Tata Chemicals Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Basic chemistry products: 96.3% • Specialty products: 3.7%
AI Sector View
AI GENERATEDChemicals
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.
PROS
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.35x)
- Company has been maintaining a healthy dividend payout of 46.3%
- Company has a consistent dividend-paying track record
- Stock looks reasonably valued - P/E of 24.3 is below its historical median
- Company maintains a comfortable, low leverage position
CONS
- A large part of profit comes from other income (56.4% of PBT)
- Company has a low return on capital employed of 4.7%
- Company has a low return on equity of 3.7% over last 3 years
- Total debt has risen sharply - up 56.4% year on year
- Operating margins have contracted to 18.4% from 30.7%
- Company has delivered a poor profit growth of 4.8% over past five years
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| SOLARINDS | 22307.50 | 101.37 | 201860.69 | 0.05 | 666.37 | 88.98 | 3668.20 | 70.26 | 38.16 | 27.91 |
| PIDILITIND | 1567.45 | 60.23 | 159547.55 | 1.37 | 8835.10 | 1202.86 | 45515.50 | 1112.74 | 32.38 | 26.28 |
| SRF | 2483.00 | 34.05 | 73602.28 | 0.36 | 758.87 | 75.53 | 5033.26 | 34.63 | 14.21 | 24.57 |
| FLUOROCHEM | 4771.75 | 85.23 | 52417.67 | 0.06 | 219.00 | 19.02 | 1588.00 | 23.97 | 9.58 | 26.83 |
| NAVINFLUOR | 8541.10 | 55.49 | 43822.77 | 0.18 | 243.31 | 107.67 | 1045.08 | 44.07 | 21.39 | 34.17 |
| GODREJIND | 1127.00 | 32.29 | 37963.11 | 0.00 | 523.36 | -27.85 | 5448.09 | 22.16 | 10.64 | 12.82 |
| AETHER | 1672.95 | 94.41 | 22204.70 | 0.00 | 62.75 | 33.45 | 326.56 | 27.49 | 11.65 | 31.47 |
| DEEPAKNTR | 1587.10 | 27.64 | 21646.94 | 0.47 | 345.01 | 207.36 | 2577.60 | 36.39 | 11.58 | 20.96 |
| ATUL | 6244.55 | 23.11 | 18385.05 | 0.48 | 253.93 | 91.85 | 1847.95 | 25.03 | 15.05 | 21.41 |
| AARTIIND | 492.15 | 33.62 | 17851.59 | 0.20 | 155.00 | 260.47 | 2387.00 | 42.42 | 6.95 | 16.00 |
| DEEPAKFERT | 1320.45 | 17.00 | 16725.20 | 0.76 | 490.04 | 100.95 | 3256.26 | 22.47 | 12.12 | 25.96 |
| TATACHEM | 612.10 | 24.29 | 15593.63 | 1.80 | 60.00 | -81.01 | 4255.00 | 14.41 | -3.09 | 12.64 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,135 | 1,066 | 1,093 | 1,090 | 1,047 | 1,009 | 1,166 | 1,219 | 1,169 | 1,204 | 1,204 | 1,254 | 1,281 | |
| 846 | 878 | 887 | 898 | 812 | 865 | 957 | 989 | 899 | 964 | 976 | 1,038 | 1,105 | |
| Operating Profit | 289 | 188 | 206 | 192 | 235 | 144 | 209 | 230 | 270 | 240 | 228 | 216 | 176 |
| OPM % | 25.46% | 17.64% | 18.85% | 17.61% | 22.45% | 14.27% | 17.92% | 18.87% | 23.10% | 19.93% | 18.94% | 17.22% | 13.74% |
| 194 | 171 | 22 | 98 | 187 | 95 | 16 | 21 | 214 | 121 | 2 | 28 | 216 | |
| Interest | 11 | 15 | 12 | 11 | 13 | 32 | 50 | 49 | 50 | 46 | 50 | 73 | 73 |
| Depreciation | 66 | 71 | 76 | 82 | 87 | 90 | 92 | 100 | 102 | 103 | 107 | 116 | 115 |
| Profit before Tax | 406 | 273 | 140 | 197 | 322 | 117 | 83 | 102 | 332 | 212 | 73 | 55 | 392 |
| Tax % | 19.21% | 13.55% | 17.86% | -10.15% | 20.50% | 15.38% | 13.25% | 4.90% | 7.53% | 16.04% | 0.00% | 12.73% | 12.50% |
| Net Profit | 328 | 236 | 115 | 217 | 256 | 99 | 72 | 97 | 307 | 178 | 73 | 48 | 343 |
| 12.88 | 9.26 | 4.51 | 8.51 | 10.05 | 3.89 | 2.83 | 3.80 | 12.05 | 6.99 | 2.87 | 1.88 | 13.46 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 3,607 | 3,466 | 3,121 | 2,920 | 2,999 | 3,721 | 4,930 | 4,384 | 4,441 | 4,831 | 4,943 | |
| 2,749 | 2,544 | 2,435 | 2,202 | 2,388 | 2,776 | 4,514 | 3,516 | 3,625 | 3,877 | 4,083 | |
| Operating Profit | 858 | 922 | 687 | 718 | 611 | 945 | 416 | 868 | 816 | 954 | 860 |
| OPM % | 23.78% | 26.61% | 22.00% | 24.59% | 20.37% | 25.40% | 8.44% | 19.80% | 18.37% | 19.75% | 17.40% |
| 256 | 258 | 412 | 309 | 219 | 284 | 1,120 | 492 | 321 | 365 | 367 | |
| Interest | 180 | 150 | 98 | 43 | 19 | 19 | 26 | 49 | 144 | 219 | 242 |
| Depreciation | 130 | 127 | 140 | 150 | 197 | 222 | 245 | 295 | 369 | 428 | 441 |
| Profit before Tax | 804 | 904 | 860 | 834 | 614 | 988 | 1,265 | 1,016 | 624 | 672 | 732 |
| Tax % | 27.96% | 30.89% | 26.69% | 19.48% | 21.97% | 20.34% | 18.81% | 11.81% | 16.03% | 9.82% | 12.30% |
| Net Profit | 579 | 624 | 631 | 672 | 479 | 787 | 1,027 | 896 | 524 | 606 | 642 |
| EPS | 27.19 | 69.36 | 33.56 | 268.50 | 18.81 | 31.46 | 40.31 | 35.14 | 20.55 | 23.76 | — |
| Dividend Payout % | 48.38% | 89.75% | 50.48% | 41.71% | 53.17% | 40.50% | 43.45% | 42.69% | 53.53% | 46.29% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- -5%
- 5 Years:
- 10%
- 3 Years:
- -1%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 0%
- 5 Years:
- 5%
- 3 Years:
- -16%
STOCK PRICE CAGR
- 10 Years:
- 10%
- 5 Years:
- -6%
- 3 Years:
- -16%
- 1 Year:
- -37%
RETURN ON EQUITY
- 10 Years:
- 5%
- 5 Years:
- 5%
- 3 Years:
- 4%
- Last Year:
- 3%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| 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 |
| 8,601 | 11,069 | 12,110 | 11,722 | 13,002 | 15,087 | 15,737 | 18,470 | 17,939 | 19,053 | |
| 1,623 | 692 | 25 | 21 | 15 | 14 | 14 | 125 | 2,273 | 3,494 | |
| Trade Payables | 512 | 425 | 569 | 575 | 482 | 560 | 698 | 562 | 777 | 886 |
| 1,810 | 1,732 | 1,608 | 822 | 911 | 1,101 | 1,184 | 1,375 | 1,467 | 1,617 | |
| Total Liabilities | 12,799 | 14,174 | 14,567 | 13,396 | 14,665 | 17,017 | 17,888 | 20,787 | 22,711 | 25,305 |
| 1,460 | 1,395 | 1,573 | 2,232 | 2,391 | 2,322 | 2,690 | 3,756 | 4,753 | 5,404 | |
| Capital Work in Progress | 122 | 176 | 527 | 402 | 421 | 1,202 | 1,561 | 1,362 | 985 | 473 |
| 6,248 | 6,389 | 9,366 | 7,964 | 9,337 | 10,927 | 10,781 | 13,306 | 14,390 | 16,957 | |
| 612 | 451 | 628 | 701 | 522 | 880 | 1,203 | 939 | 947 | 1,117 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 232 | 252 | 252 | |
| Cash & Bank | 1,112 | 3,769 | 1,106 | 880 | 685 | 493 | 85 | 52 | 71 | 37 |
| 3,246 | 1,995 | 1,367 | 1,217 | 1,309 | 1,193 | 1,568 | 1,140 | 1,313 | 1,065 | |
| Total Assets | 12,799 | 14,174 | 14,567 | 13,396 | 14,665 | 17,017 | 17,888 | 20,787 | 22,711 | 25,305 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 2,703 | 1,584 | 1,225 | 646 | 823 | 767 | 1,166 | 806 | 803 | 1,119 | |
| Cash from Investing | -152 | 2,866 | -1,504 | -293 | -403 | -355 | -558 | -351 | -2,493 | -1,917 |
| Cash from Financing | -1,731 | -1,496 | -1,568 | -1,101 | -291 | -270 | -332 | -458 | 1,710 | 768 |
| 511 | 2,207 | -2,260 | -967 | -22 | -43 | -5 | -3 | 20 | -30 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-12 - Tata Chemicals Limited has informed the Exchange about General Updates - Update on Tata Chemicals North America Inc.
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 - Tata Chemicals Limited has informed the Exchange regarding 'Response to media and news articles on Tata Chemicals Magadi Limited'.
2026-09-03 - Tata Chemicals Limited has informed the Exchange about ESG Rating
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 - 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 - Tata Chemicals Limited has informed the Exchange about Bagging/Receiving of orders/contracts
2026-08-03 - Tata Chemicals Limited has informed the Exchange about Transcript
2026-07-29 - Tata Chemicals Limited has informed the Exchange about ESG Rating
News
Recent coverage and analyst commentary for TATACHEM
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