Dharmaj Crop Guard (DHARMAJ) — Financial Results

Dharmaj Crop Guard reported FY26 revenue of ₹1,138 crores (+20% YoY) and net profit of ₹55 crores (+57% YoY), driven by 37% growth in active ingredients and strong technical plant performance. Q4 revenue reached ₹234 crores (+11% YoY) with EBITDA at ₹101 crores (+34% YoY). Management expects 18-20% revenue growth in FY27, targeting EBITDA margin expansion to 8-10% over 2-3 years, supported by a new herbicide facility in Kerala commissioning by Q3 FY27 and improved capacity utilization. Gross debt stands at 0.29x, with ROCE at 18% and ROE at 12%.

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About Dharmaj Crop Guard Limited (DHARMAJ)

Chemicals · Agro Chemicals · Listed on NSE

Market Cap: ₹909.15 Cr P/E: 15.1 ROE: 15.3% ROCE: 18.9%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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