Nifty

:

17274.30

Sensex

:

58065.47

386.95 (2.29%)
1276.66 (2.25%)

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Nifty
Sensex

:
:

17274.30
58065.47

386.95 (2.29%)
1276.66 (2.25%)

Ultramarine & Pigments Ltd.

Chemicals

Rating :

53/99

BSE: 506685 | NSE: ULTRMARINE

Watchlist

NSE BSE

355.40

04-Oct-2022

Day's Open
Day's High
Day's Low
Previous Close

356.30
360.00
350.05
349.30

Volume
Traded Value (lacs)
52 Week High
52 Week Low

394
29.29
517.70
285.00

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

1,019.96
16.57
2

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

1,037.07
1.43%
1.16

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

10 Years
5 Years
3 Years

13.36
12.10
17.00

EBITDA CAGR (%)

10 Years
5 Years
3 Years

14.94
6.80
1.93

PAT CAGR (%)

10 Years
5 Years
3 Years

17.01
5.97
-2.04

P:E (Median)

8 Years
5 Years
3 Years

11.04
16.92
16.92

P:BV (Average)

8 Years
5 Years
3 Years

0.97
1.83
1.83

EV:EBITDA (Average)

8 Years
5 Years
3 Years

5.64
10.63
10.63

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone

Description Jun 22 Jun 21 Var% Mar 22 Mar 21 Var% Dec 21 Dec 20 Var% Sep 21 Sep 20 Var%
Net Sales 130.52 88.35 47.73% 130.88 86.86 50.68% 153.70 83.98 83.02% 118.08 76.69 53.97%
Expenses 104.60 67.65 54.62% 110.56 70.50 56.82% 130.82 60.28 117.02% 98.54 54.66 80.28%
EBITDA 25.92 20.70 25.22% 20.32 16.36 24.21% 22.88 23.70 -3.46% 19.54 22.03 -11.30%
EBIDTM 19.86% 23.43% 15.53% 18.83% 14.89% 28.22% 16.55% 28.73%
Other Income 1.44 1.48 -2.70% 0.96 1.63 -41.10% 1.19 2.02 -41.09% 5.41 3.36 61.01%
Interest 0.78 0.69 13.04% 0.75 0.60 25.00% 0.74 0.10 640.00% 0.78 0.17 358.82%
Depreciation 3.33 2.81 18.51% 3.13 2.65 18.11% 2.99 2.01 48.76% 2.97 2.07 43.48%
PBT 23.25 18.68 24.46% 17.40 14.74 18.05% 20.34 23.61 -13.85% 21.20 23.15 -8.42%
Tax 6.01 4.82 24.69% 4.64 3.78 22.75% 5.42 6.04 -10.26% 4.42 5.93 -25.46%
PAT 17.24 13.86 24.39% 12.76 10.96 16.42% 14.92 17.57 -15.08% 16.78 17.22 -2.56%
PATM 13.21% 15.69% 9.75% 12.62% 9.71% 20.92% 14.21% 22.45%
EPS 5.90 4.75 24.21% 4.37 3.75 16.53% 5.11 6.02 -15.12% 5.75 5.90 -2.54%

Description Jun 22 Jun 21 Var% Mar 22 Mar 21 Var% Dec 21 Dec 20 Var% Sep 21 Sep 20 Var%
Net Sales 130.52 88.35 47.73% 130.28 86.86 49.99% 153.70 83.98 83.02% 118.08 76.69 53.97%
Expenses 104.60 67.65 54.62% 109.97 70.50 55.99% 130.82 60.28 117.02% 98.54 54.66 80.28%
EBITDA 25.92 20.70 25.22% 20.31 16.36 24.14% 22.88 23.70 -3.46% 19.54 22.03 -11.30%
EBIDTM 19.86% 23.43% 15.59% 18.83% 14.89% 28.22% 16.55% 28.73%
Other Income 1.30 1.48 -12.16% 0.96 1.63 -41.10% 1.19 2.02 -41.09% 5.41 3.36 61.01%
Interest 0.78 0.69 13.04% 0.75 0.60 25.00% 0.74 0.10 640.00% 0.78 0.17 358.82%
Depreciation 3.33 2.81 18.51% 3.13 2.65 18.11% 2.99 2.01 48.76% 2.97 2.07 43.48%
PBT 23.11 18.68 23.72% 17.39 14.74 17.98% 20.34 23.61 -13.85% 21.20 23.15 -8.42%
Tax 6.01 4.82 24.69% 4.65 3.78 23.02% 5.42 6.04 -10.26% 4.42 5.93 -25.46%
PAT 17.10 13.86 23.38% 12.74 10.96 16.24% 14.92 17.57 -15.08% 16.78 17.22 -2.56%
PATM 13.10% 15.69% 9.78% 12.62% 9.71% 20.92% 14.21% 22.45%
EPS 5.86 4.75 23.37% 4.36 3.75 16.27% 5.11 6.02 -15.12% 5.75 5.90 -2.54%

Annual Results

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description TTM Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 Mar 15 Mar 14 Mar 13
Net Sales 533.18 491.02 308.19 306.18 306.86 277.36 255.41 220.23 172.16 150.22 140.15 Net Sales Growth 58.74% 59.32% 0.66% -0.22% 10.64% 8.59% 15.97% 27.92% 14.61% 7.19% Cost Of Goods Sold 306.86 281.50 144.66 133.09 140.80 134.96 126.75 106.70 73.15 60.64 58.77 Gross Profit 226.32 209.51 163.53 173.10 166.06 142.40 128.66 113.53 99.02 89.58 81.37 GP Margin 42.45% 42.67% 53.06% 56.54% 54.12% 51.34% 50.37% 51.55% 57.52% 59.63% 58.06% Total Expenditure 444.52 406.89 232.43 229.73 236.17 216.82 205.15 182.60 142.73 125.12 119.25 Power & Fuel Cost - 24.71 12.83 13.59 14.17 11.95 13.04 11.07 12.89 13.29 13.91 % Of Sales - 5.03% 4.16% 4.44% 4.62% 4.31% 5.11% 5.03% 7.49% 8.85% 9.93% Employee Cost - 46.57 38.60 45.76 42.13 34.96 30.76 31.64 29.25 25.39 23.53 % Of Sales - 9.48% 12.52% 14.95% 13.73% 12.60% 12.04% 14.37% 16.99% 16.90% 16.79% Manufacturing Exp. - 16.69 13.43 14.40 14.53 13.55 13.42 10.41 8.75 7.12 7.68 % Of Sales - 3.40% 4.36% 4.70% 4.74% 4.89% 5.25% 4.73% 5.08% 4.74% 5.48% General & Admin Exp. - 13.35 9.95 11.71 13.68 12.16 12.64 13.41 10.01 11.38 8.54 % Of Sales - 2.72% 3.23% 3.82% 4.46% 4.38% 4.95% 6.09% 5.81% 7.58% 6.09% Selling & Distn. Exp. - 18.71 9.02 7.55 6.27 6.73 5.97 5.63 4.13 2.49 3.61 % Of Sales - 3.81% 2.93% 2.47% 2.04% 2.43% 2.34% 2.56% 2.40% 1.66% 2.58% Miscellaneous Exp. - 5.35 3.94 3.65 4.60 2.50 2.57 3.75 4.57 4.81 3.61 % Of Sales - 1.09% 1.28% 1.19% 1.50% 0.90% 1.01% 1.70% 2.65% 3.20% 2.28% EBITDA 88.66 84.13 75.76 76.45 70.69 60.54 50.26 37.63 29.43 25.10 20.90 EBITDA Margin 16.63% 17.13% 24.58% 24.97% 23.04% 21.83% 19.68% 17.09% 17.09% 16.71% 14.91% Other Income 9.00 9.04 9.63 11.53 10.19 8.75 2.77 4.99 1.73 3.06 3.79 Interest 3.05 3.64 1.67 1.73 0.61 1.04 0.69 0.36 0.49 0.96 1.56 Depreciation 12.42 11.90 8.78 8.62 5.82 4.83 4.16 3.22 3.15 5.61 5.76 PBT 82.19 77.63 74.95 77.63 74.45 63.41 48.18 39.04 27.51 21.59 17.37 Tax 20.49 19.30 19.17 15.62 23.89 19.77 15.71 11.69 8.77 7.19 5.24 Tax Rate 24.93% 24.86% 25.58% 20.12% 29.73% 31.18% 32.61% 29.94% 31.88% 33.30% 30.17% PAT 61.70 58.33 55.79 62.01 56.48 43.64 32.47 27.35 18.74 14.39 12.12 PAT before Minority Interest 61.70 58.33 55.79 62.01 56.48 43.64 32.47 27.35 18.74 14.39 12.12 Minority Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin 11.57% 11.88% 18.10% 20.25% 18.41% 15.73% 12.71% 12.42% 10.89% 9.58% 8.65% PAT Growth 3.51% 4.55% -10.03% 9.79% 29.42% 34.40% 18.72% 45.94% 30.23% 18.73% EPS 21.13 19.98 19.11 21.24 19.34 14.95 11.12 9.37 6.42 4.93 4.15

Description TTM Mar 22 Mar 21 Mar 20
Net Sales 532.58 490.41 308.19 306.18 Net Sales Growth 58.56% 59.13% 0.66% Cost Of Goods Sold 306.25 280.90 144.66 133.09 Gross Profit 226.33 209.51 163.53 173.10 GP Margin 42.50% 42.72% 53.06% 56.54% Total Expenditure 443.93 406.31 232.43 229.74 Power & Fuel Cost - 24.71 12.83 13.59 % Of Sales - 5.04% 4.16% 4.44% Employee Cost - 46.57 38.60 45.76 % Of Sales - 9.50% 12.52% 14.95% Manufacturing Exp. - 16.69 13.43 14.40 % Of Sales - 3.40% 4.36% 4.70% General & Admin Exp. - 13.36 9.95 11.51 % Of Sales - 2.72% 3.23% 3.76% Selling & Distn. Exp. - 18.71 9.02 7.55 % Of Sales - 3.82% 2.93% 2.47% Miscellaneous Exp. - 5.37 3.94 3.85 % Of Sales - 1.10% 1.28% 1.26% EBITDA 88.65 84.10 75.76 76.44 EBITDA Margin 16.65% 17.15% 24.58% 24.97% Other Income 8.86 9.04 9.63 11.53 Interest 3.05 3.64 1.67 1.73 Depreciation 12.42 11.90 8.78 8.62 PBT 82.04 77.61 74.95 77.62 Tax 20.50 19.31 19.17 15.62 Tax Rate 24.99% 24.88% 25.58% 20.12% PAT 61.54 58.30 55.79 62.01 PAT before Minority Interest 61.54 58.30 55.79 62.01 Minority Interest 0.00 0.00 0.00 0.00 PAT Margin 11.56% 11.89% 18.10% 20.25% PAT Growth 3.24% 4.50% -10.03% EPS 21.08 19.97 19.11 21.24

Results Balance Sheet

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 Mar 15 Mar 14 Mar 13
Shareholder's Funds 859.56 461.08 302.48 384.89 511.08 313.55 114.53 99.48 92.17 86.32 Share Capital 5.84 5.84 5.84 5.84 5.84 5.84 5.84 5.84 5.84 5.84 Total Reserves 853.72 455.24 296.64 379.05 505.24 307.71 108.69 93.64 86.33 80.48 Non-Current Liabilities 119.95 125.73 35.01 61.79 44.19 30.22 9.23 6.89 17.90 10.58 Secured Loans 30.30 34.76 20.25 0.00 0.00 0.00 0.00 0.00 0.00 2.00 Unsecured Loans 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Long Term Provisions 61.34 81.35 0.97 50.44 31.51 18.06 1.35 1.13 12.91 3.21 Current Liabilities 78.10 71.40 43.95 58.60 57.09 47.82 29.15 39.59 34.06 22.14 Trade Payables 38.73 36.12 29.29 21.87 28.71 24.59 16.64 10.88 7.48 3.67 Other Current Liabilities 20.63 16.73 14.45 11.32 9.40 9.18 8.84 7.54 8.15 7.04 Short Term Borrowings 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.31 Short Term Provisions 18.74 18.55 0.22 25.41 18.98 14.05 3.68 21.16 18.42 11.11 Total Liabilities 1,057.61 658.21 381.44 505.28 612.36 391.59 152.91 145.96 144.13 119.04 Net Block 142.32 118.85 91.35 78.62 70.15 60.33 52.44 38.12 40.85 40.54 Gross Block 181.90 146.88 114.20 93.07 79.02 64.48 118.82 101.37 99.65 95.21 Accumulated Depreciation 39.58 28.04 22.85 14.45 8.87 4.16 66.38 63.25 58.80 54.67 Non Current Assets 832.99 423.26 216.99 332.47 484.24 274.99 77.81 61.38 73.75 63.35 Capital Work in Progress 14.88 22.69 35.39 2.48 0.68 0.21 2.10 1.57 1.30 2.42 Non Current Investment 591.00 178.85 76.38 184.99 371.79 186.48 13.37 13.22 13.22 13.22 Long Term Loans & Adv. 83.18 101.62 13.53 66.13 41.41 27.67 9.90 8.47 18.39 7.18 Other Non Current Assets 1.61 1.25 0.35 0.24 0.22 0.31 0.00 0.00 0.00 0.00 Current Assets 224.62 234.94 164.45 172.81 128.11 116.59 75.11 84.58 70.37 55.68 Current Investments 4.32 15.14 28.88 47.01 27.83 20.41 1.50 0.00 0.00 0.00 Inventories 71.13 36.94 33.83 27.17 25.09 25.39 20.74 20.42 18.19 11.64 Sundry Debtors 39.48 43.84 39.24 33.03 26.11 33.98 26.61 21.94 21.93 23.87 Cash & Bank 28.62 70.09 20.36 27.89 14.90 15.48 11.94 16.40 12.66 11.21 Other Current Assets 81.07 12.54 2.61 2.51 34.18 21.33 14.32 25.82 17.60 8.96 Short Term Loans & Adv. 77.78 56.39 39.52 35.19 26.29 19.64 12.64 24.88 17.04 8.34 Net Current Assets 146.52 163.54 120.50 114.21 71.03 68.78 45.95 44.99 36.32 33.54 Total Assets 1,057.61 658.20 381.44 505.28 612.35 391.58 152.92 145.96 144.12 119.03

Description Mar 22 Mar 21 Mar 20
Shareholder's Funds 859.53 461.07 302.47 Share Capital 5.84 5.84 5.84 Total Reserves 853.69 455.23 296.63 Non-Current Liabilities 131.86 125.92 35.01 Secured Loans 41.55 34.76 20.25 Unsecured Loans 0.00 0.00 0.00 Long Term Provisions 61.34 81.35 0.97 Current Liabilities 81.06 71.73 43.96 Trade Payables 39.72 36.15 29.30 Other Current Liabilities 22.60 17.04 14.44 Short Term Borrowings 0.00 0.00 0.00 Short Term Provisions 18.74 18.55 0.22 Total Liabilities 1,072.45 658.72 381.44 Net Block 152.07 118.85 91.35 Gross Block 191.66 146.89 114.20 Accumulated Depreciation 39.59 28.04 22.85 Non Current Assets 846.64 422.76 216.98 Capital Work in Progress 69.35 29.82 35.39 Non Current Investment 546.99 178.84 76.37 Long Term Loans & Adv. 76.62 94.00 13.53 Other Non Current Assets 1.61 1.25 0.35 Current Assets 225.81 235.97 164.46 Current Investments 4.32 15.14 28.88 Inventories 71.68 36.94 33.83 Sundry Debtors 39.41 43.84 39.24 Cash & Bank 30.43 71.50 20.37 Other Current Assets 79.97 12.55 2.61 Short Term Loans & Adv. 75.58 56.00 39.51 Net Current Assets 144.76 164.24 120.50 Total Assets 1,072.45 658.73 381.44

Cash Flow

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 Mar 15 Mar 14 Mar 13
Cash From Operating Activity 36.70 57.09 47.58 30.30 54.94 30.42 27.51 23.26 16.95 13.95 PBT 77.63 74.95 77.63 80.37 63.41 48.18 39.04 27.51 21.59 17.37 Adjustment 6.64 2.63 -0.50 -9.43 -2.88 2.42 0.40 2.98 5.80 4.60 Changes in Working Capital -29.62 -2.52 -10.70 -15.07 13.78 -6.56 -2.22 0.36 -1.94 -1.81 Cash after chg. in Working capital 54.65 75.06 66.43 55.86 74.31 44.05 37.22 30.86 25.44 20.16 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -17.95 -17.98 -18.86 -25.56 -19.38 -13.63 -9.71 -7.59 -8.49 -6.20 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity -60.10 -20.40 -38.74 -2.23 -40.93 -26.80 -9.13 -8.43 1.85 1.33 Net Fixed Assets -27.21 -19.98 -54.04 -15.85 -15.01 56.23 -17.98 -1.99 -3.32 -2.71 Net Investments -401.33 -88.73 126.74 167.62 -192.73 -192.02 -1.65 0.00 0.00 0.00 Others 368.44 88.31 -111.44 -154.00 166.81 108.99 10.50 -6.44 5.17 4.04 Cash from Financing Activity -18.01 13.01 -16.26 -15.07 -14.68 -0.20 -22.93 -11.03 -10.95 -15.22 Net Cash Inflow / Outflow -41.41 49.69 -7.42 12.99 -0.68 3.42 -4.55 3.80 7.85 0.07 Opening Cash & Equivalents 69.39 19.69 27.19 14.29 14.97 11.55 16.10 12.30 4.46 4.39 Closing Cash & Equivalent 27.95 69.39 19.68 27.19 14.29 14.97 11.55 16.10 12.30 4.46

Description Mar 22 Mar 21 Mar 20
Cash From Operating Activity 29.08 57.79 47.58 PBT 77.61 74.95 77.62 Adjustment 6.65 2.62 -0.50 Changes in Working Capital -37.22 -1.81 -10.69 Cash after chg. in Working capital 47.03 75.76 66.44 Interest Paid 0.00 0.00 0.00 Tax Paid -17.96 -17.98 -18.86 Other Direct Exp. Paid 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 Cash From Investing Activity -62.80 -20.30 -38.73 Net Fixed Assets -27.21 -19.98 Net Investments -401.33 -88.73 Others 365.74 88.41 Cash from Financing Activity -6.69 13.01 -16.26 Net Cash Inflow / Outflow -40.41 50.50 -7.41 Opening Cash & Equivalents 70.21 19.70 27.19 Closing Cash & Equivalent 29.76 70.21 19.70

Financial Ratios

Standalone /

Consolidated

Right to Left

Description Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 Mar 15 Mar 14 Mar 13
Book Value (Rs.) 294.37 157.90 103.59 131.81 175.03 107.38 39.22 34.07 31.57 29.56 ROA 6.80% 10.73% 13.99% 10.11% 8.69% 11.93% 18.30% 12.92% 10.94% 9.92% ROE 8.83% 14.61% 18.04% 12.61% 10.58% 15.17% 25.56% 19.55% 16.13% 14.42% ROCE 11.67% 18.70% 22.43% 18.07% 15.63% 22.83% 36.82% 28.92% 24.17% 20.59% Fixed Asset Turnover 2.99 2.36 2.95 3.57 3.94 3.05 2.18 1.85 1.67 1.62 Receivable days 30.97 49.20 43.08 35.17 38.82 39.61 36.85 43.09 51.51 53.18 Inventory Days 40.17 41.91 36.36 31.08 32.61 30.16 31.24 37.93 33.55 33.00 Payable days 48.53 82.52 40.58 40.45 46.08 37.54 29.87 24.29 17.07 19.41 Cash Conversion Cycle 22.61 8.59 38.86 25.81 25.35 32.24 38.22 56.74 67.99 66.77 Total Debt/Equity 0.04 0.08 0.07 0.00 0.00 0.00 0.00 0.00 0.02 0.07 Interest Cover 22.33 46.01 45.75 133.35 61.91 70.91 110.17 56.87 23.56 12.11

Description Mar 22 Mar 21 Mar 20
Book Value (Rs.) 294.36 157.90 103.59 ROA 6.74% 10.73% 16.26% ROE 8.83% 14.61% 20.50% ROCE 11.58% 18.70% 24.59% Fixed Asset Turnover 2.90 2.36 2.68 Receivable days 30.98 49.20 46.78 Inventory Days 40.42 41.91 40.33 Payable days 49.29 82.56 46.48 Cash Conversion Cycle 22.11 8.55 40.64 Total Debt/Equity 0.06 0.08 0.07 Interest Cover 22.33 46.01 45.74

Top Investors:

Annual Reports:

News Update:

Ultramar & Pigments - Quarterly Results
8th Aug 2022, 14:56 PM

Read More
Ultramarine & Pigments’ arm commissions Pigments plant at Andhra Pradesh
26th Jul 2022, 16:00 PM

The commercial production of the plant has commenced on July 25, 2022
Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.

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