About
Thirumalai Chemicals Limited manufactures and sells organic chemicals in India and internationally. It offers phthalic anhydride, maleic anhydride, malic acid, fumaric acid, diethyl phthalate, and fine chemicals and derivatives, as well as generates and sells wind power. The company was founded in 1944 and is based in Chennai, India.
Key Metrics
as of Sep 2026Market Cap1,893 Cr
P/E—
Div Yield0.00 %
Book Value₹130.00
52w High₹329.00
52w Low₹144.00
Face Value₹1.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 547.00 | 424.00 | 416.00 | 445.00 | 450.00 | 523.00 | 447.00 | 525.00 | 555.00 | 527.00 | 492.00 | 542.00 | 523.00 |
| Expenses | 514.00 | 418.00 | 431.00 | 449.00 | 477.00 | 508.00 | 467.00 | 502.00 | 524.00 | 523.00 | 498.00 | 527.00 | 485.00 |
| Operating Profit | 33.00 | 6.00 | -15.00 | -4.00 | -27.00 | 15.00 | -20.00 | 24.00 | 31.00 | 4.00 | -6.00 | 15.00 | 38.00 |
| OPM % | 6.00 | 1.40 | -3.60 | -0.80 | -6.00 | 2.80 | -4.50 | 4.50 | 6.00 | 0.70 | -1.20 | 2.90 | 7.00 |
| Other Income | 3.00 | 0.00 | 4.00 | 8.00 | 2.00 | 8.00 | 0.00 | 9.00 | 3.00 | 4.00 | 4.00 | 6.00 | 5.00 |
| Depreciation | 23.00 | 21.00 | 23.00 | 23.00 | 22.00 | 18.00 | 16.00 | 13.00 | 14.00 | 17.00 | 15.00 | 16.00 | 16.00 |
| Interest | 52.00 | 24.00 | 21.00 | 26.00 | 18.00 | 15.00 | 14.00 | 10.00 | 9.00 | 10.00 | 12.00 | 10.00 | 10.00 |
| Profit before tax | -39.00 | -38.00 | -55.00 | -44.00 | -64.00 | -11.00 | -50.00 | 9.00 | 11.00 | -19.00 | -29.00 | -4.00 | 17.00 |
| Tax % | 12.00 | -27.00 | -16.00 | -24.00 | -7.00 | 28.00 | -16.00 | 47.00 | 53.00 | 10.00 | -20.00 | 47.00 | 37.00 |
| Net Profit | -44.00 | -28.00 | -47.00 | -33.00 | -60.00 | -14.00 | -42.00 | 5.00 | 5.00 | -20.00 | -23.00 | -6.00 | 11.00 |
| EPS in Rs | -3.62 | -2.32 | -3.86 | -2.81 | -5.86 | -1.37 | -4.10 | 0.48 | 0.50 | -2.00 | -2.24 | -0.59 | 1.04 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,736.00 | 2,050.00 | 2,083.00 | 2,132.00 | 1,998.00 | 1,086.00 | 1,085.00 | 1,261.00 | 1,312.00 | 1,028.00 | 940.00 | 1,070.00 |
| Expenses | 1,771.00 | 2,001.00 | 2,032.00 | 1,946.00 | 1,557.00 | 865.00 | 1,007.00 | 1,055.00 | 1,022.00 | 871.00 | 842.00 | 1,032.00 |
| Operating Profit | -35.00 | 49.00 | 51.00 | 186.00 | 441.00 | 221.00 | 78.00 | 206.00 | 290.00 | 158.00 | 98.00 | 38.00 |
| OPM % | -2.00 | 2.40 | 2.50 | 9.00 | 22.00 | 20.00 | 7.00 | 16.00 | 22.00 | 15.00 | 10.00 | 3.60 |
| Other Income | 11.00 | 21.00 | 19.00 | 30.00 | 12.00 | 7.00 | 21.00 | 12.00 | 7.00 | 4.00 | 5.00 | 8.00 |
| Interest | 89.00 | 49.00 | 42.00 | 31.00 | 20.00 | 21.00 | 17.00 | 12.00 | 13.00 | 17.00 | 23.00 | 35.00 |
| Depreciation | 88.00 | 61.00 | 63.00 | 56.00 | 57.00 | 50.00 | 44.00 | 36.00 | 31.00 | 36.00 | 25.00 | 18.00 |
| Profit before tax | -202.00 | -41.00 | -35.00 | 129.00 | 375.00 | 157.00 | 38.00 | 169.00 | 253.00 | 109.00 | 55.00 | -7.00 |
| Tax % | -17.00 | 13.00 | 12.00 | 31.00 | 25.00 | 25.00 | 39.00 | 33.00 | 33.00 | 35.00 | 41.00 | 102.00 |
| Net Profit | -168.00 | -46.00 | -39.00 | 90.00 | 281.00 | 118.00 | 23.00 | 114.00 | 170.00 | 71.00 | 32.00 | -14.00 |
| EPS in Rs | -13.93 | -4.50 | -3.79 | 8.77 | 27.47 | 11.49 | 2.26 | 11.09 | 16.64 | 6.90 | 3.14 | -1.34 |
| Dividend Payout % | 0.00 | 0.00 | -26.00 | 17.00 | 9.00 | 19.00 | 0.00 | 18.00 | 12.00 | 27.00 | 51.00 | -30.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 12.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Reserves | 1,552.00 | 1,145.00 | 1,136.00 | 1,182.00 | 1,075.00 | 793.00 | 628.00 | 658.00 | 563.00 | 388.00 | 208.00 | 183.00 |
| Borrowings | 2,175.00 | 1,786.00 | 1,252.00 | 514.00 | 165.00 | 183.00 | 197.00 | 103.00 | 50.00 | 62.00 | 91.00 | 142.00 |
| Other Liabilities | 1,000.00 | 867.00 | 922.00 | 654.00 | 612.00 | 358.00 | 365.00 | 370.00 | 202.00 | 327.00 | 211.00 | 212.00 |
| Total Liabilities | 4,738.00 | 3,808.00 | 3,320.00 | 2,360.00 | 1,862.00 | 1,343.00 | 1,200.00 | 1,141.00 | 825.00 | 786.00 | 520.00 | 547.00 |
| Fixed Assets | 1,251.00 | 1,251.00 | 712.00 | 671.00 | 596.00 | 513.00 | 550.00 | 383.00 | 310.00 | 317.00 | 256.00 | 243.00 |
| CWIP | 2,518.00 | 1,352.00 | 1,200.00 | 406.00 | 64.00 | 126.00 | 82.00 | 159.00 | 44.00 | 9.00 | 18.00 | 7.00 |
| Investments | 154.00 | 200.00 | 173.00 | 132.00 | 180.00 | 136.00 | 49.00 | 150.00 | 104.00 | 77.00 | 5.00 | 5.00 |
| Other Assets | 814.00 | 1,005.00 | 1,236.00 | 1,150.00 | 1,022.00 | 569.00 | 519.00 | 449.00 | 367.00 | 383.00 | 241.00 | 291.00 |
| Total Assets | 4,738.00 | 3,808.00 | 3,320.00 | 2,360.00 | 1,862.00 | 1,343.00 | 1,200.00 | 1,141.00 | 825.00 | 786.00 | 520.00 | 547.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -131.00 | -66.00 | 237.00 | 54.00 | 402.00 | 221.00 | 140.00 | 234.00 | 81.00 | 108.00 | 126.00 | 154.00 |
| Cash from Investing Activity | -591.00 | -531.00 | -824.00 | -335.00 | -134.00 | -159.00 | -36.00 | -221.00 | -54.00 | -44.00 | -32.00 | -19.00 |
| Cash from Financing Activity | 603.00 | 375.00 | 643.00 | 206.00 | -70.00 | -38.00 | 46.00 | 16.00 | -16.00 | -52.00 | -93.00 | -142.00 |
| Net Cash Flow | -119.00 | -223.00 | 56.00 | -75.00 | 198.00 | 24.00 | 150.00 | 29.00 | 10.00 | 12.00 | 0.00 | -8.00 |
| Free Cash Flow | -730.00 | -676.00 | -574.00 | -308.00 | 329.00 | 160.00 | 38.00 | 41.00 | 22.00 | 85.00 | 98.00 | 132.00 |
| CFO/OP % | 384.00 | -90.00 | 480.00 | 66.00 | 108.00 | 118.00 | 190.00 | 137.00 | 57.00 | 91.00 | 147.00 | 422.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 41.00 | 35.00 | 32.00 | 17.00 | 29.00 | 29.00 | 30.00 | 33.00 | 33.00 | 49.00 | 50.00 | 52.00 |
| Inventory Days | 50.00 | 57.00 | 55.00 | 76.00 | 74.00 | 74.00 | 69.00 | 84.00 | 59.00 | 82.00 | 38.00 | 42.00 |
| Days Payable | 77.00 | 103.00 | 113.00 | 118.00 | 141.00 | 129.00 | 123.00 | 119.00 | 53.00 | 139.00 | 92.00 | 38.00 |
| Cash Conversion Cycle | 14.00 | -11.00 | -26.00 | -25.00 | -39.00 | -26.00 | -24.00 | -2.00 | 39.00 | -8.00 | -3.00 | 56.00 |
| Working Capital Days | -160.00 | -57.00 | -93.00 | -61.00 | -23.00 | -19.00 | -5.00 | 4.00 | 37.00 | -5.00 | -15.00 | -8.00 |
| ROCE % | -3.00 | 0.00 | 0.00 | 11.00 | 35.00 | 20.00 | 7.00 | 26.00 | 49.00 | 33.00 | 24.00 | 7.00 |
Corporate Actions
27 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 16 Jul 2024 | — | — | 1.00 | |
| Other | 16 Jul 2024 | — | — | — | Annual General Meeting/Dividend - Rs Re 1 Per Share |
| Dividend | 14 Jul 2023 | — | — | 1.50 | |
| Dividend | 19 Jul 2022 | — | — | 2.50 | |
| Dividend | 13 Jul 2021 | — | — | 2.20 | |
| Other | 30 Jul 2020 | — | — | — | Annual General Meeting |
| Dividend | 17 Jul 2019 | — | — | 2.00 | |
| Split | 14 Aug 2018 | 17 Aug 2018 | 10:1 | — | |
| Dividend | 16 Jul 2018 | — | — | 20.00 | |
| Dividend | 13 Jul 2017 | — | — | 18.75 | |
| Other | 21 Jul 2016 | — | — | — | Annual Gemeral Meeting |
| Dividend | 17 Mar 2016 | 19 Mar 2016 | — | 6.00 | |
| Dividend | 03 Nov 2015 | 04 Nov 2015 | — | 4.00 | |
| Dividend | 24 Jul 2015 | — | — | 4.00 | |
| Other | 24 Jul 2014 | — | — | — | Annual General Meeting |
| Dividend | 27 Jun 2013 | — | — | 2.50 | |
| Other | 27 Jun 2013 | — | — | — | Annual General Meeting / Final Dividend - Rs 2.50/- Per Equity Share |
| Dividend | 07 Feb 2013 | 08 Feb 2013 | — | 5.00 | |
| Other | 03 Jul 2012 | — | — | — | Annual General Meeting |
| Other | 15 Jul 2011 | — | — | — | Annual General Meeting |
| Dividend | 23 Jul 2010 | — | — | 5.00 | |
| Other | 09 Sep 2009 | — | — | — | Annual General Meeting Bc Dates Revised |
| Dividend | 04 Jul 2008 | — | — | 10.00 | NSE/BSE dividend mismatch: NSE=1.0; BSE=10.0 |
| Dividend | 04 Jul 2008 | — | — | 1.00 | NSE/BSE dividend mismatch: NSE=1.0; BSE=10.0 |
| Dividend | 28 Jun 2007 | — | — | 9.00 | |
| Dividend | 07 Jul 2006 | — | — | 6.50 | |
| Dividend | 12 Aug 2005 | — | — | 0.60 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update13 Aug from icra
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Rating update9 Jun from icra
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Rating update16 Apr from fitch
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Rating update12 Jan from icra
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Rating update25 Nov 2025 from icra
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Rating update26 Aug 2025 from icra