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    Ultramarine & Pigments Limited

    Chemicals
    Commodities
    ₹377
    -3.33% from avg

    Overview

    Price

    ₹377

    Market Cap

    ₹1.1k Cr

    Sector

    Chemicals

    Commodities

    Rank

    4

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital66666666
    Reserves2974558547308949671.1k864
    Borrowings2938537579948986
    Other Liabilities5061827097106138138
    Total Liabilities3815619958811.1k1.2k1.3k1.1k
    AssetsFixed Assets91119152238281334345373
    CWIP3530692930263930
    Investments105194551366492513577376
    Other Assets149218222248274299329315
    Total Assets3815619958811.1k1.2k1.3k1.1k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating485829627890128
    Cash from Investing-39-20-63-55-51-42-148
    Cash from Financing-1613-7-2-18-33-31
    SummaryCapital Expenditure
    Free Cash Flow615-401153762
    FCF Margin

    Valuation

    Assumptions

    Current — ULTRAMAR
    Price
    ₹379
    EPS (TTM)
    ₹25.61
    PE (TTM)
    14.8
    Profit growth
    13.0%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (18.5×) and current (14.8×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹379
    vs
    Fair value · 15% return
    ₹309
    19%Overvalued

    At 13% growth and a 15× exit, ₹379 only delivers your return if you pay ₹309. The price is currently baking in 17% growth.

    EPS grows 13%/yr for 5 years, then fades to 6% over 2, exits at 15×.

    YearGrowthEPS (₹)
    FY2713.0%28.94
    FY2813.0%32.70
    FY2913.0%36.95
    FY3013.0%41.76
    FY3113.0%47.18
    FY329.5% ·fade51.67
    FY336.0% ·fade54.77

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse Ultramarine & Pigments Limited

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