GSP Crop Science Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹2,048 Cr
- P/E
- 19.58
- ROE
- 16.52%
- PEG
- 0.29
- Price to sales
- 1.35
- Debt to equity
- 0.34
- 52W high / low
- ₹668 / ₹327
- Sales growth (5Y)
- 7.09%
- EBITDA margin
- 12.14%
- Net profit margin
- 6.44%
- Promoter holding
- 71.72%
- Sales (last year)
- ₹1,526 Cr
Company mejorly focusing on fungiside and insecticide and related pesticide
Guidance scorecard · Q1 FY27 call
What GSP Crop Science Ltd's management guided
and where it ranks in Fertilizers & Agrochemicals
Fertilizers & Agrochemicals
RevenueQ1 FY27 call
10–20%- GSP Crop Science expects to grow at around 15% annually over the next 2-3 years.
- EBITDA margins are projected to improve, targeting growth around 13-14% in the medium term.
- The product mix is shifting towards differentiated, patented formulations, which offer better margins.
- Branded B2C business is expected to increase its share to 45-50% of domestic revenue, with B2B around 30-35%.
- Export business is expected to remain around 20% of total revenue over the next 3 years.
- The company aims to double its patented product share in 2-3 years with new product introductions in missing segments.
2 more points from GSP Crop Science Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what GSP Crop Science Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- The company has invested in backward integration manufacturing plants (e.g., at Dahej, Saykha) to reduce import dependency, which led to increased depreciation.
- Ongoing R&D pipeline includes technical and formulation development with plans to launch 1-2 technical products and 2-3 patented formulations annually over the next 4-5 years, indicating continued investment in product development.
- Capacity utilization notes suggest the possibility of product mix optimization within existing technical plants, and formulation capacity has ample headroom, implying no imminent major capacity expansions.
- Overall, focus appears on R&D and optimizing existing manufacturing assets rather than large new capital investments.
FundraisingQ1 FY27 call
None plannedSee what GSP Crop Science Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
- Domestic demand is supportive with anticipated growth on track for Q2, especially due to a good monsoon.
- Export demand, particularly from Brazil and Latin America, has experienced some delays due to pricing volatility and liquidity issues but is expected to pick up in H2 starting September.
- In Latin America, GSP is cautious but focusing on established B2B customers and expanding with second-tier distributors.
2 more points from GSP Crop Science Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Fertilizers & Agrochemicals
on management's own guidance
- Dharmaj CropGood growth2
- Anya Polytech &Good growth1
- M B Agro Prod.Good growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Fertilizers & Agrochemicals companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | Anya Polytech & | 20–40% | Up 2%+ | ₹209 Cr | 25.1 |
| 2 | Dharmaj Crop | 20–40% | Up 0–2% | ₹882 Cr | 14.7 |
| 3 | M B Agro Prod. | 20–40% | Flat | ₹7,668 Cr | 49.5 |
| 4 | 20–40% | Flat | ₹6,453 Cr | 32.8 | |
| 5 | 10–20% | Up 2%+ | ₹1,226 Cr | 18.3 | |
| 6 | 10–20% | Flat | ₹51,882 Cr | 27.8 |
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Pro shows every company guiding 40%+ revenue growth →Full Fertilizers & Agrochemicals rankingFinancials of GSP Crop Science Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of GSP Crop Science Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Dec 2024 | Mar 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Sales + | 276 | 308 | 467 | 270 | 402 |
| Expenses + | 273 | 268 | 374 | 257 | 366 |
| Operating Profit | 3 | 40 | 93 | 13 | 36 |
| OPM % | 1% | 13% | 20% | 5% | 9% |
| Other Income + | 1 | 8 | 1 | -3 | 9 |
| Interest | 8 | 8 | 9 | 10 | 10 |
| Depreciation | 6 | 7 | 7 | 8 | 8 |
| Profit before tax | -11 | 32 | 78 | -8 | 27 |
| Tax % | -43% | 32% | 25% | -22% | 28% |
| Net Profit + | -6 | 22 | 58 | -6 | 20 |
| EPS in Rs | -1.49 | 5.81 | 15.20 | -1.38 | 4.40 |
Financials of GSP Crop Science Ltd
Profit & Loss
Annual income statement trend
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales + | 903 | 1,077 | 1,406 | 1,203 | 1,152 | 1,287 | 1,517 |
| Expenses + | 832 | 949 | 1,273 | 1,125 | 1,028 | 1,137 | 1,332 |
| Operating Profit | 72 | 129 | 132 | 79 | 124 | 150 | 185 |
| OPM % | 8% | 12% | 9% | 7% | 11% | 12% | 12% |
| Other Income + | 4 | 11 | 13 | 6 | 12 | 14 | 9 |
| Interest | 25 | 18 | 24 | 37 | 34 | 31 | 37 |
| Depreciation | 18 | 18 | 20 | 21 | 20 | 23 | 30 |
| Profit before tax | 34 | 103 | 101 | 27 | 82 | 110 | 127 |
| Tax % | 36% | 34% | 25% | 21% | 26% | 26% | 26% |
| Net Profit + | 21 | 68 | 76 | 22 | 61 | 82 | 95 |
| EPS in Rs | 72.32 | 229.88 | 256.41 | 77.84 | 235.61 | 21.05 | 21.05 |
| Dividend Payout % | 10% | 4% | 4% | 3% | 4% | 4% | 0% |
Financials of GSP Crop Science Ltd
Balance Sheet
Capital structure and asset base
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 29 | 29 | 29 | 27 | 26 | 39 | 47 |
| Reserves | 302 | 366 | 439 | 336 | 344 | 411 | 725 |
| Borrowings + | 169 | 139 | 321 | 324 | 235 | 296 | 262 |
| Other Liabilities + | 242 | 383 | 426 | 444 | 374 | 483 | 513 |
| Total Liabilities | 742 | 918 | 1,216 | 1,132 | 980 | 1,228 | 1,547 |
| Fixed Assets + | 159 | 161 | 166 | 169 | 177 | 214 | 247 |
| CWIP | 7 | 9 | 11 | 16 | 51 | 50 | 48 |
| Investments | 2 | 0 | 2 | 3 | 8 | 12 | 16 |
| Other Assets + | 573 | 747 | 1,037 | 945 | 745 | 952 | 1,236 |
| Total Assets | 742 | 918 | 1,216 | 1,132 | 980 | 1,228 | 1,547 |
Financials of GSP Crop Science Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 80 | 114 | -43 | 104 | 207 | 38 | |
| Cash from Investing Activity + | -24 | -19 | -42 | -47 | -19 | -80 | |
| Cash from Financing Activity + | -59 | -50 | 157 | -159 | -178 | 30 | |
| Net Cash Flow | -3 | 45 | 71 | -102 | 10 | -12 | |
| Free Cash Flow | 64 | 91 | -93 | 70 | 179 | -34 | |
| CFO/OP | 132% | 112% | -22% | 169% | 180% | 45% |
Financials of GSP Crop Science Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 113 | 99 | 96 | 126 | 103 | 110 | 133 |
| Inventory Days | 119 | 153 | 148 | 155 | 111 | 173 | 136 |
| Days Payable | 113 | 162 | 125 | 156 | 114 | 161 | 147 |
| Cash Conversion Cycle | 120 | 90 | 119 | 125 | 99 | 122 | 121 |
| Working Capital Days | 54 | 51 | 61 | 56 | 39 | 50 | 71 |
| ROCE % | 23% | 19% | 8% | 17% | 21% | 19% |
Guidance history
How GSP Crop Science Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Flat | Planned | None planned | — |
| Q4 FY26 call → | 10–20% | Flat | Planned | — | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Continue your research
What GSP Crop Science Ltd's management said in earlier quarters
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