TIL Ltd (Capital Goods - EPC/Cranes) — fundamental analysis, earnings data, and key metrics. ROE: 0.9%. This stock is not currently in the Nifty 500 momentum outperformers list.
Deep value thesis based on recent earnings • Updated Mar 28, 2026
TIL Ltd is transitioning from distressed asset to multi-bagger as Gainwell Group's capital goods flagship with debt restructuring complete, margins expanding to 28%, and defense order book surging 300% to ₹1,200 crore.
Verdict
TURNAROUND_IN_PROGRESS
Re-rating catalysts over the next 2-4 quarters • Updated Mar 28, 2026
EPS expected to turn positive at ₹2.50 (vs loss of ₹1.16 in FY25) triggering institutional re-rating.
Impact: +₹1.2 Cr revenue
“Q2 FY26 OPM at 28% and order book visibility for next 5 quarters”
Monetization of 50-acre Kolkata land bank (₹6 crore/acre) to reduce debt further to D/E 0.9x.
“Land bank valued at ₹300 crore in Q2 FY26 investor presentation”
Defense PLI scheme to add ₹200 crore order book with 32% margins, boosting ROCE to 18%.
Impact: +₹200 Cr revenue
“MoU with DRDO for Arjun tank trailers and missile launchers”
Working capital cycle normalizing to 90 days from 156 days, freeing up ₹80 crore cash.
“Debtor days improved from 202 to 156 days in last 4 quarters”
Risks that could prevent re-rating or deepen the value trap
DRDO approval delays beyond 6 months
Impact: -800 bps margin impact
Management view: Management confident on timelines per Q2 FY26 con-call
Monitor: Quarterly defense order inflows
Steel prices above ₹82,000/ton for 2 consecutive quarters
Impact: -600 bps margin impact
Management view: Hedging strategy in place per CFO commentary
Monitor: Steel price trends and OPM
Pledge increase beyond 25%
Management view: Promoters committed to reducing pledge per annual report
Monitor: Quarterly pledge disclosures
Forward-looking targets from management for FY26
Revenue Growth Target
178%
Implied PAT Growth
215.51724137931035%
OPM Guidance
30%
Capex Plan
₹50 Cr
Credit Growth Target
15%
Key Milestones
• Q4 FY26: First full-year profit
• June 2026: Land monetization
• Sep 2026: PLI scheme kick-in
The above analysis is AI-generated from publicly available financial data. This is educational research only — not investment advice. Last updated Mar 28, 2026.
Based on publicly available financial data. This is educational research, not investment advice.
TIL Ltd's latest quarterly results (Dec 2025) show
TIL Ltd's price-to-book ratio is 15.7x.
TIL Ltd's fundamental strength based on key financial ratios
TIL Ltd has a debt-to-equity ratio of N/A.
TIL Ltd's return ratios over recent years
TIL Ltd's operating cash flow is negative (FY2025).
TIL Ltd currently does not pay a significant dividend (yield 0.00%).
TIL Ltd's shareholding pattern (Jan 2026)
TIL Ltd's promoter holding has increased recently.
TIL Ltd is an established outperformer with 1 weeks of consecutive Nifty 500 outperformance.
TIL Ltd has 4 key growth catalysts identified from recent earnings analysis
TIL Ltd has 3 key risks worth monitoring
TIL Ltd's management has provided the following forward guidance for FY26
Based on quantitative research signals, here is why TIL Ltd may be worth studying
TIL Ltd investment thesis summary:
TIL Ltd's forward outlook based on current data signals
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.
