Skip to main content
Swing Capital

Thirumalai Chemicals Ltd

NSE: TIRUMALCHM BSE: 500412

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]

₹198
52W: ₹158 — ₹329
PE 0 · Book ₹126 · +57% vs book
Market Cap₹2,390 Cr
Stock P/E—Price to Earnings
ROCE10.5%Return on Capital
ROE7.75%Return on Equity
Div. Yield0%Face Value ₹1

Weaknesses

  • −Company has low interest coverage ratio.
  • −Company has a low return on equity of 8.07% over last 3 years.
  • −Contingent liabilities of Rs.1,234 Cr.
  • −Earnings include an other income of Rs.45.6 Cr.
  • −Dividend payout has been low at 13.7% of profits over last 3 years
  • −Debtor days have increased from 29.4 to 39.7 days.
  • −Promoter holding has decreased over last 3 years: -4.94%

Shareholding Pattern

Promoters37.13%
FIIs2.06%
DIIs9.93%
Public50.86%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters41.95%41.92%▼0.041.92%41.89%▼0.041.87%▼0.036.13%▼5.737.13%▲1.037.13%
FIIs2.5%2.86%▲0.42.77%▼0.11.97%▼0.81.88%▼0.12.15%▲0.31.97%▼0.22.06%▲0.1
DIIs1.29%1.3%▲0.01.27%▼0.01.12%▼0.11.05%▼0.19.32%▲8.39.47%▲0.29.93%▲0.5
Public54.25%53.9%▼0.454.04%▲0.155.02%▲1.055.2%▲0.252.39%▼2.851.43%▼1.050.86%▼0.6

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales551472496534542498578446357300
Expenses532460480483498494526446360315
Operating Profit19121651445520-3-15
OPM %3%2%3%9%8%1%9%0%-1%-5%
Net Profit13022825-838-14-13-27
EPS ₹1.290.040.242.752.44-0.833.66-1.35-1.12-2.27

AI Insights

Revenue Trend

TTM revenue at ₹1,681Cr, down 21.9% YoY. OPM at 2%.

Debt Position

Borrowings at ₹755Cr. Debt-to-equity ratio: 0.50x. Moderate leverage.

Capex Cycle

CWIP at ₹11Cr (3% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 9.93% (+9.83pp change). FIIs: 2.06% (+0.25pp change). Promoters hold 37.13%.

Margin & Efficiency

ROCE declining from 13% (Mar 2014) to 11% (Mar 2025). Working capital days: -1.

Recent Announcements