BSE: 524687
BASANT AGRO TECH (INDIA) LTD.
Manufactures fertilizers, agricultural seeds, and the surfactant chemical Linear Alkyl Benzene Sulphonic Acid (LABSA), reporting revenue across four segments: Fertilizers, Seeds, LABSA, and Others. Fertilizers is the largest revenue contributor, while Seeds shows strong seasonal revenue particularly in the April-September quarter, with both segments contributing the bulk of the EBIT. LABSA, an intermediate chemical used by detergent makers, saw Q2 FY26 sales more than double year-on-year. FY26 revenue from operations reached Rs 56,799 lakh, up 22.7% from Rs 46,274 lakh in FY25, while profit after tax rose 68.2% to Rs 701.04 lakh from Rs 416.60 lakh. EBITDA margin compressed to 5.54% from 6.15% as expenses grew faster than revenue. The business is working-capital intensive, with inventory rising to Rs 21,749 lakh (from Rs 15,527 lakh) and current borrowings climbing to Rs 15,217 lakh (from Rs 9,353 lakh); operating cash flow swung to negative Rs 3,438 lakh from positive Rs 4,389 lakh. Materials are the dominant cost at 80.4% of revenue, with employees at 3.3% and other operating expenses at 15.6%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Fertilisers, Seeds, LABSA, Others. Cyclical, working-capital-heavy agri-inputs and commodity chemicals business
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 448 | 549 | 405 | 463 | 568 |
| EBITDA (ex other income) | 30 | 36 | 25 | 28 | 31 |
| margin % | 6.8 | 6.5 | 6.1 | 6.0 | 5.5 |
| Owners' profit | 19 | 18 | 4 | 4 | 7 |
| EPS, as reported (₹) | 2.09 | 0.65 | 0.43 | 0.46 | 0.77 |
| ROE % · ROCE % | 12.4 · 14.4 | 10.8 · 15.0 | 2.3 · 9.3 | 2.3 · 9.6 | 3.8 · 10.7 |
| Debt / equity (x) | 0.47 | 0.72 | 0.88 | 0.72 | 1.00 |
| Cash from operations | (10) | (20) | (13) | 44 | (34) |
| Capex | (23) | (21) | (5) | (4) | (7) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 165 | 84 | 81 | 133 | 176 | 282 | 123 | 163 |
| Profit before tax | 3 | 0 | 0 | 4 | 3 | 4 | 1 | 5 |
| Net profit | 2 | — | 0 | 1 | 3 | 4 | 1 | 2 |
| EPS (₹) | 0.25 | 0.04 | 0.04 | 0.13 | 0.28 | 0.39 | 0.14 | 0.24 |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Fertilisers | 256 | 33.3 |
| Seeds | 232 | 30.2 |
| LABSA | 96 | 12.5 |
| Others | 32 | 4.1 |
| Fertilizers | 152 | 19.9 |
| Total, before eliminations | 767 | 100.0 |
Exhibit 4: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| COROMANDEL INTERNTL. LTD | 50,253 | 27.4 | 3.83 | 14.5 | 14.5 | 18.6 | 17.2 | 9.9 |
| FACT LTD | 43,930 | 1578.8 | 31.95 | 135.4 | 1.8 | 1.8 | — | (0.2) |
| CHAMBAL FERTILIZERS LTD | 14,451 | 7.5 | 1.39 | 5.4 | 18.8 | 20.7 | 10.3 | 17.5 |
| PARADEEP PHOSPHATES LTD | 14,327 | 13.4 | 2.11 | 9.2 | 14.7 | 16.5 | — | 12.5 |
| MADHYA BHARAT AGRO P. LTD | 7,399 | 11.5 | 13.46 | — | 27.3 | 16.6 | — | 17.1 |
| KRISHANA PHOSCHEM LIMITED | 6,708 | 8.4 | 11.96 | — | 32.1 | 30.2 | — | 17.9 |
| GUJ STATE FERT & CHEM LTD | 5,459 | 7.9 | 0.44 | 5.0 | 5.5 | 6.5 | 7.5 | 7.4 |
| RASHTRIYA CHEMICALS & FER | 5,327 | 11.9 | 1.04 | 7.8 | 8.3 | 8.2 | 17.4 | 7.1 |
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 9.8 | 10.7 | 10 of 20 | 53% |
| P/B | 0.5 | 0.9 | 6 of 23 | 77% |
| ROCE | 4.6 | 8.8 | 17 of 23 | 27% |
| ROE | 3.8 | 8.3 | 17 of 23 | 27% |
| Debt / Equity | 1.0 | 0.3 | 17 of 23 | 27% |
| EBITDA margin | 5.7 | 8.0 | 17 of 21 | 20% |
| Revenue growth | 22.9 | 16.3 | 8 of 21 | 65% |
| Profit growth | 91.7 | 6.4 | 4 of 23 | 86% |
| Market cap | 93 | 805 | 17 of 23 | 27% |
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 17 Oct 2026 · Basant Agro Tech board meet on Oct 30 to approve Q2 results | results | low | — | — |
| 17 Oct 2026 · Quarterly compliance certificate filed for quarter ended September 2026 | compliance | minimal | — | — |
| 1 Oct 2026 · AGM 2026: All 5 resolutions passed, 5 percent dividend declared | board shareholder meetings | low | — | — |
| 1 Oct 2026 · Trading window closed ahead of Q2 and H1 FY26 results | compliance | minimal | — | — |
| 30 Sept 2026 · AGM held; resolutions on dividend, accounts, and auditor reappointment put to vote | board shareholder meetings | low | — | — |
| 8 Sept 2026 · AGM Notice and E-Voting Details Published in Newspapers | compliance | minimal | — | — |
| 5 Sept 2026 · FY26 Annual Report: Turnover up 25% to Rs 587 cr, PAT at Rs 7 cr | compliance | low | — | — |
| 4 Sept 2026 · Notice of 36th AGM on 30 Sep 2026 | board shareholder meetings | low | — | — |
| 6 Aug 2026 · Book closure withdrawn for dividend; record date fixed at 23 Sept 2026 | corporate actions | medium | — | — |
| 4 Aug 2026 · Record date fixed for dividend eligibility - 23 Sep 2026 | corporate actions | medium | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.