Technocraft Industries (India) Ltd
TIIL NSE
Technocraft Industries (India) Ltd
IndustrialsNSE: TIIL BSE: 532804 Industrial Products
Key Fundamentals
MicrocapIron & Steel ProductsIndustrial ProductsMarket Cap
₹7,190 Cr
Volatility
High Risk
P/E Ratio
21.9
EBITDA
₹468 Cr
Return on Equity
14.5%
Debt to Equity
0.4
Book Value
₹891.92
EPS
₹115.99
52W High
₹3,299.9
52W Low
₹1,868.5
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Technocraft Industries (India) Ltd insights
43 extracted metrics + investor summaries across FY15–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Weaknesses
1- Dividend payout has been low at 11.2% of profits over last 3 years
Growth Rate
Revenue Growth
2.33% ↘
Net Income Growth
9.16% ↘
Cash Flow Change
-10.19% ↘
ROE
-11.15% ↘
ROCE
-8.86% ↘
EBITDA Margin (Avg.)
-14.58% ↘
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 42d agoAI 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 8
- 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
- PE of 19.4x is below the industry PE of ~25x for the industrials sector, offering relative valuation comfort
- 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
anthropic claude-opus-4.6 42d ago 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.
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.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 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 | 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 in Rs | 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
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 2,291 | 2,397 |
| Operating Profit | 135 | 151 | 146 | 175 | 198 | 204 | 203 | 392 | 403 | 399 | 416 | 468 | 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 | 102 | 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 in Rs | 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
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 | 133 |
| CFO/OP | 81 | 119 | 64 | 6 | 40 | 116 | 141 | 48 | 57 | 100 | 86 | 72 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 | 241 |
| Days Payable | 45 | 14 | 39 | 36 | 27 | 45 | 77 | 64 | 68 | 35 | 35 | 31 |
| Cash Conversion Cycle | 190 | 244 | 334 | 308 | 354 | 404 | 337 | 272 | 380 | 312 | 269 | 298 |
| Working Capital Days | 70 | 37 | 60 | 54 | 55 | 70 | 98 | 88 | 84 | 93 | 75 | 104 |
| ROCE % | 15% | 18% | 17% | 17% | 15% | 13% | 12% | 22% | 20% | 19% | 16% | 16% |
Documents
1
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
15h - Technocraft Industries (India) Limited hereby Intimates the Conference Call to discuss the financial performance of Fourth Quarter ended March 31, 2026 15h - Technocraft Industries (India) Limited hereby Intimates the Conference Call to discuss the financial performance of Fourth Quarter ended March 31, 2026
2
Board Meeting Intimation for Approval Of Audited Financial Results For The Quarter/Year Ended March 31, 2026
21 Apr - Board to meet on May 28, 2026 to approve FY26 standalone and consolidated audited results. 21 Apr - Board to meet on May 28, 2026 to approve FY26 standalone and consolidated audited results.
3
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
20 Apr - Technocraft confirms it is not a large corporate; outstanding borrowing nil as of March 31, 2026. 20 Apr - Technocraft confirms it is not a large corporate; outstanding borrowing nil as of March 31, 2026.
4
Board Meeting Intimation for Approval Of Audited Financial Results For The Quarter/Year Ended March 31, 2026
1d - Board to meet on May 28, 2026 to approve FY26 standalone and consolidated audited results. 1d - Board to meet on May 28, 2026 to approve FY26 standalone and consolidated audited results.
5
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
11h - Technocraft confirms it is not a large corporate; outstanding borrowing nil as of March 31, 2026. 11h - Technocraft confirms it is not a large corporate; outstanding borrowing nil as of March 31, 2026.
Frequently Asked Questions about Technocraft Industries (India) Ltd
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.[1]
Where is Technocraft Industries (India) Ltd (TIIL) listed?
Technocraft Industries (India) Ltd is listed on the Indian stock exchanges. It is listed on NSE: TIIL and BSE: 532804. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Technocraft Industries (India) Ltd belong to?
Technocraft Industries (India) Ltd operates in the Industrials sector within the Industrial Products industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Technocraft Industries (India) Ltd?
Technocraft Industries (India) Ltd has a market capitalisation of approximately ₹7189.54 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Technocraft Industries (India) Ltd?
The Price-to-Earnings (PE) ratio of Technocraft Industries (India) Ltd is 21.90. 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 Technocraft Industries (India) Ltd?
Over the past 52 weeks, Technocraft Industries (India) Ltd has traded between a low of ₹1,868.5 and a high of ₹3,299.9. This range helps investors understand the stock's price volatility and recent trading levels.
Does Technocraft Industries (India) Ltd pay dividends?
Yes, Technocraft Industries (India) Ltd has a dividend yield of 0.65%. 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 Technocraft Industries (India) Ltd?
Technocraft Industries (India) Ltd has a Return on Equity (ROE) of 14.50%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Technocraft Industries (India) Ltd on Tapetide?
On Tapetide, you can view Technocraft Industries (India) 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
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.[1]
Website technocraftgroup.com
CEO Mr. Sudarshan Kumar Saraf B.Tech
Employees 1,670
Listed 2007-02-12
Face Value ₹ 10
Issued Size 2,26,72,798