Thirumalai Chemicals Limited (TIRUMALCHM) - Net Assets
Based on the latest financial reports, Thirumalai Chemicals Limited (TIRUMALCHM) has net assets worth Rs15.32 Billion INR (≈ $165.72 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs43.45 Billion ≈ $469.85 Million USD) and total liabilities (Rs28.12 Billion ≈ $304.12 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check TIRUMALCHM asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs15.32 Billion |
| % of Total Assets | 35.27% |
| Annual Growth Rate | 13.63% |
| 5-Year Change | 43.94% |
| 10-Year Change | 428.35% |
| Growth Volatility | 26.07 |
Thirumalai Chemicals Limited - Net Assets Trend (2006–2025)
This chart illustrates how Thirumalai Chemicals Limited's net assets have evolved over time, based on quarterly financial data. Also explore TIRUMALCHM current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Thirumalai Chemicals Limited (2006–2025)
The table below shows the annual net assets of Thirumalai Chemicals Limited from 2006 to 2025. For live valuation and market cap data, see Thirumalai Chemicals Limited (TIRUMALCHM) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs11.56 Billion ≈ $124.98 Million |
+0.83% |
| 2024-03-31 | Rs11.46 Billion ≈ $123.96 Million |
-3.83% |
| 2023-03-31 | Rs11.92 Billion ≈ $128.90 Million |
+9.85% |
| 2022-03-31 | Rs10.85 Billion ≈ $117.34 Million |
+35.14% |
| 2021-03-31 | Rs8.03 Billion ≈ $86.83 Million |
+25.82% |
| 2020-03-31 | Rs6.38 Billion ≈ $69.01 Million |
-4.45% |
| 2019-03-31 | Rs6.68 Billion ≈ $72.23 Million |
+16.56% |
| 2018-03-31 | Rs5.73 Billion ≈ $61.96 Million |
+93.62% |
| 2017-03-31 | Rs2.96 Billion ≈ $32.00 Million |
+35.29% |
| 2016-03-31 | Rs2.19 Billion ≈ $23.66 Million |
+13.27% |
| 2015-03-31 | Rs1.93 Billion ≈ $20.88 Million |
-10.23% |
| 2014-03-31 | Rs2.15 Billion ≈ $23.26 Million |
+8.11% |
| 2013-03-31 | Rs1.99 Billion ≈ $21.52 Million |
+29.11% |
| 2012-03-31 | Rs1.54 Billion ≈ $16.67 Million |
+17.51% |
| 2011-03-31 | Rs1.31 Billion ≈ $14.18 Million |
+51.00% |
| 2010-03-31 | Rs868.54 Million ≈ $9.39 Million |
+1.89% |
| 2009-03-31 | Rs852.39 Million ≈ $9.22 Million |
-35.05% |
| 2008-03-31 | Rs1.31 Billion ≈ $14.19 Million |
+12.61% |
| 2007-03-31 | Rs1.17 Billion ≈ $12.60 Million |
+14.24% |
| 2006-03-31 | Rs1.02 Billion ≈ $11.03 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Thirumalai Chemicals Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 405340.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs7.59 Billion | 65.64% |
| Common Stock | Rs102.40 Million | 0.89% |
| Other Comprehensive Income | Rs3.67 Billion | 31.77% |
| Other Components | Rs197.10 Million | 1.71% |
| Total Equity | Rs11.56 Billion | 100.00% |
Thirumalai Chemicals Limited Competitors by Market Cap
The table below lists competitors of Thirumalai Chemicals Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
2Seventy Bio Inc
NASDAQ:TSVT
|
$266.14 Million |
|
Bank Multiarta Sentosa PT
JK:MASB
|
$266.17 Million |
|
Xxentria Technology Materials Co Ltd
TWO:8942
|
$266.25 Million |
|
Cohen Circle Acquisition Corp. II Class A Ordinary Shares
NASDAQ:CCII
|
$266.57 Million |
|
Oyster Enterprises II Acquisition Corp Class A Ordinary Shares
NASDAQ:OYSE
|
$266.11 Million |
|
Kenmare Resources PLC
IR:KMR
|
$266.05 Million |
|
Sky ICT Public Company Limited
BK:SKY
|
$266.05 Million |
|
Tigo Energy Inc.
NASDAQ:TYGO
|
$265.93 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thirumalai Chemicals Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 11,462,100,000 to 11,556,700,000, a change of 94,600,000 (0.8%).
- Net loss of 461,000,000 reduced equity.
- Dividend payments of 102,400,000 reduced retained earnings.
- Other comprehensive income increased equity by 657,400,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs-461.00 Million | -3.99% |
| Dividends Paid | Rs102.40 Million | -0.89% |
| Other Comprehensive Income | Rs657.40 Million | +5.69% |
| Other Changes | Rs600.00K | +0.01% |
| Total Change | Rs- | 0.83% |
Book Value vs Market Value Analysis
This analysis compares Thirumalai Chemicals Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.81x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 20.49x to 1.81x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-03-31 | Rs9.96 | Rs204.13 | x |
| 2007-03-31 | Rs11.38 | Rs204.13 | x |
| 2008-03-31 | Rs12.82 | Rs204.13 | x |
| 2009-03-31 | Rs8.33 | Rs204.13 | x |
| 2010-03-31 | Rs8.48 | Rs204.13 | x |
| 2011-03-31 | Rs11.75 | Rs204.13 | x |
| 2012-03-31 | Rs15.05 | Rs204.13 | x |
| 2013-03-31 | Rs19.43 | Rs204.13 | x |
| 2014-03-31 | Rs21.01 | Rs204.13 | x |
| 2015-03-31 | Rs18.86 | Rs204.13 | x |
| 2016-03-31 | Rs21.36 | Rs204.13 | x |
| 2017-03-31 | Rs28.90 | Rs204.13 | x |
| 2018-03-31 | Rs55.96 | Rs204.13 | x |
| 2019-03-31 | Rs65.23 | Rs204.13 | x |
| 2020-03-31 | Rs62.33 | Rs204.13 | x |
| 2021-03-31 | Rs78.42 | Rs204.13 | x |
| 2022-03-31 | Rs105.97 | Rs204.13 | x |
| 2023-03-31 | Rs116.41 | Rs204.13 | x |
| 2024-03-31 | Rs111.95 | Rs204.13 | x |
| 2025-03-31 | Rs112.81 | Rs204.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thirumalai Chemicals Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -3.99%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.25%
- • Asset Turnover: 0.54x
- • Equity Multiplier: 3.29x
- Recent ROE (-3.99%) is below the historical average (9.88%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 14.26% | 4.06% | 0.93x | 3.79x | Rs43.50 Million |
| 2007 | 21.61% | 4.72% | 1.12x | 4.07x | Rs135.33 Million |
| 2008 | 20.32% | 4.54% | 1.33x | 3.37x | Rs135.47 Million |
| 2009 | -53.97% | -9.78% | 1.07x | 5.15x | Rs-545.25 Million |
| 2010 | 29.78% | 4.13% | 1.33x | 5.40x | Rs171.76 Million |
| 2011 | 14.92% | 2.33% | 1.27x | 5.04x | Rs59.15 Million |
| 2012 | 0.60% | 0.09% | 1.39x | 4.91x | Rs-144.93 Million |
| 2013 | 22.02% | 3.19% | 1.73x | 3.99x | Rs239.12 Million |
| 2014 | 5.52% | 0.93% | 1.68x | 3.52x | Rs-96.43 Million |
| 2015 | -7.11% | -1.28% | 1.96x | 2.83x | Rs-330.35 Million |
| 2016 | 14.70% | 3.41% | 1.81x | 2.38x | Rs102.79 Million |
| 2017 | 23.84% | 6.83% | 1.55x | 2.25x | Rs409.53 Million |
| 2018 | 29.75% | 13.00% | 1.59x | 1.44x | Rs1.13 Billion |
| 2019 | 17.01% | 9.03% | 1.10x | 1.71x | Rs467.85 Million |
| 2020 | 3.63% | 2.14% | 0.90x | 1.88x | Rs-406.44 Million |
| 2021 | 14.66% | 10.85% | 0.81x | 1.67x | Rs374.01 Million |
| 2022 | 25.92% | 14.08% | 1.07x | 1.72x | Rs1.73 Billion |
| 2023 | 7.54% | 4.24% | 0.90x | 1.98x | Rs-293.62 Million |
| 2024 | -3.38% | -1.87% | 0.62x | 2.90x | Rs-1.53 Billion |
| 2025 | -3.99% | -2.25% | 0.54x | 3.29x | Rs-1.62 Billion |
Industry Comparison
This section compares Thirumalai Chemicals Limited's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $8,233,598,031
- Average return on equity (ROE) among peers: 14.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thirumalai Chemicals Limited (TIRUMALCHM) | Rs15.32 Billion | 14.26% | 1.84x | $266.13 Million |
| Aarti Industries Limited (AARTIIND) | $16.55 Billion | 20.11% | 1.65x | $1.99 Billion |
| Aarti Surfactants Limited (AARTISURF) | $1.11 Billion | 1.88% | 1.36x | $37.34 Million |
| ABM International Limited (ABMINTLLTD) | $161.33 Million | 4.08% | 2.02x | $4.23 Million |
| Advanced Enzyme Technologies Limited (ADVENZYMES) | $1.66 Billion | 30.02% | 1.39x | $420.87 Million |
| Aether Industries Limited (AETHER) | $22.26 Billion | 7.12% | 0.19x | $1.68 Billion |
| Akzo Nobel India Limited (AKZOINDIA) | $9.20 Billion | 20.25% | 0.96x | $1.45 Billion |
| Alkali Metals Limited (ALKALI) | $528.67 Million | 5.51% | 1.00x | $7.38 Million |
| Alkyl Amines Chemicals Limited (ALKYLAMINE) | $980.47 Million | 17.95% | 1.88x | $838.56 Million |
| Ami Organics Limited (AMIORG) | $576.82 Million | 32.06% | 1.70x | $1.18 Billion |
| Anupam Rasayan India Limited (ANURAS) | $29.31 Billion | 4.39% | 0.57x | $1.65 Billion |
About Thirumalai Chemicals Limited
Thirumalai Chemicals Limited manufactures and sells organic chemicals in India and internationally. It offers phthalic anhydride, maleic anhydride, malic acid, fumaric acid, diethyl phthalate, and fine chemicals and derivatives, as well as generates and sells wind power. The company was founded in 1944 and is based in Chennai, India.