Pyrenula multicolorata is a species of corticolous (bark-dwelling), crustose lichen in the family Pyrenulaceae,[1] first described in 2016.

It is distinguished by its almost superficial ascomata with a hamathecium inspersed with orange crystals, and ascospores that contain three internal partitions (septa).

[2] The thallus of Pyrenula multicolorata is oily, olive green, and quite thick, covering areas up to 5 cm (2 in) in diameter, and surrounded by a thin black hypothallus line.

Ascomata are almost superficial, low conical, black, and not covered by the thallus, measuring 0.5–0.7 mm in diameter.

[2] This species is found on trees in wet lowland tropical rainforests and at the time of its publication was known only from Sri Lanka.