Thirumalai Chemicals
TIRUMALCHM NSE
Thirumalai Chemicals
CommoditiesNSE: TIRUMALCHM BSE: 500412 Chemicals & Petrochemicals
Key Fundamentals
MicrocapCommodity ChemicalsChemicalsMarket Cap
₹1,874 Cr
Volatility
Moderate
P/E Ratio
-12.5
EBITDA
₹-16.50 Cr
Return on Equity
-10.74%
Debt to Equity
1.39
Book Value
₹129.7
EPS
₹0
52W High
₹328.8
52W Low
₹143.5
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Weaknesses
6- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 9.84% over past five years.
- Company has a low return on equity of -6.73% over last 3 years.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.16.0 Cr.
- Promoter holding has decreased over last 3 years: -5.03%
Growth Rate
Revenue Growth
-15.26% lower than
3Y
Net Income Growth
264% lower than
3Y
Cash Flow Change
-98.44% higher than
3Y
ROE
169% higher than
3Y
ROCE
—
EBITDA Margin (Avg.)
-128% level than
3Y
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 523 | 542 | 492 | 527 | 555 | 525 | 447 | 523 | 450 | 445 | 416 | 424 | 547 |
| Expenses | 485 | 527 | 498 | 523 | 524 | 502 | 467 | 508 | 477 | 449 | 431 | 418 | 514 |
| Operating Profit | 38 | 15 | -6 | 4 | 31 | 24 | -20 | 15 | -27 | -4 | -15 | 6 | 33 |
| OPM % | 7% | 2.9% | -1.2% | 0.7% | 6% | 4.5% | -4.5% | 2.8% | -6% | -0.8% | -3.6% | 1.4% | 6% |
| Other Income | 5 | 6 | 4 | 4 | 3 | 9 | 0 | 8 | 2 | 8 | 4 | 0 | 3 |
| Interest | 10 | 10 | 12 | 10 | 9 | 10 | 14 | 15 | 18 | 26 | 21 | 24 | 52 |
| Depreciation | 16 | 16 | 15 | 17 | 14 | 13 | 16 | 18 | 22 | 23 | 23 | 21 | 23 |
| PBT | 17 | -4 | -29 | -19 | 11 | 9 | -50 | -11 | -64 | -44 | -55 | -38 | -39 |
| Tax % | 37% | 47% | -20% | 10% | 53% | 47% | -16% | 28% | -7% | -24% | -16% | -27% | 12% |
| Net Profit | 11 | -6 | -23 | -20 | 5 | 5 | -42 | -14 | -60 | -33 | -47 | -28 | -44 |
| EPS in Rs | 1.04 | -0.59 | -2.24 | -2 | 0.5 | 0.48 | -4.1 | -1.37 | -5.86 | -2.81 | -3.86 | -2.32 | -3.62 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,070 | 940 | 1,028 | 1,312 | 1,261 | 1,085 | 1,086 | 1,998 | 2,132 | 2,083 | 2,050 | 1,736 | 1,832 |
| Expenses | 1,032 | 842 | 871 | 1,022 | 1,055 | 1,007 | 865 | 1,557 | 1,946 | 2,032 | 2,001 | 1,771 | 1,812 |
| Operating Profit | 38 | 98 | 158 | 290 | 206 | 78 | 221 | 441 | 186 | 51 | 49 | -35 | 20 |
| OPM % | 3.6% | 10% | 15% | 22% | 16% | 7% | 20% | 22% | 9% | 2.5% | 2.4% | -2% | 1.1% |
| Other Income | 8 | 5 | 4 | 7 | 12 | 21 | 7 | 12 | 30 | 19 | 21 | 11 | 16 |
| Interest | 35 | 23 | 17 | 13 | 12 | 17 | 21 | 20 | 31 | 42 | 49 | 89 | 123 |
| Depreciation | 18 | 25 | 36 | 31 | 36 | 44 | 50 | 57 | 56 | 63 | 61 | 88 | 90 |
| PBT | -7 | 55 | 109 | 253 | 169 | 38 | 157 | 375 | 129 | -35 | -41 | -202 | -177 |
| Tax % | 102% | 41% | 35% | 33% | 33% | 39% | 25% | 25% | 31% | 12% | 13% | -17% | — |
| Net Profit | -14 | 32 | 71 | 170 | 114 | 23 | 118 | 281 | 90 | -39 | -46 | -168 | -152 |
| EPS in Rs | -1.34 | 3.14 | 6.9 | 16.64 | 11.09 | 2.26 | 11.49 | 27.47 | 8.77 | -3.79 | -4.5 | -13.93 | -12.61 |
| Div. Payout % | -30% | 51% | 27% | 12% | 18% | 0% | 19% | 9% | 17% | -26% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 12 |
| Reserves | 183 | 208 | 388 | 563 | 658 | 628 | 793 | 1,075 | 1,182 | 1,136 | 1,145 | 1,552 |
| Borrowings | 142 | 91 | 62 | 50 | 103 | 197 | 183 | 165 | 514 | 1,252 | 1,786 | 2,175 |
| Other Liabilities | 212 | 211 | 327 | 202 | 370 | 365 | 358 | 612 | 654 | 922 | 867 | 1,000 |
| Total Liabilities | 547 | 520 | 786 | 825 | 1,141 | 1,200 | 1,343 | 1,862 | 2,360 | 3,320 | 3,808 | 4,738 |
| Fixed Assets | 243 | 256 | 317 | 310 | 383 | 550 | 513 | 596 | 671 | 712 | 1,251 | 1,251 |
| CWIP | 7 | 18 | 9 | 44 | 159 | 82 | 126 | 64 | 406 | 1,200 | 1,352 | 2,518 |
| Investments | 5 | 5 | 77 | 104 | 150 | 49 | 136 | 180 | 132 | 173 | 200 | 154 |
| Other Assets | 291 | 241 | 383 | 367 | 449 | 519 | 569 | 1,022 | 1,150 | 1,236 | 1,005 | 814 |
| Total Assets | 547 | 520 | 786 | 825 | 1,141 | 1,200 | 1,343 | 1,862 | 2,360 | 3,320 | 3,808 | 4,738 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 154 | 126 | 108 | 81 | 234 | 140 | 221 | 402 | 54 | 237 | -66 | -131 |
| Investing | -19 | -32 | -44 | -54 | -221 | -36 | -159 | -134 | -335 | -824 | -531 | -591 |
| Financing | -142 | -93 | -52 | -16 | 16 | 46 | -38 | -70 | 206 | 643 | 375 | 603 |
| Net Cash Flow | -8 | 0 | 12 | 10 | 29 | 150 | 24 | 198 | -75 | 56 | -223 | -119 |
| Free Cash Flow | 132 | 98 | 85 | 22 | 41 | 38 | 160 | 329 | -308 | -574 | -676 | -730 |
| CFO/OP | 422 | 147 | 91 | 57 | 137 | 190 | 118 | 108 | 66 | 480 | -90 | 384 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 52 | 50 | 49 | 33 | 33 | 30 | 29 | 29 | 17 | 32 | 35 | 41 |
| Inventory Days | 42 | 38 | 82 | 59 | 84 | 69 | 74 | 74 | 76 | 55 | 57 | 50 |
| Days Payable | 38 | 92 | 139 | 53 | 119 | 123 | 129 | 141 | 118 | 113 | 103 | 77 |
| Cash Conversion Cycle | 56 | -3 | -8 | 39 | -2 | -24 | -26 | -39 | -25 | -26 | -11 | 14 |
| Working Capital Days | -8 | -15 | -5 | 37 | 4 | -5 | -19 | -23 | -61 | -93 | -57 | -160 |
| ROCE % | 7% | 24% | 33% | 49% | 26% | 7% | 20% | 35% | 11% | 0% | 0% | -3% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Thirumalai Chemicals insights
57 extracted metrics + investor summaries across FY15–FY26.
Documents
1
Loan Agreement- Disclosure Under The Regulation 30 Of The SEBI (LODR) Regulations, 2015
30 Apr - Thirumalai Chemicals entered a Rs65 crore unsecured loan agreement with Ultramarine & Pigments Limited for 3 years at 10%. 30 Apr - Thirumalai Chemicals entered a Rs65 crore unsecured loan agreement with Ultramarine & Pigments Limited for 3 years at 10%.
2
Loan Agreement- Disclosure Under The Regulation 30 Of The SEBI (LODR) Regulations, 2015
30 Apr - Thirumalai Chemicals entered a Rs65 crore unsecured loan agreement with Ultramarine & Pigments Limited for 3 years at 10%. 30 Apr - Thirumalai Chemicals entered a Rs65 crore unsecured loan agreement with Ultramarine & Pigments Limited for 3 years at 10%.
3
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
13 Apr - Thirumalai Chemicals says it is not a Large Corporate under SEBI circular dated October 19, 2023. 13 Apr - Thirumalai Chemicals says it is not a Large Corporate under SEBI circular dated October 19, 2023.
4
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Apr - Certificate under Regulation 74(5) of SEBI (Depositories and Participants), Regulations, 2018 9 Apr - Certificate under Regulation 74(5) of SEBI (Depositories and Participants), Regulations, 2018
5
Closure of Trading Window
27 Mar - Trading window closed Apr 1, 2026 until 48 hours after audited results for quarter/year ended Mar 31, 2026. 27 Mar - Trading window closed Apr 1, 2026 until 48 hours after audited results for quarter/year ended Mar 31, 2026.
1
Announcement Under Regulation 30 Of SEBI (LODR) - Outcome Of Fund Raising Committee Meeting 30 Aug 2026
General_Announcements
3
Announcement Under Regulation 30 (LODR) - Show Cause Notice Received Under Section 74 Of The CGST Act 2017 19 Aug 2026
General_Announcements
Frequently Asked Questions about Thirumalai Chemicals
What does Thirumalai Chemicals Ltd do?
Thirumalai Chemicals Ltd is a part of the Thirumalai Group, which has business interests in chemicals, surfactants, pigments and education. The Company’s principal activities are manufacturing and selling chemicals such as PAN, DEP etc. [1][2]
Where is Thirumalai Chemicals Ltd (TIRUMALCHM) listed?
Thirumalai Chemicals Ltd trades as TIRUMALCHM on the NSE and under code 500412 on the BSE.
Which sector does Thirumalai Chemicals Ltd belong to?
Thirumalai Chemicals Ltd is classified under the Commodities sector, in the Chemicals & Petrochemicals industry.
What is the market capitalisation of Thirumalai Chemicals Ltd?
Thirumalai Chemicals Ltd has a market capitalisation of ₹1,874 Cr, which places it in the Small Cap band.
What is the PE ratio of Thirumalai Chemicals Ltd?
Thirumalai Chemicals Ltd trades at a PE ratio of -12.50, on earnings per share of ₹0, against a book value of ₹129.7 per share.
What is the 52-week high and low of Thirumalai Chemicals Ltd?
Over the last 52 weeks Thirumalai Chemicals Ltd has traded between ₹143.5 and ₹328.8.
Does Thirumalai Chemicals Ltd pay dividends?
Thirumalai Chemicals Ltd has a dividend yield of 0.63%.
What is the Return on Equity (ROE) of Thirumalai Chemicals Ltd?
Thirumalai Chemicals Ltd reported a return on equity of -10.74%. Its debt-to-equity ratio is 1.39.
Company Information
Thirumalai Chemicals Ltd is a part of the Thirumalai Group, which has business interests in chemicals, surfactants, pigments and education. The Company’s principal activities are manufacturing and selling chemicals such as PAN, DEP etc. [1][2]
Website thirumalaichemicals.com
CEO Mr. Rangaswamy Parthasarathy B.Tech., M.S.
Employees 533
Listed 2003-05-14
Face Value ₹ 1
Issued Size 11,86,56,160
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