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Poddar Pigments Ltd (PODDARMENT)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 524570 NSE: PODDARMENT Dyes & Pigments | Small Cap | Poddar Pigments Share Price

₹245 0.00 (0.00%)

As on 02-Jul'26 16:59

Poddar Pigments Ltd (PODDARMENT)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 524570 NSE: PODDARMENT Dyes & Pigments | Small Cap | Poddar Pigments Share Price

₹245 0.00 (0.00%)

As on 02-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹260 Cr.
Current Price
₹245
52-Week Low / High
₹204 / 322
TTM EPS
₹13.9
TTM Sales
₹375 Cr.
Book Value per Share
₹330.5
P/E Ratio
17.61
Higher than its 5-year historical median
Industry PE
2.8
Price to Book (P/B)
0.74
Lower than its 5-year historical median
Price to Sales (P/S)
0.69
Lower than its 5-year historical median
EV/EBITDA
8.55
Higher than its 5-year historical median
Dividend Yield
1.63%
Profitability Efficiency
Return on Equity (ROE)
6.41%
Underperforms industry median
Return on Capital Employed (ROCE)
8.58%
Underperforms industry median
Return on Assets (ROA)
5.45%
Operating Profit Margin
8.7%
Net Profit Margin
6.19%
Gross Profit Margin
9%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-0.14%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-18.97%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-20.82%
Asset Quality
Promoter Holding
62.43%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹340 Cr.
Equity
₹10.6 Cr.
Face Value
₹10
All Time Low / High
₹1.25 / 475.75

Poddar Pigments stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Poddar Pigments Ltd a good quality company?
Poddar Pigments Ltd is a average quality company, based on a somewhat consistent 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 Poddar Pigments Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Poddar Pigments Ltd vs industry peers?
Poddar Pigments Ltd revenue CAGR is 0.65%, compared to the industry median CAGR of 5.57%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Poddar Pigments Ltd?
Promoters hold 62.43% of the Poddar Pigments Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Poddar Pigments Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 3.8% based on the current price.

10 Year X-Ray : Login to view analysis.

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.
Poddar Pigments 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 % 25%21.1%16.2%11.8%14.5%14.6%10.4%12.2%12.3%8.6%-
Value Creation
Index
0.80.50.2-0.20.00.0-0.3-0.1-0.1-0.4-

Growth Parameters

Sales 326329334357357261296341369369375
Sales YoY Gr.-0.8%1.7%6.9%-0.1%-26.9%13.4%15.3%8.3%-0.1%-
Adj EPS 15.217.313.613.517.720.517.92425.920.313.9
YoY Gr.-14%-21.4%-0.7%31.3%15.4%-12.4%33.8%7.8%-21.6%-
BVPS (₹) 103.5151.2185.8206.1177.4229299.2276.8328.4342.5330.5
Adj Net
Profit
16.118.414.414.318.821.71925.527.521.515
Cash Flow from Ops. 4.427.1722.330.624.3-3.215.621.312.2-
Debt/CF from Ops. 0.7000000001-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 1.4%0.7%7.6%-0.1%
Adj EPS 3.3%2.7%4.2%-21.6%
BVPS14.2%14.1%4.6%4.3%
Share Price 1.8% -1.7% -7.7% -22.6%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
15.813.68.16.99.310.16.88.38.66.14.1
Op. Profit
Mgn %
7.48.37.46.67.811.59.111.210.78.76.3
Net Profit
Mgn %
4.95.64.345.38.36.47.57.45.93.9
Debt to
Equity
00000000000
Working Cap
Days
9212114614914116615714613414091
Cash Conv.
Cycle
7371717167868987819170

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales326329334357357261296341369368
Operating Expenses + 302301309334329231269303329336
Manufacturing Costs14141515151113172022
Material Costs254253257280269181207236254253
Employee Cost 18192124272633313336
Other Costs 17161715181316192225
Operating Profit 24272523283027384032
Operating Profit Margin (%) 7.4%8.3%7.4%6.5%7.8%11.5%9.1%11.1%10.7%8.7%
Other Income + 5474445677
Exceptional Items 0000000000
Interest 1111101001
Depreciation 3333322678
Profit Before Tax 25282824293129373930
Tax 789787710108
Profit After Tax 18201917212421272923
PAT Margin (%) 5.6%6.2%5.7%4.6%6.0%9.1%7.2%8.0%7.8%6.2%
Adjusted EPS (₹)17.319.118.015.620.022.320.025.827.221.5
Dividend Payout Ratio (%)14.50%18.30%19.40%19.30%0%11.20%12.50%13.60%14.70%18.60%

Valuation of Poddar Pigments - 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 + 110160197219188243317294348363
Share Capital 11111111111111111111
Reserves 99150187208178232307283338353
Debt +31000000012
Long Term Debt0000000000
Short Term Debt31000000012
Minority Interest0000000000
Trade Payables12151314171215211916
Others Liabilities 12586775414458395028
Total Liabilities 137235277308245299391354417419

Fixed Assets

Net Fixed Assets +25272638363598101121123
Gross Block703032474848114123149158
Accumulated Depreciation45369121416222835
CWIP 00008367003
Investments 12568287509112270100100
Inventories37324749514362625766
Trade Receivables51524847414152536865
Cash Equivalents 3129111292353233
Others Assets 8566574484546314030
Total Assets 137235277308245299391354417419

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 4277223124-3162112
PBT 25282824293129373930
Adjustment 31-1201-0534
Changes in Working Capital -176-12491-25-18-14-17
Tax Paid -7-8-8-7-8-8-6-8-7-5
Cash Flow From Investing Activity + -8-14-6-16-26-26-1-0-24-25
Capex -2-50-21-18-18-32-3-26-24
Net Investments -6-9-55-10-83230-3
Others 00-10200022
Cash Flow From Financing Activity + -1-5-3-5-4-0-3-7-07
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -0-0-0-0-0-0-0-0-0-1
Dividend Paid -3-3-1-4-30-3-60-4
Others 2-2-1-1-1000012
Net Cash Flow -58-220-3-78-3-6

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)17.941510.697.9610.4510.977.588.958.986.41
ROCE (%)24.9921.0516.2411.814.4714.5810.4212.2312.258.58
Asset Turnover Ratio2.731.921.461.381.451.080.971.041.11.01
PAT to CFO Conversion(x)0.221.350.371.291.481-0.140.590.720.52
Working Capital Days
Receivable Days43.7052.6048.5042.9039.8050.4050.6049.9052.2057.10
Inventory Days39.4035.5038.7043.6045.4058.3057.4058.9051.6052.90
Payable Days11.1019.9020.2017.8020.9028.9023.702828.9025.10

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

Poddar Pigments Ltd FAQs

The current trading price of Poddar Pigments on 02-Jul-2026 16:59 is ₹245.0.

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 01-Jul-2026 the market cap of Poddar Pigments stood at ₹259.9 Cr

The latest P/E ratio of Poddar Pigments as of 01-Jul-2026 is 17.61.

The latest P/B ratio of Poddar Pigments as of 01-Jul-2026 is 0.74.

The 52-week high of Poddar Pigments is ₹322.0 and the 52-week low is ₹204.2.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Poddar Pigments is ₹375 ( Cr.) .

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

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

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Poddar Pigments Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Poddar Pigments Ltd

Poddar Pigments, an ISO 9001:2015 Quality Management System certified company, is a renowned masterbatches manufacturer in India. The company has been at the forefront of the industry. The company offers a diverse range of top-quality masterbatches that are tailor-made to meet the specific needs of various industries and applications. Its commitment to excellence and innovation sets it apart as a leading masterbatches manufacturer in India and gain a reputation in the global market as a trusted partner for masterbatch requirements. As a renowned masterbatch manufacturer, the company provides a wide selection of masterbatch solutions catering to a multitude of industries and applications. 

The company specializes in the production of Color and additive masterbatches, tailored for the dope- dyeing of man-made fibers (MMF) and various polymer applications, as well as engineering plastics and compounds. The true strength of polymers lies in its incredible versatility, allowing its composition to be fine-tuned to perfectly match its intended use. Beyond the broad selection of available polymer types, the real power of polymers comes from the special characteristics that masterbatches add to their applications. With the benefit of highly customizable formulations, additives and color masterbatches help modify the properties of a polymer to suit a user's specific needs, whether functional or aesthetic. In addition to standard formulations, the company offers a diverse portfolio of ‘smart’ masterbatches that offer various functional enhancements to both textiles and plastics. This differentiated offering is an exciting and forward-looking product segment, setting it apart from many competitors who do not operate across all these areas.

The company was incorporated on November 11, 1991 and obtained a certificate of commencement of business on December 30, 1991 from the Registrar of Companies (ROC) Rajasthan at Jaipur. The company is being promoted by G. S. Poddar and Rajasthan Petro Synthetics Limited.

Business area of the company 

Poddar Pigments is a manufacturer of Color & Additive Masterbatches for dope dyeing of man- made fibers, various plastic applications.

Products offerings

  • Masterbatch for Man-Made Fiber
  • Masterbatches for Plastic Applications
  • Functional and Additive Masterbatches

Milestones/ Achievements

  • 1995: Established production of PP Fiber Grade Masterbatches and PE Masterbatches. Plant Capacity 2400 MT/A. 
  • 1995: Commencement of production of Masterbatches for BOPP Applications.
  • 1996: Diversified into Polyester masterbatches for Fiber applications and PET Bottles.
  • 1997: Established production of Polyester masterbatches for Fibre and PET Bottle applications.
  • 1999: Established production of Nylon Masterbatches for Fiber applications. Enhancement of Plant Capacity (3280 MT/A)
  • 2000: Acquisition of ISO 9002.
  • 2002: Enhancement of Plant Capacity (7000 MT/A).
  • 2003: Up-gradation from ISO 9002:1994 to ISO 9001:2000 Certification Masterbatches for Polyester Automotive & outdoor furniture applications.
  • 2003: Capacity expansion to 6,500 MTA; Diversified into engineering plastic and non-woven.
  • 2004: Accredition as an ‘EXPORT HOUSE’ by Govt. of India
  • 2006: Capacity expansion to 7500 MTA
  • 2007: Accredition as an ‘Star House’ for Export by Govt of India. Enhancement of Plant Capacity (8100 MT)
  • 2008: Capacity expansion to 10,000 MTA
  • 2011: Capacity expansion to 11,500 MTA
  • 2013: Capacity expansion to 13,000 MTA
  • 2017: Capacity expansion to 14,000 MTA
  • 2022: Capacity expansion to 18,000 MTA; New Chaksu Plant
  • 2023-24: Capacity expansion through internal machine productivity enhancements at both the plants.
  • 2025: Capacity expansion to 21,000 MTA

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