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TIRUMALCHM

OVERVALUED

Thirumalai Chemicals Limited

Chemicals · NSE

288.6% vs fair value

52W Low

158

+31.4% from low

52W High

329

-36.9% from high

News sentiment
2 bull5 neu6 bear

Valuation Gauge

OVERVALUED-288.6% Margin of Safety
OVERVALUEDFAIRLY VALUEDUNDERVALUED

Current Price

₹208

Fair Value

₹53

Fair Value Analysis

₹53

Based on balance sheet strength analysis and earnings growth potential for Chemicals sector companies | Sector-cheap: P/E at 93th percentile vs sector peers. | CAUTION: ROCE declining (latest 1.7%) — returns on capital are falling; verify this isn't a value trap. | COVID impact: PAT dropped from ₹114Cr (FY2019) to ₹23Cr (FY2020); recovery incomplete. CAGR uses pre-COVID base.

Medium confidence

Balance Sheet Value

60% weight

₹73

Growth Valuation

40% weight

₹24

Price vs Market

TIRUMALCHM
Nifty 50

Shareholding Pattern

Stock Health Score

D

Weak Fundamentals

3.1 / 10

Profitability

6/10

ROE of 1.3% is below the Chemicals sector benchmark of 15%

Debt & Leverage

6/10

D/E ratio of 1.4x is manageable for Chemicals sector (norm: 0.8x)

Valuation vs Peers

1/10

P/E of 108.5x is 1.7x the Chemicals sector median of 64x — expensive

Cash Flow

1/10

Negative FCF of ₹-679 Cr — company is consuming more cash than it generates

Earnings Growth

1/10

5yr EPS CAGR of -22.0% — severe earnings decline

Dividend

4/10

No dividend — typical for growth-stage companies

Company Health Timeline

10-year financial health at a glance

FY16
FY17
FY18
FY19
FY20
FY21
FY22
FY23
FY24
FY25
Revenue Growth
OPM %
Net Profit
Free Cash Flow
ROE %
ROCE %
Debt / Equity
Interest Cov.
Health Score
75
100
100
88
50
88
100
63
0
0
Strong
Moderate
Weak
Poor
No data

Sentiment Trend — Last 30 Days

Historical Returns

Key Ratios & Growth

FCF Yield

-23.9%

Free cash flow / market cap

Revenue Growth (YoY)

-7.1%

Year-on-year revenue change

Profit Growth (YoY)

-91.3%

Year-on-year PAT change

Operating Cash Flow

₹-66 Cr

TTM cash from operations

Key Financials

EPS (TTM)

₹1.9

P/E Ratio

108.5x

P/B Ratio

1.6x

ROE

1.3%

ROCE

0.1%

Debt / Equity

1.36x

Beta

0.12

Div Yield

FCF (Cr)

₹-679 Cr

Revenue (Cr)

₹2,037 Cr

EPS Growth 5Y

Mkt Cap (Cr)

₹2,480 Cr

52W High

₹328.8

52W Low

₹158

Book Value/Share

₹125.9

Financial History

PeriodRevenueOp ProfitOPM%PATEPS
TTM₹1.8K Cr₹-31 Cr-2.0%₹-154 Cr₹-13.90
2025-03-31₹2.0K Cr₹49 Cr2.0%₹-46 Cr₹-4.50
2024-03-31₹2.1K Cr₹51 Cr2.0%₹-39 Cr₹-3.79
2023-03-31₹2.1K Cr₹186 Cr9.0%₹90 Cr₹8.77
2022-03-31₹2.0K Cr₹441 Cr22.0%₹281 Cr₹27.47
2021-03-31₹1.1K Cr₹221 Cr20.0%₹118 Cr₹11.49
2020-03-31₹1.1K Cr₹78 Cr7.0%₹23 Cr₹2.26
2019-03-31₹1.3K Cr₹206 Cr16.0%₹114 Cr₹11.09
2018-03-31₹1.3K Cr₹290 Cr22.0%₹170 Cr₹16.64
2017-03-31₹1.0K Cr₹158 Cr15.0%₹71 Cr₹6.90
2016-03-31₹940 Cr₹98 Cr10.0%₹32 Cr₹3.14
2015-03-31₹1.1K Cr₹38 Cr4.0%₹-14 Cr₹-1.34
2014-03-31₹1.3K Cr₹83 Cr7.0%₹12 Cr₹1.16

Compounded Growth Rates

Sales Growth

3Y-4.9%
5Y+11.0%
10Y+6.9%

Profit Growth

3Y
5Y
10Y

EPS Growth

3Y
5Y
10Y

Peer Comparison

Chemicals
StockPriceFair ValueMoS%P/EROESignal

HMA Agro Industries Limited

₹24.4₹95+74.3%7.119.7%FAIRLY_VALUED

Khaitan Chemicals & Fertilizers Limited

₹55.5₹212.1+73.8%8.126.7%FAIRLY_VALUED

Madras Fertilizers Limited

₹68.1₹241.9+71.8%146.9269.6%UNDERVALUED

ShreeOswal Seeds And Chemicals Limited

₹12.1₹41.2+70.7%30.911.8%UNDERVALUED

Kothari Petrochemicals Limited

₹123.8₹306.8+59.6%11.421.4%UNDERVALUED

Agro Phos India Limited

₹30.2₹73.3+58.8%12.313.9%UNDERVALUED

Kothari Sugars And Chemicals Limited

₹25.6₹45.6+43.8%39.412.9%UNDERVALUED

Aries Agro Limited

₹352.5₹620.4+43.2%10.59.9%UNDERVALUED

Institutional Activity

Bulk deals, block deals, short selling & delivery volume — NSE data

Insider Trading

Community Pulse

Exchange Filings

BSE announcements · last 90 days

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