Mehul Colours Ltd
Incorporated in 1995, Mehul Colours Ltd manufactures Colour Masterbatches and pigments.[1]
- Market Cap ₹ 47.5 Cr.
- Current Price ₹ 45.0
- High / Low ₹ 90.0 / 45.0
- Stock P/E 10.1
- Book Value ₹ 39.1
- Dividend Yield 0.00 %
- ROCE 22.1 %
- ROE 16.2 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 1.15 times its book value
- Company has a good return on equity (ROE) track record: 3 Years ROE 25.0%
- Promoter holding has increased by 2.30% over last quarter.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
* 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
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 20.26 | 21.18 | 21.94 | 22.82 | 30.40 | |
| 18.13 | 16.95 | 17.87 | 15.83 | 24.31 | |
| Operating Profit | 2.13 | 4.23 | 4.07 | 6.99 | 6.09 |
| OPM % | 10.51% | 19.97% | 18.55% | 30.63% | 20.03% |
| 0.11 | 0.16 | 0.66 | 0.81 | 1.35 | |
| Interest | 0.06 | 0.06 | 0.06 | 0.05 | 0.02 |
| Depreciation | 0.24 | 0.23 | 0.32 | 0.35 | 0.38 |
| Profit before tax | 1.94 | 4.10 | 4.35 | 7.40 | 7.04 |
| Tax % | 25.26% | 28.29% | 25.98% | 25.68% | 25.71% |
| 1.45 | 2.94 | 3.22 | 5.50 | 5.22 | |
| EPS in Rs | 7.29 | 4.95 | |||
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 13% |
| TTM: | 33% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 17% |
| TTM: | -14% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -49% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 27% |
| 3 Years: | 25% |
| Last Year: | 16% |
Balance Sheet
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 0.29 | 0.29 | 0.29 | 7.54 | 10.55 |
| Reserves | 5.13 | 8.07 | 11.27 | 9.52 | 30.72 |
| 0.37 | 0.00 | 0.36 | 0.00 | 1.96 | |
| 3.74 | 2.78 | 1.95 | 1.90 | 1.98 | |
| Total Liabilities | 9.53 | 11.14 | 13.87 | 18.96 | 45.21 |
| 0.82 | 0.93 | 1.31 | 2.03 | 3.95 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 3.09 | 4.43 | 6.39 | 12.47 |
| 8.71 | 7.12 | 8.13 | 10.54 | 28.79 | |
| Total Assets | 9.53 | 11.14 | 13.87 | 18.96 | 45.21 |
Cash Flows
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 0.07 | 4.69 | 2.09 | 1.91 | 0.19 | |
| -0.07 | -3.29 | -1.42 | -2.30 | -8.08 | |
| 0.02 | -0.41 | 0.33 | -0.39 | 20.93 | |
| Net Cash Flow | 0.02 | 0.99 | 1.01 | -0.78 | 13.04 |
| Free Cash Flow | -0.02 | 4.34 | 1.52 | 0.92 | -2.01 |
| CFO/OP | 31% | 135% | 82% | 56% | 27% |
Ratios
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 122.33 | 66.86 | 56.40 | 88.77 | 95.57 |
| Inventory Days | 27.85 | 47.41 | 54.60 | 76.61 | 49.23 |
| Days Payable | 59.95 | 44.16 | 25.52 | 11.42 | 11.99 |
| Cash Conversion Cycle | 90.23 | 70.11 | 85.48 | 153.96 | 132.81 |
| Working Capital Days | 79.45 | 53.08 | 59.56 | 103.81 | 97.61 |
| ROCE % | 59.22% | 42.80% | 51.28% | 22.09% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Capacity Utilization - Unit I % |
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| Capacity Utilization - Unit II % |
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| Export Revenue Share % |
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| Masterbatch Revenue Share % |
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| Top 10 Customer Concentration % |
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| Top 10 Supplier Concentration % |
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| Total Installed Capacity MT |
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| Total Production Volume (Masterbatches) MT |
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Extracted by Screener AI
Documents
Announcements
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
-
Closure of Trading Window
- Trading window closed from 1 October 2026 until 48 hours after half-year results.
- Shareholder Meeting / Postal Ballot-Outcome of AGM
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
- We hereby submit Newspaper publication pertaining to details of Notice of 31st AGM, book closure and e-voting for the 31st AGM.
-
Reg. 34 (1) Annual Report.
- Annual Report for FY 2025-26 filed; 31st AGM on 30 September 2026 via VC/OAVM.
Business Overview:[1]
MCL is engaged in the manufacture and sale of Plastic Colour Masterbatches for commodity and Engineering Plastics, Pigments, Allied Compounds & Additive Masterbatches, which form a critical segment of the plastics value chain.