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Thirumalai Chemicals
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Incorporated in 1972, Thirumalai Chemicals (TCL) was promoted by N S Iyengar and N.R. Swamy, Promoter and Director of Ultra Marine & Pigments. It manufactures and markets Phthalic Anhydride, Maleic Anhydride, Tartaric Acid and its salts, Fumaric Acid and Maleic Acid. The Company's principal activities are manufacturing and selling chemicals. The Company manufactures food acids, commercial production of which commenced in 1992.
It had a technical tie-up with Alusuisse Italia, Italy, for the recovery of maleic anhydride from effluent gases of the phthalic anhydride plant. In 1994, TCL expanded its activities by setting up additional plants at Ranipet, Tamilnadu, to manufacture pthalic anhydride, Fumaric Acid and Malic Acid. The Ranipet plant now has the installed capacity to produce 87000 MT of Phthalic Anhydride, 10750 MT of Maleic An hydride, 17000 MT of Food Acids.
TCL's products are widely used in the manufacture of plasticisers, esters, polyester resins and alkyd paints and blue/green pigments. Fumaric acid is used in the manufacture of soft drink powders concentrates, fruit products, hard candy, digestive tablets, frozen foods and fresh sterilised concentrates.
During 1995-96, TCL was accorded the status of an Export House. It exports to the Gulf countries, Pakistan, Bangladesh, East Asia and Australia. It has been awarded the ISO 9002 by the BVQI. In 2000-01, the company recieved ISO 14001 awarded by BVQI and this certificate is valid for 3 years.
The company has a joint-venture company, TCL Industries (Malaysia) at Karnaman, Malaysia, to manufacture pthalic anhydride and fumaric acid. For some time the company is not performing well and the revival efforts have yielded some fruitful in 2000-01.
Company also undertake a project to revamp and modernise its old PAN plants to manufacture value added chemicals involving outlay of about Rs.10 Crores. Company already expanded significant amount for this project, with the completion of this, company is confident that have large global capacities for all products in its range.
Chemidye Manufacturing Pvt. Ltd (Chemidye), a Company which has been a consumer of Company's products and engaged in manufacture of Phthalate Esters with its Plant situated at Ranipet, Tamil Nadu, adjoining the Company's factory was amalgamated with the Company pursuant to the Scheme Of Amalgamation which was approved by the Hon'ble Bombay High Court, which made the amalgamation effective from 1.4.2005.
During year 2007-08, Company set up two windmills at a cost of Rs. 830 Lakhs at Palani Taluka, Tamil Nadu, which commissioned on 27 December 2007.
During the year 2011, the Company set up a subsidiary in Singapore, Tarderiv International Pte Ltd. and two step-down subsidiaries viz. Cheminvest Pte Ltd - Singapore and Optimistic Organic Sdn Bhd Malaysia. It established a Division in the name and style 'TCL Technology and Engineering' at the Special Economic Zone at Ranipet, Tamil Nadu, India, in March 2020.
The project at Dahej, was commissioned in June 2021. After successful commissioning and operation of the Dahej Phthalic Anhydride plant, company embarked on a large project in Dahej through a subsidiary, TCL Intermediates Pvt. Ltd. (TCL IPL), for manufacturing of Phthalic Anhydride, fine chemicals and derivatives in 2021-22.
Thirumalai Chemicals share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Thirumalai Chemicals indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Thirumalai Chemicals is valued compared to its competitors.
Thirumalai Chemicals PE ratio helps investors understand what is the market value of each stock compared to Thirumalai Chemicals 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Thirumalai Chemicals evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Thirumalai Chemicals generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Thirumalai Chemicals in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Thirumalai Chemicals shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Thirumalai Chemicals compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Thirumalai Chemicals over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Thirumalai Chemicals helps investors get an insight into when they can enter or exit the stock. Key components of Thirumalai Chemicals Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Thirumalai Chemicals shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Thirumalai Chemicals ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Thirumalai Chemicals provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Thirumalai Chemicals highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Thirumalai Chemicals .
The balance sheet presents a snapshot of Thirumalai Chemicals ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.