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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

₹134.65 -9.15 (-6.36%)

As on 22-Sep'26 12:35

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

₹134.65 -9.15 (-6.36%)

As on 22-Sep'26 12:35

Key Metrics
Valuation Multiples
Market Cap
₹138 Cr.
Current Price
₹134.7
52-Week Low / High
₹115 / 212
TTM EPS
₹5.9
TTM Sales
₹363 Cr.
Book Value per Share
₹70.8
P/E Ratio
24.24
Higher than its 5-year historical median
Industry PE
52
Price to Book (P/B)
2.03
In line with its 5-year historical median
Price to Sales (P/S)
0.38
Higher than its 5-year historical median
EV/EBITDA
9.55
In line with its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
10.09%
Underperforms industry median
Return on Capital Employed (ROCE)
10.19%
Underperforms industry median
Return on Assets (ROA)
2.93%
Operating Profit Margin
6.8%
Net Profit Margin
1.78%
Gross Profit Margin
4.8%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-5.94%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
0.12%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-14.21%
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 -0.09%, compared to the industry median CAGR of 0.00%, indicating slower growth and losing 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 16.8% 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'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 7.8%12%15.2%8.9%6.6%15.7%12.9%7.7%10.4%10.3%-
Value Creation
Index
-0.4-0.10.1-0.4-0.50.1-0.1-0.5-0.3-0.3-

Growth Parameters

Sales 175199227272200318364306386363363
Sales YoY Gr.-14%14.2%19.5%-26.4%59.1%14.5%-16%26.2%-5.9%-
Adj EPS 0.92.65.21.71.411.88.12.27.96.96
YoY Gr.-204.7%97%-68%-14.6%736.9%-31.2%-73.4%263.9%-12.7%-
BVPS (₹) 21.428.73435.939.751.556.955.863.37070.7
Adj Net
Profit
0.51.63.1118.36.62.17.56.66
Cash Flow from Ops. 13.732.95.311.6-34.6-0.823.3-34.248.942.9-
Debt/CF from Ops. 3.60.84.41.9-1.6-99.83.9-4.52.82.6-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 8.5%12.7%-0.1%-5.9%
Adj EPS 26%37.2%-5.5%-12.7%
BVPS14.1%12%7.2%10.6%
Share Price 16.3% 21.9% 19.5% -33.6%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
4.210.516.54.7425.9164.213.210.38.6
Op. Profit
Mgn %
2.34.94.834.66.15.86.76.46.96.4
Net Profit
Mgn %
0.30.81.40.40.52.61.80.721.81.6
Debt to
Equity
3.81.51.1122.122.92.21.6-
Working Cap
Days
82708890110777098928440
Cash Conv.
Cycle
151517-17-371726596554-4

Valuation of Tirupati Starch&Chem - Consolidated

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!

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 (%)

Financials

PARTICULARSMar'23Mar'24Mar'25Mar'26
Sales364306386363
Operating Expenses + 343286361339
Manufacturing Costs55444755
Material Costs260214285256
Employee Cost 14131412
Other Costs 14141516
Operating Profit 21212525
Operating Profit Margin (%) 5.8%6.7%6.4%6.8%
Other Income + 1043
Exceptional Items 0000
Interest 8101110
Depreciation 6888
Profit Before Tax 83109
Tax 1132
Profit After Tax 7286
PAT Margin (%) 1.8%0.7%2.0%1.8%
Adjusted EPS (₹)8.12.37.96.7
Dividend Payout Ratio (%)0%0%0%0%
PARTICULARSMar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 46546167
Share Capital 8101010
Reserves 38445158
Debt +8313811893
Long Term Debt64957555
Short Term Debt19424338
Minority Interest0000
Trade Payables2281819
Others Liabilities 18273330
Total Liabilities 169227230210

Fixed Assets

Net Fixed Assets +559398134
Gross Block113158172216
Accumulated Depreciation58667482
CWIP 4627400
Investments 0000
Inventories14494235
Trade Receivables33343930
Cash Equivalents 8200
Others Assets 13221010
Total Assets 169227230210
PARTICULARSMar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 23-344942
PBT 83109
Adjustment 14181920
Changes in Working Capital 3-542015
Tax Paid -1-1-0-1
Cash Flow From Investing Activity + -25-32-26-7
Capex -26-31-27-7
Net Investments 1-11-0
Others 0000
Cash Flow From Financing Activity + 959-24-35
Net Proceeds from Shares 4500
Net Proceeds from Borrowing 139-15-21
Interest Paid -8-9-9-10
Dividend Paid 0000
Others 12240-5
Net Cash Flow 8-7-1-0
PARTICULARSMar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)14.274.413.1510.09
ROCE (%)11.757.7410.3410.19
Asset Turnover Ratio2.151.551.691.65
PAT to CFO Conversion(x)3.29-176.137
Working Capital Days
Receivable Days33.1040.2034.8034.80
Inventory Days13.8037.2043.1039
Payable Days30.3025.1016.8027.10

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Tirupati Starch & Chemicals Ltd FAQs

The current trading price of Tirupati Starch&Chem on 22-Sep-2026 12:35 is ₹134.7.

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 21-Sep-2026 the market cap of Tirupati Starch&Chem stood at ₹137.9 Cr

The latest P/E ratio of Tirupati Starch&Chem as of 21-Sep-2026 is 23.80.

The latest P/B ratio of Tirupati Starch&Chem as of 21-Sep-2026 is 2.03.

The 52-week high of Tirupati Starch&Chem is ₹211.9 and the 52-week low is ₹115.0.

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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