Organic Coatings Ltd
Incorporated in 1965, Organic Coatings Ltd is mainly dealing with Inks and its auxiliaries.[1]
- Market Cap ₹ 18.8 Cr.
- Current Price ₹ 18.8
- High / Low ₹ 30.4 / 13.1
- Stock P/E
- Book Value ₹ 0.02
- Dividend Yield 0.00 %
- ROCE -24.1 %
- ROE -197 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
Cons
- Stock is trading at 940 times its book value
- Company has low interest coverage ratio.
- Promoter holding is low: 6.06%
- Company has a low return on equity of -109% over last 3 years.
- Company might be capitalizing the interest cost
- Debtor days have increased from 84.2 to 105 days.
- Promoter holding has decreased over last 3 years: -49.8%
* 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
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 45.57 | 40.69 | 29.94 | 37.10 | 35.59 | 27.54 | 14.05 | 22.07 | 22.90 | 26.83 | 28.96 | 28.09 | |
| 44.77 | 39.35 | 27.65 | 35.20 | 34.40 | 25.99 | 13.56 | 21.61 | 21.54 | 24.99 | 29.09 | 29.84 | |
| Operating Profit | 0.80 | 1.34 | 2.29 | 1.90 | 1.19 | 1.55 | 0.49 | 0.46 | 1.36 | 1.84 | -0.13 | -1.75 |
| OPM % | 1.76% | 3.29% | 7.65% | 5.12% | 3.34% | 5.63% | 3.49% | 2.08% | 5.94% | 6.86% | -0.45% | -6.23% |
| 1.42 | 0.27 | 0.32 | 0.55 | 0.24 | 0.40 | 0.05 | 0.11 | 0.16 | 0.07 | 0.05 | 0.11 | |
| Interest | 1.94 | 1.42 | 1.17 | 1.06 | 1.12 | 1.18 | 1.39 | 1.47 | 1.49 | 1.45 | 1.16 | 0.71 |
| Depreciation | 1.41 | 1.40 | 1.31 | 1.35 | 1.34 | 1.29 | 1.30 | 1.07 | 0.98 | 0.93 | 0.86 | 0.91 |
| Profit before tax | -1.13 | -1.21 | 0.13 | 0.04 | -1.03 | -0.52 | -2.15 | -1.97 | -0.95 | -0.47 | -2.10 | -3.26 |
| Tax % | 0.00% | 0.00% | 0.00% | 25.00% | 0.00% | 0.00% | 0.00% | 1.52% | 0.00% | 0.00% | 0.00% | 0.00% |
| -1.12 | -1.21 | 0.13 | 0.03 | -1.03 | -0.51 | -2.15 | -2.00 | -0.95 | -0.47 | -2.10 | -3.26 | |
| EPS in Rs | -1.46 | -1.58 | 0.17 | 0.04 | -1.34 | -0.66 | -2.80 | -2.61 | -1.24 | -0.61 | -2.11 | -3.27 |
| 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: | 15% |
| 3 Years: | 7% |
| TTM: | -3% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -14% |
| 3 Years: | % |
| TTM: | -55% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 18% |
| 3 Years: | 36% |
| 1 Year: | 21% |
| Return on Equity | |
|---|---|
| 10 Years: | -26% |
| 5 Years: | -79% |
| 3 Years: | -109% |
| Last Year: | -197% |
Balance Sheet
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 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 | -0.21 | -1.42 | 0.58 | 0.62 | -0.43 | -0.93 | -3.06 | -5.05 | -5.99 | -6.48 | -6.68 | -9.95 |
| 10.78 | 9.21 | 8.51 | 7.49 | 8.30 | 9.33 | 12.53 | 12.20 | 11.98 | 10.85 | 7.73 | 10.16 | |
| 18.06 | 13.03 | 11.89 | 13.42 | 15.62 | 5.78 | 5.21 | 7.55 | 6.06 | 7.07 | 6.75 | 14.10 | |
| Total Liabilities | 36.30 | 28.49 | 28.65 | 29.20 | 31.16 | 21.85 | 22.35 | 22.37 | 19.72 | 19.11 | 17.77 | 24.28 |
| 15.08 | 13.81 | 16.42 | 15.26 | 14.07 | 12.79 | 11.49 | 10.45 | 9.51 | 8.72 | 8.70 | 9.07 | |
| 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 |
| 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 |
| 21.22 | 14.68 | 12.23 | 13.94 | 17.09 | 9.06 | 10.86 | 11.92 | 10.21 | 10.39 | 9.07 | 15.21 | |
| Total Assets | 36.30 | 28.49 | 28.65 | 29.20 | 31.16 | 21.85 | 22.35 | 22.37 | 19.72 | 19.11 | 17.77 | 24.28 |
Cash Flows
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 7.41 | 3.50 | 3.66 | 2.27 | 0.45 | -0.75 | -1.27 | 1.39 | 1.55 | 2.70 | 0.89 | 0.44 | |
| -0.28 | -0.12 | -1.94 | -0.09 | -0.02 | 0.06 | 0.00 | 0.01 | -0.02 | -0.12 | -0.81 | -1.25 | |
| -6.61 | -3.37 | -1.87 | -2.07 | -0.32 | -0.14 | 1.86 | -1.79 | -1.72 | -2.58 | -0.03 | 1.72 | |
| Net Cash Flow | 0.51 | 0.01 | -0.15 | 0.11 | 0.12 | -0.84 | 0.58 | -0.39 | -0.18 | -0.01 | 0.05 | 0.91 |
| Free Cash Flow | 7.09 | 3.34 | 1.62 | 2.09 | 0.31 | -0.75 | -1.27 | 1.35 | 1.51 | 2.56 | 0.04 | -0.84 |
| CFO/OP | 926% | 261% | 160% | 119% | 38% | -48% | -259% | 302% | 114% | 147% | -685% | -25% |
Ratios
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 94.27 | 61.36 | 65.71 | 66.51 | 86.46 | 54.60 | 142.10 | 115.11 | 98.66 | 86.79 | 61.13 | 104.60 |
| Inventory Days | 64.50 | 56.98 | 66.59 | 60.29 | 72.24 | 68.20 | 140.74 | 81.27 | 73.24 | 71.00 | 62.98 | 96.19 |
| Days Payable | 137.89 | 99.32 | 117.04 | 118.75 | 154.59 | 102.60 | 193.78 | 162.06 | 123.28 | 139.51 | 109.37 | 215.22 |
| Cash Conversion Cycle | 20.88 | 19.02 | 15.25 | 8.05 | 4.11 | 20.20 | 89.07 | 34.32 | 48.63 | 18.29 | 14.73 | -14.43 |
| Working Capital Days | -28.43 | -53.37 | -59.25 | -27.45 | -17.33 | -28.23 | 0.00 | -22.16 | -19.92 | -27.48 | -14.12 | -78.22 |
| ROCE % | 3.74% | 1.48% | 7.95% | 6.76% | 0.51% | 4.18% | -4.58% | -3.13% | 3.86% | 7.63% | -8.15% | -24.06% |
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 |
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| Actual Production - Formulations (Tablets/Capsules) Nos. (Millions) |
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| Installed Capacity - Bulk Drugs / Intermediates Kgs |
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| Installed Capacity - Formulations (Liquids) Litres |
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| Installed Capacity - Formulations (Tablets/Capsules) Nos. (Millions) |
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| Workforce (Permanent Employees) Number |
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| Material Consumption Rate (% of Revenue) % |
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Extracted by Screener AI
Documents
Announcements
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Resignation Of Secretarial Auditor Of The Company
Listing Regulation: Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015 ('SEBI Listing Regulations')
2d - J.J. Gandhi resigned as Secretarial Auditor of Organic Coatings, effective 10 June 2026.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1 Jun - Disclosure under Regulation 30 & 47 of Securities & Exchange Board of India (Listing Operations and Disclosure Requirements) Regulations, 2015
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Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer
30 May - Company Secretary Nivedita Kulkarni resigned effective 29 May 2026 for personal reasons.
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Board Meeting Outcome for Outcome Of Board Meeting
30 May - FY26 audited results: revenue Rs 2,809.33 lakh, loss Rs 325.88 lakh; no dividend; company secretary resigned.
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Board Meeting Intimation for Audited Financial Result For The FY 2025-26
23 May - Board to meet for FY26 audited results and appointment of two independent directors on 31 March 2026.
Annual reports
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Financial Year 2025
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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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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.