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Multibase India Ltd (526169)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 526169 NSE: Petrochemicals | Small Cap | Multibase India Share Price

₹186.60 1.60 (0.86%)

As on 04-Jun'26 16:59

Multibase India Ltd (526169)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 526169 NSE: Petrochemicals | Small Cap | Multibase India Share Price

₹186.60 1.60 (0.86%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹235 Cr.
Current Price
₹186.6
52-Week Low / High
₹156 / 301
TTM EPS
₹8.3
TTM Sales
₹66.6 Cr.
Book Value per Share
₹70.5
P/E Ratio
22.58
Lower than its 5-year historical median
Industry PE
39
Price to Book (P/B)
2.65
Higher than its 5-year historical median
Price to Sales (P/S)
3.54
Lower than its 5-year historical median
EV/EBITDA
11.31
Lower than its 5-year historical median
Dividend Yield
19.32%
Profitability Efficiency
Return on Equity (ROE)
13.76%
Outperforms industry median
Return on Capital Employed (ROCE)
18.52%
Outperforms industry median
Return on Assets (ROA)
11.71%
Operating Profit Margin
21.3%
Net Profit Margin
20.71%
Gross Profit Margin
29.4%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
9.28%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
77.03%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
31.39%
Asset Quality
Promoter Holding
75.00%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹76 Cr.
Equity
₹12.6 Cr.
Face Value
₹10
All Time Low / High
₹2.15 / 779.00

Multibase India stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Multibase India Ltd a good quality company?
Multibase India Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Multibase India Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Multibase India Ltd vs industry peers?
Multibase India Ltd revenue CAGR is 3.43%, compared to the industry median CAGR of 9.22%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Multibase India Ltd?
Promoters hold 75.00% of the Multibase India Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Multibase India Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -1.2% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Multibase India Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 33%35.3%40.4%23.8%9.7%8.9%7.5%10.9%11.6%18.5%-
Value Creation
Index
1.41.51.90.7-0.3-0.4-0.5-0.2-0.20.3-

Growth Parameters

Sales 70.386.510911059.853.562.572.264.770.867
Sales YoY Gr.-23%25.5%1.3%-45.6%-10.6%16.9%15.6%-10.4%9.3%-
Adj EPS 8.110.515.713.16.35.25.48.38.911.88.3
YoY Gr.-28.7%50.1%-16.6%-51.9%-17.1%2.7%55.2%7.1%32.1%-
BVPS (₹) 40.45166.578.684.790.193.199.8106.662.270.5
Adj Net
Profit
10.313.219.816.586.66.810.511.314.910
Cash Flow from Ops. 7.14.625.15.220.49.74.88.74.65.8-
Debt/CF from Ops. 0000000000-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 0.1%3.4%4.2%9.3%
Adj EPS 4.2%13.3%30%32.1%
BVPS4.9%-6%-12.6%-41.7%
Share Price -2.4% -5.6% -7% -34.5%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
22.222.926.7187.765.98.68.61412.5
Op. Profit
Mgn %
20.621.826.719.41212.711.814.813.121.319.3
Net Profit
Mgn %
14.615.318.21513.312.310.814.517.42115.7
Debt to
Equity
00000000000
Working Cap
Days
149138153222372239169144163166214
Cash Conv.
Cycle
717851611148869556779185

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales7086109110605362726571
Operating Expenses + 56688090534756635656
Manufacturing Costs3344332233
Material Costs44556675393644504544
Employee Cost 3444545555
Other Costs 5567645544
Operating Profit 1419292077710815
Operating Profit Margin (%) 19.8%21.8%26.3%17.8%11.0%12.6%10.8%13.4%12.9%20.9%
Other Income + 2223443586
Exceptional Items 0000000000
Interest 0000000000
Depreciation 1111111111
Profit Before Tax 1520302210109131520
Tax 57106232345
Profit After Tax 10132015876101115
PAT Margin (%) 14.1%15.4%18.0%14.0%12.6%12.6%10.2%13.6%17.2%20.7%
Adjusted EPS (₹)7.810.515.512.26.05.35.07.88.811.6
Dividend Payout Ratio (%)0%0%0%0%0%37.60%19.90%25.80%34%456.40%

Valuation of Multibase India - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 5164849910711411712613579
Share Capital 13131313131313131313
Reserves 385271879410110511312266
Debt +0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Minority Interest0000000000
Trade Payables61028981010875
Others Liabilities 633311777101115
Total Liabilities 637711613913213113514415298

Fixed Assets

Net Fixed Assets +891010111011111213
Gross Block1991112141415161717
Accumulated Depreciation11012334555
CWIP 0000000000
Investments 0000000000
Inventories1319241711121381214
Trade Receivables1319241812111111910
Cash Equivalents flag 2327534980919410411151
Others Assets 7254518668911
Total Assets 637711613913213113514415298

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 7525520105956
PBT 1520302210109131520
Adjustment -1-1-1-2-2-1-1-3-5-3
Changes in Working Capital -2-98-8143-02-1-6
Tax Paid -5-6-11-6-2-2-2-4-4-5
Cash Flow From Investing Activity + 74-3032-021343
Capex -3-2-2-1-1-0-2-1-2-2
Net Investments 94-3030000000
Others 1123122465
Cash Flow From Financing Activity + 000-11110-2-1-3-71
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 000000-0000
Dividend Paid 000000-2-1-3-71
Others 000-111100000
Net Cash Flow 148-52631123106-62

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)21.4223.0326.3816.777.326.095.498.048.5613.76
ROCE (%)32.9735.3440.3523.849.688.937.5310.911.6118.52
Asset Turnover Ratio1.331.381.160.860.440.410.470.520.440.57
PAT to CFO Conversion(x)0.70.381.250.332.51.430.830.90.450.4
Working Capital Days
Receivable Days53.5060.7070.5070.2091.8078.1064.7056.4057.4049.20
Inventory Days51.7060.6070.5067.9087.3080.5071.80535766.10
Payable Days42.6054105.6090.2077.109080.6062.7057.5047.30

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Multibase India Ltd FAQs

The current trading price of Multibase India on 04-Jun-2026 16:59 is ₹186.6.

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 03-Jun-2026 the market cap of Multibase India stood at ₹235.5 Cr

The latest P/E ratio of Multibase India as of 03-Jun-2026 is 22.58.

The latest P/B ratio of Multibase India as of 03-Jun-2026 is 2.65.

The 52-week high of Multibase India is ₹300.9 and the 52-week low is ₹156.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Multibase India is ₹66.57 ( Cr.) .

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

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

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.

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 company’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:

  • TPSiV
  • Siloxane Masterbatches
  • Multibatche
  • Multi-Flex
  • Nylex
  • Multi-Pro
  • Multi-Flam

Achievements/ recognition:

Europe

  • ISO 9001:2000
  • ISO 14001
  • TS 16949:2002

America

  • A2LA
  • ISO 9001:2000

India

  • ISO 9001:2000
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