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Last Updated on: 04 March, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 507205 | NSE: TI

Fundamental Analysis of Tilaknagar Industries Ltd

About the Company - Tilaknagar Industries Ltd

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. 783.37 Cr. and Equity Capital is Rs. 158.62 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Beverages & DistilleriesP.O. Tilaknagar, Tal. Shrirampur, Ahmednagar District Maharashtra 413720regoff@tilind.com
http://www.tilind.com
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
Dr. Ravindra BapatIndependent Director
Mr. C V BijlaniIndependent Director
Mr. Kishorekumar G MhatreIndependent Director
Mr. Satish Chand MathurIndependent Director
Maj.Gen.(Retd.) Dilawar SinghIndependent Director
Ms. Aparna Praveen ChaturvediIndependent Director

Tilaknagar Industries Ltd. Share Price Update

Share PriceValue
Today₹225.50
Previous Day₹227.55

Basic Stock Data of Tilaknagar Industries Ltd

Market Cap 4,152 Cr.
Current Price 216
High / Low291/95.5
Stock P/E31.0
Book Value 29.6
Dividend Yield0.12 %
ROCE15.5 %
ROE23.9 %
Face Value 10.0

Data Source: screener.in

Competitors of Tilaknagar Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Som Distilleries & Breweries Ltd 2,047 Cr. 264390/11224.9 66.50.10 %15.6 %18.1 % 5.00
Radico Khaitan Ltd 21,648 Cr. 1,6191,885/1,06991.6 1680.19 %11.6 %9.82 % 2.00
United Breweries Ltd 45,370 Cr. 1,7161,914/1,342134 1520.44 %11.4 %8.27 % 1.00
United Spirits Ltd 85,100 Cr. 1,1701,183/73467.0 93.60.34 %20.0 %17.5 % 2.00
Industry Average38,541.25 Cr1,192.2579.38120.030.27%14.65%13.42%2.50

Tilaknagar Industries Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales168192135201206241230274303357304354377
Expenses145182112171173215208243262314266307325
Operating Profit22102331322622314143384751
OPM %13%5%17%15%16%11%9%11%13%12%13%13%14%
Other Income1701121115231168
Interest181915161616131098688
Depreciation8888888888888
Profit before tax-4-90810231147659263744
Tax %0%2%0%-45%-5%0%0%0%0%-0%0%0%0%
Net Profit-4-901110231147659263744
EPS in Rs-0.31-0.720.030.810.661.470.070.844.173.191.341.932.28

Tilaknagar Industries Ltd Quarterly Chart

Tilaknagar Industries Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales5547528247484585155786616535497831,1641,393
Expenses4075826546535806095756057054956711,0271,212
Operating Profit14717117095-122-94356-5254112137181
OPM %26%23%21%13%-27%-18%1%8%-8%10%14%12%13%
Other Income22423233548511248547
Interest5664649712515715218412971624030
Depreciation22242528393837373333333232
Profit before tax708585-28-283-288-153-160271-3941150166
Tax %33%29%31%-44%0%3%1%0%1%0%-10%-0%
Net Profit476158-40-282-280-151-160270-3845150166
EPS in Rs3.934.974.71-3.22-22.58-22.41-12.11-12.7521.56-3.062.858.098.74
Dividend Payout %20%16%17%-2%0%0%0%0%0%0%4%3%

Tilaknagar Industries Ltd Profit & Loss Yearly Chart

YoY Net Profit Growth
Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)29.79%-4.92%-168.97%-605.00%0.71%46.07%-5.96%268.75%-114.07%218.42%233.33%
Change in YoY Net Profit Growth (%)0.00%-34.71%-164.05%-436.03%605.71%45.36%-52.03%274.71%-382.82%332.50%14.91%

Tilaknagar Industries Ltd Growth

Compounded Sales Growth
10 Years:4%
5 Years:15%
3 Years:21%
TTM:33%
Compounded Profit Growth
10 Years:2%
5 Years:20%
3 Years:34%
TTM:171%
Stock Price CAGR
10 Years:16%
5 Years:72%
3 Years:100%
1 Year:99%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:24%

Tilaknagar Industries Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital120122124125125125125125125125159185192
Reserves355409459417131-104-255-412-143-181-37289378
Borrowings4826628328258851,0721,0311,111579702585256190
Other Liabilities203226250349387258383457519365307282276
Total Liabilities1,1601,4191,6651,7161,5281,3501,2841,2811,0801,0121,0131,0121,035
Fixed Assets446441461608579542587552502469439420410
CWIP9414523412312412411311410010010000
Investments022300030002320
Other Assets619831968982824685583612478443474569605
Total Assets1,1601,4191,6651,7161,5281,3501,2841,2811,0801,0121,0131,0121,035

Tilaknagar Industries Ltd Reserves and Borrowings Chart

Tilaknagar Industries Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 796156213132617591191856571
Cash from Investing Activity -128-73-123-85-3-2-8-35-0-26-12
Cash from Financing Activity 541955-113-27-28-105-104-208-78-41-67
Net Cash Flow57-1215-17-562-17-138-2-8

Tilaknagar Industries Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days8598997291106109133136120110106
Inventory Days639140124237134194206252115200144152
Days Payable43710468289218365418502298412340169
Cash Conversion Cycle286134154217-65-103-117-46-91-8689
Working Capital Days29327026729134796-97-10016155388
ROCE %14%14%11%5%-13%-11%-0%3%-8%5%13%16%

Tilaknagar Industries Ltd Financial Efficiency Indicators Chart

Tilaknagar Industries Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters54.67%49.21%48.88%44.24%44.89%44.86%42.92%41.95%41.15%42.02%41.97%40.26%
FIIs0.00%0.00%0.04%0.14%0.19%0.16%1.91%10.38%10.90%10.57%11.33%11.57%
DIIs0.01%0.01%0.01%0.01%0.00%0.01%0.01%0.01%0.01%0.01%0.02%0.18%
Public45.32%50.78%51.07%55.61%54.91%54.97%55.16%47.68%47.95%47.39%46.69%47.99%
No. of Shareholders24,24334,02434,30732,08032,89033,46633,08133,49034,00739,88852,30584,940

Tilaknagar Industries Ltd Shareholding Pattern Chart

No. of Tilaknagar Industries Ltd Shareholders

Tilaknagar Industries Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Samco Active Momentum Fund1712200.824.13
Motilal Oswal Nifty Microcap 250 Index Fund1083840.422.61

Tilaknagar Industries Ltd ROCE Trend

Tilaknagar Industries Ltd EPS Trend

Tilaknagar Industries Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)8.793.15-3.0721.56-12.76
Diluted EPS (Rs.)8.563.08-3.0721.49-12.76
Cash EPS (Rs.)9.834.91-0.4224.19-9.81
Book Value[Excl.RevalReserv]/Share (Rs.)26.068.42-4.44-1.39-22.95
Book Value[Incl.RevalReserv]/Share (Rs.)26.068.42-4.44-1.39-22.95
Revenue From Operations / Share (Rs.)62.8249.3943.7552.1752.85
PBDIT / Share (Rs.)7.817.735.22-1.764.90
PBIT / Share (Rs.)6.065.662.58-4.391.97
PBT / Share (Rs.)8.092.60-3.0821.68-12.76
Net Profit / Share (Rs.)8.092.85-3.0621.56-12.75
NP After MI And SOA / Share (Rs.)8.092.85-3.0621.56-12.75
PBDIT Margin (%)12.4215.6411.93-3.369.27
PBIT Margin (%)9.6411.465.90-8.423.71
PBT Margin (%)12.875.25-7.0341.55-24.13
Net Profit Margin (%)12.875.76-6.9941.31-24.12
NP After MI And SOA Margin (%)12.875.76-6.9941.31-24.12
Return on Networth / Equity (%)31.0433.840.00-1552.580.00
Return on Capital Employeed (%)19.4515.655.22-7.58-17.36
Return On Assets (%)14.814.45-3.7924.97-12.45
Long Term Debt / Equity (X)0.042.85-8.24-28.200.00
Total Debt / Equity (X)0.524.38-9.24-31.10-2.84
Asset Turnover Ratio (%)1.150.770.520.560.40
Current Ratio (X)1.270.950.861.050.33
Quick Ratio (X)1.000.790.680.880.27
Inventory Turnover Ratio (X)6.725.244.414.083.03
Dividend Payout Ratio (NP) (%)1.100.000.000.000.00
Dividend Payout Ratio (CP) (%)0.900.000.000.000.00
Earning Retention Ratio (%)98.900.000.000.000.00
Cash Earning Retention Ratio (%)99.100.000.000.000.00
Interest Coverage Ratio (X)3.601.980.92-0.170.33
Interest Coverage Ratio (Post Tax) (X)2.801.520.45-0.430.13
Enterprise Value (Cr.)2294.941568.39836.06688.94942.16
EV / Net Operating Revenue (X)1.972.001.521.061.42
EV / EBITDA (X)15.8612.7912.76-31.3215.36
MarketCap / Net Operating Revenue (X)1.791.350.670.280.27
Retention Ratios (%)98.890.000.000.000.00
Price / BV (X)4.327.89-6.63-10.84-0.62
Price / Net Operating Revenue (X)1.791.350.670.280.27
EarningsYield0.070.04-0.101.43-0.88

Tilaknagar Industries Ltd Profitability Ratios (%)

Tilaknagar Industries Ltd Liquidity Ratios

Tilaknagar Industries Ltd Liquidity Ratios (%)

Tilaknagar Industries Ltd Interest Coverage Ratios (X)

Tilaknagar Industries Ltd Valuation Ratios

Fair Value / Intrinsic Value of Tilaknagar Industries Ltd

Fair Value: ₹219.57

The stock is undervalued by 1.65% compared to the current price ₹216

*Investments are subject to market risks

Strength and Weakness of Tilaknagar Industries Ltd

StrengthWeakness
    1. The stock has a low average ROCE of 4.08%, which may not be favorable.
    2. The stock has a high average Working Capital Days of 128.25, which may not be favorable.
    3. The stock has a high average Cash Conversion Cycle of 15.25, which may not be favorable.
    4. The company has higher borrowings (708.62) compared to reserves (100.46), which may suggest financial risk.
    5. The company has not shown consistent growth in sales (544.38) and profit (-6.38).

    Should I Buy Tilaknagar Industries Ltd Share Now?

    • Considering various financial indicators, investors might exercise caution regarding investment in Tilaknagar Industries Ltd:
      1. Net Profit Margin: 12.87%
        • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
      2. ROCE: 19.45% (Industry Average ROCE: 14.65%)
        • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
      3. Interest Coverage Ratio (Post Tax): 2.80
        • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
      4. Quick Ratio: 1.00
        • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
      5. ✓ Stock P/E: 30.9 (Industry average Stock P/E: 77.8)
        • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
      6. ✓ Total Debt / Equity: 0.52
        • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
      The current analysis suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

    About the Author

    Author Avatar
    Getaka

    Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

    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