# Bayer CropScience (BAYERCROP) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/bayercrop

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹3,319
- Change: +0.57%
- As of: 2026-11-06
- 1D return: +0.57%
- 5D return: +1.91%
- 1M return: -1.85%
- Latest complete quarter: —

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

BAYERCROP (₹3,319) exhibits a strong daily downtrend with weak momentum and elevated volatility. The ADX of 57.56 confirms significant trend conviction, while the Supertrend remains bearish across daily and weekly horizons. Price is trading below all major moving averages, indicating persistent selling pressure. Recent activity includes a high-severity upward gap on November 5 (+1.6%) following heavy participation on November 4 (-0.9%, volume ratio 2.89), suggesting volatile but unresolved sentiment. The stock is near the lower end of its 20-day (+20.1%), 50-day (+10.6%), and 252-day (+5.1%) ranges, with a current drawdown of -48.8%. Immediate resistance lies at ₹3,324.53 (0.17% above) and ₹3,348.77 (0.90% above), while support is found at ₹3,304.77 (pivot, 0.43% below) and ₹3,280.53 (low, 1.16% below). A monthly bullish Supertrend contrasts with the daily/weekly bearish structure, highlighting timeframe divergence.

- Trend Strength: Daily ADX is 57.56 (strong), with price below all daily/weekly MAs and Supertrend; monthly Supertrend is bullish but ADX is weak (18.13).
- Price Positioning: Trading at ₹3,319, near the lower end of 20-day (+20.1%), 50-day (+10.6%), and 252-day (+5.1%) ranges; current drawdown is -48.8%.
- Key Levels: Resistance at ₹3,324.53 (0.17% above) and ₹3,348.77 (0.90% above); Support at ₹3,304.77 (0.43% below) and ₹3,280.53 (1.16% below).
- Momentum & Risk: High-severity upward gap on Nov 5 (+1.6%) followed heavy volume on Nov 4; annualized volatility is +25.8% with ATR at 2.48%.

- Inside Bar
- Shooting Star
- Outside Bar

### News Context

Bayer CropScience reported its Q2 FY27 results on November 4, 2026, revealing a divergence between top-line contraction and bottom-line resilience. Revenue fell 19.5% year-on-year to ₹1,250.7 crore, driven by uneven monsoon conditions and reduced corn acreage. However, profit before tax (PBT) rose 6% to ₹211.4 crore, while net profit increased 9% to ₹166.2 crore. This improvement was attributed to better gross margins from corn seed yields and operational cost efficiencies that offset the sales decline. Additionally, the board declared an interim dividend of ₹90 per equity share for FY2027.

- Q2 FY27 revenue declined 19.5% YoY to ₹1,250.7 crore due to weak corn acreage and monsoon variability.
- Profit before tax grew 6% to ₹211.4 crore and net profit rose 9% to ₹166.2 crore, supported by margin expansion and cost controls.
- The board approved an interim dividend of ₹90 per share for FY2027.

- [Bayer CropScience Q2 FY27 Revenue Takes A 19.5% Hit As Weak Corn Acreage Weighs On Business, Profit Before Tax Grows 6% To ₹211.4 Crore Despite Challenges As Board Declares ₹90 Dividend Per Share](https://www.freepressjournal.in/business/bayer-cropscience-q2-fy27-revenue-takes-a-195-hit-as-weak-corn-acreage-weighs-on-business-profit-before-tax-grows-6-to-2114-crore-despite-challenges-as-board-declares-90-dividend-per-share)
- [Bayer CropScience Q2 net up 9% at ₹166.2 cr despite drop in revenues](https://www.thehindubusinessline.com/economy/agri-business/bayer-cropscience-q2-net-up-9-at-1662-cr-despite-drop-in-revenues/article71664165.ece)

### Official Filings

Bayer CropScience reported Q2 FY27 results showing a 19.5% year-on-year revenue decline to ₹1,250.7 crore, driven by uneven monsoon conditions and reduced corn acreage. Despite the sales contraction, profit before tax rose 6% to ₹211.4 crore, with net profit increasing 9% to ₹166.2 crore, supported by improved gross margins from corn seed yields and cost efficiencies. The board declared an interim dividend of ₹90 per equity share for FY2027. As of November 6, 2026, the stock trades at ₹3,319.0 on the NSE, reflecting a significant long-term drawdown with a current drawdown of -48.8% and a one-year return of -30.0%. Technical indicators show a bearish daily trend with strong downward momentum (ADX 57.56), while monthly trends remain bullish. Key resistance levels are noted at ₹3,324.53 and ₹3,348.77, with support at ₹3,304.77.

- Q2 FY27 Net Profit: Increased 9% to ₹166.2 crore despite a 19.5% revenue drop to ₹1,250.7 crore, due to margin improvements and cost efficiencies.
- Dividend Declaration: Board approved an interim dividend of ₹90 per equity share for the financial year ending March 31, 2027.
- Price Action: Stock closed at ₹3,319.0 on Nov 6, 2026, with a YTD return of -26.9% and a maximum drawdown of -49.9% over the tracked period.
- Technical Context: Daily trend is bearish with high volatility (ADX 57.56); nearest resistance at ₹3,324.53 and support at ₹3,304.77.

- Bayer CropScience Q2 FY27 Revenue Takes A 19.5% Hit As Weak Corn Acreage Weighs On Business, Profit Before Tax Grows 6% To ₹211.4 Crore Despite Challenges As Board Declares ₹90 Dividend Per Share
- Bayer CropScience Q2 net up 9% at ₹166.2 cr despite drop in revenues

### Fundamentals

Bayer CropScience demonstrates a significant divergence between earnings growth and revenue contraction in the September 2026 quarter. While sales fell 19% year-on-year to ₹1,251 crore, operating profit rose to ₹218 crore and net profit increased to ₹166 crore, resulting in an EPS of ₹36.98. This indicates improved margin efficiency or cost control despite lower top-line volume. Cash generation remains robust, with annual CFO reaching ₹1,078 crore in FY2026 and a strong cash conversion ratio of 142%. The balance sheet shows deleveraging, with borrowings declining to ₹70 crore as of Sep 2026, and capital expenditure completing as CWIP dropped sharply from ₹127 crore to ₹6 crore. However, working capital management has deteriorated, with inventory days rising to 289 and debtor days increasing to 72, extending the cash conversion cycle to 193 days. Shareholding remains stable with promoters holding 71.44%.

- Earnings Quality Divergence: Q2 FY2026 saw a 19% YoY sales decline to ₹1,251 crore, yet net profit grew to ₹166 crore (EPS ₹36.98), highlighting margin expansion against shrinking revenue.
- Balance Sheet Strength: Borrowings decreased sequentially to ₹70 crore (Sep 2026) from ₹82 crore (Mar 2026), and CWIP normalized to ₹6 crore, signaling completion of major capex projects.
- Cash Flow Efficiency: Annual CFO surged to ₹1,078 crore in FY2026 with a CFO/EBITDA ratio of 142%, though working capital days extended to 193 due to higher inventory (289 days) and debtor collection periods (72 days).
- Ownership Stability: Promoter holding remained constant at 71.44% through Sep 2026, while FIIs and DIIs held minor stakes of 3.95% and 11.52% respectively.

### Bull Case

Bayer CropScience demonstrated operational resilience in Q2 FY27, with profit before tax rising 6% to ₹211.4 crore and net profit increasing 9% to ₹166.2 crore despite a 19.5% year-on-year revenue decline to ₹1,250.7 crore. This divergence highlights improved gross margins driven by corn seed yields and cost efficiencies that offset challenges from uneven monsoons and reduced corn acreage. The board declared an interim dividend of ₹90 per equity share for FY2027, reinforcing shareholder returns. While daily technical indicators remain bearish with the stock down 30% over the past year, the monthly trend shows a bullish super-trend direction, suggesting potential long-term structural support.

- Q2 FY27 profit before tax grew 6% to ₹211.4 crore and net profit rose 9% to ₹166.2 crore, decoupling from the 19.5% revenue drop due to margin expansion.
- Board declared an interim dividend of ₹90 per equity share for FY2027, signaling confidence in cash flow generation.
- Monthly technical trend remains bullish as of November 6, 2026, contrasting with bearish daily signals and a -30% one-year return.

- [Bayer CropScience Q2 FY27 Revenue Takes A 19.5% Hit As Weak Corn Acreage Weighs On Business, Profit Before Tax Grows 6% To ₹211.4 Crore Despite Challenges As Board Declares ₹90 Dividend Per Share](https://www.freepressjournal.in/business/bayer-cropscience-q2-fy27-revenue-takes-a-195-hit-as-weak-corn-acreage-weighs-on-business-profit-before-tax-grows-6-to-2114-crore-despite-challenges-as-board-declares-90-dividend-per-share)
- [Bayer CropScience Q2 net up 9% at ₹166.2 cr despite drop in revenues](https://www.thehindubusinessline.com/economy/agri-business/bayer-cropscience-q2-net-up-9-at-1662-cr-despite-drop-in-revenues/article71664165.ece)

### Bear Case

Bayer CropScience faces significant headwinds, evidenced by a 19.5% year-on-year revenue decline to ₹1,250.7 crore in Q2 FY27, driven by uneven monsoon conditions and reduced corn acreage. Despite this top-line contraction, the stock has suffered a severe technical breakdown, with a current drawdown of -48.8% from its peak and a maximum drawdown of -49.9%. The daily trend is bearish, characterized by an ADX of 57.56 indicating strong downward momentum, while the 20-day EMA slope remains negative at -68.14. Over the past year, the stock has returned -30.0%, and it is down -26.9% year-to-date as of November 6, 2026. Although profit before tax grew 6% to ₹211.4 crore due to cost efficiencies, the persistent revenue weakness and steep price depreciation highlight substantial operational and market risks.

- Revenue contracted 19.5% YoY to ₹1,250.7 crore in Q2 FY27 due to adverse weather and lower corn acreage.
- Stock exhibits a deep structural downtrend with a current drawdown of -48.8% and a one-year return of -30.0%.
- Daily technical indicators show strong bearish momentum (ADX 57.56) with negative slopes on both EMA-20 and SMA-50.
- Price action remains under pressure near support levels, with the stock trading at ₹3,319.0 against resistance just above.

- [Bayer CropScience Q2 FY27 Revenue Takes A 19.5% Hit As Weak Corn Acreage Weighs On Business, Profit Before Tax Grows 6% To ₹211.4 Crore Despite Challenges As Board Declares ₹90 Dividend Per Share](https://www.freepressjournal.in/business/bayer-cropscience-q2-fy27-revenue-takes-a-195-hit-as-weak-corn-acreage-weighs-on-business-profit-before-tax-grows-6-to-2114-crore-despite-challenges-as-board-declares-90-dividend-per-share)
- [Bayer CropScience Q2 net up 9% at ₹166.2 cr despite drop in revenues](https://www.thehindubusinessline.com/economy/agri-business/bayer-cropscience-q2-net-up-9-at-1662-cr-despite-drop-in-revenues/article71664165.ece)

### FAQs

**How did Bayer CropScience perform financially in Q2 FY27 despite the revenue decline?**

In Q2 FY27, revenue fell 19.5% year-on-year to ₹1,250.7 crore due to uneven monsoons and reduced corn acreage. However, profit before tax grew 6% to ₹211.4 crore, and net profit rose 9% to ₹166.2 crore. This profitability improvement was driven by better gross margins from corn seed yields and cost efficiencies.

**What dividend has the board declared for Bayer CropScience?**

The board has declared an interim dividend of ₹90 per equity share for the financial year ending March 31, 2027 (FY2027). This declaration occurred alongside the release of the Q2 FY27 results.

**What is the current technical trend for Bayer CropScience on the NSE?**

As of November 6, 2026, the daily technical trend is bearish, with the stock closing at ₹3,319.00. The weekly trend is also bearish. In contrast, the monthly trend remains bullish. The stock has experienced a significant drawdown, with a current drawdown of -48.8% and a maximum drawdown of -49.9%.

**How has the stock price performed over the past year?**

Over the trailing one-year period, the stock return is -30.0%. Year-to-date performance stands at -26.9%, while the three-month return is -21.3%. The stock's annualized volatility is +25.8%.

- [Bayer CropScience Q2 FY27 Revenue Takes A 19.5% Hit As Weak Corn Acreage Weighs On Business, Profit Before Tax Grows 6% To ₹211.4 Crore Despite Challenges As Board Declares ₹90 Dividend Per Share](https://www.freepressjournal.in/business/bayer-cropscience-q2-fy27-revenue-takes-a-195-hit-as-weak-corn-acreage-weighs-on-business-profit-before-tax-grows-6-to-2114-crore-despite-challenges-as-board-declares-90-dividend-per-share)
- [Bayer CropScience Q2 net up 9% at ₹166.2 cr despite drop in revenues](https://www.thehindubusinessline.com/economy/agri-business/bayer-cropscience-q2-net-up-9-at-1662-cr-despite-drop-in-revenues/article71664165.ece)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Strong Downtrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹3,304.77
- Risk regime: Higher Price Risk

### Support levels
- 3240
- 3324.533333333333
- 3280.533333333333

### Resistance levels
- 4105
- 4466.9
- 5060.9154296875

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +0.57% |
| return_10 | -1.91% |
| return_1m | -6.07% |
| return_1y | -30.05% |
| return_20 | -1.85% |
| return_3m | -21.26% |
| return_5 | +1.91% |
| return_6m | -28.64% |
| return_since_start | -39.96% |
| return_ytd | -26.95% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | high_risk |
| label | Higher price risk |
| summary | Recent drawdown or price variability is materially high and may lead to larger short-term outcomes. |
| maximum_drawdown | -49.87% |
| annualized_volatility | +25.83% |

## Quarterly financials

Quarterly financials are not currently available.

## Official filings

No official filings are currently available.

## News and market events

- 2026-11-07 — Mint: **₹90 dividend per share: This stock announces 900% payout - Do you own? Payment, record date, returns** — Bayer CropScience has declared an interim dividend of ₹90 per share for FY27, with a record date set for November 12 and payment due by November 30, 2026. The company also reported a second-quarter net profit of ₹166.2 crore, up from ₹152.7 crore in the previous year, while its shares closed at ₹3,316.50 on Friday. — [Source](https://www.livemint.com/market/stock-market-news/rs-90-dividend-per-share-this-stock-announces-900-payout-do-you-own-payment-record-date-returns-11794063019136.html)
- 2026-11-06 — CNBC-TV18: **50+ stocks to trade ex-date next week: HUL, ONGC, Dabur among key names; dividends worth ₹315.21 per share** — More than 50 stocks and investment trusts are scheduled to trade ex-date next week for various corporate actions, including dividends, rights issues, and share buybacks. The combined value of the 51 announced dividend entries totals ₹315.21 per share, with Bayer CropScience declaring the highest individual payout at ₹90 per share. — [Source](https://www.cnbctv18.com/market/50-stocks-to-trade-ex-date-next-week-hul-ongc-dabur-among-key-names-dividends-worth-rs315-21-per-share-20029093.htm)
- 2026-11-04 — FREEPRESSJOURNAL.IN: **Bayer CropScience Q2 FY27 Revenue Takes A 19.5% Hit As Weak Corn Acreage Weighs On Business, Profit Before Tax Grows 6% To ₹211.4 Crore Despite Challenges As Board Declares ₹90 Dividend Per Share** — Bayer CropScience reported a 19.5% year-on-year decline in Q2 FY27 revenue to ₹1,250.7 crore, driven by uneven monsoon conditions and reduced corn acreage. Despite the sales contraction, profit before tax rose 6% to ₹211.4 crore, supported by improved gross margins and cost efficiencies. The company's board declared an interim dividend of ₹90 per equity share for the financial year ending March 31, 2027. — [Source](https://www.freepressjournal.in/business/bayer-cropscience-q2-fy27-revenue-takes-a-195-hit-as-weak-corn-acreage-weighs-on-business-profit-before-tax-grows-6-to-2114-crore-despite-challenges-as-board-declares-90-dividend-per-share)
- 2026-11-04 — The Hindu: **Bayer CropScience Q2 net up 9% at ₹166.2 cr despite drop in revenues** — Bayer CropScience Limited reported a 9% increase in Q2FY27 net profit to ₹166.2 crore despite a 19% drop in revenue, citing improved gross margins from corn seed yields and cost efficiencies that offset challenges from uneven monsoons and lower corn acreages. The company's board also declared an interim dividend of Rs 90 per equity share for FY2027. — [Source](https://www.thehindubusinessline.com/economy/agri-business/bayer-cropscience-q2-net-up-9-at-1662-cr-despite-drop-in-revenues/article71664165.ece)
- 2026-09-20 — The Hindu: **Agrochemical body ACFI seeks ₹5,000-7,500 crore programme for the sector** — ACFI-KPMG paper calls for time-bound PLI-style incentives, power subsidies and single-window regulation to cut China cost gap — [Source](https://www.thehindubusinessline.com/economy/agri-business/agrochemical-body-acfi-seeks-5000-7500-crore-programme-for-the-sector/article71487867.ece)
- 2026-08-07 — CNBC-TV18: **Sensex Today | Stock Market Live Updates: GIFT Nifty 90 pts lower; Jefferies raises target for Premier Eng** — Sensex Today | Stock Market Live Updates: The index holding on to 24,500 levels on the downside is something that the bulls will be pleased with as analysts believe it is forming a base for a move, first towards 24,800, and eventually to record levels. Crude oil prices though, have staged a minor rebound overnight with brent returning to above $80 a barrel. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-today-cas-tata-hero-pgel-lic-sci-sbi-ncc-premier-crompton-midcaps-share-price-liveblog-19963799.htm)
- 2026-08-05 — CNBC-TV18: **Stocks to Watch for August 6: Cummins India, Biocon, PB Fintech and more** — Stocks such as Navin Fluorine International, Cummins India, PB Fintech, JK Lakshmi Cement, Neuland Laboratories and Aster DM Quality Care will be in focus on Thursday after reporting their June-quarter earnings post market hours on Wednesday. Investors will also track companies scheduled to announce their June-quarter results during the day for stock-specific cues. — [Source](https://www.cnbctv18.com/photos/market/stocks-to-watch-for-august-6-cummins-india-biocon-pb-fintech-and-more-19962532.htm)
- 2026-08-05 — CNBC-TV18: **Stocks to Watch for August 6: Cummins India, Biocon, PB Fintech and more** — Stocks such as Navin Fluorine International, Cummins India, PB Fintech, JK Lakshmi Cement, Neuland Laboratories and Aster DM Quality Care will be in focus on Thursday after reporting their June-quarter earnings post market hours on Wednesday. Investors will also track companies scheduled to announce their June-quarter results during the day for stock-specific cues. — [Source](https://www.cnbctv18.com/market/stocks-to-watch-for-august-6-cummins-india-biocon-pb-fintech-and-more-19962532.htm)
- 2026-07-28 — CNBC-TV18: **DCM Shriram Q1 net profit jumps over six-fold on higher revenue and EBITDA growth** — Shares of DCM Shriram Ltd ended at ₹1,046.90, up by ₹14.85, or 1.44%, on the BSE. — [Source](https://www.cnbctv18.com/market/stocks/dcm-shriram-share-price-q1-net-profit-jumps-over-six-fold-on-higher-revenue-and-ebitda-growth-19955894.htm)

## Business profile

**Strategic vision:** Develops and distributes agricultural solutions for crop protection and seeds.

### Business segments
- **Crop Protection:** Provides herbicides, fungicides, insecticides, and seed treatments to protect crops from various threats.
- **Seeds:** Develops and distributes high-quality seeds for crops like corn, soybeans, and cotton, incorporating biotechnology traits.
- **Environmental Science:** Offers solutions for professional pest management, vector control, and forestry applications.
- **Digital Farming:** Provides data-driven tools and platforms to assist farmers in optimizing their decision-making processes.

### Competitive strengths
- Extensive investment in research and development for agricultural innovation.
- Global operational presence across key agricultural regions.
- Focus on sustainable practices and solutions.

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

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