Tata Chemicals

TATACHEM · NSE · Mid Cap

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Specialty Chemicals·Listed·Directness 28/100

Tata Chemicals

Soda ash (solar glass input) and battery materials, including lithium-ion R&D.

Specialty ChemicalsStorage
Hold
Last price
₹757.00
52W: ₹580 – ₹1,027
-26.3% from 52W high
Mkt Cap
₹19.30K Cr
P/E
—
EV/EBITDA
15.1x
ROCE
3.6%
ROE
-0.9%
Book Value
₹832.0
Promoter
38.0%
Real financial data sourced from Screener.in · annual + quarterly statements below

Scoring breakdown

SageOne-style fundamental · TQ-100 technical · solar overlays

B
Fundamental (30%)
NaN
Valuation (20%)
69
Technical (20%)
55
Solar exposure (10%)
28
Policy beneficiary (7.5%)
55
Project pipeline (5%)
55
Governance safety (7.5%)
80

52-week position

Real snapshot from Screener

₹580Current: ₹757₹1,027
P/E
—
P/B
0.9x
Div Yield
1.45%

Investment thesis

One-liner · bull · bear · monitorables

One-liner. Tata Chemicals: ancillary solar input exposure via fluoropolymers / soda ash / silver pastes.

Bull case

Bull case for Tata Chemicals: continued capacity ramp at attractive unit economics, supportive policy (PLI / ALMM / RPO / open access), benign module + commodity cycle, healthy receivable conversion, and re-rating from current valuation as execution beats consensus.

Bear case

Bear case for Tata Chemicals: module/tariff price crash, working-capital blowout from DISCOM receivables, leverage spiking past 4x net-debt/EBITDA, ALMM/PLI delays, Chinese dumping, and de-rating to historical median multiples on growth disappointment.

Key monitorables
  • 01Quarterly capacity commissioned vs guidance
  • 02Receivable days from DISCOMs and large customers
  • 03Net debt / EBITDA trajectory
  • 04Order book to revenue cover

Solar exposure

Directness · policy linkage · BOM

Primary segmentSpecialty Chemicals
Directness28/100
ALMM eligible—
PLI beneficiary—
Imported BOM—

Valuation snapshot

Multiple methods · solar-specific multiples

MethodValueHist %ile
P/E (TTM)——
Forward P/E——
EV/EBITDA15.1x—
EV/Sales1.9x—
P/B0.9x—
FCF Yield2.4%—

Project pipeline

0 tracked projects

No tracked projects.

Financials

Source: Screener.in (consolidated) · ticker TATACHEM · last updated 2026-05-11

Open on Screener.in
Market Cap
₹19.30K Cr
Price
₹757.00
Stock P/E
—
Book Value
₹832.0
ROCE
3.6%
ROE
-0.9%
Div Yield
1.45%
52W Range
₹580 – ₹1,027

Ratio analysis (derived from statements)

Growth · profitability · returns · leverage · cash flow · valuation

Growth
Sales 1Y-2.0%
Sales 3Y CAGR-4.6%
Sales 5Y CAGR3.7%
PAT 1Y-543.2%
PAT 3Y CAGR—
PAT 5Y CAGR—
Profitability
OPM latest12.0%
PAT margin latest-11.8%
PAT margin 3Y avg-2.1%
ROE-0.9%
ROCE3.6%
Asset turnover0.37x
Leverage & cash
D / E0.38x
Net Debt / EBITDA4.43x
Borrowings / Assets20.5%
CFO / EBITDA0.70x
CFO / PAT—
FCF (TTM proxy)₹460 Cr
Valuation
P/E—
EV/EBITDA15.1x
EV/Sales1.87x
P/B0.91x
FCF Yield2.38%
Div Yield1.45%

Annual P&L · 5 years

₹ Crore. Source: Screener.in consolidated.

MetricMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales12,62216,78915,42114,88714,584
Operating Profit2,3053,8202,8471,9531,805
OPM %18%23%18%13%12%
Net Profit1,4052,434435387-1,715
EPS (₹)49.3790.9310.529.22-74.41

Quarterly results · last 4 quarters

₹ Crore.

MetricDec 2024Mar 2025Jun 2025Sep 2025
Sales3,5903,5093,7193,877
OPM %12%9%17%14%
Net Profit-21-49316154

Balance sheet · 5 years

₹ Crore.

ItemMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital255255255255255
Reserves17,99819,46621,98621,33920,951
Borrowings7,0246,2965,5637,0728,001
Fixed Assets—————
Total Assets33,84334,94036,71137,75039,031

Cash flow · 5 years

₹ Crore.

ActivityMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating1,6452,9713,0161,7611,269
Investing-817-1,149-605-1,667-809
Financing-755-2,076-2,49429-670
Net Cash Flow73-254-83123-210

Shareholding pattern

Latest disclosed

Promoters
37.98%
FII
11.90%
DII
22.83%
Public
27.25%
Government
0.03%

Policy linkages

Schemes where this company is a confirmed or likely beneficiary

No direct policy linkages tracked.