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About the Company:
Founded: 2015
Dharmaj is an agrochemical company engaged in the business of manufacturing, distributing, and marketing a wide range of agrochemical formulations such as insecticides, fungicides, herbicides, plant growth regulators, micro fertilizers, and antibiotics to the B2C and B2B customers. Firm also engages in the marketing and distribution of agrochemical products under brands in-licensed by the firm, owned by the firm, and through generic brands, to Indian farmers through its distribution network. The company provides crop protection solutions to farmers to assist them to maximize productivity and profitability.
The firm exports its products to more than 20 countries in Latin America, East African Countries, the Middle East, and Far East Asia. Dharmaj sells its agrochemical products in granules, powder, and liquid forms to its customers.
The firm has over 150 trademark registrations including its branded products. The firm’s formulations are sold as branded products to customers. As of November 30, 2021, Dharmaj has exported its products to more than 60 customers across 20 countries.
Outstanding Litigation:
S.No. | 1 - Company | 2 - Directors | 3 - Promoters | |||
Entity Name | By the Company | Against the Company | By the Director | Against the Director | By the Promoter | Against the Promoter |
Criminal cases | 1 | 1 | - | - | - | - |
Material civil cases | 2 | 2 | - | - | - | - |
Taxation matters | - | - | - | - | - | - |
Regulatory Procedings | - | 1 | - | - | - | - |
Financial Statements:
Income Statement (In Millions) | Apr'21-Oct'21 | FY21 | FY20 | FY19 | |
Gross Operating Income | 2,281.54 | 3,035.65 | 1,991.65 | 1,399.52 | |
Cost of Employee Benefit | 88.11 | 120.07 | 82.04 | 61.36 | |
Other Expenses | 1,988.57 | 2,713.53 | 1,802.90 | 1,288.60 | |
EBITDA | 292.97 | 322.13 | 188.75 | 110.93 | |
Depreciation | 29.58 | 26.01 | 21.76 | 20.22 | |
Interest | 13.63 | 14.19 | 22.37 | 20.77 | |
Profit Before Tax | 249.76 | 281.93 | 144.62 | 69.94 | |
Tax | 63.09 | 72.32 | 37.03 | 19.7 | |
Profit After Tax | 186.67 | 209.15 | 107.34 | 50.22 |
Rameshbhai Ravajibhai Talavia,
• Rallis India • India Pesticides • Punjab Chemical & Crop Protection • Bharat Rasayan • Astec Lifesciences • Heranba Industries
Dharmaj Crop Guard will not receive any proceeds from the sale of 1,483,000 Equity Shares by its promoters.
Net proceeds from the sale of shares worth Rs216 crores will be utilized for: • Rs.105 crores will be utilized for funding capital expenditure towards setting up a manufacturing facility at Saykha Bharuch, Gujarat • Rs.45 crores for funding incremental working capital requirements • Rs.10 crores for the repayment or prepayment of borrowings • general corporate purposes