MarketFriction

Thirumalai Chemicals Ltd

NSE TIRUMALCHM · BSE 500412 · Commodity Chemicals
₹146.26 -3.39%
NSE close2026-10-01
52 week range143.50 - 293.75
Market cap₹1,834 Cr.
Price band 20% Delivery 48.1%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales542492527555525447523450445416424547
Expenses527498523524502467508477449431418514
Operating Profit15-643124-2015-27-4-15633
OPM %2.9%-1.2%0.7%6%4.5%-4.5%2.8%-6%-0.8%-3.6%1.4%6%
Other Income644390828403
Interest10121091014151826212452
Depreciation161517141316182223232123
Profit before tax-4-29-19119-50-11-64-44-55-38-39
Tax %47%-20%10%53%47%-16%28%-7%-24%-16%-27%12%
Net Profit-6-23-2055-42-14-60-33-47-28-44
EPS in Rs-0.59-2.24-2.000.500.48-4.10-1.37-5.86-2.81-3.86-2.32-3.62
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales9401,0281,3121,2611,0851,0861,9982,1322,0832,0501,7361,832
Expenses8428711,0221,0551,0078651,5571,9462,0322,0011,7711,812
Operating Profit98158290206782214411865149-3520
OPM %10%15%22%16%7%20%22%9%2.5%2.4%-2.0%1.1%
Other Income54712217123019211116
Interest2317131217212031424989123
Depreciation253631364450575663618890
Profit before tax5510925316938157375129-35-41-202-177
Tax %41%35%33%33%39%25%25%31%12%13%-17%
Net Profit32711701142311828190-39-46-168-152
EPS in Rs3.146.9016.6411.092.2611.4927.478.77-3.79-4.50-13.93-12.61
Dividend Payout %51%27%12%18%0%19%9%17%-26%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth6%10%-7%-6%
Compounded Profit Growth%%%-29%
Stock Price CAGR11%-13%-11%-46%
Return on Equity7%2%-7%-12%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital101010101010101010101012
Reserves1832083885636586287931,0751,1821,1361,1451,552
Borrowings1429162501031971831655141,2521,7862,175
Other Liabilities2122113272023703653586126549228671,000
Total Liabilities5475207868251,1411,2001,3431,8622,3603,3203,8084,738
Fixed Assets2432563173103835505135966717121,2511,251
CWIP71894415982126644061,2001,3522,518
Investments557710415049136180132173200154
Other Assets2912413833674495195691,0221,1501,2361,005814
Total Assets5475207868251,1411,2001,3431,8622,3603,3203,8084,738
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity1541261088123414022140254237-66-131
Cash from Investing Activity-19-32-44-54-221-36-159-134-335-824-531-591
Cash from Financing Activity-142-93-52-161646-38-70206643375603
Net Cash Flow-8012102915024198-7556-223-119
Free Cash Flow1329885224138160329-308-574-676-730
CFO/OP422%147%91%57%137%190%118%108%66%480%-90%384%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days525049333330292917323541
Inventory Days423882598469747476555750
Days Payable38921395311912312914111811310377
Cash Conversion Cycle56-3-839-2-24-26-39-25-26-1114
Working Capital Days-8-15-5374-5-19-23-61-93-57-160
ROCE %7%24%33%49%26%7%20%35%11%0%0%-3%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters42.17%41.98%41.95%41.95%41.92%41.92%41.89%41.87%36.13%37.13%37.13%37.13%
FIIs1.86%1.88%2.16%2.50%2.86%2.77%1.97%1.88%2.15%1.97%2.06%1.46%
DIIs0.16%0.17%0.54%1.29%1.30%1.27%1.12%1.05%9.32%9.47%9.93%10.07%
Public55.81%55.98%55.34%54.25%53.90%54.04%55.02%55.20%52.39%51.43%50.86%51.34%
No. of Shareholders77,68576,90370,81764,65162,05361,24959,51559,35658,41657,44656,73957,101

Fundamentals

Market Cap₹ 1,834 Cr.
Current Price₹ 152
Book Value₹ 130
ROCE-3.15 %
ROE-11.8 %
Dividend Yield0.00 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)-6%
Compounded Profit Growth (TTM)-29%
Consolidated figures.
Valuation
Market capRs 1,764 Cr
Enterprise valueRs 3,676 Cr
Price to book1.13x
Price to sales0.96x
EV / EBITDA102.20x
EV / sales2.01x
Earnings yield-8.60%
P/B, 3-year average1.84x
P/E, 5-year average14.64x
P/B, 5-year average1.90x
Profitability
Operating margin (excl. other income)-2.03%
Operating margin (incl. other income)-1.41%
EBITDA margin1.96%
Pre-tax margin-9.63%
Net profit margin-8.28%
Net margin, latest quarter-7.99%
ROE-12.35%
ROCE-3.38%
ROA-3.93%
ROE, 3-year average-6.56%
ROCE, 3-year average-0.91%
ROA, 3-year average-2.20%
ROE, 5-year average3.60%
ROCE, 5-year average8.71%
ROA, 5-year average3.04%
ROIC (approx.)-1.29%
Tax rate16.79%
Other income / net worth0.69%
Growth
Sales growth (latest year)-15.32%
Sales CAGR, 3 years-6.63%
Sales CAGR, 5 years9.84%
Sales growth QoQ28.86%
Sales growth YoY (latest quarter)21.47%
Per share
EPS (TTM)Rs -12.57
EPS (latest year)Rs -13.93
EPS (latest quarter)Rs -3.62
EPS, 3-year averageRs -7.40
EPS, 5-year averageRs 2.80
Book value per shareRs 129.68
Sales per shareRs 151.95
Cash flow per shareRs -10.84
Free cash flow per shareRs -60.54
Dividend per share, 3-year averageRs 1.00
Dividend per share, 5-year averageRs 1.67
Dividends
Dividend payout, 5-year average13.10%
Efficiency
Asset turnover0.37x
Fixed asset turnover1.39x
Inventory turnover8.31x
Inventory days44 days
Debtor days41 days
Debtors turnover8.81x
Creditor days77 days
Cash conversion cycle14 days
Working capital days-160 days
Leverage
Total debtRs 2,175 Cr
Cash and bankRs 262 Cr
Net debtRs 1,913 Cr
Debt to equity1.39x
Net debt / EBITDA53.17x
Interest coverage-0.44x
Current ratio (filing 2026-03-31)0.61x
Quick ratio (filing 2026-03-31)0.47x
Trade payables (filing 2026-03-31)Rs 287 Cr
Owners' fund to total sources33.00%
Debt to assets45.90%
Cash flow
Cash from Operating Activity (latest year)Rs -131 Cr
Cash from Investing Activity (latest year)Rs -591 Cr
Cash from Financing Activity (latest year)Rs 603 Cr
Net Cash Flow (latest year)Rs -119 Cr
Free cash flow (latest year)Rs -730 Cr
FCFE (approx.: FCF + change in debt)Rs -341 Cr
Cash from ops / profit, 5 years4.20x
Statement figures
Net sales (TTM)Rs 1,832 Cr
Net sales (latest year)Rs 1,736 Cr
Sales (latest quarter)Rs 547 Cr
Operating profit excl. other income (latest year)Rs -35 Cr
Operating profit (latest quarter)Rs 33 Cr
Other income (TTM)Rs 16 Cr
EBITDA (TTM)Rs 36 Cr
PBDT (TTM)Rs -87 Cr
Profit before tax (TTM)Rs -177 Cr
Tax (latest year)Rs -34 Cr
Net profit (TTM)Rs -152 Cr
Net profit (latest year)Rs -168 Cr
Net profit (latest quarter)Rs -44 Cr
Depreciation (TTM)Rs 90 Cr
Depreciation (latest quarter)Rs 23 Cr
Interest (TTM)Rs 123 Cr
Cost of goods sold (latest year)Rs 1,545 Cr
Total expenditure (latest year)Rs 1,771 Cr
Total income (latest year)Rs 1,746 Cr
Share capitalRs 12 Cr
ReservesRs 1,552 Cr
Shareholders' fundsRs 1,564 Cr
Total assetsRs 4,738 Cr
Net blockRs 1,251 Cr
Capital work in progressRs 2,518 Cr
InvestmentsRs 154 Cr
ReceivablesRs 197 Cr
InventoryRs 186 Cr
Other liabilitiesRs 1,000 Cr
Shares outstanding (crore)12.06
Ownership
Promoter holding37.13% (-4.74 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/B 1.13 is at the 7th percentile (median 2.37).
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.
PeriodTIRUMALCHMNifty 50Difference
1 week-10.2%-2.8% -7.5 pts
1 month-8.2%-6.8% -1.4 pts
3 months-20.5%-7.6% -12.9 pts
6 months-11.5%+0.4% -11.9 pts
1 year-50.7%-9.9% -40.8 pts
2 years-56.8%-13.6% -43.2 pts
3 years-32.0%+14.2% -46.2 pts
5 years-51.2%+27.9% -79.1 pts
10 mutual fund schemes hold about ₹124 Cr. Over three months 5 bought more and 3 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Motilal Oswal Small Cap Fund0.98%80 +11%
ICICI Pru Commodities Fund0.44%19 +10%
Bandhan Small Cap Fund0.03%10 +1%
Bandhan Balanced Advantage Fund0.25%6 +15%
ICICI Pru Multi Cap Fund0.02%4 +14%
ICICI Pru Multi Cap Fund0.02%4 +14%
Bandhan Business Cycle Fund0.23%3 -41%
Motilal Oswal Multi Cap Fund0.00%0 -100%
Motilal Oswal Business Cycle Fund0.00%0 -100%
Motilal Oswal BSE 1000 Index Fund0.00%0

Red flags

F-score 2 of 8
lookShare dilution Share count up 18% in a year, 18% in three
lookRepeated losses Net loss in each of the last two years
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 2026
Sales ₹547 Cr +21.6% vs Jun 2025. Net loss ₹44 Cr.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-07-16Annual General Meeting/Dividend - Rs Re 1 Per Share
2023-07-14Annual General Meeting/Dividend - Rs 1.50 Per Share
2022-07-19Annual General Meeting/Dividend - Rs 2.50 Per Share
2021-07-13 Annual General Meeting/Dividend - Rs 2.20 Per Share
2020-07-30 Annual General Meeting
2019-07-17 Annual General Meeting/Dividend - Rs 2 Per Share
2018-08-14 Face Value Split (Sub-Division) - From Rs 10/- Per Share To Re 1/- Per Share0.1000
2018-07-16 Annual General Meeting/Dividend- Rs 20 Per Share
2017-07-13 Annual General Meeting/Dividend - Rs 18.75 Per Share
2016-07-21 Annual Gemeral Meeting
2016-03-17 Interim Dividend - Rs 6/- Per Share (Purpose Revised)
2015-11-03 Interim Dividend - Rs 4/- Per Share (Purpose Revised)
2015-07-24Annual General Meeting/ Dividend - Rs 4/- Per Share
2014-07-24Annual General Meeting
2013-06-27Annual General Meeting / Final Dividend - Rs 2.50/- Per Equity Share
2013-02-07Interim Dividend Rs 5 Per Share (Purpose Revised)
2012-07-03Annual General Meeting
2011-07-15Annual General Meeting
2010-07-23Dividend Rs 5 Per Share
2009-09-09Annual General Meeting Bc Dates Revised
2008-07-04Agm/Dividend - 100%
2007-06-28Agm/Div-Rs.9/- Per Sh
2006-07-07Agm/Div-Rs.6.50/- Per Sh
DateTypeWhat it says
2026-10-01Regulatory actionAction(s) initiated or orders passed
2026-09-30Regulatory actionAction(s) initiated or orders passed
2026-09-30CorrigendumCorrigendum to intimation regarding outcome of Fund Raising Committee submitted on September 30, 2026.
2026-09-30General UpdatesOutcome of the meeting of Fund Raising Committee of the Board of Directors held on September 30, 2026
2026-08-30UpdatesOutcome of the meeting of Fund Raising Committee of the Board of Directors held on August 30, 2026 .
2026-08-29Resignation of Statutory AudResignation of Statutory Auditor
2026-08-29General UpdatesResignation of Statutory Auditors in Material Subsidiary of the Company
2026-08-19Regulatory actionAction(s) initiated or orders passed
2026-08-13Credit Rating- RevisionCredit Rating- Revision
2026-08-07Shareholder meetingPlease find attached the Copy of proceeding, e-voting results and scrutinizer report of 53rd AGM of the Company held on August 07, 2026
2026-08-07UpdatesCorporate Presentation for the quarter ended June 30, 2026.
2026-08-04Statement of deviation(s) orStatement of deviation(s) or variation(s) under Reg. 32
2026-08-04Board meeting outcomeFinancial Results for the quarter ended June 30, 2026
2026-07-31Regulatory actionShow cause notice received from regulatory authority.
2026-06-17Disclosure under SEBI TakeovThirumalai Chemicals Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (...
2026-06-12Shareholder meetingProceedings of Postal Ballot. Further, the company has informed the Exchange regarding voting results along with copy of scrutinizers report together ...
2026-06-10Credit RatingCredit Rating
2026-05-30Statement of deviation(s) orStatement of deviation(s) or variation(s) under Reg. 32
2026-05-30Board meeting outcomeThirumalai Chemicals Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-13Shareholder meetingNotice of Postal Ballot
2026-04-30AgreementsAgreements
2026-03-18Volume querySignificant increase in volume has been observed in Thirumalai Chemicals Limited. The Exchange, in order to ensure that investors have latest relevant...
2026-03-18Volume querySignificant increase in volume has been observed in Thirumalai Chemicals Limited. The Exchange, in order to ensure that investors have latest relevant...
2026-03-04Concall / analyst meetSchedule of Investor meet and Presentation
2026-03-03UpdatesCorporate Presentation for the Quarter and Nine Months ended December 2025.
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.
EPS in the scrip is zero (4 trailing quarters)

Quick answers

What is the market cap of Thirumalai Chemicals Ltd?

Thirumalai Chemicals Ltd (TIRUMALCHM) has a market capitalisation of Rs 1,834 Cr. at the 2026-10-01 close.

What were Thirumalai Chemicals Ltd's latest quarterly results?

In the Jun 2026 quarter, Thirumalai Chemicals Ltd sales was Rs 547 Cr (+21.6% vs Jun 2025) with a net loss of Rs 44 Cr.

What is the 52-week high and low of Thirumalai Chemicals Ltd?

The 52-week high is Rs 293.75 and the 52-week low is Rs 143.50.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03