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Creditable results from BASF

Jun 20, 2000

Despite a tough year BASF India, the 51% subsidiary of BASF AG, has declared good results. While the turnover has increased by 11%, it is the pre–tax profit, which has shown a sizeable improvement from 6.34% in FY99 to 8.79% in FY2000.

(Rs m) FY1999 FY2000 Change
Sales 3,418 3,797 11.1%
Other Income 38 42 11.9%
Expenditure 2,867 3,164 10.4%
Operating Profit (EBDIT) 551 633 14.8%
Operating Profit Margin (%) 16.1% 16.7%  
Interest 168 125 -25.3%
Depreciation 204 215 5.4%
Profit before Tax 217 334 54.3%
Other Adjustments      
Tax 37 135 268.5%
Profit after Tax/(Loss) 180 200 10.9%
Net profit margin (%) 5.3% 5.3%  
Earnings per share 7.5 8.3  

BASF India is primarily engaged in the leather and textile chemicals (which contribute around 40% to the company’s turnover), pesticides (32%), specialty chemicals (14%) and plastics (11%). Over the last two years the company has also introduced super plasticizers for the building and the construction industry (Tamol) and Styronal (Styrene butadex latex) for the paper indusry. With both the industries on the verge of a turnaround, the demand for these products should improve in the current year.

The stock quotes at Rs 93 near its three–year low of Rs 75. This implies an earning multiple of 11.3 times.


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More Views on News

BASF INDIA Announces Quarterly Results (4QFY20); Net Profit Down 53.2% (Quarterly Result Update)

May 27, 2020 | Updated on May 27, 2020

For the quarter ended March 2020, BASF INDIA has posted a net profit of Rs 404 m (down 53.2% YoY). Sales on the other hand came in at Rs 18 bn (up 40.3% YoY). Read on for a complete analysis of BASF INDIA's quarterly results.

BASF INDIA Announces Quarterly Results (2QFY20); Net Profit Down 75.3% (Quarterly Result Update)

Nov 14, 2019 | Updated on Nov 14, 2019

For the quarter ended September 2019, BASF INDIA has posted a net profit of Rs 23 m (down 75.3% YoY). Sales on the other hand came in at Rs 21 bn (up 23.8% YoY). Read on for a complete analysis of BASF INDIA's quarterly results.

BASF INDIA 2018-19 Annual Report Analysis (Annual Result Update)

Jun 24, 2019 | Updated on Jun 24, 2019

Here's an analysis of the annual report of BASF INDIA for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of BASF INDIA. Also includes updates on the valuation of BASF INDIA.

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