Ushanti Colour Chem Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹1.85Overvalued by 98.81%vs CMP ₹156.00

P/E (15.0) × ROE (0.4%) × BV (₹36.00) × DY (2.00%)

Defaults: P/E=15

₹34.00Overvalued by 78.21%vs CMP ₹156.00
MoS: -358.8% (Negative)Confidence: 55/100 (Moderate)Models: All 4: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹1.3041%Over (-99.2%)
Net Asset ValueAssets₹34.8024%Over (-77.7%)
ROCE CapitalReturns₹80.7416%Over (-48.2%)
Revenue MultipleRevenue₹64.0818%Over (-58.9%)
Consensus (4 models)₹34.00100%Overvalued
Key Drivers: EPS CAGR -29.5% drags value — could be higher if earnings stabilize. | ROE 0.4% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -29.5% · Defaults: P/E=15

*Investments are subject to market risks

Analyst Summary

Ushanti Colour Chem Ltd operates in the Dyes & Pigments segment, NSE: Code | BSE: Code, current market price is ₹156.00, market cap is 190 Cr.. At a glance, ROE is 0.42 %, ROCE is 1.29 %, book value is 36.0, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹34.00, around 78.2% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹78 Cr versus the prior period change of 53.9%, while latest net profit is about ₹-7 Cr with a prior-period change of -47.0%. The 52-week range shown on this page is 156/38.0, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisUshanti Colour Chem Ltd. is a Public Limited Listed company incorporated on 12/05/1993 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L…

This summary is generated from the stock page data available for Ushanti Colour Chem Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

49
Ushanti Colour Chem Ltd scores 49/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health41/100 · Moderate
ROCE 1.3% WeakROE 0.4% WeakD/E 0.46 ModerateInterest Coverage 0.0x RiskyProfitable 3/5 years Mixed
Smart Money50/100 · Moderate
Promoter holding at 67.9% Stable
Earnings Quality60/100 · Moderate
OPM stable around 3% SteadyWorking capital: -69 days (improving) Efficient
Quarterly Momentum60/100 · Moderate
Revenue (4Q): +79% YoY AcceleratingOPM: -0.7% (down 4.2% YoY) Margin pressure
Industry Rank30/100 · Weak
ROCE 1.3% vs industry 10.4% Below peersROE 0.4% vs industry 8.0% Below peers3Y sales CAGR: 18% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily.

Share Price and Basic Stock Data

Last Updated: June 12, 2026, 7:45 am

Market Cap 190 Cr.
Current Price 156
Intrinsic Value₹34.00
High / Low 156/38.0
Stock P/E
Book Value 36.0
Dividend Yield0.00 %
ROCE1.29 %
ROE0.42 %
Face Value 10.0
PEG Ratio0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Ushanti Colour Chem Ltd

Competitors

Stock Name Market Cap Current Price High / Low Stock P/E Book Value Dividend Yield ROCE ROE Face Value
Ushanti Colour Chem Ltd 190 Cr. 156 156/38.0 36.00.00 %1.29 %0.42 % 10.0
AksharChem (India) Ltd 162 Cr. 202 331/141 3260.37 %0.19 %0.81 % 10.0
Mahickra Chemicals Ltd 233 Cr. 238 252/11245.1 68.40.08 %12.7 %10.1 % 10.0
Hindprakash Industries Ltd 145 Cr. 127 176/10794.2 43.90.00 %6.96 %3.32 % 10.0
Poddar Pigments Ltd 273 Cr. 257 335/20118.5 3301.56 %5.79 %4.13 % 10.0
Industry Average1,123.29 Cr272.2459.54222.040.43%10.38%8.04%8.13

All Competitor Stocks of Ushanti Colour Chem Ltd

Quarterly Result

MetricMar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025
Sales 21.7112.6022.5521.1126.6327.0016.9920.7330.0036.9241.1355.07
Expenses 19.7011.2719.0219.2524.7926.2217.8320.0128.9536.3640.0055.46
Operating Profit 2.011.333.531.861.840.78-0.840.721.050.561.13-0.39
OPM % 9.26%10.56%15.65%8.81%6.91%2.89%-4.94%3.47%3.50%1.52%2.75%-0.71%
Other Income 0.250.160.320.190.210.332.890.540.770.810.660.87
Interest 0.410.370.240.320.480.330.240.842.212.243.012.24
Depreciation 0.810.650.760.710.920.850.821.161.971.962.102.02
Profit before tax 1.040.472.851.020.65-0.070.99-0.74-2.36-2.83-3.32-3.78
Tax % 26.92%27.66%27.02%26.47%38.46%-71.43%-2.02%109.46%36.02%9.54%17.77%16.67%
Net Profit 0.770.342.080.750.41-0.031.01-1.55-3.22-3.11-3.91-4.42
EPS in Rs 1.000.442.700.970.53-0.040.94-1.44-1.23-1.01-1.34-1.89

Last Updated: December 28, 2025, 4:33 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: December 15, 2025, 4:26 am

MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 46.0335.1547.7343.9950.7378.0596.20
Expenses 40.9130.3143.9944.0448.9776.3695.46
Operating Profit 5.124.843.74-0.051.761.690.74
OPM % 11.12%13.77%7.84%-0.11%3.47%2.17%0.77%
Other Income 0.520.480.403.221.311.471.53
Interest 0.830.600.840.573.045.255.25
Depreciation 1.601.411.631.683.134.064.12
Profit before tax 3.213.311.670.92-3.10-6.15-7.10
Tax % 26.17%27.19%31.14%-6.52%53.87%13.98%
Net Profit 2.372.411.150.98-4.77-7.01-8.33
EPS in Rs 3.083.131.510.91-2.32-2.35-3.23
Dividend Payout % 6.17%0.00%0.00%0.00%0.00%0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)1.69%-52.28%-14.78%-586.73%-46.96%
Change in YoY Net Profit Growth (%)0.00%-53.97%37.50%-571.95%539.77%

Ushanti Colour Chem Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 5 years from 2020-2021 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:%
5 Years:11%
3 Years:18%
TTM:54%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:1%
Stock Price CAGR
10 Years:%
5 Years:7%
3 Years:-7%
1 Year:-27%
Return on Equity
10 Years:%
5 Years:-2%
3 Years:-5%
Last Year:-6%

Last Updated: September 5, 2025, 1:50 pm

Balance Sheet

Last Updated: February 1, 2026, 4:06 am

MonthMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 7.317.307.3010.3010.7011.2411.24
Reserves 17.5619.9925.4436.3133.6133.2631.14
Borrowings 10.8913.2716.5440.4851.5656.6955.63
Other Liabilities 4.835.3511.1113.1313.4318.0923.15
Total Liabilities 40.5945.9160.39100.22109.30119.28121.16
Fixed Assets 18.9618.9119.7422.3463.9161.9667.15
CWIP 0.662.8010.3938.200.481.601.86
Investments 0.130.130.130.000.000.000.00
Other Assets 20.8424.0730.1339.6844.9155.7252.15
Total Assets 40.5945.9160.39100.22109.30119.28121.16

Reserves and Borrowings Chart

Cash Flow

MonthMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity + 0135-55-5
Cash from Investing Activity + -0-3-10-40-9-75
Cash from Financing Activity + -027361337
Net Cash Flow 0001-107
Free Cash Flow -0-2-7-25-142-4
CFO/OP 29%46%91%-9,580%-237%338%-1,213%

Free Cash Flow

MonthMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-5.77-8.43-12.80-40.53-49.80-55.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 72.6497.4080.7587.7969.1759.30
Inventory Days 67.14124.26102.4080.49147.47101.42
Days Payable 37.8768.0097.6684.21104.63106.96
Cash Conversion Cycle 101.91153.6585.5084.07112.0253.76
Working Capital Days 39.254.1543.5169.12-29.22-68.98
ROCE %10.11%5.59%-1.50%-0.21%-0.94%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2021Sep 2021Mar 2022Sep 2022Nov 2022Mar 2023Sep 2023Oct 2023Mar 2024Sep 2024Mar 2025Sep 2025
Promoters 74.53%74.56%74.80%74.80%67.87%70.49%70.49%67.86%67.86%67.86%67.86%67.86%
Public 25.48%25.45%25.21%25.20%32.13%29.51%29.51%32.14%32.14%32.14%32.14%32.14%
No. of Shareholders 2422452452792842803153172952951,2211,218

Shareholding Pattern Chart

No. of Shareholders

Ushanti Colour Chem Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) -2.43-2.471.191.593.31
Diluted EPS (Rs.) -2.43-2.471.191.593.31
Cash EPS (Rs.) -2.62-1.532.583.815.24
Book Value[Excl.RevalReserv]/Share (Rs.) 39.5941.4145.2444.8437.38
Book Value[Incl.RevalReserv]/Share (Rs.) 39.5941.4145.2444.8437.38
Revenue From Operations / Share (Rs.) 69.4647.3842.7065.3748.13
PBDIT / Share (Rs.) 2.812.873.075.617.29
PBIT / Share (Rs.) -0.80-0.051.443.385.36
PBT / Share (Rs.) -5.48-2.900.892.294.54
Net Profit / Share (Rs.) -6.24-4.450.951.583.31
NP After MI And SOA / Share (Rs.) -2.35-2.420.951.593.31
PBDIT Margin (%) 4.046.057.188.5815.15
PBIT Margin (%) -1.15-0.113.375.1711.14
PBT Margin (%) -7.88-6.122.083.509.43
Net Profit Margin (%) -8.98-9.402.222.416.86
NP After MI And SOA Margin (%) -3.38-5.112.232.436.86
Return on Networth / Equity (%) -5.93-5.852.103.558.84
Return on Capital Employeed (%) -1.42-0.081.966.0412.04
Return On Assets (%) -2.21-2.370.971.925.25
Long Term Debt / Equity (X) 0.490.570.610.240.19
Total Debt / Equity (X) 1.271.160.860.500.46
Asset Turnover Ratio (%) 0.680.480.541.000.84
Current Ratio (X) 0.740.891.381.301.62
Quick Ratio (X) 0.470.561.110.891.18
Inventory Turnover Ratio (X) 5.575.203.593.833.19
Interest Coverage Ratio (X) 0.601.015.585.148.85
Interest Coverage Ratio (Post Tax) (X) -0.33-0.562.732.455.01
Enterprise Value (Cr.) 117.32112.76109.3057.1934.50
EV / Net Operating Revenue (X) 1.502.222.481.200.98
EV / EBITDA (X) 37.1236.7034.5613.956.48
MarketCap / Net Operating Revenue (X) 0.841.211.590.850.74
Price / BV (X) 1.481.391.501.250.96
Price / Net Operating Revenue (X) 0.841.211.590.850.74
EarningsYield -0.04-0.040.010.020.09

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Ushanti Colour Chem Ltd. is a Public Limited Listed company incorporated on 12/05/1993 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L24231GJ1993PLC019444 and registration number is 019444. Currently company belongs to the Industry of Dyes & Pigments. Company's Total Operating Revenue is Rs. 123.70 Cr. and Equity Capital is Rs. 13.89 Cr. for the Year ended 31/03/2026.
INDUSTRYADDRESSCONTACT
Dyes & PigmentsNo. 88/8 GIDC, Phase I, Vatva, Ahmedabad Gujarat 382445Contact not found
Management
NamePosition Held
Mr. Maunal Shantilal GandhiChairman & Jt. M. D
Mr. Minku Shantilal GandhiJoint Managing Director
Dr. Purvi TrivediIndependent Director
Ms. Hanisha PatelIndependent Director
Mr. Tejas Pravinkumar ShahIndependent Director

FAQ

What is the intrinsic value of Ushanti Colour Chem Ltd and is it undervalued?

As of 14 June 2026, Ushanti Colour Chem Ltd's intrinsic value is ₹34.00, which is 78.21% lower than the current market price of ₹156.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (0.42 %), book value (₹36.0), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Ushanti Colour Chem Ltd?

Ushanti Colour Chem Ltd is trading at ₹156.00 as of 14 June 2026, with a FY2026-2027 high of ₹156 and low of ₹38.0. The stock is currently near its 52-week high. Market cap stands at ₹190 Cr..

How does Ushanti Colour Chem Ltd's P/E ratio compare to its industry?

Ushanti Colour Chem Ltd has a P/E ratio of , which is below the industry average of 59.54. This is broadly in line with or below the industry average.

Is Ushanti Colour Chem Ltd financially healthy?

Key indicators for Ushanti Colour Chem Ltd: ROCE of 1.29 % is on the lower side compared to the industry average of 10.38%; ROE of 0.42 % is below ideal levels (industry average: 8.04%). Dividend yield is 0.00 %.

Is Ushanti Colour Chem Ltd profitable and how is the profit trend?

Ushanti Colour Chem Ltd reported a net profit of ₹-7 Cr in Mar 2025 on revenue of ₹78 Cr. Compared to ₹1 Cr in Mar 2022, the net profit shows a declining trend.

Does Ushanti Colour Chem Ltd pay dividends?

Ushanti Colour Chem Ltd has a dividend yield of 0.00 % at the current price of ₹156.00. The company is currently not paying meaningful dividends.

Last Updated: June 12, 2026, 7:45 am
Author: Getaka|Social: XLinkedIn
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Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Ushanti Colour Chem Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE