Thirumalai Chemicals Ltd
NSE: TIRUMALCHM · Commodity Chemicals · sector
₹118.37NSE close 2026-10-26
Key numbers
Market cap₹1,428 cr
Price₹118.37
52w high / low₹294 / ₹118
P/E–Sector median 15.2x
P/B0.9xSector median 1.3x
Book value₹129.7
Dividend yield–Sector median 0.84%
ROE-11.2%Sector median 7.2%
ROCE-1.5%Sector median 9.4%
OPM0.7%Sector median 8.6%
Debt / equity1.34xSector median 0.25x
EV/EBITDA271.1xSector median 11.6x
Interest cover-0.4x
Current ratio0.61x
Sales growth 3y-6.6%Sector median +1.0%
Profit growth 3y–Sector median -11.1%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 70 companies in Commodity Chemicals (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹262 cr vs borrowings ₹2,093 cr (FY26): borrowings are higher by ₹1,831 cr.
- Borrowings rose in each of the last 3 years (₹441 cr → ₹2,093 cr).
- Operating profit covered interest -0.4x in the last 12 months.
- No promoter shares are pledged.
- Promoter holding rose by 1.00 percentage points in a year, to 37.13% (2026-09-30).
- Operating cash flow was below net profit in 2 of the last 5 years (FY25, FY23).
- Net loss in 7 of the last 8 quarters.
- Revenue was higher than a year earlier in 1 of the last 4 quarters.
- Dividend paid in 4 of the last 5 financial years.
- Price ₹118.37 on 2026-10-26: -59.7% from the 52-week high, 0.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹380.90 · low ₹118.37
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 525 | 447 | 523 | 450 | 445 | 416 | 424 | 547 |
| EBITDA | 24 | -20 | 15 | -27 | -4 | -15 | -2 | 33 |
| OPM % | 4.5% | -4.5% | 2.8% | -5.9% | -0.8% | -3.6% | -0.4% | 6.0% |
| Other income | 9 | 0 | 8 | 2 | 8 | 4 | 8 | 3 |
| Net profit | 5 | -42 | -14 | -60 | -33 | -47 | -28 | -44 |
| EPS (₹) | 0.48 | -4.10 | -1.37 | -5.86 | -3.07 | -3.92 | -2.32 | -3.62 |
| Revenue YoY | -15.2% | -6.9% | -18.9% | +21.5% | ||||
| Profit YoY | -782.6% | – | – | – |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 1,998 | 2,132 | 2,083 | 2,050 | 1,736 | 1,832 |
| EBITDA | 441 | 186 | 51 | 49 | -43 | 12 |
| Net profit | 281 | 90 | -39 | -46 | -168 | -152 |
| EPS (₹) | 27.47 | 8.77 | -3.79 | -4.50 | -14.91 | -12.93 |
| Revenue growth | +6.7% | -2.3% | -1.6% | -15.3% | -5.8% | |
| Profit growth | -68.1% | -143.2% | – | – | – | |
| Dividend / share (₹) | 2.20 | 2.50 | 1.50 | 1.00 | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -6.6% | +9.8% | -5.8% |
| Net profit | – | – | – |
| EPS | – | – | – |
| Share price | – | -34.6% (2y) | -54.0% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 1,192 | 1,146 | 1,156 | 1,564 |
| Borrowings | – | 441 | 1,163 | 1,707 | 2,093 |
| Cash & equivalents | – | 545 | 633 | 357 | 262 |
| Total assets | – | 2,360 | 3,320 | 3,807 | 4,737 |
| Fixed assets | – | 563 | 592 | 1,251 | 1,250 |
| Capital work in progress | – | 406 | 1,200 | 1,352 | 2,518 |
| Investments | – | 132 | 139 | 200 | 154 |
| Receivables | – | 102 | 183 | 199 | 197 |
| Inventory | – | 319 | 251 | 247 | 185 |
| Payables | – | 497 | 516 | 448 | 287 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 402 | 54 | 237 | -66 | -131 |
| Cash from investing | -139 | -359 | -823 | -542 | -600 |
| Cash from financing | -70 | 206 | 643 | 375 | 603 |
| Capex | 74 | 363 | 811 | 613 | 599 |
| Free cash flow | 329 | -309 | -574 | -679 | -730 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 7.5% | -3.4% | -4.0% | -10.7% |
| ROCE % | – | 9.8% | 0.3% | 0.3% | -3.1% |
| Debtor days | – | 17 | 32 | 35 | 41 |
| Inventory days | – | 76 | 55 | 57 | 49 |
| Payable days | – | 118 | 113 | 103 | 77 |
| Cash conversion cycle (days) | – | -25 | -26 | -11 | 13 |
| Working capital days | – | 32 | 18 | 6 | -105 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 37.13% |
| FIIs | 1.39% |
| DIIs | 6.72% |
| of which Mutual funds | 6.11% |
| of which Insurance | 0.00% |
| Government | 0.00% |
| Public (non-institutions) | 54.75% |
| Quarter | Jun 2025 | Aug 2025 | Sep 2025 | Dec 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 41.87% | 36.13% | 36.13% | 37.13% | 37.13% | 37.13% | 37.13% | 37.13% |
| Promoter group | % |
|---|---|
| Ultramarine And Pigments Ltd | 18.23% |
| Jasmine Limited | 5.62% |
| Sampath Family Trust | 2.45% |
| Sujata Sampath Family Trust | 2.45% |
| R Parthasarathy Family Trust | 2.00% |
| Bhooma Parthasarathy Family Trust | 1.95% |
| Indira Sundararajan | 1.56% |
| Tara Parthasarathy Family Trust | 0.61% |
| Meera Parthasarathy Family Trust | 0.57% |
| S Vidya | 0.40% |
| Varadarajan Santhanam | 0.36% |
| Ramya Bharathram | 0.30% |
| Parthasarathy Rangaswamy | 0.18% |
| Bhooma Parthasarathy | 0.09% |
| Narayan Santhanam | 0.07% |
| Public holders above 1% | % |
|---|---|
| Motilal Oswal Small CAP Fund | 4.14% |
| Nilesh Kishor Shah HUF | 1.65% |
| Ajay Upadhyaya | 1.20% |
| ICICI Prudential Multi CAP Fund | 1.17% |
| Rajiv Madhukant Doshi | 1.14% |
58,355 shareholders. Pledged: 0.00% of promoter shares.
Peers in Commodity Chemicals
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| SRF | ₹69,362 cr | 30.4x | 4.5x | 16.0% | 15.2% | 21.4% | +373.5% | 0.38% |
| TATACHEM | ₹15,184 cr | – | 0.7x | -10.1% | -4.2% | -1.6% | -4.6% | 1.84% |
| DEEPAKFERT | ₹14,422 cr | 14.7x | 2.1x | 15.1% | 13.6% | 16.7% | +0.6% | 0.89% |
| GNFC | ₹7,634 cr | 7.4x | 0.8x | 11.7% | 15.2% | 14.8% | -8.7% | 3.41% |
| TANFACIND | ₹4,989 cr | 66.3x | 13.4x | 19.7% | 20.5% | 15.5% | +23.8% | – |
| GUJALKALI | ₹4,043 cr | 60.9x | 0.8x | 1.2% | 3.6% | 11.3% | -1.2% | 2.88% |
| GRAUWEIL | ₹3,537 cr | 22.1x | 3.3x | 15.9% | 19.6% | 15.3% | +6.8% | 0.64% |
| GHCL | ₹3,486 cr | 6.7x | 1.0x | 14.9% | 19.9% | 24.8% | -12.3% | 3.29% |
| JGCHEM | ₹2,190 cr | 29.1x | 4.1x | 15.1% | 19.8% | 8.9% | – | 0.18% |
| TIRUMALCHM | ₹1,428 cr | – | 0.9x | -11.2% | -1.5% | 0.7% | -6.6% | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2024-07-16 | Dividend | Annual General Meeting/Dividend - Rs Re 1 Per Share |
| 2023-07-14 | Dividend | Annual General Meeting/Dividend - Rs 1.50 Per Share |
| 2022-07-19 | Dividend | Annual General Meeting/Dividend - Rs 2.50 Per Share |
| 2021-07-13 | Dividend | Annual General Meeting/Dividend - Rs 2.20 Per Share |
| 2020-07-30 | Other | Annual General Meeting |
| 2019-07-17 | Dividend | Annual General Meeting/Dividend - Rs 2 Per Share |
| 2018-08-14 | Split | Face Value Split (Sub-Division) - From Rs 10/- Per Share To Re 1/- Per Share |
| 2018-07-16 | Dividend | Annual General Meeting/Dividend- Rs 20 Per Share |
| 2017-07-13 | Dividend | Annual General Meeting/Dividend - Rs 18.75 Per Share |
| 2016-07-21 | Other | Annual Gemeral Meeting |
| 2016-03-17 | Dividend | Interim Dividend - Rs 6/- Per Share (Purpose Revised) |
| 2015-11-03 | Dividend | Interim Dividend - Rs 4/- Per Share (Purpose Revised) |
| 2015-07-24 | Dividend | Annual General Meeting/ Dividend - Rs 4/- Per Share |
| 2014-07-24 | Other | Annual General Meeting |
| 2013-06-27 | Dividend | Annual General Meeting / Final Dividend - Rs 2.50/- Per Equity Share |
| 2013-02-07 | Dividend | Interim Dividend Rs 5 Per Share (Purpose Revised) |
| 2012-07-03 | Other | Annual General Meeting |
| 2011-07-15 | Other | Annual General Meeting |
| 2010-07-23 | Dividend | Dividend Rs 5 Per Share |
| 2009-09-09 | Other | Annual General Meeting Bc Dates Revised |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacture of petrochemicals (excluding fertilizers and nitrogen compounds): Manufacturing, distribution, sales and marketing of petrochemicals except fertilizers and nitrogen compounds
| Sector | Commodities |
| Industry | Commodity Chemicals |
| Sub-industry | Commodity Chemicals |
| Symbol | TIRUMALCHM |
| BSE code | 500412 |
| ISIN | INE338A01024 |
| Face value | ₹1.0 |
| Incorporated | 1972-11-27 |
| Website | www.thirumalaichemicals.com |
| Plants (India / abroad) | 2 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.