BASF India Ltd - Stock Valuation and Financial Performance

BSE: 500042 | NSE: BASF | Pesticides & Agrochemicals | Small Cap

BASF India Share Price

3,339.70 93.80 2.89%
as on 28-Mar'24 15:16

DeciZen - make an informed investing decision on BASF India

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

BASF India stock performance -

mw4me loader
P/E Ratio (SA):
29.02
Market Cap:
14,050.1 Cr.
52-wk low:
2,222.8
52-wk high:
3,495

Is BASF India Ltd an attractive stock to invest in?

1. Is BASF India Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that BASF India Ltd is a average quality company.

2. Is BASF India Ltd undervalued or overvalued?

The key valuation ratios of BASF India Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is BASF India Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of BASF India Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of BASF India:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
BASF India Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 10.6%0%-0.8%4%10%5.8%8.5%17.4%29.9%17.7%-
Value Creation
Index
-0.3-1.0-1.1-0.7-0.3-0.6-0.40.31.20.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 4,4304,7064,7475,0785,5836,0267,5959,55813,10013,64513,667
Sales YoY Gr.-6.2%0.9%7%10%7.9%26%25.9%37.1%4.2%-
Adj EPS 44.1-15.2-28.5-0.834.83.518.769.5144.4100.7111.9
YoY Gr.--134.5%NANANA-89.9%432.4%270.7%107.8%-30.2%-
BVPS (₹) 257.8238.9257.8254.4310325.8286.6411.6538.6622.7708.9
Adj Net
Profit
191-65.8-123-3.415115.281.1301625436484
Cash Flow from Ops. 7.7-96.3199221290-77.2572483330531-
Debt/CF from Ops. 138.1-16.66.85.83-11.81.20.300-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 13.3%19.6%21.6%4.2%
Adj EPS 9.6%23.7%75.2%-30.2%
BVPS10.3%15%29.5%15.6%
Share Price 14.6% 17.8% 18.5% 49%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
16-5.5-10.8-0.312.31.16.119.930.317.316.8
Op. Profit
Mgn %
8.23.53.15.96.534.47.47.35.65.7
Net Profit
Mgn %
4.3-1.4-2.6-0.12.70.31.13.24.83.23.5
Debt to
Equity
11.61.21.20.70.70.50.100-
Working Cap
Days
19522719716616916615514813114169
Cash Conv.
Cycle
3953473642524020212424

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 21.57%

Net Profit is growing at healthy rate in last 3 years 75.16%

Return on Equity has declined versus last 3 years average to 16.80%

Sales growth is not so good in last 4 quarters at 0.44%

Latest Financials - BASF India Ltd.

Standalone Consolidated
TTM EPS (₹) 111.9 22.2
TTM Sales (₹ Cr.) 13,667 1,627
BVPS (₹.) 708.9 0
Reserves (₹ Cr.) 3,025 1,824
P/BV 4.58 0.00
PE 29.02 146.25
From the Market
52 Week Low / High (₹) 2222.75 / 3495.00
All Time Low / High (₹) 63.50 / 3926.95
Market Cap (₹ Cr.) 14,050
Equity (₹ Cr.) 43.3
Face Value (₹) 10
Industry PE 33.5

Management X-Ray of BASF India:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of BASF India

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales4,4304,7064,7475,0785,5836,0267,5959,55813,10013,645
Operating Expenses 4,1464,5734,6414,8135,2455,8767,3168,92712,18912,959
Manufacturing Costs202265315301315371298235311367
Material Costs3,0833,4243,3603,6043,9544,4736,0707,73010,76711,375
Employee Cost 330344328322351376363345381392
Other Costs 531540639586624656586617731824
Operating Profit 284133106266339149278631911686
Operating Profit Margin (%) 6.4%2.8%2.2%5.2%6.1%2.5%3.7%6.6%7.0%5.0%
Other Income 8103163010985282738
Interest 1696148142113166140472014
Depreciation 71142163169153147181174171182
Exceptional Items -102917217159126-324021315
Profit Before Tax 194-66-30-122617210840760543
Tax 6610215-10-13287165141
Profit After Tax 128-67-30-142478223553595403
PAT Margin (%) 2.9%-1.4%-0.6%-0.3%4.4%1.4%0.3%5.8%4.5%3.0%
Adjusted EPS (₹)29.5-15.5-7.0-3.356.918.95.3127.7137.493.1
Dividend Payout Ratio (%)14%-26%-14%-31%5%26%57%8%4%9%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 1,2501,1621,1161,1011,3421,4101,2411,7822,3322,696
Share Capital 43434343434343434343
Reserves 1,2071,1191,0731,0581,2991,3671,1971,7392,2882,652
Minority Interest0000000000
Debt1,0551,6001,3491,057494877482000
Long Term Debt742952926693321303147000
Short Term Debt313648424364173573335000
Trade Payables1,1639151,1061,1831,2711,2662,2162,6723,3163,373
Others Liabilities 1,2141,139206535741258792916667598
Total Liabilities 4,6824,8163,7773,8763,8483,8114,7315,3696,3146,667

Fixed Assets

Gross Block1,1152,0321,4501,5521,6171,5081,6261,6611,7551,909
Accumulated Depreciation5886811623295005516618439921,116
Net Fixed Assets5261,3511,2891,2221,117957965817763793
CWIP 7927455332742235310019
Investments 0000000000
Inventories1,1469918089201,0191,2131,5531,5361,9432,217
Trade Receivables8609301,0421,0691,0891,0411,4212,0592,6212,345
Cash Equivalents 15128325913100173126367
Others Assets1,3431,342579607586545669730761926
Total Assets 4,6824,8163,7773,8763,8483,8114,7315,3696,3146,667

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 8-96199221290-77572483330531
PBT 194-66-30-122617210840760543
Adjustment 1002161952826467336-175163142
Changes in Working Capital -215-23151-4010-169239-114-339-0
Tax Paid -71-15-17-9-44-48-14-68-255-154
Cash Flow From Investing Activity -597-163199-66158177-87182-120-199
Capex -600-172-4-78-39-70-56-67-124-62
Net Investments 00980000-30300
Others 4910612197247-315514-137
Cash Flow From Financing Activity 588372-425-133-465-95-464-592-257-91
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 435162-78-58-181-26-326000
Interest Paid -38-104-102-70-87-168-119-21-11-6
Dividend Paid -17-17-21-5-5-16-26-13-43-26
Others 209332-2240-1911157-558-202-58
Net Cash Flow 0113-2722-1652173-47241
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)11.65-6.22-2.82-1.2720.185.941.7336.5728.9216.03
ROCE (%)11.591.234.625.3416.310.467.0946.1536.4822.13
Asset Turnover Ratio1.31.071.21.441.481.571.781.952.32.16
PAT to CFO Conversion(x)0.06N/AN/AN/A1.17-0.9424.870.870.551.32
Working Capital Days
Receivable Days58647070696459656465
Inventory Days77766457626866574754
Payable Days125111110116113104105115101107

BASF India Ltd Stock News

BASF India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of BASF India on 28-Mar-2024 15:16 is ₹3,339.7.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 15:16 the market cap of BASF India stood at ₹14,050.1.
The latest P/E ratio of BASF India as of 28-Mar-2024 15:16 is 29.02.
The latest P/B ratio of BASF India as of 28-Mar-2024 15:16 is 4.58.
The 52-week high of BASF India is ₹3,495 and the 52-week low is ₹2,222.8.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of BASF India is ₹13,667 ( Cr.) .

About BASF India Ltd

BASF India was known as R A Cole when it was incorporated in 1943. Later in the year 1963 the name was changed to Indoplast. In the year 1967 the company was renamed as BASF India which is flagship company of BASF Group. BASF is world’s leading company in chemical sector. BASF Group is a conglomerate that caters to various segments such as plastics, care chemicals, construction chemicals, petrochemicals, automotive and refinery chemicals, paper chemicals etc.

BASF India is engaged in the business of manufacturing & marketing of Styropor, tanning agents, leather chemicals and auxiliaries, crop protection chemicals, textile chemicals, dispersions and specialty chemicals, plastics, automotive and coil coatings, catalysts, construction chemicals, polystyrene and polyurethane systems.

With a strong manufacturing and R&D base, the BASF Group in India is represented by more than 1800 employees having multi-location production sites and an R&D centre, which is part of the BASF Global Technology Platform.

The company has three manufacturing facilities located in Thane, Mangalore and Dadra.

Chemicals manufactured by BASF India cater the needs of various industries such as leather, textile, paper, paints, construction, carpets, cosmetics, plastics, pharmaceutical, packaging and insulation.

In 2010, three BASF legal entities in India – BASF Coatings (India) Private Limited, BASF Construction Chemicals (India) Private Limited and BASF Polyurethanes India Limited were merged with BASF India Limited.

Recognition


2013
- BASF Thane site receives Energy Conservation Award
2011
– BASF awarded ''Social Business Company of the Year.
– BASF's Mangalore Site wins 1st prize for “Industrial Safety” in the medium scale category and the “Safe Boiler Award” in Karnataka by the Government of Karnataka

2010 
- BASF's Thane Site wins 1st prize for “Industrial Safety Performance” under the “Large” category of companies by the Directorate of Industrial Safety and Health, Thane Region
BASF conferred with the Frost & Sullivan Award for Product Excellence in Chemicals, Materials and Food sector

In the year 2000 BASF was in the Fortune 500 list of most admired chemical company in the world.

BASF India was titled as most admired Company in the Chemical and Fertilizer sector in a survey conducted by ORG-MARG.

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