BASF India Ltd., incorporated in the year 1943, is a Mid Cap company (having a market cap of Rs 10793.71 Crore) operating in Chemicals sector.
Financials
For the quarter ended 31-03-2021, the company reported a Standalone Total Income of Rs 2809.80 Crore, up 15.67 % from last quarter Total Income of Rs 2429.19 Crore and up 51.01 % from last year same quarter Total Income of Rs 1860.67 Crore. Company reported net profit after tax of Rs 55.81 Crore in latest quarter.
Investment Rationale
BASF India’s growth potential remains favorable in the long term, backed by a recovery in end-user industries and management’s strategic initiatives. However, in the brokerage feels as pricing benefits will subside gradually, it will marginally raise its FY22/23 EPS estimates by 3-4% and arrive at a revised TP of Rs2,700 (28x FY23E) from Rs2,640 earlier. It maintains a Buy rating and EW stance in EAP. Key risks: Downturn in Materials and Industrial Solutions businesses; slow economic revival
Promoter/FII Holdings
Promoters held 73.3 per cent stake in the company as of March 31, 2021, while FIIs held 2 per cent, DIIs 7.8 per cent and public and others 17 per cent.
