Multibase India Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: April 3, 2025, 8:02 pm

Market Cap	359 Cr.
Current Price	284
High / Low	622/222
Stock P/E	24.7
Book Value	110
Dividend Yield	18.7 %
ROCE	11.6 %
ROE	8.58 %
Face Value	10.0
PEG Ratio	1.48

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Multibase India Ltd

Competitors of Multibase India Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Multibase India Ltd	359 Cr.	284	622/222	24.7	110	18.7 %	11.6 %	8.58 %	10.0
Harshdeep Hortico Ltd	106 Cr.	65.8	86.0/42.2	12.7	26.1	0.00 %	50.1 %	35.2 %	10.0
TPL Plastech Ltd	611 Cr.	78.6	136/68.0	26.7	17.2	1.02 %	19.0 %	15.8 %	2.00
Sintex Plastics Technology Ltd	67.4 Cr.	1.06	1.28/0.75		0.31	0.00 %	%	%	1.00
Plastiblends India Ltd	478 Cr.	184	399/177	13.8	162	2.31 %	11.1 %	8.26 %	5.00
Industry Average	389.50 Cr	130.33		86.80	48.54	2.76%	15.73%	11.47%	6.13

All Competitor Stocks of Multibase India Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	13.81	18.81	18.20	18.98	16.99	18.04	18.08	16.26	15.74	14.65	19.23	18.42	17.15
Expenses	12.81	15.95	16.97	17.72	15.08	12.81	16.16	15.17	13.60	11.48	15.63	14.41	14.78
Operating Profit	1.00	2.86	1.23	1.26	1.91	5.23	1.92	1.09	2.14	3.17	3.60	4.01	2.37
OPM %	7.24%	15.20%	6.76%	6.64%	11.24%	28.99%	10.62%	6.70%	13.60%	21.64%	18.72%	21.77%	13.82%
Other Income	0.76	0.84	0.88	1.18	0.88	1.65	1.67	1.78	1.88	2.45	1.93	2.02	1.13
Interest	0.00	0.06	0.00	0.00	0.00	0.05	0.02	0.00	0.00	0.08	0.00	0.00	0.00
Depreciation	0.24	0.23	0.28	0.27	0.29	0.16	0.31	0.20	0.25	0.26	0.27	0.28	0.29
Profit before tax	1.52	3.41	1.83	2.17	2.50	6.67	3.26	2.67	3.77	5.28	5.26	5.75	3.21
Tax %	27.63%	27.27%	25.14%	26.73%	25.20%	25.64%	25.46%	24.72%	27.06%	25.38%	25.48%	25.39%	25.86%
Net Profit	1.10	2.47	1.37	1.58	1.87	4.96	2.44	2.01	2.76	3.95	3.92	4.29	2.38
EPS in Rs	0.87	1.96	1.09	1.25	1.48	3.93	1.93	1.59	2.19	3.13	3.11	3.40	1.89

Last Updated: February 22, 2025, 12:18 pm

Below is a detailed analysis of the quarterly data for Multibase India Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is ₹17.15 Cr.. The value appears to be declining and may need further review. It has decreased from 18.42 Cr. (Sep 2024) to ₹17.15 Cr., marking a decrease of 1.27 Cr..
For Expenses, as of Dec 2024, the value is ₹14.78 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 14.41 Cr. (Sep 2024) to ₹14.78 Cr., marking an increase of 0.37 Cr..
For Operating Profit, as of Dec 2024, the value is ₹2.37 Cr.. The value appears to be declining and may need further review. It has decreased from 4.01 Cr. (Sep 2024) to ₹2.37 Cr., marking a decrease of 1.64 Cr..
For OPM %, as of Dec 2024, the value is 13.82%. The value appears to be declining and may need further review. It has decreased from 21.77% (Sep 2024) to 13.82%, marking a decrease of 7.95%.
For Other Income, as of Dec 2024, the value is ₹1.13 Cr.. The value appears to be declining and may need further review. It has decreased from 2.02 Cr. (Sep 2024) to ₹1.13 Cr., marking a decrease of 0.89 Cr..
For Interest, as of Dec 2024, the value is ₹0.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 0.00 Cr..
For Depreciation, as of Dec 2024, the value is ₹0.29 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 0.28 Cr. (Sep 2024) to ₹0.29 Cr., marking an increase of 0.01 Cr..
For Profit before tax, as of Dec 2024, the value is ₹3.21 Cr.. The value appears to be declining and may need further review. It has decreased from 5.75 Cr. (Sep 2024) to ₹3.21 Cr., marking a decrease of 2.54 Cr..
For Tax %, as of Dec 2024, the value is 25.86%. The value appears to be increasing, which may not be favorable. It has increased from 25.39% (Sep 2024) to 25.86%, marking an increase of 0.47%.
For Net Profit, as of Dec 2024, the value is ₹2.38 Cr.. The value appears to be declining and may need further review. It has decreased from 4.29 Cr. (Sep 2024) to ₹2.38 Cr., marking a decrease of 1.91 Cr..
For EPS in Rs, as of Dec 2024, the value is 1.89. The value appears to be declining and may need further review. It has decreased from 3.40 (Sep 2024) to 1.89, marking a decrease of 1.51.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 7, 2025, 3:35 pm

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	45	55	62	70	86	109	110	60	53	62	72	65	69
Expenses	39	47	51	56	68	80	90	53	47	56	63	56	56
Operating Profit	6	7	10	14	19	29	20	7	7	7	10	8	13
OPM %	14%	13%	17%	20%	22%	26%	18%	11%	13%	11%	13%	13%	19%
Other Income	1	1	1	2	2	2	3	4	4	3	5	8	8
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	1	1	1	1	1	1	1	1	1	1	1
Profit before tax	7	8	11	15	20	30	22	10	10	9	13	15	20
Tax %	31%	33%	34%	35%	35%	35%	30%	24%	32%	27%	26%	26%
Net Profit	4	5	7	10	13	20	15	8	7	6	10	11	15
EPS in Rs	3.56	4.03	5.72	7.83	10.52	15.49	12.17	5.97	5.32	5.02	7.76	8.84	11.53
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	38%	20%	26%	34%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	25.00%	40.00%	42.86%	30.00%	53.85%	-25.00%	-46.67%	-12.50%	-14.29%	66.67%	10.00%
Change in YoY Net Profit Growth (%)	0.00%	15.00%	2.86%	-12.86%	23.85%	-78.85%	-21.67%	34.17%	-1.79%	80.95%	-56.67%

Multibase India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	2%
5 Years:	-10%
3 Years:	7%
TTM:	2%

Compounded Profit Growth
10 Years:	8%
5 Years:	-6%
3 Years:	18%
TTM:	19%

Stock Price CAGR
10 Years:	1%
5 Years:	28%
3 Years:	10%
1 Year:	16%

Return on Equity
10 Years:	12%
5 Years:	7%
3 Years:	7%
Last Year:	9%

Last Updated: Unknown

Balance Sheet

Last Updated: Unknown

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	13	13	13	13	13	13	13	13	13	13	13	13	13
Reserves	16	21	29	38	52	71	87	94	101	105	113	122	126
Borrowings	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Liabilities	7	7	6	8	12	32	12	10	12	12	11	10	14
Total Liabilities	36	41	47	59	77	116	111	117	126	130	137	144	153
Fixed Assets	5	5	5	8	9	10	10	11	10	11	11	12	12
CWIP	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	32	36	42	51	68	106	101	106	115	119	126	133	141
Total Assets	36	41	47	59	77	116	111	117	126	130	137	144	153

Below is a detailed analysis of the balance sheet data for Multibase India Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹13.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 13.00 Cr..
For Reserves, as of Sep 2024, the value is ₹126.00 Cr.. The value appears strong and on an upward trend. It has increased from 122.00 Cr. (Mar 2024) to ₹126.00 Cr., marking an increase of 4.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹0.00 Cr.. The value remains steady. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. There is no change compared to the previous period (Mar 2024) which recorded 0.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹14.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 10.00 Cr. (Mar 2024) to ₹14.00 Cr., marking an increase of 4.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹153.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 144.00 Cr. (Mar 2024) to ₹153.00 Cr., marking an increase of 9.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹12.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 12.00 Cr..
For CWIP, as of Sep 2024, the value is ₹0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 0.00 Cr..
For Investments, as of Sep 2024, the value is ₹0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 0.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹141.00 Cr.. The value appears strong and on an upward trend. It has increased from 133.00 Cr. (Mar 2024) to ₹141.00 Cr., marking an increase of 8.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹153.00 Cr.. The value appears strong and on an upward trend. It has increased from 144.00 Cr. (Mar 2024) to ₹153.00 Cr., marking an increase of 9.00 Cr..

Notably, the Reserves (₹126.00 Cr.) exceed the Borrowings (0.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	-0	3	7	7	5	25	5	20	10	5	9	5
Cash from Investing Activity +	-2	1	-9	7	4	-30	32	-0	2	1	3	4
Cash from Financing Activity +	-0	-0	0	0	0	0	-10	10	0	-2	-1	-3
Net Cash Flow	-3	3	-1	14	8	-5	26	31	12	3	10	6

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	6.00	7.00	10.00	14.00	19.00	29.00	20.00	7.00	7.00	7.00	10.00	8.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	76	71	60	67	81	80	61	71	77	64	58	51
Inventory Days	126	105	84	106	128	132	83	106	123	103	61	95
Days Payable	77	52	36	52	66	157	43	72	101	79	55	54
Cash Conversion Cycle	125	124	108	120	144	56	101	106	98	88	64	91
Working Capital Days	134	120	105	103	121	72	131	98	90	78	62	77
ROCE %	25%	24%	29%	33%	35%	40%	24%	10%	9%	8%	11%	12%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoters	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%
FIIs	1.03%	1.03%	1.03%	0.33%	0.33%	0.33%	0.33%	0.33%	0.33%	0.17%	0.17%	0.17%
Public	23.97%	23.97%	23.98%	24.67%	24.68%	24.68%	24.67%	24.68%	24.66%	24.82%	24.83%	24.82%
No. of Shareholders	8,458	8,400	8,431	8,391	8,237	8,138	8,578	8,655	8,637	9,137	9,242	17,557

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	8.84	7.76	5.02	5.32	5.97
Diluted EPS (Rs.)	8.84	7.76	5.02	5.32	5.97
Cash EPS (Rs.)	9.64	8.55	5.77	6.11	6.73
Book Value[Excl.RevalReserv]/Share (Rs.)	106.63	99.80	93.06	90.05	84.71
Book Value[Incl.RevalReserv]/Share (Rs.)	106.63	99.80	93.06	90.05	84.71
Dividend / Share (Rs.)	3.00	2.00	1.00	2.00	0.00
Revenue From Operations / Share (Rs.)	51.30	57.22	49.51	42.35	47.37
PBDIT / Share (Rs.)	12.76	11.26	7.63	8.58	8.65
PBIT / Share (Rs.)	11.96	10.47	6.88	7.79	7.89
PBT / Share (Rs.)	11.88	10.43	6.84	7.79	7.89
Net Profit / Share (Rs.)	8.84	7.76	5.02	5.32	5.97
PBDIT Margin (%)	24.87	19.68	15.41	20.25	18.26
PBIT Margin (%)	23.31	18.29	13.89	18.39	16.66
PBT Margin (%)	23.16	18.23	13.80	18.39	16.66
Net Profit Margin (%)	17.22	13.55	10.14	12.56	12.61
Return on Networth / Equity (%)	8.28	7.77	5.39	5.90	7.05
Return on Capital Employeed (%)	11.03	10.32	7.29	8.54	9.19
Return On Assets (%)	7.72	7.13	4.88	5.33	6.46
Asset Turnover Ratio (%)	0.45	0.54	0.48	0.44	0.52
Current Ratio (X)	17.24	13.75	11.09	10.81	12.61
Quick Ratio (X)	15.71	12.82	9.91	9.68	11.21
Inventory Turnover Ratio (X)	2.80	2.51	2.16	1.75	1.79
Dividend Payout Ratio (NP) (%)	22.63	12.89	39.81	0.00	0.00
Dividend Payout Ratio (CP) (%)	20.75	11.69	34.64	0.00	0.00
Earning Retention Ratio (%)	77.37	87.11	60.19	0.00	0.00
Cash Earning Retention Ratio (%)	79.25	88.31	65.36	0.00	0.00
Interest Coverage Ratio (X)	160.74	307.62	172.58	0.00	0.00
Interest Coverage Ratio (Post Tax) (X)	112.30	212.87	114.61	0.00	0.00
Enterprise Value (Cr.)	186.74	114.54	148.81	150.18	25.91
EV / Net Operating Revenue (X)	2.88	1.59	2.38	2.81	0.43
EV / EBITDA (X)	11.59	8.06	15.45	13.87	2.37
MarketCap / Net Operating Revenue (X)	4.59	3.03	3.89	4.51	1.76
Retention Ratios (%)	77.36	87.10	60.18	0.00	0.00
Price / BV (X)	2.21	1.74	2.07	2.12	0.98
Price / Net Operating Revenue (X)	4.59	3.03	3.89	4.51	1.76
EarningsYield	0.03	0.04	0.02	0.02	0.07

After reviewing the key financial ratios for Multibase India Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 10.00.
For Basic EPS (Rs.), as of Mar 24, the value is 8.84. This value is within the healthy range. It has increased from 7.76 (Mar 23) to 8.84, marking an increase of 1.08.
For Diluted EPS (Rs.), as of Mar 24, the value is 8.84. This value is within the healthy range. It has increased from 7.76 (Mar 23) to 8.84, marking an increase of 1.08.
For Cash EPS (Rs.), as of Mar 24, the value is 9.64. This value is within the healthy range. It has increased from 8.55 (Mar 23) to 9.64, marking an increase of 1.09.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 106.63. It has increased from 99.80 (Mar 23) to 106.63, marking an increase of 6.83.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 106.63. It has increased from 99.80 (Mar 23) to 106.63, marking an increase of 6.83.
For Dividend / Share (Rs.), as of Mar 24, the value is 3.00. This value is within the healthy range. It has increased from 2.00 (Mar 23) to 3.00, marking an increase of 1.00.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 51.30. It has decreased from 57.22 (Mar 23) to 51.30, marking a decrease of 5.92.
For PBDIT / Share (Rs.), as of Mar 24, the value is 12.76. This value is within the healthy range. It has increased from 11.26 (Mar 23) to 12.76, marking an increase of 1.50.
For PBIT / Share (Rs.), as of Mar 24, the value is 11.96. This value is within the healthy range. It has increased from 10.47 (Mar 23) to 11.96, marking an increase of 1.49.
For PBT / Share (Rs.), as of Mar 24, the value is 11.88. This value is within the healthy range. It has increased from 10.43 (Mar 23) to 11.88, marking an increase of 1.45.
For Net Profit / Share (Rs.), as of Mar 24, the value is 8.84. This value is within the healthy range. It has increased from 7.76 (Mar 23) to 8.84, marking an increase of 1.08.
For PBDIT Margin (%), as of Mar 24, the value is 24.87. This value is within the healthy range. It has increased from 19.68 (Mar 23) to 24.87, marking an increase of 5.19.
For PBIT Margin (%), as of Mar 24, the value is 23.31. This value exceeds the healthy maximum of 20. It has increased from 18.29 (Mar 23) to 23.31, marking an increase of 5.02.
For PBT Margin (%), as of Mar 24, the value is 23.16. This value is within the healthy range. It has increased from 18.23 (Mar 23) to 23.16, marking an increase of 4.93.
For Net Profit Margin (%), as of Mar 24, the value is 17.22. This value exceeds the healthy maximum of 10. It has increased from 13.55 (Mar 23) to 17.22, marking an increase of 3.67.
For Return on Networth / Equity (%), as of Mar 24, the value is 8.28. This value is below the healthy minimum of 15. It has increased from 7.77 (Mar 23) to 8.28, marking an increase of 0.51.
For Return on Capital Employeed (%), as of Mar 24, the value is 11.03. This value is within the healthy range. It has increased from 10.32 (Mar 23) to 11.03, marking an increase of 0.71.
For Return On Assets (%), as of Mar 24, the value is 7.72. This value is within the healthy range. It has increased from 7.13 (Mar 23) to 7.72, marking an increase of 0.59.
For Asset Turnover Ratio (%), as of Mar 24, the value is 0.45. It has decreased from 0.54 (Mar 23) to 0.45, marking a decrease of 0.09.
For Current Ratio (X), as of Mar 24, the value is 17.24. This value exceeds the healthy maximum of 3. It has increased from 13.75 (Mar 23) to 17.24, marking an increase of 3.49.
For Quick Ratio (X), as of Mar 24, the value is 15.71. This value exceeds the healthy maximum of 2. It has increased from 12.82 (Mar 23) to 15.71, marking an increase of 2.89.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 2.80. This value is below the healthy minimum of 4. It has increased from 2.51 (Mar 23) to 2.80, marking an increase of 0.29.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 22.63. This value is within the healthy range. It has increased from 12.89 (Mar 23) to 22.63, marking an increase of 9.74.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 20.75. This value is within the healthy range. It has increased from 11.69 (Mar 23) to 20.75, marking an increase of 9.06.
For Earning Retention Ratio (%), as of Mar 24, the value is 77.37. This value exceeds the healthy maximum of 70. It has decreased from 87.11 (Mar 23) to 77.37, marking a decrease of 9.74.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 79.25. This value exceeds the healthy maximum of 70. It has decreased from 88.31 (Mar 23) to 79.25, marking a decrease of 9.06.
For Interest Coverage Ratio (X), as of Mar 24, the value is 160.74. This value is within the healthy range. It has decreased from 307.62 (Mar 23) to 160.74, marking a decrease of 146.88.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 112.30. This value is within the healthy range. It has decreased from 212.87 (Mar 23) to 112.30, marking a decrease of 100.57.
For Enterprise Value (Cr.), as of Mar 24, the value is 186.74. It has increased from 114.54 (Mar 23) to 186.74, marking an increase of 72.20.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 2.88. This value is within the healthy range. It has increased from 1.59 (Mar 23) to 2.88, marking an increase of 1.29.
For EV / EBITDA (X), as of Mar 24, the value is 11.59. This value is within the healthy range. It has increased from 8.06 (Mar 23) to 11.59, marking an increase of 3.53.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 4.59. This value exceeds the healthy maximum of 3. It has increased from 3.03 (Mar 23) to 4.59, marking an increase of 1.56.
For Retention Ratios (%), as of Mar 24, the value is 77.36. This value exceeds the healthy maximum of 70. It has decreased from 87.10 (Mar 23) to 77.36, marking a decrease of 9.74.
For Price / BV (X), as of Mar 24, the value is 2.21. This value is within the healthy range. It has increased from 1.74 (Mar 23) to 2.21, marking an increase of 0.47.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 4.59. This value exceeds the healthy maximum of 3. It has increased from 3.03 (Mar 23) to 4.59, marking an increase of 1.56.
For EarningsYield, as of Mar 24, the value is 0.03. This value is below the healthy minimum of 5. It has decreased from 0.04 (Mar 23) to 0.03, marking a decrease of 0.01.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Multibase India Ltd as of April 3, 2025 is: 221.37

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of April 3, 2025, Multibase India Ltd is Overvalued by 22.05% compared to the current share price 284.00

Intrinsic Value of Multibase India Ltd as of April 3, 2025 is: 258.41

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of April 3, 2025, Multibase India Ltd is Overvalued by 9.01% compared to the current share price 284.00

Last 5 Year EPS CAGR: 16.73%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 21.67%, which is a positive sign. The company has higher reserves (75.00 cr) compared to borrowings (0.00 cr), indicating strong financial stability. The company has shown consistent growth in sales (70.62 cr) and profit (14.62 cr) over the years.	The stock has a high average Working Capital Days of 99.25, which may not be favorable. The stock has a high average Cash Conversion Cycle of 102.08, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Multibase India Ltd:
1. Net Profit Margin: 17.22%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 11.03% (Industry Average ROCE: 13.76%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 8.28% (Industry Average ROE: 10.03%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 112.3
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 15.71
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 24.7 (Industry average Stock P/E: 65.1)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Multibase India Ltd. is a Public Limited Listed company incorporated on 17/12/1991 and has its registered office in the State of Daman & Diu, India. Company's Corporate Identification Number(CIN) is L01122DD1991PLC002959 and registration number is 002959. Currently Company is involved in the business activities of Manufacture of mixture of synthetic and natural or rubber like gums. Company's Total Operating Revenue is Rs. 64.74 Cr. and Equity Capital is Rs. 12.62 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Plastics - Plastic & Plastic Products	74/5-6, Daman Industrial Estate, Kadaiya Village, Nani-Daman Daman & Diu 396210	compliance.officer@multibaseindia.com http://www.multibaseindia.com

Management
Name	Position Held
Mr. Deepak Dhanak	Managing Director
Mr. Krishan Kumar Phophalia	Non Executive Director
Mr. Mark Stephen Metaxas	Non Executive Director
Ms. Bharti Dhar	Ind. Non-Executive Director
Mr. Piyush Chhajed	Ind. Non-Executive Director
Mr. B Renganathan	Ind. Non-Executive Director

FAQ

What is the intrinsic value of Multibase India Ltd?

Multibase India Ltd's intrinsic value (as of 03 April 2025) is ₹221.37 — 22.05% lower the current market price of ₹284.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 359 Cr. market cap, FY2025-2026 high/low of ₹622/222, reserves of 126 Cr, and liabilities of 153 Cr.

What is the Market Cap of Multibase India Ltd?

The Market Cap of Multibase India Ltd is 359 Cr..

What is the current Stock Price of Multibase India Ltd as on 03 April 2025?

The current stock price of Multibase India Ltd as on 03 April 2025 is 284.

What is the High / Low of Multibase India Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Multibase India Ltd stocks is ₹622/222.

What is the Stock P/E of Multibase India Ltd?

The Stock P/E of Multibase India Ltd is 24.7.

What is the Book Value of Multibase India Ltd?

The Book Value of Multibase India Ltd is 110.

What is the Dividend Yield of Multibase India Ltd?

The Dividend Yield of Multibase India Ltd is 18.7 %.

What is the ROCE of Multibase India Ltd?

The ROCE of Multibase India Ltd is 11.6 %.

What is the ROE of Multibase India Ltd?

The ROE of Multibase India Ltd is 8.58 %.

What is the Face Value of Multibase India Ltd?

The Face Value of Multibase India Ltd is 10.0.