MarketFriction

TIL Ltd

NSE TIL · BSE 505196 · Construction Vehicles
₹250.05 -1.04%
NSE close2026-10-01
52 week range161.25 - 334.70
Market cap₹2,037 Cr.
Price band 5%

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 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales19.9612.0631.4366.9867.6479.14101.5262.9178.2773.23108.84117.13
Expenses31.5330.3259.6171.7265.2776.5089.4069.6678.1972.0198.95109.43
Operating Profit-11.57-18.26-28.18-4.742.372.6412.12-6.750.081.229.897.70
OPM %-57.97%-151.41%-89.66%-7.08%3.50%3.34%11.94%-10.73%0.10%1.67%9.09%6.57%
Other Income0.37140.47134.929.744.883.849.357.803.182.53-4.98-0.10
Interest9.012.195.246.227.888.236.779.5610.7011.3014.7011.67
Depreciation1.731.721.681.711.731.761.751.781.801.821.952.54
Profit before tax-21.94118.3099.82-2.93-2.36-3.5112.95-10.29-9.24-9.37-11.74-6.61
Tax %-7.25%11.49%-68.89%-63.82%-9.32%5.41%24.63%-39.55%-16.34%-26.89%-15.08%-28.14%
Net Profit-20.35104.71168.59-1.06-2.14-3.709.76-6.22-7.73-6.85-9.97-4.75
EPS in Rs-4.5423.3721.61-0.14-0.27-0.471.25-0.80-0.99-0.88-1.21-0.66
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales313308343439377313664467315323377
Expenses31928130538744134418899141302318359
Operating Profit-6273852-64-31-122-55-7514619
OPM %-1.9%9%11%12%-17%-10%-184%-125%-111%4.3%1.8%5%
Other Income243368779-24973052881
Interest482421273438383727304748
Depreciation1311121213121097778
Profit before tax-43261121-34-71-418-951964-41-37
Tax %1%6%33%-11%-45%-4%3%-4%-30%31%-24%
Net Profit-4425823-18-68-431-912543-31-29
EPS in Rs-9.735.521.695.17-4.13-15.29-96.24-20.3232.550.37-3.73-3.74
Dividend Payout %0%12%46%8%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth0%1%95%21%
Compounded Profit Growth4%10%20%-944%
Stock Price CAGR15%43%48%-20%
Return on Equity%%%-26%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital101010101010101010186770
Reserves320277290290308289220-211-302141641
Borrowings70932067174190291374408411172284382
Other Liabilities230193180169206146135172232210155194
Total Liabilities1,269800547643714737739380350414522687
Fixed Assets3001961431371281671201191061049996
CWIP46222127200023
Investments01518414283511115
Other Assets923587384500561534582260243309421584
Total Assets1,269800547643714737739380350414522687
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity771-45-8326-46-61-276-83-131-88
Cash from Investing Activity-39-543251-24-17577930-6-17
Cash from Financing Activity26-45-27585-126447-50-1459131110
Net Cash Flow-6-2853-101-9105-64
Free Cash Flow-3272-52-9313-50-50136-51-134-94
CFO/OP12%-1,221%-169%-208%52%71%190%22%-14%111%-991%-1,554%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days7216090129154204278144251199156239
Inventory Days1402963574503502963591,9341,6641,017226325
Days Payable491621521491521491201,095961753139192
Cash Conversion Cycle163295295430351352517983954462243372
Working Capital Days297983716360153-989-2,331-4266111
ROCE %12%1%35%8%10%1%-6%-31%-35%-49%11%3%
Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters56.29%74.99%68.43%68.43%68.43%68.43%68.43%68.43%68.43%70.12%61.30%61.30%
FIIs0.00%0.00%0.00%0.01%0.01%0.08%0.09%0.04%0.04%0.03%2.62%2.66%
DIIs5.76%3.30%0.87%0.87%0.87%0.87%1.11%1.11%0.87%0.73%3.80%3.30%
Public37.95%21.71%30.69%30.69%30.69%30.61%30.38%30.43%30.66%29.12%32.28%32.73%
No. of Shareholders6,9446,8578,4749,4369,88710,22010,68510,32710,20510,86011,41214,689

Fundamentals

Market Cap₹ 2,037 Cr.
Current Price₹ 249
Book Value₹ 13.5
ROCE2.90 %
ROE-26.0 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)21%
Compounded Profit Growth (TTM)-944%
Consolidated figures.
Valuation
Market capRs 1,759 Cr
Enterprise valueRs 2,125 Cr
Price to book15.85x
Price to sales4.66x
EV / EBITDA108.86x
EV / EBIT186.23x
EV / sales5.63x
Earnings yield-1.71%
P/E, 3-year average268.74x
P/B, 3-year average12.63x
P/E, 5-year average268.74x
P/B, 5-year average7.53x
Profitability
Operating margin (excl. other income)1.77%
Operating margin (incl. other income)4.38%
EBITDA margin5.17%
Pre-tax margin-9.79%
Net profit margin-7.95%
Net margin, latest quarter-4.65%
ROE-31.82%
ROCE1.58%
ROA-5.09%
ROE, 3-year average-73.84%
ROCE, 3-year average50.76%
ROA, 3-year average20.67%
ROE, 5-year average-633.29%
ROCE, 5-year average4.65%
ROA, 5-year average-8.01%
ROIC (approx.)1.81%
Tax rate24.29%
Other income / net worth7.59%
Growth
Sales growth (latest year)2.53%
Profit growth (latest year)-1175.87%
Sales CAGR, 3 years94.65%
Sales CAGR, 5 years0.63%
Sales growth QoQ7.62%
Sales growth YoY (latest quarter)86.19%
Per share
EPS (TTM)Rs -4.26
EPS (latest year)Rs -4.37
EPS (latest quarter)Rs -0.77
EPS, 3-year averageRs 46.97
EPS, 5-year averageRs -75.94
Book value per shareRs 15.78
Sales per shareRs 53.65
Cash flow per shareRs -12.57
Free cash flow per shareRs -13.36
Efficiency
Asset turnover0.47x
Fixed asset turnover3.36x
Inventory turnover1.20x
Inventory days305 days
Debtor days239 days
Debtors turnover1.53x
Creditor days192 days
Cash conversion cycle372 days
Working capital days11 days
Leverage
Total debtRs 382 Cr
Cash and bankRs 17 Cr
Net debtRs 366 Cr
Debt to equity3.44x
Net debt / EBITDA18.74x
Interest coverage0.24x
Current ratio (filing 2026-03-31)1.07x
Quick ratio (filing 2026-03-31)0.65x
Trade payables (filing 2026-03-31)Rs 108 Cr
Owners' fund to total sources16.16%
Debt to assets55.66%
Cash flow
Cash from Operating Activity (latest year)Rs -88 Cr
Cash from Investing Activity (latest year)Rs -17 Cr
Cash from Financing Activity (latest year)Rs 110 Cr
Net Cash Flow (latest year)Rs 4 Cr
Free cash flow (latest year)Rs -94 Cr
FCFE (approx.: FCF + change in debt)Rs 4 Cr
Statement figures
Net sales (TTM)Rs 377 Cr
Net sales (latest year)Rs 323 Cr
Sales (latest quarter)Rs 117 Cr
Operating profit excl. other income (latest year)Rs 6 Cr
Operating profit (latest quarter)Rs 8 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 20 Cr
PBDT (TTM)Rs -29 Cr
Profit before tax (TTM)Rs -37 Cr
Tax (latest year)Rs -10 Cr
Net profit (TTM)Rs -30 Cr
Net profit (latest year)Rs -31 Cr
Net profit (latest quarter)Rs -5 Cr
Depreciation (TTM)Rs 8 Cr
Depreciation (latest quarter)Rs 3 Cr
Interest (TTM)Rs 48 Cr
Cost of goods sold (latest year)Rs 220 Cr
Total expenditure (latest year)Rs 318 Cr
Total income (latest year)Rs 332 Cr
Share capitalRs 70 Cr
ReservesRs 41 Cr
Shareholders' fundsRs 111 Cr
Total assetsRs 687 Cr
Net blockRs 96 Cr
Capital work in progressRs 3 Cr
InvestmentsRs 5 Cr
ReceivablesRs 211 Cr
InventoryRs 184 Cr
Other liabilitiesRs 194 Cr
Shares outstanding (crore)7.04
Ownership
Promoter holding61.30% (-7.13 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/B 15.85 is at the 71th percentile (median 6.77).
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.
PeriodTILNifty 50Difference
1 week-2.4%-2.8% +0.4 pts
1 month+8.4%-6.8% +15.2 pts
3 months+21.7%-7.6% +29.3 pts
6 months+52.9%+0.4% +52.5 pts
1 year-25.7%-9.9% -15.8 pts
2 years-27.0%-13.6% -13.4 pts
3 years-12.4%+14.2% -26.6 pts
5 years+51.8%+27.9% +23.9 pts

Red flags

F-score 0 of 8
explainWeak cash conversion Cash from operations was -134% of net profit over the last 3 years
explainReceivables outrunning sales Receivables grew 57% vs sales +3% in 2026
explainShare dilution Share count up 6% in a year, 84% in three
explainDebt up, profit down Borrowings up 34% while net profit fell in 2026
lookInventory outrunning sales Inventory grew 46% vs sales +3% in 2026
lookAuditor change Auditor change 2026-07-29: TIL Limited has informed the Exchange regarding Change in Auditors of the company.
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 ₹117 Cr +86.2% vs Jun 2025. Net loss ₹5 Cr.
Against our estimate for Jun 2026: sales +86.4%, profit +21.4% in line. Our estimate for Sep 2026: sales Rs 115 Cr, profit Rs -11 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-03-23Rights 11:64 @ Premium Rs 155/-
2024-03-22Rights 28:10 @ Premium Rs 0/-
2019-08-06 Annual General Meeting/Dividend - Rs 1.75 Per Share
2018-07-26 Dividend- Rs 3.50 Per Share
2017-08-16 Annual General Meeting/Dividend - Rs 3/- Per Share
2016-07-14 Annual General Meeting (Book Closure Dates Revised)
2015-07-30Annual General Meeting (Book Closure Start Date Changed)
2014-07-17Annual General Meeting / Dividend - Rs 1.50/- Per Share
2013-07-19Annual General Meeting And Dividend Rs.2/- Per Share
2012-07-20Annual General Meeting/Dividend Rs 3 Per Share
2011-07-15Annual General Meeting And Dividend Rs.6/- Per Share
2010-07-20Annual General Meeting And Dividend Rs.6/- Per Share
2009-07-20Agm/Div.-Rs.4/- Pershare
2008-07-21Agm/Dividend - 40%
2007-07-16Agm/Dividend-30%
2006-07-19Agm/Dividend-20%
DateTypeWhat it says
2026-08-19General UpdatesGeneral Updates on 2nd Reminder for payment of Call Money
2026-08-19Concall / analyst meetTranscript
2026-08-14Concall / analyst meetLink of Recording
2026-08-14Monitoring Agency ReportMonitoring Agency Report for the quarter ended 30 June, 2026
2026-08-14Investor PresentationInvestor Presentation
2026-08-13Registrar & Share Transfer ARegistrar & Share Transfer Agent Update
2026-08-13Board meeting outcomeTIL Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-11Concall / analyst meetSchedule of meet on 14th August, 2026
2026-08-11Concall / analyst meetSchedule of meet on 14th August, 2026
2026-07-30Shareholder meetingVoting results.
2026-07-29Shareholder meetingProceedings of Annual General Meeting held on July 29, 2026
2026-07-29Change in AuditorsChange in Auditors of the company.
2026-07-18Statement of deviation(s) orStatement of deviation(s) or variation(s) under Reg. 32
2026-07-14General UpdatesSending of reminder letter for payment of First & Final Call money
2026-07-14Reply to Clarification- FinaThe Exchange had sought clarification from TIL Limited for the quarter ended 31-Dec-2024 with respect to Regulation 33 of the SEBI (Listing Obligation...
2026-07-13Structural Digital DatabaseCompliance Certificate on Structured Digital Database for Quarter ended June, 2026
2026-07-09Committee Meeting UpdatesOutcome of Rights Issue Committee Meeting held on July 09, 2026.
2026-06-30Disclosure under SEBI TakeovTIL Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acqui...
2026-06-25Shareholder meetingNotice of Annual General Meeting to be held on July 29, 2026
2026-06-23Price movementSignificant movement in price has been observed in TIL Limited. The Exchange, in order to ensure that investors have latest relevant information about...
2026-06-22Price movementSignificant movement in price has been observed in TIL Limited. The Exchange, in order to ensure that investors have latest relevant information about...
2026-06-01Change in AuditorsChange in Auditors of the company.
2026-06-01Suspension of TradingMembers of the Exchange are hereby informed that the trading in the partly paid-up equity shares (Series: E1, ISIN: IN9806C01016) of TIL Limited shall...
2026-05-29Press ReleaseA press release dated May 29, 2026, titled "Press Release".
2026-05-28Board meeting outcomeTIL Limited has submitted to the Exchange, the financial results for the period ended March 31, 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.
EPS in the scrip is zero (4 trailing quarters)

Quick answers

What is the market cap of TIL Ltd?

TIL Ltd (TIL) has a market capitalisation of Rs 2,037 Cr. at the 2026-10-01 close.

What were TIL Ltd's latest quarterly results?

In the Jun 2026 quarter, TIL Ltd sales was Rs 117 Cr (+86.2% vs Jun 2025) with a net loss of Rs 5 Cr.

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

The 52-week high is Rs 334.70 and the 52-week low is Rs 161.25.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03