1420.35 5.55 (0.39%)
NSEOct 23, 2020 09:59 AM
The 1 reports from 1 analysts offering long term price targets for BASF India Ltd. have an average target of 1115.00. The consensus estimate represents a downside of -21.50% from the last price of 1420.35.
|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2019-11-11||BASF India Ltd.||Emkay||990.35||1115.00||990.35 (43.42%)||Target met||Hold|
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...