Ultramarine & Pigments

hi Aashav

this is a great write up! i was trying to figure the following -

  1. who would be Ultramarine’s closest competitors in the surfactants division? on comparing rough realizations of UPL in surfactants on a per kg basis with Galaxy Surfactants, it works out to following - UPL - INR 59 per kg (160 crores / 28000 MT) vs Galsurf’s 114 per kg. have you looked at this?
  2. Do you know how much would the 1,500 MT new pigment capacity contribute to sales?
  3. what % of RM costs would be Alpha Olefin?
  4. if you are ok sharing, what is the source for 13% market share?

thanks a lot!
Umang

Today stock closed at all time high with close to 6 lakh share exchange hand in last 4 days. Hopefully the promoter has mostly exited there shares.

disc - invested

1 Like

They are selling every day 0.01 to 0.05 percentage shares by this figure, hopefully, they would have completely exited by EOM or first week

Promoter Selling Update as on 19-09-2021

1 Like

Can someone please explain what was the rational behind promotors selling shares everyday rather than just selling it at once or maybe in a few transactions?

As that would result in a supply demand mismatch, and the share price will come crashing down to hit a lower circuit.

1 Like

Marcellus newsletter(dated 7th Mar 2022) with focus on Ultramarine & Pigments.

1 Like

This seems an outdated letter from Marcellus. As per the last update I have, they have completely exited from Ultramarine & Pigments by Q3.

Can it be possible for you to share in the forum

Thanks

This report is published on March 7 , 2022

Promoter shareholding reduction is mainly due to exit of a set of promoters who were NOT running the business. The promoters who are running the business have increased their shareholding.

2 Likes

If anyone can share the AGM recording or/and transcript, it will be very helpful. Cannot attend due to some reason.

1 Like

Hi anyone have the AGM recording/details? Was not able to attend and the company is not being helpful to provide the same either

2 Likes