Tilaknagar Industries Ltd
NSE: TI · Breweries & Distilleries · sector
₹486.20NSE close 2026-10-26
Key numbers
Market cap₹12,032 cr
Price₹486.20
52w high / low₹608 / ₹382
P/E–Sector median 21.8x
P/B4.0xSector median 1.9x
Book value₹120.5
Dividend yield0.16%Sector median 0.83%
ROE-1.7%Sector median 8.9%
ROCE2.6%Sector median 10.9%
OPM3.5%Sector median 6.1%
Debt / equity0.77xSector median 0.49x
EV/EBITDA60.3xSector median 24.1x
Interest cover0.8x
Current ratio2.50x
Sales growth 3y+28.6%Sector median +11.1%
Profit growth 3y-48.2%Sector median +14.2%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 27 companies in Breweries & Distilleries (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹360 cr vs borrowings ₹2,295 cr (FY26): borrowings are higher by ₹1,934 cr.
- Operating profit covered interest 0.8x in the last 12 months.
- 12.40% of the promoters' shares are pledged (3.9% of all shares).
- Promoter holding fell by 5.58 percentage points in a year, to 31.62% (2026-09-30).
- Operating cash flow was below net profit in 4 of the last 5 years (FY26, FY25, FY24, FY23).
- Net loss in 2 of the last 8 quarters.
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Debtor days went from 52 (FY24) to 88 (FY26).
- Dividend paid in 4 of the last 5 financial years.
- Price ₹486.20 on 2026-10-26: -20.0% from the 52-week high, +27.4% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹587.55 · low ₹218.91
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 823 | 805 | 881 | 864 | 916 | 1,453 | 2,090 | 2,252 |
| EBITDA | 66 | 60 | 78 | 94 | 60 | -59 | 92 | 139 |
| OPM % | 8.0% | 7.5% | 8.9% | 10.9% | 6.6% | -4.1% | 4.4% | 6.2% |
| Other income | 3 | 4 | 8 | 4 | 2 | 13 | 7 | 5 |
| Net profit | 58 | 54 | 77 | 89 | 53 | -103 | -15 | 33 |
| EPS (₹) | 3.02 | 2.79 | 4.01 | 4.57 | 2.71 | -4.67 | -0.60 | 1.28 |
| Revenue YoY | +11.2% | +80.4% | +137.2% | +160.7% | ||||
| Profit YoY | -9.5% | -290.7% | -119.3% | -62.7% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 1,792 | 2,469 | 2,958 | 3,175 | 5,248 | 6,711 |
| EBITDA | 125 | 215 | 183 | 255 | 187 | 232 |
| Net profit | 45 | 150 | 138 | 230 | 21 | -32 |
| EPS (₹) | 3.15 | 8.79 | 7.23 | 11.89 | 0.97 | -1.28 |
| Revenue growth | +37.8% | +19.8% | +7.3% | +65.3% | +98.9% | |
| Profit growth | +231.7% | -7.9% | +66.4% | -90.9% | -111.5% | |
| Dividend / share (₹) | – | 0.10 | 0.25 | 0.50 | 1.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +28.6% | +29.9% | +98.9% |
| Net profit | -48.2% | – | -111.5% |
| EPS | -52.0% | – | – |
| Share price | – | +33.3% (2y) | +4.4% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 483 | 654 | 882 | 2,982 |
| Borrowings | – | 253 | 119 | 42 | 2,295 |
| Cash & equivalents | – | 66 | 43 | 111 | 360 |
| Total assets | – | 1,012 | 1,033 | 1,213 | 6,160 |
| Fixed assets | – | 420 | 396 | 369 | 499 |
| Capital work in progress | – | 0 | 0 | 3 | 60 |
| Investments | – | 1 | 11 | 21 | 32 |
| Receivables | – | 339 | 418 | 411 | 1,272 |
| Inventory | – | 116 | 101 | 165 | 402 |
| Payables | – | 129 | 121 | 148 | 337 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 65 | 71 | 121 | 178 | -445 |
| Cash from investing | -26 | -12 | -16 | -77 | -3,570 |
| Cash from financing | -41 | -67 | -129 | -94 | 4,217 |
| Capex | 3 | 11 | 8 | 7 | 3,533 |
| Free cash flow | 62 | 60 | 113 | 172 | -3,978 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 31.0% | 21.1% | 26.0% | 0.7% |
| ROCE % | – | 25.8% | 21.3% | 26.2% | 2.5% |
| Debtor days | – | 50 | 52 | 47 | 88 |
| Inventory days | – | 69 | 52 | 83 | 117 |
| Payable days | – | 76 | 62 | 74 | 98 |
| Cash conversion cycle (days) | – | 43 | 42 | 56 | 107 |
| Working capital days | – | 17 | 41 | 55 | 91 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 31.62% |
| FIIs | 17.29% |
| DIIs | 8.14% |
| of which Mutual funds | 2.88% |
| of which Insurance | 1.12% |
| Public (non-institutions) | 42.95% |
| Quarter | Jun 2025 | Sep 2025 | Sep 2025 | Nov 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 39.97% | 37.20% | 37.20% | 31.50% | 31.71% | 31.71% | 31.68% | 31.62% |
| Promoter group | % |
|---|---|
| Shivani Amit Dahanukar | 13.30% |
| Amit Dahanukar | 11.20% |
| M L Dahanukar and Co PVT Ltd | 3.84% |
| Arunoday Investments PVT Ltd | 2.88% |
| Priyadarshini A Dahanukar | 0.22% |
| Anupama Arun Dahanukar | 0.18% |
| Public holders above 1% | % |
|---|---|
| Axana Estates LLP | 3.96% |
| Think India Opportunities Master Fund LP | 3.89% |
| Barclays Wealth Trustees India Pvt Ltd | 3.25% |
| Smallcap World Fund, INC | 2.98% |
| Timf Holdings | 2.42% |
| Societe Generale - ODI | 2.30% |
| S S Spirits LLP | 2.20% |
| Bandhan Small CAP Fund | 1.39% |
| Arpit Khandelwal | 1.32% |
| ICICI Prudential Life Insurance Company Limited | 1.08% |
| Cohesion MK Best Ideas Sub-trust | 1.02% |
1,24,253 shareholders. Pledged: 12.40% of promoter shares.
Peers in Breweries & Distilleries
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| UNITDSPR | ₹89,828 cr | 46.7x | 10.0x | 22.1% | 26.0% | 7.5% | 0.0% | 1.40% |
| RADICO | ₹56,251 cr | 79.9x | 17.0x | 23.2% | 27.0% | 5.2% | +18.1% | 0.09% |
| UBL | ₹30,041 cr | 76.0x | 6.6x | 8.9% | 10.9% | 4.6% | +1.6% | 0.83% |
| ABDL | ₹18,770 cr | 85.7x | 11.3x | 13.8% | 17.1% | 7.1% | – | 0.54% |
| TI | ₹12,032 cr | – | 4.0x | -1.7% | 2.6% | 3.5% | +28.6% | 0.16% |
| PICCADIL | ₹5,389 cr | 38.1x | 6.0x | 15.6% | 15.5% | 20.3% | – | – |
| GLOBUSSPR | ₹2,069 cr | 20.5x | 1.9x | 9.6% | 12.1% | 7.3% | +8.6% | 0.39% |
| INDIAGLYCO | ₹1,916 cr | 5.8x | 0.7x | 12.2% | 11.3% | 6.5% | +13.9% | 3.93% |
| GMBREW | ₹1,784 cr | 10.3x | 1.6x | 16.3% | 20.0% | 6.1% | +8.6% | 0.96% |
| SDBL | ₹1,400 cr | – | 1.8x | -4.0% | -0.9% | 0.9% | +15.4% | 0.01% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-15 | Dividend | Dividend - Re 1 Per Share |
| 2025-09-23 | Dividend | Dividend - Re 1 Per Share |
| 2024-09-20 | Dividend | Dividend - Rs 0.50 Per Share |
| 2023-09-21 | Dividend | Dividend - Re 0.25 Per Share |
| 2023-09-21 | Other | Annual General Meeting |
| 2022-08-19 | Dividend | Dividend - Re 0.10 Per Share |
| 2022-08-19 | Other | Annual General Meeting |
| 2021-09-21 | Other | Annual General Meeting |
| 2020-12-21 | Other | Annual General Meeting |
| 2020-02-13 | Other | Extra Ordinary General Meeting |
| 2019-09-03 | Other | Annual General Meeting |
| 2018-09-12 | Other | Annual General Meeting |
| 2015-09-16 | Other | Annual General Meeting |
| 2014-09-18 | Dividend | Annual General Meeting / Dividend - Re 0.80/- Per Share |
| 2013-09-03 | Dividend | Annual General Meeting And Final Dividend Re.0.80 Per Share |
| 2012-09-13 | Dividend | Annual General Meeting/Dividend Re 0.80 Per Share |
| 2011-08-29 | Dividend | Annual General Meeting And Dividend Re.0.80 Per Share |
| 2010-09-28 | Bonus | Bonus 2:1 |
| 2010-08-23 | Dividend | Annual General Meeting And Final Dividend Rs.2.50 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing: The company is engaged in manufacture of Indian Made Foreign Liquor(IMFL) and Extra Neutral Alcohol (ENA).
| Sector | Fast Moving Consumer Goods |
| Industry | Breweries & Distilleries |
| Sub-industry | Breweries & Distilleries |
| Symbol | TI |
| BSE code | 507205 |
| ISIN | INE133E01013 |
| Face value | ₹10.0 |
| Incorporated | 1933-07-29 |
| Website | www.tilind.com |
| Plants (India / abroad) | 26 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.