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 28.1
  • Book Value ₹ 371
  • Dividend Yield 0.88 %
  • ROCE 9.21 %
  • ROE 7.00 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 23.8%

Cons

  • Company has a low return on equity of 8.12% over last 3 years.
  • 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

Consolidated Figures in Rs. Crores / View Standalone

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
118 154 130 131 152 150 125 131 146 148 136 161 161
99 131 110 105 126 117 105 104 122 125 116 134 134
Operating Profit 20 23 20 26 26 32 20 27 24 23 20 26 27
OPM % 17% 15% 16% 20% 17% 22% 16% 21% 17% 16% 15% 16% 17%
5 1 1 1 7 -1 2 2 5 2 2 3 4
Interest 1 1 1 1 1 1 2 2 2 2 2 2 2
Depreciation 3 3 3 3 4 4 5 5 5 6 6 6 6
Profit before tax 21 20 17 23 28 26 15 22 22 17 14 22 24
Tax % 21% 27% 27% 26% 21% 24% 25% 25% 21% 25% 24% 25% 23%
17 15 13 17 22 19 11 17 17 13 11 17 19
EPS in Rs 5.75 5.11 4.36 5.86 7.46 6.64 3.75 5.66 5.91 4.43 3.72 5.66 6.38
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
306 308 490 557 561 605
230 232 406 455 466 509
Operating Profit 77 76 84 102 95 96
OPM % 25% 25% 17% 18% 17% 16%
11 9 9 11 10 11
Interest 2 2 4 5 7 7
Depreciation 9 9 12 17 22 23
Profit before tax 78 75 78 91 76 78
Tax % 20% 26% 25% 24% 24%
62 56 58 69 58 59
EPS in Rs 21.24 19.11 19.97 23.70 19.73 20.19
Dividend Payout % 24% 26% 25% 21% 25%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 22%
TTM: 10%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 1%
TTM: -11%
Stock Price CAGR
10 Years: 24%
5 Years: 27%
3 Years: 17%
1 Year: 45%
Return on Equity
10 Years: %
5 Years: %
3 Years: 8%
Last Year: 7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 6 6 6 6 6 6
Reserves 297 455 854 730 894 1,077
29 38 53 75 79 92
50 61 82 70 97 107
Total Liabilities 381 561 995 881 1,076 1,282
91 119 152 238 281 273
CWIP 35 30 69 29 30 50
Investments 105 194 551 366 492 676
149 218 222 248 274 283
Total Assets 381 561 995 881 1,076 1,282

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
48 58 29 62 78
-39 -20 -63 -55 -51
-16 13 -7 -2 -18
Net Cash Flow -7 51 -40 5 10

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 47 52 29 29 38
Inventory Days 93 93 93 113 109
Days Payable 80 91 52 53 69
Cash Conversion Cycle 59 54 71 89 79
Working Capital Days 87 95 87 87 90
ROCE % 18% 11% 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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Documents

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Credit ratings