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Last Updated on: 30 May, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 500042 | NSE: BASF

Fundamental Analysis of BASF India Ltd

Basic Stock Data

Last Updated: April 17, 2024, 1:06 pm

Market Cap 15,989 Cr.
Current Price 3,693
High / Low3,854/2,282
Stock P/E33.8
Book Value 677
Dividend Yield0.22 %
ROCE20.1 %
ROE15.2 %
Face Value 10.0
PEG Ratio0.40

Competitors of BASF India Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Chemiesynth (Vapi) Ltd 10.5 Cr. 34.134.1/21.0 36.90.00 %0.96 %3.38 % 10.0
Fine Organic Industries Ltd 13,072 Cr. 4,2605,165/4,00529.3 5590.21 %65.3 %49.4 % 5.00
Oriental Aromatics Ltd 1,131 Cr. 336503/2936,654 1840.15 %5.06 %3.21 % 5.00
Ambani Organics Ltd 85.8 Cr. 122176/85.072.1 55.20.00 %7.61 %6.17 % 10.0
Alkyl Amines Chemicals Ltd 10,752 Cr. 2,1032,798/1,80567.6 2340.47 %27.9 %21.5 % 2.00
Industry Average5,010.26 Cr1,371.021,364.60213.820.17%21.37%16.73%6.40

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: May 11, 2024, 11:30 am

Quarterly Chart

BASF India Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales3,5163,9414,4304,7064,7495,0735,5836,0267,5959,55813,10013,64513,256
Expenses3,3063,6984,1464,5724,6424,8025,2385,8617,3168,92612,18812,95812,636
Operating Profit210242284133107271346165279633911687620
OPM %6%6%6%3%2%5%6%3%4%7%7%5%5%
Other Income54-33917327182139-4419375364
Interest14171696148142113858338171415
Depreciation526071142163169153147181174171182187
Profit before tax150169194-66-30-122617210840760543482
Tax %33%33%34%-2%0%-13%6%-14%-131%34%22%26%
Net Profit101114128-67-30-142468223553595403355
EPS in Rs23.3026.3629.54-15.46-7.02-3.2656.9518.885.28127.67137.4293.0881.97
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%

Growth

Compounded Sales Growth
10 Years:12%
5 Years:18%
3 Years:13%
TTM:1%
Compounded Profit Growth
10 Years:15%
5 Years:80%
3 Years:25%
TTM:47%
Stock Price CAGR
10 Years:19%
5 Years:26%
3 Years:23%
1 Year:78%
Return on Equity
10 Years:10%
5 Years:18%
3 Years:20%
Last Year:19%

Last Updated: April 17, 2024, 1:06 pm

BASF India Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital43434343434343434343434343
Reserves1,0051,0991,2071,1191,0731,0591,3011,3701,2011,7432,2932,6582,885
Borrowings1953701,0671,6001,3491,275868912822286122106123
Other Liabilities9501,2931,7171,4061,3111,4981,6351,5242,7643,0723,6523,7583,242
Total Liabilities2,1942,8064,0344,1683,7773,8753,8463,8494,8305,1446,1106,5656,294
Fixed Assets3934355261,3511,2891,2221,117957965817763793764
CWIP95319792745533274223531001931
Investments0000000000000
Other Assets1,7052,0512,7162,7432,4332,6192,7022,8503,8424,2745,2475,7535,498
Total Assets2,1942,8064,0344,1683,7773,8753,8463,8494,8305,1446,1106,5656,294

Reserves and Borrowings Chart

BASF India Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 1822338-96199221290-77572483330531
Cash from Investing Activity -178-383-597-163199-66158177-21182-120-199
Cash from Financing Activity 12132588372-425-133-465-95-464-592-257-91
Net Cash Flow15-18-0113-2722-1658773-47241

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow15.00-128.00283.00132.00106.00270.00-522.00-747.00-543.00347.00789.00581.00

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

BASF India Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days656371728077716368797363
Inventory Days1101191361068593949993736671
Days Payable9812513898117120117103133126112108
Cash Conversion Cycle775769804950485928252626
Working Capital Days685375947662406728283538
ROCE %14%13%12%0%-2%5%9%1%6%23%34%20%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 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%
FIIs1.97%2.22%1.88%2.34%2.71%2.78%2.83%2.93%3.02%3.18%3.81%4.12%
DIIs7.66%6.63%6.90%6.86%6.45%6.20%6.11%6.35%6.58%6.77%6.63%6.67%
Public17.03%17.82%17.89%17.46%17.50%17.69%17.72%17.37%17.07%16.72%16.21%15.87%
No. of Shareholders47,06252,51254,47354,32955,44754,52155,43054,68353,88352,11951,06848,219

Shareholding Pattern Chart

No. of Shareholders

BASF India Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Tata Hybrid Equity Fund - Regular Plan3500002.6788.34
Tata Large & Mid Cap Fund - Regular Plan2476281.1962.5
Tata Large & Mid Cap Fund - Regular Plan2476281.1962.5
ICICI Prudential Smallcap Fund167880.074.24

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)93.10137.40127.704.3018.90
Diluted EPS (Rs.)93.10137.40127.704.3018.90
Cash EPS (Rs.)135.13176.81167.8345.8752.85
Book Value[Excl.RevalReserv]/Share (Rs.)623.97539.63412.60320.17326.38
Book Value[Incl.RevalReserv]/Share (Rs.)623.97539.63412.60320.17326.38
Dividend / Share (Rs.)8.006.0010.003.005.00
Revenue From Operations / Share (Rs.)3151.953026.042207.981744.291391.93
PBDIT / Share (Rs.)167.26216.08150.0069.4341.12
PBIT / Share (Rs.)125.20176.68109.8327.847.14
PBT / Share (Rs.)125.53175.54194.031.0716.60
Net Profit / Share (Rs.)93.07137.41127.654.2818.88
PBDIT Margin (%)5.307.146.793.982.95
PBIT Margin (%)3.975.834.971.590.51
PBT Margin (%)3.985.808.780.061.19
Net Profit Margin (%)2.954.545.780.241.35
Return on Networth / Equity (%)14.9125.4630.931.335.78
Return on Capital Employeed (%)18.9930.8924.407.001.73
Return On Assets (%)6.139.7310.740.402.12
Long Term Debt / Equity (X)0.000.000.000.100.21
Total Debt / Equity (X)0.000.000.000.340.62
Asset Turnover Ratio (%)2.152.331.961.791.57
Current Ratio (X)1.471.371.271.171.26
Quick Ratio (X)0.870.830.780.640.67
Inventory Turnover Ratio (X)2.272.231.811.953.12
Dividend Payout Ratio (NP) (%)6.447.272.35116.9015.89
Dividend Payout Ratio (CP) (%)4.435.651.7810.895.67
Earning Retention Ratio (%)93.5692.7397.65-16.9084.11
Cash Earning Retention Ratio (%)95.5794.3598.2289.1194.33
Interest Coverage Ratio (X)52.0553.5417.283.602.09
Interest Coverage Ratio (Post Tax) (X)28.8634.335.011.610.47
Enterprise Value (Cr.)9498.3813225.938803.285267.827243.54
EV / Net Operating Revenue (X)0.691.010.920.691.20
EV / EBITDA (X)13.1214.1413.5617.5340.69
MarketCap / Net Operating Revenue (X)0.721.020.930.641.06
Retention Ratios (%)93.5592.7297.64-16.9084.10
Price / BV (X)3.655.725.033.514.52
Price / Net Operating Revenue (X)0.721.020.930.641.06
EarningsYield0.040.040.060.000.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: ₹3,485.81

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.

Overvalued: 5.61% compared to the current price ₹3693

Intrinsic Value: ₹6,419.77

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 73.84% compared to the current price ₹3693

Last 5 Year EPS CAGR: 84.17%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (1,539.46 cr) compared to borrowings (699.62 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 11.25%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 55.33, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 49.50, 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: 2.95%
      • 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: 18.99% (Industry Average ROCE: 19.21%)
      • 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%: 14.91% (Industry Average ROE: 16.22%)
      • 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): 28.86
      • 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: 0.87
      • 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: 33.8 (Industry average Stock P/E: 33.78)
      • 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: 0.00
      • 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

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
Mr. R A ShahDirector
Dr. Ramkumar DhruvaDirector
Mr. Arun BewoorDirector
Mrs. Shyamala GopinathDirector
Dr. Carola RichterDirector
Mr. Narendranath J BaligaAlternate Director

FAQ

What is the latest fair value of BASF India Ltd?

The latest fair value of BASF India Ltd is 3485.81.

What is the Market Cap of BASF India Ltd?

The Market Cap of BASF India Ltd is 15,989 Cr..

What is the current Stock Price of BASF India Ltd as on 17 April 2024?

The current stock price of BASF India Ltd as on 17 April 2024 is 3,693.

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

In FY 2024, the High / Low of BASF India Ltd stocks is ₹3,854/2,282.

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

The Stock P/E of BASF India Ltd is 33.8.

What is the Book Value of BASF India Ltd?

The Book Value of BASF India Ltd is 677.

What is the Dividend Yield of BASF India Ltd?

The Dividend Yield of BASF India Ltd is 0.22 %.

What is the ROCE of BASF India Ltd?

The ROCE of BASF India Ltd is 20.1 %.

What is the ROE of BASF India Ltd?

The ROE of BASF India Ltd is 15.2 %.

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