Tatva Chintan Pharma Chem Ltd
Tatva Chintan Pharma Chem Limited was incorporated in 1996 and it is a manufacturer of a diverse portfolio of structure Directing Agents, Phase Transfer Catalysts, electrolyte salts for batteries, and Pharmaceutical and Agrochemical Intermediates and other Speciality chemicals[1]
- Market Cap ₹ 2,828 Cr.
- Current Price ₹ 1,209
- High / Low ₹ 1,610 / 672
- Stock P/E 90.8
- Book Value ₹ 313
- Dividend Yield 0.08 %
- ROCE 0.26 %
- ROE 0.05 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 245%
Cons
- Stock is trading at 3.98 times its book value
- The company has delivered a poor sales growth of 7.62% over past five years.
- Company has a low return on equity of 4.03% over last 3 years.
- Promoter holding has decreased over last 3 years: -7.15%
* 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
Commodities Chemicals Chemicals & Petrochemicals Specialty Chemicals
Part of BSE Allcap BSE Commodities
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 131 | 203 | 254 | 291 | 428 | 403 | 379 | 366 | 471 | |
| 110 | 170 | 201 | 226 | 322 | 348 | 312 | 340 | 401 | |
| Operating Profit | 22 | 33 | 53 | 65 | 106 | 55 | 67 | 26 | 71 |
| OPM % | 16% | 16% | 21% | 22% | 25% | 14% | 18% | 7% | 15% |
| 2 | 1 | 1 | 5 | 11 | 2 | 7 | 3 | 5 | |
| Interest | 3 | 4 | 4 | 4 | 5 | 9 | 7 | 1 | 2 |
| Depreciation | 3 | 4 | 5 | 7 | 8 | 10 | 26 | 28 | 34 |
| Profit before tax | 18 | 26 | 44 | 59 | 103 | 39 | 42 | 0 | 40 |
| Tax % | 38% | 24% | 21% | 13% | 7% | -4% | 31% | 28% | |
| 11 | 20 | 35 | 51 | 96 | 40 | 29 | 0 | 31 | |
| EPS in Rs | 13.74 | 25.13 | 43.51 | 25.57 | 43.31 | 18.26 | 12.55 | 0.14 | 13.31 |
| Dividend Payout % | 0% | 0% | 0% | 20% | 5% | 11% | 16% | 709% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 8% |
| 3 Years: | -5% |
| TTM: | 34% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -60% |
| 3 Years: | -84% |
| TTM: | 316% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -10% |
| 1 Year: | 73% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 10% |
| 3 Years: | 4% |
| Last Year: | 0% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 8 | 8 | 8 | 20 | 22 | 22 | 23 | 23 | 23 |
| Reserves | 51 | 72 | 106 | 142 | 447 | 483 | 702 | 698 | 710 |
| 56 | 77 | 91 | 90 | 120 | 170 | 14 | 36 | 83 | |
| 29 | 31 | 40 | 58 | 87 | 80 | 75 | 65 | 90 | |
| Total Liabilities | 145 | 187 | 245 | 310 | 676 | 755 | 815 | 823 | 906 |
| 57 | 67 | 111 | 120 | 160 | 196 | 427 | 529 | 515 | |
| CWIP | 10 | 6 | 5 | 10 | 51 | 231 | 77 | 24 | 80 |
| Investments | 1 | 1 | 1 | 1 | 1 | 1 | 11 | 1 | 1 |
| 76 | 114 | 129 | 179 | 464 | 327 | 301 | 269 | 310 | |
| Total Assets | 145 | 187 | 245 | 310 | 676 | 755 | 815 | 823 | 906 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| 25 | 19 | 20 | 24 | 103 | 24 | |||
| -40 | -21 | -197 | -101 | -121 | -65 | |||
| 10 | -5 | 235 | 38 | 31 | 17 | |||
| Net Cash Flow | -6 | -6 | 58 | -40 | 13 | -25 | ||
| Free Cash Flow | -24 | -2 | -69 | -179 | -26 | -52 | ||
| CFO/OP | 61% | 44% | 36% | 57% | 163% | 108% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 92 | 80 | 73 | 113 | 53 | 82 | 66 | 76 |
| Inventory Days | 134 | 98 | 165 | 168 | 299 | 249 | 313 | 228 |
| Days Payable | 132 | 70 | 88 | 116 | 82 | 52 | 96 | 60 |
| Cash Conversion Cycle | 94 | 109 | 150 | 166 | 269 | 278 | 282 | 244 |
| Working Capital Days | 16 | 46 | 45 | 73 | 72 | 22 | 154 | 139 |
| ROCE % | 22% | 27% | 28% | 26% | 8% | 7% | 0% |
Insights
In beta| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Combined Assembly Lines Nos |
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| Combined Installed Reactor Capacity KL |
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| Quality Control and QA Employees Nos |
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| R&D Employees Nos |
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| Pharma & Agro Intermediates (PASC) Revenue INR Mn |
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| Phase Transfer Catalyst (PTC) Revenue INR Mn |
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| Structured Directing Agents (SDA) Revenue INR Mn |
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| R&D Expenditure (Percentage of Turnover) % |
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Documents
Announcements
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 6 Apr
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Closure of Trading Window
24 Mar - Trading window closed from 01 April 2026 until 48 hours after audited FY2025-26 results declaration.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
19 Mar - Of Schedule of Analyst / Institutional Investor Meeting under the SEBI (LODR) Regulations, 2015.
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Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
14 Mar - Government order limits industrial gas supply to 80%; pooled pricing introduced; company arranging alternative fuels; impact unquantified.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
14 Mar - Investor meeting with Emerge Capital on 18 March 2026 — virtual one-on-one.
Annual reports
Concalls
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Jan 2026Transcript PPT REC
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Oct 2021TranscriptPPT
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Sep 2021TranscriptPPT
Product Portfolio:
Tatva Chintan has a portfolio of 214 products divided into 4 categories: [1]
a) Pharmaceuticals & Agrochemicals Intermediates and other Specialty Chemicals (PASC):[2][3] PASC is used to produce intermediates, catalysts, and solvents for industries like pharmaceuticals, agrochemicals, and disinfectants. The company specializes in manufacturing Glymes, a solvent essential for API production. It is India's largest Glyme producer and ranks 3rd globally. [4] [5] [6]
b) Structure Directing Agents (SDA):
The company manufactures SDAs, a crucial raw material for producing high-precision zeolites, which find industrial uses as catalysts and adsorbents across automotive, petrochemicals and other industries. It is the 2nd largest manufacturer of SDAs for Zeolites globally and the largest commercial supplier in India.[7] [6]
c) Phase Transfer Catalyst (PTC):
The company is India’s leading producer of PTC. PTCs play a key role in heterogeneous multiphase systems by aiding reactant migration. They are utilized in pharmaceutical APIs, agrochemicals, flavors and fragrances, and environmental control processes.[7][6]
d) Electrolyte Salts & Others:
Electrolyte Salts are used to manufacture supercapacitor batteries. The company is India’s largest producer of electrolyte salts and solutions for supercapacitor batteries. It also manufactures Brominated Flame Retardants, essential in the construction, electronics, and automotive industries. [8]