1. India Stocks

  2. •

    Consumer non-durables

  3. •

    Food: specialty/candy
Tirupati Starch & Chemicals Limited

Tirupati Starch & Chemicals Limited

BBSE:TIRUSTA
109.20
INR
-14.25
(-11.54%)
5.94EPS
21.01P/E
1.20BMarket Cap
Nov 18Next Earn
Tirupati Starch & Chemicals Limited
BSE:TIRUSTA
(Bombay Stock Exchange)

Recent

price

109.20

P/E

ratio

21.01

div

yld

- -

ROIC.AI

2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
93.51
95.95
100.09
97.11
259.41
286.54
326.7
368.91
445.78
319.17
448.27
494.28
346.4
399.01
374.46
378.41
Revenue per Share
0.44
-1.35
1.95
-1.96
-2.49
1.87
2.91
5.32
1.89
1.66
11.8
9
2.52
7.85
6.74
5.94
Basic EPS, GAAP
2.38
-14.58
-29.16
-44.38
-17.35
1.58
45.16
-6.86
4.29
-65.89
-8.52
-4.06
-74.39
22.76
36.42
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
21.11
19.76
24.18
21.99
19.07
21.37
28.65
33.96
35.85
39.68
51.49
56.88
55.93
63.46
70.03
- -
Book Value per Share
21.11
19.76
24.18
21.99
19.07
21.37
28.65
33.96
35.82
39.66
51.48
56.88
55.89
63.41
70
- -
Tangible Book Value per Share
6
6
6
6
6
6
6
6
6
6
7
7
9
10
10
10
Basic Weighted Avg Shares
570
585
610
592
1,581
1,746
1,991
2,248
2,716
1,969
3,138
3,606
3,019
3,826
3,591
3,627
Sales/Revenue/Turnover
1.28
0.29
3.54
3.5
0.65
1.79
2.71
2.69
1.18
2.06
4.34
4.27
4.23
4.41
4.55
4.16
Operating Margin (%)
9
10
10
17
45
46
47
48
48
51
58
56
77
79
84
81
Depreciation Expense
3
-8
12
-12
-15
11
18
32
12
10
83
66
22
75
65
57
Net Income, GAAP
47.66
- -
24.88
193.36
- -
- -
20.58
21.32
26.29
3.48
12.5
13.87
30.71
26
26.77
29.95
Effective Tax Rate (%)
0.47
-1.41
1.95
-2.01
-0.96
0.65
0.89
1.44
0.42
0.52
2.63
1.82
0.73
1.97
1.8
1.57
Profit Margin (%)
92
98
48
-186
-100
50
39
96
-373
5
197
61
215
-48
-116
- -
Working Capital
40
145
283
271
372
375
121
137
140
484
667
632
940
736
533
- -
LT Debt
129
120
147
134
116
130
175
207
218
278
360
460
536
609
672
- -
Total Equity
- -
- -
2.77
-1.54
- -
- -
8.54
10.71
5.53
6.21
12.05
10.56
5.15
6.16
6.37
- -
Return on Invested Capital (%)
- -
- -
4.68
-4.84
- -
- -
9.31
11.86
6.51
6.35
13.72
10.98
5.19
7.52
7.29
- -
Return on Capital (%)
- -
-6.6
8.87
-8.48
-12.11
9.27
11.63
16.99
5.41
4.13
25.9
16.01
4.4
13.15
10.09
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
551
- -
LT Borrowings
- -
533
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
10
10
10
Market Capitalization
1,591
1,183
1,196

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
687
- -
Cash, Cash Equivalents & STI
- -
4
- -
Accounts Receivable, Net
- -
302
- -
Inventories
- -
352
- -
Total Current Liabilities
- -
803
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
551
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
19.52%
19.56%
10.35%
Free Cash Flow
259.73%
375.46%
60.04%
Net Income, GAAP
73.48%
169.49%
-14.21%
Sales/Revenue/Turnover
10.93%
15.72%
-6.15%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
862
1,033
992
975
3,826
2026
922
892
919
899
3,591
2027
916
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
-2.17
0.69
7.73
1.61
7.85
2026
1.69
0.01
2.57
2.55
6.74
2027
0.81
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -
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Business
Tirupati Starch and Chemicals Limited manufactures maize-based starch and dextrose products along with related by-products from its wet corn processing facility in India. Incorporated in 1985 and headquartered in Indore, Madhya Pradesh, with its production plant located at Village Sejwaya, District Dhar, the company produces core products including maize starch powder, dextrose anhydrous IP/BP/USP, dextrose monohydrate, liquid glucose, dextrin (white and yellow), IP starch, Tyrolese, and Vervosize; by-products comprise hydrol, maize bran, maize cattle feed, grit, maize germ, maize gluten, maize husk (dry/wet), corn gluten, and corn germ. It serves industries such as food processing, pharmaceuticals, textiles, and animal feed primarily in the domestic Indian market. The company recently completes a major capital expenditure in 2024 to expand starch capacity from 300 TPD to 450 TPD and introduce liquid glucose production, funded by Rs.45 crore in new term loans and Rs.12.22 crore in promoter equity contributions, with operations expected to enhance revenues from fiscal 2025 onward; it also appoints Mr. Saransh Agrawal as an independent director effective October 1, 2025, and reports consolidated revenues of Rs.386 crore alongside profit after tax of Rs.8 crore for fiscal 2025.