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Last Updated on: 20 April, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 524687 | NSE: BASANTGL

Fundamental Analysis of Basant Agro Tech (India) Ltd

Basic Stock Data

Last Updated: April 19, 2024, 11:11 pm

Market Cap 181 Cr.
Current Price 19.9
High / Low28.9/15.2
Stock P/E59.2
Book Value 18.7
Dividend Yield0.40 %
ROCE11.4 %
ROE11.0 %
Face Value 1.00

Data Source: screener.in

Competitors of Basant Agro Tech (India) Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Gujarat Narmada Valley Fertilizers & Chemicals Ltd 10,050 Cr. 684815/52214.5 5944.39 %22.9 %17.3 % 10.0
National Fertilizer Ltd 4,852 Cr. 98.9130/65.0 44.82.82 %15.6 %19.8 % 10.0
Deepak Fertilisers & Petrochemicals Corp Ltd 6,885 Cr. 545715/45014.3 4111.83 %25.4 %26.5 % 10.0
Zuari Agro Chemicals Ltd 807 Cr. 192260/1282.62 3790.00 %10.2 %12.8 % 10.0
Aries Agro Ltd 360 Cr. 277343/15623.6 2000.35 %14.2 %6.83 % 10.0
Industry Average4,590.80 Cr359.3811.00325.761.88%17.66%16.65%10.00

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales55.7682.48149.8176.8779.38142.10201.28115.66100.56131.76151.8580.6372.97
Expenses52.4776.53141.3171.9072.02132.59191.19108.8592.35120.95144.2679.1769.33
Operating Profit3.295.958.504.977.369.5110.096.818.2110.817.591.463.64
OPM %5.90%7.21%5.67%6.47%9.27%6.69%5.01%5.89%8.16%8.20%5.00%1.81%4.99%
Other Income0.030.030.010.080.050.040.040.330.350.220.040.060.62
Interest1.150.681.631.391.251.712.402.313.542.373.613.793.57
Depreciation1.231.231.271.241.321.361.371.601.651.731.711.761.77
Profit before tax0.944.075.612.424.846.486.363.233.376.932.31-4.03-1.08
Tax %12.77%-2.70%8.02%11.98%19.42%-20.37%8.96%13.93%22.26%15.15%12.99%6.95%0.00%
Net Profit0.824.195.162.133.907.805.792.782.625.882.00-3.75-1.08
EPS in Rs0.090.460.570.240.430.860.640.310.290.650.22-0.41-0.12

Last Updated: April 10, 2024, 6:20 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: April 5, 2024, 7:06 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales276291314316317301268283290329466565437
Expenses253264287288295280246263270311436529414
Operating Profit24282728222122202018303624
OPM %9%9%9%9%7%7%8%7%7%6%6%6%5%
Other Income1000110100011
Interest810101312111188461113
Depreciation4545555555567
Profit before tax1213141066777919204
Tax %35%20%-22%9%9%10%10%2%-7%3%2%8%
Net Profit81017966678919183
EPS in Rs0.851.151.831.020.620.610.670.800.871.012.102.030.34
Dividend Payout %9%7%4%5%8%8%7%6%6%6%4%4%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)25.00%70.00%-47.06%-33.33%0.00%0.00%16.67%14.29%12.50%111.11%-5.26%
Change in YoY Net Profit Growth (%)0.00%45.00%-117.06%13.73%33.33%0.00%16.67%-2.38%-1.79%98.61%-116.37%

Growth

Compounded Sales Growth
10 Years:7%
5 Years:16%
3 Years:25%
TTM:-22%
Compounded Profit Growth
10 Years:6%
5 Years:24%
3 Years:31%
TTM:-84%
Stock Price CAGR
10 Years:19%
5 Years:39%
3 Years:45%
1 Year:10%
Return on Equity
10 Years:9%
5 Years:9%
3 Years:11%
Last Year:11%

Last Updated: April 16, 2024, 5:37 pm

Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital9999999999999
Reserves516177869196102108117126144162160
Borrowings9411013013912310710473603874127149
Other Liabilities58847165847755988410814811893
Total Liabilities212264287299306289270288271281375415411
Fixed Assets5159838691898985818188102102
CWIP71265020011111211
Investments0000000000111
Other Assets154193198208215198181203188199275300297
Total Assets212264287299306289270288271281375415411

Reserves and Borrowings Chart

Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -8141313333313141414-10-20
Cash from Investing Activity -17-18-22-7-4-4-3-1-3-5-23-20
Cash from Financing Activity 25410-6-28-28-11-14-11-93340
Net Cash Flow0-00-0-00-1-00-000

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow-70.00-82.00-103.00-111.00-101.00-86.00-82.00-53.00-40.00-20.00-44.00-91.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days851139794115113988793624039
Inventory Days135143149166143134172206151171204170
Days Payable6898716687825611377908657
Cash Conversion Cycle151157174194171165214180166143157153
Working Capital Days1251411481641521471731391329597116
ROCE %15%14%12%10%8%8%8%8%8%8%13%11%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters52.95%52.96%53.00%53.05%53.05%53.05%53.05%53.05%53.05%53.07%53.07%53.07%
DIIs0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%
Public47.03%47.02%46.98%46.93%46.93%46.93%46.94%46.93%46.92%46.91%46.91%46.90%
No. of Shareholders8,79912,47713,89815,42447,95747,18344,91446,59248,01446,72048,02047,481

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)2.022.090.970.870.80
Diluted EPS (Rs.)2.022.090.970.870.80
Cash EPS (Rs.)2.732.671.511.401.33
Book Value[Excl.RevalReserv]/Share (Rs.)18.8616.9114.8813.9212.94
Book Value[Incl.RevalReserv]/Share (Rs.)18.8616.9114.8813.9212.94
Dividend / Share (Rs.)0.080.080.060.050.05
Revenue From Operations / Share (Rs.)60.6149.4535.6431.5530.81
PBDIT / Share (Rs.)4.073.372.042.192.27
PBIT / Share (Rs.)3.372.791.491.651.74
PBT / Share (Rs.)2.192.141.040.810.80
Net Profit / Share (Rs.)2.032.100.960.860.79
PBDIT Margin (%)6.716.805.716.937.37
PBIT Margin (%)5.555.654.185.245.64
PBT Margin (%)3.614.312.932.562.62
Net Profit Margin (%)3.344.232.722.742.58
Return on Networth / Equity (%)10.7512.396.516.226.15
Return on Capital Employeed (%)15.0014.398.739.9710.77
Return On Assets (%)4.425.063.122.902.50
Long Term Debt / Equity (X)0.160.120.120.160.20
Total Debt / Equity (X)0.720.470.240.470.61
Asset Turnover Ratio (%)1.391.371.171.021.00
Current Ratio (X)1.401.361.561.551.43
Quick Ratio (X)0.470.450.690.840.62
Inventory Turnover Ratio (X)2.161.631.461.131.12
Dividend Payout Ratio (NP) (%)3.942.865.155.836.27
Dividend Payout Ratio (CP) (%)2.932.243.303.613.75
Earning Retention Ratio (%)96.0697.1494.8594.1793.73
Cash Earning Retention Ratio (%)97.0797.7696.7096.3996.25
Interest Coverage Ratio (X)3.475.114.572.592.45
Interest Coverage Ratio (Post Tax) (X)2.734.183.182.031.86
Enterprise Value (Cr.)261.46236.8091.3080.94109.14
EV / Net Operating Revenue (X)0.470.520.280.280.39
EV / EBITDA (X)7.097.764.954.085.30
MarketCap / Net Operating Revenue (X)0.250.370.180.070.13
Retention Ratios (%)96.0597.1394.8494.1693.72
Price / BV (X)0.811.080.440.170.31
Price / Net Operating Revenue (X)0.250.370.180.070.13
EarningsYield0.130.110.140.350.19

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 122.26

The stock is undervalued by 514.38% compared to the current price ₹19.9

Calculation basis:

  • Fair value = (P/E Ratio * (Return on Equity / 100) * Book Value) * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (106.23 cr) compared to borrowings (102.15 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (342.54 cr) and profit (10.31 cr) over the years.
  1. The stock has a low average ROCE of 10.25%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 135.75, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 168.75, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Basant Agro Tech (India) Ltd:
    1. Net Profit Margin: 3.34%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 15.00% (Industry Average ROCE: 16.27%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 10.75% (Industry Average ROE: 20.97%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 2.73
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.47
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 59.2 (Industry average Stock P/E: 18.64)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. ✓ Total Debt / Equity: 0.72
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating: ★★☆☆☆

About the Company

Basant Agro Tech (India) Ltd. is a Public Limited Listed company incorporated on 16/10/1990 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L24120MH1990PLC058560 and registration number is 058560. Currently Company is involved in the business activities of Manufacture of other fertilizers. Company’s Total Operating Revenue is Rs. 448.16 Cr. and Equity Capital is Rs. 9.06 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
FertilisersPlot No. 13/2, Kaulkhed, Near S T Workshop, Akola Maharashtra 444001basantagro_investorgrievance@hotmail.com
http://www.basantagro.com
Management
NamePosition Held
Mr. S C BhartiaChairman & Managing Director
Mr. D C BhartiaManaging Director
Mr. A N BhartiaExecutive Director
Mr. S W SawantDirector
Mr. R S TayadeDirector
Mrs. M M KhandelwalDirector
Mr. Rameshwar KabraDirector

Basant Agro Tech (India) Ltd. Share Price Update

Share PriceValue
Today₹20.15
Previous Day₹20.18

FAQ

What is the latest fair value of Basant Agro Tech (India) Ltd?

The latest fair value of Basant Agro Tech (India) Ltd is 122.26.

What is the Market Cap of Basant Agro Tech (India) Ltd?

The Market Cap of Basant Agro Tech (India) Ltd is 181 Cr..

What is the current Stock Price of Basant Agro Tech (India) Ltd as on 19 April 2024?

The current stock price of Basant Agro Tech (India) Ltd as on 19 April 2024 is 19.9.

What is the High / Low of Basant Agro Tech (India) Ltd stocks in FY 2024?

In FY 2024, the High / Low of Basant Agro Tech (India) Ltd stocks is ₹28.9/15.2.

What is the Stock P/E of Basant Agro Tech (India) Ltd?

The Stock P/E of Basant Agro Tech (India) Ltd is 59.2.

What is the Book Value of Basant Agro Tech (India) Ltd?

The Book Value of Basant Agro Tech (India) Ltd is 18.7.

What is the Dividend Yield of Basant Agro Tech (India) Ltd?

The Dividend Yield of Basant Agro Tech (India) Ltd is 0.40 %.

What is the ROCE of Basant Agro Tech (India) Ltd?

The ROCE of Basant Agro Tech (India) Ltd is 11.4 %.

What is the ROE of Basant Agro Tech (India) Ltd?

The ROE of Basant Agro Tech (India) Ltd is 11.0 %.

What is the Face Value of Basant Agro Tech (India) Ltd?

The Face Value of Basant Agro Tech (India) Ltd is 1.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Basant Agro Tech (India) Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE