Ultramarine & Pigments Ltd
Ultramarine & Pigments is engaged in manufacturing and selling of Pigments, Surfactants, IT-Enabled Services, and Business Process Outsourcing (BPO) activities. The Company caters to both domestic and international markets.
- Market Cap ₹ 968 Cr.
- Current Price ₹ 331
- High / Low ₹ 463 / 306
- Stock P/E 18.2
- Book Value ₹ 286
- Dividend Yield 1.51 %
- ROCE 10.8 %
- ROE 8.35 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Stock is trading at 1.16 times its book value
- Company has been maintaining a healthy dividend payout of 24.4%
- Debtor days have improved from 36.6 to 28.6 days.
Cons
- Promoter holding has decreased over last quarter: -0.60%
- Company has a low return on equity of 9.79% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Chemicals Industry: Dyes And Pigments
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
136 | 140 | 150 | 172 | 220 | 255 | 277 | 307 | 306 | 308 | 491 | 541 | 519 | |
113 | 119 | 125 | 143 | 183 | 205 | 217 | 236 | 230 | 232 | 407 | 448 | 440 | |
Operating Profit | 23 | 21 | 25 | 29 | 38 | 50 | 61 | 71 | 77 | 76 | 84 | 93 | 79 |
OPM % | 17% | 15% | 17% | 17% | 17% | 20% | 22% | 23% | 25% | 25% | 17% | 17% | 15% |
2 | 4 | 3 | 2 | 5 | 3 | 9 | 16 | 11 | 9 | 9 | 12 | 11 | |
Interest | 2 | 2 | 1 | 0 | 0 | 1 | 1 | 1 | 2 | 2 | 4 | 4 | 4 |
Depreciation | 6 | 6 | 6 | 3 | 3 | 4 | 5 | 6 | 9 | 9 | 12 | 14 | 16 |
Profit before tax | 18 | 17 | 22 | 28 | 39 | 48 | 63 | 80 | 78 | 75 | 78 | 88 | 70 |
Tax % | 25% | 30% | 33% | 32% | 30% | 33% | 31% | 30% | 20% | 26% | 25% | 24% | |
14 | 12 | 14 | 19 | 27 | 32 | 44 | 56 | 62 | 56 | 58 | 66 | 53 | |
EPS in Rs | 4.69 | 4.15 | 4.93 | 6.42 | 9.37 | 11.12 | 14.95 | 19.34 | 21.24 | 19.11 | 19.98 | 22.76 | 18.23 |
Dividend Payout % | 64% | 54% | 51% | 47% | 37% | 36% | 28% | 23% | 24% | 26% | 25% | 22% |
Compounded Sales Growth | |
---|---|
10 Years: | 14% |
5 Years: | 14% |
3 Years: | 21% |
TTM: | -6% |
Compounded Profit Growth | |
---|---|
10 Years: | 19% |
5 Years: | 10% |
3 Years: | 3% |
TTM: | -26% |
Stock Price CAGR | |
---|---|
10 Years: | 21% |
5 Years: | 5% |
3 Years: | 3% |
1 Year: | 2% |
Return on Equity | |
---|---|
10 Years: | 12% |
5 Years: | 11% |
3 Years: | 10% |
Last Year: | 8% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
Reserves | 76 | 80 | 86 | 94 | 109 | 308 | 505 | 379 | 297 | 455 | 854 | 727 | 830 |
10 | 6 | 2 | 0 | 0 | 0 | 0 | 0 | 29 | 38 | 42 | 48 | 47 | |
34 | 27 | 33 | 39 | 38 | 48 | 52 | 46 | 50 | 61 | 79 | 67 | 92 | |
Total Liabilities | 125 | 119 | 127 | 138 | 153 | 361 | 563 | 431 | 381 | 560 | 980 | 848 | 976 |
43 | 41 | 41 | 38 | 52 | 60 | 70 | 79 | 91 | 119 | 142 | 157 | 173 | |
CWIP | 2 | 2 | 1 | 2 | 2 | 0 | 1 | 2 | 35 | 23 | 15 | 21 | 16 |
Investments | 13 | 13 | 13 | 13 | 15 | 207 | 400 | 232 | 105 | 194 | 595 | 425 | 517 |
67 | 63 | 72 | 86 | 84 | 94 | 93 | 118 | 149 | 225 | 228 | 246 | 270 | |
Total Assets | 125 | 119 | 127 | 138 | 153 | 361 | 563 | 431 | 381 | 560 | 980 | 848 | 976 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
14 | 14 | 17 | 23 | 28 | 30 | 55 | 30 | 48 | 57 | 37 | 68 | |
-10 | 1 | 2 | -8 | -9 | -27 | -41 | -2 | -39 | -20 | -60 | -49 | |
-13 | -15 | -11 | -11 | -23 | -0 | -15 | -15 | -16 | 13 | -18 | -17 | |
Net Cash Flow | -9 | 0 | 8 | 4 | -5 | 3 | -1 | 13 | -8 | 50 | -41 | 3 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 55 | 62 | 53 | 47 | 44 | 49 | 34 | 39 | 47 | 52 | 29 | 29 |
Inventory Days | 109 | 72 | 110 | 102 | 71 | 73 | 68 | 70 | 93 | 93 | 92 | 102 |
Days Payable | 61 | 23 | 45 | 54 | 57 | 71 | 78 | 57 | 80 | 91 | 50 | 52 |
Cash Conversion Cycle | 103 | 112 | 118 | 94 | 58 | 51 | 25 | 53 | 59 | 54 | 71 | 79 |
Working Capital Days | 34 | 59 | 58 | 61 | 54 | 47 | 37 | 47 | 87 | 96 | 90 | 80 |
ROCE % | 23% | 21% | 25% | 29% | 37% | 23% | 15% | 16% | 22% | 18% | 12% | 11% |
Documents
Announcements
- Closure of Trading Window 15m
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Announcement under Regulation 30 (LODR)-Newspaper Publication
9 Feb - Results were published in The Maharashtra Times and The Economics Times dated February 09, 2024
- Board Meeting Outcome for Outcome Of Board Meeting 8 Feb
- Board Meeting Intimation for Considering And Approving The Unaudited Financial Result For The Quarter Ended December 31, 2023 23 Jan
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Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements
9 Jan - Company has entered into a Memorandum of Understanding with Guidance Tamil Nadu, a nodal investment agency of Government of Tamil Nadu dated January 08, 2024.
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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FY23 Revenue breakup[1]
Pigments division - 32% (vs 26% in FY22)
Surfactants division - 59% (vs 66% in FY22)
IT Division - 9% (vs 8% in FY22)
Co. is a leading supplier of surfactants to South India-based FMCG players. It also manufactures detergent under the brand name OOB[2][3]