Ducol Organics & Colours Ltd. · NSE:DUCOL
Ducol Organics & Colours — Investor Presentation (August 2025)
36 slides from Ducol Organics & Colours's investor presentation, Aug 6, 2025
Slide 1: SABINA BEE MOHAMMED SHAHID
SABINA BEE Digitally signed by SABINA BEE MOHAMMED MOHAMMED SHAHID SHAHID QURESHI Date: 2025.08.06 QURESHI 14:03:00 +05'30'
Slide 2: Ducol Organics And Colours Limited
Ducol Organics And Colours Limited
Slide 3: Disclaimer
DUCOTL ORGANICS & COLOURS LTD. 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 fo
Slide 4: Table of Contents
DUCOL ORGANICS & COLOURS LTD. Table of Contents hye so re =) = _—. \y aa Financial Highlights ata —— me) Company Overview ——————.__ 02 - bg ; Industry Overview & a hs Way Ahead 05 Pr Business Overview ~ a | 03 04
Slide 5: Financial Highlights
Financial Highlights
Slide 6: Management commentary on H2 FY25 performance
“The second half of FY25 continued to witness a challenging operating environment, particularly due to persistent headwinds in the channel ecosystem across our key industries. Despite this, Ducol Organics & Colours Ltd. reported Revenue from Operations of ₹38.77 crore in H2 FY25, as compared to ₹37.
Slide 7: H2 FY25 Financial Highlights
H2 FY25 Financial Highlights DUCOL ORGANICS & COLOURS LTD. Particulars (Rs. Cr.) H2 FY25 H2 FY24 (%) HI FY24 Revenue from operations 38.77 37.83 2.48% 38.58 Total Raw Material 25.80 23.71 24.88 Employee Cost 4.37 4.28 3.77 Other Expenses 5.89 5,93 5,53 Total Expenditure 36.06 33.92 6.32% 34.17 EBITD
Slide 8: Financial Highlights
Financial Highlights Revenue from Operations ( Rs. Cr) 90.73 75.41 77.35 DUCOTL FY23 FY24 FY25 “excluding other income ORGANICS & COLOURS LTD, PAT (Rs. Cr) / Margin (%) 6.74% 6.37% 5.98% 46 FY23 FY24 FY25
Slide 9: Annual Financial Highlights
Annual Financial Highlights DUCOL ORGANICS & COLOURS LTD. Particulars (Rs. Cr.) FY25 FY24 Revenue from operations 77.35 75.41 2.58% Total Raw Material 50.68 48.33 4.88% Employee Cost 8.13 7.94 Other Expenses 11.25 12.19 Total Expenditure 70.07 68.45 2.36% EBITDA 7.28 6.95 4.80% EBITDA Margin % 9.42%
Slide 10: Balance Sheet as on 31st March'25
Balance Sheet as on 3lst March’25 Polen Particulars (Rs. Cr) As on Mar’25 As on Mar’24 articulars (Rs. Cr) As on Mar’25 son Mar’24 Shareholders Funds 90.23 64.31 Non Current Assets 51.29 61.72 Share Capital 16.29 14.54 Property, Plant & Equipment 18.70 20,09 Reserves & Surplus 73.94 49.77 Right of U
Slide 11: Balance Sheet Ratios
Balance Sheet Ratios Working Capital Days DUCOTL ORGANICS & COLOURS LTD. Debt to Equity 130 0.32 0.30 103 0.22 = ae 71 FY23 FY24 FY25 FY23 FY24 FY25 RoCE* RoE** FY23 FY24 FY25 “ROCE = EBIT/(Shareholders Fund + Total Debt- Non Current Investments); **RoE = Net Profit/Net Worth FY23 FY24 FY25
Slide 12: Recent Acquisition - Bitumag Industries
oo. ; DUCOL Recent Acquisition - Bitumag Industries Ouest GaoRst, Bitumag Industries - leading player in high-performance Waterproofing Solutions space Caters to both commercial and residential sectors. Positioned as a comprehensive provider for all waterproofing needs - Delivering innovative and du
Slide 13: Bitumag's Acquisition-Way Ahead
Bitumag’s Acquisition-Way Ahead Ducol's Strategic Intent Ducol expresses its intent to diversify into new segments zB Operational Scalability Enhanced efficiency through core process similarity Acquisition of Bitumag Ducol acquires Bitumag to enter Non-Pigment dispersion segment Ls> W) Infrastructur
Slide 14: Bitumag Product Portfolio
DUCOTL ORGANICS & COLOURS LTD. Bitumag Product Portfolio Torch On Membranes Protection Board Industry Opportunity Growth of Indian Waterproofing Membrane Market 2032 Projected market value by 2032 (US$ MN) Self Adhesive Membranes Liquid Applied Membrane (Lam) 2023 Projected market ai value by 2023 (
Slide 15: Company Overview
Company Overview
Slide 16: About Us
DUCOL About Us DAUR CRORE 1994 Ducol Organics and Colours established as manufacturer of Dispersion products / Manufacturing : Facilities 2 units in Taloja, 1 unit in Mahad, and 1 unit in Vadodara Countries J that we Export - USA, China, South Korea, Bangladesh, Kenya, Tanzania, etc. Dual Core Exper
Slide 17: An Evolving Journey
An Evolving Journey 1990 Set-up R&D labs to research and develop process capabilities & product application techniques 1996 Started commercial production by setting up Unit | at MIDC, Taloja 2009 Setting up of Unit II at MIDC, Taloja for master batches DUCOL ORGANICS & COLOURS LTD. 2012 Tie-up with
Slide 18: Key Strengths
DUCOL Key S t ren g t h S ORGANICS & COLOURS LTD. Strong and Experienced Diversified Products with Management varied Applications 0 Over 26 years of experience + Wide product range with diverse in pigments and dispersion applications across various industries technology + Customized products to meet
Slide 19: Business Overview
Business Overview
Slide 20: Industries served
FMCG Rubber Plastics Paint Textile Paper Ink Water Proofing & Construction
Slide 21: Organizational Structure
Organizational Structure Poteet Plans pale a Dept. Head R&D / New Projects 8 Marketing / Sales / ©@- 5 Bo fa ‘BOARD OF DIRECTORS CMO | Inks - Business Development u as coo —— lefMe Pasties an \\ ++ pept. Head ———— Works / Lab Function / Plant Functions cFOo )}—— aye (MANAGING DIRECTOR SS s es © o, -
Slide 22: Marquee Clients - Industry Leaders in India
DUCOTL ORGANICS & COLOURS LTD. Marquee Clients - Industry Leaders in India / yap RS BE sitveistef asianpaints INDIGO enter OnGC FSW PRINTS 2 KANSAI ReRStac | Daas AX tovoin ITC Limited FlintGroup Gs ( ox) Suprem eZ je Petrochem Ltd. GLOBAL SUPPLIER OF STYRENICS [Fre © HEMPEL HINDUSTAN PENCILS PVT. L
Slide 23: Marquee Clients - Globally
Marquee Clients - Globally DYSIN BD) Ohi mS OD asianpaints see” P Undever Bangladesh, Nepal, Bangladesh Bahrain South Africa DUCOTL ORGANICS & COLOURS LTD. kA Bi SMITHERS-OASIS B BRENNTAG TOYOIN< © HEMPEL China East Africa a-f=l Color & Comfort REITECH CORPORATION USA Bahrain
Slide 24: Manufacturing facilities
» eros ORGANICS & COLOURS LTD. nent Dispersions * ISO 9001-2015 Certified * Government recognized export house + F4 manufacturing facilities - 2 units at Taloja; 1 unit at Mahad; 1 newly acquired unit at Vadodara * Total existing production plant area of over 1,40,000 sq.ft * On going modernization
Slide 25: Technology Center and R&D Labs
DUCOTL Technology Center and R&D Labs ORGANICS & COLOURS LTD. 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 Lab
Slide 26: Manufacturing Capacities
Manufacturing Capacities* Taloj Vadodara Plant 1 Unit 2 4 Units Wet Dispersions Current Capacity 4,000 MTPA DUCOL ORGANICS & COLOURS LTD. Future Expansion Plans 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 Bitumag Capacity
Slide 27: Industry Overview
Industry Overview
Slide 28: Global Market Size- Dispersion
Global Market Size- Dispersion Global pigment market 2021 rc $34.5 bn ] | Market size by 2031 $53.8 bn CAGR: 4.6% | (LL Asia Pacific Contribution > 40% Source: transparencymarketresearch.com Global pigment dispersion market size as of 2022 $23.9 bn ] Dispersion Market (by valued Others : 10% Plastic
Slide 29: Indian Market Overview
Indian Market Overview Real Estate ($ bn) FMCG ($ bn) % 15 elo 6 at ° id oP “ 4 2020 2027 2021 Source: Mordor intelligence / Statista / IBEF (Currently world’s 5‘ largest economy \ \ Set to be 3'4 largest by 2027 y \ J Growth Drivers for Ducol’s product portfolio Automobile ($ bn) 1000] ath” 2030 20
Slide 30: Paint Market - Growth Potential
Paint Market - Growth Potential Segment Break-up Indian Paint Industry = Industrial Segment ™ Decorative/Architectural Segment *Value may vary based on source of data Source: www.pesc.in; Indian chemical news Global Paint Market (in $ bn*) 2022 2028 2023 2028 DUCOL ORGANICS & COLOURS LTD. Global reg
Slide 31: Ink Market - Growth Potential
Ink Market - Growth Potential Oil Based Solvent Based —_———— Water Based ue may vary based on source of data ttos://www.imarcgroup.com/ink-manufacturing-plant Global Ink Market (in $ bn*) 3 2% —_ —_ cAGR 24.0 198 : 2022 2028 DUCOL ORGANICS & COLOURS LTD. Indian Printing Ink Market by 2026 (in $ 2023
Slide 32: Plastic Market - Growth Potential
Plastic Market - Growth Potential Country wise exports of plastic products during 2021* UAE, 4.24% UK, 3.87% Germany , 3.34% Global Plastic Market (in $ bn*) 4% _— 3 cAGR —— 752.2 5993 2021 2028 Indian Plastic Market (in $ bn*) DUCOL ORGANICS & COLOURS LTD. India’s Platics & Linoleum exports ($ bn*)
Slide 33: Way Ahead
Way Ahead
Slide 34: Way Ahead
Way Ahead Dee or CapEx Plans * Refurbishing existing Taloja plant with latest technology and ( } infrastructure 4 “ + Developing two new units at Mahad plant Expanding Product Portfolio * Continued focus on innovation and new product development * Develop Value Added products Geographical Expansion
Slide 35: ESG Initiatives
ESG Initiatives Healthcarae Diagnostic Tools & Infrastructure: Equipping healthcare centers and clinics with state-of-the-art diagnostic tools and modern infrastructure Universal Medical Access: Ensuring universal accessibility to both basic and specialized medical services for all communities Medic
Slide 36: 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. Saloni Nagvekar Saloni.nagvekar@adfactorspr.com www.ducol.com www.adfactorspr.com
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