Sector Alpha Week of 2026-09-11
Not SEBI Registered !! Not Investment advice !!
Sector Alpha — machine-written from the numbers · Data as of 2026-09-11

BASF India Ltd

BASF
Chemicals - Organic

BASF India Ltd's stock has fallen further than its earnings. EPS fell 12.3% in a year while the price moved −20.7%.

Biggest watch item: the price is not yet in a confirmed uptrend — timing risk, not thesis risk.

The price is in a downtrend (57 weeks in) while the P/E sits at the 0th percentile of its own 6-year range. Underneath, the last four quarters read improving — profit +162.8% year on year, and 73% of the last 3 years' profit arrived as cash. What settles it: the next one or two quarters of delivery.

Stage
Turning around
fundamental trajectory, 12 quarters
Price
₹3,662
−20.7% 1Y
P/E
25.7×
0th pctile
of its own 6-year range
Revenue (Jun 26)
₹4,824 Cr
+24.5% YoY
Profit (Jun 26)
₹360 Cr
+162.8% YoY
Operating margin
10.0%
+4.0 pp YoY
ROCE
15%
FY26
ROIC
19.2%
vs WACC 12.0% → +7.2 pp
Cash conversion
73%
of profit, last 3 FY
01 · Price story

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

BASF India Ltd trades at ₹3,662, in a downtrend and 57 weeks into that stage. That is −4.8% against its own 200-day average. It sits at 32% of a 52-week range of ₹3,286 to ₹4,462. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (1 week and counting).

Today the stock is in a downtrend — week 57 of stage 4, confirmed. At ₹3,662 it trades −4.8% versus its 200-day average and sits at 32% of its 52-week range (₹3,286–₹4,462).

Sep 26: ₹3,662 Weekly closing price (₹) with 50- and 200-day averages; shaded bands mark the price stage (grey base, green advance, amber top, red decline). 3-year window.
−4.8% versus the 200-day line, week 57 of stage 4
Price50-day avg200-day avg
S2S4S4₹8,775₹7,092₹5,409₹3,725₹2,042₹3,662₹3,847Sep 23Jun 24Mar 25Jan 26Sep 26
S2S4S4₹8,775₹7,092₹5,409₹3,725₹2,042₹3,662₹3,847Sep 23Mar 25Sep 26
Beating or trailing, week by week since 2016 Each cell is one week from 2016 to now (554 weeks): the stock's trailing 13-week return minus the NIFTY 500's, green ahead / red behind (±25% ramp). Grey cells are the 13-week warm-up or weeks where the NIFTY 500 reading is not held.
trailing 13-week return vs the NIFTY 500
Mar 16Sep 26

Against the market, two honest reads. Cumulative: over the last 10.5 years the stock moved +373% while the NIFTY 500 moved +267% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (1 week and counting; last ahead the week of 2026-09-04) — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

02 · Valuation

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

BASF India Ltd trades at 25.7× P/E, about the cheapest it has ever traded. Its long-run median P/E is 50.8×, measured across 5.8 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 25.7× is about the cheapest it has ever traded, against a long-run median of 50.8× measured over 5.8 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

P/E 25.7× vs a 50.8× long-run median P/E, weekly (left axis); earnings per share, trailing twelve months, weekly (right axis). 5.8-year window; loss-period spikes above 127× shown pinned at the top. The eps (ttm) bars are red where the reading is lower than the quarter before.
about the cheapest it has ever traded
P/EMedianEPS (TTM) (quarterly)
135.4×₹160106.0×₹12076.5×₹79.847.0×₹39.917.6×₹0.0×25.70×₹142Nov 20Apr 22Sep 23May 25Sep 26
135.4×₹160106.0×₹12076.5×₹79.847.0×₹39.917.6×₹0.0×25.70×₹142Nov 20Sep 23Sep 26
PEG 0.17 PEG ratio per quarter — the P/E divided by the earnings-growth rate. The dashed line marks 1.0: below it the growth is cheap against the multiple, above it the price already prices the growth in. Last 4 quarters.
below 1.0, the growth looks cheap against the multiple
PEGPEG = 1.0
1.1×0.8×0.6×0.3×0.1××0.17×Q1 FY26Q2 FY26Q4 FY26
1.1×0.8×0.6×0.3×0.1××0.17×Q1 FY26Q2 FY26Q4 FY26
P/E
25.7×
0th percentile of 6y
PEG
n/m
not derivable — 3-year earnings growth unavailable

Why the multiple sits where it does: over the past year annual EPS moved −12.3% against a −20.7% price move — earnings outran the price, pushing the multiple DOWN its own range.

The price move, decomposed: over 5y, of the +1.4%/yr price move, ~+23.5%/yr came from earnings growth and ~−22.1 pp from the multiple (compressing). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.

Put together: the multiple is low against its own past, so the story rests on the earnings line underneath it, not the multiple.

03 · What the price assumes

What the price assumes This reading works the multiple backwards. It asks one question: what yearly rate of profit growth is a buyer at the market price already paying for? The number is the growth rate that makes eleven years of profit — six years growing, then five fading — add up to that day's market price, once each year is discounted at 11% a year.

Solved at its 13 June 2026 price, BASF India Ltd was paying for profit growth of about 21.3% a year. Profit itself has compounded 11.8% a year over the past 20 years. Today the market pays 25.7× P/E, the 0th percentile of its own 6-year range.

What the two numbers say together. The multiple is low against its own past, and the growth the price is paying for is above what this company has actually delivered. A multiple that looks low because earnings fell is not the same thing as a low bar to clear.

How to hold this number: it is a reading of one day's price, taken on 13 June 2026, not a running figure — every other number on this page, the multiple included, is read off the live quote as of 11 September 2026. A higher price is paying for more growth and a lower price for less, so it moves whenever the price does, and this page does not restate it between measurements.

04 · Stage: Turning around

Stage: Turning around Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

BASF India Ltd reads as turning around on its fundamental arc. Turning around — EPS growth swung from −42.2% at the trough to +62.4%, a 2-quarter improving streak, ROCE holding at 14.6%. The read is built from 10 quarters across 4 curves, on full evidence.

Growth, year by year: revenue +1.1% in FY26, profit −12.3% Year-over-year growth per fiscal year, %: revenue (left axis); net profit and EPS (right axis — profit growth swings far wider). Zero line drawn. Turnaround-year spikes shown pinned (▲).
Revenue YoYProfit YoYEPS YoY
396%330%290%221%184%111%78%0.0%−28%−108%%%1.1%−12.3%FY06FY10FY26
396%330%290%221%184%111%78%0.0%−28%−108%%%1.1%−12.3%FY06FY10FY26
Three growth curves, twelve quarters Year-on-year growth of trailing-twelve-month revenue (left axis), profit and EPS (right axis — they swing far wider), % at each quarter-end. A missing point means that reading is not held for the quarter.
the trajectory the stage is read from · revenue rolling over, profit accelerating
RevenueProfitEPS
78%71%57%40%35%10%14%−20%−7.8%−51%%%6.5%62.4%62.4%Dec 20Dec 24Jun 26
78%71%57%40%35%10%14%−20%−7.8%−51%%%6.5%62.4%62.4%Dec 20Dec 24Jun 26
ROCE Trailing-twelve-month operating profit (before interest and tax) as a share of average capital employed — total assets minus current liabilities, the standard textbook basis, %.
the return curve, computed quarterly
ROCE
36%30%24%18%13%%14.6%Dec 20Mar 24Dec 24Sep 25Jun 26
36%30%24%18%13%%14.6%Dec 20Dec 24Jun 26
Revenue growth
Recovering
latest +6.5% · span −1.9% to +72.4%
Profit growth
Recovering
latest +62.4% · span −42.3% to +62.4%
EPS growth
Recovering
latest +62.4% · span −42.3% to +62.4%
ROCE
Stuck low
latest 14.6% · span 14.3%–34.0%

Why it matters: growth inflections are where re-ratings start — the curves say a turn is forming, so the question becomes whether the next quarters confirm it.

The latest quarter’s profit carries a one-off item larger than the operating base, so the profit curve is shown but does not vote in the stage call.

Compound annual growth rate (%) Compound annual growth rate over each window, %. Revenue, profit and EPS from fiscal-year figures; share price is the price CAGR over the same spans. A dash = that window is not held, or the base was a loss.
1yr3yr5yr10yr
Revenue+1.1%
Profit−12.3%
EPS−12.3%
Share price−20.7%+9.1%+1.4%+12.5%
Revenue YoY (Jun 26)
+24.5%
latest quarter vs a year ago
Profit YoY (Jun 26)
+162.8%
latest quarter vs a year ago
Revenue 10y
16.7%
long-run compound pace
05 · 4-Factor Sector Score

4-Factor Sector Score

52.7/100 — rank 9 of 20 in Chemicals - Organic · 94% evidence confidence

BASF India Ltd scores 52.7 out of 100 against the 20 companies it is compared with in Chemicals - Organic, ranking 9. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

The four contributions add to the total exactly: 20 + 10.7 + 14.3 + 7.7 = 52.7. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

06 · Revenue

Revenue Revenue is the top line: everything the company billed its customers in the period.

BASF India Ltd reported ₹4,824 Cr of revenue in the Jun 26 quarter, +24.5% year on year. That is the 3rd straight quarter of year-on-year growth. Over 20 years it has compounded at 16.7% a year. The last full year, FY26, came in at ₹14,944 Cr. The last four reported quarters add to ₹16,027 Cr.

FY26 revenue came in at ₹14,944 Cr (+1.1% on the year), capping 20 years at 16.7% compound. The latest quarter (Jun 26) printed ₹4,824 Cr, +24.5% year on year — the 3rd consecutive quarter of year-over-year growth.

FY26 revenue ₹14,944 Cr (+1.1% YoY) Revenue bars, ₹ Cr (left); YoY growth-% line (right). 9-year window. A bar is red when it is lower than the year before.
16.7% a year over 20 years
RevenueYoY growth
16.1k396%12.1k290%8.1k184%4.0k78%0−28%₹ Cr%₹14,9441.1%FY06FY10FY26
16.1k396%12.1k290%8.1k184%4.0k78%0−28%₹ Cr%₹14,9441.1%FY06FY10FY26
Jun 26: ₹4,824 Cr (+24.5% YoY) Quarterly revenue bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
3rd straight quarter of growth
Revenue (quarterly)YoY growth
5.2k27%3.9k18%2.6k8.1%1.3k−1.4%0−11%₹ Cr%₹4,82424.5%Dec 20Dec 24Jun 26
5.2k27%3.9k18%2.6k8.1%1.3k−1.4%0−11%₹ Cr%₹4,82424.5%Dec 20Dec 24Jun 26

Pace check: the last four quarters averaged +6.8% growth against the decade's 16.7% — the current year is running slower than its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew +6.5% over the last 4 quarters against +10.4%/yr over the last 8 — rolling over; TTM profit +62.4% vs +0.5%/yr — accelerating.

07 · Operating margin

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

BASF India Ltd's operating margin is 10.0% in the Jun 26 quarter, +4.0 percentage points against the same quarter a year ago. Across 9 fiscal years the operating margin has ranged 3.7% to 13.0%. The current quarter sits inside that band.

The latest quarter's operating margin is 10.0%, +4.0 pp against the same quarter a year ago. Across 9 fiscal years the operating margin has ranged 3.7%–13.0%.

Why the margin moved: operating margin went +4.9 pp year on year while gross margin went +2.6 pp — the gain came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.

FY26: 4.4% Operating margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 9-year window.
within a 3.7–13.0% band over 9 years
operating marginYoY change (pp)
14%3.0%11%0.5%8.3%−2.0%5.7%−4.5%3.0%−7.0%%%4.4%−0.5%FY06FY10FY26
14%3.0%11%0.5%8.3%−2.0%5.7%−4.5%3.0%−7.0%%%4.4%−0.5%FY06FY10FY26
Jun 26: 10.0% operating margin (+4.0 pp YoY) Quarterly operating margin, %, line (left); year-on-year change in the margin, in percentage points, line (right). Last 12 quarters. Operating profit as a share of revenue, per quarter.
Operating marginYoY change (pp)
11%4.8%8.2%2.0%5.8%−0.8%3.3%−3.5%0.8%−6.3%%%10%4%Dec 20Dec 24Jun 26
11%4.8%8.2%2.0%5.8%−0.8%3.3%−3.5%0.8%−6.3%%%10%4%Dec 20Dec 24Jun 26
08 · Net profit

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

BASF India Ltd earned ₹360 Cr of net profit in the Jun 26 quarter, +162.8% year on year. It is the 3rd consecutive quarter of growth. Full-year FY26 profit was ₹420 Cr. The 20-year compound rate is 11.8%. That is 7.5% of the quarter's revenue. The same quarter a year earlier earned ₹137 Cr.

Jun 26 profit was ₹360 Cr, +162.8% year on year — the 3rd consecutive quarter of growth. On the full year, FY26 printed ₹420 Cr (−12.3%), and the 20-year compound rate is 11.8%.

FY26 profit ₹420 Cr (−12.3% YoY) Net profit bars, ₹ Cr (left); YoY growth-% line (right). 9-year window. A bar is red when it is lower than the year before.
11.8% a year over 20 years
Net profitYoY growth
6082,542%4561,839%3041,136%152433%0−270%₹ Cr%₹420−12.3%FY06FY10FY26
6082,542%4561,839%3041,136%152433%0−270%₹ Cr%₹420−12.3%FY06FY10FY26
Jun 26: ₹360 Cr (+162.8% YoY) Quarterly net profit bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
3rd straight quarter of growth
Net profit (quarterly)YoY growth
389182%292111%19440%97−32%0−103%₹ Cr%₹360162.8%Dec 20Dec 24Jun 26
389182%292111%19440%97−32%0−103%₹ Cr%₹360162.8%Dec 20Dec 24Jun 26

Why profit moved: revenue contributed +24.5% and the margin +4.0 pp — the quarter was margin-led: most of the profit growth came from keeping more of each sale.

Pace comparison, last four quarters: profit +76.2% vs revenue +6.8%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.

09 · Cash flow — the router

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years 73% of BASF India Ltd's reported profit arrived as operating cash — most of the profit is real cash. In FY26 that was ₹−110 Cr of operating cash against ₹420 Cr of profit. After ₹156 Cr of capital spending, ₹−266 Cr was left as free cash.

FY26: operating cash of ₹−110 Cr against reported profit of ₹420 Cr, leaving free cash of ₹−266 Cr after ₹156 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 73% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

FY26: CFO ₹−110 Cr vs profit ₹420 Cr Operating cash flow and net profit by fiscal year, ₹ Cr; the line is free cash flow (CFO minus capital spending). 8-year window, annual resolution.
73% of 3-year profit arrived as cash
Operating cashNet profitFree cash
893582271−41−352₹ Cr₹−110₹420₹−266FY06FY09FY26
893582271−41−352₹ Cr₹−110₹420₹−266FY06FY09FY26
FY26: CFO = −26% of profit (three-year rate 73%) Operating cash as a share of net profit, per fiscal year, % (line). Dashed line = 100% — every unit of profit arriving as cash.
Conversion100%
216%151%86%21%−44%%−26%FY06FY09FY26
216%151%86%21%−44%%−26%FY06FY09FY26

Why conversion sits at 73%: the cash cycle tightened 20 days between FY08 and FY26 — cash that used to wait in the cycle now reaches the bank sooner.

Router verdict: no single sink dominates — the next section checks both the working-capital cycle and the capital spending.

10 · Where the cash goes

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

BASF India Ltd's cash conversion cycle runs 40 days in FY26, down from 60 days in FY08. Capital spending ran ₹513 Cr over the last 3 years. At FY26 sales of ₹14,944 Cr each day of that cycle holds about ₹40.9 Cr, so roughly ₹1,638 Cr sits inside the business at any moment.

FY26: debtors at 67 days, inventory at 77 days — roughly 2.5 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 40 days, tighter than FY08's 60.

The full loop: cash goes out to suppliers and production on day 0; stock waits 77 days to sell; customers pay about 67 days after that; and suppliers themselves are paid at 104 days — netting out to the 40-day cycle.

In money terms: at FY26 sales of ₹14,944 Cr, each day of the cycle holds about ₹40.9 Cr — so the 40-day loop keeps roughly ₹1,638 Cr sitting inside the business at any moment.

FY26: a 40-day cash cycle Debtor days, inventory days, payable days and the cash conversion cycle by fiscal year. 8-year window.
−20 days vs FY08
Cash cycleInventory daysDebtor daysPayable days
147113804612days40d77d67d104dFY06FY07FY09FY24FY26
147113804612days40d77d67d104dFY06FY09FY26

On the investment side: capital spending of ₹513 Cr over the last 3 fiscal years against ₹343 Cr of depreciation — building somewhat ahead of wear-and-tear. Capital work-in-progress stands at ₹160 Cr (FY26) — capacity paid for but not yet earning.

FY26: capex ₹156 Cr, work-in-progress ₹160 Cr Capital spending per fiscal year, ₹ Cr (bars); capital work-in-progress, ₹ Cr (line). Quarterly capital-spending history is not held for India — annual is the honest resolution.
steady investment
CapexWork-in-progress
242181121600₹ Cr₹156₹160FY07FY08FY09FY10FY26
242181121600₹ Cr₹156₹160FY07FY09FY26

The synthesis: neither the cycle nor the build-out is hoarding the cash — the machine is reasonably clean.

11 · Return on capital

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

BASF India Ltd earns a ROCE of 15% in FY26. Return on invested capital clears the cost of that capital by +7.2 percentage points, so growth here adds value rather than only size. The wiring behind it is 2.8% net margin on 1.77× asset turns.

FY26 ROCE is 15%.

Why the return is what it is — the wiring (FY26): 2.8% net margin × 1.77× asset turns × 2.13× balance-sheet leverage ≈ 10.6% on equity. Margin does its share; leverage is a meaningful part of the equation.

The capstone test — ROIC − WACC: 19.2% − 12.0% = a +7.2 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. A spread this wide means every rupee reinvested creates more than a rupee of value — the engine compounds.

FY26: ROCE 15% Return on capital employed by fiscal year, % (line); ROIC by fiscal year, % (line). 6-year window, dips included. Dashed line = the 12.0% cost of capital used on this page.
the full ladder
ROCEROIC (annual)WACC
29%25%20%15%11%%15%13.4%FY07FY09FY26
29%25%20%15%11%%15%13.4%FY07FY09FY26
Q4 FY26: ROCE 13.4% (TTM) vs WACC 12.0% Trailing-twelve-month ROCE and ROIC, per quarter, %; dashed line = the cost of capital. Last 12 quarters, put on a trailing-twelve-month basis and anchored to the annual figure.
ROCE (TTM)ROIC (TTM)WACC
30%24%19%14%9.2%%13.4%16.9%Q2 FY23Q3 FY24Q4 FY26
30%24%19%14%9.2%%13.4%16.9%Q2 FY23Q3 FY24Q4 FY26
12 · Debt

Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.

BASF India Ltd carries total debt of ₹133 Cr against shareholder equity of ₹3,957 Cr as of Mar 26, a debt-to-equity of 0.03 — effectively unlevered. On the annual view that ratio went from 0.05 in FY22 to 0.03 in FY26. The returns elsewhere on this page are therefore earned rather than borrowed.

Mar 26: total debt of ₹133 Cr against shareholder equity of ₹3,957 Cr — a debt-to-equity of 0.03. On the annual view, debt-to-equity went from 0.05 (FY22) to 0.03 (FY26). The returns on this page are earned, not borrowed.

FY26: debt ₹133 Cr at 0.03× equity Total debt by fiscal year, ₹ Cr (bars); debt-to-equity, × (line). 5-year window.
Total debtDebt-to-equity
2050.052×1540.046×1030.040×510.034×00.028×₹ Cr×₹1330.03×FY22FY24FY26
2050.052×1540.046×1030.040×510.034×00.028×₹ Cr×₹1330.03×FY22FY24FY26
Mar 26: debt ₹133 Cr, debt-to-equity 0.03 Total debt per quarter, ₹ Cr (bars); debt-to-equity, × (line). Last 12 quarters. India reports the full balance sheet half-yearly, so the intervening quarter carries the prior reading forward.
Total debt (quarterly)Debt-to-equity
2050.052×1540.046×1030.040×510.034×00.028×₹ Cr×₹1330.03×Dec 22Mar 24Mar 26
2050.052×1540.046×1030.040×510.034×00.028×₹ Cr×₹1330.03×Dec 22Mar 24Mar 26
13 · Ownership

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

No holder of BASF India Ltd moved a full percentage point over the last two years — the register is quiet. Domestic institutions moved +0.3 points over the same window, to 6.3%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Foreign institutions: +0.9 points over 8 quarters to 5.2%; Domestic institutions: +0.3 points over 8 quarters to 6.3%; Promoters: +0.0 points over 8 quarters to 73.3%.

Fiscal-year ends: promoters +0.0 pts from Mar 24 to Mar 26 Shareholding at each fiscal-year end (March quarter), % of the company. 3 year-ends held.
PromotersForeign inst.Domestic inst.Public
79%59%39%19%−1.4%%73.3%5.3%6.3%15.0%Mar 24Mar 25Mar 26
79%59%39%19%−1.4%%73.3%5.3%6.3%15.0%Mar 24Mar 25Mar 26
A quiet register: no holder moved a full point in two years Shareholding by holder class, % of the company, quarterly, last 13 quarters.
PromotersForeign inst.Domestic inst.Public
79%59%38%18%−2.6%%73.3%5.2%6.3%15.2%Jun 23Dec 24Jun 26
79%59%38%18%−2.6%%73.3%5.2%6.3%15.2%Jun 23Dec 24Jun 26
14 · Safety line

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

BASF India Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

15 · Related companies · Chemicals - Organic
CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1Valiant Organics LtdVALIANTORG 63.2/100Mixed-positive evidence87% evidence TURNING 24.4/35 Revenue 1.5% · PAT 100% · OPM change 6 pp 95% evidence 10.8/25 ROCE 5.5% · OPM 18% 95% evidence 11.0/20 P/E 22× · PEG — 50% evidence 17.0/20 RS sector 9.4% · RS bench 42.8% · 1Y 9.4%5 of 12 weeks ahead 100% evidence
Exact sum: 24.4 + 10.8 + 11 + 17 = 63.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2Foseco India LtdFOSECOIND 63.1/100Mixed-positive evidence87% evidence BREAKING OUT 19.5/35 Revenue 32.6% · PAT 20.5% · OPM change 5.2 pp 100% evidence 16.9/25 ROCE 17.4% · OPM 23% 100% evidence 11.5/20 P/E 44.8× · PEG 1.31 65% evidence 15.2/20 RS sector 24.1% · RS bench 21% · 1Y -4%6 of 10 weeks ahead 70% evidence
Exact sum: 19.5 + 16.9 + 11.5 + 15.2 = 63.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3Elantas Beck India LtdELANTAS 62.3/100Mixed-positive evidence76% evidence BREAKING OUT 26.3/35 Revenue 17.6% · PAT 33.1% · OPM change 10 pp 95% evidence 19.1/25 ROCE 21.2% · OPM 29% 76% evidence 6.3/20 P/E 64.8× · PEG — 50% evidence 10.6/20 RS sector -6.6% · RS bench 52.4% · 1Y 35.2%6 of 9 weeks ahead 70% evidence
Exact sum: 26.3 + 19.1 + 6.3 + 10.6 = 62.3 · Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression.
4OCCL LtdOCCLLTD 61.4/100Mixed-positive evidence60% evidence BREAKING OUT 26.5/35 Revenue 40.6% · PAT 100% · OPM change 7 pp 95% evidence 12.2/25 ROCE 13% · OPM 28% 76% evidence 11.5/20 P/E 10.4× · PEG — 15% evidence 11.2/20 RS sector — · RS bench 41.5% · 1Y —9 of 9 weeks ahead 25% evidence
Exact sum: 26.5 + 12.2 + 11.5 + 11.2 = 61.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5Shri Ahimsa Naturals LtdSHRIAHIMSA 61.0/100Thin evidence · provisional56% evidence LEADER 18.9/35 Revenue — · PAT — · OPM change -2 pp 26% evidence 18.0/25 ROCE 21.7% · OPM 28% 95% evidence 10.0/20 P/E 37.2× · PEG — 15% evidence 14.1/20 RS sector 22.9% · RS bench 58.3% · 1Y 113%12 of 12 weeks ahead 100% evidence
Exact sum: 18.9 + 18 + 10 + 14.1 = 61 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
6Indo Amines LtdINDOAMIN 60.6/100Mixed-positive evidence81% evidence BASING 22.3/35 Revenue 13.3% · PAT 24.2% · OPM change 3 pp 95% evidence 16.8/25 ROCE 19.9% · OPM 14% 95% evidence 14.0/20 P/E 11.3× · PEG — 50% evidence 7.5/20 RS sector -11.9% · RS bench 4.6% · 1Y -12.6%4 of 10 weeks ahead 70% evidence
Exact sum: 22.3 + 16.8 + 14 + 7.5 = 60.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
7Balaji Amines LtdBALAMINES 59.3/100Mixed-positive evidence82% evidence LEADER 26.4/35 Revenue 11.1% · PAT 41.6% · OPM change 10 pp 95% evidence 13.3/25 ROCE 11% · OPM 25% 76% evidence 7.0/20 P/E 36.1× · PEG — 50% evidence 12.6/20 RS sector 18.3% · RS bench 51.3% · 1Y 53.1%12 of 12 weeks ahead 100% evidence
Exact sum: 26.4 + 13.3 + 7 + 12.6 = 59.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
8Nitta Gelatin India LtdNITTAGELA 59.2/100Mixed-positive evidence72% evidence TURNING 18.8/35 Revenue 10.5% · PAT 24.1% · OPM change 4 pp 95% evidence 19.1/25 ROCE 27.7% · OPM 24% 95% evidence 9.7/20 P/E 14.4× · PEG — 50% evidence 11.6/20 RS sector — · RS bench 46.7% · 1Y —7 of 9 weeks ahead 25% evidence
Exact sum: 18.8 + 19.1 + 9.7 + 11.6 = 59.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
9BASF India Ltdthis pageBASF 52.7/100Mixed-positive evidence94% evidence BREAKING OUT 20.0/35 Revenue 6.5% · PAT 62.4% · OPM change 4 pp 100% evidence 10.7/25 ROCE 14.5% · OPM 10% 100% evidence 14.3/20 P/E 25.7× · PEG 1.62 100% evidence 7.7/20 RS sector -3.3% · RS bench -3.4% · 1Y -21.2%4 of 11 weeks ahead 70% evidence
Exact sum: 20 + 10.7 + 14.3 + 7.7 = 52.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
10GFL LtdGFLLIMITED 51.5/100Mixed-positive evidence72% evidence BREAKING OUT 23.9/35 Revenue 10.5% · PAT 100% · OPM change 1064 pp 71% evidence 7.8/25 ROCE 2.1% · OPM 28.2% 95% evidence 11.3/20 P/E 10.6× · PEG — 15% evidence 8.5/20 RS sector -14% · RS bench 12.9% · 1Y -2.6%7 of 12 weeks ahead 100% evidence
Exact sum: 23.9 + 7.8 + 11.3 + 8.5 = 51.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
11Laxmi Organic Industries LtdLXCHEM 49.5/100Mixed-negative evidence94% evidence BREAKING OUT 19.9/35 Revenue 5.5% · PAT 26% · OPM change 7.6 pp 100% evidence 8.4/25 ROCE 4.7% · OPM 12% 100% evidence 14.7/20 P/E 38.8× · PEG 1.14 100% evidence 6.5/20 RS sector -19.5% · RS bench 9.7% · 1Y -16.6%9 of 10 weeks ahead 70% evidence
Exact sum: 19.9 + 8.4 + 14.7 + 6.5 = 49.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
12Fine Organic Industries LtdFINEORG 45.6/100Mixed-negative evidence100% evidence BREAKING OUT 14.8/35 Revenue 7.1% · PAT 5.8% · OPM change 4 pp 100% evidence 17.6/25 ROCE 21.5% · OPM 25% 100% evidence 7.2/20 P/E 36.2× · PEG 2.7 100% evidence 6.0/20 RS sector -13.8% · RS bench 12.9% · 1Y 7.1%9 of 12 weeks ahead 100% evidence
Exact sum: 14.8 + 17.6 + 7.2 + 6 = 45.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
13Jyoti Resins and Adhesives LtdJYOTIRES 43.1/100Mixed-negative evidence69% evidence 9.7/35 Revenue 12.8% · PAT -11.1% · OPM change -13 pp 95% evidence 19.2/25 ROCE 36.5% · OPM 14% 76% evidence 10.8/20 P/E 16.2× · PEG — 15% evidence 3.4/20 RS sector -19.8% · RS bench -11.8% · 1Y -31.4%0 of 12 weeks ahead 70% evidence
Exact sum: 9.7 + 19.2 + 10.8 + 3.4 = 43.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
14Sigachi Industries LtdSIGACHI 41.5/100Mixed-negative evidence79% evidence BREAKING OUT 9.0/35 Revenue -9.6% · PAT 100% · OPM change -5.2 pp 71% evidence 7.2/25 ROCE 6.2% · OPM 13.6% 95% evidence 8.4/20 P/E 64.5× · PEG — 50% evidence 16.9/20 RS sector 6.2% · RS bench 38.7% · 1Y 20.6%11 of 12 weeks ahead 100% evidence
Exact sum: 9 + 7.2 + 8.4 + 16.9 = 41.5 · Decision use: Price leads the evidence: RS versus the benchmark is 38.7%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
15Shree Ganesh Remedies LtdSGRL 41.1/100Mixed-negative evidence76% evidence 6.6/35 Revenue -8.8% · PAT -29.4% · OPM change -6.3 pp 95% evidence 14.6/25 ROCE 14.1% · OPM 23.3% 76% evidence 7.1/20 P/E 54.8× · PEG — 50% evidence 12.8/20 RS sector 3.3% · RS bench 25.3% · 1Y 15.5%4 of 12 weeks ahead 70% evidence
Exact sum: 6.6 + 14.6 + 7.1 + 12.8 = 41.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
16Oriental Aromatics LtdOAL 36.0/100Mixed-negative evidence74% evidence BREAKING OUT 12.5/35 Revenue 13.5% · PAT -77.7% · OPM change -0.4 pp 95% evidence 4.3/25 ROCE 4.5% · OPM 7.6% 95% evidence 8.7/20 P/E 337× · PEG — 15% evidence 10.5/20 RS sector -8.7% · RS bench 66.9% · 1Y 57.7%10 of 10 weeks ahead 70% evidence
Exact sum: 12.5 + 4.3 + 8.7 + 10.5 = 36 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
17Fairchem Organics LtdFAIRCHEMOR 33.6/100Adverse evidence87% evidence BREAKING OUT 17.1/35 Revenue 0% · PAT 50% · OPM change 6 pp 95% evidence 6.0/25 ROCE 3.3% · OPM 10% 95% evidence 8.0/20 P/E 52× · PEG — 50% evidence 2.5/20 RS sector -26.6% · RS bench -3.9% · 1Y -22.2%11 of 12 weeks ahead 100% evidence
Exact sum: 17.1 + 6 + 8 + 2.5 = 33.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
18Gem Aromatics LtdGEMAROMA 24.4/100Adverse evidence65% evidence ASLEEP 1.8/35 Revenue -24.3% · PAT -80% · OPM change -13.6 pp 95% evidence 6.4/25 ROCE 3.4% · OPM 3.3% 95% evidence 8.5/20 P/E 772.2× · PEG — 15% evidence 7.7/20 RS sector — · RS bench -10.4% · 1Y -39.3%5 of 10 weeks ahead 25% evidence
Exact sum: 1.8 + 6.4 + 8.5 + 7.7 = 24.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
19Sacheerome LtdSACHEEROME 59.1/100Thin evidence · provisional41% evidence BREAKING OUT 17.3/35 Revenue — · PAT — · OPM change 1 pp 26% evidence 20.3/25 ROCE 35.7% · OPM 23% 95% evidence 9.7/20 P/E 40.1× · PEG — 15% evidence 11.8/20 RS sector — · RS bench 46.9% · 1Y 155.5%9 of 10 weeks ahead 25% evidence
Exact sum: 17.3 + 20.3 + 9.7 + 11.8 = 59.1 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
20Citurgia Biochemicals LtdCITURGIA 36.7/100Thin evidence · provisional27% evidence 11.8/35 Revenue — · PAT -68.2% · OPM change — 33% evidence 4.9/25 ROCE -2150% · OPM — 61% evidence 10.0/20 P/E — · PEG — 0% evidence 10.0/20 RS sector — · RS bench — · 1Y — 0% evidence
Exact sum: 11.8 + 4.9 + 10 + 10 = 36.7 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

16 · Frequently asked questions

Frequently asked questions

What is BASF India Ltd's share price today?

BASF India Ltd trades at ₹3,662, −20.7% over the past year. The company is valued at ₹15,849 Cr. The stock sits at 32% of its 52-week range of ₹3,286–₹4,462, −4.8% versus its 200-day average. On the tape, the price is in a downtrend, 57 weeks in. — as of 11 September 2026.

What were BASF India Ltd's latest quarterly results?

BASF India Ltd reported revenue of ₹4,824 Cr and net profit of ₹360 Cr for the Jun 26 quarter. Revenue rose 24.5% and profit rose 162.8% year on year. Earnings per share were ₹83.24. The operating margin was 10.0%, 4.0 pp higher than a year earlier. — as of 11 September 2026.

What is BASF India Ltd's revenue?

BASF India Ltd reported revenue of ₹4,824 Cr in the Jun 26 quarter, +24.5% year on year. For the full FY26 fiscal year, revenue was ₹14,944 Cr (+1.1%). Over the last 20 years revenue compounded at 16.7% a year. — as of 11 September 2026.

What is BASF India Ltd's profit?

BASF India Ltd earned ₹360 Cr of net profit in the Jun 26 quarter, +162.8% year on year — the 3rd straight quarter of growth. Full-year FY26 profit was ₹420 Cr. The operating margin ran 10.0% in the latest quarter. — as of 11 September 2026.

What is BASF India Ltd's market cap?

BASF India Ltd's market capitalisation is ₹15,849 Cr at a share price of ₹3,662. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 11 September 2026.

What is BASF India Ltd's P/E ratio?

BASF India Ltd trades at a P/E of 25.7×, at the cheapest it has been in 6 years, against a long-run median of 50.8×. This is a comparison with the stock's own history, not a value call — as of 11 September 2026.

Does BASF India Ltd pay a dividend?

Yes — BASF India Ltd's dividend payout was 26% of profit in FY26, and it recorded a payout in each of its last 9 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 11 September 2026.

Is BASF India Ltd overvalued?

On its own history, BASF India Ltd looks cheap: its P/E of 25.7× has been cheaper only 0% of the time in 6 years (long-run median 50.8×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 11 September 2026.

Is BASF India Ltd growing?

Yes — BASF India Ltd is growing: latest-quarter revenue +24.5% year on year, profit +162.8%, and the margin +4.0 pp at 10.0%. The 20-year compound rates are 16.7% (revenue) and 11.8% (profit). The earnings engine currently reads: improving — as of 11 September 2026.

How is BASF India Ltd performing?

BASF India Ltd is in a downtrend, 57 weeks in. Its latest quarter's revenue rose 24.5% and profit rose 162.8% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 1 week. This describes what the data did, not a rating. — as of 11 September 2026.

What stage is BASF India Ltd in?

Turning around — EPS growth swung from −42.2% at the trough to +62.4%, a 2-quarter improving streak, ROCE holding at 14.6%. The read comes from the last 12 quarters of growth (revenue growth +6.5% latest, profit growth +62.4% latest, eps growth +62.4% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 11 September 2026.

Is BASF India Ltd in an uptrend?

No — the price is in a downtrend (week 57 of stage 4), trading −4.8% versus its 200-day average and at 32% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 11 September 2026.

Is BASF India Ltd beating the market?

Not lately — on a trailing-13-week view BASF India Ltd is currently behind the NIFTY 500 (1 week and counting; last ahead the week of 2026-09-04), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.5 years the stock moved +373% against the NIFTY 500's +267% — ahead of the index over the full window. — as of 11 September 2026.

Will BASF India Ltd's share price go up?

This page publishes no price forecast for BASF India Ltd. What it measures instead: the share price is ₹3,662, the price is in a downtrend 57 weeks in. Its P/E of 25.7× sits at the 0th percentile of its own 6-year range. — as of 11 September 2026.

Who owns BASF India Ltd?

Promoters hold 73.3% of BASF India Ltd, foreign institutions 5.2%, domestic institutions 6.3% and the public 15.2% (latest quarter). No holder moved a full point over the last two years — the register is quiet. — as of 11 September 2026.

Does BASF India Ltd have too much debt?

No — BASF India Ltd's debt-to-equity is 0.03, and operating profit covers the interest bill 35×. FY26 borrowings were ₹133 Cr against equity of ₹3,957 Cr. The returns on this page are earned, not borrowed — as of 11 September 2026.

What is BASF India Ltd's capex?

BASF India Ltd spent ₹513 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹156 Cr, with ₹160 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 11 September 2026.

What is BASF India Ltd's cash flow?

BASF India Ltd consumed ₹110 Cr of operating cash in FY26 — cash flowed out rather than in (free cash flow: ₹−266 Cr). Operating cash was negative while the company reported a profit of ₹420 Cr. Cash-flow resolution for India is annual. — as of 11 September 2026.

Is BASF India Ltd's profit real cash?

Mostly — over the last 3 fiscal years, 73% of BASF India Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹−110 Cr against reported profit of ₹420 Cr. The cash then goes into a mix of the working-capital cycle and capacity. Cash-flow resolution is annual — as of 11 September 2026.

Where is BASF India Ltd in its business cycle?

BASF India Ltd's FY26 operating margin was 4.4%, against a 9-year band of 3.7%–13.0%: the low end of its own band, which is where recoveries start when they come. The latest quarter ran 10.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 11 September 2026.

What growth does BASF India Ltd's price assume?

At its price on 13 June 2026, BASF India Ltd was priced for profit growth of about 21.3% a year. Profit itself has compounded 11.8% a year over the past 20 years. The figure reads the multiple backwards: the growth a buyer at that price was already paying for. — as of 11 September 2026.

What could break the BASF India Ltd story?

Biggest watch item: the price is not yet in a confirmed uptrend — timing risk, not thesis risk. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 11 September 2026.

Is BASF India Ltd a stock worth studying right now?

This is not investment advice. The machine read: BASF India Ltd's stock has fallen further than its earnings. EPS fell 12.3% in a year while the price moved −20.7%. The sharpest open question: the next one or two quarters of delivery. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 11 September 2026.

Sector Alpha — machine-written from the numbers · Data as of 2026-09-11. Every chart on this page is drawn by deterministic code from the raw series — no forecasts, no price opinions, and nothing here is investment advice.

Not SEBI Registered !! Not Investment advice !!

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