Tatva Chintan Pharma Chem (TATVA) had a P/E of 59.7× on 6 Nov 2026, above the industry P/E of 22.1×, and the shares are 24% below their 52-week high. Its ROCE of 7.5% is the lowest among the 7 largest Specialty Chemicals peers, and sales grew 6.0% a year over 3 years while net profit fell 2.6%. Its dividend yield is 0.1%, and debt is 0.21× equity. It is a small-cap company with a market cap of ₹3,756 Cr, ranked 41st of 204 Specialty Chemicals companies by market cap; the shares rose 9.0% over the past year.
- ₹1,650.00
- ₹1,663.00
- ₹1,585.00
- ₹1,665.60
- 55.4K
Health check
- ReturnsIn line
+9.0% over a year, better than 4 of 7 peers.
- Price tagPricier
P/E 59.7 vs industry 22.1.
- GrowthSteady
Sales +6.0%, profit −2.6% a year over 3 years.
- ProfitabilityWeak
ROCE 7.5% vs peer median 24.4%.
- Balance sheetSolid
Debt 0.21× equity, interest covered 22.8×, Piotroski 7 of 9.
- Red flags1 to check
P/E of 59.7 against an industry P/E of 22.1.
Small cap
Defensive
Key metrics
- Market cap
- ₹3,756 Cr
- Small cap
- P/E
- 59.7
- Industry 22.1
- Price to book
- 4.61
- Peers 13.33
- Dividend yield
- 0.12%
- ROE
- 8.0%
- Peers 23.0%
- ROCE
- 7.5%
- Peers 24.4%
- Debt to equity
- 0.21
- Debt ₹170 Cr
- EPS (TTM)
- ₹26.90
- Face value ₹10
- OPM (TTM)
- 19.5%
- Net margin 9.7%
- Sales growth
- +75.9%
- Latest quarter vs a year ago
- Profit growth
- +116.3%
- Latest quarter vs a year ago
- Price to sales
- 5.78
- EV/EBITDA 30.6
Strengths and risks
Strengths
- Quarterly profit up 116.3% on a year ago.
- Quarterly sales up 75.9% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- P/E of 59.7 against an industry P/E of 22.1.
About Tatva Chintan Pharma Chem
Tatva Chintan Pharma Chem Limited engages in the manufacture and sale of specialty chemicals in India, Germany, the United States of America, China, Singapore, and internationally. It offers structure directing agents (SDAs); phase transfer catalysts (PTCs); electrolyte salts for super capacitor batteries; pharmaceutical and agrochemical intermediates, and other specialty chemicals (PASC); and brominated flame retardants. The company serves automotive,…
- Headquarters
- Vadodara
- Employees
- 793
- Sector
- Basic Materials
- ISIN
- INE0GK401011
- Website
- tatvachintan.com
Price range
- Avg volume (3M)
- 92.4K
- 1-year return
- plus 9.0%
- From 52-week high
- minus 24.0%
Peers · Specialty Chemicals
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ASIANPAINTAsian Paints | 2,546.00 | plus 0.88% | 2,44,025 | 50.5 | 35.0 | 24.4% | 18.9% | 0.21 | 1.1% | plus 1.5% |
| SOLARINDSSolar Industries India | 18,608.00 | plus 0.48% | 1,68,384 | 74.4 | 64.1 | 29.5% | 27.8% | 0.22 | 12.4% | plus 35.9% |
| PIDILITINDPidilite Industries | 1,579.00 | plus 1.63% | 1,60,827 | 60.0 | 44.4 | 28.5% | 23.5% | 0.03 | 7.4% | plus 6.8% |
| LINDEINDIALinde India | 6,859.00 | plus 8.73% | 58,496 | 118.4 | 64.2 | 16.3% | 31.5% | 0.23 | – | plus 5.4% |
| BERGEPAINTBerger Paints India | 478.35 | minus 5.28% | 55,776 | 45.4 | 29.4 | 20.6% | 15.3% | 0.15 | 4.2% | minus 6.0% |
| FLUOROCHEMGujarat Fluorochemicals | 4,665.50 | minus 0.94% | 51,251 | 75.9 | 44.0 | 9.6% | 24.1% | 0.26 | −4.5% | plus 28.0% |
| ACUTAASAcutaas Chemicals | 3,786.60 | plus 0.42% | 31,001 | 70.9 | 64.1 | 27.7% | 39.4% | 0.01 | 29.4% | plus 105.6% |
| TATVATatva Chintan Pharma Chem | 1,605.80 | minus 3.59% | 3,756 | 59.7 | 40.2 | 7.5% | 13.8% | 0.21 | 6.0% | plus 9.0% |
| Median of 7 peers | – | 0.48% | 58,496 | 70.9 | 44.4 | 24.4% | 24.1% | 0.21 | 5.8% | 6.8% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 124 | 131 | 134 | 167 | 217 | |
| 101 | 106 | 106 | 135 | 177 | |
| 22.2 | 25.5 | 28.1 | 32.3 | 40.7 | |
| 18.0% | 19.4% | 21.0% | 19.3% | 18.7% | |
| 1 | 1.7 | −0.3 | 2.8 | 1.8 | |
| 0.5 | 0.5 | 1.4 | 2.1 | 2.7 | |
| 9.1 | 9.1 | 9.8 | 10.6 | 10.8 | |
| – | – | – | −1.3 | – | |
| 13.7 | 17.7 | 16.6 | 21.1 | 28.9 | |
| 27.4% | 14.1% | 37.8% | 24.3% | 25.9% | |
| 9.9 | 15.2 | 10.3 | 16 | 21.5 | |
| 4.24 | 6.49 | 4.41 | 6.83 | 9.17 |
Profit & loss
- Sales CAGR 3Y
- +6.0%
- Profit CAGR 3Y
- −2.6%
- EPS CAGR 3Y
- −4.3%
- ROE
- 8.0%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 421 | 390 | 380 | 501 | |
| – | minus 7.2% | minus 2.7% | +31.8% | |
| 353 | 321 | 345 | 404 | |
| 68.3 | 69.7 | 34.6 | 96.3 | |
| 16.2% | 17.9% | 9.1% | 19.2% | |
| −2.2 | 5.7 | 1.6 | 0.3 | |
| 8 | 6.2 | 0.9 | 2.6 | |
| 9.6 | 25.6 | 27.7 | 36.8 | |
| −3.8 | −0.1 | −0 | −0.1 | |
| 44.8 | 43.6 | 7.6 | 57 | |
| −1.6% | 30.3% | 24.6% | 26.2% | |
| 45.5 | 30.4 | 5.7 | 42.1 | |
| – | minus 33.3% | minus 81.2% | +636.1% | |
| 20.52 | 13.26 | 2.44 | 17.98 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 22.2 | 23.4 | 23.4 | 23.4 | |
| 493 | 714 | 715 | 758 | |
| 170 | 14.3 | 36.4 | 120 | |
| 73.8 | 67.4 | 61 | 102 | |
| 759 | 819 | 836 | 1,004 | |
| 427 | 499 | 547 | 627 | |
| 231 | 72.9 | 21.5 | 23.3 | |
| 2.8 | – | 0 | 4.4 | |
| 41.2 | 45.7 | 11.7 | 6.1 | |
| 57.5 | 201 | 256 | 342 | |
| 759 | 819 | 836 | 1,004 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 27.8 | 98 | 24.8 | 31.5 | |
| −101 | −121 | −65.4 | −116 | |
| 37.8 | 30.5 | 16.6 | 78.9 | |
| −35.6 | 8 | −24 | −5.4 | |
| −203 | −129 | −76.3 | −114 | |
| −175 | −30.5 | −51.5 | −82.3 | |
| −4.4 | −4.7 | −4.7 | −2.3 |
Shareholding pattern
- Promoters72.02%
- Public27.98%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 72.02% | 27.98% | 0.00 | |
| 30 Jun 2026 | 72.02% | 27.98% | 0.00 | |
| 31 Mar 2026 | 72.02% | 27.98% | 0.00 | |
| 31 Dec 2025 | 72.02% | 27.98% | 0.00 | |
| 30 Sep 2025 | 72.02% | 27.98% | – |
Major shareholders
Filings & events
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