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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
₹253.05 -0.65 (-0.26%)
As on 03-Sep'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
₹253.05 -0.65 (-0.26%)
As on 03-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹273 Cr.
Current Price
₹253.1
52-Week Low / High
₹204 / 320
TTM EPS
₹14.4
TTM Sales
₹374 Cr.
Book Value per Share
₹334.8
P/E Ratio
17.90
Higher than its 5-year historical median
Industry PE
3.8
Price to Book (P/B)
0.77
Lower than its 5-year historical median
Price to Sales (P/S)
0.73
Lower than its 5-year historical median
EV/EBITDA
8.53
Higher than its 5-year historical median
Dividend Yield
1.58%
Profitability Efficiency
Return on Equity (ROE)
4.13%
Underperforms industry median
Return on Capital Employed (ROCE)
5.83%
Underperforms industry median
Return on Assets (ROA)
3.54%
Operating Profit Margin
8%
Net Profit Margin
3.94%
Gross Profit Margin
6.9%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
1.73%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-25.5%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-35.32%
Asset Quality
Promoter Holding
62.43%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹345 Cr.
Equity
₹10.6 Cr.
Face Value
₹10
All Time Low / High
₹1.25 / 475.75
Check Before You Invest
Quality
Somewhat GoodValuation
Somewhat UndervaluedCheck Valuation charts
Price Trend
Semi Strong
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?
Revenue growth of Poddar Pigments Ltd vs industry peers?
Poddar Pigments Ltd revenue CAGR is 7.53%, compared to the industry median CAGR of 5.89%, indicating faster growth and gaining its market share.
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.
Stock return of Poddar Pigments Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 2.5% 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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 21.1% | 16.2% | 11.8% | 14.5% | 14.6% | 10.4% | 12.2% | 12.3% | 8.6% | 5.8% | - |
| Value Creation Index ⓘ | 0.5 | 0.2 | -0.2 | 0.0 | 0.0 | -0.3 | -0.1 | -0.1 | -0.4 | -0.6 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 329 | 334 | 357 | 357 | 261 | 296 | 341 | 369 | 369 | 375 | 374 |
| Sales YoY Gr. | - | 1.7% | 6.9% | -0.1% | -26.9% | 13.4% | 15.3% | 8.3% | -0.1% | 1.7% | - |
| Adj EPS ⓘ | 17.3 | 13.6 | 13.5 | 17.7 | 20.5 | 17.9 | 24 | 25.9 | 20.3 | 15.3 | 14.4 |
| YoY Gr. | - | -21.4% | -0.7% | 31.3% | 15.4% | -12.4% | 33.8% | 7.8% | -21.6% | -24.9% | - |
| BVPS (₹) ⓘ | 151.2 | 185.8 | 206.1 | 177.4 | 229 | 299.2 | 276.8 | 328.4 | 342.5 | 330.5 | 334.8 |
| Adj Net Profit ⓘ | 18.4 | 14.4 | 14.3 | 18.8 | 21.7 | 19 | 25.5 | 27.5 | 21.5 | 16.2 | 15 |
| Cash Flow from Ops. ⓘ | 27.1 | 7 | 22.3 | 30.6 | 24.3 | -3.2 | 15.6 | 21.3 | 12.2 | 55.2 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0.1 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 1.5% | 7.5% | 3.2% | 1.7% | ||||
| Adj EPS ⓘ | -1.4% | -5.7% | -14% | -24.9% | ||||
| BVPSⓘ | 9.1% | 7.6% | 6.1% | -3.5% | ||||
| Share Price | 2.2% | -5.8% | -11.7% | -7% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 13.6 | 8.1 | 6.9 | 9.3 | 10.1 | 6.8 | 8.3 | 8.6 | 6.1 | 4.5 | 4.3 |
| Op. Profit Mgn % ⓘ | 8.3 | 7.4 | 6.6 | 7.8 | 11.5 | 9.1 | 11.2 | 10.7 | 8.7 | 8 | 6 |
| Net Profit Mgn % ⓘ | 5.6 | 4.3 | 4 | 5.3 | 8.3 | 6.4 | 7.5 | 7.4 | 5.9 | 4.3 | 4.1 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 121 | 146 | 149 | 141 | 166 | 157 | 146 | 134 | 140 | 141 | 91 |
| Cash Conv. Cycle ⓘ | 71 | 71 | 71 | 67 | 86 | 89 | 87 | 81 | 91 | 96 | 70 |
Valuation of Poddar Pigments - Standalone
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 329 | 334 | 357 | 357 | 261 | 296 | 341 | 369 | 368 | 375 |
| Operating Expenses ⓘ + | 301 | 309 | 334 | 329 | 231 | 269 | 303 | 329 | 336 | 351 |
| Operating Profit ⓘ | 27 | 25 | 23 | 28 | 30 | 27 | 38 | 40 | 32 | 24 |
| Operating Profit Margin (%) | 8.3% | 7.4% | 6.5% | 7.8% | 11.5% | 9.1% | 11.1% | 10.7% | 8.7% | 6.4% |
| Other Income ⓘ + | 4 | 7 | 4 | 4 | 4 | 5 | 6 | 7 | 7 | 7 |
| Interest ⓘ | 1 | 1 | 1 | 1 | 0 | 1 | 0 | 0 | 1 | 1 |
| Depreciation ⓘ | 3 | 3 | 3 | 3 | 2 | 2 | 6 | 7 | 8 | 9 |
| Profit Before Tax ⓘ | 28 | 28 | 24 | 29 | 31 | 29 | 37 | 39 | 30 | 20 |
| Tax ⓘ | 8 | 9 | 7 | 8 | 7 | 7 | 10 | 10 | 8 | 5 |
| Profit After Tax | 20 | 19 | 17 | 21 | 24 | 21 | 27 | 29 | 23 | 15 |
| PAT Margin (%) | 6.2% | 5.7% | 4.6% | 6.0% | 9.1% | 7.2% | 8.0% | 7.8% | 6.2% | 3.9% |
| Adjusted EPS (₹) | 19.1 | 18.0 | 15.6 | 20.0 | 22.3 | 20.0 | 25.8 | 27.2 | 21.5 | 13.9 |
| Dividend Payout Ratio (%) | 18.30% | 19.40% | 19.30% | 0% | 11.20% | 12.50% | 13.60% | 14.70% | 18.60% | 28.80% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 160 | 197 | 219 | 188 | 243 | 317 | 294 | 348 | 363 | 351 | |
| Debt + | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12 | 6 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 15 | 13 | 14 | 17 | 12 | 15 | 21 | 19 | 16 | 31 | |
| Others Liabilities ⓘ | 58 | 67 | 75 | 41 | 44 | 58 | 39 | 50 | 28 | 26 | |
| Total Liabilities ⓘ | 235 | 277 | 308 | 245 | 299 | 391 | 354 | 417 | 419 | 414 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 27 | 26 | 38 | 36 | 35 | 98 | 101 | 121 | 123 | 159 | |
| CWIP ⓘ | 0 | 0 | 0 | 8 | 36 | 7 | 0 | 0 | 3 | 0 | |
| Investments ⓘ | 56 | 82 | 87 | 50 | 91 | 122 | 70 | 100 | 100 | 80 | |
| Inventories | 32 | 47 | 49 | 51 | 43 | 62 | 62 | 57 | 66 | 68 | |
| Trade Receivables | 52 | 48 | 47 | 41 | 41 | 52 | 53 | 68 | 65 | 87 | |
| Cash Equivalents | 12 | 9 | 11 | 12 | 9 | 2 | 35 | 32 | 33 | 5 | |
| Others Assets ⓘ | 56 | 65 | 74 | 48 | 45 | 46 | 31 | 40 | 30 | 15 | |
| Total Assets ⓘ | 235 | 277 | 308 | 245 | 299 | 391 | 354 | 417 | 419 | 414 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 27 | 7 | 22 | 31 | 24 | -3 | 16 | 21 | 12 | 55 |
| Cash Flow From Investing Activity ⓘ + | -14 | -6 | -16 | -26 | -26 | -1 | -0 | -24 | -25 | -41 |
| Cash Flow From Financing Activity ⓘ + | -5 | -3 | -5 | -4 | -0 | -3 | -7 | -0 | 7 | -12 |
| Net Cash Flow ⓘ | 8 | -2 | 2 | 0 | -3 | -7 | 8 | -3 | -6 | 3 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 15 | 10.69 | 7.96 | 10.45 | 10.97 | 7.58 | 8.95 | 8.98 | 6.41 | 4.13 |
| ROCE (%) | 21.05 | 16.24 | 11.8 | 14.47 | 14.58 | 10.42 | 12.23 | 12.25 | 8.58 | 5.83 |
| Asset Turnover Ratio | 1.92 | 1.46 | 1.38 | 1.45 | 1.08 | 0.97 | 1.04 | 1.1 | 1.01 | 1.03 |
| PAT to CFO Conversion(x) | 1.35 | 0.37 | 1.29 | 1.48 | 1 | -0.14 | 0.59 | 0.72 | 0.52 | 3.67 |
| Working Capital Days | ||||||||||
| Receivable Days | 52.60 | 48.50 | 42.90 | 39.80 | 50.40 | 50.60 | 49.90 | 52.20 | 57.10 | 64.50 |
| Inventory Days | 35.50 | 38.70 | 43.60 | 45.40 | 58.30 | 57.40 | 58.90 | 51.60 | 52.90 | 56.90 |
| Payable Days | 19.90 | 20.20 | 17.80 | 20.90 | 28.90 | 23.70 | 28 | 28.90 | 25.10 | 33.40 |
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Poddar Pigments Ltd FAQs
The current trading price of Poddar Pigments on 03-Sep-2026 16:59 is ₹253.1.
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 02-Sep-2026 the market cap of Poddar Pigments stood at ₹272.8 Cr
The latest P/E ratio of Poddar Pigments as of 02-Sep-2026 is 17.90.
The latest P/B ratio of Poddar Pigments as of 02-Sep-2026 is 0.77.
The 52-week high of Poddar Pigments is ₹320.1 and the 52-week low is ₹204.2.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Poddar Pigments is ₹374 ( 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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