Ducol Organics & Colours Ltd.

•

ducol.comBSE: -NSE: DUCOL

Market Cap₹ 208 Cr.

Current Price

High / Low₹ 210 / 90

Stock P/E51.2

Book Value₹ 51

Price to Book2.21

Dividend Yield0.00 %

ROCE8.5 %

ROE6.0 %

Face Value₹ 10

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ABOUT

AI Sector View

AI GENERATED

Chemicals

Hold

The available domestic chemical proxies are mixed to weak. Fertilizers output was -8.0% YoY (2026-07) and sale quantity of fertilisers was 0.0% YoY (2026-05), although that high-frequency barometer is stale. FPI positioning is less negative than before, with net 3-month outflow only INR -11 crore versus INR -1229 crore in the prior 3 months to 2026-08-31, but the weak sector driver argues for a neutral stance.

Confidence

55%

View full sector analysis →

PROS

Strong cash generation - operating cash flow backs reported profits (CFO/PAT 2.32x)
Company generates healthy free cash flow
Company maintains a comfortable, low leverage position

CONS

A large part of profit comes from other income (60.8% of PBT)
Company has a low return on equity of 9.6% over last 3 years
Equity base is being diluted - shares outstanding up 443.1%
Working capital days have increased from 56 to 200 days
Company has delivered a poor sales growth of 1.1% over past five years
Total debt has risen sharply - up 34.1% year on year

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

ChemicalsChemicalsDyes & Pigments

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	SUDARSCHEM	1246.95	137.12	9927.76	0.40	103.40	88.00	2642.10	5.39	5.99	10.29
2.	KIRIINDUS	524.65	0.58	3419.04	0.00	290.70	186.82	312.36	54.54	10.72	11.71
3.	BODALCHEM	145.45	26.67	1831.86	0.00	30.38	218.67	709.04	56.11	5.06	9.72
4.	VIDHIING	341.95	32.08	1707.87	0.44	17.12	34.74	146.28	66.42	18.78	17.78
5.	SHREEPUSHK	468.80	21.04	1515.99	0.45	22.93	9.40	280.07	10.04	11.81	11.40
6.	ULTRAMAR	442.10	14.00	1290.93	1.36	31.59	56.46	239.96	30.14	11.10	18.95
7.	SUDARCOLOR	390.10	2.96	900.42	0.00	20.36	19.13	222.39	5.54	11.00	11.51
8.	DYNPRO	230.05	14.07	285.92	0.65	5.19	7.92	86.43	-6.99	11.27	14.60
9.	PODDARMENT	253.70	17.66	269.18	1.58	46.47	1015.73	901.30	887.64	5.83	5.95
10.	DUCOL	115.00	28.66	207.67	0.00	—	—	—	—	8.53	—
11.	HPIL	122.01	89.76	139.39	0.00	0.25	-86.19	26.76	-38.75	6.36	2.88
12.	ISHANCH	44.00	0.00	120.14	0.00	0.15	-48.33	41.48	154.63	4.08	8.10

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

No quarterly results found

We don't have this information yet. Please check back later.

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	60	55	61	74	73	78	82	91	75	77
	56	50	57	68	68	71	74	78	69	70
Operating Profit	5	5	5	6	5	8	9	13	11	11
OPM %	8	9	8	9	7	10	11	14	15	15
Other Income	1	0	0	0	1	1	1	1	4	4
Interest	3	3	3	3	3	3	3	2	2	2
Depreciation	2	1	1	2	2	1	1	1	3	3
	0	0	1	2	0	3	5	10	6	6
Tax %	228	134	36	3	76	17	28	36	26	25
Net Profit	-0	-0	0	2	0	3	3	6	5	5
EPS	0	0	0	0	0	9	12	4	3	3
Dividend Payout %	0	0	0	0	0	11	0	18	15	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	-0	-0	0	1	0	3	3	4	3	3

COMPOUNDED SALES GROWTH

10 Years:: 1%
5 Years:: 1%
3 Years:: -2%

COMPOUNDED PROFIT GROWTH

10 Years:: 26%
5 Years:: 131%
3 Years:: 10%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: -15%
1 Year:: -30%

RETURN ON EQUITY

10 Years:: 8%
5 Years:: 13%
3 Years:: 10%
Last Year:: 6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	3	3	3	3	3	3	3	15	15	16
	12	12	12	14	11	14	19	45	50	74
	0	1	1	1	6	4	9	0	11	14
Trade Payables	16	16	17	15	20	20	18	13	10	13
	24	23	24	24	22	16	16	18	15	18
Total Liabilities	55	55	58	57	61	57	65	91	100	136
ASSETS	-	-	-	-	-	-	-	-	-	-
	16	15	14	16	16	15	14	17	21	19
Capital Work in Progress	0	2	4	2	4	5	8	11	15	23
	0	0	0	0	0	0	0	0	2	4
	17	18	18	19	22	18	19	21	20	19
	0	0	0	0	0	0	0	0	12	12
Cash & Bank	1	1	1	1	3	2	2	28	6	51
	20	20	21	18	18	17	21	13	25	7
Total Assets	55	55	58	57	61	57	65	91	100	136
Total Debt	19	19	20	22	24	17	20	13	20	27
Net Working Capital	17	17	16	19	13	10	11	41	12	42
Contingent Liabilities	0	0	0	0	0	0	0	218	0	0
Book Value per Share	49.66	49.39	50.98	56.21	46.86	56.33	73.60	40.86	44.20	55.35
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	0	0	0	0	4	10	8	5	12	19
Cash from Investing	0	0	0	0	-1	-1	-4	-27	-8	13
Cash from Financing	0	0	0	0	-2	-9	-4	28	-7	14
	0	0	0	0	1	-0	-0	6	-2	45
Free Cash Flow	-2	-1	-2	-2	2	8	4	-2	3	10
OCF / Net Profit	-0.00	-0.00	0.00	0.00	57.92	3.41	2.29	0.88	2.54	4.01
Cumulative 5-Year FCF	0	0	0	0	-4	5	10	10	15	22

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE
EPS (₹)	-0.96	-0.27	1.59	5.23	0.23	9.38	11.51	4.20	3.30	2.84
Book Value (₹)	49.66	49.39	50.98	56.21	46.86	56.33	73.60	40.86	44.20	55.35
Dividend per Share (₹)	0.00	0.00	0.00	0.00	0.00	1.00	0.00	0.75	0.50	0.00
Cash EPS (₹)	1.28	1.34	1.70	3.23	1.67	3.78	4.40	5.15	5.11	4.45
PROFITABILITY
Operating Margin %	7.55%	8.03%	7.48%	8.70%	7.16%	9.72%	10.69%	14.33%	9.08%	9.67%
Net Margin %	-0.43%	-0.13%	0.76%	2.11%	0.10%	3.61%	4.20%	6.74%	6.37%	5.98%
ROE %	-1.91%	-0.54%	3.16%	9.76%	0.45%	18.18%	17.72%	15.00%	7.77%	5.99%
ROCE %	10.03%	10.07%	9.92%	12.53%	9.25%	18.00%	20.21%	20.35%	10.83%	8.53%
	-0.51%	-0.15%	0.84%	2.73%	0.12%	4.75%	5.66%	7.84%	5.03%	3.92%
EFFICIENCY
Debtor Days	56	56	52	44	48	47	59	54	54	57
Inventory Days	99	107	105	90	101	92	81	80	99	92
Payable Days	182	106	12	8	86	158	130	103	93	87
	-28	56	145	126	63	-19	10	31	59	62
FINANCIAL HEALTH
Debt to Equity (x)	1.27x	1.26x	1.29x	1.32x	1.69x	0.98x	0.90x	0.22x	0.32x	0.30x
Interest Coverage (x)	1.07x	1.07x	1.28x	1.53x	1.09x	2.12x	2.72x	5.55x	4.16x	3.55x
	1.88x	1.80x	1.70x	2.03x	1.46x	1.41x	1.36x	3.18x	1.43x	2.01x
GROWTH
Revenue Growth %	-16.82%	-8.30%	11.12%	21.92%	-1.64%	6.48%	5.62%	10.25%	-16.89%	2.58%
Operating Profit Growth %	-24.76%	-3.24%	-3.45%	37.50%	-19.04%	44.53%	16.09%	47.82%	-14.53%	1.22%
Net Profit Growth %	-164.92%	72.17%	696.03%	229.88%	-95.54%	3920.43%	22.74%	76.94%	-21.39%	-3.75%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-21.39%	-14.11%
VALUATION
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	27.27x	43.11x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	2.04x	2.21x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.55%	0.00%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	13.12x	15.62x

Shareholding Pattern

Numbers in percentages

	Mar 2023	Sep 2023	Mar 2024	Sep 2024	Mar 2025	Jun 2025	Sep 2025	Mar 2026
	57.38	57.38	57.38	57.38	51.33	51.33	51.33	51.33
FIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.06
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	42.62	42.62	42.62	42.62	48.67	48.67	48.67	48.60

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

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