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Indian subsidiary of Germany's Bayer, selling crop-protection chemicals and hybrid seeds (corn, vegetables) to farmers.
Indian subsidiary of Germany's Bayer, selling crop-protection chemicals and hybrid seeds (corn, vegetables) to farmers.
Sales follow the monsoon cycle: farmers buy crop-protection products and seed before each growing season, so rainfall and the timing of the season move quarterly results. Products reach farmers through agri-input distributors and dealers. It is majority-owned by Bayer AG.
Moat: narrow (brand, IP / patents, distribution). Bayer's global R&D pipeline and seed genetics give differentiated products, but UPL/Syngenta compete for the same farmer base.
Headquarters: Mumbai, India · Founded: 1958 · Employees: 2,807
Size Bayer Cropscience India (BAYERCROP.NS) is an India Materials company (Chemicals: Agricultural) with a market value of $1.58B, the 446th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹3,316 on 6 Nov 2026.
Performance Over six months the shares fell 28.5%, against -25.1% for the median peer and 0.0% for the India market (cap-weighted) — 8th lowest of 21 in its peer set.
Growth Revenue fell 5.0% over the last twelve months (peer median +6.1%); the operating margin is 14.9% (peer median 7.2%).
Valuation It trades at 19.5× forward earnings against a peer median of 15.5× (8th most expensive of 19).
Price implies For today's price to make sense, revenue must grow about 16% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is +10 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 8.3 points above its cost of capital (13.4% WACC).
Next results Next results expected around 14 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹52.9B | ₹56.7B | ₹54.7B | ₹51.0B | ₹51.4B |
| Revenue growth | — | +4% | +7% | -1% | — |
| Gross profit | ₹18.0B | ₹16.1B | ₹13.8B | ₹15.5B | ₹15.8B |
| EBITDA | ₹9.05B | ₹8.97B | ₹7.16B | ₹9.98B | ₹9.47B |
| Net income | ₹7.46B | ₹6.89B | ₹5.68B | ₹7.41B | ₹7.58B |
| Free cash flow | n/a | ₹10.6B | ₹2.74B | ₹9.29B | ₹5.46B |
| Capital expenditure | n/a | ₹645M | ₹434M | ₹457M | ₹773M |
| Total debt | ₹704M | ₹818M | ₹1.05B | ₹471M | ₹735M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Bayer Cropscience India BAYERCROP.NS | $1.58B | -28% | -5% | 15% | 19.5× | 16.1% |
| UPL UPL.NS | $4.78B | -18% | +10% | 14% | 14.8× | 10.9% |
| PI Industries PIIND.NS | $2.79B | -44% | -15% | 13% | 22.7× | n/a |
| Sumitomo Chemical India SUMICHEM.NS | $1.74B | -34% | -3% | 18% | 28.1× | 23.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | BAYERCROP.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.0% | -8.3% | 8th highest of 21 |
| 6-month return | -28.5% | -25.1% | 8th lowest of 21 |
| Distance from 52-week high | -34.5% | -34.1% | 11th highest of 21 |
| Revenue growth (TTM) | -5.0% | +6.1% | 3rd lowest of 21 |
| Operating margin | 14.9% | 7.2% | 3rd highest of 21 |
| Forward P/E | 19.5× | 15.5× | 8th most expensive of 19 |
| Growth the price implies (Req g, 7 yrs) | 16.1% | 4.1% | 4th most demanding of 11 |
| Growth delivered (Del g) | +5.9% | +5.5% | 6th highest of 11 |
| Hurdle (Req g minus delivered) | +10.2 pp | -4.6 pp | 3rd most demanding of 11 |
| ROIC minus cost of capital | +8.3 pp | +0.2 pp | 2nd highest of 21 |
| EV / EBITDA | 15.9× | 8.8× | 2nd most expensive of 8 |
| Net debt / EBITDA | -0.5× | 2.5× | 3rd least indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Bayer Cropscience India BAYERCROP.NS | India | $1.58B | -28% | -5% | 15% | 19.5× | 16.1% | +5.9% |
| Paradeep Phosphates PARADEEP.NS | India | $1.57B | +12% | +31% | 7% | 17.6× | n/a | n/a |
| Hubei Yihua Chemical Industry 000422.SZ | China | $1.60B | -42% | +15% | 5% | 15.2× | n/a | n/a |
| Deepak Fertilisers and Petrochemicals DEEPAKFERT.NS | India | $1.54B | -14% | +14% | 13% | 10.1× | n/a | n/a |
| Atul ATUL.NS | India | $1.63B | -26% | +18% | 12% | 19.7× | 18.2% | +11.0% |
| Tata Chemicals TATACHEM.NS | India | $1.64B | -25% | +2% | 3% | 85.9× | n/a | n/a |
| China XLX Fertiliser 1866.HK | Hong Kong | $1.51B | -27% | +24% | 8% | 6.7× | n/a | n/a |
| Shenzhen Batian Ecological Technique 002170.SZ | China | $1.44B | -29% | +3% | 23% | 7.1× | -8.1% | +18.8% |
| Sumitomo Chemical India SUMICHEM.NS | India | $1.74B | -34% | -3% | 18% | 28.1× | 23.4% | +4.1% |
| Zhejiang Xinan Chemical Industrial 600596.SS | China | $1.75B | -31% | +5% | 2% | 22.9× | 12.4% | +3.1% |
| Holitech Technology 002217.SZ | China | $1.41B | -58% | +17% | 2% | n/a | 45.7% | -37.1% |
| Huapont Life Sciences 002004.SZ | China | $1.39B | -5% | -6% | 11% | n/a | -8.7% | +1.1% |
| Lier Chemical 002258.SZ | China | $1.85B | +20% | +6% | 8% | 21.0× | n/a | n/a |
| Sichuan Development Lomon 002312.SZ | China | $1.93B | -36% | +5% | 6% | 35.0× | 8.2% | +14.0% |
| Jiang Su Suyan Jingshen 603299.SS | China | $1.28B | -18% | -5% | 5% | 25.9× | n/a | n/a |
| Stanley Agricultural 002588.SZ | China | $1.27B | -33% | +3% | 8% | 8.8× | n/a | n/a |
| Shenzhen Noposion Crop Science 002215.SZ | China | $1.25B | -23% | +12% | 13% | 9.3× | -3.9% | +6.9% |
| E.I.D.-Parry (India) EIDPARRY.NS | India | $1.21B | -24% | +16% | 7% | 11.4× | n/a | n/a |
| Chengdu Wintrue 002539.SZ | China | $2.09B | -24% | +6% | 6% | 11.7× | n/a | n/a |
| Taiwan Fertilizer 1722.TW | Taiwan | $1.18B | -15% | +4% | -16% | 13.7× | 0.0% | +3.5% |
| CAC Nantong Chemical 301665.SZ | China | $1.17B | -26% | +27% | 13% | 15.8× | -1.7% | +11.9% |