BASF India Ltd
BASF NSE
BASF India Ltd
CommoditiesNSE: BASF BSE: 500042 Chemicals & Petrochemicals
BASF India Ltd's portfolio consists of six segments: Agricultural Solutions, Materials, Industrial solutions, Surface Technologies, Nutrition & Care and Chemicals.[1] It is a part of BASF group which have ~110,000 employees globally in almost every country in the world. It generated sales of ~59 billion euros in 2020.[2]
AI Verdict: HOLD Confidence: 5%
BASF India trades at a PE of 35.7x with declining profitability (TTM profit growth -12%) and negative stock returns of -28% over the past year. While the debt-free balance sheet provides safety, weak sales growth of just 3% CAGR over 3 years and a falling ROE of 11% do not justify the premium valuation. The sole analyst covering the stock rates it a Hold.
Key Fundamentals
SmallcapSpecialty ChemicalsChemicalsMarket Cap
₹16,072 Cr
Volatility
Moderate
P/E Ratio
37.92
EBITDA
₹646 Cr
Return on Equity
17.47%
Debt to Equity
0.05
Book Value
₹914.27
EPS
₹129.85
52W High
₹5,260
52W Low
₹3,122.2
Technical Indicators
Key Insights
Strengths
2- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 18.3%
Weaknesses
1- The company has delivered a poor sales growth of 9.41% over past five years.
Growth Rate
Revenue Growth
-2.67% ↗
Net Income Growth
-15.50% ↗
Cash Flow Change
-53.83% ↘
ROE
-24.56% ↗
ROCE
-24.11% ↗
EBITDA Margin (Avg.)
-18.68% ↗
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 3d agoHOLD
Risk medium
BASF India trades at a PE of 35.7x with declining profitability (TTM profit growth -12%) and negative stock returns of -28% over the past year. While the debt-free balance sheet provides safety, weak sales growth of just 3% CAGR over 3 years and a falling ROE of 11% do not justify the premium valuation. The sole analyst covering the stock rates it a Hold.
Bull Case 7
- Company is virtually debt-free, providing strong balance sheet resilience and financial flexibility in a cyclical commodities business
- Long-term compounded profit growth of 15% over 10 years demonstrates the company's ability to deliver earnings growth through cycles
- 10-year stock CAGR of 13% shows sustained long-term wealth creation for patient investors
- 5-year ROE average of 16% indicates efficient capital utilization relative to specialty chemical peers
- 10-year compounded sales growth of 12% reflects a solid long-term demand trajectory for BASF India's product portfolio
- Consistent dividend payout ratio of 18.3% provides income visibility even during cyclical downturns
- Backed by BASF SE, a global chemicals giant, providing access to proprietary technology, R&D pipeline, and global best practices
Bear Case 8
- TTM profit growth of -12% signals meaningful near-term earnings deterioration amid weak demand conditions
- PE of 35.7x is expensive for a company delivering negative TTM sales growth of -1%, offering no margin of safety
- 1-year stock decline of -28% reflects significant negative momentum and market de-rating
- ROE has deteriorated from 5-year average of 16% to just 11% in the last year, indicating declining return profile
- Poor 5-year sales CAGR of 9% (per screener data) and 3-year CAGR of just 3% suggest structural demand challenges
- Only 1 analyst covers the stock with a Hold rating and zero Buy recommendations, reflecting limited institutional conviction
- Dividend yield of just 0.72% offers minimal income support relative to risk-free rates of ~7% in India
- Price-to-book of 3.79x is elevated for a commodities-oriented business with cyclical earnings
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 14h ago Neutral 2
- Agri-business demerger approved Jun 24
Shareholders approved demerger of agricultural solutions business into separate listed entity with 99.99% vote. Agri-business had INR 1944cr sales in FY25-26; 1:1 share entitlement ratio with completion expected in FY26-27.
- Trading window closed for Q1 Jun 22
Trading window closed July 1 to August 7, 2026 ahead of Q1FY27 results. Board meeting scheduled for August 4, 2026.
TL;DR: BASF India is in a corporate restructuring phase with the agri-business demerger progressing smoothly after near-unanimous shareholder approval. No operational headwinds or bullish catalysts are visible in the current news flow. The demerger completion in FY26-27 and upcoming Q1 results on August 4 are the next key events to watch for directional cues.
Quarterly Results
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,277 | 3,375 | 3,707 | 3,326 | 3,360 | 3,967 | 4,248 | 3,635 | 3,189 | 3,752 | 3,904 | 3,877 | 3,453 |
| Expenses | 3,143 | 3,177 | 3,473 | 3,114 | 3,114 | 3,654 | 4,047 | 3,465 | 3,126 | 3,530 | 3,750 | 3,707 | 3,341 |
| Operating Profit | 134 | 198 | 234 | 212 | 246 | 312 | 201 | 170 | 63 | 222 | 154 | 169 | 112 |
| OPM % | 4% | 6% | 6% | 6% | 7% | 8% | 5% | 5% | 2% | 6% | 4% | 4% | 3% |
| Other Income | 27 | 9 | 16 | 27 | 25 | 36 | 18 | 18 | 43 | 21 | 27 | 11 | 12 |
| Interest | 2 | 8 | 2 | 3 | 3 | 5 | 3 | 4 | 4 | 5 | 8 | 5 | 2 |
| Depreciation | 47 | 47 | 47 | 49 | 48 | 47 | 45 | 45 | 38 | 38 | 37 | 34 | 37 |
| PBT | 112 | 152 | 200 | 187 | 219 | 297 | 171 | 138 | 64 | 201 | 136 | 141 | 85 |
| Tax % | 27% | 26% | 26% | 25% | 26% | 26% | 25% | 25% | 27% | 27% | 25% | 26% | 25% |
| Net Profit | 82 | 113 | 149 | 140 | 162 | 221 | 128 | 104 | 47 | 147 | 101 | 105 | 64 |
| EPS in Rs | 19.03 | 26.03 | 34.45 | 32.36 | 37.31 | 50.96 | 29.56 | 23.93 | 10.88 | 34 | 23.34 | 24.29 | 14.69 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4,706 | 4,749 | 5,073 | 5,583 | 6,026 | 7,595 | 9,558 | 13,100 | 13,645 | 13,767 | 15,162 | 14,985 |
| Expenses | 4,572 | 4,642 | 4,802 | 5,238 | 5,861 | 7,316 | 8,926 | 12,188 | 12,958 | 12,878 | 14,415 | 14,329 |
| Operating Profit | 133 | 107 | 271 | 346 | 165 | 279 | 633 | 911 | 687 | 890 | 747 | 656 |
| OPM % | 3% | 2% | 5% | 6% | 3% | 4% | 7% | 7% | 5% | 6% | 5% | 4% |
| Other Income | 39 | 173 | 27 | 182 | 139 | -4 | 419 | 37 | 53 | 76 | 116 | 70 |
| Interest | 96 | 148 | 142 | 113 | 85 | 83 | 38 | 17 | 14 | 16 | 16 | 20 |
| Depreciation | 142 | 163 | 169 | 153 | 147 | 181 | 174 | 171 | 182 | 191 | 178 | 145 |
| PBT | -66 | -30 | -12 | 261 | 72 | 10 | 840 | 760 | 543 | 759 | 670 | 562 |
| Tax % | 2% | 0% | 13% | 6% | -14% | -131% | 34% | 22% | 26% | 26% | 25% | 26% |
| Net Profit | -67 | -30 | -14 | 246 | 82 | 23 | 553 | 595 | 403 | 563 | 499 | 417 |
| EPS in Rs | -15.46 | -7.02 | -3.26 | 56.95 | 18.88 | 5.28 | 128 | 137 | 93.08 | 130 | 115 | 96.32 |
| Div. Payout % | -26% | -14% | -31% | 5% | 26% | 57% | 8% | 4% | 9% | 12% | 17% | 26% |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 43 | 43 | 43 | 43 | 43 | 43 | 43 | 43 | 43 | 43 | 43 | 43 |
| Reserves | 1,119 | 1,073 | 1,059 | 1,301 | 1,370 | 1,201 | 1,743 | 2,293 | 2,658 | 3,180 | 3,614 | 3,934 |
| Borrowings | 1,600 | 1,349 | 1,275 | 868 | 912 | 822 | 286 | 122 | 106 | 156 | 157 | 132 |
| Other Liabilities | 1,406 | 1,311 | 1,498 | 1,635 | 1,524 | 2,764 | 3,072 | 3,652 | 3,758 | 3,853 | 4,517 | 4,072 |
| Total Liabilities | 4,168 | 3,777 | 3,875 | 3,846 | 3,849 | 4,830 | 5,144 | 6,110 | 6,565 | 7,233 | 8,330 | 8,181 |
| Fixed Assets | 1,351 | 1,289 | 1,222 | 1,117 | 957 | 965 | 817 | 763 | 793 | 759 | 694 | 725 |
| CWIP | 74 | 55 | 33 | 27 | 42 | 23 | 53 | 100 | 19 | 61 | 84 | 160 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 213 | 8 |
| Other Assets | 2,743 | 2,433 | 2,619 | 2,702 | 2,850 | 3,842 | 4,274 | 5,247 | 5,753 | 6,413 | 7,339 | 7,288 |
| Total Assets | 4,168 | 3,777 | 3,875 | 3,846 | 3,849 | 4,830 | 5,144 | 6,110 | 6,565 | 7,233 | 8,330 | 8,181 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -96 | 199 | 221 | 290 | -77 | 572 | 483 | 330 | 531 | 807 | 389 | -101 |
| Investing | -163 | 199 | -66 | 158 | 177 | -21 | 182 | -120 | -199 | -450 | -111 | 377 |
| Financing | 372 | -425 | -133 | -465 | -95 | -464 | -592 | -257 | -91 | -102 | -137 | -170 |
| Net Cash Flow | 113 | -27 | 22 | -16 | 5 | 87 | 73 | -47 | 241 | 255 | 141 | 106 |
| Free Cash Flow | -268 | 195 | 143 | 251 | -148 | 516 | 417 | 206 | 468 | 708 | 221 | -292 |
| CFO/OP | -61 | 201 | 85 | 97 | -18 | 210 | 87 | 64 | 100 | 114 | 78 | -5 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 72 | 80 | 77 | 71 | 63 | 68 | 79 | 73 | 63 | 67 | 60 | 67 |
| Inventory Days | 106 | 85 | 93 | 94 | 99 | 93 | 73 | 66 | 71 | 68 | 80 | 79 |
| Days Payable | 98 | 117 | 120 | 117 | 103 | 133 | 126 | 112 | 108 | 114 | 118 | 106 |
| Cash Conversion Cycle | 80 | 49 | 50 | 48 | 59 | 28 | 25 | 26 | 26 | 21 | 23 | 40 |
| Working Capital Days | 43 | 43 | 36 | 28 | 32 | 10 | 26 | 34 | 37 | 44 | 40 | 51 |
| ROCE % | 0% | -2% | 5% | 9% | 1% | 6% | 23% | 34% | 20% | 25% | 18% | 15% |
Documents
1
Clarification sought from BASF India Ltd
6 May - Exchange has sought clarification from BASF India Ltd on May 6, 2026, with reference to news appeared in https://www.thehindubusinessline.com dated May 5, 2026, quoting "BASF … 6 May - Exchange has sought clarification from BASF India Ltd on May 6, 2026, with reference to news appeared in https://www.thehindubusinessline.com dated May 5, 2026, quoting "BASF …
2
Clarification In Respect Of News Article
6 May - Clarifies Hyderabad global service and digital hubs belong to BASF subsidiaries, not BASF India. 6 May - Clarifies Hyderabad global service and digital hubs belong to BASF subsidiaries, not BASF India.
3
Announcement under Regulation 30 (LODR)-Newspaper Publication
17 Apr - IEPF newspaper publication in connection with transfer of unpaid/ unclaimed dividend and resultant shares for FY 2018-19 17 Apr - IEPF newspaper publication in connection with transfer of unpaid/ unclaimed dividend and resultant shares for FY 2018-19
4
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
7 Apr - On April 7, 2026, BASF India confirmed it is not a Large Corporate under SEBI debt rules. 7 Apr - On April 7, 2026, BASF India confirmed it is not a Large Corporate under SEBI debt rules.
5
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
3 Apr - Certificate under Reg 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended 31st March, 2026 3 Apr - Certificate under Reg 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended 31st March, 2026
Frequently Asked Questions about BASF India Ltd
What does BASF India Ltd do?
BASF India Ltd's portfolio consists of six segments: Agricultural Solutions, Materials, Industrial solutions, Surface Technologies, Nutrition & Care and Chemicals.[1]
It is a part of BASF group which have ~110,000 employees globally in almost every country in the world. It generated sales of ~59 ...
Where is BASF India Ltd (BASF) listed?
BASF India Ltd is listed on the Indian stock exchanges. It is listed on NSE: BASF and BSE: 500042. You can view its live share price, financials, and ratios on Tapetide.
Which sector does BASF India Ltd belong to?
BASF India Ltd operates in the Commodities sector within the Chemicals & Petrochemicals industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of BASF India Ltd?
BASF India Ltd has a market capitalisation of approximately ₹16072.39 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of BASF India Ltd?
The Price-to-Earnings (PE) ratio of BASF India Ltd is 37.92. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of BASF India Ltd?
Over the past 52 weeks, BASF India Ltd has traded between a low of ₹3,122.2 and a high of ₹5,260. This range helps investors understand the stock's price volatility and recent trading levels.
Does BASF India Ltd pay dividends?
Yes, BASF India Ltd has a dividend yield of 0.67%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of BASF India Ltd?
BASF India Ltd has a Return on Equity (ROE) of 17.47%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research BASF India Ltd on Tapetide?
On Tapetide, you can view BASF India Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
BASF India Ltd's portfolio consists of six segments: Agricultural Solutions, Materials, Industrial solutions, Surface Technologies, Nutrition & Care and Chemicals.[1] It is a part of BASF group which have ~110,000 employees globally in almost every country in the world. It generated sales of ~59 billion euros in 2020.[2]
Website basf.com/in/en.html
CEO Mr. Alexander Gerding
Employees 1,367
Listed 1995-05-17
Face Value ₹ 10
Issued Size 4,32,85,640