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Tatva Chintan Pharma Chem Ltd (TATVA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543321 NSE: TATVA Chemicals | Small Cap | Tatva Chintan Pharma Share Price

₹1,750.05 -13.15 (-0.75%)

As on 22-Sep'26 13:07

Tatva Chintan Pharma Chem Ltd (TATVA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543321 NSE: TATVA Chemicals | Small Cap | Tatva Chintan Pharma Share Price

₹1,750.05 -13.15 (-0.75%)

As on 22-Sep'26 13:07

Key Metrics
Valuation Multiples
Market Cap
₹4,124 Cr.
Current Price
₹1,750.1
52-Week Low / High
₹988 / 1,839
TTM EPS
₹22
TTM Sales
₹556 Cr.
Book Value per Share
₹341
P/E Ratio
80.27
Lower than its 5-year historical median
Industry PE
48.1
Price to Book (P/B)
5.17
Higher than its 5-year historical median
Price to Sales (P/S)
7.42
Lower than its 5-year historical median
EV/EBITDA
37.39
Lower than its 5-year historical median
Dividend Yield
0.11%
Profitability Efficiency
Return on Equity (ROE)
5.53%
Underperforms industry median
Return on Capital Employed (ROCE)
7.17%
Underperforms industry median
Return on Assets (ROA)
4.63%
Operating Profit Margin
19%
Net Profit Margin
8.31%
Gross Profit Margin
18.5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
35.45%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
171.34%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
636.43%
Asset Quality
Promoter Holding
72.02%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹774 Cr.
Equity
₹23.4 Cr.
Face Value
₹10
All Time Low / High
₹610.00 / 2975.55

Tatva Chintan Pharma Chem stock performance

Key Ratios
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Check Before You Invest

Valuation

Fair

Price Trend

Strong
Q.1 Is Tatva Chintan Pharma Chem Ltd a good quality company?
Tatva Chintan Pharma Chem 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 Tatva Chintan Pharma Chem Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Tatva Chintan Pharma Chem Ltd vs industry peers?
Tatva Chintan Pharma Chem Ltd revenue CAGR is 10.99%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Tatva Chintan Pharma Chem Ltd?
Promoters hold 72.02% of the Tatva Chintan Pharma Chem Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Tatva Chintan Pharma Chem Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of -4.76% 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.
Tatva Chintan Pharma Chem 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 % 39%20.4%22.2%26.8%27.9%25.8%7.5%6.9%0.3%6.9%-
Value Creation
Index
1.80.50.60.91.00.8-0.5-0.5-1.0-0.5-

Growth Parameters

Sales 109129203254291428403379366496534
Sales YoY Gr.-19%56.8%25.1%14.7%46.9%-5.8%-6%-3.2%35.5%-
Adj EPS 85.110.317.724.141.620.211.5-0.61619
YoY Gr.--36.4%101.2%72.8%35.7%72.8%-51.4%-43.4%-105.2%NA-
BVPS (₹) 24.730.239.65780.6211.5227.7310.3308.4324.1328.6
Adj Net
Profit
16.110.320.635.648.392.144.826.8-1.437.444
Cash Flow from Ops. 24.312.97.924.618.919.823.71032429.2-
Debt/CF from Ops. 1.94.49.83.74.86.17.20.11.54.1-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 18.4%11.3%7.2%35.5%
Adj EPS 8%-7.9%-7.5%NA
BVPS33.1%32.1%12.5%5.1%
Share Price - -5% 2.6% 58.3%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
39.318.629.436.73529.29.24.4-0.25.15.8
Op. Profit
Mgn %
23.715.917.121.122.524.814.317.77.11818.4
Net Profit
Mgn %
14.87.910.21416.621.511.17.1-0.47.58.3
Debt to
Equity
0.90.910.80.60.30.300.10.2-
Working Cap
Days
175189152156190199251256247216115
Cash Conv.
Cycle
5476728510611716717517215643

Valuation of Tatva Chintan Pharma - 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'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales135206263300434424394383506
Operating Expenses + 114172208234325363325348412
Manufacturing Costs22033366554676588
Material Costs70114133152195226174199225
Employee Cost 101621243141555363
Other Costs 322122223541293137
Operating Profit 2134556710961683493
Operating Profit Margin (%) 15.9%16.5%21.0%22.2%25.0%14.3%17.4%9.0%18.5%
Other Income + 501596824
Exceptional Items -01000-4000
Interest 344459723
Depreciation 4457810262837
Profit Before Tax 202748611044544857
Tax 771088-113215
Profit After Tax 13213852964530642
PAT Margin (%) 9.6%10.0%14.4%17.4%22.1%10.7%7.7%1.5%8.3%
Adjusted EPS (₹)6.510.218.826.043.320.513.02.418.0
Dividend Payout Ratio (%)0%0%0%19.20%4.60%9.80%15.40%41%11.10%
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 6280118166473515737739782
Share Capital 888202222232323
Reserves 5472110146451493714715758
Debt +567179761061601136119
Long Term Debt20323927134105
Short Term Debt36404049921561036114
Minority Interest000000000
Trade Payables252232474532453358
Others Liabilities 41420362637141635
Total Liabilities 147188249325649744807824994

Fixed Assets

Net Fixed Assets +5667111120160196427529609
Gross Block7073122139186232488617733
Accumulated Depreciation137111827366189123
CWIP 10651051231772425
Investments 1000001004
Inventories29366472170162153134196
Trade Receivables3241509157847090119
Cash Equivalents 9161151774538149
Others Assets 10229273526323332
Total Assets 147188249325649744807824994
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 0725202028982531
PBT 02748611044544857
Adjustment 08971217292944
Changes in Working Capital 0-22-23-38-77-2434-8-62
Tax Paid 0-6-8-10-18-9-9-4-8
Cash Flow From Investing Activity + 0-17-40-21-197-101-121-65-116
Capex 0-10-48-21-89-203-128-76-113
Net Investments 0-770-11297510-5
Others 001055302
Cash Flow From Financing Activity + 01710-523538311779
Net Proceeds from Shares 0000211019700
Net Proceeds from Borrowing 01313-9-13-13-9-35
Interest Paid 0-4-4-4-5-8-7-1-3
Dividend Paid 000-40-4-5-5-2
Others 081134264-1462679
Net Cash Flow 08-5-659-368-24-5
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)20.928.9538.2936.8530.019.214.850.775.53
ROCE (%)19.1522.7828.428.0425.758.3571.197.17
Asset Turnover Ratio0.921.231.211.050.890.610.510.470.56
PAT to CFO Conversion(x)00.330.660.380.210.623.274.170.74
Working Capital Days
Receivable Days85.3064.506385.206260.7071.3075.9075.20
Inventory Days79.5057.6068.7082.30101.80143.20145.80136.60118.90
Payable Days127.9074.8073.909586.3061.9080.9071.3073.90

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Tatva Chintan Pharma Chem Ltd FAQs

The current trading price of Tatva Chintan Pharma on 22-Sep-2026 13:07 is ₹1,750.1.

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 Tatva Chintan Pharma stood at ₹4,124.5 Cr

The latest P/E ratio of Tatva Chintan Pharma as of 21-Sep-2026 is 92.91.

The latest P/B ratio of Tatva Chintan Pharma as of 21-Sep-2026 is 5.37.

The 52-week high of Tatva Chintan Pharma is ₹1,838.9 and the 52-week low is ₹988.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Tatva Chintan Pharma is ₹534 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Tatva Chintan Pharma Chem Ltd is a below average quality company.

The key valuation ratios of Tatva Chintan Pharma Chem 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 Strong which suggest that the price of Tatva Chintan Pharma Chem Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Tatva Chintan Pharma Chem Ltd

The company is a specialty chemicals manufacturing company engaged in the manufacture of a diverse portfolio of structure directing agents (SDAs), phase transfer catalysts (PTCs), electrolyte salts for super capacitor batteries and pharmaceutical and agrochemical intermediates and other specialty chemicals (PASC). The company is the largest and only commercial manufacturer of SDAs for zeolites in India. It also enjoys the second largest position globally. In addition, the company is one of the leading global producers of an entire range of PTCs in India and one of the key producers across the globe. As a manufacturer of specialty chemicals, it focuses on application of its products which form a key ingredient to its customers’ manufacturing and industrial processes. For instance, its SDA and PTC products have various applications in green chemistry, which is pertinent considering the growing focus on green and sustainable technologies.

The company continuously strive to improve its processes and infrastructure to help reduce its impact on the environment and have accordingly, undertaken various ‘green’ chemistry processes such as electrolysis. Considering the wide application of its products, it serve customers across various industries, including the automotive, petroleum, pharmaceutical, agro chemicals, paints and coatings, dyes and pigments, personal care and flavour and fragrances industries. Apart from company’s customers in India, it also export its products to over 25 countries, including the USA, China, Germany, Japan, South Africa, and the UK.

Business area of the company

The company is a chemical manufacturing company that manufactures structure directing agents (SDAs), phase transfer catalyst (PTCs), pharmaceutical and agrochemical intermediates, and other specialty chemicals.

Awards, accreditations or recognitions

  • 2006: Received ISO 9001:2015 certification for manufacturing facility at Ankleshwar.
  • 2015: Appreciation certificate from the Office of the Chief Commission of Central Excise, Customs & Service Tax, Vadodara Zone for Company’s contribution to the revenue and voluntary compliance with tax laws.
  • 2016: Accorded the status of a two star export house from the Directorate General of Foreign Trade, Ministry of Commerce and Industry, Government of India.
  • 2017: Received ISO 14001:2015 and BS OHSAS 18001:2007 certification for our manufacturing facility at Ankleshwar.
  • 2018: Received ISO 9001: 2015 certification for manufacturing facilities at Ankleshwar and Dahej.
  • 2018: Received ISO 14001: 2015 and BS OHSAS 18001:2007 certification for manufacturing facility at Dahej.
  • 2019: R&D facility recognized by the Department of Scientific and Industrial Research, Government of India for the purpose of availing customs duty exemption.
  • 2020: Received ISO 14001:2015 and 45001:2018 certification for manufacturing facility at Ankleshwar.

Major events and milestones

  • 1996: Incorporation of the company.
  • 2004: Received licence to manufacture for sale (or for distribution) of certain drugs from the Food and Drugs Control Administration, Gujarat at our Ankleshwar Manufacturing Facility.
  • 2007: Expansion of manufacturing capacity at Ankleshwar Manufacturing Facility.
  • 2011: Commenced commercial manufacturing of SDAs.
  • 2013: Attained turnover of Rs 500.00 million.
  • 2015: Attained turnover of Rs 1 billion.
  • 2015: Incorporation of Tatva Chintan USA Inc., a wholly owned Subsidiary of Company.
  • 2015: Set up warehousing facility in Netherlands.
  • 2017: Set up Dahej Manufacturing Facility.
  • 2018: Set up R&D facility in Vadodara.
  • 2019: Incorporation of Tatva Chintan Europe BV, a wholly owned Subsidiary of Company.
  • 2020: Completion of ‘Together for Sustainability’ audit.
  • 2020: Conversion of Ankleshwar Manufacturing Facility to a ‘zero liquid effluent discharge facility’.
  • 2020: Attained total revenue of Rs 2 billion.
  • 2020: Increase in manufacturing capacity at our Dahej Manufacturing Facility resulting in an increase in the aggregate manufacturing capacity of our Company from 160 KL and 10 Assembly Lines to 280 KL and 13 Assembly Lines.


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