Mehul Colours
MEHULCOLOURSLTD NSE
Mehul Colours
ChemicalsNSE: MEHULCOLOURSLTD BSE: 544472 Specialty Chemicals
Key Fundamentals
SMESpecialty ChemicalsChemicalsMarket Cap
₹54.20 Cr
Volatility
Low Risk
P/E Ratio
10.4
EBITDA
₹6.03 Cr
Return on Equity
32.26%
Debt to Equity
0.05
Book Value
₹39.12
52W High
₹92.5
52W Low
₹48
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
3- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 26.0%
- Promoter holding has increased by 2.30% over last quarter.
Weaknesses
2- Though the company is reporting repeated profits, it is not paying out dividend
- Working capital days have increased from 108 days to 160 days
Growth Rate
Revenue Growth
28.27% higher than
3Y
Net Income Growth
-5.64% lower than
3Y
Cash Flow Change
-8.61% higher than
3Y
ROE
15.83% lower than
3Y
ROCE
15.81% higher than
3Y
EBITDA Margin (Avg.)
-42.23% lower than
3Y
Quarterly Results
| Particulars | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 10.81 | 12.01 | 14.21 | 16.19 |
| Expenses | 7.65 | 8.27 | 9.98 | 14.39 |
| Operating Profit | 3.16 | 3.74 | 4.23 | 1.8 |
| OPM % | 29.23% | 31.14% | 29.77% | 11.12% |
| Other Income | 0.44 | 0.45 | 0.38 | 1.03 |
| Interest | 0.02 | 0.01 | 0.01 | 0.01 |
| Depreciation | 0.17 | 0.18 | 0.16 | 0.23 |
| PBT | 3.41 | 4 | 4.44 | 2.59 |
| Tax % | 24.93% | 26.25% | 25.9% | 25.48% |
| Net Profit | 2.56 | 2.95 | 3.29 | 1.93 |
| EPS in Rs | — | 3.91 | 3.12 | 1.83 |
Profit & Loss
| Particulars | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Sales | 20.26 | 21.18 | 21.94 | 22.82 | 30.4 |
| Expenses | 18.13 | 16.95 | 17.87 | 15.83 | 24.37 |
| Operating Profit | 2.13 | 4.23 | 4.07 | 6.99 | 6.03 |
| OPM % | 10.51% | 19.97% | 18.55% | 30.63% | 19.84% |
| Other Income | 0.11 | 0.16 | 0.66 | 0.81 | 1.41 |
| Interest | 0.06 | 0.06 | 0.06 | 0.05 | 0.02 |
| Depreciation | 0.24 | 0.23 | 0.32 | 0.35 | 0.38 |
| PBT | 1.94 | 4.1 | 4.35 | 7.4 | 7.04 |
| Tax % | 25.26% | 28.29% | 25.98% | 25.68% | 25.71% |
| Net Profit | 1.45 | 2.94 | 3.22 | 5.5 | 5.22 |
| EPS in Rs | — | — | — | 7.29 | 4.95 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
| Particulars | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Equity Capital | 0.29 | 0.29 | 0.29 | 7.54 | 10.55 |
| Reserves | 5.13 | 8.07 | 11.27 | 9.52 | 30.72 |
| Borrowings | 0.37 | 0 | 0.36 | 0 | 1.97 |
| Other Liabilities | 3.74 | 2.78 | 1.95 | 1.9 | 1.97 |
| Total Liabilities | 9.53 | 11.14 | 13.87 | 18.96 | 45.21 |
| Fixed Assets | 0.82 | 0.93 | 1.31 | 2.03 | 3.95 |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 3.09 | 4.43 | 6.39 | 12.47 |
| Other Assets | 8.71 | 7.12 | 8.13 | 10.54 | 28.79 |
| Total Assets | 9.53 | 11.14 | 13.87 | 18.96 | 45.21 |
Cash Flow
| Particulars | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Operating | 0.07 | 4.69 | 2.09 | 1.91 | -0.17 |
| Investing | -0.07 | -3.29 | -1.42 | -2.3 | -7.72 |
| Financing | 0.02 | -0.41 | 0.33 | -0.39 | 20.93 |
| Net Cash Flow | 0.02 | 0.99 | 1.01 | -0.78 | 13.04 |
| Free Cash Flow | -0.02 | 4.34 | 1.52 | 0.92 | -2.37 |
| CFO/OP | 31 | 135 | 82 | 54 | 21 |
Ratios
| Particulars | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Debtor Days | 122 | 66.86 | 56.4 | 88.77 | 95.57 |
| Inventory Days | 27.85 | 47.41 | 54.6 | 76.61 | 48.78 |
| Days Payable | 59.95 | 44.16 | 25.52 | 11.42 | 11.88 |
| Cash Conversion Cycle | 90.23 | 70.11 | 85.48 | 154 | 132 |
| Working Capital Days | 79.45 | 53.08 | 59.56 | 106 | 160 |
| ROCE % | — | 59.22% | 42.8% | 51.28% | 23.42% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Mehul Colours insights
42 extracted metrics + investor summaries across FY15–FY26.
Documents
2
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
20 Mar - Promoter bought 241,600 shares (2.29%) on 16 Mar 2026; stake increased to 71.53%. 20 Mar - Promoter bought 241,600 shares (2.29%) on 16 Mar 2026; stake increased to 71.53%.
3
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
19 Mar - Promoter Mehul Joshi bought 2,41,600 shares (2.29%) on 16 Mar 2026; holding now 71.53% 19 Mar - Promoter Mehul Joshi bought 2,41,600 shares (2.29%) on 16 Mar 2026; holding now 71.53%
4
Announcement under Regulation 30 (LODR)-Newspaper Publication
24 Feb - Copy of newspaper advertisements published in Financial Express - English & Gujarati & Gujarat Samachar regarding postal ballot notice dated February 12, 2026. 24 Feb - Copy of newspaper advertisements published in Financial Express - English & Gujarati & Gujarat Samachar regarding postal ballot notice dated February 12, 2026.
5
Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
23 Feb - Postal ballot: approve 2026 WESOP (5% cap) and RPTs capped INR520/700/400 Cr; voting Feb24–Mar25, 2026. 23 Feb - Postal ballot: approve 2026 WESOP (5% cap) and RPTs capped INR520/700/400 Cr; voting Feb24–Mar25, 2026.
Frequently Asked Questions about Mehul Colours
What does Mehul Colours Ltd do?
Incorporated in 1995, Mehul Colours Ltd manufactures Colour Masterbatches,
and pigments.[1]
Where is Mehul Colours Ltd (544472) listed?
Mehul Colours Ltd trades as MEHULCOLOURSLTD on the NSE and under code 544472 on the BSE.
Which sector does Mehul Colours Ltd belong to?
Mehul Colours Ltd is classified under the Chemicals sector, in the Specialty Chemicals industry.
What is the market capitalisation of Mehul Colours Ltd?
Mehul Colours Ltd has a market capitalisation of ₹54.2 Cr, which places it in the Small Cap band.
What is the PE ratio of Mehul Colours Ltd?
Mehul Colours Ltd trades at a PE ratio of 10.40, against a book value of ₹39.12 per share.
What is the 52-week high and low of Mehul Colours Ltd?
Over the last 52 weeks Mehul Colours Ltd has traded between ₹48 and ₹92.5.
What is the Return on Equity (ROE) of Mehul Colours Ltd?
Mehul Colours Ltd reported a return on equity of 32.26%. Its debt-to-equity ratio is 0.05.
Company Information
Incorporated in 1995, Mehul Colours Ltd manufactures Colour Masterbatches, and pigments.[1]
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