Organic Coatings Ltd (ORGCOAT)

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Organic Coatings Ltd (ORGCOAT) · mywealthgrid

About

Organic Coatings Ltd operates in Specialty Chemicals within the Materials sector.

Face value: ₹10

Market cap

₹20 Cr

P/E

—

P/B

974.1×

Dividend yield

ROE

-197%

ROCE

-40.5%

Debt / equity

508

OPM

-6.2%

EPS (TTM)

₹-2.1

Book value

₹0.0

52-week high

—

52-week low

—

1,589 historical price candles were omitted because the exchange source has not been verified.

₹19.5+10.2%1Y

Quick read

rule-based

Pros

+Revenue CAGR of 15.4% over the last 5 years

Cons

−Low return on equity of -107.8% (3-yr avg)
−Heavily leveraged (debt/equity 508)
−Weak interest coverage of -3.6×
−Trading at 974.1× book value
−Low promoter holding of 6.1%
−Promoter holding fell 23.7 pts over the last year

Research score

Structured signal from quality, growth, valuation and momentum.

20/100

Business quality: 0
Growth: 9

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	30	37	36	27	14	22	23	27	29	28
COGS	-21	-28	-27	-20	10	17	17	18	21	20
Gross profit	—	—	—	—	4	5	6	9	7	8
	49	63	62	46	4	5	5	7	8	10
	2	2	1	1	0	0	1	2	-0	-2
OPM %	7.7%	5.2%	3.4%	4.5%	1.2%	2.1%	5.9%	6.9%	-0.5%	-6.2%
Depreciation	1	1	1	1	1	1	1	1	1	1
Interest	1	1	1	1	1	1	1	1	1	1
	0	1	0	1	0	0	0	0	0	0
Profit before tax	-0	0	-1	-1	-2	-2	-1	-0	-2	-3
Tax	—	—	—	—	0	0	0	0	0	0
Tax %	—	—	—	—	0%	1.5%	0%	0%	0%	0%
	0	0	-1	-1	-2	-2	-1	-0	-2	-3
PAT margin %	0.4%	0.1%	-3%	-1.8%	-15.7%	-9.1%	-4.2%	-1.8%	-7.3%	-11.6%
EPS (₹)	0.7	0	-1.4	-0.7	-2.8	-2.6	-1.2	-0.6	-2.1	-3.3
EPS adjusted (₹)	—	—	-1.4	-0.7	-2.8	-2.6	-1.2	-0.6	-2.1	-3.3
Annual report	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	8	8	8	8	8	8	10	10
Reserves	-0	-1	-3	-5	-6	-6	-7	-10
Minority interest	—	0	0	0	—	—	—	—
	8	9	13	12	12	11	8	10
	16	6	5	8	6	7	7	14
Total equity & liabilities	31	22	22	22	20	19	18	24
	14	13	12	10	10	9	9	9
CWIP	—	—	0	0	0	0	0	0
Investments	—	—	0	0	0	0	0	0
	17	9	11	12	10	10	9	15
Total assets	31	22	22	22	20	19	18	24

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	30%	24.6%	26.9%	33.7%	25.9%	27.7%
EBITDA margin %	3.4%	4.5%	1.2%	2.1%	5.9%	6.9%	-0.5%	-6.2%
EBIT margin %	-0.4%	-0.3%	-8.3%	-2.8%	1.7%	3.4%	-3.4%	-9.5%
PAT margin %	-3%	-1.8%	-15.7%	-9.1%	-4.2%	-1.8%	-7.3%	-11.6%
Working capital
Receivable days	86	55	146	107	99	87	61	105
Inventory days	52	48	128	74	66	64	57	96
Payable days	112	72	174	148	111	126	100	215
NWC days	27	31	99	34	54	25	19	-14
Leverage
Current ratio	0.95	0.79	1.06	0.87	0.89	0.83	0.89	0.74
Debt to EBITDA	6.86	7.72	78.63	26.54	8.82	5.9	—	—
Debt to equity	1.15	1.39	2.73	4.66	7.14	9.12	2.35	508
Interest coverage	0.1	0.6	-0.5	-0.3	0.4	0.7	-0.8	-3.6
Asset turnover	1.14	1.24	0.61	0.99	1.16	1.4	1.63	1.16
Return ratios
Return on assets %	-3.4%	-2.3%	-9.6%	-8.9%	-4.8%	-2.5%	-11.8%	-13.4%
Return on capital employed %	0.7%	5.1%	-6.2%	-4.4%	6%	12.4%	-12.3%	-40.5%
Return on equity %	-14.5%	-7.4%	-46.6%	-76.3%	-56.5%	-39.5%	-63.8%	-16,300%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	55.83%	55.83%	55.83%	55.83%	55.83%	52.19%	38%	29.73%	22.54%	6.06%	6.06%	6.06%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	0%	0%	0%	0%	0%	0%	0%	0%	0.5%	0.5%	0.5%	0.5%
	44.17%	44.17%	44.17%	44.17%	44.17%	47.81%	62%	70.27%	76.96%	93.44%	93.44%	93.44%
No. of shareholders	—	—	—	—	—	—	—	—	2,794	2,761	2,736	2,733

Promoter holding down 49.77 percentage points since Sep 2023.

12 deals · 16 Jan 2024 – 6 Nov 2024

Date	Client	Type	Venue	Side	Quantity	Price	Value
6 Nov 2024	DIVYA KANDA	Bulk	BSE	Buy	39,000	₹27.83	₹0.11 Cr
30 Oct 2024	MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED	Bulk	BSE	Buy	43,824	₹28.23	₹0.12 Cr
25 Oct 2024	GREEN PEAKS ENTERPRISES LLP	Bulk	BSE	Sell	52,056	₹36.15	₹0.19 Cr
25 Oct 2024	SETU SECURITIES PVT. LTD.	Bulk	BSE	Buy	48,674	₹32.98	₹0.16 Cr
25 Oct 2024	SETU SECURITIES PVT. LTD.	Bulk	BSE	Sell	46,590	₹33.09	₹0.15 Cr
25 Oct 2024	GREEN PEAKS ENTERPRISES LLP	Bulk	BSE	Buy	32,002	₹36.16	₹0.12 Cr
7 Oct 2024	JMKD BROKING PRIVATE LIMITED	Bulk	BSE	Sell	54,000	₹21.98	₹0.12 Cr
7 Oct 2024	SHAH DIPAK KANAYALAL	Bulk	BSE	Sell	50,000	₹19.99	₹0.10 Cr
7 Oct 2024	JAINAM UDAY SHAH	Bulk	BSE	Buy	45,000	₹20.10	₹0.09 Cr
30 Sept 2024	SANJAY B SHAH (HUF)	Bulk	BSE	Sell	50,000	₹18.13	₹0.09 Cr

1–10 of 12

1 / 2

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. ABHAY R. SHAHJoint Managing Director
Mrs. Chitkala U.Non-Executive - Independent Director
Mr. AJAY R. SHAHWhole Time Director
Mr. Nikhil D. SadaranganiDirector
Mr. Parth M. PatelDirector
Mr. Subhash Ambubhai PatelNon-Executive - Independent Director
Mr. Ramanathan GaneshNon-Executive - Independent Director
Mr. Subhash Ambubhai PatelIndependent Director

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Organic Coatings Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

1

Dividend dividend16 Sept 2010 · ex-date₹0.5

1

Board meeting to consider results14 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

27 announcementsExport CSV

1 Oct 2026, 9:57 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Management

Change in Management PDF

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	30%	24.6%	26.9%	33.7%	25.9%	27.7%
EBITDA margin %	3.4%	4.5%	1.2%	2.1%	5.9%	6.9%	-0.5%	-6.2%
EBIT margin %	-0.4%	-0.3%	-8.3%	-2.8%	1.7%	3.4%	-3.4%	-9.5%
PAT margin %	-3%	-1.8%	-15.7%	-9.1%	-4.2%	-1.8%	-7.3%	-11.6%
Working capital
Receivable days	86	55	146	107	99	87	61	105
Inventory days	52	48	128	74	66	64	57	96
Payable days	112	72	174	148	111	126	100	215
NWC days	27	31	99	34	54	25	19	-14
Leverage
Current ratio	0.95	0.79	1.06	0.87	0.89	0.83	0.89	0.74
Debt to EBITDA	6.86	7.72	78.63	26.54	8.82	5.9	—	—
Debt to equity	1.15	1.39	2.73	4.66	7.14	9.12	2.35	508
Interest coverage	0.1	0.6	-0.5	-0.3	0.4	0.7	-0.8	-3.6
Asset turnover	1.14	1.24	0.61	0.99	1.16	1.4	1.63	1.16
Return ratios
Return on assets %	-3.4%	-2.3%	-9.6%	-8.9%	-4.8%	-2.5%	-11.8%	-13.4%
Return on capital employed %	0.7%	5.1%	-6.2%	-4.4%	6%	12.4%	-12.3%	-40.5%
Return on equity %	-14.5%	-7.4%	-46.6%	-76.3%	-56.5%	-39.5%	-63.8%	-16,300%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Gujarat Fluorochemicals LimitedFLUOROCHEMFLUOROCHEM	₹47,713 Cr	₹49,912 Cr	₹5,303 Cr	₹1,375 Cr	25.8%	₹615 Cr	11.5%	11.1%	7.6%	401
Navin Fluorine International LimitedNAVINFLUORNAVINFLUOR	₹41,740 Cr	₹42,967 Cr	₹3,634 Cr	₹1,232 Cr	32.6%	₹790 Cr	20%	21.6%	20.1%	61
Aether Industries LimitedAETHERAETHER	₹22,161 Cr	₹22,603 Cr	₹1,224 Cr	₹384 Cr	31.3%	₹235 Cr	19.8%	13.2%	9.4%	330
Atul LimitedATULATUL	₹17,231 Cr	₹17,411 Cr	₹6,643 Cr	₹1,189 Cr	16.4%	₹704 Cr	11%	14.1%	11.5%	70
Aarti Industries LimitedAARTIINDAARTIIND	₹16,869 Cr	₹21,790 Cr	₹9,012 Cr	₹1,337 Cr	14.1%	₹531 Cr	5.1%	8.8%	7.3%	54
Fine Organic Industries LimitedFINEORGFINEORG	₹15,752 Cr	₹15,797 Cr	₹2,472 Cr	₹535 Cr	20.4%	₹438 Cr	17.6%	21.6%	16.8%	113
Basf India LimitedBASFBASF	₹14,796 Cr	₹14,796 Cr	₹16,177 Cr	₹952 Cr	4.4%	₹643 Cr	2.8%	14%	11.1%	40
Privi Speciality Chemicals LimitedPRIVISCLPRIVISCL	₹13,970 Cr	₹14,980 Cr	₹2,671 Cr	₹666 Cr	25.2%	₹342 Cr	12.4%	27.7%	25.2%	158
Sudeep Pharma LimitedSUDEEPPHRMSUDEEPPHRM	₹13,546 Cr	₹13,694 Cr	₹676 Cr	₹233 Cr	34.6%	₹133 Cr	27.1%	31.1%	25.2%	366
Anupam Rasayan India LimitedANURASANURAS	₹13,243 Cr	₹15,058 Cr	₹2,535 Cr	₹563 Cr	22.2%	₹175 Cr	9.4%	9.1%	5.5%	377
Vinati Organics LimitedVINATIORGAVINATIORGA	₹12,528 Cr	₹12,528 Cr	₹2,381 Cr	₹665 Cr	29.4%	₹448 Cr	19.9%	18.8%	14.9%	152
Elantas Beck India LimitedELANTASELANTAS	₹10,644 Cr	₹10,644 Cr	₹778 Cr	₹147 Cr	20.3%	₹136 Cr	17.4%	20.6%	15.8%	70

Date	Category	Subject	Filing
1 Oct 2026, 9:57 pm	Company Update Change in Management	Announcement under Regulation 30 (LODR)-Change in Management	PDF
1 Oct 2026, 9:34 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
1 Oct 2026, 9:09 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
29 Sept 2026, 9:32 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
9 Sept 2026, 4:42 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
8 Sept 2026, 6:48 pm	Corp. Action Record Date	Revised Intimation Of Record Date Of Organic Coatings Limited	PDF
8 Sept 2026, 6:21 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
7 Sept 2026, 11:52 pm	Company Update General	Letter To Shareholders - Annual Report FY 2025-26	PDF

₹ Cr	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	0	-1	-1	1	2	3	1	0
	-0	0	0	0	-0	-0	-1	-1
	-0	-0	2	-2	-2	-3	-0	2
Net cash flow	0	-1	1	-0	-0	0	0	1
Free cash flow	0	-1	-1	1	2	3	0	-1
CFO / Operating profit %	37.2%	-62%	-793.8%	302.2%	114%	146.7%	—	—

Organic Coatings Ltd

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Dividends1

Board meetings1

Announcements

Dividends1

Board meetings1

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Return on equity

1

1

1

1