Is Thirumalai Chemicals a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Thirumalai Chemicals Ltd is a good quality company .

Is Thirumalai Chemicals undervalued or overvalued?

The key valuation ratios of Thirumalai Chemicals Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone .

What is Thirumalai Chemicals share price return in the past 10 years?

Thirumalai Chemicals Ltd share price has appreciated 40.6% annually (CAGR) over the past ten years.

Is Thirumalai Chemicals a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Thirumalai Chemicals Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

Thirumalai Chemicals Ltd - Stock Valuation and Financial Performance

Name: Thirumalai Chemicals
Brand: Thirumalai Chemicals

BSE: 500412 | NSE: TIRUMALCHM | Chemicals | Small Cap

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Thirumalai Chemicals Share Price

₹318.40 4.35 1.39%
as on 18-Nov'24 16:59

10 Year X-Ray of Thirumalai Chemicals:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	18.7%	38.1%	43.6%	51.9%	26.8%	11.3%	22.4%	24.5%	16.8%	7.5%	-
Value Creation Index ⓘ	0.3	1.7	2.1	2.7	0.9	-0.2	0.6	0.8	0.2	-0.5	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	926	780	857	1,012	994	865	857	1,438	1,847	1,987	2,043
Sales YoY Gr.	-	-15.7%	9.8%	18%	-1.7%	-13%	-1%	67.8%	28.5%	7.6%	-
Adj EPS ⓘ	1.1	4	7.4	14.1	9.3	3.6	11.5	14.8	10.9	3.5	5.5
YoY Gr.	-	279.3%	82.8%	91.7%	-34%	-61.2%	218.6%	28.7%	-26.6%	-68.1%	-
BVPS (₹) ⓘ	14.8	18	35.8	50.2	56.8	54.2	70.8	84.8	94	96.1	106.6
Adj Net Profit ⓘ	10.9	41.2	75.3	144	95.2	37	118	151	111	35.6	56
Cash Flow from Ops. ⓘ	106	114	96.5	78.5	161	119	181	268	16.6	129	-
Debt/CF from Ops. ⓘ	0.8	0.3	0	0	0.3	1.2	0.7	0.4	19.9	1.4	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	8.9%	14.9%	32.3%	7.6%
Adj EPS ⓘ	14.1%	-17.9%	-32.9%	-68.1%
BVPSⓘ	23.2%	11.1%	10.7%	2.3%
Share Price	40.6%	38.3%	10.4%	66.8%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	7.4	24.6	27.3	32.7	17.4	6.5	18.4	19	12.2	3.7	5.4
Op. Profit Mgn % ⓘ	4.7	10.8	15.7	22.7	15.6	8.7	22.2	16.7	9.5	4.4	6
Net Profit Mgn % ⓘ	1.2	5.3	8.8	14.3	9.6	4.3	13.7	10.5	6	1.8	2.7
Debt to Equity ⓘ	0.6	0.2	0	0	0.1	0.3	0.2	0.1	0.3	0.2	0.1
Working Cap Days ⓘ	137	120	124	138	171	173	109	81	119	119	61
Cash Conv. Cycle ⓘ	58	24	-13	3	17	-7	-34	-25	-24	-17	4

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 32.34%

Return on Equity has declined versus last 3 years average to 5.40%

Sales growth is not so good in last 4 quarters at 8.57%

Latest Financials - Thirumalai Chemicals Ltd.

	Standalone	Consolidated
TTM EPS (₹)	5.5	-3.3
TTM Sales (₹ Cr.)	2,043	2,098
BVPS (₹.) ⓘ	106.6	118.1
Reserves (₹ Cr.) ⓘ	1,081	1,199
P/BV ⓘ	2.99	2.70
PE ⓘ	58.24	0.00

From the Market
52 Week Low / High (₹)	189.00 / 362.80
All Time Low / High (₹)	2.08 / 362.80
Market Cap (₹ Cr.)	3,260
Equity (₹ Cr.)	10.2
Face Value (₹)	1
Industry PE ⓘ	55.9

Management X-Ray of Thirumalai Chemicals:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Thirumalai Chemicals

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Thirumalai Chemicals

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	926	780	857	1,012	994	865	857	1,438	1,847	1,987
Operating Expenses ⓘ	882	696	725	783	840	791	668	1,198	1,672	1,899
Manufacturing Costs	39	39	52	63	73	61	40	101	142	109
Material Costs	766	568	580	607	672	634	518	948	1,371	1,633
Employee Cost	22	29	32	40	33	33	37	52	56	56
Other Costs ⓘ	56	60	60	72	61	63	73	97	102	101
Operating Profit ⓘ	44	84	133	229	155	74	190	240	176	88
Operating Profit Margin (%)	4.7%	10.8%	15.5%	22.6%	15.6%	8.6%	22.1%	16.7%	9.5%	4.4%
Other Income ⓘ	16	12	8	10	14	22	9	15	44	38
Interest ⓘ	33	21	15	11	11	16	19	18	34	44
Depreciation ⓘ	7	11	14	10	15	21	25	32	30	34
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	20	64	112	218	143	60	154	205	156	48
Tax ⓘ	5	21	38	74	47	19	37	52	37	12
Profit After Tax	14	43	74	144	96	41	118	152	120	36
PAT Margin (%)	1.5%	5.5%	8.6%	14.2%	9.7%	4.7%	13.7%	10.6%	6.5%	1.8%
Adjusted EPS (₹)	1.4	4.2	7.2	14.1	9.4	4.0	11.5	14.9	11.7	3.5
Dividend Payout Ratio (%)	29%	24%	26%	14%	21%	0%	19%	17%	13%	28%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	151	184	367	514	582	555	725	868	962	984
Share Capital ⓘ	10	10	10	10	10	10	10	10	10	10
Reserves ⓘ	141	174	357	504	572	545	714	858	952	974
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	68	23	0	0	33	126	101	75	305	155
Long Term Debt	5	0	0	0	33	126	101	75	50	25
Short Term Debt	63	23	0	0	0	0	0	0	255	130
Trade Payables	69	143	229	72	223	218	175	383	455	464
Others Liabilities ⓘ	129	40	56	218	279	88	119	163	142	130
Total Liabilities ⓘ	417	390	652	804	1,117	988	1,119	1,490	1,864	1,733
Fixed Assets
Gross Block	257	269	160	171	201	380	393	523	537	536
Accumulated Depreciation	183	189	14	24	30	51	76	107	126	128
Net Fixed Assetsⓘ	74	79	146	147	171	329	317	416	411	408
CWIP ⓘ	0	6	9	39	159	71	108	6	12	5
Investmentsⓘ	32	32	79	173	219	119	210	418	538	657
Inventories	71	59	132	114	175	133	109	206	292	217
Trade Receivables	137	110	113	71	78	64	50	96	93	165
Cash Equivalents	8	11	33	44	35	185	258	240	109	161
Others Assetsⓘ	94	92	140	216	280	88	66	107	409	120
Total Assets ⓘ	417	390	652	804	1,117	988	1,119	1,490	1,864	1,733

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	106	114	97	79	161	119	181	268	17	129
PBT ⓘ	20	64	112	218	143	60	154	205	156	48
Adjustment ⓘ	31	27	25	18	20	21	49	38	24	42
Changes in Working Capital ⓘ	58	41	-3	-83	44	46	16	78	-127	45
Tax Paid ⓘ	-3	-18	-37	-74	-47	-7	-39	-52	-36	-6
Cash Flow From Investing Activity ⓘ	-1	-21	-42	-35	-165	-24	-142	-217	-300	197
Capex	-5	-23	-26	-41	-140	-85	-41	-31	-42	-16
Net Investments	0	-3	-21	0	-50	58	-36	-193	-100	-87
Others ⓘ	4	5	5	6	25	4	-65	8	-157	300
Cash Flow From Financing Activityⓘ	-112	-94	-43	-34	14	47	-36	-69	166	-214
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-27	-15	-5	0	50	89	-13	-25	228	-155
Interest Paid ⓘ	-33	-21	-15	-11	-11	-16	-20	-17	-34	-41
Dividend Paid ⓘ	0	-17	0	-19	-20	-24	0	-22	-26	-15
Others ⓘ	-52	-40	-23	-4	-4	-2	-2	-4	-2	-3
Net Cash Flow ⓘ	-8	0	12	10	9	142	2	-17	-117	112

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	9.68	25.52	26.92	32.67	17.53	7.19	18.38	19.13	13.06	3.73
ROCE (%)	18.67	38.1	43.63	51.88	26.83	11.34	22.43	24.5	16.8	7.49
Asset Turnover Ratio	2.02	2.13	1.81	1.42	1.03	0.82	0.81	1.1	1.1	1.1
PAT to CFO Conversion(x)	7.57	2.65	1.31	0.55	1.68	2.9	1.53	1.76	0.14	3.58
Working Capital Days
Receivable Days	58	52	43	32	27	30	24	18	19	24
Inventory Days	47	28	37	43	53	65	52	40	49	47
Payable Days	51	68	117	90	80	127	138	107	112	103

Thirumalai Chemicals Ltd Stock News

Thirumalai Chemicals Ltd FAQs

What is the share price of Thirumalai Chemicals?

Company share prices are keep on changing according to the market conditions. The closing price of Thirumalai Chemicals on 18-Nov-2024 16:59 is ₹318.4.

What is the market cap of Thirumalai Chemicals?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 18-Nov-2024 16:59 the market cap of Thirumalai Chemicals stood at ₹3,260.

What is the P/E ratio of Thirumalai Chemicals?

The latest P/E ratio of Thirumalai Chemicals as of 18-Nov-2024 16:59 is 58.24.

What is the P/B ratio of Thirumalai Chemicals?

The latest P/B ratio of Thirumalai Chemicals as of 18-Nov-2024 16:59 is 2.99.

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

The 52-week high of Thirumalai Chemicals is ₹362.8 and the 52-week low is ₹189.0.

What is the TTM revenue of Thirumalai Chemicals?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Thirumalai Chemicals is ₹2,043 ( Cr.) .

About Thirumalai Chemicals Ltd

Thirumalai Chemicals Limited was incorporated in 1972 as a public limited company and commenced commercial production in 1976. It was established to manufacture PAN with an initial installed capacity of 7500 mts per annum based on the technology supplied by Ch.F.Von Heyden and Davy Power Gas Germany.

Thirumalai Chemicals is a publicly owned company with shares traded in the stock market in India. TCL manufactures and markets organic acids, anhydrides and derivatives for a variety of global industries including plastics, resins, paints, and coatings, agro chemicals, food, pharmaceuticals, textiles, personal care, paper, etc.

The company's first plant to manufacture Phthalic Anhydride was set up in 1973 at Ranipet 100 km from Chennai in South India. Since then, it has grown into a highly profitable enterprise, rapidly expanding into the manufacture of Maleic Anhydride, Fumaric Acid and Malic Acid and various organic acids and derivatives. In 1994 TCL set up TCL Industries (Malaysia) Sdn. Bhd., a joint venture project in Malaysia to produce Maleic Anhydride. The plant is located at Kemaman in Terengganu State of Malaysia.

After the commissioning of the ambitious expansion projects at Ranipet in 1996 and the commissioning of n-Butane conversion Project in Malaysia in 2008, TCL ranks among the largest producers in the world of Phthalic Anhydride, Maleic Anhydride, Fumaric Acid and Malic Acid.

TCL has well planned and widespread infrastructure with regional offices in major cities of India. TCL's international marketing strategy aims at direct relationship with end users to provide efficient service to the customers. It is supported by local specialized agents around the world.

Product range of the company includes:

Phthalic Anhydride
Maleic Anhydride
Fumaric acid
Malic Acid
L(+) Tartaric Acid
Maleic Acid
Succinic Acid
Succinic Anhydride
Phthalimide
Diethyl Phthalate (DEP)

Achievements/ recognition

Recognised as an Export House by the Government of India
Won the Export Award for Meritorious Export Performance 1n 1993-'94
Received the Certificate of Merit for outstanding export performance during 1994-'95
Has pioneered the concept of low energy and zero power in India
Has the first and only food acidulants plant designed and developed completely in-house, ranking among the top in the world.
Has an in-house R&D unit recognised by the Govt. of India, Ministry of Science & Technology since 1993.
Has modern biological effluent treatment plant to ensure nil pollution from the entire complex.
Received ISO -9002 in 1994 for its quality management system - the first company in the world in this line of business, to get the honour. Upgraded and got recertified to ISO 9001:2000.
Thirumalai Chemicals has made environmental initiatives an integral part of the company culture and received ISO 14001 accreditation,in 2000.
TCL follows Good Manufacturing Practices (GMP) in Food acid manufacturing and has received HACCP certification
TCL is working towards acquiring TPM excellence award from JIPM
Became a Zero discharge organisation in August 2006
Received Frost & Sullivan Gold Award 2006
Received National Award for excellence in water management 2007
Received ICC Aditya Birla Award as the Best Responsible Care Committed Company for 2007
Received CII's National Award for Excellence in Energy Management 2008
ISO-9000 ( for Quality Systems), and ISO-14000(for excellence in Environmental, Safety and Health systems).