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Last Updated on: 22 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo
Stock Ticker - BSE: 526169 | NSE: MULTIBASE

Multibase India Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 12:44 am

Market Cap 470 Cr.
Current Price 373
High / Low 622/225
Stock P/E31.5
Book Value 110
Dividend Yield14.2 %
ROCE11.6 %
ROE8.58 %
Face Value 10.0
PEG Ratio1.82

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

View Share Price Target for

Competitors of

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Multibase India Ltd 470 Cr. 373 622/22531.5 11014.2 %11.6 %8.58 % 10.0
IIRM Holdings India Ltd 736 Cr. 108 172/22.932.5 18.70.00 %%% 5.00
Fiberweb (India) Ltd 173 Cr. 60.2 66.6/29.015.1 58.30.00 %5.17 %4.61 % 10.0
Deep Polymers Ltd 160 Cr. 66.0 120/64.921.6 35.50.00 %9.48 %9.69 % 10.0
DDev Plastiks Industries Ltd 2,917 Cr. 282 458/16015.4 71.20.53 %41.9 %31.5 % 1.00
Industry Average5,063.24 Cr742.3860.82191.240.95%15.72%13.15%7.75

All Competitor Stocks of

Quarterly Result

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Sales14.9413.8118.8118.2018.9816.9918.0418.0816.2615.7414.6519.2318.42
Expenses13.6312.8115.9516.9717.7215.0812.8116.1615.1713.6011.4815.6314.39
Operating Profit1.311.002.861.231.261.915.231.921.092.143.173.604.03
OPM %8.77%7.24%15.20%6.76%6.64%11.24%28.99%10.62%6.70%13.60%21.64%18.72%21.88%
Other Income0.710.760.840.881.180.881.651.671.781.882.451.932.02
Interest0.000.000.060.000.000.000.050.020.000.000.080.000.02
Depreciation0.240.240.230.280.270.290.160.310.200.250.260.270.28
Profit before tax1.781.523.411.832.172.506.673.262.673.775.285.265.75
Tax %25.84%27.63%27.27%25.14%26.73%25.20%25.64%25.46%24.72%27.06%25.38%25.48%25.39%
Net Profit1.321.102.471.371.581.874.962.442.012.763.953.924.29
EPS in Rs1.050.871.961.091.251.483.931.931.592.193.133.113.40

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales4555627086109110605362726568
Expenses39475156688090534756635655
Operating Profit67101419292077710813
OPM %14%13%17%20%22%26%18%11%13%11%13%13%19%
Other Income1112223443588
Interest0000000000000
Depreciation0011111111111
Profit before tax78111520302210109131520
Tax %31%33%34%35%35%35%30%24%32%27%26%26%
Net Profit45710132015876101115
EPS in Rs3.564.035.727.8310.5215.4912.175.975.325.027.768.8411.83
Dividend Payout %0%0%0%0%0%0%0%0%38%20%26%34%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
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%

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:32%
Stock Price CAGR
10 Years:5%
5 Years:24%
3 Years:21%
1 Year:57%
Return on Equity
10 Years:12%
5 Years:7%
3 Years:7%
Last Year:9%

Last Updated: Unknown

Balance Sheet

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital13131313131313131313131313
Reserves1621293852718794101105113122126
Borrowings0000000000000
Other Liabilities7768123212101212111014
Total Liabilities3641475977116111117126130137144153
Fixed Assets555891010111011111212
CWIP0000000000000
Investments0000000000000
Other Assets3236425168106101106115119126133141
Total Assets3641475977116111117126130137144153

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +-037752552010595
Cash from Investing Activity +-21-974-3032-02134
Cash from Financing Activity +-0-00000-10100-2-1-3
Net Cash Flow-33-1148-52631123106

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow6.007.0010.0014.0019.0029.0020.007.007.007.0010.008.00

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 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days767160678180617177645851
Inventory Days12610584106128132831061231036195
Days Payable77523652661574372101795554
Cash Conversion Cycle1251241081201445610110698886491
Working Capital Days134120105103121721319890786277
ROCE %25%24%29%33%35%40%24%10%9%8%11%12%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%
FIIs1.03%1.03%1.03%1.03%0.33%0.33%0.33%0.33%0.33%0.33%0.17%0.17%
Public23.97%23.97%23.97%23.98%24.67%24.68%24.68%24.67%24.68%24.66%24.82%24.83%
No. of Shareholders8,2518,4588,4008,4318,3918,2378,1388,5788,6558,6379,1379,242

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)8.847.765.025.325.97
Diluted EPS (Rs.)8.847.765.025.325.97
Cash EPS (Rs.)9.648.555.776.116.73
Book Value[Excl.RevalReserv]/Share (Rs.)106.6399.8093.0690.0584.71
Book Value[Incl.RevalReserv]/Share (Rs.)106.6399.8093.0690.0584.71
Dividend / Share (Rs.)3.002.001.002.000.00
Revenue From Operations / Share (Rs.)51.3057.2249.5142.3547.37
PBDIT / Share (Rs.)12.7611.267.638.588.65
PBIT / Share (Rs.)11.9610.476.887.797.89
PBT / Share (Rs.)11.8810.436.847.797.89
Net Profit / Share (Rs.)8.847.765.025.325.97
PBDIT Margin (%)24.8719.6815.4120.2518.26
PBIT Margin (%)23.3118.2913.8918.3916.66
PBT Margin (%)23.1618.2313.8018.3916.66
Net Profit Margin (%)17.2213.5510.1412.5612.61
Return on Networth / Equity (%)8.287.775.395.907.05
Return on Capital Employeed (%)11.0310.327.298.549.19
Return On Assets (%)7.727.134.885.336.46
Asset Turnover Ratio (%)0.450.540.480.440.52
Current Ratio (X)17.2413.7511.0910.8112.61
Quick Ratio (X)15.7112.829.919.6811.21
Inventory Turnover Ratio (X)2.802.512.161.751.79
Dividend Payout Ratio (NP) (%)22.6312.8939.810.000.00
Dividend Payout Ratio (CP) (%)20.7511.6934.640.000.00
Earning Retention Ratio (%)77.3787.1160.190.000.00
Cash Earning Retention Ratio (%)79.2588.3165.360.000.00
Interest Coverage Ratio (X)160.74307.62172.580.000.00
Interest Coverage Ratio (Post Tax) (X)112.30212.87114.610.000.00
Enterprise Value (Cr.)186.74114.54148.81150.1825.91
EV / Net Operating Revenue (X)2.881.592.382.810.43
EV / EBITDA (X)11.598.0615.4513.872.37
MarketCap / Net Operating Revenue (X)4.593.033.894.511.76
Retention Ratios (%)77.3687.1060.180.000.00
Price / BV (X)2.211.742.072.120.98
Price / Net Operating Revenue (X)4.593.033.894.511.76
EarningsYield0.030.040.020.020.07

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 22, 2024 is: 339.51

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 December 22, 2024, is Overvalued by 8.98% compared to the current share price 373.00

Intrinsic Value of as of December 22, 2024 is: 398.35

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 December 22, 2024, is Undervalued by 6.80% compared to the current share price 373.00

Last 5 Year EPS CAGR: 17.33%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 21.67%, which is a positive sign.
  2. The company has higher reserves (75.00 cr) compared to borrowings (0.00 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (70.54 cr) and profit (14.62 cr) over the years.
  1. The stock has a high average Working Capital Days of 99.25, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 102.08, which may not be favorable.
  • 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 :
    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: 15.72%)
      • 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: 13.15%)
      • 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: 31.5 (Industry average Stock P/E: 60.82)
      • 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. 62.48 Cr. and Equity Capital is Rs. 12.62 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Plastics - Plastic & Plastic Products74/5-6, Daman Industrial Estate, Kadaiya Village, Nani-Daman Daman & Diu 396210compliance.officer@multibaseindia.com
http://www.multibaseindia.com
Management
NamePosition Held
Mr. Deepak DhanakManaging Director
Mr. Krishan Kumar PhophaliaNon Executive Director
Mr. Mark Stephen MetaxasNon Executive Director
Ms. Bharti DharInd. Non-Executive Director
Mr. Piyush ChhajedInd. Non-Executive Director
Mr. B RenganathanInd. Non-Executive Director

FAQ

What is the latest intrinsic value of Multibase India Ltd?

The latest intrinsic value of Multibase India Ltd as on 21 December 2024 is ₹339.51, which is 8.98% lower than the current market price of ₹373.00. The stock has a market capitalization of 470 Cr. and recorded a high/low of 622/225 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹126 Cr and total liabilities of ₹153 Cr.

What is the Market Cap of Multibase India Ltd?

The Market Cap of Multibase India Ltd is 470 Cr..

What is the current Stock Price of Multibase India Ltd as on 21 December 2024?

The current stock price of Multibase India Ltd as on 21 December 2024 is 373.

What is the High / Low of Multibase India Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Multibase India Ltd stocks is 622/225.

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

The Stock P/E of Multibase India Ltd is 31.5.

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 14.2 %.

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.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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 . 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