Ultramarine & Pigments Ltd.

•

₹ 419.40.05%

2026-08-21

ultramarinepigments.netBSE: 506685NSE: ULTRAMAR

Market Cap₹ 1,168 Cr.

Current Price₹ 419

High / Low₹ 456 / 364

Stock P/E12.7

Book Value₹ 309

Price to Book1.23

Dividend Yield1.50 %

ROCE11.1 %

ROE8.8 %

Face Value₹ 2

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Laundry & Allied Products: 92.5% • IT Enabled Services: 6.7% • Windmill: 0.8%

PROS

Company is almost debt free
Company has consistently been profitable over the last 5 years
Latest quarter profit grew 56.5% YoY, showing strong momentum
Company has delivered good sales growth of 20.2% CAGR over last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.39x)

CONS

Company has a low return on equity of 7.9% over last 3 years
Company has a low return on capital employed of 10.3%
Company has delivered a poor profit growth of 7.7% over past five years
Operating margins have contracted to 15.7% from 20.3%
Expensive relative to growth - PEG of 2.4

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

Peer comparison

EDIT COLUMNS

ChemicalsChemicalsDyes & Pigments

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

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	SUDARSCHEM	1136.15	124.93	9044.61	0.44	103.40	88.00	2642.10	5.39	5.99	10.29
2.	KIRIINDUS	430.95	0.48	2808.41	0.00	290.70	186.82	312.36	54.54	10.72	11.71
3.	VIDHIING	313.60	29.42	1566.28	0.48	17.12	34.74	146.28	66.42	18.78	17.78
4.	SHREEPUSHK	385.05	17.28	1245.16	0.55	22.93	9.40	280.07	10.04	11.81	11.40
5.	ULTRAMAR	400.00	12.67	1168.00	1.50	31.59	56.46	239.96	30.14	11.10	18.95
6.	DYNPRO	225.50	13.79	280.26	0.67	5.19	7.92	86.43	-6.99	10.00	14.60
7.	PODDARMENT	247.45	0.00	262.54	1.62	4.65	11.71	90.13	-1.24	8.58	5.95
8.	HPIL	131.04	96.41	149.70	0.00	0.25	-86.19	26.76	-38.75	6.36	2.88
9.	ISHANCH	47.92	0.00	130.84	0.00	1.55	409.87	414.80	2446.66	4.08	8.10

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	131	146	148	136	161	161	179	195	184	196	196	199	240
	104	122	125	116	134	134	142	166	153	164	161	173	203
Operating Profit	—	—	—	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Income	2	5	2	2	3	4	2	3	3	2	3	3	6
Interest	2	2	2	2	2	2	2	2	2	2	1	2	1
Depreciation	5	5	6	6	6	6	6	7	6	7	7	7	7
	22	22	17	14	22	24	30	23	27	26	34	18	42
Tax %	25.19%	21.45%	25.07%	23.56%	25.02%	23.05%	24.60%	25.94%	23.95%	24.99%	20.16%	23.01%	25.46%
Net Profit	0	0	0	0	17	19	23	17	20	19	27	14	32
	6	6	4	4	6	6	8	6	7	7	9	5	1
Equity Capital	6	6	6	6	6	6	6	6	6	6	6	6	6
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	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%
Equity Capital	6	6	6	6	6	6	6	6	6	6	6	6	6
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	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%

Jun 2023

: 131
: 104
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 2
Depreciation: 5
: 22
Tax %: 25.19%
Net Profit: 0
: 6
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2023

: 146
: 122
Operating Profit: —
OPM %: —
Other Income: 5
Interest: 2
Depreciation: 5
: 22
Tax %: 21.45%
Net Profit: 0
: 6
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2023

: 148
: 125
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 2
Depreciation: 6
: 17
Tax %: 25.07%
Net Profit: 0
: 4
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2024

: 136
: 116
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 2
Depreciation: 6
: 14
Tax %: 23.56%
Net Profit: 0
: 4
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2024

: 161
: 134
Operating Profit: —
OPM %: —
Other Income: 3
Interest: 2
Depreciation: 6
: 22
Tax %: 25.02%
Net Profit: 17
: 6
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2024

: 161
: 134
Operating Profit: —
OPM %: —
Other Income: 4
Interest: 2
Depreciation: 6
: 24
Tax %: 23.05%
Net Profit: 19
: 6
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2024

: 179
: 142
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 2
Depreciation: 6
: 30
Tax %: 24.60%
Net Profit: 23
: 8
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 195
: 166
Operating Profit: —
OPM %: —
Other Income: 3
Interest: 2
Depreciation: 7
: 23
Tax %: 25.94%
Net Profit: 17
: 6
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2025

: 184
: 153
Operating Profit: —
OPM %: —
Other Income: 3
Interest: 2
Depreciation: 6
: 27
Tax %: 23.95%
Net Profit: 20
: 7
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2025

: 196
: 164
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 2
Depreciation: 7
: 26
Tax %: 24.99%
Net Profit: 19
: 7
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 196
: 161
Operating Profit: —
OPM %: —
Other Income: 3
Interest: 1
Depreciation: 7
: 34
Tax %: 20.16%
Net Profit: 27
: 9
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 199
: 173
Operating Profit: —
OPM %: —
Other Income: 3
Interest: 2
Depreciation: 7
: 18
Tax %: 23.01%
Net Profit: 14
: 5
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 240
: 203
Operating Profit: —
OPM %: —
Other Income: 6
Interest: 1
Depreciation: 7
: 42
Tax %: 25.46%
Net Profit: 32
: 1
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	306	308	490	557	561	695	775	830
	230	232	406	455	466	576	653	701
Operating Profit	88	85	93	113	105	131	136	—
OPM %	29	28	19	20	19	19	18	—
Other Income	12	10	9	12	10	12	15	15
Interest	2	2	4	5	7	7	7	6
Depreciation	9	9	12	17	22	24	27	28
	78	75	78	91	76	100	105	120
Tax %	20	26	25	24	24	25	23	23
Net Profit	62	56	58	69	58	75	81	92
EPS	0	19	20	24	20	26	28	—
Dividend Payout %	24	26	25	21	25	23	22	—
Minority Interest	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0
Adjusted EPS	21	19	20	24	20	26	28	—
Minority Interest	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0
Adjusted EPS	21	19	20	24	20	26	28	—

Mar 2020

: 306
: 230
Operating Profit: 88
OPM %: 29
Other Income: 12
Interest: 2
Depreciation: 9
: 78
Tax %: 20
Net Profit: 62
EPS: 0
Dividend Payout %: 24
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 21
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 21

Mar 2021

: 308
: 232
Operating Profit: 85
OPM %: 28
Other Income: 10
Interest: 2
Depreciation: 9
: 75
Tax %: 26
Net Profit: 56
EPS: 19
Dividend Payout %: 26
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 19
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 19

Mar 2022

: 490
: 406
Operating Profit: 93
OPM %: 19
Other Income: 9
Interest: 4
Depreciation: 12
: 78
Tax %: 25
Net Profit: 58
EPS: 20
Dividend Payout %: 25
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 20
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 20

Mar 2023

: 557
: 455
Operating Profit: 113
OPM %: 20
Other Income: 12
Interest: 5
Depreciation: 17
: 91
Tax %: 24
Net Profit: 69
EPS: 24
Dividend Payout %: 21
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 24
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 24

Mar 2024

: 561
: 466
Operating Profit: 105
OPM %: 19
Other Income: 10
Interest: 7
Depreciation: 22
: 76
Tax %: 24
Net Profit: 58
EPS: 20
Dividend Payout %: 25
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 20
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 20

Mar 2025

: 695
: 576
Operating Profit: 131
OPM %: 19
Other Income: 12
Interest: 7
Depreciation: 24
: 100
Tax %: 25
Net Profit: 75
EPS: 26
Dividend Payout %: 23
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 26
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 26

Mar 2026

: 775
: 653
Operating Profit: 136
OPM %: 18
Other Income: 15
Interest: 7
Depreciation: 27
: 105
Tax %: 23
Net Profit: 81
EPS: 28
Dividend Payout %: 22
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 28
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 28

TTM

: 830
: 701
Operating Profit: —
OPM %: —
Other Income: 15
Interest: 6
Depreciation: 28
: 120
Tax %: 23
Net Profit: 92
EPS: —
Dividend Payout %: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: 20%
3 Years:: 12%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: 8%
3 Years:: 5%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: —

RETURN ON EQUITY

10 Years:: —
5 Years:: 8%
3 Years:: 8%
Last Year:: 9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
LIABILITIES	-	-	-	-	-	-	-
Equity Capital	6	6	6	6	6	6	6
	297	455	854	730	894	967	864
	0	1	6	11	1	0	0
Trade Payables	29	36	40	41	56	52	84
	50	161	167	169	211	263	276
Total Liabilities	381	659	1,072	957	1,168	1,289	1,231
ASSETS	-	-	-	-	-	-	-
	91	119	152	238	281	334	373
Capital Work in Progress	35	30	69	29	29	26	30
	105	194	551	366	492	513	376
	34	37	72	88	90	88	107
	0	0	0	0	58	81	80
Cash & Bank	20	72	30	36	45	60	53
	95	208	198	201	173	185	211
Total Assets	381	659	1,072	957	1,168	1,289	1,231
Total Debt	20	36	48	66	71	86	79
Net Working Capital	121	164	145	168	177	191	154
Contingent Liabilities	9	22	21	28	22	8	7
Book Value per Share	103.59	157.90	294.36	251.93	308.07	333.30	297.90
Face Value	2.00	2.00	2.00	2.00	2.00	2.00	2.00
Total Debt	20	36	48	66	71	86	79
Net Working Capital	121	164	145	168	177	191	154
Contingent Liabilities	9	22	21	28	22	8	7
Book Value per Share	103.59	157.90	294.36	251.93	308.07	333.30	297.90
Face Value	2.00	2.00	2.00	2.00	2.00	2.00	2.00

Mar 2020

Equity Capital: 6
: 297
: 0
Trade Payables: 29
: 50
Total Liabilities: 381
: 91
Capital Work in Progress: 35
: 105
: 34
: 0
Cash & Bank: 20
: 95
Total Assets: 381
Total Debt: 20
Net Working Capital: 121
Contingent Liabilities: 9
Book Value per Share: 103.59
Face Value: 2.00
Total Debt: 20
Net Working Capital: 121
Contingent Liabilities: 9
Book Value per Share: 103.59
Face Value: 2.00

Mar 2021

Equity Capital: 6
: 455
: 1
Trade Payables: 36
: 161
Total Liabilities: 659
: 119
Capital Work in Progress: 30
: 194
: 37
: 0
Cash & Bank: 72
: 208
Total Assets: 659
Total Debt: 36
Net Working Capital: 164
Contingent Liabilities: 22
Book Value per Share: 157.90
Face Value: 2.00
Total Debt: 36
Net Working Capital: 164
Contingent Liabilities: 22
Book Value per Share: 157.90
Face Value: 2.00

Mar 2022

Equity Capital: 6
: 854
: 6
Trade Payables: 40
: 167
Total Liabilities: 1,072
: 152
Capital Work in Progress: 69
: 551
: 72
: 0
Cash & Bank: 30
: 198
Total Assets: 1,072
Total Debt: 48
Net Working Capital: 145
Contingent Liabilities: 21
Book Value per Share: 294.36
Face Value: 2.00
Total Debt: 48
Net Working Capital: 145
Contingent Liabilities: 21
Book Value per Share: 294.36
Face Value: 2.00

Mar 2023

Equity Capital: 6
: 730
: 11
Trade Payables: 41
: 169
Total Liabilities: 957
: 238
Capital Work in Progress: 29
: 366
: 88
: 0
Cash & Bank: 36
: 201
Total Assets: 957
Total Debt: 66
Net Working Capital: 168
Contingent Liabilities: 28
Book Value per Share: 251.93
Face Value: 2.00
Total Debt: 66
Net Working Capital: 168
Contingent Liabilities: 28
Book Value per Share: 251.93
Face Value: 2.00

Mar 2024

Equity Capital: 6
: 894
: 1
Trade Payables: 56
: 211
Total Liabilities: 1,168
: 281
Capital Work in Progress: 29
: 492
: 90
: 58
Cash & Bank: 45
: 173
Total Assets: 1,168
Total Debt: 71
Net Working Capital: 177
Contingent Liabilities: 22
Book Value per Share: 308.07
Face Value: 2.00
Total Debt: 71
Net Working Capital: 177
Contingent Liabilities: 22
Book Value per Share: 308.07
Face Value: 2.00

Mar 2025

Equity Capital: 6
: 967
: 0
Trade Payables: 52
: 263
Total Liabilities: 1,289
: 334
Capital Work in Progress: 26
: 513
: 88
: 81
Cash & Bank: 60
: 185
Total Assets: 1,289
Total Debt: 86
Net Working Capital: 191
Contingent Liabilities: 8
Book Value per Share: 333.30
Face Value: 2.00
Total Debt: 86
Net Working Capital: 191
Contingent Liabilities: 8
Book Value per Share: 333.30
Face Value: 2.00

Mar 2026

Equity Capital: 6
: 864
: 0
Trade Payables: 84
: 276
Total Liabilities: 1,231
: 373
Capital Work in Progress: 30
: 376
: 107
: 80
Cash & Bank: 53
: 211
Total Assets: 1,231
Total Debt: 79
Net Working Capital: 154
Contingent Liabilities: 7
Book Value per Share: 297.90
Face Value: 2.00
Total Debt: 79
Net Working Capital: 154
Contingent Liabilities: 7
Book Value per Share: 297.90
Face Value: 2.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	48	58	29	62	78	90	128
Cash from Investing	-39	-20	-63	-55	-51	-42	-148
Cash from Financing	-16	13	-7	-2	-18	-33	-31
	-7	50	-40	5	9	15	-51
Free Cash Flow	48	31	-55	1	17	18	65
OCF / Net Profit	0.77	1.04	0.50	0.89	1.36	1.20	1.59
Cumulative 5-Year FCF	0	0	0	0	0	12	46
OCF / Net Profit	0.77	1.04	0.50	0.89	1.36	1.20	1.59
Cumulative 5-Year FCF	0	0	0	0	0	12	46

Mar 2020

: 48
Cash from Investing: -39
Cash from Financing: -16
: -7
Free Cash Flow: 48
OCF / Net Profit: 0.77
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.77
Cumulative 5-Year FCF: 0

Mar 2021

: 58
Cash from Investing: -20
Cash from Financing: 13
: 50
Free Cash Flow: 31
OCF / Net Profit: 1.04
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.04
Cumulative 5-Year FCF: 0

Mar 2022

: 29
Cash from Investing: -63
Cash from Financing: -7
: -40
Free Cash Flow: -55
OCF / Net Profit: 0.50
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.50
Cumulative 5-Year FCF: 0

Mar 2023

: 62
Cash from Investing: -55
Cash from Financing: -2
: 5
Free Cash Flow: 1
OCF / Net Profit: 0.89
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.89
Cumulative 5-Year FCF: 0

Mar 2024

: 78
Cash from Investing: -51
Cash from Financing: -18
: 9
Free Cash Flow: 17
OCF / Net Profit: 1.36
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.36
Cumulative 5-Year FCF: 0

Mar 2025

: 90
Cash from Investing: -42
Cash from Financing: -33
: 15
Free Cash Flow: 18
OCF / Net Profit: 1.20
Cumulative 5-Year FCF: 12
OCF / Net Profit: 1.20
Cumulative 5-Year FCF: 12

Mar 2026

: 128
Cash from Investing: -148
Cash from Financing: -31
: -51
Free Cash Flow: 65
OCF / Net Profit: 1.59
Cumulative 5-Year FCF: 46
OCF / Net Profit: 1.59
Cumulative 5-Year FCF: 46

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
PER SHARE	-	-	-	-	-	-	-
EPS (₹)	21.24	19.11	19.97	23.70	19.72	25.70	27.66
Book Value (₹)	103.59	157.90	294.36	251.93	308.07	333.30	297.90
Dividend per Share (₹)	5.00	5.00	5.00	5.00	5.00	6.00	6.00
Cash EPS (₹)	24.19	22.11	24.04	29.49	27.30	33.97	37.00
PROFITABILITY	-	-	-	-	-	-	-
Operating Margin %	28.73%	27.71%	18.99%	20.28%	16.86%	17.07%	15.69%
Net Margin %	20.25%	18.10%	11.89%	12.43%	10.27%	10.80%	10.43%
ROE %	20.50%	14.61%	8.83%	8.68%	7.04%	8.01%	8.76%
ROCE %	24.59%	18.70%	11.57%	11.23%	9.35%	10.53%	11.10%
	16.26%	10.73%	6.74%	6.82%	5.42%	6.11%	6.41%
EFFICIENCY	-	-	-	-	-	-	-
Debtor Days	47	49	31	27	33	36	38
Inventory Days	40	42	40	53	58	47	46
Payable Days	80	83	49	52	60	51	56
	7	9	22	28	32	32	28
FINANCIAL HEALTH	-	-	-	-	-	-	-
Debt to Equity (x)	0.07x	0.08x	0.06x	0.09x	0.08x	0.09x	0.09x
Interest Coverage (x)	45.74x	46.01x	22.33x	18.96x	11.42x	14.69x	16.38x
	3.74x	3.29x	2.79x	2.83x	2.93x	2.93x	2.05x
GROWTH	-	-	-	-	-	-	-
Revenue Growth %	0.00%	0.66%	59.12%	13.50%	0.73%	23.91%	11.52%
Operating Profit Growth %	0.00%	-2.93%	9.07%	21.18%	-7.05%	24.85%	4.09%
Net Profit Growth %	0.00%	-10.03%	4.51%	18.69%	-16.77%	30.30%	7.63%
	0.00%	0.00%	0.00%	0.00%	-16.77%	30.30%	7.63%
VALUATION	-	-	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x	16.80x	18.47x	13.25x
P/B (x)	0.00x	0.00x	0.00x	0.00x	1.08x	1.42x	1.23x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	1.51%	1.26%	1.64%
	0.00x	0.00x	0.00x	0.00x	9.47x	10.78x	8.04x

Mar 2020

EPS (₹): 21.24
Book Value (₹): 103.59
Dividend per Share (₹): 5.00
Cash EPS (₹): 24.19
Operating Margin %: 28.73%
Net Margin %: 20.25%
ROE %: 20.50%
ROCE %: 24.59%
: 16.26%
Debtor Days: 47
Inventory Days: 40
Payable Days: 80
: 7
Debt to Equity (x): 0.07x
Interest Coverage (x): 45.74x
: 3.74x
Revenue Growth %: 0.00%
Operating Profit Growth %: 0.00%
Net Profit Growth %: 0.00%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): 19.11
Book Value (₹): 157.90
Dividend per Share (₹): 5.00
Cash EPS (₹): 22.11
Operating Margin %: 27.71%
Net Margin %: 18.10%
ROE %: 14.61%
ROCE %: 18.70%
: 10.73%
Debtor Days: 49
Inventory Days: 42
Payable Days: 83
: 9
Debt to Equity (x): 0.08x
Interest Coverage (x): 46.01x
: 3.29x
Revenue Growth %: 0.66%
Operating Profit Growth %: -2.93%
Net Profit Growth %: -10.03%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): 19.97
Book Value (₹): 294.36
Dividend per Share (₹): 5.00
Cash EPS (₹): 24.04
Operating Margin %: 18.99%
Net Margin %: 11.89%
ROE %: 8.83%
ROCE %: 11.57%
: 6.74%
Debtor Days: 31
Inventory Days: 40
Payable Days: 49
: 22
Debt to Equity (x): 0.06x
Interest Coverage (x): 22.33x
: 2.79x
Revenue Growth %: 59.12%
Operating Profit Growth %: 9.07%
Net Profit Growth %: 4.51%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 23.70
Book Value (₹): 251.93
Dividend per Share (₹): 5.00
Cash EPS (₹): 29.49
Operating Margin %: 20.28%
Net Margin %: 12.43%
ROE %: 8.68%
ROCE %: 11.23%
: 6.82%
Debtor Days: 27
Inventory Days: 53
Payable Days: 52
: 28
Debt to Equity (x): 0.09x
Interest Coverage (x): 18.96x
: 2.83x
Revenue Growth %: 13.50%
Operating Profit Growth %: 21.18%
Net Profit Growth %: 18.69%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 19.72
Book Value (₹): 308.07
Dividend per Share (₹): 5.00
Cash EPS (₹): 27.30
Operating Margin %: 16.86%
Net Margin %: 10.27%
ROE %: 7.04%
ROCE %: 9.35%
: 5.42%
Debtor Days: 33
Inventory Days: 58
Payable Days: 60
: 32
Debt to Equity (x): 0.08x
Interest Coverage (x): 11.42x
: 2.93x
Revenue Growth %: 0.73%
Operating Profit Growth %: -7.05%
Net Profit Growth %: -16.77%
: -16.77%
P/E (x): 16.80x
P/B (x): 1.08x
Dividend Yield %: 1.51%
: 9.47x

Mar 2025

EPS (₹): 25.70
Book Value (₹): 333.30
Dividend per Share (₹): 6.00
Cash EPS (₹): 33.97
Operating Margin %: 17.07%
Net Margin %: 10.80%
ROE %: 8.01%
ROCE %: 10.53%
: 6.11%
Debtor Days: 36
Inventory Days: 47
Payable Days: 51
: 32
Debt to Equity (x): 0.09x
Interest Coverage (x): 14.69x
: 2.93x
Revenue Growth %: 23.91%
Operating Profit Growth %: 24.85%
Net Profit Growth %: 30.30%
: 30.30%
P/E (x): 18.47x
P/B (x): 1.42x
Dividend Yield %: 1.26%
: 10.78x

Mar 2026

EPS (₹): 27.66
Book Value (₹): 297.90
Dividend per Share (₹): 6.00
Cash EPS (₹): 37.00
Operating Margin %: 15.69%
Net Margin %: 10.43%
ROE %: 8.76%
ROCE %: 11.10%
: 6.41%
Debtor Days: 38
Inventory Days: 46
Payable Days: 56
: 28
Debt to Equity (x): 0.09x
Interest Coverage (x): 16.38x
: 2.05x
Revenue Growth %: 11.52%
Operating Profit Growth %: 4.09%
Net Profit Growth %: 7.63%
: 7.63%
P/E (x): 13.25x
P/B (x): 1.23x
Dividend Yield %: 1.64%
: 8.04x

Shareholding Pattern

Numbers in percentages

TRADES

	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	40.86	40.86	40.61	40.50	40.50	40.44	40.49	40.49
	1.22	1.22	1.15	1.12	1.05	1.04	1.24	1.42
	0.32	0.63	0.95	1.26	1.33	1.40	0.68	0.64
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	57.60	57.28	57.28	57.12	57.11	57.12	57.58	57.45

Sep 2024

: 40.86
: 1.22
: 0.32
Government: 0.00
: 57.60

Dec 2024

: 40.86
: 1.22
: 0.63
Government: 0.00
: 57.28

Mar 2025

: 40.61
: 1.15
: 0.95
Government: 0.00
: 57.28

Jun 2025

: 40.50
: 1.12
: 1.26
Government: 0.00
: 57.12

Sep 2025

: 40.50
: 1.05
: 1.33
Government: 0.00
: 57.11

Dec 2025

: 40.44
: 1.04
: 1.40
Government: 0.00
: 57.12

Mar 2026

: 40.49
: 1.24
: 0.68
Government: 0.00
: 57.58

Jun 2026

: 40.49
: 1.42
: 0.64
Government: 0.00
: 57.45

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