Dharmaj Crop Guard Limited has informed the Exchange about Investor Presentation
DHARMAJ · price
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Dharmaj Crop Guard reported FY26 revenue of ₹11,380 Mn, up 20% YOY, with EBITDA at ₹1,005 Mn (34% YOY growth) and PAT at ₹547 Mn (57% YOY growth). Gross margins improved by ~1 percentage point for the full year. Q4FY26 revenue grew 11% YOY to ₹2,338 Mn with EBITDA margins recovering to 5% from 2% in Q4FY25, driven by better contribution margins. The company achieved break-even at its Technicals unit (Sayakha facility, commissioned Jan 2024) as a key FY26 objective. Management flagged that West Asia crisis-driven input cost pressures have emerged since March 2026, prompting proactive inventory building ahead of the Kharif season. A new dedicated Herbicides facility at the Kerala GIDC site is on track for commissioning by Q3FY27.
Strong profitability recovery in FY26 with margin expansion across gross, EBITDA, and PAT levels, though Q4 margins remain thin at 5% EBITDA. Working capital is stretched due to inventory buildup, which could weigh on cash flows near-term. The Technicals unit break-even removes a key overhang, and the upcoming herbicides plant strengthens long-term growth prospects.