BASF India Limited (BASF) AI Stock Analysis

BASF India Limited

(NSE:BASF)

Select Model

Rating:62Neutral

Price Target:INR 3,234.00▲(2.89% Upside)

Action:reiterated

Date:08/20/26

The score is primarily held back by weakening operating quality—most notably the latest deterioration in operating and free cash flow—despite a strong, conservatively levered balance sheet. Technicals are a positive contributor with the stock trading above major moving averages and neutral momentum readings. Valuation is a modest headwind due to a relatively high P/E and low dividend yield.

Positive Factors

Diversified B2B chemicals platformBASF India serves multiple industries through agricultural solutions, performance materials, industrial chemicals, intermediates and specialty products. This breadth can diversify demand across end-markets and creates several routes for cross-selling and participation in India’s industrial and agricultural development.

Negative Factors

Negative operating and free cash flowNegative operating and free cash flow weaken cash conversion and make reported earnings less dependable as a funding source. If the pressure persists, working-capital needs or elevated spending could restrict internally funded investment and reduce financial flexibility despite low leverage.

BASF India Limited (BASF) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 136.14B
Dividend Yield: 0.82%
Average Volume (3M): 2,635
Price to Earnings (P/E): 20.5
Beta (1Y): 0.73
Revenue Growth: 6.65%
EPS Growth: 62.42%
Country: India
Employees: 1,337
Sector: General
Sector Strength: 55
Industry: Chemicals - Specialty

BASF India Limited Business Overview & Revenue Model

Company Description

BASF India Limited, a subsidiary of BASF SE, operates from Navi Mumbai, India, and was established in 1943. The company offers an extensive portfolio of chemical products and services throughout India, additionally engaging in exports. Its Agricultur...

How the Company Makes Money

BASF India Limited primarily makes money by selling chemical products and integrated solutions to business customers across multiple end-markets in India. Its revenue model is mainly B2B and is driven by (1) sales of manufactured products from its lo...

BASF India Limited Financial Statement Overview

Summary

Mixed fundamentals: a strong, low-leverage balance sheet (Score 84) supports flexibility, but income statement trends show margin compression and weaker earnings (Score 62). The biggest drag is cash flow volatility with the latest period turning negative in operating and free cash flow (Score 39), raising concerns about near-term cash conversion and earnings quality.

Income Statement

62Positive

Balance Sheet

84Very Positive

Cash Flow

39Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	161.65B	149.44B	152.46B	137.51B	136.28B	130.82B
Gross Profit	26.53B	18.07B	22.46B	22.47B	20.68B	21.51B
EBITDA	10.21B	7.26B	8.42B	9.66B	7.39B	9.50B
Net Income	6.43B	4.20B	4.79B	5.63B	4.03B	5.95B
Balance Sheet
Total Assets	0	84.36B	84.62B	72.33B	65.65B	61.10B
Cash, Cash Equivalents and Short-Term Investments	8.70B	9.71B	8.20B	6.23B	3.67B	1.26B
Total Debt	0	1.33B	1.90B	1.56B	1.06B	1.22B
Total Liabilities	-39.57B	44.78B	48.28B	40.09B	38.63B	37.74B
Stockholders Equity	39.57B	39.57B	36.34B	32.23B	27.01B	23.36B
Cash Flow
Free Cash Flow	-10.24B	-3.05B	1.71B	7.06B	4.39B	2.00B
Operating Cash Flow	-9.32B	-986.80M	3.73B	8.07B	5.31B	3.30B
Investing Cash Flow	4.98B	3.44B	-1.14B	-4.50B	-1.99B	-1.20B
Financing Cash Flow	-1.38B	-1.56B	-1.29B	-1.02B	-906.90M	-2.57B

BASF India Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price3143.10

Price Trends

50DMA3540.99Negative

100DMA3609.92Negative

200DMA3584.36Negative

Market Momentum

MACD-130.12Positive

RSI29.37Positive

STOCH19.76Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BASF, the sentiment is Negative. The current price of 3143.10 is below the 20-day moving average (MA) of 3284.91, below the 50-day MA of 3540.99, and below the 200-day MA of 3584.36, indicating a bearish trend. The MACD of -130.12 indicates Positive momentum. The RSI at 29.37 is Positive, neither overbought nor oversold. The STOCH value of 19.76 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:BASF.

BASF India Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:BASF against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:FINEORG	75Outperform	INR 154.84B	35.84	―	0.22%	7.26%	5.73%
IN:ATUL	68Neutral	INR 147.89B	19.18	―	0.60%	18.15%	42.38%
IN:SRF	65Neutral	INR 694.82B	30.33	―	0.43%	19.67%	41.12%
IN:BASF	62Neutral	INR 132.08B	20.51	―	0.82%	6.65%	62.42%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:JUBLINGREA	53Neutral	INR 89.05B	25.14	―	0.89%	15.41%	21.76%
IN:AARTIIND	47Neutral	INR 157.96B	29.74	―	0.23%	39.85%	103.71%

* General Sector Average

Performance Comparison

IN:BASF and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:BASF	BASF India Limited	3051.40	-1367.08	-30.94%
IN:AARTIIND	AARTI Industries Ltd	435.45	50.76	13.20%
IN:ATUL	Atul Limited	5023.05	-838.81	-14.31%
IN:FINEORG	Fine Organic Industries Ltd.	5050.20	647.14	14.70%
IN:JUBLINGREA	Jubilant Ingrevia Ltd.	559.05	-125.50	-18.33%
IN:SRF	Srf Limited	2344.00	-585.62	-19.99%

BASF India Limited Corporate Events

BASF India Closes Trading Window Ahead of September-Quarter Results

Sep 25, 2026

BASF India Limited has announced the closure of its trading window for dealing in the company’s equity shares from October 1, 2026, to November 8, 2026, in line with SEBI’s Prohibition of Insider Trading Regulations, 2015. The window will...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 20, 2026

BASF India Limited AI Stock Analysis