Ultramarine & Pigments Ltd

Ultramarine Pig. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Ultramarine & Pigments Ltd

₹ 568 -0.11%
20 Dec - close price
ultramarinepigments.net BSE: 506685
About

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.

Key Points

FY23 Revenue breakup[1]
Pigments division - 32% (vs 26% in FY22)
Surfactants division - 59% (vs 66% in FY22)
IT Division - 9% (vs 8% in FY22)
Co. is a leading supplier of surfactants to South India-based FMCG players. It also manufactures detergent under the brand name OOB[2][3]

Website BSE
  • Market Cap ₹ 1,658 Cr.
  • Current Price ₹ 568
  • High / Low ₹ 589 / 328
  • Stock P/E 29.3
  • Book Value ₹ 368
  • Dividend Yield 0.88 %
  • ROCE 8.71 %
  • ROE 6.58 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 24.7%

Cons

  • Company has a low return on equity of 7.85% over last 3 years.
  • Debtor days have increased from 32.3 to 39.1 days.
  • Promoter holding has decreased over last 3 years: -3.70%

* 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

Sector: Chemicals Industry: Dyes And Pigments

Part of BSE SmallCap BSE Allcap BSE Commodities

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
118 154 131 131 151 141 119 123 137 140 126 152 154
99 131 111 105 125 114 102 100 117 120 109 128 130
Operating Profit 20 23 20 26 26 27 16 23 20 20 16 23 24
OPM % 17% 15% 16% 20% 17% 19% 14% 19% 15% 14% 13% 15% 16%
5 1 1 1 7 -1 2 2 5 2 2 3 5
Interest 1 1 1 1 1 1 1 1 1 1 1 1 1
Depreciation 3 3 3 3 3 3 4 4 4 4 4 4 4
Profit before tax 21 20 17 23 29 22 13 21 20 17 13 21 24
Tax % 21% 27% 27% 26% 21% 25% 26% 26% 22% 26% 24% 25% 23%
17 15 13 17 23 17 10 15 16 12 10 16 18
EPS in Rs 5.75 5.11 4.37 5.90 7.90 5.66 3.30 5.29 5.42 4.22 3.50 5.43 6.23
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
140 150 172 220 255 277 307 306 308 491 541 526 570
119 125 143 183 205 217 236 230 232 407 448 445 487
Operating Profit 21 25 29 38 50 61 71 77 76 84 93 80 83
OPM % 15% 17% 17% 17% 20% 22% 23% 25% 25% 17% 17% 15% 15%
4 3 2 5 3 9 16 11 9 9 12 11 12
Interest 2 1 0 0 1 1 1 2 2 4 4 4 4
Depreciation 6 6 3 3 4 5 6 9 9 12 14 16 17
Profit before tax 17 22 28 39 48 63 80 78 75 78 88 71 75
Tax % 30% 33% 32% 30% 33% 31% 30% 20% 26% 25% 24% 24%
12 14 19 27 32 44 56 62 56 58 66 54 57
EPS in Rs 4.15 4.93 6.42 9.37 11.12 14.95 19.34 21.24 19.11 19.98 22.76 18.43 19.38
Dividend Payout % 54% 51% 47% 37% 36% 28% 23% 24% 26% 25% 22% 27%
Compounded Sales Growth
10 Years: 13%
5 Years: 11%
3 Years: 19%
TTM: 10%
Compounded Profit Growth
10 Years: 14%
5 Years: 1%
3 Years: -1%
TTM: -5%
Stock Price CAGR
10 Years: 24%
5 Years: 27%
3 Years: 17%
1 Year: 45%
Return on Equity
10 Years: 11%
5 Years: 10%
3 Years: 8%
Last Year: 7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 6 6 6 6 6 6 6 6 6 6 6 6 6
Reserves 80 86 94 109 308 505 379 297 455 854 727 887 1,069
6 2 0 0 0 0 0 29 38 42 48 44 39
27 33 39 38 48 52 46 50 61 79 67 88 97
Total Liabilities 119 127 138 153 361 563 431 381 560 980 848 1,025 1,212
41 41 38 52 60 70 79 91 119 142 157 185 178
CWIP 2 1 2 2 0 1 2 35 23 15 21 2 8
Investments 13 13 13 15 207 400 232 105 194 595 425 576 764
63 72 86 84 94 93 118 149 225 228 246 261 262
Total Assets 119 127 138 153 361 563 431 381 560 980 848 1,025 1,212

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
14 17 23 28 30 55 30 48 57 37 71 67
1 2 -8 -9 -27 -41 -2 -39 -20 -60 -49 -34
-15 -11 -11 -23 -0 -15 -15 -16 13 -18 -17 -23
Net Cash Flow 0 8 4 -5 3 -1 13 -8 50 -41 6 9

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 62 53 47 44 49 34 39 47 52 29 29 39
Inventory Days 72 110 102 71 73 68 70 93 93 92 102 99
Days Payable 23 45 54 57 71 78 57 80 91 50 51 66
Cash Conversion Cycle 112 118 94 58 51 25 53 59 54 71 79 72
Working Capital Days 59 58 61 54 47 37 47 87 96 90 80 85
ROCE % 21% 25% 29% 37% 23% 15% 16% 22% 18% 12% 11% 9%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
44.53% 44.07% 43.04% 42.96% 42.66% 42.37% 42.37% 41.68% 41.07% 41.04% 41.04% 40.86%
0.58% 0.54% 0.73% 0.71% 0.67% 0.80% 0.80% 0.80% 0.84% 1.21% 1.28% 1.22%
0.14% 0.14% 0.15% 0.31% 0.14% 0.82% 0.82% 0.82% 0.82% 0.24% 0.32% 0.32%
54.75% 55.26% 56.08% 56.02% 56.51% 55.99% 55.99% 56.69% 57.25% 57.51% 57.34% 57.61%
No. of Shareholders 20,80021,44322,58722,69122,98623,03522,99922,94622,35221,53919,93319,228

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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