Dharmaj Crop Guard Ltd Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 14 Jun 2026 | Fertilizers & Agrochemicals | Market Cap: ₹915 Cr
Overall top-line growth expected at 18% to 20% in FY’27. Revenue Growth:** Expected overall top-line growth of 18% to 20% in FY’27.
From Dharmaj Crop Guard Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Price
₹270
Market Cap
₹915 Cr
P/E Ratio
16.7
Revenue Rank
Margin Rank
How does Dharmaj Crop Guard Ltd rank in Fertilizers & Agrochemicals?
Compare Dharmaj Crop Guard Ltd against every Fertilizers & Agrochemicals company this quarter on revenue, margins and earnings-call signals.
Dharmaj Crop Guard Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹234 Cr, net profit ₹4 Cr.
Full financials →📊 Revenue & Sales Performance
Rank 2- →Overall top-line growth expected at 18% to 20% in FY’27.
- →Branded formulations projected to grow 20% to 25% going forward, with recovery expected as seasonal headwinds normalize.
- →Domestic institutional formulations showed healthy 15% year-on-year growth; momentum to continue.
- →Growth driven by increased capacity utilization, improved product mix, and greater capacity consumption of active ingredients in formulations.
- →New state expansions ongoing; contribution from new states increased from 7% to 14%.
- →Marketing efforts enhanced with brand ambassador Rohit Sharma to boost visibility and sales.
- →Exports expected to improve with ongoing registrations in new countries; export margin at 10-12% EBITDA.
- →Technical plant capacity utilization targeted to improve from 65-70% to about 75% next year, supporting 15-20% growth in technicals.
- →New dedicated herbicide facility to be commissioned in Q3 FY’27 to support herbicide portfolio growth.
📈 Profitability & Margins
Rank 2- →**Revenue Growth:** Expected overall top-line growth of 18% to 20% in FY’27.
- →**Branded Formulation:** Branded formulation growth projected at 20% to 25% as seasonal headwinds normalize.
- →**Technical Plant:** Capacity utilization to increase to ~75% next year with expected growth of 15%-20% in this vertical. EBITDA margin at technical plant expected to improve by 0.5%-0.75% annually, potentially reaching 8%-10% EBITDA by FY’27.
- →**EBITDA Margin:** Overall EBITDA margin expected to improve by 0.5% to 0.75% in FY’27 from current 9%.
- →**CAPEX:** Planned CAPEX around Rs. 50 crores to support 3-year growth trajectory, including commissioning of new herbicide facility expected end of Q3 FY’27.
- →**Profitability:** Achieved PBT breakeven at technical plant; net profit grew 57% YoY in FY’26, indicating strong earnings momentum.
🏗️ Capital Expenditure Plans
Yes- →Dharmaj Crop Guard Limited plans a CAPEX of around Rs. 50 crores for the current year (FY’27).
- →The CAPEX is focused on separating the herbicide formulation facility to a new location near the existing plant due to space constraints.
- →The existing herbicide production will shift to this new dedicated plant, enabling capacity expansion and better material movement.
- →The current herbicide unit will be converted into insecticide and fungicide production to support major formulation growth (~75% of business).
- →The new herbicide facility is expected to be ready and commercialized by the third quarter of FY’27, benefiting the upcoming Kharif season.
- →This investment will support 18%-20% growth in the next 2-3 years and ease capacity bottlenecks.
- →The CAPEX will drive long-term growth and help achieve double-digit EBITDA margins in formulations.
💰 Fundraising & Capital Structure
No information- →There is no mention of any current or planned new fundraising through debt or equity in the transcript.
- →The company maintains a healthy balance sheet with gross debt-to-equity ratio stable at 0.29x as of March 31, 2026.
- →Long-term borrowings have reduced from Rs. 641 million to Rs. 510 million, while short-term working capital borrowings increased due to inventory buildup.
- →The company plans a CAPEX of Rs. 50 crores in the current year for capacity expansion and facility improvement.
- →No indication of raising funds through equity or new long-term debt was discussed during the call.
📋 Order Book & Pipeline
No informationKey Metrics
Revenue
Margin
Capex
Fundraise
Order Book
Frequently Asked Questions
What were Dharmaj Crop Guard Ltd Q4 FY26 results?
Overall top-line growth expected at 18% to 20% in FY’27. Revenue Growth:** Expected overall top-line growth of 18% to 20% in FY’27.
What is Dharmaj Crop Guard Ltd share price analysis?
Dharmaj Crop Guard Ltd currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 16.7 with a market cap of ₹915 Cr. Investors should review the full earnings analysis for detailed insights.
Is Dharmaj Crop Guard Ltd planning capital expenditure?
Dharmaj Crop Guard Limited plans a CAPEX of around Rs.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.