Mehul Colours Ltd
Incorporated in 1995, Mehul Colours Ltd manufactures Colour Masterbatches,
and pigments.[1]
- Market Cap ₹ 86.2 Cr.
- Current Price ₹ 81.8
- High / Low ₹ 89.2 / 77.0
- Stock P/E 15.7
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 51.3 %
- ROE 38.3 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 37.3%
Cons
- Debtor days have increased from 70.7 to 88.8 days.
- Working capital days have increased from 72.7 days to 106 days
* 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
Part of BSE SME IPO
Quarterly Results
Figures in Rs. Crores
| Operating Profit |
| OPM % |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Raw PDF |
Profit & Loss
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 20.26 | 21.18 | 21.94 | 22.82 | |
| 18.13 | 16.95 | 17.87 | 15.83 | |
| Operating Profit | 2.13 | 4.23 | 4.07 | 6.99 |
| OPM % | 10.51% | 19.97% | 18.55% | 30.63% |
| 0.11 | 0.16 | 0.66 | 0.81 | |
| Interest | 0.06 | 0.06 | 0.06 | 0.05 |
| Depreciation | 0.24 | 0.23 | 0.32 | 0.35 |
| Profit before tax | 1.94 | 4.10 | 4.35 | 7.40 |
| Tax % | 25.26% | 28.29% | 25.98% | 25.68% |
| 1.45 | 2.94 | 3.22 | 5.50 | |
| EPS in Rs | 7.29 | |||
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 4% |
| TTM: | 4% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 56% |
| TTM: | 73% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 37% |
| Last Year: | 38% |
Balance Sheet
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Equity Capital | 0.29 | 0.29 | 0.29 | 7.54 |
| Reserves | 5.13 | 8.07 | 11.27 | 9.52 |
| 0.37 | 0.00 | 0.36 | 0.00 | |
| 3.74 | 2.78 | 1.95 | 1.90 | |
| Total Liabilities | 9.53 | 11.14 | 13.87 | 18.96 |
| 0.82 | 0.93 | 1.31 | 2.03 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 3.09 | 4.43 | 6.39 |
| 8.71 | 7.12 | 8.13 | 10.54 | |
| Total Assets | 9.53 | 11.14 | 13.87 | 18.96 |
Cash Flows
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 0.07 | 4.69 | 2.09 | 1.91 | |
| -0.07 | -3.29 | -1.42 | -2.30 | |
| 0.02 | -0.41 | 0.33 | -0.39 | |
| Net Cash Flow | 0.02 | 0.99 | 1.01 | -0.78 |
Ratios
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 122.33 | 66.86 | 56.40 | 88.77 |
| Inventory Days | 27.85 | 47.41 | 54.60 | 76.61 |
| Days Payable | 59.95 | 44.16 | 25.52 | 11.42 |
| Cash Conversion Cycle | 90.23 | 70.11 | 85.48 | 153.96 |
| Working Capital Days | 79.45 | 53.08 | 59.56 | 105.57 |
| ROCE % | 59.22% | 42.80% | 51.28% |
Business Overview:[1]
The company manufactures masterbatches, which are concentrated mixtures of pigments and additives used to add colour and enhance the properties of plastic products. It also sells pigments, finely ground colourants blended in-house to offer customized solutions for various industries.