TILIndustrials

TIL Limited

Construction Vehicles · ISIN INE806C01018 · BSE 505196 · NSE BE · FV ₹10
Last price
₹250
+2.54%today
What this company does

TIL Limited operates in Construction Vehicles, part of the Industrials sector. It booked ₹117 cr of revenue in its latest quarter (Q1 FY27) and kept -5.3% of sales as profit. It is the 4th largest of 5 Construction Vehicles companies we track, by market value.

TIL Limited (TIL) is a leading manufacturer of material handling and infrastructure equipment, with a strong legacy spanning over eight decades and renowned for its commitment to top-quality production, design innovation and manufacturing excellence. With headquarters in Kolkata, TIL boasts a strategic presence with regional offices spread across India's major cities.
Their stated mission

To deliver customer delight role in shaping the country’s industrial and infrastructure globally through engineering landscape through reliable, high-performance lifting and and service solutions, material handling solutions designed for demanding while living our values and operating environments.

In the report:
28out of 100
Equitytale Health Score
Fragile

Healthier than 28% of companies in Industrials, on all six measures of filed financials. Each measure is ranked against the 166–290 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)
56

At close. Not part of the score.

Profitability & returns12

How much profit it earns on the money it employs

Balance sheet6

How much it owes, and whether earnings cover the interest

Cash quality10

Whether reported profit actually arrives as cash

Growth & consistency75

Whether sales and profit have grown, and how steadily

Valuation4

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
Some things to watch
Strengths
Sales up 86% vs last year
Promoters hold 61%
No promoter shares pledged
Watch-outs
! Currently loss-making
! Thin -5.3% net margin
! Low -22.2% return on equity
! Carries high debt (D/E 3.3)
! Operating cash flow is negative

What if I invest in TIL?

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
₹250 +2.54%
latest close · 2026-09-17
1-year return
+55.3%
52-wk low ₹8852-wk high ₹272
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/B ratio17.88High
Below bookModerateHigh
EV / EBITDA85.0High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity-22.2%Loss
WeakFairStrong ▸15%
Return on capital7.0%Weak
WeakFairStrong
Net margin-5.3%Loss
ThinDecentStrong
EBITDA margin5.9%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity3.30High
LowModerateHigh ▸1
Interest cover0.4×Risky
RiskyOkayStrong ▸5×
Current ratio1.07Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹1,985 cr
Book value
₹14
EPS
₹-0.69
latest quarter
Net debt
₹362 cr
owes more than its cash
Enterprise value
₹2,347 cr
EBITDA
₹28 cr
annualised
EBIT
₹17 cr
annualised
Operating margin
3.7%
Return on assets
-3.6%
Earnings yield
P/S
4.24
Sales / share
₹59.0
Tax rate
Face value
₹10
Shares
7.9 cr
Working capital
₹31 cr
Current assets
₹470 cr
Current liabilities
₹438 cr
Delivery %
41.5%
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 2026 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.
Models span ₹358₹358, midpoint ₹358

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₹117 cr
Other Income₹32 L
Total Income₹117 cr
Cost of Materials₹53 cr
Purchases of Stock-in-Trade₹10 cr
Inventory Change (±)₹6 cr
Employee Benefit Expense₹18 cr
Finance Costs₹12 cr
Depreciation & Amortisation₹3 cr
Other Expenses₹23 cr
Total Expenses₹124 cr
Exceptional Items₹-42 L
Profit before Tax₹-7 cr
Tax Expense₹-2 cr
Net Profit₹-5 cr
Net margin on total income-4.6%
Where the money goes · Q1 FY27
% of total spend
Materials + stock-in-trade₹69 cr55.8%
Employee benefit expense₹18 cr14.1%
Finance costs₹12 cr9.4%
Depreciation & amortisation₹3 cr2.0%
Other expenses₹23 cr18.7%
Total income ₹117 cr

The company made a net loss of ₹5 cr this quarter — income covered only 94 of every ₹100 it spent on costs and tax.

Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue73 cr109 cr117 cr
Total income76 cr109 cr117 cr
Expenses85 cr116 cr124 cr
Profit before tax-9 cr-12 cr-7 cr
Tax-3 cr-2 cr-2 cr
Net profit (owners' share)-7 cr-10 cr-6 cr
Net margin (owners' share, on revenue)-9.4%-9.2%-5.3%
EPS (₹)-1.03-1.46-0.69
YoY (latest quarter): total income +66.1% · net profit
Balance sheet & cash flow · as of Mar 2026
High debt
Total assets
₹687 cr
Shareholder equity
₹111 cr
parent shareholders
Total debt
₹366 cr
Cash
₹5 cr
Cash flow · H1 FY26
Operating
₹-21 cr
Investing
₹-4 cr
Financing
₹25 cr
Peer comparison
Construction Vehicles · by market value
CompanyPriceMarket capP/E
BEML Limited₹2,013₹16,769 cr
Action Construction Equipment Limited₹1,206₹14,359 cr30.0
Ajax Engineering Limited₹567₹6,482 cr29.1
TIL Limitedthis company₹250₹1,985 cr
Indo Farm Equipment Limited₹135₹649 cr28.6
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹1.75
ex 6 Aug 2019
ActionDetailEx-date
Rights issue64:1123 Mar 2026
Rights issue10:2822 Mar 2024
Dividend₹1.75 / share6 Aug 2019
Dividend₹3.5 / share26 Jul 2018
Dividend₹3 / share16 Aug 2017
Dividend₹1.5 / share17 Jul 2014
Who owns it · 2026-08-06
No pledge
Promoter
61.3%
FII / Foreign
2.9%
DII / Domestic
3.1%
Retail / others
32.8%
Promoter stake down 7.1% over the last 12 quarters.
Smart-money activity
Bulk / block deals
SoldVINSUL MAKARDI LTD · NSE5.09 L @ ₹253.3229 Jul 26
BoughtVINSUL MAKARDI LTD · NSE5.09 L @ ₹252.8629 Jul 26
BoughtSINGULARITY EQUITY FUND I · NSE5.27 L @ ₹223.7229 Jul 26
Stake changes
SoldMrs.Manju Mazumdar→ 3.20% · 30.11 L29 Jul 26
SoldMrs. Manju Mazumder→ 3.20% · 30.11 L29 Jul 26
BoughtTIL Global Private Ltd · promoter→ 61.25% · 12.09 L14 Apr 26
Promoter pledges
PledgedIndocrest Defence Solutions Private Limited19.31 L · 0.00% held15 Jul 23
PledgedIndocrest Defence Solutions Private Limited7.67 L · 0.00% held15 Jul 23
PledgedIndocrest Defence Solutions Private Limited2.49 L · 0.00% held15 Jul 23
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 · 14 Mar 2026
See the official result
1
Approval for Acquisition of Equity Share Capital in Tulip Compression Private Limited
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 75%
81.84 L votes for, 21 against · 0% of mutual funds and other big investors said no
2
Enhancement of the Borrowing Limit of the Company under Section 180(1)(c) of the Companies Act, 2013
Backed by 100% of shareholders other than promotersneeded 75%
81.84 L votes for, 21 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 — 1 named members
owning 61.3% between them · as of 2026-08-06
TIL GLOBAL PRIVATE LIMITED61.30%

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.

Money raised in Jan 2026 by warrants convertible into equity shares

As of Jun 2026, the company says it has spent 45% of what it set aside.

Capital Expenditure for growth including acquisition
8%
of what was set aside
Working Capital requirements
100%
of what was set aside
General Corporate purposes
100%
of what was set aside
Spent by quarter: 43%45% (to Jun 2026)

The amount this filing states as raised is many times the whole company’s market value, so it is almost certainly entered in the wrong unit. We show the purposes and how far along each one is, and leave the rupee figures out rather than repeat a number that cannot be right.

Money raised in Jun 2025 by selling shares to selected investors

The company has not broken this money down into purposes in its filing for Dec 2025, so there is nothing to measure it against yet.

The amount this filing states as raised is many times the whole company’s market value, so it is almost certainly entered in the wrong unit. We show the purposes and how far along each one is, and leave the rupee figures out rather than repeat a number that cannot be right.

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.