Tilaknagar Industries Ltd logo

Tilaknagar Industries Ltd

TI NSE

Key Fundamentals

MicrocapBreweries & DistilleriesBeverages
Market Cap
₹14,436 Cr
Volatility
High Risk
P/E Ratio
-397.3
EBITDA
₹187 Cr
Return on Equity
26.05%
Debt to Equity
0.77
Book Value
₹120.5
EPS
₹8.05
52W High
₹583.75
52W Low
₹381.55

Insights

Beta

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

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53 extracted metrics + investor summaries across FY14–FY26.

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Tapetide Score

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

Technical Indicators

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% ↗
Net Income Growth
-91.04% ↘
Cash Flow Change
47.76% ↗
ROE
23.40% ↗
ROCE
20.54% ↘
EBITDA Margin (Avg.)
-57.91% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 5d ago
AI opinion · based on fundamentals
Risk high

Tilaknagar Industries commands a market cap of ₹13,184 Cr with strong historical sales growth of 26% CAGR over 3 years, but faces near-term profit pressure with TTM profit declining 19% and a negative PE of -356.7. The stock has delivered 66% CAGR over 5 years, though fundamental concerns around high debtor days and declining promoter holding persist.

Bull Case 8
  • TTM sales growth of 100% indicates a significant revenue acceleration phase for the company
  • 3-year compounded sales CAGR of 26% and 5-year CAGR of 34% demonstrate sustained top-line momentum in the FMCG-alcobev segment
  • 5-year compounded profit CAGR of 54% shows strong long-term earnings trajectory despite recent TTM decline
  • 3-year ROE average of 19% and 5-year ROE of 20% reflect efficient capital utilization over the medium term
  • Healthy dividend payout ratio of 44.6% signals management confidence in cash flow sustainability
  • Stock CAGR of 66% over 5 years and 42% over 10 years reflects strong long-term wealth creation
  • Company is expected to deliver a good upcoming quarter based on operational indicators
  • Price-to-book ratio of 4.32 is reasonable for a high-growth FMCG company with double-digit sales CAGR
Bear Case 8
  • Negative PE ratio of -356.7 indicates the company is currently reporting losses on a trailing basis
  • TTM profit growth of -19% shows near-term earnings deterioration despite robust revenue growth
  • Debtor days of 198 are extremely high, indicating potential cash flow stress and collection challenges
  • Promoter holding has decreased by 10.4% over the last 3 years, signaling possible lack of promoter confidence
  • Last year ROE dropped to 13% from the 3-year average of 19%, indicating declining return efficiency
  • Tax rate appears low which may not be sustainable and could compress net margins in future periods
  • Dividend yield of only 0.19% provides minimal income cushion for investors despite the 44.6% payout ratio
  • Disconnect between 100% TTM sales growth and -19% TTM profit growth suggests margin compression or one-time charges eroding profitability

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

AI News Digest

Anthropic anthropic claude-opus-4.6 18h ago
Positives 2
  • Record Karnataka sales milestone Aug 6

    Tilaknagar recorded 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 also appointed Bhumika Batra as additional independent director.

Neutral 6
  • Analyst meet at Dam Capital Aug 13

    Tilaknagar will interact with analysts at Dam Capital's Alcoholic Beverages Sector Conference on August 20, 2026, in Mumbai.

  • Motilal Oswal investor conference Aug 12

    Company will present at Motilal Oswal Global Investor Conference on August 19, 2026, with latest investor presentation uploaded.

  • Independent director steps down Jul 30

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

  • Q1FY27 earnings call audio posted Jul 28

    Audio recording of Q1FY27 earnings conference call held on July 28, 2026, made available on company website per SEBI regulations.

  • Postal ballot for director re-appointment Jul 23

    Shareholders to vote on re-appointment of Ms. Swapna Shah as Non-Executive Non-Independent Director via e-voting from July 25 to August 23, 2026.

  • Q1FY27 earnings call scheduled Jul 21

    Post-results earnings call scheduled for July 28, 2026, at 11:30 AM IST, led by CMD Amit Dahanukar and CFO Rajesh Choudhary.

TL;DR: Tilaknagar Industries is showing strong operational momentum with a return to profitability in Q1FY27 (₹31.59 crore net profit vs. prior year loss) and record sales in Karnataka driven by Imperial Blue's 43% market share. No material headwinds are visible in recent news flow. Active investor engagement through multiple conferences suggests management confidence, and the trend appears to be improving with volume growth exceeding 50% in key segments.

Quarterly Results

  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

  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

  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

  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

  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%

Shareholding Pattern

As of Jun 2026
Promoters 31.68%
Public 23.64%
Others 21.53%
FIIs 16.88%
DIIs 6.27%
Total 100.00%
  Mar 2021Apr 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Jul 2022Sep 2022Oct 2022Dec 2022Mar 2023May 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Nov 2025Dec 2025Mar 2026Jun 2026
Promoters
54.67%
49.21%
49.21%
48.88%
44.24%
44.89%
44.86%
0.00%
42.92%
44.61%
41.95%
41.15%
41.47%
42.02%
41.97%
40.26%
40.19%
40.17%
40.14%
40.00%
40.00%
39.97%
37.21%
31.50%
31.71%
31.71%
31.68%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.16%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
11.33%
0.00%
11.38%
11.69%
12.40%
13.96%
15.32%
15.29%
19.44%
18.43%
18.41%
16.87%
16.88%
DIIs
0.01%
9.99%
0.01%
0.01%
0.01%
0.01%
0.01%
0.00%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.02%
0.15%
0.10%
0.35%
1.19%
1.35%
1.25%
1.38%
3.81%
4.96%
4.90%
5.92%
6.27%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
32.80%
29.27%
31.47%
32.26%
28.30%
29.02%
28.61%
0.00%
27.35%
26.54%
24.92%
25.87%
26.09%
26.12%
26.00%
27.44%
27.90%
26.90%
26.53%
25.42%
24.53%
24.82%
23.05%
22.72%
22.82%
23.62%
23.64%
Others
12.51%
11.53%
19.31%
18.85%
27.46%
26.07%
26.36%
100.00%
29.72%
28.84%
33.13%
32.97%
32.43%
31.85%
20.69%
32.15%
20.42%
20.88%
19.73%
19.27%
18.89%
18.54%
16.49%
22.39%
22.16%
21.88%
21.53%
No. of Shareholders
24,243
26,218
34,024
34,307
32,080
32,890
33,466
33,425
33,081
33,081
34,117
34,007
36,539
39,888
52,305
84,940
92,440
84,931
1,00,374
1,07,022
1,22,338
1,22,619
1,30,598
1,36,720
1,37,389
1,31,914
1,29,086

Documents

1
Concall - Jun 2026 Jun 2026
2
Concall - May 2026 May 2026
3
Concall - May 2026 May 2026
4
Concall - Sep 2021 Sep 2021
5
Concall - Nov 2021 Nov 2021

Frequently Asked Questions about Tilaknagar Industries Ltd

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 is listed on the Indian stock exchanges. It is listed on NSE: TI and BSE: 507205. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Tilaknagar Industries Ltd belong to?
Tilaknagar Industries Ltd operates in the Fast Moving Consumer Goods sector within the Beverages industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Tilaknagar Industries Ltd?
Tilaknagar Industries Ltd has a market capitalisation of approximately ₹14436.39 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Tilaknagar Industries Ltd?
The Price-to-Earnings (PE) ratio of Tilaknagar Industries Ltd is -397.30. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Tilaknagar Industries Ltd?
Over the past 52 weeks, Tilaknagar Industries Ltd has traded between a low of ₹381.55 and a high of ₹583.75. This range helps investors understand the stock's price volatility and recent trading levels.
Does Tilaknagar Industries Ltd pay dividends?
Yes, Tilaknagar Industries Ltd has a dividend yield of 0.17%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Tilaknagar Industries Ltd?
Tilaknagar Industries Ltd has a Return on Equity (ROE) of 26.05%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Tilaknagar Industries Ltd on Tapetide?
On Tapetide, you can view Tilaknagar Industries Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

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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