Thirumalai Chemicals Limited (TIRUMALCHM) AI Stock Analysis

• Market Cap: ₹28.38B
• Dividend Yield: 0.38%
• Average Volume (3M): 8.80K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.17
• Revenue Growth: -8.05%
• EPS Growth: -150.62%
• Country: IN
• Employees: 537
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals - Specialty
• EPS (TTM): N/A
• Shares Outstanding: 102,388,120
• 10 Day Avg. Volume: 9,314
• 30 Day Avg. Volume: 8,801
• 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: 46 Neutral
• Price Target: ₹272.00 ▼(-1.47% Downside)

The overall stock score is primarily impacted by the company's financial challenges, including declining profitability and cash flow issues. Technical indicators also suggest a bearish trend, while valuation metrics highlight concerns with negative earnings and low dividend yield.

Thirumalai Chemicals Limited Business Overview & Revenue Model

Company Description

Thirumalai Chemicals Limited (TIRUMALCHM) is a leading manufacturer in the specialty chemicals sector, primarily focused on producing a diverse range of chemicals including phthalic anhydride, maleic anhydride, and other derivatives. Established in India, the company operates in multiple sectors such as textiles, plastics, and coatings, catering to both domestic and international markets. TIRUMALCHM is known for its commitment to quality and innovation, driving advancements in chemical manufacturing processes.

How the Company Makes Money

Thirumalai Chemicals Limited generates revenue through the production and sale of specialty chemicals, with key revenue streams coming from its core products like phthalic anhydride and maleic anhydride. The company benefits from a diverse customer base that spans various industries, including textiles, automotive, and construction, which helps stabilize its income amidst market fluctuations. Additionally, TIRUMALCHM may engage in long-term contracts with major clients, ensuring consistent demand for its products. Strategic partnerships with other chemical manufacturers and distributors also play a crucial role in expanding its market reach and enhancing its revenue potential.

Thirumalai Chemicals Limited Financial Statement Overview

Summary

Thirumalai Chemicals Limited faces significant financial challenges with declining revenue and profitability, increased leverage, and cash flow issues. These factors pose risks to its financial stability.

Income Statement

Thirumalai Chemicals Limited experienced volatility in its income statement over the years. The company showed a declining revenue trend from 2023 to 2025, with a notable drop in profitability. The net profit margin turned negative in 2024 and 2025, indicating operational challenges. Despite a strong gross profit margin in earlier years, recent margins reflect increased cost pressures and reduced operational efficiency.

Balance Sheet

The balance sheet reveals a moderate financial position. The debt-to-equity ratio has increased over the years, suggesting higher leverage and potential risk. However, the equity ratio remains relatively stable, indicating a balanced asset structure. The return on equity has declined significantly, reflecting reduced profitability and returns for shareholders.

Cash Flow

The cash flow statements highlight cash management issues, with negative free cash flow in recent years due to high capital expenditures. The operating cash flow has turned negative, straining liquidity and cash reserves. The negative operating cash flow to net income ratio in the latest period underscores the company's challenge in converting profits into cash.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	19.45B	20.50B	20.72B	21.20B	19.97B	10.85B
Gross Profit	3.90B	4.63B	3.87B	6.01B	7.65B	4.16B
EBITDA	150.00K	488.00M	645.40M	2.16B	4.52B	2.28B
Net Income	-1.11B	-461.00M	-387.90M	898.30M	2.81B	1.18B
Balance Sheet
Total Assets	0.00	38.07B	33.20B	23.60B	18.62B	13.43B
Cash, Cash Equivalents and Short-Term Investments	1.83B	1.86B	4.49B	4.59B	5.54B	3.25B
Total Debt	0.00	17.86B	12.52B	5.14B	1.65B	1.83B
Total Liabilities	-11.56B	26.51B	21.74B	11.68B	7.77B	5.40B
Stockholders Equity	11.56B	11.56B	11.46B	11.92B	10.85B	8.03B
Cash Flow
Free Cash Flow	0.00	-6.79B	-5.74B	-3.09B	3.29B	1.60B
Operating Cash Flow	0.00	-658.80M	2.37B	541.30M	4.02B	2.21B
Investing Cash Flow	0.00	-5.42B	-8.31B	-3.59B	-1.39B	-1.57B
Financing Cash Flow	0.00	3.75B	6.43B	2.06B	-699.80M	-379.70M

Thirumalai Chemicals Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 276.05
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:TIRUMALCHM, the sentiment is Negative. The current price of 276.05 is below the 20-day moving average (MA) of 279.38, below the 50-day MA of 292.99, and above the 200-day MA of 272.64, indicating a bearish trend. The MACD of -3.98 indicates Positive momentum. The RSI at 31.94 is Neutral, neither overbought nor oversold. The STOCH value of 17.77 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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	₹33.22B	31.89	―	1.97%	-8.66%	-17.79%
IGPL	64 Neutral	₹12.62B	38.83	―	2.50%	-10.71%	-40.89%
PUNJABCHEM	64 Neutral	₹16.00B	30.60	―	0.24%	10.70%	32.65%
TATVA	64 Neutral	₹35.66B	201.06	―	0.07%	16.88%	0.69%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
IOLCP	56 Neutral	₹26.62B	25.34	―	0.88%	2.73%	-11.40%
TIRUMALCHM	46 Neutral	₹28.38B	―	―	0.38%	-8.05%	-150.62%

Thirumalai Chemicals Limited Corporate Events

Thirumalai Chemicals Announces Postal Ballot for Equity Issue

Thirumalai Chemicals Limited has announced the completion of dispatching the Notice of Postal Ballot to its members, as published in prominent newspapers. The company is seeking approval for a special resolution to issue equity shares through a preferential issue on a private placement basis. This move is part of the company’s strategic efforts to raise capital and enhance its financial positioning, potentially impacting its market standing and providing opportunities for investors.

Thirumalai Chemicals Seeks Shareholder Approval for Equity Issuance

Thirumalai Chemicals Limited has announced a postal ballot seeking shareholder approval for a special resolution to issue equity shares through a preferential issue on a private placement basis. This move is part of the company’s strategy to raise capital, potentially impacting its market positioning by enhancing its financial resources for growth and expansion.

Thirumalai Chemicals Confirms Compliance with SEBI Regulations

Thirumalai Chemicals Limited has submitted a confirmation certificate to the stock exchanges in compliance with Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. This certificate confirms that the securities received for dematerialization during the quarter ended September 30, 2025, have been processed and listed on the relevant stock exchanges. This compliance ensures the company’s adherence to regulatory requirements, potentially strengthening its market position and maintaining trust with stakeholders.

Thirumalai Chemicals Releases Corporate Presentation for Stakeholders

Thirumalai Chemicals Limited has announced the release of a corporate presentation as part of its compliance with Regulation 30 of the SEBI Listing Regulations. This presentation, which will be available on the company’s website, is intended to provide stakeholders with updated information about the company’s operations and strategic direction, potentially impacting its market positioning and investor relations.