Excel Sheet Made by Amol

BASF INDIA LTD All figures in Rs crores

PROFIT & LOSS STATEMENT
Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 TTM COMMON SIZE P&L STATEMENT
y-o-y Sales Growth % 0.92% 6.83% 10.05% 7.92% 26.04% 25.86% 37.05% 4.16% 0.90% 11% Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 TTM
Sales 4,706 4,749 5,073 5,583 6,026 7,595 9,558 13,100 13,645 13,767.48 15,333
Raw Material Cost 3,419 3,452 3,599 3,954 4,473 6,070 7,730 10,767 11,375 11,315.91 - 73% 73% 71% 71% 74% 80% 81% 82% 83% 82%
Power and Fuel 99 114 97 95 107 83 65 83 110 102.45 2% 2% 2% 2% 2% 1% 1% 1% 1% 1%
Other Mfr. Exp 130 63 160 171 212 169 134 172 190 196.42 3% 1% 3% 3% 4% 2% 1% 1% 1% 1%
Gross Profit 1,058 1,120 1,217 1,364 1,234 1,272 1,629 2,078 1,969 2,152.70 Gross Margin 22% 24% 24% 24% 20% 17% 17% 16% 14% 16%

Employee Cost 347 328 322 351 376 363 345 381 392 392.14 7% 7% 6% 6% 6% 5% 4% 3% 3% 3%
Selling and admin 492 576 527 592 614 519 509 660 758 762.97 10% 12% 10% 11% 10% 7% 5% 5% 6% 6%
Other Expenses 85 108 97 75 79 113 142 126 132 107.68 2% 2% 2% 1% 1% 1% 1% 1% 1% 1% Chart of Op.EBIT Margin
Depreciation 142 163 169 153 147 181 174 171 182 191.21 188 3% 3% 3% 3% 2% 2% 2% 1% 1% 1%
Operating Profit (Op. EBIT) -9.06 -55.75 102.29 192.49 17.57 97.77 458.92 740.83 504.56 698.70 742 Op.EBIT Margin 0% -1% 2% 3% 0% 1% 5% 6% 4% 5% 5%

Other Income 39 173 27 182 139 -4 419 37 53 75.78 98 1% 4% 1% 3% 2% 0% 4% 0% 0% 1%

Interest 96 148 142 113 85 83 38 17 14 15.53 15 2% 3% 3% 2% 1% 1% 0% 0% 0% 0%
Profit before tax -66 -30 -12 261 72 10 840 760 543 758.95 825 Chart of PAT Margin
Tax 1 - 2 15 -10 -13 287 165 141 195.60 211
PROFIT AFTER TAX (PAT) -67 -30.37 -14.13 246.50 81.72 22.87 552.61 594.84 402.89 563.35 614 PAT Margin -1% -1% 0% 4% 1% 0% 6% 5% 3% 4% 4%
Effective Income Tax Rate -1.58% 0.00% -13.31% 5.57% -13.72% -131.01% 34.21% 21.72% 25.86% 25.77%

Marginal Income Tax Rate 34.61% 34.61% 34.61% 35.00% 30.00% 25.17% 25.17% 25.17% 25.17% 25.17%
MARGINAL INCOME TAX DATA
GROWTH ANALYSIS Source KPMG for the years from 2011 until 2019
SALES Op. EBIT PAT from FY20 onwards, it is assumed that domestic companies will take advantage of Section 115BAA
9 Year CAGR 12.67% -262.06% -226.71% Mar-11 32.44%
7 Year CAGR 15.33% 31.59% -269.30% Mar-12 32.45%
5 Year CAGR 17.97% 108.88% 47.13% Mar-13 33.99%
3 Year CAGR 12.93% 15.04% 0.64% Mar-14 33.99%
TTM CAGR 11.37% 6.16% 8.92% Mar-15 34.61%
Mar-16 34.61%
Mar-17 34.61%
DEBT & SOLVENCY RATIOS Mar-18 35.00%
Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Mar-19 30.00%
Debt 1,600 1,349 1,275 868 912 822 286 122 106 156 Mar-20 25.17%
Equity 1,162 1,116 1,102 1,344 1,413 1,244 1,786 2,336 2,701 3,224 Mar-21 25.17%
Mar-22 25.17%
Debt Coverage Ratios (Lower is Better) Mar-23 25.17%
Debt/Equity Ratio 1.4 1.2 1.2 0.6 0.6 0.7 0.2 0.1 0.0 0.0
Debt/EBITDA 12.0 12.6 4.7 2.5 5.5 2.9 0.5 0.1 0.2 0.2

Interest Expense / Debt 6% 11% 11% 13% 9% 10% 13% 14% 13% 10%

Interest Coverage Ratios (Higher is better)

Op. EBIT/Interest -0.1 -0.4 0.7 1.7 0.2 1.2 12.2 42.4 36.3 45.0
EBITDA/Interest 1.4 0.7 1.9 3.1 1.9 3.3 16.8 52.2 49.4 57.3

NET DEBT (as at) Mar-24

Outstanding Debt 156
- Investments - Investments of 0 NOT deducted from debt. Deduct it, only if it is liquid. Check from Annual Report
- Cash & Bank 624
Net Outstanding Debt -468 This is a GOOD thing. It means that the company has no net debt as its cash reserves exceeds debt

FREE CASH FLOW

Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24
CASH FROM OPERATIONS 198.9 221.1 290.0 -77.2 571.6 483.1 329.9 530.8 807.2
- CAPEX -82 -80 -43 -1 -170 -56 -163 -131 -199.77 Chart of FCFF
- Tax Benefit from Interest (Int x Tax) -51 -49 -40 -26 -21 -9 -4 -4 -3.91
FREE CASH FLOW TO FIRM (FCFF) 66 92 207 -104 381 417 162 397 603.56

- Interest -148.06 -141.64 -112.96 -85.11 -83.45 -37.57 -17.47 -13.91 -15.53
+ Tax Benefit from Interest (Int x Tax) 51.24 49.02 39.54 25.53 21.00 9.46 4.40 3.50 3.91
- Debt Repayment -251 -75 -407 - -90 -536 -164 -16 -
+ New Debt - - - 45 - - - - 50
FREE CASH FLOW TO EQUITY (FCFE) -282 -76 -273 -119 228 -147 -15 371 642 165.7 3,355.5 -655.7 2,420 165.7%

FREE CASH FLOW OVER 9 YEARS FROM Mar-16 UNTIL Mar-24

Total CFO - Int Tax Shield 3,148 (Cum CFO - Interest)/Cum PAT 166% (ideally, should be more than 75%. Higher the better)
- Total Capex -926
TOTAL FCFF 2,222 Cum FCFF/Cum EBIAT 98%
(Payout Ratio)
- Total Interest + Int Tax Benefit -448
Total FCFE through operations 1,774

Repayment of Debt -1,444

TOTAL FCFE 329

Total Dividends in 9 yrs 225

CASH FLOW STATEMENT

Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 TOTAL
Cash from Operating Activity -96 199 221 290 -77 572 483 330 531 807 3,259
Cash from Investing Activity -163 199 -66 158 177 -21 182 -120 -199 -450 -303
Cash from Financing Activity 372 -425 -133 -465 -95 -464 -592 -257 -91 -102 -2,251
Net Cash Flow 113 -27 22 -16 5 87 73 -47 241 255 705

VALUATION MULTIPLES
Based on Equity Value
Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 2.3.25
No. of shares (in crores) 4 4 4 4 4 4 4 4 4 4 4
EPS -15 -7 -3 57 19 5 128 137 93 130 142
Stock Price 1,121 878 1,371 1,923 1,481 1,125 2,070 3,093 2,276 3,337 4,416 1/(P/E) Current Bond Yield
P / ETTM Not App Not App Not App 33.8 78.4 213.0 16.2 22.5 24.5 25.6 31.2 3% 10% no margin of safety

Book Value / Share 268.4 257.7 254.6 310.4 326.3 287.3 412.5 539.5 623.8 744.5 744.5
P/B 4.2 3.4 5.4 6.2 4.5 3.9 5.0 5.7 3.6 4.5 5.9

BASED ON ENTERPRIS Based on Enterprise Value

Debt - Cash 1,473 1,346 1,249 859 899 722 113 -5 -261 -468 Put updated figures
Enterprise Value (EV) 7,926 5,146 7,185 9,187 7,310 5,594 9,075 13,388 9,592 13,981 -
EBIT 30 118 129 374 157 93 878 777 557 774 840
EV / EBITTTM 266.9 43.7 55.6 24.6 46.6 59.9 10.3 17.2 17.2 18.1

EBITDA 172 281 298 527 304 274 1,051 948 739 966 1,028
EV / EBITDATTM 46.0 18.3 24.1 17.4 24.0 20.4 8.6 14.1 13.0 14.5

EV / Sales 1.7 1.1 1.4 1.6 1.2 0.7 0.9 1.0 0.7 1.0

DIVIDENDS
Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 2.3.25
Dividends (Rs crores) 17 4 4 13 22 13 43 26 35 65

Dividends/Net Profit -26% -14% -31% 5% 26% 57% 8% 4% 9% 12%

Dividends/Share 4.0 1.0 1.0 3.0 5.0 3.0 10.0 6.0 8.0 15.0
Stock Dividend Yield 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%

% RETURN IF YOU PURCHASED THE STOCK IN THE PAST AND SOLD IT TODAY
INPUT Date of Purchase Mar/20

Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 2.3.25
Stock Bought - - - - - -1,125 - - - -
Dividends - - - - - 3.0 10.0 6.0 8.0 15.0
Stock Sold 4,416
Total - - - - - -1,122 10 6 8 15 4,416

IRR 32.5%

NOTE: The IRR calculated above DOES NOT account for buybacks, if any, by a company

Free CF yield / Acquirer's multiple Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24
FCFF - 66 92 207 -104 381 417 162 397 604
EV 7,926 5,146 7,185 9,187 7,310 5,594 9,075 13,388 9,592 13,981
FCFF / EV 0% 1% 1% 2% -1% 7% 5% 1% 4% 4%
Acquirer's multiple -874.79 -92.30 70.24 47.73 416.04 57.22 19.77 18.07 19.01 20.01

Fragility Scorecard
Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24
Total equity 1162.06 1116.01 1102.26 1343.88 1412.89 1243.98 1786.15 2336.08 2701.18 3223.58
Total liabilities 4167.87 3776.56 3874.55 3846.36 3849.48 4829.89 5144.11 6109.93 6564.63 7232.96
Equity as % total liabilities 28% 30% 28% 35% 37% 26% 35% 38% 41% 45% [Higher the better]

Interest + Depreciation 237.98 311.15 310.67 266.35 232.2 264.31 211.49 188.04 195.99 206.74
Operating profit % 0% -1% 2% 3% 0% 1% 5% 6% 4% 5% 5.08% 683.17
Break even sales -123606.70693157 -26505.905749 15408.703536 7725.79661281 79633.4988 20531.02335686 4404.89263183125 3325.0182 5300.1396708 4073.69231 15.53
Actual sales 4,706 4,749 5,073 5,583 6,026 7,595 9,558 13,100 13,645 13,767 698.70
Break even sales as % of sales -2627% -558% 304% 138% 1322% 270% 46% 25% 39% 29.59% [Lower the better]

ROIC 0% -2% 6% 9% 1% 12% 17% 30% 18% 27% [Higher the better]

Cash from operating activities -96 199 221 290 -77 572 483 330 531 807
Interest + Depreciation 237.98 311.15 310.67 266.35 232.2 264.31 211.49 188.04 195.99 206.74
20% of borrowings 320.04 269.844 254.91 173.538 182.442 164.348 57.172 24.304 21.17 31.214
Yearly debt obligations as a % of cash flow from -0.17 0.34 0.39 0.66 -0.19 1.33 1.80 1.55 2.44 3.39 [Higher the better]

Fragility Scorecard (my assessment)

Equity as % of total liabilities 0

Breakeven sales as % of total sales 0
ROIC 1
Yearly debt obligations as % of CFO 1
Total score 2

Self Sustainable Growth Rate (SSGR) - Dr Vijay Malik

Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24
NFA 1351.09 1288.87 1222.39 1117.35 956.98 964.92 817.1 762.96 792.89 758.74
NFAT (Net fixed asset turnover) 3.60 4.04 4.77 5.81 7.90 10.73 16.58 17.54 17.75
Average NFAT over 3 years 4.14 4.87 6.16 8.15 11.74 14.95 17.29
NPM -1% -1% 0% 4% 1% 0% 6% 5% 3% 4.09%
Average NPM of 3 years 1% 2% 2% 2% 4% 4% 3.86%
Dividend Payout Ratio -26% -14% -31% 5% 26% 57% 8% 4% 9% 11.53%
Average DPR -13% 0% 30% 30% 23% 7% 8.16%
Depreciation as % of NFA 11% 13% 14% 14% 15% 19% 21% 22% 23% 25.20%
Average Dep 13% 14% 16% 18% 21% 22% 23.51%
SSGR -7.94% -5.42% -7.16% -4.40% 11.21% 39.36% 37.81%

Average SSGR 29%

Average Sales Growth 14%
SSGR > Sales Growth yes and it's an awesome thing
 Excel Sheet Made by Amol
BASF INDIA LTD
(all figures in Rs crores) BALANCE SHEET COMMON SIZE BALANCE SHEET
Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24
Equity Share Capital 43 43 43 43 43 43 43 43 43 43 1% 1% 1% 1% 1% 1% 1% 1% 1% 1%
Reserves 1,119 1,073 1,059 1,301 1,370 1,201 1,743 2,293 2,658 3,180 27% 28% 27% 34% 36% 25% 34% 38% 40% 44%
Borrowings 1,600 1,349 1,275 868 912 822 286 122 106 156 38% 36% 33% 23% 24% 17% 6% 2% 2% 2%
Trade Payables (Manually copy 915 1,106 1,183 1,271 1,266 2,216 2,672 3,316 3,373 3,548 22% 29% 31% 33% 33% 46% 52% 54% 51% 49%
Other Liabilities 491 205 315 364 258 548 400 336 385 305 12% 5% 8% 9% 7% 11% 8% 6% 6% 4%
TOTAL LIABILITIES 4,168 3,777 3,875 3,846 3,849 4,830 5,144 6,110 6,565 7,233 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%

Net Block 1,351 1,289 1,222 1,117 957 965 817 763 793 759 32% 34% 32% 29% 25% 20% 16% 12% 12% 10%
Capital Work in Progress 74 55 33 27 42 23 53 100 19 61 2% 1% 1% 1% 1% 0% 1% 2% 0% 1%
Cash & Bank 128 3 25 9 13 100 173 126 367 624 3% 0% 1% 0% 0% 2% 3% 2% 6% 9%
Investments - - - - - - - - - 0 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Inventory 991 808 920 1,019 1,213 1,553 1,536 1,943 2,217 2,116 24% 21% 24% 26% 32% 32% 30% 32% 34% 29%
Receivables 930 1,042 1,069 1,089 1,041 1,421 2,059 2,621 2,345 2,522 22% 28% 28% 28% 27% 29% 40% 43% 36% 35%
Loans & Advances (Manually co 59 76 65 24 33 31 97 25 60 34 1% 2% 2% 1% 1% 1% 2% 0% 1% 0%
Other Assets 635 503 540 561 551 737 408 532 764 1,116 15% 13% 14% 15% 14% 15% 8% 9% 12% 15%
TOTAL ASSETS 4,168 3,777 3,875 3,846 3,849 4,830 5,144 6,110 6,565 7,233 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%

FUND FLOW ANALYSIS

5 YEAR 1 YEAR
Equity Share Capital - -
Reserves 1,811 522
Borrowings -756 50
Trade Payables 2,282 175
Other Liabilities 47 -79
TOTAL CHANGE IN LIABILITIES 3,383 668

Net Block + WIP -179 9

Cash & Bank 611 257
Investments 0 0
Inventory 903 -101
Receivables 1,481 177
Loans & Advances 1 -26
Other Assets 566 352
TOTAL CHANGE IN ASSETS 3,383 668

FROM THE LIABILITY SIDE RETURN ON AVERAGE INVESTED CAPITAL (ROIC)

Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24
Operating EBIT -9 -56 102 192 18 98 459 741 505 699 Median Min Max
Effective Tax Rate -2% 0% -13% 6% -14% -131% 34% 22% 26% 26% 3% -131% 34%
Operating EBIAT -9 -56 116 182 20 226 302 580 374 519

Invested Capital from the Liability Side of Balance Sheet = (Book Value of Equity + Book Value of Debt - Cash)
Invested Capital 2,635 2,462 2,352 2,203 2,312 1,966 1,899 2,331 2,440 2,755
Average Invested Capital 2,548 2,407 2,277 2,257 2,139 1,932 2,115 2,386 2,598
Median Min Max
ROIC (EBIAT / Average Invested Capital) -2% 5% 8% 1% 11% 16% 27% 16% 20% 11% -2% 27%
with DuPont breakup
EBIAT/Sales -1% 2% 3% 0% 3% 3% 4% 3% 4% 3% -1% 4%
Sales/Av Invested Capital 1.9 2.1 2.5 2.7 3.6 4.9 6.2 5.7 5.3 3.6 1.9 6.2

FROM THE ASSET SIDE RETURN ON AVERAGE INVESTED CAPITAL (ROIC)

The section below breaks down ROIC into various components and thus allows us to use just one ratio-ROIC to measure it ALL operational parameters!
However it is helpful if you read a short note on this before using this section. Click HERE to read this short note
Please Manually Input the Trade Payables Data in 'Row 8' above from Screener.in BEFORE using this section

DATA NEEDED TO CALCULATE ROIC FROM THE ASSET SIDE

Net Working Capital 1,006 744 806 837 987 758 924 1,248 1,189 1,090
Average Net Working Capital 875 775 821 912 873 841 1,086 1,218 1,139
Median Min Max
Av Working Capital/Sales 18% 15% 15% 15% 11% 9% 8% 9% 8% 11% 8% 18%
Av Working Capital Turnover 5.4 6.5 6.8 6.6 8.7 11.4 12.1 11.2 12.1 8.7 5.4 12.1

Fixed Asset 1,425 1,344 1,255 1,145 999 988 870 863 812 820
Average Fixed Assets 1,385 1,300 1,200 1,072 994 929 867 837 816

Av Fixed Assets/Sales 29% 26% 21% 18% 13% 10% 7% 6% 6% 13% 6% 29%
Av Fixed Asset Turnover 3.43 3.90 4.65 5.62 7.64 10.29 15.11 16.29 16.87 7.6 3.4 16.9

Average Invested Capital from the Asset Side of Balance Sheet = Average Net Block & CWIP + Average Net Working Capital
Average Invested Capital 2,260 2,075 2,021 1,984 1,866 1,770 1,952 2,056 1,955

RETURN ON AVERAGE INVESTED CAPITAL (ROIC) with DETAILED BREAK-UP

Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24
Median Min Max Chart of Op. EBIT Margin
Operating EBIT Margin -1.17% 2.02% 3.45% 0.29% 1.29% 4.80% 5.66% 3.70% 5.08% 3% -1% 6%
Gross Margin 24% 24% 24% 20% 17% 17% 16% 14% 15.64%
- SG&A & Others -21% -19% -18% -18% -13% -10% -9% -9% -9.17%
- Depreciation -3% -3% -3% -2% -2% -2% -1% -1% -1.39%
Chart of Sales/Av Invested Capital
Sales/Av Invested Capital 2.1 2.4 2.8 3.0 4.1 5.4 6.7 6.6 7.0 4.1 2.1 7.0
Sales/Av Invested Capital is further broken down into Fixed Asset Turnover and Working Capital Turnover as below:

Av Fixed Asset Turnover 3.4 3.9 4.7 5.6 7.6 10.3 15.1 16.3 16.87

Av Working Capital Turnover 5.43 6.55 6.80 6.61 8.70 11.37 12.06 11.20 12.08
Average Inventory Days 69 62 63 68 66 59 48 56 57.4 Note: Inventory Days and Payable Days are calculated using Sales & not COGS
Average Receivable Days 76 76 71 64 59 66 65 66 64.5
Average Payable Days 78 82 80 77 84 93 83 89 91.7
Average Working Capital Cycle Days 67 56 54 55 42 32 30 33 30.2
Median Min Max Chart of ROIC Pre-Tax
ROIC Pre-Tax -2% 5% 10% 1% 5% 26% 38% 25% 36% 10% -2% 38%

Effective Tax Rate 0% -13% 6% -14% -131% 34% 22% 26% 26%
ROIC -2% 6% 9% 1% 12% 17% 30% 18% 27% 12% -2% 30%

NOTES:
1) The formula used for breaking up ROIC into its components is given in the adjacent image

2) To correctly calculate ROIC you need to several adjustments such as Identifying operating assets,
Capitalizing Operating & Financial Expenses, removing one-time & extra-ordinary items, adjusting taxes, etc
These adjustments are ESSENTIAL to get a correct measurement of ROIC or any other return such as ROE, ROA,
ROCE, etc. However, to do the same we need more granular level data from the Annual Report
HENCE, ROIC calculated without adjustments are ROUGH ESTIMATES of the actual return
 Input ONLY in Cells denoted as:

ROIC ESTIMATOR
Calculate the impact of ROIC of a company using your estimates of margins, tax and capital efficiency ratios

Historical Data of 9 years

Operating EBIT MARGIN Median
Gross Margin 17% 17%
- SG&A & Others -13% Input % as a negative number -13%
- Depreciation -2% Input % as a negative number -2%
1 Operating EBIT Margin 2%

Sales/Av Invested Capital

Fixed Asset Turnover 15.11 15.1

Working Capital Turnover 8.1

Average Inventory Days 62 62
Average Receivable Days 66 66
Average Payable Days 83 83.42233
Average Working Capital Cycle Days 45
2 Sales/Av Invested Capital 5.27

ROIC Pre-Tax ( 1 x 2) 8%

Effective Tax Rate 25% 6%

ROIC (Post Tax) 6%

1) Refer to the historical ranges of these inputs so that you make more informed estimates.
It is very much possible that you can have estimates higher/lower than the historical ranges.
But you should have strong reasons for doing so
2) Remember that these historical numbers are without adjustments as stated in the previous tab

CONVERTING ROIC TO ROE

Historical Data of 9 years
Median
Debt / Equity 0.11 0.11
Interest / Book Value of Debt 0.12 12%
Tax Rate 25% 3%
ROE 6%

NOTES:
1) The adjacent formula is used to convert ROIC (calculated from above) into ROE
capital efficiency ratios

Historical Data of 9 years

Min Max
14% 24%
-21% -9%
-3% -1%

7.6 16.9

48 69
59 76
76.83834 93.32792

-131% 34%

previous tab

Historical Data of 9 years

Min Max
0.04 0.66
9% 14%
-131% 34%
BASF INDIA LTD
QUARTER ANALYSIS

Latest Quarter Latest 6 Months Period Latest 9 Months Period

Dec-24 Dec-23 Growth Latest Year Ago Growth Latest Year Ago Growth
Sales 3,759 3,326 13% 8,006 7,033 14% 11,973 10,408 15%
Expenses 3,588 3,114 7,635 6,586 11,289 9,763
Depreciation 48 49 93 96 140 143
Operating Profit 123 164 -25% 279 350 -20% 544 501 9%

Other Income 19 27 37 42 73 51
Interest 4 3 7 5 12 13
Profit before tax 90 139 216 291 466 397
Tax 34 47 77 99 153 138
Net profit 56 91 -39% 139 193 -28% 313 259 21%

EBIT Margin 3% 5% 3% 5% 5% 5%
EBITDA Margin 5% 6% 5% 6% 6% 6%
PAT Margin 1% 3% 2% 3% 3% 2%

Dec-24 Dec-23 Dec-22 Sep-24 Sep-23 Sep-22 Jun-24 Jun-23 Mar-24 Mar-23
Sales 3,759 3,326 2,898 4,248 3,707 3,582 3,967 3,375 3,360 3,277
13% 15% 15% 3% 18% 3%

Operating Profit 123 164 9 156 186 143 266 151 197 87
-25% 1754% -16% 31% 76% 127%
COMPANY NAME BASF INDIA LTD
LATEST VERSION 2.10 PLEAS
CURRENT VERSION 2.10

META
Number of shares 4.33
Face Value 10.00
Current Price 4,416.05
Market Capitalization 19,115.16

PROFIT & LOSS

Report Date Mar-15 Mar-16 Mar-17 Mar-18
Sales 4,705.76 4,749.17 5,073.41 5,583.40
Raw Material Cost 3,385.21 3,354.01 3,612.90 3,995.67
Change in Inventory -33.77 -98.25 13.78 41.48
Power and Fuel 98.79 114.40 97.31 94.63
Other Mfr. Exp 130.36 62.84 160.18 170.90
Employee Cost 347.41 327.58 321.96 351.43
Selling and admin 491.70 576.27 526.77 591.75
Other Expenses 85.16 108.48 96.75 74.62
Other Income 38.76 173.44 26.88 181.50
Depreciation 142.42 163.09 169.03 153.39
Interest 95.56 148.06 141.64 112.96
Profit before tax -65.86 -30.37 -12.47 261.03
Tax 1.04 1.66 14.53
Net profit -66.90 -30.37 -14.13 246.50
Dividend Amount 17.32 4.33 4.33 12.99

Quarters
Report Date Sep-22 Dec-22 Mar-23 Jun-23
Sales 3,581.99 2,898.10 3,276.89 3,374.65
Expenses 3,394.26 2,843.41 3,143.32 3,176.83
Other Income 10.01 11.98 27.47 8.59
Depreciation 45.11 45.86 46.54 46.71
Interest 3.66 2.75 2.27 7.83
Profit before tax 148.97 18.06 112.23 151.87
Tax 35.86 7.42 29.84 39.19
Net profit 113.11 10.64 82.39 112.68
Operating Profit 187.73 54.69 133.57 197.82
BALANCE SHEET
Report Date Mar-15 Mar-16 Mar-17 Mar-18
Equity Share Capital 43.29 43.29 43.29 43.29
Reserves 1,118.77 1,072.72 1,058.97 1,300.59
Borrowings 1,600.20 1,349.22 1,274.55 867.69
Other Liabilities 1,405.61 1,311.33 1,497.74 1,634.79
Total 4,167.87 3,776.56 3,874.55 3,846.36
Net Block 1,351.09 1,288.87 1,222.39 1,117.35
Capital Work in Progress 74.18 55.14 32.86 27.48
Investments
Other Assets 2,742.60 2,432.55 2,619.30 2,701.53
Total 4,167.87 3,776.56 3,874.55 3,846.36
Receivables 930.45 1,042.34 1,068.82 1,088.78
Inventory 990.77 807.58 920.13 1,019.17
Cash & Bank 127.69 3.17 25.10 8.62
No. of Equity Shares 43,284,958.00 43,284,958.00 43,284,958.00 43,284,958.00
New Bonus Shares
Face value 10.00 10.00 10.00 10.00

CASH FLOW:
Report Date Mar-15 Mar-16 Mar-17 Mar-18
Cash from Operating Activity -96.33 198.86 221.07 290.00
Cash from Investing Activity -163.05 199.31 -65.96 158.25
Cash from Financing Activity 372.01 -425.09 -132.99 -464.65
Net Cash Flow 112.63 -26.92 22.12 -16.40

PRICE: 1,120.75 877.50 1,370.85 1,923.35

DERIVED:
Adjusted Equity Shares in Cr 4.33 4.33 4.33 4.33
 PLEASE DO NOT MAKE ANY CHANGES TO THIS SHEET

Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24

6,025.67 7,594.56 9,558.34 13,099.73 13,644.77 13,767.48
4,632.50 6,353.88 7,796.87 11,045.04 11,569.41 11,269.67
159.61 283.85 67.03 278.32 194.01 -46.24
106.85 83.42 65.37 82.78 110.20 102.45
212.01 168.62 134.16 172.48 190.16 196.42
376.47 362.56 344.96 380.65 392.11 392.14
613.82 518.70 508.70 660.11 757.83 762.97
78.97 112.60 142.47 125.59 132.43 107.68
139.40 -4.42 418.61 36.56 52.75 75.78
147.09 180.86 173.92 170.57 182.08 191.21
85.11 83.45 37.57 17.47 13.91 15.53
71.86 9.90 839.96 759.92 543.40 758.95
-9.86 -12.97 287.35 165.08 140.51 195.60
81.72 22.87 552.61 594.84 402.89 563.35
21.64 12.99 43.29 25.97 34.63 64.94

Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24

3,706.60 3,326.26 3,359.97 3,966.90 4,247.72 3,758.67
3,472.71 3,113.78 3,114.25 3,654.47 4,046.81 3,588.20
15.98 26.51 24.70 35.81 18.36 19.12
47.44 48.80 48.26 46.77 45.12 47.61
2.16 2.79 2.75 4.82 2.95 4.24
200.27 187.40 219.41 296.65 171.20 137.74
51.17 47.34 57.90 76.07 43.26 34.16
149.10 140.06 161.51 220.58 127.94 103.58
233.89 212.48 245.72 312.43 200.91 170.47
 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24
43.29 43.29 43.29 43.29 43.29 43.29
1,369.60 1,200.69 1,742.86 2,292.79 2,657.89 3,180.29
912.21 821.74 285.86 121.52 105.85 156.07
1,524.38 2,764.17 3,072.10 3,652.33 3,757.60 3,853.31
3,849.48 4,829.89 5,144.11 6,109.93 6,564.63 7,232.96
956.98 964.92 817.10 762.96 792.89 758.74
42.24 23.07 53.29 100.10 18.77 61.48
0.01
2,850.26 3,841.90 4,273.72 5,246.87 5,752.97 6,412.73
3,849.48 4,829.89 5,144.11 6,109.93 6,564.63 7,232.96
1,040.67 1,421.02 2,059.21 2,621.31 2,344.53 2,521.93
1,212.63 1,553.30 1,536.39 1,942.62 2,217.22 2,116.05
13.21 99.89 173.12 126.22 367.19 624.28
43,285,640.00 43,285,640.00 43,285,640.00 43,285,640.00 43,284,958.00 43,284,958.00

10.00 10.00 10.00 10.00 10.00 10.00

Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24

-77.15 571.61 483.10 329.93 530.81 807.24
176.80 -21.11 181.86 -119.90 -199.13 -449.90
-94.97 -463.84 -591.80 -257.03 -90.69 -102.07
4.68 86.66 73.16 -47.00 240.99 255.27

1,480.55 1,125.25 2,069.75 3,092.90 2,275.60 3,337.05

4.33 4.33 4.33 4.33 4.33 4.33