Manufactures printing inks and allied products, with a manufacturing plant in Vadodara, Gujarat and a registered office in Mumbai. The board has approved shifting the registered office from Maharashtra to Gujarat, subject to shareholder approval. FY26 revenue was Rs 2,809.33 lakh, down from Rs 2,895.79 lakh the prior year, with a net loss of Rs 325.88 lakh that widened from Rs 210.23 lakh. Raw materials dominate the cost base at 73.9% of revenue, followed by other operating expenses at 27.7% and employee costs at 6.3%. Depreciation stands at 3.2% of revenue and capital expenditure at 4.5%. Equity has been largely eroded - total equity is just Rs 2.27 lakh with other equity at negative Rs 995.19 lakh - and the firm took a working capital loan of Rs 33.60 lakh from Bank of Maharashtra. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Printing inks and allied products. Small, loss-making specialty chemicals (printing inks) manufacturer
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 22 | 23 | 27 | 29 | 28 |
| EBITDA (ex other income) | 0 | 1 | 2 | (0) | (2) |
| margin % | 2.1 | 5.9 | 6.9 | (0.5) | (6.2) |
| Owners' profit | (2) | (1) | (0) | (2) | (3) |
| EPS, as reported (₹) | (2.61) | (1.24) | (0.62) | 2.11 | 3.27 |
| ROE % · ROCE % | (76.3) · (5.2) | (56.4) · 6.2 | (39.7) · 13.6 | (63.9) · (11.7) | (14355.9) · (56.7) |
| Debt / equity (x) | 4.65 | 7.11 | 9.10 | 2.35 | 447.55 |
| Cash from operations | 1 | 2 | 3 | 1 | 0 |
| Capex | (0) | (0) | (0) | (1) | (1) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6 | 3 | 6 | 7 | 6 | 6 | 10 | 11 |
| Profit before tax | (1) | (1) | (1) | (1) | (1) | (1) | (1) | (0) |
| Net profit | (1) | (1) | (1) | (1) | (1) | (1) | (1) | (0) |
| EPS (₹) | (0.91) | (0.89) | 0.78 | 0.86 | 0.60 | 0.96 | 0.85 | 0.36 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| PIDILITE INDUSTRIES LTD | 1,59,479 | 60.2 | 14.43 | 42.3 | 22.4 | 28.0 | 14.9 | 28.6 |
| SRF LTD | 73,583 | 34.0 | 5.24 | 22.7 | 13.1 | 13.1 | 13.4 | 25.2 |
| GUJARAT FLUOROCHEM LTD | 52,514 | 85.7 | 6.64 | 41.5 | 7.3 | 8.7 | 13.5 | 27.7 |
| NAVIN FLUORINE INT. LTD | 43,836 | 55.4 | 11.03 | 39.5 | 16.7 | 16.4 | 23.0 | 37.5 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 9 Sept 2026 · Corrigendum to 61st AGM Notice - No Book Closure Period Fixed | compliance | minimal | — | — |
| 8 Sept 2026 · Record date intimation revised - exchange symbol correction | corporate actions | low | — | — |
| 8 Sept 2026 · Newspaper publication of 61st AGM notice | compliance | minimal | — | — |
| 7 Sept 2026 · 61st AGM set for September 29, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 7 Sept 2026 · Organic Coatings files FY26 Annual Report and 61st AGM notice | board shareholder meetings | low | — | — |
| 4 Sept 2026 · Newspaper advertisement for 61st AGM notice (pre-dispatch) | compliance | minimal | — | — |
| 3 Sept 2026 · Newspaper notice published for 61st AGM via video conferencing | compliance | minimal | — | — |
| 29 Aug 2026 · Board clears director changes, share capital hike, CFO resigns | management changes | medium | — | — |
| 27 Aug 2026 · CFO Ajay R. Shah resigns due to personal commitments, continues as Director | management changes | high | — | — |
| 25 Aug 2026 · Board meeting on 29 Aug to consider AGM and dividend record date | corporate actions | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| AETHER INDUSTRIES LIMITED | 22,229 | 94.3 | 9.05 | 60.4 | 8.9 | 11.4 | — | 33.8 |
| DEEPAK NITRITE LTD | 21,769 | 27.8 | 3.71 | 22.4 | 9.4 | 10.2 | 12.6 | 21.5 |
| ATUL LTD | 18,401 | 23.1 | 2.92 | 14.9 | 10.9 | 13.3 | 10.9 | 23.1 |
| AARTI INDUSTRIES LTD | 17,846 | 33.6 | 3.00 | 18.8 | 7.0 | 4.4 | 13.0 | 16.2 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 6.5 | 23.4 | 8 of 103 | 93% |
| P/B | 790.5 | 2.9 | 99 of 99 | 0% |
| ROCE | (72.6) | 10.3 | 108 of 108 | 0% |
| ROE | (14356.0) | 8.1 | 101 of 101 | 0% |
| Debt / Equity | 447.6 | 0.2 | 101 of 101 | 0% |
| EBITDA margin | 0.4 | 15.5 | 96 of 99 | 3% |
| Revenue growth | 58.7 | 24.4 | 13 of 94 | 87% |
| Profit growth | 57.7 | 55.1 | 46 of 92 | 51% |
| Market cap | 18 | 732 | 101 of 107 | 6% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
