Is Multibase India a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Multibase India Ltd is a good quality company .

Is Multibase India undervalued or overvalued?

The key valuation ratios of Multibase India Ltd's currently when compared to its past seem to suggest it is in the Fair zone .

What is Multibase India share price return in the past 10 years?

Multibase India Ltd share price has appreciated 19% annually (CAGR) over the past ten years.

Is Multibase India a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Multibase India Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

Multibase India Ltd - Stock Valuation and Financial Performance

Name: Multibase India
Brand: Multibase India

BSE: 526169 | NSE: | Petrochemicals | Small Cap

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Multibase India Share Price

₹262.60 -4.80 -1.80%
as on 19-Apr'24 09:38

10 Year X-Ray of Multibase India:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	16.8%	19.8%	22.4%	23%	26.7%	18.1%	7.7%	6%	5.9%	8.7%	-
Value Creation Index ⓘ	0.2	0.4	0.6	0.6	0.9	0.3	-0.5	-0.6	-0.6	-0.4	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	54.6	61.7	70.3	86.5	109	110	59.8	53.5	62.5	72.2	68
Sales YoY Gr.	-	13%	14.1%	23%	25.5%	1.3%	-45.6%	-10.6%	16.9%	15.6%	-
Adj EPS ⓘ	4.1	5.9	8.1	10.5	15.7	13.1	6.3	5.2	5.4	8.3	9.6
YoY Gr.	-	42%	38.1%	28.7%	50.1%	-16.6%	-51.9%	-17.1%	2.7%	55.2%	-
BVPS (₹) ⓘ	27	32.6	40.4	51	66.5	78.6	84.7	90.1	93.1	99.8	103.5
Adj Net Profit ⓘ	5.2	7.4	10.3	13.2	19.8	16.5	8	6.6	6.8	10.5	12
Cash Flow from Ops. ⓘ	2.9	7.4	7.1	4.6	25.1	5.2	20.4	9.7	4.8	8.7	-
Debt/CF from Ops. ⓘ	0	0	0	0	0	0	0	0	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	3.2%	-7.8%	6.5%	15.6%
Adj EPS ⓘ	8.1%	-11.9%	9.7%	55.2%
BVPSⓘ	15.7%	8.5%	5.6%	7.2%
Share Price	19%	-8.6%	14.7%	42.8%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
Return on Equity % ⓘ	16.6	19.7	22.2	22.9	26.7	18	7.7	6	5.9	8.6	9.5
Op. Profit Mgn % ⓘ	13.7	17.5	20.6	21.8	26.7	19.4	12	12.7	11.8	14.8	15.3
Net Profit Mgn % ⓘ	9.6	12	14.6	15.3	18.2	15	13.3	12.3	10.8	14.5	17.9
Debt to Equity ⓘ	0	0	0	0	0	0	0	0	0	0	-
Working Cap Days ⓘ	167	170	149	138	153	222	372	239	169	142	337
Cash Conv. Cycle ⓘ	77	75	70	77	49	60	112	86	68	54	309

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 9.50%

Sales growth has been subdued in last 3 years 6.50%

Net Profit has been subdued in last 3 years 9.71%

Sales growth is not so good in last 4 quarters at -6.60%

Latest Financials - Multibase India Ltd.

	Standalone	Consolidated
TTM EPS (₹)	9.6	-
TTM Sales (₹ Cr.)	68.1	-
BVPS (₹.) ⓘ	103.5	-
Reserves (₹ Cr.) ⓘ	118	-
P/BV ⓘ	2.58	-
PE ⓘ	27.73	-

From the Market
52 Week Low / High (₹)	177.25 / 294.95
All Time Low / High (₹)	2.15 / 779.00
Market Cap (₹ Cr.)	337
Equity (₹ Cr.)	12.6
Face Value (₹)	10
Industry PE ⓘ	40.9

Management X-Ray of Multibase India:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Multibase India

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Multibase India

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Sales	55	62	70	86	109	110	60	53	62	72
Operating Expenses ⓘ	47	51	56	68	80	90	53	47	56	63
Manufacturing Costs	2	2	3	3	3	3	2	2	1	1
Material Costs	39	41	44	55	66	75	39	36	44	50
Employee Cost	3	3	3	4	4	4	5	4	5	5
Other Costs ⓘ	4	6	6	6	7	8	7	5	6	6
Operating Profit ⓘ	7	10	14	19	29	20	7	7	7	10
Operating Profit Margin (%)	13.3%	17.0%	19.8%	21.8%	26.3%	17.8%	11.0%	12.6%	10.8%	13.4%
Other Income ⓘ	1	1	2	2	2	3	4	4	3	5
Interest ⓘ	0	0	0	0	0	0	0	0	0	0
Depreciation ⓘ	0	1	1	1	1	1	1	1	1	1
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	8	11	15	20	30	22	10	10	9	13
Tax ⓘ	2	4	5	7	10	6	2	3	2	3
Profit After Tax	5	7	10	13	20	15	8	7	6	10
PAT Margin (%)	9.3%	11.7%	14.0%	15.4%	18.0%	14.0%	12.6%	12.6%	10.1%	13.6%
Adjusted EPS (₹)	4.0	5.7	7.8	10.5	15.5	12.2	6.0	5.3	5.0	7.8
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	38%	20%	26%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Equity and Liabilities
Shareholders Fund	34	41	51	64	84	99	107	114	117	126
Share Capital ⓘ	13	13	13	13	13	13	13	13	13	13
Reserves ⓘ	21	29	38	52	71	87	94	101	105	113
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	0	0	0	0	0	0	0	0	0	0
Long Term Debt	0	0	0	0	0	0	0	0	0	0
Short Term Debt	0	0	0	0	0	0	0	0	0	0
Trade Payables	6	4	6	10	28	9	8	10	10	8
Others Liabilities ⓘ	8	9	6	3	3	31	17	7	7	9
Total Liabilities ⓘ	48	55	63	77	116	139	132	131	135	143
Fixed Assets
Gross Block	15	16	19	9	11	12	14	14	15	16
Accumulated Depreciation	10	11	11	0	1	2	3	3	4	5
Net Fixed Assetsⓘ	5	5	8	9	10	10	11	10	11	11
CWIP ⓘ	0	0	0	0	0	0	0	0	0	0
Investmentsⓘ	0	0	0	0	0	0	0	0	0	0
Inventories	11	9	13	19	24	17	11	12	13	8
Trade Receivables	11	10	13	19	24	18	12	11	11	11
Cash Equivalents ⓘ	11	18	23	27	53	49	80	91	94	104
Others Assetsⓘ	10	12	7	2	5	45	18	6	6	7
Total Assets ⓘ	48	55	63	77	116	139	132	131	135	143

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Cash Flow From Operating Activity ⓘ	3	7	7	5	25	5	20	10	5	9
PBT ⓘ	8	11	15	20	30	22	10	10	9	13
Adjustment ⓘ	0	0	-1	-1	-1	-2	-2	-1	-1	-3
Changes in Working Capital ⓘ	-2	0	-2	-9	8	-8	14	3	-0	2
Tax Paid ⓘ	-2	-4	-5	-6	-11	-6	-2	-2	-2	-4
Cash Flow From Investing Activity ⓘ	1	-9	7	4	-30	32	0	2	1	3
Capex	-1	-1	0	0	0	0	0	0	-2	-1
Net Investments	0	0	9	4	-30	30	0	0	0	0
Others ⓘ	2	-8	-2	0	0	2	0	2	2	4
Cash Flow From Financing Activityⓘ	0	0	0	0	0	-11	11	0	-2	-1
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	-2	-1
Others ⓘ	0	0	0	0	0	-11	11	0	0	0
Net Cash Flow ⓘ	3	-1	14	8	-5	26	31	12	3	10

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Ratios
ROE (%)	16.12	19.21	21.42	23.03	26.38	16.77	7.32	6.09	5.49	8.04
ROCE (%)	24.1	29.25	32.97	35.34	40.35	23.84	9.68	8.93	7.53	10.87
Asset Turnover Ratio	1.44	1.34	1.33	1.38	1.16	0.86	0.44	0.41	0.47	0.52
PAT to CFO Conversion(x)	0.6	1	0.7	0.38	1.25	0.33	2.5	1.43	0.83	0.9
Working Capital Days
Receivable Days	60	55	53	61	70	70	92	78	65	57
Inventory Days	65	55	52	61	71	68	87	81	72	53
Payable Days	56	43	43	54	106	90	77	90	81	63

Multibase India Ltd Stock News

Multibase India Ltd FAQs

What is the share price of Multibase India?

Company share prices are keep on changing according to the market conditions. The closing price of Multibase India on 19-Apr-2024 09:38 is ₹262.6.

What is the market cap of Multibase India?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 19-Apr-2024 09:38 the market cap of Multibase India stood at ₹337.5.

What is the P/E ratio of Multibase India?

The latest P/E ratio of Multibase India as of 19-Apr-2024 09:38 is 27.73.

What is the P/B ratio of Multibase India?

The latest P/B ratio of Multibase India as of 19-Apr-2024 09:38 is 2.58.

What is the 52-week high and low of Multibase India?

The 52-week high of Multibase India is ₹294.9 and the 52-week low is ₹177.2.

What is the TTM revenue of Multibase India?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Multibase India is ₹68.13 ( Cr.) .

About Multibase India Ltd

Multibase India Limited, formerly known as Synergy Multibase Limited was incorporated on December 17, 1991 and obtained the certificate for commencement of business on February 19, 1992 from the Registrar of Companies Gujarat at Ahmedabad.

Multibase SA was acquired by Dow Corning in April 2002 and merged the group with the Thermoplastic Division of Dow Corning. Multibase will continue under the name of Multibase, as a merged company.

Multibase is a leading compounder in Europe, the USA and India serving the automotive, appliance and garden furniture industries with more than 300 million pounds capacity and a central research laboratory to assist its subsidiaries and customers with research and development challenges.

The companyâ€™s mission is to develop, through their extensive R&D capabilities, materials with the best combination of performance, process ability, and cost-efficiency. New investments are continuously being made to further expand their production facilities and research laboratories with the latest technological opportunities.

Multibase has three plant locations, with an overall annual compounding capacity of over 300,000,000 lbs.

Multibase serves and follows globally the auto, packaging, appliance and garden furniture industries. Sales representation extends to over 50 countries strategically located in Europe, USA, India, Asia and the Pacific Rim.

Product range of the company includes: