Tata Chemicals Ltd

About [ edit ]

Tata Chemicals engages in the manufacture of inorganic chemistry products with plants spread across four continents America, Europe, Africa and Asia. We are the worlds third largest Soda Ash and Indias leading vacuum evaporated iodised salt producer. Their salt works, spread over 36,000 acres, are the largest in Asia. We produce soda ash using synthetic and natural mining process. Of this, 3/4th capacity consists of natural soda ash allowing us significant cost competiveness.(Source : 202003 Annual Report Page No: 44)

  • Market Cap 18,940 Cr.
  • Current Price 743
  • High / Low 758 / 197
  • Stock P/E 34.9
  • Book Value 514
  • Dividend Yield 1.48 %
  • ROCE 7.65 %
  • ROE 7.39 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 18.20%
  • Promoter holding has increased by 2.51% over last quarter.

Cons

  • The company has delivered a poor sales growth of -9.65% over past five years.
  • Company has a low return on equity of 12.63% for last 3 years.
  • Earnings include an other income of Rs.6499.34 Cr.

Peer comparison

Sector: Chemicals Industry: Chemicals

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
2,555 2,744 2,961 2,570 2,561 2,584 2,771 2,623 2,378 2,348 2,609 2,606
2,043 2,261 2,359 2,158 2,115 2,072 2,222 2,175 1,978 1,989 2,223 2,134
Operating Profit 512 483 602 412 447 512 549 449 400 359 386 472
OPM % 20% 18% 20% 16% 17% 20% 20% 17% 17% 15% 15% 18%
Other Income 952 128 161 147 250 82 92 59 6,313 59 79 49
Interest 86 89 92 95 82 94 87 75 86 118 84 81
Depreciation 134 135 142 143 152 163 166 164 174 190 192 185
Profit before tax 1,245 387 529 321 463 338 388 268 6,454 110 189 255
Tax % 3% 32% 23% 17% 3% 33% 5% 25% 0% 33% 30% 21%
Net Profit 1,169 206 322 219 409 153 285 146 6,421 13 70 161
EPS in Rs 45.86 8.08 12.63 8.61 16.04 6.02 11.20 5.74 252.02 0.52 2.77 6.31
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
12,652 9,449 11,061 13,815 14,711 15,885 17,204 14,873 10,346 10,270 10,337 10,357 9,942
10,767 7,785 9,204 11,565 13,096 15,200 15,301 12,777 8,251 6,937 8,556 8,411 8,324
Operating Profit 1,885 1,664 1,856 2,250 1,615 686 1,903 2,096 2,095 3,333 1,780 1,945 1,617
OPM % 15% 18% 17% 16% 11% 4% 11% 14% 20% 32% 17% 19% 16%
Other Income -149 109 67 69 296 -154 179 210 295 273 803 6,480 6,499
Interest 395 393 351 427 464 579 461 525 297 326 354 342 368
Depreciation 423 447 451 509 534 471 463 526 512 518 568 666 742
Profit before tax 917 933 1,121 1,383 913 -519 1,159 1,255 1,580 2,763 1,661 7,416 7,007
Tax % 17% 22% 25% 25% 33% -56% 30% 20% 22% 2% 17% 3%
Net Profit 648 606 653 838 400 -1,032 596 771 993 2,433 1,156 7,006 6,666
EPS in Rs 27.56 24.90 25.65 32.87 15.71 -40.50 23.41 30.24 38.98 95.49 45.37 274.97 261.62
Dividend Payout % 33% 36% 39% 30% 64% -25% 53% 33% 28% 23% 28% 4%
Compounded Sales Growth
10 Years:1%
5 Years:-10%
3 Years:0%
TTM:-6%
Compounded Profit Growth
10 Years:3%
5 Years:9%
3 Years:-2%
TTM:-41%
Stock Price CAGR
10 Years:18%
5 Years:37%
3 Years:34%
1 Year:136%
Return on Equity
10 Years:10%
5 Years:13%
3 Years:13%
Last Year:7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
235 243 255 255 255 255 255 255 255 255 255 255 255
Reserves 4,544 4,477 5,197 6,081 6,159 5,311 5,297 6,600 7,653 10,847 12,086 12,643 12,841
Borrowings 6,284 4,994 5,691 7,061 8,384 8,393 8,379 9,090 7,072 6,108 6,130 7,514 6,659
3,846 3,773 4,325 5,536 5,288 6,127 6,872 8,402 8,607 8,648 8,398 7,325 7,147
Total Liabilities 14,909 13,487 15,468 18,933 20,086 20,086 20,802 24,346 23,587 25,858 26,869 27,737 26,902
8,906 8,637 9,414 10,753 10,706 11,007 11,359 13,280 12,644 12,787 13,551 15,356 15,115
CWIP 482 518 651 549 592 468 189 350 333 409 774 835 938
Investments 870 558 448 610 600 441 443 2,188 2,787 2,840 5,615 4,285 4,858
4,651 3,774 4,955 7,021 8,189 8,171 8,811 8,528 7,822 9,822 6,929 7,261 5,990
Total Assets 14,909 13,487 15,468 18,933 20,086 20,086 20,802 24,346 23,587 25,858 26,869 27,737 26,902

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
1,028 1,990 969 1,215 221 2,338 1,274 2,332 3,531 1,870 1,581 1,780
-623 -418 -1,144 -688 -177 -563 -663 -463 -985 2,714 -1,927 -2,285
-92 -1,403 361 -195 129 -1,865 -1,087 -1,802 -2,341 -2,089 -1,712 -129
Net Cash Flow 313 169 186 333 173 -91 -477 68 205 2,494 -2,058 -634

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 17% 14% 14% 16% 11% 3% 12% 12% 12% 19% 10% 8%
Debtor Days 47 43 45 61 85 74 73 88 74 46 51 56
Inventory Turnover 6.78 4.09 5.35 4.73 4.33 5.18 4.22 3.16 1.95 2.13 2.18 1.90

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
30.80 30.63 30.63 30.63 30.63 30.63 30.63 31.08 34.59 34.59 35.47 37.98
11.08 10.86 11.07 10.83 10.09 10.74 9.39 9.80 9.30 11.23 9.06 12.28
32.33 36.44 36.77 37.33 37.85 37.64 38.88 38.32 34.17 31.96 29.16 24.63
0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03
25.76 22.04 21.50 21.18 21.40 20.97 21.08 20.77 21.92 22.20 26.29 25.08

Documents

Add document