Bayer CropScience
- P/E
- 19.95
Key Fundamentals
SmallcapFertilizers & AgrochemicalsChemicalsPrice-based figures as of · EPS basis: Standalone · TTM
- ROCE
- 29.10%
- Debt to Equity
- 0.03
- EPS (TTM)
- ₹162.90
- Book Value
- ₹659.90
- Market Cap
- —
- P/E (TTM)
- 19.95
- P/B
- 4.92
- ROE
- 23.70%
- Dividend Yield
- 4.57%
- EBITDA
- ₹969 Cr
- 52W High
- ₹5,063.00
- 52W Low
- ₹3,226.10
- Day Range
- ₹3,226.10 – ₹3,280.00
- Volume
- 85,948
Peer Comparison
Commodities › Chemicals › Pesticides & Agrochemicals
| ₹529.00 | 22.09 | ₹43,728 Cr | 1.28 | 1.16% | 5.64% | 10.10% | ₹52,804 Cr | ₹2,323 Cr | |
| ₹2,187.00 | 28.48 | ₹33,248 Cr | 2.95 | 0.69% | 11.20% | 15.00% | ₹6,516 Cr | ₹1,164 Cr | |
| ₹328.10 | 28.24 | ₹15,980 Cr | 4.43 | 0.41% | 17.60% | 23.50% | ₹3,192 Cr | ₹581 Cr | |
| ₹3,249.90 | 19.95 | ₹14,602 Cr | 4.92 | 4.57% | 23.70% | 29.10% | ₹5,595 Cr | ₹733 Cr | |
| ₹677.95 | 9.77 | ₹6,015 Cr | 1.88 | 2.23% | 23.20% | 30.20% | ₹5,357 Cr | ₹626 Cr | |
| ₹942.75 | 15.83 | ₹4,217 Cr | 2.50 | 0.21% | 18.50% | 23.80% | ₹1,953 Cr | ₹268 Cr | |
| ₹189.67 | 17.23 | ₹3,734 Cr | 1.68 | 1.58% | 10.20% | 14.10% | ₹2,962 Cr | ₹214 Cr | |
| Median 7 companies | ₹677.95 | 19.95 | ₹14,602 Cr | 2.50 | 1.16% | 17.60% | 23.50% | ₹5,357 Cr | ₹626 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
Data confidence 100/100
Category scores
- Quality
- 82
- Strong
- Returns, margins, earnings quality 22% weight
- Valuation
- 62
- Good
- Cheap vs sector & own history 24% weight
- Growth
- 13
- Poor
- Sales & profit trajectory 9% weight
- Financial Health
- 78
- Strong
- Solvency, leverage, coverage 9% weight
- Momentum
- 10
- Poor
- Trend strength, vol-adjusted 12% weight
- Ownership
- 47
- Average
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
5- Company has reduced debt.
- Company is almost debt free.
- Stock is providing a good dividend yield of 4.27%.
- 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.
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Strong Bearish | 12 | 2 | 5 |
| Oscillators | Strong Bullish | 2 | 2 | 5 |
| Moving Averages | Strong Bearish | 10 | 0 | 0 |
Oscillators
Strong Bullish
Overall
Strong Bearish
Moving Averages
Strong Bearish
Key readings
- RSI (14)
- 28.34
- Bullish
- MACD (12,26,9)
- −123.74
- Bearish
- SMA (50)
- 3,685.15
- Bearish
- SMA (200)
- 4,249.76
- Bearish
As of
Analyst Rating
4 of 7 analysts rate Buy, 3 Hold, 0 Sell.
As of
Growth Rate
From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 10Y | +7.44% |
|---|---|
| 5Y | +5.90% |
| 3Y | +3.36% |
| 1Y | +3.69% |
| TTM | −2.80% |
Net profit
| 10Y | +8.14% |
|---|---|
| 5Y | +6.92% |
| 3Y | −3.13% |
| 1Y | +21.30% |
| TTM | +23.82% |
Operating cash flow
| 10Y | +18.00% |
|---|---|
| 5Y | +9.43% |
| 3Y | +20.97% |
| 1Y | +311.45% |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | −0.31 pp |
|---|---|
| 5Y | −3.66 pp |
| 3Y | −2.58 pp |
| 1Y | +2.77 pp |
| TTM | +3.40 pp |
Revenue by year
| Mar 2017 | ₹2,803 Cr |
|---|---|
| Mar 2018 | ₹2,710 Cr |
| Mar 2019 | ₹3,167 Cr |
| Mar 2020 | ₹3,609 Cr |
| Mar 2021 | ₹4,261 Cr |
| Mar 2022 | ₹4,734 Cr |
| Mar 2023 | ₹5,140 Cr |
| Mar 2024 | ₹5,106 Cr |
| Mar 2025 | ₹5,473 Cr |
| Mar 2026 | ₹5,675 Cr |
Net profit by year
| Mar 2017 | ₹291 Cr |
|---|---|
| Mar 2018 | ₹300 Cr |
| Mar 2019 | ₹337 Cr |
| Mar 2020 | ₹474 Cr |
| Mar 2021 | ₹493 Cr |
| Mar 2022 | ₹645 Cr |
| Mar 2023 | ₹758 Cr |
| Mar 2024 | ₹740 Cr |
| Mar 2025 | ₹568 Cr |
| Mar 2026 | ₹689 Cr |
Analyst Forecasts
AI Analysis — Bull vs Bear
Bayer CropScience Ltd trades at ₹3,249.9 as of 2026-11-04 with a market cap of ₹14,601.69 crore, a PE of 19.95x, and an ROCE of 27.93%. The stock sits near its 52-week low of ₹3,226.1 after a 30% decline over the past year, while the company remains virtually debt-free with a debt-to-equity of 0.03 and offers a dividend yield of 4.57%.
- The company is virtually debt-free with a debt-to-equity ratio of just 0.03, providing significant financial flexibility and resilience against interest rate cycles.
- ROE of 23.24% and ROCE of 27.93% as of 2026-11-04 indicate strong capital efficiency, with a 5-year average ROE of 24% demonstrating consistency in generating shareholder returns.
- Dividend yield of 4.57% is attractive for an agrochemicals company, supported by a healthy dividend payout ratio of 93.8%, signalling management confidence in cash flow stability.
- TTM profit growth of 24% marks a sharp acceleration compared to the 3-year compounded profit growth of just 1%, suggesting a potential earnings inflection.
- Working capital days have improved from 74.0 days to 56.1 days, reflecting better inventory and receivables management and freeing up cash for operations.
- 10-year compounded profit growth of 8% and 10-year ROE averaging 21% demonstrate a track record of long-term value creation through business cycles.
- The price-to-book ratio of 4.92x, while not cheap in absolute terms, is reasonable given an ROCE of 27.93% and near-zero leverage, reflecting genuine asset-light value creation.
- The stock has declined 30% over the past 1 year and shows a negative 10-year stock CAGR of -2%, indicating persistent long-term value erosion for shareholders despite operational profitability.
- TTM sales growth is negative at -3%, and 3-year compounded sales growth is only 3%, pointing to revenue stagnation that may limit future earnings expansion.
- 5-year compounded sales growth of just 6% and a noted poor sales growth of 5.90% over the past five years suggest the company is struggling to grow its top line meaningfully.
- The 3-year stock CAGR of -13% and 5-year stock CAGR of -8% show sustained market de-rating, indicating the market has been unwilling to reward earnings with higher multiples.
- A dividend payout ratio of 93.8% leaves very little room for reinvestment in the business, which could constrain future growth and limit the company's ability to fund expansion organically.
- 3-year compounded profit growth of only 1% suggests the recent TTM profit jump of 24% may be lumpy or non-recurring rather than indicative of a durable trend.
- The stock is trading near its 52-week low of ₹3,226.1, just 0.7% above that level, which may reflect ongoing negative market sentiment or structural concerns about growth.
- As a subsidiary of a global parent, strategic decisions including product launches, R&D priorities and capital allocation may be dictated by the parent's global strategy rather than optimised for Indian market opportunities.
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
TL;DR: Bayer CropScience shows stable governance with a near-unanimous independent director appointment and orderly board transitions. No operational or financial headwinds surfaced in recent disclosures. The leadership changes are routine and tied to parent-company realignment rather than any red flags. Investors should watch for any strategic shifts once the new board composition takes effect in late 2026.
- Director approved near-unanimously Oct 14
Shareholders approved Ravi Moti Kirpalani as Independent Director with 99.99% votes in favor, signaling strong governance confidence.
- Board reshuffle, new director named Nov 3
Dr. Thomas Hoffmann resigned effective Nov 30, 2026 due to expanded Bayer AG duties; Ms. Christiane Temminghoff appointed as Additional Director effective Dec 1, 2026. Rajaram Mohan Babu Boppana also resigned as Cluster Commercial Lead effective Dec 31, 2026 to pursue an external opportunity.
Quarterly Results
₹ Cr| Particulars | 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 (₹) | 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
₹ Cr| Particulars | 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 (₹) | 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
₹ Cr| Particulars | 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
₹ Cr| Particulars | 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
| Particulars | 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% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Bayer CropScience insights
62 extracted metrics across FY11–FY27.
Documents
- Q2 FY26 concall · Nov 2025Transcript PPT
- Q1 FY25 concall · Aug 2024Transcript PPT
- Q4 FY23 concall · Jun 2023Transcript PPT
- Q4 FY22 concall · Jun 2022Transcript PPT
- Q2 FY22 concall · Nov 2021Transcript PPT
- 2 Jun 2020
- 7 Jan 2020
- 29 Nov 2019
- 23 Nov 2018
- 12 Jun 2018
Frequently Asked Questions about Bayer CropScience
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Does Bayer CropScience Ltd pay dividends?
What is the Return on Equity (ROE) of Bayer CropScience Ltd?
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.
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