1. India Stocks

  2. •

    Process industries

  3. •

    Chemicals: specialty
Ducol Organics & Colours Ltd.

Ducol Organics & Colours Ltd.

NNSE:DUCOL
107.05
INR
-16.95
(-13.67%)
1.47BMarket Cap
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
50.33
53.59
56.6
62.4
51.81
47.43
83.36
- -
Basic EPS, GAAP
0.05
1.94
2.38
4.2
3.3
2.84
4.45
- -
Free Cash Flow per Basic Share
2.79
6.6
5.44
3.69
8.38
11.38
-19.44
- -
Dividend per Share
- -
- -
0.21
0.21
0.75
0.45
- -
- -
Book Value per Share
9.67
11.62
15.19
41.73
44.23
55.38
59.73
59.73
Tangible Book Value per Share
9.67
11.62
15.19
41.72
44.22
55.37
45.54
45.54
Basic Weighted Avg Shares
15
15
15
15
15
16
16
16
Sales/Revenue/Turnover
732
779
823
907
753
773
1,358
- -
Operating Margin (%)
4.12
7.22
9.44
12.68
6.64
6.29
8.34
- -
Depreciation Expense
17
12
12
14
26
26
34
- -
Net Income, GAAP
1
28
35
61
48
46
72
- -
Effective Tax Rate (%)
75.85
17.17
28.31
35.85
25.53
25.39
19.09
- -
Profit Margin (%)
0.1
3.61
4.2
6.74
6.38
5.98
5.33
- -
Working Capital
128
105
110
202
107
424
319
319
LT Debt
173
125
110
108
69
12
243
243
Total Equity
141
169
221
607
643
902
973
973
Return on Invested Capital (%)
- -
12.77
12.69
12.05
4.2
3.56
5.72
- -
Return on Capital (%)
- -
14.24
13.88
12.06
7.58
5.83
6.86
- -
Return on Common Equity (%)
- -
18.18
17.72
14.77
7.69
5.98
7.73
- -

Capital Structure

INR

•

in mil. unless spec.
Mar'24
Sep'26
Mar'26
ST Debt
144
162
183
LT Borrowings
59
240
231
LT Finance Leases
9
14
12
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
15
16
16
Market Capitalization
1,310
2,645
1,471

Working Capital

INR

•

in mil. unless spec.
Mar'24
Sep'26
Mar'26
Total Current Assets
386
774
787
Cash, Cash Equivalents & STI
57
265
209
Accounts Receivable, Net
122
218
275
Inventories
198
254
278
Total Current Liabilities
279
453
468
Payables & Accruals
- -
- -
- -
ST Debt
144
162
183
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
51.92%
7.86%
Free Cash Flow
- -
-28.21%
-270.73%
Net Income, GAAP
- -
26.24%
56.68%
Sales/Revenue/Turnover
- -
15.45%
75.75%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
753
2025
- -
- -
773
2026
- -
- -
1,358

Semi-annual Earnings Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
3.3
2025
- -
- -
2.84
2026
- -
- -
4.45

Semi-annual Dividends Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.75
2025
- -
- -
0.45
2026
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Aamer Ahmed Farid
Full Time Employees
192
Sector
Process industries
Industry
Chemicals: specialty
Address
MIDC Industrial Area Raigad MA India 410208
IPO Date
Jan 19, 2023
Website
ducol.com
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Business
Ducol Organics & Colours Ltd. manufactures and distributes pigment dispersions, preparations, concentrates, pastes, colorants, and masterbatches for industries including paints, printing inks, plastics, textiles, detergents, paper, rubber, leather, soaps, and fast-moving consumer goods (FMCG). The company offers water-based dispersions for paints, inks, textiles, paper, and detergents; polymer dispersions (masterbatches) for plastics; and dry dispersions for detergents, rubber, and cement. In fiscal year 2025, Ducol expanded its portfolio through the acquisition of Bitumag Industries Pvt. Ltd., adding polymer-modified bitumen-based waterproofing membranes and construction chemicals with an installed capacity of 10 million square meters per annum, targeting real estate, infrastructure, bridges, and tunnels. Founded in 1994 and headquartered in Mumbai, India, the company maintains manufacturing facilities at Taloja (MIDC Industrial Area, Raigad) and Mahad, with ongoing capacity expansions including the commissioning of Shed I at Mahad, Project M2 targeted for fiscal 2026, and upgrades at Taloja Unit II to reach up to 45,000 MTPA. Ducol serves a pan-India customer base alongside exports to the United States, Central America, Asia Pacific, the Middle East, Europe, Africa, and other regions, maintaining enduring partnerships with top-tier clients in its core sectors. The company listed as an SME on the National Stock Exchange of India in 2022 following its conversion to a public limited company.