Bayer CropScience Ltd
Bayer CropScience Ltd
ChemicalsKey Fundamentals
SmallcapPesticides & AgrochemicalsChemicalsInsights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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46 extracted metrics + investor summaries across FY14–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
5- Company has reduced debt.
- Company is almost debt free.
- Stock is providing a good dividend yield of 3.66%.
- 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
AI Analysis — Bull vs Bear
Bayer CropScience Ltd is a nearly debt-free specialty chemicals company with a market cap of ₹18,390 Cr, trading at a PE of 25.2x with a consistent ROE averaging 23-24% over the last 3-5 years. The stock has declined 27% over the past year despite a 24% TTM profit growth, while revenue has contracted 3% on a trailing twelve-month basis.
- Company is virtually debt-free, providing significant financial flexibility and balance sheet resilience in a capital-intensive sector
- Healthy ROE of 24% in the last year and 23-24% averaged over 3-5 years indicates efficient capital allocation and strong profitability
- Dividend yield of 3.65% is attractive relative to sector peers, supported by a high payout ratio of 93.8%
- TTM profit growth of 24% demonstrates margin expansion capability even in a period of revenue contraction
- Working capital cycle has improved from 74.0 days to 56.1 days, reflecting better operational efficiency and cash conversion
- 10-year compounded profit growth of 8% and sales growth of 7% show a track record of steady long-term earnings expansion
- Price-to-book ratio of 6.23x, while optically high, is supported by the company's consistently high return on equity profile above 21% over a decade
- Stock price has declined 27% over the past year, significantly underperforming the broader market and indicating weak investor sentiment
- TTM revenue has contracted by 3%, signaling demand headwinds or pricing pressure in the agrochemicals segment
- 5-year compounded sales growth of only 5.9% is notably weak for the Indian chemicals sector which has seen higher growth rates
- Stock CAGR of -8% over 5 years and 0% over 10 years shows persistent long-term price underperformance despite decent earnings growth
- 3-year compounded profit growth of just 1% suggests earnings stagnation in the medium term before the recent TTM uptick
- Payout ratio of 93.8% leaves very little room for reinvestment into growth initiatives, R&D, or capacity expansion
- 3-year stock CAGR of -4% indicates the market has been de-rating the company over the medium term despite stable fundamentals
- PE of 25.2x combined with low single-digit sales growth implies limited earnings growth runway unless margin expansion continues sustainably
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- 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 revenue and dividend Jul 21
68th Annual Report shows ₹56,750 million revenue, ₹6,892 million net profit, and total dividend of ₹150 per share for FY2025-26.
- New Chairman appointed from Sep Aug 5
Ravi Kirpalani appointed as Additional Independent Director and Chairman effective Sep 12, 2026, succeeding Pankaj Patel.
- Bayer AG raises stake to 20.34% Jul 24
Bayer AG acquired 53,54,030 shares from Bayer CropScience AG via block deal on Jul 8, 2026 at ₹4,122.30 per share, raising its stake to 20.34%.
TL;DR: Bayer CropScience is delivering solid earnings growth with a 15% profit jump in Q1FY27 and healthy FY26 financials including a generous ₹150/share dividend. There are no visible headwinds in recent news flow. Parent Bayer AG increasing its stake signals confidence in the Indian subsidiary. The trend is positive with earnings momentum intact heading into FY27.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 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 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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% | — |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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% |
Documents
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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]