Basant Agro Tech (India) Ltd

Basant Agro Tech (India) Ltd

₹ 19.6 -0.56%
12 Dec 4:00 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 178 Cr.
  • Current Price 19.6
  • High / Low 28.9 / 17.5
  • Stock P/E 21.5
  • Book Value 19.5
  • Dividend Yield 0.25 %
  • ROCE 5.65 %
  • ROE 1.30 %
  • Face Value 1.00

Pros

  • Stock is trading at 1.02 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 7.66% over past five years.
  • Company has a low return on equity of 8.15% over last 3 years.
  • Dividend payout has been low at 6.40% of profits over last 3 years
  • Debtor days have increased from 45.6 to 57.6 days.
  • Working capital days have increased from 135 days to 193 days

* 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

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
76.87 79.38 142.10 201.28 115.66 100.56 131.76 151.85 80.63 72.97 99.30 165.08 84.12
71.90 72.02 132.59 191.19 108.85 92.35 120.95 144.26 79.17 69.33 87.23 156.77 78.29
Operating Profit 4.97 7.36 9.51 10.09 6.81 8.21 10.81 7.59 1.46 3.64 12.07 8.31 5.83
OPM % 6.47% 9.27% 6.69% 5.01% 5.89% 8.16% 8.20% 5.00% 1.81% 4.99% 12.16% 5.03% 6.93%
0.08 0.05 0.04 0.04 0.33 0.35 0.22 0.04 0.06 0.62 1.51 0.06 0.06
Interest 1.39 1.25 1.71 2.40 2.31 3.54 2.37 3.61 3.79 3.57 3.94 3.91 3.55
Depreciation 1.24 1.32 1.36 1.37 1.60 1.65 1.73 1.71 1.76 1.77 1.92 1.81 1.98
Profit before tax 2.42 4.84 6.48 6.36 3.23 3.37 6.93 2.31 -4.03 -1.08 7.72 2.65 0.36
Tax % 11.98% 19.42% -20.37% 8.96% 13.93% 22.26% 15.15% 12.99% -6.95% 0.00% 12.82% 13.58% 5.56%
2.13 3.90 7.80 5.79 2.78 2.62 5.88 2.00 -3.75 -1.08 6.74 2.29 0.34
EPS in Rs 0.24 0.43 0.86 0.64 0.31 0.29 0.65 0.22 -0.41 -0.12 0.74 0.25 0.04
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
291 314 316 317 301 268 283 290 329 466 565 409 421
264 287 288 295 280 246 263 270 311 436 529 384 392
Operating Profit 28 27 28 22 21 22 20 20 18 30 36 25 30
OPM % 9% 9% 9% 7% 7% 8% 7% 7% 6% 6% 6% 6% 7%
0 0 0 1 1 0 1 0 0 0 1 2 2
Interest 10 10 13 12 11 11 8 8 4 6 11 15 15
Depreciation 5 4 5 5 5 5 5 5 5 5 6 7 7
Profit before tax 13 14 10 6 6 7 7 7 9 19 20 5 10
Tax % 20% -22% 9% 9% 10% 10% 2% -7% 3% 2% 8% 20%
10 17 9 6 6 6 7 8 9 19 18 4 8
EPS in Rs 1.15 1.83 1.02 0.62 0.61 0.67 0.80 0.87 1.01 2.10 2.03 0.44 0.91
Dividend Payout % 7% 4% 5% 8% 8% 7% 6% 6% 6% 4% 4% 11%
Compounded Sales Growth
10 Years: 3%
5 Years: 8%
3 Years: 7%
TTM: -9%
Compounded Profit Growth
10 Years: -18%
5 Years: -20%
3 Years: -37%
TTM: 23%
Stock Price CAGR
10 Years: 10%
5 Years: 44%
3 Years: 17%
1 Year: -10%
Return on Equity
10 Years: 7%
5 Years: 8%
3 Years: 8%
Last Year: 1%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 9 9 9 9 9 9 9 9 9 9 9 9 9
Reserves 61 77 86 91 96 102 108 117 126 144 162 165 168
110 130 139 123 107 104 73 60 38 74 127 156 131
84 71 65 84 77 55 98 84 108 148 118 84 43
Total Liabilities 264 287 299 306 289 270 288 271 281 375 415 414 351
59 83 86 91 89 89 85 81 81 88 102 110 108
CWIP 12 6 5 0 2 0 0 1 1 11 12 1 1
Investments 0 0 0 0 0 0 0 0 0 1 1 1 2
193 198 208 215 198 181 203 188 199 275 300 302 240
Total Assets 264 287 299 306 289 270 288 271 281 375 415 414 351

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
14 13 13 33 33 13 14 14 14 -10 -20 -13
-18 -22 -7 -4 -4 -3 -1 -3 -5 -23 -20 -2
4 10 -6 -28 -28 -11 -14 -11 -9 33 40 14
Net Cash Flow -0 0 -0 -0 0 -1 -0 0 -0 0 0 -1

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 113 97 94 115 113 98 87 93 62 40 39 58
Inventory Days 143 149 166 143 134 172 206 151 171 204 170 228
Days Payable 98 71 66 87 82 56 113 77 90 86 57 47
Cash Conversion Cycle 157 174 194 171 165 214 180 166 143 157 153 238
Working Capital Days 141 148 164 152 147 173 139 132 95 97 116 193
ROCE % 14% 12% 10% 8% 8% 8% 8% 8% 8% 13% 11% 6%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
53.05% 53.05% 53.05% 53.05% 53.05% 53.05% 53.07% 53.07% 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%
46.93% 46.93% 46.93% 46.94% 46.93% 46.92% 46.91% 46.91% 46.90% 46.90% 46.91% 46.90%
No. of Shareholders 15,42447,95747,18344,91446,59248,01446,72048,02047,48148,52247,21445,955

* 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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