On 6 Nov 2026, GSP Crop Science was priced at ₹428.50, or 16.8× trailing earnings, against an industry P/E of 14.4×, and the shares are 36% below their 52-week high. It earns ROCE of 20% and ROE of 16%, and sales and net profit grew 8.1% and 66% a year over 3 years. Its dividend yield is 0.2%, and debt is 0.34× equity. It is a small-cap company with a market cap of ₹1,993 Cr, ranked 21st of 72 Agricultural Inputs companies by market cap; the shares rose 20% over the past year.
- ₹433.00
- ₹436.00
- ₹426.00
- ₹430.35
- 2.4 L
Health check
- ReturnsAhead
+20.3% over a year, better than 7 of 7 peers.
- Price tagPricier
P/E 16.8 vs industry 14.4.
- GrowthStrong
Sales +8.1%, profit +66.0% a year over 3 years.
- ProfitabilityAverage
ROCE 19.7% vs peer median 20.9%.
- Balance sheetFair
Debt 0.34× equity, interest covered 4.8×, Piotroski 5 of 9.
- Red flags1 to check
36% below its 52-week high.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹1,993 Cr
- Small cap
- P/E
- 16.8
- Industry 14.4
- Price to book
- 2.23
- Peers 4.28
- Dividend yield
- 0.23%
- ROE
- 16.0%
- Peers 16.2%
- ROCE
- 19.7%
- Peers 20.9%
- Debt to equity
- 0.34
- Debt ₹262 Cr
- EPS (TTM)
- ₹25.55
- Face value ₹10
- OPM (TTM)
- 13.2%
- Net margin 6.6%
- Sales growth
- +2.4%
- Latest quarter vs a year ago
- Profit growth
- +12.0%
- Latest quarter vs a year ago
- Price to sales
- 1.31
- EV/EBITDA 11.2
Strengths and risks
Strengths
- Positive operating cash flow in each of the last 4 years.
Risks to check
- 36% below its 52-week high.
About GSP Crop Science
GSP Crop Science Limited, together with its subsidiaries, engages in the manufacture and sale of agro chemicals in India and internationally. It offers insecticides, pesticides, and herbicides; and plant growth regulators and fungicides. The company serves farmers and institutional customers. It also exports its products. The company was incorporated in 1985 and is based in Ahmedabad, India.
- Headquarters
- Ahmedabad
- Sector
- Basic Materials
- ISIN
- INE713R01022
- Website
- gspcrop.in
Price range
- Avg volume (3M)
- 3.5 L
- 1-year return
- plus 20.3%
- From 52-week high
- minus 35.8%
Peers · Agricultural Inputs
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| COROMANDELCoromandel International | 1,824.00 | minus 4.00% | 53,724 | 34.5 | 17.0 | 20.9% | 9.4% | 0.11 | 10.2% | minus 12.4% |
| FACTFertilisers and Chemicals Travancore | 750.25 | minus 1.24% | 48,547 | – | 703.5 | 14.2% | 0.0% | 2.95 | 0.0% | minus 15.3% |
| UPLUPL | 534.90 | plus 1.60% | 45,214 | 23.9 | 6.0 | 9.9% | 20.0% | 0.83 | −1.2% | minus 28.0% |
| PIINDPI Industries | 1,735.00 | minus 1.98% | 26,321 | 30.0 | 13.1 | 14.7% | 24.2% | 0.03 | 1.1% | minus 51.9% |
| SUMICHEMSumitomo Chemical India | 328.95 | plus 0.34% | 16,419 | 29.4 | 21.0 | 21.0% | 20.3% | 0.02 | −2.6% | minus 34.4% |
| CHAMBLFERTChambal Fertilizers & Chemicals | 384.70 | minus 0.91% | 15,413 | 8.1 | 5.7 | 21.8% | 13.7% | 0.16 | −9.2% | minus 19.4% |
| BAYERCROPBayer Cropscience | 3,316.30 | plus 0.48% | 14,904 | 20.0 | 15.4 | 27.9% | 16.0% | 0.03 | 3.6% | minus 31.7% |
| GSPCROPGSP Crop Science | 428.50 | minus 0.43% | 1,993 | 16.8 | 10.9 | 19.7% | 13.2% | 0.34 | 8.1% | plus 20.3% |
| Median of 7 peers | – | −0.91% | 26,321 | 26.6 | 15.4 | 20.9% | 16.0% | 0.11 | 0.0% | −28.0% |
Quarterly results
| ₹ Cr | Mar 25 | Jun 25 | Sep 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 308 | 377 | 466 | 402 | 386 | |
| – | – | – | +30.7% | +2.4% | |
| 268 | 335 | 373 | 366 | 343 | |
| 39.7 | 42.4 | 93.5 | 36.3 | 42.5 | |
| 12.9% | 11.2% | 20.1% | 9.0% | 11.0% | |
| 7.6 | 2.6 | −1.8 | 8.8 | 8.3 | |
| 8.1 | 8.4 | 7.3 | 9.8 | 6.8 | |
| 7.3 | 6.7 | 7.1 | 8.1 | 8.7 | |
| – | – | 0.6 | −0 | – | |
| 31.9 | 29.9 | 77.9 | 27.1 | 35.4 | |
| 31.7% | 24.5% | 24.9% | 27.6% | 25.4% | |
| 22.7 | 23.5 | 59.3 | 20.5 | 26.3 | |
| – | – | – | minus 9.6% | +12.0% | |
| 4.87 | 5.05 | – | 5.09 | 5.67 |
Profit & loss
- Sales CAGR 3Y
- +8.1%
- Profit CAGR 3Y
- +66.0%
- EPS CAGR 3Y
- +75.7%
- ROE
- 16.0%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,200 | 1,150 | 1,283 | 1,515 | |
| – | minus 4.2% | +11.5% | +18.1% | |
| 1,118 | 1,023 | 1,128 | 1,324 | |
| 82.6 | 127 | 155 | 191 | |
| 6.9% | 11.1% | 12.1% | 12.6% | |
| −2.7 | 2.5 | 9.3 | 6.9 | |
| 33.4 | 30.7 | 27.3 | 33.3 | |
| 21 | 19.9 | 23.4 | 30.3 | |
| −2.1 | −2.7 | −3.6 | −6.9 | |
| 23.3 | 76.6 | 110 | 127 | |
| 24.7% | 27.5% | 25.8% | 25.5% | |
| 21.4 | 61.3 | 83.4 | 97.9 | |
| – | +186.7% | +36.1% | +17.3% | |
| 4.60 | 13.18 | 17.94 | 24.93 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 27.5 | 26 | 39 | 46.5 | |
| 336 | 344 | 411 | 725 | |
| 324 | 237 | 297 | 262 | |
| 444 | 373 | 491 | 513 | |
| 1,132 | 980 | 1,238 | 1,547 | |
| 209 | 228 | 267 | 280 | |
| 45.1 | 55.8 | 58 | 64.5 | |
| 3 | 8.2 | 12.2 | 6 | |
| 42.9 | 40.3 | 34.4 | 184 | |
| 832 | 648 | 866 | 1,012 | |
| 1,132 | 980 | 1,238 | 1,547 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 104 | 207 | 37.8 | 59.4 | |
| −46.8 | −19 | −79.9 | −74.6 | |
| −159 | −178 | 29.8 | 152 | |
| −102 | 9.5 | −12.2 | 137 | |
| −33.7 | −28.6 | −72.7 | −77.2 | |
| 69.8 | 178 | −34.9 | −17.9 | |
| −3 | −0.6 | −2.6 | −2.9 |
Shareholding pattern
- Promoters71.73%
- Public28.27%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 71.73% | 28.27% | 0.00 | |
| 30 Jun 2026 | 71.73% | 28.27% | 0.00 | |
| 31 Mar 2026 | 71.73% | 28.27% | 0.00 | |
| 20 Mar 2026 | 71.73% | 28.27% | – |
Major shareholders
Filings & events
News
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