Company Overview

TECIL Chemicals & Hydro Power Limited (TCPL) was incorporated in 1945, marking its presence as one of the established companies in India's chemical sector. The company was originally promoted by V. P. Varde and M. S. Bhandarkar before being taken over by G. D. Somani and family in 1964. However, the company has undergone significant changes in its ownership structure and business model in recent years.

The company was taken over by Mr. Varghese Kurian via a share purchase agreement and open offer, after which the object clause of the company was altered on 23rd February 2018. The new objective was to enter into the tourism and hospitality industry, representing a strategic shift from its traditional chemical manufacturing business.

Business Operations and Current Status

TECIL Chemicals & Hydro Power Ltd has a complex operational history. The company was previously engaged in the manufacture of Calcium Carbide, Acetylene Black, Ferro Silicon, and Desulphurisation Compounds. It had also diversified into power generation by setting up two hydel power projects. These products found applications across various industries, with calcium carbide being used in the manufacture of Acetylene Gas, PVC, and Desulphurisation Compounds, while Acetylene Black was mainly used for dry cell batteries.

However, the company's current operational status presents challenges. The company has not been carrying out manufacturing operations for the last few years, and its day-to-day expenses are met with funds infused by the Managing Director as unsecured loans. The company is not engaged in any active business and has not generated any revenue in its current state.

Financial Performance

The financial performance of TECIL Chemicals & Hydro Power Ltd reflects its operational challenges. On a consolidated basis, the company reported a loss of ₹ -0.06 crore on a total income of ₹ 0.00 crore for the quarter ended December 2024. For the year ended December 2024, TECIL Chemical & Hydro Power Ltd posted a loss of ₹ -0.06 crore on a total income of ₹ 0.00 crore.

Looking at the trailing twelve-month performance, Tecil Chemicals and Hydro Power Ltd has an operating revenue of ₹ 0.56 Cr. on a trailing 12-month basis. The company's profit trajectory shows volatility with profit figures of -₹0.42 Crs for Mar 2024, -₹1.4 Crs for Mar 2023, and -₹0.38 Crs for Mar 2022.

Key Financial Metrics:

- Revenue (TTM): ₹ 0.56 Cr (as of latest available data)

- Net Loss (Q3 FY25): ₹ -0.06 Cr

- Net Loss (FY24): ₹ -0.06 Cr

- Operating Profit (Q3 FY25): ₹ 0.06 Cr (with a quarter-on-quarter increase of 200%)

Market Performance and Valuation

TECIL Chemical has a market capitalization of ₹ 71.6 Crore, which is up 61.3% in 1 year as per recent data. Different sources report varying market capitalizations, with some indicating ₹ 49 crore and others showing ₹ 46 Cr as of 28-Feb-2025, reflecting the dynamic nature of market valuations.

The stock has shown significant price movement over different periods. Over the past 6 months, the TECIL Chemical & Hydro Power share price has increased by 45.72%, and in the last one year, it has increased by 92.61%. The 52-week high price is ₹ 39.08-40.16, and the 52-week low is ₹ 18.36.

Shareholding Pattern

The promoter holding stands at 47.71%, with promoter holding remaining stable at 47.71 per cent as of Dec 2024. The promoter VARGHESE KURIAN owns 46.48% of the total equity, serving as both chairman and managing director of the company.

Regulatory and Compliance

The company maintains its regulatory compliance with stock exchanges. The exchange sought clarification from Tecil Chemicals & Hydro Power Ltd on April 9, 2025, with reference to price movement. The company has informed BSE about board meetings scheduled to consider and approve unaudited standalone financial results for quarters ended December 31, 2024.

TECIL Chemicals & Hydro Power Ltd represents a company in transition, having moved away from its traditional chemical manufacturing roots while exploring new business opportunities in tourism and hospitality. The company's current operational challenges, reflected in minimal revenue generation and ongoing losses, present both risks and potential opportunities for investors willing to consider its transformation journey.