Recent Price Movement and Market Context
On 24 Nov 2025, Multibase India’s share price touched an intraday low of Rs.219, representing a fall of 5.17% during the trading session. This decline extended the stock’s losing streak to two consecutive days, with a cumulative return of -5.13% over this period. The stock underperformed its sector by 2.51% on the day, highlighting relative weakness within the specialty chemicals space.
Multibase India is currently trading below all major moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical positioning underscores the sustained downward momentum in the stock price over recent months.
In contrast, the broader market has shown resilience. The Sensex opened 88.12 points higher and was trading at 85,419.14, up 0.22% on the day. The index is approaching its 52-week high of 85,801.70, with a gain of 2.65% over the past three weeks. Mega-cap stocks have been leading this rally, supported by the Sensex’s position above its 50-day and 200-day moving averages.
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Long-Term Performance and Valuation Metrics
Over the last year, Multibase India’s stock price has declined by approximately 60.55%, a stark contrast to the Sensex’s positive return of 7.97% during the same period. The stock’s 52-week high was Rs.621.80, indicating a substantial retracement from its peak levels.
The company’s price-to-book value stands at 3.5, which is considered relatively high within its sector. Despite this, the stock is trading at a discount compared to the average historical valuations of its peers. The return on equity (ROE) is recorded at 13.9%, reflecting the company’s profitability relative to shareholder equity.
Multibase India’s dividend yield is notable at 22.95% based on the current price, which is among the higher yields in the specialty chemicals sector. This yield reflects the company’s dividend distribution relative to its market price, offering a significant income component for shareholders.
Financial Results and Operational Indicators
The company’s profit after tax (PAT) for the latest six-month period is Rs.5.16 crore, showing a contraction of 37.15% compared to the previous corresponding period. This decline in profitability has contributed to the subdued market sentiment surrounding the stock.
Additionally, the debtors turnover ratio for the half-year stands at 5.26 times, which is the lowest among recent periods. This ratio indicates the efficiency with which the company collects receivables, and a lower figure may suggest slower collection cycles.
Multibase India maintains a low average debt-to-equity ratio, effectively at zero, signalling minimal reliance on debt financing. This conservative capital structure is a notable aspect of the company’s financial profile.
Comparative Sector and Market Performance
In the context of the BSE500 index, Multibase India has underperformed over multiple time frames, including the last three years, one year, and three months. This consistent underperformance relative to a broad market benchmark highlights the challenges faced by the company in delivering shareholder returns.
The specialty chemicals sector itself has experienced mixed performance, with some peers maintaining steadier valuations and returns. Multibase India’s relative discount to peer valuations may reflect market concerns about its recent financial trends and price momentum.
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Shareholding and Market Capitalisation
The majority shareholding in Multibase India is held by promoters, indicating concentrated ownership. The company’s market capitalisation grade is rated at 4, reflecting its size within the market spectrum.
Despite the recent price weakness, the company’s low debt levels and high dividend yield remain key features of its financial profile. However, the stock’s current valuation and price action suggest that it is navigating a challenging phase within the specialty chemicals sector.
Summary of Key Price and Performance Data
To summarise, Multibase India’s stock has reached a 52-week low of Rs.219, with a day’s decline of 3.44%. The stock’s price is well below all major moving averages, reflecting sustained downward pressure. Over the past year, the stock’s return stands at -60.55%, contrasting with the Sensex’s positive 7.97% return. Profitability metrics have shown contraction, with PAT down by 37.15% in the latest six months. The company’s dividend yield remains high at 22.95%, while its debt-to-equity ratio is effectively zero.
These factors collectively illustrate the current market environment for Multibase India, characterised by subdued price performance and financial metrics that have influenced investor sentiment.
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