Basant Agro Tech (India) Ltd

About [ edit ]

Basant Agro Tech (India) is engaged in one of the Indias leading manufacturers of various farm inputs in India comprising of NPK mixture granulated fertilizers, phosphatic fertilizer as well as various hybrid seeds.

  • Market Cap 65.0 Cr.
  • Current Price 7.17
  • High / Low 8.75 / 2.72
  • Stock P/E 7.30
  • Book Value 14.4
  • Dividend Yield 0.70 %
  • ROCE 7.95 %
  • ROE 6.45 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Stock is trading at 0.50 times its book value
  • Promoter holding has increased by 1.70% over last quarter.

Cons

  • The company has delivered a poor sales growth of -1.70% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 6.09% for last 3 years.
  • Company's cost of borrowing seems high

Peer comparison

Sector: Fertilizers Industry: Fertilizers

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Quarterly Results

Figures in Rs. Crores

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
69.08 105.28 60.21 47.14 66.56 106.48 62.49 49.37 67.46 117.67 67.06 55.76
62.64 98.31 56.18 43.68 60.99 99.82 58.62 46.08 61.89 111.54 64.15 52.47
Operating Profit 6.44 6.97 4.03 3.46 5.57 6.66 3.87 3.29 5.57 6.13 2.91 3.29
OPM % 9.32% 6.62% 6.69% 7.34% 8.37% 6.25% 6.19% 6.66% 8.26% 5.21% 4.34% 5.90%
Other Income 0.33 0.04 0.12 0.10 0.31 0.04 0.06 0.24 0.09 0.05 0.05 0.03
Interest 2.26 2.85 2.16 2.00 1.41 2.45 1.90 1.95 1.35 1.61 0.59 1.15
Depreciation 1.15 1.21 1.19 1.22 1.24 1.24 1.15 1.22 1.22 1.22 1.26 1.23
Profit before tax 3.36 2.95 0.80 0.34 3.23 3.01 0.88 0.36 3.09 3.35 1.11 0.94
Tax % 11.61% 6.10% 15.00% 14.71% -7.12% 6.64% 9.09% 16.67% -27.18% 6.27% 8.11% 12.77%
Net Profit 2.97 2.78 0.67 0.29 3.47 2.81 0.80 0.30 3.93 3.13 1.02 0.82
EPS in Rs 0.33 0.31 0.07 0.03 0.38 0.31 0.09 0.03 0.43 0.35 0.11 0.09

Profit & Loss

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
129 128 169 276 291 314 316 317 301 268 283 290 308
117 114 153 253 264 287 288 295 280 246 263 270 290
Operating Profit 12 14 16 24 28 27 28 22 21 22 20 20 18
OPM % 9% 11% 10% 9% 9% 9% 9% 7% 7% 8% 7% 7% 6%
Other Income 0 1 0 1 0 0 0 1 1 0 1 0 0
Interest 4 5 6 8 10 10 13 12 11 11 8 8 5
Depreciation 2 3 3 4 5 4 5 5 5 5 5 5 5
Profit before tax 6 7 7 12 13 14 10 6 6 7 7 7 8
Tax % 14% 15% 17% 35% 20% -22% 9% 9% 10% 10% 2% -7%
Net Profit 5 6 6 8 10 17 9 6 6 6 7 8 9
EPS in Rs 0.65 0.66 0.71 0.85 1.15 1.83 1.02 0.62 0.61 0.67 0.80 0.87 0.98
Dividend Payout % 12% 9% 10% 9% 7% 4% 5% 8% 8% 7% 6% 6%
Compounded Sales Growth
10 Years:8%
5 Years:-2%
3 Years:-1%
TTM:8%
Compounded Profit Growth
10 Years:3%
5 Years:-3%
3 Years:12%
TTM:21%
Stock Price CAGR
10 Years:5%
5 Years:1%
3 Years:3%
1 Year:136%
Return on Equity
10 Years:9%
5 Years:6%
3 Years:6%
Last Year:6%

Balance Sheet

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
8 8 8 9 9 9 9 9 9 9 9 9 9
Reserves 30 35 40 51 61 77 86 91 96 102 108 117 121
Borrowings 38 42 64 94 110 130 139 123 107 104 73 60 41
18 31 37 58 84 71 65 84 77 55 98 84 83
Total Liabilities 94 116 149 212 264 287 299 306 289 270 288 271 254
36 35 41 51 59 83 86 91 89 89 85 81 79
CWIP 1 3 5 7 12 6 5 0 2 0 0 1 3
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
57 77 103 154 193 198 208 215 198 181 203 188 172
Total Assets 94 116 149 212 264 287 299 306 289 270 288 271 254

Cash Flows

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
2 8 -7 -8 14 13 13 33 33 13 14 14
-12 -5 -10 -17 -18 -22 -7 -4 -4 -3 -1 -3
7 -1 16 25 4 10 -6 -28 -28 -11 -14 -11
Net Cash Flow -3 2 -1 0 -0 0 -0 -0 0 -1 -0 0

Ratios

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 14% 14% 14% 15% 14% 12% 10% 8% 8% 8% 8% 8%
Debtor Days 58 72 80 85 113 97 94 115 113 98 87 93
Inventory Turnover 3.64 2.89 2.71 3.23 2.74 2.65 2.34 2.51 2.58 2.26 2.05 2.15

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
52.57 52.63 52.64 51.16 52.65 52.70 52.73 52.77 52.78 52.79 51.25 52.95
0.03 0.03 0.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.04 0.04 0.03 0.04 0.04 0.04 0.04 0.04 0.04 0.02 0.02 0.02
47.36 47.30 47.30 48.80 47.31 47.27 47.23 47.19 47.19 47.19 48.73 47.03

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