About
Tirupati Starch and Chemicals Limited manufactures and sells starch, dextrose anhydrous, liquid glucose, and other products in India. The company offers maize starch powder, dextrose monohydrate, modified starch, white and yellow dextrin, hydrol, grit, IP starch, husk, and corn gluten and gem products. It serves food, poultry, paper, textiles, pharma and cosmetics, automobiles, and bioplastic industries. The company also exports its products. Tirupati Starch and Chemicals Limited was incorporated in 1985 and is based in Dhar, India.
Key Metrics
as of Sep 2026Market Cap125 Cr
P/E22.00
Div Yield0.00 %
Book Value₹70.00
52w High₹219.00
52w Low₹115.00
Face Value₹10.00
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 | 91.63 | 89.86 | 91.94 | 89.23 | 92.23 | 97.50 | 99.22 | 103.27 | 86.23 | 82.48 | 86.79 | 61.60 | 75.25 |
| Expenses | 86.39 | 82.05 | 86.00 | 84.99 | 85.47 | 93.78 | 85.83 | 98.25 | 83.64 | 75.56 | 81.14 | 57.68 | 71.13 |
| Operating Profit | 5.24 | 7.81 | 5.94 | 4.24 | 6.76 | 3.72 | 13.39 | 5.02 | 2.59 | 6.92 | 5.65 | 3.92 | 4.12 |
| OPM % | 5.72 | 8.69 | 6.46 | 4.75 | 7.33 | 3.82 | 13.50 | 4.86 | 3.00 | 8.39 | 6.51 | 6.36 | 5.48 |
| Other Income | 0.12 | 0.10 | 2.13 | 0.37 | 0.13 | 3.89 | -0.10 | 0.13 | 0.10 | 0.13 | 0.12 | 0.06 | 0.08 |
| Depreciation | 1.89 | 2.13 | 2.11 | 2.01 | 2.18 | 1.83 | 2.01 | 2.08 | 1.93 | 2.37 | 2.10 | 1.87 | 1.41 |
| Interest | 2.44 | 2.28 | 2.43 | 2.54 | 2.98 | 2.80 | 2.49 | 2.75 | 2.67 | 3.52 | 2.50 | 1.96 | 2.12 |
| Profit before tax | 1.03 | 3.50 | 3.53 | 0.06 | 1.73 | 2.98 | 8.79 | 0.32 | -1.91 | 1.16 | 1.17 | 0.15 | 0.67 |
| Tax % | 24.27 | 30.29 | 30.31 | 100.00 | 5.78 | 48.32 | 15.70 | -106.25 | 8.90 | 52.59 | 10.26 | 80.00 | 17.91 |
| Net Profit | 0.78 | 2.44 | 2.46 | 0.01 | 1.62 | 1.54 | 7.41 | 0.66 | -2.08 | 0.55 | 1.06 | 0.04 | 0.55 |
| EPS in Rs | 0.81 | 2.54 | 2.57 | 0.01 | 1.69 | 1.61 | 7.73 | 0.69 | -2.17 | 0.57 | 1.11 | 0.05 | 0.68 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|
| Sales | 363.00 | 386.00 | 306.00 | 364.00 |
| Expenses | 338.00 | 361.00 | 285.00 | 343.00 |
| Operating Profit | 25.00 | 25.00 | 21.00 | 21.00 |
| OPM % | 7.00 | 6.00 | 7.00 | 6.00 |
| Other Income | 3.00 | 4.00 | 0.00 | 1.00 |
| Interest | 10.00 | 11.00 | 10.00 | 8.00 |
| Depreciation | 8.00 | 8.00 | 8.00 | 6.00 |
| Profit before tax | 9.00 | 10.00 | 3.00 | 8.00 |
| Tax % | 27.00 | 26.00 | 31.00 | 14.00 |
| Net Profit | 6.00 | 8.00 | 2.00 | 7.00 |
| EPS in Rs | 6.74 | 7.85 | 2.28 | 8.12 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|
| Equity Capital | 10.00 | 10.00 | 10.00 | 8.00 |
| Reserves | 58.00 | 51.00 | 44.00 | 38.00 |
| Borrowings | 110.00 | 136.00 | 154.00 | 90.00 |
| Other Liabilities | 33.00 | 34.00 | 19.00 | 33.00 |
| Total Liabilities | 210.00 | 230.00 | 227.00 | 169.00 |
| Fixed Assets | 134.00 | 98.00 | 93.00 | 55.00 |
| CWIP | 0.00 | 40.00 | 27.00 | 46.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 76.00 | 92.00 | 107.00 | 68.00 |
| Total Assets | 210.00 | 230.00 | 227.00 | 169.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|
| Cash from Operating Activity | 42.00 | 49.00 | -34.00 | 23.00 |
| Cash from Investing Activity | -7.00 | -26.00 | -32.00 | -25.00 |
| Cash from Financing Activity | -35.00 | -24.00 | 59.00 | 9.00 |
| Net Cash Flow | 0.00 | -1.00 | -7.00 | 8.00 |
| Free Cash Flow | 35.00 | 22.00 | -65.00 | -3.00 |
| CFO/OP % | 174.00 | 198.00 | -159.00 | 116.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|
| Debtor Days | 30.00 | 37.00 | 41.00 | 33.00 |
| Inventory Days | 50.00 | 54.00 | 83.00 | 19.00 |
| Days Payable | 28.00 | 24.00 | 13.00 | 30.00 |
| Cash Conversion Cycle | 53.00 | 68.00 | 111.00 | 22.00 |
| Working Capital Days | -12.00 | -5.00 | 23.00 | -2.00 |
| ROCE % | 10.00 | 10.00 | 8.00 | — |
Corporate Actions
2 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Other | 14 Jan 2022 | — | — | — | E.G.M. |
| Other | 05 Feb 2021 | — | — | — | E.G.M. |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
-
Rating update24 Feb from smera
-
Rating update26 Nov 2024 from smera
-
Rating update26 Aug 2024 from smera
-
Rating update22 Jan 2024 from smera
-
Rating update3 Jan 2024 from smera
-
Rating update6 Oct 2022 from smera