What we do Ultramarine & Pigments Ltd manufactures and sells pigments, surfactants, and offers IT-enabled services, operating multiple manufacturing units across India with wind power for energy needs. |
Founded in 1,960 |
Market share Leading domestic player in inorganic pigments and surfactants with growing export presence contributing to 30%+ revenue. |
Problem solved Provides high-quality pigments and surfactants essential for diverse industries, alongside IT services, addressing performance and environmental sustainability demands. |
Top clients or who we serve Serves chemical, detergent, plastic, and textile industries primarily B2B; expanding presence in domestic and international markets. |
Key management - |
Our journey and innovations Since 1960, expanded through capacity additions, diversification into surfactants and IT services; pioneered wind power usage and continuous R&D in specialty chemicals. |
Where we operate Operations concentrated in Tamil Nadu and Andhra Pradesh; export markets include Western and Northern India and global customers. |
Top products or what we offer Flagship products include ultramarine blue pigments, alkyl benzene sulfonic acid surfactants, HDPE woven sacks, and IT-enabled BPO services. |
Top brands - |
Raw materials needed Key raw materials include chemicals for pigment and surfactant production sourced through specialized suppliers. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue is a mix of recurring sales from chemicals and services with cyclicality influenced by industrial demand and raw material costs. |
Our industry position Strong domestic market position in pigments and surfactants; recognized for quality certifications and expansion into specialty chemicals. |
Financial highlights FY 2024-25 consolidated revenue of Rs. 695 Crores (+24% YoY), profit after tax Rs. 75 Crores (+30% YoY), driven by exports and capacity expansion. |
Geographical revenue split Significant revenue from domestic operations; exports grew 34% accounting for Rs. 211 Crores in FY25. |
Order book - |
Whats driving growth Capacity expansions, export focus, R&D in specialty chemicals, and wind power green initiatives drive growth. |
Our future plans Commissioning additional pigment capacity (totaling 1,500 MT) and new windmill of 750 KW in FY 2025-26 to boost production and sustainability. |
Our green promise Utilizes wind power for 45% of energy consumption, investing in renewable energy to reduce carbon footprint. |
Our people and values Focus on skilled workforce upskilling, diversity with 46% women in IT division, zero tolerance for workplace harassment, and robust employee engagement. |
Key challenges ahead Managing input cost volatility, capacity utilization optimization, and global supply chain disruptions remain challenges. |
Interesting facts One of the earliest adopters of captive wind power generation in the chemical industry in India. |
Risks and strategy Risks include raw material price hikes and geopolitical issues; mitigation via capacity expansion, value-added grades, and diversified markets. |
