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Published on 20th November 2025, 2:30 PM

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Author

Satyam Jha | Whalesbook News Team

Overview

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Tilaknagar Industries Ltd

тВ╣ 486-3.54%
21 Nov тАУ close price
ЁЯФЧtilind.comтАвBSE: 507205тАвNSE: TI
Market CapтВ╣ 10,123 Cr.
Current PriceтВ╣ 486
High / LowтВ╣ 550
Stock P/E37.0
Book ValueтВ╣ 96.6
Dividend Yield0.21 %
ROCE27.7 %
ROE29.0 %
Face ValueтВ╣ 10.0
SalesтВ╣ 1,554 Cr.
OPM18.8 %
Mar CapтВ╣ 10,123 Cr.

ABOUT

Tilaknagar Industries Ltd. is primarily involved in manufacturing and sale of Indian Made Foreign Liquor (IMFL).[1]

KEY POINTS

Company Overview[1]Tilaknagar Industries Ltd. (TI) is an Indian alcoholic beverage company with a diverse portfolio of brands across various segments. The company is known for Mansion House Brandy, the largest-selling brandy in India and the second-largest globally.

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.United Spirits1427.1060.57103840.570.84464.0042.563173.0011.5726.5012658.0018.341714.40486.1212.3512.340.05
2.United Breweries1726.90120.1345660.120.5846.34-64.802052.83-3.0213.889240.398.32380.0946.5210.516.030.18
3.Radico Khaitan3273.1094.3543799.300.12138.9669.071493.9333.8316.245598.2914.85464.24138.9615.027.980.21
4.Allied Blenders650.7570.7318177.140.5562.9235.22990.0614.1121.083807.5112.86256.9864.3111.686.290.68
5.Tilaknagar Inds.485.8037.0510123.100.2153.34-7.44398.226.2327.671553.6018.76273.2453.345.0320.030.02
6.India Glycols1126.7526.956983.820.4465.0630.881092.2013.6312.353971.0814.53259.1465.062.914.040.86
7.Piccadily Agro623.5555.886132.530.0026.728.32212.2114.7622.68863.6422.86109.7526.697.6310.870.40
тАУMedian: 24 Co.265.5237.051555.90.1116.75-3.72196.374.913.25771.110.5252.3516.753.096.160.45

Quarterly Results

Standalone figures in тВ╣ crores

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales
274303357304354377359313375340406409398
Expenses
243263316270305324305263309280328315339
Operating Profit
31404134495353506560789460
Other Income
05250169-22341843
Profit before tax
13767622394639405854878853
Tax %
0%0%-0%0%0%0%0%0%0%0%-0%0%0%
Net Profit
13767622394639405854878853
EPS in Rs
0.814.164.101.152.062.372.012.092.992.814.494.562.56

Profit & Loss

Standalone Figures in тВ╣ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
6165513723813084896495497831,1641,3941,4341,554
Expenses
4744674844693714376574936791,0311,2051,1811,262
Operating Profit
14284-112-88-6352-956104134189254292
Other Income
42023224741210103132729
Interest
5382120153134168125655840271210
Depreciation
23273736363531313131302928
Profit before tax
69-23-268-275-201-149309-2925166146239283
Net Profit
49-34-266-268-198-149308-2929166146239283
EPS in Rs
3.93-2.77-21.32-21.49-15.87-11.9024.61-2.301.838.957.5612.3714.42
Dividend Payout %
20%-2%0%0%0%0%0%0%5%3%7%8%тАУ

Compounded Sales Growth

10 Years:10%
5 Years:17%
3 Years:22%
TTM:9%

Compounded Profit Growth

10 Years:24%
5 Years:29%
3 Years:99%
TTM:46%

Stock Price CAGR

10 Years:36%
5 Years:95%
3 Years:71%
1 Year:39%

Return on Equity

10 Years:%
5 Years:%
3 Years:26%
Last Year:29%

Balance Sheet

Standalone figures in тВ╣ crores

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
124125125125125125125125159185193194208
Reserves
418383112-113-310-457-149-178-383004727091,804
Borrowings
7777878451,0289891,0725356635842541204348
Other Liabilities
209302341204199414500344278265255284287
Total Liabilities
1,5281,5961,4231,2441,0031,1541,0119559821,0051,0401,2302,347
Fixed Assets
406555530494541506481450422403380354340
Gross Block
522.39703.44714.85710.88793.43793.48799.57798.81766.59813.65819.99822.82тАУ
Accumulated Depreciation
116.02148.66184.66217.07252.42287.12318.12348.77344.34410.21440.34469.22тАУ
CWIP
12715151515150000035
Investments
46464242484848486444336164
Other Assets
9499808356933995854824574975576278111,938
Total Assets
1,5281,5961,4231,2441,0031,1541,0119559821,0051,0401,2302,347

Cash Flows

Standalone Figures in тВ╣ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
38178192720213208728184114176
Cash from Investing Activity
-109-84-9-1-2500-0-46-19-11-75
Cash from Financing Activity
70-81-23-28-178-5-208-69-12-67-129-94
Net Cash Flow
-112-13-3-290223-2-257

Ratios

Standalone Figures in тВ╣ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
10784758280132133116107104110104
Inventory Days
137134145108227273116198142152113191
Days Payable
57166218185467544272369321165134170
Cash Conversion Cycle
1875226-159-139-23-54-719189126
Working Capital Days
9276-84-491-1,067-70043-73-17187996
ROCE %
10%5%-12%-11%-7%2%-3%6%13%15%22%28%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
41.95%41.15%42.02%41.97%40.26%40.19%40.17%40.14%40.00%40.00%39.97%37.20%
FIIs
10.38%10.90%10.57%11.33%11.57%11.39%11.69%12.40%13.96%15.32%15.29%19.45%
DIIs
0.01%0.01%0.01%0.02%0.18%0.11%0.35%1.19%1.35%1.26%1.38%3.82%
Public
47.68%47.95%47.39%46.69%47.99%48.32%47.79%46.28%44.70%43.42%43.35%39.52%

* The classifications might have changed from Sep'2022 onwards.тД╣я╕П

Documents

Announcements

Announcement under Regulation 30 (LODR)-Allotment

1d - 3,77,15,000 shares allotted on Nov 20, 2025; Rs.1,080.53 crore received; post-paid-up 24,59,08,750.

Announcement under Regulation 30 (LODR)-Press Release / Media Release

2d - Nov 20, 2025 launch of Seven Islands Pure Malt (750ml, 42.8%, INR5,200); marks TI's whisky expansion after Imperial Blue acquisition.

Announcement under Regulation 30 (LODR)-Earnings Call Transcript

18 Nov - CCI approval for Imperial Blue; transaction expected Q3 FY26; Rs.2,296 crore preferential issue; Rs.986 crore received.

Announcement under Regulation 30 (LODR)-Newspaper Publication

17 Nov - Window for re-lodgment of transfer of physical shares

Announcement under Regulation 30 (LODR)-Newspaper Publication

17 Nov - Window for re-lodgment of transfer of physical shares

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Financial Year 2022

(from bse)

Financial Year 2021

(from bse)

Financial Year 2020

(from bse)

Financial Year 2019

(from bse)

Financial Year 2018

(from bse)

Financial Year 2017

(from bse)

Financial Year 2016

(from bse)

Financial Year 2015

(from bse)

Financial Year 2014

(from bse)

Financial Year 2013

(from nse)

Financial Year 2013

(from bse)

Financial Year 2012

(from bse)

Credit Ratings

Rating update

17 Oct from crisil

Rating update

31 Jul from crisil

Rating update

26 Dec 2024 from crisil

Rating update

5 Jan 2024 from crisil

Concalls

Nov 2025

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