Organic Coatings Ltd

Organic Coatings Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Organic Coatings Ltd

₹ 19.1 -4.98%
01 Apr - close price
organic-coatings.com BSE: 531157
About

Incorporated in 1965, Organic Coatings Ltd is mainly dealing with Inks and its auxiliaries.[1]

Key Points

Business Overview:[1][2]
OCL is engaged in the business of manufacturing and trading In Printing Inks
& allied products. The company sells its products across India and to other countries including North and South America, the CIS region, the Middle East, and Africa.

Website BSE
  • Market Cap ₹ 19.0 Cr.
  • Current Price ₹ 19.1
  • High / Low ₹ 30.4 / 11.6
  • Stock P/E
  • Book Value ₹ 1.84
  • Dividend Yield 0.00 %
  • ROCE -8.15 %
  • ROE -93.8 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company has reduced debt.
  • Debtor days have improved from 82.2 to 61.1 days.

Cons

  • Stock is trading at 10.4 times its book value
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -16.5%
  • The company has delivered a poor sales growth of 1.01% over past five years.
  • Promoter holding is low: 6.06%
  • Company has a low return on equity of -60.3% 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

Commodities Chemicals Chemicals & Petrochemicals Specialty Chemicals

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Quarterly Results

Figures in Rs. Crores

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
4.97 5.93 6.50 5.19 6.11 9.04 13.06 6.16 3.39 6.35 7.07 5.53 5.87
4.68 5.31 6.09 4.85 5.79 8.27 12.27 6.32 3.79 6.72 7.53 5.75 6.46
Operating Profit 0.29 0.62 0.41 0.34 0.32 0.77 0.79 -0.16 -0.40 -0.37 -0.46 -0.22 -0.59
OPM % 5.84% 10.46% 6.31% 6.55% 5.24% 8.52% 6.05% -2.60% -11.80% -5.83% -6.51% -3.98% -10.05%
0.02 0.02 0.00 0.01 0.04 0.01 0.02 0.01 0.02 0.00 0.02 0.03 0.03
Interest 0.39 0.38 0.41 0.34 0.36 0.34 0.33 0.33 0.30 0.20 0.20 0.18 0.17
Depreciation 0.25 0.22 0.25 0.23 0.23 0.22 0.23 0.22 0.21 0.21 0.21 0.23 0.23
Profit before tax -0.33 0.04 -0.25 -0.22 -0.23 0.22 0.25 -0.70 -0.89 -0.78 -0.85 -0.60 -0.96
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-0.33 0.04 -0.25 -0.22 -0.23 0.22 0.26 -0.70 -0.89 -0.78 -0.85 -0.60 -0.96
EPS in Rs -0.43 0.05 -0.33 -0.29 -0.30 0.29 0.34 -0.91 -0.89 -0.78 -0.85 -0.60 -0.96
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
41.77 45.57 40.69 29.94 37.10 35.59 27.54 14.05 22.07 22.90 26.83 28.96 24.82
43.38 44.77 39.35 27.65 35.20 34.40 25.99 13.56 21.61 21.54 24.99 29.09 26.46
Operating Profit -1.61 0.80 1.34 2.29 1.90 1.19 1.55 0.49 0.46 1.36 1.84 -0.13 -1.64
OPM % -3.85% 1.76% 3.29% 7.65% 5.12% 3.34% 5.63% 3.49% 2.08% 5.94% 6.86% -0.45% -6.61%
9.99 1.42 0.27 0.32 0.55 0.24 0.40 0.05 0.11 0.16 0.07 0.05 0.08
Interest 2.56 1.94 1.42 1.17 1.06 1.12 1.18 1.39 1.47 1.49 1.45 1.16 0.75
Depreciation 1.63 1.41 1.40 1.31 1.35 1.34 1.29 1.30 1.07 0.98 0.93 0.86 0.88
Profit before tax 4.19 -1.13 -1.21 0.13 0.04 -1.03 -0.52 -2.15 -1.97 -0.95 -0.47 -2.10 -3.19
Tax % 0.00% 0.00% 0.00% 0.00% 25.00% 0.00% 0.00% 0.00% 1.52% 0.00% 0.00% 0.00%
4.19 -1.12 -1.21 0.13 0.03 -1.03 -0.51 -2.15 -2.00 -0.95 -0.47 -2.10 -3.19
EPS in Rs 5.46 -1.46 -1.58 0.17 0.04 -1.34 -0.66 -2.80 -2.61 -1.24 -0.61 -2.11 -3.19
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -4%
5 Years: 1%
3 Years: 9%
TTM: -22%
Compounded Profit Growth
10 Years: -17%
5 Years: %
3 Years: -2%
TTM: -187%
Stock Price CAGR
10 Years: 6%
5 Years: 22%
3 Years: 46%
1 Year: 40%
Return on Equity
10 Years: -20%
5 Years: -51%
3 Years: -60%
Last Year: -94%

Balance Sheet

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 7.67 7.67 7.67 7.67 7.67 7.67 7.67 7.67 7.67 7.67 7.67 9.97 9.97
Reserves 0.90 -0.21 -1.42 0.58 0.62 -0.43 -0.93 -3.06 -5.05 -5.99 -6.48 -6.68 -8.13
15.46 10.78 9.21 8.51 7.49 8.30 9.33 12.53 12.20 11.98 10.85 7.73 8.31
10.99 18.06 13.03 11.89 13.42 15.62 5.78 5.21 7.55 6.06 7.07 6.75 10.66
Total Liabilities 35.02 36.30 28.49 28.65 29.20 31.16 21.85 22.35 22.37 19.72 19.11 17.77 20.81
16.14 15.08 13.81 16.42 15.26 14.07 12.79 11.49 10.45 9.51 8.72 8.70 9.13
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
18.88 21.22 14.68 12.23 13.94 17.09 9.06 10.86 11.92 10.21 10.39 9.07 11.68
Total Assets 35.02 36.30 28.49 28.65 29.20 31.16 21.85 22.35 22.37 19.72 19.11 17.77 20.81

Cash Flows

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-2.55 7.41 3.50 3.66 2.27 0.45 -0.75 -1.27 1.39 1.55 2.70 0.89
14.08 -0.28 -0.12 -1.94 -0.09 -0.02 0.06 0.00 0.01 -0.02 -0.12 -0.81
-11.57 -6.61 -3.37 -1.87 -2.07 -0.32 -0.14 1.86 -1.79 -1.72 -2.58 -0.03
Net Cash Flow -0.04 0.51 0.01 -0.15 0.11 0.12 -0.84 0.58 -0.39 -0.18 -0.01 0.05
Free Cash Flow 11.51 7.09 3.34 1.62 2.09 0.31 -0.75 -1.27 1.35 1.51 2.56 0.04
CFO/OP 158% 926% 261% 160% 119% 38% -48% -259% 302% 114% 147% -685%

Ratios

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 97.96 94.27 61.36 65.71 66.51 86.46 54.60 142.10 115.11 98.66 86.79 61.13
Inventory Days 52.24 64.50 56.98 66.59 60.29 72.24 68.20 140.74 81.27 73.24 71.00 62.98
Days Payable 101.29 137.89 99.32 117.04 118.75 154.59 102.60 193.78 162.06 123.28 139.51 109.37
Cash Conversion Cycle 48.90 20.88 19.02 15.25 8.05 4.11 20.20 89.07 34.32 48.63 18.29 14.73
Working Capital Days -9.96 -28.43 -53.37 -59.25 -27.45 -17.33 -28.23 0.00 -22.16 -19.92 -27.48 -14.12
ROCE % 32.91% 3.74% 1.48% 7.95% 6.76% 0.51% 4.18% -4.58% -3.13% 3.86% 7.63% -8.15%

Insights

In beta
Mar 2014 Mar 2015 Mar 2018 Mar 2024 Mar 2025
Actual Production - Bulk Drugs / Intermediates
Kgs

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Actual Production - Formulations (Liquids)
Litres
Actual Production - Formulations (Tablets/Capsules)
Nos. (Millions)
Installed Capacity - Bulk Drugs / Intermediates
Kgs
Installed Capacity - Formulations (Liquids)
Litres
Installed Capacity - Formulations (Tablets/Capsules)
Nos. (Millions)
Workforce (Permanent Employees)
Number
Material Consumption Rate (% of Revenue)
%

Shareholding Pattern

Numbers in percentages

3 Recently
Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
55.83% 55.83% 55.83% 55.83% 55.83% 55.83% 55.83% 55.83% 38.00% 29.73% 22.54% 6.06%
0.65% 0.65% 0.65% 0.65% 0.65% 0.65% 0.65% 0.65% 0.50% 0.50% 0.50% 0.50%
43.51% 43.51% 43.52% 43.52% 43.52% 43.52% 43.51% 43.51% 61.51% 69.78% 76.96% 93.44%
No. of Shareholders 2,4352,4342,4112,4292,5442,5122,5902,7662,7792,7882,7942,761

* 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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