Bayer CropScience’s FY23 PAT up 17.5% at 758.2 crore on higher sales

Bayer CropScience’s FY23 PAT up 17.5% at ₹758.2 crore on higher sales

Bayer CropScience on Thursday reported 3.79 per cent increase in net profit at Rs 158.5 crore for March quarter 2022-23, as against Rs 152.7 crore in the year-ago period.

Bayer CropScience records 3.79% increase in Q4 profit at Rs 159 crore

Agritech firm Arya.ag has joined forces with Bayer CropScience in a strategic collaboration aimed at promoting sustainable agriculture. The partnership aims to scale up a sustainable crop production model that optimizes resource utilization and delivers definable and economic benefits to all farmer…

Arya.ag, Bayer partner to promote sustainable agriculture in India

Net Sales are expected to increase by 11.5 percent Y-o-Y (up 3.5 percent Q-o-Q) to Rs. 1,074.3 crore, according to Prabhudas Lilladher.

Bayer Cropscience Q4 PAT may dip 8.7% YoY to Rs. 139.4 cr: Prabhudas Lilladher

Prabhudas Lilladher recommended accumulate rating on Bayer Cropscience with a target price of Rs 5630 in its research report dated February 08, 2023.

Accumulate Bayer Cropscience; target of Rs 5630: Prabhudas Lilladher

Growth was largely driven by better performance from Maize hybrid seeds and herbicides (Glyphosate)

Bayer Cropscience Q3 Results Review - Decent Performance In Challenging Scenario: Prabhudas Lilladher

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Bayer CropScience Ltd clocked volume of 1.33 lakh shares by 14:14 IST on NSE, a 14.27 times surge over two-week average daily volume of 9297 shares

Volumes soar at Bayer CropScience Ltd counter

According to the technical analyst from Anand Rathi, Metro Brands can rally to Rs 910; while Bayer Cropscience can surge to Rs 5,200.

Metro Brands, Bayer Crop are ready for range breakout, says Mehul Kothari

Bayer Cropscience slipped 1.71% to Rs 4668.75 after the company informed about the temporary suspension of operations at its crop protection formulations plant located at Himatnagar , Gujarat.

Bayer Cropscience declines after temporarily discontinuing operations at Himatnagar Plant

Hasn't faired well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Bayer CropScience Limited is engaged in the manufacturing of insecticides, rodenticides, fungicides and herbicides. The Company operates through Agri Care segment.