Bayer CropScience Ltd

Bayer CropScience Ltd

₹ 5,788 2.15%
21 Nov - close price
About

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]

Key Points

Business Areas

  • Market Cap 26,010 Cr.
  • Current Price 5,788
  • High / Low 7,197 / 4,869
  • Stock P/E 44.9
  • Book Value 686
  • Dividend Yield 2.42 %
  • ROCE 33.9 %
  • ROE 26.7 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 25.5%
  • Company has been maintaining a healthy dividend payout of 88.8%

Cons

  • Stock is trading at 8.49 times its book value
  • The company has delivered a poor sales growth of 10.0% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
1,365 990 963 1,667 1,452 1,038 982 1,740 1,617 955 792 1,631 1,738
1,143 924 763 1,272 1,214 952 777 1,315 1,312 827 695 1,317 1,554
Operating Profit 222 66 201 395 238 85 206 425 305 128 97 314 184
OPM % 16% 7% 21% 24% 16% 8% 21% 24% 19% 13% 12% 19% 11%
14 68 16 14 14 116 24 21 16 15 30 28 24
Interest 2 3 6 4 8 3 7 8 4 3 5 4 3
Depreciation 14 14 21 23 15 14 27 31 12 15 16 22 14
Profit before tax 220 118 190 382 229 184 195 406 306 124 105 316 190
Tax % 30% 28% 19% 21% 29% 27% 19% 19% 27% 25% 9% 20% 28%
154 85 153 303 163 134 158 328 223 93 96 254 136
EPS in Rs 34.29 18.87 33.98 67.33 36.18 29.93 35.27 73.09 49.60 20.72 21.36 56.56 30.33
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
2,682 3,188 3,660 2,769 2,803 2,710 3,167 3,609 4,261 4,734 5,140 5,103 5,115
2,321 2,768 3,144 2,334 2,389 2,300 2,684 2,883 3,450 3,923 4,216 4,147 4,393
Operating Profit 362 419 516 435 414 410 483 726 812 812 924 956 722
OPM % 13% 13% 14% 16% 15% 15% 15% 20% 19% 17% 18% 19% 14%
1,242 91 88 82 70 39 51 -64 69 112 168 79 95
Interest 4 5 5 10 7 11 10 14 13 13 22 20 16
Depreciation 37 65 25 25 29 33 44 65 74 64 80 74 67
Profit before tax 1,563 441 574 482 448 404 480 583 794 847 990 941 736
Tax % 26% 34% 33% 35% 35% 26% 30% 19% 38% 24% 23% 21%
1,162 290 383 315 291 300 337 474 493 645 758 740 580
EPS in Rs 294.11 79.06 104.59 89.13 82.31 87.41 98.18 105.58 109.72 143.58 168.71 164.77 128.97
Dividend Payout % 2% 7% 20% 19% 21% 21% 18% 24% 105% 104% 77% 85%
Compounded Sales Growth
10 Years: 5%
5 Years: 10%
3 Years: 6%
TTM: -5%
Compounded Profit Growth
10 Years: 10%
5 Years: 17%
3 Years: 15%
TTM: -25%
Stock Price CAGR
10 Years: 7%
5 Years: 9%
3 Years: 7%
1 Year: 9%
Return on Equity
10 Years: 21%
5 Years: 24%
3 Years: 25%
Last Year: 27%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 40 37 37 35 35 34 34 45 45 45 45 45 45
Reserves 1,892 1,706 1,996 1,804 2,021 1,744 2,205 2,528 2,505 2,479 2,667 2,804 3,037
0 0 0 0 0 0 0 2 26 86 74 47 33
484 645 740 597 769 756 1,310 1,262 1,663 1,742 1,893 1,701 2,155
Total Liabilities 2,415 2,387 2,773 2,437 2,825 2,535 3,549 3,836 4,239 4,353 4,679 4,597 5,270
219 228 322 290 342 334 440 468 425 468 462 414 516
CWIP 127 217 1 17 24 36 47 56 76 98 109 119 2
Investments 4 4 29 68 50 0 0 41 52 38 41 54 63
2,066 1,939 2,422 2,062 2,410 2,164 3,062 3,270 3,686 3,749 4,066 4,010 4,690
Total Assets 2,415 2,387 2,773 2,437 2,825 2,535 3,549 3,836 4,239 4,353 4,679 4,597 5,270

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
138 282 200 206 157 121 433 666 687 216 609 952
427 -290 485 16 -8 38 -113 -29 7 64 83 0
-21 -480 -42 -590 -73 -581 -158 -148 -556 -703 -613 -656
Net Cash Flow 544 -488 644 -367 76 -421 162 489 138 -424 79 296

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 44 47 57 53 72 89 81 73 65 77 69 69
Inventory Days 106 98 85 169 178 175 294 206 226 235 268 222
Days Payable 42 51 40 52 67 67 164 101 142 127 129 87
Cash Conversion Cycle 108 94 102 171 184 197 211 177 149 185 208 204
Working Capital Days 79 88 53 92 104 134 116 77 62 87 89 80
ROCE % 29% 24% 31% 25% 23% 22% 25% 30% 31% 31% 34% 34%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
71.43% 71.43% 71.43% 71.44% 71.44% 71.44% 71.44% 71.44% 71.44% 71.44% 71.44% 71.44%
2.99% 2.90% 2.95% 3.10% 3.19% 3.18% 3.18% 3.30% 3.53% 3.62% 3.63% 3.30%
12.53% 12.90% 13.10% 12.76% 12.78% 12.74% 13.06% 13.23% 12.70% 12.80% 12.47% 12.08%
13.05% 12.77% 12.51% 12.71% 12.59% 12.64% 12.32% 12.05% 12.33% 12.15% 12.47% 13.18%
No. of Shareholders 62,17860,23057,76057,89657,04857,25348,40445,32946,90745,85246,20151,289

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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