Ultramarine FY26 Net Profit Rises, Dividend ₹6
Ultramarine & Pigments reported a rise in consolidated net profit to ₹807.8 million for FY26, up from ₹750.5 million in the previous year, while revenue from operations grew to ₹7.86 billion. The Board recommended a final dividend of ₹6 per share, subject to shareholder approval. Additionally, the company published the extract of its audited financial results in newspapers on May 21, 2026.

*this image is generated using AI for illustrative purposes only.
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.
Historical Stock Returns for Ultramarine & Pigments
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.41% | +1.47% | -7.68% | -10.44% | -10.44% | -10.44% |
How will the ₹250 Crore greenfield inorganic pigments facility at Manapparai impact Ultramarine & Pigments' market share and competitive positioning once it reaches full capacity by FY2028-29?
What proportion of the greenfield project funding will come from term loans versus internal accruals, and how might this debt exposure affect the company's financial ratios and dividend sustainability going forward?
Given the 11.2% revenue growth in FY2026, which specific product segments or export markets are expected to be the primary demand drivers for the new 2500 MT inorganic pigments capacity?

































