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Tata Chemicals Ltd share Price Today

Company details

1,075.20
1,124.35
921.65
1,349.00
6M Return 3.58%
1Y Return 13.18%
Mkt Cap.(Cr) 27,536.58
Volume 2,523,895
Div Yield 1.62%
OI
-
OI Chg %
-
Volume 2,523,895

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Soda ash momentum continues to support performance
About The Stock

    Commencing operations in 1944, Tata Chemicals has come a long way to become one of the top five players in the global soda ash market.

    • Under basic chemical, TCL offers soda ash, sodium bicarbonate, cement, salt, marine chemicals and crushed refined soda. Speciality chemical consists of solution towards agro chemical through Rallis and other specialty solutions such as nutritional products and HDS.
    • Basic chemical forms 75% of overall revenue while the rest comes from speciality products.
Q4FY22 Results

    Numbers are above than our estimates, led by better performance from North America and India regions. Bottom-line beat due to lower taxes.

    • Reported revenue growth of 32% YoY to ₹ 3480.7 crore, led by higher growth in the basic chemical segment across four units
    • Gross margins improved 80 bps YoY to ~79.8% while EBITDA margin expanded 816 bps YoY to 18.9% due to operating leverage
    • EBITDA was up 133% YoY to ₹ 657.4 crore
    • Adjusted PAT stood at ₹ 408 crore v/s ₹ 11.8 crore in Q4FY21, led by lower taxes (8% vs. 64% in Q4FY21)

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Tata Chemicals announced Q3FY24 results:

Consolidated Q3FY24:

  • Consolidated Revenue from operations stood at Rs 3,730 crore, compared to Rs 4,148 crore for the corresponding quarter of the previous year.
  • Consolidated Profit After Tax from continuing operations (pre-MI) was Rs 194 crore, down from Rs 432 crore for the corresponding quarter of the previous year.
  • Revenue for the quarter was affected by lower volumes of soda ash and pricing pressure in all regions.
  • EBITDA was impacted due to volume and price pressures across all regions.
  • The company’s gross debt as of December 31, 2023, reduced to Rs 5,912 crore.

Standalone Q3FY24:

  • Standalone Revenue from operations stood at Rs 1,093 crore, compared to Rs 1,218 crore for the corresponding quarter of the previous year.
  • Standalone Profit After Tax from continuing operations was Rs 115 crore, down from Rs 190 crore for the corresponding quarter of the previous year.

Commenting on the results, R. Mukundan, Managing Director & CEO, Tata Chemicals, said, “The demand environment for soda ash in our domestic markets as well as international markets was challenging during the quarter. This was especially so in the container glass and flat glass sectors in Europe & Americas, which lead to a pressure on volumes and prices. Our endeavour is to continue to maintain our market share through customer engagement and have steady contribution margins with a focus on costs and higher value-added products. Our focus will also be to deliver capital investment projects on time, conserve cash, and continue to deleverage. In the short term, the current demand-supply situation is likely to persist but should improve and stabilise over the long term driven by growth sectors based on sustainability trends.”

 

Result PDF

View Other Company Results

Tata Chemicals Ltd shares SWOT Analysis

Strengths (8)

  • Strong Annual EPS Growth
  • Effectively using its capital to generate profit - RoCE improving in last 2 years
  • Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year

Weakness (6)

  • MFs decreased their shareholding last quarter
  • Degrowth in Quarterly Revenue and Profit in Recent Results(YoY)
  • Declining Revenue every quarter for the past 3 quarters

Opportunity (0)

Data not found

Threats (0)

Data not found

Resistance and support

R1 1,111.8
R2 1,142.6
R3 1,160.9
Pivot

1,093.48

S1 1,062.6
S2 1,044.3
S3 1,013.5
EMA SMA
1,077.0
1,052.1
1,037.1
1,023.6
1,088.4
1,031.9
1,027.1
1,021.3
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-03-07 1277.06 2219734 NSE
AAKRAYA RESEARCH LLP Bulk Purchase 2024-03-07 1282.42 1521375 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2024-03-07 1277.3 2219734 NSE
Name Category Shares
Tata Sons Private Limited PROMOTER 31.9%
Tata Investment Corporation Limited PROMOTER 5.97%

OUR RESEARCH VIEW

Investment recommendation
Soda ash momentum continues to support performance
Call Date
21 Feb 2023
Entry Price 965.00
Target Price 1,170.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Tata Chemicals Ltd Stocks COMPARISON

Financials( in Cr) Tata Chemicals Ltd Pidilite Industries Ltd SRF Ltd Linde India Ltd Gujarat Fluorochemicals Ltd
Price 1,080.90 3,014.70 2,560.25 6,408.85 3,097.35
% Change -2.65 0.75 1.49 0.50 -0.23
Mcap Cr 27,536.58 153,330.36 75,892.21 54,657.24 34,024.39
Revenue TTM Cr 17,029.00 11,799.10 14,870.25 3,135.52 5,684.66
Net Profit TTM Cr 2,452.00 1,288.87 2,162.34 538.06 1,323.05
PE TTM 15.84 89.56 51.37 127.71 51.10
1 Year Return 13.18 28.17 7.23 62.86 4.67
ROCE 11.46 24.24 21.98 16.29 29.38
ROE 12.91 18.93 22.89 14.70 27.07
INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 19,721.00 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 29,068.81 33,709.58
LAST 3M 68,518.10 30,558.15
LAST 6M 130,081.93 64,349.19
LAST 12M 189,941.35 208,211.24
Tata Chemicals Limited - Loss of Share Certificates

Mar 28, 2024 l NSE Announcement

Tata Chemicals Limited - Loss of Share Certificates

Mar 26, 2024 l NSE Announcement

Tata Chemicals Limited - Loss of Share Certificates

Mar 22, 2024 l NSE Announcement

Date Action Type Ratio
Jun 14, 2023 Dividend 175
Jun 15, 2022 Dividend 125

Tata Chemicals Ltd Information

Stock PE (TTM)
15.84
Promoter Holding
37.98%
Book Value
840.1146
ROCE
11.46%
ROE
12.91%
Description
  • Tata Chemicals Limited is engaged in the production of Commodity chemicals. The company has its market capitalization worth INR 19,200.98 crore as of 16th April 2021. The company was incorporated in 1938. The company has reported quarterly revenue of INR 812.24 crore at the end of December 2020. This company is listed on the Bombay Stock Exchange (BSE), having the code 500770 and on the National Stock Exchange (NSE) with the symbol TATA CHEM. It is an Indian global company mainly dealing in chemicals, crop protection and speciality chemical products. It is one of the largest chemical companies in India, operating within and out of the country. Tata Chemicals Limited is globally the 2nd largest producer of soda ash and a provider of key ingredients to a group of some giant global manufacturers of glass, industrial products and detergent. It is interested in businesses that focus on life: industry essentials, living and farm essentials. It is a holding company engaged in the manufacturing of soda ash and sodium bicarbonate for various industries such as silicates, glass, textiles, pharmaceuticals, mining, food, animal feed and chemical processing. The company operates in four segments: Fertilizers, Inorganic chemicals, other agro-inputs (like Ralli's India Limited's operations) others, which comprises spices, pulses, and nutritional solution. This wide range of products is categorized into farm essentials, living essentials, and industry essentials. Tata Chemicals has a global presence that includes subsidiaries incorporated in the United States, Kenya and United Kingdom. The company is also having the largest saltworks in Asia. The company is inclined towards carbon-conscious growth across all geographies. In addressing the community's needs globally, the company launched Tata Chemicals Golden Jubilee Foundation and Ncourage Social Enterprise Foundation in 2018. In 2020, the company increased its ownership to 100% by acquiring the balance 25% stake in Tata Chemicals (soda ash) Partners' holdings from Andover Group. It also commenced the production of rubber and non-rubber grade Silica at the plant in Tamil Nadu. The operating revenue of Tata Chemicals ranged over INR 500 crores in the financial year ended March 2021 and booked a net worth increase of 1.54% in the same period. The stock prices gave a stellar return to its investors as it rose by 2.7 times (as of April 2021) during the last six months.

Registered Address

Bombay House, 24 Homi Mody Street Fort, Mumbai, Maharashtra, 400001

Tel : 91-22-66658282
Email : investors:tatachemicals.com
Website : http://www.tatachemicals.com
Registrar

TSR Consultants P Ltd

AGM Date (Month) : Jun
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 500770
NSE Code : TATACHEM
Book Closure Date (Month) : Jun
BSE Group : A
ISIN : INE092A01019

FAQ’s on Tata Chemicals Ltd Shares

You can buy Tata Chemicals Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Tata Chemicals Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Mar 28, 2024 03:59 PM the closing price of Tata Chemicals Ltd was ₹ 1,080.90.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Mar 28, 2024 03:59 PM, the market cap of Tata Chemicals Ltd stood at ₹ 27,536.58.

The latest PE ratio of Tata Chemicals Ltd as of Mar 28, 2024 03:59 PM is 15.84

The latest PB ratio of Tata Chemicals Ltd as of Mar 28, 2024 03:59 PM is 0.78

The 52-week high of Tata Chemicals Ltd share price is ₹ 1,349.00 while the 52-week low is ₹ 921.65

According to analyst recommendations, Tata Chemicals Ltd Share has a “Buy” rating for the long term.

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