Thirumalai Chemicals Ltd

₹ 225 1.69%
05 Aug - 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 2,308 Cr.
  • Current Price 225
  • High / Low 357 / 157
  • Stock P/E 8.36
  • Book Value 106
  • Dividend Yield 1.11 %
  • ROCE 35.4 %
  • ROE 29.8 %
  • Face Value 1.00

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 32.0% CAGR over last 5 years

Cons

* 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

Consolidated Figures in Rs. Crores / View Standalone

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
290 269 245 281 113 268 318 387 397 477 541 583 621
261 246 230 270 127 225 244 270 295 394 425 444 525
Operating Profit 29 23 14 11 -13 43 73 117 102 83 116 138 97
OPM % 10% 9% 6% 4% -12% 16% 23% 30% 26% 17% 21% 24% 16%
2 7 2 10 4 1 2 2 2 4 3 3 3
Interest 3 4 5 5 5 5 5 6 4 5 5 6 6
Depreciation 9 11 12 12 12 12 13 12 13 15 14 15 13
Profit before tax 19 15 0 4 -27 26 57 101 87 68 100 120 81
Tax % 37% 35% 779% 31% 26% 37% 36% 16% 25% 25% 25% 25% 26%
Net Profit 12 10 -1 2 -20 17 37 85 65 51 75 90 60
EPS in Rs 1.18 0.97 -0.13 0.24 -1.96 1.61 3.57 8.27 6.36 4.94 7.37 8.80 5.86

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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 1,052 1,369 1,275 1,070 940 1,028 1,312 1,261 1,085 1,086 1,998 2,222
701 980 1,234 1,192 1,032 842 871 1,022 1,055 1,007 865 1,557 1,788
Operating Profit 64 72 135 83 38 98 158 290 206 78 221 441 434
OPM % 8% 7% 10% 7% 4% 10% 15% 22% 16% 7% 20% 22% 20%
7 5 5 3 8 5 4 7 12 21 7 12 14
Interest 31 53 52 49 35 23 17 13 12 17 21 20 22
Depreciation 15 23 23 23 18 25 36 31 36 44 50 57 56
Profit before tax 25 2 64 15 -7 55 109 253 169 38 157 375 370
Tax % 31% 54% 32% 20% -102% 41% 35% 33% 33% 39% 25% 25%
Net Profit 18 1 44 12 -14 32 71 170 114 23 118 281 276
EPS in Rs 1.75 0.09 4.28 1.16 -1.34 3.14 6.90 16.64 11.09 2.26 11.49 27.47 26.97
Dividend Payout % 0% 0% 18% 0% -30% 51% 27% 12% 18% 0% 19% 9%
Compounded Sales Growth
10 Years: 7%
5 Years: 14%
3 Years: 17%
TTM: 62%
Compounded Profit Growth
10 Years: 77%
5 Years: 32%
3 Years: 35%
TTM: 36%
Stock Price CAGR
10 Years: 37%
5 Years: 14%
3 Years: 54%
1 Year: 11%
Return on Equity
10 Years: 19%
5 Years: 21%
3 Years: 18%
Last Year: 30%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
10 10 10 10 10 10 10 10 10 10 10 10
Reserves 110 144 189 205 183 208 388 563 658 628 793 1,075
183 276 305 222 142 91 62 50 103 197 183 165
303 326 289 321 212 211 327 202 370 365 358 612
Total Liabilities 606 756 793 757 547 520 786 825 1,141 1,200 1,343 1,862
242 257 249 230 243 256 317 310 383 550 513 596
CWIP 3 3 1 18 7 18 9 44 159 82 126 64
Investments 5 5 5 5 5 5 77 104 150 49 136 180
355 491 538 503 291 241 383 367 449 519 569 1,022
Total Assets 606 756 793 757 547 520 786 825 1,141 1,200 1,343 1,862

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
99 -14 19 133 154 126 108 81 234 140 221 402
-130 -13 -0 -15 -19 -32 -44 -54 -221 -36 -159 -134
29 38 -26 -116 -142 -93 -52 -16 16 46 -38 -70
Net Cash Flow -2 11 -7 3 -8 0 12 10 29 150 24 198

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 89 75 66 52 50 49 33 33 30 29 29
Inventory Days 68 70 67 74 42 38 82 59 84 69 74 74
Days Payable 37 10 34 59 38 92 139 53 119 123 129 141
Cash Conversion Cycle 122 148 109 82 56 -3 -8 39 -2 -24 -26 -39
Working Capital Days 31 35 53 42 19 1 2 37 4 -5 -11 -18
ROCE % 15% 25% 14% 7% 24% 33% 49% 26% 7% 20% 35%

Shareholding Pattern

Numbers in percentages

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
41.63 41.58 41.86 41.86 41.86 41.86 41.90 41.90 41.90 41.98 41.98 41.98
1.85 1.70 0.94 0.00 0.00 0.11 0.27 0.34 2.06 1.89 1.29 2.67
0.32 0.16 0.12 0.16 0.02 0.02 0.01 0.02 0.02 0.02 0.02 0.02
0.00 0.00 0.00 0.00 0.57 0.57 0.70 0.70 0.70 0.70 0.70 0.70
56.21 56.55 57.08 57.98 57.55 57.44 57.13 57.05 55.33 55.42 56.01 54.64

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