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Companies›Commodities›Chemicals›Chemicals & Petrochemicals
NSE:ULTRAMAR

ULTRAMARINE & PIGMENTS L

Chemicals › Chemicals & Petrochemicals
₹359.45
at close · 28 Oct 2026
▼ 3.35 (-0.92%)

Latest filings

Next results: Thu, 5 Nov · Financial Results
  1. Board to approve Q2 and half-year FY2026 results · Results
  2. Promoter-group members seek reclassification as public shareholders · Ownership Changes
  3. Quarterly compliance certificate for share dematerialisation filed · Compliance
All filings ↓
Ask Nexa about ULTRAMARINE & PIGMENTS L

Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures and sells chemicals including dyes and pigments, with smaller operations in IT-enabled services and a windmill for power generation. For FY26, consolidated revenue was Rs 774.77 crore and net profit was Rs 80.77 crore. The chemicals and allied products segment is the primary revenue earner, supported by a smaller IT-enabled services arm and a captive wind power unit; FY26 segment revenue stood at Rs 184.36 crore for chemicals, Rs 14.35 crore for IT-enabled services and Rs 3.17 crore for the windmill. Materials and consumables at 58.4% of FY26 revenue are the single largest cost line, followed by other operating expenses at 16.1% and employee cost at 10.4%. The board approved on 20 May 2026 a Rs 250 crore greenfield project at SIPCOT Industrial Park, Manapparai, Tiruchirappalli, Tamil Nadu to set up 2,500 MT of inorganic pigment capacity, to be built in phases over FY 27-28 and FY 28-29. The company holds a 18.23% stake in Thirumalai Chemicals Limited, a related-party listed chemicals company with cross-holdings (TCL holds 14.38% in the company), and on 30 April 2026 it signed a Rs 65 crore unsecured loan agreement with TCL at 10% per annum compounded quarterly over a three-year tenure.

Operating scale
Proposed inorganic pigment capacity (greenfield)
2,500 MTFY 27-28 to FY 28-29 (phased)
Greenfield project investment
Rs 250 croreApproved 20 May 2026
Loan to Thirumalai Chemicals (related party)
Rs 65 crore at 10% p.a., 3-year tenureApril 2026
FY26 consolidated revenue
Rs 774.77 croreFY26
Credit rating
A+ (Stable) from ICRAFY 25-26
Who pays it
Industrial buyers in the dyes and pigments value chain (basic industry: Dyes And Pigments); specific customer details not stated in the pack.
Biggest cost
Raw materials and consumables at 58.4% of FY26 revenue.
Kind of business
Specialty chemicals (dyes and pigments) manufacturer with small ancillary IT services and captive wind power operations.
Where it sits
Listed company in the Dyes And Pigments industry within Chemicals & Petrochemicals on NSE and BSE; holds 18.23% cross-stake in listed peer Thirumalai Chemicals Limited.
Market Cap
₹1,050 Cr
P / E (TTM)
13.0×
EV / EBITDA
8.1×
Div Yield
1.67%
Growth
20.2%▲
Revenue 5y CAGR
PAT +7.7% · EBITDA +10.2%
Quality
9.9%·
ROCE (5y median)
ROE 7.7% (5y median) · margin 17.8%
Leverage
0.09·
Debt / Equity · low
Net debt ₹71 Cr
Revenue FY21→FY26
2.5×▲
Margin −7.7 pts
₹308 Cr → ₹775 Cr
Cash conversion
1.13×▲
Operating cash ÷ profit · 5 yrs
₹384 Cr on ₹341 Cr
Moves on a normal day
1.40%·
Median daily move
Last 130 sessions · the yardstick for filing-day moves
Where it sits among 9 Dyes And Pigments peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#3/10
P/B#4/10
ROCE#3/10
ROE#3/10
Debt / Equity#4/10
EBITDA margin#6/10
Revenue growth#8/10
Profit growth#9/10

Scorecard

Measured from the filed financials, judged against its Dyes And Pigments peers · as of FY26 — not investment advice

Strengths
Revenue compounding 20% a year over 5 years
Debt at 0.09× equity
lower than 67% of its 10 Dyes And Pigments peers
Over 5 years it reported ₹341 Cr of profit and ₹384 Cr of operating cash — 1.13×
Profit is converting into cash
Pays out 22% of profit as dividend
Concerns
Nothing flagged in the filed numbers.

Charts

How has the market priced it — with filings on the timeline?

ULTRAMAR · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from ULTRAMARINE & PIGMENTS L's filed financials and exchange disclosures

What does ULTRAMARINE & PIGMENTS L do?

ULTRAMARINE & PIGMENTS L is a Chemicals & Petrochemicals company listed on NSE and BSE, trading under the symbol ULTRAMAR.

Is ULTRAMARINE & PIGMENTS L profitable?

Yes. Over the trailing twelve months ULTRAMARINE & PIGMENTS L reported a net profit of ₹81 Cr on revenue of ₹775 Cr.

Does ULTRAMARINE & PIGMENTS L pay a dividend?

Yes. The dividend yield is 1.67% at the current price. It paid out 22% of its profit as dividend in FY26.

Is ULTRAMARINE & PIGMENTS L debt-free?

No. It reported borrowings of ₹79 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹71 Cr after cash. Debt stands at 0.09× equity. That is lower than 67% of its 10 Dyes And Pigments peers.

Is ULTRAMARINE & PIGMENTS L expensive compared with its peers?

On trailing P/E, ULTRAMARINE & PIGMENTS L ranks 3 of 10 in Dyes And Pigments — cheaper than 78% of them, against an industry median of 21.1×. This is a position, not a valuation judgement.

How much does the ULTRAMARINE & PIGMENTS L share price move in a day?

On a typical session ULTRAMARINE & PIGMENTS L moves 1.40% — that is the median absolute close-to-close move across its last 130 trading days. MarketPing measures each filing's price reaction against it.

When are ULTRAMARINE & PIGMENTS L's next results?

Financial Results on Thu, 5 Nov. MarketPing alerts you on WhatsApp the moment the filing lands.

Where can I track ULTRAMARINE & PIGMENTS L's announcements?

Every NSE and BSE filing by ULTRAMARINE & PIGMENTS L appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.