Dharmaj Crop Guard Ltd

Dharmaj Crop Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Dharmaj Crop Guard Ltd

₹ 283 -3.33%
20 Dec - close price
dharmajcrop.com BSE: 543687 NSE: DHARMAJ
About

Incorporated in 2015, Dharmaj Crop Guard manufactures and deals in pesticides including concessionaires of public health products for pest control, insecticides, herbicide, fertilizers and allied products related to research and technical formulations[1]

Key Points

Business Overview:[1][2]
Company is in the business of agrochemical formulations & active ingredients and have the following business segments
a) Branded Formulations (B2C)
b) Institutional Formulations (B2B)
c) Active Ingredients (B2B)
Company manufactures pesticides, weedicides, fungicides, herbicides and has an active portfolio of 190+ products, catering
to a wide customer base including bulk consumers, retailers and export customers

Website BSE NSE
  • Market Cap ₹ 957 Cr.
  • Current Price ₹ 283
  • High / Low ₹ 390 / 197
  • Stock P/E 23.7
  • Book Value ₹ 117
  • Dividend Yield 0.00 %
  • ROCE 14.5 %
  • ROE 13.2 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 54.6% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company might be capitalizing the interest cost

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Agro Chemicals Industry: Pesticides / Agrochemicals - Indian

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Quarterly Results

Figures in Rs. Crores

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
107 101 137 222 101 69 162 253 123 116 255 311
94 97 122 199 92 68 143 222 113 116 228 277
Operating Profit 13 4 15 23 9 1 19 31 11 -0 27 34
OPM % 12% 4% 11% 10% 9% 1% 12% 12% 9% -0% 11% 11%
0 1 0 1 1 3 2 1 0 0 0 0
Interest 1 1 1 1 1 0 1 0 0 2 3 3
Depreciation 1 1 1 1 1 2 1 0 1 3 4 5
Profit before tax 11 3 14 22 7 2 20 31 10 -5 20 27
Tax % 26% 26% 25% 25% 26% 29% 26% 25% 20% -32% 25% 23%
8 2 10 16 6 1 15 23 8 -3 15 21
EPS in Rs 3.36 0.95 4.13 6.55 1.63 0.37 4.29 6.81 2.29 -1.00 4.46 6.22
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
136 193 298 388 524 654 806
126 175 267 344 483 591 734
Operating Profit 10 18 31 44 41 63 72
OPM % 8% 9% 10% 11% 8% 10% 9%
1 1 1 2 4 3 1
Interest 2 2 1 3 2 3 8
Depreciation 2 2 3 5 5 5 13
Profit before tax 7 14 28 39 38 57 52
Tax % 28% 26% 26% 26% 30% 23%
5 11 21 29 27 44 40
EPS in Rs 25.10 6.54 12.74 11.62 7.95 13.13 11.97
Dividend Payout % 0% 0% 0% 1% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 37%
3 Years: 30%
TTM: 38%
Compounded Profit Growth
10 Years: %
5 Years: 55%
3 Years: 29%
TTM: -9%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 10%
Return on Equity
10 Years: %
5 Years: 19%
3 Years: 16%
Last Year: 13%

Balance Sheet

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 2 16 16 25 34 34 34
Reserves 9 19 40 60 281 326 362
20 20 27 37 52 112 137
17 37 46 98 65 92 274
Total Liabilities 48 93 129 220 432 563 806
12 22 39 40 40 312 318
CWIP 0 2 1 18 90 2 0
Investments 0 0 0 0 0 0 0
36 68 89 161 302 249 488
Total Assets 48 93 129 220 432 563 806

Cash Flows

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
3 2 13 16 -24 7
-4 -15 -18 -24 -191 -62
0 12 6 7 214 57
Net Cash Flow -0 -1 1 0 -1 3

Ratios

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 46 63 44 81 51 66
Inventory Days 52 67 68 74 62 66
Days Payable 44 80 61 108 31 47
Cash Conversion Cycle 54 49 51 47 81 84
Working Capital Days 45 49 47 54 69 84
ROCE % 39% 42% 40% 17% 15%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
68.65% 70.40% 70.40% 70.40% 70.40% 70.40% 70.40% 70.40%
7.33% 5.04% 5.02% 4.36% 4.35% 5.50% 6.97% 4.40%
0.18% 0.00% 0.00% 0.00% 0.00% 0.14% 0.14% 0.14%
23.84% 24.56% 24.58% 25.23% 25.25% 23.95% 22.48% 25.04%
No. of Shareholders 65,19263,03959,93659,64747,54144,01440,67639,229

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Announcements

Annual reports

DRHP

Credit ratings

Concalls