Ducol Organics & Colours Ltd
Incorporated in 1924, Ducol Organics
& Colours Ltd offers a range of pigment dispersions for various industries[1]
- Market Cap ₹ 317 Cr.
- Current Price ₹ 195
- High / Low ₹ 198 / 93.5
- Stock P/E 68.5
- Book Value ₹ 55.5
- Dividend Yield 0.00 %
- ROCE 8.47 %
- ROE 5.98 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 3.51 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 3.65% over past five years.
- Company has a low return on equity of 8.03% over last 3 years.
- Earnings include an other income of Rs.3.48 Cr.
* 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 Dyes And Pigments
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 64.65 | 68.28 | 82.30 | 90.73 | 75.41 | 77.35 | |
| 59.96 | 61.65 | 74.45 | 78.44 | 68.29 | 69.58 | |
| Operating Profit | 4.69 | 6.63 | 7.85 | 12.29 | 7.12 | 7.77 |
| OPM % | 7.25% | 9.71% | 9.54% | 13.55% | 9.44% | 10.05% |
| 0.55 | 0.94 | 0.95 | 0.71 | 3.99 | 3.48 | |
| Interest | 3.27 | 3.02 | 2.81 | 2.09 | 2.04 | 2.43 |
| Depreciation | 1.68 | 1.15 | 1.17 | 1.38 | 2.62 | 2.62 |
| Profit before tax | 0.29 | 3.40 | 4.82 | 9.53 | 6.45 | 6.20 |
| Tax % | 75.86% | 17.06% | 28.42% | 35.78% | 25.58% | 25.32% |
| 0.07 | 2.81 | 3.45 | 6.11 | 4.80 | 4.62 | |
| EPS in Rs | 0.23 | 9.37 | 11.50 | 4.20 | 3.30 | 2.84 |
| Dividend Payout % | 0.00% | 32.03% | 26.09% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 4% |
| 3 Years: | -2% |
| TTM: | 3% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 131% |
| 3 Years: | 10% |
| TTM: | 24% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 65% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 10% |
| 3 Years: | 8% |
| Last Year: | 6% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 3.00 | 3.00 | 3.00 | 14.54 | 14.54 | 16.29 |
| Reserves | 11.06 | 13.90 | 19.08 | 44.86 | 49.77 | 73.94 |
| 23.82 | 16.57 | 19.92 | 12.80 | 21.29 | 28.02 | |
| 23.52 | 23.63 | 22.03 | 18.60 | 14.59 | 17.37 | |
| Total Liabilities | 61.40 | 57.10 | 64.03 | 90.80 | 100.19 | 135.62 |
| 19.41 | 15.12 | 14.30 | 17.31 | 20.98 | 19.34 | |
| CWIP | 0.00 | 4.92 | 8.27 | 11.34 | 14.83 | 22.93 |
| Investments | 0.10 | 0.10 | 0.39 | 0.41 | 2.09 | 3.71 |
| 41.89 | 36.96 | 41.07 | 61.74 | 62.29 | 89.64 | |
| Total Assets | 61.40 | 57.10 | 64.03 | 90.80 | 100.19 | 135.62 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 4.05 | 9.60 | 7.92 | 5.36 | 12.19 | 18.55 | |
| -1.24 | -0.69 | -3.84 | -27.49 | -7.53 | 13.06 | |
| -1.60 | -9.31 | -4.47 | 28.02 | -6.86 | 13.78 | |
| Net Cash Flow | 1.21 | -0.39 | -0.39 | 5.89 | -2.20 | 45.38 |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 57.02 | 52.23 | 74.64 | 40.11 | 59.05 | 57.43 |
| Inventory Days | 171.46 | 138.15 | 128.50 | 138.64 | 155.74 | 144.71 |
| Days Payable | 157.69 | 158.84 | 121.39 | 87.26 | 81.85 | 96.80 |
| Cash Conversion Cycle | 70.79 | 31.54 | 81.75 | 91.49 | 132.95 | 105.34 |
| Working Capital Days | 57.25 | 43.67 | 40.36 | 53.02 | 29.04 | -40.49 |
| ROCE % | 17.94% | 20.22% | 20.32% | 8.86% | 8.47% |
Documents
Announcements
-
Resignation
18 October 2025 - Ducol Organics And Colours Limited has informed regarding Resignation of Abhishek Agrawal as Non- Executive Director of the company w.e.f. October 13, 2025.
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
14 October 2025 - Ducol Organics And Colours Limited has informed about Certificate under SEBI (Depositories and Participants) Regulations, 2018
-
Integrated Filing- Governance
13 October 2025 - Quarterly complaint status 01-07-2025 to 30-09-2025: no complaints.
-
Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
13 October 2025 - Ducol Organics And Colours Limited has informed regarding Submission of the Compliance Report on Corporate Governance for the Quarter Ended 30th September, 2025
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
10 October 2025 - Reg 74(5) certificate: all shares dematerialised; no remat/demat requests for quarter ended 30 Sept 2025.
Business overview:[1]
DOCL manufactures dispersions, preparations, concentrates, emulsions,
pastes, colorants, elaborations, master batches and tinters