Please refer to important disclosures at the end of this report
Bayer CropScience Limited (BCSL) is engaged in the manufacturing o
insecticides, rodenticides, fungicides and herbicides. The Company operates
through Agri Care segment and offers crop solutions for various crops, such as
cotton, fruits, millet, mustard, pulses, rice, soybeans, sugar cane, vegetables and
wheat. The current softness in margins to be seasonal in nature and expect the
margins of the company to normalize in the coming quarter as the demand in
the domestic business picks up. The company will continue command premium
valuations compared to its peers due to its strong portfolio of innovative
products, robust pipeline of new products coming from parent‘s strong R&D and
steady cash flow generation. Over 2017-2021, BCSL aims to launch 20 ne
products in crop protection segment, 30 products in seeds segment, and ~100
label extensions in crop protection side. The Company is virtually debt free and
has healthy cash of `763cr. The company has reported a healthy profit growth o
17.69% CAGR and Return on Equity (RoE) of 19% over the last 5 years. Hence
CMP `3,825
Stock Info
Bloomberg Code
Shareholding Pattern (%)
Promoters 68.6
MF / Banks / Indian Fls 14.5
FII / NRIs / OCBs 8.9
Indian Public / Others 8.0
Abs. (%) 3m 1yr 3yr
Sensex 10.9 19.7 34.8
Bayer CropScience (6.9) 6.6 158.2
52 Week High / Low 4627/3466
Avg. Daily Volume 2,450
Market Cap (
cr) 13,592
BSE Sensex 29,398
Nifty 9,085
Face Value (
Reuters Code BAYE.BO
Vaibhav Agrawal
022 – 3935 7800 Ext: 6808
Bayer CropScience
Others |
March 17, 2017
Bayer CropScience |
March 17, 2017
Research Team Tel: 022 - 39357800 E-mail: [email protected] Website:
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Disclosure of Interest Statement Bayer CropScience
1. Financial interest of research analyst or Angel or his Associate or his relative No
2. Ownership of 1% or more of the stock by research analyst or Angel or associates or relatives No
3. Served as an officer, director or employee of the company covered under Research No
4. Broking relationship with company covered under Research No
Ratings (Based on expected returns Buy (> 15%) Accumulate (5% to 15%) Neutral (-5 to 5%)
over 12 months investment
: Reduce
-5% to -15%
< -15