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Last Updated on: 31 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo
Stock Ticker - BSE: 500042 | NSE: BASF

BASF India Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 31, 2024, 8:54 am

Market Cap 24,022 Cr.
Current Price 5,550
High / Low 8,750/2,868
Stock P/E37.5
Book Value 811
Dividend Yield0.27 %
ROCE25.0 %
ROE19.0 %
Face Value 10.0
PEG Ratio0.45

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for BASF India Ltd

Competitors of BASF India Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Gujchem Distillers India Ltd 151 Cr. 424 541/61.8398 3900.00 %1.38 %2.17 % 1.00
Elantas Beck India Ltd 10,299 Cr. 12,991 14,980/7,60170.1 1,0180.04 %27.7 %20.6 % 10.0
Crestchem Ltd 80.0 Cr. 267 350/70.025.2 21.10.19 %78.2 %56.2 % 10.0
Chemiesynth (Vapi) Ltd 11.0 Cr. 35.8 34.1/0.00 37.50.00 %1.00 %3.38 % 10.0
Archit Organosys Ltd 96.7 Cr. 47.1 63.6/35.1134 32.20.00 %3.69 %0.75 % 10.0
Industry Average5,757.83 Cr1,965.3179.01317.660.27%16.28%12.32%7.41

All Competitor Stocks of BASF India Ltd

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales2,5072,8063,0133,4053,2923,3903,8883,5822,8983,2773,3753,7073,326
Expenses2,2672,5862,7233,1763,1143,1743,5773,3942,8433,1433,1773,4733,114
Operating Profit24021929022917721531118855134198234212
OPM %10%8%10%7%5%6%8%5%2%4%6%6%6%
Other Income6-17331911310122791627
Interest61036445432823
Depreciation43424243424445454647474749
Profit before tax19714924818315017926414918112152200187
Tax %41%63%21%25%26%16%26%24%41%27%26%26%25%
Net Profit115561971371101501971131182113149140
EPS in Rs26.6012.8945.5831.7325.5034.6245.4526.132.4619.0326.0334.4532.36

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales3,5163,9414,4304,7064,7495,0735,5836,0267,5959,55813,10013,64513,684
Expenses3,3063,6984,1464,5724,6424,8025,2385,8617,3168,92612,18812,95812,907
Operating Profit210242284133107271346165279633911687778
OPM %6%6%6%3%2%5%6%3%4%7%7%5%6%
Other Income54-33917327182139-4419375379
Interest14171696148142113858338171415
Depreciation526071142163169153147181174171182189
Profit before tax150169194-66-30-122617210840760543652
Tax %33%33%34%-2%0%-13%6%-14%-131%34%22%26%
Net Profit101114128-67-30-142468223553595403484
EPS in Rs23.3026.3629.54-15.46-7.02-3.2656.9518.885.28127.67137.4293.08111.87
Dividend Payout %17%15%14%-26%-14%-31%5%26%57%8%4%9%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)12.87%12.28%-152.34%55.22%53.33%1857.14%-66.67%-71.95%2304.35%7.59%-32.27%
Change in YoY Net Profit Growth (%)0.00%-0.59%-164.62%207.57%-1.89%1803.81%-1923.81%-5.28%2376.30%-2296.75%-39.86%

BASF India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:12%
5 Years:18%
3 Years:13%
TTM:12%
Compounded Profit Growth
10 Years:15%
5 Years:80%
3 Years:25%
TTM:86%
Stock Price CAGR
10 Years:16%
5 Years:41%
3 Years:22%
1 Year:81%
Return on Equity
10 Years:10%
5 Years:18%
3 Years:20%
Last Year:19%

Last Updated: Unknown

Balance Sheet

Last Updated: November 15, 2024, 1:37 am

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital43434343434343434343434343
Reserves1,0991,2071,1191,0731,0591,3011,3701,2011,7432,2932,6583,1803,465
Borrowings3701,0671,6001,3491,275868912822286122106156177
Other Liabilities1,2931,7171,4061,3111,4981,6351,5242,7643,0723,6523,7583,8534,490
Total Liabilities2,8064,0344,1683,7773,8753,8463,8494,8305,1446,1106,5657,2338,176
Fixed Assets4355261,3511,2891,2221,117957965817763793759798
CWIP31979274553327422353100196151
Investments0000000000002
Other Assets2,0512,7162,7432,4332,6192,7022,8503,8424,2745,2475,7536,4137,325
Total Assets2,8064,0344,1683,7773,8753,8463,8494,8305,1446,1106,5657,2338,176

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +2338-96199221290-77572483330531807
Cash from Investing Activity +-383-597-163199-66158177-21182-120-199-450
Cash from Financing Activity +132588372-425-133-465-95-464-592-257-91-102
Net Cash Flow-18-0113-2722-1658773-47241255

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow210.00-128.00283.00132.00106.00270.00-522.00-747.00-543.00347.00789.00581.00

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 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days637172807771636879736367
Inventory Days119136106859394999373667168
Days Payable12513898117120117103133126112108114
Cash Conversion Cycle576980495048592825262621
Working Capital Days537594766240672828353845
ROCE %13%12%0%-2%5%9%1%6%23%34%20%25%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters73.33%73.33%73.33%73.33%73.33%73.33%73.33%73.33%73.33%73.33%73.33%73.33%
FIIs2.22%1.88%2.34%2.71%2.78%2.83%2.93%3.02%3.18%3.81%4.12%4.35%
DIIs6.63%6.90%6.86%6.45%6.20%6.11%6.35%6.58%6.77%6.63%6.67%5.97%
Public17.82%17.89%17.46%17.50%17.69%17.72%17.37%17.07%16.72%16.21%15.87%16.34%
No. of Shareholders52,51254,47354,32955,44754,52155,43054,68353,88352,11951,06848,21950,412

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Tata Small Cap Fund763,0514251.7629,4372024-12-292492.15%
Tata Hybrid Equity Fund - Regular Plan310,0002.77102.2829,4372024-12-29953.1%
Tata Large & Mid Cap Fund - Regular Plan250,9421.2582.829,4372024-12-29752.47%
Tata Large & Mid Cap Fund - Regular Plan250,9421.2582.829,4372024-12-29752.47%
ICICI Prudential Smallcap Fund112,2600.537.0429,4372024-12-29281.36%
ICICI Prudential Manufacturing Fund29,4370.329.7129,4372024-12-290%
Motilal Oswal Nifty Microcap 250 Index Fund15,9490.615.2629,4372024-12-29-45.82%
ICICI Prudential S&P BSE 500 ETF1450.020.0529,4372024-12-29-99.51%
Groww Nifty Total Market Index Fund690.020.0229,4372024-12-29-99.77%
HDFC S&P BSE 500 Index Fund400.020.0129,4372024-12-29-99.86%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)130.1093.10137.40127.704.30
Diluted EPS (Rs.)130.1093.10137.40127.704.30
Cash EPS (Rs.)174.30135.13176.81167.8345.87
Book Value[Excl.RevalReserv]/Share (Rs.)744.65623.97539.63412.60320.17
Book Value[Incl.RevalReserv]/Share (Rs.)744.65623.97539.63412.60320.17
Dividend / Share (Rs.)15.008.006.0010.003.00
Revenue From Operations / Share (Rs.)3180.293151.953026.042207.981744.29
PBDIT / Share (Rs.)223.07167.26216.08150.0069.43
PBIT / Share (Rs.)178.91125.20176.68109.8327.84
PBT / Share (Rs.)175.32125.53175.54194.031.07
Net Profit / Share (Rs.)130.1393.07137.41127.654.28
PBDIT Margin (%)7.015.307.146.793.98
PBIT Margin (%)5.623.975.834.971.59
PBT Margin (%)5.513.985.808.780.06
Net Profit Margin (%)4.092.954.545.780.24
Return on Networth / Equity (%)17.4714.9125.4630.931.33
Return on Capital Employeed (%)22.7318.9930.8924.407.00
Return On Assets (%)7.786.139.7310.740.40
Long Term Debt / Equity (X)0.000.000.000.000.10
Total Debt / Equity (X)0.000.000.000.000.34
Asset Turnover Ratio (%)2.002.152.331.961.79
Current Ratio (X)1.591.471.371.271.17
Quick Ratio (X)1.040.870.830.780.64
Inventory Turnover Ratio (X)2.092.272.231.811.95
Dividend Payout Ratio (NP) (%)6.146.447.272.35116.90
Dividend Payout Ratio (CP) (%)4.584.435.651.7810.89
Earning Retention Ratio (%)93.8693.5692.7397.65-16.90
Cash Earning Retention Ratio (%)95.4295.5794.3598.2289.11
Interest Coverage Ratio (X)62.1852.0553.5417.283.60
Interest Coverage Ratio (Post Tax) (X)37.2728.8634.335.011.61
Enterprise Value (Cr.)13821.169498.3813225.938803.285267.82
EV / Net Operating Revenue (X)1.000.691.010.920.69
EV / EBITDA (X)14.3113.1214.1413.5617.53
MarketCap / Net Operating Revenue (X)1.050.721.020.930.64
Retention Ratios (%)93.8593.5592.7297.64-16.90
Price / BV (X)4.483.655.725.033.51
Price / Net Operating Revenue (X)1.050.721.020.930.64
EarningsYield0.030.040.040.060.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of BASF India Ltd as of December 31, 2024 is: 5,793.98

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.

As of December 31, 2024, BASF India Ltd is Undervalued by 4.40% compared to the current share price 5,550.00

Intrinsic Value of BASF India Ltd as of December 31, 2024 is: 10,670.70

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • 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.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 31, 2024, BASF India Ltd is Undervalued by 92.26% compared to the current share price 5,550.00

Last 5 Year EPS CAGR: 84.17%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (1,751.38 cr) compared to borrowings (700.77 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (6.85 cr) and profit (272.54 cr) over the years.
  1. The stock has a low average ROCE of 12.17%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 53.42, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 44.83, 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 BASF India Ltd:
    1. Net Profit Margin: 4.09%
      • 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: 22.73% (Industry Average ROCE: 16.28%)
      • 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%: 17.47% (Industry Average ROE: 12.32%)
      • 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): 37.27
      • 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: 1.04
      • 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: 37.5 (Industry average Stock P/E: 65.07)
      • 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
      • 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 - Qualitative Analysis

BASF India Ltd. is a Public Limited Listed company incorporated on 13/05/1943 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L33112MH1943FLC003972 and registration number is 003972. Currently Company is involved in the business activities of Manufacture of chemicals and chemical products. Company’s Total Operating Revenue is Rs. 13099.73 Cr. and Equity Capital is Rs. 43.29 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Chemicals - Organic - OthersThe Capital, �A� Wing, 1204-C 12th Floor, Plot No. C-70, Mumbai Maharashtra 400051investor-grievance-india@basf.com
http://www.basf.com/in
Management
NamePosition Held
Mr. Pradip P ShahChairman
Mr. Alexander GerdingManaging Director
Mr. Anil ChoudharyWhole Time Director
Dr. Ramkumar DhruvaDirector
Mrs. Shyamala GopinathDirector
Mr. Marcelo Rocha LuDirector
Mr. Bahram VakilDirector
Ms. Sonia SinghDirector
Mr. Narendranath J BaligaAlternate Director

FAQ

What is the latest intrinsic value of BASF India Ltd?

The latest intrinsic value of BASF India Ltd as on 31 December 2024 is ₹5793.98, which is 4.40% higher than the current market price of ₹5,550.00. The stock has a market capitalization of 24,022 Cr. and recorded a high/low of 8,750/2,868 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹3,465 Cr and total liabilities of ₹8,176 Cr.

What is the Market Cap of BASF India Ltd?

The Market Cap of BASF India Ltd is 24,022 Cr..

What is the current Stock Price of BASF India Ltd as on 31 December 2024?

The current stock price of BASF India Ltd as on 31 December 2024 is 5,550.

What is the High / Low of BASF India Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of BASF India Ltd stocks is 8,750/2,868.

What is the Stock P/E of BASF India Ltd?

The Stock P/E of BASF India Ltd is 37.5.

What is the Book Value of BASF India Ltd?

The Book Value of BASF India Ltd is 811.

What is the Dividend Yield of BASF India Ltd?

The Dividend Yield of BASF India Ltd is 0.27 %.

What is the ROCE of BASF India Ltd?

The ROCE of BASF India Ltd is 25.0 %.

What is the ROE of BASF India Ltd?

The ROE of BASF India Ltd is 19.0 %.

What is the Face Value of BASF India Ltd?

The Face Value of BASF India Ltd is 10.0.

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 BASF 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