Dharmaj Crop Guard (BOM:543687) Gross Margin %: 21.17% (As of Mar. 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BOM:543687 Dharmaj Crop Guard Ltd BOM:543687
91 GF Score
Price ₹258.05
GF Value ₹412.36
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is Dharmaj Crop Guard Gross Margin %?

Dharmaj Crop Guard BOM:543687 +0.72% 91 Gross Margin % is 21.17% as of Mar. 2026, which is 4% above its 10-year median of 20.26. GuruFocus rates BOM:543687 with a GF Score™ of 91/100 and a GF Value™ of ₹412.36 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 245 Agriculture companies, Dharmaj Crop Guard ranks worse than 55.51% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Dharmaj Crop Guard's Gross Profit for the three months ended in Mar. 2026 was ₹495 Mil. Dharmaj Crop Guard's Revenue for the three months ended in Mar. 2026 was ₹2,338 Mil. Therefore, Dharmaj Crop Guard's Gross Margin % for the quarter that ended in Mar. 2026 was 21.17%.


The historical rank and industry rank for Dharmaj Crop Guard's Gross Margin % or its related term are showing as below:

BOM:543687' s Gross Margin % Range Over the Past 10 Years
Min: 17.32   Med: 20.26   Max: 22.62
Current: 22.62


During the past 7 years, the highest Gross Margin % of Dharmaj Crop Guard was 22.62%. The lowest was 17.32%. And the median was 20.26%.

BOM:543687's Gross Margin % is ranked worse than
55.51% of 245 companies
in the Agriculture industry
Industry Median: 24.81 vs BOM:543687: 22.62

Dharmaj Crop Guard had a gross margin of 21.17% for the quarter that ended in Mar. 2026 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Dharmaj Crop Guard was 2.80% per year.


Dharmaj Crop Guard  (BOM:543687) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Dharmaj Crop Guard had a gross margin of 21.17% for the quarter that ended in Mar. 2026 => Competition eroding margins


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Dharmaj Crop Guard Gross Margin % Related Terms


Dharmaj Crop Guard Gross Margin % Historical Data

* Premium members only.

The historical data trend for Dharmaj Crop Guard's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Dharmaj Crop Guard Gross Margin % Chart

Dharmaj Crop Guard Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Gross Margin %
Get a 7-Day Free Trial 19.78 17.32 20.05 21.73 22.62

Dharmaj Crop Guard Quarterly Data
Mar20 Mar21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.51 24.16 21.79 22.94 21.17

BOM:543687 vs CTVA, CF, MOS: Gross Margin % Comparison

For the Agricultural Inputs subindustry, Dharmaj Crop Guard's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Dharmaj Crop Guard Gross Margin % vs Agriculture Industry

For the Agriculture industry and Basic Materials sector, Dharmaj Crop Guard's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Dharmaj Crop Guard's Gross Margin % falls into.


BOM:543687
91GF Score
Dharmaj Crop Guard Ltd BOM:543687
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dharmaj Crop Guard Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Dharmaj Crop Guard's Gross Margin for the fiscal year that ended in Mar. 2026 is calculated as

Gross Margin % (A: Mar. 2026 )=Gross Profit (A: Mar. 2026 ) / Revenue (A: Mar. 2026 )
=2573.9 / 11379.65
=(Revenue - Cost of Goods Sold) / Revenue
=(11379.65 - 8805.76) / 11379.65
=22.62 %

Dharmaj Crop Guard's Gross Margin for the quarter that ended in Mar. 2026 is calculated as


Gross Margin % (Q: Mar. 2026 )=Gross Profit (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=495 / 2337.79
=(Revenue - Cost of Goods Sold) / Revenue
=(2337.79 - 1842.81) / 2337.79
=21.17 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 21.17% mean?
Dharmaj Crop Guard (BOM:543687) has a Gross Margin % of 21.17% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Dharmaj Crop Guard and its competitors. This is near median its historical median of 20.26. Over the past decade, Dharmaj Crop Guard's Gross Margin % has ranged from 17.32 to 22.62. According to the industry distribution chart, Dharmaj Crop Guard ranks #136 out of 245 companies in the Agriculture industry, placing it in the top 55.5%.
Is Dharmaj Crop Guard's Gross Margin % too high?
Dharmaj Crop Guard's current Gross Margin % of 21.17% is near median its 10-year median of 20.26. Over the past 10 years, this metric has ranged from a low of 17.32 to a high of 22.62. The Agriculture industry median Gross Margin % is 24.81. Dharmaj Crop Guard's value of 21.17% is 14.7% below this industry median. Based on the distribution chart, Dharmaj Crop Guard ranks #136 out of 245 companies in the Agriculture industry, which is below the industry midpoint. Overall, Dharmaj Crop Guard has a GF Score™ of 91/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Dharmaj Crop Guard's Gross Margin % compare to CTVA and CF?
According to the Agriculture industry distribution chart, Dharmaj Crop Guard ranks #136 out of 245 companies for Gross Margin %. This places Dharmaj Crop Guard in the lower half of its industry. The industry median Gross Margin % is 24.81. Dharmaj Crop Guard's value of 21.17% is 14.7% below this benchmark. Historically, Dharmaj Crop Guard's own Gross Margin % has ranged from 17.32 to 22.62 over the past decade. While the company's 10-year median is 20.26 vs. the industry median of 24.81, Dharmaj Crop Guard has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for an Agriculture company?
The median Gross Margin % among Agriculture companies is 24.81, based on 245 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Dharmaj Crop Guard's current Gross Margin % of 21.17% is 14.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Dharmaj Crop Guard and its competitors. For the Agriculture industry, the median Gross Margin % is 24.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dharmaj Crop Guard's current Gross Margin % is 21.17%, which is near median its own 10-year median of 20.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dharmaj Crop Guard stock overvalued right now?
Based on GuruFocus' analysis, Dharmaj Crop Guard (BOM:543687) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹412.36, compared to a current price of ₹258.05 — trading 37.4% below its estimated fair value. The current Gross Margin % is 21.17%, which is near median its 10-year median of 20.26 and 14.7% below the Agriculture industry median of 24.81. Dharmaj Crop Guard's overall GF Score™ is 91/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Dharmaj Crop Guard (BOM:543687), the current Gross Margin % is 21.17% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Dharmaj Crop Guard (BOM:543687) Overvalued in 2026?

Based on GuruFocus' analysis, Dharmaj Crop Guard stock appears to be undervalued. The current stock price of ₹258.05 is trading 37.4% below its estimated GF Value™ of ₹412.36. GuruFocus considers Dharmaj Crop Guard to be Significantly Undervalued.

Key valuation signals for BOM:543687:

  • Gross Margin %: 21.17% (near median its 10-year median of 20.26)
  • GF Value™: ₹412.36 vs. price of ₹258.05 (37.4% below fair value)
  • GF Score™: 91/100 with 2 warning signs
  • Industry Position: 14.7% below the Agriculture median (#136 of 245)

No single metric tells the full story. See the BOM:543687 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Dharmaj Crop Guard Business Description

Other Exchanges DHARMAJ:India
Address Iscon Ambli Road, Office No. 901 to 903 & 911, B-square 2, Ahmedabad, GJ, IND, 380058
Dharmaj Crop Guard Ltd is engaged in the business of manufacturing and dealing in pesticides including concessionaires of public health products for pest control, insecticides, herbicide, fertilizers, and allied products related to research and technical formulations. The company operates under segments namely fungicides, insecticides, herbicide, and Others. Geographically the company generates the majority of its revenue from India.
91GF Score

Get the complete analysis for BOM:543687

Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹258.05
Price
₹412.36
GF Value