Tirupati Starch & Chemicals Ltd

Tirupati Starch Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Tirupati Starch & Chemicals Ltd

₹ 162 -0.58%
12 Jun - close price
tirupatistarch.com BSE: 524582
About

Incorporated in 1985, Tirupati Starch & Chemicals Ltd manufactures Starch, Dextrose Anhydrous, and other Products[1]

Key Points

Product Profile:[1][2]
a) Main Products:
Maize Starch Powder, Dextrose Anhydrous, Dextrose Monohydrate, Dextrin (White & Yellow), IP Starch, Liquid Glucose, Tyrolese, Vervosize
b) By Products:
Hydrol, Maize Bran, Maize Cattle Feed, Grit, Maize Germ, Maize Gluten, Maize Husk Dry/ Wet, Corn Gluten, and Corn Gem

Website BSE
  • Market Cap ₹ 156 Cr.
  • Current Price ₹ 162
  • High / Low ₹ 264 / 140
  • Stock P/E 20.7
  • Book Value ₹ 63.3
  • Dividend Yield 0.00 %
  • ROCE 10.4 %
  • ROE 13.2 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Stock is trading at 2.56 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 7.31% over past five years.
  • Company has a low return on equity of 10.9% over last 3 years.
  • Company might be capitalizing the interest cost

* 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

Fast Moving Consumer Goods Fast Moving Consumer Goods Food Products Other Food Products

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
90.17 99.75 92.91 85.53 86.02 75.25 61.60 86.79 82.48 86.23 103.27 99.22 97.50
82.65 95.90 88.44 80.14 78.71 71.13 57.68 81.14 75.68 83.64 98.25 85.82 93.79
Operating Profit 7.52 3.85 4.47 5.39 7.31 4.12 3.92 5.65 6.80 2.59 5.02 13.40 3.71
OPM % 8.34% 3.86% 4.81% 6.30% 8.50% 5.48% 6.36% 6.51% 8.24% 3.00% 4.86% 13.51% 3.81%
1.50 0.11 0.12 0.14 0.21 0.08 0.06 0.12 0.13 0.10 0.13 -0.10 3.89
Interest 1.66 1.81 2.03 2.37 2.13 2.12 1.96 2.50 3.52 2.67 2.75 2.49 2.80
Depreciation 2.00 1.46 1.46 1.46 1.24 1.41 1.87 2.10 2.37 1.93 2.08 2.01 1.83
Profit before tax 5.36 0.69 1.10 1.70 4.15 0.67 0.15 1.17 1.04 -1.91 0.32 8.80 2.97
Tax % 19.22% 43.48% 28.18% 17.65% 3.86% 17.91% 80.00% 10.26% 58.65% 8.90% -106.25% 15.68% 48.48%
4.33 0.39 0.80 1.40 3.98 0.55 0.04 1.06 0.43 -2.08 0.66 7.43 1.53
EPS in Rs 6.19 0.56 1.14 1.73 4.92 0.68 0.05 1.11 0.45 -2.17 0.69 7.75 1.60
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
61 59 158 177 199 227 271 200 318 364 306 386
58 55 152 169 189 216 263 191 298 343 286 361
Operating Profit 3 4 6 8 10 11 8 9 19 21 20 25
OPM % 5% 6% 4% 4% 5% 5% 3% 5% 6% 6% 7% 6%
0 1 1 2 1 0 0 0 2 1 0 4
Interest 1 1 6 5 4 3 2 3 6 8 10 11
Depreciation 1 2 4 5 5 5 5 5 6 6 8 8
Profit before tax 2 1 -5 0 2 4 2 1 9 8 3 10
Tax % 25% 193% -67% -3,700% 21% 21% 26% 4% 12% 14% 32% 26%
1 -1 -2 1 2 3 1 1 8 7 2 8
EPS in Rs 1.95 -1.95 -2.48 1.87 2.90 5.32 1.89 1.47 11.80 8.12 2.16 7.86
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 21%
5 Years: 7%
3 Years: 7%
TTM: 26%
Compounded Profit Growth
10 Years: 24%
5 Years: 46%
3 Years: -3%
TTM: 264%
Stock Price CAGR
10 Years: 32%
5 Years: 50%
3 Years: 35%
1 Year: -20%
Return on Equity
10 Years: 11%
5 Years: 12%
3 Years: 11%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 6 6 6 6 6 6 6 7 7 8 10 10
Reserves 7 6 4 7 11 15 16 21 29 38 44 51
39 44 54 49 26 23 22 55 77 90 154 136
4 27 40 44 65 94 96 51 45 33 19 34
Total Liabilities 57 82 105 107 109 138 140 133 158 169 226 230
6 61 59 64 65 60 55 71 61 55 93 98
CWIP 33 0 4 0 0 9 18 7 16 46 27 40
Investments 0 0 0 0 0 0 0 0 1 0 0 0
18 21 43 42 44 69 66 55 80 68 107 91
Total Assets 57 82 105 107 109 138 140 133 158 169 226 230

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
3 17 -4 14 33 5 12 -35 -1 23 -34 49
-21 -20 -6 -5 -5 -9 -9 -6 -6 -25 -32 -26
18 3 10 -8 -28 4 -3 41 7 9 59 -24
Net Cash Flow 0 0 -0 -0 0 0 -0 -0 -0 8 -7 -1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 27 45 44 36 38 61 37 45 35 33 41 37
Inventory Days 68 112 55 43 33 41 48 39 54 19 83 54
Days Payable 27 223 89 58 54 99 154 90 55 30 13 24
Cash Conversion Cycle 69 -66 10 20 17 2 -69 -6 33 22 111 68
Working Capital Days 55 -67 -0 23 21 26 -42 10 31 23 92 52
ROCE % 6% 5% 3% 6% 12% 15% 9% 7% 16% 13% 8% 10%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
63.00% 63.00% 67.98% 67.99% 67.99% 67.99% 68.05% 73.04% 73.04% 73.04% 73.04% 73.04%
0.35% 0.35% 0.30% 0.30% 0.30% 0.30% 0.30% 0.26% 0.26% 0.26% 0.26% 0.26%
36.65% 36.65% 31.70% 31.72% 31.70% 31.71% 31.64% 26.71% 26.71% 26.71% 26.71% 26.71%
No. of Shareholders 10,69410,69910,65710,72310,68810,66010,69810,64510,77410,95010,95210,847

* 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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