Basant Agro Tech (India) Ltd

Basant Agro Tech Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Basant Agro Tech (India) Ltd

₹ 17.4 -1.14%
06 Jun 3:32 p.m.
basantagro.com BSE: 524687
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 ₹ 157 Cr.
  • Current Price ₹ 17.4
  • High / Low ₹ 26.2 / 14.9
  • Stock P/E 8.59
  • Book Value ₹ 18.9
  • Dividend Yield 0.45 %
  • ROCE 11.7 %
  • ROE 11.3 %
  • Face Value ₹ 1.00
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Pros

  • Stock is trading at 0.94 times its book value
  • Company has delivered good profit growth of 24.6% CAGR over last 5 years

Cons

  • Tax rate seems low
  • Company has a low return on equity of 10.7% 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

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
67.46 117.67 67.06 55.76 82.48 149.81 76.87 79.38 142.10 201.28 115.66 100.56 131.76
61.89 111.54 64.15 52.47 76.53 141.31 71.90 72.02 132.59 191.19 108.85 92.35 120.95
Operating Profit 5.57 6.13 2.91 3.29 5.95 8.50 4.97 7.36 9.51 10.09 6.81 8.21 10.81
OPM % 8.26% 5.21% 4.34% 5.90% 7.21% 5.67% 6.47% 9.27% 6.69% 5.01% 5.89% 8.16% 8.20%
0.09 0.05 0.05 0.03 0.03 0.01 0.08 0.05 0.04 0.04 0.33 0.35 0.22
Interest 1.35 1.61 0.59 1.15 0.68 1.63 1.39 1.25 1.71 2.40 2.31 3.54 2.37
Depreciation 1.22 1.22 1.26 1.23 1.23 1.27 1.24 1.32 1.36 1.37 1.60 1.65 1.73
Profit before tax 3.09 3.35 1.11 0.94 4.07 5.61 2.42 4.84 6.48 6.36 3.23 3.37 6.93
Tax % -27.18% 6.27% 8.11% 12.77% -2.70% 8.02% 11.98% 19.42% -20.37% 8.96% 13.93% 22.26% 15.15%
Net Profit 3.93 3.13 1.02 0.82 4.19 5.16 2.13 3.90 7.80 5.79 2.78 2.62 5.88
EPS in Rs 0.43 0.35 0.11 0.09 0.46 0.57 0.24 0.43 0.86 0.64 0.31 0.29 0.65
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
276 291 314 316 317 301 268 283 290 329 466 549
253 264 287 288 295 280 246 263 270 311 436 513
Operating Profit 24 28 27 28 22 21 22 20 20 18 30 36
OPM % 9% 9% 9% 9% 7% 7% 8% 7% 7% 6% 6% 7%
1 0 0 0 1 1 0 1 0 0 0 1
Interest 8 10 10 13 12 11 11 8 8 4 6 11
Depreciation 4 5 4 5 5 5 5 5 5 5 5 6
Profit before tax 12 13 14 10 6 6 7 7 7 9 19 20
Tax % 35% 20% -22% 9% 9% 10% 10% 2% -7% 3% 2% 8%
Net Profit 8 10 17 9 6 6 6 7 8 9 19 18
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
Dividend Payout % 9% 7% 4% 5% 8% 8% 7% 6% 6% 6% 4% 0%
Compounded Sales Growth
10 Years: 7%
5 Years: 15%
3 Years: 24%
TTM: 18%
Compounded Profit Growth
10 Years: 6%
5 Years: 25%
3 Years: 33%
TTM: -3%
Stock Price CAGR
10 Years: 17%
5 Years: 23%
3 Years: 64%
1 Year: -25%
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
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
94 110 130 139 123 107 104 73 60 38 74 124
58 84 71 65 84 77 55 98 84 108 148 121
Total Liabilities 212 264 287 299 306 289 270 288 271 281 375 415
51 59 83 86 91 89 89 85 81 81 88 102
CWIP 7 12 6 5 0 2 0 0 1 1 11 12
Investments 0 0 0 0 0 0 0 0 0 0 1 1
154 193 198 208 215 198 181 203 188 199 275 300
Total Assets 212 264 287 299 306 289 270 288 271 281 375 415

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 41
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 151 157 174 194 171 165 214 180 166 143 157 154
Working Capital Days 125 141 148 164 152 147 173 139 132 95 97 119
ROCE % 15% 14% 12% 10% 8% 8% 8% 8% 8% 8% 13% 12%

Shareholding Pattern

Numbers in percentages

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
52.78 52.79 51.25 52.95 52.96 53.00 53.05 53.05 53.05 53.05 53.05 53.05
0.04 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02
47.19 47.19 48.73 47.03 47.02 46.98 46.93 46.93 46.93 46.94 46.93 46.92

* 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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