Thirumalai Chemicals Limited (TIRUMALCHM) AI Stock Analysis

• Market Cap: ₹19.90B
• Dividend Yield: 0.43%
• Average Volume (3M): 8.18K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.09
• Revenue Growth: -11.11%
• EPS Growth: -340.74%
• Country: IN
• Employees: 537
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals - Specialty
• EPS (TTM): -3.92
• Shares Outstanding: 120,552,770
• 10 Day Avg. Volume: 7,979
• 30 Day Avg. Volume: 8,178
• PEG Ratio: -2.87
• Price to Book (P/B): 2.14
• Price to Sales (P/S): 1.21
• P/FCF Ratio: -3.65
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 45 Neutral
• Price Target: ₹178.00 ▼(-24.00% Downside)
• Action: Reiterated Date: 03/19/26
• Date: Action: Reiterated 03/19/26

The score is primarily held down by weak financial performance—declining revenue, recent losses, and negative operating/free cash flow—along with a technically weak setup (below key moving averages and negative MACD). Valuation is only slightly supportive because the negative P/E is driven by losses and dividend yield data is unavailable.

Positive Factors

Diversified product portfolio

Thirumalai's mix of high-volume anhydrides and value-added downstreams gives structural resilience. Commodity lines provide steady volume while fumaric/malic acids offer higher-margin niches, enabling margin improvement opportunities and product-mix optimization over the medium term.

Negative Factors

Declining revenue trend

Sustained revenue declines reduce operating scale and pricing leverage, pressuring fixed-cost absorption and margins. Continued top-line contraction can impair reinvestment capacity, customer retention efforts, and medium-term competitiveness in core anhydride and derivative markets.

Thirumalai Chemicals Limited Business Overview & Revenue Model

Company Description

Thirumalai Chemicals Limited manufactures and sells organic chemicals in India. It offers phthalic anhydride, maleic anhydride, malic acid, fumaric acid, and diethyl phthalate; and generates power from wind operated generators, as well as engineer...

Read more

Thirumalai Chemicals Limited manufactures and sells organic chemicals in India. It offers phthalic anhydride, maleic anhydride, malic acid, fumaric acid, and diethyl phthalate; and generates power from wind operated generators, as well as engineer...

How the Company Makes Money

Thirumalai Chemicals makes money primarily by manufacturing and selling chemical intermediates and derivatives to industrial customers. Its key revenue streams typically come from (1) sales of phthalic anhydride, a high-volume intermediate used in...

Read more

Thirumalai Chemicals makes money primarily by manufacturing and selling chemical intermediates and derivatives to industrial customers. Its key revenue streams typically come from (1) sales of phthalic anhydride, a high-volume intermediate used in...

Thirumalai Chemicals Limited Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	18.65B	20.50B	20.72B	21.20B	19.97B	10.85B
Gross Profit	3.55B	4.63B	3.87B	6.01B	7.65B	4.16B
EBITDA	-280.65M	488.00M	645.40M	2.16B	4.52B	2.28B
Net Income	-1.49B	-461.00M	-387.90M	898.30M	2.81B	1.18B
Balance Sheet
Total Assets	43.45B	38.07B	33.20B	23.60B	18.62B	13.43B
Cash, Cash Equivalents and Short-Term Investments	3.70B	1.86B	4.49B	4.59B	5.54B	3.25B
Total Debt	20.86B	17.86B	12.52B	5.14B	1.65B	1.83B
Total Liabilities	28.12B	26.51B	21.74B	11.68B	7.77B	5.40B
Stockholders Equity	15.32B	11.56B	11.46B	11.92B	10.85B	8.03B
Cash Flow
Free Cash Flow	-6.28B	-6.79B	-5.74B	-3.09B	3.29B	1.60B
Operating Cash Flow	-2.68B	-658.80M	2.37B	541.30M	4.02B	2.21B
Investing Cash Flow	-3.50B	-5.42B	-8.31B	-3.59B	-1.39B	-1.57B
Financing Cash Flow	6.18B	3.75B	6.43B	2.06B	-699.80M	-379.70M

Thirumalai Chemicals Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 234.20
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:TIRUMALCHM, the sentiment is Positive. The current price of 234.2 is above the 20-day moving average (MA) of 174.37, above the 50-day MA of 189.82, and below the 200-day MA of 253.73, indicating a neutral trend. The MACD of -6.11 indicates Negative momentum. The RSI at 48.02 is Neutral, neither overbought nor oversold. The STOCH value of 31.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:TIRUMALCHM.

Thirumalai Chemicals Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FCL	75 Outperform	₹21.96B	23.71	―	0.65%	-10.12%	-22.38%
IGPL	66 Neutral	₹10.30B	-28.19	―	2.59%	-10.71%	-40.89%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
IOLCP	60 Neutral	₹21.35B	29.38	―	0.97%	5.74%	16.06%
PUNJABCHEM	56 Neutral	₹10.87B	26.88	―	0.24%	10.70%	32.65%
TATVA	53 Neutral	₹24.58B	51.39	―	0.07%	16.88%	0.69%
TIRUMALCHM	45 Neutral	₹19.90B	-15.05	―	0.43%	-11.11%	-340.74%

Thirumalai Chemicals Limited Corporate Events