Basant Agro Tech (India) Ltd

₹ 20.2 -2.66%

31 Jan - close price

About

Basant Agro Tech (India) Limited is a manufacturer of various farm inputs in India comprising NPK mixture granulated fertilisers, phosphatic fertilisers as well as various hybrid seeds. ^[1]

Key Points

Products
The company mainly manufactures SSP which contains Phosphate, Sulphur, Calcium and other micronutrients and mixture of nitrogen, phosphorus and potassium (NPK) fertilisers and also processes hybrid and straight variety seeds. Their contributions to revenue are:
SSP Fertilisers: 46% in FY21 vs 31% in FY18
NPK Fertilisers: 18% in FY21 vs 18% in FY18
Seeds: 31% in FY21 vs vs 48% in FY18 ^[1] ^[2] ^[3]

Website BSE

Market Cap ₹ 183 Cr.
Current Price ₹ 20.2
High / Low ₹ 29.4 / 16.0
Stock P/E 9.62
Book Value ₹ 17.9
Dividend Yield 0.40 %
ROCE 12.7 %
ROE 13.2 %
Face Value ₹ 1.00

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Pros

Stock is trading at 1.13 times its book value
Company is expected to give good quarter
Company has delivered good profit growth of 28.0% CAGR over last 5 years
Debtor days have improved from 64.9 to 39.7 days.

Cons

Tax rate seems low
Company has a low return on equity of 9.08% over last 3 years.
Company might be capitalizing the interest cost

* 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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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
	49.37	67.46	117.67	67.06	55.76	82.48	149.81	76.87	79.38	142.10	201.28	115.66	100.56
	46.08	61.89	111.54	64.15	52.47	76.53	141.31	71.90	72.02	132.59	191.19	108.85	92.35
Operating Profit	3.29	5.57	6.13	2.91	3.29	5.95	8.50	4.97	7.36	9.51	10.09	6.81	8.21
OPM %	6.66%	8.26%	5.21%	4.34%	5.90%	7.21%	5.67%	6.47%	9.27%	6.69%	5.01%	5.89%	8.16%
	0.24	0.09	0.05	0.05	0.03	0.03	0.01	0.08	0.05	0.04	0.04	0.33	0.35
Interest	1.95	1.35	1.61	0.59	1.15	0.68	1.63	1.39	1.25	1.71	2.40	2.31	3.54
Depreciation	1.22	1.22	1.22	1.26	1.23	1.23	1.27	1.24	1.32	1.36	1.37	1.60	1.65
Profit before tax	0.36	3.09	3.35	1.11	0.94	4.07	5.61	2.42	4.84	6.48	6.36	3.23	3.37
Tax %	16.67%	-27.18%	6.27%	8.11%	12.77%	-2.70%	8.02%	11.98%	19.42%	-20.37%	8.96%	13.93%	22.26%
Net Profit	0.30	3.93	3.13	1.02	0.82	4.19	5.16	2.13	3.90	7.80	5.79	2.78	2.62
EPS in Rs	0.03	0.43	0.35	0.11	0.09	0.46	0.57	0.24	0.43	0.86	0.64	0.31	0.29
Raw PDF

Profit & Loss

Figures in Rs. Crores

	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
	169	276	291	314	316	317	301	268	283	290	329	466	560
	153	253	264	287	288	295	280	246	263	270	311	436	525
Operating Profit	16	24	28	27	28	22	21	22	20	20	18	30	35
OPM %	10%	9%	9%	9%	9%	7%	7%	8%	7%	7%	6%	6%	6%
	0	1	0	0	0	1	1	0	1	0	0	0	1
Interest	6	8	10	10	13	12	11	11	8	8	4	6	10
Depreciation	3	4	5	4	5	5	5	5	5	5	5	5	6
Profit before tax	7	12	13	14	10	6	6	7	7	7	9	19	19
Tax %	17%	35%	20%	-22%	9%	9%	10%	10%	2%	-7%	3%	2%
Net Profit	6	8	10	17	9	6	6	6	7	8	9	19	19
EPS in Rs	0.71	0.85	1.15	1.83	1.02	0.62	0.61	0.67	0.80	0.87	1.01	2.10	2.10
Dividend Payout %	10%	9%	7%	4%	5%	8%	8%	7%	6%	6%	6%	4%

Compounded Sales Growth
10 Years:	5%
5 Years:	9%
3 Years:	18%
TTM:	44%

Compounded Profit Growth
10 Years:	9%
5 Years:	28%
3 Years:	40%
TTM:	23%

Stock Price CAGR
10 Years:	16%
5 Years:	22%
3 Years:	76%
1 Year:	1%

Return on Equity
10 Years:	9%
5 Years:	8%
3 Years:	9%
Last Year:	13%

Balance Sheet

Figures in Rs. Crores

	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Sep 2022
	8	9	9	9	9	9	9	9	9	9	9	9	9
Reserves	40	51	61	77	86	91	96	102	108	117	126	144	153
	64	94	110	130	139	123	107	104	73	60	38	74	120
	37	58	84	71	65	84	77	55	98	84	108	148	73
Total Liabilities	149	212	264	287	299	306	289	270	288	271	281	375	355
	41	51	59	83	86	91	89	89	85	81	81	88	93
CWIP	5	7	12	6	5	0	2	0	0	1	1	11	12
Investments	0	0	0	0	0	0	0	0	0	0	0	1	1
	103	154	193	198	208	215	198	181	203	188	199	275	249
Total Assets	149	212	264	287	299	306	289	270	288	271	281	375	355

Cash Flows

Figures in Rs. Crores

	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
	-7	-8	14	13	13	33	33	13	14	14	14	-10
	-10	-17	-18	-22	-7	-4	-4	-3	-1	-3	-5	-23
	16	25	4	10	-6	-28	-28	-11	-14	-11	-9	33
Net Cash Flow	-1	0	-0	0	-0	-0	0	-1	-0	0	-0	0

Ratios

Figures in Rs. Crores

	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Debtor Days	80	85	113	97	94	115	113	98	87	93	62	40
Inventory Days	159	135	143	149	166	143	134	172	206	151	171	204
Days Payable	71	68	98	71	66	87	82	56	113	77	90	86
Cash Conversion Cycle	167	151	157	174	194	171	165	214	180	166	143	157
Working Capital Days	139	125	141	148	164	152	147	173	139	132	95	97
ROCE %	14%	15%	14%	12%	10%	8%	8%	8%	8%	8%	8%	13%

Shareholding Pattern

Numbers in percentages

Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
52.77	52.78	52.79	51.25	52.95	52.96	53.00	53.05	53.05	53.05	53.05	53.05
0.04	0.04	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02
47.19	47.19	47.19	48.73	47.03	47.02	46.98	46.93	46.93	46.93	46.94	46.93

* 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.

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Basant Agro Tech (India) Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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Announcements

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