ULTRAMARINE & PIGMENTS
- Market cap
- ₹ 1,068 Cr.
- P/E
- 11.6x
- P/B
- 1.25x
- 52-week range
- 356.85 – 455.75
- ROE
- 8%
- ROCE
- 10%
- Dividend yield
- 1.6%
- Debt / equity
- 0.1
- Sector
- Chemicals & Petrochemicals
- Industry
- Dyes And Pigments
- Listed on
- NSE, BSE
About
Ultramarine & Pigments Limited is an India-based manufacturer of inorganic pigments and surfactants. The Company is engaged in manufacturing and selling of pigments, surfactants, and information technology (IT)-enabled services. The Company caters to both domestic and international markets. Its segments include Chemicals and Allied Products, IT Enabled Services and Windmill. The Company manufactures a variety of inorganic pigments such as ultramarine blues (Pigment Blue 29), ultramarine violets (Pigment Violet 15), bismuth vanadate (Pigment Yellow 184), and various mixed metal oxides. It manufactures pigments that can be used safely across a variety of end-uses, including paints, plastics, inks, laundry, and cosmetics. It produces a variety of surfactants in various concentrations and forms, including alpha olefin sulfonates and lauryl ether sulfates. Its specialty chemicals include Medium Chain Triglyceride MCT, Ultrawet CAPB, Ultrawet CMEA, and Ultrawet CDEA.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Dyes And Pigments: 19 companies →ULTRAMARINE & PIGMENTS against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)11.6 against a typical 15.3: cheaper than most peers (1st = cheapest).7th of 19
- Sales growth+29.6% against a typical +29.6% from a year earlier.9th of 17
- Profit growth+64.7% against a typical +93.6% from a year earlier.9th of 14
- Share price, 3 months−2.3% against a typical +7.4%.15th of 19
- Size₹ 1,067.9 Cr. market value against a typical ₹ 252 Cr. (1st = largest).5th of 16
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Adequate safety
Rated A+ by ICRA- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| ICRA | [ICRA]A+ | Stable | 7 Oct 2025 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 7 Oct 2025 | Reaffirmed | [ICRA]A+ | — | ICRA | ₹ 37.6 Cr. |
Fund raises
QIPs, preferential issues, warrants and rights issues, one row per filing, newest first. Open a row for details. All fund raise updates
| Stage | Details | |||||
|---|---|---|---|---|---|---|
| 29 Oct 2025 | Preferential issue | Board approved | ₹ 45 Cr. | — | — |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 137 | 140 | 126 | 152 | 154 | 164 | 182 | 169 | 181 | 178 | 180 | 219 |
| Expenses | 117 | 120 | 109 | 128 | 130 | 134 | 158 | 144 | 155 | 151 | 159 | 181 |
| Operating Profit | 20 | 20 | 16 | 23 | 24 | 29 | 24 | 25 | 26 | 27 | 21 | 38 |
| OPM % | 15% | 14% | 13% | 15% | 16% | 18% | 13% | 15% | 14% | 15% | 12% | 17% |
| Other Income | 5 | 2 | 2 | 3 | 5 | 2 | 2 | 3 | 5 | 8 | 1 | 6 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 |
| Depreciation | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 5 | 5 | 5 | 5 |
| Profit before tax | 20 | 17 | 13 | 21 | 24 | 27 | 22 | 22 | 26 | 29 | 16 | 38 |
| Tax % | 22% | 26% | 24% | 25% | 23% | 26% | 27% | 25% | 23% | 21% | 24% | 26% |
| Net Profit | 16 | 12 | 10 | 16 | 18 | 20 | 16 | 17 | 20 | 23 | 12 | 28 |
| EPS in Rs | 5.42 | 4.22 | 3.5 | 5.43 | 6.23 | 6.76 | 5.43 | 5.7 | 6.85 | 7.99 | 4.24 | 9.58 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 12%
- 5 Years
- 18%
- 3 Years
- 9%
- TTM
- 13%
- 10 Years
- 10%
- 5 Years
- 5%
- 3 Years
- 1%
- TTM
- 16%
- 10 Years
- 12%
- 5 Years
- 2%
- 3 Years
- 0%
- TTM
- —
- 10 Years
- 9%
- 5 Years
- 8%
- 3 Years
- 7%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| ULTRAMARINE & PIGMENTS | ₹ 365.00 | ₹ 1,068 Cr. | 11.6x | 1.3x | 8% | — |
| Asian Paints | ₹ 2,305.00 | ₹ 2,21,095 Cr. | 58.1x | 12.1x | 21.2% | 12.4% |
| Solar Industries India | ₹ 18,320.00 | ₹ 1,65,778 Cr. | 99.6x | 26.6x | 31.4% | 17.7% |
| Pidilite Industries | ₹ 1,514.00 | ₹ 1,54,107 Cr. | 64.8x | 14.7x | 23.8% | 16.9% |
| SRF | ₹ 2,309.00 | ₹ 68,444 Cr. | 44.6x | 6.1x | 13.8% | 11.6% |
| Linde India | ₹ 5,697.00 | ₹ 48,586 Cr. | 110.5x | 14.2x | 13.6% | 21.7% |
Management
- S. Ramanan
- Chief Financial Officer
- Tara R. Parthasaraty
- Joint Managing Director
- Kishore Kumar Sahoo
- Company Secretary
Prices are delayed and for information only. Nothing on this page is investment advice.