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]
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]
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Pidilite Inds. | 1475.90 | 66.93 | 150204.45 | 0.67 | 584.60 | 8.36 | 3554.44 | 9.88 | 29.84 | 13817.59 | 23.31 | 2244.67 | 579.23 | 15.78 | 16.22 | 0.05 |
| 2. | Gujarat Fluoroch | 3375.10 | 54.56 | 37075.50 | 0.09 | 179.00 | 47.93 | 1210.00 | 1.85 | 9.89 | 4864.00 | 26.89 | 680.00 | 179.00 | 4.86 | 5.51 | 0.23 |
| 3. | Navin Fluo.Intl. | 6136.70 | 70.80 | 31449.06 | 0.20 | 148.37 | 152.24 | 758.42 | 46.26 | 11.68 | 2790.96 | 27.91 | 444.09 | 148.37 | 8.74 | 6.27 | 0.33 |
| 4. | Deepak Nitrite | 1548.75 | 39.77 | 21123.86 | 0.48 | 118.75 | -38.87 | 1901.89 | -6.40 | 16.28 | 7874.86 | 11.16 | 531.41 | 118.71 | 3.82 | 9.86 | 0.23 |
| 5. | Atul | 5972.50 | 32.44 | 17584.08 | 0.42 | 182.37 | 31.01 | 1551.85 | 11.42 | 12.81 | 5898.32 | 16.11 | 542.25 | 179.24 | 2.99 | 7.48 | 0.03 |
| 6. | Vinati Organics | 1586.75 | 35.39 | 16449.14 | 0.47 | 129.02 | 21.59 | 546.27 | -1.27 | 20.61 | 2258.65 | 29.70 | 464.92 | 129.02 | 5.57 | 13.64 | 0.00 |
| 7. | BASF India | 3633.00 | 40.87 | 15725.68 | 0.54 | 101.05 | -21.02 | 3904.04 | -8.09 | 18.02 | 14603.55 | 4.17 | 384.69 | 101.05 | 4.14 | 6.07 | 0.04 |
| – | Median: 92 Co. | 282.65 | 26.95 | 834.34 | 0.34 | 7.21 | 2.98 | 134.38 | 5.61 | 15.16 | 512.22 | 13.09 | 26.07 | 7.24 | 2.69 | 7.88 | 0.11 |
Standalone figures in ₹ crores
| Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 3,888 | 3,582 | 2,898 | 3,277 | 3,375 | 3,707 | 3,326 | 3,360 | 3,967 | 4,248 | 3,759 | 3,189 | 3,752 | 3,904 |
Expenses | 3,577 | 3,394 | 2,843 | 3,143 | 3,177 | 3,473 | 3,114 | 3,114 | 3,654 | 4,047 | 3,588 | 3,126 | 3,530 | 3,750 |
Operating Profit | 311 | 188 | 55 | 134 | 198 | 234 | 212 | 246 | 312 | 201 | 170 | 63 | 222 | 154 |
Other Income | 3 | 10 | 12 | 27 | 9 | 16 | 27 | 25 | 36 | 18 | 19 | 43 | 21 | 27 |
Profit before tax | 264 | 149 | 18 | 112 | 152 | 200 | 187 | 219 | 297 | 171 | 138 | 64 | 201 | 136 |
Tax % | 26% | 24% | 41% | 27% | 26% | 26% | 25% | 26% | 26% | 25% | 25% | 27% | 27% | 25% |
Net Profit | 197 | 113 | 11 | 82 | 113 | 149 | 140 | 162 | 221 | 128 | 104 | 47 | 147 | 101 |
EPS in Rs | 45.45 | 26.13 | 2.46 | 19.03 | 26.03 | 34.45 | 32.36 | 37.31 | 50.96 | 29.56 | 23.93 | 10.88 | 34.00 | 23.34 |
Standalone Figures in ₹ Crores / Yearly
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 4,430 | 4,706 | 4,749 | 5,073 | 5,583 | 6,026 | 7,595 | 9,558 | 13,100 | 13,645 | 13,767 | 15,162 | 14,604 |
Expenses | 4,146 | 4,572 | 4,642 | 4,802 | 5,238 | 5,861 | 7,316 | 8,926 | 12,188 | 12,958 | 12,878 | 14,415 | 13,994 |
Operating Profit | 284 | 133 | 107 | 271 | 346 | 165 | 279 | 633 | 911 | 687 | 890 | 747 | 609 |
Other Income | -3 | 39 | 173 | 27 | 182 | 139 | -4 | 419 | 37 | 53 | 76 | 116 | 110 |
Interest | 16 | 96 | 148 | 142 | 113 | 85 | 83 | 38 | 17 | 14 | 16 | 16 | 20 |
Depreciation | 71 | 142 | 163 | 169 | 153 | 147 | 181 | 174 | 171 | 182 | 191 | 178 | 160 |
Profit before tax | 194 | -66 | -30 | -12 | 261 | 72 | 10 | 840 | 760 | 543 | 759 | 670 | 538 |
Net Profit | 128 | -67 | -30 | -14 | 246 | 82 | 23 | 553 | 595 | 403 | 563 | 499 | 399 |
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 | 92.15 |
Dividend Payout % | 14% | -26% | -14% | -31% | 5% | 26% | 57% | 8% | 4% | 9% | 12% | 17% | – |
Standalone figures in ₹ crores
| 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 |
Borrowings | 1,067 | 1,600 | 1,349 | 1,275 | 868 | 912 | 822 | 286 | 122 | 106 | 156 | 157 | 144 |
Other Liabilities | 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 |
Fixed Assets | 526 | 1,351 | 1,289 | 1,222 | 1,117 | 957 | 965 | 817 | 763 | 793 | 759 | 694 | 682 |
Gross Block | 1,114.54 | 2,032.02 | 1,450.39 | 1,551.53 | 1,617.31 | 1,507.68 | 1,625.94 | 1,660.50 | 1,755.18 | 1,908.95 | 2,053.76 | 2,031.24 | – |
Accumulated Depreciation | 588.46 | 680.93 | 161.52 | 329.14 | 499.96 | 550.70 | 661.02 | 843.40 | 992.22 | 1,116.06 | 1,295.02 | 1,337.24 | – |
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 |
Other Assets | 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 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | 8 | -96 | 199 | 221 | 290 | -77 | 572 | 483 | 330 | 531 | 807 | 389 |
Cash from Investing Activity | -597 | -163 | 199 | -66 | 158 | 177 | -21 | 182 | -120 | -199 | -450 | -111 |
Cash from Financing Activity | 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 |
Standalone Figures in ₹ Crores / Yearly
| 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% |
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Stock Analysis
BASF India Ltd is part of the global BASF group and operates across multiple segments including Agricultural Solutions, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Chemicals.
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