X

Thirumalai Chemicals Ltd. Stock Analysis

Small Cap
Evaluated by 1043 users | BSE: 500412 | NSE: TIRUMALCHM |
Chemicals
Thirumalai Chemicals Limited was incorporated in 1972 as a public limited company and commenced commercial production in 1976. It was established to manufacture PAN with an initial installed capacity of 7500 mts per annum based on the technology supplied by Ch.F.Von Heyden and Davy Power Gas...

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 14.27%12.59%17.47%8.66%12.07%25.05%29.53%34.48%17.92%7.22%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 7649081,1481,0359267808571,012994865
Y-o-Y Gr. Rt.-18.8%26.4%-9.8%-10.5%-15.7%9.8%18%-1.7%-13%
Adjusted EPS (Rs.) 1.890.272.69-0.041.064.027.3514.099.33.61
Y-o-Y Gr. Rt.--85.7%896.3%-101.5%NA279.3%82.8%91.7%-34%-61.2%
Book Value per Share (Rs.) 10.2911.3813.4713.9114.7517.9635.8350.2456.8354.24
Adjusted Net Profit 19.42.827.6-0.510.941.275.314495.237
Net Op. Cash Flow (Rs. Cr.) 68.784.320.712710611496.578.5161119
Debt to Cash Flow from Ops 2.662.6412.341.480.780.25000.311.16
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Thirumalai Chemicals Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 1.4%-1.3%0.3%-13%
Adjusted EPS 7.5%27.8%-21.1%-61.2%
Book Value per Share 20.329.814.8-4.6
Share Price 37% 34.6% -21.2% 56.4%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 20.142.5321.68-0.327.4124.627.3432.7417.376.5
Operating Profit Margin (%) 8.747.318.84.374.7310.7815.6622.7115.568.66
Net Profit Margin (%) 2.530.312.4-0.041.175.288.7814.269.584.27
Debt to Equity 1.731.911.851.320.550.15000.090.25
Working Capital Days 163166147158137120125125122132
Cash Conversion Cycle 111111100875824-13317-7
Entity Percentage Holding
Promoters 41.86%
Institutions 0.59%
Non-Institutions 57.55%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Thirumalai Chemicals Ltd.'s performance infers:

Thirumalai Chemicals Ltd. earnings have grown by 27.8%, whereas share price has appreciated 34.6% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Thirumalai Chemicals Ltd. share prices over the last 10 years. Here is what we found out:

Thirumalai Chemicals Ltd. share price has appreciated 23.2% annually over the past ten years.

Thirumalai Chemicals Limited was incorporated in 1972 as a public limited company and commenced commercial production in 1976. It was established to manufacture PAN with an initial installed capacity of 7500 mts per annum based on the technology supplied by Ch.F.Von Heyden and Davy Power Gas Germany.

Thirumalai Chemicals is a publicly owned company with shares traded in the stock market in India. TCL manufactures and markets organic acids, anhydrides and derivatives for a variety of

Thirumalai Chemicals Limited was incorporated in 1972 as a public limited company and commenced commercial production in 1976. It was established to manufacture PAN with an initial installed capacity of 7500 mts per annum based on the technology supplied by Ch.F.Von Heyden and Davy Power Gas Germany.

Thirumalai Chemicals is a publicly owned company with shares traded in the stock market in India. TCL manufactures and markets organic acids, anhydrides and derivatives for a variety of global industries including plastics, resins, paints, and coatings, agro chemicals, food, pharmaceuticals, textiles, personal care, paper, etc.

The company's first plant to manufacture Phthalic Anhydride was set up in 1973 at Ranipet 100 km from Chennai in South India. Since then, it has grown into a highly profitable enterprise, rapidly expanding into the manufacture of Maleic Anhydride, Fumaric Acid and Malic Acid and various organic acids and derivatives. In 1994 TCL set up TCL Industries (Malaysia) Sdn. Bhd., a joint venture project in Malaysia to produce Maleic Anhydride. The plant is located at Kemaman in Terengganu State of Malaysia.

After the commissioning of the ambitious expansion projects at Ranipet in 1996 and the commissioning of n-Butane conversion Project in Malaysia in 2008, TCL ranks among the largest producers in the world of Phthalic Anhydride, Maleic Anhydride, Fumaric Acid and Malic Acid.

TCL has well planned and widespread infrastructure with regional offices in major cities of India. TCL's international marketing strategy aims at direct relationship with end users to provide efficient service to the customers. It is supported by local specialized agents around the world.

Product range of the company includes:

  • Phthalic Anhydride
  • Maleic Anhydride
  • Fumaric acid
  • Malic Acid
  • L(+) Tartaric Acid
  • Maleic Acid
  • Succinic Acid
  • Succinic Anhydride
  • Phthalimide
  • Diethyl Phthalate (DEP)

Achievements/ recognition

  • Recognised as an Export House by the Government of India
  • Won the Export Award for Meritorious Export Performance 1n 1993-'94
  • Received the Certificate of Merit for outstanding export performance during 1994-'95
  • Has pioneered the concept of low energy and zero power in India
  • Has the first and only food acidulants plant designed and developed completely in-house, ranking among the top in the world.
  • Has an in-house R&D unit recognised by the Govt. of India, Ministry of Science & Technology since 1993.
  • Has modern biological effluent treatment plant to ensure nil pollution from the entire complex.
  • Received ISO -9002 in 1994 for its quality management system - the first company in the world in this line of business, to get the honour. Upgraded and got recertified to ISO 9001:2000.
  • Thirumalai Chemicals has made environmental initiatives an integral part of the company culture and received ISO 14001 accreditation,in 2000.
  • TCL follows Good Manufacturing Practices (GMP) in Food acid manufacturing and has received HACCP certification
  • TCL is working towards acquiring TPM excellence award from JIPM
  • Became a Zero discharge organisation in August 2006
  • Received Frost & Sullivan Gold Award 2006
  • Received National Award for excellence in water management 2007
  • Received ICC Aditya Birla Award as the Best Responsible Care Committed Company for 2007
  • Received CII's National Award for Excellence in Energy Management 2008
  • ISO-9000 ( for Quality Systems), and ISO-14000(for excellence in Environmental, Safety and Health systems).
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

Callback