On 6 Nov 2026, Multibase India was priced at ₹174.40, or 19.2× trailing earnings, against an industry P/E of 22.1×, and the shares are 34% below their 52-week high. Its ROCE of 15% is the second-lowest among the 7 largest Specialty Chemicals peers, and sales fell 2.7% a year over 3 years while net profit grew 2.1%. It is a small-cap company with a market cap of ₹220 Cr, ranked 129th of 204 Specialty Chemicals companies by market cap; the shares fell 26% over the past year.
- ₹176.85
- ₹178.10
- ₹173.00
- ₹175.45
- 8.3K
Health check
- ReturnsBehind
−25.6% over a year, better than 0 of 7 peers.
- Price tagIn line
P/E 19.2 vs industry 22.1.
- GrowthSlow
Sales −2.7%, profit +2.1% a year over 3 years.
- ProfitabilityWeak
ROCE 15.3% vs peer median 24.4%.
- Balance sheetFair
Piotroski 4 of 9.
- Red flags1 to check
34% below its 52-week high.
Small cap
Defensive
Key metrics
- Market cap
- ₹220 Cr
- Small cap
- P/E
- 19.2
- Industry 22.1
- Price to book
- 2.48
- Peers 13.33
- Dividend yield
- 0.00%
- ROE
- 12.5%
- Peers 23.0%
- ROCE
- 15.3%
- Peers 24.4%
- Debt to equity
- n/a
- Debt ₹0.00 Cr
- EPS (TTM)
- ₹9.10
- OPM (TTM)
- 18.0%
- Net margin 16.2%
- Sales growth
- +25.1%
- Latest quarter vs a year ago
- Profit growth
- +46.2%
- Latest quarter vs a year ago
- Price to sales
- 3.11
- EV/EBITDA 11.2
Strengths and risks
Strengths
- Quarterly profit up 46.2% on a year ago.
- Quarterly sales up 25.1% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- 34% below its 52-week high.
About Multibase India
Multibase India Limited manufactures, trades, and sells thermoplastic elastomers and silicone-based products in India and internationally. It offers polypropylene compounds, silicon and thermoplastic master batch, siloxane master batch, TPSiV multiflex SiE, multipro, and other related products. The company serves the automotive, portable electronics, building and construction, consumer, and industrial sectors. It exports its products. The company was…
- Headquarters
- Daman
- Employees
- 22
- Sector
- Basic Materials
- ISIN
- INE678F01014
- Website
- multibaseindia.com
Price range
- Avg volume (3M)
- 5.6K
- 1-year return
- minus 25.6%
- From 52-week high
- minus 34.2%
Peers · Specialty Chemicals
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ASIANPAINTAsian Paints | 2,546.00 | plus 0.88% | 2,44,025 | 50.5 | 35.0 | 24.4% | 18.9% | 0.21 | 1.1% | plus 1.5% |
| SOLARINDSSolar Industries India | 18,608.00 | plus 0.48% | 1,68,384 | 74.4 | 64.1 | 29.5% | 27.8% | 0.22 | 12.4% | plus 35.9% |
| PIDILITINDPidilite Industries | 1,579.00 | plus 1.63% | 1,60,827 | 60.0 | 44.4 | 28.5% | 23.5% | 0.03 | 7.4% | plus 6.8% |
| LINDEINDIALinde India | 6,859.00 | plus 8.73% | 58,496 | 118.4 | 64.2 | 16.3% | 31.5% | 0.23 | – | plus 5.4% |
| BERGEPAINTBerger Paints India | 478.35 | minus 5.28% | 55,776 | 45.4 | 29.4 | 20.6% | 15.3% | 0.15 | 4.2% | minus 6.0% |
| FLUOROCHEMGujarat Fluorochemicals | 4,665.50 | minus 0.94% | 51,251 | 75.9 | 44.0 | 9.6% | 24.1% | 0.26 | −4.5% | plus 28.0% |
| ACUTAASAcutaas Chemicals | 3,786.60 | plus 0.42% | 31,001 | 70.9 | 64.1 | 27.7% | 39.4% | 0.01 | 29.4% | plus 105.6% |
| MULTIBASEMultibase India | 174.40 | minus 0.60% | 220 | 19.2 | 11.9 | 15.3% | 18.0% | – | −2.7% | minus 25.6% |
| Median of 7 peers | – | 0.48% | 58,496 | 70.9 | 44.4 | 24.4% | 24.1% | 0.21 | 5.8% | 6.8% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 16.8 | 18.5 | 13.5 | 17.8 | 21 | |
| 14.3 | 15.2 | 9.7 | 16 | 17.3 | |
| 2.5 | 3.4 | 3.9 | 1.8 | 3.7 | |
| 14.7% | 18.2% | 28.5% | 10.0% | 17.7% | |
| 0.9 | 0.8 | 0.8 | 1.2 | 1 | |
| 0 | – | – | 0 | 0 | |
| 0.2 | 0.3 | 0.3 | 0.4 | 0.3 | |
| 3.1 | 3.9 | 4.4 | 2.6 | 4.4 | |
| 25.4% | 25.9% | 25.6% | 23.1% | 23.0% | |
| 2.3 | 2.9 | 3.3 | 2 | 3.4 | |
| 1.82 | 2.27 | 2.60 | 1.57 | 2.66 |
Profit & loss
- Sales CAGR 3Y
- −2.7%
- Profit CAGR 3Y
- +2.1%
- EPS CAGR 3Y
- +2.1%
- ROE
- 12.5%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 72.2 | 64.7 | 70.7 | 66.6 | |
| – | minus 10.4% | +9.3% | minus 5.9% | |
| 61.5 | 56.2 | 55.7 | 54.7 | |
| 10.7 | 8.5 | 15.1 | 11.9 | |
| 14.8% | 13.1% | 21.3% | 17.8% | |
| 3.5 | 7.6 | 5.8 | 3.3 | |
| 0.1 | 0.1 | 0 | 0 | |
| 1 | 1 | 1.1 | 1.2 | |
| 0 | −0 | −0 | – | |
| 13.2 | 15 | 19.7 | 13.9 | |
| 25.6% | 25.6% | 25.6% | 25.2% | |
| 9.8 | 11.2 | 14.7 | 10.4 | |
| – | +13.9% | +31.4% | minus 28.8% | |
| 7.76 | 8.84 | 11.61 | 8.26 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 12.6 | 12.6 | 12.6 | 12.6 | |
| 113 | 122 | 65.9 | 76.3 | |
| 11.2 | 9.9 | 10.1 | 14.4 | |
| 137 | 144 | 88.6 | 103 | |
| 11.2 | 12.1 | 12.6 | 13.2 | |
| 0.1 | 0.5 | – | 0.3 | |
| 0.1 | 0.1 | 0.4 | – | |
| 104 | 111 | 48.5 | 62.1 | |
| 21.5 | 21.2 | 27.1 | 27.8 | |
| 137 | 144 | 88.6 | 103 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 8.7 | 4.5 | 5.8 | 12.6 | |
| 2.7 | 4.3 | 2.9 | 1.1 | |
| −1.2 | −2.5 | −70.7 | – | |
| 10.2 | 6.3 | −62 | 13.6 | |
| −1.1 | −1.9 | −2.2 | −1.8 | |
| 7.6 | 2.6 | 3.6 | 10.8 | |
| −1.2 | −2.5 | −70.7 | – |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
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