# Tilaknagar Industries share price today (Tilaknagar Industries Ltd, NSE: TI)

> Tilaknagar Industries share price today: ₹465.10 at the NSE close on 3 November 2026, down 11.9% in a year. Tilaknagar Industries (NSE: TI) is worth ₹11,526 crore, trades at a P/E of 55.8 and has closed between ₹388.80 and ₹581.70 over the past 52 weeks. > Tilaknagar Industries Ltd's share price has risen faster than its earnings: −11.9% in a year, against −92.9% for earnings per share. TI · Alcoholic Beverages · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/tilaknagar-industries-ltd

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## Key numbers

- Business trend: Getting worse, from the last 12 quarters
- Price: ₹465.10 (−11.9% in a year)
- P/E: 55.8× (higher than 86% of the last 4.7 years)
- Revenue (Sep 2026): ₹1,035 Cr (+160.1% on a year ago)
- Profit (Sep 2026): ₹22.0 Cr (−58.5% on a year ago)
- Operating margin: 14.0% (−1.0 points on a year ago)
- ROCE: 11%, FY26
- ROIC: 8.8%, against a 12.0% cost of capital: −3.2 points

The main question: the share price moved −11.9% in a year while yearly earnings per share moved −92.9%. The difference came from the market paying a higher multiple. ## What is the Tilaknagar Industries share price today? Tilaknagar Industries Ltd's share price was ₹465.10 at the close on 3 November 2026. It has been rising for 74 weeks. That is 4.0% 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 40% of the way up from that low. 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 +2,660% 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. ## What changed at Tilaknagar Industries this quarter? 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. ## What are Tilaknagar Industries' latest quarterly results? 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

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹1,035 crore | ₹398 crore | +160.1% |
| Profit | ₹22.0 crore | ₹53.0 crore | −58.5% |
| Earnings per share | ₹0.90 | ₹2.53 | −64.4% |
| Operating margin | 14.0% | 15.0% | −1.0 points |

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.)

## What is the Tilaknagar Industries share price history? Tilaknagar Industries closed at ₹465.10 on 3 November 2026, down 11.9% from ₹528.10 a year earlier (31 October 2025) and up 460.4% over five years. Its highest weekly close since March 2016 was ₹581.70 on 25 September 2026. ### Tilaknagar Industries share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹491.15 | −5.3% |
| 1 month ago · 1 Oct 2026 | ₹542.55 | −14.3% |
| 6 months ago · 30 Apr 2026 | ₹464.10 | +0.2% |
| 1 year ago · 31 Oct 2025 | ₹528.10 | −11.9% |
| 3 years ago · 3 Nov 2023 | ₹242.90 | +91.5% |
| 5 years ago · 4 Nov 2021 | ₹83.00 | +460.4% |
| 10 years ago · 4 Nov 2016 | ₹15.30 | +2,939.9% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹16.85 | +2,660.2% |
| Highest weekly close since March 2016, also the 52-week high · 25 Sep 2026 | ₹581.70 | −20.0% |
| Lowest weekly close since March 2016 · 2 Jun 2017 | ₹10.80 | +4,206.5% |
| 52-week low (weekly close) · 23 Jan 2026 | ₹388.80 | +19.6% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (563 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on Tilaknagar Industries? 3 Nov 2026: Tilaknagar Industries closed at ₹465.10, down 5.3% on the week and down 14.3% 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. ## What dividend does Tilaknagar Industries pay? Tilaknagar Industries paid ₹1 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 0.22% at the ₹465.10 close on 3 November 2026. The last was a dividend of ₹1 a share, ex-date 15 September 2026. ### Tilaknagar Industries dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 15 Sep 2026 | ₹1 | Dividend | same day |
| 23 Sep 2025 | ₹1 | Dividend | same day |
| 20 Sep 2024 | ₹0.50 | Dividend | same day |
| 21 Sep 2023 | ₹0.25 | Dividend | same day |
| 19 Aug 2022 | ₹0.10 | Dividend | 22 Aug 2022 |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 4 of 5 Of the last 5 financial years, years with an NSE dividend record

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 4 November 2026.)

## What did Tilaknagar Industries management say on the latest results call? 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](https://files.tijoristack.ai/concall/transcript/929-31-Oct-2026.pdf). (From the call for July to September 2026, 31 October 2026.)

## What to watch in Tilaknagar Industries' next results? 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. - What to check (from the call)
- Transition costs staying near flagged run-rate with final state exit pending - check quarterly exceptional print and stabilization. - Glass and ENA pressure versus bottle-reuse and supply offsets with leverage - check gross and adjusted operating profit path. - Receivables and working-capital days with Telangana overdues recovery - check cash conversion and debt move. ## Which stock lists is Tilaknagar Industries on? Tilaknagar Industries is not on any of our India lists this week. ## Is Tilaknagar Industries profitable? 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. 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. ## How much revenue does Tilaknagar Industries make, and is it growing? 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. 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). ## How much of every ₹100 of sales does Tilaknagar Industries keep? 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. 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. ## Is Tilaknagar Industries' profit turning into cash? 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. 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. ## Where does Tilaknagar Industries' cash go? 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. 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. ## What is Tilaknagar Industries' P/E ratio, and how does it compare with its own history? Tilaknagar Industries Ltd's P/E is 55.8×, near the high end of its own history: higher than 86% 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. Why the multiple is where it is: over the past year earnings per share moved −92.9% while the price moved −11.9%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 3 years the price moved +24.2% a year; about +18.2% a year came from earnings growth and about +6.0 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Tilaknagar Industries business getting better or worse? Tilaknagar Industries Ltd's business is getting worse. Profit and EPS growth are shrinking: profit growth is −124.2% in the latest quarter, against +82.9% at its best in 12 quarters, with ROCE falling at 4.8%. This is based on 12 quarters of 4 measures. Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind. ## How much does Tilaknagar Industries earn on its capital? Tilaknagar Industries Ltd earned a ROCE of 11% in FY26. That is up from a low of −13% in FY16. Its return on capital used (ROIC) is 3.2 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 0.9% net margin and 0.38× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 0.9% net margin × 0.38× asset turnover × 2.07× leverage (assets divided by equity) ≈ 0.7% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 8.8% − 12.0% = −3.2 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. The 8.8% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 12.4%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Tilaknagar Industries have too much debt? Tilaknagar Industries Ltd has total debt of ₹2,208 Cr against shareholder equity of ₹3,018 Cr as of Sep 2026, so its debt is 0.73× its equity. Year by year, that ratio went from 4.37 in FY22 to 0.77 in FY26. Keep that borrowing in mind when reading the returns on this page. ## What is the Tilaknagar Industries shareholding pattern? Promoters cut their stake in Tilaknagar Industries Ltd by 8.5 percentage points over 8 quarters, the biggest change among its owners. Promoters now own 31.6% of the company. Domestic institutions moved +7.0 points over the same period, to 8.1%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Promoters: −8.5 points over 8 quarters, to 31.6%; Domestic institutions: +7.0 points over 8 quarters, to 8.1%; Foreign institutions: +4.9 points over 8 quarters, to 17.3%. Why the owners changed: promoters drove it (−8.5 points), with the other side taken by domestic institutions (+7.0 points). They reduced their stake. ## How far is Tilaknagar Industries from balance-sheet trouble? For Tilaknagar Industries Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Tilaknagar Industries rank in its industry? 44.3 out of 100, rank 11 of 16 in Alcoholic Beverages, with 90% of the evidence available. Tilaknagar Industries Ltd scores 44.3 out of 100 against the 16 companies it is compared with in Alcoholic Beverages, ranking 11. Relative strength against the index is 7%, and revenue and profit growth are weak. The four parts add up to the total exactly: 12.6 + 9.1 + 7.1 + 15.5 = 44.3. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Tilaknagar Industries compared with? Tilaknagar Industries ranks 11 of 16 Alcoholic Beverages companies on the 4-Factor Sector Score, with 44.3 out of 100. 1. [Radico Khaitan Ltd](https://www.sectoralpha.in/stocks/radico-khaitan-ltd) RADICO · losing its lead · Most evidence points up · 100% evidence 71.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 30.5/35 · Revenue 15.8% · Profit 73.8% · Operating margin change 4 points · 100% evidence Capital efficiency 22.1/25 · ROCE 24.2% · Operating margin 20% · 100% evidence Valuation 7.0/20 · P/E 68.2× · PEG 1.91 · 100% evidence Relative strength 11.9/20 · Lead over its industry 21.6% · Lead over NIFTY 500 20.6% · 1 year 30.5% · 100% evidence · 11 of 12 weeks ahead Exact sum: 30.5 + 22.1 + 7 + 11.9 = 71.5 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [India Glycols Ltd](https://www.sectoralpha.in/stocks/india-glycols-ltd) INDIAGLYCO · breaking out · Most evidence points up · 96% evidence 70.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.6/35 · Revenue 12% · Profit 29.9% · Operating margin change 1 points · 88% evidence Capital efficiency 15.2/25 · ROCE 12.4% · Operating margin 15% · 100% evidence Valuation 13.3/20 · P/E 7× · PEG 0.17 · 100% evidence Relative strength 20.0/20 · Lead over its industry 53.7% · Lead over NIFTY 500 51.8% · 1 year 61.8% · 100% evidence · 11 of 12 weeks ahead Exact sum: 21.6 + 15.2 + 13.3 + 20 = 70.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [IFB Agro Industries Ltd](https://www.sectoralpha.in/stocks/ifb-agro-industries-ltd) IFBAGRO · quiet · Evidence leans up · 74% evidence 64.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.2/35 · Revenue 38.9% · Profit 90.3% · Operating margin change 1 points · 88% evidence Capital efficiency 13.2/25 · ROCE 12.7% · Operating margin 8% · 100% evidence Valuation 15.5/20 · P/E 12.8× · PEG 0.33 · 65% evidence Relative strength 8.4/20 · Lead over its industry n/a · Lead over NIFTY 500 -17.3% · 1 year -39% · 25% evidence · 0 of 12 weeks ahead Exact sum: 27.2 + 13.2 + 15.5 + 8.4 = 64.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [United Spirits Ltd](https://www.sectoralpha.in/stocks/united-spirits-ltd) UNITDSPR · quiet · Evidence leans up · 100% evidence 57.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.7/35 · Revenue 1.1% · Profit 12.9% · Operating margin change -1 points · 100% evidence Capital efficiency 22.6/25 · ROCE 26.4% · Operating margin 20% · 100% evidence Valuation 8.4/20 · P/E 53.5× · PEG 3.56 · 100% evidence Relative strength 9.6/20 · Lead over its industry 2.4% · Lead over NIFTY 500 1.8% · 1 year -6.8% · 100% evidence · 7 of 12 weeks ahead Exact sum: 16.7 + 22.6 + 8.4 + 9.6 = 57.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Piccadily Agro Industries Ltd](https://www.sectoralpha.in/stocks/piccadily-agro-industries-ltd) PICCADIL · quiet · Evidence leans up · 74% evidence 56.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.4/35 · Revenue 28.5% · Profit 30.6% · Operating margin change -1 points · 88% evidence Capital efficiency 15.8/25 · ROCE 18% · Operating margin 17% · 100% evidence Valuation 11.6/20 · P/E 39.2× · PEG 1.38 · 65% evidence Relative strength 9.8/20 · Lead over its industry n/a · Lead over NIFTY 500 -2.8% · 1 year -17.9% · 25% evidence · 5 of 12 weeks ahead Exact sum: 19.4 + 15.8 + 11.6 + 9.8 = 56.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [G M Breweries Ltd](https://www.sectoralpha.in/stocks/g-m-breweries-ltd) GMBREW · quiet · Evidence leans up · 82% evidence 53.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.1/35 · Revenue 20.5% · Profit 21% · Operating margin change -2 points · 95% evidence Capital efficiency 18.4/25 · ROCE 18% · Operating margin 23% · 76% evidence Valuation 12.6/20 · P/E 10.4× · PEG n/a · 50% evidence Relative strength 3.3/20 · Lead over its industry -14.5% · Lead over NIFTY 500 -15.2% · 1 year -35.9% · 100% evidence · 2 of 12 weeks ahead Exact sum: 19.1 + 18.4 + 12.6 + 3.3 = 53.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Associated Alcohols & Breweries Ltd](https://www.sectoralpha.in/stocks/associated-alcohols-breweries-ltd) ASALCBR · basing · Evidence leans down · 81% evidence 48.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 7.8/35 · Revenue -5.3% · Profit -4.6% · Operating margin change -3 points · 88% evidence Capital efficiency 15.9/25 · ROCE 18% · Operating margin 11% · 100% evidence Valuation 17.4/20 · P/E 13.1× · PEG 0.96 · 100% evidence Relative strength 7.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -30.3% · 1 year -55.9% · 25% evidence · 0 of 12 weeks ahead Exact sum: 7.8 + 15.9 + 17.4 + 7.5 = 48.6 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 8. [Globus Spirits Ltd](https://www.sectoralpha.in/stocks/globus-spirits-ltd) GLOBUSSPR · quiet · Evidence leans down · 83% evidence 47.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.6/35 · Revenue 10.8% · Profit 100% · Operating margin change -1 points · 100% evidence Capital efficiency 11.6/25 · ROCE 11.2% · Operating margin 8% · 100% evidence Valuation 10.6/20 · P/E 23× · PEG n/a · 15% evidence Relative strength 1.1/20 · Lead over its industry -22% · Lead over NIFTY 500 -22.5% · 1 year -41.3% · 100% evidence · 0 of 12 weeks ahead Exact sum: 24.6 + 11.6 + 10.6 + 1.1 = 47.9 · What this means: Earnings are strong; relative strength in its sector is -22% and the one-year return is -41.3%. 9. [Allied Blenders & Distillers Ltd](https://www.sectoralpha.in/stocks/allied-blenders-distillers-ltd) ABDL · breaking out · Evidence leans down · 93% evidence 47.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 10.5/35 · Revenue 8.6% · Profit -15.3% · Operating margin change -1 points · 100% evidence Capital efficiency 14.9/25 · ROCE 18.4% · Operating margin 12% · 100% evidence Valuation 4.3/20 · P/E 84.8× · PEG 4.13 · 65% evidence Relative strength 18.1/20 · Lead over its industry 26.7% · Lead over NIFTY 500 25.6% · 1 year 5.5% · 100% evidence · 8 of 12 weeks ahead Exact sum: 10.5 + 14.9 + 4.3 + 18.1 = 47.8 · What this means: Relative strength against the index is 25.6%, and revenue and profit growth are weak. 10. [United Breweries Ltd](https://www.sectoralpha.in/stocks/united-breweries-ltd) UBL · quiet · Evidence leans down · 83% evidence 47.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.4/35 · Revenue 7.4% · Profit 31.9% · Operating margin change 4 points · 100% evidence Capital efficiency 10.9/25 · ROCE 10.7% · Operating margin 10% · 100% evidence Valuation 9.0/20 · P/E 71.8× · PEG n/a · 15% evidence Relative strength 5.3/20 · Lead over its industry -14.2% · Lead over NIFTY 500 -14.6% · 1 year -34.3% · 100% evidence · 0 of 12 weeks ahead Exact sum: 22.4 + 10.9 + 9 + 5.3 = 47.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. Tilaknagar Industries Ltd this page TI · breaking out · Evidence leans down · 90% evidence 44.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.6/35 · Revenue 100% · Profit -80% · Operating margin change -1 points · 100% evidence Capital efficiency 9.1/25 · ROCE 11.4% · Operating margin 14% · 100% evidence Valuation 7.1/20 · P/E 57.7× · PEG n/a · 50% evidence Relative strength 15.5/20 · Lead over its industry 7.8% · Lead over NIFTY 500 7% · 1 year -8.9% · 100% evidence · 12 of 12 weeks ahead Exact sum: 12.6 + 9.1 + 7.1 + 15.5 = 44.3 · What this means: Relative strength against the index is 7%, and revenue and profit growth are weak. 12. [Asgard Alcobev Ltd](https://www.sectoralpha.in/stocks/asgard-alcobev-ltd) quiet · Evidence leans down · 61% evidence 41.6 out of 100 Growth Capital Valuation Relative
13. [Fratelli Vineyards Ltd](https://www.sectoralpha.in/stocks/fratelli-vineyards-ltd) Too little evidence to rank firmly · 50% evidence 39.9 out of 100 Growth Capital Valuation Relative
14. [Sula Vineyards Ltd](https://www.sectoralpha.in/stocks/sula-vineyards-ltd) SULA · quiet · Most evidence points down · 81% evidence 30.6 out of 100 Growth Capital Valuation Relative
15. [Som Distilleries & Breweries Ltd](https://www.sectoralpha.in/stocks/som-distilleries-breweries-ltd) SDBL · breaking out · Most evidence points down · 68% evidence 30.4 out of 100 Growth Capital Valuation Relative
16. [Jagatjit Industries Ltd](https://www.sectoralpha.in/stocks/jagatjit-industries-ltd) JAGAJITIND · losing its lead · Too little evidence to rank firmly · 49% evidence 45.0 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Alcoholic Beverages](https://www.sectoralpha.in/sectors/alcoholic-beverages), all 16 compared on one page. ## Which companies are close to Tilaknagar Industries in size? Tilaknagar Industries is the 5th largest of 16 Alcoholic Beverages companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Radico Khaitan, United Breweries and Allied Blenders & Distillers. Just below it: Piccadily Agro Industries, India Glycols and Globus Spirits. ### Alcoholic Beverages companies close in size

1. [Radico Khaitan Ltd](https://www.sectoralpha.in/stocks/radico-khaitan-ltd) ₹54,757 crore
2. [United Breweries Ltd](https://www.sectoralpha.in/stocks/united-breweries-ltd) ₹31,208 crore
3. [Allied Blenders & Distillers Ltd](https://www.sectoralpha.in/stocks/allied-blenders-distillers-ltd) ₹19,531 crore
4. Tilaknagar Industries Ltd ₹11,920 crore
5. [Piccadily Agro Industries Ltd](https://www.sectoralpha.in/stocks/piccadily-agro-industries-ltd) ₹5,504 crore
6. [India Glycols Ltd](https://www.sectoralpha.in/stocks/india-glycols-ltd) ₹2,223 crore
7. [Globus Spirits Ltd](https://www.sectoralpha.in/stocks/globus-spirits-ltd) ₹2,136 crore

[All 16 Alcoholic Beverages companies, largest first](https://www.sectoralpha.in/sectors/alcoholic-beverages#all-companies)

### Companies close in size in other industries

1. [Sri Lotus Developers & Realty Ltd](https://www.sectoralpha.in/stocks/sri-lotus-developers-realty-ltd) ₹12,022 crore · Construction - Factories/Offices/Commercial
2. [Ramkrishna Forgings Ltd](https://www.sectoralpha.in/stocks/ramkrishna-forgings-ltd) ₹12,005 crore · Castings, Forgings & Fastners
3. Tilaknagar Industries Ltd ₹11,920 crore
4. [Amagi Media Labs Ltd](https://www.sectoralpha.in/stocks/amagi-media-labs-ltd) ₹11,900 crore · Entertainment & Media
5. [Action Construction Equipment Ltd](https://www.sectoralpha.in/stocks/action-construction-equipment-ltd) ₹11,845 crore · Capital Goods - EPC/Cranes

## What else do people ask about Tilaknagar Industries? ### What is Tilaknagar Industries's share price today? Tilaknagar Industries Ltd's share price is ₹465.10, −11.9% over the past year. The whole company is worth ₹11,526 Cr on the market. In the last 52 weeks it traded between ₹389 to ₹582; today it is 40% of the way up from the low, 4.0% below its 200-day average (as of 3 November 2026). ### What were Tilaknagar Industries's latest quarterly results? Tilaknagar Industries Ltd reported revenue of ₹1,035 Cr and net profit of ₹22.0 Cr for the Sep 2026 quarter. Revenue rose 160.1% and profit fell 58.5% compared with a year earlier. Earnings per share were ₹0.90. The operating margin was 14.0%, 1.0 percentage points lower than a year earlier (as of 3 November 2026). ### What is Tilaknagar Industries's market cap? Tilaknagar Industries Ltd's market capitalisation is ₹11,526 Cr at a share price of ₹465.10. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Tilaknagar Industries performing? Tilaknagar Industries Ltd's share price has been rising for 74 weeks. In its latest quarter, revenue rose 160.1% and profit fell 58.5% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 1 week running (as of 3 November 2026). ### Will Tilaknagar Industries's share price go up? This page does not forecast Tilaknagar Industries Ltd's share price. What it shows instead: the share price is ₹465.10, and it has been rising for 74 weeks. Its P/E of 55.8× is higher than 86% of its own last 5 years (as of 3 November 2026). ### Who owns Tilaknagar Industries? Promoters own 31.6% of Tilaknagar Industries Ltd, foreign institutions 17.3%, domestic institutions 8.1% and the public 42.9% (latest quarter). The biggest change over the last two years: Promoters cut their stake by 8.5 percentage points over 8 quarters (as of 3 November 2026). ### Does Tilaknagar Industries have too much debt? Tilaknagar Industries Ltd has a moderate amount of debt: its debt is 0.77× its equity, and its operating profit is 4 times its interest bill. FY26 borrowings were ₹2,301 Cr against equity of ₹2,982 Cr. Keep that borrowing in mind when reading the returns on this page (as of 3 November 2026). ### Where is Tilaknagar Industries in its business cycle? Tilaknagar Industries Ltd's FY26 operating margin was 18.0%, against a 13-year range of −27.0% to 21.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 14.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Tilaknagar Industries story? The main question: the share price moved −11.9% in a year while yearly earnings per share moved −92.9%. The difference came from the market paying a higher multiple. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Tilaknagar Industries a stock worth studying right now? What the numbers show: Tilaknagar Industries Ltd's share price has risen faster than its earnings: −11.9% in a year, against −92.9% for earnings per share. The main open question: whether earnings grow into a price that has already moved. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Tilaknagar Industries share price forecast for 2026? What management itself guided: FY27 combined volume growth high-single to low-double digits. This is research, not advice. We’re not SEBI-registered.