Basant Agro Tech (India) Ltd

Basant Agro Tech (India) Ltd

₹ 20.1 2.66%
16 Apr 4:01 p.m.
About

Incorporated in 1990, Basant Agro-tech Ltd manufacturers wide range of agricultural inputs[1]

Key Points

Business Overview:[1][2]
BATL is a part of Bhartia Group of Akola. They produe OP & hybrid variety of seeds, SSP fertilizers, agriculture plastics, organic products, chemicals. Company has also diversified into Warehousing, Cold Storage and LABSA manufacturing. It has business segments as:
a) Research, development, bio-technology, processing, marketing of hybrid seeds & BT seeds of field and vegetable crops
b) Manufacturing of NPK Granulated fertilizer, SSP fertilizer
c) Trading of Chemical fertilizers /Bio fertilizers and seeds

  • Market Cap 182 Cr.
  • Current Price 20.1
  • High / Low 28.9 / 15.2
  • Stock P/E 59.7
  • Book Value 18.7
  • Dividend Yield 0.40 %
  • ROCE 11.4 %
  • ROE 11.0 %
  • Face Value 1.00

Pros

  • Stock is trading at 1.08 times its book value

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 10.5% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Fertilizers Industry: Fertilizers

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
55.76 82.48 149.81 76.87 79.38 142.10 201.28 115.66 100.56 131.76 151.85 80.63 72.97
52.47 76.53 141.31 71.90 72.02 132.59 191.19 108.85 92.35 120.95 144.26 79.17 69.33
Operating Profit 3.29 5.95 8.50 4.97 7.36 9.51 10.09 6.81 8.21 10.81 7.59 1.46 3.64
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%
0.03 0.03 0.01 0.08 0.05 0.04 0.04 0.33 0.35 0.22 0.04 0.06 0.62
Interest 1.15 0.68 1.63 1.39 1.25 1.71 2.40 2.31 3.54 2.37 3.61 3.79 3.57
Depreciation 1.23 1.23 1.27 1.24 1.32 1.36 1.37 1.60 1.65 1.73 1.71 1.76 1.77
Profit before tax 0.94 4.07 5.61 2.42 4.84 6.48 6.36 3.23 3.37 6.93 2.31 -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%
0.82 4.19 5.16 2.13 3.90 7.80 5.79 2.78 2.62 5.88 2.00 -3.75 -1.08
EPS in Rs 0.09 0.46 0.57 0.24 0.43 0.86 0.64 0.31 0.29 0.65 0.22 -0.41 -0.12
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
276 291 314 316 317 301 268 283 290 329 466 565 437
253 264 287 288 295 280 246 263 270 311 436 529 414
Operating Profit 24 28 27 28 22 21 22 20 20 18 30 36 24
OPM % 9% 9% 9% 9% 7% 7% 8% 7% 7% 6% 6% 6% 5%
1 0 0 0 1 1 0 1 0 0 0 1 1
Interest 8 10 10 13 12 11 11 8 8 4 6 11 13
Depreciation 4 5 4 5 5 5 5 5 5 5 5 6 7
Profit before tax 12 13 14 10 6 6 7 7 7 9 19 20 4
Tax % 35% 20% -22% 9% 9% 10% 10% 2% -7% 3% 2% 8%
8 10 17 9 6 6 6 7 8 9 19 18 3
EPS in Rs 0.85 1.15 1.83 1.02 0.62 0.61 0.67 0.80 0.87 1.01 2.10 2.03 0.34
Dividend Payout % 9% 7% 4% 5% 8% 8% 7% 6% 6% 6% 4% 4%
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: 12%
Return on Equity
10 Years: 9%
5 Years: 9%
3 Years: 11%
Last Year: 11%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 9 9 9 9 9 9 9 9 9 9 9 9 9
Reserves 51 61 77 86 91 96 102 108 117 126 144 162 160
94 110 130 139 123 107 104 73 60 38 74 127 149
58 84 71 65 84 77 55 98 84 108 148 118 93
Total Liabilities 212 264 287 299 306 289 270 288 271 281 375 415 411
51 59 83 86 91 89 89 85 81 81 88 102 102
CWIP 7 12 6 5 -0 2 -0 -0 1 1 11 12 11
Investments -0 -0 -0 -0 -0 -0 -0 0 0 0 1 1 1
154 193 198 208 215 198 181 203 188 199 275 300 297
Total Assets 212 264 287 299 306 289 270 288 271 281 375 415 411

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-8 14 13 13 33 33 13 14 14 14 -10 -20
-17 -18 -22 -7 -4 -4 -3 -1 -3 -5 -23 -20
25 4 10 -6 -28 -28 -11 -14 -11 -9 33 40
Net Cash Flow 0 -0 0 -0 -0 0 -1 -0 0 -0 0 0

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 85 113 97 94 115 113 98 87 93 62 40 39
Inventory Days 135 143 149 166 143 134 172 206 151 171 204 170
Days Payable 68 98 71 66 87 82 56 113 77 90 86 57
Cash Conversion Cycle 151 157 174 194 171 165 214 180 166 143 157 153
Working Capital Days 125 141 148 164 152 147 173 139 132 95 97 116
ROCE % 15% 14% 12% 10% 8% 8% 8% 8% 8% 8% 13% 11%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
52.96% 53.00% 53.05% 53.05% 53.05% 53.05% 53.05% 53.05% 53.07% 53.07% 53.07% 53.07%
0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02%
47.02% 46.98% 46.93% 46.93% 46.93% 46.94% 46.93% 46.92% 46.91% 46.91% 46.90% 46.90%
No. of Shareholders 12,47713,89815,42447,95747,18344,91446,59248,01446,72048,02047,48148,522

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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