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Last Updated on: 27 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Thirumalai Chemicals Ltd

About the Company - Thirumalai Chemicals Ltd

Thirumalai Chemicals Ltd. is a Public Limited Listed company incorporated on 27/11/1972 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L24100MH1972PLC016149 and registration number is 016149. Currently Company is involved in the business activities of Manufacture of organic and inorganic chemical compounds. Company’s Total Operating Revenue is Rs. 1438.09 Cr. and Equity Capital is Rs. 10.24 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Chemicals - Speciality - OthersThirumalai House, Mumbai Maharashtra 400022thirumalai@thirumalaichemicals.com
http://www.thirumalaichemicals.com
Management
NamePosition Held
Mr. R ParthasarathyChairman & Managing Director
Mrs. Ramya BharathramManaging Director & CFO
Mr. P Mohana Chandran NairWhole Time Director
Mr. Arun AlagappanDirector
Mrs. Bhama KrishnamurthyDirector
Mr. Raj KatariaDirector
Mr. R RavishankarDirector
Mr. Dhruv MoondhraDirector
Mr. Arun RamanathanDirector
Mr. R SampathDirector
Mr. Rajeev M PandiaDirector

Thirumalai Chemicals Ltd. Share Price Update

Share PriceValue
Today₹259.35
Previous Day₹260.15

Basic Stock Data of Thirumalai Chemicals Ltd

Market Cap 2,581 Cr.
Current Price 252
High / Low269/168
Stock P/E
Book Value 118
Dividend Yield0.58 %
ROCE10.9 %
ROE7.88 %
Face Value 1.00

Data Source: screener.in

Competitors of Thirumalai Chemicals Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Clean Science & Technology Ltd 14,822 Cr. 1,3951,622/1,22758.3 1030.35 %44.5 %33.2 % 1.00
Aarti Surfactants Ltd 518 Cr. 684854/41724.3 2090.00 %10.6 %8.36 % 10.0
Aether Industries Ltd 11,524 Cr. 8691,211/77889.0 1540.00 %18.4 %15.9 % 10.0
Rossari Biotech Ltd 4,228 Cr. 765904/53633.7 1770.07 %18.4 %12.4 % 2.00
Gujarat Fluorochemicals Ltd 39,454 Cr. 3,5923,920/2,53759.2 5240.11 %29.6 %27.0 % 1.00
Industry Average14,109.20 Cr1,461.0052.90233.400.11%24.30%19.37%4.80

Thirumalai Chemicals Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales267.71317.78386.76397.10477.10541.16582.83621.05572.05508.21430.93522.66542.05
Expenses225.06244.42269.64295.06393.86425.24444.43524.51511.42479.38431.64484.88526.62
Operating Profit42.6573.36117.12102.0483.24115.92138.4096.5460.6328.83-0.7137.7815.43
OPM %15.93%23.09%30.28%25.70%17.45%21.42%23.75%15.54%10.60%5.67%-0.16%7.23%2.85%
Other Income0.721.681.662.314.483.192.793.206.1710.5211.164.556.45
Interest4.555.296.094.495.154.765.976.056.5411.387.289.9810.18
Depreciation12.4512.5212.1813.0914.6813.8714.9912.6213.2813.8115.9715.5015.78
Profit before tax26.3757.23100.5186.7767.89100.48120.2381.0746.9814.16-12.8016.85-4.08
Tax %37.32%36.07%15.76%24.96%25.47%24.90%25.09%25.93%26.95%41.38%-0.31%36.80%-47.06%
Net Profit16.5336.5984.6765.1150.6075.4690.0660.0534.328.30-12.8410.65-6.00
EPS in Rs1.613.578.276.364.947.378.805.863.350.81-1.251.04-0.59

Thirumalai Chemicals Ltd Quarterly Chart

Thirumalai Chemicals Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,0521,3691,2751,0709401,0281,3121,2611,0851,0861,9982,1322,004
Expenses9801,2341,1921,0328428711,0221,0551,0078651,5571,9461,923
Operating Profit721358338981582902067822144118681
OPM %7%10%7%4%10%15%22%16%7%20%22%9%4%
Other Income553854712217123033
Interest53524935231713121721203139
Depreciation23232318253631364450575661
Profit before tax26415-7551092531693815737512914
Tax %54%32%20%-102%41%35%33%33%39%25%25%31%
Net Profit14412-14327117011423118281900
EPS in Rs0.094.281.16-1.343.146.9016.6411.092.2611.4927.478.770.01
Dividend Payout %0%18%0%-30%51%27%12%18%0%19%9%17%

Thirumalai Chemicals Ltd Profit & Loss Yearly Chart

YoY Net Profit Growth
Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)4300.00%-72.73%-216.67%328.57%121.88%139.44%-32.94%-79.82%413.04%138.14%-67.97%
Change in YoY Net Profit Growth (%)0.00%-4372.73%-143.94%545.24%-206.70%17.56%-172.38%-46.88%492.87%-274.91%-206.11%

Thirumalai Chemicals Ltd Growth

Compounded Sales Growth
10 Years:5%
5 Years:10%
3 Years:25%
TTM:-13%
Compounded Profit Growth
10 Years:7%
5 Years:-12%
3 Years:59%
TTM:-116%
Stock Price CAGR
10 Years:40%
5 Years:28%
3 Years:42%
1 Year:49%
Return on Equity
10 Years:16%
5 Years:15%
3 Years:17%
Last Year:8%

Thirumalai Chemicals Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital10101010101010101010101010
Reserves1441892051832083885636586287931,0751,1821,203
Borrowings276305222142916250103197183165514987
Other Liabilities326289321212211327202370365358612654676
Total Liabilities7567937575475207868251,1411,2001,3431,8622,3602,875
Fixed Assets257249230243256317310383550513596671670
CWIP31187189441598212664406850
Investments555557710415049136180132342
Other Assets4915385032912413833674495195691,0221,1501,014
Total Assets7567937575475207868251,1411,2001,3431,8622,3602,875

Thirumalai Chemicals Ltd Reserves and Borrowings Chart

Thirumalai Chemicals Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -14191331541261088123414022140254
Cash from Investing Activity -13-0-15-19-32-44-54-221-36-159-134-335
Cash from Financing Activity 38-26-116-142-93-52-161646-38-70206
Net Cash Flow11-73-8012102915024198-75

Thirumalai Chemicals Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days897566525049333330292917
Inventory Days706774423882598469747476
Days Payable1178359389213953119123129141118
Cash Conversion Cycle42608256-3-839-2-24-26-39-25
Working Capital Days3553421912374-5-11-18-10
ROCE %15%25%14%7%24%33%49%26%7%20%35%11%

Thirumalai Chemicals Ltd Financial Efficiency Indicators Chart

Thirumalai Chemicals Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters41.90%41.90%41.90%41.98%41.98%41.98%41.98%42.01%42.07%42.16%42.17%41.98%
FIIs0.27%0.34%2.06%1.89%1.29%2.67%2.50%1.99%2.14%1.81%1.86%1.88%
DIIs0.01%0.02%0.02%0.02%0.02%0.02%0.01%0.01%0.01%0.10%0.16%0.17%
Government0.70%0.70%0.70%0.70%0.70%0.70%0.00%0.00%0.00%0.00%0.00%0.00%
Public57.13%57.05%55.33%55.42%56.01%54.64%55.50%55.99%55.78%55.93%55.81%55.98%
No. of Shareholders53,56863,16670,59679,55681,61878,18682,26181,99780,13778,53077,68576,903

Thirumalai Chemicals Ltd Shareholding Pattern Chart

No. of Thirumalai Chemicals Ltd Shareholders

Thirumalai Chemicals Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Motilal Oswal Nifty Microcap 250 Index Fund657600.231.44

Thirumalai Chemicals Ltd ROCE Trend

Thirumalai Chemicals Ltd EPS Trend

Thirumalai Chemicals Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)8.7727.4611.492.2611.09
Diluted EPS (Rs.)8.7727.4611.492.2611.09
Cash EPS (Rs.)14.2132.9916.336.5714.64
Book Value[Excl.RevalReserv]/Share (Rs.)116.40105.9678.4162.3265.22
Book Value[Incl.RevalReserv]/Share (Rs.)116.40105.9678.4162.3265.22
Revenue From Operations / Share (Rs.)208.23195.14106.03105.94123.15
PBDIT / Share (Rs.)21.1344.1822.229.6721.23
PBIT / Share (Rs.)15.6938.6517.395.3717.68
PBT / Share (Rs.)12.6436.6615.343.7316.49
Net Profit / Share (Rs.)8.7727.4611.492.2611.09
NP After MI And SOA / Share (Rs.)8.7727.4611.492.2611.09
PBDIT Margin (%)10.1422.6320.959.1217.23
PBIT Margin (%)7.5319.8016.395.0614.35
PBT Margin (%)6.0618.7814.473.5113.39
Net Profit Margin (%)4.2114.0710.832.139.00
NP After MI And SOA Margin (%)4.2114.0710.832.139.00
Return on Networth / Equity (%)7.5325.9114.653.6317.00
Return on Capital Employeed (%)10.7430.2917.086.1122.27
Return On Assets (%)3.8015.108.761.939.95
Long Term Debt / Equity (X)0.120.120.190.280.11
Total Debt / Equity (X)0.370.140.190.280.11
Asset Turnover Ratio (%)0.991.020.730.811.14
Current Ratio (X)1.221.861.901.661.40
Quick Ratio (X)0.841.421.471.170.81
Inventory Turnover Ratio (X)5.125.683.913.844.50
Dividend Payout Ratio (NP) (%)28.498.010.0088.3918.03
Dividend Payout Ratio (CP) (%)17.596.660.0030.4513.66
Earning Retention Ratio (%)71.5191.990.0011.6181.97
Cash Earning Retention Ratio (%)82.4193.340.0069.5586.34
Interest Coverage Ratio (X)6.9222.2110.885.8917.86
Interest Coverage Ratio (Post Tax) (X)3.8714.816.632.3810.33
Enterprise Value (Cr.)1656.342334.91725.01331.37929.80
EV / Net Operating Revenue (X)0.771.170.660.300.73
EV / EBITDA (X)7.665.163.193.354.28
MarketCap / Net Operating Revenue (X)0.821.360.800.330.72
Retention Ratios (%)71.5091.980.0011.6081.96
Price / BV (X)1.482.511.090.561.36
Price / Net Operating Revenue (X)0.821.360.800.330.72
EarningsYield0.050.100.130.060.12

Thirumalai Chemicals Ltd Profitability Ratios (%)

Thirumalai Chemicals Ltd Liquidity Ratios

Thirumalai Chemicals Ltd Liquidity Ratios (%)

Thirumalai Chemicals Ltd Interest Coverage Ratios (X)

Thirumalai Chemicals Ltd Valuation Ratios

Fair Value / Intrinsic Value of Thirumalai Chemicals Ltd

Fair Value: ₹140.28

The stock is overvalued by 44.33% compared to the current price ₹252

*Investments are subject to market risks

Strength and Weakness of Thirumalai Chemicals Ltd

StrengthWeakness
  1. The stock has a high average ROCE of 22.17%, which is a positive sign.
  2. The stock has a low average Working Capital Days of 12.42, which is a positive sign.
  3. The company has higher reserves (570.69 cr) compared to borrowings (253.62 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (73.38 cr) and profit (105.62 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 18.96 and average Dividend Yield of 12.63%.
  2. The stock has a high average Cash Conversion Cycle of 12.67, which may not be favorable.

Should I Buy Thirumalai Chemicals Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Thirumalai Chemicals Ltd:
    1. Net Profit Margin: 4.21%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 10.74% (Industry Average ROCE: 18.64%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. Interest Coverage Ratio (Post Tax): 3.87
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    4. Quick Ratio: 0.84
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    5. ✓ Stock P/E of N/A (Industry average Stock P/E: 37.86)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    6. ✓ Total Debt / Equity: 0.37
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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 Thirumalai 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