Ultramarine & Pigments Analysis

dividend

Pros

• Dividends per share have increased over the past 10 years.
• Dividends paid are well covered by earnings (4.2x coverage).
• Ultramarine & Pigments's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.76%).

Cons

• Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
• Ultramarine & Pigments's dividend is below the markets top 25% of dividend payers in India (3.08%).

health

Pros

• Ultramarine & Pigments is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
• Ultramarine & Pigments is profitable, therefore cash runway is not a concern.
• Ultramarine & Pigments is profitable, therefore cash runway is not a concern.
• Debt is well covered by operating cash flow (234.6%, greater than 20% of total debt).
• Debt is covered by short term assets, assets are 8.1x debt.
• Ultramarine & Pigments's cash and other short term assets cover its long term commitments.
• Interest payments on debt are well covered by earnings (EBIT is 61.1x coverage).
• Ultramarine & Pigments's level of debt (6.7%) compared to net worth is satisfactory (less than 40%).

Cons

• High level of physical assets or inventory.

management

Pros

• The tenure for the Ultramarine & Pigments board of directors is about average.
• Tara's compensation has been consistent with company performance over the past year, both up more than 20%.

Cons

• Tara's remuneration is higher than average for companies of similar size in India.
• Ultramarine & Pigments individual insiders have only sold shares in the past 3 months.

misc

Pros

Cons

• Ultramarine & Pigments is not covered by any analysts.
• Ultramarine & Pigments has significant price volatility in the past 3 months.

past

Pros

• Ultramarine & Pigments has delivered over 20% year on year earnings growth in the past 5 years.
• Ultramarine & Pigments used its assets more efficiently than the IN Chemicals industry average last year based on Return on Assets.
• Ultramarine & Pigments has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
• Ultramarine & Pigments has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
• Ultramarine & Pigments's earnings growth has exceeded the IN Chemicals industry average in the past year (9.8% vs 9.1%).

Cons

• Ultramarine & Pigments's 1-year earnings growth is less than its 5-year average (9.8% vs 22.7%)

value

Pros

• Ultramarine & Pigments is good value based on earnings compared to the IN Chemicals industry average.
• Ultramarine & Pigments is good value based on earnings compared to the India market.
• 506685 outperformed the Market in India which returned -14.5% over the past year.
• BSE:506685 is up 16.6% outperforming the Chemicals industry which returned 6.9% over the past month.
• BSE:506685 is up 16.6% outperforming the market in India which returned 8% over the past month.

Cons

• Ultramarine & Pigments's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).
• Ultramarine & Pigments's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).
• Ultramarine & Pigments is overvalued based on assets compared to the IN Chemicals industry average.
• 506685 underperformed the Chemicals industry which returned 2.2% over the past year.