Thirumalai Chemicals Ltd

₹ 176 -7.83%
27 Jan - close price
thirumalaichemicals.com BSE: 500412 NSE : TIRUMALCHM
About

Thirumalai Chemicals Ltd is a part of the Thirumalai Group, which has business interests in chemicals, surfactants, pigments and education. The Company’s principal activities are manufacturing and selling chemicals such as PAN, DEP etc. [1][2]

Key Points

Products
Phthalic anhydride (PA): It is a white crystalline compound used to manufacture plasticizers, pigments, dyes and resins.
Malic Acid and Fumaric Acid: It is an organic compound that is the active ingredient in many sour and tart foods. Fumaric Acid is an essential ingredient in plant life. It is used in the manufacture of medicines, drinks, food, animal feed, cleansing agents, unsaturated polyester, alkyd resins, and printing inks.
Diethyl phthalate (DEP): It is used to make plastics more flexible. Products include toothbrushes, perfumes, automobile parts, tools etc. [1]

Website BSE NSE
  • Market Cap ₹ 1,802 Cr.
  • Current Price ₹ 176
  • High / Low ₹ 319 / 172
  • Stock P/E 13.0
  • Book Value ₹ 89.8
  • Dividend Yield 1.42 %
  • ROCE 24.4 %
  • ROE 19.1 %
  • Face Value ₹ 1.00
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Pros

  • Company is expected to give good quarter

Cons

  • The company has delivered a poor sales growth of 10.9% over past five years.

* 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

Sector: Chemicals Industry: Chemicals

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
183 235 107 224 245 282 289 352 382 415 482 492 454
173 216 109 181 187 191 226 308 321 343 423 439 420
Operating Profit 10 19 -2 43 58 90 63 43 61 72 59 53 34
OPM % 5% 8% -2% 19% 24% 32% 22% 12% 16% 17% 12% 11% 8%
4 9 3 2 2 2 2 5 4 4 5 9 8
Interest 4 5 5 4 4 5 4 5 4 5 5 6 11
Depreciation 6 6 6 6 6 6 7 8 8 9 7 7 8
Profit before tax 3 17 -10 34 50 81 54 35 53 62 52 48 24
Tax % 57% 21% 32% 34% 37% 13% 25% 27% 25% 25% 25% 25% 26%
Net Profit 1 13 -7 22 31 71 41 26 39 46 39 36 18
EPS in Rs 0.13 1.30 -0.69 2.19 3.07 6.92 3.97 2.52 3.85 4.53 3.80 3.52 1.72
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
764 906 1,145 1,034 923 777 857 1,012 994 865 857 1,438 1,843
701 840 1,044 988 879 692 725 783 840 791 668 1,198 1,625
Operating Profit 64 66 101 45 44 84 133 229 155 74 190 240 218
OPM % 8% 7% 9% 4% 5% 11% 15% 23% 16% 9% 22% 17% 12%
7 6 8 16 16 12 8 10 14 22 9 15 26
Interest 31 52 52 45 33 21 15 11 11 16 19 18 27
Depreciation 13 14 13 12 7 11 14 10 15 21 25 32 31
Profit before tax 26 6 44 3 20 64 112 218 143 60 154 205 186
Tax % 30% 18% 37% -3% 27% 33% 34% 34% 33% 31% 24% 26%
Net Profit 19 5 28 4 14 43 74 144 96 41 118 152 139
EPS in Rs 1.81 0.47 2.71 0.35 1.39 4.17 7.24 14.06 9.38 3.99 11.49 14.88 13.57
Dividend Payout % 0% 0% 28% 0% 29% 24% 26% 14% 21% 0% 19% 17%
Compounded Sales Growth
10 Years: 5%
5 Years: 11%
3 Years: 13%
TTM: 41%
Compounded Profit Growth
10 Years: 41%
5 Years: 15%
3 Years: 17%
TTM: -21%
Stock Price CAGR
10 Years: 31%
5 Years: -4%
3 Years: 38%
1 Year: -32%
Return on Equity
10 Years: 18%
5 Years: 18%
3 Years: 15%
Last Year: 19%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
10 10 10 10 10 10 10 10 10 10 10 10 10
Reserves 95 106 128 132 141 174 357 504 572 545 714 858 910
183 223 251 162 83 28 0 0 50 139 125 105 126
234 309 277 290 183 178 285 142 291 294 269 517 595
Total Liabilities 522 648 666 594 417 390 652 656 923 988 1,119 1,490 1,641
100 100 92 77 74 79 146 147 171 329 317 416 403
CWIP 3 3 1 3 0 6 9 39 159 71 108 6 10
Investments 28 33 33 33 32 32 79 173 219 119 210 418 447
392 512 541 481 310 273 417 298 374 470 483 650 781
Total Assets 522 648 666 594 417 390 652 656 923 988 1,119 1,490 1,641

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
69 84 21 127 106 114 97 79 161 119 181 268
-23 -64 6 20 -1 -21 -42 -35 -165 -24 -143 -217
-48 -15 -31 -139 -112 -94 -43 -34 14 47 -36 -69
Net Cash Flow -3 5 -5 8 -8 -0 12 10 9 142 2 -17

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 91 103 81 67 54 52 48 26 29 27 21 24
Inventory Days 68 71 75 80 34 38 83 69 95 76 77 79
Days Payable 118 136 92 61 33 92 144 43 121 126 123 147
Cash Conversion Cycle 40 38 63 86 55 -2 -13 51 3 -22 -25 -44
Working Capital Days 34 40 58 40 25 17 13 36 7 -1 -8 -21
ROCE % 20% 19% 26% 13% 19% 38% 44% 52% 27% 11% 22% 24%

Shareholding Pattern

Numbers in percentages

3 recently
Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
41.86 41.86 41.86 41.86 41.90 41.90 41.90 41.98 41.98 41.98 41.98 42.01
0.94 0.00 0.00 0.11 0.27 0.34 2.06 1.89 1.29 2.67 2.50 1.99
0.12 0.16 0.02 0.02 0.01 0.02 0.02 0.02 0.02 0.02 0.01 0.01
0.00 0.00 0.57 0.57 0.70 0.70 0.70 0.70 0.70 0.70 0.00 0.00
57.08 57.98 57.55 57.44 57.13 57.05 55.33 55.42 56.01 54.64 55.50 55.99

* 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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