Ultramarine & Pigments logo

Ultramarine & Pigments

ULTRAMAR NSE

Key Fundamentals

MicrocapDyes & PigmentsChemicals
Market Cap
₹1,244 Cr
Volatility
Moderate
P/E Ratio
14.95
EBITDA
₹136 Cr
Return on Equity
9.29%
Debt to Equity
0.03
Book Value
₹297.9
52W High
₹455.75
52W Low
₹364.1

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Strengths

4
  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 25.5%
  • Company's working capital requirements have reduced from 62.5 days to 46.7 days

Weaknesses

1
  • Company has a low return on equity of 7.24% over last 3 years.

Growth Rate

Revenue Growth
11.21% higher than 3Y
Net Income Growth
7.73% higher than 3Y
Cash Flow Change
42.68% lower than 3Y
ROE
20.49% higher than 3Y
ROCE
18.18% lower than 3Y
EBITDA Margin (Avg.)
-6.5% lower than 3Y

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
123
137
140
126
152
154
164
182
169
181
178
180
219
Expenses
100
117
120
109
128
130
134
158
144
155
151
159
181
Operating Profit
23
20
20
16
23
24
29
24
25
26
27
21
38
OPM %
19%
15%
14%
13%
15%
16%
18%
13%
15%
14%
15%
12%
17%
Other Income
2
5
2
2
3
5
2
2
3
5
8
1
6
Interest
1
1
1
1
1
1
1
1
1
1
1
1
0
Depreciation
4
4
4
4
4
4
4
4
4
5
5
5
5
PBT
21
20
17
13
21
24
27
22
22
26
29
16
38
Tax %
26%
22%
26%
24%
25%
23%
26%
27%
25%
23%
21%
24%
26%
Net Profit
15
16
12
10
16
18
20
16
17
20
23
12
28
EPS in Rs
5.29
5.42
4.22
3.5
5.43
6.23
6.76
5.43
5.7
6.85
7.99
4.24
9.58
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
172
220
255
277
307
306
308
491
541
526
651
707
757
Expenses
143
183
205
217
236
230
232
407
448
445
549
608
646
Operating Profit
29
38
50
61
71
77
76
84
93
80
102
99
112
OPM %
17%
17%
20%
22%
23%
25%
25%
17%
17%
15%
16%
14%
15%
Other Income
2
5
3
9
16
11
9
9
12
11
12
17
20
Interest
0
0
1
1
1
2
2
4
4
4
4
3
2
Depreciation
3
3
4
5
6
9
9
12
14
16
17
19
19
PBT
28
39
48
63
80
78
75
78
88
71
93
94
110
Tax %
32%
30%
33%
31%
30%
20%
26%
25%
24%
24%
25%
23%
Net Profit
19
27
32
44
56
62
56
58
66
54
70
72
84
EPS in Rs
6.42
9.37
11.12
14.95
19.34
21.24
19.11
19.98
22.76
18.43
23.86
24.77
28.66
Div. Payout %
47%
37%
36%
28%
23%
24%
26%
25%
22%
27%
25%
24%
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
6
6
6
6
6
6
6
6
6
6
6
6
Reserves
94
109
308
505
379
297
455
854
727
887
956
844
Borrowings
0
0
0
0
0
29
38
42
48
44
35
23
Other Liabilities
39
38
48
52
46
50
61
79
67
88
96
120
Total Liabilities
138
153
361
563
431
381
560
980
848
1,025
1,092
993
Fixed Assets
38
52
60
70
79
91
119
142
157
185
205
220
CWIP
2
2
0
1
2
35
23
15
21
2
12
20
Investments
13
15
207
400
232
105
194
595
425
576
594
464
Other Assets
86
84
94
93
118
149
225
228
246
261
281
289
Total Assets
138
153
361
563
431
381
560
980
848
1,025
1,092
993
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
23
28
30
55
30
48
57
37
71
67
69
104
Investing
-8
-9
-27
-41
-2
-39
-20
-60
-49
-34
-3
-117
Financing
-11
-23
0
-15
-15
-16
13
-18
-17
-23
-53
-31
Net Cash Flow
4
-5
3
-1
13
-8
50
-41
6
9
13
-44
Free Cash Flow
21
10
20
35
23
6
26
10
42
41
47
63
CFO/OP
105
99
88
123
78
87
99
65
99
105
90
125
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
47
44
49
34
39
47
52
29
29
39
44
38
Inventory Days
102
71
73
68
70
93
93
92
102
99
72
74
Days Payable
54
57
71
78
57
80
91
50
51
66
47
66
Cash Conversion Cycle
94
58
51
25
53
59
54
71
79
72
69
47
Working Capital Days
61
54
47
37
47
85
93
84
73
79
62
47
ROCE %
29%
37%
23%
15%
16%
22%
18%
12%
11%
9%
10%
10%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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Shareholding Pattern

DIIs0.64%Public47.90%FIIs1.42%Others9.55%Promot.40.49%As ofJun 2026

Documents

Frequently Asked Questions about Ultramarine & Pigments

What does Ultramarine & Pigments Ltd do?
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.
Where is Ultramarine & Pigments Ltd (506685) listed?
Ultramarine & Pigments Ltd trades as ULTRAMAR on the NSE and under code 506685 on the BSE.
Which sector does Ultramarine & Pigments Ltd belong to?
Ultramarine & Pigments Ltd is classified under the Chemicals sector, in the Dyes & Pigments industry.
What is the market capitalisation of Ultramarine & Pigments Ltd?
Ultramarine & Pigments Ltd has a market capitalisation of ₹1,244 Cr, which places it in the Small Cap band.
What is the PE ratio of Ultramarine & Pigments Ltd?
Ultramarine & Pigments Ltd trades at a PE ratio of 14.95, against a book value of ₹297.9 per share.
What is the 52-week high and low of Ultramarine & Pigments Ltd?
Over the last 52 weeks Ultramarine & Pigments Ltd has traded between ₹364.1 and ₹455.75.
Does Ultramarine & Pigments Ltd pay dividends?
Ultramarine & Pigments Ltd has a dividend yield of 1.38%.
What is the Return on Equity (ROE) of Ultramarine & Pigments Ltd?
Ultramarine & Pigments Ltd reported a return on equity of 9.29%. Its debt-to-equity ratio is 0.03.

Company Information

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.

Listed 2026-04-20
Face Value ₹ 2

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