BASF LTD - Q2 FY21 RESULTS REVIEW

 

BASF LTD

Q2 FY21 RESULTS REVIEW

 

 

COMPANY OVERVIEW    

                          

BASF India Ltd is engaged in manufacturing & marketing of Styropor, tanning agents, leather chemicals and auxiliaries, crop protection chemicals, textile chemicals, dispersions and specialty chemicals, plastics, automotive and coil coatings, catalysts, construction chemicals, polystyrene and polyurethane systems.

Chemicals manufactured by the company cater the needs of various industries such as leather, textile, paper, paints, construction, carpets, cosmetics, plastics, pharmaceutical, packaging and insulation.

The company is also in the business activities of Chemicals, Functional Solutions, Performance Products, Agricultural Solutions

                          

MANAGEMENT                

Pradip P Shah             Chairman & Ind.Director

Narayan Krishnamohan      Managing Director

 

BASF India (in Rs. Cr.)	Sep '20	Jun '20	Sep '19	YOY	QOQ
Total Income	2,396	1770	2,074	15.5	35.38
Raw Materials	684.28	483.57	1,036.64	-33.99	41.51
Purchase of Traded Goods	1,045.00	997.17	632.83	65.13	4.8
Increase/Decrease in Stocks	242.59	29.43	32.05	656.91	724.29
Employees Cost	77.56	95.6	90.32	-14.13	-18.87
depreciat	43.01	42.74	45.6	-5.68	0.63
Other Expenses	188.67	148.73	206.43	-8.6	26.85
P/L Before Other Inc. , Int., Excpt. Items & Tax	114.69	-27.54	30.46	276.53	-516.45
Other Income	2.61	1.98	6.26	-58.31	31.82
P/L Before Int., Excpt. Items & Tax	117.3	-25.56	36.72	219.44	-558.92
Interest	8.55	12.24	22.64	-62.23	-30.15
P/L Before Exceptional Items & Tax	108.75	-37.8	14.08	672.37	-387.7
Exceptional Items	423.61	--	-10.97	-3962
P/L Before Tax	532.36	-37.8	3.11	17018	-1508
Tax	121.38	-8.65	0.79	15264.56	-1503.24
Net Profit/(Loss)	411	-29	2.32	17615	-1510
Equity Share Capital	43.29	43.29	43.29	0	0
Basic EPS	94.9	-6.7	0.5	18880	-1516.42

 

MP  1492     

PE   3.930453109

VOLUME 65,501  

52 Wk L/H     795 1870

Annual Results	Mar-20	Mar-19	Mar-18	Mar-17	Mar-16
Sales	7,551	6,025	5,583	5,073	4,747
Other Income	27	13	22	11	2
Total Income	7,578	6,039	5,606	5,084	4,750
Total Expenditure	7,490	5,882	5,232	4,955	4,632
EBIT	88	156	373	129	117
Interest	83	85	112	141	148
Tax	-13	-9	14	1	0
Net Profit	18	81	246	-14	-30

 

CASH FLOWS	Mar-20	Mar-19	Mar-18	Mar-17	Mar-16
Operating Activities	553	-77	290	221	198
Investing Activities	-22	176	158	-65	199
Financing Activities	-463	-94	-464	-132	-425
Others	0	0	0	0	0
Net Cash Flow	67	4	-16	22	-26

 

HISTORICAL PRICES	THEN	NOW	DIFF
3 YRS BEFORE	1721.05	1495.5	-13.11
2YR BEF	1631	1495.5	-8.31
1YR BEF	1020	1495.5	46.62
3M BEF	1400	1495.5	6.82

 

Type	Dividend%	Ex-Dividend date
Final	30	Jul 22, 2020
Final	30	Jul 04, 2019
Special	20	Jul 04, 2019
Final	30	Jul 26, 2018
Final	10	Sep 20, 2017

 

Share Holding Pattern in (%)
Standalone	Sep-20	Mar-20	Dec-19	Sep-19
Promoters	73.33	73.33	73.33	73.33
Pledged	0	0	0	0
FII/FPI	1.47	3.55	2.21	2.05
Total DII	12.1	10.57	11.82	11.81
Fin.Insts	0.01	0.05	0.04	0.04
Insurance Co	5.1	6	6	5.98
MF	2	1.63	3.02	2.93
Others DIIs	4.99	2.89	2.76	2.86
Others	13.1	12.55	12.63	12.81
Total	100	100	99.99	100

 

Per Share Ratios	Mar-20	Mar-19	Mar-18	Mar-17	Mar-16
Basic EPS (Rs.)	4.3	18.9	56.9	-3.3	-7
Diluted Eps (Rs.)	4.3	18.9	56.9	-3.3	-7
Book Value [Excl. Reval Reserve]/Share (Rs.)	320.17	326.38	310.44	254.62	257.8
Dividend/Share (Rs.)	3	5	3	1	1
Face Value	10	10	10	10	10
Margin Ratios	Mar-20	Mar-19	Mar-18	Mar-17	Mar-16
Gross Profit Margin (%)	3.98	2.95	6.6	5.54	2.28
Operating Margin (%)	1.59	0.51	3.85	2.21	-1.14
Net Profit Margin (%)	0.24	1.35	4.41	-0.27	-0.63
Return Ratios	Mar-20	Mar-19	Mar-18	Mar-17	Mar-16
Return on Networth / Equity (%)	1.33	5.78	18.34	-1.28	-2.72
ROCE (%)	7	1.73	12.12	5.8	-1.43
Return On Assets (%)	0.4	2.12	6.4	-0.36	-0.8
Liquidity Ratios	Mar-20	Mar-19	Mar-18	Mar-17	Mar-16
Current Ratio (X)	1.17	1.26	1.21	1.27	1.34
Quick Ratio (X)	0.65	0.68	0.72	0.8	0.85
Leverage Ratios	Mar-20	Mar-19	Mar-18	Mar-17	Mar-16
Debt to Equity (x)	0.35	0.62	0.37	0.96	1.21
Interest Coverage Ratios (%)	1.44	0.36	1.91	0.79	-0.37
Turnover Ratios	Mar-20	Mar-19	Mar-18	Mar-17	Mar-16
Asset Turnover Ratio (%)	164.55	156.45	145.16	130.94	125.7
Inventory Turnover Ratio (X)	5.05	4.97	5.48	5.51	5.88
Valuation Ratios	Mar-20	Mar-19	Mar-18	Mar-17	Mar-16
P/E (x)	0	16.97	4.39	-88.91	-27.75
P/B (x)	3.51	4.52	6.15	5.36	3.39
EV/EBITDA (x)	17.53	40.69	23.72	24.67	47.15
P/S (x)	0.64	1.06	1.48	1.16	0.8
Growth Ratios	Mar-20	Mar-19	Mar-18	Mar-17	Mar-16
3 Yr CAGR Sales (%)	14.17	8.27	5.87	4.63	6.4
3 Yr CAGR Net Profit (%)	9.42	39.09	54.45	-52.01	-35.67