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Last Updated on: 14 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 543687 | NSE: DHARMAJ

Dharmaj Crop Guard Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 13, 2024, 8:32 pm

Market Cap 957 Cr.
Current Price 283
High / Low390/197
Stock P/E23.7
Book Value 117
Dividend Yield0.00 %
ROCE14.5 %
ROE13.2 %
Face Value 10.0
PEG Ratio-83.40

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Dharmaj Crop Guard Ltd

Competitors of Dharmaj Crop Guard Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Epigral Ltd 8,673 Cr. 2,0102,408/88629.6 3370.25 %17.5 %16.9 % 10.0
Dharmaj Crop Guard Ltd 957 Cr. 283390/19723.7 1170.00 %14.5 %13.2 % 10.0
Bhaskar Agrochemicals Ltd 34.1 Cr. 65.5122/42.117.3 29.20.00 %14.7 %13.4 % 10.0
Bhagiradha Chemicals & Industries Ltd 4,094 Cr. 328448/117152 51.00.03 %9.69 %6.27 % 1.00
Best Agrolife Ltd 1,430 Cr. 606918/45438.8 3200.49 %16.5 %18.1 % 10.0
Industry Average12,479.47 Cr1,812.5647.36375.950.30%13.80%15.51%7.35

All Competitor Stocks of Dharmaj Crop Guard Ltd

Quarterly Result

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales10710113722210169162253123116255
Expenses94971221999268143222113116228
Operating Profit134152391193111-027
OPM %12%4%11%10%9%1%12%12%9%-0%11%
Other Income01011321000
Interest11111010023
Depreciation11111210134
Profit before tax113142272203110-520
Tax %26%26%25%25%26%29%26%25%20%-32%25%
Net Profit8210166115238-315
EPS in Rs3.360.954.136.551.630.374.296.812.29-1.004.46

Last Updated: October 7, 2024, 8:13 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales136193298388524654747
Expenses126175267344483591679
Operating Profit10183144416368
OPM %8%9%10%11%8%10%9%
Other Income1112431
Interest2213235
Depreciation2235559
Profit before tax7142839385756
Tax %28%26%26%26%30%23%
Net Profit5112129274442
EPS in Rs25.106.5412.7411.627.9513.1312.56
Dividend Payout %0%0%0%1%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)120.00%90.91%38.10%-6.90%62.96%
Change in YoY Net Profit Growth (%)0.00%-29.09%-52.81%-44.99%69.86%

Dharmaj Crop Guard Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 5 years from 2019-2020 to 2023-2024.

Growth

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:17%
Return on Equity
10 Years:%
5 Years:19%
3 Years:16%
Last Year:13%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 4:39 pm

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital2161625343434
Reserves9194060281326362
Borrowings2020273752112137
Other Liabilities173746986592274
Total Liabilities4893129220432563806
Fixed Assets1222394040312318
CWIP021189020
Investments0000000
Other Assets366889161302249488
Total Assets4893129220432563806

Reserves and Borrowings Chart

Cash Flow

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +321316-247
Cash from Investing Activity +-4-15-18-24-191-62
Cash from Financing Activity +0126721457
Net Cash Flow-0-110-13

Free Cash Flow

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-10.00-2.004.007.00-11.00-49.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days466344815166
Inventory Days526768746266
Days Payable4480611083147
Cash Conversion Cycle544951478184
Working Capital Days454947546984
ROCE %39%42%40%17%15%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters68.65%70.40%70.40%70.40%70.40%70.40%70.40%
FIIs7.33%5.04%5.02%4.36%4.35%5.50%6.97%
DIIs0.18%0.00%0.00%0.00%0.00%0.14%0.14%
Public23.84%24.56%24.58%25.23%25.25%23.95%22.48%
No. of Shareholders65,19263,03959,93659,64747,54144,01440,676

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)13.1312.0311.6212.7410.04
Diluted EPS (Rs.)13.1312.0311.6212.7410.04
Cash EPS (Rs.)14.7411.3013.7614.327.82
Book Value[Excl.RevalReserv]/Share (Rs.)106.3395.1134.4034.2421.55
Book Value[Incl.RevalReserv]/Share (Rs.)106.3395.1134.4034.2421.55
Dividend / Share (Rs.)0.000.000.100.100.00
Revenue From Operations / Share (Rs.)193.54157.87159.71183.77119.62
PBDIT / Share (Rs.)19.6415.3518.8119.5711.51
PBIT / Share (Rs.)18.0313.8516.6717.9910.18
PBT / Share (Rs.)17.0113.1615.6117.138.76
Net Profit / Share (Rs.)13.139.8011.6212.746.50
PBDIT Margin (%)10.149.7211.7710.659.61
PBIT Margin (%)9.318.7710.439.798.51
PBT Margin (%)8.788.339.779.327.32
Net Profit Margin (%)6.786.207.276.935.43
Return on Networth / Equity (%)12.3410.3033.7837.1930.15
Return on Capital Employeed (%)13.9213.0236.4540.2136.20
Return On Assets (%)7.877.5513.0616.2611.36
Long Term Debt / Equity (X)0.210.100.290.270.14
Total Debt / Equity (X)0.310.160.430.470.39
Asset Turnover Ratio (%)1.311.622.262.712.79
Current Ratio (X)1.943.621.441.501.46
Quick Ratio (X)1.202.700.850.710.87
Inventory Turnover Ratio (X)4.766.606.026.767.31
Dividend Payout Ratio (NP) (%)0.000.740.570.000.00
Dividend Payout Ratio (CP) (%)0.000.640.480.000.00
Earning Retention Ratio (%)0.0099.2699.430.000.00
Cash Earning Retention Ratio (%)0.0099.3699.520.000.00
Interest Coverage Ratio (X)19.2722.2517.7522.708.08
Interest Coverage Ratio (Post Tax) (X)13.8815.2011.9715.775.57
Enterprise Value (Cr.)863.24541.880.000.000.00
EV / Net Operating Revenue (X)1.321.020.000.000.00
EV / EBITDA (X)13.0110.440.000.000.00
MarketCap / Net Operating Revenue (X)1.150.910.000.000.00
Retention Ratios (%)0.0099.2599.420.000.00
Price / BV (X)2.101.520.000.000.00
Price / Net Operating Revenue (X)1.150.910.000.000.00
EarningsYield0.050.060.000.000.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Dharmaj Crop Guard Ltd as of November 14, 2024 is: 373.34

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 14, 2024, Dharmaj Crop Guard Ltd is Undervalued by 31.92% compared to the current share price 283.00

Intrinsic Value of Dharmaj Crop Guard Ltd as of November 14, 2024 is: 372.28

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 14, 2024, Dharmaj Crop Guard Ltd is Undervalued by 31.55% compared to the current share price 283.00

Last 5 Year EPS CAGR: -0.28%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 25.50%, which is a positive sign.
  2. The company has higher reserves (156.71 cr) compared to borrowings (57.86 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (420.00 cr) and profit (34.14 cr) over the years.
  1. The stock has a high average Working Capital Days of 58.00, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 61.00, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Dharmaj Crop Guard Ltd:
    1. Net Profit Margin: 6.78%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 13.92% (Industry Average ROCE: 13.8%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 12.34% (Industry Average ROE: 15.51%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 13.88
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.2
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 23.7 (Industry average Stock P/E: 47.36)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.31
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Dharmaj Crop Guard Ltd. is a Public Limited Listed company incorporated on 19/01/2015 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L24100GJ2015PLC081941 and registration number is 081941. Currently company belongs to the Industry of Agro Chemicals/Pesticides. Company’s Total Operating Revenue is Rs. 394.21 Cr. and Equity Capital is Rs. 24.68 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Agro Chemicals/PesticidesPlot No. 408 to 411, Kerala GIDC Estate, Ahmedabad Gujarat 382220cs@dharmajcrop.com
http://www.dharmajcrop.com
Management
NamePosition Held
Mr. Rameshbhai Ravajibhai TalaviaChairman & Managing Director
Mr. Jamankumar Hansarajbhai TalaviaWhole Time Director
Mr. Jagdishbhai Ravjibhai SavaliyaWhole Time Director
Mr. Deepak Bachubhai KanpariaIndependent Director
Mr. Bhaveshkumar Jayantibhai PonkiyaIndependent Director
Mrs. Amisha Fenil ShahIndependent Director

FAQ

What is the latest intrinsic value of Dharmaj Crop Guard Ltd?

The latest intrinsic value of Dharmaj Crop Guard Ltd as on 14 November 2024 is ₹373.34, which is 31.92% higher than the current market price of ₹283.00.

What is the Market Cap of Dharmaj Crop Guard Ltd?

The Market Cap of Dharmaj Crop Guard Ltd is 957 Cr..

What is the current Stock Price of Dharmaj Crop Guard Ltd as on 14 November 2024?

The current stock price of Dharmaj Crop Guard Ltd as on 14 November 2024 is ₹283.

What is the High / Low of Dharmaj Crop Guard Ltd stocks in FY 2024?

In FY 2024, the High / Low of Dharmaj Crop Guard Ltd stocks is 390/197.

What is the Stock P/E of Dharmaj Crop Guard Ltd?

The Stock P/E of Dharmaj Crop Guard Ltd is 23.7.

What is the Book Value of Dharmaj Crop Guard Ltd?

The Book Value of Dharmaj Crop Guard Ltd is 117.

What is the Dividend Yield of Dharmaj Crop Guard Ltd?

The Dividend Yield of Dharmaj Crop Guard Ltd is 0.00 %.

What is the ROCE of Dharmaj Crop Guard Ltd?

The ROCE of Dharmaj Crop Guard Ltd is 14.5 %.

What is the ROE of Dharmaj Crop Guard Ltd?

The ROE of Dharmaj Crop Guard Ltd is 13.2 %.

What is the Face Value of Dharmaj Crop Guard Ltd?

The Face Value of Dharmaj Crop Guard Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Dharmaj Crop Guard Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE