Tata Chemicals Ltd.

•

tatachemicals.comBSE: 500770NSE: TATACHEM

Market Cap₹ 15,594 Cr.

Current Price

High / Low₹ 1,027 / 580

Stock P/E—

Book Value₹ 835

Price to Book0.70

Dividend Yield1.80 %

ROCE-3.1 %

ROE-8.0 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Basic chemistry products: 78.9% • Specialty products: 21.1%

AI Sector View

AI GENERATED

Chemicals

Hold

The available domestic chemical proxies are mixed to weak. Fertilizers output was -8.0% YoY (2026-07) and sale quantity of fertilisers was 0.0% YoY (2026-05), although that high-frequency barometer is stale. FPI positioning is less negative than before, with net 3-month outflow only INR -11 crore versus INR -1229 crore in the prior 3 months to 2026-08-31, but the weak sector driver argues for a neutral stance.

Confidence

55%

View full sector analysis →

PROS

Company has a consistent dividend-paying track record
Working capital cycle has improved - days down from 13 to 11
Company generates healthy free cash flow
Company maintains a comfortable, low leverage position

CONS

Company is loss-making at the operating / net level
Recent results are weak - TTM profit is down 729.0% versus prior year
Company has a low return on equity of -1.4% over last 3 years
Company has a low return on capital employed of 2.0%
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -6.63x)
Interest coverage is weak at -1.5x - earnings barely cover interest

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

ChemicalsChemicalsChemicals

Part ofNIFTY TOTAL MKT NIFTY SMLCAP 50 NIFTY 500 NIFTY SMLCAP 250

S.No.	Name
1.	SOLARINDS	22307.50	101.37	201860.69	0.05	666.37	88.98	3668.20	70.26	38.16	27.91
2.	PIDILITIND	1567.45	60.23	159547.55	1.37	8835.10	1202.86	45515.50	1112.74	32.38	26.28
3.	SRF	2483.00	34.05	73602.28	0.36	758.87	75.53	5033.26	34.63	14.21	24.57
4.	FLUOROCHEM	4771.75	85.23	52417.67	0.06	219.00	19.02	1588.00	23.97	9.58	26.83
5.	NAVINFLUOR	8541.10	55.49	43822.77	0.18	243.31	107.67	1045.08	44.07	21.39	34.17
6.	GODREJIND	1127.00	32.29	37963.11	0.00	523.36	-27.85	5448.09	22.16	10.64	12.82
7.	AETHER	1672.95	94.41	22204.70	0.00	62.75	33.45	326.56	27.49	11.65	31.47
8.	DEEPAKNTR	1587.10	27.64	21646.94	0.47	345.01	207.36	2577.60	36.39	11.58	20.96
9.	ATUL	6244.55	23.11	18385.05	0.48	253.93	91.85	1847.95	25.03	15.05	21.41
10.	AARTIIND	492.15	33.62	17851.59	0.20	155.00	260.47	2387.00	42.42	6.95	16.00
11.	DEEPAKFERT	1320.45	17.00	16725.20	0.76	490.04	100.95	3256.26	22.47	12.12	25.96
12.	TATACHEM	612.10	24.29	15593.63	1.80	60.00	-81.01	4255.00	14.41	-3.09	12.64

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	4,218	3,998	3,730	3,475	3,789	3,999	3,590	3,509	3,719	3,877	3,550	3,438	4,255
	3,175	3,179	3,188	3,032	3,215	3,381	3,156	3,182	3,070	3,340	3,205	3,164	4,184
Operating Profit	1,043	819	542	443	574	618	434	327	649	537	345	274	71
OPM %	24.73%	20.49%	14.53%	12.75%	15.15%	15.45%	12.09%	9.32%	17.45%	13.85%	9.72%	7.97%	1.67%
	49	187	38	-849	47	108	-42	-13	96	73	-16	-1,793	56
Interest	123	145	132	130	133	145	148	137	147	144	146	153	148
Depreciation	229	234	246	271	273	277	280	293	280	285	293	343	336
Profit before Tax	740	627	202	-807	215	304	-36	-116	318	181	-110	-2,015	110
Tax %	23.11%	19.14%	33.66%	-2.73%	43.72%	26.64%	-47.22%	21.55%	13.84%	45.30%	3.64%	-6.65%	45.45%
Net Profit	0	0	0	0	1,900	267	-210	-490	316	1,540	-69	-2,116	60
	20.53	16.80	6.20	-32.46	5.30	7.61	-2.08	-2.90	9.89	3.02	-3.65	-83.68	-0.67

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	10,346	10,270	10,337	10,357	10,200	12,622	16,789	15,421	14,887	14,584	15,120
	8,252	8,083	8,556	8,408	8,699	10,321	12,967	12,574	12,934	12,779	13,893
Operating Profit	2,094	2,187	1,780	1,949	1,501	2,301	3,822	2,847	1,953	1,805	1,227
OPM %	20.24%	21.29%	17.22%	18.82%	14.71%	18.23%	22.76%	18.46%	13.12%	12.38%	8.12%
	296	246	497	311	235	249	218	-575	100	-1,640	-1,680
Interest	427	344	371	342	368	303	406	530	563	590	591
Depreciation	512	518	568	666	759	806	892	980	1,123	1,201	1,257
Profit before Tax	1,467	1,620	1,437	1,248	634	1,667	2,740	830	521	-1,459	-1,834
Tax %	23.59%	3.71%	19.09%	17.60%	31.19%	16.02%	10.51%	45.90%	32.05%	-17.55%	-14.29%
Net Profit	1,121	1,560	1,163	1,028	436	1,400	2,452	449	354	-1,715	-2,096
EPS	38.98	95.51	45.38	275.02	10.06	49.37	90.95	10.51	9.22	-74.35	—
Dividend Payout %	28.22%	23.04%	27.55%	4.00%	99.37%	25.34%	19.26%	142.72%	119.36%	-14.79%	—

COMPOUNDED SALES GROWTH

10 Years:: 0%
5 Years:: 7%
3 Years:: -5%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: 10%
5 Years:: -6%
3 Years:: -16%
1 Year:: -37%

RETURN ON EQUITY

10 Years:: 7%
5 Years:: 3%
3 Years:: -1%
Last Year:: -8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	255	255	255	255	255	255	255	255	255	255
Minority Interest	2,624	2,717	2,915	764	853	904	921	873	907	969
	7,653	10,847	12,086	12,643	14,035	17,998	19,466	21,986	21,339	20,951
	5,174	5,630	5,252	5,824	5,829	5,614	6,466	3,835	7,022	7,303
Trade Payables	1,318	1,479	1,475	1,631	1,683	2,445	2,597	2,369	2,510	2,552
	6,563	4,930	4,886	6,557	5,683	6,627	5,235	7,393	5,717	6,968
Total Liabilities	23,587	25,858	26,869	27,673	28,337	33,843	34,940	36,711	37,750	38,998
	12,638	12,759	13,524	15,334	15,206	15,990	17,040	17,809	19,550	20,572
Capital Work in Progress	303	374	736	788	1,035	1,590	2,351	2,165	1,879	1,014
	2,787	2,840	5,615	4,285	5,816	7,683	7,448	9,739	9,144	9,886
	1,386	1,462	1,726	1,869	1,687	2,294	2,532	2,524	2,558	3,082
	0	0	0	0	0	0	0	1,900	1,900	2,088
Cash & Bank	1,665	4,483	1,952	2,080	1,411	1,311	665	645	615	442
	4,807	3,940	3,316	3,318	3,183	4,975	4,904	1,929	2,104	1,914
Total Assets	23,587	25,858	26,869	27,673	28,337	33,843	34,940	36,711	37,750	38,998

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	3,982	2,385	2,066	1,928	2,134	1,908	3,378	3,016	1,761	1,269
Cash from Investing	-982	2,707	-1,958	-2,368	-1,130	-836	-1,186	-610	-1,681	-809
Cash from Financing	-2,341	-2,089	-1,712	-129	-1,456	-755	-2,076	-2,494	29	-670
	207	2,488	-2,089	-717	-549	54	-291	-88	109	-210

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
37.98	37.98	37.98	37.98	37.98	37.98	37.98	37.98	37.98
13.76	13.56	13.60	13.29	12.85	13.73	12.26	11.90	12.06
19.91	20.34	21.68	21.96	22.61	22.17	22.40	22.83	21.11
0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03
28.32	28.09	26.71	26.74	26.53	26.08	27.34	27.25	28.81

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-12

General Updates

2026-09-12 - Tata Chemicals Limited has informed the Exchange about General Updates - Update on Tata Chemicals North America Inc.

2026-09-09

General Updates

2026-09-09 - Tata Chemicals Limited has informed the Exchange about Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for Update on Notice issued to Tata Chemicals Magadi Limited

2026-09-04

Updates

2026-09-04 - Tata Chemicals Limited has informed the Exchange regarding 'Response to media and news articles on Tata Chemicals Magadi Limited'.

2026-09-03

General Updates

2026-09-03 - Tata Chemicals Limited has informed the Exchange about ESG Rating

2026-09-01

Press Release

2026-09-01 - Tata Chemicals Limited has informed the Exchange regarding a press release dated September 01, 2026, titled "CSIR-CSMCRI study finds Mithapur coastal ecosystem healthy and biodiverse following treated wastewater pipeline transition".

2026-08-29

Press Release

2026-08-29 - Tata Chemicals Limited has informed the Exchange regarding a press release dated August 29, 2026, titled "Tata Chemicals North America acquires customer contracts expected to generate over USD 110 million in revenue through 2028".

2026-08-29

Bagging/Receiving of orders/contracts

2026-08-29 - Tata Chemicals Limited has informed the Exchange about Bagging/Receiving of orders/contracts

2026-08-03

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-03 - Tata Chemicals Limited has informed the Exchange about Transcript

2026-07-29

General Updates

2026-07-29 - Tata Chemicals Limited has informed the Exchange about ESG Rating

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