Ducol Organics And Colours Limited — PPTs, 20-05-2026: Investor Presentation

**Business Performance:** Ducol Organics saw strong H2 FY26 results, with consolidated revenue surging 84.55% YoY to ₹71.55 Cr. Full-year FY26 consolidated revenue grew 75.91% YoY to ₹136.07 Cr, significantly boosted by the Bitumag acquisition. Consolidated PAT for H2 FY26 was ₹4.43 Cr, and for FY26 was ₹7.25 Cr (+56.68% YoY). Standalone PAT was slightly impacted by acquisition-related finance costs.

**Growth Drivers or Strategy:** The company is strategically expanding beyond pigment dispersions into waterproofing and construction chemicals via key acquisitions like Bitumag Industries and Xchem Polymers. International market expansion is a core focus, driven by partnerships in Southeast Asia (Qualibit) and the Middle East (Altek International).

**Recent Developments:** The acquisition of Bitumag Industries is complete, doubling its capacity. The acquisition of Xchem Polymers is nearing completion. Partnerships with Qualibit and Altek are set to enhance global reach.

**Key Financial Metrics:** H2 FY26 Consolidated EPS stood at ₹2.61, while FY26 Consolidated EPS was ₹4.35. For FY26, Debt-to-Equity is 0.44, RoE 7.44%, and RoCE 9.25%. Working capital days improved to 87.

**Management Commentary / Outlook:** Management is pleased with H2 FY26, highlighting successful Bitumag integration. They plan to continue inorganic growth, improve operational efficiency, increase capacity utilization, and expand internationally to deliver long-term value.