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NSE:TIRUMALCHM

THIRUMALAI CHEMICALS LTD

Chemicals › Chemicals & Petrochemicals
₹117.75
at close · 28 Oct 2026
▲ 0.35 (+0.30%)

Latest filings

  1. Promoter group members seek reclassification as public shareholders · Ownership Changes
  2. Customs authority seeks Rs. 24.52 lakh over export benefits · Regulatory & Legal
  3. Quarterly dematerialisation confirmation certificate filed with exchanges · Compliance
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Makes Phthalic Anhydride, Malic Acid and Fumaric Acid at its Indian operations, and is commissioning Maleic Anhydride and Food Ingredients through a greenfield plant in West Virginia, USA being set up by step-down subsidiary TCL Specialties LLC. Consolidated FY26 revenue was Rs 1,735.52 crore; on a standalone basis revenue dropped 37% to Rs 1,35,973 lakhs, with management attributing the decline to weak global demand, pricing pressure and geopolitical challenges. Materials make up 76.9% of revenue, the dominant input cost, followed by other operating expenses at 18.2%, employee costs at 5.1% and depreciation at 5.1%. The US build-out, alongside Indian capacity, drives a heavy investment cycle, with capex running at 34.5% of revenue in FY26. Indian operations have shifted from furnace oil to piped natural gas.

Operating scale
Workforce
477 employees and 315 workersFY26
Export footprint
33 countries, 14.29% of salesFY26
US plant
TCL Specialties LLC greenfield facility in West Virginia, USA producing Maleic Anhydride and Food IngredientsFY26
Fuel switch
Indian operations shifted from furnace oil to piped natural gasFY26
Who pays it
Industrial buyers in India and across 33 export countries
Biggest cost
Raw materials (76.9% of revenue)
Kind of business
Asset-heavy commodity chemicals with high capex intensity and exposure to global pricing cycles
Where it sits
Indian commodity chemicals manufacturer in the Chemicals & Petrochemicals industry, expanding capacity in the US via a greenfield plant in West Virginia
Market Cap
₹1,420 Cr
P / E (TTM)
—
EV / EBITDA
95.9×
Div Yield
—
Growth
9.8%▲
Revenue 5y CAGR
PAT — · EBITDA —
Quality
0.3%·
ROCE (5y median)
ROE -3.4% (5y median) · margin -1.4%
Leverage
1.34·
Debt / Equity · moderate
Net debt ₹2,029 Cr
Revenue FY21→FY26
1.6×▲
Margin −20.5 pts
₹1,086 Cr → ₹1,736 Cr
Cash conversion
4.20×▲
Operating cash ÷ profit · 5 yrs
₹497 Cr on ₹118 Cr
Moves on a normal day
1.57%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 66 Commodity Chemicals peersBar = share of peers beaten · tick = industry median · latest reported figures
P/B#24/60
ROCE#58/62
ROE#54/60
Debt / Equity#52/60
EBITDA margin#41/58
Revenue growth#15/54
Profit growth#31/64

Scorecard

Measured from the filed financials, judged against its Commodity Chemicals peers · as of FY26 — not investment advice

Strengths
Over 5 years it reported ₹118 Cr of profit and ₹497 Cr of operating cash — 4.20×
Profit is converting into cash
Concerns
Erratic profits — up in only 1 of the last 5 years
Returns on capital 0.3% (5-year median)
#58 of 62 in Commodity Chemicals on the latest reported figures · down from 17.1% in FY21
Carries more debt than its peers — 1.34× equity
higher than 86% of its 60 Commodity Chemicals peers

Charts

How has the market priced it — with filings on the timeline?

TIRUMALCHM · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from THIRUMALAI CHEMICALS LTD's filed financials and exchange disclosures

What does THIRUMALAI CHEMICALS LTD do?

THIRUMALAI CHEMICALS LTD is a Chemicals & Petrochemicals company listed on NSE and BSE, trading under the symbol TIRUMALCHM.

Is THIRUMALAI CHEMICALS LTD profitable?

No. Over the trailing twelve months THIRUMALAI CHEMICALS LTD reported a net loss of ₹152 Cr on revenue of ₹1,832 Cr.

Does THIRUMALAI CHEMICALS LTD pay a dividend?

Not in the latest reported year — THIRUMALAI CHEMICALS LTD's dividend payout for FY26 was nil.

Is THIRUMALAI CHEMICALS LTD debt-free?

No. It reported borrowings of ₹2,093 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹2,029 Cr after cash. Debt stands at 1.34× equity. That is higher than 86% of its 60 Commodity Chemicals peers.

How much does the THIRUMALAI CHEMICALS LTD share price move in a day?

On a typical session THIRUMALAI CHEMICALS LTD moves 1.57% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

Where can I track THIRUMALAI CHEMICALS LTD's announcements?

Every NSE and BSE filing by THIRUMALAI CHEMICALS LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.