Ducol Organics & Colours Ltd. · NSE:DUCOL
Ducol Organics & Colours — H2 FY26 Earnings Presentation
29 slides from Ducol Organics & Colours's earnings presentation, May 20, 2026
Slide 1: SABINA BEE MOHAMMED SHAHID
SABINA BEE Digitally signed by SABINA BEE MOHAMMED MOHAMMED SHAHID SHAHID QURESHI Date: 2026.05.20 QURESHI 15:14:49 +05'30'
Slide 2: Ducol Organics And Colours Limited Result Update Presentation H2 & FY26
Ducol Organics And Colours Limited Result Update Presentation H2 & FY26 Unlocking potential through acquisitions & partnerships
Slide 3: Disclaimer
Disclaimer This presentation has been prepared by Ducol Organics and Colours Limited (the “Company” or “Ducol”) solely for information purposes and does not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in
Slide 4: Table of Contents
Table of Contents Financial Highlights 01 Company Overview 02 Business Overview 03 Way Ahead 04
Slide 5: Strategic Acquisition of Bitumag Industries
Strategic Acquisition of Bitumag Industries DEAL STRUCTURE & TERMS POST-ACQUISITION OPERATIONAL MILESTONES ₹39.7 Cr 100% Apr 15, 2025 2× 30–35% 20% Equity Capacity doubled via 2nd Utilisation post-expansion Capacity earmarked Transaction Value Effective Date Acquired manufacturing line (targeting 50
Slide 6: Xchem Polymers Acquisition
Xchem Polymers Acquisition SPA Signed Sector 26 March 2026 CONSTRUCTION CHEMICALS & INDUSTRIAL VAPI, GUJARAT ADHESIVES DEAL STRUCTURE Phase 1: ₹38 Cr. cash - 50.67% stake Xchem financial performance Phase 2: ₹30 Cr. via share swap + balance amount of proposed transaction to be retained and paid with
Slide 7: Footprint & Market Expansion in Southeast Asia, Subcontinent, Middle East and Africa
Footprint & Market Expansion in Southeast Asia, Subcontinent, Middle East and Africa Strategic partnerships with Qualibit Chemicals & Industries, Altek International and ongoing discussions across additional international markets 20% Bitumag capacity allocated 5+ Yrs Polybit–Bitumag sourcing to Mala
Slide 8: Financial Highlights
ORGANICS & COLOURS LTD. Financial Highlights
Slide 9: Management Comment
Management Comment Commenting on the result, “We are pleased to report a strong performance in H2 FY26, with healthy growth witnessed across both our standalone as well as consolidated businesses. The momentum during the period was driven by robust volume growth across segments, improving demand con
Slide 10: H2 FY26 Financial Highlights
H2 FY26 Financial Highlights Consolidated Standalone Particulars (Rs. Cr.) H2 FY26 H2 FY26 H2 FY25 H1 FY26 Revenue from operations 71.55 42.78 38.77 41.18 Total Raw Material 47.20 26.30 25.80 27.04 Employee Cost 6.72 4.95 4.37 4.07 Other Expenses 8.84 5.44 5.73 6.31 Total Expenditure 62.76 36.70 35.
Slide 11: Financial Highlights
Financial Highlights Revenue from Operations ( Rs. Cr) PAT (Rs. Cr) 136.07 7.25 6.11 90.73 4.80 4.62 75.41 77.35 FY23 FY24 FY25 FY26* FY23 FY24 FY25 FY26* *Consolidated numbers
Slide 12: FY26 Financial Highlights
FY26 Financial Highlights Consolidated Standalone Particulars (Rs. Cr.) FY26 FY26 FY25 Y-o-Y Revenue from operations 136.07 83.96 77.35 8.54% Total Raw Material 91.74 53.34 50.68 Employee Cost 12.51 9.02 8.13 Other Expenses 17.23 11.75 11.25 Total Expenditure 121.48 74.12 70.07 EBITDA 14.59 9.84 7.2
Slide 13: Balance Sheet as on 31st March'26
Balance Sheet as on 31st March’26 Particulars (Rs. Cr) As on Mar’26 As on Mar’25 Particulars (Rs. Cr) As on Mar’26 As on Mar’25 Shareholders Funds 97.33 90.23 Non Current Assets 90.91 51.27 Property, Plant & Equipment 30.21 18.70 Share Capital 16.29 16.29 Intangible Assets 0.03 0.01 Reserves & Surpl
Slide 14: Balance Sheet Ratios
Balance Sheet Ratios Working Capital Days Debt to Equity 130 0.44 103 0.32 87 0.30 FY24 FY25 FY26 FY24 FY25 FY26 RoCE* RoE** 7.47% 7.44% 9.59% 9.25% 5.12% 6.72% FY24 FY25 FY26 FY24 FY25 FY26 *RoCE = EBIT/(Shareholders Fund + Total Debt- Non Current Investments); **RoE = Net Profit/Net Worth
Slide 15: Company Overview
ORGANICS & COLOURS LTD. Company Overview
Slide 16: About Us
About Us 1994 Ducol Organics and Colours established as manufacturer of Dispersion products 06 Manufacturing Facilities 2 units in Taloja, 2 unit in Mahad, 1 unit in Vadodara and 1 unit in Valsad Countries 30+ that we Export - USA, China, South Korea, Bangladesh, Kenya, Tanzania, Malaysia, Dubai etc
Slide 17: An Evolving Journey
An Evolving Journey 1990 1996 2009 2012 2019 2024 2026 Set-up R&D labs to Started commercial production Setting up of Unit II at Tie-up with DIC-AP for Setting up facilities • Commercialization of M1 unit • Acquitision of Xchem Polymers research and develop by setting up Unit I at MIDC, MIDC, Taloja
Slide 18: Key Strengths
Key Strengths Strong and Experienced Diversified Products with Management varied Applications • Wide product range with diverse applications • Over 30 years of experience in across various industries pigments and dispersion technology • Customized products to meet industry’s needs & requirements Str
Slide 19: Business Overview
ORGANICS & COLOURS LTD. Business Overview
Slide 20: Dual Core Expertise
Dual Core Expertise Our dual core expertise in pigments and dispersion, combined with customer-centric approach, enables us to deliver tailored solutions that create tangible impact and long-term value for our clients Product Portfolio Pigment dispersion for soles, uppers, Dutint: Water-based pigmen
Slide 21: Strong Marquee Clients – Industry Leaders in India
Strong Marquee Clients – Industry Leaders in India
Slide 22: Marquee Clients – Globally
Marquee Clients – Globally Bangladesh, Nepal, Bangladesh South Africa Bahrain China East Africa Bahrain USA
Slide 23: Established Manufacturer of Pigment Dispersions
Established Manufacturer of Pigment Dispersions • ISO 9001-2015 Certified • Government recognized export house • 5 manufacturing facilities - 2 units at Taloja; 2 units at Mahad; 1 newly acquired unit at Vadodara • Total existing production plant area of over 1,50,000 sq.ft. • On going modernization
Slide 24: Manufacturing Capacities
Manufacturing Capacities* 5 Units Taloja T1 Taloja T2 Current Capacity Future Expansion Plans Wet Dispersions 4,000 MTPA 8,000 – 10,000 MTPA Dry Dispersions 15,000 MTPA 20,000 – 25,000 MTPA Master Batches 2,000 – 3,000 MTPA 8,000 - 10,000 MTPA Mahad M1 & M2 Bitumag Capacity 10 Million Sq. Meter To b
Slide 25: Technology Center and R&D Labs
Technology Center and R&D Labs Company began with basics - setting up R&D labs initially and developing expertise & mastering solutions before venturing into setting up commercial manufacturing base Analytical, Synthesis, Product Development and Product Application Labs across 4 centers Continuous t
Slide 26: Way Ahead
Way Ahead
Slide 27: Way Ahead
Way Ahead Expand Presence Beyond Pigment Dispersions • Continue scaling the non-pigment dispersion and construction chemicals portfolio through targeted acquisitions and partnerships • Strengthen presence in waterproofing, allied Drive Growth Through Inorganic Expansion construction chemicals, and a
Slide 28: ESG Initiatives
ESG Initiatives Healthcare Education Green Initiative • Diagnostic Tools & Infrastructure: Equipping healthcare • Empowering Education: Providing generous support to • Sustainable Practices: Implementation of robust centers and clinics with schools and institutions to empower quality education stand
Slide 29: Thank You
Thank You Company Investor Relations Advisors Ducol Organics And Colours Adfactorspr Pvt. Ltd. Limited Ms. Sabina Qureshi, CS Mr. Amit Sharma cs@ducol.com Amit.sharma@adfactorspr.com Ms. Disha Shah disha.shah@adfactorspr.com www.ducol.com www.adfactorspr.com
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