BASF India Ltd - Stock Valuation and Financial Performance

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

BASF India Share Price

8,388 79.75 0.96%
as on 04-Nov'24 15:31

DeciZen - make an informed investing decision on BASF India

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

BASF India stock performance -

mw4me loader
P/E Ratio (SA):
53.49
Market Cap:
35,905.4 Cr.
52-wk low:
2,515.3
52-wk high:
8,748.1

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 Overvalued zone.

3. Is BASF India Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of BASF India Ltd is likely to Rise 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'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 1.2%4.6%5.3%16.3%10.5%7.1%46.2%36.5%22.1%26.1%-
Value Creation
Index
-0.9-0.7-0.60.2-0.2-0.52.41.70.60.9-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 4,7064,7475,0785,5836,0267,5959,55813,10013,64513,76714,346
Sales YoY Gr.-0.9%7%10%7.9%26%25.9%37.1%4.2%0.9%-
Adj EPS -15.2-28.5-0.834.83.518.769.5144.4100.7136155.1
YoY Gr.-NANANA-89.9%432.4%270.7%107.8%-30.2%35.1%-
BVPS (₹) 238.9257.8254.4310325.8286.6411.6538.6622.7743.8794.9
Adj Net
Profit
-65.8-123-3.415115.281.1301625436589671
Cash Flow from Ops. -96.3199221290-77.2572483330531807-
Debt/CF from Ops. -16.66.85.83-11.81.20.3000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 12.7%18%12.9%0.9%
Adj EPS NA107.7%25.1%35.1%
BVPS13.5%18%21.8%19.5%
Share Price 21.3% 53.2% 37.5% 229%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
-5.5-10.8-0.312.31.16.119.930.317.319.920.2
Op. Profit
Mgn %
3.53.15.96.534.47.47.35.66.77
Net Profit
Mgn %
-1.4-2.6-0.12.70.31.13.24.83.24.34.7
Debt to
Equity
1.61.21.20.70.70.50.1000-
Working Cap
Days
22719716616816615314613114114772
Cash Conv.
Cycle
5347364252402021241827

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 12.93%

Net Profit is growing at healthy rate in last 3 years 25.10%

Return on Equity has declined versus last 3 years average to 20.20%

Sales growth is not so good in last 4 quarters at 9.61%

Latest Financials - BASF India Ltd.

Standalone Consolidated
TTM EPS (₹) 155.1 130.1
TTM Sales (₹ Cr.) 14,346 13,767
BVPS (₹.) 794.9 794.9
Reserves (₹ Cr.) 3,397 3,397
P/BV 10.44 10.44
PE 53.49 63.74
From the Market
52 Week Low / High (₹) 2515.25 / 8748.10
All Time Low / High (₹) 63.50 / 8748.10
Market Cap (₹ Cr.) 35,905
Equity (₹ Cr.) 43.3
Face Value (₹) 10
Industry PE 41.8

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'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales4,7064,7475,0785,5836,0267,5959,55813,10013,64513,767
Operating Expenses 4,5734,6414,8135,2455,8767,3168,92712,18912,95912,885
Manufacturing Costs265315301315371298235311367365
Material Costs3,4243,3603,6043,9544,4736,0707,73010,76711,37511,316
Employee Cost 344328322351376363345381392392
Other Costs 540639586624656586617731824812
Operating Profit 133106266339149278631911686882
Operating Profit Margin (%) 2.8%2.2%5.2%6.1%2.5%3.7%6.6%7.0%5.0%6.4%
Other Income 10316301098528273883
Interest 9614814211316614047201416
Depreciation 142163169153147181174171182191
Exceptional Items 2917217159126-3240213150
Profit Before Tax -66-30-122617210840760543759
Tax 10215-10-13287165141196
Profit After Tax -67-30-142478223553595403563
PAT Margin (%) -1.4%-0.6%-0.3%4.4%1.4%0.3%5.8%4.5%3.0%4.1%
Adjusted EPS (₹)-15.5-7.0-3.356.918.95.3127.7137.493.1130.1
Dividend Payout Ratio (%)-26%-14%-31%5%26%57%8%4%9%12%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 1,1621,1161,1011,3421,4101,2411,7822,3322,6963,220
Share Capital 43434343434343434343
Reserves 1,1191,0731,0581,2991,3671,1971,7392,2882,6523,177
Minority Interest0000000000
Debt1,6001,3491,0574948774820000
Long Term Debt9529266933213031470000
Short Term Debt6484243641735733350000
Trade Payables9151,1061,1831,2711,2662,2162,6723,3163,3733,548
Others Liabilities 1,139206535741258792916667598615
Total Liabilities 4,8163,7773,8763,8483,8114,7315,3696,3146,6677,383

Fixed Assets

Gross Block2,0321,4501,5521,6171,5081,6261,6611,7551,9092,054
Accumulated Depreciation6811623295005516618439921,1161,295
Net Fixed Assets1,3511,2891,2221,117957965817763793759
CWIP 745533274223531001961
Investments 0000000000
Inventories9918089201,0191,2131,5531,5361,9432,2172,116
Trade Receivables9301,0421,0691,0891,0411,4212,0592,6212,3452,522
Cash Equivalents 128325913100173126367624
Others Assets1,3425796075865456697307619261,301
Total Assets 4,8163,7773,8763,8483,8114,7315,3696,3146,6677,383

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity -96199221290-77572483330531807
PBT -66-30-122617210840760543759
Adjustment 2161952826467336-175163142134
Changes in Working Capital -23151-4010-169239-114-339-0117
Tax Paid -15-17-9-44-48-14-68-255-154-204
Cash Flow From Investing Activity -163199-66158177-87182-120-199-450
Capex -172-4-78-39-70-56-67-124-62-99
Net Investments 0980000-303000
Others 910612197247-315514-137-351
Cash Flow From Financing Activity 372-425-133-465-95-464-592-257-91-102
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 162-78-58-181-26-3260000
Interest Paid -104-102-70-87-168-119-21-11-6-7
Dividend Paid -17-21-5-5-16-26-13-43-26-35
Others 332-2240-1911157-558-202-58-60
Net Cash Flow 113-2722-1652173-47241255
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)-6.22-2.82-1.2720.185.941.7336.5728.9216.0319.05
ROCE (%)1.234.625.3416.310.467.0946.1536.4822.1326.14
Asset Turnover Ratio1.071.21.441.481.571.781.952.32.162.02
PAT to CFO Conversion(x)N/AN/AN/A1.17-0.9424.870.870.551.321.43
Working Capital Days
Receivable Days64707069645965646563
Inventory Days76645762686657475456
Payable Days111110116113104105115101107112

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 04-Nov-2024 15:31 is ₹8,388.
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 04-Nov-2024 15:31 the market cap of BASF India stood at ₹35,905.4.
The latest P/E ratio of BASF India as of 04-Nov-2024 15:31 is 53.49.
The latest P/B ratio of BASF India as of 04-Nov-2024 15:31 is 10.44.
The 52-week high of BASF India is ₹8,748.1 and the 52-week low is ₹2,515.3.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of BASF India is ₹14,346 ( 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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