Tilaknagar Industries logo

Tilaknagar Industries

TI NSE

Key Fundamentals

MicrocapBreweries & DistilleriesBeverages
Market Cap
₹12,975 Cr
Volatility
Moderate
P/E Ratio
-370.3
EBITDA
₹187 Cr
Return on Equity
26.05%
Debt to Equity
0.77
Book Value
₹120.31
EPS
₹8.05
52W High
₹594.55
52W Low
₹381.55

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Strengths

2
  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 44.6%

Weaknesses

3
  • Tax rate seems low
  • Company has high debtors of 198 days.
  • Promoter holding has decreased over last 3 years: -10.4%

Growth Rate

Revenue Growth
61.57% higher than 3Y
Net Income Growth
-91.04% lower than 3Y
Cash Flow Change
47.76% lower than 3Y
ROE
23.4% lower than 3Y
ROCE
20.54% higher than 3Y
EBITDA Margin (Avg.)
-57.91% lower than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 25d ago
AI opinion · based on fundamentals
Risk high

Tilaknagar Industries Ltd commands a market cap of Rs 14,153 Cr with a strong sales CAGR of 26% over 3 years and 34% over 5 years, though TTM profit has declined 19%. The stock has delivered a 42% CAGR over 3 years but carries concerns around high debtor days of 198 and declining promoter holding of 10.4% over three years.

Bull Case 8
  • TTM revenue growth of 100% indicates a significant acceleration in top-line performance
  • 5-year compounded sales CAGR of 34% reflects sustained business expansion over a longer horizon
  • 5-year compounded profit CAGR of 54% demonstrates strong earnings growth trajectory historically
  • 3-year ROE of 19% and 5-year ROE of 20% indicate consistent and healthy return on equity
  • Stock price CAGR of 71% over 5 years and 42% over 3 years shows sustained investor wealth creation
  • Healthy dividend payout ratio of 44.6% signals management commitment to shareholder returns
  • Company is expected to deliver a good upcoming quarter based on available estimates
  • 10-year stock CAGR of 43% demonstrates long-term compounding capability
Bear Case 8
  • TTM profit growth has turned negative at -19%, indicating recent margin or earnings pressure despite revenue growth
  • Debtor days stand at 198, indicating significant working capital locked in receivables and potential collection risk
  • Promoter holding has declined by 10.4% over last 3 years, raising concerns about promoter confidence or dilution
  • Negative PE ratio of -399.1 suggests recent losses or negligible earnings on a trailing basis
  • Last year ROE has dropped to 13% from a 3-year average of 19%, indicating deteriorating capital efficiency
  • Tax rate appears low, which may not be sustainable and could mask lower pre-tax profitability
  • Price-to-book ratio of 4.84x implies premium valuation relative to book value, leaving limited margin of safety
  • Debt-to-equity data is unavailable, creating uncertainty about the company's leverage position

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 18d ago
Positives 4
  • Record Karnataka sales, 43% share Aug 6

    Highest-ever sales in Karnataka in July 2026, with Imperial Blue driving 50%+ volume growth and capturing 43% market share in the Deluxe Whisky segment.

  • Q1FY27 profit turns positive Jul 27

    Consolidated net profit of ₹31.59 crore for Q1FY27, reversing last year's loss. Board appointed Bhumika Batra as additional independent director.

  • Times Square brand campaign Aug 21

    72-hour advertising campaign for Mansion House and Monarch brandy in Times Square, reaching over 1.2 million visitors during India's Independence Day celebrations.

  • Open to large inorganic deals Aug 26

    Chairman confirmed openness to another large acquisition following Imperial Blue buyout, with focus on craft spirits in super premium segments.

Neutral 4
  • Price hike planned within 2 months Aug 20

    Tilaknagar plans a price hike matching the scale of the previous increase, to be implemented within two months. No specific figures disclosed.

  • Multiple analyst meets scheduled Aug 25

    Company hosting meetings at Elara India Dialogue (Sep 3), Dam Capital conference (Aug 20), and Motilal Oswal Global Investor Conference (Aug 19).

  • Swapna Shah re-appointed with dissent Aug 24

    Shareholders approved re-appointment of Ms. Swapna Shah as non-executive director with 86.55% support, though institutional investors showed significant dissent.

  • Aparna Chaturvedi tenure ends Jul 30

    Ms. Aparna Praveen Chaturvedi ceased as Independent Director and Audit Committee Chairperson on July 30, 2026, after completing her second consecutive term.

TL;DR: Tilaknagar Industries is executing well on its post-Imperial Blue acquisition strategy, with record Karnataka sales, a return to profitability in Q1FY27, and active brand-building internationally. No material headwinds are visible in recent news. The company's premiumisation push, planned price hikes, and openness to further acquisitions suggest an improving growth trajectory heading into FY27.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
304
354
377
359
313
375
340
384
409
398
623
949
1,046
Expenses
266
307
325
311
263
309
280
305
315
338
513
795
877
Operating Profit
38
47
51
48
50
66
60
78
94
60
110
155
169
OPM %
13%
13%
14%
13%
16%
18%
18%
20%
23%
15%
18%
16%
16%
Other Income
1
6
8
-4
2
3
4
8
4
2
-157
-56
-26
Interest
6
8
8
5
4
3
2
2
3
2
39
69
66
Depreciation
8
8
8
8
8
8
8
7
7
7
20
46
45
PBT
26
37
44
31
40
58
54
77
89
53
-106
-15
31
Tax %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
Net Profit
26
37
44
31
40
58
54
77
89
53
-105
-15
32
EPS in Rs
1.34
1.93
2.28
1.63
2.08
3.02
2.79
3.99
4.57
2.53
-4.26
-0.6
1.28
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
748
458
515
578
661
653
549
783
1,164
1,394
1,434
2,346
3,016
Expenses
653
580
609
575
605
705
495
671
1,027
1,208
1,179
1,926
2,523
Operating Profit
95
-122
-94
3
56
-52
54
112
137
185
255
419
494
OPM %
13%
-27%
-18%
0.5%
8%
-8%
10%
14%
12%
13%
18%
18%
16%
Other Income
2
3
2
33
5
485
11
24
85
11
18
-206
-236
Interest
97
125
157
152
184
129
71
62
40
27
12
113
177
Depreciation
28
39
38
37
37
33
33
33
32
32
31
80
118
PBT
-28
-283
-288
-153
-160
271
-39
41
150
138
230
21
-37
Tax %
44%
0%
-3%
-1%
0%
1%
0%
-10%
0%
0%
0%
0%
—
Net Profit
-40
-282
-280
-151
-160
270
-38
45
150
138
230
21
-36
EPS in Rs
-3.22
-22.58
-22.41
-12.11
-12.75
21.56
-3.06
2.85
8.09
7.16
11.86
0.84
-1.05
Div. Payout %
-2%
0%
0%
0%
0%
0%
0%
4%
3%
7%
8%
118%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
125
125
125
125
125
125
125
159
185
193
194
247
Reserves
417
131
-104
-255
-412
-143
-181
-25
298
461
689
2,735
Borrowings
825
885
1,072
1,031
1,111
579
702
585
256
121
44
2,301
Other Liabilities
349
387
258
383
457
519
365
295
273
258
286
877
Total Liabilities
1,716
1,528
1,350
1,284
1,281
1,080
1,012
1,013
1,012
1,033
1,213
6,160
Fixed Assets
608
579
542
587
552
502
469
439
420
396
370
3,772
CWIP
123
124
124
113
114
100
100
100
0
0
3
60
Investments
3
0
0
0
3
0
0
0
23
12
30
32
Other Assets
982
824
685
583
612
478
443
474
569
625
810
2,295
Total Assets
1,716
1,528
1,350
1,284
1,281
1,080
1,012
1,013
1,012
1,033
1,213
6,160
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
213
13
26
175
91
191
85
65
71
121
178
-445
Investing
-85
-3
-2
-8
-3
5
0
-26
-12
-16
-77
-3,570
Financing
-113
-27
-28
-105
-104
-208
-78
-41
-67
-129
-94
4,217
Net Cash Flow
15
-17
-5
62
-17
-13
8
-2
-8
-24
7
202
Free Cash Flow
127
4
22
162
88
190
85
62
61
113
172
-3,978
CFO/OP
224
-15
-28
5,763
171
-371
152
54
53
66
70
-105
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
72
91
106
109
133
136
120
110
106
110
104
198
Inventory Days
237
134
194
206
252
115
200
144
152
113
191
117
Days Payable
289
218
365
418
502
298
412
340
169
135
171
98
Cash Conversion Cycle
21
7
-65
-103
-117
-46
-91
-86
89
87
125
217
Working Capital Days
9
-148
-441
-583
-550
-12
-147
-42
16
76
94
148
ROCE %
5%
-13%
-11%
0%
3%
-8%
5%
13%
15%
22%
28%
12%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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53 extracted metrics + investor summaries across FY14–FY27.

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Shareholding Pattern

Promot.31.68%Public23.64%DIIs6.27%FIIs16.88%Others21.53%As ofJun 2026
12.40% of promoter holding pledged as of Jun 2026

Documents

Frequently Asked Questions about Tilaknagar Industries

What does Tilaknagar Industries Ltd do?
Tilaknagar Industries Ltd. is primarily involved in manufacturing and sale of Indian Made Foreign Liquor (IMFL). [1]
Where is Tilaknagar Industries Ltd (TI) listed?
Tilaknagar Industries Ltd trades as TI on the NSE and under code 507205 on the BSE.
Which sector does Tilaknagar Industries Ltd belong to?
Tilaknagar Industries Ltd is classified under the Fast Moving Consumer Goods sector, in the Beverages industry.
What is the market capitalisation of Tilaknagar Industries Ltd?
Tilaknagar Industries Ltd has a market capitalisation of ₹12,975 Cr, which places it in the Mid Cap band.
What is the PE ratio of Tilaknagar Industries Ltd?
Tilaknagar Industries Ltd trades at a PE ratio of -370.30, on earnings per share of ₹8.05, against a book value of ₹120.31 per share.
What is the 52-week high and low of Tilaknagar Industries Ltd?
Over the last 52 weeks Tilaknagar Industries Ltd has traded between ₹381.55 and ₹594.55.
Does Tilaknagar Industries Ltd pay dividends?
Tilaknagar Industries Ltd has a dividend yield of 0.19%.
What is the Return on Equity (ROE) of Tilaknagar Industries Ltd?
Tilaknagar Industries Ltd reported a return on equity of 26.05%. Its debt-to-equity ratio is 0.77.

Company Information

Tilaknagar Industries Ltd. is primarily involved in manufacturing and sale of Indian Made Foreign Liquor (IMFL). [1]

Website tilind.com
CEO Mr. Amit A. Dahanukar B.E (Elec.), M.S(USA)
Employees 388
Listed 2010-07-16
Face Value ₹ 10
Issued Size 20,81,93,750

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