PODDARMENT
Poddar Pigments financials
- Market cap
- ₹297 Cr
- Sector
- Chemicals
Quarterly results
Q1 FY27: revenue down 1.2%, net profit up 11.5% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 92 | 90 | 87 | 91 | 91 −1% | 92 +1% | 100 +15% | 90 −1% |
| EBITDA | 7 | 7 | 7 | 7 | 7 −3% | 6 −12% | 4 −39% | 5 −19% |
| Net profit | 5 | 5 | 5 | 4 | 4 −30% | 2 −55% | 5 −8% | 5 +12% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −2.7% 1Y
1Y: ₹287.55 on 10 Sept 2025 → ₹279.85. High ₹311.45 (8 Sept 2026), low ₹202.9 (30 Mar 2026).
Financials, as filed
Revenue grew 3.2% a year over 3 years, FY23 to FY26. Operating margin narrowed to 6.3%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹341 Cr | ₹369 Cr | ₹368 Cr | ₹375 Cr |
| Operating profit | ₹38 Cr | ₹39 Cr | ₹32 Cr | ₹24 Cr |
| Operating margin | 11.1% | 10.7% | 8.7% | 6.3% |
| Interest | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹1 Cr |
| Depreciation | ₹6 Cr | ₹7 Cr | ₹8 Cr | ₹9 Cr |
| Net profit | ₹27 Cr | ₹29 Cr | ₹23 Cr | ₹15 Cr |
| Net margin | 8.0% | 7.8% | 6.2% | 3.9% |
| Cash from operations | ₹16 Cr | ₹21 Cr | ₹12 Cr | ₹55 Cr |
| Free cash flow | ₹12 Cr | ₹-5 Cr | ₹-12 Cr | ₹23 Cr |
| ROCE | 12.0% | 12.0% | 9.0% | 7.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹11 Cr | ₹11 Cr | ₹11 Cr | ₹11 Cr | ₹11 Cr | ₹11 Cr |
| Reserves | ₹232 Cr | ₹307 Cr | ₹283 Cr | ₹338 Cr | ₹356 Cr | ₹340 Cr |
| Borrowings | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹6 Cr |
| Other liabilities | ₹24 Cr | ₹35 Cr | ₹38 Cr | ₹40 Cr | ₹57 Cr | ₹55 Cr |
| Total liabilities | ₹267 Cr | ₹353 Cr | ₹332 Cr | ₹388 Cr | ₹424 Cr | ₹412 Cr |
| Fixed assets | ₹35 Cr | ₹98 Cr | ₹101 Cr | ₹121 Cr | ₹134 Cr | ₹159 Cr |
| Capital work in progress | ₹36 Cr | ₹7 Cr | ₹0 Cr | ₹0 Cr | ₹3 Cr | ₹0 Cr |
| Investments | ₹91 Cr | ₹122 Cr | ₹70 Cr | ₹100 Cr | ₹114 Cr | ₹80 Cr |
| Other assets | ₹105 Cr | ₹125 Cr | ₹160 Cr | ₹168 Cr | ₹173 Cr | ₹172 Cr |
| Total assets | ₹267 Cr | ₹353 Cr | ₹332 Cr | ₹388 Cr | ₹424 Cr | ₹412 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
The ownership split has held steady since Jun 2025. The shareholder count shrank 8% to 9,272.
- Promoters
- 62.4%
- DIIs
- 0.2%
- Public
- 37.4%
Since Jun 2025
- Public +0.01 pp
- Promoters 0.00 pp
- FIIs 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 62.4%, FIIs 0.5%, DIIs 0.2%, Public 36.8%.Dec '23: Promoters 62.4%, FIIs 0.5%, DIIs 0.2%, Public 36.8%.Mar '24: Promoters 62.4%, FIIs 0.2%, DIIs 0.2%, Public 37.1%.Jun '24: Promoters 62.4%, DIIs 0.2%, Public 37.3%.Sep '24: Promoters 62.4%, FIIs 0.1%, DIIs 0.2%, Public 37.2%.Dec '24: Promoters 62.4%, DIIs 0.2%, Public 37.3%.Mar '25: Promoters 62.4%, DIIs 0.2%, Public 37.3%.Jun '25: Promoters 62.4%, DIIs 0.2%, Public 37.3%.Sep '25: Promoters 62.4%, DIIs 0.2%, Public 37.3%.Dec '25: Promoters 62.4%, DIIs 0.2%, Public 37.3%.Mar '26: Promoters 62.4%, DIIs 0.2%, Public 37.3%.Jun '26: Promoters 62.4%, DIIs 0.2%, Public 37.4%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Poddar Pigments Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Espouse Resonance Engineering Llp | 42.44% | unchanged |
| Kusum Poddar | 8.34% | unchanged |
| Mahima Poddar Agarwal | 5.70% | unchanged |
| Shiv Shankar Poddar | 4.99% | unchanged |
| Investor Education And Protection Fund Authority Ministry Of Corporate Affairs | 4.61% | unchanged |
| Pramila Maheshkumar Bang | 2.65% | unchanged |
| Seetha Kumari | 2.48% | unchanged |
| Manan Mahesh Bang | 2.12% | unchanged |
| Sangeetha S . | 1.35% | unchanged |
| Integrated Investment Management Services Private Limited | 1.13% | unchanged |
| Rochna Poddar | 0.96% | unchanged |
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.
What the price assumes
Growth trapTo justify its price of ₹280, this stock must grow earnings at 23% every year for 7 years. Our analysis caps realistic growth at ~-19%. At that growth it is worth ₹30 — downside of 89%.
- Growth the price implies
- 22.9% a year
- for 7 years, fading to 4%
- It has actually compounded at
- -18.6% a year
- net profit, FY23–FY26 · EPS -18.6%
- The gap
- 0.4 pp
- -89% downside if it only repeats history
Learn to analyse Poddar Pigments Limited
Guides on how to read this kind of business and the numbers that matter.