Ultramarine & Pigments Ltd(ULTRAMAR)

NSE: ULTRAMARBSE: 506685

₹ 366-1.63%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 1,069 crWebsite: www.ultramarinepigments.netUpdated: 24 Oct 2026

About

Ultramarine & Pigments Ltd runs a chemicals business that makes inorganic pigments and surfactants and specialities. It also has a wind power arm and an IT-enabled services division. In FY26 the company reported revenue of 774.77, and chemicals and allied products made up 92.5% of segment revenue.^[1][2][3]

Business segments

Chemicals and allied products: Rs 722.56 Cr of revenue in FY26, 92.5% of segment revenue.^[3]
IT enabled services: Rs 52.2 Cr of revenue in FY26, 6.7% of segment revenue.^[3]

Products

As of FY25, the chemicals business had two parts: Inorganic Pigments, and Surfactants and Specialities.^[1]
The company commercialised one product in FY25 after extensive lab trials. More products are in the pipeline and will use existing infrastructure.^[1]

Operations and power

As of FY25, the company owned six wind turbine generators at three locations in Tamil Nadu, with 4.3 MW of capacity. Their power is used at the Ranipet and Ambattur plants.^[1]
Imported raw materials include Alpha Olefin (AO) and Lauryl Ethoxylated Oxide (LEO), per the FY25 annual report.^[1]
As of FY25, the ITeS division employed 264 women and 313 men, so 46% of its staff were women.^[1]

Subsidiary and CICP plant

Ultramarine Specialty Chemicals Ltd is an unlisted material subsidiary.^[1]
The subsidiary's CICP plant started operations the year before FY25 and has stabilised. In FY25, higher input costs and supply chain disruptions kept its capacity utilisation below expectations.^[1]

Customers and exports

In FY25, exports grew 39% year on year on a standalone basis and 34% on a consolidated basis.^[1]
The company exports pigments and sulphonated products.^[1]
Large customers regularly audit the company on health and safety measures.^[1]
The ITeS division aims to win more business from existing and new clients through its focus on quality. Its performance was largely steady in FY25.^[1]

Market Cap

₹1,069 Cr

High / Low

₹490 / 364

Stock P/E

12.6

Price / Book

1.3

Book Value

₹298

EPS

₹27.7

No. of Shares

2.92 Cr

ROCE

10.7%

ROE

8.8%

OPM

13.8%

Debt / Equity

0.09

Sales

₹775 Cr

Net Profit

₹81 Cr

Promoter holding

40.5%

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Signal history

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Company data

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Ultramarine & Pigments Ltd(ULTRAMAR)

About

Business segments

Products

Operations and power

Subsidiary and CICP plant

Customers and exports

Signal history

The analysis Screener can't give you

AI Deep Dive

Verdict

Company data

Product Segments

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