Tilaknagar Industries share price today

Tilaknagar Industries Ltd's share price was ₹473.60 at the close on 4 November 2026. It has been rising for 74 weeks. That is 2.3% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹389 and ₹582, and at that close it sat 44% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Tilaknagar Industries Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 1 week running.

Over the last 11 years the share price moved +2,711% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 30 October 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

1. Indian funds and insurers (DIIs) raised their stake for 6 quarters in a row

   From 1.3% to 8.1% of the company by the September 2026 quarter.

3. Lowest operating margin in 10 quarters

   Operating margin was 14% in the September 2026 quarter, against 15% a year earlier.

   Why: Margins fell because glass and ENA costs rose. ENA is an alcohol used in liquor making.

   Next results: check if there is no new jump in costs and if cost programs keep margins from falling further.

   From the earnings call on 31 Oct 2026.

For July to September 2026 (the quarter ended 30 September 2026), Tilaknagar Industries reported revenue of ₹1,035 crore, up 160.1% from ₹398 crore a year earlier, and a profit of ₹22.0 crore, down 58.5% from ₹53.0 crore.

Tilaknagar Industries results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Tilaknagar Industries' management discussed these results on a call held on 31 October 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Tilaknagar Industries closed at ₹473.60 on 4 November 2026, down 5.5% from ₹501.10 a year earlier (7 November 2025) and up 470.6% over five years. Its highest weekly close since March 2016 was ₹581.70 on 25 September 2026.

Tilaknagar Industries share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

563 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: Tilaknagar Industries closed at ₹473.60, down 1.5% on the week and down 12.7% on the month. 31 Oct 2026: Tilaknagar Industries held its results call for July to September 2026. Management guided: FY27 combined volume growth high-single to low-double digits.

Earlier

• Results for July to September 2026: Revenue up 160.1% and profit down 58.5% on a year earlier.
• 15 Sep 2026: ex-date for a dividend of ₹1 a share.

Tilaknagar Industries paid ₹1 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.21% at the ₹473.60 close on 4 November 2026. The last was a dividend of ₹1 a share, ex-date 15 September 2026.

Tilaknagar Industries dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Tilaknagar Industries Ltd paid out 118% of its profit as dividends in FY26, and it paid a dividend in 6 of its last 13 reported years. One of those years shows a negative figure because profit itself was negative.

From the NSE corporate-actions record, read 5 November 2026.

On the call for July to September 2026, held on 31 October 2026, Tilaknagar Industries' management guided: FY27 combined volume growth high-single to low-double digits.

“During Q2, Imperial Blue whisky recorded its highest-ever quarterly volumes in the state, with market share crossing 40%, a massive 900 bps increase on a quarter-on-quarter basis.”Amit Dahanukar, on the call for July to September 2026

What management guided

• Beyond FY27 over next couple years volume mid-teens with revenue mid-to-high-teens including new launches.
• Consolidated operating margin 16% to 18% by FY29 with upward bias including around 100 basis points UK FTA benefit at upper end.
• Net debt to operating profit below 1 time by March 29.
• Net debt in March 27 below March 26 levels.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for July to September 2026, 31 October 2026.

When Tilaknagar Industries reports October to December 2026, these are the 3 checks that show whether the story is still on course. First: Transition costs staying near flagged run-rate with final state exit pending - check quarterly exceptional print and stabilization.

Tilaknagar Industries is not on any of our India lists this week.

Tilaknagar Industries Ltd earned ₹22.0 Cr of net profit in the Sep 2026 quarter, −58.5% on the same quarter a year earlier. Full-year FY26 profit was ₹21.0 Cr. That is 2.1% of the quarter's revenue. The same quarter a year earlier earned ₹53.0 Cr. 2 of the last 12 reported quarters were loss-making.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹21.0 Cr (−90.9% on the year before).

Why profit moved: revenue changed +160.1% on a year earlier and the margin moved −1.0 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed −134.1% and revenue +136.5%. Profit is growing slower than sales: rising costs are taking part of the growth.

Tilaknagar Industries Ltd reported ₹1,035 Cr of revenue in the Sep 2026 quarter, +160.1% on the same quarter a year earlier. That is the 7th quarter in a row with growth on the year before. Over 10 years it has grown 17.7% a year on average. The last full year, FY26, came in at ₹2,346 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹3,653 Cr.

FY26 revenue was ₹2,346 Cr, +69.9% on the year before.

Recent pace: the last four quarters grew +136.5% on average, against 17.7% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +138.6%, against +60.2% a year over the last 8 quarters (accelerating).

Tilaknagar Industries Ltd's operating margin was 14.0% in the Sep 2026 quarter, 1.0 percentage points lower than the same quarter a year ago. Across 13 years it has been between −27.0% and 21.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −0.8 percentage points on the year while gross margin changed −6.3 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years Tilaknagar Industries Ltd's operations used more cash than they brought in, so cash conversion was −38%, a gap worth watching. In FY26 its operations used ₹445 Cr of cash, against ₹21.0 Cr of profit. After ₹3,539 Cr of spending on assets, free cash was −₹3,984 Cr: it spent more than its operations brought in.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why −38% of profit came in as cash: the cash cycle got 340 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. When less than 70% of profit comes in as cash, it is the thing to watch on this page.

What to look at next: less of the profit turns into cash than it should, and the cash cycle is 340 days longer. The next section looks at where the cash is stuck.

Tilaknagar Industries Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 249 days in FY26, up from −91 days in FY21. It spent ₹3,555 Cr on assets over the last 3 years. Customers take 198 days to pay, and stock sits for 319 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹2,346 Cr, each day of that cycle ties up about ₹6.4 Cr, so roughly ₹1,600 Cr is tied up in the business at any time.

FY26: customers took 198 days to pay and stock sat for 319 days, about 10.5 months of sales sitting as stock, for a full cycle of 249 days, longer than FY21's −91.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 319 days. Customers pay about 198 days after that. Suppliers are paid at 267 days. Together that makes the 249-day cycle.

Spending on assets: ₹3,555 Cr over the last 3 years, against ₹143 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹60.0 Cr (FY26): assets paid for that are not earning yet.

In short: cash is getting stuck in the daily cycle, so watch the cycle more than the profit.

Tilaknagar Industries Ltd's P/E is 56.8×, near the high end of its own history: higher than 87% of past readings. Its usual P/E (the middle reading) is 40.5×, over 4.7 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.