Multibase India

Why is Multibase India Ltd falling/rising?

As of 04-Aug, Multibase India Ltd's stock price is Rs 180.65, down 1.2%, reflecting a trend of underperformance with a significant decline in long-term growth and recent quarterly profits. The stock has fallen 32.09% over the past year, indicating ongoing challenges despite some positive factors.

As of 04-Aug, Multibase India Ltd's stock price is falling, currently at Rs 180.65, which reflects a decrease of Rs 2.2 or 1.2%. This decline is part of a trend where the stock has underperformed its sector by 0.76% today and has fallen after two consecutive days of gains. <BR><BR>In terms of performance metrics, the stock has shown poor long-term growth, with net sales growing at an annual rate of only 4.49% and operating profit at 12.39% over the last five years. Additionally, the company reported negative results for the quarter ending March 26, with a profit after tax (PAT) of Rs 1.99 crore, which is a significant drop of 36.4% compared to the previous four-quarter average. The operating profit to net sales ratio is at its lowest, recorded at 10.02%.<BR><BR>The stock has also experienced a substantial decline over the past year, generating a return of -32.09%, while profits have decreased by 28.9%. This underperformance is further highlighted by the stock's performance against the benchmark Sensex, where it has lagged behind in the last three years, one year, and three months.<BR><BR>Despite some positive factors, such as being net-debt free and having rising investor participation, the overall indicators suggest that the stock is facing significant challenges, leading to its current downward trend.

Which are the latest news on Multibase India?

How big is Multibase India?

As of 10th June, Multibase India Ltd has a market capitalization of 241.00 Cr, with net sales of 388.07 Cr over the last three quarters and a net profit loss of 86.43 Cr. Shareholder's funds are 78.51 Cr and total assets are 88.58 Cr as of March 2025.

As of 10th June, Multibase India Ltd has a market capitalization of 241.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest quarterly performance, the sum of Net Sales for the latest three quarters is 388.07 Cr. However, the company has reported a loss of 86.43 Cr in Net Profit over the same period.<BR><BR>The latest annual period for the balance sheet is March 2025, with Shareholder's Funds amounting to 78.51 Cr and Total Assets valued at 88.58 Cr.

Who are in the management team of Multibase India?

The management team of Multibase India includes Deepak Dhanak (Executive Director & Managing Director), Harish N Motiwalla (Chairman & Independent Director), Ashok Chhabra, Bharti Dhar (both Independent Non-Executive Directors), and Krishan Phophali and Mark Stephen Metaxas (both Non-Executive & Non-Independent Directors).

The management team of Multibase India includes the following individuals:<BR><BR>1. **Deepak Dhanak** - Executive Director & Managing Director<BR>2. **Harish N Motiwalla** - Chairman & Independent Director<BR>3. **Ashok Chhabra** - Independent Non-Executive Director<BR>4. **Bharti Dhar** - Independent Non-Executive Director<BR>5. **Krishan Phophali** - Non-Executive & Non-Independent Director<BR>6. **Mark Stephen Metaxas** - Non-Executive & Non-Independent Director<BR><BR>If you need more details about their roles or the company, feel free to ask!

Who are the peers of the Multibase India?

Multibase India's peers include Narmada Gelatine, Indian Toners, India Gelatine, and others. Narmada Gelatine shows the best performance with a 1-year return of 20.84%, while Multibase India has a return of -35.48%.

Peers: The peers of Multibase India are Narmada Gelatine, Indian Toners, India Gelatine, Diamines & Chem., Vikas Ecotech, Chembond Materi., Cochin Minerals, Dai-ichi Karkari, and Dhariwalcorp.<BR><BR>Quality Snapshot: Excellent management risk is observed at Narmada Gelatine and Cochin Minerals, while Average management risk is found at Indian Toners, Diamines & Chem., Multibase India, Vikas Ecotech, Chembond Materi., Dhariwalcorp, and the rest. Good growth is seen at Narmada Gelatine and Dhariwalcorp, while Average growth is noted at India Gelatine, and Below Average growth is present at Indian Toners, Diamines & Chem., Multibase India, Vikas Ecotech, Chembond Materi., Cochin Minerals, and the rest. Excellent capital structure is held by Narmada Gelatine, Indian Toners, India Gelatine, Diamines & Chem., Multibase India, Chembond Materi., and Cochin Minerals, while Below Average capital structure is found at Vikas Ecotech and Dhariwalcorp, and Good capital structure is noted at Dai-ichi Karkari.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Narmada Gelatine at 20.84%, while the peer with the lowest is Diamines & Chem. at -37.75%. Multibase India’s own 1-year return is -35.48%, which is higher than Diamines & Chem. but lower than Narmada Gelatine. Additionally, Vikas Ecotech, Chembond Materi., Cochin Minerals, Dai-ichi Karkari, and Dhariwalcorp all have negative six-month returns.

What does Multibase India do?

Multibase India Ltd is a micro-cap company in the specialty chemicals industry, reporting net sales of 18 Cr and a net profit of 2 Cr for March 2026. The company has a market cap of INR 241 Cr and a P/E ratio of 22.00.

Overview:<BR>Multibase India Ltd operates in the specialty chemicals industry and is classified as a micro-cap company.<BR><BR>History:<BR>The company was incorporated as Synergy Polymers Limited in 1991, underwent several name changes, and became Multibase India Limited on August 31, 2007. The latest quarterly results reported net sales and net profit for March 2026.<BR><BR>Financial Snapshot:<BR>Net Sales: 18 Cr (Quarterly Results - Mar 2026) <BR>Net Profit: 2 Cr (Quarterly Results - Mar 2026) <BR>Market Cap: INR 241 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: 22.00 <BR>Industry P/E: 14 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: -0.68 <BR>Return on Equity: 12.47% <BR>Price to Book: 2.85 <BR><BR>Contact Details:<BR>Address: 74/5-6 Daman Industrial Estate, Kadaiya Village Nani Daman Daman & Diu (U T) Daman & Diu : 396210 <BR>Tel: 91-260-6614400 <BR>Email: compliance.officer@multibaseindia.c <BR>Website: http://www.multibaseindia.com

Should I buy, sell or hold Multibase India Ltd?

When is the next results date for Multibase India Ltd?

The next results date for Multibase India Ltd is 22 May 2026.

The next results date for Multibase India Ltd is scheduled for 22 May 2026.

Are Multibase India Ltd latest results good or bad?

Multibase India Ltd's latest results are concerning, showing a net loss of ₹19.94 crores and a 40.59% drop in net sales in Q2 FY26, alongside deteriorating margins and significant stock underperformance. Investors should exercise caution due to the company's operational instability and financial challenges.

The latest results for Multibase India Ltd indicate a challenging situation for the company. In Q2 FY26, the company reported a net loss of ₹19.94 crores, which is a significant decline of 176.18% compared to the previous quarter. Additionally, net sales fell sharply by 40.59% to ₹98.53 crores, marking the steepest sequential revenue drop in recent quarters.<BR><BR>The operating margin also deteriorated dramatically, plunging to -30.94%, compared to -6.23% in Q1 FY26. This indicates severe operational distress and raises concerns about the company's ability to manage costs effectively. The company's gross profit margin worsened to -18.81%, reflecting significant pricing pressures or unsustainable cost structures.<BR><BR>Furthermore, the stock has underperformed the market, with a 26% decline over the past year, while the broader Sensex has gained 8.51%. The company's high dividend yield of 22.21% is noteworthy, but it appears unsustainable given the recent financial performance and significant cash depletion following substantial dividend payouts.<BR><BR>Overall, the results suggest a negative outlook for Multibase India Ltd, characterized by operational instability and financial challenges. Investors may want to exercise caution given the current circumstances.

Is Multibase India overvalued or undervalued?

As of November 28, 2025, Multibase India is considered very expensive and overvalued with a PE ratio of 23.74, significantly higher than peers like Agarwal Industrial and Manali Petrochem, and has underperformed the Sensex with a year-to-date return of -35.49%.

As of 28 November 2025, the valuation grade for Multibase India has moved from expensive to very expensive, indicating a significant shift in its market perception. The company is currently deemed overvalued, with a PE ratio of 23.74, an EV to EBITDA ratio of 16.85, and a Price to Book Value of 3.29. These figures suggest that the stock is trading at a premium compared to its earnings and book value.<BR><BR>In comparison to its peers, Agarwal Industrial has a much lower PE ratio of 13.77 and an EV to EBITDA of 8.66, positioning it as very attractive. Manali Petrochem, another peer, is also categorized as very expensive with a PE ratio of 21.77 and an EV to EBITDA of 11.90. The stark contrast in valuation metrics highlights Multibase India's overvaluation in the specialty chemicals sector. Additionally, the company's stock has underperformed significantly against the Sensex, with a year-to-date return of -35.49% compared to the Sensex's 9.68%, reinforcing the notion that the stock may not justify its current price.

How has been the historical performance of Multibase India?

Multibase India faced significant financial challenges in FY 2023, reporting net sales of 1,553.57 crore but a net loss of -63.72 crore, with a negative profit margin and liquidity issues reflected in a net cash outflow of -62.00 crore. The company's operating profit margin was only 0.39%, indicating struggles with profitability and cash flow management.

Answer:<BR>The historical performance of Multibase India shows a challenging financial landscape, particularly in the fiscal year ending March 2023.<BR><BR>Breakdown:<BR>In March 2023, Multibase India reported net sales of 1,553.57 crore, with total operating income also at 1,553.57 crore. The total expenditure, excluding depreciation, was 1,547.52 crore, leading to an operating profit (PBDIT) of 38.36 crore, which translates to an operating profit margin of 0.39%. However, the company faced significant challenges with an interest expense of 72.92 crore, resulting in a profit before tax of -56.75 crore and a profit after tax of -63.72 crore, reflecting a PAT margin of -4.1%. The consolidated net profit stood at -63.86 crore, with earnings per share (EPS) at -5.11. On the balance sheet, total assets were recorded at 137.15 crore, while total liabilities were 137.15 crore, indicating a balance sheet under pressure. The cash flow from operating activities was 8.00 crore, but the net cash outflow was -62.00 crore, highlighting liquidity issues. Overall, the financial metrics indicate a company struggling with profitability and cash flow management.

Who are the top shareholders of the Multibase India?

The top shareholder of Multibase India is Multibase SA, holding 75.0% of the shares, with individual investors owning 21.29%. There are no pledged promoter holdings or investments from mutual funds or foreign institutional investors.

The top shareholders of Multibase India are primarily the promoters, with Multibase SA holding the largest stake at 75.0%. There are no pledged promoter holdings, and the company does not have any mutual funds or foreign institutional investors (FIIs) holding shares. Additionally, individual investors collectively hold 21.29% of the shares.

What is the technical trend for Multibase India?

As of June 2, 2025, Multibase India shows a mildly bearish trend due to bearish daily moving averages and weekly Bollinger Bands, despite some conflicting signals from the MACD and KST.

As of 2 June 2025, the technical trend for Multibase India has changed from sideways to mildly bearish. The current stance is mildly bearish, primarily driven by the daily moving averages indicating bearishness and the weekly Bollinger Bands also showing a bearish signal. The MACD on the monthly timeframe is mildly bearish, while the weekly KST and Dow Theory are mildly bullish, suggesting some conflicting signals. The RSI shows no signal on both weekly and monthly timeframes, indicating a lack of momentum. Overall, the bearish indicators outweigh the bullish ones, leading to a mildly bearish outlook.

Has Multibase India declared dividend?

Yes, Multibase India Ltd has declared a 530% dividend, amounting to ₹53 per share, with an ex-date of November 27, 2024. The dividend yield is 19.67%, and the company has shown positive total returns over various periods, particularly in the long term.

Multibase India Ltd has declared a 530% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 530%<BR>- Amount per share: 53 per share<BR>- Ex-date: 27 Nov 24<BR><BR>Dividend Yield: 19.67%.<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was -18.0%, with a dividend return of 0%, resulting in a total return of -18.0%.<BR><BR>Over the past year, the price return was 10.81%, the dividend return was 21.57%, leading to a total return of 32.38%.<BR><BR>In the 2-year period, the price return was 27.87%, the dividend return was 27.01%, culminating in a total return of 54.88%.<BR><BR>For the 3-year period, the price return was 53.92%, with a dividend return of 32.71%, resulting in a total return of 86.63%.<BR><BR>In the last 4 years, the price return was 14.19%, the dividend return was 26.20%, which gave a total return of 40.39%.<BR><BR>Over the past 5 years, the price return was 125.4%, with a dividend return of 42.49%, leading to a total return of 167.89%.<BR><BR>Overall, Multibase India Ltd has declared a substantial dividend, and the total returns over various periods indicate a generally positive performance, particularly over the longer term. The dividend yield of 19.67% further highlights the attractiveness of the investment.