Bombay Super Hybrid Seeds Ltd. (BSHSL) AI Stock Analysis

• Market Cap: ₹8.82B
• Dividend Yield: N/A
• Average Volume (3M): 14.67K
• Price to Earnings (P/E): 35.7
• Beta (1Y): 1.17
• Revenue Growth: 21.32%
• EPS Growth: 19.54%
• Country: IN
• Employees: 55
• Sector: Consumer Goods
• Sector Strength: N/A
• Industry: Agricultural Inputs
• EPS (TTM): N/A
• Shares Outstanding: 104,937,280
• 10 Day Avg. Volume: 12,477
• 30 Day Avg. Volume: 14,667
• PEG Ratio: 2.63
• Price to Book (P/B): 12.51
• Price to Sales (P/S): 3.65
• P/FCF Ratio: -34.51
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 57 Neutral
• Price Target: ₹86.00 ▼(-30.12% Downside)
• Action: Reiterated Date: 12/25/25
• Date: Action: Reiterated 12/25/25

The score is primarily supported by strong revenue/profit growth and healthy operating margins, but is held back by negative operating/free cash flow and a moderately leveraged balance sheet. Technically, the stock shows short-term firmness but remains below longer-term moving averages with a negative MACD, and valuation appears stretched given the high P/E and no dividend yield support.

Positive Factors

Healthy operating margins

Consistently healthy EBIT and EBITDA margins point to durable operational strength and pricing power in the seed business. Sustained margins support reinvestment in breeding, distribution and field trials, buffering profitability through input-cost cycles and supporting long-term earnings stability.

Improving net profit margin

An improving net margin signals that management has executed cost and efficiency initiatives effectively. This trend enhances the company’s ability to retain earnings, fund R&D and commercial expansion, and indicates durable operational improvements rather than one-off gains.

Solid equity base and rising ROE

A stronger equity base and improving ROE increase financial resilience and suggest better capital allocation. This supports investment in seed multiplication and market coverage, reduces dilution risk, and enhances confidence among lenders and partners for sustainable growth.

Negative Factors

Negative operating and free cash flow

Persistent negative operating and free cash flow undermines financial flexibility despite reported profits. Poor cash generation can limit funding for working capital, seed multiplication cycles, and distribution expansion, forcing dependence on external financing or asset sales to sustain operations.

Moderate leverage

A moderately high debt-to-equity profile raises interest and refinancing risk, particularly if cash flows remain weak. Elevated leverage can constrain investment in R&D and commercialization and increases vulnerability to rising rates or credit market tightening over the coming months.

Weak cash conversion

Difficulty converting reported earnings into cash highlights potential working-capital or inventory timing issues inherent to seed production cycles. This structural cash conversion weakness can impair sustained reinvestment, raise liquidity needs seasonally, and elevate financing costs.

Bombay Super Hybrid Seeds Ltd. Business Overview & Revenue Model

Company Description

Bombay Super Hybrid Seeds Limited engages in the research, production, processing, and marketing of hybrid and GM seeds in India. The company provides groundnut, chickpea, coriander, sesame, maize, lucerne, fenugreek, wheat, onion, soybean, tomato, fennel, pigeon pea, watermelon, cluster bean, mung bean, beet root, paddy, cucumber, carrot, okra, radish, cauliflower, hot pepper, cabbage, brinjal, bottle gourd, gram, bajra, gum guar, black gram, guar, green gram, cumin, jowar, mustard, toor, limabean, rajka bajri, chilly, brinjal, bhindi, ridge gourd, sponge gourd, bitter gourd, cauliflower, cabbage, papaya, raddish and drumstick seeds. It offers seeds under the Kasturi and Bombay Super brands. The company also imports and exports its seeds. Bombay Super Hybrid Seeds Limited was founded in 1983 and is based in Rajkot, India.

How the Company Makes Money

BSHSL primarily makes money by selling agricultural seeds (notably hybrid seeds) to farmers and agricultural distributors/retailers. Revenue is generated from (a) sales of seed products across crop categories and geographies where it operates, and (b) associated commercialization activities required to bring seed varieties to market (such as multiplication/processing and distribution through dealer networks). Specific details such as crop-wise revenue mix, licensing/royalty income, contract seed production arrangements, export contribution, or named partnerships are not publicly available in the provided context and are therefore null.

Bombay Super Hybrid Seeds Ltd. Financial Statement Overview

Summary

Strong revenue and profit growth with healthy EBIT/EBITDA margins (Income Statement score 78), supported by a solid equity base (Balance Sheet score 65). The primary drag is weak cash generation: negative operating and free cash flow (Cash Flow score 55) raises liquidity and sustainability risk.

Income Statement

Bombay Super Hybrid Seeds Ltd. has shown strong revenue growth over recent years, with a notable increase from 2024 to 2025. The gross profit margin has been consistently positive, although the margins have slightly decreased over time. The net profit margin has improved, reflecting better cost management and efficiency. EBIT and EBITDA margins are healthy, indicating strong operational performance.

Balance Sheet

The company maintains a solid equity position with an increasing stockholders' equity over the years. However, the debt-to-equity ratio is moderately high, suggesting reliance on debt financing which could pose risks if not managed properly. Return on Equity (ROE) has improved, indicating better utilization of shareholders' investments.

Cash Flow

Operating cash flow has been negative, which is a concern, though the company has improved its financing cash flow. Free cash flow has been negative, indicating potential liquidity issues. The ratios of operating and free cash flow to net income suggest challenges in converting income to cash, which could impact future operations if not addressed.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Dec 2021
Income Statement
Total Revenue	3.55B	3.59B	2.57B	2.28B	1.94B	1.71B
Gross Profit	560.60M	539.11M	527.63M	366.59M	226.89M	349.12M
EBITDA	371.67M	355.17M	289.48M	218.55M	142.35M	90.89M
Net Income	275.52M	264.05M	222.16M	167.81M	105.04M	57.99M
Balance Sheet
Total Assets	0.00	2.22B	1.62B	1.33B	977.01M	726.86M
Cash, Cash Equivalents and Short-Term Investments	6.21M	6.21M	1.81M	810.00K	2.63M	51.86M
Total Debt	0.00	921.40M	480.15M	528.27M	394.72M	303.96M
Total Liabilities	-1.05B	1.17B	839.09M	765.42M	582.10M	437.49M
Stockholders Equity	1.05B	1.05B	782.77M	563.36M	394.91M	289.37M
Cash Flow
Free Cash Flow	0.00	-379.54M	114.12M	-98.74M	-116.93M	-86.37M
Operating Cash Flow	0.00	-353.23M	115.43M	-70.11M	-114.96M	-72.92M
Investing Cash Flow	0.00	-68.63M	-20.60M	-25.70M	-1.95M	-9.86M
Financing Cash Flow	0.00	379.78M	-93.83M	104.35M	73.71M	135.55M

Bombay Super Hybrid Seeds Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 123.06
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BSHSL, the sentiment is Negative. The current price of 123.06 is above the 20-day moving average (MA) of 89.08, above the 50-day MA of 94.33, and above the 200-day MA of 119.62, indicating a bearish trend. The MACD of -2.86 indicates Positive momentum. The RSI at 33.11 is Neutral, neither overbought nor oversold. The STOCH value of 33.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:BSHSL.

Bombay Super Hybrid Seeds Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NARMADA	70 Outperform	₹1.21B	20.06	―	―	23.65%	-41.93%
NATHBIOGEN	63 Neutral	₹2.82B	46.03	―	1.26%	18.68%	16.47%
AGROPHOS	61 Neutral	₹660.33M	23.51	―	2.51%	69.30%	―
BSHSL	57 Neutral	₹8.82B	35.69	―	―	21.32%	19.54%
Sector *	57 Neutral	$3.13B	9.23	-34.32%	3.14%	-25.56%	-353.61%
SIKKO	56 Neutral	₹2.06B	27.36	―	―	14.93%	-24.77%
NAGAFERT	48 Neutral	₹2.59B	-13.60	―	―	-100.00%	-101.18%