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.
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
Contents
Founded in nineteen thirty-nine, Tata Chemicals Limited is engaged in the manufacturing as well as exportation of fundamental and unique chemical products.
Company Name | Tata Chemicals ltd |
Listed | NSE & BSE |
Head Office | Bombay House, 24 Homi Mody Street Fort, Mumbai 400 001 |
Board Of Director |
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Official Website | tatachemicals.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
Metric | Value |
---|---|
Market Cap | ₹ 27,491 Cr. |
Current Price | ₹ 1,079 |
High / Low | ₹ 1,350 / ₹ 933 |
Stock P/E | 35.5 |
Book Value | ₹ 873 |
Dividend Yield | 1.39 % |
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 Equity | 0.25 |
Debt Preceding Year | ₹ 6,296 Cr. |
Reserves | ₹ 21,986 Cr. |
Quick Ratio | 0.53 |
Current Ratio | 0.95 |
Free Cash Flow | ₹ 1,193 Cr. |
Tata Chemicals Quarterly Results
Quarter | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 |
---|---|---|---|---|---|---|---|---|---|
Sales (₹ Cr) | 3,995 | 4,239 | 4,148 | 4,407 | 4,218 | 3,998 | 3,730 | 3,475 | 3,789 |
Expenses (₹ Cr) | 2,980 | 3,319 | 3,317 | 3,442 | 3,175 | 3,191 | 3,188 | 3,032 | 3,215 |
Operating Profit (₹ Cr) | 1,015 | 920 | 831 | 965 | 1,043 | 807 | 542 | 443 | 574 |
OPM % | 25% | 22% | 20% | 22% | 25% | 20% | 15% | 13% | 15% |
Other Income (₹ Cr) | 71 | 102 | 30 | 86 | 67 | 187 | 98 | -861 | 116 |
Interest (₹ Cr) | 80 | 86 | 107 | 133 | 123 | 145 | 132 | 130 | 133 |
Depreciation (₹ Cr) | 213 | 218 | 227 | 234 | 229 | 234 | 246 | 271 | 273 |
Profit before Tax (₹ Cr) | 793 | 718 | 527 | 684 | 758 | 615 | 262 | -819 | 284 |
Tax % | 20% | 5% | 19% | -1% | 23% | 20% | 26% | 3% | 33% |
Net Profit (₹ Cr) | 637 | 680 | 425 | 692 | 587 | 495 | 194 | -841 | 190 |
EPS (₹) | 23.12 | 24.65 | 15.35 | 27.83 | 20.88 | 16.80 | 6.20 | -33.36 | 5.89 |
CAGR Report
Metric | 10 Years | 5 Years | 3 Years | TTM/1 Year |
---|---|---|---|---|
Compounded Sales Growth | 0% | 8% | 15% | -12% |
Compounded Profit Growth | 10% | -13% | 27% | -65% |
Stock Price CAGR | 19% | 33% | 9% | -1% |
Return on Equity | 14% | 13% | 7% | 2% |
Year | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Jun 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 Shareholders | 1,79,207 | 1,78,539 | 1,87,153 | 3,98,693 | 6,22,791 | 6,21,483 | 7,58,572 | 7,45,594 |
Year | Initial Target | Mid-Year Target | Year-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 |
Month | Target |
January | ₹1620 |
February | ₹1652 |
March | ₹1685 |
April | ₹1629 |
May | ₹1575 |
June | ₹1523 |
July | ₹1584 |
August | ₹1647 |
September | ₹1713 |
October | ₹1747 |
November | ₹1782 |
December | ₹1818 |
Month | Target |
January | ₹1854 |
February | ₹1891 |
March | ₹1929 |
April | ₹1865 |
May | ₹1803 |
June | ₹1743 |
July | ₹1813 |
August | ₹1886 |
September | ₹1961 |
October | ₹2000 |
November | ₹2040 |
December | ₹2081 |
Month | Target |
January | ₹2123 |
February | ₹2165 |
March | ₹2208 |
April | ₹2134 |
May | ₹2063 |
June | ₹1994 |
July | ₹2074 |
August | ₹2157 |
September | ₹2243 |
October | ₹2288 |
November | ₹2334 |
December | ₹2381 |
Month | Target |
January | ₹2429 |
February | ₹2478 |
March | ₹2528 |
April | ₹2444 |
May | ₹2363 |
June | ₹2284 |
July | ₹2375 |
August | ₹2470 |
September | ₹2569 |
October | ₹2620 |
November | ₹2672 |
December | ₹2725 |
Month | Target |
January | ₹2780 |
February | ₹2836 |
March | ₹2893 |
April | ₹2797 |
May | ₹2704 |
June | ₹2614 |
July | ₹2719 |
August | ₹2828 |
September | ₹2941 |
October | ₹3000 |
November | ₹3060 |
December | ₹3121 |
Month | Target |
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