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Last Updated on: 28 November, 2025
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 543687 | NSE: DHARMAJ

Dharmaj Crop Guard Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: November 28, 2025, 10:53 am

Market Cap 828 Cr.
Current Price 245
High / Low 391/165
Stock P/E17.0
Book Value 131
Dividend Yield0.00 %
ROCE12.0 %
ROE9.28 %
Face Value 10.0
PEG Ratio3.88

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 Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Epigral Ltd 6,451 Cr. 1,495 2,196/1,39816.0 4870.40 %24.9 %22.3 % 10.0
Dharmaj Crop Guard Ltd 828 Cr. 245 391/16517.0 1310.00 %12.0 %9.28 % 10.0
Bhaskar Agrochemicals Ltd 64.6 Cr. 124 149/56.611.6 40.00.00 %21.3 %24.7 % 10.0
Bhagiradha Chemicals & Industries Ltd 3,209 Cr. 248 365/228121 54.90.06 %7.44 %4.91 % 1.00
Best Agrolife Ltd 916 Cr. 387 670/24471.5 3420.76 %12.9 %9.95 % 10.0
Industry Average11,228.70 Cr1,496.6733.19472.460.43%15.21%19.87%7.25

All Competitor Stocks of Dharmaj Crop Guard Ltd

Quarterly Result

MetricJun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
Sales 13722210169162253123116255311175210367
Expenses 1221999268143222113116228277165206317
Operating Profit 152391193111-0273410451
OPM % 11%10%9%1%12%12%9%-0%11%11%5%2%14%
Other Income 0113210000-021
Interest 1110100233343
Depreciation 1112101345555
Profit before tax 142272203110-520272-344
Tax % 25%25%26%29%26%25%20%-32%25%23%23%-23%25%
Net Profit 10166115238-315211-233
EPS in Rs 4.136.551.630.374.296.812.29-1.004.466.220.35-0.729.64

Last Updated: August 19, 2025, 8:05 pm

Below is a detailed analysis of the quarterly data for Dharmaj Crop Guard Ltd based on the most recent figures (Jun 2025) and their trends compared to the previous period:

  • For Sales, as of Jun 2025, the value is 367.00 Cr.. The value appears strong and on an upward trend. It has increased from 210.00 Cr. (Mar 2025) to 367.00 Cr., marking an increase of 157.00 Cr..
  • For Expenses, as of Jun 2025, the value is 317.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 206.00 Cr. (Mar 2025) to 317.00 Cr., marking an increase of 111.00 Cr..
  • For Operating Profit, as of Jun 2025, the value is 51.00 Cr.. The value appears strong and on an upward trend. It has increased from 4.00 Cr. (Mar 2025) to 51.00 Cr., marking an increase of 47.00 Cr..
  • For OPM %, as of Jun 2025, the value is 14.00%. The value appears strong and on an upward trend. It has increased from 2.00% (Mar 2025) to 14.00%, marking an increase of 12.00%.
  • For Other Income, as of Jun 2025, the value is 1.00 Cr.. The value appears to be declining and may need further review. It has decreased from 2.00 Cr. (Mar 2025) to 1.00 Cr., marking a decrease of 1.00 Cr..
  • For Interest, as of Jun 2025, the value is 3.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 4.00 Cr. (Mar 2025) to 3.00 Cr., marking a decrease of 1.00 Cr..
  • For Depreciation, as of Jun 2025, the value is 5.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 5.00 Cr..
  • For Profit before tax, as of Jun 2025, the value is 44.00 Cr.. The value appears strong and on an upward trend. It has increased from -3.00 Cr. (Mar 2025) to 44.00 Cr., marking an increase of 47.00 Cr..
  • For Tax %, as of Jun 2025, the value is 25.00%. The value appears to be increasing, which may not be favorable. It has increased from -23.00% (Mar 2025) to 25.00%, marking an increase of 48.00%.
  • For Net Profit, as of Jun 2025, the value is 33.00 Cr.. The value appears strong and on an upward trend. It has increased from -2.00 Cr. (Mar 2025) to 33.00 Cr., marking an increase of 35.00 Cr..
  • For EPS in Rs, as of Jun 2025, the value is 9.64. The value appears strong and on an upward trend. It has increased from -0.72 (Mar 2025) to 9.64, marking an increase of 10.36.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: November 15, 2025, 3:31 am

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1361932983885246549511,099
Expenses 1261752673444835918761,003
Operating Profit 1018314441637596
OPM % 8%9%10%11%8%10%8%9%
Other Income 11124322
Interest 2213231315
Depreciation 2235551819
Profit before tax 714283938574665
Tax % 28%26%26%26%30%23%24%
Net Profit 511212927443549
EPS in Rs 25.106.5412.7411.627.9513.1310.3114.40
Dividend Payout % 0%0%0%1%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)120.00%90.91%38.10%-6.90%62.96%-20.45%
Change in YoY Net Profit Growth (%)0.00%-29.09%-52.81%-44.99%69.86%-83.42%

Dharmaj Crop Guard Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 6 years from 2019-2020 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:%
5 Years:38%
3 Years:35%
TTM:42%
Compounded Profit Growth
10 Years:%
5 Years:26%
3 Years:7%
TTM:23%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:4%
Return on Equity
10 Years:%
5 Years:15%
3 Years:12%
Last Year:9%

Last Updated: September 5, 2025, 3:11 pm

No data available for the Balance Sheet data table.

Reserves and Borrowings Chart

Cash Flow

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity +321316-24739
Cash from Investing Activity +-4-15-18-24-191-62-33
Cash from Financing Activity +0126721457-9
Net Cash Flow-0-110-13-3

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days46634481516695
Inventory Days52676874626668
Days Payable448061108314796
Cash Conversion Cycle54495147818467
Working Capital Days36203343566553
ROCE %39%42%40%17%15%12%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters68.65%70.40%70.40%70.40%70.40%70.40%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%4.40%3.77%4.14%3.58%3.09%
DIIs0.18%0.00%0.00%0.00%0.00%0.14%0.14%0.14%0.90%0.47%0.47%0.47%
Public23.84%24.56%24.58%25.23%25.25%23.95%22.48%25.04%24.92%24.99%25.54%26.03%
No. of Shareholders65,19263,03959,93659,64747,54144,01440,67639,22938,05636,65933,42730,284

Shareholding Pattern Chart

No. of Shareholders

Dharmaj Crop Guard Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24
FaceValue 10.0010.00
Basic EPS (Rs.) 10.3013.13
Diluted EPS (Rs.) 10.3013.13
Cash EPS (Rs.) 10.3013.13
Book Value[Excl.RevalReserv]/Share (Rs.) 116.70106.33
Book Value[Incl.RevalReserv]/Share (Rs.) 116.70106.33
Revenue From Operations / Share (Rs.) 281.40193.54
PBDIT / Share (Rs.) 17.3518.03
PBIT / Share (Rs.) 17.3518.03
PBT / Share (Rs.) 13.5417.01
Net Profit / Share (Rs.) 10.3013.13
NP After MI And SOA / Share (Rs.) 10.3013.13
PBDIT Margin (%) 6.169.31
PBIT Margin (%) 6.169.31
PBT Margin (%) 4.818.78
Net Profit Margin (%) 3.666.78
NP After MI And SOA Margin (%) 3.666.78
Return on Networth / Equity (%) 8.8212.34
Return on Capital Employeed (%) 12.6113.92
Return On Assets (%) 4.747.87
Long Term Debt / Equity (X) 0.160.21
Total Debt / Equity (X) 0.290.31
Asset Turnover Ratio (%) 1.470.00
Current Ratio (X) 1.531.94
Quick Ratio (X) 1.011.20
Inventory Turnover Ratio (X) 8.200.00
Interest Coverage Ratio (X) 4.5517.69
Interest Coverage Ratio (Post Tax) (X) 3.7013.88
Enterprise Value (Cr.) 724.58863.24
EV / Net Operating Revenue (X) 0.761.32
EV / EBITDA (X) 12.3514.17
MarketCap / Net Operating Revenue (X) 0.641.15
Price / BV (X) 1.552.10
Price / Net Operating Revenue (X) 0.641.15
EarningsYield 0.050.05

After reviewing the key financial ratios for Dharmaj Crop Guard Ltd, here is a detailed analysis based on the latest available data and recent trends:

  • For FaceValue, as of Mar 25, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 10.00.
  • For Basic EPS (Rs.), as of Mar 25, the value is 10.30. This value is within the healthy range. It has decreased from 13.13 (Mar 24) to 10.30, marking a decrease of 2.83.
  • For Diluted EPS (Rs.), as of Mar 25, the value is 10.30. This value is within the healthy range. It has decreased from 13.13 (Mar 24) to 10.30, marking a decrease of 2.83.
  • For Cash EPS (Rs.), as of Mar 25, the value is 10.30. This value is within the healthy range. It has decreased from 13.13 (Mar 24) to 10.30, marking a decrease of 2.83.
  • For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 116.70. It has increased from 106.33 (Mar 24) to 116.70, marking an increase of 10.37.
  • For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 116.70. It has increased from 106.33 (Mar 24) to 116.70, marking an increase of 10.37.
  • For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 281.40. It has increased from 193.54 (Mar 24) to 281.40, marking an increase of 87.86.
  • For PBDIT / Share (Rs.), as of Mar 25, the value is 17.35. This value is within the healthy range. It has decreased from 18.03 (Mar 24) to 17.35, marking a decrease of 0.68.
  • For PBIT / Share (Rs.), as of Mar 25, the value is 17.35. This value is within the healthy range. It has decreased from 18.03 (Mar 24) to 17.35, marking a decrease of 0.68.
  • For PBT / Share (Rs.), as of Mar 25, the value is 13.54. This value is within the healthy range. It has decreased from 17.01 (Mar 24) to 13.54, marking a decrease of 3.47.
  • For Net Profit / Share (Rs.), as of Mar 25, the value is 10.30. This value is within the healthy range. It has decreased from 13.13 (Mar 24) to 10.30, marking a decrease of 2.83.
  • For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 10.30. This value is within the healthy range. It has decreased from 13.13 (Mar 24) to 10.30, marking a decrease of 2.83.
  • For PBDIT Margin (%), as of Mar 25, the value is 6.16. This value is below the healthy minimum of 10. It has decreased from 9.31 (Mar 24) to 6.16, marking a decrease of 3.15.
  • For PBIT Margin (%), as of Mar 25, the value is 6.16. This value is below the healthy minimum of 10. It has decreased from 9.31 (Mar 24) to 6.16, marking a decrease of 3.15.
  • For PBT Margin (%), as of Mar 25, the value is 4.81. This value is below the healthy minimum of 10. It has decreased from 8.78 (Mar 24) to 4.81, marking a decrease of 3.97.
  • For Net Profit Margin (%), as of Mar 25, the value is 3.66. This value is below the healthy minimum of 5. It has decreased from 6.78 (Mar 24) to 3.66, marking a decrease of 3.12.
  • For NP After MI And SOA Margin (%), as of Mar 25, the value is 3.66. This value is below the healthy minimum of 8. It has decreased from 6.78 (Mar 24) to 3.66, marking a decrease of 3.12.
  • For Return on Networth / Equity (%), as of Mar 25, the value is 8.82. This value is below the healthy minimum of 15. It has decreased from 12.34 (Mar 24) to 8.82, marking a decrease of 3.52.
  • For Return on Capital Employeed (%), as of Mar 25, the value is 12.61. This value is within the healthy range. It has decreased from 13.92 (Mar 24) to 12.61, marking a decrease of 1.31.
  • For Return On Assets (%), as of Mar 25, the value is 4.74. This value is below the healthy minimum of 5. It has decreased from 7.87 (Mar 24) to 4.74, marking a decrease of 3.13.
  • For Long Term Debt / Equity (X), as of Mar 25, the value is 0.16. This value is below the healthy minimum of 0.2. It has decreased from 0.21 (Mar 24) to 0.16, marking a decrease of 0.05.
  • For Total Debt / Equity (X), as of Mar 25, the value is 0.29. This value is within the healthy range. It has decreased from 0.31 (Mar 24) to 0.29, marking a decrease of 0.02.
  • For Asset Turnover Ratio (%), as of Mar 25, the value is 1.47. It has increased from 0.00 (Mar 24) to 1.47, marking an increase of 1.47.
  • For Current Ratio (X), as of Mar 25, the value is 1.53. This value is within the healthy range. It has decreased from 1.94 (Mar 24) to 1.53, marking a decrease of 0.41.
  • For Quick Ratio (X), as of Mar 25, the value is 1.01. This value is within the healthy range. It has decreased from 1.20 (Mar 24) to 1.01, marking a decrease of 0.19.
  • For Inventory Turnover Ratio (X), as of Mar 25, the value is 8.20. This value exceeds the healthy maximum of 8. It has increased from 0.00 (Mar 24) to 8.20, marking an increase of 8.20.
  • For Interest Coverage Ratio (X), as of Mar 25, the value is 4.55. This value is within the healthy range. It has decreased from 17.69 (Mar 24) to 4.55, marking a decrease of 13.14.
  • For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 3.70. This value is within the healthy range. It has decreased from 13.88 (Mar 24) to 3.70, marking a decrease of 10.18.
  • For Enterprise Value (Cr.), as of Mar 25, the value is 724.58. It has decreased from 863.24 (Mar 24) to 724.58, marking a decrease of 138.66.
  • For EV / Net Operating Revenue (X), as of Mar 25, the value is 0.76. This value is below the healthy minimum of 1. It has decreased from 1.32 (Mar 24) to 0.76, marking a decrease of 0.56.
  • For EV / EBITDA (X), as of Mar 25, the value is 12.35. This value is within the healthy range. It has decreased from 14.17 (Mar 24) to 12.35, marking a decrease of 1.82.
  • For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 0.64. This value is below the healthy minimum of 1. It has decreased from 1.15 (Mar 24) to 0.64, marking a decrease of 0.51.
  • For Price / BV (X), as of Mar 25, the value is 1.55. This value is within the healthy range. It has decreased from 2.10 (Mar 24) to 1.55, marking a decrease of 0.55.
  • For Price / Net Operating Revenue (X), as of Mar 25, the value is 0.64. This value is below the healthy minimum of 1. It has decreased from 1.15 (Mar 24) to 0.64, marking a decrease of 0.51.
  • For EarningsYield, as of Mar 25, the value is 0.05. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 24) which recorded 0.05.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Dharmaj Crop Guard Ltd as of November 29, 2025 is: 168.64

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 29, 2025, Dharmaj Crop Guard Ltd is Overvalued by 31.17% compared to the current share price 245.00

Intrinsic Value of Dharmaj Crop Guard Ltd as of November 29, 2025 is: 176.03

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 29, 2025, Dharmaj Crop Guard Ltd is Overvalued by 28.15% compared to the current share price 245.00

Last 5 Year EPS CAGR: 4.38%

*Investments are subject to market risks

Strength and Weakness

Unable to fetch valid data for stock valuation.

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: 3.66%
      • 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: 12.61% (Industry Average ROCE: 15.21%)
      • 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%: 8.82% (Industry Average ROE: 19.87%)
      • 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): 3.7
      • 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: 1.01
      • 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: 17 (Industry average Stock P/E: 33.19)
      • 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: 0.29
      • 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. 951.04 Cr. and Equity Capital is Rs. 33.80 Cr. for the Year ended 31/03/2025.
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
Mrs. Amisha Fenil ShahIndependent Director
Mr. Bhupatray KhuntInd. Non-Executive Director
Mr. Umesh MenonInd. Non-Executive Director
FAQ: Stock data is invalid or not in the correct format.
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
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