Ducol Organics & Colours Ltd
Incorporated in 1924, Ducol Organics
& Colours Ltd offers a range of pigment dispersions for various industries[1]
- Market Cap ₹ 184 Cr.
- Current Price ₹ 113
- High / Low ₹ 210 / 90.0
- Stock P/E 45.4
- Book Value ₹ 57.9
- Dividend Yield 0.00 %
- ROCE 6.87 %
- ROE 4.40 %
- Face Value ₹ 10.0
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- 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: -6.05%
* 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 | 69.58 | 74.12 | |
| Operating Profit | 4.69 | 6.63 | 7.85 | 12.29 | 7.12 | 7.77 | 9.84 |
| OPM % | 7.25% | 9.71% | 9.54% | 13.55% | 9.44% | 10.05% | 11.72% |
| 0.55 | 0.94 | 0.95 | 0.71 | 3.99 | 3.48 | 1.96 | |
| Interest | 3.27 | 3.02 | 2.81 | 2.09 | 2.04 | 2.43 | 4.25 |
| 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 | 0.23 | 9.37 | 11.50 | 4.20 | 3.30 | 2.84 | 2.50 |
| 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: | -3% |
| 1 Year: | 2% |
| 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 | 20.71 | |
| Total Liabilities | 61.40 | 57.10 | 64.03 | 90.80 | 100.19 | 135.62 | 157.04 |
| 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 | 64.03 | |
| Total Assets | 61.40 | 57.10 | 64.03 | 90.80 | 100.19 | 135.62 | 157.04 |
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/OP | 88% | 152% | 118% | 67% | 199% | 258% | -5% |
Ratios
Standalone Figures in Rs. Crores / 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 | 144.71 | 146.99 |
| Days Payable | 157.69 | 158.84 | 121.39 | 87.26 | 81.85 | 96.80 | 118.11 |
| Cash Conversion Cycle | 70.79 | 31.54 | 81.75 | 91.49 | 132.95 | 105.34 | 105.04 |
| Working Capital Days | 57.25 | 43.67 | 40.36 | 53.02 | 29.04 | -40.49 | 13.82 |
| ROCE % | 17.94% | 20.22% | 20.32% | 8.86% | 8.47% | 6.87% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Number of Export Countries Count |
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| Permanent Employees Count |
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| Installed Capacity - Dry Dispersions MTPA |
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| Installed Capacity - Master Batches MTPA |
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| Installed Capacity - Wet Dispersions MTPA |
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| Number of Manufacturing Facilities Count |
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Extracted by Screener AI
Documents
Announcements
-
Shareholders meeting
6 June 2026 - Shareholders approved issuance of up to 17,64,697 equity shares for XPIPL share-swap acquisition.
-
Shareholders meeting
5 June 2026 - No substantive announcement content; only digital signature information.
-
Reply to Clarification- Financial results
29 May 2026 - Limited review report for H1 FY26; standalone and consolidated results unmodified, subsidiary revenue Rs. 2,333.44 lakh.
-
General Updates
22 May 2026 - NSE grants in-principle approval to list 39,682 preferential equity shares.
-
Press Release
22 May 2026 - Ducol acquired 50.67% of Xchem for ₹38 crore; SPA signed 26 March 2026.
Business overview:[1]
DOCL manufactures dispersions, preparations, concentrates, emulsions,
pastes, colorants, elaborations, master batches and tinters