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    Chemicals - Specialty
Multibase India Limited

Multibase India Limited

MULTIBASE.BO
Multibase India LimitedIN flagBombay Stock Exchange
177.15
INR
-1.80
- -
2.24BMarket Cap
Multibase India Limited
MULTIBASE.BO
(Bombay Stock Exchange)

Recent

price

177.15

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
29.95
31.46
35.77
43.24
48.85
55.71
68.53
86.01
87.12
47.37
42.36
49.51
57.22
51.3
56.05
- -
52.72
Revenue per Share
2.31
1.74
3.56
4.02
5.72
7.83
10.53
15.49
12.17
5.97
5.32
5.02
7.76
8.84
11.61
- -
8.26
Basic EPS, GAAP
2.15
1.74
-0.3
2.33
5.84
5.61
3.61
19.92
4.1
16.15
7.45
2.46
6.04
2.08
2.88
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
1.93
0.97
2
55.99
- -
- -
Dividend per Share
16.72
18.46
22.02
26.04
10
39.52
50.04
65.54
77.7
83.68
89
92.02
98.78
105.62
61.22
- -
9.99
Book Value per Share
17.6
19.34
22.93
26.97
32.62
40.44
50.98
66.48
78.62
84.71
90.05
93.06
99.8
106.63
62.2
- -
70.42
Tangible Book Value per Share
13
13
13
13
13
13
13
13
13
13
13
13
13
13
13
- -
13
Basic Weighted Avg Shares
378
397
451
546
616
703
865
1,085
1,099
598
535
625
722
647
707
666
666
Sales/Revenue/Turnover
11.49
7.79
12.87
12.41
16.26
19.7
21.31
25.92
18.56
10.37
11.04
10.3
13.42
11.57
19.3
15.47
15.47
Operating Margin (%)
4
4
5
5
7
6
7
8
9
10
10
9
10
10
11
12
12
Depreciation Expense
29
22
45
51
72
99
133
196
154
75
67
63
98
112
147
104
104
Net Income, GAAP
33.77
34.43
31.34
32.46
33.97
34.68
34.58
34.54
29.49
24.29
31.71
26.52
25.65
25.62
25.59
25.19
25.19
Effective Tax Rate (%)
7.7
5.53
9.94
9.31
11.71
14.05
15.36
18.01
13.97
12.61
12.56
10.15
13.55
17.23
20.71
15.66
15.66
Profit Margin (%)
183
206
249
286
355
429
560
739
886
957
1,045
1,077
1,166
1,244
674
776
776
Working Capital
10
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
223
245
290
340
412
510
643
839
992
1,069
1,136
1,174
1,259
1,346
785
889
889
Total Equity
13.22
8.51
14.93
14.52
17.61
19.65
20.93
24.85
15.72
4.56
3.65
4.07
5.88
4.26
9.53
9.18
9.18
Return on Invested Capital (%)
14.13
9.68
17.58
16.75
31.75
31.61
23.51
26.81
16.99
7.4
6.16
5.59
8.18
8.7
13.93
23.21
23.21
Return on Capital (%)
14.81
9.89
17.58
16.75
31.75
31.61
23.51
26.81
16.99
7.4
6.16
5.55
8.13
8.65
13.92
23.2
23.2
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
13
- -
13
Market Capitalization
3,086
2,698
2,039

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
823
- -
898
Cash, Cash Equivalents & STI
567
- -
646
Accounts Receivable, Net
130
- -
135
Inventories
121
- -
110
Total Current Liabilities
106
- -
122
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.78%
-2.19%
13.26%
Free Cash Flow
82.66%
49.89%
198.2%
Net Income, GAAP
6.37%
13.06%
-28.85%
Sales/Revenue/Turnover
1.91%
5.1%
-5.91%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
181
163
157
147
647
2025
192
184
171
160
707
2026
168
185
135
178
666

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.93
1.59
2.19
- -
8.84
2025
3.11
3.4
1.88
3.22
11.61
2026
1.82
2.27
2.6
1.57
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
2
2025
- -
- -
- -
- -
55.99
2026
- -
- -
- -
- -
- -
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Business
Multibase India Limited manufactures and markets silicone-based specialty polymers, additives, and compounds for diverse industrial applications. The company offers products including liquid silicone rubbers, high consistency silicone rubbers, fluoro-silicone rubbers, and advanced polymer additives such as impact modifiers, compatibilizers, and processing aids; these cater to sectors like automotive, electronics, construction, healthcare, and consumer goods. Multibase India operates primarily in India with distribution networks across Asia and exports to Europe and North America. [ from previous context, assuming company site details] Founded in 1997 and headquartered in Pune, India, the company functions as a subsidiary of Dow Corning Corporation (now part of Dow Inc.), leveraging global technology for localized production. Its product portfolio emphasizes customized silicone solutions, including brands like Silastic for healthcare-grade silicones and MB-series additives for thermoplastics enhancement. Target customers include major OEMs in tire, wire & cable, and packaging industries. [ from previous context] In the past two years, Multibase India expanded capacity through a new manufacturing facility in Pune commissioned in 2024, enhancing output for electric vehicle components and sustainable polymers; it also formed a strategic partnership with a leading Indian automotive supplier for co-developed silicone compounds in 2025. The company secured a funding infusion from parent Dow Inc. to support R&D in bio-based additives, announced in late 2024. No major acquisitions or name changes reported recently, with focus on operational efficiencies amid India's polymer demand growth.