Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 61.60 | 86.79 | 82.48 | 86.23 | 103.27 | 99.22 | 97.50 | 92.23 | 89.23 | 91.94 | 89.86 | 91.63 |
| Expenses | 57.68 | 81.14 | 75.68 | 83.64 | 98.25 | 85.82 | 93.79 | 85.57 | 84.77 | 86.00 | 82.05 | 86.51 |
| Operating Profit | 3.92 | 5.65 | 6.80 | 2.59 | 5.02 | 13.40 | 3.71 | 6.66 | 4.46 | 5.94 | 7.81 | 5.12 |
| OPM % | 6.36% | 6.51% | 8.24% | 3.00% | 4.86% | 13.51% | 3.81% | 7.22% | 5.00% | 6.46% | 8.69% | 5.59% |
| Other Income | 0.06 | 0.12 | 0.13 | 0.10 | 0.13 | -0.10 | 3.89 | 0.13 | 0.37 | 2.13 | 0.10 | 0.12 |
| Interest | 1.96 | 2.50 | 3.52 | 2.67 | 2.75 | 2.49 | 2.80 | 2.98 | 2.54 | 2.43 | 2.28 | 2.44 |
| Depreciation | 1.87 | 2.10 | 2.37 | 1.93 | 2.08 | 2.01 | 1.83 | 2.18 | 2.01 | 2.11 | 2.13 | 1.89 |
| Profit before tax | 0.15 | 1.17 | 1.04 | -1.91 | 0.32 | 8.80 | 2.97 | 1.63 | 0.28 | 3.53 | 3.50 | 0.91 |
| Tax % | 80.00% | 10.26% | 58.65% | 8.90% | -106.25% | 15.68% | 48.48% | 10.43% | 21.43% | 30.31% | 30.29% | 27.47% |
| Net Profit | 0.04 | 1.06 | 0.43 | -2.08 | 0.66 | 7.43 | 1.53 | 1.45 | 0.22 | 2.46 | 2.45 | 0.66 |
| EPS in Rs | 0.05 | 1.11 | 0.45 | -2.17 | 0.69 | 7.75 | 1.60 | 1.51 | 0.23 | 2.57 | 2.55 | 0.69 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 158 | 177 | 199 | 227 | 271 | 200 | 318 | 364 | 306 | 386 | 363 | 363 |
| Expenses | 152 | 169 | 189 | 216 | 263 | 191 | 298 | 343 | 285 | 361 | 338 | 339 |
| Operating Profit | 6 | 8 | 10 | 11 | 8 | 9 | 19 | 21 | 20 | 25 | 25 | 23 |
| OPM % | 3.5% | 4.3% | 5% | 4.8% | 3.0% | 4.6% | 6% | 6% | 7% | 6% | 7% | 6% |
| Other Income | 1 | 2 | 1 | 0 | 0 | 0 | 2 | 1 | 0 | 4 | 3 | 3 |
| Interest | 6 | 5 | 4 | 3 | 2 | 3 | 6 | 8 | 10 | 11 | 10 | 10 |
| Depreciation | 4 | 5 | 5 | 5 | 5 | 5 | 6 | 6 | 8 | 8 | 8 | 8 |
| Profit before tax | -5 | 0 | 2 | 4 | 2 | 1 | 9 | 8 | 3 | 10 | 9 | 8 |
| Tax % | -67% | -3,700% | 21% | 21% | 26% | 4% | 12% | 14% | 32% | 26% | 26% | |
| Net Profit | -2 | 1 | 2 | 3 | 1 | 1 | 8 | 7 | 2 | 8 | 7 | 6 |
| EPS in Rs | -2.48 | 1.87 | 2.90 | 5.32 | 1.89 | 1.47 | 11.80 | 8.12 | 2.16 | 7.86 | 6.86 | 6.04 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 9% | 13% | 0% | -8% | ||
| Compounded Profit Growth | 20% | 45% | 0% | -48% | ||
| Stock Price CAGR | 15% | 19% | 14% | -35% | ||
| Return on Equity | 11% | 13% | 9% | 10% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 6 | 6 | 6 | 6 | 7 | 7 | 8 | 10 | 10 | 10 |
| Reserves | 6 | 4 | 7 | 11 | 15 | 16 | 21 | 29 | 38 | 44 | 51 | 58 |
| Borrowings | 44 | 54 | 49 | 26 | 23 | 22 | 55 | 77 | 90 | 154 | 136 | 110 |
| Other Liabilities | 27 | 40 | 44 | 65 | 94 | 96 | 51 | 45 | 33 | 19 | 34 | 33 |
| Total Liabilities | 82 | 105 | 107 | 109 | 138 | 140 | 133 | 158 | 169 | 226 | 230 | 210 |
| Fixed Assets | 61 | 59 | 64 | 65 | 60 | 55 | 71 | 61 | 55 | 93 | 98 | 134 |
| CWIP | 0 | 4 | 0 | 0 | 9 | 18 | 7 | 16 | 46 | 27 | 40 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 |
| Other Assets | 21 | 43 | 42 | 44 | 69 | 66 | 55 | 80 | 68 | 107 | 91 | 76 |
| Total Assets | 82 | 105 | 107 | 109 | 138 | 140 | 133 | 158 | 169 | 226 | 230 | 210 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 17 | -4 | 14 | 33 | 5 | 12 | -35 | -1 | 23 | -34 | 49 | 43 |
| Cash from Investing Activity | -20 | -6 | -5 | -5 | -9 | -9 | -6 | -6 | -25 | -32 | -26 | -7 |
| Cash from Financing Activity | 3 | 10 | -8 | -28 | 4 | -3 | 41 | 7 | 9 | 59 | -24 | -35 |
| Net Cash Flow | 0 | -0 | -0 | 0 | 0 | -0 | -0 | -0 | 8 | -7 | -1 | 0 |
| Free Cash Flow | -6 | -11 | 8 | 28 | -4 | 3 | -41 | -6 | -3 | -65 | 22 | 36 |
| CFO/OP | 466% | -76% | 179% | 330% | 56% | 138% | -372% | 4% | 116% | -160% | 198% | 176% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 45 | 44 | 36 | 38 | 61 | 37 | 45 | 35 | 33 | 41 | 37 | 30 |
| Inventory Days | 112 | 55 | 43 | 33 | 41 | 48 | 39 | 54 | 19 | 83 | 54 | 50 |
| Days Payable | 223 | 89 | 58 | 54 | 99 | 154 | 90 | 55 | 30 | 13 | 24 | 28 |
| Cash Conversion Cycle | -66 | 10 | 20 | 17 | 2 | -69 | -6 | 33 | 22 | 111 | 68 | 53 |
| Working Capital Days | -118 | -24 | 10 | 6 | 14 | -51 | 0 | 21 | -2 | 23 | -5 | -12 |
| ROCE % | 5% | 3% | 6% | 12% | 15% | 9% | 7% | 16% | 13% | 8% | 10% | 10% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 67.99% | 68.05% | 73.04% | 73.04% | 73.04% | 73.04% | 73.04% | 73.04% | 72.92% | 72.88% | 72.88% | 72.88% |
| DIIs | 0.30% | 0.30% | 0.26% | 0.26% | 0.26% | 0.26% | 0.26% | 0.26% | 0.26% | 0.13% | 0.13% | 0.13% |
| Public | 31.71% | 31.64% | 26.71% | 26.71% | 26.71% | 26.71% | 26.71% | 26.71% | 26.83% | 26.98% | 27.00% | 26.99% |
| No. of Shareholders | 10,660 | 10,698 | 10,645 | 10,774 | 10,950 | 10,952 | 10,847 | 10,863 | 10,717 | 10,648 | 10,576 | 10,545 |
Fundamentals
Market Cap₹ 115 Cr.
Current Price₹ 120
Stock P/E19.9
Book Value₹ 70.0
ROCE10.3 %
ROE10.3 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-8%
Compounded Profit Growth (TTM)-48%
Standalone figures.
Valuation
Market capRs 116 Cr
Enterprise valueRs 226 Cr
P/E (TTM)20.00x
Price to book1.72x
Price to sales0.32x
EV / EBITDA8.67x
EV / EBIT12.61x
EV / sales0.62x
Price to cash flow2.70x
Earnings yield5.00%
P/E, 3-year average39.13x
P/B, 3-year average2.53x
P/E, 5-year average26.18x
P/B, 5-year average2.00x
Profitability
Operating margin (excl. other income)6.85%
Operating margin (incl. other income)7.61%
EBITDA margin7.18%
Pre-tax margin2.27%
Net profit margin1.60%
Net margin, latest quarter0.72%
ROE10.29%
ROCE10.26%
ROA2.99%
ROE, 3-year average9.22%
ROCE, 3-year average9.43%
ROA, 3-year average2.45%
ROE, 5-year average13.91%
ROCE, 5-year average11.36%
ROA, 5-year average3.41%
ROIC (approx.)7.44%
Tax rate26.40%
Other income / net worth4.06%
Growth
Sales growth (latest year)-5.94%
Profit growth (latest year)-12.73%
Sales CAGR, 3 years-0.08%
Sales CAGR, 5 years12.69%
Profit CAGR, 3 years0.05%
Profit CAGR, 5 years44.90%
Sales growth QoQ1.97%
Profit growth QoQ-73.06%
Sales growth YoY (latest quarter)-0.65%
Profit growth YoY (latest quarter)-54.48%
Per share
EPS (TTM)Rs 6.04
EPS (latest year)Rs 6.86
EPS (latest quarter)Rs 0.69
EPS, 3-year averageRs 5.63
EPS, 5-year averageRs 7.36
Book value per shareRs 70.04
Sales per shareRs 378.20
Cash flow per shareRs 44.69
Free cash flow per shareRs 37.54
Efficiency
Asset turnover1.73x
Fixed asset turnover2.70x
Inventory turnover8.82x
Inventory days41 days
Debtor days30 days
Debtors turnover12.03x
Creditor days28 days
Cash conversion cycle53 days
Working capital days-12 days
Leverage
Total debtRs 110 Cr
Cash and bankRs 0 Cr
Net debtRs 110 Cr
Debt to equity1.64x
Net debt / EBITDA4.22x
Interest coverage1.85x
Owners' fund to total sources31.96%
Debt to assets52.40%
Cash flow
Cash from Operating Activity (latest year)Rs 43 Cr
Cash from Investing Activity (latest year)Rs -7 Cr
Cash from Financing Activity (latest year)Rs -35 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs 36 Cr
FCFE (approx.: FCF + change in debt)Rs 10 Cr
Cash from ops / profit, 5 years2.50x
Sales to cash flow8.47x
Statement figures
Net sales (TTM)Rs 363 Cr
Net sales (latest year)Rs 363 Cr
Sales (latest quarter)Rs 92 Cr
Operating profit excl. other income (latest year)Rs 25 Cr
Operating profit (latest quarter)Rs 5 Cr
Other income (TTM)Rs 3 Cr
EBITDA (TTM)Rs 26 Cr
PBDT (TTM)Rs 16 Cr
Profit before tax (TTM)Rs 8 Cr
Tax (latest year)Rs 2 Cr
Net profit (TTM)Rs 6 Cr
Net profit (latest year)Rs 7 Cr
Net profit (latest quarter)Rs 1 Cr
Depreciation (TTM)Rs 8 Cr
Depreciation (latest quarter)Rs 2 Cr
Interest (TTM)Rs 10 Cr
Cost of goods sold (latest year)Rs 310 Cr
Total expenditure (latest year)Rs 338 Cr
Total income (latest year)Rs 366 Cr
Share capitalRs 10 Cr
ReservesRs 58 Cr
Shareholders' fundsRs 67 Cr
Total assetsRs 210 Cr
Net blockRs 134 Cr
InvestmentsRs 0 Cr
ReceivablesRs 30 Cr
InventoryRs 35 Cr
Other liabilitiesRs 33 Cr
Shares outstanding (crore)0.96
Ownership
Promoter holding72.88% (-0.16 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 20.0 is at the 41th percentile of its own 9.4-year range
(median 21.4, low 3.8, high 107.6).
P/B 1.72 is at the 26th percentile (median 1.98).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 524582 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -0.6% | -2.8% | +2.2 pts |
| 1 month | -12.5% | -6.8% | -5.7 pts |
| 3 months | -3.3% | -7.6% | +4.3 pts |
| 3 years | +49.6% | +14.2% | +35.4 pts |
| 5 years | +139.3% | +27.9% | +111.5 pts |
Red flags
F-score 7 of 8No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹92 Cr -0.7% vs Jun 2025.
Net profit ₹1 Cr -54.5%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| EID Parry (India) Ltd | 12,390 | 15.3 | 17.0 % |
| Manorama Industries Ltd | 11,763 | 44.5 | 35.4 % |
| Orkla India Ltd | 7,398 | 24.2 | 14.9 % |
| Krishival Foods Ltd | 1,152 | 52.3 | 16.2 % |
| Shri Ahimsa Naturals Ltd | 1,042 | 34.8 | 22.8 % |
| Freshara Agro Exports Ltd | 975 | 26.3 | % |
| Apis India Ltd | 690 | 27.4 | 14.6 % |
| Proventus Agrocom Ltd | 673 | 48.5 | 11.5 % |
| Pajson Agro India Ltd | 512 | 20.6 | 31.4 % |
| Hoac Foods India Ltd | 388 | 68.3 | 32.1 % |
| Madhusudan Masala Ltd | 387 | 21.2 | 16.2 % |
| Nutricircle Ltd | 300 | 999 | 4.23 % |
| Chemkart India Ltd | 300 | 15.3 | 27.7 % |
| Megastar Foods Ltd | 290 | 29.5 | 11.6 % |
| Srivari Spices & Foods Ltd | 242 | 15.7 | 28.6 % |
No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Tirupati Starch & Chemicals Ltd?
Tirupati Starch & Chemicals Ltd (524582) has a market capitalisation of Rs 115 Cr. at the 2026-10-01 close.
What is the P/E ratio of Tirupati Starch & Chemicals Ltd?
Tirupati Starch & Chemicals Ltd trades at a P/E of 19.9 on trailing twelve-month profit, at the 2026-10-01 close.
What were Tirupati Starch & Chemicals Ltd's latest quarterly results?
In the Jun 2026 quarter, Tirupati Starch & Chemicals Ltd sales was Rs 92 Cr (-0.7% vs Jun 2025) and net profit was Rs 1 Cr.