Tata Chemicals

₹1059.9 15.4 | 1.5%

WEBSITE BSE:500770 NSE : TATA CHEM. 10 May, 16:01

Market Cap ₹27000 Cr.

Stock P/E 100.8

P/B 1.2

Current Price ₹1059.9

Book Value ₹ 907.3

Face Value 10

52W High ₹1349.7

Dividend Yield 1.42%

52W Low ₹ 933

Edit Ratio

Tata Chemicals Research see more...

Overview Inc. Year: 1939Industry: Chemicals

Tata Chemicals Ltd is a holding company. The Company operates via 2 business segments: Basic chemistry products and Specialty merchandise. Its Basic chemistry products commercial enterprise is engaged inside the production of inorganic chemistry merchandise and serves numerous industries, consisting of glass, detergents, pharma, biscuit manufacturing, bakeries and different industries. Its basic chemistry merchandise comprises soda ash, sodium bicarbonate, salt and different products. Its Specialty merchandise include speciality food elements, along with prebiotics, formulations for feed, food and pharma customers, and forte silica for rubber/tire industry, as nicely because it gives crop care and seeds for the farm area via its subsidiary, Rallis India Ltd. The Company manufactures and sells speciality nutrition products under the brand Tata NQ, which basically consists of Fructo oligo saccharide (FOS) a prebiotic dietary fiber.

Tata Chemicals Share Price

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Peer Comparison

Tata Chemicals Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	3141	3481	3995	4239	4148	4407	4218	3998	3730	3475
Other Income	39	106	46	60	37	75	49	85	38	114
Total Income	3180	3587	4041	4299	4185	4482	4267	4083	3768	3589
Total Expenditure	2595	2824	2980	3319	3226	3442	3175	3179	3188	3032
Operating Profit	585	763	1061	980	959	1040	1092	904	580	557
Interest	69	69	80	86	107	133	123	145	132	130
Depreciation	204	205	213	218	227	234	229	234	246	271
Exceptional Income / Expenses	0	0	0	0	0	0	0	102	0	-963
Profit Before Tax	312	489	768	676	625	673	740	627	202	-807
Provision for Tax	66	43	156	38	102	-8	171	120	68	22
Profit After Tax	246	446	612	638	523	681	569	507	134	-829
Adjustments	65	-8	-23	-10	-132	28	-37	-79	24	-21
Profit After Adjustments	311	438	589	628	391	709	532	428	158	-850
Adjusted Earnings Per Share	12.2	17.2	23.1	24.6	15.3	27.8	20.9	16.8	6.2	-33.3

Tata Chemicals Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	14711	15885	17204	14873	10346	10270	10337	10357	10200	12622	16789	15421
Other Income	418	142	118	125	296	182	427	311	235	260	218	286
Total Income	15129	16028	17322	14998	10642	10451	10763	10668	10435	12882	17007	15707
Total Expenditure	12548	14076	15040	12781	8252	8083	8556	8408	8699	10321	12967	12574
Operating Profit	2581	1952	2282	2217	2390	2368	2207	2260	1735	2561	4040	3133
Interest	464	579	461	525	427	344	371	342	368	303	406	530
Depreciation	534	471	463	526	512	518	569	666	759	806	892	980
Exceptional Income / Expenses	-670	-1420	-200	0	0	64	70	0	0	-11	0	-861
Profit Before Tax	913	-519	1159	1180	1467	1620	1437	1248	634	1667	2740	762
Provision for Tax	303	289	351	248	346	60	274	220	198	267	288	381
Profit After Tax	611	-808	807	932	1121	1560	1163	1028	436	1400	2452	381
Adjustments	-210	-224	-211	-161	-128	873	-7	5978	-180	-142	-135	-113
Profit After Adjustments	400	-1032	596	771	993	2433	1156	7006	256	1258	2317	268
Adjusted Earnings Per Share	15.7	-40.5	23.4	30.2	39	95.5	45.4	275	10.1	49.3	90.9	10.6

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	33%	17%	10%	1%
Operating Profit CAGR	58%	21%	11%	5%
PAT CAGR	75%	34%	9%	15%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	9%	16%	12%	14%
ROE Average	13%	8%	9%	9%
ROCE Average	12%	9%	9%	9%

Tata Chemicals Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	6414	5566	5552	6854	7908	11102	12341	12898	14290	18253	19721
Minority's Interest	536	655	673	2598	2624	2717	2915	764	853	904	921
Borrowings	5461	6883	5708	6780	4361	5394	4769	3473	5199	3725	5540
Other Non-Current Liabilities	1451	1852	3733	3089	3088	2942	2895	3514	3532	3865	3854
Total Current Liabilities	6218	5130	8094	5025	5094	3153	3949	7025	4463	7096	4904
Total Liabilities	20080	20086	23761	24346	23587	25858	26869	27673	28337	33843	34940
Fixed Assets	10706	11007	11359	13431	12638	12759	13524	15334	15206	15990	17040
Other Non-Current Assets	1869	1642	2963	3336	3574	4060	5247	4540	6485	9108	9736
Total Current Assets	7505	7348	9366	7576	5836	7941	8098	7795	6642	8741	8160
Total Assets	20080	20086	23761	24346	23587	25858	26869	27673	28337	33843	34940

Tata Chemicals Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	1668	1826	1736	1179	1247	1451	3946	1888	1254	689	762
Cash Flow from Operating Activities	221	2338	1274	2332	3531	1870	1581	1780	2037	1645	2971
Cash Flow from Investing Activities	-239	-473	-655	-489	-982	2707	-1958	-2368	-1130	-836	-1186
Cash Flow from Financing Activities	129	-1865	-1087	-1802	-2341	-2089	-1712	-129	-1456	-755	-2076
Net Cash Inflow / Outflow	111	-0	-469	42	207	2488	-2089	-717	-549	54	-291
Closing Cash & Cash Equivalent	1828	1736	1259	1247	1451	3946	1888	1254	689	762	508

Tata Chemicals Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	15.72	-40.51	23.41	30.25	38.98	95.5	45.37	275.02	10.06	49.33	90.86
CEPS(Rs)	44.92	-13.21	49.87	57.23	64.09	81.57	67.96	66.53	46.93	86.51	131.14
DPS(Rs)	10	10	12.5	10	11	22	12.5	11	10	12.5	17.5
Book NAV/Share(Rs)	251.75	214.93	215.07	269.05	310.42	435.77	484.42	506.26	560.92	715.8	773.37
Core EBITDA Margin(%)	14.39	11.15	12.32	13.74	19.61	21.14	16.91	17.56	13.6	17.22	21.61
EBIT Margin(%)	9.16	0.37	9.22	11.21	17.73	18.98	17.18	14.33	9.08	14.75	17.79
Pre Tax Margin(%)	6.07	-3.2	6.59	7.76	13.73	15.66	13.65	11.25	5.75	12.48	15.5
PAT Margin (%)	4.06	-4.98	4.6	6.12	10.49	15.08	11.05	9.27	3.95	10.48	13.87
Cash Profit Margin (%)	7.61	-2.07	7.23	9.58	15.29	20.09	16.45	15.27	10.84	16.51	18.91
ROA(%)	3.13	-4.02	3.68	3.87	4.68	6.31	4.41	3.77	1.56	4.5	7.13
ROE(%)	9.58	-13.59	14.74	15.11	15.18	16.41	9.92	8.15	3.21	8.6	12.91
ROCE(%)	9.77	0.42	11.68	11.45	12.25	12.2	10.13	8.18	4.84	8.57	12.37
Receivable days	69.86	75.14	69.25	83.84	96.67	59.98	47.86	49.87	49.25	45.49	47.06
Inventory Days	42.06	36.56	44.41	54.66	56.69	50.25	55.27	59.11	58.83	54.38	49.81
Payable days	98.64	84.22	84.48	106.87	257.94	291.36	269.28	288	252.31	285.68	268.44
PER(x)	20.51	0	18.88	12.34	15.36	7.09	12.95	0.81	74.65	19.75	10.7
Price/Book(x)	1.28	1.33	2.06	1.39	1.93	1.55	1.21	0.44	1.34	1.36	1.26
Dividend Yield(%)	3.1	3.49	2.83	2.68	1.84	3.25	2.13	4.93	1.33	1.28	1.8
EV/Net Sales(x)	1	0.88	1.06	1.17	2	1.84	1.85	1.07	2.39	2.4	1.8
EV/Core EBITDA(x)	5.72	7.15	7.96	7.82	8.65	7.97	8.67	4.92	14.05	11.85	7.48
Net Sales Growth(%)	6.49	7.98	8.3	-13.55	-30.44	-0.74	0.65	-19.16	-1.52	23.75	33.01
EBIT Growth(%)	-23.94	-95.6	2573.62	5.33	11	3.73	-7.94	-20.58	-36.99	101.81	59.7
PAT Growth(%)	-41.27	-232.29	199.97	15.43	20.25	39.21	-25.46	-20.13	-57.58	240.96	75.14
EPS Growth(%)	-52.2	-357.74	157.8	29.19	28.88	145	-52.49	506.13	-96.34	390.23	84.18
Debt/Equity(x)	1.31	1.53	1.53	1.33	0.89	0.55	0.5	0.58	0.47	0.37	0.31
Current Ratio(x)	1.21	1.43	1.16	1.51	1.15	2.52	2.05	1.11	1.49	1.23	1.66
Quick Ratio(x)	0.95	1.11	0.83	1.12	0.87	2.05	1.61	0.84	1.11	0.91	1.15
Interest Cover(x)	2.97	0.1	3.51	3.25	4.44	5.71	4.88	4.65	2.72	6.5	7.75
Total Debt/Mcap(x)	1.02	1.15	0.74	0.96	0.46	0.35	0.41	1.32	0.35	0.27	0.25

Tata Chemicals Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	37.98	37.98	37.98	37.98	37.98	37.98	37.98	37.98	37.98	37.98
FII	13.96	13.62	14.99	14.92	14.43	14.58	14.47	14.16	14.06	13.83
DII	18.35	19.92	19.18	19.45	18.99	19.79	19.93	20.94	20.48	20
Public	29.71	28.48	27.86	27.65	28.59	27.65	27.63	26.92	27.48	28.19
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	9.67	9.67	9.67	9.67	9.67	9.67	9.67	9.67	9.67	9.67
FII	3.56	3.47	3.82	3.8	3.68	3.72	3.69	3.61	3.58	3.52
DII	4.68	5.08	4.89	4.95	4.84	5.04	5.08	5.34	5.22	5.09
Public	7.57	7.26	7.1	7.04	7.28	7.04	7.04	6.86	7	7.18
Others	0	0	0	0	0	0	0	0	0	0
Total	25.48	25.48	25.48	25.48	25.48	25.48	25.48	25.48	25.48	25.48

Pros

Debtor days have improved from 285.68 to 268.44days.
Company is almost debt free.

Cons

Promoter holding is low: 37.98%.
Company has a low return on equity of 8% over the last 3 years.
The company has delivered a poor profit growth of 9% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.