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BASF India Limited
(BASF)
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Rating:56Neutral
Price Target:
₹3,352.00
▼(-8.67% Downside)
Action:Reiterated
Date:05/20/26
The score is held back primarily by weak recent cash flow and a high P/E with low yield, despite a strong, conservatively levered balance sheet. Technicals are mildly supportive in the near term (above key short/intermediate moving averages) but are not strong enough to outweigh valuation and cash-flow concerns.
Positive Factors
Diversified End-Markets
A broad, multi-end-market product portfolio reduces exposure to any single industry cycle and supports more stable demand over time. Diversification enables cross-selling, smoother revenue through sector rotation, and resilience if one end-market weakens, supporting durable commercial relationships.
Negative Factors
Weak Cash Generation
A swing to negative operating and free cash flow undermines the firm's ability to self-fund working capital, capex, and dividends. Persistent cash volatility increases reliance on external funding or parent support and raises execution risk for long-term projects and margin recovery plans.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified End-Markets
A broad, multi-end-market product portfolio reduces exposure to any single industry cycle and supports more stable demand over time. Diversification enables cross-selling, smoother revenue through sector rotation, and resilience if one end-market weakens, supporting durable commercial relationships.
Read all positive factors
BASF India Limited (BASF) vs. iShares MSCI India ETF (INDA)
Market Cap
₹159.56B
Dividend Yield0.69%
Average Volume (3M)983.00
Price to Earnings (P/E)37.4
Beta (1Y)0.36
Revenue Growth-0.22%
EPS Growth-12.31%
CountryIN
Employees1,401
SectorGeneral
Sector StrengthN/A
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)97.09
Shares Outstanding43,285,640
10 Day Avg. Volume781
30 Day Avg. Volume983
Financial Highlights & Ratios
PEG Ratio-2.69
Price to Book (P/B)3.51
Price to Sales (P/S)0.93
P/FCF Ratio-45.66
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)146.7
Revenue Forecast (FY)₹162.92B
BASF India Limited Business Overview & Revenue Model
Company Description
BASF India Limited, a subsidiary of BASF SE, operates from Navi Mumbai, India, and was established in 1943. The company offers an extensive portfolio of chemical products and services throughout India, additionally engaging in exports. Its Agricul...
How the Company Makes Money
BASF India primarily makes money by selling chemical products and application-specific solutions to business customers in India, generating revenue from the supply of both domestically produced and traded (imported or sourced) BASF products. Its k...
BASF India Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
84
Very Positive
Cash Flow
39
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 149.44B | 152.46B | 137.51B | 136.28B | 130.82B |
| Gross Profit | 18.07B | 22.46B | 22.47B | 20.68B | 21.51B |
| EBITDA | 7.26B | 8.42B | 9.66B | 7.39B | 9.50B |
| Net Income | 4.20B | 4.79B | 5.63B | 4.03B | 5.95B |
Balance Sheet | |||||
| Total Assets | 84.36B | 84.62B | 72.33B | 65.65B | 61.10B |
| Cash, Cash Equivalents and Short-Term Investments | 9.71B | 8.20B | 6.23B | 3.67B | 1.26B |
| Total Debt | 1.33B | 1.90B | 1.56B | 1.06B | 1.22B |
| Total Liabilities | 44.78B | 48.28B | 40.09B | 38.63B | 37.74B |
| Stockholders Equity | 39.57B | 36.34B | 32.23B | 27.01B | 23.36B |
Cash Flow | |||||
| Free Cash Flow | -3.05B | 1.71B | 7.06B | 4.39B | 2.00B |
| Operating Cash Flow | -986.80M | 3.73B | 8.07B | 5.31B | 3.30B |
| Investing Cash Flow | 3.44B | -1.14B | -4.50B | -1.99B | -1.20B |
| Financing Cash Flow | -1.56B | -1.29B | -1.02B | -906.90M | -2.57B |
BASF India Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹199.91B | 24.93 | ― | 0.41% | 15.75% | 59.22% | |
64 Neutral | ₹149.69B | 35.94 | ― | 0.26% | 4.43% | 1.60% | |
61 Neutral | ₹772.04B | 35.96 | ― | 0.34% | 12.98% | 51.08% | |
56 Neutral | ₹159.56B | 37.43 | ― | 0.54% | -0.22% | -12.31% | |
56 Neutral | ₹116.03B | 37.65 | ― | 0.74% | 10.96% | 11.10% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
45 Neutral | ₹174.31B | 33.39 | ― | 0.21% | 27.05% | 124.16% |
* General Sector Average
IN:BASF
BASF India Limited
3,636.45
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-24.16%
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BASF India Limited Corporate Events
BASF India Completes INR 230 Crore Sale of Coatings Subsidiary to Carlyle Affiliates
Jul 1, 2026
BASF India Limited has completed the divestiture of its entire 100% stake in BASF India Coatings Private Limited to Bond German BidCo 2 GmbH and Bond France BidCo SAS, entities affiliated with the Carlyle Group. The transaction, valued at INR 230....
BASF India Flags Robust FY26 Finish Amid Mounting Macro Headwinds
May 27, 2026
BASF India Limited held an analyst and fund managers meeting on 22 May 2026 to discuss its financial performance for the year ended 31 March 2026 and broader operating context. Management highlighted a very robust fourth quarter, credited the comp...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.