year. The operating margin was 14.9%.
Dharmaj Crop Guard's sales for the year to Mar 2026 were ₹1,138 Cr; over the last twelve months they were ₹1,154 Cr.
Net profit for the year to Mar 2026 was ₹55.03 Cr, and ₹60.09 Cr over the last twelve months. Earnings per share over the same trailing period were ₹17.72.
Dharmaj Crop Guard reported borrowings of ₹132 Cr at Mar 2026, against cash and equivalents of ₹5.99 Cr.
Cash from operations was ₹27.98 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹0.99 Cr.