Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹21,050Cr
Rev Gr TTM
Revenue Growth TTM
7.70%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

BAYERCROP
VS
| Quarter | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | 2.0 | 4.3 | 11.4 | -8.0 | -19.4 | -6.2 | 7.4 | 10.7 | 32.1 | 17.4 | -10.6 | 4.6 |
| 777 | 1,315 | 1,312 | 827 | 695 | 1,317 | 1,554 | 1,037 | 876 | 1,566 | 1,348 | 989 |
Operating Profit Operating ProfitCr |
| 20.9 | 24.4 | 18.9 | 13.4 | 12.3 | 19.3 | 10.6 | 1.9 | 16.3 | 18.2 | 13.2 | 10.6 |
Other Income Other IncomeCr | 24 | 21 | 16 | 15 | 29 | 27 | 24 | 32 | 37 | 19 | 14 | 16 |
Interest Expense Interest ExpenseCr | 7 | 8 | 4 | 3 | 5 | 4 | 3 | 4 | 6 | 5 | 4 | 5 |
Depreciation DepreciationCr | 27 | 31 | 12 | 15 | 16 | 22 | 14 | 15 | 34 | 27 | 14 | 15 |
| 195 | 406 | 306 | 124 | 105 | 316 | 190 | 34 | 168 | 335 | 200 | 113 |
| 37 | 78 | 83 | 31 | 9 | 62 | 54 | -1 | 25 | 57 | 48 | 17 |
|
Growth YoY PAT Growth YoY% | 3.8 | 8.6 | 37.1 | -30.8 | -39.4 | -22.6 | -38.9 | -63.3 | 49.3 | 9.6 | 12.0 | 179.8 |
| 16.1 | 18.9 | 13.8 | 9.8 | 12.1 | 15.6 | 7.8 | 3.2 | 13.7 | 14.6 | 9.8 | 8.7 |
| 35.3 | 73.1 | 49.6 | 20.7 | 21.4 | 56.6 | 30.3 | 7.6 | 31.9 | 62.0 | 34.0 | 21.3 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| | -25.6 | 1.2 | -3.3 | 16.9 | 14.0 | 18.1 | 11.1 | 8.6 | -0.7 | 7.2 | 2.7 |
| 3,208 | 2,334 | 2,389 | 2,301 | 2,686 | 2,883 | 3,450 | 3,923 | 4,216 | 4,149 | 4,784 | 4,779 |
Operating Profit Operating ProfitCr |
| 13.8 | 15.7 | 14.8 | 15.1 | 15.2 | 20.1 | 19.1 | 17.1 | 18.0 | 18.7 | 12.6 | 15.0 |
Other Income Other IncomeCr | 88 | 82 | 70 | 39 | 53 | -64 | 69 | 113 | 168 | 78 | 120 | 86 |
Interest Expense Interest ExpenseCr | 5 | 10 | 7 | 11 | 10 | 14 | 13 | 13 | 22 | 20 | 17 | 20 |
Depreciation DepreciationCr | 25 | 25 | 29 | 33 | 44 | 65 | 74 | 65 | 80 | 74 | 85 | 91 |
| 574 | 482 | 448 | 404 | 480 | 583 | 795 | 847 | 990 | 941 | 707 | 816 |
| 191 | 167 | 157 | 104 | 143 | 109 | 301 | 202 | 232 | 201 | 139 | 146 |
|
| | -17.7 | -7.7 | 3.1 | 12.3 | 40.8 | 3.9 | 30.9 | 17.5 | -2.3 | -23.3 | 18.0 |
| 10.3 | 11.4 | 10.4 | 11.1 | 10.6 | 13.2 | 11.6 | 13.6 | 14.8 | 14.5 | 10.4 | 11.9 |
| 104.6 | 87.3 | 82.3 | 86.2 | 78.5 | 105.6 | 109.7 | 143.6 | 168.7 | 164.8 | 126.4 | 149.2 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|
Equity Capital Equity CapitalCr | 37 | 35 | 35 | 34 | 34 | 45 | 45 | 45 | 45 | 45 | 45 | 45 |
| 1,996 | 1,804 | 2,021 | 1,744 | 2,195 | 2,528 | 2,505 | 2,479 | 2,667 | 2,805 | 2,806 | 3,079 |
Current Liabilities Current LiabilitiesCr | 678 | 522 | 683 | 662 | 1,188 | 1,139 | 1,571 | 1,659 | 1,778 | 1,597 | 2,224 | 1,917 |
Non Current Liabilities Non Current LiabilitiesCr | 62 | 75 | 86 | 95 | 122 | 124 | 118 | 169 | 189 | 150 | 172 | 150 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 2,370 | 2,022 | 2,374 | 2,076 | 2,780 | 3,014 | 3,544 | 3,576 | 3,896 | 3,906 | 4,472 | 4,400 |
Non Current Assets Non Current AssetsCr | 403 | 415 | 451 | 459 | 769 | 821 | 695 | 777 | 782 | 692 | 774 | 791 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | 200 | 207 | 157 | 121 | 433 | 666 | 687 | 216 | 609 | 952 | 262 |
Investing Cash Flow Investing Cash FlowCr | 485 | 16 | -8 | 38 | -415 | -29 | 7 | 64 | 83 | 0 | 86 |
Financing Cash Flow Financing Cash FlowCr | -42 | -590 | -73 | -581 | -158 | -148 | -556 | -703 | -613 | -656 | -619 |
|
Free Cash Flow Free Cash FlowCr | 297 | 170 | 108 | 80 | 378 | 638 | 656 | 168 | 537 | 912 | 222 |
| 52.3 | 65.5 | 54.0 | 40.5 | 128.4 | 140.3 | 139.3 | 33.4 | 80.4 | 128.5 | 46.1 |
CFO To EBITDA CFO To EBITDA% | 38.9 | 47.5 | 38.0 | 29.6 | 90.0 | 91.7 | 84.6 | 26.6 | 65.9 | 99.4 | 38.0 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 12,180 | 13,324 | 13,413 | 14,430 | 15,053 | 15,544 | 23,844 | 22,392 | 18,192 | 23,563 | 22,145 |
Price To Earnings Price To Earnings | 33.1 | 42.3 | 46.2 | 48.0 | 44.6 | 32.7 | 48.3 | 34.7 | 24.0 | 31.8 | 39.0 |
Price To Sales Price To Sales | 3.3 | 4.8 | 4.8 | 5.3 | 4.8 | 4.3 | 5.6 | 4.7 | 3.5 | 4.6 | 4.0 |
Price To Book Price To Book | 6.0 | 7.3 | 6.5 | 8.1 | 6.8 | 6.0 | 9.3 | 8.9 | 6.7 | 8.3 | 7.8 |
| 21.4 | 28.9 | 30.4 | 34.2 | 30.1 | 19.9 | 27.9 | 26.7 | 18.8 | 23.5 | 31.0 |
Profitability Ratios Profitability Ratios |
| 35.2 | 42.8 | 41.3 | 40.9 | 47.5 | 47.1 | 42.6 | 43.7 | 45.2 | 43.0 | 37.9 |
| 13.8 | 15.7 | 14.8 | 15.1 | 15.2 | 20.1 | 19.1 | 17.1 | 18.0 | 18.7 | 12.6 |
| 10.3 | 11.4 | 10.4 | 11.1 | 10.6 | 13.2 | 11.6 | 13.6 | 14.8 | 14.5 | 10.4 |
| 28.4 | 26.7 | 22.1 | 23.3 | 22.0 | 23.2 | 31.3 | 32.9 | 36.3 | 33.2 | 24.5 |
| 18.8 | 17.1 | 14.2 | 16.9 | 15.1 | 18.4 | 19.3 | 25.6 | 28.0 | 26.0 | 19.9 |
| 13.8 | 12.9 | 10.3 | 11.8 | 9.5 | 12.4 | 11.6 | 14.8 | 16.2 | 16.1 | 10.8 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Overview**
Bayer CropScience Limited (BCSL) is a leading player in India’s agricultural sector, operating across three core business areas: **Crop Protection**, **Seeds & Traits**, and **Digital Farming**. The company is committed to transforming Indian agriculture through innovation, sustainability, and farmer-centric solutions. With a strategic focus on integrated farming systems, digital transformation, and climate-smart practices, BCSL aims to enhance productivity, profitability, and environmental resilience for smallholder farmers across the country.
---
### **Key Strategic Initiatives & Developments (July 2025)**
#### **1. Integrated Agricultural Ecosystem & Market Expansion**
- BCSL is expanding its offerings beyond traditional inputs to deliver **integrated pest management**, **customized crop protection**, **advanced seed hybrids**, and **innovative business models** that reduce risks across the value chain.
- The company’s holistic approach improves access to high-quality inputs, boosts farm productivity and income, and supports long-term food and nutritional security.
- Emphasis is placed on **corn** cultivation, aligned with rising domestic demand from the **poultry, livestock, and government-led ethanol production programs**, particularly in states like Bihar.
#### **2. Innovation in Seed Development**
- The **DEKALB®** brand continues to lead India’s corn seed market for the **third consecutive year**, driven by record seed sales and strong farmer trust.
- New high-performing hybrids launched in 2025 include:
- **DEKALB® 7240**: Early-maturity hybrid for Rajasthan, UP, MP, and HP with superior grain quality.
- **DEKALB® 9247**: Suitable for South & Central India; ideal for both Kharif and Rabi seasons.
- **DEKALB® 9248**: High-yielding spring corn hybrid for Punjab and UP.
- **Arize 6555 ST**: A new mid-early maturing rice hybrid with native **Bacterial Leaf Blight (BLB) resistance**, suitable for eastern states.
- The **Abacus-Bio Project** leverages customer insights to develop **Bio-economic Indices (BEI)**, enabling market-specific breeding decisions. BEI values were successfully applied in 2024 to advance wet breeding pipelines.
#### **3. Short Stature Corn (SSC) Advancement**
- Significant progress has been made in developing **Short Stature Corn (SSC)** – a next-gen innovation aimed at improving harvestability, lodging resistance, and yield stability.
- Over **800 parental lines** have been coded, with more than **20 advanced lines** moving through development stages across diverse agronomic zones.
#### **4. Sustainable & Regenerative Agriculture**
- BCSL promotes **Direct Seeded Rice (DSR)** as a resource-efficient alternative to conventional puddled rice, reducing water use by up to 30% and labor costs significantly (e.g., **$500/season savings** reported by participating farmers).
- The company supports regenerative agriculture (RegenAg) via its **ForwardFarming** initiative, operating **29 global ForwardFarms**, including one in India focused on sustainable rice systems for smallholders.
- **Mulching** and **drone-based precision spraying** are widely promoted to enhance irrigation efficiency and reduce chemical waste.
#### **5. Digital Transformation & Farmer Engagement**
- **FarmRise One**, a **phygital (physical + digital) platform**, was launched to provide farmers with **financing options**, **productivity tools**, and **market access**.
- FarmRise One enables **Farmer Producer Organizations (FPOs)** and **Primary Agricultural Credit Societies (PACS)** to function as hybrid retail points, offering seeds, crop protection, mechanization services, and digital advisory.
- The **FarmRise app** integrates satellite imagery, real-time weather forecasts, pest alerts, and market prices for over 60 crops across 180 markets. It also features an **image-based disease diagnostic tool** and **QR-code-based anti-counterfeit verification**.
#### **6. Drone Technology & Precision Farming**
- BCSL has partnered with **General Aeronautics Pvt. Ltd.** to scale **drone spraying services** across eight states, including Haryana, Maharashtra, and Karnataka.
- Drone technology reduces **water usage by 95%**, ensures **uniform application**, minimizes human exposure, and tackles labor shortages.
- R&D collaborations with academic institutions validate drone efficacy and safety, positioning BCSL as a leader in precision agriculture.
#### **7. Research & Development**
- In 2025, BCSL conducted **1,192 field experiments** across 30 crops to evaluate 71 products, including chemical compounds, biologicals, plant growth regulators, and nutrient complexes.
- Collaborations with **over 60 State Agricultural Universities and ICAR institutes** support more than **325 active research projects**, with trial results used for regulatory submissions to CIB-RC.
- Advanced breeding technologies such as **Quantitative Genetic Framework (QGF)**, **double sparse testing**, and **Continuous Cycling (CC)** are accelerating genetic gains and breeding cycles tenfold to adapt to climate change.
#### **8. Better Life Farming (BLF) & Rural Empowerment**
- The **Better Life Farming (BLF)** initiative operates over **1,500 centers** across 10 states, serving over **540,000 smallholder farmers**.
- BLF facilitates **off-take of over 49,000 MT** of produce annually and has onboarded **96 women Agri-Entrepreneurs**, promoting gender inclusion.
- An IFC impact assessment confirms that BLF-participating farmers achieve **higher profitability**, with near-doubled yields and almost tripled incomes.
#### **9. FPO Partnerships & Value Chain Integration**
- BCSL collaborates with **over 3,000 FPOs**, including a targeted partnership with **SFAC to form 50 specialized FPOs** across 10 states.
- These collectives improve input access, market linkages, and financial inclusion, serving as strategic levers for scalable rural outreach.
- FPOs are integrated into new GTM models through **FarmRise One**, enhancing their role as local agri-hubs.
#### **10. Product Performance & Farmer Success Stories**
- Farmer **Ramesh** achieved a **4–5% yield increase** using **Acerbo** (a crop protection product) through sequential early-stage applications, resulting in better disease control, canopy development, and produce shelf life.
- He has since become a community advocate for Bayer’s science-based solutions.
#### **11. Climate-Smart Vision**
- Bayer aims to transform Indian agriculture through **climate-smart practices**, **precision farming**, and **data-driven crop systems**.
- Initiatives such as DSR, carbon farming (e.g., **Rice Carbon Programme**), and dry seeding align with national and global sustainability goals.
---
### **Business Segments**
| Segment | Key Offerings |
|----------------------|---------------|
| **Crop Protection** | Insecticides (e.g., Vayego, Fenos Quick), Fungicides (Buonos 430 SC), Herbicides (Momiji), Seed Treatments (Reatis 480 FS), PGRs (Egnitus 110 SC) |
| **Seeds & Traits** | High-yield DEKALB® corn hybrids; Arize rice hybrids with BLB/BPH resistance; hybrids tailored for drought, pests, and diverse climates |
| **Digital Farming** | FarmRise, AgrowSmart, drone services, Pest Expert 360°, Hello Bayer helpline (serving 20M+ farmers) |
---
### **Recent Product Launches & Milestones**
- **Reatis 480 FS (Tetraniliprole)**: India’s first registered **diamide-based seed treatment** for rice and maize.
- **Vayego (Tetraniliprole SC)**: Effective against stem borers in rice and soybean.
- **Egnitus 110 SC**: Cotton PGR controlling vegetative growth.
- **Arize 8433DT**: Dual-trait rice hybrid resistant to BPH and BLB.
- **DKC9208, DKC8209, DKC9217**: High-performing corn hybrids with regional adaptation.
---
### **Sustainability & Social Impact**
- **Global Commitment**: Support **100 million smallholder farmers** by 2030.
- **Environmental Goals**: Promote soil health, biodiversity conservation, and emission reduction via regenerative practices.
- **Sahbhaagi (Advisor) Program**: Field-level representatives ensure safe product use, digital transaction tracking, and farmer education.
- **Anti-Counterfeiting**: CapSeal technology with optical security and scannable QR codes protects brand integrity.