Bayer CropScience Ltd

₹ 4,839 -1.38%
23 Sep - 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 21,747 Cr.
  • Current Price 4,839
  • High / Low 5,668 / 4,101
  • Stock P/E 33.4
  • Book Value 562
  • Dividend Yield 0.52 %
  • ROCE 30.9 %
  • ROE 23.7 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 77.6%

Cons

  • Stock is trading at 8.62 times its book value
  • The company has delivered a poor sales growth of 11.0% 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

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
950 1,346 854 459 1,228 1,382 918 734 1,416 1,365 990 963 1,667
749 1,040 694 400 902 1,084 812 651 1,094 1,143 924 763 1,272
Operating Profit 202 306 160 58 325 298 106 83 322 222 66 201 395
OPM % 21% 23% 19% 13% 26% 22% 12% 11% 23% 16% 7% 21% 24%
-7 -68 22 -11 14 15 18 22 15 14 68 16 14
Interest 3 5 4 3 3 2 4 4 2 2 3 6 4
Depreciation 14 17 15 19 24 14 14 22 15 14 14 21 23
Profit before tax 178 216 164 26 313 296 106 80 320 220 118 190 382
Tax % 24% 21% 16% -23% 19% 24% 143% 22% 21% 30% 28% 19% 21%
Net Profit 135 170 138 32 252 225 -45 62 254 154 85 153 303
EPS in Rs 39.41 49.46 30.68 7.01 56.01 49.98 -10.04 13.77 56.45 34.29 18.87 33.98 67.33
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
2,097 2,233 2,682 3,188 3,660 2,769 2,803 2,710 3,167 3,609 4,261 4,734 4,986
1,874 1,980 2,321 2,768 3,144 2,334 2,389 2,300 2,684 2,883 3,450 3,923 4,102
Operating Profit 223 254 362 419 516 435 414 410 483 726 812 812 884
OPM % 11% 11% 13% 13% 14% 16% 15% 15% 15% 20% 19% 17% 18%
17 -14 1,242 91 88 82 70 39 51 -64 69 112 112
Interest 8 2 4 5 5 10 7 11 10 14 13 13 14
Depreciation 33 34 37 65 25 25 29 33 44 65 74 64 73
Profit before tax 199 204 1,563 441 574 482 448 404 480 583 794 847 909
Tax % 34% 32% 26% 34% 33% 35% 35% 26% 30% 19% 38% 24%
Net Profit 132 139 1,162 290 383 315 291 300 337 474 493 645 694
EPS in Rs 33.32 35.19 294.11 79.06 104.59 89.13 82.31 87.41 98.18 105.58 109.72 143.58 154.47
Dividend Payout % 12% 12% 2% 7% 20% 19% 21% 21% 18% 24% 105% 104%
Compounded Sales Growth
10 Years: 8%
5 Years: 11%
3 Years: 14%
TTM: 12%
Compounded Profit Growth
10 Years: 13%
5 Years: 16%
3 Years: 21%
TTM: 33%
Stock Price CAGR
10 Years: 16%
5 Years: 4%
3 Years: 13%
1 Year: -10%
Return on Equity
10 Years: 19%
5 Years: 20%
3 Years: 22%
Last Year: 24%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
40 40 40 37 37 35 35 34 34 45 45 45
Reserves 634 753 1,892 1,706 1,996 1,804 2,021 1,744 2,194 2,528 2,505 2,479
108 0 0 0 0 0 0 0 0 2 26 86
778 1,048 484 645 740 597 769 756 1,320 1,262 1,663 1,742
Total Liabilities 1,560 1,841 2,415 2,387 2,773 2,437 2,825 2,535 3,549 3,836 4,239 4,353
348 248 219 228 322 290 342 334 440 468 425 468
CWIP 6 9 127 217 1 17 24 36 47 56 76 98
Investments 4 4 4 4 29 68 50 0 0 41 52 38
1,202 1,580 2,066 1,939 2,422 2,062 2,410 2,164 3,062 3,270 3,686 3,749
Total Assets 1,560 1,841 2,415 2,387 2,773 2,437 2,825 2,535 3,549 3,836 4,239 4,353

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
122 107 138 282 200 206 157 121 433 666 687 216
195 88 427 -290 485 16 -8 38 -113 -29 7 64
-32 -128 -21 -480 -42 -590 -73 -581 -158 -148 -556 -703
Net Cash Flow 285 67 544 -488 644 -367 76 -421 162 489 138 -424

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 49 42 44 47 57 53 72 89 81 73 65 77
Inventory Days 119 128 106 98 85 169 178 175 294 206 226 235
Days Payable 80 67 42 51 40 52 67 67 164 101 142 127
Cash Conversion Cycle 88 103 108 94 102 171 184 197 211 177 149 185
Working Capital Days 46 9 79 88 53 92 104 134 116 77 62 87
ROCE % 29% 34% 29% 24% 31% 25% 23% 22% 25% 30% 31% 31%

Shareholding Pattern

Numbers in percentages

2 recently
Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
68.69 71.43 71.43 71.43 71.43 71.43 71.43 71.43 71.43 71.43 71.43 71.43
3.32 2.68 2.17 2.34 2.79 2.60 2.87 2.97 3.05 2.99 2.90 2.95
16.28 12.99 13.86 13.56 12.63 12.47 12.49 11.34 12.23 12.53 12.90 13.10
11.71 12.90 12.53 12.67 13.15 13.50 13.21 14.26 13.28 13.05 12.77 12.51

Documents

Concalls