Thirumalai Chemicals Ltd (TIRUMALCHM) — shareholding pattern, promoter holding, financials and share price
About Thirumalai Chemicals Ltd (TIRUMALCHM)
Thirumalai Chemicals Ltd operates in the Commodity Chemicals industry, within the Chemicals sector. It trades on the NSE as TIRUMALCHM and on the BSE under scrip code 500412. Its ISIN is INE338A01024.
Thirumalai Chemicals Ltd is a part of the Thirumalai Group, which has business interests in chemicals, surfactants, pigments and education. The Company’s principal activities are manufacturing and selling chemicals such as PAN, DEP etc. [1] [2]
Thirumalai Chemicals Ltd. is an integrated Indian specialty chemicals manufacturer producing phthalic anhydride, maleic anhydride, fumaric and malic acids, food-grade ingredients and downstream derivatives from manufacturing hubs in Ranipet, Dahej, Malaysia and a new greenfield facility in the USA, selling into plastics, resins, food, pharma and coatings markets across Europe, North America, Asia and Africa.
The company has materially expanded capacity with a 40 KTPA Maleic Anhydride / food ingredients plant in West Virginia, USA; first commercial MAn sales began in December 2025, modular construction leveraged Indian fabrication, and management expects payback within seven years while completing commissioning and stabilization during H1 CY26.
Listed peers in Commodity Chemicals: J.G.Chemicals Ltd, Citurgia Biochemicals Ltd, Indo Borax & Chemicals Ltd, I G Petrochemicals Ltd, Andhra Sugars Ltd, Amines & Plasticizers Ltd.
Valuation & Returns
10 Jul 2026At ₹167.9 a share on 10 Jul 2026, Thirumalai Chemicals Ltd (TIRUMALCHM) was valued at a price-to-earnings ratio of -12.03x against an industry P/E of 45.11x and a price-to-book of 1.75x on a book value of ₹95.86 per share as of Mar 2025. Solomo computes return on equity of -14.53% and return on capital employed of -3.83% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.
- P/E
- -12.03x
- Industry P/E
- 45.11x
- P/B
- 1.75x
- EPS (TTM)
- ₹-13.93
- Book value / share
- ₹95.86
- ROE
- -14.53%
- ROCE
- -3.83%
- ROA
- -4.41%
- Debt / equity
- 1.55x
- Dividend yield
- 0%
- EBITDA margin
- -1.41%
- 52-week range
- ₹158.4 – ₹328.7
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Thirumalai Chemicals Ltd (TIRUMALCHM) reported revenue of ₹1,736 crore, net profit of ₹-168 crore and earnings per share of ₹-13.93. That compares with revenue of ₹2,050 crore and net profit of ₹-46 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹424 crore and net profit ₹-28 crore (consolidated).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 1,998 | 2,132 | 2,083 | 2,050 | 1,736 |
| Net profit (₹ cr) | 281 | 90 | -39 | -46 | -168 |
| EPS (₹) | 27.47 | 8.77 | -3.79 | -4.5 | -13.93 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | 10.74% | 19.98% | 14.38% | -1.61% |
| Profit growth | 7.54% | 15.00% | -18.58% | -18.85% |
| Stock price CAGR | 17% | 0% | -5% | -45% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 37.13% of Thirumalai Chemicals Ltd (TIRUMALCHM) (unchanged from the previous quarter), foreign institutional investors (FII) hold 1.46% and domestic institutional investors (DII) hold 10.07%. Market capitalisation was ₹2,024 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Sep 2001.
Largest disclosed public shareholders in Jun 2026: Motilal Oswal Small Cap Fund 6.79%, HUF 3.47%, Ajay Upadhyaya 1.2%, Icici Prudential Commodities Fund 1.17%, LLP 1.16%, Bandhan Small Cap Fund 1.1%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 37.13% | - | 1.46% | 10.07% | 62.87% |
| Mar 2026 | 37.13% | - | 2.06% | 9.94% | 62.87% |
| Dec 2025 | 37.13% | - | 1.97% | 9.47% | 62.87% |
| Sep 2025 | 36.13% | - | 2.15% | 9.32% | 63.87% |
| Jun 2025 | 41.87% | - | 1.88% | 1.06% | 58.13% |
| Mar 2025 | 41.89% | - | 1.97% | 1.12% | 58.11% |
| Dec 2024 | 41.92% | - | 2.77% | 1.27% | 58.08% |
| Sep 2024 | 41.92% | - | 2.86% | 1.37% | 58.08% |