Thirumalai Chemicals Ltd Stock Analysis

BSE: 500412 | NSE: TIRUMALCHM | Chemicals | Small Cap

BSE Share Price 09-Dec-2022 11:05
209.80 0.45 (0.21%)

DeciZen - Make an Informed Decision on Thirumalai Chemicals

Overall Rating

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Thirumalai Chemicals Price Chart

P/E Ratio (SA) :
13.33
Market Cap :
2,143.5 Cr.
52-wk low :
186.7
52-wk high :
318.9
Bole Toh?

1. Is Thirumalai Chemicals Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Thirumalai Chemicals Ltd is a good quality company.

2. Is Thirumalai Chemicals Ltd undervalued or overvalued?

The key valuation ratios of Thirumalai Chemicals Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Thirumalai Chemicals Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Thirumalai Chemicals Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Thirumalai Chemicals:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

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.
Thirumalai Chemicals Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 17.5%8.7%12.1%25.1%29.5%34.5%17.9%7.2%17%18.1%-
Value Creation Index 0.3-0.4-0.10.81.11.50.3-0.50.20.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,1481,0359267808571,0129948658571,4381,771
YoY Gr. Rt. %--9.8%-10.5%-15.7%9.8%18%-1.7%-13%-1%67.8%-
Adj EPS 2.7-01.147.414.19.33.611.514.815.7
YoY Gr. Rt. %--101.5%NA279.3%82.8%91.7%-34%-61.2%218.6%28.7%-
BVPS (₹) 13.513.914.81835.850.256.854.270.884.889.8
Adj Net Profit 27.6-0.510.941.275.314495.237118151161
Cash Flow from Ops. 20.712710611496.578.5161119181268-
Debt/CF from Ops. 12.31.50.80.3000.31.20.70.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 2.5%10.9%13.1%67.8%
Adj EPS 20.9%15%16.8%28.7%
BVPS 22.718.814.319.8
Share Price 33.3% -0.6% 51.9% -10.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 21.7-0.37.424.627.332.717.46.518.41918
Op. Profit Mgn % 8.84.44.710.815.722.715.68.722.216.713.8
Net Profit Mgn % 2.4-01.25.38.814.39.64.313.710.59.1
Debt to Equity 1.91.30.60.2000.10.30.20.10.1
Working Cap Days 14715813712012512512213210981141
Cash Conv. Cycle 100875824-13317-7-34-2532

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 18.00%

Sales growth is growing at healthy rate in last 3 years 13.09%

Net Profit is growing at healthy rate in last 3 years 16.75%

Sales growth is good in last 4 quarters at 52.49%

No data to display

Latest Financials - Thirumalai Chemicals Ltd.

Standalone Consolidated
TTM EPS (₹) 15.7 25.4
TTM Sales (₹ Cr.) 1,771 2,317
BVPS (₹.) 89.8 116.3
Reserves (₹ Cr.) 910 1,180
P/BV 2.33 1.80
PE 13.33 8.25
From the Market
52 Week Low / High (₹) 186.70 / 318.90
All Time Low / High (₹) 2.08 / 357.25
Market Cap (₹ Cr.) 2,144
Equity (₹ Cr.) 10.2
Face Value (₹) 1
Industry PE 33.9

Management X-Ray of Thirumalai Chemicals :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Thirumalai Chemicals

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Thirumalai Chemicals Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Thirumalai Chemicals on 09-Dec-2022 11:05 is : 209.8.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 09-Dec-2022 11:05 the market cap of Thirumalai Chemicals stood at ₹ 2,143.5.
The latest PE ratio of Thirumalai Chemicals as of 09-Dec-2022 11:05 is 13.33.
The latest PB ratio of Thirumalai Chemicals as of 09-Dec-2022 11:05 is 2.33
The 52-week high of Thirumalai Chemicals is ₹ 318.9 and the 52-week low is ₹ 186.7.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Thirumalai Chemicals is ₹ 1,771 ( Cr.) .

About Thirumalai Chemicals Ltd

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).
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