Tirupati Starch & Chemicals Ltd
Incorporated in 1985, Tirupati Starch & Chemicals Ltd manufactures Starch, Dextrose Anhydrous, and other Products[1]
- Market Cap ₹ 167 Cr.
- Current Price ₹ 174
- High / Low ₹ 219 / 140
- Stock P/E 15.8
- Book Value ₹ 65.1
- Dividend Yield 0.00 %
- ROCE 10.3 %
- ROE 13.2 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 2.67 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|
| 364 | 306 | 386 | 378 | |
| 343 | 285 | 361 | 350 | |
| Operating Profit | 21 | 21 | 25 | 28 |
| OPM % | 6% | 7% | 6% | 7% |
| 1 | 0 | 4 | 4 | |
| Interest | 8 | 10 | 11 | 11 |
| Depreciation | 6 | 8 | 8 | 8 |
| Profit before tax | 8 | 3 | 10 | 14 |
| Tax % | 14% | 31% | 26% | |
| 7 | 2 | 8 | 11 | |
| EPS in Rs | 8.12 | 2.28 | 7.85 | 11.04 |
| Dividend Payout % | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 5468% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 22% |
| 5 Years: | 39% |
| 3 Years: | 35% |
| 1 Year: | 2% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 13% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|
| Equity Capital | 8 | 10 | 10 | 10 |
| Reserves | 38 | 44 | 51 | 53 |
| 90 | 154 | 136 | 136 | |
| 33 | 19 | 34 | 37 | |
| Total Liabilities | 169 | 227 | 230 | 235 |
| 55 | 93 | 98 | 92 | |
| CWIP | 46 | 27 | 40 | 44 |
| Investments | 0 | 0 | 0 | 0 |
| 68 | 107 | 92 | 98 | |
| Total Assets | 169 | 227 | 230 | 235 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| 23 | -34 | 49 | |
| -25 | -32 | -26 | |
| 9 | 59 | -24 | |
| Net Cash Flow | 8 | -7 | -1 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Debtor Days | 33 | 41 | 37 |
| Inventory Days | 19 | 83 | 54 |
| Days Payable | 30 | 13 | 24 |
| Cash Conversion Cycle | 22 | 111 | 68 |
| Working Capital Days | -2 | 23 | -5 |
| ROCE % | 8% | 10% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
17 Nov - Submission of Newspapers Publication for Un-audited Financial Results of the Company for Quarter and Half Year ended on 30.09.2025
- Corrigendum To Un-Audited Consolidated Financial Results For The Quarter And Half Year Ended On 30.09.2025 14 Nov
- Submission Of Standalone & Consolidated Un-Audited Financial Results Of The Company For The Quarter And Half Year Ended On 30.09.2025 14 Nov
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Board Meeting Outcome for Outcome Of Board Meeting
14 Nov - Approved unaudited standalone and consolidated Q2/H1 results for September 30, 2025; committees reconstituted.
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Report On Re-Lodgments Of Transfer Requests Of Physical Shares
10 Nov - October 2025 re-lodgement report: 1 request received, 0 processed/approved, 1 rejected; average processing time 3 days.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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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