BASF India Ltd.

•

₹ 3,902.71.21%

2026-08-21

basf.com/inBSE: 500042NSE: BASF

Market Cap₹ 16,696 Cr.

Current Price₹ 3,903

High / Low₹ 4,830 / 3,122

Stock P/E26.0

Book Value₹ 994

Price to Book3.52

Dividend Yield0.65 %

ROCE15.2 %

ROE11.0 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Materials: 29.8% • Nutrition & Care: 22.5% • Industrial Solutions: 19.0% • Agricultural Solution: 12.5% • Chemicals: 11.9% • Surface Technologies: 3.8% • Others: 0.5%

PROS

Company is almost debt free
Company has a healthy return on capital (ROCE) of 24.2%
Latest quarter profit grew 162.2% YoY, showing strong momentum
Company generates healthy free cash flow
Stock looks reasonably valued - P/E of 26.0 is below its historical median

CONS

Operating cash flow has been negative in recent years

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS

ChemicalsChemicalsChemicals

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	SOLARINDS	19650.00	89.29	177812.96	0.06	666.37	88.98	3668.20	70.26	38.16	27.91
2.	PIDILITIND	1662.05	63.86	169161.84	1.29	8835.10	1202.86	45515.50	1112.74	32.38	26.28
3.	SRF	2570.50	35.25	76196.00	0.35	758.87	75.53	5033.26	34.63	14.21	24.57
4.	FLUOROCHEM	4678.85	83.57	51397.17	0.06	219.00	19.02	1588.00	23.97	10.02	26.83
5.	NAVINFLUOR	8250.30	53.60	42324.05	0.18	243.31	107.67	1045.08	44.07	21.39	34.17
6.	GODREJIND	1226.50	35.14	41314.78	0.00	523.36	-27.85	5448.09	22.16	10.64	12.82
7.	DEEPAKNTR	1749.95	30.47	23868.10	0.43	345.01	207.36	2577.60	36.39	11.58	20.96
8.	AETHER	1634.55	92.24	21695.03	0.00	62.75	33.45	326.56	27.49	11.65	31.47
9.	ATUL	6520.15	24.13	19196.47	0.46	253.93	91.85	1847.95	25.03	15.05	21.41
10.	AARTIIND	521.50	35.62	18916.20	0.19	155.00	260.47	2387.00	42.42	6.39	16.00
11.	DEEPAKFERT	1458.05	18.77	18468.08	0.69	490.04	100.95	3256.26	22.47	12.12	25.96
12.	BASF	3857.15	25.97	16695.92	0.65	360.29	162.22	4824.26	24.57	15.23	10.46

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	3,322	3,357	3,964	4,245	3,631	3,154	3,873	4,042	3,859	3,439	4,824
	3,114	3,114	3,654	4,047	3,465	3,107	3,661	3,879	3,693	3,333	4,366
Operating Profit	—	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—	—
Other Income	27	25	22	18	19	19	19	25	11	11	22
Interest	3	3	5	3	4	3	5	8	5	2	5
Depreciation	49	48	47	45	45	38	41	40	34	37	41
	187	219	297	171	140	44	188	144	142	83	480
Tax %	25.26%	26.40%	25.64%	25.27%	24.82%	32.49%	26.79%	25.33%	25.55%	24.81%	27.57%
Net Profit	0	0	221	128	104	27	137	107	107	69	360
	32	37	51	30	24	7	32	25	24	15	8
Equity Capital	43	43	43	43	43	43	43	43	43	43	43
Reserves	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Equity Capital	43	43	43	43	43	43	43	43	43	43	43
Reserves	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Dec 2023

: 3,322
: 3,114
Operating Profit: —
OPM %: —
Other Income: 27
Interest: 3
Depreciation: 49
: 187
Tax %: 25.26%
Net Profit: 0
: 32
Equity Capital: 43
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 43
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2024

: 3,357
: 3,114
Operating Profit: —
OPM %: —
Other Income: 25
Interest: 3
Depreciation: 48
: 219
Tax %: 26.40%
Net Profit: 0
: 37
Equity Capital: 43
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 43
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2024

: 3,964
: 3,654
Operating Profit: —
OPM %: —
Other Income: 22
Interest: 5
Depreciation: 47
: 297
Tax %: 25.64%
Net Profit: 221
: 51
Equity Capital: 43
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 43
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2024

: 4,245
: 4,047
Operating Profit: —
OPM %: —
Other Income: 18
Interest: 3
Depreciation: 45
: 171
Tax %: 25.27%
Net Profit: 128
: 30
Equity Capital: 43
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 43
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2024

: 3,631
: 3,465
Operating Profit: —
OPM %: —
Other Income: 19
Interest: 4
Depreciation: 45
: 140
Tax %: 24.82%
Net Profit: 104
: 24
Equity Capital: 43
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 43
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 3,154
: 3,107
Operating Profit: —
OPM %: —
Other Income: 19
Interest: 3
Depreciation: 38
: 44
Tax %: 32.49%
Net Profit: 27
: 7
Equity Capital: 43
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 43
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2025

: 3,873
: 3,661
Operating Profit: —
OPM %: —
Other Income: 19
Interest: 5
Depreciation: 41
: 188
Tax %: 26.79%
Net Profit: 137
: 32
Equity Capital: 43
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 43
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2025

: 4,042
: 3,879
Operating Profit: —
OPM %: —
Other Income: 25
Interest: 8
Depreciation: 40
: 144
Tax %: 25.33%
Net Profit: 107
: 25
Equity Capital: 43
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 43
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 3,859
: 3,693
Operating Profit: —
OPM %: —
Other Income: 11
Interest: 5
Depreciation: 34
: 142
Tax %: 25.55%
Net Profit: 107
: 24
Equity Capital: 43
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 43
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 3,439
: 3,333
Operating Profit: —
OPM %: —
Other Income: 11
Interest: 2
Depreciation: 37
: 83
Tax %: 24.81%
Net Profit: 69
: 15
Equity Capital: 43
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 43
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 4,824
: 4,366
Operating Profit: —
OPM %: —
Other Income: 22
Interest: 5
Depreciation: 41
: 480
Tax %: 27.57%
Net Profit: 360
: 8
Equity Capital: 43
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 43
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2024	Mar 2025	Mar 2026	TTM
	13,767	14,780	14,944	16,164
	12,885	14,053	14,290	15,270
Operating Profit	966	809	726	—
OPM %	7	5	5	—
Other Income	83	81	72	69
Interest	16	15	19	20
Depreciation	191	170	145	152
	759	653	561	850
Tax %	26	26	26	27
Net Profit	563	484	416	624
EPS	130	111	97	—
Dividend Payout %	12	18	26	—
Minority Interest	0	0	0	0
Share of Associates	0	0	0	0
Adjusted EPS	130	111	97	—
Minority Interest	0	0	0	0
Share of Associates	0	0	0	0
Adjusted EPS	130	111	97	—

Mar 2024

: 13,767
: 12,885
Operating Profit: 966
OPM %: 7
Other Income: 83
Interest: 16
Depreciation: 191
: 759
Tax %: 26
Net Profit: 563
EPS: 130
Dividend Payout %: 12
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 130
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 130

Mar 2025

: 14,780
: 14,053
Operating Profit: 809
OPM %: 5
Other Income: 81
Interest: 15
Depreciation: 170
: 653
Tax %: 26
Net Profit: 484
EPS: 111
Dividend Payout %: 18
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 111
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 111

Mar 2026

: 14,944
: 14,290
Operating Profit: 726
OPM %: 5
Other Income: 72
Interest: 19
Depreciation: 145
: 561
Tax %: 26
Net Profit: 416
EPS: 97
Dividend Payout %: 26
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 97
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 97

TTM

: 16,164
: 15,270
Operating Profit: —
OPM %: —
Other Income: 69
Interest: 20
Depreciation: 152
: 850
Tax %: 27
Net Profit: 624
EPS: —
Dividend Payout %: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: 13%
5 Years:: 2%
3 Years:: 16%
1 Year:: -15%

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: 18%
Last Year:: 11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2024	Mar 2025	Mar 2026
LIABILITIES	-	-	-
Equity Capital	43	43	43
	3,177	3,588	3,912
	0	32	0
Trade Payables	3,548	4,200	3,644
	1,911	2,201	2,581
Total Liabilities	8,679	10,065	10,180
ASSETS	-	-	-
	759	777	725
Capital Work in Progress	61	97	160
	0	2	8
	2,116	2,922	2,709
	2,522	2,594	2,734
Cash & Bank	624	820	874
	2,597	2,853	2,970
Total Assets	8,679	10,065	10,180
Total Debt	0	32	0
Net Working Capital	2,270	2,573	2,733
Contingent Liabilities	203	211	236
Book Value per Share	743.82	838.82	913.63
Face Value	10.00	10.00	10.00
Total Debt	0	32	0
Net Working Capital	2,270	2,573	2,733
Contingent Liabilities	203	211	236
Book Value per Share	743.82	838.82	913.63
Face Value	10.00	10.00	10.00

Mar 2024

Equity Capital: 43
: 3,177
: 0
Trade Payables: 3,548
: 1,911
Total Liabilities: 8,679
: 759
Capital Work in Progress: 61
: 0
: 2,116
: 2,522
Cash & Bank: 624
: 2,597
Total Assets: 8,679
Total Debt: 0
Net Working Capital: 2,270
Contingent Liabilities: 203
Book Value per Share: 743.82
Face Value: 10.00
Total Debt: 0
Net Working Capital: 2,270
Contingent Liabilities: 203
Book Value per Share: 743.82
Face Value: 10.00

Mar 2025

Equity Capital: 43
: 3,588
: 32
Trade Payables: 4,200
: 2,201
Total Liabilities: 10,065
: 777
Capital Work in Progress: 97
: 2
: 2,922
: 2,594
Cash & Bank: 820
: 2,853
Total Assets: 10,065
Total Debt: 32
Net Working Capital: 2,573
Contingent Liabilities: 211
Book Value per Share: 838.82
Face Value: 10.00
Total Debt: 32
Net Working Capital: 2,573
Contingent Liabilities: 211
Book Value per Share: 838.82
Face Value: 10.00

Mar 2026

Equity Capital: 43
: 3,912
: 0
Trade Payables: 3,644
: 2,581
Total Liabilities: 10,180
: 725
Capital Work in Progress: 160
: 8
: 2,709
: 2,734
Cash & Bank: 874
: 2,970
Total Assets: 10,180
Total Debt: 0
Net Working Capital: 2,733
Contingent Liabilities: 236
Book Value per Share: 913.63
Face Value: 10.00
Total Debt: 0
Net Working Capital: 2,733
Contingent Liabilities: 236
Book Value per Share: 913.63
Face Value: 10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2024	Mar 2025	Mar 2026
	807	373	-110
Cash from Investing	-450	-114	379
Cash from Financing	-102	-129	-179
	255	131	89
Free Cash Flow	807	209	-163
OCF / Net Profit	1.43	0.77	-0.26
Cumulative 5-Year FCF	0	0	0
OCF / Net Profit	1.43	0.77	-0.26
Cumulative 5-Year FCF	0	0	0

Mar 2024

: 807
Cash from Investing: -450
Cash from Financing: -102
: 255
Free Cash Flow: 807
OCF / Net Profit: 1.43
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.43
Cumulative 5-Year FCF: 0

Mar 2025

: 373
Cash from Investing: -114
Cash from Financing: -129
: 131
Free Cash Flow: 209
OCF / Net Profit: 0.77
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.77
Cumulative 5-Year FCF: 0

Mar 2026

: -110
Cash from Investing: 379
Cash from Financing: -179
: 89
Free Cash Flow: -163
OCF / Net Profit: -0.26
Cumulative 5-Year FCF: 0
OCF / Net Profit: -0.26
Cumulative 5-Year FCF: 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2024	Mar 2025	Mar 2026
PER SHARE	-	-	-
EPS (₹)	130.12	110.66	97.04
Book Value (₹)	743.82	838.82	913.63
Dividend per Share (₹)	15.00	20.00	25.00
Cash EPS (₹)	174.29	151.12	129.68
PROFITABILITY	-	-	-
Operating Margin %	6.21%	4.75%	4.22%
Net Margin %	3.97%	3.16%	2.69%
ROE %	27.73%	14.12%	10.97%
ROCE %	38.09%	19.39%	15.23%
	11.29%	5.16%	4.11%
EFFICIENCY	-	-	-
Debtor Days	36	61	63
Inventory Days	32	60	66
Payable Days	64	114	115
	5	7	14
FINANCIAL HEALTH	-	-	-
Debt to Equity (x)	0.00x	0.01x	0.00x
Interest Coverage (x)	49.86x	43.45x	30.35x
	1.56x	1.54x	1.66x
GROWTH	-	-	-
Revenue Growth %	746.19%	7.36%	1.11%
Operating Profit Growth %	436.93%	-16.23%	-10.31%
Net Profit Growth %	486.31%	-14.10%	-13.98%
	452.18%	-14.95%	-12.31%
VALUATION	-	-	-
P/E (x)	25.65x	40.05x	33.13x
P/B (x)	4.49x	5.28x	3.52x
Dividend Yield %	0.45%	0.45%	0.78%
	14.31x	22.74x	17.98x

Mar 2024

EPS (₹): 130.12
Book Value (₹): 743.82
Dividend per Share (₹): 15.00
Cash EPS (₹): 174.29
Operating Margin %: 6.21%
Net Margin %: 3.97%
ROE %: 27.73%
ROCE %: 38.09%
: 11.29%
Debtor Days: 36
Inventory Days: 32
Payable Days: 64
: 5
Debt to Equity (x): 0.00x
Interest Coverage (x): 49.86x
: 1.56x
Revenue Growth %: 746.19%
Operating Profit Growth %: 436.93%
Net Profit Growth %: 486.31%
: 452.18%
P/E (x): 25.65x
P/B (x): 4.49x
Dividend Yield %: 0.45%
: 14.31x

Mar 2025

EPS (₹): 110.66
Book Value (₹): 838.82
Dividend per Share (₹): 20.00
Cash EPS (₹): 151.12
Operating Margin %: 4.75%
Net Margin %: 3.16%
ROE %: 14.12%
ROCE %: 19.39%
: 5.16%
Debtor Days: 61
Inventory Days: 60
Payable Days: 114
: 7
Debt to Equity (x): 0.01x
Interest Coverage (x): 43.45x
: 1.54x
Revenue Growth %: 7.36%
Operating Profit Growth %: -16.23%
Net Profit Growth %: -14.10%
: -14.95%
P/E (x): 40.05x
P/B (x): 5.28x
Dividend Yield %: 0.45%
: 22.74x

Mar 2026

EPS (₹): 97.04
Book Value (₹): 913.63
Dividend per Share (₹): 25.00
Cash EPS (₹): 129.68
Operating Margin %: 4.22%
Net Margin %: 2.69%
ROE %: 10.97%
ROCE %: 15.23%
: 4.11%
Debtor Days: 63
Inventory Days: 66
Payable Days: 115
: 14
Debt to Equity (x): 0.00x
Interest Coverage (x): 30.35x
: 1.66x
Revenue Growth %: 1.11%
Operating Profit Growth %: -10.31%
Net Profit Growth %: -13.98%
: -12.31%
P/E (x): 33.13x
P/B (x): 3.52x
Dividend Yield %: 0.78%
: 17.98x

Shareholding Pattern

Numbers in percentages

TRADES

	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	73.33	73.33	73.33	73.33	73.33	73.33	73.33	73.33
	4.44	4.24	4.29	4.21	4.14	4.12	5.34	5.21
	6.27	6.24	6.30	6.31	6.43	6.42	6.29	6.29
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	15.95	16.19	16.07	16.14	16.10	16.12	15.04	15.17

Sep 2024

: 73.33
: 4.44
: 6.27
Government: 0.00
: 15.95

Dec 2024

: 73.33
: 4.24
: 6.24
Government: 0.00
: 16.19

Mar 2025

: 73.33
: 4.29
: 6.30
Government: 0.00
: 16.07

Jun 2025

: 73.33
: 4.21
: 6.31
Government: 0.00
: 16.14

Sep 2025

: 73.33
: 4.14
: 6.43
Government: 0.00
: 16.10

Dec 2025

: 73.33
: 4.12
: 6.42
Government: 0.00
: 16.12

Mar 2026

: 73.33
: 5.34
: 6.29
Government: 0.00
: 15.04

Jun 2026

: 73.33
: 5.21
: 6.29
Government: 0.00
: 15.17

Documents

Announcements

Updates
2026-08-18 - BASF India Limited has informed the Exchange regarding 'Transcript of 82nd Annual General Meeting of the Company held on Wednesday 12th August 2026 at 3pm'.
Shareholders meeting
2026-08-13 - Scrutinizers Report and Voting Results for the proposals considered at the 82nd Annual General Meeting of the Company

Annual Reports

Credit Ratings

Nothing filed yet.

Concalls

May 2026
Transcript PPTREC
Nov 2025
Transcript PPTREC
May 2025
Transcript PPTREC