TIL Ltd
NSE: TIL · Construction Vehicles · sector
₹196.35NSE close 2026-10-26
Key numbers
Market cap₹1,559 cr
Price₹196.35
52w high / low₹320 / ₹161
P/E–Sector median 26.6x
P/B14.0xSector median 4.8x
Book value₹14.0
Dividend yield–Sector median 0.39%
ROE-31.8%Sector median 7.1%
ROCE2.2%Sector median 10.6%
OPM3.2%Sector median 10.0%
Debt / equity3.30xSector median 0.10x
EV/EBITDA156.2xSector median 21.7x
Interest cover0.2x
Current ratio1.07x
Sales growth 3y+94.7%Sector median +10.8%
Profit growth 3y–Sector median +3.3%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 6 companies in Construction Vehicles (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹21 cr vs borrowings ₹366 cr (FY26): borrowings are higher by ₹345 cr.
- Operating profit covered interest 0.2x in the last 12 months.
- No promoter shares are pledged.
- Promoter holding fell by 7.13 percentage points in a year, to 61.30% (2026-09-30).
- Operating cash flow was below net profit in 3 of the last 5 years (FY26, FY25, FY24).
- Net loss in 7 of the last 8 quarters.
- Revenue was higher than a year earlier in 3 of the last 4 quarters.
- Debtor days went from 199 (FY24) to 239 (FY26).
- No dividend in the last 5 financial years.
- Price ₹196.35 on 2026-10-26: -38.6% from the 52-week high, +21.8% 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 ₹395.95 · low ₹168.25
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 68 | 79 | 102 | 63 | 78 | 73 | 109 | 117 |
| EBITDA | 2 | 3 | 12 | -7 | 0 | 1 | 4 | 7 |
| OPM % | 3.5% | 3.3% | 11.9% | -10.7% | 0.1% | 1.7% | 4.0% | 5.6% |
| Other income | 5 | 4 | 9 | 8 | 3 | 3 | 1 | 0 |
| Net profit | -2 | -4 | 10 | -6 | -8 | -7 | -10 | -6 |
| EPS (₹) | -0.32 | -0.56 | 1.47 | -0.93 | -1.16 | -1.03 | -1.46 | -0.69 |
| Revenue YoY | +15.7% | -7.5% | +7.2% | +86.2% | ||||
| Profit YoY | – | – | -202.2% | – |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 66 | 44 | 67 | 315 | 323 | 377 |
| EBITDA | -383 | -56 | 226 | 12 | -1 | 12 |
| Net profit | -431 | -91 | 254 | 3 | -31 | -31 |
| EPS (₹) | -429.87 | -90.75 | 222.27 | 0.43 | -4.58 | -4.34 |
| Revenue growth | -33.8% | +52.7% | +371.2% | +2.5% | +21.3% | |
| Profit growth | – | – | -98.9% | -1,175.9% | – | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +94.7% | +0.6% | +21.3% |
| Net profit | – | – | – |
| EPS | – | – | – |
| Share price | – | -23.2% (2y) | -33.2% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | -201 | -292 | 32 | 82 | 111 |
| Borrowings | 398 | 400 | 157 | 269 | 366 |
| Cash & equivalents | 6 | 2 | 11 | 9 | 21 |
| Total assets | 380 | 350 | 414 | 522 | 687 |
| Fixed assets | 118 | 106 | 104 | 99 | 93 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| Receivables | 26 | 30 | 36 | 135 | 211 |
| Inventory | 164 | 141 | 127 | 126 | 184 |
| Payables | 93 | 126 | 94 | 77 | 108 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -27 | 6 | -83 | -131 | -88 |
| Cash from investing | 77 | 9 | 30 | -6 | -17 |
| Cash from financing | -50 | -14 | 59 | 131 | 110 |
| Capex | 0 | 0 | 1 | 6 | 6 |
| Free cash flow | -27 | 6 | -84 | -137 | -94 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | 214.5% | 31.1% | 803.7% | 3.5% | -27.7% |
| ROCE % | -193.4% | -54.2% | 117.3% | 9.5% | 1.2% |
| Debtor days | 144 | 251 | 199 | 156 | 239 |
| Inventory days | 1,934 | 1,664 | 1,017 | 226 | 325 |
| Payable days | 1,095 | 1,485 | 753 | 139 | 192 |
| Cash conversion cycle (days) | 983 | 430 | 463 | 243 | 372 |
| Working capital days | -931 | -2,307 | -366 | 69 | 35 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 61.30% |
| FIIs | 2.61% |
| DIIs | 3.31% |
| of which Mutual funds | 0.00% |
| of which Insurance | 0.61% |
| Public (non-institutions) | 32.79% |
| Quarter | Jan 2026 | Mar 2026 | Apr 2026 | Jun 2026 | Jul 2026 | Aug 2026 | Sep 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 70.12% | 70.12% | 61.30% | 61.30% | 61.30% | 61.30% | 61.30% | 61.30% |
| Promoter group | % |
|---|---|
| TIL Global Private Limited | 61.30% |
| Public holders above 1% | % |
|---|---|
| Girish Gulati HUF | 3.68% |
| Sumit Mazumder | 2.58% |
| Alpana Mundra | 2.45% |
| Singularity Equity Fund I | 1.69% |
14,329 shareholders. Pledged: 0.00% of promoter shares.
Peers in Construction Vehicles
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| BEML | ₹15,363 cr | 86.1x | 5.2x | 2.8% | 8.8% | 7.7% | +3.7% | 0.58% |
| ACE | ₹12,045 cr | 27.6x | 6.0x | 24.1% | 30.1% | 15.5% | +14.9% | 0.20% |
| AJAXENGG | ₹6,052 cr | 26.6x | 4.3x | 17.9% | 21.9% | 12.3% | – | – |
| TIL | ₹1,559 cr | – | 14.0x | -31.8% | 2.2% | 3.2% | +94.7% | – |
| INDOFARM | ₹557 cr | 22.3x | 1.0x | 4.6% | 7.4% | 13.1% | – | – |
| BRADYM | ₹119 cr | 24.6x | 2.2x | 9.6% | 12.3% | 7.5% | +6.6% | – |
Business segments (2026-06-30)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Material Handling Solution | ₹79 cr | 99.6% | ₹-10 cr | -12.7% |
| Unallocated | ₹0 cr | 0.4% | ₹0 cr | 100.0% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-03-23 | Rights | Rights 11:64 @ Premium Rs 155/- |
| 2024-03-22 | Rights | Rights 28:10 @ Premium Rs 0/- |
| 2019-08-06 | Dividend | Annual General Meeting/Dividend - Rs 1.75 Per Share |
| 2018-07-26 | Dividend | Dividend- Rs 3.50 Per Share |
| 2017-08-16 | Dividend | Annual General Meeting/Dividend - Rs 3/- Per Share |
| 2016-07-14 | Other | Annual General Meeting (Book Closure Dates Revised) |
| 2015-07-30 | Other | Annual General Meeting (Book Closure Start Date Changed) |
| 2014-07-17 | Dividend | Annual General Meeting / Dividend - Rs 1.50/- Per Share |
| 2013-07-19 | Dividend | Annual General Meeting And Dividend Rs.2/- Per Share |
| 2012-07-20 | Dividend | Annual General Meeting/Dividend Rs 3 Per Share |
| 2011-07-15 | Dividend | Annual General Meeting And Dividend Rs.6/- Per Share |
| 2010-07-20 | Dividend | Annual General Meeting And Dividend Rs.6/- Per Share |
| 2009-07-20 | Other | Agm/Div.-Rs.4/- Pershare |
| 2008-07-21 | Dividend | Agm/Dividend - 40% |
| 2007-07-16 | Dividend | Agm/Dividend-30% |
| 2006-07-19 | Dividend | Agm/Dividend-20% |
| 2005-07-15 | Dividend | Agm/ Dividend-12.5% |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Industrials |
| Industry | Construction Vehicles |
| Sub-industry | Construction Vehicles |
| Symbol | TIL |
| BSE code | 505196 |
| ISIN | INE806C01018 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.