As of 5 Nov 2026, Tirupati Starch and Chemicals trades at 20.0× trailing earnings, above the industry P/E of 19.5×, and the shares are 40% below their 52-week high. It earns ROCE of 14% and ROE of 10%, and sales and net profit fell 0.1% and 0.6% a year over 3 years. Debt is 1.64× equity. It is a small-cap company with a market cap of ₹114 Cr, ranked 80th of 127 Packaged Foods companies by market cap; the shares fell 32% over the past year.
- ₹117.50
- ₹119.90
- ₹110.10
- ₹118.85
- 244
Health check
- ReturnsBehind
−31.5% over a year, better than 1 of 7 peers.
- Price tagIn line
P/E 20.0 vs industry 19.5.
- GrowthShrinking
Sales −0.1%, profit −0.6% a year over 3 years.
- ProfitabilityAverage
ROCE 14.2% vs peer median 15.3%.
- Balance sheetStretched
Debt 1.64× equity, interest covered 1.9×, Piotroski 7 of 9.
- Red flags5 to check
Debt is 1.64× equity.
Small cap
Defensive
Key metrics
- Market cap
- ₹114 Cr
- Small cap
- P/E
- 20.0
- Industry 19.5
- Price to book
- 1.70
- Peers 8.88
- Dividend yield
- 0.00%
- ROE
- 10.1%
- Peers 14.8%
- ROCE
- 14.2%
- Peers 15.3%
- Debt to equity
- 1.64
- Debt ₹110 Cr
- EPS (TTM)
- ₹5.94
- OPM (TTM)
- 6.4%
- Net margin 1.5%
- Sales growth
- −0.6%
- Latest quarter vs a year ago
- Profit growth
- −52.0%
- Latest quarter vs a year ago
- Price to sales
- 0.31
- EV/EBITDA 8.5
Strengths and risks
Risks to check
- Debt is 1.64× equity.
- Quarterly profit down 52.0% on a year ago.
- Quarterly sales down 0.6% on a year ago.
- 40% below its 52-week high.
- Interest coverage of only 2.6×.
About Tirupati Starch and Chemicals
Tirupati Starch and Chemicals Limited manufactures and sells starch, dextrose anhydrous, liquid glucose, and other products in India. The company offers maize starch powder, dextrose monohydrate, modified starch, white and yellow dextrin, hydrol, grit, IP starch, husk, and corn gluten and gem products. It serves food, poultry, paper, textiles, pharma and cosmetics, automobiles, and bioplastic industries. The company also exports its products. Tirupati…
- Headquarters
- Dhar
- Employees
- 332
- Sector
- Consumer Defensive
- ISIN
- INE314D01011
- Website
- tirupatistarch.com
Price range
- Avg volume (3M)
- 959
- 1-year return
- minus 31.5%
- From 52-week high
- minus 40.0%
Peers · Packaged Foods
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NESTLEINDNestle India | 1,282.10 | plus 1.89% | 2,47,229 | 60.6 | 42.76 | – | 79.9% | 21.0% | – | – | 0.94% | minus 0.5% |
| BRITANNIABritannia Industries | 4,785.00 | minus 3.92% | 1,15,255 | 43.2 | 27.13 | 61.2% | 66.7% | 18.4% | 5.7% | 3.0% | 1.89% | minus 15.5% |
| TATACONSUMTata Consumer Products | 1,086.30 | plus 0.80% | 1,07,511 | 63.3 | 4.86 | 8.3% | 7.6% | 14.0% | 13.9% | 8.6% | 0.92% | minus 8.6% |
| PATANJALIPatanjali Foods | 411.50 | plus 0.19% | 44,776 | 22.7 | 3.42 | 11.2% | 14.8% | 4.2% | 8.7% | 27.0% | 0.98% | minus 28.6% |
| HATSUNHatsun Agro Product | 1,068.10 | plus 0.33% | 23,792 | 66.0 | 12.07 | 20.2% | 19.0% | 10.7% | 11.2% | 29.0% | 1.87% | plus 2.4% |
| MILKYMISTMilky Mist Dairy Food | 297.20 | plus 0.93% | 22,880 | 91.2 | 8.88 | – | 9.7% | 10.1% | – | – | 0.00% | plus 63.7% |
| AWLAWL Agri Business | 167.00 | minus 0.48% | 21,573 | 18.7 | 1.98 | 15.3% | 11.1% | 2.9% | 8.7% | 21.4% | 0.60% | minus 39.5% |
| TIRUSTATirupati Starch and Chemicals | 118.85 | 0.00% | 114 | 20.0 | 1.70 | 14.2% | 10.1% | 6.4% | −0.1% | −0.6% | 0.00% | minus 31.5% |
| Median of 7 peers | – | 0.33% | 44,776 | 60.6 | 8.88 | 15.3% | 14.8% | 10.7% | 8.7% | 21.4% | 0.94% | −8.6% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 92.2 | 89.2 | 91.9 | 89.9 | 91.6 | |
| 85.5 | 85 | 86 | 82.1 | 86.4 | |
| 6.8 | 4.2 | 5.9 | 7.8 | 5.2 | |
| 7.3% | 4.8% | 6.5% | 8.7% | 5.7% | |
| 0.1 | 0.4 | 2.1 | 0.1 | 0.1 | |
| 3 | 2.5 | 2.4 | 2.3 | 2.4 | |
| 2.2 | 2 | 2.1 | 2.1 | 1.9 | |
| 1.7 | 0.1 | 3.5 | 3.5 | 1 | |
| 6.3% | 90.3% | 30.2% | 30.2% | 24.4% | |
| 1.6 | 0 | 2.5 | 2.4 | 0.8 | |
| 1.69 | 0.01 | 2.57 | 2.55 | 0.81 |
Profit & loss
- Sales CAGR 3Y
- −0.1%
- Profit CAGR 3Y
- −0.6%
- EPS CAGR 3Y
- −9.2%
- ROE
- 10.1%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 361 | 302 | 383 | 359 | |
| – | minus 16.3% | +26.7% | minus 6.2% | |
| 340 | 281 | 358 | 334 | |
| 21 | 20.5 | 24.7 | 24.8 | |
| 5.8% | 6.8% | 6.5% | 6.9% | |
| 0.3 | −0 | 3.5 | 2.1 | |
| 8.1 | 9.6 | 10.2 | 9.6 | |
| 5.6 | 7.7 | 7.9 | 8.4 | |
| 7.6 | 3.2 | 10.2 | 8.8 | |
| 13.9% | 30.7% | 26.0% | 26.8% | |
| 6.6 | 2.2 | 7.5 | 6.5 | |
| – | minus 66.6% | +243.1% | minus 14.2% | |
| 9.00 | 2.52 | 7.85 | 6.74 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 8.1 | 9.6 | 9.6 | 9.6 | |
| 37.9 | 44 | 51.3 | 57.6 | |
| 88.7 | 152 | 134 | 108 | |
| 34.4 | 20.8 | 35.2 | 34.5 | |
| 169 | 227 | 230 | 210 | |
| 102 | 125 | 139 | 134 | |
| 46.5 | 32.2 | 41.1 | – | |
| 8.3 | 2.6 | 0.7 | 0.4 | |
| 12.5 | 67 | 49.5 | 75.4 | |
| 169 | 227 | 230 | 210 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 23.3 | −34 | 48.8 | 42.2 | |
| −24.9 | −31.6 | −25.7 | −7.1 | |
| 9.3 | 58.9 | −23.9 | −35.4 | |
| 7.7 | −6.7 | −0.7 | −0.3 | |
| −26.3 | −30.8 | −27 | −7.3 | |
| −3 | −64.8 | 21.8 | 34.9 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
No recent news coverage found.