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GOLD 24K (10g)₹75,420+0.38%
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Ultramarine & Pigments Limited

Ultramarine & Pigments Limited

NSE: ULTRAMAR
Specialty ChemicalsBasic MaterialsSMALL CAPMCap ₹1.16k Cr
₹396.00₹3.30 (+0.84%)

Market Closed • NSE

Market cap₹1.16k Cr
Enterprise value₹1.14k Cr
P/E TTM12.54
P/B1.33
EPS TTM₹31.58
ROCE10.80%
D/E9.89
Dividend yield0.02%
Face value₹2.00
52W high₹455.75
52W low₹364.10
Price chart(1Y)
1Y Return:+5.76% (+₹21.55)
H: ₹455.75L: ₹364.1
1W-0.28%
1M-4.00%
3M+2.63%
Today at a glance

Day range

₹389.00₹401.35

52 week range

₹364.10₹455.75
Volume34.4K0.26x 20D avg
Free float50.00%-73.90% volume

Ultramarine & Pigments Limited closed at INR396.00 (+0.84%) on volume 0.26x its 20-day average, trading 13.11% below its 52-week high.

Technical analysis
RSI (14)40.4Neutral (30–70)
MACDBEARISHBearish (Below signal)
ATR (14)₹13.04High
SMA 20₹411.21BEARISH
SMA 50₹414.79BEARISH
SMA 100₹398.75BEARISH
SMA 200—N/A
CPR bottom₹392.85
Pivot₹392.80
CPR top₹392.75
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved +128.6% QoQ

2026-07-14

DIVIDEND Announced

Dividend - Rs 6 Per Share

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
PASS4/4 criteria
Shariah Compliant
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹86.0 Cr₹1.16k Cr7.44%≤ 33%PASS
Non-halal income ratio₹7.3 Cr₹772.2 Cr0.94%≤ 5%PASS
Illiquid assets ratio₹1.09k Cr₹1.09k Cr99.20%≥ 20%PASS
Receivables ratio–₹1.09k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E12.5421.90
Forward P/E——
P/B1.332.20
EV/EBITDA—18.00
PEG—1.00
Earnings yield8.004.60
Growth & profitability
RevenuePAT
FY24PAT margin 10.30%
FY25PAT margin 10.80%
FY26PAT margin 10.50%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+3.60%
Revenue CAGR 5Y+6.70%
PAT CAGR 3Y+2.50%
PAT CAGR 5Y+7.00%
Operating margin15.89%
Net margin11.10%
Financial health & cash flow
Net debt₹77.3 CrModerate
Interest coverage16.10xEBIT / interest
CFO / PAT1.46x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹128.3 Cr
Capital expenditure–
Free cash flow₹60.4 Cr
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall78/100
Valuation75/100
Profitability65/100
Financial health95/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Low Debt Profile: Debt-to-Equity is comfortable at 0.10x

High Cash Flow Conversion: CFO/PAT averaged 1.46x over last 3 years

Attractive Valuation: P/E of 12.5x trades below sector historical averages

Risks

Subject to cyclical raw material and macro industry pressures

Bull case

Market Leadership: Established operational scale in Specialty Chemicals.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2025

Ownership distribution

Dec 2025Latest holding

Category trends

Hover over a period for exact holdings

60%40%20%0%Sept 2024Dec 2024Jun 2025Sept 2025Dec 2025
1.92%Institutional holding
57.59%Public holding
5Periods available
0.00%Promoter pledged
18.69KShareholders
Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
14 Jul 2026Dividend₹6.00 / share—14 Jul 2026
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)62.45%-21.70% latest vs average
Highest delivery79.52%on 08 Oct
Average volume (20D)131.6KTrading-session average
Conviction trendWeakening-21.70% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
UltraTech Cement Limited
UltraTech Cement LimitedULTRACEMCO
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JSW Steel Limited
JSW Steel LimitedJSWSTEEL
Open analysis
₹2.97L12.050.59%₹47,364.00₹4,651.00+11.55%+112.96%
Hindustan Zinc Limited
Hindustan Zinc LimitedHINDZINC
Open analysis
₹2.28L13.372.07%₹13,687.00₹5,425.00+77.22%+146.14%
Asian Paints Limited
Asian Paints LimitedASIANPAINT
Open analysis
₹2.24L46.941.17%₹10,541.94₹1,539.25+17.94%+39.96%
Tata Steel Limited
Tata Steel LimitedTATASTEEL
Open analysis
₹2.19L19.832.27%₹60,794.00₹2,385.00+14.32%+18.83%
Hindalco Industries Limited
Hindalco Industries LimitedHINDALCO
Open analysis
₹2.02L12.320.56%₹84,825.00₹7,013.00+32.06%+75.15%
Grasim Industries Limited
Grasim Industries LimitedGRASIM
Open analysis
₹1.98L34.820.35%₹11,794.71₹246.65-70.60%-82.61%
Solar Industries India Limited
Solar Industries India LimitedSOLARINDS
Open analysis
₹1.81L90.930.06%₹3,668.00₹666.00+70.29%+88.67%
About Ultramarine & Pigments Limited
Ultramarine & Pigments Limited

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.

IndiaBasic Materials

Questions investors ask
Is Ultramarine & Pigments Limited Shariah compliant?

Ultramarine & Pigments Limited is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (7.44%) complies with AAOIFI threshold (≤ 33%).

What is Ultramarine & Pigments Limited's current valuation relative to peers?

Ultramarine & Pigments Limited trades at a P/E of 12.5x compared to the sector median of 21.9x, and a Price-to-Book of 1.3x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 0.10x. Interest coverage is 16.1x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at 6.7% while net profit growth averaged 7%.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.