# Dharmaj Crop Guard share price today (Dharmaj Crop Guard Ltd, NSE: DHARMAJ)

> Dharmaj Crop Guard share price today: ₹249.05 at the NSE close on 3 November 2026, down 12.0% in a year. Dharmaj Crop Guard (NSE: DHARMAJ) is worth ₹842 crore, trades at a P/E of 14.0 and has closed between ₹227.62 and ₹295.15 over the past 52 weeks. > Dharmaj Crop Guard Ltd's results are improving, while its P/E is near the low end of its own history over 3.9 years, higher than only 0% of past readings. DHARMAJ · Pesticides/Agrochemicals · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/dharmaj-crop-guard-ltd

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## Key numbers

- Business trend: Mixed, from the last 12 quarters
- Price: ₹249.05 (−12.0% in a year)
- P/E: 14.0× (lower than 100% of the last 3.9 years)
- Revenue (Jun 2026): ₹384 Cr (+4.6% on a year ago)
- Profit (Jun 2026): ₹38.0 Cr (+15.2% on a year ago)
- Operating margin: 15.0% (+1.0 points on a year ago)
- ROCE: 17%, FY26
- ROIC: 11.5%, against a 12.0% cost of capital: −0.5 points

The main question: profits are rising, but only 55% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. ## What is the Dharmaj Crop Guard share price today? Dharmaj Crop Guard Ltd's share price was ₹249.05 at the close on 3 November 2026. It has been rising for 8 weeks. That is 6.1% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹228 and ₹295, and at that close it sat 32% of the way up from that low. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 1 week running. Over the last 3.9 years the share price moved +0% while the NIFTY 500 moved +37%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 30 October 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Dharmaj Crop Guard this quarter? Three changes stood out: best operating margin in 13 quarters, revenue up on a year earlier for 9 quarters in a row (every quarter we can compare) and highest quarterly profit in 13 quarters. 1. Best operating margin in 13 quarters Operating margin was 15% in the June 2026 quarter, against 14% a year earlier. Why: Margins rose mainly because the company sold a better mix of products and got some higher prices for branded products. Next results: check whether product mix, more use of its own plant output and new chemical products keep the margin up. From the earnings call on 28 Sep 2026. 2. Revenue up on a year earlier for 9 quarters in a row (every quarter we can compare) In the June 2026 quarter revenue was ₹384 crore, +4.6% on a year earlier. Why: Revenue rose because export sales grew quickly from a low starting point. Next results: check whether delayed monsoon crop demand moves into the second half and helps sales. From the earnings call on 28 Sep 2026. 3. Highest quarterly profit in 13 quarters Profit of ₹38 crore in the June 2026 quarter is the highest of the last 13 quarters. Why: Profit rose because a better product mix and more use of its own chemical plant lifted the amount earned on each sale. Next results: check whether better winter crop demand offsets weak demand from outside markets at the new chemical plant. From the earnings call on 28 Sep 2026. ## What are Dharmaj Crop Guard's latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), Dharmaj Crop Guard reported revenue of ₹384 crore, up 4.6% from ₹367 crore a year earlier, and a profit of ₹38.0 crore, up 15.2% from ₹33.0 crore. ### Dharmaj Crop Guard results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹384 crore | ₹367 crore | +4.6% |
| Profit | ₹38.0 crore | ₹33.0 crore | +15.2% |
| Earnings per share | ₹11.26 | ₹9.64 | +16.8% |
| Operating margin | 15.0% | 14.0% | +1.0 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). Dharmaj Crop Guard's management discussed these results on a call held on 28 September 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the Dharmaj Crop Guard share price history? Dharmaj Crop Guard closed at ₹249.05 on 3 November 2026, down 12.0% from ₹283.10 a year earlier (31 October 2025) and down 1.7% over three years. Its highest weekly close since December 2022 was ₹374.95 on 30 August 2024. ### Dharmaj Crop Guard share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹239.20 | +4.1% |
| 1 month ago · 1 Oct 2026 | ₹267.65 | −6.9% |
| 6 months ago · 30 Apr 2026 | ₹259.36 | −4.0% |
| 1 year ago · 31 Oct 2025 | ₹283.10 | −12.0% |
| 3 years ago · 3 Nov 2023 | ₹253.25 | −1.7% |
| Earliest weekly close in our records · 9 Dec 2022 | ₹249.80 | −0.3% |
| Highest weekly close since December 2022 · 30 Aug 2024 | ₹374.95 | −33.6% |
| Lowest weekly close since December 2022 · 31 Mar 2023 | ₹144.80 | +72.0% |
| 52-week high (weekly close) · 25 Sep 2026 | ₹295.15 | −15.6% |
| 52-week low (weekly close) · 23 Jan 2026 | ₹227.62 | +9.4% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (209 weekly closes from 9 December 2022 to 3 November 2026.)

## What is the latest news on Dharmaj Crop Guard? 3 Nov 2026: Dharmaj Crop Guard closed at ₹249.05, up 4.1% on the week and down 6.9% on the month. 28 Sep 2026: Dharmaj Crop Guard held its results call for April to June 2026. Management guided: FY27 revenue ₹1,200-1,250 crore. ### Earlier

- Results for April to June 2026: Revenue up 4.6% and profit up 15.2% on a year earlier. ## What dividend does Dharmaj Crop Guard pay? Dharmaj Crop Guard has paid no dividend on the NSE since its first NSE close in our records (9 December 2022), the start of the period we checked. Not in its latest year. Dharmaj Crop Guard Ltd paid out 0% of its profit as dividends in FY26. It did pay a dividend in 1 of its last 8 reported years, so there is a history but no current dividend. (From the NSE corporate-actions record, read 4 November 2026.)

## What did Dharmaj Crop Guard management say on the latest results call? On the call for April to June 2026, held on 28 September 2026, Dharmaj Crop Guard's management guided: FY27 revenue ₹1,200-1,250 crore. > “Technical revenue should be at par. Right now, I feel that it should be at par.”
> Vikas Agarwal, CFO, on the call for April to June 2026

### What management guided

- FY27 H1 approximately at par or slightly better year on year; H2 expected to improve. - FY27 technical revenue at par with FY26; profit before tax at break-even or some profit. - Saykha FY27 utilization 65-70%; 2-3 molecules planned to support captive and external sales. - Kerala GIDC herbicide unit: ₹35 crore capital spending, 15,000 metric tons capacity, commissioning in October to December 2026 ahead of Kharif. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijoristack.ai/concall/transcript/47408-28-Sep-2026.pdf). (From the call for April to June 2026, 28 September 2026.)

## What to watch in Dharmaj Crop Guard's next results? When Dharmaj Crop Guard reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: FY27 H1 at-par delivery, especially branded formulation recovery - check whether delayed Kharif demand shifts into H2. - What to check (from the call)
- FY27 H1 at-par delivery, especially branded formulation recovery - check whether delayed Kharif demand shifts into H2. - Saykha technical revenue and profit before tax outcome - check whether better Rabi demand offsets continued external-market weakness. - Inventory and debtor-cycle normalization after Kharif - check whether seasonal working-capital pressure eases as management expects. - Kerala GIDC herbicide commissioning before the next Kharif cycle - check machinery completion and existing-space release. ## Which stock lists is Dharmaj Crop Guard on? Dharmaj Crop Guard is not on any of our India lists this week. ## Is Dharmaj Crop Guard profitable? Dharmaj Crop Guard Ltd earned ₹38.0 Cr of net profit in the Jun 2026 quarter, +15.2% on the same quarter a year earlier. Full-year FY26 profit was ₹55.0 Cr. Over 7 years profit has grown 40.9% a year on average. That is 9.9% of the quarter's revenue. The same quarter a year earlier earned ₹33.0 Cr. 2 of the last 12 reported quarters were loss-making. For the full year, FY26 profit was ₹55.0 Cr (+57.1% on the year before). Why profit moved: revenue changed +4.6% on a year earlier and the margin moved +1.0 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed −1.3% and revenue +9.1%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does Dharmaj Crop Guard make, and is it growing? Dharmaj Crop Guard Ltd reported ₹384 Cr of revenue in the Jun 2026 quarter, +4.6% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 7 years it has grown 35.5% a year on average. The last full year, FY26, came in at ₹1,138 Cr. The last four reported quarters add to ₹1,155 Cr. FY26 revenue was ₹1,138 Cr, +19.7% on the year before. Recent pace: the last four quarters grew +9.1% on average, against 35.5% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +8.7%, against +24.3% a year over the last 8 quarters (rolling over); profit over the last 12 months grew +13.2%, against +18.1% a year (rolling over). ## How much of every ₹100 of sales does Dharmaj Crop Guard keep? Dharmaj Crop Guard Ltd's operating margin was 15.0% in the Jun 2026 quarter, 1.0 percentage points higher than the same quarter a year ago. Across 8 years it has been between 8.0% and 11.0%. The latest quarter is above every full year in that period. Why the margin moved: operating margin changed +1.1 percentage points on the year while gross margin changed +1.8 points. So the gain came mostly from the gross margin, which means input costs and prices charged. ## Is Dharmaj Crop Guard's profit turning into cash? Over the last 3 years, 55% of Dharmaj Crop Guard Ltd's reported profit came in as cash from its operations, a gap worth watching. In FY26 it brought in ₹28.0 Cr of operating cash against ₹55.0 Cr of profit. After ₹26.0 Cr of spending on assets, ₹2.0 Cr was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 55% of profit came in as cash: the cash cycle got 36 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. When less than 70% of profit comes in as cash, it is the thing to watch on this page. What to look at next: less of the profit turns into cash than it should, and the cash cycle is 36 days longer. The next section looks at where the cash is stuck. ## Where does Dharmaj Crop Guard's cash go? Dharmaj Crop Guard Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 87 days in FY26, up from 51 days in FY21. It spent ₹237 Cr on assets over the last 3 years. Customers take 90 days to pay, and stock sits for 86 days on average. At FY26 sales of ₹1,138 Cr, each day of that cycle ties up about ₹3.1 Cr, so roughly ₹271 Cr is tied up in the business at any time. FY26: customers took 90 days to pay and stock sat for 86 days, about 2.8 months of sales sitting as stock, for a full cycle of 87 days, longer than FY21's 51. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 86 days. Customers pay about 90 days after that. Suppliers are paid at 89 days. Together that makes the 87-day cycle. Spending on assets: ₹237 Cr over the last 3 years, against ₹42.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹13.0 Cr (FY26): assets paid for that are not earning yet. In short: cash is getting stuck in the daily cycle, so watch the cycle more than the profit. ## What is Dharmaj Crop Guard's P/E ratio, and how does it compare with its own history? Dharmaj Crop Guard Ltd's P/E is 14.0×, about the lowest it has ever been. Its usual P/E (the middle reading) is 19.7×, over 3.9 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved +56.9% while the price moved −12.0%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 3 years the price moved −0.6% a year; about +17.2% a year came from earnings growth and about −17.8 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Dharmaj Crop Guard business getting better or worse? Dharmaj Crop Guard Ltd's business is giving mixed signals. Growth is slowing from a very fast pace: revenue growth has eased from +42.4% at its peak to +8.7%, but the business is still expanding, with ROCE rising at 19.9%. This is based on 12 quarters of 4 measures. Why it matters: when the lines disagree, each line above matters more than any single label. ## How much does Dharmaj Crop Guard earn on its capital? Dharmaj Crop Guard Ltd earned a ROCE of 17% in FY26. That is up from a low of 12% in FY25. Its return on capital used (ROIC) is 0.5 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 4.8% net margin and 1.35× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 4.8% net margin × 1.35× asset turnover × 1.87× leverage (assets divided by equity) ≈ 12.1% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 11.5% − 12.0% = −0.5 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. ## Does Dharmaj Crop Guard have too much debt? Dharmaj Crop Guard Ltd has total debt of ₹132 Cr against shareholder equity of ₹449 Cr as of Jun 2026, so its debt is 0.29× its equity, which is very little. Year by year, that ratio went from 0.44 in FY22 to 0.29 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the Dharmaj Crop Guard shareholding pattern? Foreign institutions cut their stake in Dharmaj Crop Guard Ltd by 1.3 percentage points over 8 quarters, the biggest change among its owners. Foreign institutions now own 3.1% of the company. Domestic institutions moved +0.4 points over the same period, to 0.5%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Foreign institutions: −1.3 points over 8 quarters, to 3.1%; Domestic institutions: +0.4 points over 8 quarters, to 0.5%; Promoters: +0.0 points over 8 quarters, to 70.4%. Why the owners changed: foreign institutions drove it (−1.3 points). They reduced their stake. ## How far is Dharmaj Crop Guard from balance-sheet trouble? For Dharmaj Crop Guard Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Dharmaj Crop Guard rank in its industry? 63.2 out of 100, rank 5 of 25 in Pesticides/Agrochemicals, with 81% of the evidence available. Dharmaj Crop Guard Ltd scores 63.2 out of 100 against the 25 companies it is compared with in Pesticides/Agrochemicals, ranking 5. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 18.8 + 14.7 + 17.5 + 12.2 = 63.2. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Dharmaj Crop Guard compared with? Dharmaj Crop Guard ranks 5 of 25 Pesticides/Agrochemicals companies on the 4-Factor Sector Score, with 63.2 out of 100. 1. [Sharda Cropchem Ltd](https://www.sectoralpha.in/stocks/sharda-cropchem-ltd) SHARDACROP · basing · Most evidence points up · 100% evidence 71.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.5/35 · Revenue 17.3% · Profit 42.5% · Operating margin change 2 points · 100% evidence Capital efficiency 19.5/25 · ROCE 30.2% · Operating margin 16% · 100% evidence Valuation 19.2/20 · P/E 9.3× · PEG 0.3 · 100% evidence Relative strength 4.6/20 · Lead over its industry -14.3% · Lead over NIFTY 500 -22.1% · 1 year -23.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 28.5 + 19.5 + 19.2 + 4.6 = 71.8 · What this means: Earnings are strong; relative strength in its sector is -14.3% and the one-year return is -23.1%. 2. [Titan Biotech Ltd](https://www.sectoralpha.in/stocks/titan-biotech-ltd) turning · Most evidence points up · 83% evidence 70.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.1/35 · Revenue 31.8% · Profit 38.7% · Operating margin change 2 points · 83% evidence Capital efficiency 20.2/25 · ROCE 22.8% · Operating margin 21% · 95% evidence Valuation 5.4/20 · P/E 51.8× · PEG n/a · 50% evidence Relative strength 16.7/20 · Lead over its industry 38.3% · Lead over NIFTY 500 25.1% · 1 year 101.5% · 100% evidence · 4 of 12 weeks ahead Exact sum: 28.1 + 20.2 + 5.4 + 16.7 = 70.4 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 3. [Bayer CropScience Ltd](https://www.sectoralpha.in/stocks/bayer-cropscience-ltd) BAYERCROP · quiet · Evidence leans up · 81% evidence 63.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.3/35 · Revenue -2.8% · Profit 23.8% · Operating margin change 2 points · 88% evidence Capital efficiency 19.6/25 · ROCE 29.1% · Operating margin 20% · 100% evidence Valuation 13.4/20 · P/E 20× · PEG 1.28 · 100% evidence Relative strength 8.6/20 · Lead over its industry n/a · Lead over NIFTY 500 -20.8% · 1 year -33.3% · 25% evidence · 0 of 12 weeks ahead Exact sum: 22.3 + 19.6 + 13.4 + 8.6 = 63.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Punjab Chemicals & Crop Protection Ltd](https://www.sectoralpha.in/stocks/punjab-chemicals-crop-protection-ltd) PUNJABCHEM · quiet · Evidence leans up · 81% evidence 63.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.3/35 · Revenue 8.2% · Profit 43.5% · Operating margin change 1 points · 88% evidence Capital efficiency 13.6/25 · ROCE 18.6% · Operating margin 12% · 100% evidence Valuation 15.9/20 · P/E 17.4× · PEG 0.33 · 100% evidence Relative strength 9.8/20 · Lead over its industry n/a · Lead over NIFTY 500 -9.4% · 1 year -36.4% · 25% evidence · 6 of 12 weeks ahead Exact sum: 24.3 + 13.6 + 15.9 + 9.8 = 63.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. Dharmaj Crop Guard Ltd this page DHARMAJ · losing its lead · Evidence leans up · 81% evidence 63.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.8/35 · Revenue 8.7% · Profit 13.2% · Operating margin change 1 points · 88% evidence Capital efficiency 14.7/25 · ROCE 16.8% · Operating margin 15% · 100% evidence Valuation 17.5/20 · P/E 14.3× · PEG 0.38 · 100% evidence Relative strength 12.2/20 · Lead over its industry n/a · Lead over NIFTY 500 4.7% · 1 year -9.9% · 25% evidence · 3 of 12 weeks ahead Exact sum: 18.8 + 14.7 + 17.5 + 12.2 = 63.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [India Pesticides Ltd](https://www.sectoralpha.in/stocks/india-pesticides-ltd) IPL · quiet · Evidence leans up · 81% evidence 59.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.6/35 · Revenue 17% · Profit 10.1% · Operating margin change -2 points · 88% evidence Capital efficiency 15.4/25 · ROCE 16.6% · Operating margin 14% · 100% evidence Valuation 18.2/20 · P/E 12× · PEG 0.36 · 100% evidence Relative strength 8.2/20 · Lead over its industry n/a · Lead over NIFTY 500 -23% · 1 year -40.7% · 25% evidence · 0 of 12 weeks ahead Exact sum: 17.6 + 15.4 + 18.2 + 8.2 = 59.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Advance Agrolife Ltd](https://www.sectoralpha.in/stocks/advance-agrolife-ltd) ADVANCE · breaking out · Evidence leans up · 64% evidence 58.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.1/35 · Revenue 48.4% · Profit 81.5% · Operating margin change 1 points · 88% evidence Capital efficiency 14.1/25 · ROCE 19.6% · Operating margin 11% · 100% evidence Valuation 10.3/20 · P/E 16.3× · PEG n/a · 15% evidence Relative strength 12.4/20 · Lead over its industry n/a · Lead over NIFTY 500 10.6% · 1 year -8.6% · 25% evidence · 12 of 12 weeks ahead Exact sum: 22.1 + 14.1 + 10.3 + 12.4 = 58.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Dhanuka Agritech Ltd](https://www.sectoralpha.in/stocks/dhanuka-agritech-ltd) DHANUKA · turning · Evidence leans up · 100% evidence 57.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 10.8/35 · Revenue 0% · Profit 0.7% · Operating margin change 0 points · 100% evidence Capital efficiency 19.6/25 · ROCE 25.9% · Operating margin 23% · 100% evidence Valuation 9.2/20 · P/E 14.4× · PEG 2.27 · 100% evidence Relative strength 17.4/20 · Lead over its industry 7.1% · Lead over NIFTY 500 -2.8% · 1 year -28.7% · 100% evidence · 0 of 12 weeks ahead Exact sum: 10.8 + 19.6 + 9.2 + 17.4 = 57 · What this means: Relative strength against the index is -2.8%, and revenue and profit growth are weak. 9. [Jubilant Ingrevia Ltd](https://www.sectoralpha.in/stocks/jubilant-ingrevia-ltd) JUBLINGREA · quiet · Evidence leans up · 93% evidence 54.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.0/35 · Revenue 15.4% · Profit 21.9% · Operating margin change 3 points · 100% evidence Capital efficiency 13.6/25 · ROCE 11.4% · Operating margin 15% · 100% evidence Valuation 6.7/20 · P/E 24.7× · PEG 2.26 · 65% evidence Relative strength 8.4/20 · Lead over its industry -2.6% · Lead over NIFTY 500 -11.7% · 1 year -19.1% · 100% evidence · 3 of 12 weeks ahead Exact sum: 26 + 13.6 + 6.7 + 8.4 = 54.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [Meghmani Organics Ltd](https://www.sectoralpha.in/stocks/meghmani-organics-ltd) MOL · breaking out · Evidence leans up · 64% evidence 52.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.0/35 · Revenue -7.8% · Profit 100% · Operating margin change 7 points · 88% evidence Capital efficiency 9.5/25 · ROCE 6.7% · Operating margin 18% · 100% evidence Valuation 9.6/20 · P/E 20.8× · PEG n/a · 15% evidence Relative strength 11.0/20 · Lead over its industry n/a · Lead over NIFTY 500 -0.5% · 1 year -35% · 25% evidence · 11 of 12 weeks ahead Exact sum: 22 + 9.5 + 9.6 + 11 = 52.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [GSP Crop Science Ltd](https://www.sectoralpha.in/stocks/gsp-crop-science-ltd) GSPCROP · quiet · Too little evidence to rank firmly · 59% evidence 51.0 out of 100 Growth Capital Valuation Relative
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24. [Astec Lifesciences Ltd](https://www.sectoralpha.in/stocks/astec-lifesciences-ltd) ASTEC · quiet · Most evidence points down · 71% evidence 32.7 out of 100 Growth Capital Valuation Relative
25. [Heranba Industries Ltd](https://www.sectoralpha.in/stocks/heranba-industries-ltd) HERANBA · quiet · Most evidence points down · 76% evidence 29.9 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Pesticides/Agrochemicals](https://www.sectoralpha.in/sectors/pesticides-agrochemicals), all 25 compared on one page. ## Which companies are close to Dharmaj Crop Guard in size? Dharmaj Crop Guard is the 21st largest of 25 Pesticides/Agrochemicals companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Astec Lifesciences, Punjab Chemicals & Crop Protection and Excel Industries. Just below it: Advance Agrolife, Heranba Industries and Best Agrolife. ### Pesticides/Agrochemicals companies close in size

1. [Astec Lifesciences Ltd](https://www.sectoralpha.in/stocks/astec-lifesciences-ltd) ₹1,216 crore
2. [Punjab Chemicals & Crop Protection Ltd](https://www.sectoralpha.in/stocks/punjab-chemicals-crop-protection-ltd) ₹1,166 crore
3. [Excel Industries Ltd](https://www.sectoralpha.in/stocks/excel-industries-ltd) ₹1,074 crore
4. Dharmaj Crop Guard Ltd ₹862 crore
5. [Advance Agrolife Ltd](https://www.sectoralpha.in/stocks/advance-agrolife-ltd) ₹797 crore
6. [Heranba Industries Ltd](https://www.sectoralpha.in/stocks/heranba-industries-ltd) ₹580 crore
7. [Best Agrolife Ltd](https://www.sectoralpha.in/stocks/best-agrolife-ltd) ₹496 crore

[All 25 Pesticides/Agrochemicals companies, largest first](https://www.sectoralpha.in/sectors/pesticides-agrochemicals#all-companies)

### Companies close in size in other industries

1. [Indo Amines Ltd](https://www.sectoralpha.in/stocks/indo-amines-ltd) ₹865 crore · Chemicals - Organic
2. [Valiant Organics Ltd](https://www.sectoralpha.in/stocks/valiant-organics-ltd) ₹864 crore · Chemicals - Organic
3. Dharmaj Crop Guard Ltd ₹862 crore
4. [One Global Service Provider Ltd](https://www.sectoralpha.in/stocks/one-global-service-provider-ltd) ₹858 crore · Diagnostics
5. [Sudarshan Colorants India Ltd](https://www.sectoralpha.in/stocks/sudarshan-colorants-india-ltd) ₹857 crore · Dyes & Pigments

## What else do people ask about Dharmaj Crop Guard? ### What is Dharmaj Crop Guard's share price today? Dharmaj Crop Guard Ltd's share price is ₹249.05, −12.0% over the past year. The whole company is worth ₹842 Cr on the market. In the last 52 weeks it traded between ₹228 to ₹295; today it is 32% of the way up from the low, 6.1% below its 200-day average (as of 3 November 2026). ### What were Dharmaj Crop Guard's latest quarterly results? Dharmaj Crop Guard Ltd reported revenue of ₹384 Cr and net profit of ₹38.0 Cr for the Jun 2026 quarter. Revenue rose 4.6% and profit rose 15.2% compared with a year earlier. Earnings per share were ₹11.26. The operating margin was 15.0%, 1.0 percentage points higher than a year earlier (as of 3 November 2026). ### What is Dharmaj Crop Guard's market cap? Dharmaj Crop Guard Ltd's market capitalisation is ₹842 Cr at a share price of ₹249.05. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Dharmaj Crop Guard performing? Dharmaj Crop Guard Ltd's share price has been rising for 8 weeks. In its latest quarter, revenue rose 4.6% and profit rose 15.2% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 1 week running (as of 3 November 2026). ### Will Dharmaj Crop Guard's share price go up? This page does not forecast Dharmaj Crop Guard Ltd's share price. What it shows instead: the share price is ₹249.05, and it has been rising for 8 weeks. Its P/E of 14.0× is higher than 0% of its own last 4 years (as of 3 November 2026). ### Who owns Dharmaj Crop Guard? Promoters own 70.4% of Dharmaj Crop Guard Ltd, foreign institutions 3.1%, domestic institutions 0.5% and the public 26.0% (latest quarter). The biggest change over the last two years: Foreign institutions cut their stake by 1.3 percentage points over 8 quarters (as of 3 November 2026). ### Where is Dharmaj Crop Guard in its business cycle? Dharmaj Crop Guard Ltd's FY26 operating margin was 9.0%, against a 8-year range of 8.0% to 11.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 15.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Dharmaj Crop Guard story? The main question: profits are rising, but only 55% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Dharmaj Crop Guard a stock worth studying right now? What the numbers show: Dharmaj Crop Guard Ltd's results are improving, while its P/E is near the low end of its own history over 3.9 years, higher than only 0% of past readings. The main open question: whether the cash starts to follow the profit. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Dharmaj Crop Guard share price forecast for 2026? What management itself guided: FY27 revenue ₹1,200-1,250 crore. This is research, not advice. We’re not SEBI-registered.