Manufactures and sells specialty chemicals and chemical intermediates across multiple segments in India, with FY26 consolidated revenue of Rs 14,944 crore. Materials is the largest segment at Rs 4,631 crore (30.9% of segment revenue), followed by Nutrition & Care (Rs 3,501 crore), Industrial Solutions (Rs 2,966 crore), Agricultural Solutions (Rs 1,944 crore) and Chemicals (Rs 1,848 crore). It operates 4 manufacturing sites and 14 offices, employs 2,989 people plus 1,104 workers, and serves over 5,000 customers across 19 Indian states and 35 countries. Two structural changes are underway: the Agricultural Solutions business has been approved for demerger into a separately listed entity (BASIL) with shareholders receiving one BASIL share per share held, and the Coatings subsidiary was sold to Carlyle group entities for Rs 230.16 crore, closing June 30, 2026. Capacity additions in progress include the Celasto expansion (commissioning end FY27) and a 5th dispersion line at Mangalore (commissioning end FY28, adding ~15% to national dispersion capacity). AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Materials (31%), Nutrition & Care (23%), Industrial Solutions (20%), Agricultural Solutions (13%), Chemicals (12%), Others (1%). Multi-segment specialty chemicals manufacturer with manufacturing footprint in India; subsidiary of BASF SE (52.75% holding), undergoing portfolio restructuring via the Ag demerger and Coatings divestment
| ₹ crore · consolidated | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 13,767 | 15,260 | 14,944 |
| EBITDA (ex other income) | 890 | 763 | 660 |
| margin % | 6.5 | 5.0 | 4.4 |
| Owners' profit | 563 | 479 | 0 |
| EPS, as reported (₹) | 130.10 | 110.70 | 97.10 |
| ROE % · ROCE % | 17.5 · 22.7 | 13.2 · 17.3 | 10.6 · 13.1 |
| Debt / equity (x) | 0.00 | 0.01 | 0.00 |
| Cash from operations | 807 | 373 | (110) |
| Capex | (101) | (202) | (206) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4,248 | 3,759 | 3,287 | 3,875 | 4,045 | 3,863 | 3,444 | 4,824 |
| Profit before tax | 171 | 138 | 41 | 188 | 144 | 142 | 83 | 480 |
| Net profit | 128 | 104 | 27 | 137 | 107 | 107 | 69 | 360 |
| EPS (₹) | 29.60 | 23.90 | 6.20 | 31.70 | 24.80 | 24.60 | 16.00 | 83.30 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Agricultural Solutions | 1,944 | 12.5 |
| Materials | 4,625 | 29.8 |
| Industrial Solutions | 2,946 | 19.0 |
| Nutrition & Care | 3,501 | 22.5 |
| Chemicals | 1,847 | 11.9 |
| Others | 82 | 0.5 |
| Surface Technologies - Discontinued Operations | 312 | 2.0 |
| Surface Technologies | 283 | 1.8 |
| Total, before eliminations | 15,539 | 100.0 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 26 Aug 2026 · BASF India gets 'Strong' ESG rating of 61 from Crisil | credit debt | medium | — | — |
| 26 Aug 2026 · Newspaper notice of NCLT hearing for BASF India agri solutions demerger | compliance | minimal | — | — |
| 18 Aug 2026 · BASF India 82nd AGM transcript: demerger update, INR25 dividend declared | investor communications | medium | — | — |
| 13 Aug 2026 · BASF India 82nd AGM: All 6 resolutions passed; Rs 25 final dividend declared | compliance | minimal | — | — |
| 12 Aug 2026 · BASF India 82nd agm presentation shows fy26 results and key portfolio updates | investor communications | medium | — | — |
| 6 Aug 2026 · BASF India publishes Q1 FY27 results in newspapers under SEBI rule | compliance | minimal | — | — |
| 4 Aug 2026 · BASF India to buy 14.18% stake in Clean Max Galapagos for captive solar power | strategic transactions | medium | — | — |
| 4 Aug 2026 · BASF India to close Care Chemicals plants at Dahej by end-2026 | capex operations | high | — | — |
| 4 Aug 2026 · BASF India Q1 FY27 results: profit jumps on subsidiary sale gain | results | high | — | — |
| 17 Jul 2026 · BASF India 82nd AGM on Aug 12, 2026 via video conferencing | compliance | minimal | — | — |
| 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 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|
| PIDILITE INDUSTRIES LTD | 1,59,479 | 60.2 | 14.43 | 42.3 | 22.4 | 28.0 | 14.9 | 28.6 |
| SRF LTD | 73,583 | 34.0 | 5.24 | 22.7 | 13.1 | 13.1 | 13.4 | 25.2 |
| GUJARAT FLUOROCHEM LTD | 52,514 | 85.7 | 6.64 | 41.5 | 7.3 | 8.7 | 13.5 | 27.7 |
| NAVIN FLUORINE INT. LTD | 43,836 | 55.4 | 11.03 | 39.5 | 16.7 | 16.4 | 23.0 | 37.5 |
| AETHER INDUSTRIES LIMITED | 22,229 | 94.3 | 9.05 | 60.4 | 8.9 | 11.4 | — | 33.8 |
| DEEPAK NITRITE LTD | 21,769 | 27.8 | 3.71 | 22.4 | 9.4 | 10.2 | 12.6 | 21.5 |
| ATUL LTD | 18,401 | 23.1 | 2.92 | 14.9 | 10.9 | 13.3 | 10.9 | 23.1 |
| AARTI INDUSTRIES LTD | 17,846 | 33.6 | 3.00 | 18.8 | 7.0 | 4.4 | 13.0 | 16.2 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 24.7 | 23.4 | 57 of 103 | 45% |
| P/B | 4.0 | 2.9 | 66 of 99 | 34% |
| ROCE | 12.7 | 10.3 | 44 of 108 | 60% |
| ROE | 10.6 | 8.1 | 44 of 101 | 57% |
| Debt / Equity | 0.0 | 0.2 | 3 of 101 | 84% |
| EBITDA margin | 10.9 | 15.5 | 70 of 99 | 30% |
| Revenue growth | 24.5 | 24.4 | 47 of 94 | 51% |
| Profit growth | 162.2 | 55.1 | 20 of 92 | 79% |
| Market cap | 15883 | 732 | 9 of 107 | 93% |
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| 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 |
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