BASF India (BASF) had a P/E of 22.1× on 6 Nov 2026, in line with the industry P/E of 22.1×, and the shares are 35% below their 52-week high. Its ROCE of 14% is the second-lowest among the 7 largest Specialty Chemicals peers, and sales and net profit grew 3.1% and 1.4% a year over 3 years. It has almost no debt, and its dividend yield is 0.8%. It is a small-cap company with a market cap of ₹12,785 Cr, ranked 19th of 204 Specialty Chemicals companies by market cap; the shares fell 33% over the past year.
- ₹2,970.50
- ₹2,988.40
- ₹2,922.10
- ₹2,970.50
- 22.9K
Health check
- ReturnsBehind
−33.3% over a year, better than 0 of 7 peers.
- Price tagIn line
P/E 22.1 vs industry 22.1.
- GrowthSlow
Sales +3.1%, profit +1.4% a year over 3 years.
- ProfitabilityWeak
ROCE 14.0% vs peer median 24.4%.
- Balance sheetSolid
Practically debt-free, Piotroski 6 of 9.
- Red flags2 to check
Quarterly profit down 42.4% on a year ago.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹12,785 Cr
- Small cap
- P/E
- 22.1
- Industry 22.1
- Price to book
- 2.97
- Peers 13.33
- Dividend yield
- 0.85%
- ROE
- 14.3%
- Peers 23.0%
- ROCE
- 14.0%
- Peers 24.4%
- Debt to equity
- 0.04
- Debt ₹176 Cr
- EPS (TTM)
- ₹133.70
- Face value ₹10
- OPM (TTM)
- 5.2%
- Net margin 3.5%
- Sales growth
- +24.0%
- Latest quarter vs a year ago
- Profit growth
- −42.4%
- Latest quarter vs a year ago
- Price to sales
- 0.75
- EV/EBITDA 14.1
Strengths and risks
Strengths
- Practically debt-free.
- Quarterly sales up 24.0% on a year ago.
Risks to check
- Quarterly profit down 42.4% on a year ago.
- 35% below its 52-week high.
About BASF India
BASF India Limited provides chemicals, materials, industrial solutions, nutrition and care, and agricultural solutions in India and internationally. The company's Agricultural Solution segment offers crop protection products, such as insecticides, herbicides, fungicides, and plant growth regulators, as well as seed treatment solutions. Its Materials segment offers performance materials, such as polyurethane, and engineering and specialty plastics; and…
- Headquarters
- Mumbai
- Employees
- 1,337
- Sector
- Basic Materials
- ISIN
- INE373A01013
- Website
- basf.com
Price range
- Avg volume (3M)
- 25.4K
- 1-year return
- minus 33.3%
- From 52-week high
- minus 35.2%
Peers · Specialty Chemicals
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ASIANPAINTAsian Paints | 2,546.00 | plus 0.88% | 2,44,025 | 50.5 | 35.0 | 24.4% | 18.9% | 0.21 | 1.1% | plus 1.5% |
| SOLARINDSSolar Industries India | 18,608.00 | plus 0.48% | 1,68,384 | 74.4 | 64.1 | 29.5% | 27.8% | 0.22 | 12.4% | plus 35.9% |
| PIDILITINDPidilite Industries | 1,579.00 | plus 1.63% | 1,60,827 | 60.0 | 44.4 | 28.5% | 23.5% | 0.03 | 7.4% | plus 6.8% |
| LINDEINDIALinde India | 6,859.00 | plus 8.73% | 58,496 | 118.4 | 64.2 | 16.3% | 31.5% | 0.23 | – | plus 5.4% |
| BERGEPAINTBerger Paints India | 478.35 | minus 5.28% | 55,776 | 45.4 | 29.4 | 20.6% | 15.3% | 0.15 | 4.2% | minus 6.0% |
| FLUOROCHEMGujarat Fluorochemicals | 4,665.50 | minus 0.94% | 51,251 | 75.9 | 44.0 | 9.6% | 24.1% | 0.26 | −4.5% | plus 28.0% |
| ACUTAASAcutaas Chemicals | 3,786.60 | plus 0.42% | 31,001 | 70.9 | 64.1 | 27.7% | 39.4% | 0.01 | 29.4% | plus 105.6% |
| BASFBASF India | 2,953.60 | minus 0.57% | 12,785 | 22.1 | 16.7 | 14.0% | 5.9% | 0.03 | 3.1% | minus 33.3% |
| Median of 7 peers | – | 0.48% | 58,496 | 70.9 | 44.4 | 24.4% | 24.1% | 0.21 | 5.8% | 6.8% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 3,893 | 3,859 | 3,439 | 4,820 | 4,827 | |
| 3,738 | 3,688 | 3,328 | 4,316 | 4,735 | |
| 155 | 170 | 111 | 504 | 91.5 | |
| 4.0% | 4.4% | 3.2% | 10.5% | 1.9% | |
| 24.8 | 10.7 | 11.2 | 22.3 | 33.3 | |
| 7.4 | 4.6 | 2.4 | 5.2 | 2.5 | |
| 36.9 | 34.1 | 36.5 | 41.2 | 39.1 | |
| 135 | 142 | 83.4 | 480 | 83.1 | |
| 25.7% | 25.6% | 24.8% | 27.6% | 25.7% | |
| 107 | 107 | 68.9 | 360 | 61.7 | |
| 24.80 | 24.60 | 16.00 | 83.30 | 14.30 |
Profit & loss
- Sales CAGR 3Y
- +3.1%
- Profit CAGR 3Y
- +1.4%
- EPS CAGR 3Y
- +1.4%
- ROE
- 14.3%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 13,628 | 13,751 | 14,768 | 14,930 | |
| – | +0.9% | +7.4% | +1.1% | |
| 12,866 | 12,807 | 13,975 | 14,210 | |
| 762 | 944 | 793 | 720 | |
| 5.6% | 6.9% | 5.4% | 4.8% | |
| −51.8 | 9.9 | 109 | −117 | |
| 13.9 | 15.5 | 15.4 | 19.1 | |
| 182 | 191 | 180 | 151 | |
| 28.8 | 11.7 | −53.7 | 128 | |
| 543 | 759 | 653 | 561 | |
| 25.9% | 25.8% | 25.8% | 25.8% | |
| 403 | 563 | 479 | 420 | |
| – | +39.8% | minus 15.0% | minus 12.3% | |
| 93.10 | 130.10 | 110.70 | 97.10 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 43.3 | 43.3 | 43.3 | 43.3 | |
| 2,658 | 3,180 | 3,591 | 3,914 | |
| 106 | 156 | 190 | 133 | |
| 3,758 | 3,853 | 4,638 | 4,346 | |
| 6,565 | 7,233 | 8,462 | 8,436 | |
| 810 | 825 | 904 | 907 | |
| 19.8 | 67.3 | 128 | 183 | |
| 14.9 | – | 1.5 | 8.1 | |
| 367 | 622 | 817 | 869 | |
| 5,354 | 5,719 | 6,613 | 6,468 | |
| 6,565 | 7,233 | 8,462 | 8,436 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 531 | 807 | 373 | −110 | |
| −199 | −450 | −114 | 379 | |
| −90.7 | −102 | −129 | −179 | |
| 241 | 255 | 131 | 89.4 | |
| −91.6 | −101 | −202 | −206 | |
| 439 | 706 | 171 | −316 | |
| −26 | −34.5 | −64.7 | −86.4 |
Shareholding pattern
- Promoters73.33%
- Public26.67%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 73.33% | 26.67% | 0.00 | |
| 30 Jun 2026 | 73.33% | 26.67% | 0.00 | |
| 31 Mar 2026 | 73.33% | 26.67% | 0.00 | |
| 31 Dec 2025 | 73.33% | 26.67% | 0.00 | |
| 30 Sep 2025 | 73.33% | 26.67% | – |
Major shareholders
Filings & events
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