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THRM.NS NSE (India) Commodity Chemicals

Thirumalai Chemicals Ltd

$205,23
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Mcap
P/E
EV / Rev
Div yield
0,00 %
Op margin
-0,3 %
ROE
-4,0 %
Net margin
-2,2 %
Debt / equity
1,55
Beta
52w range
Volume
Day range
Prev close
$42,08
Open
Next earnings
Ex-dividend
TR 1Y
About

Thirumalai Chemicals Ltd is a chemical manufacturing company that produces and sells commodity chemicals, primarily serving the industrial and agricultural sectors.

Business. Thirumalai Chemicals Ltd (THRM.NS) is an Indian company operating in the commodity chemicals industry within the basic materials sector. The firm is headquartered in India and is primarily listed on the National Stock Exchange of India. As specific segment and geographic details are not provided, the company is described at the industry level as a producer of commodity chemicals.

Classification92 %
SectorBasic Materials
Business sectorChemicals
IndustryCommodity Chemicals
ActivityChemicals
Generated · model-assisted
Sell-side consensus
consensus pending
— buy— hold— sell
Avg 12m price target
Upcoming events
— missing data
See all catalysts →

At a glance

Score
not yet scored
Valuation
valuation pending
Analysts
not yet wired
Ownership
American Century Investment Management, Inc.
largest disclosed fund holder
Profitability
-4,0 %
return on equity
Quality
not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning THRM.
  • Sector rotation

    Sector1D1Mvs mkt
    Materials · THIS SECTOR+2,3 %+6,6 %+1,7 %
    Communication Services+2,2 %−5,5 %+1,6 %
    Energy+0,6 %+3,3 %+0,0 %
    Health Care+0,6 %−0,8 %+0,0 %
    Information Technology+0,6 %+6,7 %+0,0 %
    Consumer Discretionary+0,4 %+7,6 %−0,2 %
    Financials−0,3 %−2,8 %−0,9 %
    Consumer Staples−0,4 %+2,5 %−1,0 %
    Real Estate−0,7 %+10,9 %−1,3 %
    Industrials−1,9 %−3,1 %−2,5 %
    Utilities−1,9 %+28,2 %−2,5 %

    Developing storylines

    No tracked sagas currently linked to THRM.NS. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Macro
    • Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
    • Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
    • Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
    • Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Synthesis

    Business

    Thirumalai Chemicals Ltd (THRM.NS) is an Indian company operating in the commodity chemicals industry within the basic materials sector. The firm is headquartered in India and is primarily listed on the National Stock Exchange of India. As specific segment and geographic details are not provided, the company is described at the industry level as a producer of commodity chemicals.

    Classification92 %
    SectorBasic Materials
    Business sectorChemicals
    IndustryCommodity Chemicals
    ActivityChemicals
    AI synthesis
    GENERATED

    Thirumalai Chemicals Ltd has a debt-to-equity ratio of 1.55, indicating a relatively high level of leverage. The company's liquidity position is assessed as medium, with a current ratio of 1.04, suggesting limited short-term liquidity cushion. Free cash flow is negative at -6,081.4 million INR, and operating cash flow is also negative at -658.8 million INR, indicating cash flow challenges.

    Profitability metrics are weak, with a return on equity of -3.99% and a return on assets of -1.21%, both significantly below the industry median for Commodity Chemicals. The company reported a net loss of 461 million INR and an operating loss of 63.9 million INR, reflecting poor operational performance.

    The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to sector-specific risks. No recent segment disclosures or geographic breakdowns are available in the latest filings.

    The company's revenue growth is expected to remain flat or decline in the current fiscal year, with no clear signs of recovery in the next fiscal year. The negative operating and net income suggest a lack of momentum in improving profitability. Capital expenditures were -6,129 million INR, indicating a significant outflow of cash for investments.

    The risk assessment highlights liquidity concerns, with negative net cash after subtracting total debt. The company's dilution risk is assessed as low, with no recent signs of share issuance or dilution pressure. However, the negative free cash flow and high leverage could limit the company's ability to service debt or fund operations without external financing.

    No recent filings or transcripts are available in the provided data to assess management commentary or strategic direction. The company's financial performance and risk profile suggest a need for close monitoring of liquidity and profitability trends.

    Key takeaways
    • Thirumalai Chemicals Ltd is operating at a net loss with negative free cash flow, indicating significant financial stress.
    • The company's debt-to-equity ratio of 1.55 and negative net cash position highlight liquidity and leverage risks.
    • Return on equity and return on assets are both negative, suggesting poor capital efficiency and profitability.
    • The company's business is concentrated in a single segment, increasing exposure to sector-specific risks.
    • No recent strategic or operational developments are disclosed, and the outlook for revenue growth is uncertain.

    Bull / Bear case

    Generated · model-assisted
    — missing data

    In focus — financials by report

    Valuation

    Market price
    $205,23
    Market cap
    Enterprise value
    P/E
    Non-GAAP P/E
    EV / Revenue
    EV / Op income
    EV / OCF
    P / B
    P / Tangible book
    Tangible book
    $11.56B
    Net cash
    -$16.48B
    Current ratio
    1.0
    Debt / equity
    1.6
    ROA
    -1.2%
    ROE
    -4.0%
    Cash conversion
    143.0%
    CapEx / revenue
    -29.9%
    SBC / revenue
    Dilution ratio
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    Business relationships34 disclosed relationships · 1 type · extracted from filings & disclosures
    Subsidiaries34
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    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    — missing data

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskMedium
    Filing-based flags
    • Net cash is negative after subtracting total debt.

    Benchmarks vs cohort

    Op Margin-0,3 %Bottom quartile
    Net Margin-2,2 %Bottom quartile
    ROE-4,0 %Bottom quartile
    Capex / Rev-29,9 %Bottom quartile
    D/E1,55Bottom quartile
    Cash Conv1,43Above median

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    How metrics are computed
    • Dilution Ratio
      (shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
    • Net Cash
      cash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
    • Capex To Revenue
      capital_expenditure / revenue
    • Return On Equity
      net_income / total_equity
    • Debt To Equity
      (short_term_debt + long_term_debt) / total_equity
    • Cash Conversion Ratio
      operating_cash_flow / net_income
    Source documents
    • Thirumalai Chemicals Ltd Market data — financials · 2026-05-29

    Ownership & reference

    Top holders

    • American Century Investment Management, Inc.Investment Managers · as of 2026-03-310,01 %$21M
    • Dimensional Fund Advisors, L.P.Investment Managers · as of 2026-03-310,01 %$41M
    • Arrowstreet Capital, Limited PartnershipInvestment Managers · as of 2026-03-310,01 %$15M
    • BlackRock Institutional Trust Company, N.A.Investment Managers · as of 2024-06-300,01 %$241M
    • AMERIPRISE FINANCIAL INCInstitutional Investor · as of 2026-03-310,00 %$13M
    • Principal Global Investors (Equity)Investment Managers · as of 2026-03-310,00 %$5M
    • Charles Schwab Investment Management, Inc.Investment Managers · as of 2026-03-310,00 %$14M
    • EATON VANCE MANAGEMENTInstitutional Investor · as of 2022-09-300,00 %$0M
    • Vanguard Capital Management, LLCInvestment Managers · as of 2025-12-310,00 %$121M
    • Invesco QQQ TrustFunds · as of 2026-03-310,00 %$10M
    • AQR Capital Management, LLCInvestment Managers · as of 2026-03-310,00 %$3M
    • Geode Capital Management, L.L.C.Investment Managers · as of 2026-03-310,00 %$21M
    • Northern Trust Investments, Inc.Investment Managers · as of 2026-03-310,00 %$9M
    • State Street Investment Management (US)Investment Managers · as of 2026-03-310,00 %$35M
    • Bank of New York Mellon CorpInstitutional Investor · as of 2026-03-310,00 %$6M
    • Nuveen LLCInvestment Managers · as of 2024-12-310,00 %$3M
    • Raymond James & Associates, Inc.Brokerage Firms · as of 2026-03-310,00 %$3M
    • First Trust Advisors L.P.Investment Managers · as of 2026-03-310,00 %$1M
    • Morgan Stanley Smith Barney LLCInvestment Managers · as of 2026-03-310,00 %$12M
    • Goldman Sachs Asset Management, L.P.Investment Managers · as of 2026-03-310,00 %$5M
    • UBS Financial Services, Inc.Investment Managers · as of 2026-03-310,00 %$4M
    • Franklin Advisers, Inc.Investment Managers · as of 2026-03-310,00 %$2M
    • AllianceBernstein L.P.Investment Managers · as of 2026-03-310,00 %$2M
    • Victory Capital Management Inc.Investment Managers · as of 2026-03-310,00 %$1M
    • JANUS HENDERSON GROUP PLCInstitutional Investor · as of 2026-03-310,00 %$0M
    • T. Rowe Price Associates, Inc.Investment Managers · as of 2026-03-310,00 %$0M
    • Wells Fargo AdvisorsBrokerage Firms · as of 2026-03-310,00 %$0M
    • PNC Investments LLCInvestment Managers · as of 2026-03-310,00 %$0M
    • FMR LLCInstitutional Investor · as of 2026-03-310,00 %$0M
    • JONES FINANCIAL COMPANIES LLLPInstitutional Investor · as of 2026-03-310,00 %$0M

    Leadership

    • Phil M. EylerPresident, Chief Executive Officer, Director

    Insider activity

    Net selling0 buys · 1 sellsnet -$203K17 insiders · last 365d
    • Kauffman Wayne S IIISVP and General Counsel · Common StockSold 4 700 @ $43,21$203K · 2026-07-29
    • Washington Kenneth EDirector · Common StockOther 4 292 · 2026-05-14
    • Stacey JohnDirector · Common StockOther 4 292 · 2026-05-14
    • Meter ElizabethDirector · Common StockOther 4 292 · 2026-05-14
    • Kummeth Charles R.Director · Common StockOther 4 292 · 2026-05-14
    • Kowalchik Laura MicheleDirector · Common StockOther 4 292 · 2026-05-14
    • Hundzinski Ronald TDirector · Common StockOther 4 292 · 2026-05-14
    • Heinzmann David WDirector · Common StockOther 4 292 · 2026-05-14
    • Desormiere SophieDirector · Common StockOther 4 292 · 2026-05-14
    • Stocker ThomasPresident, Gentherm Tech. · Common StockOther 1 115 @ $28,64$32K · 2026-03-23
    • Nicholas BreisacherChief Accounting Officer · Common StockOther 353 · 2026-03-23
    • Nicholas BreisacherChief Accounting Officer · Common StockOther 102 @ $28,64$3K · 2026-03-23
    • Barkas RafaelSVP Global Ops & Supply Chain · Common StockOther 2 121 · 2026-03-23
    • Barkas RafaelSVP Global Ops & Supply Chain · Common StockOther 607 @ $28,64$17K · 2026-03-23
    • Runyon Barbara JSVP, CHRO · Common StockOther 2 121 · 2026-03-23
    • Runyon Barbara JSVP, CHRO · Common StockOther 961 @ $28,64$28K · 2026-03-23
    • Wilson JaymiSVP, Chief Strategy Officer · Common StockOther 2 474 · 2026-03-23
    • Wilson JaymiSVP, Chief Strategy Officer · Common StockOther 710 @ $28,64$20K · 2026-03-23
    • Kauffman Wayne S IIISVP and General Counsel · Common StockOther 2 121 · 2026-03-23
    • Kauffman Wayne S IIISVP and General Counsel · Common StockOther 925 @ $28,64$26K · 2026-03-23
    • Stocker ThomasPresident, Gentherm Tech. · Common StockOther 2 474 · 2026-03-23
    • Wang ChenglongVP & General Manager · Common StockOther 266 · 2026-03-23
    • Barkas RafaelSVP Global Ops & Supply Chain · Common StockOther 7 665 · 2026-03-17
    • Douyard Jonathan CEVP, CFO, Treasurer · Common StockOther 14 049 · 2026-03-17
    • Nicholas BreisacherChief Accounting Officer · Common StockOther 1 599 · 2026-03-17

    Short positioning

    1.6Mshares short+2.5% vs prior
    5.42days to cover
    71.6%short of daily vol
    128fails-to-deliver
    as of 2026-07-15 · short-interest report (free)

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    THRM.NSCanonical
    NSE (India) · USD

    Intel & risk

    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskMedium
    Net cash is negative after subtracting total debt.
    Relationship graph
    THRMEX21:019EX21:0d1EX21:0e3EX21:15dEX21:1c7EX21:207EX21:24aEX21:301EX21:348EX21:4a8Commodity Chem
    This companySectorSubsidiaries

    Evidence & claims

    From filings & derived data
    • Gross profit (YoY) (2025-12-31 vs 2024-12-31): -1.2%Derived (calculated)
    • Gross margin (FY 2025-12-31): 24.2%Derived (calculated)
    • Current ratio (FY 2025-12-31): 1.92xDerived (calculated)
    • Debt-to-equity (FY 2025-12-31): 0.94xDerived (calculated)
    • Capex (YoY) (2025-12-31 vs 2024-12-31): -24.1%Derived (calculated)
    • Cash & equivalents (YoY) (2025-12-31 vs 2024-12-31): 19.9%Derived (calculated)
    • Cost of revenue (YoY) (2025-12-31 vs 2024-12-31): 4.3%Derived (calculated)
    • EPS (basic) (YoY) (2025-12-31 vs 2024-12-31): -71.2%Derived (calculated)
    • EPS (diluted) (YoY) (2025-12-31 vs 2024-12-31): -71.4%Derived (calculated)
    • Long-term debt (YoY) (2025-12-31 vs 2024-12-31): -14.1%Derived (calculated)
    • Operating cash flow (YoY) (2025-12-31 vs 2024-12-31): 6.5%Derived (calculated)
    • Operating income (YoY) (2025-12-31 vs 2024-12-31): -22.7%Derived (calculated)
    • R&D expense (YoY) (2025-12-31 vs 2024-12-31): 6.8%Derived (calculated)
    • Revenue (YoY) (2025-12-31 vs 2024-12-31): 2.9%Derived (calculated)
    • Shareholders' equity (YoY) (2025-12-31 vs 2024-12-31): 16.8%Derived (calculated)
    • Total assets (YoY) (2025-12-31 vs 2024-12-31): 11.9%Derived (calculated)
    • Total liabilities (YoY) (2025-12-31 vs 2024-12-31): 7.2%Derived (calculated)
    • Pre-tax income (annual): USD 35.84MSEC XBRL filing
    • EPS (diluted) (annual): USD-PER-SHARES 1SEC XBRL filing
    • Gross profit (annual): USD 362.18MSEC XBRL filing
    • R&D expense (annual): USD 94.76MSEC XBRL filing
    • EPS (basic) (annual): USD-PER-SHARES 1SEC XBRL filing
    • Long-term debt (annual): USD 189.07MSEC XBRL filing
    • Current liabilities (annual): USD 404.31MSEC XBRL filing
    Showing 24 of 58 surfaced claims.
    Atomic claims from regulatory filings and derived calculations. Provenance shown as source kind only.

    The Thread

    Everything we know, in order
    2026-07-29INSIDERKauffman Wayne S III sold 4.7k sh — SVP and General Counsel ~$203k
    2026-07-23 00:00 UTCTRANSCRIPTEarnings call — Q3 2026
    2026-07-23EVENTQ2 2026 earnings (expected) estimated date
    2026-05-19FILING8-K filing →
    2026-05-14 00:00 UTCINSIDER8 insider transactions — 2026-05
    2026-05-14 00:00 UTCINSIDER8 insider transactions — 2026-05
    2026-05-14INSIDERWashington Kenneth E transacted 4.3k sh — Director
    2026-05-14INSIDERStacey John transacted 4.3k sh — Director
    2026-05-14INSIDERMeter Elizabeth transacted 4.3k sh — Director
    2026-05-14INSIDERKummeth Charles R. transacted 4.3k sh — Director
    2026-05-14INSIDERKowalchik Laura Michele transacted 4.3k sh — Director
    2026-05-14INSIDERHundzinski Ronald T transacted 4.3k sh — Director
    2026-05-14INSIDERHeinzmann David W transacted 4.3k sh — Director
    2026-05-14INSIDERDesormiere Sophie transacted 4.3k sh — Director
    2026-04-23FILING10-Q filing →
    2026-04-23FILING8-K filing →
    2026-04-01FILINGDEF 14A filing →
    2026-03-25FILING8-K filing →
    2026-03-23 00:00 UTCINSIDER22 insider transactions — 2026-03 · net sell $127k
    2026-03-23 00:00 UTCINSIDER22 insider transactions — 2026-03 · net sell $127k
    2026-03-23INSIDERStocker Thomas transacted 1.1k sh — President, Gentherm Tech. ~$32k
    2026-03-23INSIDERNicholas Breisacher transacted 353 sh — Chief Accounting Officer
    2026-03-23INSIDERNicholas Breisacher transacted 102 sh — Chief Accounting Officer ~$3k
    2026-03-23INSIDERBarkas Rafael transacted 2.1k sh — SVP Global Ops & Supply Chain
    2026-03-23INSIDERBarkas Rafael transacted 607 sh — SVP Global Ops & Supply Chain ~$17k
    2026-03-23INSIDERRunyon Barbara J transacted 2.1k sh — SVP, CHRO
    2026-03-23INSIDERRunyon Barbara J transacted 961 sh — SVP, CHRO ~$28k
    2026-03-23INSIDERWilson Jaymi transacted 2.5k sh — SVP, Chief Strategy Officer
    2026-03-23INSIDERWilson Jaymi transacted 710 sh — SVP, Chief Strategy Officer ~$20k
    2026-03-23INSIDERKauffman Wayne S III transacted 2.1k sh — SVP and General Counsel
    2026-03-23INSIDERKauffman Wayne S III transacted 925 sh — SVP and General Counsel ~$26k
    2026-03-23INSIDERStocker Thomas transacted 2.5k sh — President, Gentherm Tech.
    2026-03-23INSIDERWang Chenglong transacted 266 sh — VP & General Manager
    2026-03-17FILING8-K filing →
    2026-03-17INSIDERBarkas Rafael transacted 7.7k sh — SVP Global Ops & Supply Chain
    2026-03-17INSIDERDouyard Jonathan C transacted 14.0k sh — EVP, CFO, Treasurer
    2026-03-17INSIDERNicholas Breisacher transacted 1.6k sh — Chief Accounting Officer
    2026-02-27FILING8-K filing →
    2026-02-19FILING10-K filing →
    2026-02-19FILING8-K filing →
    Showing the 40 most recent of 43 entries.
    The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage