Ultramarine & Pigments Ltd.

About

Ultramarine & Pigments Limited engages in the manufacture and sale of pigments and surfactants in India. It operates through Chemicals and Allied Products, IT Enabled Services, and Wind Turbine Generator segments. The company offers pigments, such as ultramarine blue, violet, and pink; and bismuth vanadate; surfactants that include alpha olefin sulphonate, linear alkyl benzene, sulphonic acid LABSA, sodium lauryl, and sulphate; and specialty chemical, including medium chain triglyceride, benzalkonium chloride, CoCo amido propyl betaine, CoCo mono ethanol amide, CoCo diethanolamide, CoCo amide propy amine oxide, disodium laureth, sulfosuccinate, and lauryl amine oxide. It also provides various grades of detergent powders, liquid detergents and dishwash bars, dishwashing liquid and bars, and scouring powders, dry mix detergents, floor cleaners, dishwash liquid, detergent, wash liquid, floor cleaner liquid, fabric conditioner, and copper and brass cleaning powder. Additionally, the company owns and operates seven wind turbine generators with a capacity of 5 MW in Tamil Nadu. The company also exports its products. Ultramarine & Pigments Limited was incorporated in 1960 and is based in Mumbai, India.

Key Metrics

as of Sep 2026

Market Cap1,277 Cr

P/E14.20

Div Yield1.37 %

Book Value₹298.00

52w High₹499.00

52w Low₹364.00

Face Value₹2.00

Quarterly Results

Rs. Crores · hover row for definition

Metric	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023
Sales	240.00	199.00	196.00	196.00	184.00	195.00	179.00	161.00	161.00	136.00	148.00	146.00	131.00
Expenses	194.00	173.00	161.00	164.00	153.00	166.00	142.00	134.00	134.00	116.00	125.00	122.00	104.00
Operating Profit	45.00	26.00	34.00	32.00	32.00	28.00	36.00	27.00	26.00	20.00	23.00	24.00	27.00
OPM %	19.00	13.00	18.00	16.00	17.00	15.00	20.00	17.00	16.00	15.00	16.00	17.00	21.00
Other Income	6.00	1.00	8.00	2.00	3.00	3.00	2.00	4.00	3.00	2.00	2.00	5.00	2.00
Depreciation	7.00	7.00	7.00	7.00	6.00	7.00	6.00	6.00	6.00	6.00	6.00	5.00	5.00
Interest	1.00	2.00	1.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00
Profit before tax	42.00	18.00	34.00	26.00	27.00	23.00	30.00	24.00	22.00	14.00	17.00	22.00	22.00
Tax %	25.00	23.00	20.00	25.00	24.00	26.00	25.00	23.00	25.00	24.00	25.00	21.00	25.00
Net Profit	32.00	14.00	27.00	19.00	20.00	17.00	23.00	19.00	17.00	11.00	13.00	17.00	17.00
EPS in Rs	10.82	4.85	9.28	6.63	6.91	5.83	7.83	6.38	5.66	3.72	4.43	5.91	5.66

Profit & Loss

Annual · Rs. Crores

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Sales	775.00	695.00	561.00	557.00	490.00	308.00	306.00
Expenses	649.00	576.00	466.00	455.00	406.00	232.00	230.00
Operating Profit	126.00	119.00	95.00	102.00	84.00	76.00	77.00
OPM %	16.00	17.00	17.00	18.00	17.00	25.00	25.00
Other Income	13.00	12.00	10.00	11.00	9.00	9.00	11.00
Interest	7.00	7.00	7.00	5.00	4.00	2.00	2.00
Depreciation	27.00	24.00	22.00	17.00	12.00	9.00	9.00
Profit before tax	105.00	100.00	76.00	91.00	78.00	75.00	78.00
Tax %	23.00	25.00	24.00	24.00	25.00	26.00	20.00
Net Profit	81.00	75.00	58.00	69.00	58.00	56.00	62.00
EPS in Rs	27.66	25.70	19.73	23.70	19.97	19.11	21.24
Dividend Payout %	22.00	23.00	25.00	21.00	25.00	26.00	24.00

Balance Sheet

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Equity Capital	6.00	6.00	6.00	6.00	6.00	6.00	6.00
Reserves	864.00	967.00	894.00	730.00	854.00	455.00	297.00
Borrowings	86.00	94.00	79.00	75.00	53.00	38.00	29.00
Other Liabilities	138.00	106.00	97.00	70.00	82.00	61.00	50.00
Total Liabilities	1,094.00	1,173.00	1,076.00	881.00	995.00	561.00	381.00
Fixed Assets	373.00	334.00	281.00	238.00	152.00	119.00	91.00
CWIP	30.00	26.00	30.00	29.00	69.00	30.00	35.00
Investments	376.00	513.00	492.00	366.00	551.00	194.00	105.00
Other Assets	315.00	299.00	274.00	248.00	222.00	218.00	149.00
Total Assets	1,094.00	1,173.00	1,076.00	881.00	995.00	561.00	381.00

Cash Flows

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Cash from Operating Activity	128.00	90.00	78.00	62.00	29.00	58.00	48.00
Cash from Investing Activity	-148.00	-42.00	-51.00	-55.00	-63.00	-20.00	-39.00
Cash from Financing Activity	-31.00	-33.00	-18.00	-2.00	-7.00	13.00	-16.00
Net Cash Flow	-51.00	15.00	10.00	5.00	-40.00	51.00	-7.00
Free Cash Flow	62.00	37.00	15.00	1.00	-40.00	15.00	6.00
CFO/OP %	118.00	94.00	100.00	81.00	56.00	100.00	87.00

Ratios

Annual · Days / % — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Debtor Days	38.00	42.00	38.00	29.00	29.00	52.00	47.00
Inventory Days	88.00	83.00	109.00	113.00	93.00	93.00	93.00
Days Payable	69.00	49.00	69.00	53.00	52.00	91.00	80.00
Cash Conversion Cycle	56.00	76.00	79.00	89.00	71.00	54.00	59.00
Working Capital Days	43.00	61.00	79.00	79.00	82.00	92.00	85.00
ROCE %	11.00	10.00	9.00	11.00	11.00	18.00	—

Shareholding Pattern

% holding — latest first

Holder	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023
Promoters	40.49	40.50	40.45	40.50	40.50	40.62	40.86	40.86	41.04	41.04	41.07	41.68
FIIs	1.42	1.24	1.04	1.05	1.12	1.15	1.22	1.22	1.28	1.21	0.84	0.80
DIIs	0.64	0.68	1.40	1.33	1.26	0.95	0.63	0.32	0.32	0.24	0.82	0.82
Public	57.45	57.59	57.11	57.11	57.12	57.28	57.28	57.61	57.34	57.51	57.25	56.69
No. of Shareholders	18,494	18,689	19,296	19,762	18,804	18,721	18,931	19,228	19,933	21,539	22,352	22,946

Corporate Actions

23 records

Action	Ex Date	Record Date	Ratio	Amount (₹)
Dividend	14 Jul 2026	14 Jul 2026	—	6.00
Dividend	16 Jul 2025	16 Jul 2025	—	6.00
Dividend	18 Jul 2024	—	—	5.00
Dividend	14 Jul 2023	—	—	5.00
Dividend	14 Jul 2022	15 Jul 2022	—	5.00
Dividend	07 Jul 2021	08 Jul 2021	—	5.00
Dividend	23 Mar 2020	24 Mar 2020	—	5.00
Dividend	19 Jul 2019	—	—	4.50
Dividend	26 Jul 2018	—	—	4.25
Dividend	02 Aug 2017	—	—	4.00
Dividend	22 Mar 2016	23 Mar 2016	—	3.50
Dividend	29 Jul 2015	—	—	3.00
Dividend	25 Jul 2014	—	—	2.50
Dividend	27 Jun 2013	—	—	2.25
Dividend	01 Aug 2012	—	—	3.00
Dividend	22 Jul 2011	—	—	3.00
Dividend	16 Jul 2010	—	—	1.00
Dividend	16 Jul 2010	—	—	2.00
Dividend	14 Aug 2009	—	—	2.00
Dividend	11 Jul 2008	—	—	3.00
Dividend	13 Jul 2007	—	—	0.50
Bonus	10 Oct 2005	18 Oct 2005	3:5	—
Dividend	16 Aug 2001	—	—	3.00