X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2017 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
BASF - Views on News from Equitymaster
 
 
  • PRINT
  • E-MAIL
  • FEEDBACK
  • A  A  A
  • Jul 29, 2000

    BASF

    BASF India has reported a 26% growth in first quarter earnings on a 21% growth in the sales. One of the reasons for the improved performance is the higher sales of agrochemicals in the first quarter. This however is a seasonal business and sales drop by almost 20% in the second half. (The agrochemical business contributes around 32% to the company's annual turnover.)

    (Rs m) 1QFY00 1QFY01 Change
    Sales 879 1,067 21.4%
    Other Income 5.5 11.0 100.0%
    Expenditure 726 903 24.4%
    Operating Profit (EBDIT) 154 165 7.3%
    Operating Profit Margin (%) 17.5% 15.4%  
    Interest 38 31 -17.8%
    Depreciation 54 55 2.6%
    Profit before Tax 67 89 32.9%
    Other Adjustments - -  
    Tax 27 38 42.8%
    Profit after Tax/(Loss) 40 51 26.3%
    Net profit margin (%) 4.6% 4.8%  
    No. of Shares (eoy) (m) 24.2 24.2  
    Diluted number of shares 24.2 24.2  
    Diluted Earnings per share* 6.7 8.4  
    *(annualised)      

    The company has introduced super plasticisers for the building and construction industry (Tamol) and Stryonal (styrene butadex latex) for the paper industry. With both the businesses on the verge of a turnaround the products are expected to do well in the current year.

    The stock quotes at a price of Rs 92, near its three year low of Rs 75. The current stock price implies an earning multiple of 10.95 times its first quarter annualised earnings.

     

     

    Equitymaster requests your view! Post a comment on "BASF". Click here!

      
     

    More Views on News

    Tata Chem: Suspension of Haldia Operations Drag Bottomline Lower (Quarterly Results Update - Detailed)

    Aug 17, 2017

    Interruption at Haldia plant and fire at Lostock facility hits operations during the quarter.

    More Views on News

    Most Popular

    Demonetisation Barely Made Any Difference to Tax Collections(Vivek Kaul's Diary)

    Aug 7, 2017

    The data tells us quite a different story from the one the government is trying to project.

    A 'Backdoor' to Multibaggers: It's Like Investing in Asian Paints Ten Years Ago(The 5 Minute Wrapup)

    Aug 10, 2017

    Don't miss these proxy bets on growing companies or in a few years you will be looking back with regret.

    Should You Invest In Bharat-22 ETF? Know Here...(Outside View)

    Aug 8, 2017

    Bharat-22 is one of the most diverse ETFs offered so far by the Government. Know here if you should invest...

    Signs of Life in the India VIX(Daily Profit Hunter)

    Aug 12, 2017

    The India VIX is up 36% in the last week. Fear has gone up but is still low by historical standards.

    7 Financial Gifts For Your Sister This Raksha Bandhan(Outside View)

    Aug 7, 2017

    Raksha Bandhan signifies the brother-sister bond. Here are 7 thoughtful financial gifts for sisters...

    More
    Copyright © Equitymaster Agora Research Private Limited. All rights reserved.
    Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.

    LEGAL DISCLAIMER: Equitymaster Agora Research Private Limited (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA or Canada, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.

    SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.

    Equitymaster Agora Research Private Limited. 103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
    Telephone: +91-22-61434055. Fax: +91-22-22028550. Email: info@equitymaster.com. Website: www.equitymaster.com. CIN:U74999MH2007PTC175407
     

    Become A Smarter Investor In
    Just 5 Minutes

    Multibagger Stocks Guide 2017
    Get our special report, Multibagger Stocks Guide (2017 Edition) Now!
    We will never sell or rent your email id.
    Please read our Terms

    BASF INDIA SHARE PRICE


    Aug 18, 2017 (Close)

    TRACK BASF INDIA

    • Track your investment in BASF INDIA with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
    • Add To MyStocks

    BASF INDIA - NAVIN FLUORINE COMPARISON

    Compare Company With Charts

    COMPARE BASF INDIA WITH

    MARKET STATS