PODDARMENT

Poddar Pigments Limited

Colour masterbatches and pigment dispersions for plastics industry

Commodities›Chemicals›Chemicals & Petrochemicals›Dyes And Pigments

poddarpigmentsltd.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹265.20
Market cap
281 Cr
Stock P/E
18.5
P/B
0.80
Dividend yield
1.5%
ROE (FY26)
4.2%
ROCE (FY26)
5.9%
Operating margin (FY26)
3.8%
Debt / equity (FY26)
0.02
OCF / EBITDA (FY26)
232.6%
OCF / EBITDA (3Y)
93.4%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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What you need to know

Poddar Pigments makes colour masterbatches and single pigment dispersions, which are colour concentrates for plastics, from its works in Jaipur, Rajasthan.

Company snapshot

10thBy market cap

Ranked among 11 companies in Dyes And Pigments.

What we see

Positives
  • ✓93% of operating profit came in as cash over the last three years — profits are backed by real cash.
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Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Standalone only

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales89 Cr90 Cr98 Cr99 Cr92 Cr90 Cr87 Cr91 Cr91 Cr92 Cr100 Cr90 Cr
Operating expenses (approx.)81 Cr81 Cr86 Cr88 Cr85 Cr83 Cr80 Cr85 Cr85 Cr85 Cr96 Cr85 Cr
EBITDA8 Cr9 Cr12 Cr11 Cr7 Cr7 Cr7 Cr7 Cr7 Cr6 Cr4 Cr5 Cr
OPM %9.3%10.0%12.2%11.1%7.3%7.9%8.1%7.2%7.1%6.9%4.3%5.9%
Other income2 Cr2 Cr2 Cr1 Cr3 Cr2 Cr1 Cr2 Cr0.92 Cr0.24 Cr4 Cr5 Cr
Interest0.04 Cr0.09 Cr0.06 Cr0.08 Cr0.10 Cr0.07 Cr0.33 Cr0.19 Cr0.12 Cr0.15 Cr0.68 Cr0.24 Cr
Depreciation2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr3 Cr
Profit before tax8 Cr9 Cr12 Cr10 Cr7 Cr7 Cr6 Cr6 Cr5 Cr4 Cr5 Cr7 Cr
Tax %28.3%21.2%26.5%26.2%28.8%26.1%16.5%32.8%28.5%44.5%0.2%35.2%
Net profit6 Cr7 Cr9 Cr8 Cr5 Cr5 Cr5 Cr4 Cr4 Cr2 Cr5 Cr5 Cr
EPS (₹)₹5.72₹6.73₹8.24₹7.17₹4.82₹4.67₹4.85₹3.93₹3.39₹2.12₹4.47₹4.38

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales357 Cr341 Cr357 Cr357 Cr261 Cr296 Cr341 Cr369 Cr368 Cr375 CrSign in free for the trailing twelve months
Operating expenses (approx.)330 Cr317 Cr334 Cr329 Cr231 Cr269 Cr303 Cr330 Cr337 Cr351 CrSign in free for the trailing twelve months
EBITDA27 Cr24 Cr23 Cr28 Cr30 Cr27 Cr38 Cr39 Cr32 Cr24 CrSign in free for the trailing twelve months
OPM %7.5%7.1%6.4%7.7%11.4%9.0%11.1%10.7%8.7%6.3%Sign in free for the trailing twelve months
Other income4 Cr7 Cr4 Cr4 Cr4 Cr5 Cr6 Cr7 Cr7 Cr7 CrSign in free for the trailing twelve months
Interest0.30 Cr0.33 Cr0.47 Cr0.30 Cr0.28 Cr0.38 Cr0.27 Cr0.25 Cr0.57 Cr1 CrSign in free for the trailing twelve months
Depreciation3 Cr3 Cr3 Cr3 Cr2 Cr2 Cr6 Cr7 Cr8 Cr9 CrSign in free for the trailing twelve months
Profit before tax28 Cr28 Cr24 Cr29 Cr31 Cr29 Cr37 Cr39 Cr30 Cr20 CrSign in free for the trailing twelve months
Tax %27.7%32.5%30.0%26.3%23.5%25.7%25.9%25.8%24.8%26.4%Sign in free for the trailing twelve months
Net profit20 Cr19 Cr17 Cr21 Cr24 Cr21 Cr27 Cr29 Cr23 Cr15 CrSign in free for the trailing twelve months
EPS (₹)₹19.10₹18.01₹15.59₹20.03₹22.30₹20.03₹25.77₹27.16₹21.51₹13.91Sign in free for the trailing twelve months
Dividend payout %————1.2%12.5%23.3%0.0%18.6%28.8%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital11 Cr11 Cr11 Cr11 Cr11 Cr11 Cr11 Cr11 Cr11 Cr11 Cr
Reserves150 Cr187 Cr208 Cr178 Cr232 Cr307 Cr283 Cr338 Cr353 Cr340 Cr
Borrowings1 Cr———————12 Cr6 Cr
Other liabilities27 Cr25 Cr27 Cr33 Cr24 Cr35 Cr38 Cr40 Cr38 Cr55 Cr
Total liabilities189 Cr222 Cr246 Cr221 Cr267 Cr353 Cr332 Cr388 Cr414 Cr412 Cr
Fixed assets (net)27 Cr26 Cr38 Cr36 Cr34 Cr98 Cr101 Cr121 Cr123 Cr158 Cr
CWIP—0.01 Cr0.33 Cr8 Cr36 Cr7 Cr0 Cr0.07 Cr3 Cr0 Cr
Investments56 Cr82 Cr87 Cr50 Cr91 Cr122 Cr70 Cr100 Cr100 Cr80 Cr
Loans & advances——2 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Inventories32 Cr47 Cr49 Cr51 Cr43 Cr62 Cr62 Cr57 Cr66 Cr68 Cr
Trade receivables52 Cr48 Cr47 Cr41 Cr41 Cr52 Cr53 Cr68 Cr65 Cr87 Cr
Cash & bank10 Cr8 Cr10 Cr10 Cr8 Cr1 Cr9 Cr6 Cr0.85 Cr3 Cr
Other assets11 Cr12 Cr13 Cr25 Cr14 Cr10 Cr35 Cr36 Cr56 Cr15 Cr
Total assets189 Cr222 Cr246 Cr221 Cr267 Cr353 Cr332 Cr388 Cr414 Cr412 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity27 Cr7 Cr22 Cr31 Cr24 Cr-3 Cr16 Cr21 Cr12 Cr55 Cr
Cash from investing-14 Cr-6 Cr-16 Cr-26 Cr-26 Cr-0.55 Cr-0.47 Cr-24 Cr-25 Cr-41 Cr
Cash from financing-5 Cr-3 Cr-5 Cr-4 Cr-0.28 Cr-3 Cr-7 Cr-0.25 Cr7 Cr-12 Cr
Net cash flow8 Cr-2 Cr2 Cr0.45 Cr-3 Cr-7 Cr8 Cr-3 Cr-6 Cr3 Cr
Free cash flow (OCF − Capex)22 Cr4 Cr1 Cr12 Cr6 Cr-36 Cr12 Cr-5 Cr-12 Cr22 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %17.5%14.5%11.0%15.5%12.9%9.1%12.7%11.2%8.2%5.9%
ROE %12.6%9.7%7.6%11.3%9.7%6.7%9.3%8.3%6.3%4.2%
Debtor days53514842576457676484
Inventory days466564708810896839496
Days payable22181823242633272344
Cash conversion cycle77989389120146120122135137
OCF / EBITDA %101.3%28.7%97.5%110.7%81.7%-12.0%41.2%54.1%38.3%232.6%
OCF / EBITDA % (3 years)——76.3%80.0%96.2%61.6%38.9%32.4%45.0%93.4%
Debt / equity0.0071—————0.00—0.030.02
Current ratio4.866.916.154.996.865.385.246.325.133.95
Net debt / EBITDA-0.34-0.34-0.43-0.37-0.26-0.04-0.25-0.160.360.11