Thirumalai Chemicals Ltd

About

Thirumalai Chemicals is engaged in the Business of Phthalic Anhydride,Food ingredients and fine products,Fine and personal care ingredients.

  • Market Cap 2,908 Cr.
  • Current Price 284
  • High / Low 305 / 68.8
  • Stock P/E 14.3
  • Book Value 78.4
  • Dividend Yield 0.77 %
  • ROCE 19.6 %
  • ROE 16.3 %
  • Face Value 1.00

Pros

  • Company is expected to give good quarter

Cons

  • The company has delivered a poor sales growth of 2.92% over past five years.
  • Company has a low return on equity of 12.72% for last 3 years.
  • Dividend payout has been low at 12.39% of profits over last 3 years

Peer comparison

Sector: Chemicals Industry: Chemicals

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
363 324 316 290 269 245 281 113 268 318 387 397
275 297 279 261 246 230 270 127 225 244 270 295
Operating Profit 88 26 37 29 23 14 11 -13 43 73 117 102
OPM % 24% 8% 12% 10% 9% 6% 4% -12% 16% 23% 30% 26%
Other Income 4 2 1 2 7 2 10 4 1 2 2 2
Interest 2 4 4 3 4 5 5 5 5 5 6 4
Depreciation 9 8 9 9 11 12 12 12 12 13 12 13
Profit before tax 80 16 24 19 15 0 4 -27 26 57 101 87
Tax % 34% 30% 27% 37% 35% 779% 31% 26% 37% 36% 16% 25%
Net Profit 53 11 18 12 10 -1 2 -20 17 37 85 65
EPS in Rs 5.19 1.12 1.73 1.18 0.97 -0.13 0.24 -1.96 1.61 3.57 8.27 6.36

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 TTM
764 1,052 1,369 1,275 1,070 940 1,028 1,312 1,261 1,085 1,086 1,369
701 980 1,234 1,192 1,032 842 871 1,022 1,055 1,007 865 1,034
Operating Profit 64 72 135 83 38 98 158 290 206 78 221 335
OPM % 8% 7% 10% 7% 4% 10% 15% 22% 16% 7% 20% 24%
Other Income 7 5 5 3 8 5 4 7 12 21 7 6
Interest 31 53 52 49 35 23 17 13 12 17 21 20
Depreciation 15 23 23 23 18 25 36 31 36 44 50 50
Profit before tax 25 2 64 15 -7 55 109 253 169 38 157 271
Tax % 31% 54% 32% 20% -102% 41% 35% 33% 33% 39% 25%
Net Profit 18 1 44 12 -14 32 71 170 114 23 118 203
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 19.81
Dividend Payout % 0% 0% 18% 0% -30% 51% 27% 12% 18% 0% 19%
Compounded Sales Growth
10 Years:4%
5 Years:3%
3 Years:-6%
TTM:51%
Compounded Profit Growth
10 Years:21%
5 Years:30%
3 Years:-12%
TTM:2349%
Stock Price CAGR
10 Years:44%
5 Years:38%
3 Years:29%
1 Year:301%
Return on Equity
10 Years:15%
5 Years:18%
3 Years:13%
Last Year:16%

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
10 10 10 10 10 10 10 10 10 10 10
Reserves 110 144 189 205 183 208 388 563 658 628 793
Borrowings 183 276 305 222 142 91 62 50 103 197 183
303 326 289 321 212 211 327 202 370 365 358
Total Liabilities 606 756 793 757 547 520 786 825 1,141 1,200 1,343
242 257 249 230 243 256 317 310 383 550 513
CWIP 3 3 1 18 7 18 9 44 159 82 126
Investments 5 5 5 5 5 5 77 104 150 49 136
355 491 538 503 291 241 383 367 449 519 569
Total Assets 606 756 793 757 547 520 786 825 1,141 1,200 1,343

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
99 -14 19 133 154 126 108 81 234 140 221
-130 -13 -0 -15 -19 -32 -44 -54 -221 -36 -159
29 38 -26 -116 -142 -93 -52 -16 16 46 -38
Net Cash Flow -2 11 -7 3 -8 0 12 10 29 150 24

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
Debtor Days 91 89 75 66 52 50 49 33 33 30 29
Inventory Days 68 70 67 74 42 38 82 59 84 69 74
Days Payable 37 10 34 59 38 92 139 53 119 123 129
Cash Conversion Cycle 122 148 109 82 56 -3 -8 39 -2 -24 -26
Working Capital Days 31 48 63 50 27 11 13 37 11 -1 -11
ROCE % 15% 25% 14% 7% 24% 33% 49% 26% 7% 20%

Shareholding Pattern

Numbers in percentages

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
41.52 41.52 41.62 41.63 41.63 41.58 41.86 41.86 41.86 41.86 41.90 41.90
4.24 3.03 2.32 2.14 1.85 1.70 0.94 0.00 0.00 0.11 0.27 0.34
0.24 0.45 0.31 0.40 0.32 0.16 0.12 0.16 0.02 0.02 0.01 0.02
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.57 0.57 0.70 0.70
54.00 55.00 55.74 55.84 56.21 56.55 57.08 57.98 57.55 57.44 57.13 57.05

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