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Definitive Analysis

Financial Statements

Periods / Units / Analysis

Ticker

Industry

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Page: Company Financials

Dharmaj Crop Guard Limited

Ticker: DHARMAJ.BO | Industry: Agricultural Inputs | Sector: Basic Materials
$225.05 -9.95 (-4.23%)
As of: 2026-01-28

Master Data Export


Enterprise Value

Metric 2025 2024 2023 2022
Stock Price 253.05 270.92 197.64 249.60
Market Capitalization 8,543.02M 9,148.97M 6,457.64M 6,617.03M
(-) Cash & Equivalents 1.14M 16.99M 0.00M 4.74M
(+) Total Debt 577.78M 621.50M 312.30M 221.23M
Enterprise Value 9,119.66M 9,753.49M 6,769.94M 6,833.52M

Income Statement

Metric TTM TTM-1 2025-03-31 2024-03-31 2023-03-31 2022-03-31 2021-03-31 2020-03-31 2019-03-31 2018-03-31
Revenue 10,631M 7,474M 9,510M 6,527M 5,225M 3,918M 2,972M 1,929M 1,358M 634M
Cost of Revenue 8,257M 6,259M 7,444M 5,218M 4,320M 3,149M 2,394M 1,656M 1,186M 466M
Gross Profit 2,375M 1,216M 2,067M 1,308M 905M 769M 578M 272M 172M 168M
Gross Profit Margin 22.3% 16.3% 21.7% 20.0% 17.3% 19.6% 19.4% 14.1% 12.7% 26.5%
R&D Expenses 0M 0M 0M 0M 0M 0M 0M 0M 3M 0M
SG&A Expenses 208M 618M 851M 129M 112M 86M 77M 56M 85M 76M
Operating Expenses 1,574M 618M 1,502M 773M 467M 162M 321M 415M 89M 126M
Operating Income (EBIT) 801M 598M 565M 535M 438M 606M 257M -142M 83M 42M
Operating Income Margin 7.5% 8.0% 5.9% 8.2% 8.4% 15.5% 8.6% -7.4% 6.1% 6.6%
Interest Income 0M 0M 0M 22M 28M 1M 1M 1M 0M 0M
Interest Expense 133M 55M 129M 32M 23M 26M 14M 22M 21M 15M
Net Interest Income -133M -55M -129M -10M 4M -25M -14M -22M -21M -15M
Unusual Items 25M 39M 22M 50M -60M -196M 39M 309M 8M 0M
EBT Excluding Unusual Items 667M 543M 436M 525M 442M 581M 243M -164M 62M 27M
Pre-Tax Income 693M 582M 458M 575M 382M 385M 282M 145M 70M 27M
Pre-Tax Margin 6.5% 7.8% 4.8% 8.8% 7.3% 9.8% 9.5% 7.5% 5.2% 4.3%
Income Tax Expense 169M 132M 109M 131M 114M 98M 72M 37M 20M 8M
Net Income 523M 449M 348M 444M 269M 287M 210M 108M 50M 20M
Net Income Margin 4.9% 6.0% 3.7% 6.8% 5.1% 7.3% 7.1% 5.6% 3.7% 3.1%
Depreciation & Amortization 185M 86M 183M 54M 51M 53M 27M 22M 21M 18M
EBITDA 986M 684M 748M 590M 488M 660M 284M -121M 103M 60M
EBITDA Margin 9.3% 9.1% 7.9% 9.0% 9.3% 16.8% 9.5% -6.3% 7.6% 9.4%
NOPAT 605M 462M 430M 413M 308M 451M 191M -106M 59M 30M
NOPAT Margin 5.7% 6.2% 4.5% 6.3% 5.9% 11.5% 6.4% -5.5% 4.4% 4.8%
Owner's Earnings 708M 536M 210M -1,401M -372M 104M 45M -17M 39M 11M
Owner's Earnings Margin 6.7% 7.2% 2.2% -21.5% -7.1% 2.6% 1.5% -0.9% 2.9% 1.7%
EPS (Basic) 15.48 13.86 10.34 13.13 9.76 11.62 8.49 3.18 25.11 6.57
EPS (Diluted) 15.51 13.30 10.34 13.13 9.76 11.62 12.74 5.20 25.11 6.57
Shares (Basic) 34M 34M 34M 34M 28M 34M 25M 21M 2M 3M
Shares (Diluted) 34M 34M 34M 34M 28M 25M 16M 21M 2M 3M

Balance Sheet

Metric MRQ MRQ-1 2025-03-31 2024-03-31 2023-03-31 2022-03-31 2021-03-31 2020-03-31 2019-03-31 2018-03-31
Cash & Cash Equivalents 0.00M 2.27M 2.27M 29.99M 4.23M 9.52M 9.53M 2.99M 8.38M 10.91M
Short-Term Investments 32.05M 30.45M 30.45M 0.00M 1,250.25M 0.00M 0.00M 0.00M 0.00M 0.00M
Cash & Short-Term Investments 32.05M 32.72M 32.72M 29.99M 1,254.48M 9.52M 9.53M 2.99M 8.38M 10.91M
Net Receivables 0.00M 2,484.48M 2,484.48M 1,192.34M 26.66M 867.55M 368.08M 333.29M 169.62M 68.78M
Inventory 0.00M 1,384.92M 1,384.92M 933.82M 728.58M 628.78M 435.75M 276.11M 152.50M 124.80M
Other Current Assets -32.05M 209.68M 209.68M 277.90M 752.52M 28.57M 14.17M 2.68M 1.41M 21.55M
Total Current Assets 0.00M 4,111.80M 4,111.80M 2,434.05M 2,762.24M 1,534.42M 827.53M 615.07M 331.91M 226.04M
Property, Plant & Equipment 0.00M 3,110.95M 3,110.95M 3,104.32M 1,361.66M 565.86M 398.12M 240.10M 115.54M 105.32M
Goodwill 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Intangible Assets 0.00M 63.66M 63.66M 40.65M 30.10M 18.72M 4.21M 1.21M 1.07M 1.09M
Long-Term Investments 0.00M 8.59M 8.59M 0.08M 6.86M 9.89M 5.00M 9.12M 9.82M 0.00M
Tax Assets 0.00M 0.00M 0.00M 0.00M 29.78M 2.30M 0.00M 0.00M 1.20M 0.00M
Other Non-Current Assets 0.00M 39.14M 39.14M 44.25M 5.36M 60.74M 51.05M 58.60M 15.91M 1.76M
Other Assets 0.00M 0.00M 0.00M 0.00M 0.00M -0.01M -0.01M 0.00M 0.00M 0.00M
Total Non-Current Assets 0.00M 3,222.34M 3,222.34M 3,189.30M 1,433.76M 657.50M 458.37M 309.03M 143.54M 108.17M
Total Assets 0.00M 7,334.14M 7,334.14M 5,623.35M 4,196.00M 2,191.92M 1,285.90M 924.10M 475.45M 334.22M
Accounts Payable 0.00M 1,956.18M 1,956.18M 674.39M 365.33M 365.33M 391.27M 332.04M 128.93M 81.00M
Short-Term Debt 0.00M 514.41M 514.41M 357.77M 189.03M 116.12M 116.78M 150.55M 31.56M 30.12M
Tax Payables 0.00M 0.00M 0.00M 0.00M 6.03M 7.76M 6.32M 4.22M 1.55M 0.00M
Deferred Revenue 0.00M 0.00M 0.00M 0.00M 0.00M 28.16M 0.00M 19.27M 0.00M 0.00M
Other Current Liabilities 0.00M 215.83M 215.83M 163.29M 73.49M 8.44M 41.40M 19.27M 27.35M 8.14M
Total Current Liabilities 0.00M 2,686.42M 2,686.42M 1,195.45M 633.88M 525.81M 555.77M 525.35M 189.39M 119.26M
Long-Term Debt 0.00M 641.14M 641.14M 761.10M 335.14M 253.16M 152.45M 51.23M 171.90M 149.08M
Capital Lease Obligations 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Deferred Tax Liabilities 0.00M 44.50M 44.50M 0.00M 0.00M 0.00M 0.23M 0.00M 0.00M 0.00M
Other Non-Current Liabilities -3,944.11M 17.97M 17.97M 20.63M 5.80M 26.49M 20.29M 14.18M 9.53M 5.45M
Total Non-Current Liabilities -3,944.11M 703.61M 703.61M 781.73M 340.94M 279.65M 172.97M 65.41M 181.43M 154.53M
Total Liabilities -3,944.11M 3,390.03M 3,390.03M 1,977.18M 974.82M 805.46M 728.74M 590.76M 370.82M 273.80M
Preferred Stock 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.01M 0.00M 0.00M 0.00M
Common Stock 0.00M 337.97M 337.97M 337.97M 337.97M 246.83M 164.56M 164.56M 20.00M 20.00M
Retained Earnings 0.00M 1,660.69M 1,660.69M 1,310.26M 868.37M 602.35M 321.74M 112.59M 75.50M 25.37M
Accumulated OCI 3,944.11M 0.00M 0.00M 0.00M 0.00M 0.00M -0.01M 0.00M 0.00M 0.00M
Minority Interest 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Shareholders’ Equity 3,944.11M 1,998.66M 1,998.66M 1,648.23M 1,206.34M 849.18M 486.30M 277.15M 95.50M 45.37M
Total Equity 3,944.11M 1,998.66M 1,998.66M 1,648.23M 1,206.34M 849.18M 486.30M 277.15M 95.50M 45.37M
Total Liabilities & Equity 0.00M 5,388.69M 5,388.69M 3,625.41M 2,181.16M 1,654.64M 1,215.04M 867.91M 466.32M 319.16M
Tangible Assets 0.00M 7,270.48M 7,270.48M 5,582.70M 4,165.90M 2,173.20M 1,281.69M 922.89M 474.38M 333.13M
Tangible Equity 3,944.11M 1,935.00M 1,935.00M 1,607.58M 1,176.24M 830.46M 482.09M 275.94M 94.43M 44.28M
Tangible Book Value 3,944.11M 1,935.00M 1,935.00M 1,607.58M 1,176.24M 830.46M 482.09M 275.94M 94.43M 44.28M
Total Investments 0.00M 39.04M 39.04M 0.08M 1,257.11M 9.89M 5.00M 9.12M 9.82M 0.00M
Net Debt 0.00M 1,153.28M 1,153.28M 1,088.88M 519.94M 359.76M 259.70M 198.79M 195.08M 168.29M

Capital Metrics

Metric MRQ MRQ-1 2025-03-31 2024-03-31 2023-03-31 2022-03-31 2021-03-31 2020-03-31 2019-03-31 2018-03-31
Working Capital 0.0M 1,425.4M 1,425.4M 1,186.1M 2,059.0M 471.3M 278.0M 110.7M 143.1M 101.5M
Total Capital 3,944.1M 5,099.7M 5,099.7M 4,712.6M 3,676.0M 1,218.5M 832.7M 556.1M 308.7M 234.3M
Capital Employed 0.0M 4,647.7M 4,647.7M 4,375.4M 3,492.7M 1,128.8M 736.4M 419.7M 286.7M 209.7M
Invested Capital 3,944.1M 5,097.4M 5,097.4M 4,682.6M 3,671.7M 1,208.9M 823.2M 553.1M 300.3M 223.4M

Cash Flow Statement

Metric TTM TTM-1 2025-03-31 2024-03-31 2023-03-31 2022-03-31 2021-03-31 2020-03-31 2019-03-31 2018-03-31
Net Income 523.43M 449.37M 457.57M 443.76M 382.22M 385.31M 281.93M 144.62M 50.22M 19.70M
Depreciation & Amortization 0.00M 0.00M 182.73M 54.36M 50.81M 52.71M 26.01M 21.76M 20.54M 17.76M
Deferred Income Tax 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Stock-Based Compensation 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Change in Working Capital 0.00M 0.00M -357.08M -458.80M -550.96M -197.79M -115.77M -130.50M -57.70M -90.81M
Accounts Receivable 0.00M 0.00M -1,322.67M -488.45M 91.15M -498.42M -33.64M -166.67M -90.65M -25.90M
Inventory 0.00M 0.00M -451.09M -205.24M -99.80M -193.03M -159.64M -123.61M -27.69M -56.27M
Accounts Payable 0.00M 0.00M 1,338.25M 354.57M -358.83M 523.25M 60.80M 204.09M 45.38M 0.00M
Other Working Capital 0.00M 0.00M 78.43M 234.90M -183.48M -29.59M 16.71M -44.31M 15.26M -8.65M
Other Non-Cash Items -523.43M -428.77M 103.58M 34.53M -119.23M -76.12M -63.34M -15.43M 12.50M 61.05M
Net Cash from Operating Activities 0.00M 22.04M 386.80M 73.85M -237.16M 164.11M 128.83M 20.45M 25.56M 7.70M
Capital Expenditures (PPE) 0.00M 0.00M -321.20M -1,899.11M -691.17M -236.52M -191.53M -146.47M -31.92M -26.95M
Acquisitions (Net) 0.00M 0.00M 20.50M 1.34M 1.47M 2.76M 10.11M 0.00M 0.00M 0.00M
Purchases of Investments 0.00M 0.00M -30.07M -2.98M -1,245.25M -4.89M 0.00M 0.00M -9.12M 0.00M
Sales / Maturities of Investments 0.00M 0.00M 0.00M 1,254.77M 0.12M 0.00M 4.12M 0.00M 0.00M 0.00M
Other Investing Activities 0.00M 0.00M 1.76M 25.73M 25.06M 0.00M -0.01M 0.00M 1.50M 6.76M
Net Cash from Investing Activities 0.00M 0.00M -329.01M -620.25M -1,909.77M -238.65M -177.31M -146.47M -39.54M -20.20M
Net Debt Issuance 0.00M 0.00M 35.40M 594.71M 154.88M 95.23M 65.04M -11.27M 11.45M 4.32M
Long-Term Debt Issuance 0.00M 0.00M -113.78M 611.75M 46.65M 89.91M 130.08M -125.15M 11.23M 4.32M
Short-Term Debt Issuance 0.00M 0.00M 149.18M -17.04M 108.23M 5.32M -65.04M 113.88M 0.22M 0.00M
Net Stock Issuance 0.00M 0.00M 0.00M 0.00M 2,159.53M 0.00M 0.00M 141.70M 0.00M 0.00M
Common Stock Issuance 0.00M 0.00M 0.00M 0.00M 2,159.53M 0.00M 0.00M 141.70M 0.00M 0.00M
Common Stock Repurchased 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Preferred Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Dividends Paid 0.00M 0.00M 0.00M 0.00M -2.47M -1.65M 0.00M 0.00M 0.00M 0.00M
Common Dividends Paid 0.00M 0.00M 0.00M 0.00M -2.47M -1.65M 0.00M 0.00M 0.00M 0.00M
Preferred Dividends Paid 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Financing Activities 0.00M 0.00M -120.89M -22.56M -170.30M -19.05M -10.03M -9.81M -7.17M 15.26M
Net Cash from Financing Activities 0.00M 0.00M -85.49M 572.15M 2,141.64M 74.53M 55.01M 120.62M 4.28M 19.58M
Effect of FX on Cash 0.00M 0.00M -0.02M 0.01M 0.00M -5.00M 0.01M 0.01M 0.00M 3.83M
Net Change in Cash 0.00M 22.04M -27.72M 25.76M -5.29M -0.01M 6.54M -5.39M -2.53M 10.91M
Cash at Beginning of Period 0.00M 32.66M 29.99M 4.23M 9.52M 9.53M 2.99M 8.38M 10.91M 0.00M
Cash at End of Period 0.00M 59.59M 2.27M 29.99M 4.23M 9.52M 9.53M 2.99M 8.38M 10.91M
Operating Cash Flow 0.00M 22.04M 386.80M 73.85M -237.16M 164.11M 128.83M 20.45M 25.56M 7.70M
Capital Expenditure 0.00M 0.00M -321.20M -1,899.11M -691.17M -236.52M -191.53M -146.47M -31.92M -26.95M
Free Cash Flow 0.00M 22.04M 65.60M -1,825.26M -928.33M -72.41M -62.70M -126.02M -6.36M -19.25M

Free Cash Flow

Metric TTM TTM-1 2025-03-31 2024-03-31 2023-03-31 2022-03-31 2021-03-31 2020-03-31 2019-03-31 2018-03-31
EBITDA 2,351.45M 683.86M 1,398.40M 1,233.72M 844.23M 736.02M 527.50M 238.18M 103.58M 109.86M
(-) Tax Adjustment 574.79M 155.71M 334.10M 281.39M 250.96M 187.98M 135.31M 60.99M 29.20M 30.49M
(-) Change In Working Capital 0.00M 0.00M -357.08M -458.80M -550.96M -197.79M -115.77M -130.50M -57.70M -90.81M
(-) Capital Expenditure 0.00M 0.00M -321.20M -1,899.11M -691.17M -236.52M -191.53M -146.47M -31.92M -26.95M
Unlevered Free Cash Flow 1,776.66M 528.15M 1,100.18M -487.98M 453.06M 509.31M 316.43M 161.22M 100.16M 143.22M
(-) Net Interest Income After Taxes -100.72M -42.20M -98.16M -7.56M 3.11M -18.94M -10.10M -16.05M -14.73M -10.61M
Net Debt Issuance 0.00M 0.00M 35.40M 594.71M 154.88M 95.23M 65.04M -11.27M 11.45M 4.32M
Levered Free Cash Flow 1,877.39M 570.35M 1,233.74M 114.29M 604.83M 623.47M 391.57M 166.01M 126.34M 158.16M