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    Thirumalai Chemicals Limited

    Ranipet-based manufacturer of Phthalic Anhydride and food acids (Malic, Fumaric), expanding to Malaysia and the USA

    Chemicals
    Commodities
    ₹167
    -14.13% from avg

    Overview

    Price

    ₹167

    Market Cap

    ₹2.0k Cr

    Sector

    Chemicals

    Commodities

    Rank

    5

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital1010101010101212
    Reserves6287931.1k1.2k1.1k1.1k1.5k1.6k
    Borrowings1971831655141.3k1.8k2.1k2.2k
    Other Liabilities3653586126549228677271.0k
    Total Liabilities1.2k1.3k1.9k2.4k3.3k3.8k4.3k4.7k
    AssetsFixed Assets5505135966717121.3k1.3k1.3k
    CWIP82126644061.2k1.4k1.7k2.5k
    Investments49136180132173200210154
    Other Assets5195691.0k1.1k1.2k1.0k1.1k814
    Total Assets1.2k1.3k1.9k2.4k3.3k3.8k4.3k4.7k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating23414022140254237-66-131
    Cash from Investing-221-36-159-134-335-824-531-591
    Cash from Financing1646-38-70206643375603
    SummaryCapital Expenditure
    Free Cash Flow4138160329-308-574-676-730
    FCF Margin

    Valuation

    Too capital-hungry for an earnings DCF

    For capital-heavy businesses (telecom, power, heavy manufacturing) reported profit ignores the cash needed just to stand still. We'd systematically overvalue it, so we don't show a number.

    TIRUMALCHM · CAPITAL_INTENSIVE

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