TIILIndustrials

Technocraft Industries (India) Limited

Iron & Steel Products · ISIN INE545H01011 · BSE 532804 · NSE EQ · FV ₹10
Last price
₹3,050
-2.07%today
What this company does

Technocraft Industries (India) Limited operates in Iron & Steel Products, part of the Industrials sector. It booked ₹805 cr of revenue in its latest quarter (Q1 FY27) and kept 16.6% of sales as profit.

The Company is a multi-product manufacturing company it manufactures high precision and sophisticated products, mainly for discerning worldwide markets.
The Company is the largest manufacturer and seller of steel Drum Closures and continues to enjoy a worldwide market share of about 37% (excluding China).
The Company is a leading Indian manufacturer and distributor of scaffolding and formwork systems.
In the report:
73out of 100
Equitytale Health Score
Solid

Healthier than 73% of companies in Industrials, on all six measures of filed financials. Each measure is ranked against the 129–290 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)
45

At close. Not part of the score.

Profitability & returns90

How much profit it earns on the money it employs

Balance sheet56

How much it owes, and whether earnings cover the interest

Cash quality75

Whether reported profit actually arrives as cash

Growth & consistency64

Whether sales and profit have grown, and how steadily

Valuation61

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
Strong 17% net margin
Sales up 27% vs last year
Profit up 68% vs last year
Promoters hold 75%
No promoter shares pledged
Strong 26% return on equity
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in TIIL?

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 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — 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 We do not publish price targets or predict returns.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
₹3,050 -2.07%
latest close · 2026-09-17
1-year return
+290.8%
52-wk low ₹73552-wk high ₹3,565
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 ratio12.9Low
LowAverageHigh
P/B ratio3.42High
Below bookModerateHigh
EV / EBITDA8.7Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity26.4%Strong
WeakFairStrong ▸15%
Return on capital32.7%Strong
WeakFairStrong
Net margin16.6%Strong
ThinDecentStrong
EBITDA margin27.1%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.40Comfortable
LowModerateHigh ▸1
Interest cover13.3×Strong
RiskyOkayStrong ▸5×
Current ratio2.04Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹6,915 cr
Book value
₹892
EPS
₹58.97
latest quarter
Net debt
₹659 cr
owes more than its cash
Enterprise value
₹7,574 cr
EBITDA
₹872 cr
annualised
EBIT
₹757 cr
annualised
Operating margin
23.5%
Return on assets
16.5%
Earnings yield
7.73%
P/S
2.15
Sales / share
₹1,420.1
Tax rate
21.3%
Face value
₹10
Shares
2.3 cr
Working capital
₹969 cr
Current assets
₹1,902 cr
Current liabilities
₹934 cr
Delivery %
49.6%
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 ₹832₹1,529, midpoint ₹961

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₹805 cr
Other Income₹40 cr
Total Income₹845 cr
Cost of Materials₹359 cr
Purchases of Stock-in-Trade₹6 cr
Inventory Change (±)₹-59 cr
Employee Benefit Expense₹111 cr
Finance Costs₹14 cr
Depreciation & Amortisation₹29 cr
Other Expenses₹210 cr
Total Expenses₹670 cr
Profit before Tax₹175 cr
Tax Expense₹37 cr
Net Profit₹138 cr
Net margin on total income16.3%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹307 cr36.3%
Employee benefit expense₹111 cr13.1%
Finance costs₹14 cr1.7%
Depreciation & amortisation₹29 cr3.4%
Other expenses₹210 cr24.8%
Tax expense₹37 cr4.4%
Profit for the period₹138 cr16.3%
Total income ₹845 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue662 cr712 cr805 cr
Total income691 cr725 cr845 cr
Expenses617 cr620 cr670 cr
Profit before tax74 cr105 cr175 cr
Tax20 cr28 cr37 cr
Net profit (owners' share)53 cr76 cr134 cr
Net margin (owners' share, on revenue)8.0%10.7%16.6%
EPS (₹)23.4633.5658.97
YoY (latest quarter): total income +25.9% · net profit +68.4%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹3,249 cr
Shareholder equity
₹2,022 cr
parent shareholders
Total debt
₹819 cr
Cash
₹160 cr
Cash flow · H1 FY26
Operating
₹145 cr
Investing
₹-63 cr
Financing
₹-97 cr
Peer comparison
Iron & Steel Products · by market value
CompanyPriceMarket capP/E
Welspun Corp Limited₹2,460₹64,903 cr15.5
APL Apollo Tubes Limited₹2,149₹59,664 cr56.7
Shyam Metalics and Energy Limited₹1,077₹29,982 cr21.4
Ratnamani Metals & Tubes Limited₹2,703₹18,943 cr57.6
Jindal Saw Limited₹291₹18,622 cr44.7
Usha Martin Limited₹496₹15,122 cr26.6
Godawari Power And Ispat limited₹238₹14,709 cr16.6
Gallantt Ispat Limited₹538₹12,974 cr26.2
Maharashtra Seamless Limited₹720₹9,651 cr9.1
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.66%
trailing 12 months
Dividend / share (TTM)
₹20
Last dividend
₹20
ex 4 Jun 2026
ActionDetailEx-date
Dividend₹20 / share4 Jun 2026
Dividend₹20 / share6 Jun 2025
BuybackBuy Back27 Aug 2024
BuybackBuy Back29 Dec 2022
Buyback Buyback11 Jan 2018
Dividend₹3 / share17 Mar 2016
Who owns it · 2026-06-30
No pledge
Promoter
74.8%
FII / Foreign
0.4%
DII / Domestic
7.2%
Retail / others
17.7%
Promoter stake up 0.1% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtSubhash Khandelwal · Employees/Designated Employees2,700 · ₹59.2 L27 Mar 26
BoughtCHETNA KHANDELWAL · Immediate relative2,000 · ₹43.3 L5 Mar 26
SoldSHARAD KUMAR SARAF- HUF · Promoter Group22,654 · ₹10.2 cr11 Sep 24
Bulk / block deals
short · NSE22 Dec 24
SoldDSP EMERGING STARS FUND · NSE6.81 L @ ₹311.037 Dec 20
BoughtABAKKUS EMERGING OPPORTUNITIES FUND - 1 · NSE5.75 L @ ₹3117 Dec 20
Stake changes
BoughtAshrit Holdings Limited alongwith PAC · promoter→ 73.12% · 6856 Jul 18
BoughtNavneet Kumar Saraf alongwith PAC · promoter→ 73.12%16 Apr 18
BoughtAshrit Holdings Limited alongwith PAC · promoter→ 73.12% · 68516 Apr 18
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.

Yearly shareholder meeting · 30 Sep 2025
See the official result
1
Adoption of the Audited Financial Statements (including the Consolidated Financial Statements) of the Company for the financial year ended March 31, 2025, together with the Reports of the Board of Directors and Auditors thereon.
Backed by 99% of shareholders other than promotersneeded 50%
16.29 L votes for, 18,231 against · 0% of mutual funds and other big investors said no
2
Re-appointment of Dr. Sharad Kumar Saraf (DIN: 00035843), Director, retiring by rotation
Backed by 93% of shareholders other than promotersneeded 50%
15.29 L votes for, 1.19 L against · 6% of mutual funds and other big investors said no
3
Re-appointment of Mr. Sudarshan Kumar Saraf (DIN: 00035799), Director, retiring by rotation
Backed by 93% of shareholders other than promotersneeded 50%
15.29 L votes for, 1.19 L against · 6% of mutual funds and other big investors said no
4
Ratification of the remuneration of the Cost Auditors viz. Ms. NKJ and Associates. Cost Accountants of the Company.
Backed by 99% of shareholders other than promotersneeded 50%
16.29 L votes for, 18,540 against · 0% 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 — 12 named members
owning 74.7% between them · as of 2026-06-30
Sudarshankumar Saraf28.06%
Shakuntala Saraf21.35%
Sharadkumar Madhoprasad Saraf Huf9.11%
Navneet Kumar Saraf5.84%
Nidhi Saraf2.24%
Ashish Kumar Saraf2.09%
Priyanka Ashish Saraf2.06%
Sharadkumar Saraf1.68%
Business done with them
FY2025 · 8 of the group
The company paid ₹6 cr to companies in the promoter group last year — about 0.2% of its ₹2,596 cr revenue and received ₹12 L back from them.
Sudarshan Kumar Saraf
Other payments to them · Remuneration
₹1 cr
company paid
ASHISH KUMAR SARAF
Other payments to them · Remuneration
also owns 2.09% of the company
₹1 cr
company paid
NAVNEET KUMAR SARAF
Other payments to them · Remuneration
also owns 5.84% of the company
₹1 cr
company paid
Sharad Kumar Saraf
Other payments to them · Remuneration
₹1 cr
company paid
Ritu Saraf
Other payments to them · Salary & Wages
also owns 0.65% of the company
₹12 L
company paid
Suman Saraf
Other payments to them · Salary & Wages
also owns 0.48% of the company
₹12 L
company paid
Priyanka Saraf
Other income from them · Rent Received
₹12 L
company received
Ashrit Holdings Limited
Other income from them · Rent Received
also owns 0.87% of the company
₹0.01 L
company received

The company also transacted with 20 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

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.