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Black Rose vs Dharmaj Crop Guard vs Dynemic Products: Which Stock Should You Track

  • October 21, 2026
  • Posted by: Kunal Singla
  • Category: Market
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Black Rose vs Dharmaj Crop Guard vs Dynemic Products: Which Stock Should You Track

Black Rose Industries PE 19.14, mkt cap Rs 547 crore. Dharmaj Crop Guard PE 14.72, mkt cap Rs 886 crore. Dynemic Products PE 13.75, mkt cap Rs 279 crore.

Quick Answer

Black Rose Industries vs Dharmaj Crop Guard vs Dynemic Products is a side-by-side comparison of three companies from the chemicals space. On this comparison, Black Rose Industries carries a market capitalisation of about Rs 547 crore, against Rs 886 crore for Dharmaj Crop Guard and Rs 279 crore for Dynemic Products, with return on equity of 13.23%, 12.17% and 8.13% respectively. Each company’s numbers are presented here without a declared preference, since the right stock depends on an investor’s own criteria.

Black Rose Industries vs Dharmaj Crop Guard vs Dynemic Products starts with the core numbers most investors compare within the chemicals segment: market capitalisation, valuation multiples, profitability, dividend yield and the latest quarterly results. Figures below are sourced as of October 2026 and will shift with daily price moves.

All three names sit in the chemicals bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses. The sections below cover the company profiles, a valuation table, the latest quarter and a five-quarter trend for revenue and net profit.

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Table of Contents

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  • Black Rose Industries, Dharmaj Crop Guard and Dynemic Products: Company Overview
  • Black Rose Industries vs Dharmaj Crop Guard vs Dynemic Products: Valuation and Profitability Snapshot
  • Black Rose Industries vs Dharmaj Crop Guard vs Dynemic Products: Latest Quarterly Results
  • Black Rose Industries vs Dharmaj Crop Guard vs Dynemic Products: Five-Quarter Revenue and Net Profit Trend
  • What Should Investors Look at Beyond These Numbers?
  • Conclusion
  • FAQs on Black Rose Industries vs Dharmaj Crop Guard vs Dynemic Products
    • What is the market cap difference between Black Rose Industries, Dharmaj Crop Guard and Dynemic Products?
    • What are the PE and PB ratios of Black Rose Industries, Dharmaj Crop Guard and Dynemic Products?
    • Which of the three has the highest ROE?
    • Which of these three stocks pays the highest dividend yield?
    • What is the debt to equity ratio for Black Rose Industries, Dharmaj Crop Guard and Dynemic Products?
    • What were the latest quarterly revenue and net profit of Black Rose Industries, Dharmaj Crop Guard and Dynemic Products?
    • Does this comparison recommend one of Black Rose Industries, Dharmaj Crop Guard and Dynemic Products?

Black Rose Industries, Dharmaj Crop Guard and Dynemic Products: Company Overview

Black Rose Industries is a listed Indian company in the chemicals space, tracked here on book value, return ratios and valuation alongside its peers in this comparison. It has a market capitalisation of about Rs 547 crore, a return on equity of 13.23% and a book value of Rs 33.22 per share. Its quarterly revenue moved from Rs 60.89 crore in June 2025 to Rs 90.14 crore in June 2026, a change of +48.0%.

Dharmaj Crop Guard is a listed Indian company in the chemicals space, tracked here on book value, return ratios and valuation alongside its peers in this comparison. It has a market capitalisation of about Rs 886 crore, a return on equity of 12.17% and a book value of Rs 132.86 per share. Its quarterly revenue moved from Rs 368.15 crore in June 2025 to Rs 383.51 crore in June 2026, a change of +4.2%.

Dynemic Products is a listed Indian company in the chemicals space, tracked here on book value, return ratios and valuation alongside its peers in this comparison. It has a market capitalisation of about Rs 279 crore, a return on equity of 8.13% and a book value of Rs 197.43 per share. Its quarterly revenue moved from Rs 94.47 crore in June 2025 to Rs 86.44 crore in June 2026, a change of -8.5%.

Black Rose Industries vs Dharmaj Crop Guard vs Dynemic Products: Valuation and Profitability Snapshot

Metric Black Rose Industries Dharmaj Crop Guard Dynemic Products
Market Cap (approx.) Rs 547 crore Rs 886 crore Rs 279 crore
PE Ratio (TTM) 19.14 14.72 13.75
PB Ratio 3.23 1.97 1.14
Return on Equity (ROE) 13.23% 12.17% 8.13%
EPS (TTM, Rs) 5.61 17.80 16.35
Dividend Yield 1.16% 0.00% 0.00%
Debt to Equity 0.01 0.29 0.30
Book Value per Share (Rs) 33.22 132.86 197.43

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On valuation, Black Rose Industries trades at a PE of 19.14 and a PB of 3.23, Dharmaj Crop Guard at a PE of 14.72 and a PB of 1.97, while Dynemic Products trades at a PE of 13.75 and a PB of 1.14. On return on equity, the three post 13.23%, 12.17% and 8.13% respectively, and on dividend yield they stand at 1.16%, 0.00% and 0.00%. Dharmaj Crop Guard has the highest market capitalisation of the three at Rs 886 crore, while Dynemic Products has the lowest at Rs 279 crore. Black Rose Industries has the highest PE ratio of the three at 19.14, while Dynemic Products has the lowest at 13.75. Black Rose Industries has the highest return on equity of the three at 13.23%, while Dynemic Products has the lowest at 8.13%. Dynemic Products has the highest debt to equity ratio of the three at 0.30, while Black Rose Industries has the lowest at 0.01. Debt to equity is 0.01, 0.29 and 0.30 for the three respectively.

Black Rose Industries vs Dharmaj Crop Guard vs Dynemic Products: Latest Quarterly Results

Company Latest Quarter Revenue Latest Quarter Net Profit YoY Change (Revenue) QoQ Change (Revenue) YoY Change (Net Profit)
Black Rose Industries Rs 90.14 crore Rs 10.39 crore +48.0% -14.0% +148.0%
Dharmaj Crop Guard Rs 383.51 crore Rs 38.11 crore +4.2% +61.0% +16.9%
Dynemic Products Rs 86.44 crore Rs 5.19 crore -8.5% -17.3% +7.9%

Quarterly figures above are the most recent reported quarter for each company (Q1 FY27, quarter ended June 2026), compared with the year-ago and preceding quarter. A percentage change in net profit is shown as NA where the comparison quarter was a loss or the latest quarter is a loss, since the percentage is not meaningful in that case.

Black Rose Industries vs Dharmaj Crop Guard vs Dynemic Products: Five-Quarter Revenue and Net Profit Trend

The five-quarter view below shows how revenue and net profit moved from June 2025 to June 2026 for each company in Black Rose Industries vs Dharmaj Crop Guard vs Dynemic Products, which helps separate a one-quarter move from a steadier pattern.

Quarterly revenue (Rs crore)

Quarter Black Rose Industries Dharmaj Crop Guard Dynemic Products
June 2025 Rs 60.89 crore Rs 368.15 crore Rs 94.47 crore
September 2025 Rs 84.31 crore Rs 347.30 crore Rs 89.34 crore
December 2025 Rs 75.86 crore Rs 192.71 crore Rs 90.77 crore
March 2026 Rs 104.78 crore Rs 238.15 crore Rs 104.47 crore
June 2026 Rs 90.14 crore Rs 383.51 crore Rs 86.44 crore

Quarterly net profit (Rs crore)

Quarter Black Rose Industries Dharmaj Crop Guard Dynemic Products
June 2025 Rs 4.19 crore Rs 32.59 crore Rs 4.81 crore
September 2025 Rs 4.43 crore Rs 17.33 crore Rs 4.44 crore
December 2025 Rs 4.40 crore Rs 0.76 crore Rs 4.61 crore
March 2026 Rs 9.41 crore Rs 3.97 crore Rs 6.08 crore
June 2026 Rs 10.39 crore Rs 38.11 crore Rs 5.19 crore

Black Rose Industries reported revenue of Rs 60.89 crore in June 2025 and Rs 90.14 crore in June 2026, a change of +48.0% across the period. Its highest quarterly revenue in this window was Rs 104.78 crore in March 2026. Net profit stood at Rs 10.39 crore in June 2026, which is a net profit margin of 11.53%.

Dharmaj Crop Guard reported revenue of Rs 368.15 crore in June 2025 and Rs 383.51 crore in June 2026, a change of +4.2% across the period. Its highest quarterly revenue in this window was Rs 383.51 crore in June 2026. Net profit stood at Rs 38.11 crore in June 2026, which is a net profit margin of 9.94%.

Dynemic Products reported revenue of Rs 94.47 crore in June 2025 and Rs 86.44 crore in June 2026, a change of -8.5% across the period. Its highest quarterly revenue in this window was Rs 104.47 crore in March 2026. Net profit stood at Rs 5.19 crore in June 2026, which is a net profit margin of 6.00%.

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What Should Investors Look at Beyond These Numbers?

Beyond the metrics above, investors comparing these three chemicals names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and factors specific to the segment such as raw material and power costs, end-user demand, capacity utilisation and environmental compliance. A single-quarter snapshot can shift quickly, and smaller companies in particular can show wide swings from one quarter to the next.

It also helps to read the latest quarterly filings and investor presentations of Black Rose Industries, Dharmaj Crop Guard and Dynemic Products directly, since the figures here come from standardised data and do not capture company-specific context such as one-time items, order timing or promoter actions.

Conclusion

Black Rose Industries vs Dharmaj Crop Guard vs Dynemic Products highlights how differently three companies in the same chemicals segment can look across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.

Disclaimer: Data and figures in this article are sourced from publicly available information as of October 2026 and may not reflect real-time prices. Please verify all data independently before making any investment decision. This comparison does not recommend or endorse any single stock over another; investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).

FAQs on Black Rose Industries vs Dharmaj Crop Guard vs Dynemic Products

What is the market cap difference between Black Rose Industries, Dharmaj Crop Guard and Dynemic Products?

Ans. As of October 2026, Black Rose Industries has a market cap of approximately Rs 547 crore, Dharmaj Crop Guard is at approximately Rs 886 crore, and Dynemic Products is at approximately Rs 279 crore. Dharmaj Crop Guard is the largest of the three, and its market capitalisation is about 3.2 times that of Dynemic Products, the smallest. Market capitalisation reflects the size of a company in the market rather than the quality of its business, so a larger value does not by itself signal a higher quality company. These figures move with the share price every trading day, which is why the table above should be read as a snapshot rather than a fixed ranking in the Black Rose Industries vs Dharmaj Crop Guard vs Dynemic Products comparison.

What are the PE and PB ratios of Black Rose Industries, Dharmaj Crop Guard and Dynemic Products?

Ans. As of October 2026, the PE ratios stand at 19.14, 14.72 and 13.75 respectively, and the price to book ratios stand at 3.23, 1.97 and 1.14 respectively. All three companies have a positive trailing PE, so the multiples can be compared directly. The PE ratio shows how much investors pay for each rupee of trailing earnings, while the PB ratio compares the market value with the net assets on the balance sheet. Both multiples should be read against the segment norms for chemicals and against each company’s own growth and earnings stability, because a high multiple can reflect expected growth or simply a small earnings base.

Which of the three has the highest ROE?

Ans. Black Rose Industries, Dharmaj Crop Guard and Dynemic Products post ROE of 13.23%, 12.17% and 8.13% respectively as of October 2026. Black Rose Industries has the highest return on equity of the three at 13.23%, while Dynemic Products has the lowest at 8.13%. Return on equity measures how much profit a company generates on the capital contributed by its shareholders, so it is a useful gauge of how efficiently equity is being used. A negative ROE points to losses over the period, and a very high ROE can sometimes result from a small equity base rather than operating performance. It is therefore worth reading ROE together with debt levels and the five-quarter profit trend before drawing any conclusion from the Black Rose Industries vs Dharmaj Crop Guard vs Dynemic Products figures.

Which of these three stocks pays the highest dividend yield?

Ans. Black Rose Industries, Dharmaj Crop Guard and Dynemic Products carry dividend yields of 1.16%, 0.00% and 0.00% respectively as of October 2026. Dividend yield is the annual dividend per share expressed as a percentage of the current share price, so it changes whenever the price changes. A low or zero yield is common among companies that retain profits to fund expansion, repay debt or absorb losses, and it does not by itself say anything about business quality. Investors who care about income should also check how consistently each company has paid dividends and what share of profit it distributes.

What is the debt to equity ratio for Black Rose Industries, Dharmaj Crop Guard and Dynemic Products?

Ans. Black Rose Industries carries a debt to equity of 0.01, Dharmaj Crop Guard of 0.29, and Dynemic Products of 0.30. Dynemic Products has the highest debt to equity ratio of the three at 0.30, while Black Rose Industries has the lowest at 0.01. The debt to equity ratio compares total borrowings with shareholders’ funds, and a higher figure means the company relies more on borrowed money to run its business. What counts as a comfortable level differs by segment, since some businesses in chemicals need heavy capital and carry more debt than others. Investors usually read this ratio alongside interest costs and cash generation to judge how well each company can service its borrowings in the Black Rose Industries vs Dharmaj Crop Guard vs Dynemic Products comparison.

What were the latest quarterly revenue and net profit of Black Rose Industries, Dharmaj Crop Guard and Dynemic Products?

Ans. For Q1 FY27 (quarter ended June 2026), Black Rose Industries reported revenue of Rs 90.14 crore and net profit of Rs 10.39 crore, Dharmaj Crop Guard reported revenue of Rs 383.51 crore and net profit of Rs 38.11 crore, and Dynemic Products reported revenue of Rs 86.44 crore and net profit of Rs 5.19 crore. Compared with the quarter ended June 2025, revenue changed by +48.0% for Black Rose Industries, +4.2% for Dharmaj Crop Guard and -8.5% for Dynemic Products. A single quarter can be affected by seasonality, one-time items and the timing of orders, so the five-quarter tables above give a clearer sense of direction than any one result. A net loss in a quarter does not always mean a troubled business, but it does call for a closer look at costs, debt and the reasons behind the swing in the Black Rose Industries vs Dharmaj Crop Guard vs Dynemic Products results.

Does this comparison recommend one of Black Rose Industries, Dharmaj Crop Guard and Dynemic Products?

Ans. This comparison does not declare one stock ahead of another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor’s own criteria and research. Instead of a verdict, the tables above lay out the figures so that readers can weigh them against their own goals, time horizon and tolerance for risk. For companies in chemicals, it also helps to look at factors such as raw material and power costs, end-user demand, capacity utilisation and environmental compliance. Reading the latest filings and investor presentations of Black Rose Industries, Dharmaj Crop Guard and Dynemic Products directly, and speaking to a SEBI registered adviser where needed, is a sensible step before acting on any numbers shown in Black Rose Industries vs Dharmaj Crop Guard vs Dynemic Products.



Chemicals Stock Market
Author: Kunal Singla
Kunal Singla is the Associate Director - Research at Univest, leading quantitative equity research, intraday trading setups, and derivatives strategy. With 4+ years of experience in Indian equity markets, he combines rigorous quantitative methods with classical technical analysis to build high-conviction research frameworks for retail and advisory clients. He holds an MSc from the Indian Institute of Technology (IIT) Delhi — one of India's most selective institutions — and has completed the Certificate in Quantitative Finance (CQF), a globally recognised programme covering derivatives pricing, risk modelling, machine learning for finance, and advanced portfolio theory. This combination places him in a small group of Indian analysts with both deep academic training in quantitative methods and SEBI-recognised research credentials. Kunal holds seven SEBI-recognised NISM certifications spanning research, derivatives, portfolio management, and securities operations: Series-XV (Research Analyst), Series-XXI-A (Portfolio Managers), Series-XVI (Commodity Derivatives), Series-VIII (Equity Derivatives), Series-VII (SORM), Series-V-A (Mutual Fund Distributors), and Series-I (Currency Derivatives). At Univest — India's SEBI-registered research and advisory platform — Kunal leads research inputs for Pro Lite, Pro Super, Pro Gold, and Pro Commodity advisory services, alongside publishing intraday stock picks on Univest Blogs.

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