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Ultramarine & Pigments Ltd. Stock Analysis

Small Cap
Evaluated by 654 users | BSE: 506685 | NSE: ULTRMARINE |
Chemicals
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...

Analysis of Financial Track Record

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.
Value Creation
Value Creation Index Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 19.41%17.19%14.15%16.5%19.65%25.73%15.28%10.28%11.59%17.31%
Value Creation Index 0.550.380.130.320.571.060.22-0.18-0.070.38
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 118136140150172220255277307306
Y-o-Y Gr. Rt.-15.5%3%7.2%14.6%27.9%16%8.6%10.6%-0.2%
Adjusted EPS (Rs.) 5.244.824.085.046.49.3411.0414.2717.6320.56
Y-o-Y Gr. Rt.--8%-15.4%23.5%27%45.9%18.2%29.3%23.6%16.6%
Book Value per Share (Rs.) 26.8428.0429.5631.5734.0739.22107.38175.03131.81103.59
Adjusted Net Profit 15.314.111.914.718.727.332.241.751.560
Net Op. Cash Flow (Rs. Cr.) 17.713.6141723.327.530.454.930.347.6
Debt to Cash Flow from Ops 0.440.710.440.12000000.43
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Ultramarine & Pigments Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 11.2%12.2%6.2%-0.2%
Adjusted EPS 16.4%26.3%23%16.6%
Book Value per Share 16.224.9-1.2-21.4
Share Price 22.4% 20.7% -2.7% 29.4%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 20.417.5514.1616.519.525.515.0510.1111.4917.47
Operating Profit Margin (%) 19.5717.4914.9717.0217.0917.1219.721.8323.5425.02
Net Profit Margin (%) 12.9810.348.59.810.8512.3912.6215.0216.7819.61
Debt to Equity 0.10.120.070.02000000.07
Working Capital Days 110108120144150113118152173211
Cash Conversion Cycle 54616768573832252639
Entity Percentage Holding
Promoters 51.79%
Institutions 1.36%
Non-Institutions 46.85%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Ultramarine & Pigments Ltd.'s performance infers:

Ultramarine & Pigments Ltd. earnings have grown by 26.3%, whereas share price has appreciated 20.7% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Ultramarine & Pigments Ltd. share prices over the last 10 years. Here is what we found out:

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

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

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.

Other group companies:

  • Chemidye- Manufacturer of fine /specialty chemicals based on phthalic and Maleic Anhydride.
  • LAPIZ Digital Services- IT Enabled services
  • Thirumalai Chemicals Ltd.- Manufacturer of Phthalic Anhydride,Malic Acid & food Acid
  • Thirumalai Charity Trust- A NGO operating in Education women’s empowerment.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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