• The document is a regulatory filing containing the transcript of the Q4 & FY2026 Earnings Conference Call held on May 29, 2026, at 12:00 PM IST.
  • The purpose of the event was to discuss the company's Q4 and full-year FY2026 financial results and provide a business update.
  • Management participants included:
  • Mr. Rameshbhai Talavia - Chairman and Managing Director
  • Mr. Jamankumar Talavia - Whole Time Director
  • Mr. Vishal Domadia - Chief Executive Officer
  • Mr. Vikas Agarwal - Chief Financial Officer
  • The transcript was made available on the company's website at https://www.dharmajcrop.com/investor/investors-analyst-meet-conference-call/ as required by SEBI regulations.
  • The conference was moderated by TIL Advisors, with Mr. Sayam Pokharna facilitating the session.

Financial Highlights Discussed:

  • FY26 Revenue: ₹1138 crores (20% YoY growth)
  • Q4 FY26 Revenue: ₹234 crores (11% YoY growth)
  • FY26 EBITDA: ₹101 crores (34% YoY growth)
  • FY26 Net Profit: ₹55 crores (57% YoY growth)
  • EBITDA Margin: 9% (vs 8% in FY25)
  • Return on Capital Employed: 18% (vs 13% in FY25)
  • Return on Equity: 12% (vs 9% in FY25)
  • Technical plant achieved PBT-level break-even
  • Gross debt-to-equity ratio: 0.29x
  • Net worth: ₹4491 million (vs ₹3944 million last year)

Business Segment Performance:

  • Domestic institutional segment: 15% YoY growth in FY26
  • Branded formulation vertical: 3% growth in FY26 (muted due to erratic monsoon)
  • Domestic active ingredient business: 37% YoY growth in FY26
  • Technical plant capacity utilization: 65-70%

Forward-looking Statements & Guidance:

  • FY27 growth outlook: 18-20% overall top-line growth
  • New dedicated herbicide facility expected to be commissioned in Q3 FY27
  • FY27 CAPEX guidance: ₹50 crores
  • Expected EBITDA margin improvement: 0.5-0.75% in FY27

Operational Updates:

  • Significant inventory build to ₹2074 million (from ₹1385 million last year) to secure raw materials amid West Asia crisis
  • Cash conversion cycle extended to 87 days (from 67 days) due to inventory build
  • Rohit Sharma appointed as brand ambassador for marketing campaigns
  • Expansion into new states including Tamil Nadu and North India

Additional Notes Section

  • The document includes the complete transcript of the earnings conference call with Q&A session.
  • The company indicated that the Investor Presentation and Press Release were already uploaded on stock exchanges and the company's website.
  • The transcript contains detailed financial data and management commentary on business performance.