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Last Updated: April 2, 2026, 2:54 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 500770 | NSE: TATACHEM

Tata Chemicals Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹486.87Overvalued by 19.79%vs CMP ₹607.00

P/E (56.8) × ROE (1.2%) × BV (₹877.00) × DY (1.81%)

₹462.50Overvalued by 23.81%vs CMP ₹607.00
MoS: -31.2% (Negative)Confidence: 43/100 (Low)Models: 2 Under, 1 Fair, 4 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹329.9730%Over (-45.6%)
Graham NumberEarnings₹373.2422%Over (-38.5%)
Net Asset ValueAssets₹877.9510%Under (+44.6%)
EV/EBITDAEnterprise₹913.5612%Under (+50.5%)
Earnings YieldEarnings₹70.6010%Over (-88.4%)
ROCE CapitalReturns₹398.5710%Over (-34.3%)
Revenue MultipleRevenue₹584.587%Fair (-3.7%)
Consensus (7 models)₹462.50100%Overvalued
Key Drivers: EPS CAGR -32.2% drags value — could be higher if earnings stabilize. | ROE 1.2% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -32.2%

*Investments are subject to market risks

Investment Snapshot

43
Tata Chemicals Ltd scores 43/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health53/100 · Moderate
ROCE 4.0% WeakROE 1.2% WeakD/E 0.38 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money30/100 · Weak
FII holding down -1.03% (6mo) SellingPromoter holding at 38.0% Stable
Earnings Quality40/100 · Moderate
OPM contracting (21% → 16%) Declining
Quarterly Momentum50/100 · Moderate
Revenue (4Q): -1% YoY Flat
Industry Rank25/100 · Weak
P/E 56.8 vs industry 38.4 In-lineROCE 4.0% vs industry 7.1% Below peersROE 1.2% vs industry 8.1% Below peers3Y sales CAGR: 6% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:54 am

Market Cap 15,458 Cr.
Current Price 607
Intrinsic Value₹462.50
High / Low 1,027/580
Stock P/E56.8
Book Value 877
Dividend Yield1.81 %
ROCE3.96 %
ROE1.20 %
Face Value 10.0
PEG Ratio-1.76

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Tata Chemicals Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Tata Chemicals Ltd 15,458 Cr. 607 1,027/58056.8 8771.81 %3.96 %1.20 % 10.0
Gujarat Alkalies & Chemicals Ltd 4,343 Cr. 591 700/409 7592.67 %0.34 %1.13 % 10.0
GHCL Ltd 4,093 Cr. 445 668/4198.07 3962.70 %24.2 %18.6 % 10.0
Chemfab Alkalis Ltd 469 Cr. 326 906/27047.5 2880.38 %5.89 %3.69 % 10.0
Caprolactam Chemicals Ltd 19.8 Cr. 43.0 81.0/37.541.2 11.60.00 %0.48 %13.7 % 10.0
Industry Average6,090.75 Cr337.3838.39392.002.01%7.11%8.14%9.17

All Competitor Stocks of Tata Chemicals Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 4,1484,4074,2183,9983,7303,4753,7893,9993,5903,5093,7193,8773,550
Expenses 3,3173,4423,1753,1913,1883,0323,2153,3813,1563,1823,0703,3403,205
Operating Profit 8319651,043807542443574618434327649537345
OPM % 20%22%25%20%15%13%15%15%12%9%17%14%10%
Other Income 30866718798-861116152-102913812821
Interest 107133123145132130133145148137147144146
Depreciation 227234229234246271273277280293280285293
Profit before tax 527684758615262-819284348-4-74360236-73
Tax % 19%-1%23%20%26%3%33%23%425%-34%12%35%-5%
Net Profit 425692587495194-841190267-21-49316154-69
EPS in Rs 15.3527.8320.8816.806.20-33.365.897.61-2.08-2.209.893.02-3.65

Last Updated: February 6, 2026, 12:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 18, 2026, 3:31 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 15,88517,20414,87310,34610,27010,33710,35710,20012,62216,78915,42114,88714,655
Expenses 15,20015,30512,7778,2496,9268,5388,4118,69310,31712,96912,57412,93412,797
Operating Profit 6861,9002,0962,0973,3441,7991,9451,5062,3053,8202,8471,9531,858
OPM % 4%11%14%20%33%17%19%15%18%23%18%13%13%
Other Income -1541832102932627856,480254486218-521287316
Interest 579461525297326354342367303406530563574
Depreciation 4714635265125185686667598068929801,1231,151
Profit before tax -5191,1591,2551,5802,7631,6617,4166341,6822,740816554449
Tax % 56%30%20%22%2%17%3%31%16%11%47%30%
Net Profit -8118021,0061,2342,7021,3877,2284361,4052,434435387352
EPS in Rs -40.5023.4130.2438.9895.4945.37274.9710.0649.3790.9310.529.227.06
Dividend Payout % -25%53%33%28%23%28%4%99%25%19%143%119%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)198.89%25.44%22.66%118.96%-48.67%421.12%-93.97%222.25%73.24%-82.13%-11.03%
Change in YoY Net Profit Growth (%)0.00%-173.45%-2.77%96.30%-167.63%469.79%-515.09%316.22%-149.01%-155.37%71.09%

Tata Chemicals Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Last Updated: September 5, 2025, 4:00 am

Balance Sheet

Last Updated: December 4, 2025, 1:14 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 255255255255255255255255255255255255255
Reserves 5,3115,2976,6007,65310,84712,08612,64314,03517,99819,46621,98621,33922,103
Borrowings 8,3938,3799,0907,0726,1086,1307,7026,9337,0246,2965,5637,0727,495
Other Liabilities 6,1276,8728,4028,6078,6488,3987,0737,1158,5668,9238,9079,0849,002
Total Liabilities 20,08620,80224,34623,58725,85826,86927,67328,33733,84334,94036,71137,75038,855
Fixed Assets 11,00711,35913,43112,64412,78713,55115,35615,26116,04417,09217,86119,60020,171
CWIP 4681893503334097748351,0941,6682,4102,2171,9132,099
Investments 4414432,1882,7872,8405,6154,2855,8167,6837,4489,7399,1449,555
Other Assets 8,1718,8118,3777,8229,8226,9297,1986,1678,4487,9906,8947,0937,030
Total Assets 20,08620,80224,34623,58725,85826,86927,67328,33733,84334,94036,71137,75038,855

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 2,3381,2742,3323,5311,8701,5811,7802,0371,6452,9713,0161,761
Cash from Investing Activity + -563-663-463-9852,714-1,927-2,285-1,147-817-1,149-605-1,667
Cash from Financing Activity + -1,865-1,087-1,802-2,341-2,089-1,712-129-1,456-755-2,076-2,49429
Net Cash Flow -91-477682052,494-2,058-634-56573-254-83123
Free Cash Flow 1,7447091,6452,8881,1405026118043801,4271,193-191
CFO/OP 374%86%129%190%71%115%99%142%83%88%120%102%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow678.00-7.00-7.00-5.00-3.00-5.00-6.00-5.00-5.00-3.00-3.00-6.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 747388744651565056574547
Inventory Days 96137119244304315347257318282341324
Days Payable 11913899232307269302256338289320318
Cash Conversion Cycle 52721078643971005135506653
Working Capital Days 11-431-427-2-10227-2929-22-21
ROCE %3%11%11%10%16%9%36%4%8%12%8%4%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 37.98%37.98%37.98%37.98%37.98%37.98%37.98%37.98%37.98%37.98%37.98%37.98%
FIIs 14.59%14.47%14.16%14.07%13.84%13.76%13.56%13.60%13.29%12.85%13.73%12.26%
DIIs 19.77%19.91%20.91%20.44%19.97%19.91%20.34%21.68%21.96%22.61%22.17%22.40%
Government 0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%
Public 27.64%27.63%26.92%27.49%28.18%28.31%28.08%26.72%26.73%26.53%26.07%27.34%
No. of Shareholders 6,21,4836,55,1666,51,2746,70,0667,58,5727,45,5947,30,5286,87,0656,86,9736,77,1306,50,6936,50,585

Shareholding Pattern Chart

No. of Shareholders

Tata Chemicals Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Kotak Flexicap Fund 3,750,000 0.5 279.62N/AN/AN/A
ICICI Prudential Value Fund 3,706,957 0.46 276.412,843,8282026-01-26 02:31:3430.35%
ICICI Prudential India Opportunities Fund 2,925,492 0.62 218.142,879,2702026-02-23 00:12:211.61%
ICICI Prudential Multicap Fund 2,584,831 1.22 192.74N/AN/AN/A
ICICI Prudential Smallcap Fund 2,320,406 2.13 173.022,300,0002025-12-15 00:52:540.89%
Kotak Large & Midcap Fund 2,064,884 0.51 153.97N/AN/AN/A
ICICI Prudential Multi Asset Fund 1,137,376 0.11 84.81N/AN/AN/A
HDFC Large and Mid Cap Fund 868,808 0.23 64.78N/AN/AN/A
Kotak Multi Asset Allocation Fund 700,000 0.43 52.2N/AN/AN/A
Tata Ethical Fund 652,838 1.29 48.68N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 9.2310.5290.9549.3710.06
Diluted EPS (Rs.) 9.2310.5290.9549.3710.06
Cash EPS (Rs.) 53.1852.82130.4377.9145.91
Book Value[Excl.RevalReserv]/Share (Rs.) 846.82906.43809.49751.80594.25
Book Value[Incl.RevalReserv]/Share (Rs.) 846.82906.43809.49751.80594.25
Revenue From Operations / Share (Rs.) 583.80604.75658.39495.33400.27
PBDIT / Share (Rs.) 85.41122.86158.43100.4968.09
PBIT / Share (Rs.) 41.3784.43123.4568.8538.29
PBT / Share (Rs.) 14.3929.88107.4556.5323.87
Net Profit / Share (Rs.) 9.1414.3995.4546.2716.11
NP After MI And SOA / Share (Rs.) 9.2110.5190.8649.3510.06
PBDIT Margin (%) 14.6320.3124.0620.2817.01
PBIT Margin (%) 7.0813.9618.7513.909.56
PBT Margin (%) 2.464.9416.3211.415.96
Net Profit Margin (%) 1.562.3714.499.344.02
NP After MI And SOA Margin (%) 1.571.7313.809.962.51
Return on Networth / Equity (%) 1.081.2011.746.881.79
Return on Capital Employeed (%) 3.337.0110.436.554.08
Return On Assets (%) 0.620.726.603.710.90
Long Term Debt / Equity (X) 0.190.130.280.200.36
Total Debt / Equity (X) 0.290.220.300.370.38
Asset Turnover Ratio (%) 0.390.420.480.400.14
Current Ratio (X) 1.091.051.661.231.49
Quick Ratio (X) 0.670.631.150.901.11
Inventory Turnover Ratio (X) 5.861.071.221.220.50
Dividend Payout Ratio (NP) (%) 162.55166.4113.7220.25109.30
Dividend Payout Ratio (CP) (%) 28.1235.739.9012.3427.59
Earning Retention Ratio (%) -62.55-66.4186.2879.75-9.30
Cash Earning Retention Ratio (%) 71.8864.2790.1087.6672.41
Interest Coverage Ratio (X) 3.875.919.958.464.72
Interest Coverage Ratio (Post Tax) (X) 1.583.347.044.912.12
Enterprise Value (Cr.) 28656.0532847.3031130.1031228.9624062.00
EV / Net Operating Revenue (X) 1.922.131.852.472.36
EV / EBITDA (X) 13.1610.487.7112.2013.87
MarketCap / Net Operating Revenue (X) 1.481.791.481.971.88
Retention Ratios (%) -62.55-66.4186.2779.74-9.30
Price / BV (X) 1.021.241.261.361.34
Price / Net Operating Revenue (X) 1.481.791.481.971.88
EarningsYield 0.010.010.090.050.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Tata Chemicals Ltd. is a Public Limited Listed company incorporated on 23/01/1939 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L24239MH1939PLC002893 and registration number is 002893. Currently Company is involved in the business activities of Manufacture of basic chemicals, fertilizer and nitrogen compounds, plastics and synthetic rubber in primary forms. Company's Total Operating Revenue is Rs. 4441.00 Cr. and Equity Capital is Rs. 255.00 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Chemicals - Inorganic - Caustic Soda/Soda AshBombay House, 24, Homi Mody Street, Mumbai Maharashtra 400001Contact not found
Management
NamePosition Held
Mr. S PadmanabhanChairman
Mr. R MukundanManaging Director & CEO
Mr. Modan SahaDirector
Mrs. Padmini Khare KaickerIndependent Director
Mr. Rajiv DubeIndependent Director
Dr. C V NatrajIndependent Director
Mr. K B S AnandIndependent Director

FAQ

What is the intrinsic value of Tata Chemicals Ltd and is it undervalued?

As of 18 April 2026, Tata Chemicals Ltd's intrinsic value is ₹462.50, which is 23.81% lower than the current market price of ₹607.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (1.20 %), book value (₹877), dividend yield (1.81 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Tata Chemicals Ltd?

Tata Chemicals Ltd is trading at ₹607.00 as of 18 April 2026, with a FY2026-2027 high of ₹1,027 and low of ₹580. The stock is currently near its 52-week low. Market cap stands at ₹15,458 Cr..

How does Tata Chemicals Ltd's P/E ratio compare to its industry?

Tata Chemicals Ltd has a P/E ratio of 56.8, which is above the industry average of 38.39. The premium over industry average may reflect growth expectations or speculative interest.

Is Tata Chemicals Ltd financially healthy?

Key indicators for Tata Chemicals Ltd: ROCE of 3.96 % is on the lower side compared to the industry average of 7.11%; ROE of 1.20 % is below ideal levels (industry average: 8.14%). Dividend yield is 1.81 %.

Is Tata Chemicals Ltd profitable and how is the profit trend?

Tata Chemicals Ltd reported a net profit of ₹387 Cr in Mar 2025 on revenue of ₹14,887 Cr. Compared to ₹1,405 Cr in Mar 2022, the net profit shows a declining trend.

Does Tata Chemicals Ltd pay dividends?

Tata Chemicals Ltd has a dividend yield of 1.81 % at the current price of ₹607.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Tata Chemicals Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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