Why is Dharmaj Crop Guard Ltd ?
1
Strong ability to service debt as the company has a low Debt to EBITDA ratio of 1.31 times
2
Healthy long term growth as Net Sales has grown by an annual rate of 29.12%
3
The company has declared positive results in Jun'2026 after 2 consecutive negative quarters
- OPERATING PROFIT TO INTEREST(Q) Highest at 21.42 times
- NET SALES(Q) Highest at Rs 382.38 cr
- PBDIT(Q) Highest at Rs 57.41 cr.
4
With ROCE of 14.2, it has a Very Attractive valuation with a 1.8 Enterprise value to Capital Employed
- The stock is trading at a discount compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of -17.70%, its profits have risen by 57% ; the PEG ratio of the company is 0.3
5
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
6
Underperformed the market in the last 1 year
- Even though the market (BSE500) has generated returns of 4.11% in the last 1 year, the stock has hugely underperformed and has generate negative returns of -17.70% returns
How much should you hold?
- Overall Portfolio exposure to Dharmaj Crop should be less than 10%
- Overall Portfolio exposure to Pesticides & Agrochemicals should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Pesticides & Agrochemicals)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Dharmaj Crop for you?
High Risk, Low Return
Absolute
Risk Adjusted
Volatility
Dharmaj Crop
-17.7%
-0.50
35.45%
Sensex
-2.63%
-0.19
13.57%
Quality key factors
Factor
Value
Sales Growth (5y)
29.12%
EBIT Growth (5y)
24.37%
EBIT to Interest (avg)
10.77
Debt to EBITDA (avg)
1.31
Net Debt to Equity (avg)
0.28
Sales to Capital Employed (avg)
1.96
Tax Ratio
24.60%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
3.62%
ROCE (avg)
14.16%
ROE (avg)
10.79%
Valuation Key Factors 
Factor
Value
P/E Ratio
16
Industry P/E
27
Price to Book Value
2.00
EV to EBIT
12.60
EV to EBITDA
10.20
EV to Capital Employed
1.78
EV to Sales
0.90
PEG Ratio
0.29
Dividend Yield
NA
ROCE (Latest)
14.16%
ROE (Latest)
12.18%
Loading Valuation Snapshot...
Technical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
Mildly Bearish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bullish
Sideways
Moving Averages
Mildly Bullish (Daily)
KST
Mildly Bearish
Bullish
Dow Theory
No Trend
No Trend
OBV
Mildly Bearish
Mildly Bearish
Technical Movement
19What is working for the Company
OPERATING PROFIT TO INTEREST(Q)
Highest at 21.42 times
NET SALES(Q)
Highest at Rs 382.38 cr
PBDIT(Q)
Highest at Rs 57.41 cr.
OPERATING PROFIT TO NET SALES(Q)
Highest at 15.01%
PBT LESS OI(Q)
Highest at Rs 49.86 cr.
PAT(Q)
Highest at Rs 38.11 cr.
EPS(Q)
Highest at Rs 11.28
0What is not working for the Company
NO KEY NEGATIVE TRIGGERS
Loading Valuation Snapshot...
Here's what is working for Dharmaj Crop
Profit Before Tax less Other Income (PBT) - Quarterly
At Rs 49.86 cr has Grown at 211.0% (vs previous 4Q average)
over average PBT of the previous four quarters of Rs 16.03 CrMOJO Watch
Near term PBT trend is very positive
PBT less Other Income (Rs Cr)
Profit After Tax (PAT) - Quarterly
At Rs 38.11 cr has Grown at 178.9% (vs previous 4Q average)
over average PAT of the previous four quarters of Rs 13.66 CrMOJO Watch
Near term PAT trend is very positive
PAT (Rs Cr)
Operating Profit to Interest - Quarterly
Highest at 21.42 times
in the last five quartersMOJO Watch
The company's ability to manage interest payments is improving
Operating Profit to Interest
Net Sales - Quarterly
Highest at Rs 382.38 cr
in the last five quartersMOJO Watch
Near term sales trend is positive
Net Sales (Rs Cr)
Net Sales - Quarterly
At Rs 382.38 cr has Grown at 34.4% (vs previous 4Q average)
over average Net Sales of the previous four quarters of Rs 284.49 CrMOJO Watch
Near term sales trend is positive
Net Sales (Rs Cr)
Operating Profit (PBDIT) - Quarterly
Highest at Rs 57.41 cr.
in the last five quartersMOJO Watch
Near term Operating Profit trend is positive
Operating Profit (Rs Cr)
Operating Profit Margin - Quarterly
Highest at 15.01%
in the last five quartersMOJO Watch
Company's efficiency has improved
Operating Profit to Sales
Profit Before Tax less Other Income (PBT) - Quarterly
Highest at Rs 49.86 cr.
in the last five quartersMOJO Watch
Near term PBT trend is positive
PBT less Other Income (Rs Cr)
Profit After Tax (PAT) - Quarterly
Highest at Rs 38.11 cr.
in the last five quartersMOJO Watch
Near term PAT trend is positive
PAT (Rs Cr)
Earnings per Share (EPS) - Quarterly
Highest at Rs 11.28
in the last five quartersMOJO Watch
Increasing profitability; company has created higher earnings for shareholders
EPS (Rs)






