Thirumalai Chemicals Ltd.

BSE: TIRUMALCHM500412ISIN INE338A01024

Commodities
Commodity Chemicals
BSE 1000

Share price

₹125.35+6.25 (+5.25%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹285.85
52W low: ₹112.90
Off 52W high: -56.15%
1M return: -12.65%
3M return: -26.26%
6M return: -43.14%
1Y return: -55.44%
20D avg volume: 22,052
50 DMA: ₹146.01
200 DMA: ₹174.96

Key ratios Consolidated

Market cap: ₹1,511 Cr
Current price: ₹125.35
52W high / low: ₹285.85 / ₹112.90
Face value: ₹1.00
P/E: -9.97
P/B: 0.97
EPS (TTM): ₹-12.58
Book value / share: ₹129.65
ROE: —
ROCE: -3.30%
Operating margin: —
Net margin: —
Debt / equity: 1.34
Net debt: ₹2,029 Cr
Interest cover: -1.27
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: 19.8 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	546.67	424.25	415.85	445.37	450.05	523.06	446.65	525.14	554.66	526.52	491.90	542.05
	3.29	8.30	3.97	8.39	2.20	7.78	0.20	9.32	3.30	3.90	4.44	6.45
	549.96	432.55	419.82	453.76	452.25	530.84	446.85	534.46	557.96	530.42	496.34	548.50
	589.06	462.96	475.08	497.53	516.62	541.85	496.76	525.30	547.05	549.11	524.97	552.58
	427.78	258.20	326.50	383.92	365.22	370.84	322.71	440.88	418.35	384.60	443.03	433.32
	2.94	14.66	2.16	0.56	0.31	42.97	0.99	3.51	6.15	11.24	3.18	0.24
	19.42	21.03	19.62	23.97	24.31	21.13	25.35	22.06	19.93	19.72	17.63	21.94
	51.97	23.60	21.49	25.72	18.19	15.27	14.35	10.27	9.26	9.86	11.69	10.18
	22.99	21.28	22.65	22.79	21.64	18.35	15.54	13.39	13.82	16.53	15.39	15.78
	88.67	75.65	73.12	84.70	85.97	93.39	79.66	82.15	70.33	75.35	70.26	66.75
	-39.10	-30.41	-55.26	-43.77	-64.37	-11.01	-49.91	9.16	10.91	-18.69	-28.63	-4.08
	0.00	-7.98	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	-39.10	-38.39	-55.26	-43.77	-64.37	-11.01	-49.91	9.16	10.91	-18.69	-28.63	-4.08
	4.57	-10.39	-8.69	10.39	4.41	3.05	7.89	4.27	5.82	1.78	5.66	1.92
	-43.67	-28.00	-46.57	-33.38	-59.96	-14.06	-42.02	4.89	5.09	-20.47	-22.97	-6.00
	-3.62	-2.32	-3.92	-3.07	-5.86	-1.37	-4.10	0.48	0.50	-2.00	-2.24	-0.59
Key metrics
	35.86	6.49	-11.12	4.74	-24.54	22.61	-20.02	32.82	33.99	7.70	-1.55	21.88
	6.60%	1.50%	-2.70%	1.10%	-5.50%	4.30%	-4.50%	6.20%	6.10%	1.50%	-0.30%	4.00%
	-8.00%	-6.60%	-11.20%	-7.50%	-13.30%	-2.70%	-9.40%	0.90%	0.90%	-3.90%	-4.70%	-1.10%
	—	-0.40%	—	-0.50%	—	0.10%	—	—	—	—	—	—
	21.50%	-18.90%	-6.90%	-15.20%	-18.90%	-0.70%	-9.20%	-3.10%	—	—	—	—
	27.20%	-99.10%	-10.80%	-782.60%	-1,278.00%	31.30%	-82.90%	181.50%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	1,832	1,736	2,050	2,083	2,132	1,998
	23.95	18.71	20.60	19.34	30.15	11.59
	1,856	1,754	2,070	2,102	2,162	2,010
	2,025	1,948	2,111	2,137	2,033	1,634
	1,396	1,335	1,553	1,670	1,516	1,224
	20.32	17.69	46.60	16.13	2.62	4.04
	84.04	87.84	88.47	79.82	78.72	74.13
	122.78	89.00	49.15	41.71	31.25	20.37
	89.71	88.36	61.10	63.20	55.68	56.63
	322.14	315.24	325.53	288.27	336.16	285.25
	-168.54	-193.81	-40.85	-34.55	129.41	375.37
	-7.98	-7.98	0.00	0.00	0.00	0.00
	-176.52	-201.79	-40.85	-34.55	129.41	375.37
	-4.12	33.88	5.25	4.24	39.58	94.14
	-151.62	-167.91	-46.10	-38.79	89.83	281.23
	-12.93	-14.91	-4.50	-3.79	8.77	27.47
Key metrics
	35.97	-24.43	69.40	70.36	216.34	452.37
	1.96%	-1.40%	3.40%	3.40%	10.10%	22.60%
	-8.28%	-9.70%	-2.20%	-1.90%	4.20%	14.10%
	—	-3.30%	0.30%	—	—	—
	-5.80%	-15.30%	-1.60%	-2.30%	6.70%	—
	—	-264.20%	-18.80%	-143.20%	-68.10%	—
	—	-729.99	-678.94	—	—	—
	—	0.78	1.43	—	—	—
	—	1.34	1.48	—	—	—
	—	2,029	1,524	—	—	—
	—	19.8	-0.5	—	—	—
Balance sheet
	—	4,737	3,807	—	—	—
	—	796.76	961.01	—	—	—
	—	63.99	182.91	—	—	—
	—	197.00	198.99	—	—	—
	—	184.68	247.27	—	—	—
	—	139.60	139.72	—	—	—
	—	1,250	1,251	—	—	—
	—	287.07	448.43	—	—	—
	—	1,297	925.97	—	—	—
	—	2,093	1,707	—	—	—
	—	527.16	305.92	—	—	—
	—	1,566	1,401	—	—	—
	—	1,564	1,156	—	—	—
Cash flow
	—	-130.73	-66.04	—	—	—
	—	-600.28	-542.07	—	—	—
	—	602.87	374.77	—	—	—
	—	599.26	612.90	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	330.65	256.95	300.27	357.01	445.50	578.21	498.26	541.96	533.64	495.60	471.70	551.17
	9.76	8.61	7.20	14.86	7.03	16.46	5.28	5.76	3.70	7.34	4.50	18.66
	340.41	265.56	307.47	371.87	452.53	594.67	503.54	547.72	537.34	502.94	476.20	569.83
	321.59	283.98	343.56	389.39	470.71	549.65	515.26	514.59	499.26	496.80	477.34	553.58
	230.45	121.51	168.72	247.89	320.97	417.75	274.76	395.34	377.79	318.44	391.27	382.30
	5.20	58.72	63.94	60.19	66.00	42.97	0.99	3.51	6.15	11.24	3.18	0.24
	13.14	14.42	13.77	15.57	13.12	13.10	15.80	16.14	13.77	13.84	11.84	15.49
	24.05	20.66	19.68	20.21	16.38	15.62	12.94	8.26	7.66	8.81	9.04	12.82
	7.72	7.52	8.59	8.70	8.60	8.31	8.62	8.49	8.48	8.47	8.32	8.81
	57.56	38.85	54.03	56.02	51.26	56.05	63.12	54.58	48.07	54.16	48.64	52.84
	18.82	-18.42	-36.09	-17.52	-18.18	45.02	-11.72	33.13	38.08	6.14	-1.14	16.25
	0.00	-4.44	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	18.82	-22.86	-36.09	-17.52	-18.18	45.02	-11.72	33.13	38.08	6.14	-1.14	16.25
	4.61	12.03	8.67	-4.20	4.35	7.51	3.27	8.12	9.94	3.69	1.52	3.06
	14.21	-10.83	-27.42	-13.32	-13.83	37.51	-8.45	25.01	28.14	2.45	0.38	13.19
	1.18	-0.90	-2.31	-1.22	-1.35	3.66	-0.83	2.44	2.75	0.24	0.04	1.29
Key metrics
	50.59	5.32	-7.82	11.39	6.80	68.95	9.84	49.88	54.22	23.42	16.22	37.88
	15.30%	2.10%	-2.60%	3.20%	1.50%	11.90%	2.00%	9.20%	10.20%	4.70%	3.40%	6.90%
	4.30%	-4.20%	-9.10%	-3.70%	-3.10%	6.50%	-1.70%	4.60%	5.30%	0.50%	0.10%	2.40%
	—	-0.10%	—	0.10%	—	3.80%	—	—	—	—	—	—
	-25.80%	-55.60%	-39.70%	-34.10%	-16.50%	16.70%	5.60%	-1.70%	—	—	—	—
	202.70%	-128.90%	-224.50%	-153.30%	-149.10%	1,431.00%	-2,323.70%	89.60%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	1,245	1,360	2,152	1,987	1,847	1,438
	40.43	33.55	31.20	38.02	44.26	14.73
	1,285	1,393	2,183	2,025	1,892	1,453
	1,339	1,483	2,079	1,976	1,735	1,248
	768.57	863.10	1,670	1,451	1,277	959.18
	188.05	248.85	46.60	16.13	2.62	4.04
	56.90	55.79	58.81	55.81	56.28	51.94
	84.60	76.93	44.48	43.57	33.62	18.18
	32.53	33.41	33.90	34.18	30.03	31.98
	206.46	193.09	221.82	210.21	243.94	198.23
	-53.21	-90.21	104.51	48.41	156.31	204.59
	-4.44	-4.44	0.00	—	—	—
	-57.65	-94.65	104.51	48.41	156.31	204.59
	21.11	-29.25	22.30	12.11	36.78	52.28
	-37.36	-65.40	82.21	36.30	119.53	152.31
	-3.25	-5.81	8.03	3.54	11.67	14.88
Key metrics
	59.48	15.69	182.89	126.16	219.96	254.75
	4.78%	1.20%	8.50%	6.30%	11.90%	17.70%
	-3.00%	-4.80%	3.80%	1.80%	6.50%	10.60%
	—	-0.90%	9.30%	—	—	—
	-39.68%	-36.80%	8.30%	7.60%	28.50%	—
	-192.84%	-179.60%	126.50%	-69.60%	-21.50%	—
	—	-223.27	102.51	—	—	—
	—	3.14	1.27	—	—	—
	—	0.51	0.47	—	—	—
	—	736.86	455.39	—	—	—
	—	67.0	-1.1	—	—	—
Balance sheet
	—	2,504	2,141	—	—	—
	—	613.86	589.86	—	—	—
	—	23.06	63.76	—	—	—
	—	327.46	234.21	—	—	—
	—	104.84	163.23	—	—	—
	—	24.30	26.73	—	—	—
	—	365.79	384.78	—	—	—
	—	182.36	403.88	—	—	—
	—	478.24	532.37	—	—	—
	—	759.92	519.15	—	—	—
	—	270.38	92.14	—	—	—
	—	489.54	427.01	—	—	—
	—	1,498	1,107	—	—	—
Cash flow
	—	-205.62	104.80	—	—	—
	—	-479.75	-485.42	—	—	—
	—	643.95	281.20	—	—	—
	—	17.65	-2.29	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: -9.71%
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): -39.68%
Profit YoY (TTM): -192.84%

Consolidated

Sales CAGR 3Y: -6.63%
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): -5.80%
Profit YoY (TTM): -36.41%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 37.16%

Quarter	September 2026	June 2026
Promoter %	37.16%	37.15%

Holder	Type	Holding	Previous	Change
Ultramarine And Pigments Ltd	Promoter Group	18.23%	18.23%	0.00%
Jasmine Limited	Promoter Group	5.62%	5.62%	0.00%
MOTILAL OSWAL SMALL CAP FUND	Public	4.14%	6.79%	-2.65%
Sujata Sampath Family Trust	Promoter Group	2.45%	2.45%	0.00%
Sampath Family Trust	Promoter Group	2.45%	2.45%	0.00%
R Parthasarathy Family Trust	Promoter Group	2.00%	2.00%	0.00%
Bhooma Parthasarathy Family Trust	Promoter Group	1.95%	1.95%	0.00%
NILESH KISHOR SHAH HUF	Public	1.65%	—	—
Indira Sundararajan	Promoter Group	1.56%	1.56%	0.00%
AJAY UPADHYAYA	Public	1.20%	1.20%	0.00%
ICICI PRUDENTIAL MULTI CAP FUND	Public	1.17%	—	—
RAJIV MADHUKANT DOSHI	Public	1.14%	—	—
Tara Parthasarathy Family Trust	Promoter Group	0.61%	0.61%	0.00%
Meera Parthasarathy Family Trust	Promoter Group	0.57%	0.57%	0.00%
S Vidya	Promoter Group	0.40%	0.40%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
SRF Ltd.	72,390	2,442.10	31.71	14.60%	+19.67% TTM	+41.11% TTM	-16.95%
Tata Chemicals Ltd	15,364	603.10	-7.80	-3.20%	+2.04% TTM	-484.21% TTM	-32.42%
Deepak Fertilizers &Petrochemicals	14,420	1,142.30	14.64	11.30%	+13.63% TTM	-0.40% TTM	-24.04%
TANFAC Industries Ltd. S	7,565	3,496.70	108.86	25.40%	+12.84% TTM	-26.13% TTM	+83.56%
Gujarat Narmada Valley Fert.Co.Ltd	6,919	470.85	6.58	10.40%	+22.49% TTM	+65.41% TTM	-5.09%
Gujarat Alkalis & Chemicals Ltd.	4,180	569.25	63.01	1.60%	+7.07% TTM	+293.05% TTM	+0.93%
GHCL Ltd.	3,750	407.00	7.94	16.90%	-3.75% TTM	-24.30% TTM	-33.98%
Grauer & Weil (India) Ltd.	3,386	74.67	21.79	19.40%	+9.54% TTM	+2.85% TTM	-10.83%
J.G.Chemicals Limited	2,248	573.65	24.61	17.00%	+38.97% TTM	+40.27% TTM	+34.08%
IG Petrochemicals Ltd	1,801	584.85	22.06	3.10%	-0.88% TTM	+34.56% TTM	+42.72%
Thirumalai Chemicals Ltd.	1,511	125.35	-9.97	-3.30%	-5.80% TTM	-36.41% TTM	-55.44%
INNOVASSYNTH TECHNOLOGIES (INDIA) LIMITED	1,438	154.85	—	-1.80%	—	+25.35% TTM	—
Indo Borax & Chemicals Ltd.	1,400	436.40	24.87	17.10%	+29.69% TTM	+45.54% TTM	+71.47%
Citurgia Biochemicals Ltd. S	1,353	102.45	—	-77.10%	—	—	—
TGV SRAAC LIMITED S	1,257	117.35	9.07	12.60%	+7.60% TTM	+18.27% TTM	-1.10%
The Andhra Sugars Ltd.	1,166	86.06	—	6.40%	—	—	+12.01%
Vikram Thermo (India) Ltd. S	1,068	340.55	23.04	32.50%	+23.54% TTM	+39.73% TTM	+90.62%
Sree Rayalaseema Hi-Strength Hypo Limited	847	493.65	9.23	11.60%	+7.42% TTM	+0.61% TTM	-10.44%
Amines & Plasticizers Ltd	823	149.50	21.33	17.50%	-12.40% TTM	-3.04% TTM	-30.32%
OCCL Limited S	805	161.15	10.76	12.70%	+40.17% TTM	+116.24% TTM	+41.92%
Sadhana Nitrochem Ltd.	710	2.34	-12.25	-11.90%	-24.31% TTM	-176.17% TTM	—
Transpek Industry Ltd.	697	1,248.00	17.88	7.90%	-5.24% TTM	-29.13% TTM	-12.86%
TUTICORIN ALKALI CHEMICALS AND FERTILIZERS LIMITED S	588	48.25	20.98	14.70%	+17.80% TTM	-11.18% TTM	-30.13%
Primo Chemicals Limited	514	21.19	45.05	7.10%	-2.75% TTM	+12.65% TTM	-8.03%
Blue Pearl Agriventures Limited S	446	7.40	370.00	2.20%	+2.83% TTM	+82.76% TTM	-91.07%

Filings & corporate actions

Recent announcements

Thirumalai Chemicals Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 05/11/2026 ,inter alia, to consider and approve un-audited financial statements ....1 Nov 2026 · Board Meeting / Board Meeting
Disclosure under Regulation 31A(8)(a) of SEBI (Listing Obligation and Disclosures Requirements), Regulations, 201527 Oct 2026 · Others
Details of audit observation from Customs Authority is attached.22 Oct 2026 · Company Update / General
Please find attached the confirmation certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018.15 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Details of show cause notice is attached.1 Oct 2026 · Company Update / General
Details of Show Cause Notice is attached.30 Sep 2026 · Company Update / General
Please find attached the corrigendum to intimation regarding outcome of Fund Raising Committee submitted on September 30, 2026.30 Sep 2026 · Company Update / General
Please find enclosed the outcome of meeting of Fund Raising Committee of the Board of Directors held on September 30, 2026.30 Sep 2026 · Company Update / General
Closure of Trading Window for the quarter ended September 30, 202628 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Please find enclosed the outcome of meeting of the Fund Raising Committee of the Board of Directors held on August 30, 2026.30 Aug 2026 · Company Update / General
Please find enclosed herewith the intimation with respect to resignation of Statutory Auditors in Material Subsidiary of the Company.29 Aug 2026 · Company Update / General
Details of show cause notice received under Section 74 of the CGST Act, 2017 along with observation of the Company is attached.19 Aug 2026 · Company Update / General
Please find attaced the details of credit rating revision for the Company.13 Aug 2026 · Company Update / Credit Rating
Please find attached the Copy of proceeding, e-voting results and Scrutiniser report of 53rd AGM held on August 07, 20267 Aug 2026 · AGM/EGM / AGM
Please find attached the Copy of proceeding, e-voting results and Scrutiniser report of 53rd AGM held on August 07, 20267 Aug 2026 · AGM/EGM / AGM
Please find attached the Copy of proceeding, e-voting results and scrutinizer report of 53rd AGM of the Company held on August 07, 20267 Aug 2026 · AGM/EGM / AGM
Corporate Presentation for the quarter ended June 30, 20267 Aug 2026 · Company Update / General
Newspaper advertisement with respect to the Un-audited Financial Results for the quarter ended June 30, 20265 Aug 2026 · Company Update / Newspaper Publication
Please find attached un-audited financial results for the quarter ended June 30, 20264 Aug 2026 · Result / Financial Results
Please find attached Statement of Deviation and Variation in utilization of funds raised through preferencial issue for the quarter ended June 30, 20264 Aug 2026 · Company Update / Reg. 32 (1), (3) - Statement of Deviation & Variation
Please find attached the unaudited financial results for the quarter ended June 30, 20264 Aug 2026 · Board Meeting / Outcome of Board Meeting
The details of show cause notice received under Section 73 of the CGST Act, 2017 along with observation of the Company is attached.31 Jul 2026 · Company Update / General
Thirumalai Chemicals Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 04/08/2026 ,inter alia, to consider and approve Un-Audited Financial Results ....29 Jul 2026 · Board Meeting / Board Meeting
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Motilal Oswal Small Cap Fund & Others20 Jul 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Compliance Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 201815 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Please find attached Newspaper Publication of AGM Notice13 Jul 2026 · Company Update / Newspaper Publication
Please find enclosed the BRSR report for year ended March 31, 2026.12 Jul 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Please find attached Annual Report of the Company for the Financial Year 2025-2611 Jul 2026 · Others / Reg. 34 (1) Annual Report
Closure of Trading Window27 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Please find attached Scrutinizers report for the resolution passed by way of postal ballot on Friday June 12, 2026.13 Jun 2026 · AGM/EGM / Postal Ballot
Please find attached outcome of Postal Ballot along with Scrutinizers report.12 Jun 2026 · AGM/EGM / Postal Ballot
Intimation of Credit Rating received from ICRA Limited10 Jun 2026 · Company Update / Credit Rating
Please find attached newspaper publication by the Company regarding Audited Financial Results for the quarter and year ended March 31, 20262 Jun 2026 · Company Update / Newspaper Publication
Annual Secretarial Compliance Report for year ended March 31, 202630 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Please find attahed statement of deviation and variation in utilization of funds raised through prresential issue for the quarter ended March 31, 202630 May 2026 · Company Update / Reg. 32 (1), (3) - Statement of Deviation & Variation
Please find attached the financial results for the year ended March 31, 202630 May 2026 · Result / Financial Results
Outcome of Board Meeting30 May 2026 · Board Meeting / Outcome of Board Meeting
Thirumalai Chemicals Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/05/2026 ,inter alia, to consider and approve the Audited Financial ....26 May 2026 · Board Meeting / Board Meeting
Newspaper Advertisement - Postal Ballot14 May 2026 · Company Update / Newspaper Publication
Notice of Postal Ballot13 May 2026 · AGM/EGM / Postal Ballot

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 1.0000	16 Jul 2024	—	—

Board meetings

5 Nov 2026 Board Meeting - Financial Results
4 Aug 2026 Board Meeting - Financial Results