Tilaknagar Industries Ltd
TITilaknagar Industries Ltd's price has outrun its earnings. +11.5% in a year against EPS −92.9% — the market is paying now for delivery later.
The sharpest disagreement: the price moved +11.5% in a year while annual EPS moved −92.9% — the difference is re-rating, and re-rating has to be repaid with earnings.
The price is in a confirmed uptrend (59 weeks in) while the P/E sits at the 79th percentile of its own 5-year range. Underneath, the last four quarters read deteriorating — profit −119.5% year on year, and −38% of the last 3 years' profit arrived as cash. What settles it: whether earnings grow into a price that has already moved.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Tilaknagar Industries Ltd trades at ₹442, in a confirmed uptrend and 59 weeks into that stage. That is +1.3% against its own 200-day average. It sits at 38% of a 52-week range of ₹389 to ₹528. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (6 weeks and counting).
Today the stock is in a confirmed uptrend — week 59 of stage 2. At ₹442 it trades +1.3% versus its 200-day average and sits at 38% of its 52-week range (₹389–₹528).
Against the market, two honest reads. Cumulative: over the last 10.3 years the stock moved +2,524% while the NIFTY 500 moved +274% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (6 weeks and counting; last ahead the week of 2026-06-19) — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 79th percentile of its own range.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
Tilaknagar Industries Ltd trades at 43.2× P/E, at the pricey end of its own range (79th percentile). Its long-run median P/E is 37.0×, measured across 4.5 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 43.2× is at the pricey end of its own range (79th percentile), against a long-run median of 37.0× measured over 4.5 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
🚨 Why the multiple sits where it does: over the past year annual EPS moved −92.9% against a +11.5% price move — the price outran earnings, pushing the multiple UP its own range.
The price move, decomposed: over 3y, of the +40.0%/yr price move, ~+36.5%/yr came from earnings growth and ~+3.5 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.
→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.
Stage: Deteriorating Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Tilaknagar Industries Ltd reads as deteriorating on its fundamental arc. Deteriorating — profit and EPS growth are shrinking (profit growth −90.4% latest against +312.5% at its 12-quarter best), ROCE slipping at 12.0%. The read is built from 12 quarters across 4 curves, on partial evidence.
🚨 Why it matters: falling curves mean every cheap-looking ratio below needs a discount for direction.
Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.
A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +63.6% | +26.3% | +33.7% | +17.7% |
| Profit | −90.9% | −48.1% | — | — |
| EPS | −92.9% | −53.0% | — | — |
| Share price | +11.5% | +40.0% | +59.1% | +38.2% |
→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.
4-Factor Sector Score
41.7/100 — rank 10 of 14 in Alcoholic Beverages · 89% evidence confidence
Tilaknagar Industries Ltd scores 41.7 out of 100 against the 14 companies it is compared with in Alcoholic Beverages, ranking 10. Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
The four contributions add to the total exactly: 11.2 + 10 + 13.3 + 7.2 = 41.7. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Tilaknagar Industries Ltd reported ₹949 Cr of revenue in the Mar 26 quarter, +147.1% year on year. That is the 5th straight quarter of year-on-year growth. Over 10 years it has compounded at 17.7% a year. The last full year, FY26, came in at ₹2,346 Cr. The last four reported quarters add to ₹2,379 Cr.
Tilaknagar Industries Ltd reported ₹949 Cr of revenue in the Mar 26 quarter, +147.1% year on year. That is the 5th straight quarter of year-on-year growth. Over 10 years it has compounded at 17.7% a year. The last full year, FY26, came in at ₹2,346 Cr. The last four reported quarters add to ₹2,379 Cr.
FY26 revenue came in at ₹2,346 Cr (+63.6% on the year), capping 10 years at 17.7% compound. The latest quarter (Mar 26) printed ₹949 Cr, +147.1% year on year — the 5th consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +66.8% growth against the decade's 17.7% — the current year is running faster than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +68.5% over the last 4 quarters against +30.6%/yr over the last 8 — accelerating; TTM profit −90.4% vs −60.1%/yr — rolling over.
→ Revenue grew — did margins hold as it scaled? Next: 16.0% this quarter (−4.0 pp YoY).
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Tilaknagar Industries Ltd's operating margin is 16.0% in the Mar 26 quarter, −4.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −27.0% to 21.0%. The current quarter sits inside that band.
Tilaknagar Industries Ltd's operating margin is 16.0% in the Mar 26 quarter, −4.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −27.0% to 21.0%. The current quarter sits inside that band.
The latest quarter's operating margin is 16.0%, −4.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −27.0%–21.0%.
🚨 Why the margin moved: operating margin went −4.2 pp year on year while gross margin went −0.1 pp — the loss came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.
→ Margins slipped — did that reach the bottom line? Next: profit −119.5% in the latest quarter.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Tilaknagar Industries Ltd posted a net loss of ₹15.0 Cr in the Mar 26 quarter. Full-year FY26 profit was ₹21.0 Cr. That loss is 1.6% of the quarter's revenue. The same quarter a year earlier earned ₹77.0 Cr. 2 of the last 12 reported quarters were loss-making.
Tilaknagar Industries Ltd posted a net loss of ₹15.0 Cr in the Mar 26 quarter. Full-year FY26 profit was ₹21.0 Cr. That loss is 1.6% of the quarter's revenue. The same quarter a year earlier earned ₹77.0 Cr. 2 of the last 12 reported quarters were loss-making.
Mar 26 profit was ₹−15.0 Cr, −119.5% year on year. On the full year, FY26 printed ₹21.0 Cr (−90.9%).
🚨 Why profit moved: revenue contributed +147.1% and the margin −4.0 pp — the quarter was revenue-led despite a thinner margin.
Pace comparison, last four quarters: profit −75.0% vs revenue +66.8%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.
→ Profit rose — but did the cash follow? Next: −38% of the last 3 years' profit arrived as cash.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years −38% of Tilaknagar Industries Ltd's reported profit arrived as operating cash — a gap worth watching. In FY26 that was ₹−445 Cr of operating cash against ₹21.0 Cr of profit. After ₹3,539 Cr of capital spending, ₹−3,984 Cr was left as free cash.
FY26: operating cash of ₹−445 Cr against reported profit of ₹21.0 Cr, leaving free cash of ₹−3,984 Cr after ₹3,539 Cr of capital spending. Across the last 3 fiscal years the conversion rate is −38% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
🚨 Why conversion sits at −38%: the cash cycle stretched 308 days between FY21 and FY26 — more of each rupee of profit waits inside the cycle before arriving. Less than 70% of profit arriving as cash is the thing to watch on this page.
Router verdict: conversion is below par and the cash cycle has stretched 308 days — the next section's job is to find where the cash is stuck.
→ So follow the cash to where it goes. Next: the 217-day cycle, in money terms.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Tilaknagar Industries Ltd's cash conversion cycle runs 217 days in FY26, up from −91 days in FY21. Capital spending ran ₹3,555 Cr over the last 3 years. At FY26 sales of ₹2,346 Cr each day of that cycle holds about ₹6.4 Cr, so roughly ₹1,395 Cr sits inside the business at any moment.
FY26: debtors at 198 days, inventory at 117 days — roughly 3.8 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 217 days, looser than FY21's −91.
The full loop: cash goes out to suppliers and production on day 0; stock waits 117 days to sell; customers pay about 198 days after that; and suppliers themselves are paid at 98 days — netting out to the 217-day cycle.
In money terms: at FY26 sales of ₹2,346 Cr, each day of the cycle holds about ₹6.4 Cr — so the 217-day loop keeps roughly ₹1,395 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹3,555 Cr over the last 3 fiscal years against ₹143 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹60.0 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: the working-capital loop is the cash sink the router flagged — watch the cycle, not the P&L.
→ Does all this activity actually earn its cost of capital? Next: ROCE is 12% and the ROIC − WACC spread is −3.8 pp.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.
Tilaknagar Industries Ltd earns a ROCE of 12% in FY26. That is up from a trough of −13% in FY16. Return on invested capital clears the cost of that capital by −3.8 percentage points, so growth here is not yet paying for the capital it uses. The wiring behind it is 0.9% net margin on 0.38× asset turns.
FY26 ROCE is 12%, recovered from a FY16 trough of −13% — the full ladder below shows the fall and the climb, undoctored.
🚨 Why the return is what it is — the wiring (FY26): 0.9% net margin × 0.38× asset turns × 2.07× balance-sheet leverage ≈ 0.7% on equity. Margin does its share; leverage is a meaningful part of the equation.
The capstone test — ROIC − WACC: 8.2% − 12.0% = a −3.8 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Negative — growth at these returns destroys value until the returns recover.
→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.77.
Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.
Tilaknagar Industries Ltd carries total debt of ₹2,301 Cr against shareholder equity of ₹2,982 Cr as of Mar 26, a debt-to-equity of 0.77. On the annual view that ratio went from 4.37 in FY22 to 0.77 in FY26. Read the returns elsewhere on this page with that leverage in mind.
Mar 26: total debt of ₹2,301 Cr against shareholder equity of ₹2,982 Cr — a debt-to-equity of 0.77. On the annual view, debt-to-equity went from 4.37 (FY22) to 0.77 (FY26). Read the returns on this page with that leverage in mind.
→ Who owns this, and are they adding or leaving? Next: Promoters cut 8.5 points over 8 quarters.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
Promoters cut 8.5 points of Tilaknagar Industries Ltd over 8 quarters, the biggest move on the register. That takes promoters to 31.7% of the company. Domestic institutions moved +5.9 points over the same window, to 6.3%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Promoters: −8.5 points over 8 quarters to 31.7%; Domestic institutions: +5.9 points over 8 quarters to 6.3%; Foreign institutions: +5.2 points over 8 quarters to 16.9%.
🚨 Why the register moved: promoters drove it (−8.5 points), absorbed on the other side by domestic institutions (+5.9 points) — distribution into the market’s bid.
→ One last check: does the safety math agree? Next: the balance-sheet safety line.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Tilaknagar Industries Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
| Company | P/E | Mkt cap | Revenue | EPS | ROCE | Stage |
|---|---|---|---|---|---|---|
| Tilaknagar Industries Ltd this page | 43.2× | ₹10,933 Cr | Mixed | |||
| United Spirits Ltd | 57.6× | ₹1.1L Cr | Consistent | |||
| Radico Khaitan Ltd | 89.2× | ₹54,816 Cr | Mixed | |||
| United Breweries Ltd | 108.0× | ₹36,980 Cr | Mixed | |||
| Allied Blenders & Distillers Ltd | 77.8× | ₹17,363 Cr | No read | |||
| India Glycols Ltd | 26.4× | ₹7,760 Cr | Mixed | |||
| Piccadily Agro Industries Ltd | 52.8× | ₹7,267 Cr | Turning around | |||
| Globus Spirits Ltd | 25.5× | ₹2,560 Cr | Turning around | |||
| G M Breweries Ltd | 15.0× | ₹2,066 Cr | Turning around | |||
| Associated Alcohols & Breweries Ltd | 20.0× | ₹1,649 Cr | Mixed | |||
| Som Distilleries & Breweries Ltd | 106.0× | ₹1,515 Cr | Deteriorating | |||
| Sula Vineyards Ltd | 46.7× | ₹1,265 Cr | Turning around | |||
| IFB Agro Industries Ltd | 16.3× | ₹932 Cr | No read | |||
| Jagatjit Industries Ltd | 59.9× | ₹599 Cr | No read |
Frequently asked questions
What is Tilaknagar Industries Ltd's share price today?
Tilaknagar Industries Ltd trades at ₹442, +11.5% over the past year. The company is valued at ₹10,933 Cr. The stock sits at 38% of its 52-week range of ₹389–₹528, +1.3% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 59 weeks in. — as of 24 July 2026.
What were Tilaknagar Industries Ltd's latest quarterly results?
Tilaknagar Industries Ltd reported revenue of ₹949 Cr and a net loss of ₹15.0 Cr for the Mar 26 quarter. Revenue rose 147.1% and profit fell 119.5% year on year. Earnings per share were ₹−0.60. The operating margin was 16.0%, 4.0 pp lower than a year earlier. — as of 24 July 2026.
What is Tilaknagar Industries Ltd's revenue?
Tilaknagar Industries Ltd reported revenue of ₹949 Cr in the Mar 26 quarter, +147.1% year on year. For the full FY26 fiscal year, revenue was ₹2,346 Cr (+63.6%). Over the last 10 years revenue compounded at 17.7% a year. — as of 24 July 2026.
What is Tilaknagar Industries Ltd's profit?
Tilaknagar Industries Ltd earned ₹−15.0 Cr of net profit in the Mar 26 quarter, −119.5% year on year. Full-year FY26 profit was ₹21.0 Cr. The operating margin ran 16.0% in the latest quarter. — as of 24 July 2026.
What is Tilaknagar Industries Ltd's market cap?
Tilaknagar Industries Ltd's market capitalisation is ₹10,933 Cr at a share price of ₹442. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 24 July 2026.
What is Tilaknagar Industries Ltd's P/E ratio?
Tilaknagar Industries Ltd trades at a P/E of 43.2×, at the 79th percentile of its own 5-year range, against a long-run median of 37.0×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.
Does Tilaknagar Industries Ltd pay a dividend?
Yes — Tilaknagar Industries Ltd's dividend payout was 118% of profit in FY26, and it recorded a payout in 6 of its last 13 reported fiscal years. One of those years shows a negative ratio because profit itself was negative. This page holds the payout ratio, not a per-share amount. — as of 24 July 2026.
Is Tilaknagar Industries Ltd overvalued?
On its own history, Tilaknagar Industries Ltd looks expensive against its own history: its P/E of 43.2× sits at the 79th percentile of its 5-year range (long-run median 37.0×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 24 July 2026.
Is Tilaknagar Industries Ltd growing?
Not right now — Tilaknagar Industries Ltd's latest numbers are shrinking: latest-quarter revenue +147.1% year on year, profit −119.5%, and the margin −4.0 pp at 16.0%. The earnings engine currently reads: deteriorating — as of 24 July 2026.
How is Tilaknagar Industries Ltd performing?
Tilaknagar Industries Ltd is in a confirmed uptrend, 59 weeks in. Its latest quarter's revenue rose 147.1% and profit fell 119.5% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 6 weeks. This describes what the data did, not a rating. — as of 24 July 2026.
What stage is Tilaknagar Industries Ltd in?
Deteriorating — profit and EPS growth are shrinking (profit growth −90.4% latest against +312.5% at its 12-quarter best), ROCE slipping at 12.0%. The read comes from the last 12 quarters of growth (revenue growth +68.5% latest, profit growth −90.4% latest, eps growth −81.1% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 24 July 2026.
Is Tilaknagar Industries Ltd in an uptrend?
Yes — the price is in a confirmed uptrend (week 59 of stage 2), trading +1.3% versus its 200-day average and at 38% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 24 July 2026.
Is Tilaknagar Industries Ltd beating the market?
Not lately — on a trailing-13-week view Tilaknagar Industries Ltd is currently behind the NIFTY 500 (6 weeks and counting; last ahead the week of 2026-06-19), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.3 years the stock moved +2,524% against the NIFTY 500's +274% — ahead of the index over the full window. — as of 24 July 2026.
Will Tilaknagar Industries Ltd's share price go up?
This page publishes no price forecast for Tilaknagar Industries Ltd. What it measures instead: the share price is ₹442, the price is in a confirmed uptrend 59 weeks in. Its P/E of 43.2× sits at the 79th percentile of its own 5-year range. — as of 24 July 2026.
Who owns Tilaknagar Industries Ltd?
Promoters hold 31.7% of Tilaknagar Industries Ltd, foreign institutions 16.9%, domestic institutions 6.3% and the public 45.2% (latest quarter). The biggest move on the register over the last two years: Promoters cut 8.5 points over 8 quarters. — as of 24 July 2026.
Does Tilaknagar Industries Ltd have too much debt?
It is moderate — Tilaknagar Industries Ltd's debt-to-equity is 0.77, and operating profit covers the interest bill 4×. FY26 borrowings were ₹2,301 Cr against equity of ₹2,982 Cr. Read the returns on this page with that leverage in mind — as of 24 July 2026.
What is Tilaknagar Industries Ltd's capex?
Tilaknagar Industries Ltd spent ₹3,555 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹3,539 Cr, with ₹60.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 24 July 2026.
What is Tilaknagar Industries Ltd's cash flow?
Tilaknagar Industries Ltd generated ₹−445 Cr of operating cash flow in FY26 and ₹−3,984 Cr of free cash flow after ₹3,539 Cr of capital spending. Reported profit that year was ₹21.0 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 24 July 2026.
Is Tilaknagar Industries Ltd's profit real cash?
Not fully — over the last 3 fiscal years, −38% of Tilaknagar Industries Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹−445 Cr against reported profit of ₹21.0 Cr. The cash then goes mostly into the working-capital cycle. Cash-flow resolution is annual — as of 24 July 2026.
Where is Tilaknagar Industries Ltd in its business cycle?
Tilaknagar Industries Ltd's FY26 operating margin was 18.0%, against a 13-year band of −27.0%–21.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 16.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 24 July 2026.
What could break the Tilaknagar Industries Ltd story?
The sharpest disagreement: the price moved +11.5% in a year while annual EPS moved −92.9% — the difference is re-rating, and re-rating has to be repaid with earnings. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 24 July 2026.
Is Tilaknagar Industries Ltd a stock worth studying right now?
This is not investment advice. The machine read: Tilaknagar Industries Ltd's price has outrun its earnings. +11.5% in a year against EPS −92.9% — the market is paying now for delivery later. The sharpest open question: whether earnings grow into a price that has already moved. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 24 July 2026.