Ultramarine & Pigments approves ₹250 Cr greenfield project

ultramarine & pigments has approved a greenfield project for the manufacture of inorganic pigments at SIPCOT Industrial Park, Manapparai, Tiruchirappalli, Tamil Nadu. The decision was taken by the Board of Directors at its meeting held on May 20, 2026. The company disclosed this information under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The project involves a total investment of ₹250 Crores. It aims to establish a proposed capacity of 2500 MT for inorganic pigments. The company stated that the rationale behind this expansion is to meet future demand.

Project Details

The capacity addition will be executed in a phased manner. The implementation is scheduled over the course of FY 27-28 and FY 28-29. The funding for the project will be managed through a mix of internal accruals and term loan.

Particulars	Details
Proposed capacity	2500 MT
Investment required	250 Crores
Mode of financing	Mix of internal accruals and term loan
Implementation period	FY 27-28 and FY 28-29
Rationale	Capacity expansion to meet future demand

The Board meeting commenced at 11.00 A.M. (IST) and concluded at 03.40 P.M. (IST) on May 20, 2026.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.54%	-0.99%	-1.24%	-2.98%	-2.98%	-2.98%

Ultramarine & Pigments reported its audited financial results for the financial year ended March 31, 2026. The company's consolidated net profit for the year rose to ₹807.8 million, compared to ₹750.5 million in the previous year. Revenue from operations increased to ₹7.86 billion from ₹7.07 billion in the corresponding period of the prior year. The company also published the extract of these audited financial results in newspapers on May 21, 2026, under Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

The company demonstrated growth across key financial metrics during the fiscal year. The following table summarizes the consolidated annual performance:

Metric:	FY 2026 (₹ in Lakhs)	FY 2025 (₹ in Lakhs)
Revenue from Operations:	78641	70710
Total Income:	78641	70710
Net Profit for the Period:	8078	7505
Basic EPS (₹):	27.66	25.70

For the quarter ended March 31, 2026, the company recorded a consolidated net profit of ₹141.5 million on revenue of ₹2.02 billion. Standalone net profit for the quarter stood at ₹123.9 million.

Dividend Declaration

The Board of Directors has recommended a final dividend of ₹6 per share for the financial year ended March 31, 2026. This dividend is applicable on equity shares of ₹2 each and is subject to approval by the shareholders at the Annual General Meeting.

Operational Highlights

The Board approved a greenfield project for the manufacture of inorganic pigments at SIPCOT Industrial Park, Manapparai, Tiruchirappalli, Tamil Nadu. The project entails an investment of ₹250 Crores and will add a proposed capacity of 2500 MT. The funding will be a mix of internal accruals and term loan, with capacity to be added in a phased manner over the course of FY 27-28 and FY28-29. The financial results were reviewed by the Audit Committee on May 20, 2026, and subsequently approved by the Board.