Bayer CropScience Ltd logo

Bayer CropScience Ltd

BAYERCROP NSE

Key Fundamentals

SmallcapPesticides & AgrochemicalsChemicals
Market Cap
₹18,849 Cr
Volatility
Moderate
P/E Ratio
25.64
EBITDA
₹969 Cr
Return on Equity
23.24%
Debt to Equity
0.03
Book Value
₹659.9
EPS
₹148.24
52W High
₹6,415
52W Low
₹4,030

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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46 extracted metrics + investor summaries across FY14–FY26.

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Tapetide Score

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Technical Indicators

Key Insights

Strengths

5
  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is providing a good dividend yield of 3.59%.
  • Company has been maintaining a healthy dividend payout of 93.8%
  • Company's working capital requirements have reduced from 74.0 days to 56.1 days

Weaknesses

1
  • The company has delivered a poor sales growth of 5.90% over past five years.

Growth Rate

Revenue Growth
3.16% ↘
Net Income Growth
21.34% ↘
Cash Flow Change
311.64% ↗
ROE
16.61% ↗
ROCE
16.52% ↗
EBITDA Margin (Avg.)
16.03% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 3d ago
AI opinion · based on fundamentals
Risk medium

Bayer CropScience Ltd is a nearly debt-free MNC subsidiary with a market cap of ₹19,280 Cr, trading at a PE of 28.3x which is below its 10-year historical average of ~39.5x. The company delivers consistent ROE of 23-24% and maintains a high dividend payout of 93.8%, but has struggled with tepid sales growth of ~6% CAGR over five years and the stock has declined 31% in the past year.

Bull Case 8
  • Nearly debt-free balance sheet provides financial resilience and flexibility for future investments
  • Consistent ROE of 23-24% over the last 3-5 years indicates efficient capital allocation and strong profitability
  • Dividend yield of 3.51% with a payout ratio of 93.8% offers attractive cash returns to shareholders
  • Current PE of 28.3x is significantly below the 10-year historical average PE of ~39.5x, suggesting valuation compression
  • Working capital days improved from 74.0 to 56.1 days, reflecting better operational efficiency
  • Q4 FY25 revenue grew 32% YoY to ₹10,464 million from ₹7,923 million, indicating a recovery trend
  • TTM profit growth of 21% outpaces revenue growth of 4%, suggesting margin expansion
  • 10-year compounded profit growth of 8% demonstrates long-term earnings consistency backed by MNC parentage from Bayer AG
Bear Case 8
  • Stock has declined 31% over the past year, significantly underperforming the broader market
  • Compounded sales growth of only 5.9% over five years and 3% over three years reflects structural demand challenges
  • Q2 FY26 revenue declined 10.6% YoY to ₹15,534 million from ₹17,382 million, showing inconsistent quarterly performance
  • 10-year stock CAGR of just 1% indicates prolonged wealth destruction on a real-return basis
  • PE of 28.3x trades at a premium to the agrochemical sector PE of ~24.8x despite below-sector growth rates
  • 3-year compounded profit CAGR of only 1% signals recent earnings stagnation despite long-term track record
  • High 93.8% dividend payout leaves limited retained earnings for organic growth or capacity expansion
  • Q1 FY25 PBT declined 22% YoY to ₹3,158 million from ₹4,061 million, highlighting earnings volatility

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 16h ago
Headwinds 1
  • Rs 22M GST penalty order Jul 15

    Bayer CropScience received a Rs 22 Million GST penalty for FY 2020-21 to 2022-23 related to outward supply and input tax credit issues. The company is assessing options to appeal.

Positives 2
  • Q1FY27 profit jumps 15% YoY Aug 5

    Net profit rose 15% YoY to ₹3,216 million in Q1FY27, driven by strong Agri Care sales and gains from divestment of marketing rights.

  • Strong FY26 annual results filed Jul 21

    FY26 annual report shows ₹56,750 Million revenue, ₹6,892 Million net profit, and a total dividend of ₹150 per share.

Neutral 2
  • Bayer AG raises stake to 20.34% Jul 10

    Bayer AG acquired 53,54,030 shares from Bayer CropScience AG via block deal on July 8, 2026 at Rs 4,122.30 per share, raising its direct stake to 20.34% through an inter-se promoter transfer.

  • New Chairman appointed from Sep 12 Aug 5

    Ravi Kirpalani appointed as Additional Independent Director and Chairman effective Sep 12, 2026, succeeding Pankaj Patel.

TL;DR: Bayer CropScience is delivering solid earnings growth with Q1FY27 profit up 15% YoY and a healthy FY26 dividend of ₹150/share, signalling operational strength. The Rs 22M GST penalty is minor relative to company scale and unlikely to materially impact financials. Promoter restructuring (Bayer AG raising direct stake) signals continued parent commitment. The trend is stable-to-improving with earnings momentum intact heading into FY27.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
1,740
1,617
955
792
1,631
1,738
1,057
1,046
1,915
1,553
1,106
1,101
1,835
Expenses
1,315
1,312
827
695
1,317
1,554
1,037
876
1,566
1,348
989
898
1,467
Operating Profit
425
305
128
97
314
184
20
171
348
205
117
203
368
OPM %
24%
19%
13%
12%
19%
11%
1.9%
16%
18%
13%
11%
18%
20%
Other Income
21
16
15
29
27
24
32
37
19
14
16
47
89
Interest
8
4
3
5
4
3
4
6
5
4
5
6
4
Depreciation
31
12
15
16
22
14
15
34
27
14
15
38
50
PBT
406
306
124
105
316
190
34
168
335
200
113
206
402
Tax %
19%
27%
25%
9%
20%
28%
-2%
15%
17%
24%
15%
21%
20%
Net Profit
328
223
93
96
254
136
34
143
279
153
96
162
322
EPS in Rs
73.09
49.6
20.72
21.36
56.56
30.33
7.61
31.89
62.01
33.98
21.29
36.07
71.56
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
3,660
2,769
2,803
2,710
3,167
3,609
4,261
4,734
5,140
5,106
5,473
5,675
5,595
Expenses
3,144
2,334
2,389
2,300
2,684
2,883
3,450
3,923
4,216
4,147
4,783
4,801
4,702
Operating Profit
516
435
414
410
483
726
812
812
924
959
691
874
893
OPM %
14%
16%
15%
15%
15%
20%
19%
17%
18%
19%
13%
15%
16%
Other Income
88
82
70
39
51
-64
69
112
168
76
118
95
165
Interest
5
10
7
11
10
14
13
13
22
20
17
20
19
Depreciation
25
25
29
33
44
65
74
64
80
74
85
94
117
PBT
574
482
448
404
480
583
794
847
990
941
707
855
922
Tax %
33%
35%
35%
26%
30%
19%
38%
24%
23%
21%
20%
19%
—
Net Profit
383
315
291
300
337
474
493
645
758
740
568
689
732
EPS in Rs
105
89.13
82.31
87.41
98.18
106
110
144
169
165
126
153
163
Div. Payout %
20%
19%
21%
21%
18%
24%
105%
104%
77%
85%
99%
98%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
37
35
35
34
34
45
45
45
45
45
45
45
Reserves
1,996
1,804
2,021
1,744
2,205
2,528
2,505
2,479
2,667
2,804
2,806
2,921
Borrowings
0
0
0
0
0
2
26
86
74
47
105
82
Other Liabilities
740
597
769
756
1,310
1,262
1,663
1,742
1,893
1,701
2,290
2,652
Total Liabilities
2,773
2,437
2,825
2,535
3,549
3,836
4,239
4,353
4,679
4,597
5,246
5,699
Fixed Assets
322
290
342
334
440
468
425
468
462
414
470
458
CWIP
1
17
24
36
47
56
76
98
109
119
119
127
Investments
29
68
50
0
0
41
52
38
41
54
35
57
Other Assets
2,422
2,062
2,410
2,164
3,062
3,270
3,686
3,749
4,066
4,010
4,622
5,056
Total Assets
2,773
2,437
2,825
2,535
3,549
3,836
4,239
4,353
4,679
4,597
5,246
5,699
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
200
206
157
121
433
666
687
216
609
952
262
1,078
Investing
485
16
-8
38
-113
-29
7
64
83
0
86
72
Financing
-42
-590
-73
-581
-158
-148
-556
-703
-613
-656
-619
-624
Net Cash Flow
644
-367
76
-421
162
489
138
-424
79
296
-272
527
Free Cash Flow
297
170
108
80
378
638
656
168
537
912
222
1,014
CFO/OP
76
86
74
53
132
110
105
59
92
113
61
142
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
57
53
72
89
81
73
65
77
69
69
63
72
Inventory Days
85
169
178
175
294
206
226
235
268
222
319
289
Days Payable
40
52
67
67
164
101
142
127
129
87
148
167
Cash Conversion Cycle
102
171
184
197
211
177
149
185
208
204
234
193
Working Capital Days
53
92
104
134
116
77
61
84
86
78
88
56
ROCE %
31%
25%
23%
22%
25%
30%
31%
31%
34%
34%
25%
29%

Shareholding Pattern

As of Jun 2026
Promoters 71.43%
DIIs 11.64%
Public 8.63%
Others 4.33%
FIIs 3.97%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
71.43%
71.43%
71.43%
71.43%
71.43%
71.43%
71.43%
71.43%
71.43%
71.43%
71.43%
71.43%
71.43%
71.43%
71.43%
71.43%
71.43%
71.43%
71.43%
71.43%
71.43%
71.43%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
3.62%
3.63%
3.30%
3.42%
3.49%
3.64%
3.79%
3.84%
3.89%
3.97%
DIIs
12.44%
11.30%
12.19%
12.49%
12.85%
13.01%
12.66%
12.79%
12.64%
13.01%
13.21%
12.68%
12.80%
12.47%
12.08%
11.70%
11.55%
11.38%
11.21%
11.46%
11.89%
11.64%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
8.48%
8.43%
8.70%
8.48%
8.22%
8.01%
8.19%
8.05%
8.23%
8.00%
7.59%
7.84%
7.74%
7.96%
8.58%
8.76%
8.88%
8.93%
9.08%
8.78%
8.41%
8.63%
Others
7.64%
8.83%
7.68%
7.60%
7.50%
7.55%
7.72%
7.72%
7.69%
7.56%
7.77%
8.05%
4.41%
4.51%
4.61%
4.68%
4.65%
4.62%
4.49%
4.50%
4.39%
4.33%
No. of Shareholders
65,285
65,088
62,321
62,178
60,230
57,760
57,896
57,048
57,253
48,404
45,329
46,907
45,852
46,201
51,289
54,289
54,216
55,753
58,109
58,571
55,795
58,884

Documents

1
Concall - Aug 2017 Aug 2017
2
Concall - Jun 2018 Jun 2018
3
Concall - Nov 2018 Nov 2018
4
Concall - May 2019 May 2019
5
Concall - Nov 2019 Nov 2019

Frequently Asked Questions about Bayer CropScience Ltd

What does Bayer CropScience Ltd do?
Bayer CropScience is engaged in Agri Care business which primarily includes manufacture, sale and distribution of insecticides, fungicides, herbicide and various other agrochemical products and corn seeds.[1]
Where is Bayer CropScience Ltd (BAYERCROP) listed?
Bayer CropScience Ltd is listed on the Indian stock exchanges. It is listed on NSE: BAYERCROP and BSE: 506285. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Bayer CropScience Ltd belong to?
Bayer CropScience Ltd operates in the Chemicals sector within the Pesticides & Agrochemicals industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Bayer CropScience Ltd?
Bayer CropScience Ltd has a market capitalisation of approximately ₹18849.16 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Bayer CropScience Ltd?
The Price-to-Earnings (PE) ratio of Bayer CropScience Ltd is 25.64. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Bayer CropScience Ltd?
Over the past 52 weeks, Bayer CropScience Ltd has traded between a low of ₹4,030 and a high of ₹6,415. This range helps investors understand the stock's price volatility and recent trading levels.
Does Bayer CropScience Ltd pay dividends?
Yes, Bayer CropScience Ltd has a dividend yield of 3.56%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Bayer CropScience Ltd?
Bayer CropScience Ltd has a Return on Equity (ROE) of 23.24%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Bayer CropScience Ltd on Tapetide?
On Tapetide, you can view Bayer CropScience Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Bayer CropScience is engaged in Agri Care business which primarily includes manufacture, sale and distribution of insecticides, fungicides, herbicide and various other agrochemical products and corn seeds.[1]

Website bayer.in
CEO Mr. Simon-Thorsten Wiebusch
Employees 1,169
Listed 2010-01-08
Face Value ₹ 10
Issued Size 5,01,07,246

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