BSE: 500042 | NSE: BASF | Pesticides & Agrochemicals | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that BASF India Ltd is a average quality company.
The key valuation ratios of BASF India Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of BASF India Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | -0.6 | 0.2 | -0.2 | -0.5 | 2.4 | 1.7 | 0.6 | 0.9 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 4,706 | 4,747 | 5,078 | 5,583 | 6,026 | 7,595 | 9,558 | 13,100 | 13,645 | 13,767 | 14,888 |
| Sales YoY Gr. | - | 0.9% | 7% | 10% | 7.9% | 26% | 25.9% | 37.1% | 4.2% | 0.9% | - |
| Adj EPS ⓘ | -15.2 | -28.5 | -0.8 | 34.8 | 3.5 | 18.7 | 69.5 | 144.4 | 100.7 | 136 | 150.2 |
| YoY Gr. | - | NA | NA | NA | -89.9% | 432.4% | 270.7% | 107.8% | -30.2% | 35.1% | - |
| BVPS (₹) ⓘ | 238.9 | 257.8 | 254.4 | 310 | 325.8 | 286.6 | 411.6 | 538.6 | 622.7 | 743.8 | 810.6 |
| Adj Net Profit ⓘ | -65.8 | -123 | -3.4 | 151 | 15.2 | 81.1 | 301 | 625 | 436 | 589 | 650 |
| Cash Flow from Ops. ⓘ | -96.3 | 199 | 221 | 290 | -77.2 | 572 | 483 | 330 | 531 | 807 | - |
| Debt/CF from Ops. ⓘ | -16.6 | 6.8 | 5.8 | 3 | -11.8 | 1.2 | 0.3 | 0 | 0 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 12.7% | 18% | 12.9% | 0.9% | ||||
| Adj EPS ⓘ | NA | 107.7% | 25.1% | 35.1% | ||||
| BVPSⓘ | 13.5% | 18% | 21.8% | 19.5% | ||||
| Share Price | 16.3% | 43.9% | 27.3% | 91% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -5.5 | -10.8 | -0.3 | 12.3 | 1.1 | 6.1 | 19.9 | 30.3 | 17.3 | 19.9 | 19.3 |
| Op. Profit Mgn % ⓘ | 3.5 | 3.1 | 5.9 | 6.5 | 3 | 4.4 | 7.4 | 7.3 | 5.6 | 6.7 | 6.5 |
| Net Profit Mgn % ⓘ | -1.4 | -2.6 | -0.1 | 2.7 | 0.3 | 1.1 | 3.2 | 4.8 | 3.2 | 4.3 | 4.4 |
| Debt to Equity ⓘ | 1.6 | 1.2 | 1.2 | 0.7 | 0.7 | 0.5 | 0.1 | 0 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 227 | 197 | 166 | 168 | 166 | 153 | 146 | 131 | 141 | 147 | 78 |
| Cash Conv. Cycle ⓘ | 53 | 47 | 36 | 42 | 52 | 40 | 20 | 21 | 24 | 18 | 29 |
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%
Sales growth is good in last 4 quarters at 12.40%
Return on Equity has declined versus last 3 years average to 19.30%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 150.2 | 150.2 |
| TTM Sales (₹ Cr.) | 14,888 | 14,888 |
| BVPS (₹.) ⓘ | 810.6 | 810.6 |
| Reserves (₹ Cr.) ⓘ | 3,465 | 3,465 |
| P/BV ⓘ | 7.36 | 7.36 |
| PE ⓘ | 39.75 | 39.75 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 2870.00 / 8748.10 |
| All Time Low / High (₹) | 63.50 / 8748.10 |
| Market Cap (₹ Cr.) | 25,839 |
| Equity (₹ Cr.) | 43.3 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 43.2 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4,706 | 4,747 | 5,078 | 5,583 | 6,026 | 7,595 | 9,558 | 13,100 | 13,645 | 13,767 |
| Operating Expenses ⓘ | 4,573 | 4,641 | 4,813 | 5,245 | 5,876 | 7,316 | 8,927 | 12,189 | 12,959 | 12,885 |
| Manufacturing Costs | 265 | 315 | 301 | 315 | 371 | 298 | 235 | 311 | 367 | 365 |
| Material Costs | 3,424 | 3,360 | 3,604 | 3,954 | 4,473 | 6,070 | 7,730 | 10,767 | 11,375 | 11,316 |
| Employee Cost | 344 | 328 | 322 | 351 | 376 | 363 | 345 | 381 | 392 | 392 |
| Other Costs ⓘ | 540 | 639 | 586 | 624 | 656 | 586 | 617 | 731 | 824 | 812 |
| Operating Profit ⓘ | 133 | 106 | 266 | 339 | 149 | 278 | 631 | 911 | 686 | 882 |
| 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 ⓘ | 10 | 3 | 16 | 30 | 109 | 85 | 28 | 27 | 38 | 83 |
| Interest ⓘ | 96 | 148 | 142 | 113 | 166 | 140 | 47 | 20 | 14 | 16 |
| Depreciation ⓘ | 142 | 163 | 169 | 153 | 147 | 181 | 174 | 171 | 182 | 191 |
| Exceptional Items ⓘ | 29 | 172 | 17 | 159 | 126 | -32 | 402 | 13 | 15 | 0 |
| Profit Before Tax ⓘ | -66 | -30 | -12 | 261 | 72 | 10 | 840 | 760 | 543 | 759 |
| Tax ⓘ | 1 | 0 | 2 | 15 | -10 | -13 | 287 | 165 | 141 | 196 |
| Profit After Tax | -67 | -30 | -14 | 247 | 82 | 23 | 553 | 595 | 403 | 563 |
| 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 | -3.3 | 56.9 | 18.9 | 5.3 | 127.7 | 137.4 | 93.1 | 130.1 |
| Dividend Payout Ratio (%) | -26% | -14% | -31% | 5% | 26% | 57% | 8% | 4% | 9% | 12% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 1,162 | 1,116 | 1,101 | 1,342 | 1,410 | 1,241 | 1,782 | 2,332 | 2,696 | 3,220 |
| Share Capital ⓘ | 43 | 43 | 43 | 43 | 43 | 43 | 43 | 43 | 43 | 43 |
| Reserves ⓘ | 1,119 | 1,073 | 1,058 | 1,299 | 1,367 | 1,197 | 1,739 | 2,288 | 2,652 | 3,177 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 1,600 | 1,349 | 1,057 | 494 | 877 | 482 | 0 | 0 | 0 | 0 |
| Long Term Debt | 952 | 926 | 693 | 321 | 303 | 147 | 0 | 0 | 0 | 0 |
| Short Term Debt | 648 | 424 | 364 | 173 | 573 | 335 | 0 | 0 | 0 | 0 |
| Trade Payables | 915 | 1,106 | 1,183 | 1,271 | 1,266 | 2,216 | 2,672 | 3,316 | 3,373 | 3,548 |
| Others Liabilities ⓘ | 1,139 | 206 | 535 | 741 | 258 | 792 | 916 | 667 | 598 | 615 |
| Total Liabilities ⓘ | 4,816 | 3,777 | 3,876 | 3,848 | 3,811 | 4,731 | 5,369 | 6,314 | 6,667 | 7,383 |
Fixed Assets | ||||||||||
| Gross Block | 2,032 | 1,450 | 1,552 | 1,617 | 1,508 | 1,626 | 1,661 | 1,755 | 1,909 | 2,054 |
| Accumulated Depreciation | 681 | 162 | 329 | 500 | 551 | 661 | 843 | 992 | 1,116 | 1,295 |
| Net Fixed Assetsⓘ | 1,351 | 1,289 | 1,222 | 1,117 | 957 | 965 | 817 | 763 | 793 | 759 |
| CWIP ⓘ | 74 | 55 | 33 | 27 | 42 | 23 | 53 | 100 | 19 | 61 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventories | 991 | 808 | 920 | 1,019 | 1,213 | 1,553 | 1,536 | 1,943 | 2,217 | 2,116 |
| Trade Receivables | 930 | 1,042 | 1,069 | 1,089 | 1,041 | 1,421 | 2,059 | 2,621 | 2,345 | 2,522 |
| Cash Equivalents | 128 | 3 | 25 | 9 | 13 | 100 | 173 | 126 | 367 | 624 |
| Others Assetsⓘ | 1,342 | 579 | 607 | 586 | 545 | 669 | 730 | 761 | 926 | 1,301 |
| Total Assets ⓘ | 4,816 | 3,777 | 3,876 | 3,848 | 3,811 | 4,731 | 5,369 | 6,314 | 6,667 | 7,383 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -96 | 199 | 221 | 290 | -77 | 572 | 483 | 330 | 531 | 807 |
| PBT ⓘ | -66 | -30 | -12 | 261 | 72 | 10 | 840 | 760 | 543 | 759 |
| Adjustment ⓘ | 216 | 195 | 282 | 64 | 67 | 336 | -175 | 163 | 142 | 134 |
| Changes in Working Capital ⓘ | -231 | 51 | -40 | 10 | -169 | 239 | -114 | -339 | -0 | 117 |
| Tax Paid ⓘ | -15 | -17 | -9 | -44 | -48 | -14 | -68 | -255 | -154 | -204 |
| Cash Flow From Investing Activity ⓘ | -163 | 199 | -66 | 158 | 177 | -87 | 182 | -120 | -199 | -450 |
| Capex | -172 | -4 | -78 | -39 | -70 | -56 | -67 | -124 | -62 | -99 |
| Net Investments | 0 | 98 | 0 | 0 | 0 | 0 | -303 | 0 | 0 | 0 |
| Others ⓘ | 9 | 106 | 12 | 197 | 247 | -31 | 551 | 4 | -137 | -351 |
| Cash Flow From Financing Activityⓘ | 372 | -425 | -133 | -465 | -95 | -464 | -592 | -257 | -91 | -102 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 162 | -78 | -58 | -181 | -26 | -326 | 0 | 0 | 0 | 0 |
| 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 | -224 | 0 | -191 | 115 | 7 | -558 | -202 | -58 | -60 |
| Net Cash Flow ⓘ | 113 | -27 | 22 | -16 | 5 | 21 | 73 | -47 | 241 | 255 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -6.22 | -2.82 | -1.27 | 20.18 | 5.94 | 1.73 | 36.57 | 28.92 | 16.03 | 19.05 |
| ROCE (%) | 1.23 | 4.62 | 5.34 | 16.3 | 10.46 | 7.09 | 46.15 | 36.48 | 22.13 | 26.14 |
| Asset Turnover Ratio | 1.07 | 1.2 | 1.44 | 1.48 | 1.57 | 1.78 | 1.95 | 2.3 | 2.16 | 2.02 |
| PAT to CFO Conversion(x) | N/A | N/A | N/A | 1.17 | -0.94 | 24.87 | 0.87 | 0.55 | 1.32 | 1.43 | Working Capital Days |
| Receivable Days | 64 | 70 | 70 | 69 | 64 | 59 | 65 | 64 | 65 | 63 |
| Inventory Days | 76 | 64 | 57 | 62 | 68 | 66 | 57 | 47 | 54 | 56 |
| Payable Days | 111 | 110 | 116 | 113 | 104 | 105 | 115 | 101 | 107 | 112 |
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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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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