Sector Alpha Week of 2026-08-14
Sector Alpha — machine-written from the numbers · Data as of 2026-08-14

GSP Crop Science Ltd

GSPCROP
Pesticides/Agrochemicals

GSP Crop Science Ltd is strength at full price. The numbers are improving — and a P/E at the 91st percentile of its own range says the market knows.

The sharpest disagreement: the engine is strong, but at the 91st percentile of its own range you are paying full price for it.

The price is in a confirmed uptrend (19 weeks in) while the P/E sits at the 91st percentile of its own 0-year range. Underneath, the last four quarters read improving — profit +13.0% year on year, and 128% of the last 3 years' profit arrived as cash. What settles it: whether the earnings grow into the multiple.

Price
₹596
P/E
26.5×
91st pctile
of its own 0-year range
Revenue (Jun 26)
₹386 Cr
+2.4% YoY
Profit (Jun 26)
₹26.0 Cr
+13.0% YoY
Operating margin
11.0%
flat YoY
ROCE
19%
FY26
ROIC
13.4%
vs WACC 12.0% → +1.4 pp
Cash conversion
128%
of profit, last 3 FY
01 · Price story

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

GSP Crop Science Ltd trades at ₹596, in a confirmed uptrend and 19 weeks into that stage. That is +40.7% against its own 200-day average. It sits at 99% of a 52-week range of ₹394 to ₹598. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 5 straight weeks.

Today the stock is in a confirmed uptrend — week 19 of stage 2, confirmed. At ₹596 it trades +40.7% versus its 200-day average and sits at 99% of its 52-week range (₹394–₹598).

Aug 26: ₹596 Weekly closing price (₹) with 50- and 200-day averages; shaded bands mark the price stage (grey base, green advance, amber top, red decline). 1-year window.
+40.7% versus the 200-day line, week 19 of stage 2
Price50-day avg200-day avg
S2₹617₹548₹479₹410₹341₹596₹424Apr 26May 26Jun 26Jul 26Aug 26
S2₹617₹548₹479₹410₹341₹596₹424Apr 26Jun 26Aug 26
Beating or trailing, week by week since 2026 Each cell is one week from 2026 to now (23 weeks): the stock's trailing 13-week return minus the NIFTY 500's, green ahead / red behind (±25% ramp). Grey cells are the 13-week warm-up or weeks where the NIFTY 500 reading is not held.
trailing 13-week return vs the NIFTY 500
Apr 26Aug 26

Against the market, two honest reads. Cumulative: over the last 4 months the stock moved +41% while the NIFTY 500 moved +3% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 5 straight weeks — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

02 · Valuation

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

GSP Crop Science Ltd trades at 26.5× P/E, at the pricey end of its own range (91st percentile). Its long-run median P/E is 20.0×, measured across 0.4 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 26.5× is at the pricey end of its own range (91st percentile), against a long-run median of 20.0× measured over 0.4 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

P/E 26.5× vs a 20.0× long-run median P/E, weekly (left axis); earnings per share, trailing twelve months, weekly (right axis). 0.4-year window; loss-period spikes above 27× shown pinned at the top. The eps (ttm) bars are red where the reading is lower than the quarter before.
at the pricey end of its own range (91st percentile)
P/EMedianEPS (TTM) (quarterly)
28.3×₹26.825.0×₹20.121.8×₹13.418.6×₹6.715.3×₹0.0×24.00×₹25Mar 26May 26Jun 26Jul 26Aug 26
28.3×₹26.825.0×₹20.121.8×₹13.418.6×₹6.715.3×₹0.0×24.00×₹25Mar 26Jun 26Aug 26
P/E
26.5×
91st percentile of 0y
PEG
n/m
not derivable — 3-year earnings growth unavailable

Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.

03 · Stage: No read

Stage: No read Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

GSP Crop Science Ltd reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read.

Growth, year by year: revenue +17.9% in FY26, profit +15.9% Year-over-year growth per fiscal year, %: revenue (left axis); net profit and EPS (right axis — profit growth swings far wider). Zero line drawn.
Revenue YoYProfit YoYEPS YoY
21%249%14%158%7.6%66%0.7%−25%−6.1%−116%%%17.9%15.9%FY20FY23FY26
21%249%14%158%7.6%66%0.7%−25%−6.1%−116%%%17.9%15.9%FY20FY23FY26
Three growth curves, twelve quarters Year-on-year growth of trailing-twelve-month revenue (left axis), profit and EPS (right axis — they swing far wider), % at each quarter-end. Where the trailing-twelve-month history is short, the curve falls back to single-quarter year-on-year growth — noisier, and the classifier smooths and caps base-effect spikes before reading. A missing point means that reading is not held for the quarter.
the trajectory the stage is read from
RevenueProfit
33%15%24%8.4%14%1.9%4.7%−4.5%−4.8%−11%%%2.4%13%Dec 24Sep 25Jun 26
33%15%24%8.4%14%1.9%4.7%−4.5%−4.8%−11%%%2.4%13%Dec 24Sep 25Jun 26
ROCE Trailing-twelve-month operating profit (before interest and tax) as a share of average capital employed — total assets minus current liabilities, the standard textbook basis, %.
the return curve, computed quarterly
ROCE
31%29%27%26%24%%24.4%Dec 24Mar 25Sep 25Dec 25Jun 26
31%29%27%26%24%%24.4%Dec 24Sep 25Jun 26
ROCE
Falling
latest 24.4% · span 24.4%–30.1%

Why it matters: with too little history, an honest page says so instead of guessing a trajectory.

One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.

Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.

Compound annual growth rate (%) Compound annual growth rate over each window, %. Revenue, profit and EPS from fiscal-year figures; share price is the price CAGR over the same spans. A dash = that window is not held, or the base was a loss.
1yr3yr5yr10yr
Revenue+17.9%+8.0%+7.1%
Profit+15.9%+62.8%+6.9%
EPS+0.0%−35.3%−38.0%
Revenue YoY (Jun 26)
+2.4%
latest quarter vs a year ago
Profit YoY (Jun 26)
+13.0%
latest quarter vs a year ago
Revenue 10y
9.0%
long-run compound pace
04 · 4-Factor Sector Score

4-Factor Sector Score

50.3/100 — rank 11 of 24 in Pesticides/Agrochemicals · 63% evidence confidence

GSP Crop Science Ltd scores 50.3 out of 100 against the 24 companies it is compared with in Pesticides/Agrochemicals, ranking 11. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

The four contributions add to the total exactly: 18.1 + 12.8 + 9.4 + 10 = 50.3. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

05 · Revenue

Revenue Revenue is the top line: everything the company billed its customers in the period.

GSP Crop Science Ltd reported ₹386 Cr of revenue in the Jun 26 quarter, +2.4% year on year. That is the 2nd straight quarter of year-on-year growth. Over 6 years it has compounded at 9.0% a year. The last full year, FY26, came in at ₹1,517 Cr. The last four reported quarters add to ₹1,525 Cr.

FY26 revenue came in at ₹1,517 Cr (+17.9% on the year), capping 6 years at 9.0% compound. The latest quarter (Jun 26) printed ₹386 Cr, +2.4% year on year — the 2nd consecutive quarter of year-over-year growth.

FY26 revenue ₹1,517 Cr (+17.9% YoY) Revenue bars, ₹ Cr (left); YoY growth-% line (right). 7-year window. A bar is red when it is lower than the year before.
9.0% a year over 6 years
RevenueYoY growth
1.6k21%1.2k14%8197.6%4100.7%0−6.1%₹ Cr%₹1,51717.9%FY20FY23FY26
1.6k21%1.2k14%8197.6%4100.7%0−6.1%₹ Cr%₹1,51717.9%FY20FY23FY26
Jun 26: ₹386 Cr (+2.4% YoY) Quarterly revenue bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
2nd straight quarter of growth
Revenue (quarterly)YoY growth
50433%37824%25214%1264.7%0−4.8%₹ Cr%₹3862.4%Dec 24Sep 25Jun 26
50433%37824%25214%1264.7%0−4.8%₹ Cr%₹3862.4%Dec 24Sep 25Jun 26

Pace check: the last four quarters averaged +10.2% growth against the decade's 9.0% — the current year is running faster than its own long-run rate.

06 · Operating margin

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

GSP Crop Science Ltd's operating margin is 11.0% in the Jun 26 quarter, +0.0 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across 7 fiscal years the operating margin has ranged 7.0% to 12.0%. The current quarter sits inside that band.

The latest quarter's operating margin is 11.0%, +0.0 pp against the same quarter a year ago. Across 7 fiscal years the operating margin has ranged 7.0%–12.0%, and FY26's 12.0% is the top of that band — a record year.

🚨 Why the margin moved: operating margin went −0.2 pp year on year while gross margin went +2.4 pp — the loss came mostly from the gross line: input costs and pricing.

Worth repeating from the valuation section: cheap against its own history on record margins is not the same thing as cheap — a record margin flatters every ratio built on top of it.

FY26: 12.0% Operating margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 7-year window.
the widest a 7.0–12.0% band over 7 years
operating marginYoY change (pp)
12%4.6%11%2.3%9.5%0.0%8.1%−2.3%6.6%−4.6%%%12%0%FY20FY23FY26
12%4.6%11%2.3%9.5%0.0%8.1%−2.3%6.6%−4.6%%%12%0%FY20FY23FY26
Jun 26: 11.0% operating margin (+0.0 pp YoY) Quarterly operating margin, %, line (left); year-on-year change in the margin, in percentage points, line (right). Last 12 quarters. Operating profit as a share of revenue, per quarter.
Operating marginYoY change (pp)
22%4.5%16%2.2%11%0.0%5.0%−2.3%−0.5%−4.6%%%11%0%Dec 24Sep 25Jun 26
22%4.5%16%2.2%11%0.0%5.0%−2.3%−0.5%−4.6%%%11%0%Dec 24Sep 25Jun 26
07 · Net profit

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

GSP Crop Science Ltd earned ₹26.0 Cr of net profit in the Jun 26 quarter, +13.0% year on year. Full-year FY26 profit was ₹95.0 Cr. The 6-year compound rate is 28.6%. That is 6.7% of the quarter's revenue. The same quarter a year earlier earned ₹23.0 Cr.

Jun 26 profit was ₹26.0 Cr, +13.0% year on year. On the full year, FY26 printed ₹95.0 Cr (+15.9%), and the 6-year compound rate is 28.6%.

FY26 profit ₹95.0 Cr (+15.9% YoY) Net profit bars, ₹ Cr (left); YoY growth-% line (right). 7-year window. A bar is red when it is lower than the year before.
28.6% a year over 6 years
Net profitYoY growth
103247%77162%5176%26−9.2%0−95%₹ Cr%₹9515.9%FY20FY23FY26
103247%77162%5176%26−9.2%0−95%₹ Cr%₹9515.9%FY20FY23FY26
Jun 26: ₹26.0 Cr (+13.0% YoY) Quarterly net profit bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
Net profit (quarterly)YoY growth
6315%458.4%261.9%7−4.5%−11−11%₹ Cr%₹2613%Dec 24Sep 25Jun 26
6315%458.4%261.9%7−4.5%−11−11%₹ Cr%₹2613%Dec 24Sep 25Jun 26
08 · Cash flow — the router

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years 128% of GSP Crop Science Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹59.0 Cr of operating cash against ₹95.0 Cr of profit. After ₹61.0 Cr of capital spending, ₹−2.0 Cr was left as free cash.

FY26: operating cash of ₹59.0 Cr against reported profit of ₹95.0 Cr, leaving free cash of ₹−2.0 Cr after ₹61.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 128% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

FY26: CFO ₹59.0 Cr vs profit ₹95.0 Cr Operating cash flow and net profit by fiscal year, ₹ Cr; the line is free cash flow (CFO minus capital spending). 7-year window, annual resolution.
128% of 3-year profit arrived as cash
Operating cashNet profitFree cash
22914968−13−93₹ Cr₹59₹95₹−2FY20FY23FY26
22914968−13−93₹ Cr₹59₹95₹−2FY20FY23FY26
FY26: CFO = 62% of profit (three-year rate 128%) Operating cash as a share of net profit, per fiscal year, % (line). Dashed line = 100% — every unit of profit arriving as cash; outlier years shown pinned.
Conversion100%
329%225%121%17%−87%%62%FY20FY23FY26
329%225%121%17%−87%%62%FY20FY23FY26

Why conversion sits at 128%: the cash cycle stretched 31 days between FY21 and FY26 — more of each rupee of profit waits inside the cycle before arriving.

Router verdict: the bigger cash user is investment — capital spending ran 2.5× depreciation over three years, so the next section's job is to check what that build-out is buying.

09 · Where the cash goes

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

GSP Crop Science Ltd's cash conversion cycle runs 121 days in FY26, up from 90 days in FY21. Capital spending ran ₹183 Cr over the last 3 years. At FY26 sales of ₹1,517 Cr each day of that cycle holds about ₹4.2 Cr, so roughly ₹503 Cr sits inside the business at any moment.

FY26: debtors at 133 days, inventory at 136 days — roughly 4.5 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 121 days, looser than FY21's 90.

The full loop: cash goes out to suppliers and production on day 0; stock waits 136 days to sell; customers pay about 133 days after that; and suppliers themselves are paid at 147 days — netting out to the 121-day cycle.

In money terms: at FY26 sales of ₹1,517 Cr, each day of the cycle holds about ₹4.2 Cr — so the 121-day loop keeps roughly ₹503 Cr sitting inside the business at any moment.

FY26: a 121-day cash cycle Debtor days, inventory days, payable days and the cash conversion cycle by fiscal year. 7-year window.
+31 days vs FY21
Cash cycleInventory daysDebtor daysPayable days
18916313610983days121d136d133d147dFY20FY21FY23FY24FY26
18916313610983days121d136d133d147dFY20FY23FY26

On the investment side: capital spending of ₹183 Cr over the last 3 fiscal years against ₹73.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹48.0 Cr (FY26) — capacity paid for but not yet earning.

FY26: capex ₹61.0 Cr, work-in-progress ₹48.0 Cr Capital spending per fiscal year, ₹ Cr (bars); capital work-in-progress, ₹ Cr (line). Quarterly capital-spending history is not held for India — annual is the honest resolution.
a build-out
CapexWork-in-progress
685134170₹ Cr₹61₹48FY21FY22FY23FY24FY26
685134170₹ Cr₹61₹48FY21FY23FY26

The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.

10 · Return on capital

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

GSP Crop Science Ltd earns a ROCE of 19% in FY26. That is up from a trough of 8% in FY23. Return on invested capital clears the cost of that capital by +1.4 percentage points, so growth here adds value rather than only size. The wiring behind it is 6.3% net margin on 0.98× asset turns.

FY26 ROCE is 19%, recovered from a FY23 trough of 8% — the full ladder below shows the fall and the climb, undoctored.

Why the return is what it is — the wiring (FY26): 6.3% net margin × 0.98× asset turns × 2.00× balance-sheet leverage ≈ 12.3% on equity. Margin does its share; leverage is a meaningful part of the equation.

The capstone test — ROIC − WACC: 13.4% − 12.0% = a +1.4 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Positive but thin — value creation with little room for error.

FY26: ROCE 19% Return on capital employed by fiscal year, % (line); ROIC by fiscal year, % (line). 6-year window, dips included. Dashed line = the 12.0% cost of capital used on this page.
the climb back from FY23's 8%
ROCEROIC (annual)WACC
24%20%15%10%5.6%%19%14.8%FY21FY23FY26
24%20%15%10%5.6%%19%14.8%FY21FY23FY26
Q4 FY26: ROCE 19.3% (TTM) vs WACC 12.0% Trailing-twelve-month ROCE and ROIC, per quarter, %; dashed line = the cost of capital. Last 8 quarters, put on a trailing-twelve-month basis and anchored to the annual figure.
ROCE (TTM)ROIC (TTM)WACC
27%22%18%13%8.3%%19.3%15.3%Q1 FY25Q4 FY25Q4 FY26
27%22%18%13%8.3%%19.3%15.3%Q1 FY25Q4 FY25Q4 FY26
11 · Debt

Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.

GSP Crop Science Ltd carries total debt of ₹262 Cr against shareholder equity of ₹770 Cr as of Mar 26, a debt-to-equity of 0.34. On the annual view that ratio went from 0.66 in FY25 to 0.34 in FY26. Read the returns elsewhere on this page with that leverage in mind.

Mar 26: total debt of ₹262 Cr against shareholder equity of ₹770 Cr — a debt-to-equity of 0.34. On the annual view, debt-to-equity went from 0.66 (FY25) to 0.34 (FY26). Read the returns on this page with that leverage in mind.

FY26: debt ₹262 Cr at 0.34× equity Total debt by fiscal year, ₹ Cr (bars); debt-to-equity, × (line). 2-year window.
Total debtDebt-to-equity
3210.7×2410.6×1600.5×800.4×00.3×₹ Cr×₹2620.34×FY25FY26
3210.7×2410.6×1600.5×800.4×00.3×₹ Cr×₹2620.34×FY25FY26
Mar 26: debt ₹262 Cr, debt-to-equity 0.34 Total debt per quarter, ₹ Cr (bars); debt-to-equity, × (line). Last 8 quarters. India reports the full balance sheet half-yearly, so the intervening quarter carries the prior reading forward.
Total debt (quarterly)Debt-to-equity
3720.7×2790.6×1860.5×930.4×00.3×₹ Cr×₹2620.34×Jun 24Mar 25Mar 26
3720.7×2790.6×1860.5×930.4×00.3×₹ Cr×₹2620.34×Jun 24Mar 25Mar 26
12 · Ownership

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

No holder of GSP Crop Science Ltd moved a full percentage point over the last two years — the register is quiet. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — .

A quiet register: no holder moved a full point in two years Shareholding by holder class, % of the company, quarterly, last 2 quarters.
PromotersForeign inst.Domestic inst.Public
77%57%36%15%−5.3%%71.7%9.2%0.4%18.7%Mar 26Jun 26
77%57%36%15%−5.3%%71.7%9.2%0.4%18.7%Mar 26Jun 26
13 · Safety line

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

GSP Crop Science Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

14 · Related companies · Pesticides/Agrochemicals
CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1Titan Biotech LtdTITANBIO 73.2/100Favorable setup76% evidence 30.1/35 Revenue 37.7% · PAT 59.1% · OPM change 2 pp 95% evidence 20.1/25 ROCE 22.8% · OPM 21% 76% evidence 6.0/20 P/E 48.7× · PEG — 50% evidence 17.0/20 RS sector 103.8% · RS bench 85% · 1Y 212.3%8 of 12 weeks ahead to 2026-03-08 70% evidence
Exact sum: 30.1 + 20.1 + 6 + 17 = 73.2 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
2Bayer CropScience LtdBAYERCROP 71.0/100Favorable setup91% evidence BASING 22.5/35 Revenue -2.8% · PAT 23.8% · OPM change 2 pp 95% evidence 20.8/25 ROCE 29.1% · OPM 20% 95% evidence 14.7/20 P/E 24.8× · PEG 1.28 100% evidence 13.0/20 RS sector 12.3% · RS bench -14% · 1Y -27.4%0 of 10 weeks ahead 70% evidence
Exact sum: 22.5 + 20.8 + 14.7 + 13 = 71 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3Sharda Cropchem LtdSHARDACROP 64.1/100Mixed-positive evidence97% evidence ASLEEP 23.6/35 Revenue 18.5% · PAT 49% · OPM change -5 pp 95% evidence 19.3/25 ROCE 30.2% · OPM 17% 95% evidence 18.7/20 P/E 11.3× · PEG 0.26 100% evidence 2.5/20 RS sector -14.9% · RS bench -17% · 1Y -20.6%0 of 12 weeks ahead 100% evidence
Exact sum: 23.6 + 19.3 + 18.7 + 2.5 = 64.1 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -14.9% and the one-year return is -20.6%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
4Punjab Chemicals & Crop Protection LtdPUNJABCHEM 61.6/100Mixed-positive evidence81% evidence FADING 23.0/35 Revenue 8.2% · PAT 43.5% · OPM change 1 pp 95% evidence 18.1/25 ROCE 18.6% · OPM 12% 95% evidence 11.6/20 P/E 20× · PEG — 50% evidence 8.9/20 RS sector -3.8% · RS bench -6.7% · 1Y -15.4%1 of 10 weeks ahead 70% evidence
Exact sum: 23 + 18.1 + 11.6 + 8.9 = 61.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5Dharmaj Crop Guard LtdDHARMAJ 60.7/100Mixed-positive evidence74% evidence BASING 20.7/35 Revenue 8.5% · PAT 13.2% · OPM change 1 pp 95% evidence 15.2/25 ROCE 16.4% · OPM 15% 95% evidence 10.9/20 P/E 15.2× · PEG — 15% evidence 13.9/20 RS sector 7.7% · RS bench -1.3% · 1Y -17.1%2 of 10 weeks ahead 70% evidence
Exact sum: 20.7 + 15.2 + 10.9 + 13.9 = 60.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6Advance Agrolife LtdADVANCE 57.2/100Mixed-positive evidence60% evidence TURNING 21.5/35 Revenue 48.4% · PAT 81.5% · OPM change 1 pp 95% evidence 14.9/25 ROCE 19.3% · OPM 11% 95% evidence 10.8/20 P/E 15.6× · PEG — 15% evidence 10.0/20 RS sector — · RS bench — · 1Y —4 of 10 weeks ahead 0% evidence
Exact sum: 21.5 + 14.9 + 10.8 + 10 = 57.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
7Bhagiradha Chemicals & Industries LtdBHAGCHEM 56.8/100Mixed-positive evidence100% evidence TURNING 28.8/35 Revenue 33.7% · PAT 100% · OPM change 9 pp 100% evidence 7.0/25 ROCE 4.5% · OPM 16% 100% evidence 1.6/20 P/E 137× · PEG 8.06 100% evidence 19.4/20 RS sector 20.5% · RS bench 16.9% · 1Y 0.6%11 of 12 weeks ahead 100% evidence
Exact sum: 28.8 + 7 + 1.6 + 19.4 = 56.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
8India Pesticides LtdIPL 53.6/100Mixed-positive evidence81% evidence ASLEEP 20.0/35 Revenue 17% · PAT 10.1% · OPM change -2 pp 95% evidence 13.7/25 ROCE 16.6% · OPM 14% 95% evidence 14.1/20 P/E 15× · PEG — 50% evidence 5.8/20 RS sector -9.6% · RS bench -18.6% · 1Y -38%3 of 11 weeks ahead 70% evidence
Exact sum: 20 + 13.7 + 14.1 + 5.8 = 53.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
9Rallis India LtdRALLIS 51.3/100Mixed-positive evidence91% evidence ASLEEP 19.8/35 Revenue 4.4% · PAT 24.4% · OPM change 2 pp 95% evidence 10.6/25 ROCE 14.1% · OPM 18% 95% evidence 11.2/20 P/E 18.1× · PEG 2.15 100% evidence 9.7/20 RS sector 0.8% · RS bench -21% · 1Y -40.6%0 of 10 weeks ahead 70% evidence
Exact sum: 19.8 + 10.6 + 11.2 + 9.7 = 51.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
10Jubilant Ingrevia LtdJUBLINGREA 51.1/100Mixed-positive evidence93% evidence FADING 18.6/35 Revenue 11% · PAT 11.2% · OPM change 1 pp 100% evidence 10.6/25 ROCE 11.4% · OPM 15% 100% evidence 6.1/20 P/E 36.9× · PEG 2.41 65% evidence 15.8/20 RS sector 10.5% · RS bench 7.3% · 1Y 5.2%4 of 12 weeks ahead 100% evidence
Exact sum: 18.6 + 10.6 + 6.1 + 15.8 = 51.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
11GSP Crop Science Ltdthis pageGSPCROP 50.3/100Mixed-positive evidence63% evidence BREAKING OUT 18.1/35 Revenue 16.1% · PAT 36.1% · OPM change 0 pp 100% evidence 12.8/25 ROCE 19% · OPM 11% 100% evidence 9.4/20 P/E 26.5× · PEG — 15% evidence 10.0/20 RS sector — · RS bench — · 1Y —5 of 5 weeks ahead 0% evidence
Exact sum: 18.1 + 12.8 + 9.4 + 10 = 50.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
12NACL Industries LtdNACLIND 47.3/100Mixed-negative evidence100% evidence ASLEEP 28.9/35 Revenue 11.9% · PAT 100% · OPM change 3 pp 100% evidence 4.0/25 ROCE 8.1% · OPM 11% 100% evidence 3.7/20 P/E 151× · PEG 2.02 100% evidence 10.7/20 RS sector -3.5% · RS bench -6.8% · 1Y -39.1%10 of 12 weeks ahead 100% evidence
Exact sum: 28.9 + 4 + 3.7 + 10.7 = 47.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
13Sumitomo Chemical India LtdSUMICHEM 45.8/100Mixed-negative evidence94% evidence BREAKING OUT 12.4/35 Revenue -3.6% · PAT 3.9% · OPM change 1 pp 100% evidence 19.0/25 ROCE 22.1% · OPM 22% 100% evidence 3.8/20 P/E 49.4× · PEG 4 100% evidence 10.6/20 RS sector -5.8% · RS bench 17.2% · 1Y -2.1%9 of 10 weeks ahead 70% evidence
Exact sum: 12.4 + 19 + 3.8 + 10.6 = 45.8 · Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression.
14Bharat Rasayan LtdBHARATRAS 45.1/100Mixed-negative evidence87% evidence BASING 10.5/35 Revenue -5.2% · PAT 3.6% · OPM change -3 pp 95% evidence 14.6/25 ROCE 17.4% · OPM 15% 95% evidence 14.3/20 P/E 14.8× · PEG — 50% evidence 5.7/20 RS sector -29.3% · RS bench -32% · 1Y -50.2%0 of 12 weeks ahead 100% evidence
Exact sum: 10.5 + 14.6 + 14.3 + 5.7 = 45.1 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
15Meghmani Organics LtdMOL 45.1/100Mixed-negative evidence74% evidence TURNING 20.8/35 Revenue -7.8% · PAT 100% · OPM change 7 pp 95% evidence 7.8/25 ROCE 6.7% · OPM 18% 95% evidence 9.5/20 P/E 25× · PEG — 15% evidence 7.0/20 RS sector -32% · RS bench 2.7% · 1Y -26.3%4 of 10 weeks ahead 70% evidence
Exact sum: 20.8 + 7.8 + 9.5 + 7 = 45.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
16Excel Industries LtdEXCELINDUS 43.9/100Mixed-negative evidence74% evidence BASING 12.0/35 Revenue 5.5% · PAT -20.4% · OPM change 0 pp 95% evidence 10.3/25 ROCE 6.1% · OPM 14% 95% evidence 10.4/20 P/E 17.8× · PEG — 15% evidence 11.2/20 RS sector -2.1% · RS bench 0.4% · 1Y -13.4%0 of 10 weeks ahead 70% evidence
Exact sum: 12 + 10.3 + 10.4 + 11.2 = 43.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
17Epigral LtdEPIGRAL 42.0/100Mixed-negative evidence94% evidence ASLEEP 7.1/35 Revenue 4.8% · PAT -37.4% · OPM change -2 pp 100% evidence 14.6/25 ROCE 15.5% · OPM 25% 100% evidence 15.6/20 P/E 17.5× · PEG 0.43 100% evidence 4.7/20 RS sector -31.1% · RS bench -15.3% · 1Y -40.2%5 of 10 weeks ahead 70% evidence
Exact sum: 7.1 + 14.6 + 15.6 + 4.7 = 42 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
18Dhanuka Agritech LtdDHANUKA 41.2/100Mixed-negative evidence100% evidence ASLEEP 6.3/35 Revenue -5.6% · PAT -12.1% · OPM change -4 pp 100% evidence 16.3/25 ROCE 23.8% · OPM 12% 100% evidence 11.6/20 P/E 16.8× · PEG 1.72 100% evidence 7.0/20 RS sector -13% · RS bench -16.1% · 1Y -36.9%3 of 12 weeks ahead 100% evidence
Exact sum: 6.3 + 16.3 + 11.6 + 7 = 41.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
19Astec Lifesciences LtdASTEC 40.4/100Mixed-negative evidence69% evidence ASLEEP 23.7/35 Revenue 9.4% · PAT 47.7% · OPM change 11.2 pp 71% evidence 3.3/25 ROCE -5.4% · OPM -0.8% 95% evidence 10.0/20 P/E — · PEG — 0% evidence 3.4/20 RS sector -14.5% · RS bench -17.3% · 1Y -26.1%6 of 12 weeks ahead 100% evidence
Exact sum: 23.7 + 3.3 + 10 + 3.4 = 40.4 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -14.5% and the one-year return is -26.1%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
20UPL LtdUPL 40.0/100Mixed-negative evidence91% evidence ASLEEP 16.9/35 Revenue 12.9% · PAT 98.4% · OPM change -2 pp 74% evidence 8.3/25 ROCE 10.1% · OPM 13% 100% evidence 12.5/20 P/E 24× · PEG 0.5 100% evidence 2.3/20 RS sector -15.7% · RS bench -18% · 1Y -18.3%0 of 12 weeks ahead 100% evidence
Exact sum: 16.9 + 8.3 + 12.5 + 2.3 = 40 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
21Insecticides India LtdINSECTICID 38.1/100Mixed-negative evidence87% evidence ASLEEP 10.4/35 Revenue 1.3% · PAT -16.7% · OPM change -1 pp 95% evidence 11.0/25 ROCE 15.8% · OPM 11% 95% evidence 11.3/20 P/E 14.7× · PEG — 50% evidence 5.4/20 RS sector -7% · RS bench -9.9% · 1Y -35.2%5 of 12 weeks ahead 100% evidence
Exact sum: 10.4 + 11 + 11.3 + 5.4 = 38.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
22P I Industries LtdPIIND 37.7/100Mixed-negative evidence94% evidence ASLEEP 4.4/35 Revenue -16.6% · PAT -27.8% · OPM change -5 pp 100% evidence 13.9/25 ROCE 15% · OPM 22% 100% evidence 10.6/20 P/E 35× · PEG 1.71 100% evidence 8.8/20 RS sector -0.9% · RS bench -22.6% · 1Y -36.5%0 of 10 weeks ahead 70% evidence
Exact sum: 4.4 + 13.9 + 10.6 + 8.8 = 37.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
23Best Agrolife LtdBESTAGRO 34.6/100Adverse evidence87% evidence TURNING 7.7/35 Revenue -24.1% · PAT -56.5% · OPM change 8 pp 95% evidence 9.2/25 ROCE 5.2% · OPM 20% 95% evidence 7.0/20 P/E 22.6× · PEG — 50% evidence 10.7/20 RS sector -4.5% · RS bench -7.7% · 1Y -37.1%3 of 12 weeks ahead 100% evidence
Exact sum: 7.7 + 9.2 + 7 + 10.7 = 34.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
24Heranba Industries LtdHERANBA 25.8/100Adverse evidence65% evidence ASLEEP 12.0/35 Revenue 13.1% · PAT -80% · OPM change -2.7 pp 62% evidence 1.2/25 ROCE -1.6% · OPM -7% 95% evidence 10.0/20 P/E — · PEG — 0% evidence 2.6/20 RS sector -25.3% · RS bench -28.1% · 1Y -51.4%0 of 12 weeks ahead 100% evidence
Exact sum: 12 + 1.2 + 10 + 2.6 = 25.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

15 · Frequently asked questions

Frequently asked questions

What is GSP Crop Science Ltd's share price today?

GSP Crop Science Ltd trades at ₹596. The company is valued at ₹2,774 Cr. The stock sits at 99% of its 52-week range of ₹394–₹598, +40.7% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 19 weeks in. — as of 14 August 2026.

What were GSP Crop Science Ltd's latest quarterly results?

GSP Crop Science Ltd reported revenue of ₹386 Cr and net profit of ₹26.0 Cr for the Jun 26 quarter. Revenue rose 2.4% and profit rose 13.0% year on year. Earnings per share were ₹5.67. The operating margin was 11.0%, 0.0 pp higher than a year earlier. — as of 14 August 2026.

What is GSP Crop Science Ltd's revenue?

GSP Crop Science Ltd reported revenue of ₹386 Cr in the Jun 26 quarter, +2.4% year on year. For the full FY26 fiscal year, revenue was ₹1,517 Cr (+17.9%). Over the last 6 years revenue compounded at 9.0% a year. — as of 14 August 2026.

What is GSP Crop Science Ltd's profit?

GSP Crop Science Ltd earned ₹26.0 Cr of net profit in the Jun 26 quarter, +13.0% year on year. Full-year FY26 profit was ₹95.0 Cr. The operating margin ran 11.0% in the latest quarter. — as of 14 August 2026.

What is GSP Crop Science Ltd's market cap?

GSP Crop Science Ltd's market capitalisation is ₹2,774 Cr at a share price of ₹596. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 14 August 2026.

What is GSP Crop Science Ltd's P/E ratio?

GSP Crop Science Ltd trades at a P/E of 26.5×, at the 91st percentile of its own 0-year range, against a long-run median of 20.0×. This is a comparison with the stock's own history, not a value call — as of 14 August 2026.

Does GSP Crop Science Ltd pay a dividend?

Yes — GSP Crop Science Ltd's dividend payout was 5% of profit in FY26, and it recorded a payout in each of its last 7 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 14 August 2026.

Is GSP Crop Science Ltd overvalued?

On its own history, GSP Crop Science Ltd looks expensive: its P/E of 26.5× sits at the 91st percentile of its 0-year range (long-run median 20.0×). That is a percentile read against the stock's own past, not a price opinion or a direction call. One caveat: margins are the best this company has ever printed — cheap on record margins is not the same thing as cheap. — as of 14 August 2026.

Is GSP Crop Science Ltd growing?

Yes — GSP Crop Science Ltd is growing: latest-quarter revenue +2.4% year on year, profit +13.0%, and the margin +0.0 pp at 11.0%. The 6-year compound rates are 9.0% (revenue) and 28.6% (profit). The earnings engine currently reads: improving — as of 14 August 2026.

How is GSP Crop Science Ltd performing?

GSP Crop Science Ltd is in a confirmed uptrend, 19 weeks in. Its latest quarter's revenue rose 2.4% and profit rose 13.0% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 5 weeks. This describes what the data did, not a rating. — as of 14 August 2026.

Is GSP Crop Science Ltd in an uptrend?

Yes — the price is in a confirmed uptrend (week 19 of stage 2), trading +40.7% versus its 200-day average and at 99% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 14 August 2026.

Is GSP Crop Science Ltd beating the market?

On recent form, yes — GSP Crop Science Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 5 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 4 months the stock moved +41% against the NIFTY 500's +3% — ahead of the index over the full window. — as of 14 August 2026.

Will GSP Crop Science Ltd's share price go up?

This page publishes no price forecast for GSP Crop Science Ltd. What it measures instead: the share price is ₹596, the price is in a confirmed uptrend 19 weeks in. Its P/E of 26.5× sits at the 91st percentile of its own 0-year range. — as of 14 August 2026.

Who owns GSP Crop Science Ltd?

Promoters hold 71.7% of GSP Crop Science Ltd, foreign institutions 9.2%, domestic institutions 0.4% and the public 18.7% (latest quarter). No holder moved a full point over the last two years — the register is quiet. — as of 14 August 2026.

Does GSP Crop Science Ltd have too much debt?

It is moderate — GSP Crop Science Ltd's debt-to-equity is 0.34, and operating profit covers the interest bill 5×. FY26 borrowings were ₹262 Cr against equity of ₹772 Cr. Read the returns on this page with that leverage in mind — as of 14 August 2026.

What is GSP Crop Science Ltd's capex?

GSP Crop Science Ltd spent ₹183 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹61.0 Cr, with ₹48.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 14 August 2026.

What is GSP Crop Science Ltd's cash flow?

GSP Crop Science Ltd generated ₹59.0 Cr of operating cash flow in FY26 and ₹−2.0 Cr of free cash flow after ₹61.0 Cr of capital spending. Reported profit that year was ₹95.0 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 14 August 2026.

Is GSP Crop Science Ltd's profit real cash?

Yes — over the last 3 fiscal years, 128% of GSP Crop Science Ltd's reported profit arrived as operating cash. Though the latest year ran at 62% — the trend is the thing to watch. In FY26, operating cash was ₹59.0 Cr against reported profit of ₹95.0 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 14 August 2026.

Where is GSP Crop Science Ltd in its business cycle?

GSP Crop Science Ltd's FY26 operating margin was 12.0%, against a 7-year band of 7.0%–12.0%: the top of the band — a record year. Record profitability is late-cycle territory: every ratio flatters at the top, and the story leans on margins holding. The latest quarter ran 11.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 14 August 2026.

What could break the GSP Crop Science Ltd story?

The sharpest disagreement: the engine is strong, but at the 91st percentile of its own range you are paying full price for it. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 14 August 2026.

Is GSP Crop Science Ltd a stock worth studying right now?

This is not investment advice. The machine read: GSP Crop Science Ltd is strength at full price. The numbers are improving — and a P/E at the 91st percentile of its own range says the market knows. The sharpest open question: whether the earnings grow into the multiple. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 14 August 2026.

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