Ducol Organics And Colours Limited — PPTs, 14-11-2025: Investor Presentation

Here's a concise, retail-friendly summary:

**1. Business Performance:**

Ducol Organics saw strong H1 FY26 performance with consolidated Revenue from Operations at ₹64.52 Cr, EBITDA at ₹5.80 Cr, and PAT at ₹2.82 Cr. This boost was largely fueled by its core dispersion business and the new waterproofing & construction chemical segment after the Bitumag acquisition.

**2. Growth Drivers or Strategy:**

The acquisition of Bitumag Industries is a key strategic move, diversifying Ducol into non-pigment dispersions and opening up the construction chemicals market. The company is actively exploring more inorganic growth in this space, aiming to enhance profitability through better capacity utilization and innovation.

**3. Recent Developments:**

In H1 FY26, Ducol completed the Bitumag acquisition and quickly commissioned a second manufacturing line at the Bitumag facility, effectively doubling its waterproofing capacity. Current utilization is 30-35% post-expansion.

**4. Key Financial Metrics:**

Consolidated Revenue jumped significantly to ₹64.52 Cr compared to H1 FY25 standalone figures of ₹38.58 Cr, largely due to the acquisition. While PAT saw a slight increase to ₹2.82 Cr, H1 FY26 included one-time due diligence costs and higher finance costs from acquisition debt. Basic EPS stood at ₹1.60.

**5. Management Commentary / Outlook:**

Management plans to ramp up Bitumag's capacity utilization to over 50% in 6-9 months, leveraging strong demand visibility and existing client synergies. They expect improved margins as debt is repaid and are planning further capex for plant modernization and new units at Mahad, along with continued product innovation.