Insecticides India vs Dharmaj Crop Guard: Share Price, Comparison and Key Differences

Insecticides India MCap Rs 1,877 Cr, PE 13.46x, ROE 11.42%, D/E 0.13. Dharmaj Crop Guard MCap Rs 900 Cr, PE 16.47x, ROE 12.17%, D/E 0.29.

Updated: 11 Aug 2026 • 1:22 pm

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Insecticides India vs Dharmaj Crop Guard: Share Price, Comparison and Key Differences

Insecticides India vs Dharmaj Crop Guard is a comparison domestic agrochemical investors look up when evaluating two smaller listed Indian agro-input companies focused on the domestic farm market. Insecticides India Limited is a Delhi-based company making domestic-market branded crop protection products – insecticides, herbicides, fungicides – for Indian farmers under its own brands and as sub-licensee from global innovator companies. Dharmaj Crop Guard, a Gujarat-based company, manufactures technical grade agrochemicals and formulations for domestic and export markets. Both Insecticides India vs Dharmaj Crop Guard serve Indian farmers directly through distribution networks.

This Insecticides India vs Dharmaj Crop Guard article covers reach and market position, key products, latest declared results and stock valuation. The Insecticides India vs Dharmaj Crop Guard data below is sourced from Groww and public company filings and reflects the most recently available information at the time of writing.

Table of Contents

Insecticides India vs Dharmaj Crop Guard: Reach and Market Position

On the Insecticides India side of the Insecticides India vs Dharmaj Crop Guard comparison, Insecticides India sells branded crop protection products (Premio, Thimet, Lethal brands) to Indian farmers through dealer networks. Market capitalisation is Rs 1,877 Cr.

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On the Dharmaj Crop Guard side of the Insecticides India vs Dharmaj Crop Guard comparison, Dharmaj Crop Guard manufactures technical grade agrochemicals and formulations for Indian agro-input dealers and for export. Market capitalisation is Rs 900 Cr.

Insecticides India vs Dharmaj Crop Guard: Key Products and Business Mix

In the Insecticides India vs Dharmaj Crop Guard product comparison, Insecticides India offers: Insecticides India earns from branded insecticides, fungicides and herbicides sold to Indian farmers. EPS is Rs 47.91. PE is 13.46x, ROE 11.42 percent, D/E 0.13.

For Dharmaj Crop Guard in this Insecticides India vs Dharmaj Crop Guard breakdown: Dharmaj Crop Guard earns from technical agrochemicals, formulations and exports to international markets. EPS is Rs 16.17. PE is 16.47x, ROE 12.17 percent, D/E 0.29.

Insecticides India vs Dharmaj Crop Guard: Latest Results

The Insecticides India vs Dharmaj Crop Guard results for Insecticides India: Insecticides India has a market cap of Rs 1,877 Cr and PE of 13.46x. ROE is 11.42 percent. Insecticides India is 2.1 times larger than Dharmaj Crop Guard.

The Insecticides India vs Dharmaj Crop Guard results for Dharmaj Crop Guard: Dharmaj Crop Guard has a market cap of Rs 900 Cr and PE of 16.47x. ROE is 12.17 percent. Dharmaj is slightly more expensive on PE with a marginally higher ROE.

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Insecticides India vs Dharmaj Crop Guard: Stock and Valuation

The Insecticides India vs Dharmaj Crop Guard stock comparison uses the latest available market data from Groww. Investors tracking Insecticides India vs Dharmaj Crop Guard should verify current prices on NSE or BSE before trading.

Insecticides India vs Dharmaj Crop Guard at current valuations: Insecticides India trades at Rs 1,877 Cr market cap, PE 13.46x, ROE 11.42 percent. Dharmaj trades at Rs 900 Cr market cap, PE 16.47x, ROE 12.17 percent. Insecticides India is cheaper on PE. Both are small domestic agrochemical companies with comparable financials.

Insecticides India vs Dharmaj Crop Guard: Quick Comparison Table

The Insecticides India vs Dharmaj Crop Guard comparison table below summarises the key metrics covered in this article side by side.

Parameter	Insecticides India	Dharmaj Crop Guard
Sector	Branded domestic agrochemicals: insecticides, herbicides, fungicides	Technical + formulated agrochemicals: domestic + export
Market Cap	Rs 1,877 Cr	Rs 900 Cr
P/E Ratio	13.46x	16.47x
ROE	11.42%	12.17%
Debt to Equity	0.13	0.29
Market Focus	Domestic India farmer market	Domestic + export markets
Dividend	0.31%	None

Conclusion

The Insecticides India vs Dharmaj Crop Guard comparison above covers the key data points on reach, products, results and valuation. Insecticides India vs Dharmaj Crop Guard covers two small domestic agrochemical companies serving India's farm market. Insecticides India has an established brand portfolio with domestic farmer relationships. Dharmaj Crop Guard is a newer player with a manufacturing base in Gujarat. Insecticides India vs Dharmaj investors should review monsoon distribution, volume growth, new product registrations and domestic agrochemical price trends. Both Insecticides India vs Dharmaj Crop Guard are small-cap domestic agro companies. Consult a SEBI-registered advisor for personalised guidance.

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Disclaimer: Data and figures in this article are sourced from publicly available information, including company results filings and exchange data, and are current as of the time of writing. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. 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).

Frequently Asked Questions

What does Insecticides India make?

Ans. Insecticides India makes branded crop protection products – insecticides (Thimet, Premio), herbicides and fungicides – for Indian farmers. It also sub-licenses innovative global agrochemical molecules under long-term agreements.

What does Dharmaj Crop Guard make?

Ans. Dharmaj Crop Guard manufactures technical grade agrochemicals (concentrated active ingredients) and formulated crop protection products for distribution to Indian dealers and for export to regulated and emerging markets.

Are these companies affected by monsoon?

Ans. Yes. Both Insecticides India and Dharmaj Crop Guard are sensitive to Indian monsoon performance. Good monsoons increase crop area, pest pressure and agrochemical demand; weak monsoons reduce crop protection spending by farmers.

Does Insecticides India pay dividends?

Ans. Yes. Insecticides India pays a small dividend yield of approximately 0.31 percent.

Which is larger, Insecticides India or Dharmaj?

Ans. Insecticides India at Rs 1,877 Cr is approximately 2.1 times larger than Dharmaj Crop Guard at Rs 900 Cr.

Are Insecticides India and Dharmaj in Nifty 50?

Ans. Neither is in Nifty 50. Both are tracked in very small cap indices.

What is the difference between technical and formulated agrochemicals?

Ans. Technical agrochemicals are concentrated active ingredient (AI) – the pure chemical. Formulated agrochemicals are diluted, ready-to-use products (emulsifiable concentrates, wettable powders, suspension concentrates) made from the technical.