Ducol Organics & Colours Ltd
Incorporated in 1924, Ducol Organics
& Colours Ltd offers a range of pigment dispersions for various industries[1]
- Market Cap ₹ 193 Cr.
- Current Price ₹ 107
- High / Low ₹ 210 / 90.0
- Stock P/E 47.6
- Book Value ₹ 57.8
- Dividend Yield 0.00 %
- ROCE 7.07 %
- ROE 4.40 %
- Face Value ₹ 10.0
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 4.22% over past five years.
- Tax rate seems low
- Company has a low return on equity of 5.36% over last 3 years.
- Promoter holding has decreased over last 3 years: -11.2%
* 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
Part of Nifty SME Emerge
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 64.65 | 68.28 | 82.30 | 90.73 | 75.41 | 77.35 | 83.96 | |
| 59.96 | 61.65 | 74.45 | 78.44 | 68.29 | 69.87 | 73.86 | |
| Operating Profit | 4.69 | 6.63 | 7.85 | 12.29 | 7.12 | 7.48 | 10.10 |
| OPM % | 7.25% | 9.71% | 9.54% | 13.55% | 9.44% | 9.67% | 12.03% |
| 0.55 | 0.94 | 0.95 | 0.71 | 3.99 | 3.77 | 1.96 | |
| Interest | 3.27 | 3.02 | 2.81 | 2.09 | 2.04 | 2.43 | 4.51 |
| Depreciation | 1.68 | 1.15 | 1.17 | 1.38 | 2.62 | 2.62 | 3.06 |
| Profit before tax | 0.29 | 3.40 | 4.82 | 9.53 | 6.45 | 6.20 | 4.49 |
| Tax % | 75.86% | 17.06% | 28.42% | 35.78% | 25.58% | 25.32% | 9.58% |
| 0.07 | 2.81 | 3.45 | 6.11 | 4.80 | 4.62 | 4.06 | |
| EPS in Rs | 0.07 | 2.68 | 3.29 | 4.20 | 3.30 | 2.84 | 2.49 |
| Dividend Payout % | 0.00% | 32.03% | 26.09% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 4% |
| 3 Years: | -3% |
| TTM: | 9% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 8% |
| 3 Years: | -13% |
| TTM: | -12% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -11% |
| 1 Year: | -43% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 8% |
| 3 Years: | 5% |
| Last Year: | 4% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 3.00 | 3.00 | 3.00 | 14.54 | 14.54 | 16.29 | 16.29 |
| Reserves | 11.06 | 13.90 | 19.08 | 44.86 | 49.77 | 73.94 | 77.86 |
| 23.82 | 16.57 | 19.92 | 12.80 | 21.29 | 28.02 | 42.18 | |
| 23.52 | 23.63 | 22.03 | 18.60 | 14.59 | 17.37 | 20.72 | |
| Total Liabilities | 61.40 | 57.10 | 64.03 | 90.80 | 100.19 | 135.62 | 157.05 |
| 19.41 | 15.12 | 14.30 | 17.31 | 20.98 | 19.34 | 21.56 | |
| CWIP | 0.00 | 4.92 | 8.27 | 11.34 | 14.83 | 22.93 | 27.24 |
| Investments | 0.10 | 0.10 | 0.39 | 0.41 | 2.09 | 3.71 | 44.21 |
| 41.89 | 36.96 | 41.07 | 61.74 | 62.29 | 89.64 | 64.04 | |
| Total Assets | 61.40 | 57.10 | 64.03 | 90.80 | 100.19 | 135.62 | 157.05 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 4.05 | 9.60 | 7.92 | 5.36 | 12.19 | 18.55 | -1.83 | |
| -1.24 | -0.69 | -3.84 | -27.49 | -7.53 | 13.06 | -48.74 | |
| -1.60 | -9.31 | -4.47 | 28.02 | -6.86 | 13.78 | 18.46 | |
| Net Cash Flow | 1.21 | -0.39 | -0.39 | 5.89 | -2.20 | 45.38 | -32.11 |
| Free Cash Flow | 2.25 | 7.90 | 3.69 | -2.08 | 3.53 | 9.47 | -11.42 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 88% | 152% | 118% | 67% | 199% | 268% | -4% |
Ratios
Standalone / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 57.02 | 52.23 | 74.64 | 40.11 | 59.05 | 57.43 | 76.16 |
| Inventory Days | 171.46 | 138.15 | 128.50 | 138.64 | 155.74 | 145.37 | 154.27 |
| Days Payable | 157.69 | 158.84 | 121.39 | 87.26 | 81.85 | 97.24 | 123.96 |
| Cash Conversion Cycle | 70.79 | 31.54 | 81.75 | 91.49 | 132.95 | 105.56 | 106.47 |
| Working Capital Days | 57.25 | 43.67 | 40.36 | 53.02 | 29.04 | -40.39 | 13.82 |
| ROCE % | 17.94% | 20.22% | 20.32% | 8.86% | 8.47% | 7.07% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Export Revenue Share % |
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| Dry Dispersions Installed Capacity MTPA |
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| Master Batches Installed Capacity MTPA |
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| Number of Operational Manufacturing Units count |
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| Permanent Employees count |
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| Wet Dispersions Installed Capacity MTPA |
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| Bitumag Waterproofing Membrane Capacity Million Sq. Meters |
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Extracted by Screener AI
Documents
Announcements
-
Integrated Filing- Governance
- Complaint status for 01-07-2026 to 30-09-2026 shows nil complaints pending, received, or resolved.
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
- Ducol Organics And Colours Limited has informed about Certificate under SEBI (Depositories and Participants) Regulations, 2018
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
- Regulation 74(5) certificate for quarter ended 30 September 2026; all shares held in demat form.
-
Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
- Ducol Organics And Colours Limited has informed regarding Submission of the Compliance Report on non-applicability of the Corporate Governance for the Quarter ended 30th September …
-
Trading Window
- Ducol Organics And Colours Limited has informed regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
Annual reports
-
Annual Report 2026
from nse
-
Annual Report 2025
from nse
-
Annual Report 2024
from nse
-
Annual Report 2023
from nse
Business overview:[1]
DOCL manufactures pigment dispersions, colourants and masterbatches for paints, inks, textiles, plastics, rubber, paper and consumer products. It has expanded into waterproofing, construction chemicals and industrial adhesives through Bitumag Industries and Xchem Polymers. [2]