Ultramarine & Pigments Key Ratios
NSE: ULTRMARINE | BSE: 506685
₹437.15
As on 04-Sep-2026 16:08IST
Market cap
₹1,275 Cr
Revenue (TTM)
₹830 Cr
P/E Ratio
13.8
P/B Ratio
1.4
Div. Yield
1.4 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 21.81 | 29.76 | 13.39 | 12.35 | 17.65 |
| EBIT | 109.19 | 63.33 | 8.40 | 5.60 | 4.69 |
| Net Profit | 102.55 | 68.19 | 16.03 | 6.84 | 6.51 |
| EPS | 125.74 | 68.19 | 18.82 | 8.96 | 7.02 |
| Book Value | -- | -- | -10.62 | 5.75 | 13.54 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-26 | Mar-25 |
| EBIT-Margin
| 11.97 | 13.71 | 13.19 | 12.18 | 13.60 |
| Net Margin
| 10.17 | 10.96 | 10.91 | 10.23 | 10.61 |
| Return on equity
| 7.37 | 8.27 | 9.34 | 8.76 | 8.01 |
| Return on Capital
| 9.80 | 10.76 | -- | 11.10 | 10.53 |
| Return on Assets
| 5.82 | 6.30 | 8.13 | 6.41 | 6.11 |
| Debt to Equity (x)
| -- | -- | 0.06 | 0.09 | 0.09 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ultramarine & Pigments
|
--
|
11.10
|
10.53
|
9.35
|
11.23
|
|
Peer Median
|
--
|
9.82
|
9.72
|
8.69
|
--
|
ROE
9.34
Higher than Peers by 2.13
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ultramarine & Pigments
|
9.34
|
8.76
|
8.01
|
7.04
|
8.68
|
|
Peer Median
|
7.21
|
7.70
|
7.30
|
6.85
|
--
|
ROA
8.13
Higher than Peers by 3.94
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ultramarine & Pigments
|
8.13
|
6.41
|
6.11
|
5.42
|
6.82
|
|
Peer Median
|
4.20
|
4.46
|
4.46
|
4.37
|
--
|
EBIT Margin
13.19
Higher than Peers by 7.39
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ultramarine & Pigments
|
13.19
|
12.18
|
13.60
|
12.92
|
15.17
|
|
Peer Median
|
5.80
|
6.43
|
6.52
|
6.80
|
--
|
Net Margin
10.91
Higher than Peers by 6.95
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ultramarine & Pigments
|
10.91
|
10.23
|
10.61
|
10.09
|
12.18
|
|
Peer Median
|
3.96
|
3.87
|
4.08
|
3.89
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ultramarine & Pigments
|
--
|
13.94
|
14.28
|
14.22
|
15.47
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
15.56
Higher than Peers by 4.68
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ultramarine & Pigments
|
15.56
|
11.52
|
23.91
|
0.73
|
13.50
|
|
Peer Median
|
10.88
|
15.65
|
10.88
|
16.44
|
--
|
EBIT Growth
11.29
Lower than Peers by 9.83
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ultramarine & Pigments
|
11.29
|
-0.13
|
30.42
|
-14.21
|
16.97
|
|
Peer Median
|
21.12
|
11.17
|
14.69
|
67.14
|
--
|
Net Profit Growth
16.03
Lower than Peers by 10.65
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ultramarine & Pigments
|
16.03
|
7.63
|
30.30
|
-16.77
|
18.69
|
|
Peer Median
|
26.68
|
54.30
|
21.15
|
72.72
|
--
|
EPS Growth
18.82
Lower than Peers by 17.80
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ultramarine & Pigments
|
18.82
|
7.63
|
30.30
|
-16.77
|
18.69
|
|
Peer Median
|
36.61
|
51.80
|
13.32
|
79.72
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ultramarine & Pigments
|
--
|
-10.62
|
8.19
|
22.29
|
-14.42
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
0.06
Lower than Peers by 0.00
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ultramarine & Pigments
|
0.06
|
0.09
|
0.09
|
0.08
|
0.09
|
|
Peer Median
|
0.06
|
0.30
|
0.31
|
0.27
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ultramarine & Pigments
|
--
|
--
|
--
|
0.00
|
0.00
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
2.05
Higher than Peers by 0.47
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ultramarine & Pigments
|
2.05
|
2.05
|
2.93
|
2.93
|
2.83
|
|
Peer Median
|
1.57
|
2.05
|
2.19
|
1.80
|
--
|
Quick Ratio
1.32
Higher than Peers by 0.27
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ultramarine & Pigments
|
1.32
|
1.32
|
2.03
|
1.95
|
1.86
|
|
Peer Median
|
1.05
|
1.32
|
1.55
|
1.73
|
--
|
Interest Coverage
21.32
Higher than Peers by 17.03
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ultramarine & Pigments
|
21.32
|
16.38
|
14.69
|
11.42
|
18.96
|
|
Peer Median
|
4.29
|
10.57
|
4.10
|
6.78
|
--
|
Operating Efficiency
Debtors to sales
9.67
Lower than Peers by 11.62
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ultramarine & Pigments
|
9.67
|
10.36
|
11.60
|
10.39
|
7.94
|
|
Peer Median
|
21.29
|
20.61
|
21.58
|
20.60
|
--
|
Asset Turnover
0.73
Lower than Peers by 0.17
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ultramarine & Pigments
|
0.73
|
0.62
|
0.57
|
0.53
|
0.55
|
|
Peer Median
|
0.91
|
1.01
|
1.05
|
1.03
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ultramarine & Pigments
|
--
|
37.89
|
36.47
|
33.34
|
27.41
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ultramarine & Pigments
|
--
|
46.04
|
46.86
|
58.09
|
52.52
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ultramarine & Pigments
|
--
|
56.14
|
51.00
|
59.54
|
51.77
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ultramarine & Pigments
|
--
|
27.79
|
32.34
|
31.89
|
28.16
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
13.83
Lower than Peers by 7.52
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ultramarine & Pigments
|
13.83
|
13.25
|
18.47
|
16.80
|
13.76
|
|
Peer Median
|
21.35
|
19.52
|
19.22
|
28.75
|
--
|
Price / Book Value
1.41
Lower than Peers by 0.52
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ultramarine & Pigments
|
1.41
|
1.23
|
1.42
|
1.08
|
1.29
|
|
Peer Median
|
1.94
|
1.65
|
1.42
|
1.69
|
--
|
Dividend Yield
1.37
Higher than Peers by 1.08
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ultramarine & Pigments
|
1.37
|
1.64
|
1.26
|
1.51
|
1.53
|
|
Peer Median
|
0.30
|
0.11
|
0.03
|
0.20
|
--
|
EV/EBITDA
8.55
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ultramarine & Pigments
|
8.55
|
8.04
|
10.78
|
9.47
|
8.70
|
|
Peer Median
|
--
|
23.42
|
21.21
|
27.21
|
--
|
Market Cap
1,275
No difference
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ultramarine & Pigments
|
1,275
|
1,070
|
1,386
|
968
|
952
|
|
Peer Median
|
1,275
|
439
|
291
|
360
|
--
|