Ultramarine & Pigments Limited

Chemicals · Chemicals & Petrochemicals

NSE: ULTRAMAR BSE: 506685

₹409.40

Sept. 30, 2026 · NSE · nse_bhavcopy

Peers in Chemicals & Petrochemicals

The largest companies in the same industry by market cap. This company ranks #80 of 221. PE, ROE, 1Y return and scores come from the daily/weekly precomputed snapshot.

Company	Market cap (₹ Cr)	PE (TTM)	ROE	1Y return	Div. yield	Quality	Valuation	Momentum
Solar Industries India Limited	178,265	137.1	26.5%	47.3%	—	95	7	50
Pidilite Industries Limited	149,114	58.1	22.4%	-0.7%	0.78%	91	0	27
SRF Limited	73,291	38.7	13.1%	-14.9%	0.40%	73	8	14
Linde India Limited	53,925	98.3	12.9%	0.9%	0.06%	74	0	50
Gujarat Fluorochemicals Limited	48,392	69.5	7.3%	18.6%	0.07%	75	0	30
Navin Fluorine International Limited	42,290	74.7	16.7%	78.1%	—	83	33	48
Himadri Speciality Chemical Limited	34,198	43.0	15.9%	51.2%	0.12%	84	25	67
Aether Industries Limited	22,552	123.9	8.9%	125.9%	—	81	0	85
Ultramarine & Pigments Limited (this stock)	1,195	14.3	8.5%	—	1.47%	77	92	22

Valuation multiples

Current only. Market cap is the whole company's; sales/EBITDA are trailing-twelve-month standalone; debt and cash come from the latest filed standalone balance sheet (March 31, 2026). EBITDA = PBT + interest + depreciation.

Enterprise value

₹1,200 Cr

EV / EBITDA

9.1x

EV / Sales

1.59x

Market cap / Sales

1.58x

Earnings yield

7.00%

Quarterly Financials

Download CSV

Standalone Consolidated

↑ Positive

Quarterly Revenue

Jun 2026 quarterly revenue is Rs 225 Cr, up 30.8% YoY.

↑ Positive

Quarterly Net Profit

Jun 2026 quarterly net profit is Rs 28 Cr, up 68.2% YoY.

Period end	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)	Basic EPS
June 30, 2026	219	38	28	₹9.5800
March 31, 2026	180	16	12	₹4.2400
Dec. 31, 2025	178	29	23	₹7.9900
Sept. 30, 2025	181	26	20	₹6.8500
June 30, 2025	169	22	17	₹5.7000
March 31, 2025	182	22	16	₹5.4400
Dec. 31, 2024	164	27	20	₹6.7600
Sept. 30, 2024	154	24	18	₹6.2300
June 30, 2024	152	21	16	₹5.4300
March 31, 2024	126	13	10	₹3.5000
Dec. 31, 2023	140	17	12	₹4.2300
Sept. 30, 2023	137	20	16	₹5.4200
June 30, 2023	123	21	15	₹5.2900

Quarterly income statement (standalone, ₹ Cr)

Indicator	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23
Total income (before exceptional items)	225	183	181	186	172	184	166	158	155	128	142	143	125
Operating revenue	219	180	178	181	169	182	164	154	152	126	140	137	123
Other income	6	3	3	5	3	2	2	5	3	2	2	5	2
Operating expenses	181	159	151	155	144	158	134	130	128	109	120	117	100
Operating profit	38	21	27	26	25	24	29	24	23	16	20	20	23
Operating profit margin	17.2%	11.7%	15.1%	14.4%	14.5%	13.4%	17.9%	15.7%	15.3%	13.0%	14.1%	14.6%	18.9%
Depreciation	5	5	5	5	4	4	4	4	4	4	4	4	4
Interest	0	1	1	1	1	1	1	1	1	1	1	1	1
Exceptional items, gain / (loss)	—	-2	4	—	—	—	—	—	—	—	—	—	—
Profit before tax	38	16	29	26	22	22	27	24	21	13	17	20	21
Tax	10	4	6	6	6	6	7	5	5	3	4	4	5
Net profit	28	12	23	20	17	16	20	18	16	10	12	16	15
EPS	9.58	4.24	7.99	6.85	5.70	5.44	6.76	6.23	5.43	3.50	4.23	5.42	5.29
Net profit (TTM)	84	72	76	72	70	70	64	57	54	54	53	57	65
EPS (TTM)	28.66	24.78	25.98	24.75	24.13	23.86	21.92	19.39	18.58	18.44	18.24	19.67	22.15

Total income excludes exceptional items, which are shown on their own row. Trendlyne and Screener fold exceptional items into revenue or other income, so their totals differ from this table by exactly that row.

Annual Financials

Annual income statement (standalone, ₹ Cr; CAGR to the latest year)

Indicator	CAGR 3Y	CAGR 5Y	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Total income (before exceptional items)	9.2%	17.8%	721^†	663^†	537^†	554^†	500^†	318^†	318^†	316^†	292^†	258^†
Operating revenue	9.3%	18.1%	707^†	651^†	526^†	541^†	491^†	308^†	306^†	307^†	283^†	255^†
Other income	—	—	15^†	12^†	12^†	12^†	9^†	10^†	12^†	9^†	9^†	2^†
Operating expenses	—	—	609^†	550^†	446^†	446^†	408^†	233^†	230^†	236^†	—	—
Operating profit	1.1%	5.5%	98^†	101^†	79^†	95^†	83^†	75^†	76^†	71^†	—	—
Operating profit margin	—	—	13.9%^†	15.5%^†	15.1%^†	17.6%^†	17.0%^†	24.4%^†	24.8%^†	23.2%^†	—	—
Depreciation	—	—	19^†	17^†	16^†	14^†	12^†	9^†	9^†	6^†	—	4^†
Interest	—	—	2^†	3^†	4^†	3^†	3^†	1^†	1^†	0^†	1^†	—
Exceptional items, gain / (loss)	—	—	2^†	0^†	0^†	-3^†	0^†	0^†	0^†	6^†	0^†	0^†
Profit before tax	2.4%	4.6%	94^†	93^†	71^†	88^†	78^†	75^†	78^†	80^†	63^†	48^†
Tax	—	—	22^†	23^†	17^†	21^†	19^†	19^†	16^†	24^†	20^†	16^†
Net profit	2.9%	5.3%	72^†	70^†	54^†	66^†	58^†	56^†	62^†	56^†	44^†	32^†
EPS	2.9%	5.4%	24.78^†	23.86^†	18.44^†	22.76^†	19.97^†	19.09^†	21.21^†	—	—	—

^† Derived: the sum of that fiscal year's four quarterly filings (a real annual filing is used wherever one exists). Checked against filed annual figures, the sum lands within 0.5% for about 94% of company-years.

Annual ratios (standalone)

Ratio	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Operating margin	13.9%^†	15.5%^†	15.1%^†	17.6%^†	17.0%^†	24.4%^†	24.8%^†	23.2%^†	—	—
EBIT margin	13.6%^†	14.8%^†	14.2%^†	16.7%^†	16.4%^†	24.7%^†	25.7%^†	26.2%^†	22.6%^†	—
PBT margin	13.3%^†	14.3%^†	13.5%^†	16.2%^†	15.8%^†	24.3%^†	25.4%^†	26.2%^†	22.4%^†	18.8%^†
Net margin	10.2%^†	10.7%^†	10.2%^†	12.3%^†	11.9%^†	18.1%^†	20.3%^†	18.4%^†	15.4%^†	12.7%^†
Interest coverage	39.31x^†	28.53x^†	20.18x^†	30.08x^†	27.22x^†	70.38x^†	72.23x^†	731.55x^†	103.26x^†	—
Dividend payout	0.0%^†	0.0%^†	0.0%^†	0.0%^†	0.0%^†	0.0%^†	0.0%^†	—	—	—
Earnings retention	100.0%^†	100.0%^†	100.0%^†	100.0%^†	100.0%^†	100.0%^†	100.0%^†	—	—	—
Current ratio	2.39x	3.11x	—	—	—	—	—	—	—	—
Quick ratio	1.62x	2.20x	—	—	—	—	—	—	—	—
Debt to equity	0.02x	0.03x	—	—	—	—	—	—	—	—
Return on equity	8.5%^†	7.2%^†	—	—	—	—	—	—	—	—
Return on assets	7.3%^†	6.4%^†	—	—	—	—	—	—	—	—
Return on capital employed	10.9%^†	9.6%^†	—	—	—	—	—	—	—	—
Asset turnover	0.71x^†	0.60x^†	—	—	—	—	—	—	—	—

Margins and asset turnover use operating revenue (interest earned for banks, excluding other income), not total income. Liquidity, leverage and return ratios need a filed standalone balance sheet, which exists only for recent years; returns use year-end equity/assets. Dividend payout is shown only for companies with a dividend record. † = built from a summed fiscal year.

Revenue Mix

Data unavailable.

Cash Flow

Year ended	Operating (₹ Cr)	Investing (₹ Cr)	Financing (₹ Cr)	Capex (₹ Cr)	Free Cash Flow (₹ Cr)
March 31, 2026	128	-148	-31	68	60
March 31, 2025	90	-42	-33	22	68

Balance Sheet (standalone)

Year ended	Total Assets (₹ Cr)	Total Equity (₹ Cr)	Reserves (₹ Cr)	Borrowings, Current (₹ Cr)	Borrowings, Non-current (₹ Cr)	Current Assets (₹ Cr)	Current Liabilities (₹ Cr)	Cash & Equivalents (₹ Cr)	Net Block (₹ Cr)	Inventory (₹ Cr)
March 31, 2026	993	850	844	10	7	271	113	12	189	88
March 31, 2025	1,092	962	956	10	17	257	83	56	172	75

Financial charts

Trend charts drawn from the standalone income-statement and ratio tables above (oldest year on the left); a gap means that period has no figure. Annual years marked † in the tables are derived from four quarters.