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Tata Chemicals Ltd share Price Today

Company details

1,080.05
1,118.40
933.00
1,349.00
6M Return 12.28%
1Y Return 10.42%
Mkt Cap.(Cr) 27,621.92
Volume 3,184,058
Div Yield 1.38%
OI
-
OI Chg %
-
Volume 3,184,058

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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
Q3FY23

    Reported strong numbers across board largely led by robust realization growth across all geographies in soda ash segment.

    • Reported revenue growth of 32% YoY to ₹ 4148 crore, led by good growth in the basic chemical segment up 42%YoY to ₹ 3473 crore and in speciality products up 27% YoY to ₹ 676 crore
    • Gross margins increased YoY by 311 bps to ~84% while EBITDA margin expanded 488 bps YoY to 22.2%
    • EBITDA was up 69% YoY to ₹ 922 crore. Energy cost improved by 56% YoY to ₹ 901 crore while other expenses increased 16% YoY to ₹ 687 crore
    • Adjusted PAT was at ₹ 391 crore vs. ₹ 301 crore in Q3FY23

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Commodity Chemicals company Tata Chemicals announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

Standalone:

  • Standalone Revenue from operations stood at Rs 1,090 crore as compared to Rs 1,302 crore for corresponding quarter of last year.
  • Standalone Profit After Tax from continuing operations was Rs 217 crore as compared to Rs 213 crore for corresponding quarter of last year.
  • Highest salt production & sales were witnessed during the current quarter. However, Company witnessed lower soda ash volumes and prices and the future price trend is expected to be at same level.

Consolidated:

  • Consolidated Revenue from operations stood at Rs 3,475 crore as compared to Rs 4,407 crore for the corresponding quarter of last year.
  • Consolidated Profit After Tax (before exceptional items and NCI) from continuing operations was Rs 145 crore as compared to Rs 694 crore for corresponding quarter of last year.
  • Revenue and EBITDA were impacted due to lower volumes of soda ash and pricing pressure across all regions.

FY24 Financial Highlights:

Consolidated:

  • For the full year, the income from operations stood at Rs 15,421 crore as compared to Rs 16,789 crore in FY23.
  • EBITDA stood at Rs 2,847 crore as compared to Rs 3,822 crore in FY23.
  • PAT (before exceptional items and Non-Controlling Interest (‘NCI’)) stood at Rs 1,310 crore as compared to Rs 2,452 crore in FY23.

Standalone:

  • For the full year, the income stood at Rs 4,384 crore as compared to Rs 4,930 crore in FY23.
  • PAT stood at Rs 794 crore (before exceptional items) as compared to Rs 1,027 crore in FY23.

Commenting on the results, R. Mukundan, Managing Director & CEO, Tata Chemicals Limited, said, “Overall demand for soda ash in India stayed stable during the quarter on account of rising demand from the detergent and chemical sectors. During the year, salt production & sales were at the highest level. The European soda ash market remained under pressure due to muted demand and margin pressure leading to one-time non-cash charge of Rs 963 crore in UK. The Company’s overall sales volume grew sequentially from the previous quarter, despite adverse price movement on account of market factors. We continue to focus on customer engagement and sustainable performance, whilst maintaining a prudent balance sheet.

Global demand is stable; however, market remains cautious due to ongoing geopolitical instabilities, pressure from Chinese real estate market, high interest rates and situation of oversupply. We expect sustainability trend will drive the demand for newer applications like solar glass and lithium which will fuel growth. Our focus is on timely execution of expansion projects and efficient cost management. We continue to work with our customers and other stakeholders on our sustainability and digitisation efforts.”

Result PDF

View Other Company Results

Tata Chemicals Ltd shares SWOT Analysis

Strengths (5)

  • Company with Low Debt
  • Strong cash generating ability from core business - Improving Cash Flow from operation for last 2 years
  • Book Value per share Improving for last 2 years

Weakness (7)

  • Degrowth in Revenue and Profit
  • Degrowth in Quarterly Revenue and Profit in Recent Results(YoY)
  • Declining Revenue every quarter for the past 4 quarters

Opportunity (0)

Data not found

Threats (2)

  • High PE (PE > 40)
  • Increasing Trend in Non-Core Income

Resistance and support

R1 1,108.4
R2 1,132.6
R3 1,146.8
Pivot

1,094.23

S1 1,070.1
S2 1,055.9
S3 1,031.7
EMA SMA
1,084.2
1,081.8
1,066.7
1,045.8
1,080.5
1,098.3
1,066.1
1,039.4
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 Linde India Ltd SRF Ltd Gujarat Fluorochemicals Ltd
Price 1,084.25 2,972.05 9,111.30 2,289.10 3,228.95
% Change -0.42 -0.57 -0.51 -0.71 2.32
Mcap Cr 27,621.92 151,161.14 77,704.81 67,854.65 35,470.02
Revenue TTM Cr 17,029.00 11,799.10 3,135.52 14,870.25 5,684.66
Net Profit TTM Cr 2,452.00 1,288.87 538.06 2,162.34 1,323.05
PE TTM 36.23 84.78 181.47 50.80 81.51
1 Year Return 10.42 17.32 135.40 -7.35 -3.02
ROCE 11.46 24.24 16.29 21.98 29.38
ROE 12.91 18.93 14.70 22.89 27.07
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 19,721.00 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 36,628.54 -24,386.86
LAST 3M 102,786.44 -29,845.85
LAST 6M 169,824.52 52,410.32
LAST 12M 264,693.58 128,545.97
Tata Chemicals Limited - Copy of Newspaper Publication

May 24, 2024 l NSE Announcement

Tata Chemicals Limited - Loss of Share Certificates

May 23, 2024 l NSE Announcement

Tata Chemicals Limited - Loss of Share Certificates

May 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)
36.23
Promoter Holding
37.98%
Book Value
873.0083
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 May 24, 2024 03:59 PM the closing price of Tata Chemicals Ltd was Rs.1,084.25.

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 May 24, 2024 03:59 PM, the market cap of Tata Chemicals Ltd stood at Rs. 27,621.92.

The latest PE ratio of Tata Chemicals Ltd as of May 24, 2024 03:59 PM is 36.23

The latest PB ratio of Tata Chemicals Ltd as of May 24, 2024 03:59 PM is 0.81

The 52-week high of Tata Chemicals Ltd share price is Rs. 1,349.00 while the 52-week low is Rs. 933.00

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

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