BASF India Ltd. share price target and research reports

Name: Latest research reports of BASF India Ltd. authored by Emkay and published by - Trendlyne research reports.
Item: BASF India Ltd.
Rating: 3
Author: Emkay

Latest analyst research reports with target prices and PDF download for BASF, BSE:500042 BASF India Ltd.

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BASF India Ltd.

11 Nov 2019, 12:00AM

3754.40

-1.10%

Q2FY20 revenues were above our estimates, mainly due to a change in revenue recognition m...

Hold: BASF India Ltd.

Emkay

Q2FY20 revenues were above our estimates, mainly due to a change in revenue recognition model. Revenue was up 24% yoy to Rs20.7bn (our est. of Rs17.5bn). EBITDA stood at Rs761mn vs. our est. of Rs669mn. Strong growth in Agriculture solutions (+17%), Industrial Solution (+10%) and Nutrition & Care (+82%) segments was partially offset by its Materials segment (-7%). The company has switched to a merchandise business model from an agency business model, due to which, the Chemicals segment revenues jumped eightfold yoy to Rs3.1bn. 166bps/189bps yoy while the Nutrition & care segment and Surface Technologies segments...

BASF has lost -26.61% in the last 6 Months

Is BASF India Ltd. worth buying?

122 Votes:

Buy 80.33%

Sell 9.02%

Hold 10.66%