Tilaknagar Industries Ltd (TI) share price, results, shareholding

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore

	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	354	377	359	313	375	340	384	409	398	623	949	1,046
Expenses	307	325	311	263	309	280	305	315	338	513	795	877
Operating Profit	47	51	48	50	66	60	78	94	60	110	155	169
OPM %	13%	14%	13%	16%	18%	18%	20%	23%	15%	18%	16%	16%
Other Income	6	8	-4	2	3	4	8	4	2	-157	-56	-26
Interest	8	8	5	4	3	2	2	3	2	39	69	66
Depreciation	8	8	8	8	8	8	7	7	7	20	46	45
Profit before tax	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%
Net Profit	37	44	31	40	58	54	77	89	53	-105	-15	32
EPS in Rs	1.93	2.28	1.63	2.08	3.02	2.79	3.99	4.57	2.53	-4.26	-0.60	1.28

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

	10 Years	5 Years	3 Years	TTM	1 Year	Last Year
Compounded Sales Growth	18%	34%	26%	100%
Compounded Profit Growth	11%	54%	53%	-19%
Stock Price CAGR	41%	70%	40%		23%
Return on Equity	%	20%	19%			13%

	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	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

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	213	13	26	175	91	191	85	65	71	121	178	-445
Cash from Investing Activity	-85	-3	-2	-8	-3	5	-0	-26	-12	-16	-77	-3,570
Cash from Financing Activity	-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%

	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	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%

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	41.97%	40.26%	40.19%	40.17%	40.14%	40.00%	40.00%	39.97%	37.20%	31.71%	31.71%	31.67%
FIIs	11.33%	11.57%	11.39%	11.69%	12.40%	13.96%	15.32%	15.29%	19.45%	18.41%	16.87%	16.88%
DIIs	0.02%	0.18%	0.11%	0.35%	1.19%	1.35%	1.26%	1.38%	3.82%	4.91%	5.92%	6.28%
Public	46.69%	47.99%	48.32%	47.79%	46.28%	44.70%	43.42%	43.35%	39.52%	44.97%	45.50%	45.16%
No. of Shareholders	52,305	84,940	92,440	84,931	1,00,374	1,07,022	1,22,338	1,22,619	1,30,598	1,37,389	1,31,914	1,29,086

Fundamentals

Market Cap₹ 13,655 Cr.

Current Price₹ 551

Stock P/E60.4

Book Value₹ 121

ROCE11.8 %

ROE13.1 %

Dividend Yield0.18 %

Face Value₹ 10.0

Compounded Sales Growth (TTM)100%

Compounded Profit Growth (TTM)-19%

Consolidated figures.

Valuation

Market capRs 13,450 Cr

Enterprise valueRs 15,391 Cr

Price to book4.51x

Price to sales4.46x

EV / EBITDA59.66x

EV / EBIT109.88x

EV / sales5.10x

Earnings yield-0.27%

Dividend yield0.18%

P/E, 3-year average24.68x

P/B, 3-year average5.70x

P/E, 5-year average21.67x

P/B, 5-year average5.91x

Profitability

Operating margin (excl. other income)17.87%

Operating margin (incl. other income)9.10%

EBITDA margin8.55%

Pre-tax margin-1.21%

Net profit margin-1.20%

Net margin, latest quarter3.02%

ROE1.08%

ROCE4.30%

ROA0.57%

ROE, 3-year average18.42%

ROCE, 3-year average18.17%

ROA, 3-year average11.50%

ROE, 5-year average44.01%

ROCE, 5-year average19.14%

ROA, 5-year average10.76%

ROIC (approx.)2.85%

Other income / net worth-6.91%

Growth

Sales growth (latest year)63.55%

Profit growth (latest year)-90.91%

Sales CAGR, 3 years26.30%

Sales CAGR, 5 years33.71%

Profit CAGR, 3 years-48.17%

Sales growth QoQ10.17%

Sales growth YoY (latest quarter)155.67%

Profit growth YoY (latest quarter)-64.31%

Per share

EPS (TTM)Rs -1.45

EPS (latest quarter)Rs 1.27

EPS, 3-year averageRs 9.51

EPS, 5-year averageRs 7.49

Book value per shareRs 120.28

Sales per shareRs 121.68

Cash flow per shareRs -17.93

Free cash flow per shareRs -160.47

Dividend per share, 3-year averageRs 0.75

Dividend per share, 5-year averageRs 0.46

Dividends

Dividend payout118.45%

Dividend payout, 3-year average44.62%

Dividend payout, 5-year average28.09%

Efficiency

Asset turnover0.38x

Fixed asset turnover0.62x

Inventory turnover3.12x

Inventory days117 days

Debtor days198 days

Debtors turnover1.84x

Creditor days98 days

Cash conversion cycle217 days

Working capital days148 days

Leverage

Total debtRs 2,301 Cr

Cash and bankRs 360 Cr

Net debtRs 1,941 Cr

Debt to equity0.77x

Net debt / EBITDA7.52x

Interest coverage0.79x

Current ratio (filing 2026-03-31)2.50x

Quick ratio (filing 2026-03-31)2.04x

Trade payables (filing 2026-03-31)Rs 337 Cr

Owners' fund to total sources48.40%

Debt to assets37.36%

Cash flow

Cash from Operating Activity (latest year)Rs -445 Cr

Cash from Investing Activity (latest year)Rs -3,570 Cr

Cash from Financing Activity (latest year)Rs 4,217 Cr

Net Cash Flow (latest year)Rs 202 Cr

Free cash flow (latest year)Rs -3,978 Cr

FCFE (approx.: FCF + change in debt)Rs -1,721 Cr

Cash from ops / profit, 5 years-0.02x

Statement figures

Net sales (TTM)Rs 3,016 Cr

Net sales (latest year)Rs 2,346 Cr

Sales (latest quarter)Rs 1,046 Cr

Operating profit excl. other income (latest year)Rs 419 Cr

Operating profit (latest quarter)Rs 169 Cr

Other income (TTM)Rs -236 Cr

EBITDA (TTM)Rs 258 Cr

PBDT (TTM)Rs 81 Cr

Profit before tax (TTM)Rs -37 Cr

Net profit (TTM)Rs -36 Cr

Net profit (latest year)Rs 21 Cr

Net profit (latest quarter)Rs 32 Cr

Depreciation (TTM)Rs 118 Cr

Depreciation (latest quarter)Rs 45 Cr

Interest (TTM)Rs 177 Cr

Cost of goods sold (latest year)Rs 1,255 Cr

Total expenditure (latest year)Rs 1,926 Cr

Total income (latest year)Rs 2,140 Cr

Share capitalRs 247 Cr

ReservesRs 2,735 Cr

Shareholders' fundsRs 2,982 Cr

Total assetsRs 6,160 Cr

Net blockRs 3,772 Cr

Capital work in progressRs 60 Cr

InvestmentsRs 32 Cr

ReceivablesRs 1,272 Cr

InventoryRs 402 Cr

Other liabilitiesRs 877 Cr

Shares outstanding (crore)24.79

Ownership

Promoter holding31.67% (-8.30 in a year)

Promoter pledge flagYes, NSE list

Computed by MarketFriction from the consolidated statements. Returns use average balances.

P/B 3.52 is at the 5th percentile (median 10.19).

Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.

Period	TI	Nifty 50	Difference
1 week	-7.7%	-2.8%	-4.9 pts
1 month	-0.6%	-6.8%	+6.2 pts
3 months	+20.1%	-7.6%	+27.7 pts
6 months	+30.4%	+0.4%	+30.0 pts
1 year	+18.6%	-9.9%	+28.5 pts
2 years	+73.5%	-13.6%	+87.0 pts
3 years	+167.7%	+14.2%	+153.5 pts
5 years	+1289.4%	+27.9%	+1261.5 pts

15 mutual fund schemes hold about ₹362 Cr. Over three months 5 bought more and 3 sold (share counts, price move removed).

Fund	Weight	Est. Cr	3m shares
Bandhan Small Cap Fund	0.25%	85	-17%
Bandhan Focused Fund	3.94%	82	-10%
Mahindra Manulife Multi Cap Fund	0.79%	61	+29%
Mahindra Manulife Small Cap Fund	1.03%	56	-7%
Bandhan Innovation Fund	1.18%	31	-4%
Motilal Oswal Nifty Microcap 250 Index Fund	0.65%	16	-4%
Bandhan Aggressive Hybrid Fund	0.56%	14	+11%
Mahindra Manulife Consumption Fund	1.81%	9	+100%
Aditya Birla SL Small Cap Fund	0.06%	4	+100%
Aditya Birla SL Consumption Fund	0.06%	3	+100%
Groww Nifty Total Market Index Fund	0.03%	0	-0%
Angel One Nifty Total Market Index Fund	0.03%	0	-0%
Mirae Asset Nifty Total Market Index Fund	0.03%	0	-0%
Motilal Oswal BSE 1000 Index Fund	0.03%	0	+1%
Bandhan Nifty Total Market Index Fund	0.03%	0	-0%

Red flags

F-score 2 of 8

explain	Weak cash conversion Cash from operations was -37% of net profit over the last 3 years
explain	Receivables outrunning sales Receivables grew 210% vs sales +64% in 2026
explain	Share dilution Share count up 28% in a year, 33% in three
explain	Debt up, profit down Borrowings up 5109% while net profit fell in 2026
explain	Low interest cover Interest cover 1.2x in 2026
explain	Promoter pledge (NSE list) Promoter shares on the NSE pledge list
look	Inventory outrunning sales Inventory grew 143% vs sales +64% in 2026
look	Auditor change Auditor change 2026-05-29: Tilaknagar Industries Limited has informed the Exchange regarding Change in Auditors of the company.
look	Regulator order or action Regulator order or action 2026-03-31: Tilaknagar Industries Limited has informed the Exchange about Action(s) taken or orders passed
look	On NSE surveillance On NSE surveillance: Pledge

Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026

Sales ₹1,046 Cr +155.7% vs Jun 2025. Net profit ₹32 Cr -64.0%.

Activity

Compare

Company	Mcap (Cr)	P/E	ROCE
United Spirits Ltd	99,138	53.5	26.4 %
Radico Khaitan Ltd	58,473	82.3	24.2 %
United Breweries Ltd	31,998	92.6	10.7 %
Allied Blenders & Distillers Ltd	20,041	89.8	18.4 %
Piccadily Agro Industries Ltd	5,942	42.3	18.0 %
Globus Spirits Ltd	2,532	25.2	11.2 %
G M Breweries Ltd	2,197	13.0	18.0 %
India Glycols Ltd	2,043	6.44	12.4 %
Som Distilleries & Breweries Ltd	1,645		5.67 %
Associated Alcohols & Breweries Ltd	1,271	15.4	18.0 %
Sula Vineyards Ltd	1,112	42.9	7.55 %
Asgard Alcobev Ltd	1,073	422	7.38 %
BCL Industries Ltd	958	8.22	13.9 %
IFB Agro Industries Ltd	844	13.1	13.3 %
Jagatjit Industries Ltd	662	57.1	10.5 %

No bulk or block deals on record.

Ex-date	Action	Factor
2026-09-15	Dividend - Re 1 Per Share
2025-09-23	Dividend - Re 1 Per Share
2024-09-20	Dividend - Rs 0.50 Per Share
2023-09-21	Dividend - Re 0.25 Per Share
2023-09-21	Annual General Meeting
2022-08-19	Dividend - Re 0.10 Per Share
2022-08-19	Annual General Meeting
2021-09-21	Annual General Meeting
2020-12-21	Annual General Meeting
2020-02-13	Extra Ordinary General Meeting
2019-09-03	Annual General Meeting
2018-09-12	Annual General Meeting
2015-09-16	Annual General Meeting
2014-09-18	Annual General Meeting / Dividend - Re 0.80/- Per Share
2013-09-03	Annual General Meeting And Final Dividend Re.0.80 Per Share
2012-09-13	Annual General Meeting/Dividend Re 0.80 Per Share
2011-08-29	Annual General Meeting And Dividend Re.0.80 Per Share
2010-09-28	Bonus 2:1	0.3333
2010-08-23	Annual General Meeting And Final Dividend Rs.2.50 Per Share

Date	Type	What it says
2026-09-23	Shareholder meeting	Voting results.
2026-09-22	Shareholder meeting	Proceedings of the 91st Annual General Meeting held on September 22, 2026
2026-09-17	Concall / analyst meet	Schedule of meet on September 21, 2026 at Taj Santacruz, Mumbai
2026-09-15	General Updates	Completion of first tranche of investment in Black Tiger Distilleries Private Limited
2026-09-08	General Updates	Allotment of 4,24,025 Shares towards ESOP Allotment
2026-09-04	General Updates	Investment in Black Tiger Distilleries Private Limited Update
2026-09-02	Press Release	A press release dated September 02, 2026, titled "Press Release pursuant to Regulation 30 of the SEBI (LODR) Regulations 2015 Tilaknagar Industries ...
2026-09-02	General Updates	Investment in Black Tiger Distilleries Private Limited
2026-08-31	Record Date	Record date for the purpose of Dividend is 15-Sep-2026.
2026-08-31	General Updates	The Letter sent to Shareholders containing the weblink (including navigating path) and QR code for accessing the Notice for 91st Annual General Meetin...
2026-08-31	Updates	Intimation for Book Closure and Record Date for payment of Dividend.
2026-08-31	Updates	Business Responsibility and Sustainability Report for the Financial Year 2025-26.
2026-08-31	Shareholder meeting	Notice of 91st Annual General Meeting of the Company to be held on Tuesday, September 22, 2026 at 10:30 a.m. (IST) through Video Conferencing/Other Au...
2026-08-26	General Updates	Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( SEBI (LODR) Regulation, 2015 )
2026-08-25	Concall / analyst meet	Schedule of meet on September 3, 2026 at Grand Hyatt, Mumbai
2026-08-24	Shareholder meeting	Voting results.
2026-08-21	Press Release	A press release dated August 21, 2026, titled "Tilaknagar Industries Takes Indian Spirits to Times Square, Marking a Moment of Indian Pride".
2026-08-20	Concall / analyst meet	Schedule of meet on August 25, 2026
2026-08-15	General Updates	Disclosure under Regulation 30 of SEBI LODR
2026-08-13	Concall / analyst meet	Schedule of meet on August 20, 2026 at Trident BKC, Mumbai.
2026-08-12	Concall / analyst meet	Schedule of meet on August 19, 2026 at Grand Hyatt, Mumbai.
2026-08-06	Press Release	A press release dated August 06, 2026, titled "Tilaknagar Industries & Imperial Blue Record Highest-Ever Sales in Karnataka in July 2026".
2026-08-04	Concall / analyst meet	Transcript
2026-07-30	Director change	Change in Director(s) of the company.
2026-07-30	Cessation	Cessation of Ms Aparna Praveen Chaturvedi as Non- Executive Independent Director of the company w.e.f. July 30, 2026.

Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.

No short selling reported to NSE in our files.

Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.

Pledge: stage 1Scrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of Tilaknagar Industries Ltd?

Tilaknagar Industries Ltd (TI) has a market capitalisation of Rs 13,655 Cr. at the 2026-10-01 close.

What is the P/E ratio of Tilaknagar Industries Ltd?

Tilaknagar Industries Ltd trades at a P/E of 60.4 on trailing twelve-month profit, at the 2026-10-01 close.

What were Tilaknagar Industries Ltd's latest quarterly results?

In the Jun 2026 quarter, Tilaknagar Industries Ltd sales was Rs 1,046 Cr (+155.7% vs Jun 2025) and net profit was Rs 32 Cr.

What is the 52-week high and low of Tilaknagar Industries Ltd?

The 52-week high is Rs 607.80 and the 52-week low is Rs 381.55.