Thirumalai Chemicals Ltd

₹ 273 -0.71%

19 Apr - 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 ₹ 2,791 Cr.
Current Price ₹ 273
High / Low ₹ 290 / 176
Stock P/E
Book Value ₹ 118
Dividend Yield 0.55 %
ROCE 10.9 %
ROE 7.88 %
Face Value ₹ 1.00

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Pros

Debtor days have improved from 25.1 to 17.4 days.

Cons

Company has low interest coverage ratio.
Earnings include an other income of Rs.26.6 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

Consolidated Figures in Rs. Crores / View Standalone

	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
	318	387	397	477	541	583	621	572	508	431	523	542	492
	244	270	295	394	425	444	525	511	479	432	485	527	498
Operating Profit	73	117	102	83	116	138	97	61	29	-1	38	15	-6
OPM %	23%	30%	26%	17%	21%	24%	16%	11%	6%	-0%	7%	3%	-1%
	2	2	2	4	3	3	3	6	11	11	5	6	4
Interest	5	6	4	5	5	6	6	7	11	7	10	10	12
Depreciation	13	12	13	15	14	15	13	13	14	16	16	16	15
Profit before tax	57	101	87	68	100	120	81	47	14	-13	17	-4	-29
Tax %	36%	16%	25%	25%	25%	25%	26%	27%	41%	-0%	37%	-47%	20%
	37	85	65	51	75	90	60	34	8	-13	11	-6	-23
EPS in Rs	3.57	8.27	6.36	4.94	7.37	8.80	5.86	3.35	0.81	-1.25	1.04	-0.59	-2.24
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	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
	1,052	1,369	1,275	1,070	940	1,028	1,312	1,261	1,085	1,086	1,998	2,132	1,988
	980	1,234	1,192	1,032	842	871	1,022	1,055	1,007	865	1,557	1,946	1,941
Operating Profit	72	135	83	38	98	158	290	206	78	221	441	186	47
OPM %	7%	10%	7%	4%	10%	15%	22%	16%	7%	20%	22%	9%	2%
	5	5	3	8	5	4	7	12	21	7	12	30	27
Interest	53	52	49	35	23	17	13	12	17	21	20	31	39
Depreciation	23	23	23	18	25	36	31	36	44	50	57	56	63
Profit before tax	2	64	15	-7	55	109	253	169	38	157	375	129	-29
Tax %	54%	32%	20%	-102%	41%	35%	33%	33%	39%	25%	25%	31%
	1	44	12	-14	32	71	170	114	23	118	281	90	-31
EPS in Rs	0.09	4.28	1.16	-1.34	3.14	6.90	16.64	11.09	2.26	11.49	27.47	8.77	-3.04
Dividend Payout %	0%	18%	0%	-30%	51%	27%	12%	18%	0%	19%	9%	17%

Compounded Sales Growth
10 Years:	5%
5 Years:	10%
3 Years:	25%
TTM:	-13%

Compounded Profit Growth
10 Years:	7%
5 Years:	-12%
3 Years:	59%
TTM:	-116%

Stock Price CAGR
10 Years:	40%
5 Years:	25%
3 Years:	46%
1 Year:	44%

Return on Equity
10 Years:	16%
5 Years:	15%
3 Years:	17%
Last Year:	8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	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	144	189	205	183	208	388	563	658	628	793	1,075	1,182	1,203
	276	305	222	142	91	62	50	103	197	183	165	514	987
	326	289	321	212	211	327	202	370	365	358	612	654	676
Total Liabilities	756	793	757	547	520	786	825	1,141	1,200	1,343	1,862	2,360	2,875
	257	249	230	243	256	317	310	383	550	513	596	671	670
CWIP	3	1	18	7	18	9	44	159	82	126	64	406	850
Investments	5	5	5	5	5	77	104	150	49	136	180	132	342
	491	538	503	291	241	383	367	449	519	569	1,022	1,150	1,014
Total Assets	756	793	757	547	520	786	825	1,141	1,200	1,343	1,862	2,360	2,875

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	-14	19	133	154	126	108	81	234	140	221	402	54
	-13	-0	-15	-19	-32	-44	-54	-221	-36	-159	-134	-335
	38	-26	-116	-142	-93	-52	-16	16	46	-38	-70	206
Net Cash Flow	11	-7	3	-8	0	12	10	29	150	24	198	-75

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	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	89	75	66	52	50	49	33	33	30	29	29	17
Inventory Days	70	67	74	42	38	82	59	84	69	74	74	76
Days Payable	117	83	59	38	92	139	53	119	123	129	141	118
Cash Conversion Cycle	42	60	82	56	-3	-8	39	-2	-24	-26	-39	-25
Working Capital Days	35	53	42	19	1	2	37	4	-5	-11	-18	-10
ROCE %	15%	25%	14%	7%	24%	33%	49%	26%	7%	20%	35%	11%

Shareholding Pattern

Numbers in percentages

3 Recently

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	41.90%	41.90%	41.98%	41.98%	41.98%	41.98%	42.01%	42.07%	42.16%	42.17%	41.98%	41.95%
	0.34%	2.06%	1.89%	1.29%	2.67%	2.50%	1.99%	2.14%	1.81%	1.86%	1.88%	2.16%
	0.02%	0.02%	0.02%	0.02%	0.02%	0.01%	0.01%	0.01%	0.10%	0.16%	0.17%	0.54%
	0.70%	0.70%	0.70%	0.70%	0.70%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	57.05%	55.33%	55.42%	56.01%	54.64%	55.50%	55.99%	55.78%	55.93%	55.81%	55.98%	55.34%
No. of Shareholders	63,166	70,596	79,556	81,618	78,186	82,261	81,997	80,137	78,530	77,685	76,903	70,817

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	41.46%	41.45%	41.62%	41.86%	41.90%	41.98%	42.07%	41.95%
	5.93%	6.85%	2.32%	0.94%	0.27%	1.29%	2.14%	2.16%
	0.35%	0.44%	0.31%	0.12%	0.01%	0.02%	0.01%	0.54%
	0.00%	0.00%	0.00%	0.00%	0.70%	0.70%	0.00%	0.00%
	52.26%	51.25%	55.74%	57.08%	57.13%	56.01%	55.78%	55.34%
No. of Shareholders	18,871	29,018	47,471	51,609	53,568	81,618	80,137	70,817

* 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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Thirumalai Chemicals Ltd

Thirumalai Chemicals Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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