BASF INDIA is a 71 % subsidiary of the German chemical Giant BASF AG. Company producing polystyrene and wide variety of chemicals for Industries like leather,Agrochemicals, plastics,Paper ,automobile,Textile…etc. Last year ,company integrated its operations in chemical sector by merging another listed entity Ciba India with itself . German parent company is now paying much attention to develop business in Asian region including India and China.As part of this strategy ,recently company merged its subsidiaries BASF Coatings (India) Private Limited, BASF Construction Chemicals (India) Private Limited and BASF Polyurethanes India Limited into the listed entity. In the agrochemical sector company dropped some low margin products and now moving to the the value chain. Considering the growth of White goods Polystyrene business of the company having a bright future . BASF India’s construction chemicals division producing liquid admixtures, powder and resin products. At a time of improving prospects of end user industries ,promoters are consolidating its business under the listed entity and also paying much attention to the R & D efforts. Long term investors may consider a Buy at CMP of Rs.510/-
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