Dharmaj Crop Guard to host virtual investor meet on September 28

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Reviewed by
Shriram SScanX News Team
Key Highlights
  • Dharmaj Crop Guard Limited to attend virtual investor meet on September 28, 2026
  • Event organized by Arihant Capital Markets Limited titled Bharat Connect Rising Stars 2026
  • Meeting scheduled from 3:00 pm to 4:00 pm in virtual mode
  • No unpublished price sensitive information will be disclosed during the session
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Dharmaj Crop Guard Limited will participate in a virtual investor conference on September 28, 2026. The company’s management officials are scheduled to attend the Bharat Connect Rising Stars 2026 event, organized by Arihant Capital Markets Limited.

The meeting is structured as a group session and will be conducted virtually from 3:00 pm to 4:00 pm. This engagement falls under the disclosure requirements of Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Meeting Details

The company confirmed that no unpublished price sensitive information will be shared during the interaction. Discussions will rely exclusively on financial and operational performance data already published in the investor presentation submitted to stock exchanges and available on the company website.

Parameter Details
Event Name Bharat Connect Conference: Rising Stars 2026
Organizer Arihant Capital Markets Limited
Date September 28, 2026
Time 3:00 pm to 4:00 pm
Mode Virtual Meeting
Type Group Meeting

Compliance and Disclosure

The company noted that the schedule is subject to change due to potential exigencies involving investors or the company itself. In compliance with Regulation 46(2) of the Listing Regulations, this information has been disclosed on the company’s investor relations webpage for public access.

Malvika Kapasi, Company Secretary and Compliance Officer, signed the intimation letter addressed to BSE Limited and National Stock Exchange of India Limited on September 23, 2026.

Historical Stock Returns for Dharmaj Crop Guard

1 Day5 Days1 Month6 Months1 Year5 Years
+6.21%+11.50%+10.78%+24.46%-9.92%+12.32%

How might the insights shared at the Bharat Connect Rising Stars conference influence analyst sentiment and price targets for Dharmaj Crop Guard in the upcoming quarter?

What specific operational metrics or growth strategies are likely to be emphasized by management to differentiate Dharmaj Crop Guard from larger agrochemical peers during the group session?

Could participation in this virtual investor event signal a broader strategic shift toward increased retail investor engagement and improved liquidity for the stock?

Dharmaj Crop Guard FY26 revenue up 20% to ₹11,380 mn; PAT jumps 57%

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Reviewed by
Anirudha BScanX News Team
Key Highlights
  • Dharmaj Crop Guard reported highest-ever FY26 revenue of ₹11,380 millions, up 20% YoY, with PAT rising 57% to ₹547 millions
  • EBITDA grew 34% to ₹1,005 millions; EBITDA margin improved to 9% and PAT margin to 5%
  • Active Ingredients unit at Saykha achieved profitability break-even as committed; Export Institutional revenue surged 58% to ₹834 millions
  • Net worth grew to ₹4,491 millions; debt-to-equity held at 0.29; ROCE improved to 18% and ROE to 12%
  • 12th AGM scheduled for September 24, 2026, to consider Mrs. Megha Joshi's appointment as Independent Director and reappointment of two Whole-Time Directors
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Dharmaj Crop Guard filed its Integrated Annual Report for FY26 on August 29, 2026, reporting its highest-ever revenue of ₹11,380 millions, a 20% rise over the prior year, with PAT climbing 57% to ₹547 millions.

The company's 12th Annual General Meeting is scheduled for September 24, 2026, at 11:30 a.m. through Video Conferencing/Other Audio-Visual Means. The meeting will ratify FY26 financial results and address key board appointments, including the appointment of Mrs. Megha Joshi as Independent Director and the reappointment of two Whole-Time Directors.

FY26 Financial Performance

Profitability growth significantly outpaced revenue expansion during the year. EBITDA rose 34% to ₹1,005 millions, with EBITDA margins improving to 9% from 8% in FY25. PAT margins expanded to 5% from 4%, while gross margins improved to 23%.

Metric FY26 FY25 YoY Change
Revenue from Operations (₹ mn) 11,380 9,510 +20%
EBITDA (₹ mn) 1,005 748 +34%
EBITDA Margin 9% 8% +97 bps
Profit After Tax (₹ mn) 547 348 +57%
PAT Margin 5% 4% +112 bps
Earnings Per Share (₹) 16.19 10.31 +57%

Return ratios improved meaningfully, with ROCE rising to 18% from 13% and ROE to 12% from 9%. Long-term borrowings reduced to ₹510 millions from ₹643 millions, while net worth grew to ₹4,491 millions. The debt-to-equity ratio held steady at 0.29.

Vertical-Wise Performance

Growth was broad-based across all four business verticals. Domestic Institutional Formulations, the largest vertical, grew 15% to ₹5,832 millions. Domestic Active Ingredients grew 37% to ₹2,734 millions as the Saykha plant operated ahead of internal utilisation targets. Export Institutional revenue rose 58% to ₹834 millions, marking a strong recovery after a difficult FY25. Branded Formulations grew 3% to ₹1,979 millions, bearing the brunt of erratic monsoon patterns and subdued Rabi demand.

Vertical FY26 Revenue (₹ mn) YoY Growth
Domestic Institutional Formulations 5,832 +15%
Domestic Active Ingredients 2,734 +37%
Branded Formulations 1,979 +3%
Export Institutional 834 +58%

The Active Ingredients unit at Saykha achieved profitability break-even in FY26, a stated objective for the year, driven by better capacity utilisation and a deliberate shift in product mix toward molecules with captive demand in the company's own formulations business.

Balance Sheet and Working Capital

In March 2026, management built additional raw material inventories to insulate the upcoming Kharif season amid the West Asia crisis. Closing inventory rose to ₹2,074 millions from ₹1,385 millions, and the cash conversion cycle extended to 87 days from 67 days. Short-term borrowings increased temporarily on account of this deliberate inventory build. The company holds a CARE A- / Stable / CARE A2+ credit rating as of February 2026.

Five-Year Financial Trend

The company has delivered a 5-year revenue CAGR of 30% and a 5-year PAT CAGR of 21% since FY22.

Fiscal Year Revenue (₹ mn) EBITDA (₹ mn) PAT (₹ mn)
FY22 3,942 443 287
FY23 5,243 411 269
FY24 6,541 629 444
FY25 9,510 748 348
FY26 11,380 1,005 547

Board Appointments and AGM Agenda

Shareholders will consider several resolutions at the September 24 AGM:

  • Appointment of Independent Director: Mrs. Megha Joshi, a Chartered Accountant with over 16 years of banking and credit appraisal experience including 15 years at State Bank of India, will be appointed as Independent Director for a five-year term commencing August 8, 2026.
  • Reappointment of Whole-Time Directors: Mr. Jamankumar H. Talavia and Mr. Jagdish R. Savaliya seek reappointment as Whole-Time Directors for a three-year term starting August 1, 2027.
  • Cost Auditor Remuneration: Ratification of ₹65,000 plus GST and out-of-pocket expenses payable to M/s. Dalwadi & Associates for FY27.
  • Rotation: Mr. Rameshbhai R. Talavia, Chairman & Managing Director, retires by rotation and offers himself for reappointment.

The proposed maximum monthly remuneration caps for the Whole-Time Directors are as follows:

Director Maximum Monthly Remuneration
Jamankumar H. Talavia ₹10,00,000
Jagdish R. Savaliya ₹8,00,000

Actual remuneration drawn in FY26 was ₹5.62 millions for Mr. Talavia and ₹3.19 millions for Mr. Savaliya.

Strategic Developments

During FY26, Dharmaj welcomed cricketer Rohit Sharma as brand ambassador, with campaigns live since March. Work commenced on a dedicated Herbicides Formulations Unit adjacent to the existing facility at Kerala GIDC, Ahmedabad, which will simultaneously release capacity for insecticides and fungicides at the existing plant. The company holds 657 total product registrations, including 123 export market registrations, with an additional 150 in the pipeline. The institutional franchise served more than 700 customers across 41 countries.

The Integrated Annual Report for FY26 is available on the company's website at www.dharmajcrop.com/investor/annual-reports/ .

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE00OQ01016/45cbb3dd-fde4-4e22-bb1a-01a2ecdec65e.pdf

Historical Stock Returns for Dharmaj Crop Guard

1 Day5 Days1 Month6 Months1 Year5 Years
+6.21%+11.50%+10.78%+24.46%-9.92%+12.32%

How will the deliberate inventory build-up and extended cash conversion cycle impact Dharmaj Crop Guard's working capital efficiency and liquidity in the upcoming Kharif season?

What is the expected timeline for the new Herbicides Formulations Unit to become operational, and how will it affect the company's capacity utilization for insecticides and fungicides?

Given the 58% surge in export institutional revenue, which specific international markets are driving this recovery, and what risks do geopolitical tensions pose to future export growth?

More News on Dharmaj Crop Guard

1 Year Returns:-9.92%