TIFast Moving Consumer Goods

Tilaknagar Industries Limited

Breweries & Distilleries · ISIN INE133E01013 · BSE 507205 · NSE EQ · FV ₹10
Last price
₹544
+3.29%today
What this company does

Tilaknagar Industries Limited operates in Breweries & Distilleries, part of the Fast Moving Consumer Goods sector. It booked ₹2,252 cr of revenue in its latest quarter (Q1 FY27) and kept 1.5% of sales as profit. It is the 5th largest of 9 Breweries & Distilleries companies we track, by market value.

In the report:
33out of 100
Equitytale Health Score
Strained

Healthier than 33% of companies in Fast Moving Consumer Goods, on all six measures of filed financials. Each measure is ranked against the 27–149 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)
55

At close. Not part of the score.

Profitability & returns24

How much profit it earns on the money it employs

Balance sheet30

How much it owes, and whether earnings cover the interest

Cash quality36

Whether reported profit actually arrives as cash

Growth & consistency54

Whether sales and profit have grown, and how steadily

Valuation17

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

Governance & risk48

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 161% vs last year
Turns profit into real cash
Watch-outs
! Thin 1.5% net margin
! Profit down 63% vs last year
! 12.4% of promoter stake pledged
! Low 4.4% return on equity

What if I invest in TI?

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 We do not publish price targets or predict returns.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
₹544 +3.29%
latest close · 2026-09-17
1-year return
+1282.1%
52-wk low ₹3852-wk high ₹595
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 ratio106.2High
LowAverageHigh
P/B ratio4.51High
Below bookModerateHigh
EV / EBITDA27.1High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity4.4%Weak
WeakFairStrong ▸15%
Return on capital7.4%Weak
WeakFairStrong
Net margin1.5%Thin
ThinDecentStrong
EBITDA margin6.4%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.77Moderate
LowModerateHigh ▸1
Interest cover1.5×Risky
RiskyOkayStrong ▸5×
Current ratio2.50Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹13,459 cr
Book value
₹120
EPS
₹1.28
latest quarter
Net debt
₹2,077 cr
owes more than its cash
Enterprise value
₹15,536 cr
EBITDA
₹573 cr
annualised
EBIT
₹391 cr
annualised
Operating margin
4.3%
Return on assets
2.1%
Earnings yield
0.94%
P/S
1.49
Sales / share
₹364.1
Tax rate
0.0%
Face value
₹10
Shares
24.7 cr
Working capital
₹1,313 cr
Current assets
₹2,190 cr
Current liabilities
₹877 cr
Delivery %
51.2%
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 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹130₹180, midpoint ₹155

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 · Q1 FY27 (consolidated)
Revenue from Operations₹2,252 cr
Other Income₹5 cr
Total Income₹2,257 cr
Cost of Materials₹547 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹47 cr
Employee Benefit Expense₹46 cr
Finance Costs₹66 cr
Depreciation & Amortisation₹45 cr
Other Expenses₹1,444 cr
Total Expenses₹2,195 cr
Exceptional Items₹-30 cr
Profit before Tax₹31 cr
Tax Expense₹0 cr
Share of JV / Associates₹10.6 L
Net Profit₹32 cr
Net margin on total income1.4%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹593 cr26.7%
Employee benefit expense₹46 cr2.1%
Finance costs₹66 cr3.0%
Depreciation & amortisation₹45 cr2.0%
Other expenses₹1,444 cr64.9%
Profit for the period₹32 cr1.4%
Total income ₹2,257 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue1,453 cr2,090 cr2,252 cr
Total income1,466 cr2,097 cr2,257 cr
Expenses1,402 cr2,050 cr2,195 cr
Profit before tax-106 cr-15 cr31 cr
Tax0 cr0 cr0 cr
Net profit (owners' share)-103 cr-15 cr33 cr
Net margin (owners' share, on revenue)-7.1%-0.7%1.5%
EPS (₹)-4.67-0.601.28
YoY (latest quarter): total income +160.0% · net profit -62.7%
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹6,160 cr
Shareholder equity
₹2,982 cr
parent shareholders
Total debt
₹2,295 cr
Cash
₹218 cr
Cash flow · H1 FY26
Operating
₹70 cr
Investing
₹-243 cr
Financing
₹987 cr
Peer comparison
Breweries & Distilleries · by market value
CompanyPriceMarket capP/E
United Spirits Limited₹1,390₹1.01 L cr104.0
Radico Khaitan Limited₹4,380₹58,662 cr63.8
United Breweries Limited₹1,217₹32,172 cr48.4
Allied Blenders and Distillers Limited₹653₹18,268 cr92.8
Tilaknagar Industries Limitedthis company₹544₹13,459 cr106.2
Piccadily Agro Industries Limited₹601₹5,920 cr69.2
Globus Spirits Limited₹831₹2,416 cr22.7
GM Breweries Limited₹937₹2,141 cr14.2
India Glycols Limited₹249₹1,667 cr4.3
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.37%
trailing 12 months
Dividend / share (TTM)
₹2
Last dividend
₹1
ex 15 Sep 2026
ActionDetailEx-date
Dividend₹1 / share15 Sep 2026
Dividend₹1 / share23 Sep 2025
Dividend₹0.5 / share20 Sep 2024
Dividend₹0.25 / share21 Sep 2023
Dividend₹0.1 / share19 Aug 2022
Dividend₹0.8 / share18 Sep 2014
Who owns it · 2026-06-30
12.4% pledged
Promoter
31.7%
FII / Foreign
16.9%
DII / Domestic
6.3%
Retail / others
45.2%
Promoter stake down 8.5% over the last 12 quarters.
Smart-money activity
Insider trades
SoldHemangi Joshi Naik · Employees/Designated Employees12,400 · ₹8.5 L29 Jun 22
SoldGerald Rodrigues · Employees/Designated Employees11,000 · ₹7.5 L29 Jun 22
SoldGerald Rodrigues · Employees/Designated Employees8,417 · ₹5.7 L28 Jun 22
Bulk / block deals
short · NSE3324 Jul 26
short · NSE1222 May 26
short · NSE87618 Mar 26
Stake changes
SoldLotus Family Trust Trustee - Barclays Wealth Trustees (India) Private Limited→ 3.64% · 19.40 L14 Aug 26
SoldLotus Family Trust→ 3.64% · 19.40 L14 Aug 26
SoldLotus Family Trust→ 3.64% · 19.40 L14 Aug 26
Promoter pledges
PledgedAvendus Finance Private Limited6.50 L · 11.54% held2 Feb 26
PledgedCatalyst Trusteeship Limited5.38 L · 0.00% held20 Nov 25
ReleasedComfort Fincap Ltd10.00 L · 0.52% held29 Nov 23
What shareholders were asked to approve
2 proposals passed only on promoter votes

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.

Postal ballot · 23 Aug 2026
See the official result
1
Re-Appointment of Ms. Swapna Shah (DIN: 08807901) as Non-Executive Non- Independent Director of the Company and approval of advisory fees
Backed by 69% of shareholders other than promotersneeded 50%
4.13 cr votes for, 1.84 cr against · 47% of mutual funds and other big investors said no

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 — 6 named members
owning 31.7% between them · as of 2026-06-30
SHIVANI AMIT DAHANUKAR13.33%
AMIT DAHANUKAR11.22%
M L DAHANUKAR AND CO PVT LTD3.84%
ARUNODAY INVESTMENTS PVT LTD2.88%
PRIYADARSHINI A DAHANUKAR0.22%
ANUPAMA ARUN DAHANUKAR0.18%

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.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹2,296 cr raised in Sep 2025 by selling shares to selected investors

As of Jun 2026, the company says it has spent 91% of what it set aside, leaving ₹203 cr still to be spent. Crisil Ratings Limited watches the spending on the exchange’s behalf.

1. Acquisition of Business Undertaking of Pernod Ricard India Private Limited, as a going concern on a slump sale basis related to the business of production, bottling, marketing and sale of alcoholic and other beverages under the Imperial Blue Brands.
now filed as: No deviation from original object
100%
₹1,297 cr of ₹1,300 cr
Working Capital
now filed as: No deviation from original object
100%
₹499 cr of ₹500 cr
For general corporate purposes
now filed as: No deviation from original object
60%
₹297 cr of ₹496 cr
₹2,296 cr raised in Jul 2025 by selling shares to selected investors

As of Dec 2025, the company says it has spent 74% of what it set aside, leaving ₹594 cr still to be spent. Crisil Ratings Limited watches the spending on the exchange’s behalf.

Acquisition of Brand
100%
₹1,297 cr of ₹1,300 cr
Working Capital
58%
₹291 cr of ₹500 cr
General Corporate Purposes
23%
₹114 cr of ₹496 cr

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

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