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Technocraft Industries (India)

TIIL NSE
₹2,716.40 +79.10 (+3.00%)
P/E
18.14
View as Markdown
MCP
Close 4 Nov 2026 ₹2,716.40 +362.90 +15.4% 1Y
Start ₹2,353.50

Key Fundamentals

MicrocapIndustrial ProductsCapital Goods

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
16.30%
Debt to Equity
0.40
EPS (TTM)
₹149.78
Book Value
₹891.92
Market Cap
—
P/E (TTM)
18.14
P/B
3.05
ROE
15.30%
Dividend Yield
0.76%
EBITDA
₹570 Cr
52W High
₹3,565.30
52W Low
₹1,868.50
Day Range
₹2,626.00 – ₹2,740.00
Volume
15,182

Peer Comparison

Industrials › Industrial Products › Iron & Steel Products

Technocraft Industries peer comparison
Welspun Corp
₹2,400.0027.41₹60,980 Cr5.960.22%19.40%22.90%₹17,300 Cr₹2,319 Cr
APL Apollo Tubes
₹2,199.8049.69₹60,246 Cr10.640.39%25.40%31.80%₹23,065 Cr₹1,229 Cr
Shyam Metalics & Energy
₹1,231.4030.60₹34,478 Cr2.780.15%9.70%13.00%₹19,584 Cr₹1,121 Cr
Ratnamani Metals & Tubes
₹2,449.4039.67₹17,025 Cr4.180.42%12.60%17.90%₹4,314 Cr₹514 Cr
Jindal SAW
₹253.2229.51₹15,754 Cr1.280.81%8.20%10.40%₹18,501 Cr₹498 Cr
Usha Martin
₹486.0029.21₹14,245 Cr4.490.81%15.10%19.50%₹3,837 Cr₹508 Cr
Gallantt Ispat
₹529.1529.28₹12,939 Cr3.660.38%15.60%18.20%₹4,437 Cr₹436 Cr
Technocraft Industries (this company)
₹2,716.4018.14₹6,075 Cr3.050.76%15.30%16.30%₹2,931 Cr₹349 Cr
Median 8 companies₹1,715.6029.40₹16,390 Cr3.920.41%15.20%18.05%₹10,869 Cr₹511 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

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

Overall score

56 Good

Data confidence 100/100

Category scores

Quality
64
Good
Returns, margins, earnings quality 22% weight
Valuation
78
Strong
Cheap vs sector & own history 24% weight
Growth
40
Weak
Sales & profit trajectory 9% weight
Financial Health
40
Weak
Solvency, leverage, coverage 9% weight
Momentum
45
Average
Trend strength, vol-adjusted 12% weight
Ownership
43
Weak
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

No strengths listed

Weaknesses

1
  • Dividend payout has been low at 11.2% of profits over last 3 years

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBullish739
OscillatorsNeutral333
Moving AveragesStrong Bullish406

Key readings

RSI (14)
51.88
Neutral
MACD (12,26,9)
−64.51
Bullish
SMA (50)
2,915.53
Bearish
SMA (200)
2,553.00
Bullish

As of

Analyst Rating

Based on 1 analysts
BUY100%

1 of 1 analyst rates Buy, 0 Hold, 0 Sell.

As of

BUY
1
100%
HOLD
0
0%
SELL
0
0%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+11.60%
5Y+16.33%
3Y+11.60%
1Y+6.28%
TTM+12.38%

Net profit

Net profit growth by window
10Y+11.35%
5Y+16.94%
3Y+1.77%
1Y+11.41%
TTM+34.23%

Operating cash flow

Operating cash flow growth by window
10Y+5.30%
5Y−1.19%
3Y+21.35%
1Y−11.96%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+0.85 pp
5Y+1.57 pp
3Y−3.05 pp
1Y+1.23 pp
TTM+2.46 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹936 Cr
Mar 2018₹1,184 Cr
Mar 2019₹1,313 Cr
Mar 2020₹1,352 Cr
Mar 2021₹1,295 Cr
Mar 2022₹1,911 Cr
Mar 2023₹1,985 Cr
Mar 2024₹2,182 Cr
Mar 2025₹2,596 Cr
Mar 2026₹2,759 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹101 Cr
Mar 2018₹120 Cr
Mar 2019₹119 Cr
Mar 2020₹126 Cr
Mar 2021₹134 Cr
Mar 2022₹274 Cr
Mar 2023₹278 Cr
Mar 2024₹279 Cr
Mar 2025₹263 Cr
Mar 2026₹293 Cr

Analyst Forecasts

Forecast For
FY27 consensus · EBITDA
₹579 Cr +1.6% vs FY26
Reported High Mean Low

AI Analysis — Bull vs Bear

Generated 6 Jul 2026
AI opinion · based on fundamentals
Risk medium

Technocraft Industries (India) Ltd is a diversified industrial company operating across drum closures, scaffolding, yarn/fabric, and engineering services segments with a market cap of ₹5,725 Cr, trading at a PE of 19.4x. The company has delivered a 5-year sales CAGR of 16% and profit CAGR of 19%, though recent TTM sales growth has moderated to 6% and the stock has declined 23% over the past year.

Bull Case 7
  • Strong long-term wealth creation with stock CAGR of 26% over 10 years and 35% over 5 years, indicating sustained business compounding
  • Robust 5-year compounded profit growth of 19%, outpacing sales growth of 16%, suggesting operating leverage and margin expansion
  • Consistent ROE track record averaging 16% over 10 years and 17% over 5 years, demonstrating efficient capital allocation
  • Diversified business model across drum closures (global leader), scaffolding, engineering services, and textiles reduces single-segment dependency
  • Revenue scaled from approximately ₹1,352 Cr in FY21 to ₹2,696 Cr in FY25, nearly doubling in four years
  • Moderate debt-to-equity ratio of 0.41x indicates manageable leverage for a capital-intensive industrial business
  • Strong export orientation across drum closures and scaffolding segments provides geographic diversification and forex earnings
Bear Case 8
  • TTM sales growth has decelerated sharply to just 6% compared to 3-year CAGR of 12% and 5-year CAGR of 16%, signalling a potential slowdown
  • Stock has declined 23% over the past 1 year, reflecting market concerns about near-term growth trajectory
  • Dividend payout is low at only 11.2% of profits over the last 3 years with a yield of just 0.8%, limiting income returns for shareholders
  • 3-year compounded profit CAGR of only 2% indicates recent earnings stagnation despite longer-term growth record
  • ROE has dipped to 15% in the last year from 17% five-year average, suggesting declining return efficiency
  • Price-to-book ratio of 2.81x is not cheap for an industrial conglomerate with textile exposure that typically commands lower multiples
  • Textile segments (yarn and fabric) face structural headwinds from global demand volatility and intense domestic competition
  • EBITDA grew only from ₹454 Cr in FY23 to ₹516 Cr in FY25, a modest 7% CAGR over two years versus 16% revenue growth in the same period

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

AI News Digest

121d ago

TL;DR: Limited news flow for Technocraft Industries with no material headwinds or catalysts in the recent cycle. Promoter holdings remain unencumbered, which is a routine but reassuring governance signal. The upcoming investor meet on June 16 could provide forward guidance. Overall, the narrative is quiet with no directional triggers evident from recent developments.

Neutral 2
  • Promoters confirm no share encumbrance Jun 15

    Promoters Sudarshankumar and Sharadkumar Saraf declared zero share encumbrance for FY26 under SEBI regulations, signaling no pledging of holdings.

  • Investor meet scheduled June 16 Jun 10

    Technocraft Industries will hold investor and analyst meetings on June 16, 2026 in Mumbai as part of the Systematix Promoters and Founders Forum 2026.

Quarterly Results

₹ Cr
TIIL quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
557
520
513
593
620
629
644
702
633
752
662
712
805
Expenses
426
418
431
508
504
532
552
592
521
628
570
572
627
Operating Profit
130
102
82
84
116
97
92
110
112
124
93
139
178
OPM %
23%
20%
16%
14%
19%
15%
14%
16%
18%
16%
14%
20%
22%
Other Income
14
17
25.59
24
30
35
6
29
39
21
28
14
40
Interest
11
10
9
9
11
14
12
18
14
14
15
15
14
Depreciation
16
17
17
18
24
25
29
30
29
30
32
33
29
PBT
118
92
81
81
111
93
58
92
108
101
74
105
175
Tax %
23%
24%
24%
29%
24%
23%
28%
27%
23%
22%
27%
26%
21%
Net Profit
91
70
61
57
84
71
41
66
82
79
54
78
138
EPS (₹)
37.05
28.73
25.39
23.9
35.04
30.5
17.91
29.1
35.02
33.8
23.46
33.56
58.96

Profit & Loss

₹ Cr
TIIL profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
1,029
921
936
1,184
1,313
1,352
1,295
1,911
1,985
2,182
2,596
2,759
2,931
Expenses
894
770
790
1,010
1,116
1,148
1,092
1,519
1,581
1,783
2,180
2,283
2,397
Operating Profit
135
151
146
175
198
204
203
392
403
399
416
476
534
OPM %
13%
16%
16%
15%
15%
15%
16%
21%
20%
18%
16%
17%
18%
Other Income
15
32
41
47
37
45
68
52
54
80
100
94
103
Interest
9
10
19
23
32
37
29
21
28
40
55
58
58
Depreciation
32
26
24
29
38
52
68
63
64
68
108
123
124
PBT
109
147
144
170
164
159
175
360
366
372
353
388
455
Tax %
31%
32%
30%
29%
27%
21%
23%
24%
24%
25%
26%
24%
—
Net Profit
75
100
101
120
119
126
134
274
278
279
263
293
348
EPS (₹)
23.85
38.17
39.14
48.84
47.73
50.18
53.19
109
116
115
113
126
150
Div. Payout %
21%
8%
0%
0%
0%
0%
0%
0%
0%
0%
18%
16%
—

Balance Sheet

₹ Cr
TIIL balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
32
26
26
24
24
24
24
24
23
23
23
23
Reserves
589
555
663
684
803
920
1,048
1,312
1,393
1,652
1,750
2,000
Borrowings
222
334
345
514
642
658
467
506
656
675
846
819
Other Liabilities
147
91
120
164
157
214
237
268
292
342
378
408
Total Liabilities
991
1,006
1,154
1,387
1,626
1,816
1,776
2,111
2,364
2,692
2,996
3,249
Fixed Assets
158
163
203
245
319
480
424
420
438
738
855
858
CWIP
4
12
17
53
54
20
12
17
40
14
33
14
Investments
196
268
279
237
263
271
334
420
331
410
435
468
Other Assets
633
563
655
851
989
1,044
1,005
1,253
1,555
1,531
1,673
1,909
Total Assets
991
1,006
1,154
1,387
1,626
1,816
1,776
2,111
2,364
2,692
2,996
3,249

Cash Flow

₹ Cr
TIIL cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
64
145
54
−27
26
201
258
108
136
308
276
243
Investing
−91
−42
−49
−41
−117
−165
−30
−132
22
−338
−185
−116
Financing
39
−67
−7
53
98
−25
−215
20
−61
−21
−45
−131
Net Cash Flow
13
35
−2
−14
8
12
13
−4
97
−52
47
−4
Free Cash Flow
18
100
3
−133
−81
29
245
56
43
6
75
140
CFO/EBITDA
81
119
64
6
40
116
141
48
57
100
86
71

Ratios

TIIL financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
86
72
74
85
91
92
97
87
77
76
76
88
Inventory Days
148
187
298
259
291
357
316
249
371
271
228
251
Days Payable
45
14
39
36
27
45
77
64
68
35
35
33
Cash Conversion Cycle
190
244
334
308
354
404
337
272
380
312
269
306
Working Capital Days
70
37
60
54
55
70
98
88
84
93
75
98
ROCE %
15%
18%
17%
17%
15%
13%
12%
22%
20%
19%
16%
16%

Insights

Beta

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

Log in to view Technocraft Industries insights

63 extracted metrics across FY09–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 74.75%
  • Public 12.00%
  • DIIs 6.38%
  • Others 6.16%
  • FIIs 0.71%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Technocraft Industries (India)

What does Technocraft Industries (India) Ltd do?
Technocraft Industries was incorporated in 1992. It has presence in five main business industries viz., Drum Closures, Scaffolding systems, Cotton Yarn, Fabric, Garments and Engineering Services. Company has manufacturing facilities in India and China.
Where is Technocraft Industries (India) Ltd (TIIL) listed?
Technocraft Industries (India) Ltd trades as TIIL on the NSE and under code 532804 on the BSE.
Which sector does Technocraft Industries (India) Ltd belong to?
Technocraft Industries (India) Ltd is classified under the Industrial Products sector, in the Iron & Steel Products industry.
What is the PE ratio of Technocraft Industries (India) Ltd?
Technocraft Industries (India) Ltd trades at a PE ratio of 18.14 as of 4 Nov 2026, on earnings per share of ₹149.78, against a book value of ₹891.92 per share.
What is the 52-week high and low of Technocraft Industries (India) Ltd?
Over the last 52 weeks Technocraft Industries (India) Ltd has traded between ₹1,868.5 and ₹3,565.3 as of 4 Nov 2026.
Does Technocraft Industries (India) Ltd pay dividends?
Technocraft Industries (India) Ltd has a dividend yield of 0.76%.
What is the Return on Equity (ROE) of Technocraft Industries (India) Ltd?
Technocraft Industries (India) Ltd reported a return on equity of 15.30%. Its debt-to-equity ratio is 0.40.

Company Information

Technocraft Industries was incorporated in 1992. It has presence in five main business industries viz., Drum Closures, Scaffolding systems, Cotton Yarn, Fabric, Garments and Engineering Services. Company has manufacturing facilities in India and China.

Website technocraftgroup.com
CEO Mr. Sudarshan Kumar Saraf B.Tech
Employees 1,670
Listed 12 Feb 2007
Face Value ₹10

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