Ultramarine & Pigments Ltd - Stock Valuation and Financial Performance

BSE: 506685 | NSE: ULTRMARINE | Chemicals | Small Cap

Ultramar & Pigments Share Price

553 25.05 4.74%
as on 11-Oct'24 16:01

DeciZen - make an informed investing decision on Ultramar & Pigments

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Ultramarine & Pigments stock performance -

mw4me loader
P/E Ratio (SA):
29.77
Market Cap:
1,614.8 Cr.
52-wk low:
328.2
52-wk high:
573.9

Is Ultramarine & Pigments Ltd an attractive stock to invest in?

1. Is Ultramarine & Pigments Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Ultramarine & Pigments Ltd is a good quality company.

2. Is Ultramarine & Pigments Ltd undervalued or overvalued?

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

3. Is Ultramarine & Pigments Ltd a good buy now?

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

10 Year X-Ray of Ultramar & Pigments:

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.
Ultramarine & Pigments Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 28.9%36.8%22.8%15.6%18.1%22.4%18.7%11.7%10.9%8.9%-
Value Creation
Index
1.11.60.60.10.30.60.3-0.2-0.2-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 172220255277307306308491541526554
Sales YoY Gr.-27.9%16%8.6%10.6%-0.2%0.7%59.3%10.3%-2.9%-
Adj EPS 6.49.31114.317.620.61919.922.418.218.6
YoY Gr.-45.9%18.2%29.3%23.6%16.6%-7.6%4.7%12.8%-18.9%-
BVPS (₹) 34.139.2107.4175131.8103.6157.9294.4251305.9311.3
Adj Net
Profit
18.727.332.241.751.56055.558.165.553.154
Cash Flow from Ops. 23.327.530.454.930.347.657.136.771.366.9-
Debt/CF from Ops. 000000.40.610.50.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 13.2%11.4%19.5%-2.9%
Adj EPS 12.3%0.6%-1.4%-18.9%
BVPS27.6%18.3%24.7%21.9%
Share Price 23% 24% 5.5% 28.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
19.525.515.110.111.517.514.58.88.26.56
Op. Profit
Mgn %
17.117.119.721.823.52524.817.217.215.314.3
Net Profit
Mgn %
10.912.412.61516.819.61811.812.110.19.8
Debt to
Equity
000000.10.100.10-
Working Cap
Days
15011311815217317522619719020882
Cash Conv.
Cycle
5738322526394038475154

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 19.47%

Return on Equity has declined versus last 3 years average to 6.00%

Net Profit has been subdued in last 3 years -1.41%

Sales growth is not so good in last 4 quarters at 4.73%

Latest Financials - Ultramarine & Pigments Ltd.

Standalone Consolidated
TTM EPS (₹) 18.6 19.7
TTM Sales (₹ Cr.) 554 591
BVPS (₹.) 311.3 313.7
Reserves (₹ Cr.) 903 910
P/BV 1.78 1.76
PE 29.77 28.03
From the Market
52 Week Low / High (₹) 328.20 / 573.85
All Time Low / High (₹) 4.76 / 573.85
Market Cap (₹ Cr.) 1,615
Equity (₹ Cr.) 5.8
Face Value (₹) 2
Industry PE 60.1

Management X-Ray of Ultramar & Pigments:

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 (%)

Event Update

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Analyst's Notes

Key Ratios of Ultramar & Pigments

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales172220255277307306308491541526
Operating Expenses 143183205217236230232407449446
Manufacturing Costs22212626292826416255
Material Costs73107127135141133145282287295
Employee Cost 29323135424639475457
Other Costs 19232121252323374538
Operating Profit 29385061717676849380
Operating Profit Margin (%) 17.1%17.1%19.7%21.8%23.0%25.0%24.6%17.1%17.1%15.2%
Other Income 253910121091212
Interest 0011122444
Depreciation 3345699121416
Exceptional Items 0000600000
Profit Before Tax 28394863807875788871
Tax 9121620241619192117
Profit After Tax 19273244566256586654
PAT Margin (%) 10.9%12.4%12.7%15.7%18.4%20.3%18.1%11.9%12.3%10.2%
Adjusted EPS (₹)6.49.411.115.019.321.219.120.022.818.4
Dividend Payout Ratio (%)47%37%36%28%23%24%26%25%22%27%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 99115314511385302461860733893
Share Capital 6666666666
Reserves 94109308505379297455854727887
Minority Interest0000000000
Debt000002035303127
Long Term Debt000002035303127
Short Term Debt0000000000
Trade Payables11172529222936394053
Others Liabilities 362253739929126129119144
Total Liabilities 1461533926125053816581,0589241,117

Fixed Assets

Gross Block101119647993114147182209249
Accumulated Depreciation636649142328405264
Net Fixed Assets385260707991119142157185
CWIP 22012352315212
Investments 1315207400232105194595425576
Inventories20212525273437718080
Trade Receivables22273426333944394256
Cash Equivalents 16121515282070293443
Others Assets3424497610456172166165174
Total Assets 1461533926125053816581,0589241,117

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 23283055304857377167
PBT 28394863807875788871
Adjustment 302-3-9-1371111
Changes in Working Capital 0-2-714-15-11-3-30-62
Tax Paid -8-10-14-19-26-19-18-18-21-17
Cash Flow From Investing Activity -8-9-27-41-2-39-20-60-49-35
Capex -2-18-10-22-7-42-32-27-29-26
Net Investments 0-1-19-240-319-3-25
Others -6102557-7-30-18-13
Cash Flow From Financing Activity -11-230-15-15-1613-18-17-23
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -20000201512-4
Interest Paid 000-100-1-3-3-3
Dividend Paid -9-230-12-15-330-15-15-15
Others 000-20-3-1-1-2-2
Net Cash Flow 4-53-113-750-4169
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)19.5525.5615.1710.5812.6118.0414.618.838.356.62
ROCE (%)28.9236.8222.8315.6318.0722.4318.711.6710.938.85
Asset Turnover Ratio1.281.611.030.560.550.690.590.570.550.51
PAT to CFO Conversion(x)1.211.040.941.250.540.771.020.641.081.24
Working Capital Days
Receivable Days43374039354349312834
Inventory Days38313033313642405156
Payable Days46475972667083495058

Ultramarine & Pigments Ltd Stock News

Ultramarine & Pigments Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Ultramar & Pigments on 11-Oct-2024 16:01 is ₹553.0.
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 11-Oct-2024 16:01 the market cap of Ultramar & Pigments stood at ₹1,614.8.
The latest P/E ratio of Ultramar & Pigments as of 11-Oct-2024 16:01 is 29.77.
The latest P/B ratio of Ultramar & Pigments as of 11-Oct-2024 16:01 is 1.78.
The 52-week high of Ultramar & Pigments is ₹573.9 and the 52-week low is ₹328.2.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ultramar & Pigments is ₹554.2 ( Cr.) .

About Ultramarine & Pigments Ltd

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.

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