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Tirupati Starch & Chemicals Ltd (524582)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 524582 NSE: Consumer Food | Small Cap | Tirupati Starch&Chem Share Price

₹127.50 -0.55 (-0.43%)

As on 04-Jun'26 16:59

Tirupati Starch & Chemicals Ltd (524582)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 524582 NSE: Consumer Food | Small Cap | Tirupati Starch&Chem Share Price

₹127.50 -0.55 (-0.43%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹122 Cr.
Current Price
₹127.5
52-Week Low / High
₹115 / 219
TTM EPS
₹6.9
TTM Sales
₹363 Cr.
Book Value per Share
₹70
P/E Ratio
18.58
Higher than its 5-year historical median
Industry PE
55.5
Price to Book (P/B)
1.82
In line with its 5-year historical median
Price to Sales (P/S)
0.34
Higher than its 5-year historical median
EV/EBITDA
8.41
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
13.19%
Outperforms industry median
Return on Capital Employed (ROCE)
10.35%
Underperforms industry median
Return on Assets (ROA)
3.30%
Operating Profit Margin
6.4%
Net Profit Margin
1.95%
Gross Profit Margin
4.7%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
26.17%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
20.74%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
264.25%
Asset Quality
Promoter Holding
72.88%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹58 Cr.
Equity
₹9.6 Cr.
Face Value
₹10
All Time Low / High
₹0.60 / 263.85

Tirupati Starch & Chemicals stock performance

Key Ratios
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Check Before You Invest

Valuation

Fair

Price Trend

Weak
Q.1 Is Tirupati Starch & Chemicals Ltd a good quality company?
Tirupati Starch & Chemicals Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Tirupati Starch & Chemicals Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Tirupati Starch & Chemicals Ltd vs industry peers?
Tirupati Starch & Chemicals Ltd revenue CAGR is 7.29%, compared to the industry median CAGR of 7.03%, indicating stable growth and maintaining its market share.
Q.1 Promoter shareholding and pledge status of Tirupati Starch & Chemicals Ltd?
Promoters hold 72.88% of the Tirupati Starch & Chemicals Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Tirupati Starch & Chemicals Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 21.6% based on the current price.

10 Year X-Ray :

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.
Tirupati Starch & Chemicals Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 2.7%7.8%12%15.2%8.9%6.6%15.7%12.9%7.7%10.4%-
Value Creation
Index
-0.8-0.4-0.10.1-0.4-0.50.1-0.1-0.5-0.3-

Growth Parameters

Sales 158175199227272200318364306386363
Sales YoY Gr.-10.5%14%14.2%19.5%-26.4%59.1%14.5%-16%26.2%-
Adj EPS -2.60.92.65.21.71.411.88.12.27.96.9
YoY Gr.-NA204.7%97%-68%-14.6%736.9%-31.2%-73.4%263.9%-
BVPS (₹) 1721.428.73435.939.751.556.955.863.370
Adj Net
Profit
-1.60.51.63.1118.36.62.17.57
Cash Flow from Ops. -4.513.732.95.311.6-34.6-0.823.3-34.248.9-
Debt/CF from Ops. -11.83.60.84.41.9-1.6-99.83.9-4.52.8-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 10.4%7.3%6.7%26.2%
Adj EPS NA36.6%-12.7%263.9%
BVPS15.7%12.1%7.2%13.5%
Share Price 17.3% 21.1% 18.6% -24.5%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-12.34.210.516.54.7425.9164.213.210.3
Op. Profit
Mgn %
3.42.34.94.834.66.15.86.76.46.9
Net Profit
Mgn %
-10.30.81.40.40.52.61.80.721.8
Debt to
Equity
4.53.81.51.1122.122.92.20.8
Working Cap
Days
72827088901107770989240
Cash Conv.
Cycle
6151517-17-3717265965-4

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales158175199227272200318364306386
Operating Expenses + 153171189216264191299343286361
Manufacturing Costs26273336323350554447
Material Costs114130143167218143222260214285
Employee Cost 56566712141313
Other Costs 88878815141416
Operating Profit 5410118919212025
Operating Profit Margin (%) 3.4%2.3%4.9%4.8%3.0%4.6%6.1%5.8%6.7%6.4%
Other Income + 1511102104
Exceptional Items 0100000000
Interest 654323681011
Depreciation 4555556688
Profit Before Tax -50242198310
Tax -3-101001113
Profit After Tax -2123118728
PAT Margin (%) -1.0%0.7%0.9%1.4%0.4%0.5%2.6%1.8%0.7%2.0%
Adjusted EPS (₹)-2.51.92.95.31.91.511.88.12.27.9
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Tirupati Starch&Chem - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 12131721222836465461
Share Capital 866667781010
Reserves 471115162129384451
Debt +4744212221537583138118
Long Term Debt37381214145068649575
Short Term Debt10688747194243
Minority Interest0000000000
Trade Payables2821214592353422818
Others Liabilities 1828495151714182733
Total Liabilities 105105108138140133158169226230

Fixed Assets

Net Fixed Assets +59646560557161559398
Gross Block8191979797117113113158172
Accumulated Depreciation23273237414752586674
CWIP 400918716462740
Investments 0000001000
Inventories17151319291533144942
Trade Receivables19172138272430333439
Cash Equivalents 0011101820
Others Assets 6991110151613229
Total Assets 105105108138140133158169226230

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -41433512-35-123-3449
PBT -50242198310
Adjustment 1191177812141819
Changes in Working Capital -10519-53-44-203-5420
Tax Paid -0-0-0-10-0-2-1-1-0
Cash Flow From Investing Activity + -6-5-5-9-9-6-6-25-32-26
Capex -6-5-5-9-9-6-5-26-31-27
Net Investments 000000-11-11
Others 0000000000
Cash Flow From Financing Activity + 10-8-284-3417959-24
Net Proceeds from Shares 0000030450
Net Proceeds from Borrowing 150-25714010139-15
Interest Paid -7-5-4-3-2-3-5-8-9-9
Dividend Paid 0000000000
Others 2-42-1-10312240
Net Cash Flow -0-000-0-0-08-7-1

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-13.69.7611.6316.995.414.1325.916.014.1713.19
ROCE (%)2.697.781215.28.926.6115.6812.857.6710.35
Asset Turnover Ratio1.691.752.061.841.951.462.192.231.551.69
PAT to CFO Conversion(x)N/A1416.51.6712-35-0.133.29-176.13
Working Capital Days
Receivable Days30.3035.8031.5046.9043.7047.3031.5031.8040.2034.80
Inventory Days33.4032.3023.4025.3031.7040.1027.5023.3037.2043.10
Payable Days81.8068.3053.2072.40115.10162.2056.7038.8025.1016.80

Management X-Ray

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Tirupati Starch & Chemicals Ltd FAQs

The current trading price of Tirupati Starch&Chem on 04-Jun-2026 16:59 is ₹127.5.

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 03-Jun-2026 the market cap of Tirupati Starch&Chem stood at ₹122.3 Cr

The latest P/E ratio of Tirupati Starch&Chem as of 03-Jun-2026 is 18.58.

The latest P/B ratio of Tirupati Starch&Chem as of 03-Jun-2026 is 1.82.

The 52-week high of Tirupati Starch&Chem is ₹218.9 and the 52-week low is ₹115.4.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Tirupati Starch&Chem is ₹363 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Tirupati Starch & Chemicals Ltd is a below average quality company.

The key valuation ratios of Tirupati Starch & Chemicals Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

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

About Tirupati Starch & Chemicals Ltd

Tirupati Starch & Chemicals Ltd. is a public limited company incorporated on December 9, 1985 with Dr.Damodar Modi as Chairman and promoter of the company.

Tirupati Starch & Chemicals Ltd. is a producer of maize starch powder, maize gluten, maize grit yellow dextrine and white dextrine.

The Plant of the company is located at Village Sejwaya, Ghatabillod District Dhar in Madhya Pradesh. The company is a public limited company with Dr.Damodar Modi as Chairman and Managing Director, he is from Medical profession and has served as physician in Semiran Hospital of Iran during 1975 to 1983 on deputing from government of India.

Product range of the company includes:

  • Starch & its Bye Products
  • Dextrose Anhydrous IP
  • Dextrose Monohydrate
  • Liquid Dextrose
  • Glucose-D
  • Hydrol
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