Ultramarine & Pigments Ltd

Ultramarine & Pigments is engaged in manufacturing and selling of Pigments, Surfactants, IT-Enabled Services, and Business Process Outsourcing (BPO) activities.

  • Market Cap: 738.91 Cr.
  • Current Price: 253.05
  • 52 weeks High / Low 263.90 / 103.00
  • Book Value: 103.59
  • Stock P/E: 12.23
  • Dividend Yield: 1.98 %
  • ROCE: 21.83 %
  • ROE: 17.58 %
  • Sales Growth (3Yrs): 6.23 %
  • Listed on BSE
  • Company Website
  • Face Value: 2.00
Edit ratios
Pros:
Company is virtually debt free.
Company has delivered good profit growth of 26.38% CAGR over last 5 years
Company has been maintaining a healthy dividend payout of 25.08%
Cons:
Promoter holding has decreased by -0.77% over last quarter
Company has a low return on equity of 12.74% for last 3 years.

Peer comparison Sector: Chemicals // Industry: Dyes And Pigments

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020
64 65 76 73 76 75 83 73 71 80 82 74
49 50 60 58 61 56 58 62 52 62 60 56
Operating Profit 15 15 16 14 16 19 25 11 19 18 22 17
OPM % 23% 23% 22% 20% 20% 25% 30% 15% 26% 22% 27% 24%
Other Income 1 5 3 0 7 6 2 2 2 6 2 2
Interest 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 1 1 1 1 1 1 1 2 2 2 2 2
Profit before tax 15 18 18 13 21 23 25 11 18 21 21 17
Tax % 33% 24% 33% 36% 22% 29% 35% 34% 19% 12% 26% 25%
Net Profit 10 14 12 8 16 17 16 7 15 19 16 13
EPS in Rs 3.07 4.69 4.06 2.89 5.58 5.72 5.49 2.55 5.06 6.33 5.38 4.44
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
106 104 118 136 140 150 172 220 255 277 307 306
88 87 95 113 119 125 143 183 205 217 236 230
Operating Profit 18 17 23 23 21 25 29 38 50 61 71 76
OPM % 17% 17% 19% 17% 15% 17% 17% 17% 20% 22% 23% 25%
Other Income 5 4 6 2 4 3 2 5 3 9 16 12
Interest 1 1 0 2 2 1 0 0 1 1 1 2
Depreciation 3 4 4 6 6 6 3 3 4 5 6 9
Profit before tax 19 16 24 18 17 22 28 39 48 63 80 78
Tax % 25% 33% 30% 25% 30% 33% 32% 30% 33% 31% 30% 20%
Net Profit 14 11 17 14 12 14 19 27 32 44 56 62
EPS in Rs 4.43 3.19 5.33 4.20 3.77 4.50 5.81 8.66 11.12 14.95 19.34 21.24
Dividend Payout % 42% 81% 52% 64% 54% 51% 47% 37% 36% 28% 23% 24%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:11.35%
5 Years:12.20%
3 Years:6.23%
TTM:-0.22%
Compounded Profit Growth
10 Years:18.72%
5 Years:26.38%
3 Years:23.02%
TTM:18.80%
Stock Price CAGR
10 Years:20.73%
5 Years:25.23%
3 Years:8.56%
1 Year:41.76%
Return on Equity
10 Years:14.76%
5 Years:13.97%
3 Years:12.74%
Last Year:17.58%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
6 6 6 6 6 6 6 6 6 6 6 6
Reserves 74 66 73 76 80 86 94 109 308 505 379 297
Borrowings 6 3 8 10 6 2 0 0 0 0 0 20
25 27 28 34 27 33 39 38 48 52 46 59
Total Liabilities 111 102 114 125 119 127 138 153 361 563 431 381
31 29 29 43 41 41 38 52 60 70 79 91
CWIP 1 0 11 2 2 1 2 2 0 1 2 35
Investments 40 19 16 13 13 13 13 15 207 400 232 105
39 53 57 67 63 72 86 84 94 93 118 149
Total Assets 111 102 114 125 119 127 138 153 361 563 431 381

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
23 5 18 14 14 17 23 28 30 55 30 48
-9 10 -11 -10 1 2 -8 -9 -27 -41 -2 -39
-5 -10 -6 -13 -15 -11 -11 -23 -0 -15 -15 -16
Net Cash Flow 8 5 1 -9 0 8 4 -5 3 -1 13 -8

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 24% 21% 27% 23% 21% 25% 29% 37% 23% 15% 16% 22%
Debtor Days 47 44 45 55 62 53 47 44 49 34 39 47
Inventory Turnover 4.11 4.14 4.38 4.84 5.28 4.94 4.46 5.72 6.06 5.82 5.93 4.80

Shareholding pattern in percentages

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
52.56 53.26 53.26 53.26 53.73 53.73 53.73 53.73 53.61 53.27 52.85 52.50
0.11 0.00 0.23 0.33 0.42 0.44 0.49 0.74 0.92 0.94 0.98 0.98
0.15 0.40 0.39 0.39 0.39 0.39 0.39 0.40 0.39 0.40 0.39 0.39
47.18 46.34 46.12 46.02 45.46 45.44 45.39 45.13 45.08 45.39 45.78 46.13