Is Tirupati Starch & Chemicals Ltd (524582) a good quality company?

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

Is Tirupati Starch & Chemicals Ltd (524582) undervalued or overvalued?

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 .

What is Tirupati Starch & Chemicals Ltd (524582) share price return in the past 10 years?

Tirupati Starch & Chemicals Ltd share price has appreciated 21.3% annually (CAGR) over the past ten years.

Is Tirupati Starch & Chemicals Ltd (524582) a good buy now?

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.

What is the share price of Tirupati Starch & Chemicals Ltd (524582)?

Company share prices are keep on changing according to the market conditions. The current trading price of Tirupati Starch & Chemicals Ltd (524582) on 11-May-2026 16:59:59 at 16:59 is 133.00.

What is the P/E ratio of Tirupati Starch & Chemicals?

The latest standalone P/E ratio of Tirupati Starch & Chemicals as of 11-May-2026 is 22.81.

What is the P/B ratio of Tirupati Starch & Chemicals Ltd (524582)?

The latest standalone P/B ratio of Tirupati Starch & Chemicals Ltd (524582) as of 11-May-2026 is 1.99.

What is the 52-week high and low of Tirupati Starch & Chemicals Ltd (524582)?

The 52-week high of Tirupati Starch & Chemicals Ltd (524582) is Rs. 218.90 and the 52-week low is Rs. 115.40.

Tirupati Starch & Chemicals Ltd (524582) Share Analysis – Brand Strength, Quality & Valuation Zone & DeciZen Rating

Name: Tirupati Starch & Chemicals Ltd (524582)
Brand: Tirupati Starch & Chemicals

Tirupati Starch & Chemicals Ltd (524582) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Key Metrics

Market Cap

₹129 Cr.

P/E Ratio

22.81

Price to Book (P/B)

1.99

Price to Sales (P/S)

0.35

EV/EBITDA

9.71

Return on Capital Employed (ROCE)

10.35%

Current Price

₹133

Return on Equity (ROE)

13.19%

Return on Assets (ROA)

3.30%

Operating Profit Margin

6.4%

Net Profit Margin

1.95%

Gross Profit Margin

4.7%

Book Value per Share

₹67.7

Sales Growth (YoY)

26.17%

Sales Growth (3 Years)

6.67%

Operating Profit Growth (1 Year)

20.74%

Operating Profit Growth (3 Years)

8.35%

Net Profit Growth (1 Year)

264.25%

52-Week Low / High

₹115 / 219

Net Profit Growth (3 Years)

-3.02%

Dividend Yield

0.00%

Promoter Holding

72.88%

Pledged shares (%)
of Promoter's holding (%)

0.00%

Check Before You Invest

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 21.5% based on the current price.

Q.1 Revenue growth of Tirupati Starch & Chemicals Ltd?

Tirupati Starch & Chemicals Ltd revenue growth is 26.2% for FY-2025, which is above its 5-year CAGR of 7.29%, indicating faster growth.

Q.1 Which industry/sub-sector does Tirupati Starch & Chemicals Ltd belong to?

Tirupati Starch & Chemicals Ltd belongs to the FMCG sector, operating specifically within the Consumer Food segment.

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 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 6.98%, indicating stable growth and maintaining its market share.

DeciZen - make an informed investing decision on Tirupati Starch&Chem

Based on:

Data

Overall Rating ⓘ
Login to view analysis. M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

3. Price Trend

Tirupati Starch & Chemicals stock performance

Key Ratios

Is Tirupati Starch & Chemicals Ltd an attractive stock to invest in?

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
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	-0.1	0.1	-0.4	-0.5	0.1	-0.1	-0.5	-0.3	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	158	175	199	227	272	200	318	364	306	386	371
Sales YoY Gr.	-	10.5%	14%	14.2%	19.5%	-26.4%	59.1%	14.5%	-16%	26.2%	-
Adj EPS ⓘ	-2.6	0.9	2.6	5.2	1.7	1.4	11.8	8.1	2.2	7.9	5.9
YoY Gr.	-	NA	204.7%	97%	-68%	-14.6%	736.9%	-31.2%	-73.4%	263.9%	-
BVPS (₹) ⓘ	17	21.4	28.7	34	35.9	39.7	51.5	56.9	55.8	63.3	67.7
Adj Net Profit ⓘ	-1.6	0.5	1.6	3.1	1	1	8.3	6.6	2.1	7.5	6
Cash Flow from Ops. ⓘ	-4.5	13.7	32.9	5.3	11.6	-34.6	-0.8	23.3	-34.2	48.9	-
Debt/CF from Ops. ⓘ	-11.8	3.6	0.8	4.4	1.9	-1.6	-99.8	3.9	-4.5	2.8	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	10.4%	7.3%	6.7%	26.2%
Adj EPS ⓘ	NA	36.6%	-12.7%	263.9%
BVPSⓘ	15.7%	12.1%	7.2%	13.5%
Share Price	21.3%	22.1%	23.9%	-21.1%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	-12.3	4.2	10.5	16.5	4.7	4	25.9	16	4.2	13.2	9
Op. Profit Mgn % ⓘ	3.4	2.3	4.9	4.8	3	4.6	6.1	5.8	6.7	6.4	5.6
Net Profit Mgn % ⓘ	-1	0.3	0.8	1.4	0.4	0.5	2.6	1.8	0.7	2	1.5
Debt to Equity ⓘ	4.5	3.8	1.5	1.1	1	2	2.1	2	2.9	2.2	-
Working Cap Days ⓘ	72	82	70	88	90	110	77	70	98	92	42
Cash Conv. Cycle ⓘ	6	15	15	17	-17	-37	17	26	59	65	-3

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	5.9	5.9
TTM Sales (₹ Cr.)	371	371
BVPS (₹) ⓘ	67.7	67.7
Reserves (₹ Cr.) ⓘ	55	55
P/BV ⓘ	1.99	1.99
PE ⓘ	22.81	22.99

From the Market
52 Week Low / High (₹)	115.40 / 218.90
All Time Low / High (₹)	0.60 / 263.85
Market Cap (₹ Cr.)	129
Equity (₹ Cr.)	9.6
Face Value (₹)	10
Industry PE ⓘ	58.5

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Tirupati Starch&Chem - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	158	175	199	227	272	200	318	364	306	386
Operating Expenses ⓘ +	153	171	189	216	264	191	299	343	286	361
Manufacturing Costs	26	27	33	36	32	33	50	55	44	47
Material Costs	114	130	143	167	218	143	222	260	214	285
Employee Cost	5	6	5	6	6	7	12	14	13	13
Other Costs ⓘ	8	8	8	7	8	8	15	14	14	16
Operating Profit ⓘ	5	4	10	11	8	9	19	21	20	25
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 ⓘ +	1	5	1	1	1	0	2	1	0	4
Exceptional Items ⓘ	0	1	0	0	0	0	0	0	0	0
Interest ⓘ	6	5	4	3	2	3	6	8	10	11
Depreciation ⓘ	4	5	5	5	5	5	6	6	8	8
Profit Before Tax ⓘ	-5	0	2	4	2	1	9	8	3	10
Tax ⓘ	-3	-1	0	1	0	0	1	1	1	3
Profit After Tax	-2	1	2	3	1	1	8	7	2	8
PAT Margin (%)	-1.0%	0.7%	0.9%	1.4%	0.4%	0.5%	2.6%	1.8%	0.7%	2.0%
Adjusted EPS (₹)	-2.5	1.9	2.9	5.3	1.9	1.5	11.8	8.1	2.2	7.9
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	12	13	17	21	22	28	36	46	54	61
Share Capital ⓘ	8	6	6	6	6	7	7	8	10	10
Reserves ⓘ	4	7	11	15	16	21	29	38	44	51
Debt +	47	44	21	22	21	53	75	83	138	118
Long Term Debt	37	38	12	14	14	50	68	64	95	75
Short Term Debt	10	6	8	8	7	4	7	19	42	43
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	28	21	21	45	92	35	34	22	8	18
Others Liabilities ⓘ	18	28	49	51	5	17	14	18	27	33
Total Liabilities ⓘ	105	105	108	138	140	133	158	169	226	230
Fixed Assets
Net Fixed Assets ⓘ +	59	64	65	60	55	71	61	55	93	98
Gross Block	81	91	97	97	97	117	113	113	158	172
Accumulated Depreciation	23	27	32	37	41	47	52	58	66	74
CWIP ⓘ	4	0	0	9	18	7	16	46	27	40
Investments ⓘ	0	0	0	0	0	0	1	0	0	0
Inventories	17	15	13	19	29	15	33	14	49	42
Trade Receivables	19	17	21	38	27	24	30	33	34	39
Cash Equivalents	0	0	1	1	1	0	1	8	2	0
Others Assets ⓘ	6	9	9	11	10	15	16	13	22	9
Total Assets ⓘ	105	105	108	138	140	133	158	169	226	230

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	-4	14	33	5	12	-35	-1	23	-34	49
PBT ⓘ	-5	0	2	4	2	1	9	8	3	10
Adjustment ⓘ	11	9	11	7	7	8	12	14	18	19
Changes in Working Capital ⓘ	-10	5	19	-5	3	-44	-20	3	-54	20
Tax Paid ⓘ	-0	-0	-0	-1	0	-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	0	0	0	0	0	0	-1	1	-1	1
Others ⓘ	0	0	0	0	0	0	0	0	0	0
Cash Flow From Financing Activity ⓘ +	10	-8	-28	4	-3	41	7	9	59	-24
Net Proceeds from Shares ⓘ	0	0	0	0	0	3	0	4	5	0
Net Proceeds from Borrowing ⓘ	15	0	-25	7	1	40	10	1	39	-15
Interest Paid ⓘ	-7	-5	-4	-3	-2	-3	-5	-8	-9	-9
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	2	-4	2	-1	-1	0	3	12	24	0
Net Cash Flow ⓘ	-0	-0	0	0	-0	-0	-0	8	-7	-1

Finance Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	-13.6	9.76	11.63	16.99	5.41	4.13	25.9	16.01	4.17	13.19
ROCE (%)	2.69	7.78	12	15.2	8.92	6.61	15.68	12.85	7.67	10.35
Asset Turnover Ratio	1.69	1.75	2.06	1.84	1.95	1.46	2.19	2.23	1.55	1.69
PAT to CFO Conversion(x)	N/A	14	16.5	1.67	12	-35	-0.13	3.29	-17	6.13
Working Capital Days
Receivable Days	30.30	35.80	31.50	46.90	43.70	47.30	31.50	31.80	40.20	34.80
Inventory Days	33.40	32.30	23.40	25.30	31.70	40.10	27.50	23.30	37.20	43.10
Payable Days	81.80	68.30	53.20	72.40	115.10	162.20	56.70	38.80	25.10	16.80

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Tirupati Starch & Chemicals Ltd FAQs

The current trading price of Tirupati Starch&Chem on 11-May-2026 16:59 is ₹133.0.

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 10-May-2026 the market cap of Tirupati Starch&Chem stood at ₹129.3 Cr

The latest P/E ratio of Tirupati Starch&Chem as of 10-May-2026 is 22.81.

The latest P/B ratio of Tirupati Starch&Chem as of 10-May-2026 is 1.99.

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 ₹371 ( Cr.) .

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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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
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Tirupati Starch & Chemicals Ltd (524582) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Tirupati Starch&Chem Share Price