---
title: "Ducol Organics & Colours Ltd (DUCOL) — Share Price, Financials & Analysis"
symbol: "DUCOL"
company: "Ducol Organics & Colours Ltd"
canonical: "https://tapetide.com/stocks/DUCOL"
isin: "INE0LZO01015"
nse_symbol: "DUCOL"
sector: "Chemicals"
industry: "Dyes & Pigments"
market_cap_cr: 230.61
generated_at: "2026-09-13T19:15:09.313Z"
---

# Ducol Organics & Colours Ltd (DUCOL)

Canonical page: https://tapetide.com/stocks/DUCOL

## Company

- **NSE Symbol:** DUCOL
- **ISIN:** INE0LZO01015
- **Sector:** Chemicals
- **Industry:** Dyes & Pigments
- **Macro Sector:** Commodities
- **Stock Type:** EQUITY
- **Listed Since:** 2023-01-19
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** ducol.com

## About

Incorporated in 1924, Ducol Organics 
& Colours Ltd offers a range of pigment dispersions for various industries[1]

## Latest Price

- **Price:** ₹127.65
- **Change:** +1.1 (+0.87%)
- **Open:** ₹127.7
- **Day High:** ₹128
- **Day Low:** ₹127
- **Previous Close:** ₹126.55
- **Volume:** 7200
- **As Of:** 2026-09-11T10:01:43+00:00

## Key Fundamentals

Observed at 2026-09-11T04:40:28.584660Z.

- **Market Cap:** ₹230.61 Cr
- **Classification:** SME
- **P/E (reported):** 31.6
- **Book Value:** ₹61.65
- **Price to Book:** 2.05
- **Dividend Yield:** 0.4%
- **ROE:** 5.12%
- **ROCE:** 8.69%
- **Debt to Equity:** 0.44
- **Revenue (yearly):** ₹83.96 Cr
- **Net Income:** ₹3.11 Cr
- **EBITDA:** ₹9.84 Cr
- **52-Week High:** ₹209.5
- **52-Week Low:** ₹90
- **RSI (14):** 69.43

## Tapetide Score

- **Score:** 43 / 100
- **Score date:** 2026-09-04
- **Percentile:** 22.3 (of 4473 scored stocks)
- **Confidence:** 75%
- **Data coverage:** 67%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 42.66 | 11.54% |
| growth | 97.22 | 11.54% |
| momentum | 34.19 | 15.38% |
| ownership | 37.89 | 30.77% |
| valuation | 31.98 | 30.77% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -5.13%

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | 52.17% | 246.08% | 93.23% |
| ebitda margin growth | -14.04% | -16.91% | 9.99% |
| net income growth | -32.39% | -35.21% | -11.14% |
| revenue growth | 3.91% | 1.88% | 0.18% |
| roce | -23.37% | -44.93% | 15.47% |
| roe | -31.46% | 7.63% | -69.25% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Sales | 39 | 39 | 65 | 72 |
| Expenses | 34 | 36 | 59 | 63 |
| Operating Profit | 4 | 3 | 5 | 9 |
| OPM % | 11 | 7 | 8 | 12 |
| Other Income | 1 | 2 | 2 | 1 |
| Interest | 1 | 1 | 2 | 2 |
| Depreciation | 1 | 1 | 2 | 2 |
| Profit before tax | 3 | 3 | 3 | 6 |
| Tax % | 22 | 30 | 8 | 25 |
| Net Profit | 3 | 2 | 3 | 4 |
| EPS in Rs | 1.73 | 1.29 | 1.73 | 2.72 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2025 | Mar 2026 |
| --- | --- | --- |
| Sales | 77 | 136 |
| Expenses | 70 | 122 |
| Operating Profit | 7 | 14 |
| OPM % | 9 | 10 |
| Other Income | 3 | 2 |
| Interest | 2 | 4 |
| Depreciation | 3 | 3 |
| Profit before tax | 6 | 9 |
| Tax % | 25 | 19 |
| Net Profit | 5 | 7 |
| EPS in Rs | 2.84 | 4.45 |
| Dividend Payout % | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2025 | Mar 2026 |
| --- | --- | --- |
| Equity Capital | 16 | 16 |
| Reserves | 74 | 81 |
| Borrowings | 28 | 43 |
| Other Liabilities | 17 | 30 |
| Total Liabilities | 136 | 170 |
| Fixed Assets | 19 | 54 |
| CWIP | 23 | 27 |
| Investments | 4 | 5 |
| Other Assets | 90 | 83 |
| Total Assets | 136 | 170 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2025 | Mar 2026 |
| --- | --- | --- |
| Cash from Operating Activity | 19 | -9 |
| Cash from Investing Activity | 13 | -40 |
| Cash from Financing Activity | 14 | 19 |
| Net Cash Flow | 45 | -30 |
| Free Cash Flow | 9 | -51 |
| CFO/OP | 275 | -48 |

### Ratios

| Item | Mar 2025 | Mar 2026 |
| --- | --- | --- |
| Debtor Days | 57 | 74 |
| Inventory Days | 139 | 110 |
| Days Payable | 93 | 97 |
| Cash Conversion Cycle | 103 | 87 |
| Working Capital Days | -40 | 30 |
| ROCE % | — | 10 |

## Shareholding Pattern

### Quarterly

| Category | Dec 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 79.46% | 57.38% | 57.38% | 57.38% | 57.38% | 51.33% | 51.33% | 51.33% | 51.33% | 46.2% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.06% | 0.06% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 0% | 36.12% | 35.44% | 35.92% | 33.86% | 39.56% | 39.01% | 39.49% | 40.15% | 46.09% |
| Others | 20.54% | 6.49% | 7.17% | 6.7% | 8.75% | 9.11% | 9.66% | 9.18% | 8.45% | 7.65% |
| No. of Shareholders | 91 | 720 | 762 | 1031 | 1121 | 1054 | 1001 | 879 | 925 | 933 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 11 / 3 / 5

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 116.13 | Buy |
| EMA (10) | 117.63 | Buy |
| SMA (20) | 111.23 | Buy |
| EMA (20) | 113.78 | Buy |
| SMA (50) | 109.14 | Buy |
| EMA (50) | 111.41 | Buy |
| SMA (100) | 111.61 | Buy |
| EMA (100) | 114.99 | Buy |
| SMA (200) | 133.15 | Sell |
| EMA (200) | 122.16 | Buy |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 70.25 | Sell |
| MACD (12,26,9) | 3.87 | Buy |
| Stochastic (14,3,3) | 90.32 | Sell |
| ADX (14) | 19.03 | Neutral |
| Williams %R (14) | -4.48 | Sell |
| ATR (14) | 5.32 | High Volatility |
| ROC (12) | 19.63 | Buy |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 61.91 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 Jul - Exchange had sought clarification from Ducol Organics And Colours Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (LODR) Regulations, … | [Reply to Clarification- Financial results 9 Jul - Exchange had sought clarification from Ducol Organics And Colours Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (LODR) Regulations, …](https://nsearchives.nseindia.com/corporate/DUCOL_25062026211127_DucolReply240626Signed.pdf) |
| 7 April 2026 - Regulation 74(5) certificate for quarter ended 31 March 2026 confirms no rematerialisation or dematerialisation requests. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 7 April 2026 - Regulation 74(5) certificate for quarter ended 31 March 2026 confirms no rematerialisation or dematerialisation requests.](https://nsearchives.nseindia.com/corporate/DUCOL_07042026113725_CertifcateunderReg74_5_.pdf) |
| 6 June 2026 - Shareholders approved issuance of up to 17,64,697 equity shares for XPIPL share-swap acquisition. | [Shareholders meeting 6 June 2026 - Shareholders approved issuance of up to 17,64,697 equity shares for XPIPL share-swap acquisition.](https://nsearchives.nseindia.com/corporate/DUCOL_06062026120721_Ducol_EGMVotingresultsscrutiniserreport_signed.pdf) |
| 6 April 2026 - Ducol Organics And Colours Limited has informed regarding ''. Disclosure under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeover) Regulation, 2011" | [Updates 6 April 2026 - Ducol Organics And Colours Limited has informed regarding ''. Disclosure under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeover) Regulation, 2011"](https://nsearchives.nseindia.com/corporate/DUCOL_06042026162217_DisclosureUnderReg31_4_PromoterandPromoterGroupWithout_PANsigned.pdf) |
| 5 June 2026 - No substantive announcement content; only digital signature information. | [Shareholders meeting 5 June 2026 - No substantive announcement content; only digital signature information.](https://nsearchives.nseindia.com/corporate/DUCOL_05062026161448_ProceedingsofEGM05062026Signed.pdf) |
| 29 May 2026 - Limited review report for H1 FY26; standalone and consolidated results unmodified, subsidiary revenue Rs. 2,333.44 lakh. | [Reply to Clarification- Financial results 29 May 2026 - Limited review report for H1 FY26; standalone and consolidated results unmodified, subsidiary revenue Rs. 2,333.44 lakh.](https://nsearchives.nseindia.com/corporate/DUCOL_22012026145655_RevisedDucolOutcomeHalfYearlyresultsSept2025signed.pdf) |
| 28 Aug - 32nd AGM on 17 September 2026; e-voting information and book closure announced. | [Copy of Newspaper Publication 28 Aug - 32nd AGM on 17 September 2026; e-voting information and book closure announced.](https://nsearchives.nseindia.com/corporate/DUCOL_28082026115425_DUCOL_NEWSPAPER_PUBLICATION_32_AGM_NOTICE_2026.pdf) |
| 27 Aug - FY26 annual report, AGM on Sept 17, 2026, and appointment of Priyanka Dharmesh Pandey as independent director. | [Shareholders meeting 27 Aug - FY26 annual report, AGM on Sept 17, 2026, and appointment of Priyanka Dharmesh Pandey as independent director.](https://nsearchives.nseindia.com/corporate/DUCOL_27082026233423_Ducol_Annual_Report_2026.pdf) |
| 26 March 2026 - Ducol to acquire 100% of XCHEM Polymers for ₹75 crore; initial ₹38 crore upfront, balance ₹37 crore via cash/share swap. | [Press Release 26 March 2026 - Ducol to acquire 100% of XCHEM Polymers for ₹75 crore; initial ₹38 crore upfront, balance ₹37 crore via cash/share swap.](https://nsearchives.nseindia.com/corporate/DUCOL_26032026233010_Ducol_-_MR_for_signing_SPA_with_XCHEM_Polymer_signed.pdf) |
| 26 March 2026 - Ducol to acquire 100% of XCHEM Polymers for ₹75 crore; ₹38 crore initial payment, balance via cash/share swap. | [Press Release 26 March 2026 - Ducol to acquire 100% of XCHEM Polymers for ₹75 crore; ₹38 crore initial payment, balance via cash/share swap.](https://nsearchives.nseindia.com/corporate/DUCOL_26032026233406_Ducol_-_MR_for_signing_SPA_with_XCHEM_Polymer_signed.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://nsearchives.nseindia.com/corporate/DUCOL_14112025113638_DucolH1FY26InvestorPresentation.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://nsearchives.nseindia.com/corporate/DUCOL_12112024142014_InvestorPresentation12112024.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://nsearchives.nseindia.com/corporate/DUCOL_10112023114309_InvestorPresentation10112023.pdf) |
| May 2024 | [Concall - May 2024](https://nsearchives.nseindia.com/corporate/DUCOL_21052024175203_InvestorPresentation21052024.pdf) |
| Jul 2023 | [Concall - Jul 2023](https://archives.nseindia.com/corporate/DUCOL_21072023160036_InvestorPresentation21072023.pdf) |
| Aug 2025 | [Concall - Aug 2025](https://nsearchives.nseindia.com/corporate/DUCOL_06082025140503_DUCOLInvestorPresentation06082025.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_29124_DUCOL_2024_2025_A_2241103_18092025161519.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_25004_DUCOL_2023_2024_19082024171038.pdf) |
| from nse | [Annual Report 2023 from nse](https://archives.nseindia.com/annual_reports/SME_AR_23061_DUCOL_2022_2023_29082023170149_08292023180001.zip) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:15:09.313Z.