Is Dharmaj Crop overvalued or undervalued?

As of 21 July 2025, the valuation grade for Dharmaj Crop has moved from fair to attractive, indicating a positive shift in its valuation outlook. The company is currently assessed as undervalued, supported by a PE ratio of 32.15, an EV to EBITDA of 16.79, and a ROCE of 11.10%. In comparison to its peers, Dharmaj Crop's PE ratio is lower than P I Industries at 38.16 and Bayer CropScience at 49.64, while it is more favorable than UPL's EV to EBITDA of 9.06.
Dharmaj Crop's recent stock performance has outpaced the Sensex, with a year-to-date return of 28.13% compared to the Sensex's 5.20%. This performance, coupled with its attractive valuation metrics, reinforces the conclusion that the company is undervalued in the current market context.