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]

  • 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

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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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.

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

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