EN DE
Check 35,000+ stocks against 26 valuation models and 37 quality factors
Data-driven stock valuation

Thirumalai Chemicals Limited (500412) fair value: what the stock is really worth

As of Oct 1, 2026: fair value of Thirumalai Chemicals Limited ₹31.11, price ₹147, upside -78.8%, quality 16 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
  3. Add to watchlist

Basic Materials · IN · ISIN INE338A01024

TC Thin data Sep 24, 2026

Thirumalai Chemicals Limited

500412 · BSE

Weakest SetupStrongly overvalued and low quality.

!Fair value ₹31.11 · Strongly overvalued (−78.8%)
!Quality 16/100
!Weak Growth (revenue 5y +9.8 %/yr)
!Loss-making · -9.7% net margin (FY2025)
!Moderate debt · negative free cash flow
!Evidence only low, so the estimate is less certain
Watch Thirumalai Chemicals Limited for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card. Watch for free Pro now: $1 first month

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

₹385.65 ₹95.87 Fair Value ₹31.11 May 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.

How to read this chart

60‑month range ₹95.87 – ₹385.65 · fair‑value band ₹23.68 – ₹37.51 · the ₹146.60 price screens above the ₹31.11 fair value. Dashed = 300-day average. As of Sep 24, 2026.

Which stocks are undervalued right now? Check free Discover now →

Company profile

Thirumalai Chemicals Limited manufactures and sells chemical products and intermediaries in India. The company operates through Chemicals and Power Generation segments. It offers phthalic anhydride; maleic anhydride; malic acid; fumaric acid; and fine chemicals, including diethyl phthalate. The company also generates power from wind operated generators.

Show more

Thirumalai Chemicals Limited manufactures and sells chemical products and intermediaries in India. The company operates through Chemicals and Power Generation segments. It offers phthalic anhydride; maleic anhydride; malic acid; fumaric acid; and fine chemicals, including diethyl phthalate. The company also generates power from wind operated generators. It serves the plastics, paints, food, cosmetic, and pharmaceutical industries. The company also exports its chemical products to approximately 34 countries. Thirumalai Chemicals Limited was founded in 1946 and is based in Mumbai, India.

Stock analysis

Thirumalai Chemicals Limited (500412) currently trades at ₹146.60, while our model-based Fair Value estimate is ₹31.11, 78.8% below the price, so the stock looks overvalued today.

Show more

Valuation

Bull case: the Asset-Based group reads highest at a median of ₹273.22 per share, and 1 of the 3 models we run sit above the ₹146.60 price.

Bear case: the Dividend Discount group reads lowest at ₹24.03, and 2 of the 3 models stay below the price. Evidence for this calculation is low.

Scenario range: ₹23.68 (bear) to ₹37.51 (bull), the price of ₹146.60 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 16/100 (below-average quality), in the Basic Materials sector.

Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.

Thirumalai Chemicals Limited reported revenue of ₹17.4B in FY2025 versus ₹20.0B in FY2021, a compound −3.5%/yr. Reported net income was −₹1.7B in FY2025.

Key figures

Market cap ₹5.6B (≈ $58.4M) · P/E ratio 24.3 · EPS (TTM) ₹2.26 · Dividend yield 1.8% · Net margin −9.7% · Return on assets (EBIT) 4.7% · Free cash flow −₹7.3B · Net debt ₹20.3B.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).

What moves the price

The share trades about 49% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Basic Materials peers we cover trades at −39% fair-value upside, at −79%, 500412 screens richer than that median.

Fair Value models

Bear ₹23.68 Fair Value ₹31.11 Bull ₹37.51
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (₹1.71 per share) are deliberately not added. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
Gordon GGM ₹18.60 ₹24.37 ₹29.30 67
DDM Multi-Stage ₹18.60 ₹24.03 ₹29.17 65
NCAV (Graham) ₹203.90 ₹273.22 ₹407.79 54
All 3 models by family
Dividend Discount
Gordon GGM ₹18.60 ₹24.37 ₹29.30 67
DDM Multi-Stage ₹18.60 ₹24.03 ₹29.17 65
Asset-Based
NCAV (Graham) ₹203.90 ₹273.22 ₹407.79 54

Open the full fair value analysis →

Notify me when 500412 reaches fair value

Put 500412 on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.

Set up alert →

Quality Score breakdown

Overall quality 16/100

Of which business quality 14 · Market factors (momentum, volatility) 14

Profitability 8
Margins and returns on capital today
Quality Growth 25
Are margins and returns improving?
Cashflow 6
Earnings quality: real cash, not paper profit
Fin. Strength 20
Balance sheet, leverage, solvency risk
Investment 18
Disciplined investing over empire-building
Low Volatility 37
Calm price path (market factor)
Momentum 6
Price trend over the last 3–12 months (market factor)
52W Momentum 1
Distance to the 52-week high (market factor)
Net Issuance 12
Share count: buybacks or dilution?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 22/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−15.3%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−6.6%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.8%
Start year 2020 (pandemic). Over 10 years: +6.3% a year
Revenue growth 10 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.3%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
15.8% (2020) → −7.1% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

500412 screens overvalued: fair value 79% below the price. Compare with Linde plc →

Compare Thirumalai Chemicals Limited with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Specialty Chemicals · 691 stocks

Beats the industry median on 2/10 measures
Overall it trails its industry peers.
Valuation
Quality Score 16 · Bottom 25%
Fair Value upside −83.5% · Bottom 25%
Profitability
Return on assets 0.0% · Bottom 25%
Net margin (TTM) 0.0% · Bottom 25%
Operating margin (TTM) 0.0% · Bottom 25%
Growth and dividend
Revenue growth 0.0% · Below median
Dividend yield (TTM) 1.8% · Above median
Balance sheet
Debt / equity 1.00× · Highest 25%

Valuation Multiplesvs Specialty Chemicals median · lower = cheaper

P/E (TTM) 24.3× · Pricier than median
EV/EBITDA 7.0× · Cheaper than median

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Specialty Chemicals stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Linde plc LIN $474.65 $441.72 −7%
The Sherwin-Williams Company SHW $330.44 $151.68 −54%
Ecolab Inc ECL $274.58 $96.56 −65%
Air Products and Chemicals, Inc APD $279.19 $121.30 −57%
Nan Ya Plastics Corporation 1303 238.00 TWD 234.23 TWD −2%
Givaudan SA GIVN CHF 3,360 CHF 1,527 −55%
Wanhua Chemical Group 600309 ¥69.45 ¥68.03 −2%
DSM-Firmenich AG DSFIR CHF 92.30 CHF 29.70 −68%
Asian Paints Limited ASIANPAINT ₹2,444 ₹1,479 −39%
PPG Industries, Inc PPG $104.67 $76.98 −26%

Explore undervalued stocks

More undervalued Basic Materials stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screenerFilter by region, size and sector Compare toolTwo stocks side by side Extrinsic Value Calculator…Calculator with industry benchmark Peter Lynch Fair Value Formula &…Calculator with industry benchmark
Run the numbers yourself: free valuation calculators
DCF CalculatorGraham NumberPeter Lynch FormulaDDM CalculatorFama-French ModelIntrinsic Value
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Thirumalai Chemicals Limited · Fair Value
₹31.11 −79%Fair Value
Calculator →

Cite: Fair Value Calculator (2026). "Thirumalai Chemicals Limited Fair Value". https://www.fairvalue-calculator.com/stock/500412

Frequently asked questions

Is Thirumalai Chemicals Limited (500412) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of ₹31.11 versus a price of ₹146.60, about −79% upside (overvalued).
What is the fair value of 500412?
Our model-based fair value for Thirumalai Chemicals Limited is ₹31.11 (as of Sep 24, 2026), built from audited fundamentals. The current price: ₹146.60.
What is the quality score of 500412?
Thirumalai Chemicals Limited has a Quality Score of 16/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Thirumalai Chemicals Limited (500412)?
Our model-based price target is the fair value of ₹31.11 (as of Sep 24, 2026) from 3 valuation models. Cautious scenario ₹23.68, optimistic scenario ₹37.51. It is a calculation from audited fundamentals, not an analyst target.
What is the Thirumalai Chemicals Limited stock forecast for 2026?
Our models put fair value at ₹31.11, about −79% upside versus a price of ₹146.60 (overvalued). Cautious scenario ₹23.68, optimistic scenario ₹37.51. The calculation is refreshed regularly with new filings.
Does Thirumalai Chemicals Limited pay a dividend?
Thirumalai Chemicals Limited currently shows a dividend yield of about 1.82% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Thirumalai Chemicals Limited (500412)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Thirumalai Chemicals Limited it is ₹31.11 per share (as of Sep 24, 2026), against a price of ₹146.60. It is the blended result of 3 valuation models (cash flow, earnings, asset, dividend).
Is Thirumalai Chemicals Limited stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 500412 trades above its calculated fair value: price ₹146.60, fair value ₹31.11, a gap of about −79% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 500412?
No. The price is what the market pays today (₹146.60); the fair value is what the company's own numbers justify (₹31.11). For Thirumalai Chemicals Limited the two are ₹115.49 per share apart. That gap is exactly why we show both numbers side by side.
How much is Thirumalai Chemicals Limited worth?
The market values Thirumalai Chemicals Limited at about ₹5.6B (market capitalisation, as of Sep 24, 2026). Per share that is ₹146.60; our models calculate a fair value of ₹31.11 per share.
What do the bullish and bearish scenarios say about 500412?
Our models span a range for Thirumalai Chemicals Limited: cautious scenario ₹23.68, base ₹31.11, optimistic ₹37.51 per share (as of Sep 24, 2026, price ₹146.60). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 500412?
Thirumalai Chemicals Limited trades at a price-to-earnings ratio of 24.3 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹31.11 is built from several models across several years. Other multiples: EV/EBITDA 7.0.
How solid is the balance sheet of Thirumalai Chemicals Limited (500412)?
Balance-sheet figures for Thirumalai Chemicals Limited (as of Sep 24, 2026): debt of 1.00 per unit of equity. They feed the Quality Score of 16/100, which measures business quality independently of the share price.
How far is 500412 from its 52-week high?
Thirumalai Chemicals Limited trades at ₹146.60, about 49% below its 52-week high of ₹288.40 and 1% above the low of ₹144.50 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹31.11 is for.
Which stocks are comparable to Thirumalai Chemicals Limited?
From the same area (Basic Materials) we also value Linde plc, The Sherwin-Williams Company, Ecolab Inc, Air Products and Chemicals, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Thirumalai Chemicals Limited stock attractive at the current price?
The data as of Sep 24, 2026: price ₹146.60, calculated fair value ₹31.11 (−79%), Quality Score 16/100, from 3 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 500412 calculated?
We run Thirumalai Chemicals Limited through 3 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹31.11, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Thirumalai Chemicals Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Thirumalai Chemicals Limited (500412)?
The closing price on Oct 1, 2026 was ₹146.60. Our model-based fair value is ₹31.11, about −79% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Thirumalai Chemicals Limited right now?
The price sits above even our optimistic bull case (₹37.51). The favourable scenario is already priced in. Weak quality (16/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Key figures of Thirumalai Chemicals Limited

How large is the market capitalisation of Thirumalai Chemicals Limited (500412)?
The market capitalisation of Thirumalai Chemicals Limited is ₹5.6B (≈ $58.4M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What are the earnings per share of Thirumalai Chemicals Limited (500412)?
Earnings per share at Thirumalai Chemicals Limited are ₹2.26 (price ÷ EPS = P/E 24.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Thirumalai Chemicals Limited (500412)?
The dividend yield of Thirumalai Chemicals Limited is 1.8% (payout 118%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Thirumalai Chemicals Limited (500412)?
The net margin of Thirumalai Chemicals Limited is −9.7% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the EBIT return on assets of Thirumalai Chemicals Limited (500412)?
On an EBIT basis the return on assets of Thirumalai Chemicals Limited is 4.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
How much free cash flow does Thirumalai Chemicals Limited (500412) generate?
The free cash flow of Thirumalai Chemicals Limited is −₹7.3B (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Thirumalai Chemicals Limited (500412) carry?
The net debt of Thirumalai Chemicals Limited is ₹20.3B (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed

Watch Thirumalai Chemicals Limited in the live analysis

One click puts Thirumalai Chemicals Limited on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.