Ultramarine & Pigments Limited (ULTRAMAR) Fair Value & Analysis
Basic Materials · IN · Market cap ₹11.3B
Fair value as of: Jul 6, 2026
From 26 valuation models · updated today
Share price −2.3% over the past month.
Price vs Fair Value (12 months)
12‑month range ₹365.95 – ₹598.80 · fair‑value band ₹300.17 – ₹585.01 · the ₹387.40 price screens below the ₹463.17 fair value. As of Jul 6, 2026.
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Ultramarine & Pigments Limited (ULTRAMAR) currently trades at ₹387.40, while our model-based Fair Value estimate is ₹463.17 — implying the stock looks roughly 19.6% undervalued today. We read business quality at 55/100 (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 Limited 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 Jul 6, 2026
Our scenario range runs from ₹300.17 (bear case) to ₹585.01 (bull case); at ₹387.40, the current price sits within that range. The share trades about 37% below its 52-week high and 6% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -57% fair-value upside — at 20%, ULTRAMAR screens cheaper than that median.
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jul 6, 2026. TTM = trailing twelve months.
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. 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.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Ultramarine & Pigments Limited 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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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.
Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.