Is Ultramarine & Pigments a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Ultramarine & Pigments Ltd is a good quality company .

Is Ultramarine & Pigments undervalued or overvalued?

The key valuation ratios of Ultramarine & Pigments Ltd's currently when compared to its past seem to suggest it is in the Fair zone .

What is Ultramarine & Pigments share price return in the past 10 years?

Ultramarine & Pigments Ltd share price has appreciated 20.3% annually (CAGR) over the past ten years.

Is Ultramarine & Pigments a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Ultramarine & Pigments Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

What is the P/E ratio of Ultramarine & Pigments?

The latest standalone P/E ratio of Ultramarine & Pigments as of 18-Nov-2024 is 25.92.

What is the P/B ratio of Ultramarine & Pigments?

The latest standalone P/B ratio of Ultramarine & Pigments as of 18-Nov-2024 is 1.36.

What is the 52-week high and low of Ultramarine & Pigments?

The 52-week high of Ultramarine & Pigments is Rs. 576.00 and the 52-week low is Rs. 328.20.

Ultramarine & Pigments Ltd - Stock Valuation and Financial Performance

Name: Ultramarine & Pigments
Brand: Ultramarine & Pigments

BSE: 506685 | NSE: ULTRMARINE | Chemicals | Small Cap

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Ultramar & Pigments Share Price

₹502.35 -20.35 -3.89%
as on 18-Nov'24 16:59

10 Year X-Ray of Ultramar & Pigments:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	28.9%	36.8%	22.8%	15.6%	18.1%	22.4%	18.7%	11.7%	10.9%	8.9%	-
Value Creation Index ⓘ	1.1	1.6	0.6	0.1	0.3	0.6	0.3	-0.2	-0.2	-0.4	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	172	220	255	277	307	306	308	491	541	526	571
Sales YoY Gr.	-	27.9%	16%	8.6%	10.6%	-0.2%	0.7%	59.3%	10.3%	-2.9%	-
Adj EPS ⓘ	6.4	9.3	11	14.3	17.6	20.6	19	19.9	22.4	18.2	19.4
YoY Gr.	-	45.9%	18.2%	29.3%	23.6%	16.6%	-7.6%	4.7%	12.8%	-18.9%	-
BVPS (₹) ⓘ	34.1	39.2	107.4	175	131.8	103.6	157.9	294.4	251	305.9	368.3
Adj Net Profit ⓘ	18.7	27.3	32.2	41.7	51.5	60	55.5	58.1	65.5	53.1	57
Cash Flow from Ops. ⓘ	23.3	27.5	30.4	54.9	30.3	47.6	57.1	36.7	71.3	66.9	-
Debt/CF from Ops. ⓘ	0	0	0	0	0	0.4	0.6	1	0.5	0.5	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	13.2%	11.4%	19.5%	-2.9%
Adj EPS ⓘ	12.3%	0.6%	-1.4%	-18.9%
BVPSⓘ	27.6%	18.3%	24.7%	21.9%
Share Price	20.3%	22.2%	9.1%	27.6%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	19.5	25.5	15.1	10.1	11.5	17.5	14.5	8.8	8.2	6.5	5.8
Op. Profit Mgn % ⓘ	17.1	17.1	19.7	21.8	23.5	25	24.8	17.2	17.2	15.3	14.6
Net Profit Mgn % ⓘ	10.9	12.4	12.6	15	16.8	19.6	18	11.8	12.1	10.1	9.9
Debt to Equity ⓘ	0	0	0	0	0	0.1	0.1	0	0.1	0	0
Working Cap Days ⓘ	150	113	118	152	173	175	226	197	190	208	81
Cash Conv. Cycle ⓘ	57	38	32	25	26	39	40	38	47	51	57

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 19.47%

Return on Equity has declined versus last 3 years average to 5.70%

Net Profit has been subdued in last 3 years -1.41%

Sales growth is not so good in last 4 quarters at 9.93%

Latest Financials - Ultramarine & Pigments Ltd.

	Standalone	Consolidated
TTM EPS (₹)	19.4	20.2
TTM Sales (₹ Cr.)	571	605
BVPS (₹.) ⓘ	368.3	370.9
Reserves (₹ Cr.) ⓘ	1,069	1,077
P/BV ⓘ	1.36	1.35
PE ⓘ	25.92	24.87

From the Market
52 Week Low / High (₹)	328.20 / 576.00
All Time Low / High (₹)	4.76 / 576.00
Market Cap (₹ Cr.)	1,467
Equity (₹ Cr.)	5.8
Face Value (₹)	2
Industry PE ⓘ	55.9

Management X-Ray of Ultramar & Pigments:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Ultramar & Pigments

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Ultramar & Pigments

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	172	220	255	277	307	306	308	491	541	526
Operating Expenses ⓘ	143	183	205	217	236	230	232	407	449	446
Manufacturing Costs	22	21	26	26	29	28	26	41	62	55
Material Costs	73	107	127	135	141	133	145	282	287	295
Employee Cost	29	32	31	35	42	46	39	47	54	57
Other Costs ⓘ	19	23	21	21	25	23	23	37	45	38
Operating Profit ⓘ	29	38	50	61	71	76	76	84	93	80
Operating Profit Margin (%)	17.1%	17.1%	19.7%	21.8%	23.0%	25.0%	24.6%	17.1%	17.1%	15.2%
Other Income ⓘ	2	5	3	9	10	12	10	9	12	12
Interest ⓘ	0	0	1	1	1	2	2	4	4	4
Depreciation ⓘ	3	3	4	5	6	9	9	12	14	16
Exceptional Items ⓘ	0	0	0	0	6	0	0	0	0	0
Profit Before Tax ⓘ	28	39	48	63	80	78	75	78	88	71
Tax ⓘ	9	12	16	20	24	16	19	19	21	17
Profit After Tax	19	27	32	44	56	62	56	58	66	54
PAT Margin (%)	10.9%	12.4%	12.7%	15.7%	18.4%	20.3%	18.1%	11.9%	12.3%	10.2%
Adjusted EPS (₹)	6.4	9.4	11.1	15.0	19.3	21.2	19.1	20.0	22.8	18.4
Dividend Payout Ratio (%)	47%	37%	36%	28%	23%	24%	26%	25%	22%	27%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	99	115	314	511	385	302	461	860	733	893
Share Capital ⓘ	6	6	6	6	6	6	6	6	6	6
Reserves ⓘ	94	109	308	505	379	297	455	854	727	887
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	0	0	0	0	0	20	35	30	31	27
Long Term Debt	0	0	0	0	0	20	35	30	31	27
Short Term Debt	0	0	0	0	0	0	0	0	0	0
Trade Payables	11	17	25	29	22	29	36	39	40	53
Others Liabilities ⓘ	36	22	53	73	99	29	126	129	119	144
Total Liabilities ⓘ	146	153	392	612	505	381	658	1,058	924	1,117
Fixed Assets
Gross Block	101	119	64	79	93	114	147	182	209	249
Accumulated Depreciation	63	66	4	9	14	23	28	40	52	64
Net Fixed Assetsⓘ	38	52	60	70	79	91	119	142	157	185
CWIP ⓘ	2	2	0	1	2	35	23	15	21	2
Investmentsⓘ	13	15	207	400	232	105	194	595	425	576
Inventories	20	21	25	25	27	34	37	71	80	80
Trade Receivables	22	27	34	26	33	39	44	39	42	56
Cash Equivalents	16	12	15	15	28	20	70	29	34	43
Others Assetsⓘ	34	24	49	76	104	56	172	166	165	174
Total Assets ⓘ	146	153	392	612	505	381	658	1,058	924	1,117

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	23	28	30	55	30	48	57	37	71	67
PBT ⓘ	28	39	48	63	80	78	75	78	88	71
Adjustment ⓘ	3	0	2	-3	-9	-1	3	7	11	11
Changes in Working Capital ⓘ	0	-2	-7	14	-15	-11	-3	-30	-6	2
Tax Paid ⓘ	-8	-10	-14	-19	-26	-19	-18	-18	-21	-17
Cash Flow From Investing Activity ⓘ	-8	-9	-27	-41	-2	-39	-20	-60	-49	-35
Capex	-2	-18	-10	-22	-7	-42	-32	-27	-29	-26
Net Investments	0	-1	-19	-24	0	-3	19	-3	-2	5
Others ⓘ	-6	10	2	5	5	7	-7	-30	-18	-13
Cash Flow From Financing Activityⓘ	-11	-23	0	-15	-15	-16	13	-18	-17	-23
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-2	0	0	0	0	20	15	1	2	-4
Interest Paid ⓘ	0	0	0	-1	0	0	-1	-3	-3	-3
Dividend Paid ⓘ	-9	-23	0	-12	-15	-33	0	-15	-15	-15
Others ⓘ	0	0	0	-2	0	-3	-1	-1	-2	-2
Net Cash Flow ⓘ	4	-5	3	-1	13	-7	50	-41	6	9

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	19.55	25.56	15.17	10.58	12.61	18.04	14.61	8.83	8.35	6.62
ROCE (%)	28.92	36.82	22.83	15.63	18.07	22.43	18.7	11.67	10.93	8.85
Asset Turnover Ratio	1.28	1.61	1.03	0.56	0.55	0.69	0.59	0.57	0.55	0.51
PAT to CFO Conversion(x)	1.21	1.04	0.94	1.25	0.54	0.77	1.02	0.64	1.08	1.24
Working Capital Days
Receivable Days	43	37	40	39	35	43	49	31	28	34
Inventory Days	38	31	30	33	31	36	42	40	51	56
Payable Days	46	47	59	72	66	70	83	49	50	58

Ultramarine & Pigments Ltd Stock News

Ultramarine & Pigments Ltd FAQs

What is the share price of Ultramar & Pigments?

Company share prices are keep on changing according to the market conditions. The closing price of Ultramar & Pigments on 18-Nov-2024 16:59 is ₹502.4.

What is the market cap of Ultramar & Pigments?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 18-Nov-2024 16:59 the market cap of Ultramar & Pigments stood at ₹1,466.9.

What is the P/E ratio of Ultramar & Pigments?

The latest P/E ratio of Ultramar & Pigments as of 18-Nov-2024 16:59 is 25.92.

What is the P/B ratio of Ultramar & Pigments?

The latest P/B ratio of Ultramar & Pigments as of 18-Nov-2024 16:59 is 1.36.

What is the 52-week high and low of Ultramar & Pigments?

The 52-week high of Ultramar & Pigments is ₹576.0 and the 52-week low is ₹328.2.

What is the TTM revenue of Ultramar & Pigments?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ultramar & Pigments is ₹570.5 ( Cr.) .

About Ultramarine & Pigments Ltd

Ultramarine & Pigments, started in 1961, is one of the largest pigment and surfactant manufacturing company of Indian origin, having two factories in south India. It specializes in the manufacture of inorganic pigments and organic surfactants with international quality standard. Today the company produces diverse range of products. Ultramarine & Pigments Ltd is equipped with an excellent infrastructural setup which includes most modern production equipments, process and quality control instruments, continuously updated technical know-how, quality management and assurance systems.

The quality assurance system ensures that every batch of products conforms to the grade specification in all aspects. Technically superior approach to analysis and measurements are constantly identified and implemented. Besides, the organization has implemented ISO 9002 Quality system management standard and ISO 14001 Environment system management standard.

Product range of the company includes:

Pigments

ULTRAMARINE BLUE is a very safe, non-hazardous blue pigment with a variety of applications worldwide. Its synthetic manufacturing process and possibility for close control over its physical, chemical, and colour characteristics enable the production of several types of this blue pigment, which are readily accepted by plastic, printing ink, paint, cosmetic and many other industries due to advantages over other organic pigments and dyes. Besides, Ultramarine blue is an environment friendly pigment available to the industry today.
ULTRAMARINE VIOLET, like Ultramarine blue, is also very safe, non-hazardous, non-toxic violet pigment with a number of applications as a violet colourant. It is used in printing inks, paints, plastics and cosmetics. Ultramarine violet is also an environment friendly pigment.
BISMUTH VANADATE YELLOW is an inorganic lead free pigment recommended in applications where high performance is required, due to its good opacity and tinting strength. Its problem free ecotoxicological behavior makes it suitable alternative to chrome and cadmium pigments.

Surfactants

LINEAR ALKYL BENZENE SULPHONIC ACID (LABSA) is produced in the most sophisticated 'Falling Film Reactor', with Italian technology. The process is automated fully with most modern computer aided process equipment to produce high quality products with consistency.
LABSA is an anionic surfactant widely used in the formulations of all ranges of domestic detergents and dishwash liquids. It is specially suited for the manufacture of all types of detergent powders and cakes. Due to its high active matter, quick miscibility with water and low salt content, it easily finds its way in to variety of liquid formulations.
ALPHA OLEFIN SULPHONATE (AOS) is produced from sulphonation of alpha olefin, a petroleum product. AOS is one of the active matters used in detergents. It is an effective emulsifier and has excellent foaming and detergency characteristics. It is superior to conventional detergent active with regard to cold water solubility, foaming and detergency in hard water. Because it is gentle on the skin it is the preferred additive in shampoos, bath soaps.

The company provides free technical service to industrial customers irrespective of the size, and the technical service department maintains close link with industry, visiting customers to understand their requirements, to provide solutions to customers who are encountering difficulties.

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