Basant Agro share price target from 2024 to 2030: Hi friends, in this article we are going to discuss another Commodity Chemicals company called Basant Agro Tech (India) Ltd or BATL in short.
We will discuss the business of the company, the sales, profits, balance sheet and will also do fundamental and technical analysis of the stock to reach to a conclusion as to what Basant Agro share price target will be from 2024 to 2030.
Overview of Basant Agro Tech Ltd
| About Basant Agro Ltd | Particulars |
|---|---|
| Company Name | Basant Agro Tech (India) Ltd |
| BSE share code | 524687 |
| NSE code | Not listed |
| Headquarters | Akola (Maharashtra) |
| Foundation | 1990 |
| Key Person | S C Bhartia (Chairman) |
| Market Cap | ₹ 164 Cr. |
| 52 Week High | Rs 28.90 |
| 52 Week Low | Rs 15.20 |
| Official Website | Basant Agro Website |
Basant Agro Tech (India) Ltd was founded by Mr. C.L. Jhunjhunwala in the year 1990. The company is listed on Bombay Stock Exchange (BSE) and is a part of Bhartia Group of Akola.
The company manufactures multiple products like various grades of fertilizers, seeds and Nutritional Organic products. The company manufactures its products in two manufacturing units located at Kaulkhed and Kanheri.
Apart from these manufacturing facilities the company also has a research and development centre in Kaulkhed which is recognized by Govt. of India.
Product Lineup of Basant Agro
Let’s have a look at the product line up of Basant Agro tech Ltd. The company has five divisions of products:
- Fertilizer Division: In this segment the company produces single super phosphate (SSP) and NPK fertilizers. SSP’s are used for crops like Cotton, Sugarcane, Wheat etc. NPK fertilizers are customised fertilizers as per the soil and the crop.
- Seed Division: In the seed division the company sells Vegetable seeds, Oil seeds, Field crops etc.
- Warehousing: Basant Agro Tech also has warehouses and cold storages in Maharashtra. The company has taken care of all the required steps to prolong the life of customers products and ensure safety.
- Pipe manufacturing: The company also manufactures sprinkler systems and HDPE potable water pipes in its pipe manufacturing plant in Akola.
- Windmills: Last but not the least Basant Agro tech also generates power through 3 wind mills in Maharashtra and 1 in Gujarat.
Manufacturing facilities of Basant Agro Tech Ltd.
This company operates six production sites with various capacities.
At Kaulkhed in Akola Maharashtra they can produce up to 60,000MTPA of NPK (nitrogen, phosphorus and potassium) fertilizer products annually. Kanheri unit in Akola, Maharashtra boasts of producing 132,000MTPA of Single Super Phosphate while Sangli in Maharashtra holds capacity for producing 30,000MTPA of Granulated NPK fertilizers; similarly Jalgaon in Maharashtra produces 132,000MTPA Single Super Phosphate production. Hospet, Karnataka has the capacity to produce 45,000MTPA of NPK fertilizers while Neemuch, Madhya Pradesh can produce 75,000MTPA of Single Super Phosphate as well as 30,000MTPA granulated NPK and 25,000MTPA linear alkylbenzene sulfonic acid fertilizers annually.
Basant Agro share price target table
| Bsant Agro share price target table | 1st target | 2nd target |
|---|---|---|
| Bsant Agro share price target 2024 | ₹ 24.28 | ₹ 27.11 |
| Bsant Agro share price target 2025 | ₹ 32.79 | ₹ 37.70 |
| Bsant Agro share price target 2026 | ₹ 43.23 | ₹ 48.00 |
| Bsant Agro share price target 2027 | ₹ 52.22 | ₹ 58.13 |
| Bsant Agro share price target 2028 | ₹ 63.19 | ₹ 70.02 |
| Bsant Agro share price target 2029 | ₹ 77.48 | ₹ 86.29 |
| Bsant Agro share price target 2030 | ₹ 91.27 | ₹ 99.10 |
Some financial ratios of Basant Agro Tech
| Parameter | Value |
|---|---|
| Market Cap | ₹ 164 Cr. |
| Current Price | ₹ 18.1 |
| High / Low | ₹ 28.9 / 15.2 |
| ROCE | 11.4 % |
| ROE | 11.0 % |
| Profit after tax | ₹ 3.05 Cr. |
| Price to Earning | 53.7 |
| Debt | ₹ 149 Cr. |
| Sales growth | -21.9 % |
| Profit growth | -83.9 % |
| Industry PE | 22.8 |
| Return over 1 year | 18.0 % |
Let us now look at some financial ratios of Basant Agro Tech. With this data it will be easier for us to know how well the company is currently performing.
Market cap and share price
The market cap of the company is only Rs 164 crore which shows that it is a small cap company. Currently the share price of the company is Rs 18.1 which is less than the book value per share of Rs 18.7 which is a very good thing.
Stock P/E
However, the stock P/E is 53.7 which is way ahead of the sector’s P/E of 22.8. The high PE ratio shows that the stock is slightly overvalued compared to the competitors and at this price it may not give you great returns.
ROCE and ROE
The ROCE and ROE are 11.4 and 11% respectively which means that the company is making moderate returns on its capital and equity.
Net profit
Basant Agro Tech is profitable and the company has reported a net profit of Rs 3.05 crores in the trailing twelve months.
Debt
Looking at the debt of the company, it is Rs 149 crores but the debt to equity ratio of 0.88 suggests that the company is capable of paying off the debt comfortably.
Returns
Basant Agro has given decent returns of 19.6% in last one year and annual returns of 34.4% in last 5 years.
Sales and profit growth rate
The sales and profit growth rates are a point of concern for the company because the sales have decreased by 21.9% and the profit has dropped by 83%. Basant Agro needs to improve these numbers.
Summary
Overall, Basant Agro is doing well in its segment and the controlled debt and decent returns make it an investable option for people looking for risk free average returns.
Basant Agro share price target 2024
“Bhartiya Family” is the promoter of BATIL who have great experience in seeds and fertilizers. Basant Agro has a strong presence in Maharashtra, Madhya Pradesh and Karnataka. The company has eight manufacturing facilities at these locations and rich network of dealers and distributors. The firm’s flagship fertilizer is known as ‘Krishi Sanjivani.’ Moreover, the company is profitable and giving good returns at present.
The initial price target for Basant Agro in 2024 is projected to be ₹24.28.
With favourable market conditions, the mid-year price target for Basant Agro could reach ₹25.68.
By the end of 2024, the price target for Basant Agro is expected to potentially reach ₹27.11, considering bullish market trends.
Baroda Rayon share price target 2024 is as follows
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2024 | ₹ 24.28 | ₹ 27.11 |
Basant Agro share price target 2025
The initial price target for Basant Agro in 2025 is projected to be ₹32.79.
With favourable market conditions, the mid-year price target for Basant Agro could reach ₹34.55.
By the end of 2025, the price target for Basant Agro is expected to potentially reach ₹37.70, considering bullish market trends.
Baroda Rayon share price target 2025 is as follows
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2025 | ₹ 32.79 | ₹ 37.70 |
Basant Agro share price target 2026
The initial price target for Basant Agro in 2026 is projected to be ₹43.23.
With favourable market conditions, the mid-year price target for Basant Agro could reach ₹45.76.
By the end of 2026, the price target for Basant Agro is expected to potentially reach ₹48.00, considering bullish market trends.
Baroda Rayon share price target 2026 is as follows
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2026 | ₹ 43.23 | ₹ 48.00 |
Basant Agro share price target 2027
The initial price target for Basant Agro in 2027 is projected to be ₹52.22.
With favourable market conditions, the mid-year price target for Basant Agro could reach ₹55.73.
By the end of 2027, the price target for Basant Agro is expected to potentially reach ₹58.13, considering bullish market trends.
Baroda Rayon share price target 2027 is as follows
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2027 | ₹ 52.22 | ₹ 58.13 |
Basant Agro share price target 2028
The initial price target for Basant Agro in 2028 is projected to be ₹63.19.
With favourable market conditions, the mid-year price target for Basant Agro could reach ₹66.23.
By the end of 2028, the price target for Basant Agro is expected to potentially reach ₹70.02, considering bullish market trends.
Baroda Rayon share price target 2028 is as follows
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2028 | ₹ 63.19 | ₹ 70.02 |
Basant Agro share price target 2029
The initial price target for Basant Agro in 2029 is projected to be ₹77.48.
With favourable market conditions, the mid-year price target for Basant Agro could reach ₹82.54.
By the end of 2029, the price target for Baroda Rayon is expected to potentially reach ₹86.29, considering bullish market trends.
Baroda Rayon share price target 2029 is as follows
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2029 | ₹ 77.48 | ₹ 86.29 |
Also Read: Baroda Rayon share price target
Basant Agro share price target 2030
The sales of Basant Agro are increasing consistently since 2020. In the year 2020 the sales of Basant Agro was Rs 290 crores which has increased to Rs 565 crores in 2023. The net profit has also more than doubled from Rs 8 crores to Rs 18 crores. These are good signs for the company’s growth.
The initial price target for Basant Agro in 2030 is projected to be ₹91.27.
With favourable market conditions, the mid-year price target for Basant Agro could reach ₹95.44.
By the end of 2030, the price target for Basant Agro is expected to potentially reach ₹99.10, considering bullish market trends.
Baroda Rayon share price target 2030 is as follows
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2030 | ₹ 91.27 | ₹ 99.10 |
Shareholding pattern of Basant Agro
| Shareholder | Mar 2022 | Mar 2023 | Dec 2023 |
|---|---|---|---|
| Promoters | 53.05% | 53.05% | 53.07% |
| FIIs | 0.00% | 0.00% | 0.00% |
| DIIs | 0.02% | 0.02% | 0.02% |
| Public | 46.93% | 46.92% | 46.90% |
| No. of Shareholders | 47,957 | 48,014 | 47,48 |
Changes in the shareholding of various shareholders like promoters, FIIs, DIIs and public greatly affect how the investors perceive the company. Increase in their shareholding can motivate the probable investors to make the investment. Let’s have a look at how the shareholdings have changed in Basant Agro in recent years.
Promoters
The promoters have kept their trust in the company since 2022 and have not altered their share. Their shareholding is fixed at 53.07% and that shows their belief in the company’s management and future plans.
FIIs
Institutional investors bring liquidity and stability in a company. If Foreign Institutions invest in a company, that also increases the confidence of the domestic investors. Sadly FIIs have not shown any interest in Basant Agro and that might disappoint a lot of long term investors.
DIIs
The investment of DIIs is also like FIIs. They have a negligible share in the company of only 0.02%. DIIs have probably not seen much future growth in the company yet.
Public
Public shareholding has also stayed consistent at 46.9%. This is a big chunk of the company’s shares in the public hands because everyone thinks differently and even a small news about the company can trigger huge buying or selling sentiment.
As an investor you must take due diligence before investing because we can only give you the information about the trends and prediction about the price but there are many other factors that can influence the stock price.
Conclusion
In this post we discussed Basant Agro share price target 2024-2030. To summarise, Basant Agro is a good microcap company with a good future and decent sales growth in recent times. It would have been nice to have FIIs and DIIs on board to boost investors confidence. The debt of the company is manageable and in past company has given good returns to the shareholders. Overall, Basant Agro Tech emerges as a promising investment option, underscored by its strong market presence and strategic positioning within the industry.
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