1. India Stocks

  2. •

    Consumer Defensive

  3. •

    Beverages - Wineries & Distilleries
Tilaknagar Industries Ltd.

Tilaknagar Industries Ltd.

TI.NS
Tilaknagar Industries Ltd.IN flagNational Stock Exchange of India
451.10
INR
-4.30
- -
90.99BMarket Cap
Tilaknagar Industries Ltd.
TI.NS
(National Stock Exchange of India)

Recent

price

451.10

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
45.57
47.42
61.11
65.73
50.45
34.26
41.13
42.14
52.75
51.97
43.66
54.61
67.74
73.03
71.49
- -
108.71
Revenue per Share
3.85
4.08
5.02
4.75
-3.23
-22.58
-22.41
-12.11
-12.76
21.56
-3.07
3.15
8.79
7.23
11.89
- -
0.97
Basic EPS, GAAP
-10.98
-2.94
-1.1
-5.14
10.22
-0.06
1.77
12.98
5.03
15.21
6.82
4.31
3.54
5.72
8.88
- -
- -
Free Cash Flow per Basic Share
1.05
0.97
0.94
0.92
0.93
- -
- -
- -
- -
0.01
0.01
0.01
0.09
0.25
0.5
- -
- -
Dividend per Share
15.81
17.59
21.07
24.66
20.83
6.84
-15.63
-27.76
-40.45
-18.86
-21.92
-13.7
-1.29
6.2
10.03
- -
11.47
Book Value per Share
37.5
38.18
41.44
43.36
40.06
21.04
-0.95
-12.66
-24.87
-1.42
-4.48
9.28
28.29
34.23
45.67
- -
-13.51
Tangible Book Value per Share
103
116
121
123
124
125
125
125
125
125
125
143
171
191
193
- -
216
Basic Weighted Avg Shares
4,683
5,478
7,375
8,069
6,277
4,274
5,131
5,257
6,594
6,504
5,466
7,834
11,558
13,940
13,805
23,456
23,434
Sales/Revenue/Turnover
21.99
22.88
20.03
18.12
10.99
-31.43
-20.9
-4.26
3.72
1.4
5.51
10.13
9.86
11.94
16.25
14.47
14.49
Operating Margin (%)
131
223
242
255
277
386
381
373
367
330
331
327
323
319
305
797
797
Depreciation Expense
396
472
606
583
-402
-2,817
-2,796
-1,511
-1,595
2,697
-384
452
1,499
1,380
2,296
209
209
Net Income, GAAP
38.48
32.62
28.74
31.09
- -
- -
- -
- -
- -
0.57
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
8.45
8.61
8.22
7.22
-6.4
-65.92
-54.49
-28.75
-24.19
41.47
-7.03
5.77
12.97
9.9
16.63
0.89
0.89
Profit Margin (%)
885
980
1,602
1,040
522
-3,610
-6,160
-8,548
-9,405
180
-1,729
-192
1,174
3,296
4,800
13,130
13,130
Working Capital
991
1,146
2,112
2,256
2,112
- -
- -
1
1
4,899
4,591
3,811
261
649
117
20,316
20,316
LT Debt
4,061
4,751
5,313
5,829
5,422
2,994
204
-1,300
-2,872
-174
-557
1,335
4,829
6,539
8,822
29,817
29,817
Total Equity
8.73
9.27
9.42
7.6
- -
- -
- -
- -
- -
1.32
- -
- -
- -
21.45
- -
10.88
10.94
Return on Invested Capital (%)
7.63
12.88
11.93
8.96
- -
- -
- -
- -
- -
79.63
- -
- -
- -
69.63
- -
9.61
9.61
Return on Capital (%)
40.63
25.79
26.49
20.92
-14.29
-163.59
- -
- -
- -
- -
- -
- -
- -
73.01
147.19
9.47
9.47
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
430
- -
2,696
LT Borrowings
50
- -
20,277
LT Finance Leases
7
- -
38
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
208
- -
247
Market Capitalization
86,820
92,251
89,702

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
18,381
- -
21,904
Cash, Cash Equivalents & STI
11,310
- -
3,611
Accounts Receivable, Net
4,580
- -
12,718
Inventories
1,731
- -
4,019
Total Current Liabilities
2,908
- -
8,774
Payables & Accruals
- -
- -
- -
ST Debt
430
- -
2,696
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-35.14%
46.07%
237.97%
Free Cash Flow
-472.14%
-462.13%
-2,418.68%
Net Income, GAAP
-44.29%
-3.68%
-90.91%
Sales/Revenue/Turnover
21.1%
36.08%
69.91%
Total Cash Common Dividend
- -
334.43%
100.9%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,041
3,544
3,767
3,523
13,940
2025
3,132
3,645
3,404
3,836
13,805
2026
3,705
3,596
6,637
9,495
23,456

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.37
1.93
2.28
- -
7.23
2025
2.08
3.02
2.79
4.01
11.89
2026
4.57
2.71
-4.67
-0.6
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.25
2025
- -
- -
- -
- -
0.5
2026
- -
- -
- -
- -
- -
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Business
Tilaknagar Industries Ltd Tilaknagar Industries Ltd manufactures and sells Indian Made Foreign Liquor (IMFL) and extra neutral alcohol in India. The company offers a diverse portfolio of brands across brandy, whisky, rum, gin, and flandy categories, including Mansion House French Brandy, the largest-selling brandy in India and second-largest globally; Courrier Napoleon Brandy variants such as Green, Red, and Finest Pure Grape French Brandy; Mansion House Chambers Brandy and Monarch Legacy Edition brandy; Mansion House Cherry, Peach, Orange, Green Apple, and Lemon Flandy; Mansion House Gold Barrel Whisky; Madiraa Gold Dark XXX Rum; and Blue Lagoon Gin variants including Orange, Lemon, and plain. It operates one owned distillery facility with 100 KLPD molasses-based and 100 KLPD grain-based distillation plants plus an IMFL bottling plant in Shrirampur, Maharashtra, alongside three operating liquor subsidiaries and 12 to 15 leased or tie-up units across India; exports reach East and South-East Asia, Africa, the Middle East, and Europe. Founded in 1933 by Shri Mahadev L Dahanukar as The Maharashtra Sugar Mills Ltd and later renamed under the influence of Bal Gangadhar Tilak, the company maintains headquarters in Mumbai, Maharashtra. Recent developments include the Competition Commission of India's approval in October 2025 for its acquisition of Pernod Ricard India Private Limited's Imperial Brands business, encompassing Imperial Blue whisky production, bottling, marketing, and sales for approximately Rs 4,150 crore, marking the largest domestic deal in India's alcoholic beverages sector and expanding its whisky presence nationwide; in November 2025, it launched Seven Islands Pure Malt Whisky at Rs 5,200 per 750ml bottle, entering the premium whisky market; preferential allotments occurred, including 377.15 million shares on November 20, 2025, raising Rs 1,080.53 crore, and further ESOP allotments to promoters and employees.