- POSITIVE
Annual Revenue Ducol Organics & Colours Mar-2026 Annual Revenue is Rs 86 Cr which is growth of 6.3% YoY.
- NEGATIVE
Annual Net Profit Ducol Organics & Colours Mar-2026 Annual Net Profit is Rs 4 Cr which is growth of -12.3% YoY.

Ducol Organics & Colours, incorporated on June 16, 1994, offers a range of pigment dispersions and colour solutions for various industries like paints, inks, textiles, detergent, paper, rubber, plastics, leather and FMCG.
| Bidding Dates |
|---|
| 09 Jan 2023 - 11 Jan 2023 |
| Subscription |
|---|
| 44.58x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹124,800 | 1 | 1 | 1600 | 4.0 M | ₹78 | 72.21 % | ₹315.1 M | RHP DOC |
Ducol Organics & Colours IPO SUBSCRIPTION STATUS
11 Jan '23Ducol Organics & Colours IPO overall subscription rate was 44.58 times the total available shares
Ducol Organics & Colours IPO retail subscription rate was 31.01 times in the retail segment
Ducol Organics & Colours IPO non-institutional investor subscription rate was 58.15 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
11 Jan 2023 (Day 3) | 31.01x | 58.15x | - |
10 Jan 2023 (Day 2) | 4.4x | 3.36x | - |
09 Jan 2023 (Day 1) | 0.77x | 1.2x | - |
Ducol Organics & Colours FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| H1FY23 | 41.7 | 485.9 | 99.3 | 80.6 | 13.5% |
| FY22 | 49.1 | 879.9 | 25.1 | -17.2 | 11.3% |
| FY21 | 28.1 | 779.2 | 96.0 | 79.0 | 9.5% |
| FY20 | 0.7 | 731.7 | 40.5 | 22.5 | 6.4% |
Ducol Organics & Colours IPO SUBSCRIPTION STATUS DETAILS
Ducol Organics & Colours had 4.0 M shares on offer
Ducol Organics & Colours IPO offer price was ₹78
Ducol Organics & Colours IPO minimum Investment was ₹124800
Ducol Organics & Colours IPO issue size was ₹ 315.1 M
Ducol Organics & Colours had a minimum lot size of 1600 Shares per application
Ducol Organics & Colours NUMBER OF SHARES ON OFFER
Ducol Organics & Colours IPO IMPORTANT DATES
| Issue Open Date | 09 Jan 2023 |
| Issue close Date | 11 Jan 2023 |
| Allotment Date | 16 Jan 2023 |
| Refund Date | 17 Jan 2023 |
| Demat Account Credit Date | 18 Jan 2023 |
| Listing Date | 19 Jan 2023 |
| Listing on Exchange(s) | NSE |
| Ducol Organics & Colours Allotment Status | Exchange |
Ducol Organics & Colours IPO subscription opened on 09 Jan 2023, and closed on 11 Jan 2023
IPO allotment for Ducol Organics & Colours was finalized on Monday, 16 Jan 2023
IPO listing for Ducol Organics & Colours was on NSE on Thursday, 19 Jan 2023
Ducol Organics & Colours IPO LISTING GAINS
| Issue Price (adjusted) | 78.0 |
| Listing Open Price | 112.0 |
| Listing Close Price | 117.5 |
| Listing Gain% | 43.5% |
| Current Gain% | 75.8% |
Ducol Organics & Colours Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ducol Organics & Colours Ltd. | 137.2 | 199.4 | 34.1 | 1.3 | 1.4 | 7.4 | 4.3 | 138.6 | 71.4 | 7.2 | 56.7 | 4 | 26.4 |
| Sudarshan Chemical Industries Ltd. | 1157.6 | 9219.1 | 104.4 | 1.8 | 0.9 | 0.6 | 0.2 | 9866.4 | 192 | 22.3 | -60 | 11.1 | 59.6 |
| Kiri Industries Ltd. | 508.4 | 3312.8 | 0.6 | 0 | 3.2 | 86.5 | 79.1 | 1015.7 | 18.8 | 5566.5 | 2002.7 | 890.7 | 4656.4 |
| Bodal Chemicals Ltd. | 158.6 | 1997.3 | 13.9 | 0 | 0.8 | 4.1 | 2 | 2053.9 | 16.9 | 47.8 | 158.5 | 11.4 | 306.6 |
| Shree Pushkar Chemicals & Fertilisers Ltd. | 549.6 | 1777.4 | 19.8 | 0.8 | 1.5 | 11.5 | 7.2 | 990.2 | 21.2 | 70.1 | 19.6 | 27.7 | 25.1 |
| Bhageria Industries Ltd. | 380.3 | 1659.8 | 14.7 | 0.1 | 1.3 | 7.8 | 5.4 | 880.8 | 46.4 | 46.1 | 14 | 25.9 | 121.9 |
Ducol Organics & Colours annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
| Indicator | Graph | CAGR 3 Yrs | CAGR 5 Yrs | Mar '26 | Mar '25 | Mar '24 | Mar '23 | Mar '22 | Mar '21 | Mar '20 |
|---|---|---|---|---|---|---|---|---|---|---|
-2% | 1.7% | 85.9 | 80.8 | 79 | 91.4 | 88.9 | 78.9 | 73.7 | ||
Operating Exp. Ann. | -2% | 0.7% | 74.1 | 70.1 | 68.8 | 78.7 | 78.9 | 71.4 | 69 | |
Operating Profit Ann. | -6.5% | 8.6% | 9.8 | 7.3 | 6.6 | 12 | 9.1 | 6.5 | 4.2 | |
OPM Ann. % | -4.4% | 6.8% | 11.46% | 9.01% | 8.37% | 13.13% | 10.18% | 8.26% | 5.63% | |
-0.2% | 1.5% | 81.4 | 74.6 | 73 | 81.9 | 82.7 | 75.5 | 73.4 | ||
EBITDA Ann. | -2.4% | 9.5% | 11.8 | 10.8 | 10.2 | 12.7 | 10 | 7.5 | 4.7 | |
EBITDA Ann. margin % | -0.4% | 7.8% | 13.74% | 13.32% | 12.93% | 13.90% | 11.25% | 9.45% | 6.38% | |
Interest Ann. | 33.7% | 8.2% | 4.3 | 2 | 1.8 | 1.8 | 2.7 | 2.9 | 2.7 | |
Depr. | 30.3% | 20.9% | 3.1 | 2.6 | 2.4 | 1.4 | 1.1 | 1.2 | 1.7 | |
PBT Ann. | -22% | 5.8% | 4.5 | 6.2 | 6.1 | 9.5 | 6.2 | 3.4 | 0.3 | |
Tax Ann. | -51% | -7.8% | 0.4 | 1.6 | 1.6 | 3.4 | 1.3 | 0.6 | 0.2 | |
-12.4% | 7.9% | 4.1 | 4.6 | 4.4 | 6.1 | 4.9 | 2.8 | 0.1 | ||
Net Profit Ann. | -12.4% | 7.9% | 4.1 | 4.6 | 4.4 | 6.1 | 4.9 | 2.8 | 0.1 | |
NPM Ann. % | -10.5% | 6% | 4.83% | 5.97% | 5.87% | 6.73% | 5.58% | 3.61% | 0.09% | |
EPS Adj. latest Ann. | -12.2% | 7.5% | 2.3 | 2.6 | 2.5 | 3.4 | 2.7 | 1.6 | 0 |
Ducol Organics & Colours INFORMATION ON IPO ISSUE
About Ducol Organics & Colours
Ducol Organics & Colours, incorporated on June 16, 1994, offers a range of pigment dispersions and colour solutions for various industries like paints, inks, textiles, detergent, paper, rubber, plastics, leather and FMCG.
Object of the Issue
- Funding working capital requirements of the company
- General corporate purposes
Ducol Organics & Colours - PROMOTERS
| Name |
|---|
| Aamer Ahmed Farid |
| Hani Ahmed Farid |
Ducol Organics & Colours Lead Manager of the Issue
First Overseas Capital Limited
satish@focl.in
Ducol Organics & Colours Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Ducol Organics & Colours Strengths
Product diversification and wide product offering
The company enjoys a wide product range with diverse applications across various industries and sectors
Diverse customer base
The company caters to clients from diverse industries like paints, ink, textile, rubber, plastic, paper, soaps, detergents, etc
In-house research and development
The company has the latest technology required in this industry and is continually updated with in-house research and development at laboratories
Ducol Organics & Colours Risks
Outstanding legal proceedings
There are outstanding legal proceedings against the company, which may adversely affect the business, financial condition and results of operations
No long-term contracts
Customers generally do not enter into long-term contracts. There is no assurance that these customers will continue to purchase from the company or that they will not scale down their orders
Negative cash flows
The company had negative cash flows in the recent fiscal, and sustained negative cash flow could adversely impact the business, financial condition and results of operations
IPO FAQs
The promoters of the company are Aamer Ahmed Farid and Hani Ahmed Farid.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 78.0 - 78.0.
The IPO application opens on Jan 09, 2023 and closes on Jan 11, 2023.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
For all category investors, the minimum application amount for this IPO is Rs. 124,800.0, the maximum value for this IPO is Rs 124,800.0.
This IPO will be allotted on Jan 16, 2023.
The refund will be credited to your account on Jan 17, 2023.
The allotted shares will be credited to your demat on Jan 18, 2023.
Ducol Organics & Colours Ltd.’s shares listed on the stock exchanges on Jan 19, 2023.
