Ultramarine & Pigments Ltd

Ultramarine Pig. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Ultramarine & Pigments Ltd

₹ 407 0.99%
23 Apr - close price
ultramarinepigments.net BSE: 506685
About

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.

Key Points

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]

Website BSE
  • Market Cap ₹ 1,188 Cr.
  • Current Price ₹ 407
  • High / Low ₹ 463 / 306
  • Stock P/E 20.6
  • Book Value ₹ 288
  • Dividend Yield 1.23 %
  • ROCE 11.1 %
  • ROE 8.68 %
  • Face Value ₹ 2.00
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Pros

  • Company has been maintaining a healthy dividend payout of 24.1%
  • Debtor days have improved from 36.7 to 29.0 days.

Cons

  • Company has a low return on equity of 9.93% over last 3 years.
  • Promoter holding has decreased over last 3 years: -7.58%

* 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
84 87 88 118 154 130 131 152 150 125 131 146 148
60 70 68 99 131 110 105 126 117 105 104 122 125
Operating Profit 24 16 21 20 23 20 26 26 32 20 27 24 23
OPM % 28% 19% 23% 17% 15% 16% 20% 17% 22% 16% 21% 17% 16%
2 2 1 5 1 1 1 7 -1 2 2 5 2
Interest 0 1 1 1 1 1 1 1 1 2 2 2 2
Depreciation 2 3 3 3 3 3 3 4 4 5 5 5 6
Profit before tax 24 15 19 21 20 17 23 28 26 15 22 22 17
Tax % 26% 26% 26% 21% 27% 27% 26% 21% 24% 25% 25% 21% 25%
18 11 14 17 15 13 17 22 19 11 17 17 13
EPS in Rs 6.02 3.75 4.75 5.75 5.11 4.36 5.86 7.46 6.64 3.75 5.66 5.91 4.43
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
306 308 490 557 550
230 232 406 455 456
Operating Profit 77 76 84 102 94
OPM % 25% 25% 17% 18% 17%
11 9 9 11 10
Interest 2 2 4 5 7
Depreciation 9 9 12 17 21
Profit before tax 78 75 78 91 76
Tax % 20% 26% 25% 24%
62 56 58 69 58
EPS in Rs 21.24 19.11 19.97 23.70 19.75
Dividend Payout % 24% 26% 25% 21%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 22%
TTM: -2%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 5%
TTM: -21%
Stock Price CAGR
10 Years: 21%
5 Years: 11%
3 Years: 9%
1 Year: 22%
Return on Equity
10 Years: %
5 Years: %
3 Years: 10%
Last Year: 9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 6 6 6 6 6
Reserves 297 455 854 730 836
29 38 53 75 81
50 61 82 70 98
Total Liabilities 381 561 995 881 1,021
91 119 152 238 266
CWIP 35 30 69 29 31
Investments 105 194 551 366 454
149 218 222 248 270
Total Assets 381 561 995 881 1,021

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023
48 58 29 59
-39 -20 -63 -55
-16 13 -7 -2
Net Cash Flow -7 51 -40 2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 47 52 29 29
Inventory Days 93 93 93 113
Days Payable 80 91 52 54
Cash Conversion Cycle 59 54 71 88
Working Capital Days 87 95 87 87
ROCE % 18% 11% 11%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
47.23% 44.56% 44.53% 44.07% 43.04% 42.96% 42.66% 42.37% 42.37% 41.68% 41.07% 41.04%
0.78% 0.64% 0.58% 0.54% 0.73% 0.71% 0.67% 0.80% 0.80% 0.80% 0.84% 1.21%
0.14% 0.14% 0.14% 0.14% 0.15% 0.31% 0.14% 0.82% 0.82% 0.82% 0.82% 0.24%
51.85% 54.66% 54.75% 55.26% 56.08% 56.02% 56.51% 55.99% 55.99% 56.69% 57.25% 57.51%
No. of Shareholders 19,00319,97820,80021,44322,58722,69122,98623,03522,99922,94622,35221,539

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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