Debut Plus

179

-3.65 -2.00%

17 Jul 2026

NSE Listed · Chemicals

ESM 2

Ushanti Colour Chem Ltd. (UCL)

Volume: 2,000Avg Vol 1W: 3,600Avg Vol 1M: 47,81852W Range:38201.95
Market Cap₹249 Cr
Current Price₹179
Previous Close₹182.65
High / Low (52w)₹201.95 / ₹38
Volume2,000
Avg Vol (1W)3,600
Avg Vol (1M)47,818
Stock P/E49.45
Book Value₹55.37
Dividend Yield0%
ROE6.54%
ROA0%
Revenue (TTM)
Revenue Growth53.92%
Profit Margin0%
Total Debt₹22 Cr
Shares Outstanding1 Cr
Face Value
EPS (TTM)₹3.62
P/B3.23
Debt / Equity1.22
50 DMA₹141.81
200 DMA₹79.21
Day change-2.00%
SurveillanceESM 2 (as of 2026-07-17)
Price Chart
179 281.66% · 1Y
202393.5L
2025-08-05
2026-07-16

20-day avg volume: 44K shares

Pros
  • Company is almost debt-free.
  • Revenue grew 53% YoY.
Cons
  • Company is loss-making at the latest annual result.
Quarterly Results
MetricDec 2017
Revenue₹27 Cr
EBITDA₹3 Cr
Net Profit₹2 Cr
EPS
Profit & Loss (Annual)
MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Revenue₹47 Cr₹36 Cr₹48 Cr₹47 Cr₹52 Cr₹80 Cr
EBITDA₹4 Cr₹4 Cr₹2 Cr₹1 Cr₹0 Cr₹-1 Cr
Net Profit₹2 Cr₹2 Cr₹1 Cr₹1 Cr₹-3 Cr₹-3 Cr
EPS3.253.311.591.19-2.47-2.43
Balance Sheet
MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Total Assets₹41 Cr₹46 Cr₹60 Cr₹100 Cr₹109 Cr₹119 Cr
Total Liabilities₹16 Cr₹19 Cr₹28 Cr₹54 Cr₹65 Cr₹79 Cr
Equity₹25 Cr₹27 Cr₹33 Cr₹47 Cr₹44 Cr₹40 Cr
Total Debt
Cash Flow
MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating₹2 Cr₹2 Cr₹3 Cr₹5 Cr₹-4 Cr₹6 Cr
Investing₹0 Cr₹-3 Cr₹-10 Cr₹-40 Cr₹-9 Cr₹-7 Cr
Financing₹0 Cr₹2 Cr₹7 Cr₹36 Cr₹13 Cr₹3 Cr
Free Cash Flow₹2 Cr₹2 Cr₹3 Cr₹5 Cr₹-4 Cr₹6 Cr
Shareholding
Promoter 54.91% Institutions 0% Public 45.09%
Efficiency & Working Capital
ROCE8.6%
Interest Coverage-0.2
Dividend Payout
Debtor Days59 d
Inventory Days70 d
Payable Days74 d
Cash Conversion Cycle55 d
Working Capital Days130 d
Shareholding Details

As of 2026-03-31

Promoter54.9%
FII0%
DII0%
Institutions0%
Public45.1%
Promoter Pledge0%
No. of Shareholders1,202
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodNov 2022Jan 2023Jan 2023Mar 2023Sept 2023Oct 2023Oct 2023Mar 2024Sept 2024Mar 2025Sept 2025Mar 2026
Promoters67.9%70.5%70.5%70.5%70.5%67.9%67.9%67.9%67.9%67.9%67.9%54.9%
FIIs0%0%0%0%0%0%0%0%0%0%0%0%
DIIs0%0%0%0%0%0%0%0%0%0%0%0%
Public32.1%29.5%29.5%29.5%29.5%32.1%32.1%32.1%32.1%32.1%32.1%45.1%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders2842822822803153173172952951,2211,2181,202
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202403
Major Shareholders (>1%)
NameCategoryStakeShares
Shantilal Bhailal GandhiShareholding of Promoter and Promoter Group12.3%17,12,247
Minku Shantilal GandhiShareholding of Promoter and Promoter Group10.7%14,84,927
Maunal Shantilal GandhiShareholding of Promoter and Promoter Group10.7%14,80,716
Swetsam Stock Holding Private LimitedPublic Shareholding4.6%6,45,000
Maunal Shantilal Gandhi HufShareholding of Promoter and Promoter Group3.8%5,25,144
Minku Shantilal Gandhi HufShareholding of Promoter and Promoter Group3.8%5,25,133
Mona Maunal GandhiShareholding of Promoter and Promoter Group3.7%5,07,450
Shefali Minku GandhiShareholding of Promoter and Promoter Group3.7%5,07,450
Khodeear EnterprisePublic Shareholding3.5%4,86,000
Aadit Minku GandhiShareholding of Promoter and Promoter Group3%4,20,011
Arjun Maunal GandhiShareholding of Promoter and Promoter Group3%4,20,011
Shweta Samirbhai ShahPublic Shareholding2.2%3,10,000
Krishnam EnterprisePublic Shareholding1.8%2,52,000
Samir R Shah HufPublic Shareholding1.7%2,30,000
Bhupenbhai Mahendrabhai ShahPublic Shareholding1%1,43,000
Neetaben Bhupen ShahPublic Shareholding1%1,43,000
Silkon Trades LlpPublic Shareholding1%1,40,000
Shantilal Bhailalbhai Gandhi HufShareholding of Promoter and Promoter Group0.3%42,011
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Maunal Shantilal Gandhi00%2026-03-31
Minku Shantilal Gandhi00%2026-03-31
Shantilal Bhailalbhai Gandhi Huf00%2026-03-31
Maunal Shantilal Gandhi Huf00%2026-03-31
Minku Shantilal Gandhi Huf00%2026-03-31
Mona Maunal Gandhi00%2026-03-31
Shefali Minku Gandhi00%2026-03-31
Shantilal Bhailal Gandhi00%2026-03-31
Aadit Minku Gandhi00%2026-03-31
Arjun Maunal Gandhi00%2026-03-31
Bhupenbhai Mahendrabhai Shah00%2026-03-31
Neetaben Bhupen Shah00%2026-03-31
Board of Directors
NameDesignationYear
Maunal Shantilal GandhiChairman & Joint M.D2025
Minku Shantilal GandhiJoint Managing Director2025
Purvi Tapan TrivediIndependent Director2025
Tejas Pravinkumar ShahIndependent Director2025
HARSHABEN NISHITHBHAI MEHTAIndependent Director2025
Vishakha TanwarCompany Sec. & Compli. Officer2025
Segments — Product
SegmentRevenueShare
Manufacturing Dyes & Intermediates₹0 Cr
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2024₹10151111
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
20255300201791
20255000181785
2025300205
Company Information
Incorporated1993
ChairmanMaunal Shantilal Gandhi
AuditorDJNV & Co
Investor Email[email protected]
🌐 www.ushanti.com

📍 88/5 GIDC Phase-I, Vatva, Ahmedabad, Gujarat, 382445

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