Basant Agro Tech (India) Ltd - Stock Valuation and Financial Performance

BSE: 524687 | NSE: | Fertilizers | Small Cap

Basant Agro Tech (I) Share Price

18.07 -0.22 -1.20%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Basant Agro Tech (I)

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Basant Agro Tech (India) stock performance -

mw4me loader
P/E Ratio (SA):
54.44
Market Cap:
165.8 Cr.
52-wk low:
14.9
52-wk high:
28.9

Is Basant Agro Tech (India) Ltd an attractive stock to invest in?

1. Is Basant Agro Tech (India) Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Basant Agro Tech (India) Ltd is a below average quality company.

2. Is Basant Agro Tech (India) Ltd undervalued or overvalued?

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

3. Is Basant Agro Tech (India) Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Basant Agro Tech (India) Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Basant Agro Tech (I):

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.
Basant Agro Tech (India) Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 11.8%8.2%6.2%6.1%6.4%6.4%7%6.7%11.6%9.7%-
Value Creation
Index
-0.2-0.4-0.6-0.6-0.5-0.6-0.5-0.5-0.2-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 314306317295260279286323448549437
Sales YoY Gr.--2.4%3.5%-6.8%-11.9%7.3%2.4%13%38.8%22.6%-
Adj EPS 1.810.60.60.70.80.912.120.3
YoY Gr.--44.3%-40.2%0%9.8%14.9%13%16.1%106.9%-5.7%-
BVPS (₹) 9.510.41111.612.212.913.914.916.918.918.6
Adj Net
Profit
16.69.35.55.56.177.99.21917.93
Cash Flow from Ops. 1312.532.732.513.413.913.913.6-9.5-20.1-
Debt/CF from Ops. 10.111.13.83.37.85.24.42.8-7.8-6.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 6.4%16.1%24.3%22.6%
Adj EPS 0.8%24.1%31.3%-5.7%
BVPS7.9%9.1%10.7%11.5%
Share Price 18.2% 35.3% 39.9% 19.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
21.310.35.75.45.76.26.5713.2111.8
Op. Profit
Mgn %
8.69.16.87.18.47.26.85.76.86.55.4
Net Profit
Mgn %
5.331.81.92.42.52.82.84.23.30.7
Debt to
Equity
1.51.51.210.90.60.50.30.50.7-
Working Cap
Days
222231233247256247245213184184133
Cash Conv.
Cycle
14015414515017215713812010210839

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 24.31%

Net Profit is growing at healthy rate in last 3 years 31.32%

Debt to equity has declined versus last 3 years average to 0.74

Return on Equity has declined versus last 3 years average to 1.80%

Sales growth is not so good in last 4 quarters at -22.39%

Latest Financials - Basant Agro Tech (India) Ltd.

Standalone Consolidated
TTM EPS (₹) 0.3 -
TTM Sales (₹ Cr.) 437 -
BVPS (₹.) 18.6 -
Reserves (₹ Cr.) 159 -
P/BV 0.99 -
PE 54.44 -
From the Market
52 Week Low / High (₹) 14.90 / 28.90
All Time Low / High (₹) 0.34 / 29.40
Market Cap (₹ Cr.) 166
Equity (₹ Cr.) 9.1
Face Value (₹) 1
Industry PE 20.5

Management X-Ray of Basant Agro Tech (I):

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 Basant Agro Tech (I)

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
Sales314306317295260279286323448549
Operating Expenses 287278295274238259266305418513
Manufacturing Costs21212019202325314137
Material Costs235227244224188201206233325420
Employee Cost 677891010121417
Other Costs 25242423222525293739
Operating Profit 27282221222020183036
Operating Profit Margin (%) 8.6%9.1%6.8%7.1%8.4%7.2%6.8%5.7%6.8%6.5%
Other Income 1011110001
Interest 1013121111884611
Depreciation 4555555556
Exceptional Items 0000000000
Profit Before Tax 14106677791920
Tax -311110-1001
Profit After Tax 1796667891918
PAT Margin (%) 5.3%3.0%1.8%1.9%2.3%2.6%2.7%2.8%4.2%3.3%
Adjusted EPS (₹)1.81.00.60.60.70.80.91.02.12.0
Dividend Payout Ratio (%)4%5%8%8%7%6%6%6%4%4%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 8695100105111117126135153171
Share Capital 9999999999
Reserves 77859196102108117126144162
Minority Interest0000000000
Debt12613411810110173603372124
Long Term Debt48443833292421172029
Short Term Debt77908069734839165395
Trade Payables46415850296244587765
Others Liabilities 30303132293641567254
Total Liabilities 287299306289270288271281374414

Fixed Assets

Gross Block114122132134138139140145157177
Accumulated Depreciation31364045495459646975
Net Fixed Assets838691898985818188102
CWIP 650200111112
Investments 0000000011
Inventories9610396828911385109181196
Trade Receivables83819993726774565161
Cash Equivalents 2222111111
Others Assets17221820192228324041
Total Assets 287299306289270288271281374414

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 1313333313141414-10-20
PBT 14106677791920
Adjustment 1418171716131291117
Changes in Working Capital -12-141012-8-6-5-4-37-54
Tax Paid -2-2-1-2-1-1-1-1-3-2
Cash Flow From Investing Activity -22-7-4-4-3-1-3-5-23-20
Capex -22-7-4-4-3-1-3-5-23-20
Net Investments 00000000-10
Others 0000000000
Cash Flow From Financing Activity 10-6-28-28-11-14-11-93340
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000039
Interest Paid -9-13-12-11-11-8-8-4-6-11
Dividend Paid -1-1-1-1-1-1-10-1-1
Others 208-16-170-5-3-43742
Net Cash Flow 0000-100000
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)21.2110.255.755.385.636.336.457.0213.1811.34
ROCE (%)11.7410.388.057.848.217.787.967.5112.6611.63
Asset Turnover Ratio1.161.081.081.020.961.011.041.191.421.43
PAT to CFO Conversion(x)0.761.445.55.52.1721.751.56-0.53-1.11
Working Capital Days
Receivable Days99941001161139089724236
Inventory Days103114111107116130125108114122
Payable Days81707488778294797562

Basant Agro Tech (India) Ltd Stock News

Basant Agro Tech (India) Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Basant Agro Tech (I) on 28-Mar-2024 16:01 is ₹18.07.
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 16:01 the market cap of Basant Agro Tech (I) stood at ₹165.8.
The latest P/E ratio of Basant Agro Tech (I) as of 28-Mar-2024 16:01 is 54.44.
The latest P/B ratio of Basant Agro Tech (I) as of 28-Mar-2024 16:01 is 0.99.
The 52-week high of Basant Agro Tech (I) is ₹28.90 and the 52-week low is ₹14.90.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Basant Agro Tech (I) is ₹437.2 ( Cr.) .

About Basant Agro Tech (India) Ltd

Basant Agro Tech (India) incorporated in 1990, is promoted by the renowned 130-year old ‘Bhartia Group’ from Akola along­ with C L Jhunjhnwala an NRI business tycoon from Singapore. The company is engaged in manufacturing and marketing of fertilizers.

The other activity of the company is research and development of hybrid seeds.

Basant Agro Tech (India) is well established in Maharashtra Madhya Pradesh, Chattisgarh and Andhra Pradesh. The company is now planning to market its fertilizers in other states like Karnataka, Rajasthan and western Maharashtra, etc.

The fertilizers of the company are sold under brand name ‘Krishi Sanjivani’.

Divisions

  • Seed Division- The seed division of the company is engaged in research and develop­ment of various hybrid seeds. The company has a well equipped laboratory wherein the research is being carried on. The R&D laboratory has been approved by the Ministry of Science & Technology, New Delhi.  The company has got the germ plasm for many seeds like millet, sorghum, cotton, sunflower, and maize etc.
  • Fertilisers Division- The company is the manufacturer of fertilizers having plants located at Akola in the Vidarbha region of Maharashtra. The Kaulkhed plant, which was installed in 1994 has a capacity to produce 60,000 TPA of NPK granulated mixed fertilizer of various types. Basant Agro Tech has installed a second plant in Kanheri Village to manufacture Single Super Phosphate (SSP) powder fertilizers with 1,20,000 TPA capacity and SSP granules fertilizers with 60,000 TPA capacity. The company has acquired the NPK mixture granulated fertilizer plant at Sangli having installed capacity 30,000 TPA which makes the total production capacity of the company of NPK mixture granulated fertilizer to 90,000 TPA.
  • Wind Power Generation Unit- The company has diversified into wind power generation by setting up a wind turbine generator (WTG) plant at Dhulia site. With the commencement of the activity of power generation the bottom line of the company is expected to improve.
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