Ushanti Colour Chem Ltd
Ushanti Colour Chem Ltd manufactures dyes, pigments, additives and intermediates for textile, paper, leather, paint, plastic and ink applications. It operates the legacy Vatva business and consolidates 51%-owned UC Colours and Intermediates Pvt Ltd, which houses the Saykha project.[1] [2]
- Market Cap ₹ 333 Cr.
- Current Price ₹ 240
- High / Low ₹ 260 / 39.0
- Stock P/E 165
- Book Value ₹ 55.4
- Dividend Yield 0.00 %
- ROCE 6.63 %
- ROE 3.03 %
- Face Value ₹ 10.0
Pros
- Company's working capital requirements have reduced from 55.5 days to 43.2 days
Cons
- Stock is trading at 4.33 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -13.0%
- Company has a low return on equity of 2.95% over last 3 years.
- Earnings include an other income of Rs.5.12 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
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 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 29 | 25 | 30 | 37 | 40 | 46 | 35 | 48 | 43 | 43 | 49 | 124 | |
| 27 | 23 | 26 | 31 | 35 | 41 | 30 | 44 | 43 | 41 | 47 | 120 | |
| Operating Profit | 2 | 2 | 4 | 5 | 5 | 5 | 5 | 4 | 0 | 1 | 1 | 3 |
| OPM % | 8% | 9% | 12% | 14% | 12% | 11% | 14% | 8% | 0.4% | 3.2% | 2.8% | 2.7% |
| 0 | 0 | 0 | 0 | 1 | 1 | 0 | 1 | 4 | 3 | 3 | 5 | |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 2 | 2 | 2 | 2 | 1 |
| Profit before tax | 0 | 0 | 2 | 3 | 3 | 3 | 3 | 2 | 2 | 2 | 2 | 7 |
| Tax % | 39% | 44% | 34% | 28% | 26% | 26% | 27% | 26% | -4% | 28% | 4% | 25% |
| 0 | 0 | 1 | 2 | 2 | 2 | 2 | 1 | 2 | 1 | 2 | 5 | |
| EPS in Rs | 5.60 | 5.20 | 27.60 | 4.38 | 2.91 | 3.08 | 3.16 | 1.92 | 1.67 | 1.20 | 1.61 | 3.62 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 6% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 29% |
| 3 Years: | 43% |
| TTM: | 154% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 23% |
| 5 Years: | -3% |
| 3 Years: | 69% |
| TTM: | 14% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 40% |
| 3 Years: | 55% |
| 1 Year: | 520% |
| Return on Equity | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 2% |
| 3 Years: | 3% |
| Last Year: | 3% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.50 | 0.50 | 0.50 | 5 | 7 | 7 | 7 | 7 | 10 | 11 | 11 | 14 |
| Reserves | 4 | 5 | 6 | 4 | 15 | 18 | 20 | 26 | 37 | 41 | 45 | 63 |
| 9 | 11 | 8 | 13 | 10 | 11 | 10 | 7 | 4 | 6 | 13 | 12 | |
| 6 | 6 | 8 | 8 | 7 | 5 | 5 | 10 | 8 | 6 | 9 | 20 | |
| Total Liabilities | 20 | 22 | 23 | 31 | 39 | 40 | 43 | 50 | 60 | 64 | 78 | 109 |
| 4 | 4 | 11 | 15 | 14 | 19 | 19 | 20 | 14 | 14 | 13 | 13 | |
| CWIP | 0 | 1 | 0 | 2 | 7 | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8 | 8 | 8 |
| 16 | 17 | 12 | 14 | 19 | 21 | 23 | 29 | 45 | 42 | 57 | 88 | |
| Total Assets | 20 | 22 | 23 | 31 | 39 | 40 | 43 | 50 | 60 | 64 | 78 | 109 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3 | 2 | 4 | 1 | -3 | 0 | 4 | 2 | 2 | -1 | 2 | -4 | |
| -6 | -2 | -1 | -6 | -4 | -0 | -3 | -1 | -11 | -3 | -11 | 10 | |
| 2 | 1 | -4 | 4 | 7 | -0 | -1 | -0 | 9 | 4 | 9 | 1 | |
| Net Cash Flow | -1 | 1 | -1 | -0 | 0 | 0 | 0 | 0 | 0 | -0 | -0 | 7 |
| Free Cash Flow | 2 | 1 | 3 | -5 | -7 | -0 | 2 | -0 | 8 | -2 | 2 | -2 |
| CFO/OP | 142% | 98% | 132% | 39% | -45% | 29% | 91% | 58% | 1,006% | -59% | 209% | -79% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 61 | 71 | 64 | 62 | 80 | 73 | 97 | 81 | 77 | 58 | 62 | 74 |
| Inventory Days | 52 | 75 | 69 | 61 | 53 | 67 | 124 | 102 | 85 | 125 | 104 | 23 |
| Days Payable | 117 | 142 | 166 | 119 | 94 | 38 | 68 | 98 | 71 | 65 | 78 | 57 |
| Cash Conversion Cycle | -5 | 4 | -34 | 4 | 38 | 102 | 154 | 86 | 91 | 117 | 88 | 39 |
| Working Capital Days | -33 | -87 | -49 | -71 | -16 | 39 | 14 | 23 | 87 | 77 | 46 | 43 |
| ROCE % | 14% | 10% | 19% | 24% | 14% | 12% | 11% | 7% | -0% | 4% | 5% | 7% |
Insights
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Extracted by Screener AI
Documents
Announcements
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Copy of Newspaper Publication
- Newspaper ads published on 27 Aug 2026 for 33rd AGM notice dispatch and e-voting information.
-
Shareholders meeting
- 33rd AGM on 26 Sep 2026; e-voting 23-25 Sep; two related-party appointments proposed.
-
Outcome of Board Meeting
- Board approved 33rd AGM on 26 September 2026 and appointed scrutinizer.
-
Updates
- Corporate governance provisions not applicable for quarter ended 30 June 2026; company remains SME-listed on NSE EMERGE.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
- Submitted Regulation 74(5) certificate for quarter ended 30 June 2026.
Product Profile:
The group manufactures direct, reactive, acid, solvent, and inkjet dyes; copper phthalocyanine crude and alpha/beta blue and green pigments; emulsions and additives; and chemical intermediates used in textiles, paper, leather, wood, plastics, paints, and inks. [1] [2]