Loading…
World's second-largest soda ash producer, plus specialty chemicals (silica) and a new battery-materials business, part of Tata Group.
World's second-largest soda ash producer, plus specialty chemicals (silica) and a new battery-materials business, part of Tata Group.
Sells soda ash in bulk, mostly to glass and detergent makers, from plants in India, the US, Kenya and the UK, so global soda ash prices and energy costs set profitability. It is part of the Tata group, one of India's largest conglomerates.
Moat: narrow (scale, cost advantage). Global soda-ash scale (natural + synthetic) gives cost advantages, but the commodity remains cyclical and capital-intensive.
Headquarters: Mumbai, India · Founded: 1939 · Employees: 13,956
Size Tata Chemicals (TATACHEM.NS) is an India Materials company (Chemicals: Agricultural) with a market value of $1.64B, the 428th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹607.45 on 6 Nov 2026.
Performance Over six months the shares fell 24.6%, against -25.7% for the median peer and 0.0% for the India market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue grew 2.0% over the last twelve months (peer median +6.1%); the operating margin is 3.3% (peer median 7.7%).
Valuation It trades at 85.9× forward earnings against a peer median of 15.5× (most expensive of 19).
Capital Return on invested capital runs 12.6 points below its cost of capital (14.3% WACC).
Next results Next results expected around 7 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹151B | ₹146B | ₹149B | ₹154B | ₹168B |
| Revenue growth | — | -2% | -3% | -8% | — |
| Gross profit | ₹66.3B | ₹51.6B | ₹52.0B | ₹58.3B | ₹66.9B |
| EBITDA | ₹17.5B | ₹18.1B | ₹19.5B | ₹28.8B | ₹38.8B |
| Net income | -₹21.6B | -₹19.0B | ₹2.35B | ₹2.68B | ₹23.2B |
| Free cash flow | n/a | -₹1.66B | -₹4.05B | ₹9.85B | ₹12.3B |
| Capital expenditure | n/a | ₹12.1B | ₹20.1B | ₹18.3B | ₹15.8B |
| Total debt | n/a | ₹80.0B | ₹70.7B | ₹55.6B | ₹63.0B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Tata Chemicals TATACHEM.NS | $1.64B | -25% | +2% | 3% | 85.9× | n/a |
| GHCL GHCL.NS | $406M | -21% | +2% | 20% | 7.7× | -2.5% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | TATACHEM.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.4% | -8.3% | 4th highest of 21 |
| 6-month return | -24.6% | -25.7% | 10th highest of 21 |
| Distance from 52-week high | -33.2% | -34.7% | 10th highest of 21 |
| Revenue growth (TTM) | +2.0% | +6.1% | 5th lowest of 21 |
| Operating margin | 3.3% | 7.7% | 4th lowest of 21 |
| Forward P/E | 85.9× | 15.5× | most expensive of 19 |
| ROIC minus cost of capital | -12.6 pp | +0.9 pp | lowest of 21 |
| EV / EBITDA | 8.8× | 11.7× | 4th cheapest of 8 |
| Net debt / EBITDA | 3.9× | 0.1× | 3rd most indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Tata Chemicals TATACHEM.NS | India | $1.64B | -25% | +2% | 3% | 85.9× | n/a | n/a |
| Atul ATUL.NS | India | $1.63B | -26% | +18% | 12% | 19.7× | 18.2% | +11.0% |
| Hubei Yihua Chemical Industry 000422.SZ | China | $1.60B | -42% | +15% | 5% | 15.2× | n/a | n/a |
| Bayer Cropscience India BAYERCROP.NS | India | $1.58B | -28% | -5% | 15% | 19.5× | 16.1% | +5.9% |
| Paradeep Phosphates PARADEEP.NS | India | $1.57B | +12% | +31% | 7% | 17.6× | n/a | n/a |
| Sumitomo Chemical India SUMICHEM.NS | India | $1.74B | -34% | -3% | 18% | 28.1× | 23.4% | +4.1% |
| Deepak Fertilisers and Petrochemicals DEEPAKFERT.NS | India | $1.54B | -14% | +14% | 13% | 10.1× | n/a | n/a |
| Zhejiang Xinan Chemical Industrial 600596.SS | China | $1.75B | -31% | +5% | 2% | 22.9× | 12.4% | +3.1% |
| China XLX Fertiliser 1866.HK | Hong Kong | $1.51B | -27% | +24% | 8% | 6.7× | n/a | n/a |
| Lier Chemical 002258.SZ | China | $1.85B | +20% | +6% | 8% | 21.0× | n/a | n/a |
| Shenzhen Batian Ecological Technique 002170.SZ | China | $1.44B | -29% | +3% | 23% | 7.1× | -8.1% | +18.8% |
| Holitech Technology 002217.SZ | China | $1.41B | -58% | +17% | 2% | n/a | 45.7% | -37.1% |
| Sichuan Development Lomon 002312.SZ | China | $1.93B | -36% | +5% | 6% | 35.0× | 8.2% | +14.0% |
| Huapont Life Sciences 002004.SZ | China | $1.39B | -5% | -6% | 11% | n/a | -8.7% | +1.1% |
| Chengdu Wintrue 002539.SZ | China | $2.09B | -24% | +6% | 6% | 11.7× | n/a | n/a |
| Jiang Su Suyan Jingshen 603299.SS | China | $1.28B | -18% | -5% | 5% | 25.9× | n/a | n/a |
| Stanley Agricultural 002588.SZ | China | $1.27B | -33% | +3% | 8% | 8.8× | n/a | n/a |
| Shenzhen Noposion Crop Science 002215.SZ | China | $1.25B | -23% | +12% | 13% | 9.3× | -3.9% | +6.9% |
| E.I.D.-Parry (India) EIDPARRY.NS | India | $1.21B | -24% | +16% | 7% | 11.4× | n/a | n/a |
| Taiwan Fertilizer 1722.TW | Taiwan | $1.18B | -15% | +4% | -16% | 13.7× | 0.0% | +3.5% |
| CAC Nantong Chemical 301665.SZ | China | $1.17B | -26% | +27% | 13% | 15.8× | -1.7% | +11.9% |