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 ₹ 1,567 Cr.
- Current Price ₹ 537
- High / Low ₹ 601 / 375
- Stock P/E 20.9
- Book Value ₹ 333
- Dividend Yield 0.93 %
- ROCE 10.4 %
- ROE 8.01 %
- Face Value ₹ 2.00
Pros
- Company has been maintaining a healthy dividend payout of 23.3%
Cons
- Company has a low return on equity of 7.90% over last 3 years.
- Promoter holding has decreased over last 3 years: -3.46%
* 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
Part of BSE SmallCap BSE Allcap BSE Commodities
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|
306 | 308 | 490 | 557 | 561 | 695 | |
230 | 232 | 406 | 455 | 466 | 577 | |
Operating Profit | 77 | 76 | 84 | 102 | 95 | 118 |
OPM % | 25% | 25% | 17% | 18% | 17% | 17% |
11 | 9 | 9 | 11 | 10 | 12 | |
Interest | 2 | 2 | 4 | 5 | 7 | 7 |
Depreciation | 9 | 9 | 12 | 17 | 22 | 24 |
Profit before tax | 78 | 75 | 78 | 91 | 76 | 100 |
Tax % | 20% | 26% | 25% | 24% | 24% | 25% |
62 | 56 | 58 | 69 | 58 | 75 | |
EPS in Rs | 21.24 | 19.11 | 19.97 | 23.70 | 19.73 | 25.70 |
Dividend Payout % | 24% | 26% | 25% | 21% | 25% | 23% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 18% |
3 Years: | 12% |
TTM: | 24% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 4% |
3 Years: | 9% |
TTM: | 31% |
Stock Price CAGR | |
---|---|
10 Years: | 23% |
5 Years: | 28% |
3 Years: | 16% |
1 Year: | 32% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 9% |
3 Years: | 8% |
Last Year: | 8% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|
Equity Capital | 6 | 6 | 6 | 6 | 6 | 6 |
Reserves | 297 | 455 | 854 | 730 | 894 | 967 |
29 | 38 | 53 | 75 | 79 | 94 | |
50 | 61 | 82 | 70 | 97 | 106 | |
Total Liabilities | 381 | 561 | 995 | 881 | 1,076 | 1,173 |
91 | 119 | 152 | 238 | 281 | 334 | |
CWIP | 35 | 30 | 69 | 29 | 30 | 26 |
Investments | 105 | 194 | 551 | 366 | 492 | 513 |
149 | 218 | 222 | 248 | 274 | 299 | |
Total Assets | 381 | 561 | 995 | 881 | 1,076 | 1,173 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|
48 | 58 | 29 | 62 | 78 | 90 | |
-39 | -20 | -63 | -55 | -51 | -42 | |
-16 | 13 | -7 | -2 | -18 | -33 | |
Net Cash Flow | -7 | 51 | -40 | 5 | 10 | 15 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|
Debtor Days | 47 | 52 | 29 | 29 | 38 | 42 |
Inventory Days | 93 | 93 | 93 | 113 | 109 | 83 |
Days Payable | 80 | 91 | 52 | 53 | 69 | 49 |
Cash Conversion Cycle | 59 | 54 | 71 | 89 | 79 | 76 |
Working Capital Days | 87 | 95 | 87 | 87 | 90 | 79 |
ROCE % | 18% | 11% | 11% | 9% | 10% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Code of Conduct under SEBI (PIT) Regulations, 2015
9h - Ultramarine & Pigments approves amended SEBI-mandated fair disclosure code for unpublished price sensitive information.
-
Appointment Of Secretarial Auditor
9h - Appointment of R M Mimani & Associates LLP as secretarial auditor for FY 2025-26 to 2029-30.
-
Announcement Under Regulation 30 (LODR) - General
9h - Board approved proposal to shift statutory registers from Mumbai to Chennai, subject to shareholder approval.
-
64Th Annual General Meeting On Thursday 24Th July, 2025
9h - 64th AGM scheduled for 24 July 2025; register closed 17-23 July for dividend and AGM.
- The Purpose Of Payment Of Final Dividend And AGM Of The Company 9h
Annual reports
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Financial Year 2024
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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]