TIKONAIndustrials

Tikona Communication Limited

Iron & Steel Products · ISIN INE534A01028 · BSE 513343 · NSE BE · FV ₹4
Last price
₹38
-1.99%today
What this company does

Tikona Communication Limited operates in Iron & Steel Products, part of the Industrials sector. It booked ₹11 cr of revenue in its latest quarter (Q2 FY27) and kept 6.1% of sales as profit.

In the report:
59out of 100
Equitytale Health Score
Mixed

Healthier than 59% of companies in Industrials, on all six measures of filed financials. Each measure is ranked against the 162–284 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
51

At close. Not part of the score.

Profitability & returns83

How much profit it earns on the money it employs

Balance sheet49

How much it owes, and whether earnings cover the interest

Cash quality23

Whether reported profit actually arrives as cash

Growth & consistency76

Whether sales and profit have grown, and how steadily

Valuation21

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Promoters hold 70%
✓ No promoter shares pledged
✓ Turns profit into real cash
Watch-outs
! Thin 6.1% net margin

What if I invest in TIKONA?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹38▼ -1.99%
latest close · 2026-11-04
1-year return
+1164.7%
52-wk low ₹252-wk high ₹48
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio41.2High
LowAverageHigh
EV / EBITDA28.9High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on capital104.5%Strong
WeakFairStrong
Net margin6.1%Decent
ThinDecentStrong
EBITDA margin9.1%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Interest cover7.5×Strong
RiskyOkayStrong ▸5×
Current ratio1.11Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹115 cr
Book value
₹-1
EPS
₹0.23
latest quarter
Net debt
₹6 cr
owes more than its cash
Enterprise value
₹122 cr
EBITDA
₹4 cr
annualised
EBIT
₹4 cr
annualised
Operating margin
9.1%
Return on assets
7.0%
Earnings yield
2.42%
P/S
2.51
Sales / share
₹15.1
Tax rate
22.8%
Face value
₹4
Shares
3.0 cr
Working capital
₹4 cr
Current assets
₹40 cr
Current liabilities
₹36 cr
Delivery %
96.3%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q2 FY27 (consolidated)
Revenue from Operations₹11 cr
Other Income₹0 cr
Total Income₹11 cr
Cost of Materials₹12 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-2 cr
Employee Benefit Expense₹16 L
Finance Costs₹14.1 L
Depreciation & Amortisation₹0 cr
Other Expenses₹21.8 L
Total Expenses₹11 cr
Profit before Tax₹90.9 L
Tax Expense₹20.7 L
Net Profit₹70.2 L
Net margin on total income6.1%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹10 cr87.6%
Employee benefit expense₹16 L1.4%
Finance costs₹14.1 L1.2%
Other expenses₹21.8 L1.9%
Tax expense₹20.7 L1.8%
Profit for the period₹70.2 L6.1%
Total income ₹11 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue11 cr20 cr11 cr
Total income11 cr20 cr11 cr
Expenses10 cr18 cr11 cr
Profit before tax88.7 L2 cr90.9 L
Tax0 cr0 cr20.7 L
Net profit (owners' share)88.7 L2 cr70.2 L
Net margin (owners' share, on revenue)8.4%10.7%6.1%
EPS (₹)0.290.690.23
Balance sheet & cash flow · as of Sep 2026
Total assets
₹40 cr
Shareholder equity
₹-3 cr
parent shareholders
Total debt
₹6 cr
Cash
₹14.2 L
Cash flow · H1 FY27
Operating
₹45.1 L
Investing
₹0 cr
Financing
₹-41.1 L
Peer comparison
Iron & Steel Products · by market value
CompanyPriceMarket capP/E
Welspun Corp Limited₹2,316₹61,083 cr30.6
APL Apollo Tubes Limited₹2,153₹59,783 cr39.5
Shyam Metalics and Energy Limited₹1,220₹33,885 cr16.6
Ratnamani Metals & Tubes Limited₹2,380₹16,682 cr50.8
Jindal Saw Limited₹247₹15,794 cr83.4
Usha Martin Limited₹461₹14,057 cr24.7
Gallantt Ispat Limited₹526₹12,693 cr52.4
Godawari Power And Ispat limited₹193₹11,889 cr13.4
Jayaswal Neco Industries Limited₹90₹8,704 cr9.5
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-09-30
No pledge
Promoter
70.2%
FII / Foreign
—
DII / Domestic
0.0%
Retail / others
29.8%
Smart-money activity
Stake changes
SoldGaurav Goyal · promoter→ 0.00% · 1.71 cr28 Sep 26
BoughtSAR Televenture Limited · promoter→ 70.17% · 1.71 cr28 Sep 26
BoughtSar Televenture Ltd · promoter→ 14.04% · 42.71 L25 Sep 26
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Special shareholder meeting · 28 Oct 2026
See the official result
1
Increase In Authorised Share Capital And Consequential Alteration of the Capital Clause of The Memorandum of Association of The Company
Backed by 100% of shareholders other than promotersneeded 50%
2,100 votes for, 0 against
2
Issue of warrants, convertible into equity shares to person(s) belonging to promoter and non-promoter category on preferential basis.
Backed by 100% of shareholders other than promotersneeded 75%
2,100 votes for, 0 against
3
To Issue of Equity Shares on Preferential Basis to Persons belonging to Non-Promoter Group
Backed by 100% of shareholders other than promotersneeded 75%
2,100 votes for, 0 against
4
To Issue Redeemable Non-Convertible Cumulative Preference Shares through Private Placement Basis
Backed by 100% of shareholders other than promotersneeded 75%
2,100 votes for, 0 against

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 4 named members
owning 70.2% between them · as of 2026-09-30
SAR TELEVENTURE LIMITED70.17%
HEENA ASHOK MEHTA0.01%
MINAL KIRAN JANGLAno shares
NAMITA HITEN JANGLAno shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.