Is BASF India overvalued or undervalued?

As of 17 October 2025, BASF India's valuation grade has moved from fair to attractive, indicating a positive shift in its valuation outlook. The company is currently considered undervalued. Key ratios include a PE ratio of 47.93, an EV to EBITDA of 28.64, and a ROCE of 20.00%. In comparison to its peers, BASF India has a higher PE ratio than UPL, which stands at 37.91, but is lower than Anupam Rasayan's exorbitant PE of 80.9. Additionally, BASF's EV to EBITDA ratio is more favorable than Bayer CropScience's 30.04, suggesting a more attractive valuation in the specialty chemicals sector. Despite recent stock performance lagging behind the Sensex, with a year-to-date return of -18.91% compared to the Sensex's 7.44%, the underlying fundamentals indicate that BASF India presents a compelling investment opportunity.