Tuticorin Alkali Chemicals & Fertilizers Ltd

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Tuticorin Alkali Chemicals & Fertilizers Ltd trades at ₹50.0, in a downtrend and 52 weeks into that stage. That is −21.2% against its own 200-day average. It sits at 15% of a 52-week range of ₹44 to ₹86. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 1 straight week.

Today the stock is in a downtrend — week 52 of stage 4, confirmed. At ₹50.0 it trades −21.2% versus its 200-day average and sits at 15% of its 52-week range (₹44–₹86).

Against the market, two honest reads. Cumulative: over the last 10.0 years the stock moved +717% while the NIFTY 500 moved +260% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 1 straight week — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 64th percentile of its own range.

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Tuticorin Alkali Chemicals & Fertilizers Ltd trades at 17.0× P/E, mid-range by its own standards (64th percentile). Its long-run median P/E is 11.9×, measured across 9.9 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 17.0× is mid-range by its own standards (64th percentile), against a long-run median of 11.9× measured over 9.9 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

Why the multiple sits where it does: over the past year annual EPS moved −10.7% against a −42.0% price move — earnings outran the price, pushing the multiple DOWN its own range.

The price move, decomposed: over 10y, of the +23.4%/yr price move, ~−19.3%/yr came from earnings growth and ~+42.7 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.

Put together: the multiple is unremarkable against its own past, so the story rests on the earnings line underneath it, not the multiple.

→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.

Stage: Turning around Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Tuticorin Alkali Chemicals & Fertilizers Ltd reads as turning around on its fundamental arc. Turning around — profit growth swung from −72.7% at the trough to +87.1%, a 3-quarter improving streak (single-quarter readings). The read is built from 9 quarters across 2 curves, on partial evidence.

Why it matters: growth inflections are where re-ratings start — the curves say a turn is forming, so the question becomes whether the next quarters confirm it.

One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.

→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.

4-Factor Sector Score

No sector-relative score — Tuticorin Alkali Chemicals & Fertilizers Ltd is not present in the sector comparison for Chemicals - Inorganic - Caustic Soda/Soda Ash.

The score is a rank WITHIN a peer set: every metric is scored by percentile against the other members. Without the peer set there is no score to state, so none is invented here.

Revenue Revenue is the top line: everything the company billed its customers in the period.

Tuticorin Alkali Chemicals & Fertilizers Ltd reported ₹98.2 Cr of revenue in the Dec 25 quarter, +19.9% year on year. That is the 5th straight quarter of year-on-year growth. Over 10 years it has compounded at 8.9% a year. The last full year, FY25, came in at ₹309 Cr. The last four reported quarters add to ₹335 Cr.

Tuticorin Alkali Chemicals & Fertilizers Ltd reported ₹98.2 Cr of revenue in the Dec 25 quarter, +19.9% year on year. That is the 5th straight quarter of year-on-year growth. Over 10 years it has compounded at 8.9% a year. The last full year, FY25, came in at ₹309 Cr. The last four reported quarters add to ₹335 Cr.

FY25 revenue came in at ₹309 Cr (−3.4% on the year), capping 10 years at 8.9% compound. The latest quarter (Dec 25) printed ₹98.2 Cr, +19.9% year on year — the 5th consecutive quarter of year-over-year growth.

Pace check: the last four quarters averaged +19.3% growth against the decade's 8.9% — the current year is running faster than its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew +17.8% over the last 4 quarters against −8.2%/yr over the last 8 — accelerating; TTM profit −46.5% vs −41.9%/yr — rolling over.

→ Revenue grew — did margins hold as it scaled? Next: 14.8% this quarter (−9.2 pp YoY).

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Tuticorin Alkali Chemicals & Fertilizers Ltd's operating margin is 14.8% in the Dec 25 quarter, −9.2 percentage points against the same quarter a year ago. Across 12 fiscal years the operating margin has ranged −83.0% to 24.0%. The current quarter sits inside that band.

Tuticorin Alkali Chemicals & Fertilizers Ltd's operating margin is 14.8% in the Dec 25 quarter, −9.2 percentage points against the same quarter a year ago. Across 12 fiscal years the operating margin has ranged −83.0% to 24.0%. The current quarter sits inside that band.

The latest quarter's operating margin is 14.8%, −9.2 pp against the same quarter a year ago. Across 12 fiscal years the operating margin has ranged −83.0%–24.0%.

🚨 Why the margin moved: operating margin went −9.2 pp year on year while gross margin went +2.1 pp — the loss came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.

→ Margins slipped — did that reach the bottom line? Next: profit +87.1% in the latest quarter.

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Tuticorin Alkali Chemicals & Fertilizers Ltd earned ₹9.2 Cr of net profit in the Dec 25 quarter, +87.1% year on year. Full-year FY25 profit was ₹62.0 Cr. That is 9.3% of the quarter's revenue. The same quarter a year earlier earned ₹4.9 Cr.

Tuticorin Alkali Chemicals & Fertilizers Ltd earned ₹9.2 Cr of net profit in the Dec 25 quarter, +87.1% year on year. Full-year FY25 profit was ₹62.0 Cr. That is 9.3% of the quarter's revenue. The same quarter a year earlier earned ₹4.9 Cr.

Dec 25 profit was ₹9.2 Cr, +87.1% year on year. On the full year, FY25 printed ₹62.0 Cr (−11.4%).

Why profit moved: revenue contributed +19.9% and the margin −9.2 pp — the quarter was revenue-led despite a thinner margin.

Pace comparison, last four quarters: profit −14.1% vs revenue +19.3%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.

→ Profit rose — but did the cash follow? Next: 8% of the last 3 years' profit arrived as cash.

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years 8% of Tuticorin Alkali Chemicals & Fertilizers Ltd's reported profit arrived as operating cash — a gap worth watching. In FY25 that was ₹−8.0 Cr of operating cash against ₹62.0 Cr of profit. After ₹28.0 Cr of capital spending, ₹−36.0 Cr was left as free cash.

FY25: operating cash of ₹−8.0 Cr against reported profit of ₹62.0 Cr, leaving free cash of ₹−36.0 Cr after ₹28.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 8% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

🚨 Why conversion sits at 8%: the cash cycle stretched 1,142 days between FY20 and FY25 — more of each rupee of profit waits inside the cycle before arriving. Less than 70% of profit arriving as cash is the thing to watch on this page.

Router verdict: conversion is below par and the cash cycle has stretched 1,142 days — the next section's job is to find where the cash is stuck.

→ So follow the cash to where it goes. Next: the 30-day cycle, in money terms.

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Tuticorin Alkali Chemicals & Fertilizers Ltd's cash conversion cycle runs 30 days in FY25, up from −1,112 days in FY20. Capital spending ran ₹292 Cr over the last 3 years. At FY25 sales of ₹309 Cr each day of that cycle holds about ₹0.8 Cr, so roughly ₹25.0 Cr sits inside the business at any moment.

FY25: debtors at 40 days, inventory at 220 days — roughly 7.2 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 30 days, looser than FY20's −1,112.

The full loop: cash goes out to suppliers and production on day 0; stock waits 220 days to sell; customers pay about 40 days after that; and suppliers themselves are paid at 231 days — netting out to the 30-day cycle.

In money terms: at FY25 sales of ₹309 Cr, each day of the cycle holds about ₹0.8 Cr — so the 30-day loop keeps roughly ₹25.0 Cr sitting inside the business at any moment.

On the investment side: capital spending of ₹292 Cr over the last 3 fiscal years against ₹15.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹21.0 Cr (FY25) — capacity paid for but not yet earning.

The synthesis: the working-capital loop is the cash sink the router flagged — watch the cycle, not the P&L.

→ Does all this activity actually earn its cost of capital? Next: ROCE is 38%.

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

Tuticorin Alkali Chemicals & Fertilizers Ltd earns a ROCE of 38% in FY25. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is 20.1% net margin on 0.59× asset turns.

FY25 ROCE is 38%.

Why the return is what it is — the wiring (FY25): 20.1% net margin × 0.59× asset turns × 3.70× balance-sheet leverage ≈ 43.9% on equity. Margin is doing the heavy lifting; leverage is a meaningful part of the equation.

→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.70.

Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.

Tuticorin Alkali Chemicals & Fertilizers Ltd carries ₹98.0 Cr of borrowings against ₹141 Cr of equity in FY25, a debt-to-equity of 0.70. Operating profit covers the interest bill 12×. Over 5 years borrowings went from ₹8.0 Cr to ₹98.0 Cr. Capital spending ran ₹292 Cr across the last 3 of those years.

FY25: borrowings of ₹98.0 Cr against equity of ₹141 Cr — a debt-to-equity of 0.70. Operating profit covers the interest bill 12×. Over 5 years borrowings went from ₹8.0 Cr to ₹98.0 Cr while capital spending ran ₹292 Cr in just the last 3 — part of the build-out is riding on borrowed money.

→ Who owns this, and are they adding or leaving? Next: Foreign institutions cut 4.5 points over 8 quarters.

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

Foreign institutions cut 4.5 points of Tuticorin Alkali Chemicals & Fertilizers Ltd over 8 quarters, the biggest move on the register. That takes foreign institutions to 1.4% of the company. Promoters moved +0.0 points over the same window, to 75.0%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Foreign institutions: −4.5 points over 8 quarters to 1.4%; Promoters: +0.0 points over 8 quarters to 75.0%.

🚨 Why the register moved: foreign institutions drove it (−4.5 points) — distribution into the market’s bid.

→ One last check: does the safety math agree? Next: the balance-sheet safety line.

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Tuticorin Alkali Chemicals & Fertilizers Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

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