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

Bombay Super Hybrid Seeds Ltd.

(NSE:BSHSL)

Select Model

Rating:56Neutral

Price Target:INR 104.00▲(23.24% Upside)

Action:reiterated

Date:10/13/26

The score is primarily held back by weak and inconsistent cash generation (negative operating and free cash flow in most years) and rising leverage in 2026, despite solid earnings growth over the cycle. Technicals are mixed (near-term strength but below the 200-day and negative MACD), while valuation is relatively high (P/E 32.43) with no dividend yield data to offset it.

Positive Factors

Long-term earnings growthThe company has substantially increased revenue over the broader period while lifting net income from approximately 58.0M to 266.6M. This demonstrates meaningful earnings expansion and indicates that the hybrid-seed business has built greater profit capacity over time.

Negative Factors

Weak cash conversionPersistent negative operating and free cash flow indicates that reported profits are not consistently converting into cash. The 2026 outflows are particularly material, limiting internally generated funding for growth, increasing reliance on financing, and weakening financial flexibility over the next several quarters.

Bombay Super Hybrid Seeds Ltd. (BSHSL) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 8.73B
Dividend Yield: ―
Average Volume (3M): 1,867
Price to Earnings (P/E): 30.4
Beta (1Y): 1.37
Revenue Growth: 25.11%
EPS Growth: 3.89%
Country: India
Employees: 60
Sector: General
Sector Strength: 55
Industry: Agricultural Inputs

Bombay Super Hybrid Seeds Ltd. Business Overview & Revenue Model

Company Description

Bombay Super Hybrid Seeds Limited, an Indian enterprise, specializes in the development, cultivation, processing, and distribution of both hybrid and genetically modified (GM) seeds. Its extensive product catalog encompasses a vast array of agricultu...

How the Company Makes Money

BSHSL primarily makes money by selling seeds (notably hybrid seeds) to distributors, dealers/retailers, and/or farmers. Revenue is generated from the sale of seed products across crop categories the company offers. Additional, company-specific detail...

Bombay Super Hybrid Seeds Ltd. Financial Statement Overview

Summary

Income statement strength (revenue scaled over 2021–2025 and net income rose to ~266.6M in 2026) is offset by (1) margin pressure versus 2024–2025, (2) rising leverage with total debt up to ~1.08B in 2026, and (3) persistently weak cash conversion with negative operating cash flow in most years (including -220.3M in 2026) and negative free cash flow (-248.6M in 2026).

Income Statement

72Positive

Balance Sheet

63Positive

Cash Flow

34Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	4.42B	3.44B	3.59B	2.57B	2.28B	1.94B
Gross Profit	769.31M	588.37M	539.11M	527.63M	366.59M	226.89M
EBITDA	381.96M	365.04M	355.17M	289.48M	218.55M	142.35M
Net Income	288.07M	266.57M	264.05M	222.16M	167.81M	105.04M
Balance Sheet
Total Assets	1.94B	2.54B	2.22B	1.62B	1.33B	977.01M
Cash, Cash Equivalents and Short-Term Investments	36.66M	7.08M	6.21M	1.81M	810.00K	2.63M
Total Debt	231.16M	1.08B	921.40M	480.15M	528.27M	394.72M
Total Liabilities	453.93M	1.23B	1.17B	839.09M	765.42M	582.10M
Stockholders Equity	1.48B	1.31B	1.05B	782.77M	563.36M	394.91M
Cash Flow
Free Cash Flow	0	-248.55M	-379.54M	114.12M	-98.74M	-116.93M
Operating Cash Flow	0	-220.28M	-353.23M	115.43M	-70.11M	-114.96M
Investing Cash Flow	0	59.37M	-68.63M	-20.60M	-25.70M	-1.95M
Financing Cash Flow	0	161.28M	379.78M	-93.83M	104.35M	73.71M

Bombay Super Hybrid Seeds Ltd. Technical Analysis

Technical Analysis SentimentNegative

Last Price84.39

Price Trends

50DMA87.90Negative

100DMA88.70Negative

200DMA90.66Negative

Market Momentum

MACD-0.85Positive

RSI45.46Neutral

STOCH9.65Positive

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 84.39 is below the 20-day moving average (MA) of 86.93, below the 50-day MA of 87.90, and below the 200-day MA of 90.66, indicating a bearish trend. The MACD of -0.85 indicates Positive momentum. The RSI at 45.46 is Neutral, neither overbought nor oversold. The STOCH value of 9.65 is Positive, 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

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:BSHSL against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:BAYERCROP	72Outperform	INR 146.65B	19.99	―	4.60%	-2.78%	23.56%
IN:KSCL	64Neutral	INR 34.15B	13.37	―	1.51%	-2.82%	-16.45%
IN:RALLIS	63Neutral	INR 35.75B	18.14	―	1.63%	6.82%	11.93%
IN:NOVAAGRI	57Neutral	INR 1.94B	14.88	―	―	-8.44%	-51.34%
IN:BSHSL	56Neutral	INR 8.86B	30.36	―	―	25.11%	3.89%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:NATHBIOGEN	46Neutral	INR 2.50B	7.11	―	1.52%	21.02%	-3.13%

* General Sector Average

Performance Comparison

IN:BSHSL and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:BSHSL	Bombay Super Hybrid Seeds Ltd.	84.39	-39.18	-31.71%
IN:BAYERCROP	Bayer Cropscience India Limited	3263.00	-1444.97	-30.69%
IN:KSCL	Kaveri Seed Co. Ltd.	663.80	-362.21	-35.30%
IN:NATHBIOGEN	Nath Bio-Genes (India) Ltd.	131.50	-37.81	-22.33%
IN:NOVAAGRI	Nova Agritech Limited	21.01	-25.83	-55.15%
IN:RALLIS	Rallis India Limited	183.85	-75.13	-29.01%

Bombay Super Hybrid Seeds Ltd. Corporate Events

Bombay Super Hybrid Seeds shareholders approve FY 2025-26 accounts at 12th AGM

Oct 5, 2026

Bombay Super Hybrid Seeds Ltd. informed the stock exchanges that it held its 12th Annual General Meeting on September 30, 2026, at its registered office, with 16,453 shareholders on record and a mix of promoters and public shareholders attending in p...

Bombay Super Hybrid Seeds Holds 12th AGM, Highlights 2025-26 Performance and Governance

Sep 30, 2026

Bombay Super Hybrid Seeds Limited held its 12th Annual General Meeting on September 30, 2026, at its Rajkot registered office, with Managing Director Arvindkumar Kakadia chairing the session and confirming that statutory reports contained no qualific...

Bombay Super Hybrid Seeds Sets AGM Date, Confirms Board Reappointments

Sep 9, 2026

Bombay Super Hybrid Seeds Ltd. has approved its Board’s report for the financial year ended March 31, 2026 and set the groundwork for its 12th Annual General Meeting. The AGM will be held on September 30, 2026 at the company’s registered...

Bombay Super Hybrid Seeds Sets Record Date for AGM Voting Rights

Sep 9, 2026

Bombay Super Hybrid Seeds Ltd. operates in the agricultural and seed industry, focusing on the development and sale of hybrid seeds to farmers and agribusinesses. The company is listed on both the National Stock Exchange of India and BSE, giving it a...

Bombay Super Hybrid Seeds Publishes Q1 FY27 Unaudited Results in Line with SEBI Norms

Aug 9, 2026

Bombay Super Hybrid Seeds Ltd. announced that its board approved the unaudited financial results for the quarter ended June 30, 2026 at a meeting held on August 7, 2026, and that these results have been published in leading English and Gujarati newsp...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 13, 2026

Bombay Super Hybrid Seeds Ltd. AI Stock Analysis