Dharmaj Crop Guard Shows Strong Financial Metrics Amid Rising Interest Expenses

Dharmaj Crop Guard, a microcap player in the pesticides and agrochemicals sector, has recently undergone a significant evaluation revision reflecting its robust financial performance for the quarter ending June 2025. The company reported impressive metrics, including a record net sales figure of Rs 367.38 crore and a highest operating profit to net sales ratio of 13.81%. Additionally, the operating profit to interest ratio reached a remarkable 16.26 times, showcasing strong operational efficiency.
Despite these positive indicators, the company faces challenges, particularly with interest expenses, which have grown by 34.77% over the past nine months, totaling Rs 10.35 crore. This increase in interest could impact future profitability if not managed effectively.

In terms of market performance, Dharmaj Crop Guard has shown resilience, with a year-to-date return of 30.55%, significantly outperforming the Sensex, which recorded a return of 3.20% in the same period. However, over the past year, the stock has experienced a slight decline of 2.05%, contrasting with the Sensex's modest gain of 1.94%. This juxtaposition highlights the company's fluctuating performance amid broader market trends.