Tilaknagar Industries Limited (TI) AI Stock Analysis

• Market Cap: ₹89.74B
• Dividend Yield: 0.21%
• Average Volume (3M): 127.20K
• Price to Earnings (P/E): 30.6
• Beta (1Y): 1.82
• Revenue Growth: 3.35%
• EPS Growth: 56.08%
• Country: IN
• Employees: 328
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Beverages - Wineries & Distilleries
• EPS (TTM): 2.50
• Shares Outstanding: 208,193,760
• 10 Day Avg. Volume: 132,847
• 30 Day Avg. Volume: 127,203
• PEG Ratio: 0.32
• Price to Book (P/B): 5.35
• Price to Sales (P/S): 3.29
• P/FCF Ratio: 27.50
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 66 Neutral
• Price Target: ₹420.00 ▼(-8.65% Downside)

Tilaknagar Industries Limited exhibits strong financial performance with robust revenue and profit growth, high margins, and efficient cash flow management. However, the technical analysis indicates mixed signals with potential short-term weakness, and the valuation suggests the stock is relatively expensive. The absence of earnings call data and corporate events limits additional insights.

Positive Factors

Strong free cash flow growth

Sustained 52% FCF growth signals robust cash generation that can fund capex, brand investment, debt service, or dividends without external financing. Over 2–6 months this underpins strategic flexibility, reduces refinancing risk and supports durable reinvestment into distribution and brands.

High and sustainable margins

Elevated gross and operating margins indicate strong pricing power and efficient production. Durable margin structure supports profitability through raw material cycles, funds marketing and new launches, and provides buffer against competitive pressure, reinforcing long-term earnings resilience.

Very low leverage and strong equity base

Extremely low leverage and high equity ratio provide financial stability and capacity for strategic moves (M&A, capacity expansion) without stressing balance sheet. Strong ROE shows efficient capital use, enabling sustainable shareholder returns and resilience to macro shocks over medium term.

Negative Factors

Modest revenue growth rate

A single-digit top-line increase suggests limited organic expansion versus peers; absent faster volume or geographic expansion, revenue could lag sector growth. Over months this constrains scalability and may force reliance on margin improvement or pricing to sustain profit growth.

Regional market concentration

Concentration in southern and western states raises exposure to state-level regulatory, tax or policy shifts and local competition. Structural reliance on a few regions heightens revenue volatility risk and makes national expansion execution critical for durable growth and risk diversification.

Slight rise in liabilities to monitor

Even a modest upward trend in liabilities can erode the company's low-leverage advantage if it continues, pressuring liquidity or necessitating higher financing costs. Over a multi-month horizon this warrants monitoring to ensure balance sheet strength remains intact.

Tilaknagar Industries Limited Business Overview & Revenue Model

Company Description

Tilaknagar Industries Ltd. engages in the manufacture and sale of Indian made foreign liquor and its related products in India. The company offers various liquor categories, including brandy, whisky, vodka, gin, and rum. It offers brandy under the Mansion House and Courier Napoleon brands; gin under the Blue Lagoon brand; rum under the Madiraa brand; and whisky under the Mansion House and Senate Royale brands. The company also exports its products in East and South-East Asia, Africa, the Middle East, and Europe. Tilaknagar Industries Ltd. was incorporated in 1933 and is based in Mumbai, India.

How the Company Makes Money

Tilaknagar Industries generates revenue primarily through the sale of its alcoholic beverage products, including popular brands of whiskey and brandy. The company's revenue model is supported by the high demand for alcoholic beverages in India, where it has established strong brand loyalty among consumers. Key revenue streams include direct sales from retail outlets, distribution agreements with wholesalers, and exports to international markets. Additionally, strategic partnerships with distributors and retailers enhance the company's market reach and contribute to its earnings. Seasonal promotions, marketing campaigns, and brand expansions also play a crucial role in driving sales and revenue growth.

Tilaknagar Industries Limited Financial Statement Overview

Summary

Tilaknagar Industries Limited is in a strong financial position with impressive revenue and profit growth, high margins, and efficient cash flow management. The low debt levels and high equity base further strengthen its financial stability, positioning the company well for future growth. Potential risks are minimal, with only a slight increase in liabilities to monitor.

Income Statement

Tilaknagar Industries Limited has demonstrated a strong revenue growth trajectory with a revenue increase from 13,874.87 million to 14,341.55 million INR, reflecting a growth rate of 3.37%. The gross profit margin is robust at 49.3%, and the net profit margin is healthy at 16.0%. There is a remarkable EBIT margin of 45.5% and an impressive EBITDA margin of 19.0%, indicating efficient cost management and operational performance. The company's revenue and profit growth, alongside high margins, suggest strong profitability and stability.

Balance Sheet

The balance sheet reflects strong financial health with a debt-to-equity ratio of 0.05, indicating low leverage and financial risk. The return on equity is excellent at 26.0%, showcasing effective utilization of equity capital. The equity ratio stands at 72.7%, demonstrating a solid equity base and strong financial stability. The company's low leverage and high equity ratio are strengths, though a slight increase in liabilities could pose a minor risk.

Cash Flow

The cash flow statement reveals a significant improvement in free cash flow from 1,125.29 million to 1,715.63 million INR, showing a growth rate of 52.44%. The operating cash flow to net income ratio is 0.78, indicating good cash generation relative to net income. The free cash flow to net income ratio is 0.75, reflecting efficient cash management. The strong free cash flow growth and solid cash metrics highlight the company's liquidity and ability to fund operations and investments.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	15.30B	14.34B	13.94B	11.64B	7.83B	5.49B
Gross Profit	7.59B	7.02B	6.83B	5.44B	3.95B	2.60B
EBITDA	3.14B	2.66B	1.96B	1.46B	1.22B	632.05M
Net Income	2.78B	2.30B	1.38B	1.50B	451.87M	-384.03M
Balance Sheet
Total Assets	0.00	12.13B	10.33B	10.12B	10.13B	10.12B
Cash, Cash Equivalents and Short-Term Investments	1.11B	1.11B	427.58M	662.21M	706.25M	481.59M
Total Debt	0.00	441.79M	1.21B	2.56B	5.85B	7.02B
Total Liabilities	-8.82B	3.31B	3.80B	7.14B	8.80B	10.67B
Stockholders Equity	8.82B	8.82B	6.54B	4.83B	1.34B	-557.18M
Cash Flow
Free Cash Flow	0.00	1.72B	1.13B	604.10M	617.57M	853.82M
Operating Cash Flow	0.00	1.78B	1.21B	712.89M	651.06M	854.66M
Investing Cash Flow	0.00	-769.26M	-148.93M	-117.68M	-258.88M	-3.21M
Financing Cash Flow	0.00	-944.07M	-1.29B	-674.47M	-413.42M	-776.17M

Tilaknagar Industries Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 459.75
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:TI, the sentiment is Positive. The current price of 459.75 is above the 20-day moving average (MA) of 422.02, above the 50-day MA of 444.51, and above the 200-day MA of 423.93, indicating a neutral trend. The MACD of -9.50 indicates Negative momentum. The RSI at 51.61 is Neutral, neither overbought nor oversold. The STOCH value of 76.53 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:TI.

Tilaknagar Industries Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GMBREW	75 Outperform	₹22.12B	13.55	―	0.72%	―	―
TI	66 Neutral	₹89.74B	30.65	―	0.21%	3.35%	56.08%
ASALCBR	66 Neutral	₹15.97B	17.69	―	0.21%	16.02%	48.63%
SDBL	63 Neutral	₹17.40B	16.96	―	―	-0.87%	10.87%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
SULA	57 Neutral	₹15.47B	31.53	―	1.67%	-2.15%	-42.78%
RKDL	41 Neutral	₹482.64M	403.82	―	―	4.30%	-40.22%