Poddar Pigments Limited (PODDARMENT)

Loading page…

Poddar Pigments Limited (PODDARMENT) · mywealthgrid

About

Poddar Pigments Limited manufactures dyes and pigments for industrial applications, with quarterly standalone revenue around ₹90 Cr. At ₹268.66 Cr market cap, it is a micro-cap player with 62.43% promoter holding and minimal institutional presence.

Face value: ₹10

Market cap

₹269 Cr

P/E

17.6×

P/B

0.8×

Dividend yield

3.2%

ROE

4.1%

ROCE

5.7%

Debt / equity

0.02

OPM

6.3%

EPS (TTM)

₹14.4

Book value

₹330.5

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Margin compression: operating margin fell from 8.05% (Mar 2025) to 5.95% (Jun 2026) — verify whether due to input costs, pricing pressure, or other factors

Revenue stagnation: quarterly revenue has oscillated between ₹87–100 Cr over eight quarters with no clear uptrend; verify demand drivers for the sector

Low capital efficiency: ROE of 4.13% suggests poor returns on equity; assess whether tied to sector cycles or company-specific constraints

Minimal institutional investor presence: FII at 0% and DII at 0.23% create liquidity risk; verify depth of public market participation

Generated analysis · source review pending

Growth drivers

Margin recovery: OPM at 5.95% (Jun 2026) trails the Mar 2025 peak of 8.05% by 210 bps; restoration would improve profitability without revenue growth

Revenue stabilization: stable ₹90 Cr quarterly base seen in five of eight recent quarters suggests underlying demand; verify if Mar 2026 peak of ₹100.45 can be sustained

Cash generation: dividend payments from 2021–2025 indicate strong cash flow; verify whether capex constraints have limited revenue growth

Generated analysis · source review pending

2,434 historical price candles were omitted because the exchange source has not been verified.

₹253.7-2.1%1Y

Quick read

rule-based

Pros

+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 18.4×
+Dividend yield of 3.2%
+Dividend payout of 55.6% of profit
+High promoter holding of 62.4% with no pledge

Cons

−Low return on equity of 6.5% (3-yr avg)
−Thin operating margin of 6.3%
−Profit declined 9% a year over the last 5 years
−Modest revenue growth of 7.5% a year over the last 5 years

Research score

Structured signal from quality, growth, valuation and momentum.

46/100

Business quality: 41
Growth

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

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Sudarshan Chemical Industries LimitedSUDARSCHEMSUDARSCHEM	₹9,758 Cr	₹11,877 Cr	₹9,922 Cr	₹656 Cr	6%	₹72 Cr	0.4%	4.7%	0.6%	129
Kiri Industries LimitedKIRIINDUSKIRIINDUS	₹3,551 Cr	₹3,591 Cr	₹950 Cr	₹-189 Cr	-26.3%	₹5,847 Cr	663%	-1.7%	115%	-62
Bodal Chemicals LimitedBODALCHEMBODALCHEM	₹2,389 Cr	₹3,189 Cr	₹2,267 Cr	₹183 Cr	8%	₹69 Cr	2.4%	8.4%	4.2%	105
Bhageria Industries LimitedBHAGERIABHAGERIA	₹1,666 Cr	₹1,767 Cr	₹1,003 Cr	₹116 Cr	10.4%	₹69 Cr	5.1%	9.9%	8%	56
Shree Pushkar Chemicals & Fertilisers LimitedSHREEPUSHKSHREEPUSHK	₹1,588 Cr	₹1,715 Cr	₹1,002 Cr	₹102 Cr	10.2%	₹72 Cr	7.2%	14.2%	12.2%	53
Ultramarine & Pigments LimitedULTRAMARULTRAMAR	₹1,186 Cr	₹1,265 Cr	₹775 Cr	₹124 Cr	16%	₹81 Cr	10.4%	10.7%	8.8%	—
Sudarshan Colorants India LimitedSUDARCOLORSUDARCOLOR	₹850 Cr	₹850 Cr	₹791 Cr	₹72 Cr	9.1%	₹41 Cr	5.2%	12.2%	9.1%	—
Asahi Songwon Colors LimitedASAHISONGASAHISONG	₹438 Cr	₹579 Cr	₹575 Cr	₹71 Cr	9.3%	₹34 Cr	3.3%	10.4%	7.1%	85
Aksharchem India LimitedAKSHARCHEMAKSHARCHEM	₹303 Cr	₹412 Cr	₹416 Cr	₹33 Cr	4.6%	₹14 Cr	-0.1%	0.2%	-0.2%	92
Poddar Pigments LimitedPODDARMENTPODDARMENT	₹269 Cr	₹275 Cr	₹374 Cr	₹22 Cr	6.3%	₹15 Cr	3.9%	5.7%	4.1%	137
Hindprakash Industries LimitedHPILHPIL	₹130 Cr	₹161 Cr	₹100 Cr	₹4 Cr	2.6%	₹2 Cr	1.6%	8.2%	3.2%	—

Loading peers…

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 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	326	92	92	357	357	261	296	341	369	369	375
COGS	-254	64	64	135	269	181	207	236	254	253	256
Gross profit	—	28	28	222	87	80	88	105	115	115	118
	557	20	20	200	60	50	62	67	75	83	95
	24	8	8	23	28	30	27	38	39	32	24
OPM %	7.2%	8.3%	8.3%	6.4%	7.8%	11.4%	9%	11.1%	10.7%	8.7%	6.3%
Depreciation	3	1	1	3	3	2	2	6	7	8	9
Interest	0	0	0	0	0	0	0	0	0	1	1
	5	1	1	4	4	4	5	6	7	7	7
Profit before tax	25	8	8	24	29	31	29	37	39	30	20
Tax	7	2	2	7	8	7	7	10	10	8	5
Tax %	26.9%	31.7%	31.7%	30%	26.3%	23.6%	25.7%	25.9%	25.8%	24.8%	26.4%
	18	5	5	17	21	24	21	27	29	23	15
PAT margin %	5.6%	5.7%	5.7%	4.6%	6%	9.1%	7.2%	8%	7.8%	6.2%	3.9%
EPS (₹)	17.3	5	5	15.6	20	22.3	20	25.8	27.2	21.5	13.9
EPS adjusted (₹)	17.3	5	5	15.6	20	22.3	20	25.8	27.2	21.5	13.9
	14.5%	70.4%	70.4%	19.2%	0%	11.2%	12.5%	13.6%	14.7%	18.6%	28.8%
Annual report	Annual report for Mar 2016	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 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	11	11	11	11	11	11	11	11	11	11	11
Reserves	99	99	187	208	178	232	307	283	338	353	340
	3	3	—	—	—	0	0	0	0	12	6
	24	24	25	27	33	24	35	38	40	38	55
Total equity & liabilities	137	137	222	246	221	267	353	332	388	414	412
	—	26	26	38	36	35	98	101	121	123	159
CWIP	—	0	0	0	8	36	7	0	0	3	0
Investments	12	12	82	87	50	91	122	70	100	100	80
	125	99	115	120	127	105	125	160	168	188	172
Total assets	137	137	222	246	221	267	353	332	388	414	412

Loading financials…

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 %	62.3%	24.5%	30.7%	29.9%	30.8%	31.1%	31.2%	31.6%
EBITDA margin %	6.4%	7.8%	11.4%	9%	11.1%	10.7%	8.7%	6.3%
EBIT margin %	5.5%	6.9%	10.6%	8.3%	9.3%	8.8%	6.5%	3.8%
PAT margin %	4.6%	6%	9.1%	7.2%	8%	7.8%	6.2%	3.9%
Working capital
Receivable days	48	42	57	65	57	67	64	84
Inventory days	133	69	87	110	97	82	94	97
Payable days	—	—	24	26	33	27	23	44
NWC days	—	—	120	148	121	122	136	137
Leverage
Current ratio	6.15	4.99	6.86	5.38	5.24	6.32	5.13	3.95
Debt to EBITDA	—	—	0	0	0	0	0.38	0.26
Debt to equity	—	—	0	0	0	0	0.03	0.02
Interest coverage	50.2	97.1	111.5	76.3	137.6	156.4	54.2	18.4
Asset turnover	1.45	1.61	0.98	0.84	1.03	0.95	0.89	0.91
Return ratios
Return on assets %	6.7%	9.6%	8.9%	6%	8.2%	7.4%	5.5%	3.6%
Return on capital employed %	11.3%	14%	14.2%	10.1%	11.9%	11.8%	8.4%	5.7%
Return on equity %	7.6%	11.3%	9.7%	6.7%	9.3%	8.3%	6.3%	4.2%

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.

Loading ratios…

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
	62.43%	62.43%	62.43%	62.43%	62.43%	62.43%	62.43%	62.43%	62.43%	62.43%	62.43%	62.43%
FII	0.48%	0.48%	0.2%	0%	0.13%	0%	0%	0%	0%	0%	0%	0%
	0.24%	0.24%	0.24%	0.24%	0.24%	0.23%	0.23%	0.23%	0.23%	0.23%	0.23%	0.23%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	36.85%	36.85%	37.13%	37.33%	37.2%	37.34%	37.34%	37.34%	37.34%	37.34%	37.34%	37.34%
No. of shareholders	—	—	—	—	—	—	—	—	10,000	9,691	9,416	9,272

Promoter holding up 0 percentage points since Sep 2023.

Mr. Shiv Shankar PoddarExecutive Director-Chairperson related to Promoter-MD
Mr. Gaurav GoenkaExecutive Director-CEO-MD
Mrs. Mahima Poddar AgarwalNon-Executive - Non Independent Director
Mr. Gajendra Kumar BhandariNon-Executive - Independent Director
Mr. Ramaseshan MohanNon-Executive - Independent Director
Mr. Visvanathan MuthukumarNon-Executive - Independent Director
Mr. Yug MahesshwariChief Financial Officer
Mr. Rajeev KumarCompany Secretary & Compliance Officer

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

Loading shareholding…

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.

Loading f&o…

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 Poddar Pigments Limited. Portfolios are published monthly by each AMC; coverage is still partial.

Loading fund holders…

Documents

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

Announcements

Loading documents…

Events

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

Loading events…

Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

16 announcementsExport CSV

27 Aug 2026, 1:18 pmCorp. Action

Intimation Of Record Date

Record Date PDF

Loading announcements…

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	62.3%	24.5%	30.7%	29.9%	30.8%	31.1%	31.2%	31.6%
EBITDA margin %	6.4%	7.8%	11.4%	9%	11.1%	10.7%	8.7%	6.3%
EBIT margin %	5.5%	6.9%	10.6%	8.3%	9.3%	8.8%	6.5%	3.8%
PAT margin %	4.6%	6%	9.1%	7.2%	8%	7.8%	6.2%	3.9%
Working capital
Receivable days	48	42	57	65	57	67	64	84
Inventory days	133	69	87	110	97	82	94	97
Payable days	—	—	24	26	33	27	23	44
NWC days	—	—	120	148	121	122	136	137
Leverage
Current ratio	6.15	4.99	6.86	5.38	5.24	6.32	5.13	3.95
Debt to EBITDA	—	—	0	0	0	0	0.38	0.26
Debt to equity	—	—	0	0	0	0	0.03	0.02
Interest coverage	50.2	97.1	111.5	76.3	137.6	156.4	54.2	18.4
Asset turnover	1.45	1.61	0.98	0.84	1.03	0.95	0.89	0.91
Return ratios
Return on assets %	6.7%	9.6%	8.9%	6%	8.2%	7.4%	5.5%	3.6%
Return on capital employed %	11.3%	14%	14.2%	10.1%	11.9%	11.8%	8.4%	5.7%
Return on equity %	7.6%	11.3%	9.7%	6.7%	9.3%	8.3%	6.3%	4.2%

Date	Category	Subject	Filing
27 Aug 2026, 1:18 pm	Corp. Action Record Date	Intimation Of Record Date	PDF
27 Aug 2026, 1:05 pm	Others Reg. 34 (1) Annual Report	Reg. 34 (1) Annual Report.	PDF
22 Aug 2026, 12:30 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
15 Aug 2026, 11:01 am	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
14 Aug 2026, 1:59 pm	AGM/EGM AGM	Intimation Of 35Th Annual General Meeting	PDF
14 Aug 2026, 1:53 pm	Result Financial Results	Unaudited Financial Results For The Quarter Ended 30.06.2026	PDF
14 Aug 2026, 1:49 pm	Board Meeting Outcome of Board Meeting	Board Meeting Outcome for Outcome Of Board Meeting	PDF
13 Jul 2026, 11:27 am	Company Update Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018	Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018	PDF

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	4	27	7	22	31	24	-3	16	21	12	55
	-8	-14	-6	-16	-26	-27	-1	-0	-24	-25	-41
	-1	-5	-3	-5	-4	-0	-3	-7	-0	7	-12
Net cash flow	-5	8	-2	2	0	-3	-7	8	-3	-6	3
Free cash flow	—	22	5	1	12	6	-36	12	-5	-12	23
CFO / Operating profit %	18.7%	355.2%	91.4%	97.5%	110.6%	81.7%	-12%	41.2%	54.1%	38.3%	232.5%

Poddar Pigments Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Announcements

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Credit ratings

14

1

Compounded sales growth

Compounded profit growth

Return on equity

Poddar Pigments Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Announcements

Ratio timeline

Quarterly record

Board and management

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Credit ratings

Dividends14

Board meetings1

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

14

1