Press Release dated May 27,2026 is attached
DHARMAJ · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Dharmaj Crop Guard reported strong FY26 results with revenue of ₹11,380 million (up 20% YoY). Profitability improved significantly - EBITDA grew 34% to ₹1,005 million and Net Profit surged 57% to ₹547 million. Gross margins improved by 1% for the full year. Q4FY26 also showed strong momentum with PAT growing 263% YoY despite 11% revenue growth. The company successfully broke even at PBT level in its Technicals unit, a key strategic objective achieved through better capacity utilisation and improved product mix. Domestic Active Ingredients grew 37% YOY while Branded Formulations saw muted 3% growth due to lower pest attacks and higher channel inventories. Management secured additional inventories in March 2026 to protect supplies amid the West Asia crisis, which has stretched working capital but insulates production for the upcoming Kharif season. A new Herbicides facility is expected to commission by end of Q3FY27.
The stock should see positive sentiment given strong profitability growth outpacing revenue growth, indicating improving operational efficiency. Breaking even at the Technicals unit removes a key concern while higher inventory levels for Kharif season provide revenue visibility, though working capital pressure bears monitoring.