ULTRAMARINE & PIGMENTS LTD.-$ (ULTRAMAR) Fair Value & Analysis
Basic Materials · IN · Market cap ₹11.3B
Strengths
Risks
Fair value as of: Aug 13, 2026
From 26 valuation models · updated 7 days ago
Fair value updated Aug 13, 2026, revised from ₹463.17 to ₹456.27 (−1.5%) since Jul 6, 2026.
A solid business, currently priced close to our fair value.
What matters now
- The price sits close to our fair value, market and models broadly agree here, little valuation tension.
- A fairly wide model range (₹251.23 to ₹570.33) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range ₹269.77 – ₹598.80 · fair‑value band ₹251.23 – ₹570.33 · the ₹418.40 price screens below the ₹456.27 fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
ULTRAMARINE & PIGMENTS LTD.-$ (ULTRAMAR) currently trades at ₹418.40, while our model-based Fair Value estimate is ₹456.27, implying the stock looks roughly 9.1% fairly valued today. The Quality Score stands at 62/100 (solid quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
Over the trailing twelve months, ULTRAMARINE & PIGMENTS LTD.-$ generated revenue of ₹7.7B at a net margin of 10.4%. Revenue grew 2.0% year over year. It earns a return on equity of 8.8%. Net debt stands at ₹706M. Fundamentals as of Aug 13, 2026
Our scenario range runs from ₹251.23 (bear case) to ₹570.33 (bull case); at ₹418.40, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 32% below its 52-week high and 15% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -67% fair-value upside, at 9%, ULTRAMAR screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 26 models by family
Widest divergence: DCF Models (₹511.04) versus Dividend Discount (₹96.59). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 62 · Market factors (momentum, volatility) 40
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Ultramarine & Pigments Limited engages in the manufacture and sale of pigments and surfactants in India. It operates through Chemicals and Allied Products, IT Enabled Services, and Wind Turbine Generator segments. The company offers inorganic pigments, detergents, and cosmetic grade surfactants, as well as sulphonation products.
Full company description
Ultramarine & Pigments Limited engages in the manufacture and sale of pigments and surfactants in India. It operates through Chemicals and Allied Products, IT Enabled Services, and Wind Turbine Generator segments. The company offers inorganic pigments, detergents, and cosmetic grade surfactants, as well as sulphonation products. It also owns and operates 6 wind turbine generators with a capacity of 4.3 MW in Tamil Nadu. The company also exports its products. Ultramarine & Pigments Limited was incorporated in 1960 and is based in Mumbai, India.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
ULTRAMARINE & PIGMENTS LTD.-$ reported revenue of ₹7.7B in FY2026 versus ₹4.9B in FY2022, a compound +12.0%/yr. Reported net income was ₹808M in FY2026, compounding +8.5%/yr from FY2022.
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Peer Group
Specialty Chemicals · 677 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Specialty Chemicals median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Linde plc LIN | $479.43 | $222.03 | -54% |
| Wanhua Chemical Group 600309 | ¥75.06 | ¥68.03 | -9% |
| Asian Paints Limited ASIANPAINT | ₹2,630 | ₹696.23 | -74% |
| Solar Industries India Limited SOLARINDS | ₹18,730 | ₹2,793 | -85% |
| Pidilite Industries Limited PIDILITIND | ₹1,702 | ₹351.84 | -79% |
| PT Chandra Asri Pacific Tbk TPIA | 2,160 IDR | 2,322 IDR | +8% |
| Berger Paints India Limited BERGEPAINT | ₹541.00 | ₹156.35 | -71% |
| Gujarat Fluorochemicals Limited FLUOROCHEM | ₹4,680 | ₹724.88 | -85% |
| Himadri Speciality Chemical Limited HSCL | ₹703.65 | ₹229.10 | -67% |
| Enaex S.A ENAEX | 25,050 CLP | 23,574 CLP | -6% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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