Thirumalai Chemicals Ltd Stock Hits 52-Week Low at Rs.180

Stock Performance and Market Context

On 2 Feb 2026, Thirumalai Chemicals Ltd’s stock touched an intraday low of Rs.180, representing a 2.2% decline during the trading session. This new 52-week low comes after two consecutive days of losses, during which the stock has fallen by 5.54%. The day’s decline of 3.23% notably underperformed the Commodity Chemicals sector by 0.89%, signalling sector-wide pressures but a sharper decline for this particular stock.

The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained bearish momentum. In comparison, the Sensex opened lower by 167.26 points and was trading at 80,532.41, down 0.24%. The Sensex itself is below its 50-day moving average, though the 50DMA remains above the 200DMA, suggesting some underlying market resilience despite short-term weakness.

Over the past year, Thirumalai Chemicals Ltd has delivered a negative return of 33.45%, in stark contrast to the Sensex’s positive 3.86% gain over the same period. The stock’s 52-week high was Rs.328.7, highlighting the extent of the decline from its peak.

Financial Performance and Ratings

Thirumalai Chemicals Ltd’s financial metrics have shown considerable strain over recent quarters. The company reported a decline in net sales by 1.04% in the September 2025 quarter, contributing to a series of four consecutive quarters with negative results. Operating profit has deteriorated sharply, with a compounded annual growth rate of -276.45% over the last five years, underscoring persistent challenges in generating sustainable earnings.

Profit before tax excluding other income (PBT less OI) for the latest quarter stood at a loss of Rs.52.16 crores, a 53.8% decline compared to the average of the previous four quarters. Similarly, the net profit after tax (PAT) was negative Rs.33.38 crores, down 20.1% relative to the prior four-quarter average. Interest expenses have risen significantly, with the latest six-month figure at Rs.43.91 crores, reflecting a 48.24% increase, which adds to the financial burden.

The company’s EBITDA remains negative, contributing to the perception of elevated risk. Over the past year, profits have fallen by 346.6%, while the stock’s return has been negative 33.67%. This underperformance extends beyond the last year, with the stock lagging the BSE500 index over one, three years, and the last three months.

Market Sentiment and Ratings Update

Reflecting these financial difficulties, the company’s Mojo Score stands at 15.0, with a Mojo Grade of Strong Sell as of 29 Oct 2025, an upgrade from the previous Sell rating. The Market Capitalisation Grade is rated 3, indicating a relatively modest market cap within its sector. These ratings underscore the cautious stance adopted by rating agencies based on the company’s recent performance and outlook.

Promoter Activity

In contrast to the stock’s price weakness, promoter confidence appears to have strengthened. Promoters have increased their stake by 1% over the previous quarter, now holding 37.13% of the company’s equity. This increase in promoter shareholding may reflect a longer-term commitment to the business despite current market challenges.

Sector and Broader Market Comparison

The Commodity Chemicals sector has experienced volatility, with some indices such as the S&P BSE FMCG and NIFTY FMCG also hitting 52-week lows on the same day. Thirumalai Chemicals Ltd’s underperformance relative to its sector peers and the broader market highlights the specific pressures faced by the company within this environment.

While the Sensex remains above its 200-day moving average, the index’s dip below the 50-day moving average signals short-term caution among investors. Thirumalai Chemicals Ltd’s share price trajectory, however, remains distinctly weaker, trading below all major moving averages and reflecting a more pronounced downtrend.

Summary of Key Metrics

To summarise, the stock’s new 52-week low of Rs.180 represents a significant milestone in a period marked by declining sales, rising interest costs, and sustained losses. The company’s financial results over the last four quarters have been negative, with key profitability metrics deteriorating sharply. Despite these challenges, promoter stake increases suggest a degree of confidence in the company’s prospects.

Investors and market participants will continue to monitor the stock’s performance in relation to sector trends and broader market movements, as well as any developments in the company’s financial health and operational metrics.

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