Technocraft Industries (India) Limited (TIIL) AI Stock Analysis

• Market Cap: ₹48.99B
• Dividend Yield: 0.89%
• Average Volume (3M): 952.00
• Price to Earnings (P/E): 24.0
• Beta (1Y): 1.77
• Revenue Growth: 16.03%
• EPS Growth: 1.18%
• Country: IN
• Employees: 1,645
• Sector: Services
• Sector Strength: N/A
• Industry: Manufacturing - Tools & Accessories
• EPS (TTM): 23.46
• Shares Outstanding: 22,672,798
• 10 Day Avg. Volume: 954
• 30 Day Avg. Volume: 952
• PEG Ratio: -9.88
• Price to Book (P/B): 3.40
• Price to Sales (P/S): 2.32
• P/FCF Ratio: 800.32
• 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): 149
• Revenue Forecast (FY): ₹28.73B

• Rating: 70 Outperform
• Price Target: ₹2,805.00 ▲(25.30% Upside)
• Action: Reiterated Date: 02/04/26
• Date: Action: Reiterated 02/04/26

The score is led by strong underlying financial performance (growth, healthy margins, and a solid balance sheet), partially offset by weaker free cash flow trends. Technical indicators are mixed with longer-term trend pressure (below 100/200DMA and negative MACD) despite decent near-term momentum. Valuation is moderate with a low dividend yield.

Positive Factors

Revenue Growth Trajectory

A ~10.6% revenue growth rate signals durable demand across its engineering, scaffolding and packaging lines. Sustained top-line expansion supports scale economics, investment capacity and resilience to sector cyclicality, underpinning medium-term strategic initiatives.

Margin Sustainability

Healthy gross and EBITDA margins indicate structural operational efficiency and price realization across manufacturing and engineered products. Strong margins reduce sensitivity to input-cost swings and provide recurring cash to fund capex and product/service improvements over several quarters.

Balance Sheet Strength

A steadily improving equity base and manageable leverage provide financial flexibility for capex, working capital and strategic spending. A favorable equity ratio and positive ROE support the firm's ability to finance growth internally and withstand sector shocks in the medium term.

Negative Factors

Weak Free Cash Flow Conversion

Free cash flow has declined and FCF-to-net-income is low, showing earnings are not fully converting to cash. Higher capex-driven outflows limit ability to delever, return capital or fund opportunistic investments, constraining strategic flexibility over the next 2-6 months.

Rising Total Debt Trend

An upward trend in total debt, even from a manageable base, raises refinancing, interest-rate and covenant risks. Continued debt growth could increase fixed charges and reduce buffers against demand softness, weakening financial resilience over the medium term.

Recent Net Income Decline

Net income fell recently despite revenue gains, suggesting margin pressures or non-operational costs. If profit compression persists it can erode retained earnings and ROE, limiting reinvestment capacity and the company's ability to sustain growth and shareholder returns in coming quarters.

Technocraft Industries (India) Limited Business Overview & Revenue Model

Company Description

Technocraft Industries (India) Limited engages in drum closures, scaffolding, yarn, fabric, and power businesses in India and internationally. It offers drum closures, including steel plated, stainless steel, and steel lacquer drum closures; nylon and poly propylene plugs; and capseal and canseal closures, insertion dies, and clamps. The company also provides tubes and scaffolding products, such as techring, techlok, techstage, telescopic steel props, steel planks, access frame, tubes, fittings, and accessories. In addition, it offers slab decking systems comprising slab strips, beams, and drops; wall form systems; infra formwork products for infrastructure projects, such as bridges, metros, etc.; lightweight formwork systems; and towers for transmission, telecommunication, solar, and infrastructure industries. Further, the company manufactures steel reinforced HDPE pipes; cotton ring spun raw-white yarns; carded and combed yarns for knitting and weaving; and compact, slub, organic, and BCI yarns, as well as garments for men, women, and kids. Additionally, it offers fabrics consisting of single jerseys plain and spandex/lycra; ribs with and without spandex/lycra; interlocks; piques; and two thread/three thread fleece, plaited and variegated structured fabrics, feeder and engineered stripes, etc., as well as engineering services. Technocraft Industries (India) Limited was incorporated in 1972 and is based in Mumbai, India.

How the Company Makes Money

Technocraft Industries generates revenue through multiple streams, primarily by manufacturing and selling scaffolding and formwork systems, which are widely used in construction projects. Additionally, the company produces industrial containers that serve various sectors including chemicals and pharmaceuticals. TIIL benefits from strategic partnerships with construction firms and international distributors, allowing it to expand its market reach. The company also engages in exports, which contributes significantly to its earnings, as it supplies products to clients in various countries. Furthermore, TIIL invests in research and development to innovate and enhance its product offerings, ensuring a competitive edge in the market.

Technocraft Industries (India) Limited Financial Statement Overview

Summary

Strong income statement (82) driven by robust revenue growth and healthy margins, supported by a solid balance sheet (79) with favorable equity base and manageable leverage. Cash flow is the main drag (75) due to weaker free cash flow from higher capex and a low conversion of earnings into free cash flow.

Income Statement

The company demonstrates strong revenue growth with an upward trajectory over the past years, highlighted by a significant jump from 2023 to 2025. The Gross Profit Margin and EBITDA Margin are healthy, reflecting efficient operational performance. However, the decline in Net Income from 2024 to 2025 suggests potential profitability pressures. Overall, the income statement shows robust growth and stable profitability, albeit with a slight decrease in net profits recently.

Balance Sheet

The balance sheet reflects a solid equity position with a consistent increase over the years. The Debt-to-Equity Ratio is manageable, indicating reasonable leverage levels. Return on Equity remains strong, showcasing the company's ability to generate shareholder value. However, there is an increasing trend in total debt, which could pose a risk if not managed well. The equity ratio is favorable, suggesting a strong asset base supported by equity.

Cash Flow

Cash flow from operations remains positive, but there is a notable decline in free cash flow due to increased capital expenditures. The Free Cash Flow to Net Income Ratio is relatively low, indicating that not all earnings are being translated into free cash flow. Despite this, the company maintains a positive Operating Cash Flow to Net Income Ratio, reflecting operational efficiency. The need for improved free cash flow metrics is evident.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	26.08B	25.96B	21.82B	19.85B	19.11B	12.95B
Gross Profit	12.85B	9.31B	11.59B	11.90B	10.15B	6.90B
EBITDA	5.20B	5.16B	4.78B	4.54B	4.44B	2.84B
Net Income	2.55B	2.56B	2.64B	2.67B	2.67B	1.30B
Balance Sheet
Total Assets	0.00	29.96B	26.92B	23.64B	21.11B	17.76B
Cash, Cash Equivalents and Short-Term Investments	2.14B	2.14B	1.74B	2.12B	2.51B	2.64B
Total Debt	0.00	8.60B	6.76B	6.56B	5.06B	4.67B
Total Liabilities	-18.14B	11.82B	9.79B	9.22B	7.56B	6.92B
Stockholders Equity	18.14B	17.72B	16.75B	14.16B	13.37B	10.72B
Cash Flow
Free Cash Flow	0.00	75.34M	5.36M	328.40M	424.40M	2.23B
Operating Cash Flow	0.00	2.36B	3.08B	1.35B	1.08B	2.58B
Investing Cash Flow	0.00	-1.95B	-3.39B	222.53M	-1.32B	-302.99M
Financing Cash Flow	0.00	58.54M	-213.68M	-607.42M	204.84M	-2.15B

Technocraft Industries (India) Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2238.65
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:TIIL, the sentiment is Negative. The current price of 2238.65 is below the 20-day moving average (MA) of 2325.75, above the 50-day MA of 2210.96, and below the 200-day MA of 2559.98, indicating a bearish trend. The MACD of -12.88 indicates Positive momentum. The RSI at 41.87 is Neutral, neither overbought nor oversold. The STOCH value of 11.83 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:TIIL.

Technocraft Industries (India) Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TIIL	70 Outperform	₹48.99B	24.00	―	0.89%	16.03%	1.18%
AHLUCONT	68 Neutral	₹50.67B	30.38	―	0.06%	5.56%	-22.59%
JKIL	67 Neutral	₹36.31B	13.34	―	0.67%	13.96%	12.91%
PDSL	66 Neutral	₹42.41B	67.17	―	0.91%	11.49%	-32.79%
SIS	61 Neutral	₹41.69B	-8.49	―	―	11.80%	-65.64%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
QUESS	55 Neutral	₹28.53B	13.93	―	4.70%	-16.43%	-75.38%

Technocraft Industries (India) Limited Corporate Events

Technocraft Industries Receives ESG Score of 58 from SEBI-Licensed Rater

Technocraft Industries (India) Limited has disclosed that CFC Finlease Private Limited, a SEBI-licensed ESG Rating Provider, has independently assigned the company an ESG score of 58. The disclosure, made under SEBI’s Listing Obligations and Disclosure Requirements, signals the company’s ongoing engagement with environmental, social and governance benchmarks, providing investors and other stakeholders with an additional data point on its sustainability profile in line with the growing regulatory and market focus on ESG performance in India’s capital markets.

Technocraft Industries Files SEBI Dematerialisation Compliance Certificate

Technocraft Industries (India) Limited has submitted a compliance certificate to the National Stock Exchange of India and BSE confirming adherence to Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The company’s registrar and transfer agent, MUFG Intime India Private Limited, certified that all securities received for dematerialisation in the quarter ended 31 December 2025 were duly processed, confirmed or rejected within prescribed timelines, listed on the appropriate stock exchanges, and that related physical certificates were verified, mutilated and cancelled with depositories correctly recorded as registered owners, underscoring ongoing regulatory compliance in its share transfer and dematerialisation processes.