In this article, we will try to analyze the Tata Chemicals share price target for 2024, 2025, 2026, 2027, 2028, 2029, and 2030 based on the company’s financials and various reports from research and brokerage firms.
Table of Contents
Introduction
Tata chemicals Limited is a company of Tata group which deals in basic and speciality chemicals both. The company’s Basic Chemistry product range provides key ingredients to many of the world’s leading brands for glass, biscuit manufacturing, bakeries, detergents, pharma and, other industries.
Tata chemicals Limited is a 3rd largest soda ash producer globally, also Asia’s largest saltworks manufacturer, and the 6th largest sodium bicarbonate manufacturer in the world with 4,600 employees across 4 continents and 13 manufacturing plants across the globe.
Recent News
Dr. Gyanendra Shukla has been appointed as MD & CEO of Rallis India Ltd which is a subsidiary of Tata Chemicals Ltd.
Stock Performance
Tata Chemicals has delivered compound sales growth with a 17% CAGR in the last 3 years.
Tata Chemicals has delivered compound profit growth with a -31% CAGR in the last 3 years.
Tata Chemicals has delivered a stock price CAGR with a 20% in the last 3 years.
Tata Chemicals has delivered a return on equity of 16% CAGR in the last 5 years and 12% in the last year.
Tata Chemicals has been maintaining a dividend payout of 48.0%.
Company Overview-
Tata Chemicals Limited was established in 1939 and has headquartered in Mumbai with operations in across India, Europe, North America and Africa. Tata Chemicals is engaged in manufacturing of Basic Chemistry Products like soda ash, soda bicarbonate, cement, salt, marine chemicals and crushed refined soda and Specialty Products in Agro Sciences, Nutritional Sciences, and Material Sciences.
Tatachem has established Tata NQ- India’s first nutritional science business and pioneered in the production of Fossence (a healthy prbiotic product) for B2B customers across India, North America, Europe, Middle East and Asia. Tata Chemicals Limited has a strong position in the crop protection business through its subsidiary company Rallis India Ltd.
Tata NQ-FOSSENCE is a prebiotic under the brand Tata NQ product of the Nutritional Science division of Tata Chemicals Limited. Tata NQ FOSSENCE is dietary fiber that promotes the growth of gut microbiome, and improves digestive and immune health. Tata NQ’s products find use in across health foods, beverages, cereals, nutraceuticals, confectionary, and sport nutrition food supplements.
For more details about Tata NQ please visit : Tatanq.com
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Financials-
| Market Cap | 28,168 |
| P/E Ratio | 15.42 |
| Industry P/E | 42.13 |
| Debt to Equity | 0.28 |
| Return on Equity | 9.62% |
| Dividend Yield | 1.58% |
Net-profit margin-
| Year | Revenue | Profit |
|---|---|---|
| 2023 | 17,007 | 2,452 |
| 2022 | 12,878 | 1,400 |
| 2021 | 10,434 | 436 |
| 2020 | 10,668 | 1,028 |
| 2019 | 10,746 | 1,163 |
Share-holding Pattern-
Promoters of the company have increased a significant amount in share-holding in the last 5 years. The company has total 6,70,066 share holders according to Dec’23 report.
| Dec’23 | Sep’23 | Jun’23 | Mar’23 | Dec’22 | |
|---|---|---|---|---|---|
| Promoters | 37.98% | 37.98% | 37.98% | 37.98% | 37.98% |
| Retail | 27.51% | 26.95% | 27.65% | 27.66% | 28.63% |
| Foreign Institutions | 14.07% | 14.16% | 14.47% | 14.59% | 14.43% |
| Domestic Institutions | 14.30% | 13.67% | 11.37% | 9.00% | 8.59% |
| Mutual Funds | 6.14% | 7.24% | 8.53% | 10.77% | 10.37% |
Share price targets for Tata Chemicals are highly speculative and influenced by numerous factors, such as market conditions, economic indicators, company performance, industry trends, and many more.
We will predict the Tata Chemicals share price target in 2024, 2025, 2026, 2027, 2028, 2029, and 2030 by analyzing the previous performance and after studying various brokerage and research firm forecasts.
Tata Chemicals share price target: 2024
Tata Chemicals Share price target prediction for 2024 is based on the company’s financials, previous trends, and various brokerage firm reports.
| 2024 | Minimum share price | Maximum share price |
|---|---|---|
| February | 934 | 995 |
| March | 945 | 1250 |
| April | 1020 | 1225 |
| May | 1047 | 1266 |
| June | 1075 | 1388 |
| July | 1122 | 1410 |
| August | 1145 | 1438 |
| September | 1180 | 1545 |
| October | 1225 | 1635 |
| November | 1384 | 1704 |
| December | 1433 | 1733 |
The share price of Tata Chemicals is expected to continue experiencing volatility throughout the year, with a maximum price target of Rs 1733 in December 2024 and a minimum price target of Rs 934 in February 2024. The average price target for Tata Chemicals in 2024 is expected to be around Rs 1456.
Tata Chemicals share price target: 2025
| 2025 | Minimum share price | Maximum share price |
|---|---|---|
| January | 1450 | 1765 |
| February | 1484 | 1795 |
| March | 1545 | 1850 |
| April | 1580 | 1888 |
| May | 1647 | 1966 |
| June | 1675 | 2088 |
| July | 1722 | 2110 |
| August | 1745 | 2168 |
| September | 1780 | 2185 |
| October | 1825 | 2235 |
| November | 1884 | 2384 |
| December | 1933 | 2433 |
The share price of Tata Chemicals is expected to continue experiencing volatility throughout the year, with a maximum price target of Rs 2433 in December 2025 and a minimum price target of Rs 1450 in March 2025. The average price target for Tata Chemicals in 2025 is expected to be around Rs 1975.
Tata Chemicals Share’s price target prediction for 2025 is based on the company’s financials, previous trends, and various brokerage firm reports.
Tata Chemicals share price target: 2026
| 2026 | Minimum share price | Maximum share price |
|---|---|---|
| January | 1950 | 2565 |
| February | 2084 | 2595 |
| March | 2145 | 2650 |
| April | 2280 | 2788 |
| May | 2347 | 2866 |
| June | 2475 | 2988 |
| July | 2522 | 3010 |
| August | 2645 | 3168 |
| September | 2780 | 3285 |
| October | 2825 | 3335 |
| November | 2884 | 3484 |
| December | 2933 | 3433 |
The share price of Tata Chemicals is expected to continue experiencing volatility throughout the year, with a maximum price target of Rs 3484 in November 2026 and a minimum price target of Rs 1950 in January 2026. The average price target for Tata Chemicals in 2026 is expected to be around Rs 2647.
Tata Chemicals Share’s price target prediction for 2026 is based on the company’s financials, previous trends, and various brokerage firm reports.
Tata Chemicals share price target: 2027
| 2027 | Minimum share price | Maximum share price |
|---|---|---|
| January | 2950 | 3465 |
| February | 3044 | 3595 |
| March | 3145 | 3650 |
| April | 3180 | 3688 |
| May | 3247 | 3766 |
| June | 3275 | 3798 |
| July | 3322 | 3840 |
| August | 3345 | 3968 |
| September | 3580 | 3985 |
| October | 3625 | 4035 |
| November | 3684 | 4084 |
| December | 3733 | 4133 |
The share price of Tata Chemicals is expected to continue experiencing volatility throughout the year, with a maximum price target of Rs 4133 in December 2027 and a minimum price target of Rs 2950 in January 2027. The average price target for Tata Chemicals in 2027 is expected to be around Rs 3550.
Tata Chemicals Share’s price target prediction for 2027 is based on the company’s financials, previous trends, and various brokerage firm reports.
Tata Chemicals share price target: 2028
| 2028 | Minimum share price | Maximum share price |
|---|---|---|
| January | 3750 | 4165 |
| February | 3784 | 4189 |
| March | 3845 | 4250 |
| April | 3880 | 4288 |
| May | 3947 | 4366 |
| June | 3975 | 4488 |
| July | 4022 | 4510 |
| August | 4145 | 4680 |
| September | 4280 | 4785 |
| October | 4325 | 4835 |
| November | 4384 | 4984 |
| December | 4435 | 5033 |
The share price of Tata Chemicals is expected to continue experiencing volatility throughout the year, with a maximum price target of Rs 5033 in December 2028 and a minimum price target of Rs 3750 in March 2028. The average price target for Tata Chemicals in 2028 is expected to be around Rs 4465.
Tata Chemicals Share’s price target prediction for 2028 is based on the company’s financials, previous trends, and various brokerage firm reports.
Tata Chemicals share price target: 2029
| 2029 | Minimum share price | Maximum share price |
|---|---|---|
| January | 4450 | 5065 |
| February | 4484 | 5195 |
| March | 4545 | 5250 |
| April | 4580 | 5288 |
| May | 4647 | 5366 |
| June | 4675 | 5258 |
| July | 4722 | 5310 |
| August | 4745 | 5468 |
| September | 4780 | 5655 |
| October | 4825 | 5635 |
| November | 4884 | 5784 |
| December | 4933 | 5733 |
The share price of Tata Chemicals is expected to continue experiencing volatility throughout the year, with a maximum price target of Rs 5784 in December 2029 and a minimum price target of Rs 4933 in March 2029. The average price target for Tata Chemicals in 2029 is expected to be around Rs 5485.
Tata Chemicals Share’s price target prediction for 2029 is based on the company’s financials, previous trends, and various brokerage firm reports.
Tata Chemicals share price target: 2030
| 2030 | Minimum share price | Maximum share price |
|---|---|---|
| January | 4950 | 5865 |
| February | 4984 | 5895 |
| March | 5045 | 5950 |
| April | 5080 | 6088 |
| May | 5147 | 6146 |
| June | 5175 | 6188 |
| July | 5222 | 6210 |
| August | 5345 | 6268 |
| September | 5480 | 6385 |
| October | 5525 | 6335 |
| November | 5584 | 6484 |
| December | 5633 | 6455 |
The share price of Tata Chemicals is expected to continue experiencing volatility throughout the year, with a maximum price target of Rs 6455 in December 2030 and a minimum price target of Rs 4950 in January 2030. The average price target for Tata Chemicals in 2030 is expected to be around Rs 5660.
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Tata Chemicals Share’s price target prediction for 2030 is based on the company’s financials, previous trends, and various brokerage firm reports.
Strengths of Tata Chemicals
The company is almost debt-free.
The company has been maintaining a healthy dividend payout of 40%.
Weaknesses of the Tata Chemicals
The company has negative cash flow of Rs -254 crore in March 2023.
Tata Chemicals dividend history
Tata Chemicals Limited has a good dividend track record and has declared consistently dividend for the last 23 years.
| Announcement Date | Ex-Date | Dividend Type | Dividend (Rs) |
|---|---|---|---|
| 03-05-2023 | 14-06-2023 | Final | 17.50 |
| 29-04-2022 | 15-06-2022 | Final | 12.50 |
| 03-05-2021 | 14-06-2021 | Final | 10.00 |
| 15-05-2020 | 22-06-2020 | Final | 11.00 |
| 03-05-2019 | 28-06-2019 | Final | 12.50 |
| 17-05-2018 | 16-07-2018 | Final | 11.00 |
| 18-05-2018 | 16-07-2018 | Special | 11.00 |
| 26-05-2017 | 31-07-2017 | Final | 11.00 |
| 26-05-2016 | 02-08-2016 | Final | 10.00 |
| 26-05-2015 | 31-07-2015 | Special | 2.50 |
| 27-05-2015 | 31-07-2015 | Final | 10.00 |
Competitor
| Company | Market Cap | P/E Ratio |
|---|---|---|
| Pidilite Industries Ltd | 1,45,759 | 85.15 |
| SRF Ltd | 72,625 | 49.21 |
| Linde India Ltd | 47,576 | 113.08 |
| Gujarat Fluorochemicls Ltd | 38,853 | 58.35 |
| Deepak Nitrite Ltd | 30,088 | 38.04 |
Conclusion
Tata Chemicals Limited has shown good performance in the first quarter of 2024. In the last month, the share price of the company has increased significantly with 33% returns. While Tata NQ Fossence may be the game changer for the company in the upcoming future, The total assets of the company are increasing on a year-over-year (YoY) basis.
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Disclaimer: I am not a SEBI-registered investment adviser or research analyst. The information shared is only for educational purposes. This is not an investment advice.