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    Multibase India

    India-based manufacturer and trader of thermoplastic elastomers and silicone masterbatch for automotive, consumer/industrial and electronics uses, sourcing key inputs from French parent Multibase S.A.

    Chemicals
    Commodities

    Overview

    Price

    Market Cap

    ₹220 Cr

    Sector

    Chemicals

    Commodities

    Rank

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital1313131313131313
    Reserves94101105113122667176
    Borrowings00000000
    Other Liabilities1012121110101314
    Total Liabilities1171261301371448996103
    AssetsFixed Assets1110111112131313
    CWIP00000000
    Investments00000000
    Other Assets106115119126133768390
    Total Assets1171261301371448996103

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating52010595613
    Cash from Investing320213431
    Cash from Financing-10100-2-1-3-710
    SummaryCapital Expenditure
    Free Cash Flow4199383411
    FCF Margin

    Valuation

    Assumptions

    Current — 526169
    Price
    ₹177
    EPS (TTM)
    ₹8.27
    PE (TTM)
    21.5
    Profit growth
    2.2%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (24.8×) and current (21.5×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹177
    vs
    Fair value · 15% return
    ₹80
    55%Overvalued

    At 2.2% growth and a 21× exit, ₹177 only delivers your return if you pay ₹80. The price is currently baking in 18% growth.

    EPS grows 2.2%/yr for 5 years, then fades to 6% over 2, exits at 21×.

    YearGrowthEPS (₹)
    FY272.2%8.45
    FY282.2%8.64
    FY292.2%8.83
    FY302.2%9.02
    FY312.2%9.22
    FY324.1% ·fade9.60
    FY336.0% ·fade10.17

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse Multibase India

    Guides on how to read this kind of business and the numbers that matter.