Ultramarine & Pigments Limited
BSE: ULTRAMAR · Dyes And Pigments
Snapshot
Unlock Ultramarine & Pigments Limited's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Ultramarine & Pigments Ltd. is a diversified Indian company operating primarily in the manufacturing of surfactants and pigments, alongside providing information technology-enabled services and business process outsourcing. The company also maintains a presence in the renewable energy sector through its windmill operations.
Business Model
The company generates revenue through the sale of chemical products, specifically pigments and laundry-related surfactants, and by providing BPO and IT-enabled services. Additionally, it derives income from the generation and sale of wind energy.
Growth Outlook
Growth is driven by the sustained demand for industrial pigments and surfactants, alongside the expansion of its service-based IT and BPO divisions. The company continues to leverage its windmill assets to support operational sustainability.
Key Risks
- Raw Material Price Volatility. Fluctuations in the cost of chemical feedstocks can significantly impact the profit margins of the pigments and surfactants division.
- Regulatory and Environmental Compliance. The chemical manufacturing sector is subject to stringent environmental regulations that may necessitate increased capital expenditure.
- IT Sector Competition. The company faces intense competition in the IT-enabled services and BPO market, which may pressure pricing and service margins.
- Dependency on Wind Conditions. Revenue from the windmill segment is inherently variable and dependent on favourable climatic conditions for power generation.
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Peers · Dyes And Pigments
| Company | Mkt Cap | P/E (TTM) | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Ultramarine & Pigments LimitedULTRAMAR | ₹1,282 Cr | — | — | — | 18.9% | 8.1% | 10.3% | -12.0% |
Bodal ChemicalsBODALCHEM | ₹2,513 Cr | 34.8× | 14.57 | 27.6% | 10.0% | 6.1% | 9.9% | +206.8% |
Shree Pushkar Chemicals & Fertilisers LimitedSHREEPUSHK | ₹1,603 Cr | 22.1× | 14.78 | 15.6% | 11.7% | 12.5% | 14.7% | +10.4% |
Bhageria Industries LimitedBHAGERIA | ₹1,535 Cr | 24.2× | 12.41 | 56.8% | 13.1% | 11.7% | 14.7% | +120.5% |
Sudarshan Colorants India LimitedSUDARCOLOR | ₹902 Cr | 17.8× | 8.62 | — | 11.2% | 8.7% | 11.1% | — |
Asahi Songwon Colors LimitedASAHISONG | ₹451 Cr | 12.6× | 7.65 | -0.6% | 13.4% | 13.0% | 16.1% | +34.2% |
As of Q1 FY26
Financials
Ultramarine & Pigments Limited
BSE: ULTRAMAR · Dyes And Pigments
Snapshot
Unlock Ultramarine & Pigments Limited's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Ultramarine & Pigments Ltd. is a diversified Indian company operating primarily in the manufacturing of surfactants and pigments, alongside providing information technology-enabled services and business process outsourcing. The company also maintains a presence in the renewable energy sector through its windmill operations.
Business Model
The company generates revenue through the sale of chemical products, specifically pigments and laundry-related surfactants, and by providing BPO and IT-enabled services. Additionally, it derives income from the generation and sale of wind energy.
Growth Outlook
Growth is driven by the sustained demand for industrial pigments and surfactants, alongside the expansion of its service-based IT and BPO divisions. The company continues to leverage its windmill assets to support operational sustainability.
Key Risks
- Raw Material Price Volatility. Fluctuations in the cost of chemical feedstocks can significantly impact the profit margins of the pigments and surfactants division.
- Regulatory and Environmental Compliance. The chemical manufacturing sector is subject to stringent environmental regulations that may necessitate increased capital expenditure.
- IT Sector Competition. The company faces intense competition in the IT-enabled services and BPO market, which may pressure pricing and service margins.
- Dependency on Wind Conditions. Revenue from the windmill segment is inherently variable and dependent on favourable climatic conditions for power generation.
Start your research today
Unlock AI insights, financials, peers and live data on Ultramarine & Pigments Limited and 5,000+ companies — free.
Key Metrics
P/E
15.1x
Q1 FY26 · consolidated
EV/EBITDA
9.6x
Q1 FY26 · consolidated
NET PROFIT MARGIN
13.2%
Q1 FY27 · consolidated
DEBT TO EQUITY
0.1x
Q1 FY27 · consolidated
Peers · Dyes And Pigments
As of Q1 FY26