Ducol Organics & Colours share price & results
- Mar 2026
- Jun 2026
Maharashtra-based maker of pigment dispersions, masterbatches and pigment preparations, now also into waterproofing membranes and construction chemicals via its Bitumag acquisition.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 72.0 | +84.6% YoY | Quarterly, as filed | Quarter to Mar 2026 | Revenue from operations as filed. |
| Operating margin | 12.0 | +5.0 pts YoY | Operating profit / revenue | Quarter to Mar 2026 | For the quarter; a change is in percentage points. |
| Net profit | 4.0 | +100.0% YoY | Quarterly, as filed | Quarter to Mar 2026 | Profit after tax as filed. |
| Return on equity | +1.9 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. | |
| Free cash flow margin | -38.12 | −51.0 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. |
Price
Performance −35.1% 1Y
1Y: ₹185 on 24 Oct 2025 → ₹120. High ₹201.65 (12 Nov 2025), low ₹90.3 (30 Mar 2026).
- Previous close
- ₹110
- Market cap
- ₹221 Cr
- 52-week range
- ₹90.3 – ₹201.65
- One year
- −33.35%
- Price to earnings (FY ending Mar 2026)
- 31.57×
- Return on equity (FY ending Mar 2026)
- 7.49%
Overview
- Symbol
- NSE:DUCOL
- Sector
- Chemicals
- Industry
- Commodities
- Exchange
- NSE
- Currency
- INR
What Ducol Organics & Colours Ltd does
Based on the company's own presentations, annual report and earnings calls.
Ducol Organics and Colours manufactures water-based and solvent-based pigment dispersions, dry dispersions and polymer masterbatches used to colour paints, inks, textiles, rubber, plastics, paper, soaps/detergents and foam. Through its FY26 acquisition of Bitumag Industries, it also makes polymer-modified bitumen-based waterproofing membranes (self-adhesive and torch-on) for the construction chemicals market. It runs four manufacturing units (two at Taloja, one at Mahad, one at Vadodara/Bitumag) and exports to countries including the USA, China, South Korea, Bangladesh, Kenya and Tanzania.
Segments
- Pigment Dispersions
- Masterbatches
- Waterproofing & Construction Chemicals (Bitumag)
- Manufacturing units
- 4 (2 at Taloja, 1 at Mahad, 1 at Vadodara)
- Bitumag (waterproofing) installed capacity
- 10 million sq. meters/year
- Dry dispersions capacity
- 15,000 MTPA
- Wet dispersions capacity
- 4,000 MTPA
- Masterbatches capacity
- 2,000–3,000 MTPA
- Total production plant area
- over 1,40,000 sq. ft
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 2 fiscal years held (Mar 2025 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +100% (quarter to mar 2026 against mar 2025).
| Line item | Sept 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 39 | 39 | 65 | 72 |
| Expenses | 34 | 36 | 59 | 63 |
| Operating profit | 4 | 3 | 5 | 9 |
| Operating margin | 11.0% | 7.0% | 8.0% | 12.0% |
| Other income | 1 | 2 | 2 | 1 |
| Interest | 1 | 1 | 2 | 2 |
| Depreciation | 1 | 1 | 2 | 2 |
| Profit before tax | 3 | 3 | 3 | 6 |
| Tax rate | 22.0% | 30.0% | 8.0% | 25.0% |
| Net profit | 3 | 2 | 3 | 4 |
| EPS (₹ per share) | 1.73 | 1.29 | 1.73 | 2.72 |
| Line item | Mar 2025 | Mar 2026 |
|---|---|---|
| Equity capital | 16 | 16 |
| Reserves | 74 | 81 |
| Borrowings | 28 | 43 |
| Other liabilities | 17 | 30 |
| Total liabilities | 136 | 170 |
| Fixed assets | 19 | 54 |
| Capital work in progress | 23 | 27 |
| Investments | 4 | 5 |
| Other assets | 90 | 83 |
| Total assets | 136 | 170 |
| Line item | Mar 2025 | Mar 2026 |
|---|---|---|
| Cash from operations | 19 | -9 |
| Cash from investing | 13 | -40 |
| Cash from financing | 14 | 19 |
| Net cash flow | 45 | -30 |
| Free cash flow | 9 | -51 |
| Line item | Mar 2025 | Mar 2026 |
|---|---|---|
| Debtor days | 57 | 74 |
| Inventory days | 145 | 115 |
| Days payable | 97 | 101 |
| Cash conversion cycle | 106 | 88 |
| Working capital days | -40 | 30 |
| Return on capital employed | — | 10.0% |
| Dividend payout | 0.0% | 0.0% |
What the price assumes
- Growth the price implies
- 13.2% a year
- for 7 years, fading to 4%
- It has actually compounded at
- Not enough history
- The gap
- —
- between what it did and what it must do
Ownership
Who owns it
Public hold 53.74% as of Jun 2026; institutions added 0.00 pts since Mar 2026.
- Promoters 46.20%
- Domestic institutions 0.06%
- Public 53.74%
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- newly disclosed 8.60% held
- newly disclosed 1.22% held
The same filing shows 9 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Ducol Organics & Colours Ltd above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| 15.51% | −1.72 pp | |
| 15.51% | −1.72 pp | |
| 15.18% | −1.69 pp | |
| 8.60% | newly disclosed | |
| 1.56% | −0.17 pp | |
| 1.46% | unchanged | |
| 1.34% | −0.15 pp | |
| 1.22% | newly disclosed | |
| 1.21% | −0.13 pp | |
| 1.10% | −0.12 pp | |
| 1.03% | −0.11 pp | |
| 1.02% | −0.11 pp |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Your own record
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