Tata Chemicals Limited

BSE:500770 Stock Report

Market Cap: ₹185.8b

Tata Chemicals Future Growth

Future criteria checks 3/6

Tata Chemicals is forecast to grow earnings and revenue by 99.4% and 7.7% per annum respectively. EPS is expected to grow by 95.8% per annum. Return on equity is forecast to be 4.4% in 3 years.

Key information

99.4%

Earnings growth rate

95.84%

EPS growth rate

Chemicals earnings growth18.3%
Revenue growth rate7.7%
Future return on equity4.41%
Analyst coverage

Good

Last updated19 Jun 2026

Recent future growth updates

Recent updates

Narrative Update • Jun 10

500770: Board Review And Dividend Decision Will Shape Measured Future Upside Potential

Analysts have trimmed their price target on Tata Chemicals to about ₹721 from roughly ₹742, pointing to updated assumptions around a lower discount rate, slightly higher revenue growth expectations, a thinner profit margin profile, and a higher future P/E multiple. What's in the News Tata Chemicals has scheduled a board meeting for May 4, 2026, to review and approve audited consolidated and standalone financial results for the quarter and financial year ended March 31, 2026.
Narrative Update • May 27

500770: Capacity Expansion And Margin Pressure Will Shape Balanced Long Term Outlook

Analysts have trimmed their price target for Tata Chemicals to ₹815 from about ₹1,046, pointing to updated assumptions that combine slightly higher revenue growth expectations with reduced profit margin estimates and a higher future P/E multiple. What's in the News A board meeting is scheduled on May 4, 2026, to consider and approve audited consolidated and standalone financial results for the quarter and financial year ended March 31, 2026 (company filing).
Narrative Update • May 07

500770: Upcoming Results And Dividend Decision Will Highlight Earnings Multiple Risk

Analysts keep the fair value for Tata Chemicals steady at ₹566, citing updated assumptions that include a slightly lower discount rate, modestly higher revenue growth, a higher profit margin, and a reduced future P/E, which together support the unchanged price target. What's in the News A board meeting is scheduled for May 4, 2026, to consider and approve audited consolidated and standalone financial results for the quarter and financial year ended March 31, 2026 (Key Developments).
Narrative Update • Apr 21

500770: Future Tamil Nadu Salt Expansion Will Leave Shares Vulnerable To Downside

Analysts have kept the fair value estimate for Tata Chemicals steady at ₹566, with only small tweaks to assumptions such as discount rate, revenue growth, profit margin and future P/E. As a result, the price target itself is unchanged.
Narrative Update • Apr 07

500770: Greenfield Salt Expansion Will Support Future Results Upside Potential

Analysts have trimmed their price target for Tata Chemicals from ₹806.13 to ₹741.63, citing refined assumptions on revenue growth, profit margins, and future P/E expectations. What's in the News Board meeting scheduled for Feb 02, 2026, at 14:00 Indian Standard Time to review unaudited consolidated and audited standalone financial results for the third quarter and nine months ended Dec 31, 2025 (company filing).
Narrative Update • Mar 24

500770: Future Salt Capacity Expansion Will Offset Margin Pressure Risks

Analysts have trimmed their price target on Tata Chemicals from ₹630.00 to ₹566.00, citing updated assumptions on discount rate, revenue growth, profit margins and future P/E as key drivers of the revised valuation. What's in the News Board meeting scheduled on Feb 02, 2026 at 14:00 Indian Standard Time to review the unaudited consolidated and audited standalone financial results for the third quarter and nine months ended Dec 31, 2025 (company filing).
Narrative Update • Mar 10

500770: Greenfield Salt Expansion Will Support Upcoming Results-Driven Upside Potential

The analyst price target for Tata Chemicals has increased by about ₹3, with analysts attributing the change to small adjustments in fair value, discount rate, revenue growth, profit margin, and future P/E assumptions. What's in the News Board meeting scheduled on Feb 2, 2026, at 14:00 Indian Standard Time to review unaudited consolidated and audited standalone financial results for the third quarter and nine months ended Dec 31, 2025 (company filing).
Narrative Update • Feb 23

500770: Greenfield Salt Capacity And Upcoming Results Will Support Bullish Outlook

Analysts have trimmed their fair value estimate for Tata Chemicals from about ₹898.88 to roughly ₹803.22, reflecting updated assumptions for the discount rate, revenue growth, profit margin and future P/E. What's in the News Board meeting scheduled on February 2, 2026 at 14:00 Indian Standard Time to consider and approve the unaudited consolidated and audited standalone financial results for the third quarter and nine months ended December 31, 2025 (Key Developments) Planned investment of ₹515 crore to set up a greenfield manufacturing facility with 210 Kilo Tons Per Annum Iodised Vacuum Salt Dried capacity at Valinokkam in Ramanathapuram district, Tamil Nadu (Key Developments) Valuation Changes Fair Value: Trimmed from about ₹898.88 to roughly ₹803.22, a moderate reduction in the central estimate.
Narrative Update • Feb 09

500770: Future Margin Compression Will Weigh On New Capacity Investments

Analysts have adjusted their price target for Tata Chemicals from ₹780 to ₹630, citing revised assumptions for revenue growth, profit margins, and future P/E expectations in their models. What's in the News Board meeting on Feb 2, 2026 at 14:00 IST to review unaudited consolidated and audited standalone financial results for the third quarter and nine months ended Dec 31, 2025, and to consider a ₹515 crore investment in a greenfield manufacturing facility for 210 KTPA iodised vacuum salt dried capacity at Valinokkam, Ramanathapuram district, Tamil Nadu (company filing).
Narrative Update • Jan 26

500770: Capacity Expansion Plans Will Support Long Term Upside Potential

Analysts have slightly reduced their fair value estimate for Tata Chemicals to ₹1,045.71 from ₹1,051.04, citing updated assumptions for the discount rate, revenue growth, profit margins and future P/E multiples. What's in the News Tata Chemicals has scheduled a board meeting on Feb 2, 2026, to review and approve the unaudited consolidated and audited standalone financial results for the third quarter and nine months ended Dec 31, 2025 (company filing).
Narrative Update • Jan 08

500770: Capacity Expansion Investments Will Support Future Upside Potential

Analysts have trimmed their price target for Tata Chemicals to ₹1,051 from about ₹1,075, citing updated assumptions around the discount rate, revenue growth, profit margins and future P/E multiples in their refreshed models. What's in the News A board meeting is scheduled on Nov 21, 2025 to consider investing ₹135 crore to expand dense soda ash manufacturing capacity at the Mithapur plant.
Narrative Update • Dec 14

500770: Expansion Plans And Margin Outlook Will Drive Upside Potential

Analysts have modestly reduced their price target for Tata Chemicals from ₹1,127 to about ₹1,075, citing slightly lower growth expectations and a higher discount rate, partially offset by improved profit margin assumptions and a more conservative future valuation multiple. What's in the News The board will consider investments of about ₹135 crore to expand dense soda ash manufacturing capacity at the Mithapur plant and about ₹775 crore to expand precipitated silica capacity at the Cuddalore, Tamil Nadu plant, at the November 21, 2025 board meeting (company filing).
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New Narrative • Feb 09

Expansion Into Solar Glass And Lithium Markets Will Improve Operational Efficiency

Growth expected in solar glass and lithium carbonate markets could offset U.S. and Western Europe soda ash demand decline.

Earnings and Revenue Growth Forecasts

BSE:500770 - Analysts future estimates and past financials data (INR Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
3/31/2029183,70110,617N/A28,0564
3/31/2028170,8619,03818,22425,7799
3/31/2027157,9555,6588,80422,0138
3/31/2026145,840-18,96064012,690N/A
12/31/2025146,5501,620N/AN/AN/A
9/30/2025146,9502,020-5016,240N/A
6/30/2025148,1703,190N/AN/AN/A
3/31/2025148,8702,020-2,44017,610N/A
12/31/2024148,530-5,510N/AN/AN/A
9/30/2024149,930-3,4002,30021,960N/A
6/30/2024149,920-1,060N/AN/AN/A
3/31/2024154,2102,82011,82030,160N/A
12/31/2023163,53018,200N/AN/AN/A
9/30/2023167,71020,60015,82032,430N/A
6/30/2023170,12022,650N/AN/AN/A
3/31/2023167,89023,35013,93029,710N/A
12/31/2022158,63120,866N/AN/AN/A
9/30/2022148,56119,8967,25521,643N/A
6/30/2022136,39115,576N/AN/AN/A
3/31/2022126,22012,5303,68016,450N/A
12/31/2021117,7778,014N/AN/AN/A
9/30/2021112,4226,6131,20013,576N/A
6/30/2021108,2895,311N/AN/AN/A
3/31/2021101,9982,5647,95420,373N/A
12/31/202099,4174,293N/AN/AN/A
9/30/202099,5904,3558,30520,129N/A
6/30/2020101,2096,620N/AN/AN/A
3/31/2020103,5688,0665,80717,801N/A
12/31/2019114,88711,995N/AN/AN/A
9/30/2019115,71711,916N/A19,734N/A
6/30/2019114,48911,585N/AN/AN/A
3/31/2019103,3679,319N/A15,823N/A
12/31/2018110,92010,695N/AN/AN/A
9/30/2018108,32813,955N/AN/AN/A
6/30/2018105,87113,319N/AN/AN/A
3/31/2018102,69712,906N/A18,692N/A
12/31/2017128,26212,110N/AN/AN/A
9/30/2017123,8138,930N/AN/AN/A
6/30/2017122,9887,999N/AN/AN/A
3/31/2017103,4618,796N/A35,308N/A
12/31/2016163,3728,854N/AN/AN/A
9/30/2016168,4028,292N/AN/AN/A
6/30/2016173,6048,388N/AN/AN/A
3/31/2016148,7296,964N/A23,319N/A
12/31/2015174,4364,638N/AN/AN/A
9/30/2015176,2305,719N/AN/AN/A
6/30/2015174,1965,740N/AN/AN/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 500770 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (6.9%).

Earnings vs Market: 500770 is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: 500770 is expected to become profitable in the next 3 years.

Revenue vs Market: 500770's revenue (7.7% per year) is forecast to grow slower than the Indian market (10.9% per year).

High Growth Revenue: 500770's revenue (7.7% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 500770's Return on Equity is forecast to be low in 3 years time (4.4%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/19 16:52
End of Day Share Price 2026/06/19 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Tata Chemicals Limited is covered by 28 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ayyathurai Rajkumar360 ONE Capital Market Private Limited
Mukesh SarafAvendus Spark
Ankur PeriwalAxis Capital Limited