Dharmaj Crop Guard Limited

BSE: 543687 NSE: DHARMAJ
Dharmaj Crop Guard Limited - agriculture in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
CIN L24100GJ2015PLC081941 Incorporated 19 January 2015 ROC Ahmedabad HQ Ahmedabad, Gujarat, India
Active Listed - NSE: DHARMAJ · BSE: 543687 Public Limited Company agriculture
Data last updated
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

About Dharmaj Crop Guard Limited

Data last updated:

Dharmaj Crop Guard Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the crop protection segment of the agriculture sector. It was incorporated on 19 January 2015 and has been in existence for over 11 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L24100GJ2015PLC081941. Its GSTIN is 24AAFCD2307P1ZN (Gujarat). The company holds 19 GST registrations, of which 18 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 543687 and NSE: DHARMAJ.

The company has an authorised share capital of ₹35 Cr and a paid-up capital of ₹33.8 Cr. It is led by directors including Rameshbhai Ravajibhai Talavia (Managing Director) and Jamankumar Hansarajbhai Talavia (Whole-Time Director).

Its last annual general meeting (AGM) was held on 24 September 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Plot No. 408 To 411 Kerala GIDC Estate Off NH – 8 At : Kerala Ta.: Bavla, Ahmedabad, Gujarat, India – 382220.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹1,137.97 Cr, a growth of 19.7% compared to the previous year. For the same year it recorded a net profit of ₹55.93 Cr (net margin 4.9%) and EBITDA of ₹100.49 Cr (EBITDA margin 8.8%). The net worth stands at ₹449.05 Cr (up 13.9% YoY). Total assets are valued at ₹583.59 Cr (up 14% YoY).

The company has about 387 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.

The company is associated with 1 brand: Dharmaj Crop. As per MCA filings, the company has open charges of ₹407.81 Cr and satisfied charges of ₹137.07 Cr on record. Court records list 428 cases involving the company, including 407 filed by the company and 21 filed against it; 212 cases are pending. The company has 12 deals on record (6 market trades, 3 secondary share transfers, 2 rights issues); the latest was in August 2024. Its 10 peer companies in the Agriculture industry (Pesticides), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 5 larger and 5 smaller; the largest is Corteva Crop India Private Limited with revenue of ₹1,175.36 Cr. The company has 2 MSME Form 1 returns on record between 2019 and 2024, listing 117 overdue payments to 27 micro and small suppliers.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website dharmajcrop.com.

Company details

CIN L24100GJ2015PLC081941
Registration Number 081941
Incorporation Date 19 January 2015
ROC Ahmedabad
Listing Status Listed - Listed on NSE (DHARMAJ); Listed on BSE (543687)
Company Status Active
Date of Last AGM 24 September 2026
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant

CIN history

Dharmaj Crop Guard has one previous CIN (Corporate Identification Number): U24100GJ2015PLC081941. The current CIN is L24100GJ2015PLC081941, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L24100GJ2015PLC081941Current
U24100GJ2015PLC081941Previous
Key People
Rameshbhai Ravajibhai Talavia Managing Director Jamankumar Hansarajbhai Talavia Whole-Time Director Jagdishbhai Ravjibhai Savaliya Whole-Time Director

Contact details

Dharmaj Crop Guard Limited's registered office is in Ahmedabad, Gujarat. Its website is dharmajcrop.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    dharmajcrop.com
  • Social Media
  • Registered Address
    Plot No. 408 To 411 Kerala GIDC Estate Off NH – 8 At : Kerala Ta.: Bavla, Ahmedabad, Gujarat, India – 382220
  • Industry
    Agriculture, Crop Protection

To see the full contact details of Dharmaj Crop Guard Limited, buy the company report.

Comprehensive company report
Dharmaj Crop Guard Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Dharmaj Crop Guard operates one associated brand: Dharmaj Crop. Each brand links to its own profile.

BrandDescriptionWebsite
Dharmaj Crop
Agro chemicals and pesticides are manufactured and supplied globally.dharmajcrop.com

Business activity

The main business activity of Dharmaj Crop Guard is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC6Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products

To see the full business activity and turnover split of Dharmaj Crop Guard Limited, buy the company report.

Financials of Dharmaj Crop Guard Limited

FY 2025-26 filings available

Dharmaj Crop Guard Limited reported revenue of ₹1,137.97 Cr (up 19.7% YoY) for FY 2025-26.

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

To see the full year-wise statements and ratios of Dharmaj Crop Guard Limited, buy the company report.

Board of directors of Dharmaj Crop Guard Limited

Dharmaj Crop Guard has 7 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Jamankumar Hansarajbhai Talavia
Also directs: DCGL Industries Limited
Whole-Time Director01 Aug 20197 Years 2 MonthsCurrent
Jagdishbhai Ravjibhai SavaliyaWhole-Time Director01 Aug 20197 Years 2 MonthsCurrent
Rameshbhai Ravajibhai Talavia
Also directs: DCGL Industries Limited, Agro Chemicals Manufacturers Association of India
Managing Director18 Nov 20214 Years 11 MonthsCurrent
Dipak Bachubhai Kanparia
Also directs: Dharmajivan Greentech Private Limited
Director15 Oct 20197 Years 0 MonthsCurrent
Umesh Krishnankutty Menon
Also directs: Mundial Netz LLP, Arunaya Organics Limited, Shalby Limited and 3 more
Director14 Aug 20251 Years 2 MonthsCurrent
Bhupatray Khunt
Also directs: Express Build Space LLP, Avkar Buildtech LLP, Fujitec Express Private Limited and 1 more
Director14 Aug 20251 Years 2 MonthsCurrent
Showing 6 of 7 current directors. View all directors

Peer comparison

Dharmaj Crop Guard Limited is compared with the 10 companies closest to it by revenue in the Agriculture industry (Pesticides), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Corteva Crop India Private Limited₹1,175.36 Cr (FY 2025)16.0%Hyderabad, Telangana, India
Dharmaj Crop Guard Limitedthis company₹1,137.97 Cr (FY 2026)₹55.93 Cr4.9%19.7%387Ahmedabad, Gujarat, India
Zuari Farmhub Limited₹1,110.19 Cr (FY 2025)41.0%Zuaringar, Goa, India
B R Agrotech Limited₹1,090.35 Cr (FY 2025)10.0%New Delhi, Delhi, India
Parijat Industries (India) Limited₹1,062.41 Cr (FY 2025)11.0%New Delhi, Delhi, India
Meghmani Industries Limited₹1,017.79 Cr (FY 2025)9.0%Ahmedabad, Gujarat, India
Saraswati Agro Chemicals (India) Private Limited₹931.89 Cr (FY 2025)19.0%Punjab, India
Punjab Chemicals and Crop Protection Limited₹901.95 Cr (FY 2025)-4.0%Derabassi, Punjab, India
Ju Agri Sciences Private Limited₹874.82 Cr (FY 2024)4.0%New Delhi, Delhi, India
Biostadt India Limited₹849.91 Cr (FY 2024)-7.0%Mumbai, Maharashtra, India
India Pesticides Limited.₹843.44 Cr (FY 2025)21.0%Uttar Pradesh, India

To see the full peer comparison of Dharmaj Crop Guard Limited, buy the company report.

Auditor

Dharmaj Crop Guard Limited is audited by M S K A & Associates for the financial year 2025.

Auditor firmFinancial yearFirm registration number
M S K A & AssociatesFY 2025105047W

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 70.40%, foreign institutional investors hold 3.10%, domestic institutional investors hold 0.50% and retail and other public shareholders hold 26.00%.

Promoters: 70.40%DII (Domestic Institutional): 0.50%FII (Foreign Institutional): 3.10%Retail & Others: 26.00%
Sep 2026
QUARTER
70.40% Promoters
0.50% DII (Domestic Institutional)
3.10% FII (Foreign Institutional)
26.00% Retail & Others
Promoter holding - history
Now 70.40% · Sep 2026High 70.40% · Dec 2025Low 70.40% · Dec 2025
69%69.8%70.5%71.3%72%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 70.40%Mar 2026: 70.40%Jun 2026: 70.40%Sep 2026: 70.40%70.40%70.40%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters70.40%70.40%70.40%70.40%
Public29.60%29.60%29.60%29.60%

Charges & borrowings

Open charges
₹407.81 Cr
Satisfied charges
₹137.07 Cr
Breakdown by lending institutions
Hdfc Bank Limited₹337.81 Cr
Sbicap Trustee Company Limited₹70.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
07 Mar 2024100893249Sbicap Trustee Company Limited₹70 CrOpen
20 Jun 2022100591488Hdfc Bank Limited₹16.18 LakhOpen
22 Oct 2021100495354Hdfc Bank Limited₹7.15 LakhOpen
08 Oct 2021100493473Hdfc Bank Limited₹7.2 LakhOpen
18 Feb 201610621711Hdfc Bank Limited₹172.75 CrOpen

To see the full charge records of Dharmaj Crop Guard Limited, buy the company report.

Total charge records: 25 View all charges

Deals & funding

Dharmaj Crop Guard Limited has 12 deals on record (6 market trades, 3 secondary share transfers, 2 rights issues); the latest was in August 2024.

Total deals
12
Market trades
6
Secondary share transfers
3
Rights issues
2
IPO
1

Deals on record (5 of 12)

WhenDealAmountParties
Aug 2024Market trade₹21.99 CrBuyer: Unico Global Opportunities Fund Limited
Seller: Elara Capital
Jul 2024Market trade₹17.02 CrBuyer: Graviton Research Capital LLP
Seller: Graviton Research Capital LLP , Elara Capital
Dec 2022Market trade₹5.59 CrBuyer: Graviton Research Capital LLP
Seller: Graviton Research Capital LLP
Dec 2022Market trade₹75.14 CrBuyer: NK Securities Research Private Limited , Musigma Securities, Marwadi Chandarana Intermediaries Brokers Private Limited
Seller: NK Securities Research Private Limited , Musigma Securities, Marwadi Chandarana Intermediaries Brokers Private Limited
Dec 2022IPO₹251.15 CrInvestors: IPO Shareholders - Dharmaj Crop Guard Limited, Elara Capital, Rajasthan Global Securities Private Limited
Seller: 4 individuals

To see the full deal history of Dharmaj Crop Guard Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Dharmaj Crop Guard Limited was last rated by Crisil on 10 Aug 2021.

Rating agencyRated onRating
Crisil10 Aug 2021

To see the full credit ratings and regulatory alerts of Dharmaj Crop Guard Limited, buy the company report.

MSME payment delays

Dharmaj Crop Guard Limited has 2 MSME Form 1 returns on record between 2019 and 2024, listing 117 overdue payments to 27 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 27)

SupplierAmount dueDue sinceReported on
an individual supplier
an individual supplier
an individual supplier
an individual supplier
Pacific Maritime Private Limited

To see the full MSME payment records of Dharmaj Crop Guard Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Group structure & subsidiaries

Dharmaj Crop Guard has 1 subsidiary company. This group structure data is as of FY 2025. The table lists each entity with its relationship and holding.

1
Subsidiary companies
Key subsidiaries
Company NameCINShares held
DCGL Industries LimitedU20210GJ2025PLC158396

To see the full group structure of Dharmaj Crop Guard Limited, buy the company report.

Employees & EPFO

Dharmaj Crop Guard Limited has a workforce of 387 employees on its EPFO records as of Sep 24, 2025, across 1 active EPFO establishment.

Employee count
387
Active EPFO establishments
1
Employee growth
52.96%

GST

Dharmaj Crop Guard has 19 GST registrations: 18 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
19
Active
18
Cancelled / inactive
1
GSTINStateStatusRegistered on
24AAFCD2307P1ZNGujaratActive01 Jul 2017
24AAFCD2307P2ZMGujaratActive13 May 2023
10AAFCD2307P1ZWBiharActive01 Jul 2017
22AAFCD2307P1ZRChattisgarhActive01 Jul 2017

To see the full GST registrations and return filing status of Dharmaj Crop Guard Limited, buy the company report.

Recent activity

Dharmaj Crop Guard Limited has 12 board changes on record since 2019: 10 appointments and 2 cessations. The latest: Meghaben Ujjwalkumar Joshi was appointed as Director on 08 Aug 2026.

Charges
A charge registered on 28 Jun 2021 via Charge ID 100458199 with Hdfc Bank Limited was fully satisfied on 01 Oct 2026.
AGM
Dharmaj Crop Guard Limited last Annual general meeting of members was held on 24 Sep 2026 as per latest MCA records.
Charges
A charge registered on 30 Jun 2021 via Charge ID 100458179 with Hdfc Bank Limited was fully satisfied on 10 Aug 2026.
Charges
A charge registered on 28 Jun 2021 via Charge ID 100458175 with Hdfc Bank Limited was fully satisfied on 10 Aug 2026.
Appointed
Meghaben Ujjwalkumar Joshi was appointed as Director.
Charges
A charge registered on 22 Oct 2021 via Charge ID 100495274 with Hdfc Bank Limited was fully satisfied on 06 Aug 2026.
Charges
A charge registered on 18 Jun 2021 via Charge ID 100454264 with Hdfc Bank Limited was fully satisfied on 07 Jun 2026.
Charges
A charge registered on 28 May 2021 via Charge ID 100452033 with Hdfc Bank Limited was fully satisfied on 05 Jun 2026.
Charges
A charge registered on 16 Apr 2021 via Charge ID 100439221 with Hdfc Bank Limited was fully satisfied on 07 Apr 2026.
Charges
A charge registered on 26 Mar 2021 via Charge ID 100431085 with Hdfc Bank Limited was fully satisfied on 05 Apr 2026.
Charges
A charge registered on 24 Mar 2021 via Charge ID 100431082 with Hdfc Bank Limited was fully satisfied on 05 Apr 2026.
Filing
Dharmaj Crop Guard Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.

50 earlier events are in the company report.

News

Frequently asked questions

Dharmaj Crop Guard is an active public limited company based in Ahmedabad, Gujarat, India. The company works in crop protection, within the agriculture industry. It was incorporated on 19 January 2015 (11+ years old) and is registered under CIN L24100GJ2015PLC081941. Listed on BSE: 543687 and NSE: DHARMAJ.

Dharmaj Crop Guard reported revenue of ₹1,137.97 Cr for FY 2025-26 (up 19.7% YoY) based on consolidated financials.

Dharmaj Crop Guard has 7 current directors:

The latest financial statements of Dharmaj Crop Guard on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 24 September 2026. Year-wise statements from 2015 are in the company report.

The GSTIN of Dharmaj Crop Guard is 24AAFCD2307P1ZN, registered in Gujarat. The company has 19 GST registrations in all, of which 18 are active and 1 is cancelled or inactive. Other active GSTINs include 24AAFCD2307P2ZM (Gujarat), 10AAFCD2307P1ZW (Bihar), 22AAFCD2307P1ZR (Chattisgarh).

The CIN (Corporate Identification Number) of Dharmaj Crop Guard is L24100GJ2015PLC081941. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Dharmaj Crop Guard is a listed company as per MCA records. Its shares are listed on both BSE (code: 543687) and NSE (symbol: DHARMAJ).

Dharmaj Crop Guard has 428 court cases on record: 407 filed by the company and 21 filed against it. 212 are pending. Most are in the district courts.

Dharmaj Crop Guard was incorporated on 19 January 2015, making it 11+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Dharmaj Crop Guard has 12 deals on record (6 market trades, 3 secondary share transfers, 2 rights issues); the latest was in August 2024.

The peers of Dharmaj Crop Guard by revenue are Corteva Crop India Private Limited, Zuari Farmhub Limited, B R Agrotech Limited, Parijat Industries (India) Limited, Meghmani Industries Limited and 5 more, all in the Agriculture industry (Pesticides), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).

Meghaben Ujjwalkumar Joshi was appointed as Director on 08 Aug 2026. Bhupatray Khunt was appointed as Director on 14 Aug 2025. Umesh Krishnankutty Menon was appointed as Director on 14 Aug 2025. Dharmaj Crop Guard has 12 board changes on record in total.