BASF India Ltd
BASF India Ltd's portfolio consists of six segments: Agricultural Solutions, Materials, Industrial solutions, Surface Technologies, Nutrition & Care and Chemicals.[1]
It is a part of BASF group which have ~110,000 employees globally in almost every country in the world. It generated sales of ~59 billion euros in 2020.[2]
- Market Cap ₹ 15,924 Cr.
- Current Price ₹ 3,670
- High / Low ₹ 5,424 / 2,907
- Stock P/E 41.2
- Book Value ₹ 881
- Dividend Yield 0.54 %
- ROCE 18.0 %
- ROE 13.7 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
Cons
- Dividend payout has been low at 12.5% of profits 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 4,430 | 4,706 | 4,749 | 5,073 | 5,583 | 6,026 | 7,595 | 9,558 | 13,100 | 13,645 | 13,767 | 15,162 | 14,721 | |
| 4,146 | 4,572 | 4,642 | 4,802 | 5,238 | 5,861 | 7,316 | 8,926 | 12,188 | 12,958 | 12,878 | 14,415 | 14,114 | |
| Operating Profit | 284 | 133 | 107 | 271 | 346 | 165 | 279 | 633 | 911 | 687 | 890 | 747 | 608 |
| OPM % | 6% | 3% | 2% | 5% | 6% | 3% | 4% | 7% | 7% | 5% | 6% | 5% | 4% |
| -3 | 39 | 173 | 27 | 182 | 139 | -4 | 419 | 37 | 53 | 76 | 116 | 102 | |
| Interest | 16 | 96 | 148 | 142 | 113 | 85 | 83 | 38 | 17 | 14 | 16 | 16 | 21 |
| Depreciation | 71 | 142 | 163 | 169 | 153 | 147 | 181 | 174 | 171 | 182 | 191 | 178 | 147 |
| Profit before tax | 194 | -66 | -30 | -12 | 261 | 72 | 10 | 840 | 760 | 543 | 759 | 670 | 542 |
| Tax % | 34% | 2% | 0% | 13% | 6% | -14% | -131% | 34% | 22% | 26% | 26% | 25% | |
| 128 | -67 | -30 | -14 | 246 | 82 | 23 | 553 | 595 | 403 | 563 | 499 | 400 | |
| EPS in Rs | 29.54 | -15.46 | -7.02 | -3.26 | 56.95 | 18.88 | 5.28 | 127.67 | 137.42 | 93.08 | 130.15 | 115.33 | 92.51 |
| Dividend Payout % | 14% | -26% | -14% | -31% | 5% | 26% | 57% | 8% | 4% | 9% | 12% | 17% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 15% |
| 3 Years: | 5% |
| TTM: | -3% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 21% |
| 5 Years: | 58% |
| 3 Years: | -7% |
| TTM: | -36% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 12% |
| 3 Years: | 15% |
| 1 Year: | -19% |
| Return on Equity | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 18% |
| 3 Years: | 16% |
| Last Year: | 14% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 43 | 43 | 43 | 43 | 43 | 43 | 43 | 43 | 43 | 43 | 43 | 43 | 43 |
| Reserves | 1,207 | 1,119 | 1,073 | 1,059 | 1,301 | 1,370 | 1,201 | 1,743 | 2,293 | 2,658 | 3,180 | 3,614 | 3,771 |
| 1,067 | 1,600 | 1,349 | 1,275 | 868 | 912 | 822 | 286 | 122 | 106 | 156 | 157 | 144 | |
| 1,717 | 1,406 | 1,311 | 1,498 | 1,635 | 1,524 | 2,764 | 3,072 | 3,652 | 3,758 | 3,853 | 4,517 | 3,542 | |
| Total Liabilities | 4,034 | 4,168 | 3,777 | 3,875 | 3,846 | 3,849 | 4,830 | 5,144 | 6,110 | 6,565 | 7,233 | 8,330 | 7,500 |
| 526 | 1,351 | 1,289 | 1,222 | 1,117 | 957 | 965 | 817 | 763 | 793 | 759 | 694 | 682 | |
| CWIP | 792 | 74 | 55 | 33 | 27 | 42 | 23 | 53 | 100 | 19 | 61 | 84 | 120 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 213 | 213 |
| 2,716 | 2,743 | 2,433 | 2,619 | 2,702 | 2,850 | 3,842 | 4,274 | 5,247 | 5,753 | 6,413 | 7,339 | 6,485 | |
| Total Assets | 4,034 | 4,168 | 3,777 | 3,875 | 3,846 | 3,849 | 4,830 | 5,144 | 6,110 | 6,565 | 7,233 | 8,330 | 7,500 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 8 | -96 | 199 | 221 | 290 | -77 | 572 | 483 | 330 | 531 | 807 | 389 | |
| -597 | -163 | 199 | -66 | 158 | 177 | -21 | 182 | -120 | -199 | -450 | -111 | |
| 588 | 372 | -425 | -133 | -465 | -95 | -464 | -592 | -257 | -91 | -102 | -137 | |
| Net Cash Flow | -0 | 113 | -27 | 22 | -16 | 5 | 87 | 73 | -47 | 241 | 255 | 141 |
| Free Cash Flow | -593 | -268 | 195 | 143 | 251 | -148 | 516 | 417 | 206 | 468 | 708 | 221 |
| CFO/OP | 28% | -61% | 201% | 85% | 97% | -18% | 210% | 87% | 64% | 100% | 114% | 78% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 71 | 72 | 80 | 77 | 71 | 63 | 68 | 79 | 73 | 63 | 67 | 60 |
| Inventory Days | 136 | 106 | 85 | 93 | 94 | 99 | 93 | 73 | 66 | 71 | 68 | 80 |
| Days Payable | 138 | 98 | 117 | 120 | 117 | 103 | 133 | 126 | 112 | 108 | 114 | 118 |
| Cash Conversion Cycle | 69 | 80 | 49 | 50 | 48 | 59 | 28 | 25 | 26 | 26 | 21 | 23 |
| Working Capital Days | 49 | 43 | 43 | 36 | 28 | 32 | 10 | 26 | 34 | 37 | 44 | 40 |
| ROCE % | 12% | 0% | -2% | 5% | 9% | 1% | 6% | 23% | 34% | 20% | 25% | 18% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Number of Permanent Employees Count |
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| Waste Intensity (per MT of total production) MT |
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| Installed Solar Power Capacity (Dahej Site) kW |
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| Renewable Power PPA - Combined Solar and Wind MW |
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Documents
Announcements
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Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
7 Apr - On April 7, 2026, BASF India confirmed it is not a Large Corporate under SEBI debt rules.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
3 Apr - Certificate under Reg 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended 31st March, 2026
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Announcement under Regulation 30 (LODR)-Restructuring
30 Mar - Board approved closure of Mangalore Metal Complex Dyes line; FY24-25 revenue ~Rs15 crore (0.1%); closure in Q4 2026.
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Announcement under Regulation 30 (LODR)-Restructuring
30 Mar - BASF India selling 100% of BASF India Coatings to Carlyle entities for INR 230.16 crore; closing Q2 2026.
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Board Meeting Intimation for Board Meeting To Consider And Approve The Standalone And Consolidated Audited Financial Results For The Financial Year Ending 31St March 2026.
30 Mar - Board meeting on 19 May 2026 to consider FY2026 audited results and possible dividend.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from nse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
Concalls
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Nov 2025Transcript PPT
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May 2025Transcript PPT
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Nov 2024Transcript PPT
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Aug 2024TranscriptAI SummaryPPT
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May 2024Transcript PPT
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Nov 2023Transcript PPT
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May 2023Transcript PPT
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Nov 2022TranscriptAI SummaryPPT
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Jun 2022Transcript PPT
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Mar 2022TranscriptPPT
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Dec 2021Transcript PPT
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Mar 2021Transcript PPT
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Aug 2018Transcript PPT
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Sep 2017Transcript PPT
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Aug 2016TranscriptAI SummaryPPT
Materials Segment (~23% of revenues)[1]
The company's materials business segment includes the performance materials and monomers business.
a. The performance materials business consists of polyurethanes, engineering plastics and specialty plastics. It caters to the requirement of consumer, construction, industrial product applications and transportation industries.
b. The monomers business deals in basic raw materials for polyurethanes, inorganics & polyamiedes and its precursors. Its products caters to essential industries such as food & packaging, pharma and agro-chemicals.[2]