Thirumalai Chemicals Ltd

Thirumalai Chemicals Ltd

₹ 234 -1.89%
28 Mar - close price
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]

  • Market Cap 2,394 Cr.
  • Current Price 234
  • High / Low 269 / 171
  • Stock P/E 39.4
  • Book Value 98.3
  • Dividend Yield 0.64 %
  • ROCE 16.7 %
  • ROE 13.0 %
  • Face Value 1.00

Pros

Cons

  • Earnings include an other income of Rs.54.0 Cr.

* 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 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
244.92 281.85 289.09 351.50 382.14 415.36 481.68 491.89 454.39 419.31 468.34 551.17 471.70
186.87 191.37 226.49 308.17 321.39 343.20 422.62 439.30 420.02 390.53 427.22 531.95 459.98
Operating Profit 58.05 90.48 62.60 43.33 60.75 72.16 59.06 52.59 34.37 28.78 41.12 19.22 11.72
OPM % 23.70% 32.10% 21.65% 12.33% 15.90% 17.37% 12.26% 10.69% 7.56% 6.86% 8.78% 3.49% 2.48%
2.40 2.28 2.48 5.24 3.84 4.35 5.26 8.99 7.60 23.31 7.52 18.66 4.50
Interest 4.46 5.28 4.01 4.65 4.11 5.41 5.35 6.12 10.61 11.54 12.90 12.82 9.04
Depreciation 6.44 6.13 6.89 8.49 7.60 9.00 6.87 7.27 7.68 8.21 8.58 8.81 8.32
Profit before tax 49.55 81.35 54.18 35.43 52.88 62.10 52.10 48.19 23.68 32.34 27.16 16.25 -1.14
Tax % 36.57% 12.89% 24.99% 27.12% 25.36% 25.31% 25.32% 25.23% 25.68% 16.54% 25.33% 18.83% 133.33%
31.43 70.86 40.64 25.82 39.47 46.38 38.91 36.03 17.60 26.99 20.28 13.19 0.38
EPS in Rs 3.07 6.92 3.97 2.52 3.85 4.53 3.80 3.52 1.72 2.64 1.98 1.29 0.04
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
906 1,145 1,034 923 777 857 1,012 994 865 857 1,438 1,847 1,911
840 1,044 988 879 692 725 783 840 791 668 1,198 1,672 1,810
Operating Profit 66 101 45 44 84 133 229 155 74 190 240 176 101
OPM % 7% 9% 4% 5% 11% 15% 23% 16% 9% 22% 17% 10% 5%
6 8 16 16 12 8 10 14 22 9 15 44 54
Interest 52 52 45 33 21 15 11 11 16 19 18 34 46
Depreciation 14 13 12 7 11 14 10 15 21 25 32 30 34
Profit before tax 6 44 3 20 64 112 218 143 60 154 205 156 75
Tax % 18% 37% -3% 27% 33% 34% 34% 33% 31% 24% 26% 24%
5 28 4 14 43 74 144 96 41 118 152 120 61
EPS in Rs 0.47 2.71 0.35 1.39 4.17 7.24 14.06 9.38 3.99 11.49 14.88 11.67 5.95
Dividend Payout % 0% 28% 0% 29% 24% 26% 14% 21% 0% 19% 17% 13%
Compounded Sales Growth
10 Years: 5%
5 Years: 13%
3 Years: 29%
TTM: 4%
Compounded Profit Growth
10 Years: 16%
5 Years: -4%
3 Years: 44%
TTM: -56%
Stock Price CAGR
10 Years: 39%
5 Years: 22%
3 Years: 39%
1 Year: 34%
Return on Equity
10 Years: 17%
5 Years: 15%
3 Years: 17%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 10 10 10 10 10 10 10 10 10 10 10 10 10
Reserves 106 128 132 141 174 357 504 572 545 714 858 952 997
223 251 162 83 28 0 0 50 139 125 105 332 224
309 277 290 183 178 285 142 291 294 269 517 569 506
Total Liabilities 648 666 594 417 390 652 656 923 988 1,119 1,490 1,864 1,737
100 92 77 74 79 146 147 171 329 317 416 411 413
CWIP 3 1 3 0 6 9 39 159 71 108 6 12 3
Investments 33 33 33 32 32 79 173 219 119 210 418 538 772
512 541 481 310 273 417 298 374 470 483 650 903 549
Total Assets 648 666 594 417 390 652 656 923 988 1,119 1,490 1,864 1,737

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
84 21 127 106 114 97 79 161 119 181 268 17
-64 6 20 -1 -21 -42 -35 -165 -24 -143 -217 -297
-15 -31 -139 -112 -94 -43 -34 14 47 -36 -69 166
Net Cash Flow 5 -5 8 -8 -0 12 10 9 142 2 -17 -114

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 103 81 67 54 52 48 26 29 27 21 24 18
Inventory Days 71 75 80 34 38 83 69 95 76 77 79 83
Days Payable 136 92 61 33 92 144 43 121 126 123 147 130
Cash Conversion Cycle 38 63 86 55 -2 -13 51 3 -22 -25 -44 -28
Working Capital Days 40 58 40 25 17 13 36 7 -1 -8 -21 50
ROCE % 19% 26% 13% 19% 38% 44% 52% 27% 11% 22% 24% 17%

Shareholding Pattern

Numbers in percentages

3 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
41.90% 41.90% 41.90% 41.98% 41.98% 41.98% 41.98% 42.01% 42.07% 42.16% 42.17% 41.98%
0.27% 0.34% 2.06% 1.89% 1.29% 2.67% 2.50% 1.99% 2.14% 1.81% 1.86% 1.88%
0.01% 0.02% 0.02% 0.02% 0.02% 0.02% 0.01% 0.01% 0.01% 0.10% 0.16% 0.17%
0.70% 0.70% 0.70% 0.70% 0.70% 0.70% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
57.13% 57.05% 55.33% 55.42% 56.01% 54.64% 55.50% 55.99% 55.78% 55.93% 55.81% 55.98%
No. of Shareholders 53,56863,16670,59679,55681,61878,18682,26181,99780,13778,53077,68576,903

* 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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