Multibase India Ltd - Stock Valuation and Financial Performance

BSE: 526169 | NSE: | Petrochemicals | Small Cap

Multibase India Share Price

269.95 -9.20 -3.30%
as on 15-Apr'24 15:30

DeciZen - make an informed investing decision on Multibase India

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Multibase India stock performance -

mw4me loader
P/E Ratio (SA):
27.89
Market Cap:
339.4 Cr.
52-wk low:
175.1
52-wk high:
295

Is Multibase India Ltd an attractive stock to invest in?

1. Is Multibase India Ltd a good quality company?

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

2. Is Multibase India Ltd 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.

3. Is Multibase India Ltd 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.

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
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

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 16.8%19.8%22.4%23%26.7%18.1%7.7%6%5.9%8.7%-
Value Creation
Index
0.20.40.60.60.90.3-0.5-0.6-0.6-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 54.661.770.386.510911059.853.562.572.268
Sales YoY Gr.-13%14.1%23%25.5%1.3%-45.6%-10.6%16.9%15.6%-
Adj EPS 4.15.98.110.515.713.16.35.25.48.39.6
YoY Gr.-42%38.1%28.7%50.1%-16.6%-51.9%-17.1%2.7%55.2%-
BVPS (₹) 2732.640.45166.578.684.790.193.199.8103.5
Adj Net
Profit
5.27.410.313.219.816.586.66.810.512
Cash Flow from Ops. 2.97.47.14.625.15.220.49.74.88.7-
Debt/CF from Ops. 0000000000-

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%
BVPS15.7%8.5%5.6%7.2%
Share Price 19.9% -7.7% 15.2% 48.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
16.619.722.222.926.7187.765.98.69.5
Op. Profit
Mgn %
13.717.520.621.826.719.41212.711.814.815.3
Net Profit
Mgn %
9.61214.615.318.21513.312.310.814.517.9
Debt to
Equity
0000000000-
Working Cap
Days
167170149138153222372239169142337
Cash Conv.
Cycle
777570774960112866854309

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 2.60 -
PE 27.89 -
From the Market
52 Week Low / High (₹) 175.10 / 294.95
All Time Low / High (₹) 2.15 / 779.00
Market Cap (₹ Cr.) 339
Equity (₹ Cr.) 12.6
Face Value (₹) 10
Industry PE 41.9

Management X-Ray of Multibase India:

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 (%)

Event Update

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Analyst's Notes

Key Ratios of Multibase India

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales5562708610911060536272
Operating Expenses 47515668809053475663
Manufacturing Costs2233332211
Material Costs39414455667539364450
Employee Cost 3334445455
Other Costs 4666787566
Operating Profit 7101419292077710
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 1122234435
Interest 0000000000
Depreciation 0111111111
Exceptional Items 0000000000
Profit Before Tax 811152030221010913
Tax 24571062323
Profit After Tax 571013201587610
PAT Margin (%) 9.3%11.7%14.0%15.4%18.0%14.0%12.6%12.6%10.1%13.6%
Adjusted EPS (₹)4.05.77.810.515.512.26.05.35.07.8
Dividend Payout Ratio (%)0%0%0%0%0%0%0%38%20%26%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 344151648499107114117126
Share Capital 13131313131313131313
Reserves 21293852718794101105113
Minority Interest0000000000
Debt0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Trade Payables64610289810108
Others Liabilities 896333117779
Total Liabilities 48556377116139132131135143

Fixed Assets

Gross Block1516199111214141516
Accumulated Depreciation1011110123345
Net Fixed Assets5589101011101111
CWIP 0000000000
Investments 0000000000
Inventories119131924171112138
Trade Receivables11101319241812111111
Cash Equivalents 111823275349809194104
Others Assets10127254518667
Total Assets 48556377116139132131135143

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 3775255201059
PBT 811152030221010913
Adjustment 00-1-1-1-2-2-1-1-3
Changes in Working Capital -20-2-98-8143-02
Tax Paid -2-4-5-6-11-6-2-2-2-4
Cash Flow From Investing Activity 1-974-30320213
Capex -1-1000000-2-1
Net Investments 0094-30300000
Others 2-8-20020224
Cash Flow From Financing Activity 00000-11110-2-1
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 0000000000
Dividend Paid 00000000-2-1
Others 00000-1111000
Net Cash Flow 3-1148-5263112310
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)16.1219.2121.4223.0326.3816.777.326.095.498.04
ROCE (%)24.129.2532.9735.3440.3523.849.688.937.5310.87
Asset Turnover Ratio1.441.341.331.381.160.860.440.410.470.52
PAT to CFO Conversion(x)0.610.70.381.250.332.51.430.830.9
Working Capital Days
Receivable Days60555361707092786557
Inventory Days65555261716887817253
Payable Days564343541069077908163

Multibase India Ltd Stock News

Multibase India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Multibase India on 15-Apr-2024 15:30 is ₹269.9.
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 15-Apr-2024 15:30 the market cap of Multibase India stood at ₹339.4.
The latest P/E ratio of Multibase India as of 15-Apr-2024 15:30 is 27.89.
The latest P/B ratio of Multibase India as of 15-Apr-2024 15:30 is 2.60.
The 52-week high of Multibase India is ₹294.9 and the 52-week low is ₹175.1.
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 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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