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Last Updated: April 2, 2026, 4:51 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 526169 | NSE: MULTIBASE

Multibase India Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:51 am

Market Cap 218 Cr.
Current Price 173
Intrinsic Value₹190.60
High / Low 308/156
Stock P/E17.4
Book Value 66.3
Dividend Yield30.6 %
ROCE18.6 %
ROE13.8 %
Face Value 10.0
PEG Ratio1.19

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

View Share Price Target for Multibase India Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Multibase India Ltd 218 Cr. 173 308/15617.4 66.330.6 %18.6 %13.8 % 10.0
Pil Italica Lifestyle Ltd 165 Cr. 7.01 20.6/6.2036.7 3.490.00 %8.90 %6.18 % 1.00
Harshdeep Hortico Ltd 126 Cr. 78.0 116/61.211.2 33.00.00 %27.1 %23.0 % 10.0
Plastiblends India Ltd 327 Cr. 126 232/12110.1 1681.98 %10.3 %7.58 % 5.00
TPL Plastech Ltd 449 Cr. 57.6 95.5/50.016.1 19.51.74 %19.8 %17.0 % 2.00
Industry Average6,264.50 Cr584.0532.34182.193.70%15.97%13.13%6.10

All Competitor Stocks of Multibase India Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 16.9918.0418.0816.2615.7414.6519.2318.4217.1515.9516.7618.5313.53
Expenses 15.0812.8116.1615.1713.6011.4815.6314.4114.7811.1514.3115.159.67
Operating Profit 1.915.231.921.092.143.173.604.012.374.802.453.383.86
OPM % 11.24%28.99%10.62%6.70%13.60%21.64%18.72%21.77%13.82%30.09%14.62%18.24%28.53%
Other Income 0.881.651.671.781.882.451.932.021.130.980.870.770.84
Interest 0.000.050.020.000.000.080.000.000.000.010.000.000.00
Depreciation 0.290.160.310.200.250.260.270.280.290.300.240.280.29
Profit before tax 2.506.673.262.673.775.285.265.753.215.473.083.874.41
Tax % 25.20%25.64%25.46%24.72%27.06%25.38%25.48%25.39%25.86%25.41%25.32%25.84%25.62%
Net Profit 1.874.962.442.012.763.953.924.292.384.072.302.863.28
EPS in Rs 1.483.931.931.592.193.133.113.401.893.231.822.272.60

Last Updated: March 3, 2026, 8:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 17, 2026, 11:27 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 5562708610911060536272657165
Expenses 47515668809053475663565650
Operating Profit 710141929207771081514
OPM % 13%17%20%22%26%18%11%13%11%13%13%21%22%
Other Income 1122234435863
Interest 0000000000000
Depreciation 0111111111111
Profit before tax 811152030221010913152017
Tax % 33%34%35%35%35%30%24%32%27%26%26%26%
Net Profit 571013201587610111513
EPS in Rs 4.035.727.8310.5215.4912.175.975.325.027.768.8411.619.92
Dividend Payout % 0%0%0%0%0%0%0%38%20%26%34%457%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)40.00%42.86%30.00%53.85%-25.00%-46.67%-12.50%-14.29%66.67%10.00%36.36%
Change in YoY Net Profit Growth (%)0.00%2.86%-12.86%23.85%-78.85%-21.67%34.17%-1.79%80.95%-56.67%26.36%

Multibase India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:1%
5 Years:3%
3 Years:4%
TTM:4%
Compounded Profit Growth
10 Years:7%
5 Years:14%
3 Years:32%
TTM:3%
Stock Price CAGR
10 Years:2%
5 Years:9%
3 Years:8%
1 Year:-20%
Return on Equity
10 Years:12%
5 Years:8%
3 Years:10%
Last Year:14%

Last Updated: September 5, 2025, 3:46 pm

Balance Sheet

Last Updated: December 4, 2025, 3:06 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 13131313131313131313131313
Reserves 212938527187941011051131226671
Borrowings 0000000000000
Other Liabilities 76812321210121211101013
Total Liabilities 414759771161111171261301371448996
Fixed Assets 5589101011101111121313
CWIP 0000000000000
Investments 0000000000000
Other Assets 364251681061011061151191261337683
Total Assets 414759771161111171261301371448996

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 377525520105956
Cash from Investing Activity + 1-974-3032-021343
Cash from Financing Activity + -00000-10100-2-1-3-71
Net Cash Flow 3-1148-52631123106-62
Free Cash Flow 26432341993834
CFO/OP 73%105%89%57%128%59%347%166%101%128%106%71%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow7.0010.0014.0019.0029.0020.007.007.007.0010.008.0015.00

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

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 716067818061717764585152
Inventory Days 10584106128132831061231036195116
Days Payable 52365266157437210179555340
Cash Conversion Cycle 1241081201445610110698886493128
Working Capital Days 12010510312172131989078627785
ROCE %24%29%33%35%40%24%10%9%8%11%12%19%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
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 0.33%0.33%0.33%0.33%0.33%0.17%0.17%0.17%0.00%0.00%0.00%0.00%
Public 24.68%24.68%24.67%24.68%24.66%24.82%24.83%24.82%25.00%25.00%25.00%25.00%
No. of Shareholders 8,2378,1388,5788,6558,6379,1379,24217,55719,51619,91519,85519,755

Shareholding Pattern Chart

No. of Shareholders

Multibase India Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 11.618.847.765.025.32
Diluted EPS (Rs.) 11.618.847.765.025.32
Cash EPS (Rs.) 12.519.648.555.776.11
Book Value[Excl.RevalReserv]/Share (Rs.) 62.21106.6399.8093.0690.05
Book Value[Incl.RevalReserv]/Share (Rs.) 62.21106.6399.8093.0690.05
Dividend / Share (Rs.) 53.003.002.001.002.00
Revenue From Operations / Share (Rs.) 56.0651.3057.2249.5142.35
PBDIT / Share (Rs.) 16.5212.7611.267.638.58
PBIT / Share (Rs.) 15.6211.9610.476.887.79
PBT / Share (Rs.) 15.6111.8810.436.847.79
Net Profit / Share (Rs.) 11.618.847.765.025.32
PBDIT Margin (%) 29.4624.8719.6815.4120.25
PBIT Margin (%) 27.8623.3118.2913.8918.39
PBT Margin (%) 27.8323.1618.2313.8018.39
Net Profit Margin (%) 20.7117.2213.5510.1412.56
Return on Networth / Equity (%) 18.668.287.775.395.90
Return on Capital Employeed (%) 24.5211.0310.327.298.54
Return On Assets (%) 16.547.727.134.885.33
Asset Turnover Ratio (%) 0.600.450.540.480.44
Current Ratio (X) 9.2217.2413.7511.0910.81
Quick Ratio (X) 7.5215.7112.829.919.68
Inventory Turnover Ratio (X) 5.512.802.512.161.75
Dividend Payout Ratio (NP) (%) 482.2422.6312.8939.810.00
Dividend Payout Ratio (CP) (%) 447.7320.7511.6934.640.00
Earning Retention Ratio (%) -382.2477.3787.1160.190.00
Cash Earning Retention Ratio (%) -347.7379.2588.3165.360.00
Interest Coverage Ratio (X) 1031.87160.74307.62172.580.00
Interest Coverage Ratio (Post Tax) (X) 726.49112.30212.87114.610.00
Enterprise Value (Cr.) 295.33186.74114.54148.81150.18
EV / Net Operating Revenue (X) 4.172.881.592.382.81
EV / EBITDA (X) 14.1711.598.0615.4513.87
MarketCap / Net Operating Revenue (X) 4.894.593.033.894.51
Retention Ratios (%) -382.2477.3687.1060.180.00
Price / BV (X) 4.412.211.742.072.12
Price / Net Operating Revenue (X) 4.894.593.033.894.51
EarningsYield 0.040.030.040.020.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Multibase India Ltd as of April 3, 2026 is: ₹166.33

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, 2026, Multibase India Ltd is Overvalued by 3.86% compared to the current share price ₹173.00

Intrinsic Value of Multibase India Ltd as of April 3, 2026 is: ₹190.60

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, 2026, Multibase India Ltd is Undervalued by 10.17% compared to the current share price ₹173.00

Last 5 Year EPS CAGR: 14.59%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 21.17%, which is a positive sign.
  2. The company has higher reserves (74.62 cr) compared to borrowings (0.00 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (72.31 cr) and profit (15.38 cr) over the years.
  1. The stock has a high average Working Capital Days of 95.17, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 102.50, 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: 20.71%
      • 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: 24.52% (Industry Average ROCE: 15.97%)
      • 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%: 18.66% (Industry Average ROE: 13.13%)
      • 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): 726.49
      • 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: 7.52
      • 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: 17.4 (Industry average Stock P/E: 32.34)
      • 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. 70.75 Cr. and Equity Capital is Rs. 12.62 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Plastics - Plastic & Plastic Products74/5-6, Daman Industrial Estate, Nani-Daman Daman & Diu 396210Contact not found
Management
NamePosition Held
Mr. B RenganathanChairman(NonExe.&Ind.Director)
Mr. Pankajkumar HolaniManaging Director
Mr. Mohd Sopin PeerzadeNon Executive Director
Mr. Jason GalinskiNon Executive Director
Mr. Piyush ChhajedInd. Non-Executive Director
Ms. Bharti DharInd. Non-Executive Director

FAQ

What is the intrinsic value of Multibase India Ltd?

Multibase India Ltd's intrinsic value (as of 03 April 2026) is ₹190.60 which is 10.17% higher the current market price of ₹173.00, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's ₹218 Cr. market cap, FY2026-2027 high/low of ₹308/156, reserves of ₹71 Cr, and liabilities of ₹96 Cr.

What is the Market Cap of Multibase India Ltd?

The Market Cap of Multibase India Ltd is 218 Cr..

What is the current Stock Price of Multibase India Ltd as on 03 April 2026?

The current stock price of Multibase India Ltd as on 03 April 2026 is ₹173.

What is the High / Low of Multibase India Ltd stocks in FY 2026-2027?

In FY 2026-2027, the High / Low of Multibase India Ltd stocks is ₹308/156.

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

The Stock P/E of Multibase India Ltd is 17.4.

What is the Book Value of Multibase India Ltd?

The Book Value of Multibase India Ltd is 66.3.

What is the Dividend Yield of Multibase India Ltd?

The Dividend Yield of Multibase India Ltd is 30.6 %.

What is the ROCE of Multibase India Ltd?

The ROCE of Multibase India Ltd is 18.6 %.

What is the ROE of Multibase India Ltd?

The ROE of Multibase India Ltd is 13.8 %.

What is the Face Value of Multibase India Ltd?

The Face Value of Multibase India Ltd is 10.0.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Multibase India Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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