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Ultramarine & Pigments

ULTRAMAR NSE
₹365.15 +9.95 (+2.80%)
P/E
12.74
View as Markdown
MCP
Close 4 Nov 2026 ₹365.15 −81.90 −18.3% 1Y
Start ₹447.05

Key Fundamentals

MicrocapChemicals & PetrochemicalsChemicals

Price-based figures as of · EPS basis: Standalone · TTM

ROCE
10.10%
Debt to Equity
0.03
EPS (TTM)
₹28.66
Book Value
₹297.90
Market Cap
—
P/E (TTM)
12.74
P/B
1.23
ROE
7.64%
Dividend Yield
1.69%
EBITDA
₹136 Cr
52W High
₹473.70
52W Low
₹348.10
Day Range
₹354.05 – ₹366.25
Volume
57,326

Peer Comparison

Commodities › Chemicals › Dyes & Pigments › Dyes And Pigments

Ultramarine & Pigments peer comparison
Sudarshan Chemical Industries
₹1,077.95119.11₹8,488 Cr2.430.46%0.54%5.46%₹9,922 Cr₹88 Cr
Kiri Industries
₹523.45—₹3,368 Cr0.520.00%−9.09%3.40%₹950 Cr₹5,848 Cr
Bodal Chemicals
₹169.6931.08₹2,137 Cr1.680.06%1.97%5.59%₹2,267 Cr₹68 Cr
Shree Pushkar Chemicals
₹594.7526.68₹1,932 Cr2.910.34%12.10%12.90%₹1,002 Cr₹72 Cr
Bhageria Industries
₹354.3520.84₹1,540 Cr2.290.68%7.77%11.00%₹997 Cr₹74 Cr
Ultramarine & Pigments (this company)
₹365.1512.74₹1,049 Cr1.231.69%7.64%10.10%₹757 Cr₹83 Cr
Sudarshan Colorants
₹378.4518.27₹869 Cr1.4217.54%8.80%11.40%₹792 Cr₹47 Cr
Median 7 companies₹378.4523.76₹1,932 Cr1.680.46%7.64%10.10%₹997 Cr₹74 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company. 1 company is not shown because they are not listed on an exchange we cover.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

65 Good

Data confidence 100/100

Category scores

Quality
64
Good
Returns, margins, earnings quality 22% weight
Valuation
74
Strong
Cheap vs sector & own history 24% weight
Growth
58
Good
Sales & profit trajectory 9% weight
Financial Health
81
Strong
Solvency, leverage, coverage 9% weight
Momentum
23
Poor
Trend strength, vol-adjusted 12% weight
Ownership
77
Strong
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

4
  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 25.5%
  • Company's working capital requirements have reduced from 62.5 days to 46.7 days

Weaknesses

2
  • Promoter holding has decreased over last quarter: -5.00%
  • Company has a low return on equity of 7.24% over last 3 years.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1153
OscillatorsBearish351
Moving AveragesStrong Bearish802

Key readings

RSI (14)
39.45
Neutral
MACD (12,26,9)
−14.05
Bearish
SMA (50)
405.52
Bearish
SMA (200)
403.83
Bearish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+12.38%
5Y+18.08%
3Y+9.33%
1Y+8.60%
TTM+13.30%

Net profit

Net profit growth by window
10Y+10.31%
5Y+5.15%
3Y+2.94%
1Y+2.86%
TTM+16.90%

Operating cash flow

Operating cash flow growth by window
10Y+14.02%
5Y+12.78%
3Y+13.57%
1Y+50.72%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y−3.27 pp
5Y−10.68 pp
3Y−3.19 pp
1Y−1.67 pp
TTM−0.47 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹255 Cr
Mar 2018₹277 Cr
Mar 2019₹307 Cr
Mar 2020₹306 Cr
Mar 2021₹308 Cr
Mar 2022₹491 Cr
Mar 2023₹541 Cr
Mar 2024₹526 Cr
Mar 2025₹651 Cr
Mar 2026₹707 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹32.00 Cr
Mar 2018₹44.00 Cr
Mar 2019₹56.00 Cr
Mar 2020₹62.00 Cr
Mar 2021₹56.00 Cr
Mar 2022₹58.00 Cr
Mar 2023₹66.00 Cr
Mar 2024₹54.00 Cr
Mar 2025₹70.00 Cr
Mar 2026₹72.00 Cr

Quarterly Results

₹ Cr
506685 quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
123
137
140
126
152
154
164
182
169
181
178
180
219
Expenses
100
117
120
109
128
130
134
158
144
155
151
159
181
Operating Profit
23
20
20
16
23
24
29
24
25
26
27
21
38
OPM %
19%
15%
14%
13%
15%
16%
18%
13%
15%
14%
15%
12%
17%
Other Income
2
5
2
2
3
5
2
2
3
5
8
1
6
Interest
1
1
1
1
1
1
1
1
1
1
1
1
0
Depreciation
4
4
4
4
4
4
4
4
4
5
5
5
5
PBT
21
20
17
13
21
24
27
22
22
26
29
16
38
Tax %
26%
22%
26%
24%
25%
23%
26%
27%
25%
23%
21%
24%
26%
Net Profit
15
16
12
10
16
18
20
16
17
20
23
12
28
EPS (₹)
5.29
5.42
4.22
3.5
5.43
6.23
6.76
5.43
5.7
6.85
7.99
4.24
9.58

Profit & Loss

₹ Cr
506685 profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
172
220
255
277
307
306
308
491
541
526
651
707
757
Expenses
143
183
205
217
236
230
232
407
448
445
549
608
646
Operating Profit
29
38
50
61
71
77
76
84
93
80
102
99
112
OPM %
17%
17%
20%
22%
23%
25%
25%
17%
17%
15%
16%
14%
15%
Other Income
2
5
3
9
16
11
9
9
12
11
12
17
20
Interest
0
0
1
1
1
2
2
4
4
4
4
3
2
Depreciation
3
3
4
5
6
9
9
12
14
16
17
19
19
PBT
28
39
48
63
80
78
75
78
88
71
93
94
110
Tax %
32%
30%
33%
31%
30%
20%
26%
25%
24%
24%
25%
23%
—
Net Profit
19
27
32
44
56
62
56
58
66
54
70
72
84
EPS (₹)
6.42
9.37
11.12
14.95
19.34
21.24
19.11
19.98
22.76
18.43
23.86
24.77
28.66
Div. Payout %
47%
37%
36%
28%
23%
24%
26%
25%
22%
27%
25%
24%
—

Balance Sheet

₹ Cr
506685 balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
6
6
6
6
6
6
6
6
6
6
6
6
Reserves
94
109
308
505
379
297
455
854
727
887
956
844
Borrowings
0
0
0
0
0
29
38
42
48
44
35
23
Other Liabilities
39
38
48
52
46
50
61
79
67
88
96
120
Total Liabilities
138
153
361
563
431
381
560
980
848
1,025
1,092
993
Fixed Assets
38
52
60
70
79
91
119
142
157
185
205
220
CWIP
2
2
0
1
2
35
23
15
21
2
12
20
Investments
13
15
207
400
232
105
194
595
425
576
594
464
Other Assets
86
84
94
93
118
149
225
228
246
261
281
289
Total Assets
138
153
361
563
431
381
560
980
848
1,025
1,092
993

Cash Flow

₹ Cr
506685 cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
23
28
30
55
30
48
57
37
71
67
69
104
Investing
−8
−9
−27
−41
−2
−39
−20
−60
−49
−34
−3
−117
Financing
−11
−23
0
−15
−15
−16
13
−18
−17
−23
−53
−31
Net Cash Flow
4
−5
3
−1
13
−8
50
−41
6
9
13
−44
Free Cash Flow
21
10
20
35
23
6
26
10
42
41
47
63
CFO/EBITDA
105
99
88
123
78
87
99
65
99
105
90
125

Ratios

506685 financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
47
44
49
34
39
47
52
29
29
39
44
38
Inventory Days
102
71
73
68
70
93
93
92
102
99
72
74
Days Payable
54
57
71
78
57
80
91
50
51
66
47
66
Cash Conversion Cycle
94
58
51
25
53
59
54
71
79
72
69
47
Working Capital Days
61
54
47
37
47
85
93
84
73
79
62
47
ROCE %
29%
37%
23%
15%
16%
22%
18%
12%
11%
9%
10%
10%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Ultramarine & Pigments insights

29 extracted metrics across FY15–FY27.

Shareholding Pattern

As of Sep 2026

  • Public 49.92%
  • Promoters 35.49%
  • Others 12.11%
  • FIIs 1.69%
  • DIIs 0.78%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Ultramarine & Pigments

What does Ultramarine & Pigments Ltd do?
Ultramarine & Pigments is engaged in manufacturing and selling of Pigments, Surfactants, IT-Enabled Services, and Business Process Outsourcing (BPO) activities. The Company caters to both domestic and international markets.
Where is Ultramarine & Pigments Ltd (ULTRAMAR) listed?
Ultramarine & Pigments Ltd trades as ULTRAMAR on the NSE and under code 506685 on the BSE.
Which sector does Ultramarine & Pigments Ltd belong to?
Ultramarine & Pigments Ltd is classified under the Chemicals sector, in the Dyes & Pigments industry.
What is the PE ratio of Ultramarine & Pigments Ltd?
Ultramarine & Pigments Ltd trades at a PE ratio of 12.74 as of 4 Nov 2026, on earnings per share of ₹28.66, against a book value of ₹297.9 per share.
What is the 52-week high and low of Ultramarine & Pigments Ltd?
Over the last 52 weeks Ultramarine & Pigments Ltd has traded between ₹348.1 and ₹473.7 as of 4 Nov 2026.
Does Ultramarine & Pigments Ltd pay dividends?
Ultramarine & Pigments Ltd has a dividend yield of 1.69%.
What is the Return on Equity (ROE) of Ultramarine & Pigments Ltd?
Ultramarine & Pigments Ltd reported a return on equity of 7.64%. Its debt-to-equity ratio is 0.03.

Company Information

Ultramarine & Pigments is engaged in manufacturing and selling of Pigments, Surfactants, IT-Enabled Services, and Business Process Outsourcing (BPO) activities. The Company caters to both domestic and international markets.

Website ultramarinepigments.net
Listed 20 Apr 2026
Face Value ₹2

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