Why is Dharmaj Crop Guard Ltd ?
1
Poor long term growth as Operating profit has grown by an annual rate 15.27% of over the last 5 years
2
Despite the size of the company, domestic mutual funds hold only 0% of the company
- Domestic mutual funds have capability to do in-depth on-the-ground research on companies- their small stake may signify either they are not comfortable at the price or the business
3
Consistent Underperformance against the benchmark over the last 3 years
- Along with generating -25.09% returns in the last 1 year, the stock has also underperformed BSE500 in each of the last 3 annual periods
How much should you sell?
- All quantity irrespective of whether you are making profits or losses
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Pesticides & Agrochemicals)
When to re-enter? - We will constantly monitor the company and review our call based on new data
Is Dharmaj Crop for you?
High Risk, Low Return
Absolute
Risk Adjusted
Volatility
Dharmaj Crop
-25.09%
-0.53
47.33%
Sensex
3.75%
0.32
11.86%
Quality key factors
Factor
Value
Sales Growth (5y)
24.67%
EBIT Growth (5y)
15.27%
EBIT to Interest (avg)
13.75
Debt to EBITDA (avg)
1.62
Net Debt to Equity (avg)
0.28
Sales to Capital Employed (avg)
1.55
Tax Ratio
24.70%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
3.56%
ROCE (avg)
12.72%
ROE (avg)
11.64%
Valuation Key Factors 
Factor
Value
P/E Ratio
16
Industry P/E
31
Price to Book Value
1.99
EV to EBIT
11.62
EV to EBITDA
9.35
EV to Capital Employed
1.77
EV to Sales
0.82
PEG Ratio
0.79
Dividend Yield
NA
ROCE (Latest)
15.23%
ROE (Latest)
12.34%
Loading Valuation Snapshot...
Technical key factors
Indicator
Weekly
Monthly
MACD
Bearish
Mildly Bearish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Bearish
Moving Averages
Bearish (Daily)
KST
Mildly Bullish
Dow Theory
No Trend
No Trend
OBV
No Trend
No Trend
Technical Movement
16What is working for the Company
NET SALES(Q)
At Rs 347.26 cr has Grown at 30.7% (vs previous 4Q average
PBT LESS OI(Q)
At Rs 22.51 cr has Grown at 34.9% (vs previous 4Q average
PAT(Q)
At Rs 17.35 cr has Grown at 32.5% (vs previous 4Q average
-5What is not working for the Company
INTEREST(Q)
At Rs 4.50 cr has Grown at 44.23%
Loading Valuation Snapshot...
Here's what is working for Dharmaj Crop
Net Sales - Quarterly
At Rs 347.26 cr has Grown at 30.7% (vs previous 4Q average)
over average Net Sales of the previous four quarters of Rs 265.79 CrMOJO Watch
Near term sales trend is positive
Net Sales (Rs Cr)
Profit Before Tax less Other Income (PBT) - Quarterly
At Rs 22.51 cr has Grown at 34.9% (vs previous 4Q average)
over average PBT of the previous four quarters of Rs 16.69 CrMOJO Watch
Near term PBT trend is positive
PBT less Other Income (Rs Cr)
Profit After Tax (PAT) - Quarterly
At Rs 17.35 cr has Grown at 32.5% (vs previous 4Q average)
over average PAT of the previous four quarters of Rs 13.09 CrMOJO Watch
Near term PAT trend is positive
PAT (Rs Cr)
Here's what is not working for Dharmaj Crop
Interest - Quarterly
At Rs 4.50 cr has Grown at 44.23%
Quarter on Quarter (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (Rs cr)
Interest - Quarterly
Highest at Rs 4.50 cr
in the last five quarters and Increased by 44.23 % (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (Rs cr)






