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Mehul Colours Ltd (544472)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544472 NSE: Dyes & Pigments | Small Cap | Mehul Colours Share Price

₹70 0.00 (0.00%)

As on 02-Jun'26 16:59

Mehul Colours Ltd (544472)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544472 NSE: Dyes & Pigments | Small Cap | Mehul Colours Share Price

₹70 0.00 (0.00%)

As on 02-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹74 Cr.
Current Price
₹70
52-Week Low / High
₹48 / 93
TTM EPS
₹5
TTM Sales
₹30.4 Cr.
Book Value per Share
₹36.7
P/E Ratio
14.14
In line with its 5-year historical median
Industry PE
2.8
Price to Book (P/B)
1.91
Lower than its 5-year historical median
Price to Sales (P/S)
2.43
Lower than its 5-year historical median
EV/EBITDA
9.75
In line with its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
38.46%
Outperforms industry median
Return on Capital Employed (ROCE)
51.45%
Outperforms industry median
Return on Assets (ROA)
33.51%
Operating Profit Margin
30.3%
Net Profit Margin
24.11%
Gross Profit Margin
34%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
4.01%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
72.75%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
70.81%
Asset Quality
Promoter Holding
71.60%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹28 Cr.
Equity
₹10.6 Cr.
Face Value
₹10
All Time Low / High
₹48.00 / 92.50

Mehul Colours stock performance

Key Ratios
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Check Before You Invest

Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Mehul Colours Ltd a good quality company?
Mehul Colours 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.

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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.

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How does Mehul Colours Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Mehul Colours Ltd vs industry peers?
Mehul Colours Ltd revenue CAGR is 4.05%, compared to the industry median CAGR of 1%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Mehul Colours Ltd?
Promoters hold 71.60% of the Mehul Colours Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Mehul Colours Ltd over the last decade?
Over the last - year(s), the stock has delivered a CAGR of N/A% based on the current price.
View More

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.
Mehul Colours 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'22Mar'23Mar'24Mar'25TTM
ROCE % ⓘ34.6%58.8%43.4%51.5%-
Value Creation
Index ⓘ		1.53.22.12.7-

Growth Parameters ⓘ
Sales ⓘ20.321.221.922.830
Sales YoY Gr.-4.5%3.6%4%-
Adj EPS ⓘ1.93.94.17.15
YoY Gr.-108%5.1%74.3%-
BVPS (₹) ⓘ7.211.115.322.636.7
Adj Net
Profit ⓘ		1.42.93.15.45
Cash Flow from Ops. ⓘ0.14.72.11.9-
Debt/CF from Ops. ⓘ5.600.20-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘNANA4.1%4%
Adj EPS ⓘNANA56.2%74.3%
BVPSⓘNANA46.5%47.6%
Share Price - - - -

Key Financial Parameters ⓘ

Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity % ⓘ		2642.63137.616.7
Op. Profit
Mgn % ⓘ		10.519.918.330.3NAN
Net Profit
Mgn % ⓘ		713.914.123.617.2
Debt to
Equity ⓘ		0.1000-
Working Cap
Days ⓘ		01241011230
Cash Conv.
Cycle ⓘ		07067910

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24Mar'25
Sales20.2621.1821.9422.82
Operating Expenses ⓘ + 18.1316.9717.9315.91
Manufacturing Costs0.530.690.680.82
Material Costs13.7611.2312.309.91
Employee Cost 0.740.951.051.31
Other Costs ⓘ 3.104.103.903.87
Operating Profit ⓘ 2.144.2146.91
Operating Profit Margin (%) 10.5%19.9%18.2%30.3%
Other Income ⓘ + 0.110.190.720.89
Exceptional Items ⓘ 0000
Interest ⓘ 0.060.060.060.05
Depreciation ⓘ 0.240.230.320.35
Profit Before Tax ⓘ 1.944.104.357.40
Tax ⓘ 0.491.161.131.90
Profit After Tax 1.452.943.225.50
PAT Margin (%) 7.1%13.9%14.7%24.1%
Adjusted EPS (₹)1.93.94.37.3
Dividend Payout Ratio (%)0%0%0%0%

Valuation of Mehul Colours - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 5.428.3611.5617.06
Share Capital ⓘ 0.290.290.297.54
Reserves ⓘ 5.138.0711.279.52
Debt +0.3700.360
Long Term Debt0000
Short Term Debt0.3700.360
Minority Interest0000
Trade Payables2.261.360.860.31
Others Liabilities ⓘ 1.341.261.301.40
Total Liabilities ⓘ 9.3810.9814.0818.77

Fixed Assets

Net Fixed Assets ⓘ +0.820.931.312.03
Gross Block2.803.153.644.57
Accumulated Depreciation1.992.222.332.54
CWIP ⓘ 0000
Investments ⓘ 03.094.436.39
Inventories1.051.461.842.08
Trade Receivables6.793.883.755.55
Cash Equivalents 0.071.062.071.29
Others Assets ⓘ 0.650.570.671.43
Total Assets ⓘ 9.3810.9814.0818.77

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity ⓘ + 0.074.692.131.91
PBT ⓘ 1.944.104.357.40
Adjustment ⓘ 0.340.49-0.16-0.34
Changes in Working Capital ⓘ -1.621.13-0.83-3.33
Tax Paid ⓘ -0.60-1.04-1.23-1.83
Cash Flow From Investing Activity ⓘ + -0.07-3.29-1.45-2.30
Capex -0.09-0.35-0.58-0.99
Net Investments 0-3.09-1.35-1.96
Others ⓘ 0.020.140.470.65
Cash Flow From Financing Activity ⓘ + 0.02-0.410.33-0.39
Net Proceeds from Shares ⓘ 0000
Net Proceeds from Borrowing ⓘ -0.09000
Interest Paid ⓘ -0.06-0.04-0.03-0.03
Dividend Paid ⓘ 0000
Others ⓘ 0.17-0.370.36-0.36
Net Cash Flow ⓘ 0.020.991.01-0.78

Financial Ratio

PARTICULARSMar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)26.6842.6832.3238.46
ROCE (%)34.5658.8143.4251.45
Asset Turnover Ratio2.162.081.751.39
PAT to CFO Conversion(x)0.051.60.660.35
Working Capital Days
Receivable Days122.4091.9063.5074.40
Inventory Days1921.6027.4031.40
Payable Days6058.8032.9021.40

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Mehul Colours Ltd FAQs

The current trading price of Mehul Colours on 02-Jun-2026 16:59 is ₹70.00.

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-Jun-2026 the market cap of Mehul Colours stood at ₹73.84 Cr

The latest P/E ratio of Mehul Colours as of 01-Jun-2026 is 14.14.

The latest P/B ratio of Mehul Colours as of 01-Jun-2026 is 1.91.

The 52-week high of Mehul Colours is ₹92.50 and the 52-week low is ₹48.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Mehul Colours is ₹30.40 ( Cr.) .

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

The key valuation ratios of Mehul Colours Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

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

About Mehul Colours Ltd

Mehul Colours was incorporated on December 12, 1995 under the name of ‘Mehul Colours and Masterbatches Private Limited’, a private limited company under the provisions of the Companies Act, 1956, pursuant to a Certificate of Incorporation issued by Registrar of Companies, Maharashtra. Finally, the name of the company was changed from “Mehul Colours and Masterbatches Limited” to “Mehul Colours Limited” and a fresh Certificate of Incorporation issued by the Registrar of Companies, Central Processing Centre, on January 9, 2025. 

The company is primarily engaged in the manufacturing of masterbatches, which are used in the plastics industry to impart colour and enhance the functional properties of plastic products. Masterbatches are concentrated mixtures of pigments and additives that are uniformly dispersed in polymer carriers, facilitating the effective integration of colour and performance-enhancing properties into plastic products. During plastic processing, masterbatches enable the uniform dispersion of pigments within the plastic resin, ensuring consistent colour distribution throughout the final plastic product without uneven patches or variations. They are also used to enhance visual appearance and impart specific properties to plastic materials such as UV resistance, flame retardancy and antistatic behaviour. 

Its product line includes colour masterbatches, additive masterbatches, special effect masterbatches and filler masterbatches to meet specific functional and aesthetic needs in plastic manufacturing. Colour masterbatches ensure uniform and consistent colouration across plastic products. Additive masterbatches enhance the durability, functionality and processability of plastics by imparting essential properties such as UV protection, slip resistance, tackiness, flame retardancy, impact strength and improved extrusion capabilities. These include UV Stabilizers, Slip/Anti-block agents, PIB Masterbatch, Flame Retardants, Impact Modifiers and PPA Masterbatch. Special effect masterbatches, offering finishes like pearl, metallic, sparkle, glitter, fluorescent and wood effects, alter the visual and tactile characteristics of plastics. Filler masterbatches, primarily composed of calcium carbonate (CaCO3), talc, or other mineral fillers, are used to enhance rigidity and processing efficiency.

Business area of the company:

The company is engaged in the business of manufacturing in the Plastic Colour Masterbatches for commodity and engineering plastics, pigments, compounds & additive masterbatches. Its product line includes colour masterbatches, additive masterbatches, special effect masterbatches and filler masterbatches to meet specific functional and aesthetic needs in plastic manufacturing. Colour masterbatches ensure uniform and consistent colouration across plastic products.

Products of the company:

  • Masterbatches
  • Pigments

History and milestones:

  • 1995: Incorporation of the company under the name of 'Mehul Colours and Masterbatches Private Limited’ following the acquisition of the ongoing business of the proprietary concern, M/S Mehul Colour Chem. 
  • 2022: Crossed revenue of Rs 20 crore. 
  • 2024: Conversion of company from Private Limited to Public Limited in consequence of such conversion, name of the company changed from ‘Mehul Colours and Masterbatches Private Limited’ to ‘Mehul Colours and Masterbatches Limited’. 
  • 2025: The name of the company was changed from ‘Mehul Colours and Masterbatches Limited’ to ‘Mehul Colours Limited’.

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