Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated: April 2, 2026, 3:49 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 507205 | NSE: TI

Tilaknagar Industries Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹711.64Undervalued by 67.05%vs CMP ₹426.00

P/E (37.2) × ROE (29.6%) × BV (₹80.60) × DY (0.23%)

₹262.28Overvalued by 38.43%vs CMP ₹426.00
MoS: -62.4% (Negative)Confidence: 63/100 (Moderate)Models: 1 Under, 8 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹847.5623%Under (+99%)
Graham NumberEarnings₹111.2917%Over (-73.9%)
Earnings PowerEarnings₹52.4411%Over (-87.7%)
DCFCash Flow₹106.4911%Over (-75%)
Net Asset ValueAssets₹80.607%Over (-81.1%)
EV/EBITDAEnterprise₹113.809%Over (-73.3%)
Earnings YieldEarnings₹68.307%Over (-84%)
ROCE CapitalReturns₹35.927%Over (-91.6%)
Revenue MultipleRevenue₹58.056%Over (-86.4%)
Consensus (9 models)₹262.28100%Overvalued
Key Drivers: Wide model spread (₹36–₹848) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 19.1%

*Investments are subject to market risks

Investment Snapshot

72
Tilaknagar Industries Ltd scores 72/100 (Strong)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health80/100 · Strong
ROCE 28.2% ExcellentROE 29.6% ExcellentD/E -9.24 Low debtInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money70/100 · Strong
FII holding up 3.09% (6mo) AccumulatingDII holding up 3.65% MF buyingPromoter decreased by 5.49% Caution
Earnings Quality65/100 · Strong
OPM expanding (13% → 16%) Improving
Quarterly Momentum60/100 · Moderate
Revenue (4Q): +35% YoY AcceleratingProfit (4Q): -38% YoY Declining
Industry Rank85/100 · Strong
P/E 37.2 vs industry 26.7 In-lineROCE 28.2% vs industry 15.5% Above peersROE 29.6% vs industry 13.4% Above peers3Y sales CAGR: 22% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:49 am

Market Cap 10,523 Cr.
Current Price 426
Intrinsic Value₹262.28
High / Low 550/200
Stock P/E37.2
Book Value 80.6
Dividend Yield0.23 %
ROCE28.2 %
ROE29.6 %
Face Value 10.0
PEG Ratio1.95

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Tilaknagar Industries Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Tilaknagar Industries Ltd 10,523 Cr. 426 550/20037.2 80.60.23 %28.2 %29.6 % 10.0
Globus Spirits Ltd 2,479 Cr. 853 1,304/79731.2 3580.32 %5.80 %2.54 % 10.0
G M Breweries Ltd 2,396 Cr. 1,049 1,329/59114.7 4310.72 %18.1 %14.6 % 10.0
Associated Alcohols & Breweries Ltd 1,449 Cr. 722 1,446/66116.6 3090.28 %20.0 %17.3 % 10.0
Som Distilleries & Breweries Ltd 1,437 Cr. 69.1 173/61.816.2 39.90.00 %18.0 %16.2 % 2.00
Industry Average6,879.63 Cr832.5126.65278.690.21%15.54%13.43%8.00

All Competitor Stocks of Tilaknagar Industries Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 303357304354377359313375340406409398664
Expenses 262314266307325311263309280327315338554
Operating Profit 414338475148506660789460110
OPM % 13%12%13%13%14%13%16%18%18%19%23%15%17%
Other Income 5231168-4234842-157
Interest 98688543223239
Depreciation 88888888877720
Profit before tax 765926374431405854778953-106
Tax % 0%-0%0%0%0%0%0%0%0%-0%0%0%0%
Net Profit 765926374431405854778953-105
EPS in Rs 4.173.191.341.932.281.632.083.022.793.994.572.53-4.26

Last Updated: March 3, 2026, 2:10 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 5:16 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 8247484585155786616535497831,1641,3941,4341,877
Expenses 6546535806095756057054956711,0271,2081,1791,534
Operating Profit 17095-122-94356-5254112137185255343
OPM % 21%13%-27%-18%1%8%-8%10%14%12%13%18%18%
Other Income 42323354851124851118-142
Interest 6497125157152184129716240271246
Depreciation 25283938373733333332323141
Profit before tax 85-28-283-288-153-160271-3941150138230113
Tax % 31%44%-0%-3%-1%-0%1%-0%-10%-0%0%-0%
Net Profit 58-40-282-280-151-160270-3845150138230113
EPS in Rs 4.71-3.22-22.58-22.41-12.11-12.7521.56-3.062.858.097.1611.866.83
Dividend Payout % 17%-2%0%0%0%0%0%0%4%3%7%8%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-168.97%-605.00%0.71%46.07%-5.96%268.75%-114.07%218.42%233.33%-8.00%66.67%
Change in YoY Net Profit Growth (%)0.00%-436.03%605.71%45.36%-52.03%274.71%-382.82%332.50%14.91%-241.33%74.67%

Tilaknagar Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:7%
5 Years:17%
3 Years:22%
TTM:9%
Compounded Profit Growth
10 Years:23%
5 Years:26%
3 Years:94%
TTM:79%
Stock Price CAGR
10 Years:38%
5 Years:96%
3 Years:81%
1 Year:49%
Return on Equity
10 Years:%
5 Years:%
3 Years:27%
Last Year:30%

Last Updated: September 5, 2025, 1:46 pm

Balance Sheet

Last Updated: December 4, 2025, 2:07 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 124125125125125125125125159185193194208
Reserves 459417131-104-255-412-143-181-252984616891,783
Borrowings 8328258851,0721,0311,1115797025852561214449
Other Liabilities 250349387258383457519365295273258286290
Total Liabilities 1,6651,7161,5281,3501,2841,2811,0801,0121,0131,0121,0331,2132,330
Fixed Assets 461608579542587552502469439420396370356
CWIP 23412312412411311410010010000340
Investments 23000300023123032
Other Assets 9689828246855836124784434745696258101,901
Total Assets 1,6651,7161,5281,3501,2841,2811,0801,0121,0131,0121,0331,2132,330

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 56213132617591191856571121178
Cash from Investing Activity + -123-85-3-2-8-35-0-26-12-16-77
Cash from Financing Activity + 55-113-27-28-105-104-208-78-41-67-129-94
Net Cash Flow -1215-17-562-17-138-2-8-247
Free Cash Flow -6212742216288190856261113172
CFO/OP 40%224%-15%-28%5,763%171%-371%152%54%53%66%70%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-662.00-730.00-1,007.00-95.002.0055.00-631.00-648.00-473.00-119.0064.00211.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 997291106109133136120110106110104
Inventory Days 12423713419420625211520014415211383
Days Payable 6828921836541850229841234016913574
Cash Conversion Cycle 154217-65-103-117-46-91-868987113
Working Capital Days 389-148-441-583-550-12-147-42167696
ROCE %11%5%-13%-11%-0%3%-8%5%13%15%22%28%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 41.15%42.02%41.97%40.26%40.19%40.17%40.14%40.00%40.00%39.97%37.20%31.71%
FIIs 10.90%10.57%11.33%11.57%11.39%11.69%12.40%13.96%15.32%15.29%19.45%18.41%
DIIs 0.01%0.01%0.02%0.18%0.11%0.35%1.19%1.35%1.26%1.38%3.82%4.91%
Public 47.95%47.39%46.69%47.99%48.32%47.79%46.28%44.70%43.42%43.35%39.52%44.97%
No. of Shareholders 34,00739,88852,30584,94092,44084,9311,00,3741,07,0221,22,3381,22,6191,30,5981,37,389

Shareholding Pattern Chart

No. of Shareholders

Tilaknagar Industries Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Bandhan Focused Fund 1,662,932 3.74 75.48N/AN/AN/A
Bandhan Small Cap Fund 1,495,470 0.33 67.881,465,4702026-02-23 02:08:292.05%
Mahindra Manulife Small Cap Fund 999,440 1.11 45.36N/AN/AN/A
Mahindra Manulife Multi Cap Fund 234,372 0.17 10.64N/AN/AN/A
Bandhan Aggressive Hybrid Fund 199,279 0.52 9.05187,8422026-03-20 00:15:136.09%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 11.897.238.793.15-3.07
Diluted EPS (Rs.) 11.817.168.563.08-3.07
Cash EPS (Rs.) 13.448.819.834.91-0.42
Book Value[Excl.RevalReserv]/Share (Rs.) 45.5633.9326.068.42-4.44
Book Value[Incl.RevalReserv]/Share (Rs.) 45.5633.9326.068.42-4.44
Revenue From Operations / Share (Rs.) 74.0672.3362.8249.3943.75
PBDIT / Share (Rs.) 14.0710.367.817.735.22
PBIT / Share (Rs.) 12.498.706.065.662.58
PBT / Share (Rs.) 11.877.168.092.60-3.08
Net Profit / Share (Rs.) 11.877.168.092.85-3.06
NP After MI And SOA / Share (Rs.) 11.867.168.092.85-3.06
PBDIT Margin (%) 18.9914.3112.4215.6411.93
PBIT Margin (%) 16.8712.039.6411.465.90
PBT Margin (%) 16.029.9012.875.25-7.03
Net Profit Margin (%) 16.029.9012.875.76-6.99
NP After MI And SOA Margin (%) 16.009.9012.875.76-6.99
Return on Networth / Equity (%) 26.0221.1031.0433.840.00
Return on Capital Employeed (%) 25.5321.5519.4515.655.22
Return On Assets (%) 18.9313.3514.814.45-3.79
Long Term Debt / Equity (X) 0.010.090.042.85-8.24
Total Debt / Equity (X) 0.040.180.524.38-9.24
Asset Turnover Ratio (%) 1.281.361.150.770.52
Current Ratio (X) 2.812.301.270.950.86
Quick Ratio (X) 2.191.911.000.790.68
Inventory Turnover Ratio (X) 10.786.386.725.244.41
Dividend Payout Ratio (NP) (%) 4.203.471.100.000.00
Dividend Payout Ratio (CP) (%) 3.702.820.900.000.00
Earning Retention Ratio (%) 95.8096.5398.900.000.00
Cash Earning Retention Ratio (%) 96.3097.1899.100.000.00
Interest Coverage Ratio (X) 22.407.463.601.980.92
Interest Coverage Ratio (Post Tax) (X) 19.896.272.801.520.45
Enterprise Value (Cr.) 4537.444130.572294.941568.39836.06
EV / Net Operating Revenue (X) 3.162.961.972.001.52
EV / EBITDA (X) 16.6520.7015.8612.7912.76
MarketCap / Net Operating Revenue (X) 3.212.911.791.350.67
Retention Ratios (%) 95.7996.5298.890.000.00
Price / BV (X) 5.216.204.327.89-6.63
Price / Net Operating Revenue (X) 3.212.911.791.350.67
EarningsYield 0.040.030.070.04-0.10

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Tilaknagar Industries Ltd. is a Public Limited Listed company incorporated on 29/07/1933 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L15420PN1933PLC133303 and registration number is 133303. Currently company belongs to the Industry of Beverages & Distilleries. Company's Total Operating Revenue is Rs. 1434.15 Cr. and Equity Capital is Rs. 193.63 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Beverages & DistilleriesP.O. Tilaknagar, Ahmednagar District Maharashtra 413720Contact not found
Management
NamePosition Held
Mr. Amit DahanukarChairman & Managing Director
Mrs. Shivani Amit DahanukarExecutive Director
Mr. Chemangala Ramachar RameshWhole Time Director
Ms. Swapna Vinodchandra ShahNon Executive Director
Mr. Kishorekumar G MhatreIndependent Director
Mr. Satish Chand MathurIndependent Director
Maj.Gen.(Retd.) Dilawar SinghIndependent Director
Ms. Aparna Praveen ChaturvediIndependent Director

FAQ

What is the intrinsic value of Tilaknagar Industries Ltd and is it undervalued?

As of 16 April 2026, Tilaknagar Industries Ltd's intrinsic value is ₹262.28, which is 38.43% lower than the current market price of ₹426.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (29.6 %), book value (₹80.6), dividend yield (0.23 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Tilaknagar Industries Ltd?

Tilaknagar Industries Ltd is trading at ₹426.00 as of 16 April 2026, with a FY2026-2027 high of ₹550 and low of ₹200. The stock is currently in the middle of its 52-week range. Market cap stands at ₹10,523 Cr..

How does Tilaknagar Industries Ltd's P/E ratio compare to its industry?

Tilaknagar Industries Ltd has a P/E ratio of 37.2, which is above the industry average of 26.65. The premium over industry average may reflect growth expectations or speculative interest.

Is Tilaknagar Industries Ltd financially healthy?

Key indicators for Tilaknagar Industries Ltd: ROCE of 28.2 % indicates efficient capital utilization; ROE of 29.6 % shows strong shareholder returns. Dividend yield is 0.23 %.

Is Tilaknagar Industries Ltd profitable and how is the profit trend?

Tilaknagar Industries Ltd reported a net profit of ₹230 Cr in Mar 2025 on revenue of ₹1,434 Cr. Compared to ₹45 Cr in Mar 2022, the net profit shows an improving trend.

Does Tilaknagar Industries Ltd pay dividends?

Tilaknagar Industries Ltd has a dividend yield of 0.23 % at the current price of ₹426.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Tilaknagar Industries Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
Explore Industry-wise Stock Analysis Reports