Thirumalai Chemicals Ltd

₹ 320 -0.16%

04 Oct - close price

thirumalaichemicals.com BSE: 500412 NSE: TIRUMALCHM

About

Thirumalai Chemicals Ltd is a part of the Thirumalai Group, which has business interests in chemicals, surfactants, pigments and education. The Company’s principal activities are manufacturing and selling chemicals such as PAN, DEP etc. ^[1]^[2]

Key Points

Products
Phthalic anhydride (PA): It is a white crystalline compound used to manufacture plasticizers, pigments, dyes, and resins.
Malic Acid and Fumaric Acid: It is an organic compound that is the active ingredient in many sour and tart foods. Fumaric Acid is an essential ingredient in plant life. It is used in the manufacture of medicines, drinks, food, animal feed, cleansing agents, unsaturated polyester, alkyd resins, and printing inks.
Diethyl phthalate (DEP): It is used to make plastics more flexible. Products include toothbrushes, perfumes, automobile parts, tools, etc. ^[1]

Website BSE NSE

Market Cap ₹ 3,274 Cr.
Current Price ₹ 320
High / Low ₹ 363 / 186
Stock P/E 74.1
Book Value ₹ 96.1
Dividend Yield 0.31 %
ROCE 7.45 %
ROE 3.73 %
Face Value ₹ 1.00

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Pros

Company has reduced debt.
Company has been maintaining a healthy dividend payout of 19.3%

Cons

Company has a low return on equity of 11.5% over last 3 years.
Contingent liabilities of Rs.1,128 Cr.
Earnings include an other income of Rs.34.2 Cr.
Company's cost of borrowing seems high

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Chemicals Industry: Chemicals

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
	289	352	382	415	482	492	454	419	468	551	472	496	534
	226	308	321	343	423	439	420	391	427	532	460	480	483
Operating Profit	63	43	61	72	59	53	34	29	41	19	12	16	51
OPM %	22%	12%	16%	17%	12%	11%	8%	7%	9%	3%	2%	3%	9%
	2	5	4	4	5	9	8	23	8	19	4	7	4
Interest	4	5	4	5	5	6	11	12	13	13	9	9	8
Depreciation	7	8	8	9	7	7	8	8	9	9	8	8	8
Profit before tax	54	35	53	62	52	48	24	32	27	16	-1	6	38
Tax %	25%	27%	25%	25%	25%	25%	26%	17%	25%	19%	-133%	60%	26%
	41	26	39	46	39	36	18	27	20	13	0	2	28
EPS in Rs	3.97	2.52	3.85	4.53	3.80	3.52	1.72	2.64	1.98	1.29	0.04	0.24	2.75
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	1,145	1,034	923	777	857	1,012	994	865	857	1,438	1,847	1,987	2,052
	1,044	988	879	692	725	783	840	791	668	1,198	1,672	1,899	1,955
Operating Profit	101	45	44	84	133	229	155	74	190	240	176	88	98
OPM %	9%	4%	5%	11%	15%	23%	16%	9%	22%	17%	10%	4%	5%
	8	16	16	12	8	10	14	22	9	15	44	38	34
Interest	52	45	33	21	15	11	11	16	19	18	34	44	38
Depreciation	13	12	7	11	14	10	15	21	25	32	30	34	34
Profit before tax	44	3	20	64	112	218	143	60	154	205	156	48	59
Tax %	37%	-3%	27%	33%	34%	34%	33%	31%	24%	26%	24%	25%
	28	4	14	43	74	144	96	41	118	152	120	36	44
EPS in Rs	2.71	0.35	1.39	4.17	7.24	14.06	9.38	3.99	11.49	14.88	11.67	3.55	4.32
Dividend Payout %	28%	0%	29%	24%	26%	14%	21%	0%	19%	17%	13%	28%

Compounded Sales Growth
10 Years:	7%
5 Years:	15%
3 Years:	32%
TTM:	12%

Compounded Profit Growth
10 Years:	26%
5 Years:	-18%
3 Years:	-32%
TTM:	-56%

Stock Price CAGR
10 Years:	41%
5 Years:	38%
3 Years:	-1%
1 Year:	51%

Return on Equity
10 Years:	15%
5 Years:	12%
3 Years:	11%
Last Year:	4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	10	10	10	10	10	10	10	10	10	10	10	10
Reserves	128	132	141	174	357	504	572	545	714	858	952	974
	251	162	83	28	0	0	50	139	125	105	332	189
	277	290	183	178	285	142	291	294	269	517	569	560
Total Liabilities	666	594	417	390	652	656	923	988	1,119	1,490	1,864	1,733
	92	77	74	79	146	147	171	329	317	416	411	408
CWIP	1	3	0	6	9	39	159	71	108	6	12	5
Investments	33	33	32	32	79	173	219	119	210	418	538	657
	541	481	310	273	417	298	374	470	483	650	903	663
Total Assets	666	594	417	390	652	656	923	988	1,119	1,490	1,864	1,733

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	21	127	106	114	97	79	161	119	181	268	17	129
	6	20	-1	-21	-42	-35	-165	-24	-143	-217	-297	200
	-31	-139	-112	-94	-43	-34	14	47	-36	-69	166	-214
Net Cash Flow	-5	8	-8	-0	12	10	9	142	2	-17	-114	115

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	81	67	54	52	48	26	29	27	21	24	18	30
Inventory Days	75	80	34	38	83	69	95	76	77	79	83	54
Days Payable	92	61	33	92	144	43	121	126	123	147	130	117
Cash Conversion Cycle	63	86	55	-2	-13	51	3	-22	-25	-44	-28	-32
Working Capital Days	58	40	25	17	13	36	7	-1	-8	-21	50	1
ROCE %	26%	13%	19%	38%	44%	52%	27%	11%	22%	24%	17%	7%

Shareholding Pattern

Numbers in percentages

4 Recently

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
	41.90%	41.98%	41.98%	41.98%	41.98%	42.01%	42.07%	42.16%	42.17%	41.98%	41.95%	41.95%
	2.06%	1.89%	1.29%	2.67%	2.50%	1.99%	2.14%	1.81%	1.86%	1.88%	2.16%	2.50%
	0.02%	0.02%	0.02%	0.02%	0.01%	0.01%	0.01%	0.10%	0.16%	0.17%	0.54%	1.29%
	0.70%	0.70%	0.70%	0.70%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	55.33%	55.42%	56.01%	54.64%	55.50%	55.99%	55.78%	55.93%	55.81%	55.98%	55.34%	54.25%
No. of Shareholders	70,596	79,556	81,618	78,186	82,261	81,997	80,137	78,530	77,685	76,903	70,817	64,651

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Jun 2024
	41.46%	41.45%	41.62%	41.86%	41.90%	41.98%	42.07%	41.95%	41.95%
	5.93%	6.85%	2.32%	0.94%	0.27%	1.29%	2.14%	2.16%	2.50%
	0.35%	0.44%	0.31%	0.12%	0.01%	0.02%	0.01%	0.54%	1.29%
	0.00%	0.00%	0.00%	0.00%	0.70%	0.70%	0.00%	0.00%	0.00%
	52.26%	51.25%	55.74%	57.08%	57.13%	56.01%	55.78%	55.34%	54.25%
No. of Shareholders	18,871	29,018	47,471	51,609	53,568	81,618	80,137	70,817	64,651

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Thirumalai Chemicals Ltd

Thirumalai Chemicals Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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