Tata Chemicals Share Price Target 2024-2030 Fundamentals & Quarterly Results

Tata Chemicals Share Price Target 2024 2025 2026 2027 2028 2029 2030 Fundamentals & Quarterly Results –Tata Chemicals Limited produces and distributes an extensive range of chemicals as well as agricultural items. The company operates in two distinct reportable segments, which serve as the strategic business divisions for the organization. These segments include basic chemistry products, consisting of soda ash, bulk chemicals such as salt, among others; and specialty products which include advanced materials and nutrition solutions.Tata Chemicals Share Price Target

Latest Update – Tata Chemicals Ltd’s net profit declined by 67.6% YoY to ₹190 crore for the first quarter ending June 30, 2024.

Tata Chemicals Overview

Founded in nineteen thirty-nine, Tata Chemicals Limited is engaged in the manufacturing as well as exportation of fundamental and unique chemical products.

Company NameTata Chemicals ltd
ListedNSE & BSE
Head OfficeBombay House, 24 Homi Mody Street Fort, Mumbai 400 001
Board Of Director
  • Mr.N Chandrasekaran Chairman
  • Mr.Ratan N Tata Chairman Emeritus
  • Mrs.Padmini Khare Kaicker Ind. Non-Executive Director
  • Mr.K B S Anand Ind. Non-Executive Director
  • Dr.C V Natraj Ind. Non-Executive Director
  • Mr.Rajiv Dube Ind. Non-Executive Director
  • Ms.Vibha Paul Rishi Ind. Non-Executive Director
  • Mr.R Mukundan Managing Director & CEO
  • Mr.S Padmanabhan Non Exe.Non Ind.Director
Official Websitetatachemicals.com

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TATA Chemicals Business Profile

This organization is associated with the Tata Group and so it commands an excellent market share in the international soda ash industry. It is spread throughout India, North America, Europe and Africa, among others. Its product portfolio is wide ranging such that it is divided into two segments: Basic Chemistry Products and Specialty Products.

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TCL ranks third globally as far as the production of soda ash is concerned, with about 66% of its total output being naturally made, thus making this sort of production cheaper. It is the world’s 6th largest producer of sodium bicarbonate and also one of the finest agri-services and crop-protection chemical firms in India through Rallis India Limited.

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Basic Chemistry

The company provides organic chemical remedies to well known downstream companies such as makers of glass products, washing products, drug producers, pastry manufacturers and so on. Company’s worldwide value systems comprise of subsidiaries like Tata Chemicals North America, Tata Chemicals Europe, Tata Chemicals Magadi and Tata Chemicals South Africa.

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products

  • soda ash
  • soda bicarbonate
  • cement
  • salt
  • marine chemicals and crushed refined soda
  • halogen products

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Speciality Chemistry

Agro Sciences – Company has a firm grip on 80% of India’s districts thanks to its subsidiary Rallis India that provides various crop protection and agri-inputs.

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Nutritional Sciences – The organization provides a variety of nutritional solutions, prebiotics and healthier substitutes for ordinary sugar.

Material Sciences:  This involves Highly Dispersible Silica and other grades of Precipitated Silica and silica dispersions employed in various industrial sectors like tyres and rubbers.

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Manufacturing Capacity

Soda Ash – approximately 1,091,000 MTPA, Bicarb – about 150,000 MTPAY, Salt – nearly 1,600,000 MTPA; Prebiotic – in the region of 5,000 MTPA; Speciality Silica – somewhere close to 10,000 MTPA are produced at the company’s manufacturing facilities located at different places namely Gujarat or Andhra Pradesh or Tamil Nadu or Maharashtra.

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USA soda ash is installed 2,540,000 tonne per annum while UK is having another unit containing 400,000 tonne and 130,000 tonnes per annum for bicarb salt. The Kenya unit has a capacity of about 350,000 tonnes per year of soda ash.

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Expansion

Located in Inner Mongolia, the firm is increasing its soda ash capacity. As of H1FY24, the soda ash capacity is 4.3 million tonnes which will be upgraded to 5.3 million tons. The extension is going to increase Soda Ash’s ability to 1.85 lacs MT by H2FY24. Already ~2300 crs have been used for this plan as proposed earlier. By March 24, it will additionally expend ~600 crs. The company targets to increase its soda ash production by around 30%, bicarbonate by about 40% and silica by five times during these years. The total financial allocation is approximately 2000 crores during FY24-27.

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Tata Chemicals Fundamentals & Quarterly Results

MetricValue
Market Cap₹ 27,491 Cr.
Current Price₹ 1,079
High / Low₹ 1,350 / ₹ 933
Stock P/E35.5
Book Value₹ 873
Dividend Yield1.39 %
ROCE (Return on Capital Employed)7.81 %
ROE (Return on Equity)2.32 %
Face Value₹ 10.0
FCF Prev Ann (Free Cash Flow Previous Year)₹ 1,427 Cr.
Debt to Equity0.25
Debt Preceding Year₹ 6,296 Cr.
Reserves₹ 21,986 Cr.
Quick Ratio0.53
Current Ratio0.95
Free Cash Flow₹ 1,193 Cr.

Tata Chemicals Quarterly Results

QuarterJun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales (₹ Cr)3,9954,2394,1484,4074,2183,9983,7303,4753,789
Expenses (₹ Cr)2,9803,3193,3173,4423,1753,1913,1883,0323,215
Operating Profit (₹ Cr)1,0159208319651,043807542443574
OPM %25%22%20%22%25%20%15%13%15%
Other Income (₹ Cr)7110230866718798-861116
Interest (₹ Cr)8086107133123145132130133
Depreciation (₹ Cr)213218227234229234246271273
Profit before Tax (₹ Cr)793718527684758615262-819284
Tax %20%5%19%-1%23%20%26%3%33%
Net Profit (₹ Cr)637680425692587495194-841190
EPS (₹)23.1224.6515.3527.8320.8816.806.20-33.365.89

CAGR Report

Metric10 Years5 Years3 YearsTTM/1 Year
Compounded Sales Growth0%8%15%-12%
Compounded Profit Growth10%-13%27%-65%
Stock Price CAGR19%33%9%-1%
Return on Equity14%13%7%2%

Tata Chemicals Shareholding Pattern

YearMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Jun 2024
Promoters (%)30.80%30.63%34.59%37.98%37.98%37.98%37.98%37.98%
FIIs (%)11.08%10.09%9.30%14.03%13.62%14.59%13.84%13.76%
DIIs (%)32.33%37.85%34.17%20.77%19.89%19.77%19.97%19.91%
Government (%)0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%
Public (%)25.76%21.40%21.92%27.19%28.48%27.64%28.18%28.31%
No. of Shareholders1,79,2071,78,5391,87,1533,98,6936,22,7916,21,4837,58,5727,45,594

Tata Chemicals Share Price Target 2024-2030 Forecast

YearInitial TargetMid-Year TargetYear-End Target
2024₹1267.58₹1467.88₹1588.05
2025₹1620₹1523₹1818
2026₹1854₹1743₹2081
2027₹2123₹1994₹2381
2028₹2429₹2284₹2725
2029₹2780₹2614₹3121
2030₹3183₹2992₹3571

TATA CHEMICALS Share Price Target 2025

MonthTarget
January₹1620
February₹1652
March₹1685
April₹1629
May₹1575
June₹1523
July₹1584
August₹1647
September₹1713
October₹1747
November₹1782
December₹1818

TATA CHEMICALS Share Price Target 2026

MonthTarget
January₹1854
February₹1891
March₹1929
April₹1865
May₹1803
June₹1743
July₹1813
August₹1886
September₹1961
October₹2000
November₹2040
December₹2081

TATA CHEMICALS Share Price Target 2027

MonthTarget
January₹2123
February₹2165
March₹2208
April₹2134
May₹2063
June₹1994
July₹2074
August₹2157
September₹2243
October₹2288
November₹2334
December₹2381

TATA CHEMICALS Share Price Target 2028

MonthTarget
January₹2429
February₹2478
March₹2528
April₹2444
May₹2363
June₹2284
July₹2375
August₹2470
September₹2569
October₹2620
November₹2672
December₹2725

TATA CHEMICALS Share Price Target 2029

MonthTarget
January₹2780
February₹2836
March₹2893
April₹2797
May₹2704
June₹2614
July₹2719
August₹2828
September₹2941
October₹3000
November₹3060
December₹3121

TATA CHEMICALS Share Price Target 2030

MonthTarget
January₹3183
February₹3247
March₹3312
April₹3202
May₹3095
June₹2992
July₹3112
August₹3236
September₹3365
October₹3432
November₹3501
December₹3571

Official Website –tatachemicals.com

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