MarketFriction

Bayer CropScience Ltd

NSE BAYERCROP · BSE 506285 · Pesticides & Agrochemicals
₹3,554.20 -2.02%
NSE close2026-10-01
52 week range3,575.00 - 5,149.90
Market cap₹16,191 Cr.
P/E22.1
Price band 20% Delivery 61.8%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,6179557921,6311,7381,0571,0461,9151,5531,1061,1011,835
Expenses1,3128276951,3171,5541,0378761,5661,3489898981,467
Operating Profit3051289731418420171348205117203368
OPM %19%13%12%19%11%1.9%16%18%13%11%18%20%
Other Income161529272432371914164789
Interest435434654564
Depreciation121516221415342714153850
Profit before tax30612410531619034168335200113206402
Tax %27%25%9%20%28%-2%15%17%24%15%21%20%
Net Profit22393962541363414327915396162322
EPS in Rs49.6020.7221.3656.5630.337.6131.8962.0133.9821.2936.0771.56
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,7692,8032,7103,1673,6094,2614,7345,1405,1065,4735,6755,595
Expenses2,3342,3892,3002,6842,8833,4503,9234,2164,1474,7834,8014,702
Operating Profit435414410483726812812924959691874893
OPM %16%15%15%15%20%19%17%18%19%13%15%16%
Other Income82703951-64691121687611895165
Interest10711101413132220172019
Depreciation2529334465746480748594117
Profit before tax482448404480583794847990941707855922
Tax %35%35%26%30%19%38%24%23%21%20%19%
Net Profit315291300337474493645758740568689732
EPS in Rs89.1382.3187.4198.18105.58109.72143.58168.71164.77126.38153.35162.90
Dividend Payout %19%21%21%18%24%105%104%77%85%99%98%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth7%6%3%-3%
Compounded Profit Growth8%7%1%24%
Stock Price CAGR-2%-7%-12%-25%
Return on Equity21%24%23%24%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital373535343445454545454545
Reserves1,9961,8042,0211,7442,2052,5282,5052,4792,6672,8042,8062,921
Borrowings0000022686744710582
Other Liabilities7405977697561,3101,2621,6631,7421,8931,7012,2902,652
Total Liabilities2,7732,4372,8252,5353,5493,8364,2394,3534,6794,5975,2465,699
Fixed Assets322290342334440468425468462414470458
CWIP117243647567698109119119127
Investments2968500041523841543557
Other Assets2,4222,0622,4102,1643,0623,2703,6863,7494,0664,0104,6225,056
Total Assets2,7732,4372,8252,5353,5493,8364,2394,3534,6794,5975,2465,699
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity2002061571214336666872166099522621,078
Cash from Investing Activity48516-838-113-297648308672
Cash from Financing Activity-42-590-73-581-158-148-556-703-613-656-619-624
Net Cash Flow644-36776-421162489138-42479296-272527
Free Cash Flow297170108803786386561685379122221,014
CFO/OP76%86%74%53%132%110%105%59%92%113%61%142%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days575372898173657769696372
Inventory Days85169178175294206226235268222319289
Days Payable4052676716410114212712987148167
Cash Conversion Cycle102171184197211177149185208204234193
Working Capital Days539210413411677618486788856
ROCE %31%25%23%22%25%30%31%31%34%34%25%29%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters71.44%71.44%71.44%71.44%71.44%71.44%71.44%71.44%71.44%71.44%71.44%71.44%
FIIs3.30%3.53%3.62%3.63%3.30%3.42%3.49%3.64%3.80%3.84%3.89%3.97%
DIIs13.23%12.70%12.80%12.47%12.08%11.69%11.56%11.38%11.22%11.47%11.89%11.64%
Public12.05%12.33%12.15%12.47%13.18%13.45%13.53%13.55%13.56%13.27%12.79%12.96%
No. of Shareholders45,32946,90745,85246,20151,28954,28954,21655,75358,10958,57155,79558,884

Fundamentals

Market Cap₹ 16,191 Cr.
Current Price₹ 3,603
Stock P/E22.1
Book Value₹ 660
ROCE29.1 %
ROE23.7 %
Dividend Yield4.16 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-3%
Compounded Profit Growth (TTM)24%
Standalone figures.
Valuation
Market capRs 15,973 Cr
Enterprise valueRs 14,633 Cr
P/E (TTM)21.82x
Price to book5.39x
Price to sales2.85x
EV / EBITDA13.83x
EV / EBIT15.55x
EV / sales2.62x
Price to cash flow14.81x
Earnings yield4.58%
Dividend yield4.22%
P/E, 3-year average33.68x
P/B, 3-year average7.69x
P/E, 5-year average31.96x
P/B, 5-year average7.73x
Profitability
Operating margin (excl. other income)15.40%
Operating margin (incl. other income)17.07%
EBITDA margin18.91%
Pre-tax margin16.47%
Net profit margin13.08%
Net margin, latest quarter17.53%
ROE23.70%
ROCE29.14%
ROA12.59%
ROE, 3-year average23.42%
ROCE, 3-year average29.24%
ROA, 3-year average13.37%
ROE, 5-year average24.93%
ROCE, 5-year average31.68%
ROA, 5-year average14.38%
ROIC (approx.)46.67%
Tax rate19.38%
Other income / net worth3.20%
Growth
Sales growth (latest year)3.68%
Profit growth (latest year)21.34%
Sales CAGR, 3 years3.36%
Sales CAGR, 5 years5.90%
Profit CAGR, 3 years-3.13%
Profit CAGR, 5 years6.93%
Sales growth QoQ66.70%
Profit growth QoQ98.40%
Sales growth YoY (latest quarter)-4.16%
Profit growth YoY (latest quarter)15.39%
Per share
EPS (TTM)Rs 162.90
EPS (latest year)Rs 153.35
EPS (latest quarter)Rs 71.56
EPS, 3-year averageRs 148.17
EPS, 5-year averageRs 151.36
Book value per shareRs 659.89
Sales per shareRs 1,245.02
Cash flow per shareRs 239.98
Free cash flow per shareRs 225.62
Dividend per share (latest year)Rs 149.86
Dividend per share, 3-year averageRs 138.20
Dividend per share, 5-year averageRs 138.87
Dividends
Dividend payout97.72%
Dividend payout, 3-year average93.81%
Dividend payout, 5-year average92.56%
Efficiency
Asset turnover1.00x
Fixed asset turnover12.38x
Inventory turnover1.66x
Inventory days221 days
Debtor days72 days
Debtors turnover5.09x
Creditor days167 days
Cash conversion cycle193 days
Working capital days56 days
Leverage
Total debtRs 82 Cr
Cash and bankRs 1,422 Cr
Net debtRs -1,340 Cr
Debt to equity0.03x
Net debt / EBITDA-1.27x
Interest coverage48.52x
Owners' fund to total sources52.04%
Debt to assets1.44%
Cash flow
Cash from Operating Activity (latest year)Rs 1,078 Cr
Cash from Investing Activity (latest year)Rs 72 Cr
Cash from Financing Activity (latest year)Rs -624 Cr
Net Cash Flow (latest year)Rs 527 Cr
Free cash flow (latest year)Rs 1,014 Cr
FCFE (approx.: FCF + change in debt)Rs 991 Cr
Cash from ops / profit, 5 years0.92x
Sales to cash flow5.26x
Statement figures
Net sales (TTM)Rs 5,595 Cr
Net sales (latest year)Rs 5,675 Cr
Sales (latest quarter)Rs 1,835 Cr
Operating profit excl. other income (latest year)Rs 874 Cr
Operating profit (latest quarter)Rs 368 Cr
Other income (TTM)Rs 165 Cr
EBITDA (TTM)Rs 1,058 Cr
PBDT (TTM)Rs 1,039 Cr
Profit before tax (TTM)Rs 922 Cr
Tax (latest year)Rs 166 Cr
Net profit (TTM)Rs 732 Cr
Net profit (latest year)Rs 689 Cr
Net profit (latest quarter)Rs 322 Cr
Depreciation (TTM)Rs 117 Cr
Depreciation (latest quarter)Rs 50 Cr
Interest (TTM)Rs 19 Cr
Cost of goods sold (latest year)Rs 3,534 Cr
Total expenditure (latest year)Rs 4,801 Cr
Total income (latest year)Rs 5,770 Cr
Share capitalRs 45 Cr
ReservesRs 2,921 Cr
Shareholders' fundsRs 2,966 Cr
Total assetsRs 5,699 Cr
Net blockRs 458 Cr
Capital work in progressRs 127 Cr
InvestmentsRs 57 Cr
ReceivablesRs 1,116 Cr
InventoryRs 2,136 Cr
Other liabilitiesRs 2,652 Cr
Shares outstanding (crore)4.49
Ownership
Promoter holding71.44% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 21.8 is the lowest in its own 9.4-year history (median 44.9, low 21.8, high 72.7).
P/B 5.39 is the lowest in 9.4 years (median 8.82).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodBAYERCROPNifty 50Difference
1 week-4.9%-2.8% -2.1 pts
1 month-10.9%-6.8% -4.1 pts
3 months-14.1%-7.6% -6.4 pts
6 months-23.5%+0.4% -23.9 pts
1 year-28.7%-9.9% -18.8 pts
2 years-43.0%-13.6% -29.5 pts
3 years-33.4%+14.2% -47.6 pts
5 years-32.6%+27.9% -60.5 pts
65 mutual fund schemes hold about ₹1,661 Cr. Over three months 49 bought more and 5 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Quant Small Cap Fund1.16%412 +3%
DSP Small Cap Fund1.06%229 +1%
Nippon India Small Cap Fund0.27%225 +6%
Aditya Birla SL Large Cap Fund0.44%131 +9%
DSP Multi Asset Allocation Fund0.71%78 +2%
Bandhan ELSS-Tax Saver Fund1.01%70 +11%
Bandhan Value Fund0.68%68 +11%
Aditya Birla SL MNC Fund1.73%57 -1%
HSBC Value Fund0.35%54 +8%
Bandhan Flexi Cap Fund0.67%51 +65%
Tata India Pharma & Healthcare Fund3.01%46 +10%
DSP Multi Cap Fund1.16%35 +8%
Tata Business Cycle Fund1.04%27 +14%
Bandhan Multi Cap Fund0.84%26 +9%
Tata Flexi Cap Fund0.42%15 +1293%
NJ ELSS Tax Saver Fund3.95%14 +7%
HDFC Multi Asset Allocation Fund0.20%12 +9%
Bandhan Multi Asset Allocation Fund0.32%12 +20%
HDFC Equity Savings Fund0.21%12 +9%
Bank of India Multi Cap Fund0.86%11 -1%
DSP Business Cycle Fund0.72%11 -4%
Bank of India Mfg & Infra Fund(Q1.10%10 -2%
ICICI Pru Children's Fund0.61%9 +97%
Nippon India Nifty Smallcap 250 Index Fund0.23%8 +7%
HDFC Retirement Fund-Hybrid-Equity Plan0.37%6 +12%

Red flags

F-score 7 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹1,835 Cr -4.2% vs Jun 2025. Net profit ₹322 Cr +15.4%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-08-05Dividend - Rs 60 Per Share
2025-11-14Interim Dividend - Rs 90 Per Share
2025-08-07Dividend - Rs 35 Per Share
2024-11-28Interim Dividend - Rs 90 Per Share
2024-08-01Annual General Meeting/Dividend - Rs 35 Per Share
2023-11-16Interim Dividend - Rs 105 Per Share
2023-08-04Annual General Meeting/Dividend - Rs 30 Per Share
2022-11-17Interim Dividend - Rs 100 Per Share
2022-08-04Annual General Meeting/Dividend - Rs 25 Per Share
2021-11-11 Special Dividend - Rs 125 Per Share
2021-07-27 Annual General Meeting/Dividend - Rs 25 Per Share
2020-07-27 Annual General Meeting/Dividend - Rs 25 Per Share
2020-06-23 Interim Dividend - Rs 90 Per Share
2019-07-10 Annual General Meeting/Dividend - Rs 18 Per Share
2018-08-06 Annual General Meeting/Dividend Rs 18/- Per Share
2017-08-07 Buy Back
2017-08-07 Annual General Meeting/Dividend - Rs 17 Per Share
2016-08-29 Annual General Meeting/Dividend Rs 17/- Per Share
2015-09-03 Annual General Meeting/ Dividend - Rs 17/- Per Share
2015-08-03 Buyback Of Shares
2014-09-19Interim Dividend Rs.4/- Per Share (Purpose Revised)
2014-08-13Annual General Meeting / Dividend - Rs 5.50/- Per Share
2013-10-07Buy Back-Tender Offer
2013-08-12Annual General Meeting / Dividend - Rs 5/- Per Share
2012-08-08Annual General Meeting/ Dividend Rs 4.20 Per Share
2011-08-09Annual General Meeting And Dividend Rs.4/- Per Share
2010-09-09Annual General Meeting And Dividend Rs.4/- Per Share
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-07-26NCLTM/s. Bayer Cropscience Ltd. Vs Coromandel Agrisco Pvt. Ltd.
2021-01-19NCLTM/s. Bayer Cropscience Ltd. Vs Coromandel Agrisco Pvt. Ltd.
2020-12-02NCLTM/s. Bayer Cropscience Ltd. Vs Coromandel Agrisco Pvt. Ltd.
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Bayer CropScience Ltd?

Bayer CropScience Ltd (BAYERCROP) has a market capitalisation of Rs 16,191 Cr. at the 2026-10-01 close.

What is the P/E ratio of Bayer CropScience Ltd?

Bayer CropScience Ltd trades at a P/E of 22.1 on trailing twelve-month profit, at the 2026-10-01 close.

What were Bayer CropScience Ltd's latest quarterly results?

In the Jun 2026 quarter, Bayer CropScience Ltd sales was Rs 1,835 Cr (-4.2% vs Jun 2025) and net profit was Rs 322 Cr.

What is the 52-week high and low of Bayer CropScience Ltd?

The 52-week high is Rs 5,149.90 and the 52-week low is Rs 3,575.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03