CMP: 604

BASF India Limited is a diversified manufacturer of chemicals and specialty chemicals that are used in a number of industries including textiles, paper, construction and paints. The Company's products include a variety of plastics & fiber intermediates, leather auxiliaries, finishing agents, pesticides, tanning agents, dyestuffs, oil & well chemicals and dispersions.

BASF India is a good bet in mid-cap space at a P/E of little less than 20. Decent dividend yields of 1.32% in the last 12 months and minimal liabilities makes it a safe bet. Revenues have grown strongly from 768 Crores to over 3000 Crores in the last 5 years. Profits have picked up a little slowly from 50 Crores to 117 Crores in the same period. Q1 FY12 results are very promising. Its a decent bet to buy.