Multibase India Ltd. – Company Report
1. Company Overview
Multibase India Ltd., incorporated in 1991 and headquartered in Daman, is a leading Indian manufacturer of thermoplastic elastomers and silicone-based specialty compounds. The company was originally named Synergy Polymers Limited before its acquisition by Multibase SA (a subsidiary of DuPont de Nemours, Inc.) in 2002, becoming part of a global chemicals and materials enterprise. In 2007, it adopted its current name. Multibase India is publicly listed on the BSE (BSE:526169) and serves a diverse range of industries, including automotive, electrical, electronics, consumer, and industrial segments, exporting products globally. The company is known for its robust innovation, quality commitment, and offering customized solutions for a wide variety of advanced manufacturing applications. As of July 2025, Multibase India’s market capitalization is approximately ₹343 crore, with its stock trading at around ₹268 per share.
- Incorporated: 1991
- Headquarters: Daman, India
- Parentage: Multibase SA (DuPont group affiliate)
- Listing: BSE (BSE:526169)
- Leadership: Managing Director – Mr. Deepak Dhanak
- Employees: Not publicly disclosed
2. Products and Services
Multibase India specializes in the design, manufacture, and sale of advanced polymer compounds, focusing on:
- Thermoplastic Elastomers (TPE): Used in automotive components, cable jacketing, appliances, footwear, and industrial products, thanks to their flexibility, durability, and processability.
- Silicone Masterbatches & Siloxane Additives: Provide scratch and abrasion resistance, lubrication, and processing enhancement for plastics; key applications include packaging, films, injection molding, and wire/cable insulation.
- Polypropylene Compounds: Customized grades for automotive, appliance housings, electrical connector housings, and various industrial uses.
- Color and Functional Masterbatches: For film, sheet, and molding applications in packaging, consumer goods, and industrial products.
- TPSiV® and MULTIPRO Series: Advanced TPEs and blends for precision molding, offering performance in automotive, electrical, cable, and engineering applications.
3. Recent News and Financial Performance (FY2025)
Business Highlights
- Focused product innovation in thermoplastic elastomers and silicone-based compounds targeting automotive and industrial applications.
- Improved profitability and operational efficiency, driven by a strategic shift toward high-margin, value-added products.
- R&D investments helped reinforce its position as a preferred supplier to premium quality-driven markets.
4. Financial Performance (FY2025)
| Metric | FY2025 Value |
|---|---|
| Total Revenue | ₹70.8 crore |
| Net Profit | ₹14.6 crore |
| Operating Margin | 21% |
| Earnings Per Share | ₹11.61 |
| Return on Equity | 13.8% |
| Dividend | No dividend declared |
| Debt | Almost debt-free |