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Organic Coatings Ltd (531157)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 531157 NSE: Chemicals | Small Cap | Organic Coatings Share Price

₹21.39 -1.12 (-4.98%)

As on 02-Jul'26 16:59

Organic Coatings Ltd (531157)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 531157 NSE: Chemicals | Small Cap | Organic Coatings Share Price

₹21.39 -1.12 (-4.98%)

As on 02-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹21 Cr.
Current Price
₹21.4
52-Week Low / High
₹13 / 30
TTM EPS
₹-3.3
TTM Sales
₹28.1 Cr.
Book Value per Share
₹-1.8
P/E Ratio
0.00
Industry PE
52.9
Price to Book (P/B)
-11.62
Lower than its 5-year historical median
Price to Sales (P/S)
0.76
Higher than its 5-year historical median
EV/EBITDA
-18.64
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
-563.24%
Underperforms industry median
Return on Capital Employed (ROCE)
-9.80%
Underperforms industry median
Return on Assets (ROA)
-11.40%
Operating Profit Margin
-0.4%
Net Profit Margin
-7.26%
Gross Profit Margin
-4.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
7.94%
Operating Profit Growth (1 Year)
-
-107.07%
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
6.06%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹-12 Cr.
Equity
₹10 Cr.
Face Value
₹10
All Time Low / High
₹1.45 / 80.00

Organic Coatings stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Organic Coatings Ltd a good quality company?
Organic Coatings Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Organic Coatings Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Organic Coatings Ltd vs industry peers?
Organic Coatings Ltd revenue CAGR is 1.01%, compared to the industry median CAGR of 7.53%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Organic Coatings Ltd?
Promoters hold 6.06% of the Organic Coatings Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Organic Coatings Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 7.2% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Organic Coatings Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 1.2%8.6%7.6%0.7%4.5%-4.9%-3.6%4.4%8.9%-9.8%-
Value Creation
Index
-0.9-0.4-0.5-1.0-0.7-1.4-1.3NANA-1.7-

Growth Parameters

Sales 40.729.937.135.627.514.122.122.926.82928
Sales YoY Gr.--26.4%23.9%-4.1%-22.6%-49%57.1%3.8%17.2%7.9%-
Adj EPS -1.50.20-1.4-1-2.8-2.7-1.3-0.7-2.1-3.3
YoY Gr.-NA-100%NANANANANANANA-
BVPS (₹) 8.28.38.478.83.61-0.2-0.91.4-1.8
Adj Net
Profit
-1.20.10-1.1-0.7-2.2-2-1-0.5-2.1-3
Cash Flow from Ops. 3.54.12.30.5-0.8-1.31.41.62.70.9-
Debt/CF from Ops. 2.623.318.3-12.4-9.88.87.748.7-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -3.7%1%9.5%7.9%
Adj EPS NANANANA
BVPS-17.6%-30.5%13%NA
Share Price 10% 20.3% 51.5% 28.8%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-171.90-13.8-10.4-38.1-56.5-47-34.8-941595.1
Op. Profit
Mgn %
3.47.75.13.45.63.42.166.9-0.5-6.2
Net Profit
Mgn %
-2.90.40-3-2.7-15.4-9.3-4.4-1.9-7.3-11.6
Debt to
Equity
1.51.31.21.61.44.616.1-65-165.4163.5
Working Cap
Days
13814011815116825118217514012280
Cash Conv.
Cycle
19232227288664574537-23

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales40.6929.9437.1035.5927.5414.0522.0722.9026.8328.96
Operating Expenses + 39.4027.6535.2134.3925.9813.5721.6021.5424.9929.09
Manufacturing Costs5.614.265.065.244.292.913.713.726.396.51
Material Costs29.2619.4625.8724.9518.228.6215.1815.3516.0919.60
Employee Cost 2.021.791.831.841.250.790.850.860.881.29
Other Costs 2.512.142.442.352.231.241.861.601.641.68
Operating Profit 1.292.291.891.201.550.480.461.361.84-0.13
Operating Profit Margin (%) 3.2%7.6%5.1%3.4%5.6%3.4%2.1%5.9%6.9%-0.5%
Other Income + 0.310.310.550.240.400.050.110.170.070.05
Exceptional Items 00.0100000000
Interest 1.421.171.061.121.181.391.471.491.451.16
Depreciation 1.401.311.351.341.291.301.070.980.930.86
Profit Before Tax -1.210.130.04-1.03-0.51-2.15-1.97-0.95-0.47-2.10
Tax 000.010000.03000
Profit After Tax -1.210.130.03-1.03-0.51-2.15-2-0.95-0.47-2.10
PAT Margin (%) -3.0%0.4%0.1%-2.9%-1.9%-15.3%-9.1%-4.2%-1.8%-7.3%
Adjusted EPS (₹)-1.60.20.0-1.3-0.7-2.8-2.6-1.2-0.6-2.1
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Organic Coatings - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 6.256.388.297.246.754.622.631.681.193.29
Share Capital 7.677.677.677.677.677.677.677.677.679.97
Reserves -1.42-1.290.62-0.43-0.93-3.06-5.05-5.99-6.48-6.68
Debt +7.156.046.116.628.0912.2410.9710.899.816.58
Long Term Debt3.331.281.942.974.828.076.816.735.684.42
Short Term Debt3.824.754.163.663.284.174.164.164.142.17
Minority Interest0000000000
Trade Payables86.248.4110.555.134.646.745.106.155.87
Others Liabilities 7.118.176.396.741.870.862.042.051.962.03
Total Liabilities 28.5126.8329.1931.1621.8522.3522.3819.7219.1217.77

Fixed Assets

Net Fixed Assets +13.8114.5515.2614.0712.7911.4910.459.518.728.70
Gross Block25.8926.2428.2128.1228.1227.9327.9727.9828.1228.94
Accumulated Depreciation12.0911.6912.9514.0415.3316.4417.5118.4819.4020.24
CWIP 0000000000
Investments 0000000000
Inventories4.593.554.274.933.413.373.383.033.133.38
Trade Receivables6.845.546.768.434.125.476.966.196.384.85
Cash Equivalents 0.910.780.720.840.010.590.190.010.010.06
Others Assets 2.372.402.182.881.511.431.390.990.890.77
Total Assets 28.5126.8329.1931.1621.8522.3522.3819.7219.1217.77

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 3.504.112.270.45-0.75-1.271.391.552.700.89
PBT -1.210.130.04-1.03-0.51-2.15-1.97-0.95-0.47-2.10
Adjustment 2.802.412.302.332.402.712.512.472.341.93
Changes in Working Capital 1.921.57-0.07-0.85-2.64-1.830.850.030.831.07
Tax Paid 0000000000
Cash Flow From Investing Activity + -0.12-1.95-0.09-0.020.06-00.01-0.02-0.12-0.81
Capex -0.16-2.06-0.19-0.14-0-0-0.04-0.04-0.14-0.85
Net Investments 0000000000
Others 0.050.110.100.120.0700.050.020.020.04
Cash Flow From Financing Activity + -3.37-2.29-2.07-0.32-0.141.86-1.79-1.72-2.58-0.03
Net Proceeds from Shares 0000000004.26
Net Proceeds from Borrowing -2.06-2.050.661.471.853.25-1.33-0.08-1.05-1.26
Interest Paid -1.42-1.17-1.06-1.12-1.18-1.39-1.47-1.49-1.45-1.16
Dividend Paid 0000000000
Others 0.110.93-1.68-0.67-0.82-0.011.01-0.14-0.08-1.87
Net Cash Flow 0.01-0.130.110.12-0.840.58-0.39-0.18-0.010.05

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-17.672.050.45-17.42-8.47-45.34-114.34-332.420-563.24
ROCE (%)1.238.627.630.74.45-4.87-3.574.398.87-9.8
Asset Turnover Ratio1.391.191.361.181.040.640.991.091.381.57
PAT to CFO Conversion(x)N/A31.6275.67N/AN/AN/AN/AN/AN/AN/A
Working Capital Days
Receivable Days75.3068.4058.9077.9083.20124.60102.80104.8085.5070.80
Inventory Days42.604537.5047.2055.3088.1055.8051.1041.9041
Payable Days129.20133.60103.30138.60157.10206.80136.70140.70127.60111.90

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Organic Coatings Ltd FAQs

The current trading price of Organic Coatings on 02-Jul-2026 16:59 is ₹21.39.

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 01-Jul-2026 the market cap of Organic Coatings stood at ₹21.34 Cr

The latest P/E ratio of Organic Coatings as of 01-Jul-2026 is 0.00.

The latest P/B ratio of Organic Coatings as of 01-Jul-2026 is -11.62.

The 52-week high of Organic Coatings is ₹30.43 and the 52-week low is ₹13.10.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Organic Coatings is ₹28.09 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Organic Coatings Ltd is a average quality company.

The key valuation ratios of Organic Coatings Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

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

About Organic Coatings Ltd

Organic Coatings Ltd. came into being on April 22, 1965 under the name of Organic Coatings. They have time and again proved their technical competence and business sense in the manufacture of offset inks, flex graphic inks, gravure inks and allied products having a variety of uses in printing.

Their In-house Research & Development unit has been recognized by the Department of Scientific and Industrial Research, Ministry of Science and Technology, Government of India in 1991. Their R & D team developed the technology for manufacturing security inks used for printing of cheques, ultra violet curing inks used for packaging, flex graphic and gravure inks used for BOPP, polyesters etc.    Understanding their responsibity as a diligent corporate citizen they have formulated environment - friendly water based inks & coatings, which are especially useful for food packaging and meets FDA requirements in terms of quality. They have also developed and commercially marketed specialty products for ITC Ltd., VFC Ltd., etc in bulk.

The company’s inks fulfill all the expectations regarding color consistency, print quality, drying, gloss and rub resistance and other such concerns. They are in constant touch with their customers, ascertaining their requirements and doctoring their inks to perform under different conditions. Their high expectation of their selves and their sensitivity to customer needs is the best guarantee for their products.

Product range of the company includes:

  • Sheet Fed F/C Inks
  • Spot Color & Matching
  • Web O/S Inks
  • U V Inks
  • U V Coatings
  • Water Based Inks
  • Water Based Coatings
  • Sundries & Additives

Achievements/ recognition:

  • TUV Certification
  • Lifetime Achievement Awards  
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About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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