Dharmaj Crop Guard FY26 Results: Record revenue of ₹11,380 mn, PAT at ₹547 mn
- Dharmaj Crop Guard reported record FY26 revenue of ₹11,380 million
- Net profit stood at ₹547 million with EBITDA of ₹1,005 million
- Saykha facility achieved break-even status during the fiscal year
- Company targets becoming a ₹2,000 crore entity by 2030

*this image is generated using AI for illustrative purposes only.
Dharmaj Crop Guard Limited reported its highest-ever revenue of ₹11,380 million for the financial year ended March 31, 2026. The agrochemical company disclosed these figures during its 12th Annual General Meeting held via video conferencing on September 24, 2026.
The company achieved a Profit After Tax (PAT) of ₹547 million and an EBITDA of approximately ₹1,005 million for FY26. Chairman Rameshbhai Ravajibhai Talavia highlighted growth across Formulations, Exports, and Active Ingredients segments. He specifically noted the achievement of break-even at the Saykha facility as a key operational milestone.
Strategic outlook and director appointments
The management reiterated its vision to transform into a ₹2,000 crore company by 2030. This growth trajectory is expected to be driven by Branded Formulations, Active Ingredients, and exports, supported by a focus on innovation and operational excellence.
The AGM agenda included several governance matters. Shareholders considered the re-appointment of Rameshbhai R. Talavia as a Director retiring by rotation. Additionally, proposals were tabled for the appointment of Megha Joshi as an Independent Director and the re-appointment of Jamankumar H. Talavia and Jagdish R. Savaliya as Whole-Time Directors. The meeting also covered the ratification of remuneration for Cost Auditors for FY27.
What the numbers show
The disclosure reveals a significant scale-up in top-line performance, with revenue reaching ₹11,380 million. When viewed alongside the EBITDA of ₹1,005 million, the implied operating margin stands at approximately 8.8%. The net profit of ₹547 million represents roughly 4.8% of total revenue. The achievement of break-even at the Saykha facility suggests that capacity expansion efforts are beginning to contribute positively to the bottom line, moving from capital-intensive setup phases to operational profitability.
Voting and compliance details
Voting on the resolutions was conducted through remote e-voting between September 21 and September 23, 2026, and electronic voting during the meeting. Parikh Dave & Associates was appointed as the Scrutinizer. The statutory auditors' report contained no qualifications or adverse remarks.
Historical Stock Returns for Dharmaj Crop Guard
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.48% | +11.56% | +11.31% | +30.67% | -6.30% | +12.86% |
How will the new Independent Director, Megha Joshi, influence Dharmaj Crop Guard's governance strategy as it scales toward its ₹2,000 crore target?
What specific capacity expansion plans are underway at the Saykha facility to support the projected revenue growth over the next four years?
How might global agrochemical supply chain shifts impact the export segment's contribution to the company's FY27 and beyond performance?
































