Ultramarine & Pigments L
NSE: ULTRAMAR · Dyes And Pigments · sector
₹369.15NSE close 2026-10-26
Key numbers
Market cap₹1,078 cr
Price₹369.15
52w high / low₹456 / ₹364
P/E11.7xSector median 17.5x
P/B1.2xSector median 1.5x
Book value₹297.9
Dividend yield1.63%Sector median 0.44%
ROE10.0%Sector median 10.0%
ROCE13.3%Sector median 11.3%
OPM16.9%Sector median 10.2%
Debt / equity0.09xSector median 0.21x
EV/EBITDA7.8xSector median 10.8x
Interest cover21.3x
Current ratio2.06x
Sales growth 3y+12.7%Sector median +4.5%
Profit growth 3y+6.7%Sector median +7.9%
PEG1.74x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 11 companies in Dyes And Pigments (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹63 cr vs borrowings ₹79 cr (FY26): borrowings are higher by ₹16 cr.
- Operating profit covered interest 21.3x in the last 12 months.
- Other income was 16% of net profit in the last 12 months.
- No dividend in the last 5 financial years.
- Price ₹369.15 on 2026-10-26: -19.0% from the 52-week high, +1.4% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹589.30 · low ₹367.85
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|
| Revenue | 195 | 184 | 196 | 196 | 199 | 240 |
| EBITDA | 28 | 32 | 32 | 39 | 24 | 45 |
| OPM % | 14.6% | 17.2% | 16.1% | 19.7% | 12.3% | 18.9% |
| Other income | 3 | 3 | 2 | 3 | 3 | 6 |
| Net profit | 17 | 20 | 19 | 27 | 14 | 32 |
| EPS (₹) | 5.83 | 6.91 | 6.63 | 9.28 | 4.85 | 10.82 |
| Revenue YoY | +2.0% | +30.1% | ||||
| Profit YoY | -16.9% | +56.5% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 491 | 541 | 526 | 695 | 775 | 830 |
| EBITDA | 83 | 92 | 79 | 118 | 126 | 140 |
| Net profit | 58 | 66 | 54 | 75 | 81 | 92 |
| EPS (₹) | 19.97 | 22.76 | 18.43 | 25.70 | 27.66 | 31.58 |
| Revenue growth | +10.3% | -2.9% | +32.2% | +11.5% | – | |
| Profit growth | +14.0% | -19.0% | +39.4% | +7.6% | – | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +12.7% | – | – |
| Net profit | +6.7% | – | – |
| EPS | +6.7% | – | – |
| Share price | – | – (2y) | – |
Balance sheet
| ₹ cr | FY25 | FY26 |
|---|---|---|
| Shareholders' equity | 973 | 870 |
| Borrowings | 86 | 79 |
| Cash & equivalents | 75 | 63 |
| Total assets | 1,173 | 1,094 |
| Fixed assets | 301 | 342 |
| Capital work in progress | 26 | 30 |
| Investments | 498 | 366 |
| Receivables | 81 | 80 |
| Inventory | 88 | 107 |
| Payables | 52 | 84 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY25 | FY26 |
|---|---|---|
| Cash from operations | 90 | 128 |
| Cash from investing | -42 | -148 |
| Cash from financing | -33 | -31 |
| Capex | 53 | 68 |
| Free cash flow | 37 | 60 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY25 | FY26 |
|---|---|---|
| ROE % | 7.7% | 9.3% |
| ROCE % | 10.0% | 11.7% |
| Debtor days | 42 | 38 |
| Inventory days | 83 | 88 |
| Payable days | 49 | 69 |
| Cash conversion cycle (days) | 76 | 57 |
| Working capital days | 100 | 73 |
Peers in Dyes And Pigments
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| SUDARSCHEM | ₹8,180 cr | 113.1x | 2.4x | 2.1% | 6.4% | 6.3% | +62.0% | 0.44% |
| KIRIINDUS | ₹3,097 cr | 0.5x | 0.5x | 120.8% | 93.8% | 599.3% | -3.9% | – |
| BODALCHEM | ₹1,705 cr | 24.8x | 1.5x | 6.1% | 8.0% | 8.1% | +8.5% | 0.00% |
| SHREEPUSHK | ₹1,587 cr | 22.0x | 2.6x | 12.6% | 12.6% | 10.2% | +12.6% | 0.41% |
| BHAGERIA | ₹1,483 cr | 21.5x | 2.5x | 11.9% | 13.9% | 11.5% | +20.3% | 0.45% |
| ULTRAMAR | ₹1,078 cr | 11.7x | 1.2x | 10.0% | 13.3% | 16.9% | +12.7% | 1.63% |
| SUDARCOLOR | ₹814 cr | 17.0x | 1.4x | 8.7% | 11.3% | 6.8% | +0.6% | – |
| ASAHISONG | ₹408 cr | 11.7x | 1.5x | 13.2% | 14.2% | 12.4% | +2.0% | 0.44% |
| AKSHARCHEM | ₹311 cr | 10.8x | 1.1x | 10.4% | 8.8% | 10.6% | +3.6% | 0.22% |
| PODDARMENT | ₹267 cr | 17.5x | 0.8x | 4.3% | 6.2% | 6.0% | +3.2% | 1.59% |
Business segments (2026-06-30)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Chemcials and allied products | ₹225 cr | 93.2% | ₹38 cr | 17.0% |
| IT Enabled services | ₹15 cr | 6.2% | ₹6 cr | 38.9% |
| Windmill | ₹1 cr | 0.6% | ₹1 cr | 52.6% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-07-14 | Dividend | Dividend - Rs 6 Per Share |
Documents
Links go to the original files on the exchange website.
About the company
| Sector | Commodities |
| Industry | Dyes And Pigments |
| Sub-industry | Dyes And Pigments |
| Symbol | ULTRAMAR |
| BSE code | 506685 |
| ISIN | INE405A01021 |
| Face value | ₹2.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from BSE company filings (inline XBRL: Integrated Filing - Finance) + BSE results summary for earlier years; price = NSE close 2026-10-26.