ULTRAMAR
Ultramarine & Pigments Limited
Each stock's 10,000-path forecast, rendered as light.
Ultramarine & Pigments Limited (ULTRAMAR) Stock Analysis & Case Study
Is ULTRAMAR a good buy? The data-driven verdict.
Ultramarine & Pigments Limited (ULTRAMAR) trades at ₹411,on the numbers it worth a closer look, a Downstox Snapshot Score of 57/100.
On the numbers, Ultramarine & Pigments Limited (ULTRAMAR) worth a closer look, a Downstox Snapshot Score of 57/100, weighing inexpensive at 13.3× earnings, ROE of 8.6%, a 53% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 2027-2031.
Last updated . Data snapshot for research, not investment advice.
ULTRAMAR fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield
How ULTRAMAR ranks against the 2,373 companies in our screener
- ULTRAMAR's market cap of 1,199 Cr ranks in the 42nd percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- ULTRAMAR's book value of ₹298 ranks in the 80th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- ULTRAMAR's promoter holding of 40.5% ranks in the 17th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- ULTRAMAR's 3-year profit (PAT) growth of 5.0% ranks in the 35th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- ULTRAMAR's 3-year revenue growth of 12.0% ranks in the 55th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- ULTRAMAR's debt-to-equity ratio of 0.10x is lower than 77% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
Is ULTRAMAR overvalued? ULTRAMAR P/E vs peers
ULTRAMAR trades at 13.3× earnings. We don't have a verified sector peer group for this stock yet, so no sector peer median or peer comparison table is shown here. Showing one anyway would compare it against an arbitrary set of large-cap names, not real sector peers.
ULTRAMAR share price target 2027, 2028, 2029, 2030, 2031, a probability view
Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 9.8y of ULTRAMAR history (11%/yr drift, 37%/yr volatility).
| Year | Low (P10) | Median target (P50) | High (P90) | Upside vs today |
|---|---|---|---|---|
| ULTRAMAR 2027 | ₹263 | ₹423 | ₹681 | +3% |
| ULTRAMAR 2028 | ₹222 | ₹437 | ₹860 | +7% |
| ULTRAMAR 2029 | ₹200 | ₹451 | ₹1,017 | +10% |
| ULTRAMAR 2030 | ₹182 | ₹466 | ₹1,194 | +14% |
| ULTRAMAR 2031 | ₹168 | ₹481 | ₹1,375 | +17% |
Median (P50) is the central estimate; the P10-P90 band is the 80% confidence range. Probabilities, not promises.
What is the probability ULTRAMAR goes up, or doubles?
The bull case for ULTRAMAR
- ULTRAMAR's P/E of 13.3x is lower than 79% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- Low price-to-book of 1.38×, the market is paying little over the company's net assets.
- Upside scenario: the model's optimistic (P90) 3-year path reaches ₹1,017.
The bear case & risks
- ULTRAMAR's return on equity of 8.6% ranks in the 42nd percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹200.
ULTRAMAR volatility & expected range, how bumpy is the ride?
Over the last 9.8 years ULTRAMAR compounded at 11%/year with annualized volatility of 37%. That volatility implies a 1-year 80% range of ₹263-₹681, the honest backbone behind any single price target.
ULTRAMAR price forecast, the full 60-month probability fan
ULTRAMAR price probability fan
Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.
Probability of key outcomes
What are the odds ULTRAMAR hits common targets within the simulated horizon?
Full multi-horizon detail on the ULTRAMAR price target & forecast page.
ULTRAMAR Piotroski F-Score: 6/8, how financially strong is it?
The Piotroski F-Score grades financial strength on profitability, leverage and efficiency checks. Downstox scores the eight checks it can verify from published filings, so 8 is full marks. ULTRAMAR scores 6/8, mixed financial health.
ULTRAMAR MTF margin & leverage across 4 brokers
Margin Trading Facility lets you buy ULTRAMAR with part of the capital. Lower margin % = higher leverage. Rates compared across 4 brokers (no competitor publishes this):
| Broker | Margin required | Approx. leverage |
|---|---|---|
| Zerodha | 50.00% | 2.0× |
| Groww | 31.85% | 3.1× |
| Pocketful | 50.00% | 2.0× |
| Share IndiaCHEAPEST | 31.82% | 3.1× |
Compare every broker on the ULTRAMAR MTF page.
About Ultramarine & Pigments Limited: sector, index & market-cap context
Ultramarine & Pigments Limited (ULTRAMAR) is a small-cap NSE-listed company, with a market capitalisation of ₹1,199 Cr. See more stocks on our screener.
How the ULTRAMAR Snapshot Score & forecast are built
The Downstox Snapshot Score is a transparent, rules-based read of Ultramarine & Pigments Limited's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.
This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.
ULTRAMAR analysis, FAQs
Is Ultramarine & Pigments Limited (ULTRAMAR) a good buy?
On the numbers, Ultramarine & Pigments Limited (ULTRAMAR) worth a closer look, a Downstox Snapshot Score of 57/100, weighing inexpensive at 13.3× earnings, ROE of 8.6%, a 53% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.
Is ULTRAMAR overvalued or undervalued?
ULTRAMAR trades at 13.3× earnings, inexpensive versus the ~22× long-run Nifty average.
What is the ULTRAMAR share price target for 2031?
ULTRAMAR's probability-weighted 2031 median target is ₹481, with an 80% range of ₹168-₹1,375 (10,000-path Monte-Carlo).
What is the probability ULTRAMAR doubles in 5 years?
The modelled probability of ULTRAMAR reaching ₹820 (2×) within 5 years is 26%.
What is the bull case for ULTRAMAR?
ULTRAMAR's P/E of 13.3x is lower than 79% of the 2,373 NSE companies in our screener, as of 9 Aug 2026. Low price-to-book of 1.38×, the market is paying little over the company's net assets.
What are the risks in ULTRAMAR?
ULTRAMAR's return on equity of 8.6% ranks in the 42nd percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.