Dharmaj Crop

Ahmedabad, India Founded: 2015 • Age: 11 yrs Listed
Agro chemicals and pesticides are manufactured and supplied globally.
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About Dharmaj Crop

Dharmaj Crop is a publicly listed company based in Ahmedabad (India) founded in 2015. Agro chemicals and pesticides are manufactured and supplied globally. The company has 671 employees. Its Indian entity Dharmaj Crop Guard Limited reported revenue of ₹1,146 Cr. Dharmaj Crop offers products and services including Insecticides, Fungicides, Herbicides, Plant Growth Regulators, and Micro Fertilizers. Its focus areas include Food and Agriculture, Crop Inputs, Agro Chemicals and Diversified.

Company details

Dharmaj Crop was founded in 2015 and is headquartered in Ahmedabad, India. Operations focus on the agrochemical sector, where pesticides and related chemicals are produced and distributed. The company serves agricultural needs through its manufacturing and supply chain activities. Leadership is provided by Managing Director Ramesh Talavia, overseeing strategic and operational functions in this domain.

Operational Areas
Agriculture → Crop Inputs & Fertilizers
Key Metrics
  • Market Cap
    ₹840 Cr

    DHARMAJ · NSE

  • Share Price
    ₹239.20

    -3.74% today

  • Revenue
    ₹1,138 Cr

    FY 2025-26 · +19.7% YoY

  • EBITDA
    ₹100 Cr

    Margin 8.8%

  • Net Profit
    ₹55.93 Cr

    FY 2025-26 · +59.9% YoY

  • P/E (TTM)
    14.6x

    P/B 2.0x

  • ROE
    13.0%

    ROCE 16.4%

  • Debt / Equity
    0.29

    Interest cover 21.2x

  • Employee Count
    671

Products & Services of Dharmaj Crop

Dharmaj Crop offers a comprehensive portfolio of products and services, including Insecticides, Fungicides, Herbicides, Plant Growth Regulators, and Micro Fertilizers.

Insecticides
Agrochemicals

Products to prevent crop damage from insects.

Fungicides
Agrochemicals

Controls fungal diseases in crops for better yields.

Herbicides
Agrochemicals

Eliminates weeds to optimize plant resource consumption.

Plant Growth Regulators
Agrochemicals

Hormones that enhance crop yield and quality.

Micro Fertilizers
Agrochemicals

Nutrients like zinc to improve soil fertility and production.

Apps and channels of Dharmaj Crop

its YouTube channel DHARMAJ CROP GUARD LIMITED has 6.31K subscribers and 30 videos.

DHARMAJ CROP GUARD LIMITED
YouTube 6.31K subscribers 30 videos Science & Technology
Open channel

Videos from Dharmaj Crop

The most watched videos on Dharmaj Crop's YouTube channel, DHARMAJ CROP GUARD LIMITED (6.31K subscribers). Click a video to play it here.

✅તમારા પાક નું ઉત્પાદન દોઢ ગણું વધારે - ઋજુતા
2.6K views
🔥 મુંડા (સફેદ ડોળ) ના ત્રાસથી છૂટકારો....
1.7K views
🥜મગફળીના પાક માં માત્ર બે જ છંટકાવ અને ભરપૂર સુયા...
952 views
🛑મુંડા (સફેદ ડોળ) નો એકજ ઈલાજ – ✅પડઘમ
558 views

More on DHARMAJ CROP GUARD LIMITED.

Board of directors of Dharmaj Crop Guard Limited (Dharmaj Crop)

Dharmaj Crop Guard Limited is the primary company behind Dharmaj Crop. The board of Dharmaj Crop Guard Limited currently have 7 directors; the longest-serving is Jamankumar Hansarajbhai Talavia, appointed in 2019. 7 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Jamankumar Hansarajbhai Talavia
DIN 01525356
Whole-time director01 Aug 20197 yrs 2 moDharmaj Crop Guard Limited
Jagdishbhai Ravjibhai Savaliya
DIN 06481920
Whole-time director01 Aug 20197 yrs 2 moDharmaj Crop Guard Limited
Dipak Bachubhai Kanparia
DIN 06860678
Director15 Oct 20197 yrsDharmaj Crop Guard Limited
Rameshbhai Ravajibhai Talavia
DIN 01619743
Managing Director18 Nov 20214 yrs 11 moDharmaj Crop Guard Limited
Umesh Krishnankutty Menon
DIN 00086971
Director14 Aug 20251 yr 2 moDharmaj Crop Guard Limited
Bhupatray Khunt
DIN 00028526
Director14 Aug 20251 yr 2 moDharmaj Crop Guard Limited
Meghaben Ujjwalkumar Joshi
DIN 11851257
Director08 Aug 20262 moDharmaj Crop Guard Limited

People of Dharmaj Crop

7 people are tracked at Dharmaj Crop (3 in leadership, 4 in team); the tracked headcount is 671.

NameRoleGroup
Ramesh Talavia
Managing DirectorLeadership
Hitesh Patel
Vice President – MarketingLeadership
Bhupendra Varasada
( Head Of Operation )Leadership
Krishanmohan Mani Tripathi
Senior Manager R&dTeam
Malvika Bhadreshbhai Kapasi
Company Secretary And Compliance OfficerTeam
Kalpesh C. Patel
Senior Manager Of Accounts & FinanceTeam
Mehul Polara
Sr.manager-institutional BusinessTeam
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Complete people profiles for Dharmaj Crop

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IPO & Listings of Dharmaj Crop

Dharmaj Crop is a publicly listed company on the NSE with ticker symbol DHARMAJ in India, operating in the Process industries sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date08 Dec 2022
  • Listed onNSE: DHARMAJ
  • Listed entityDharmaj Crop Guard Ltd.
  • Exchange sectorProcess industries
  • ISININE00OQ01016
  • Share price₹260.05 (-0.12% on the day) · 2026-10-14
  • Market capitalisation₹884 Cr
  • Price to earnings14.6
  • EPS (diluted, trailing year)₹17.80
  • Volume (last session)65,132

Financials of Dharmaj Crop

Exchange-reported figures of Dharmaj Crop Guard Limited, the listed company behind Dharmaj Crop (NSE: DHARMAJ).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹1,138 Cr
+19.7% YoY
EBITDA
₹100 Cr
+34.4% YoY
Profit After Tax
₹55.93 Cr
+59.9% YoY
Net Worth
₹449 Cr
+13.9% YoY
Total Assets
₹584 Cr
+14.0% YoY
Total Debt
₹132 Cr
+14.1% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24
Income statement
Revenue1,138951654
Revenue growth+19.7%+45.4%-
EBITDA10074.7762.94
EBITDA margin+8.8%+7.9%+9.6%
Profit before tax72.5045.7557.48
Net profit55.9334.9744.35
Net profit margin+4.9%+3.7%+6.8%
EPS (₹)16.1710.3013.13
Balance sheet
Total assets584512473
Net worth449394359
Total debt132116112
Cash & bank6.473.213.00
Net working capital263194154
Cash flow
Cash from operations27.6138.687.39
Cash from investing(29.27)(32.90)(62.02)
Cash from financing1.71(8.55)57.22
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue382234190347367210175311
Revenue growth (YoY)+4.1%+11.4%+8.6%+11.5%+43.9%---
Other income1.134.373.170.040.771.51(0.04)0.30
EBITDA57.4110.637.3231.7950.733.849.5034.49
EBITDA margin+15.0%+4.5%+3.9%+9.2%+13.8%+1.8%+5.4%+11.1%
Depreciation4.864.814.884.794.664.584.664.59
Interest2.684.954.644.503.123.973.262.99
Profit before tax51.005.240.9722.5443.72(3.20)1.5427.21
Tax12.881.270.225.2111.14(0.74)0.366.17
Net profit38.123.970.7517.3332.58(2.46)1.1821.04
EPS (₹)11.281.170.225.139.64(0.73)0.356.22
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue1,138951654524394302198
Revenue growth+19.7%+45.4%+24.8%+33.0%+30.4%+52.6%-
EBITDA10074.7862.9441.1244.3431.0617.92
EBITDA margin+8.8%+7.9%+9.6%+7.8%+11.3%+10.3%+9.0%
Profit before tax72.5545.7657.4838.2238.5328.2014.44
Net profit55.9834.9844.3526.8528.6020.5510.74
Net profit margin+4.9%+3.7%+6.8%+5.1%+7.3%+6.8%+5.4%
EPS (₹)16.1910.3113.137.9511.6212.746.54
Balance sheet
Total assets58451247336812485.3057.02
Net worth44939435931584.9256.3535.43
Total debt13211611252.4136.9326.9320.18
Cash & bank6.423.163.001250.950.950.30
Net working capital26319415422558.7339.4826.13
Cash flow
Cash from operations27.6938.687.39(23.72)16.4112.882.05
Cash from investing(29.35)(32.95)(62.02)(191)(23.87)(17.73)(14.65)
Cash from financing1.71(8.55)57.222147.455.5012.06
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue384234190347367210175311
Revenue growth (YoY)+4.6%+11.4%+8.6%+11.5%+43.9%---
Other income1.164.383.180.050.771.51(0.04)0.30
Total expenses327223182315317206165277
EBITDA57.3010.647.3231.7950.733.859.5034.49
EBITDA margin+14.9%+4.6%+3.9%+9.2%+13.8%+1.8%+5.4%+11.1%
Depreciation4.864.814.884.794.664.584.664.59
Interest2.684.954.644.503.123.973.262.99
Profit before tax50.925.260.9822.5543.72(3.19)1.5427.21
Tax12.861.270.225.2111.14(0.74)0.366.17

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 23 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue382234190347367210175311
Revenue growth (YoY)+4.1%+11.4%+8.6%+11.5%+43.9%---
Other income1.134.373.170.040.771.51(0.04)0.30
EBITDA57.4110.637.3231.7950.733.849.5034.49
EBITDA margin+15.0%+4.5%+3.9%+9.2%+13.8%+1.8%+5.4%+11.1%
Depreciation4.864.814.884.794.664.584.664.59
Interest2.684.954.644.503.123.973.262.99
Profit before tax51.005.240.9722.5443.72(3.20)1.5427.21
Tax12.881.270.225.2111.14(0.74)0.366.17
Net profit38.123.970.7517.3332.58(2.46)1.1821.04
EPS (₹)11.281.170.225.139.64(0.73)0.356.22
ParticularsFY 2025-26FY 2024-25FY 2023-24
Revenue1,138951654
Revenue growth+19.7%+45.4%-
Other income8.352.153.43
Total expenses1,037876591
Employee cost55.7646.7927.75
EBITDA10074.7762.94
EBITDA margin+8.8%+7.9%+9.6%
Depreciation19.1218.275.44
Interest17.2212.903.45
Profit before tax72.5045.7557.48
Tax17.8410.9313.11
Net profit55.9334.9744.35
Net profit margin+4.9%+3.7%+6.8%
EPS (₹)16.1710.3013.13
ParticularsFY 2025-26FY 2024-25FY 2023-24
Equity & liabilities
Share capital33.8033.8033.80
Reserves & surplus415361326
Shareholders' funds (net worth)449394359
Minority interest0.000.000.00
Secured loans132116111
Unsecured loans0.000.000.62
Total debt132116112
Total liabilities584512473
Assets
Gross block372353337
Net block312311312
Capital work in progress13.606.952.06
Investments0.000.000.00
Inventories20713893.38
Sundry debtors281248119
Cash & bank balances6.473.213.00
Loans & advances18.0821.0929.27
Total current assets513411244
Total current liabilities25021789.96
Net working capital263194154
Total assets584512473
ParticularsFY 2025-26FY 2024-25FY 2023-24
Opening cash0.233.000.42
Net cash from operating activities27.6138.687.39
Net cash from investing activities(29.27)(32.90)(62.02)
Net cash from financing activities1.71(8.55)57.22
Net change in cash0.05(2.77)2.58
Closing cash6.473.213.00
ParticularsFY 2025-26FY 2024-25FY 2023-24
Growth
Sales growth+19.7%+45.4%-
EBITDA growth+34.4%+18.8%-
PBT growth+58.5%-20.4%+9997.0%
Net income growth+59.9%-21.2%-
Profitability & leverage
Net income margin+4.8%+3.7%+6.8%
Return on capital employed+16.4%+11.9%+12.9%
Return on net worth+13.0%+9.2%+12.4%
Debt / equity0.290.300.31
Long-term debt / equity0.140.190.21
Interest cover21.1622.836.00
Efficiency & per share
Fixed asset turnover3.142.761.94
Inventory turnover6.588.207.00
Debtors turnover4.305.185.51
EPS (₹)16.1710.3013.13
Dividend per share (₹)0.000.000.00
Book value per share (₹)132.86116.70106.33
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue384234190347367210175311
Revenue growth (YoY)+4.6%+11.4%+8.6%+11.5%+43.9%---
Other income1.164.383.180.050.771.51(0.04)0.30
Total expenses327223182315317206165277
EBITDA57.3010.647.3231.7950.733.859.5034.49
EBITDA margin+14.9%+4.6%+3.9%+9.2%+13.8%+1.8%+5.4%+11.1%
Depreciation4.864.814.884.794.664.584.664.59
Interest2.684.954.644.503.123.973.262.99
Profit before tax50.925.260.9822.5543.72(3.19)1.5427.21
Tax12.861.270.225.2111.14(0.74)0.366.17
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue1,138951654524394302198
Revenue growth+19.7%+45.4%+24.8%+33.0%+30.4%+52.6%-
Other income8.392.153.434.512.081.160.94
Total expenses1,037876591483350271180
Employee cost55.7646.7927.7518.2712.6911.207.52
EBITDA10074.7862.9441.1244.3431.0617.92
EBITDA margin+8.8%+7.9%+9.6%+7.8%+11.3%+10.3%+9.0%
Depreciation19.1218.275.445.085.272.602.18
Interest17.2212.903.452.332.621.422.24
Profit before tax72.5545.7657.4838.2238.5328.2014.44
Tax17.8410.9313.1111.369.847.233.70
Net profit55.9834.9844.3526.8528.6020.5510.74
Net profit margin+4.9%+3.7%+6.8%+5.1%+7.3%+6.8%+5.4%
EPS (₹)16.1910.3113.137.9511.6212.746.54
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital33.8033.8033.8033.8024.6816.4616.46
Reserves & surplus41536132628160.2439.8918.97
Shareholders' funds (net worth)44939435931584.9256.3535.43
Secured loans13211511144.8929.0924.1718.33
Unsecured loans0.000.100.627.527.842.761.85
Total debt13211611252.4136.9326.9320.18
Total liabilities--47336812485.3057.02
Assets
Gross block37235333759.2054.6148.8429.37
Net block31231131239.9540.0639.0921.81
Capital work in progress13.356.942.0690.0018.401.142.32
Investments0.050.050.000.480.490.000.00
Inventories20713893.3872.8662.8843.5827.61
Sundry debtors28124811972.7185.9836.1833.33
Cash & bank balances6.423.163.001250.950.950.30
Loans & advances18.3921.0929.2817.883.982.320.45
Total current assets51341124428915483.0361.69
Total current liabilities25021789.9664.1095.0643.5535.56
Net working capital26319415422558.7339.4826.13
Total assets58451247336812485.3057.02
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.183.000.420.950.950.300.84
Net cash from operating activities27.6938.687.39(23.72)16.4112.882.05
Net cash from investing activities(29.35)(32.95)(62.02)(191)(23.87)(17.73)(14.65)
Net cash from financing activities1.71(8.55)57.222147.455.5012.06
Net change in cash0.04(2.82)2.58(0.53)0.000.65(0.54)
Closing cash6.423.163.001250.950.950.30
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+19.7%+45.4%+24.8%+33.0%+30.4%+52.6%-
EBITDA growth+34.4%+18.8%+53.1%-7.3%+42.8%+73.3%-
PBT growth+58.5%-20.4%+50.4%-0.8%+36.6%+95.3%+106.6%
Net income growth+60.0%-21.1%+65.2%-6.1%+39.2%+91.3%-
Revenue CAGR (3Y)+29.5%+34.1%+29.3%+38.3%+41.4%--
EBITDA CAGR (3Y)+34.7%+19.0%+26.5%+31.9%+61.7%--
Profitability & leverage
Net income margin+4.8%+3.7%+6.8%+5.1%+7.3%+6.9%+5.4%
Return on capital employed+16.4%+11.9%+14.5%+16.5%+39.2%+41.6%+37.6%
Return on net worth+13.0%+9.2%+13.2%+13.4%+40.6%+45.7%+46.8%
Debt / equity0.290.300.240.220.450.510.88
Long-term debt / equity0.140.190.160.150.290.220.49
Interest cover21.1622.836.006.476.714.9914.23
Efficiency & per share
Fixed asset turnover3.142.763.309.217.627.738.54
Inventory turnover6.588.207.877.737.418.509.25
Debtors turnover4.305.186.846.616.458.707.88
EPS (₹)16.1910.3113.137.9511.6212.746.54
Dividend per share (₹)0.000.000.000.000.100.000.00
Book value per share (₹)132.88116.70106.3393.2634.4034.2421.53

Web traffic of Dharmaj Crop

The website of Dharmaj Crop (dharmajcrop.com) receives about 2.8K visits a month.

  • Monthly visits
    2.8K

    ▼ 4.6% vs previous month

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••••••••••••••••.com••%•.•M#•••••–
••••••••••••••••.com••%•.•M#•••••–
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Top companies in Crop Inputs & Fertilizers

3 companies that operate in the same segment as Dharmaj Crop (Crop Inputs & Fertilizers) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
DFPCL
Manufacturer of fertilizers, industrial chemicals, crop nutrition products, and real estate
1979Pune, Maharashtra, IndiaUSD 1.21 B1,020
Safex Chemicals
Manufacturer of agrochemicals for crop protection
1991Delhi, Delhi, IndiaUSD 88.79 MUSD 165.62 M449
Crystal Crop Protection
Agrochemicals and equipment for crop protection are manufactured.
1994Delhi, Delhi, IndiaUSD 28.03 MUSD 303.27 M1,262
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Related news about Dharmaj Crop

Dharmaj Crop Guard June-Quarter Consol Net Profit 381.1 Million Rupees
Reuters • 2 months ago
Dharmaj Crop Guard March-Quarter Consol Net Profit 39.7 Million Rupees
Reuters • 5 months ago
India's Dharmaj Crop Guard falls on Q3 profit plunge
Reuters • 1 year ago
Rameshbhai Talavia, Chairman & MD, Dharmaj Crop Guard
India Infoline • 1 year ago
India's Dharmaj Crop Guard falls on plant's temporary closure
Reuters • 2 years ago
Dharmaj Crop Guard June-Quarter Profit 150.7 Mln Rupees
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Dharmaj Commissions Gujarat Plant
Chemindigest • 2 years ago
India's Dharmaj Crop Guard Sept-Quarter Profit Rises
Reuters • 2 years ago
Dharmaj Crop Guard Says Fire Accident At Co's Under Construction Plant At Saykha GIDC, Gujarat
Reuters • 3 years ago
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Frequently Asked Questions about Dharmaj Crop

Dharmaj Crop was founded in 2015.

Dharmaj Crop is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.

Dharmaj Crop has 671 employees.

The primary company behind Dharmaj Crop, Dharmaj Crop Guard Limited, reported revenue of ₹1,146 Cr for FY 2026, up 20% year on year.

Dharmaj Crop was founded in 2015 and is headquartered in Ahmedabad, India. Operations focus on the agrochemical sector, where pesticides and related chemicals are produced and distributed. The company serves agricultural needs through its manufacturing and supply chain activities. Leadership is provided by Managing Director Ramesh Talavia, overseeing strategic and operational functions in this domain.

Dharmaj Crop offers Insecticides, Fungicides, Herbicides, Plant Growth Regulators, and Micro Fertilizers.

Yes, Dharmaj Crop is publicly traded on NSE under the ticker symbol DHARMAJ.

Dharmaj Crop operates through Dharmaj Crop Guard Limited.

The legal entities of Dharmaj Crop currently have 10 directors, including Jamankumar Hansarajbhai Talavia, Jagdishbhai Ravjibhai Savaliya, Vishal Domadia and others.

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