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Indian subsidiary of Germany's BASF, selling chemicals, agricultural solutions, coatings and performance materials.
Indian subsidiary of Germany's BASF, selling chemicals, agricultural solutions, coatings and performance materials.
Markets products from its German parent plus some made locally, reaching farmers through distributor and dealer networks and selling industrial chemicals to manufacturers and construction firms. BASF SE holds a majority stake. The crop-protection side is seasonal, following the monsoon.
Moat: narrow (brand, IP / patents). Access to parent BASF's global R&D and product range, but competes across many fragmented Indian chemical sub-markets.
Headquarters: Mumbai, India · Founded: 1943 · Employees: 4,093
Size BASF India (BASF.NS) is an India Materials company (Chemicals: Specialty) with a market value of $1.35B, the 500th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹2,954 on 6 Nov 2026.
Performance Over six months the shares fell 23.4%, against -21.0% for the median peer and 0.0% for the India market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue grew 13.3% over the last twelve months (peer median +15.6%); the operating margin is 4.3% (peer median 8.7%).
Valuation It trades at 17.4× forward earnings against a peer median of 19.2× (8th cheapest of 17).
Capital Return on invested capital runs 1.7 points below its cost of capital (15.6% WACC).
Next results Next results expected around 17 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹170B | ₹149B | ₹148B | ₹138B | ₹136B |
| Revenue growth | — | +1% | +7% | +1% | — |
| Gross profit | ₹21.6B | ₹16.4B | ₹15.2B | ₹15.8B | ₹14.0B |
| EBITDA | ₹8.78B | ₹7.21B | ₹7.94B | ₹9.48B | ₹7.70B |
| Net income | ₹5.98B | ₹4.20B | ₹4.79B | ₹5.63B | ₹4.03B |
| Free cash flow | n/a | -₹3.05B | ₹2.21B | ₹7.43B | ₹4.46B |
| Capital expenditure | n/a | ₹2.06B | ₹2.02B | ₹1.01B | ₹916M |
| Total debt | ₹1.76B | ₹1.33B | ₹1.90B | ₹1.56B | ₹1.06B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| BASF India BASF.NS | $1.35B | -23% | +13% | 4% | 17.4× | n/a |
| Bayer Cropscience India BAYERCROP.NS | $1.58B | -28% | -5% | 15% | 19.5× | 16.1% |
| AARTI Industries AARTIIND.NS | $1.71B | -9% | +40% | 9% | 29.1× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | BASF.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -14.5% | -11.7% | 9th lowest of 21 |
| 6-month return | -23.4% | -21.0% | 9th lowest of 21 |
| Distance from 52-week high | -35.2% | -46.7% | 6th highest of 21 |
| Revenue growth (TTM) | +13.3% | +15.6% | 10th lowest of 21 |
| Operating margin | 4.3% | 8.7% | 8th lowest of 21 |
| Forward P/E | 17.4× | 19.2× | 8th cheapest of 17 |
| ROIC minus cost of capital | -1.7 pp | -2.2 pp | 7th highest of 21 |
| EV / EBITDA | 14.1× | 10.8× | 2nd most expensive of 6 |
| Net debt / EBITDA | -0.4× | 1.1× | 2nd least indebted of 7 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| BASF India BASF.NS | India | $1.35B | -23% | +13% | 4% | 17.4× | n/a | n/a |
| Wankai New Materials 301216.SZ | China | $1.35B | -48% | +5% | 4% | 8.3× | n/a | n/a |
| GCH Technology 688625.SS | China | $1.38B | -32% | +8% | 18% | 19.2× | 27.6% | +16.3% |
| Jiangyin Jianghua Micro-electronics Materials 603078.SS | China | $1.33B | -7% | +18% | 7% | 79.3× | 32.0% | +17.0% |
| COFCO Biotechnology 000930.SZ | China | $1.32B | -21% | -9% | -2% | n/a | n/a | n/a |
| Global New Material International 6616.HK | Hong Kong | $1.32B | -3% | +165% | 0% | 14.1× | n/a | n/a |
| Dawei Technology (Guangdong) 600589.SS | China | $1.32B | -38% | +29% | -10% | n/a | n/a | n/a |
| Guangdong Guanghua Sci-Tech 002741.SZ | China | $1.40B | -9% | +61% | 4% | 58.4× | n/a | n/a |
| Shandong Dawn Polymer 002838.SZ | China | $1.40B | -35% | +31% | 6% | 19.3× | n/a | n/a |
| Shenzhen Rongda Photosensitive & Technology 300576.SZ | China | $1.40B | -31% | +14% | 10% | n/a | n/a | n/a |
| REX American Resources REX | United States | $1.31B | -21% | +6% | 15% | 26.2× | -3.8% | +11.7% |
| Industrie De Nora DNR.MI | Italy | $1.31B | -23% | -2% | 14% | 16.0× | n/a | n/a |
| Beijing Haixin Energy Technology 300072.SZ | China | $1.30B | -20% | +61% | -9% | 121.7× | n/a | n/a |
| Shiny Chemical Industrial 1773.TW | Taiwan | $1.29B | -20% | +20% | 22% | 15.1× | 5.5% | +8.1% |
| Chengzhi 000990.SZ | China | $1.29B | -43% | -7% | 7% | 10.6× | -2.8% | +2.2% |
| Shandong Kaisheng New Materials 301069.SZ | China | $1.28B | -19% | +20% | 13% | 47.0× | 29.2% | +10.4% |
| Anhui Guangxin Agrochemical 603599.SS | China | $1.43B | -29% | -13% | 18% | 13.1× | -3.8% | +0.6% |
| Guangdong Orient Zirconic Industry Science & Technology 002167.SZ | China | $1.44B | +5% | +17% | 14% | 48.5× | 32.4% | +10.1% |
| Jilin OLED Material Tech 688378.SS | China | $1.45B | -17% | +74% | 18% | 28.1× | 46.2% | +15.2% |
| Elementis ELM.L | United Kingdom | $1.45B | +34% | -12% | 20% | 16.9× | 16.9% | -4.8% |
| LOTTE CHEMICAL 011170.KS | South Korea | $1.45B | -59% | +5% | -2% | n/a | n/a | n/a |