Dharmaj Crop Guard Ltd. (DHARMAJ) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: N/A
• Average Volume (3M): 6.80K
• Price to Earnings (P/E): 23.3
• Beta (1Y): 1.06
• Revenue Growth: 42.24%
• EPS Growth: 29.04%
• Country: IN
• Employees: 582
• Sector: Services
• Sector Strength: N/A
• Industry: Agricultural Inputs
• EPS (TTM): 9.64
• Shares Outstanding: 33,797,295
• 10 Day Avg. Volume: 14,427
• 30 Day Avg. Volume: 6,796
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹357.00
• Price Target Upside: -1.11% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 67 Neutral
• Price Target: ₹357.00 ▼(-1.11% Downside)

Dharmaj Crop Guard Ltd. presents a robust financial profile with strong revenue growth and profitability, supported by a healthy balance sheet. The technical analysis shows bullish momentum, though caution is advised due to overbought signals. The valuation suggests the stock is priced at a premium. Investors should consider potential overvaluation and monitor cash flow management closely.

Dharmaj Crop Guard Ltd. Business Overview & Revenue Model

Company Description

Dharmaj Crop Guard Ltd. (DHARMAJ) is an India-based agrochemical company that operates in the agricultural sector. The company is primarily engaged in the manufacturing, distribution, and marketing of a wide range of crop protection solutions including insecticides, fungicides, herbicides, and other agrochemical products. These products are designed to enhance the productivity and health of crops, catering to the needs of farmers and agricultural businesses.

How the Company Makes Money

Dharmaj Crop Guard Ltd. generates revenue through the production and sale of its agrochemical products. The company sells its products directly to farmers, agricultural retailers, and distributors both domestically and internationally. Its revenue streams are primarily driven by the demand for crop protection products that help in increasing agricultural yield and mitigating pest-related losses. Key factors contributing to its earnings include strategic partnerships with distributors, a diversified product portfolio, and a focus on research and development to innovate and enhance its product offerings. Additionally, the company leverages its distribution network to expand its market reach and improve sales.

Dharmaj Crop Guard Ltd. Financial Statement Overview

Summary

Dharmaj Crop Guard Ltd. demonstrates strong revenue growth and solid profitability margins. The balance sheet is healthy with improving debt metrics and solid equity. Cash flow improvements are notable, though past volatility suggests the need for ongoing liquidity management.

Income Statement

Dharmaj Crop Guard Ltd. has demonstrated strong revenue growth with a consistent upward trajectory from 2020 to 2025. The company achieved a substantial revenue increase of 45.7% from 2024 to 2025. Gross profit margins have remained steady, indicating effective cost management, while net profit margins reveal a slight decline, suggesting rising operational costs or increased competition. EBIT and EBITDA margins are healthy, supporting operational efficiency.

Balance Sheet

The balance sheet shows a stable financial position with a debt-to-equity ratio improving over time, indicating effective debt management. Return on equity remains strong, reflecting profitability relative to shareholder equity. The equity ratio is solid, suggesting a well-capitalized structure, though there's room for improvement in reducing liabilities further.

Cash Flow

Cash flow statements indicate improved operating cash flow in 2025, recovering from previous negative free cash flows. The operating cash flow to net income ratio is favorable, suggesting operational cash generation aligns with reported earnings. However, past fluctuations in free cash flow require attention to ensure consistent cash generation to support growth initiatives.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	8.57B	9.51B	6.53B	5.22B	3.92B	2.97B
Gross Profit	1.67B	2.07B	1.31B	904.92M	768.63M	435.13M
EBITDA	756.99M	769.27M	660.78M	456.35M	464.83M	322.78M
Net Income	382.73M	348.25M	443.76M	268.60M	286.90M	209.60M
Balance Sheet
Total Assets	0.00	7.33B	5.63B	4.32B	2.20B	1.29B
Cash, Cash Equivalents and Short-Term Investments	7.98M	32.72M	29.99M	1.25B	9.52M	9.53M
Total Debt	0.00	1.16B	1.12B	524.17M	369.28M	269.24M
Total Liabilities	-3.95B	3.39B	2.04B	1.17B	1.35B	725.26M
Stockholders Equity	3.95B	3.94B	3.59B	3.15B	849.18M	563.44M
Cash Flow
Free Cash Flow	0.00	65.60M	-1.83B	-928.33M	-72.41M	-62.70M
Operating Cash Flow	0.00	386.80M	73.85M	-237.16M	164.11M	128.83M
Investing Cash Flow	0.00	-329.01M	-620.25M	-1.91B	-238.65M	-177.31M
Financing Cash Flow	0.00	-85.49M	572.15M	2.14B	74.53M	55.01M

Dharmaj Crop Guard Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 361.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:DHARMAJ, the sentiment is Positive. The current price of 361 is above the 20-day moving average (MA) of 339.43, above the 50-day MA of 328.19, and above the 200-day MA of 263.19, indicating a bullish trend. The MACD of 11.86 indicates Negative momentum. The RSI at 63.78 is Neutral, neither overbought nor oversold. The STOCH value of 74.18 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:DHARMAJ.

Dharmaj Crop Guard Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SHARDACROP	76 Outperform	₹87.22B	21.01		0.93%	36.53%	184.15%
GSFC	70 Outperform	₹79.74B	12.41		2.00%	3.26%	19.19%
RALLIS	67 Neutral	₹71.37B	41.49		0.68%	7.10%	29.32%
DHARMAJ	67 Neutral		23.32		―	42.24%	29.04%
DHANUKA	66 Neutral	₹73.03B	23.88		0.12%	9.92%	19.92%
BAYERCROP	57 Neutral	₹239.58B	40.43		2.34%	15.23%	-11.06%
Sector *	57 Neutral	$1.84B	9.34	8.02%	2.47%	5.38%	-37.86%