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BASF India

BASF NSE
₹2,958.60 −179.40 (−5.72%)
P/E
20.27
View as Markdown
MCP
Close 4 Nov 2026 ₹2,958.60 −1,436.80 −32.7% 1Y
Start ₹4,395.40

Key Fundamentals

MicrocapChemicals & PetrochemicalsChemicals

Price-based figures as of · EPS basis: Standalone · TTM

ROCE
14.50%
Debt to Equity
0.03
EPS (TTM)
₹145.96
Book Value
₹914.27
Market Cap
—
P/E (TTM)
20.27
P/B
3.24
ROE
10.70%
Dividend Yield
0.80%
EBITDA
₹726 Cr
52W High
₹4,560.00
52W Low
₹2,936.80
Day Range
₹2,936.80 – ₹3,212.00
Volume
2,95,688

Peer Comparison

Commodities › Chemicals › Specialty Chemicals

BASF peer comparison
Pidilite Industries
₹1,510.2058.04₹1,54,107 Cr13.721.42%23.90%31.00%₹15,399 Cr₹2,677 Cr
Gujarat Fluorochemicals
₹4,613.3083.76₹49,073 Cr6.040.07%7.82%9.64%₹5,303 Cr₹600 Cr
Navin Fluorine International
₹8,785.0057.03₹44,060 Cr10.100.09%19.60%21.00%₹3,634 Cr₹789 Cr
Deepak Nitrite
₹1,578.4027.48₹20,919 Cr3.320.49%9.82%11.40%₹8,575 Cr₹784 Cr
Aether Industries
₹1,540.7086.90₹20,030 Cr7.880.00%9.66%11.90%₹1,231 Cr₹235 Cr
Aarti Industries
₹447.5530.57₹15,838 Cr2.590.23%7.13%6.86%₹9,010 Cr₹531 Cr
Atul
₹5,156.5019.67₹14,827 Cr2.310.59%11.50%14.90%₹6,969 Cr₹788 Cr
BASF (this company)
₹2,958.6020.27₹13,855 Cr3.240.80%10.70%14.50%₹16,071 Cr₹632 Cr
Median 8 companies₹2,268.5043.80₹20,474 Cr4.680.36%10.26%13.20%₹7,772 Cr₹708 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

45 Average

Data confidence 100/100

Category scores

Quality
45
Weak
Returns, margins, earnings quality 22% weight
Valuation
54
Average
Cheap vs sector & own history 24% weight
Growth
34
Poor
Sales & profit trajectory 9% weight
Financial Health
72
Strong
Solvency, leverage, coverage 9% weight
Momentum
14
Poor
Trend strength, vol-adjusted 12% weight
Ownership
39
Weak
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

2
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 18.3%

Weaknesses

2
  • The company has delivered a poor sales growth of 9.41% over past five years.
  • Company has a low return on equity of 13.9% over last 3 years.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1243
OscillatorsBullish243
Moving AveragesStrong Bearish1000

Key readings

RSI (14)
30.09
Neutral
MACD (12,26,9)
−127.10
Bearish
SMA (50)
3,491.98
Bearish
SMA (200)
3,590.20
Bearish

As of

Analyst Rating

Based on 1 analysts
HOLD100%

0 of 1 analyst rates Buy, 1 Hold, 0 Sell.

As of

BUY
0
0%
HOLD
1
100%
SELL
0
0%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+12.18%
5Y+9.41%
3Y+3.17%
1Y+1.17%
TTM+8.41%

Net profit

Net profit growth by window
10YTurned to profit
5Y−5.49%
3Y+1.14%
1Y−16.43%
TTM+48.36%

Operating cash flow

Operating cash flow growth by window
10YTurned negative
5YTurned negative
3YTurned negative
1YTurned negative
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+2.13 pp
5Y−2.24 pp
3Y−0.65 pp
1Y−0.63 pp
TTM+1.42 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹5,073 Cr
Mar 2018₹5,583 Cr
Mar 2019₹6,026 Cr
Mar 2020₹7,595 Cr
Mar 2021₹9,558 Cr
Mar 2022₹13,100 Cr
Mar 2023₹13,645 Cr
Mar 2024₹13,767 Cr
Mar 2025₹14,811 Cr
Mar 2026₹14,985 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017−₹14.00 Cr
Mar 2018₹246 Cr
Mar 2019₹82.00 Cr
Mar 2020₹23.00 Cr
Mar 2021₹553 Cr
Mar 2022₹595 Cr
Mar 2023₹403 Cr
Mar 2024₹563 Cr
Mar 2025₹499 Cr
Mar 2026₹417 Cr

Analyst Forecasts

Forecast For
Sep 26 consensus · EBITDA
₹297 Cr −44.4% vs Jun 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 4 Nov 2026
AI opinion · based on fundamentals
Risk medium

BASF India Ltd trades at ₹2,958.6 as of 2026-11-04 with a market cap of ₹13,855.3 crore and a PE of 20.27x. The company is virtually debt-free with a debt-to-equity ratio of 0.03, and TTM profit growth of 50% marks a sharp rebound, though the stock has declined 27% over the past year and sits near its 52-week low of ₹2,936.8.

Bull Case 8
  • The company is almost debt-free with a debt-to-equity ratio of just 0.03, providing significant financial flexibility and resilience through commodity cycles.
  • TTM profit growth stands at 50%, indicating a strong earnings recovery and margin expansion in the most recent period.
  • 10-year compounded profit growth of 15% demonstrates a solid long-term earnings trajectory across multiple business cycles.
  • 10-year compounded sales growth of 12% reflects consistent top-line expansion over the long term, outpacing the more recent 3-year sales CAGR of 3%.
  • 5-year average ROE of 16% indicates the company has historically generated healthy returns on shareholder capital despite recent moderation.
  • ROCE of 13.95% as of 2026-11-04 suggests reasonable capital efficiency, particularly given the near-zero leverage on the balance sheet.
  • The stock trades at ₹2,958.6, just marginally above its 52-week low of ₹2,936.8, and roughly 35% below its 52-week high of ₹4,560, which may reflect significant pessimism already priced in.
  • The company has maintained a healthy dividend payout ratio of 18.3%, offering a current dividend yield of 0.8% alongside its debt-free balance sheet.
Bear Case 8
  • The stock has delivered a negative 1-year return of -27%, significantly underperforming broader markets and signalling persistent selling pressure.
  • 3-year compounded sales growth of only 3% points to a meaningful slowdown in revenue momentum in the medium term.
  • 5-year compounded sales growth of 9% has been characterised as poor, and the recent deceleration to 3% over three years suggests structural demand headwinds.
  • 3-year average ROE of 14% and last year's ROE of 11% show a declining trend from the 5-year average of 16%, indicating deteriorating return generation.
  • Current ROE of 10.52% as of 2026-11-04 has fallen further below the 3-year average of 14%, suggesting continued pressure on profitability metrics.
  • 5-year stock CAGR of -1% means the stock has destroyed value for shareholders over a half-decade holding period, despite 7% compounded profit growth in the same period.
  • The price-to-book ratio of 3.24x is elevated relative to the current ROE of 10.52%, suggesting the market is paying a premium that current return ratios may not fully justify.
  • 3-year compounded profit growth of only 2% contrasts sharply with the TTM spike of 50%, raising questions about whether the recent earnings surge is sustainable or one-off in nature.

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

9h ago

TL;DR: BASF India is growing its top line strongly with Q2 revenue up 24% YoY, but profitability is under significant pressure as EBITDA margins halved to 1.9% and net profit fell 38%. ESG credentials are improving steadily. The key risk is whether margin compression persists; investors should watch for signs of cost normalization or pricing power recovery in upcoming quarters.

Headwinds 1
  • Profit drops 38% YoY in Q2 Nov 4

    Net profit fell to ₹617 million from ₹1 billion YoY. EBITDA declined to ₹914 million from ₹1.54 billion, with margin contracting sharply from 3.9% to 1.9%.

Positives 2
  • ESG rating improves to 74 Oct 16

    BASF India scored 74 for FY26, up from 72 in FY25, placing it in the Leader category for ESG performance.

  • Revenue jumps 24% YoY in Q2 Nov 4

    Q2 revenue rose to ₹48 billion from ₹38.6 billion YoY, indicating strong top-line demand across segments.

Quarterly Results

₹ Cr
BASF quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
3,375
3,707
3,326
3,360
3,967
4,248
3,635
3,189
3,752
3,904
3,877
3,453
4,837
Expenses
3,177
3,473
3,114
3,114
3,654
4,047
3,465
3,126
3,530
3,750
3,707
3,341
4,333
Operating Profit
198
234
212
246
312
201
170
63
222
154
169
112
505
OPM %
6%
6%
6%
7%
8%
4.7%
4.7%
2%
6%
3.9%
4.4%
3.2%
10%
Other Income
9
16
27
25
36
18
19.12
43
21
27
11
12
41
Interest
8
2
3
3
5
3
4
4
5
8
5
2
5
Depreciation
47
47
49
48
47
45
47.61
38
38
37
34
37
41
PBT
152
200
187
219
297
171
138
64
201
136
141
85
499
Tax %
26%
26%
25%
26%
26%
25%
25%
27%
27%
25%
26%
25%
27%
Net Profit
113
149
140
162
221
128
104
47
147
101
105
64
362
EPS (₹)
26.03
34.45
32.36
37.31
50.96
29.56
23.93
10.88
34
23.34
24.29
14.69
83.64

Profit & Loss

₹ Cr
BASF profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
4,706
4,749
5,073
5,583
6,026
7,595
9,558
13,100
13,645
13,767
14,811
14,985
16,071
Expenses
4,572
4,642
4,802
5,238
5,861
7,316
8,926
12,188
12,958
12,878
14,069
14,329
15,132
Operating Profit
133
107
271
346
165
279
633
911
687
890
742
656
939
OPM %
2.8%
2.3%
5%
6%
2.7%
3.7%
7%
7%
5%
6%
5%
4.4%
6%
Other Income
39
173
27
182
139
−4
419
37
53
76
114
70
90
Interest
96
148
142
113
85
83
38
17
14
16
16
20
20
Depreciation
142
163
169
153
147
181
174
171
182
191
170
145
149
PBT
−66
−30
−12
261
72
10
840
760
543
759
670
562
861
Tax %
2%
0%
13%
6%
−14%
−131%
34%
22%
26%
26%
26%
26%
—
Net Profit
−67
−30
−14
246
82
23
553
595
403
563
499
417
632
EPS (₹)
−15.46
−7.02
−3.26
56.95
18.88
5.28
128
137
93.08
130
115
96.32
146
Div. Payout %
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
5%
26%
57%
8%
4%
9%
12%
17%
26%
—

Balance Sheet

₹ Cr
BASF balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
43
43
43
43
43
43
43
43
43
43
43
43
Reserves
1,119
1,073
1,059
1,301
1,370
1,201
1,743
2,293
2,658
3,180
3,614
3,934
Borrowings
1,600
1,349
1,275
868
912
822
286
122
106
156
157
132
Other Liabilities
1,406
1,311
1,498
1,635
1,524
2,764
3,072
3,652
3,758
3,853
4,517
4,072
Total Liabilities
4,168
3,777
3,875
3,846
3,849
4,830
5,144
6,110
6,565
7,233
8,330
8,181
Fixed Assets
1,351
1,289
1,222
1,117
957
965
817
763
793
759
694
725
CWIP
74
55
33
27
42
23
53
100
19
61
84
160
Investments
0
0
0
0
0
0
0
0
0
0
213
8
Other Assets
2,743
2,433
2,619
2,702
2,850
3,842
4,274
5,247
5,753
6,413
7,339
7,288
Total Assets
4,168
3,777
3,875
3,846
3,849
4,830
5,144
6,110
6,565
7,233
8,330
8,181

Cash Flow

₹ Cr
BASF cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
−96
199
221
290
−77
572
483
330
531
807
389
−101
Investing
−163
199
−66
158
177
−21
182
−120
−199
−450
−111
377
Financing
372
−425
−133
−465
−95
−464
−592
−257
−91
−102
−137
−170
Net Cash Flow
113
−27
22
−16
5
87
73
−47
241
255
141
106
Free Cash Flow
−268
195
143
251
−148
516
417
206
468
708
221
−292
CFO/OP
−61
201
85
97
−18
210
87
64
100
114
78
−5

Ratios

BASF financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
72
80
77
71
63
68
79
73
63
67
62
67
Inventory Days
106
85
93
94
99
93
73
66
71
68
82
79
Days Payable
98
117
120
117
103
133
126
112
108
114
120
107
Cash Conversion Cycle
80
49
50
48
59
28
25
26
26
21
24
40
Working Capital Days
43
43
36
28
32
10
26
34
37
44
41
51
ROCE %
0%
−2%
5%
9%
1%
6%
23%
34%
20%
25%
18%
15%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view BASF insights

63 extracted metrics across FY12–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 73.33%
  • Public 11.65%
  • DIIs 5.94%
  • FIIs 5.16%
  • Others 3.92%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about BASF India

What does BASF India Ltd do?
BASF India Ltd's portfolio consists of six segments: Agricultural Solutions, Materials, Industrial solutions, Surface Technologies, Nutrition & Care and Chemicals. It is a part of BASF group which have ~110,000 employees globally in almost every country in the world.
Where is BASF India Ltd (BASF) listed?
BASF India Ltd trades as BASF on the NSE and under code 500042 on the BSE.
Which sector does BASF India Ltd belong to?
BASF India Ltd is classified under the Chemicals sector, in the Specialty Chemicals industry.
What is the PE ratio of BASF India Ltd?
BASF India Ltd trades at a PE ratio of 20.27 as of 4 Nov 2026, on earnings per share of ₹145.96, against a book value of ₹914.27 per share.
What is the 52-week high and low of BASF India Ltd?
Over the last 52 weeks BASF India Ltd has traded between ₹2,936.8 and ₹4,560 as of 4 Nov 2026.
Does BASF India Ltd pay dividends?
BASF India Ltd has a dividend yield of 0.80%.
What is the Return on Equity (ROE) of BASF India Ltd?
BASF India Ltd reported a return on equity of 10.70%. Its debt-to-equity ratio is 0.03.

Company Information

BASF India Ltd's portfolio consists of six segments: Agricultural Solutions, Materials, Industrial solutions, Surface Technologies, Nutrition & Care and Chemicals. 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.

Website basf.com/in/en.html
CEO Mr. Alexander Gerding
Employees 1,367
Listed 17 May 1995
Face Value ₹10

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