Ducol Organics Announces Audited Financial Results for FY 2026; Details Acquisitions in Specialty Chemicals Sector

Ducol Organics Announces Audited Financial Results for FY 2026; Details Acquisitions in Specialty Chemicals Sector​

Ducol Organics And Colours Limited announced the results of its Board Meeting held on May 19, 2026. During the meeting, the Board approved the audited Standalone and Consolidated Financial results for the quarter and year ended March 31, 2026.

The company's statutory auditors issued audit reports confirming an unmodified opinion on both the Standalone and Consolidated financial results for the financial year ended March 31, 2026.

Financial Performance Overview​

The audited financial statements provide a comprehensive look at the financial standing of Ducol Organics And Colours Limited and its consolidated group. The company reported significant financial movements in its assets and liabilities.

The consolidated financial statements for the year ended March 31, 2026, showed the following key changes compared to the previous year:

Consolidated Financial Results Summary​

The comprehensive financial results highlight the group's revenue growth and profitability.

Strategic Acquisitions and Investments​

The company executed two major strategic acquisitions during the financial period, significantly shaping its portfolio and contributing to its consolidated figures.

1. Acquisition of Bitumag Industries Private Limited:
Ducol completed the acquisition of Bitumag Industries Private Limited, with its financials being consolidated with Ducol effective from April 1, 2025. The acquisition was identified as a Key Audit Matter due to its complexity and the need for significant management judgment in determining the accounting treatment under Ind AS 103, Business Combinations.

2. Purchase of XCHEM Polymers India Private Limited:
The Board approved the acquisition of a 100% equity stake in XCHEM Polymers India Private Limited. The company entered into a Share Purchase Agreement (SPA) on March 26, 2026, for an aggregate consideration of ₹75 crore. The transaction structure involves a multi-mode payment plan:

• Initial cash consideration: ₹38 crore (for a majority stake).
• Balance consideration: ₹30 crore (to be discharged via a share swap arrangement).
• Deferred cash consideration: ₹7 crore (payable within 18 months).

This proposed acquisition is expected to strengthen Ducol's presence in adjacent specialty chemicals segments, thereby diversifying its product portfolio and creating operational and strategic synergies.

Cash Flow Highlights​

The consolidated cash flow statement shows substantial capital deployment and strong overall cash generation in the current period.


Despite the significant capital expenditures noted in the investing activity, the company recorded a cash balance of 2,085.71 Lakhs as on March 31, 2026, compared to 0.00 Lakhs on the same date in the previous year.

The company’s management emphasized that the audited results were prepared in accordance with Indian Accounting Standards (Ind-AS) and provide a true and fair view of the Group’s financial performance. The company’s single primary business segment is the Manufacture of other chemical products.

DUCOL Stock Price Movement​

On Tuesday, Ducol Organics And Colours Limited slipped by 0.87% to settle at ₹114.35. The stock shed ₹1.00 from its previous close of ₹115.00, closing the trading session with a total volume of 9,600 shares.