TIL Ltd. (IN:TIL)
:TIL
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TIL Ltd.
(TIL)
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Rating:39Underperform
Price Target:
₹175.00
▼(-35.47% Downside)
Action:Downgraded
Date:06/01/26
The score is driven primarily by stressed financials—persistent negative cash flows, high leverage, and a return to net losses—despite a strong FY2026 revenue rebound. Technicals add further caution with the stock trading below major moving averages and weak momentum. Valuation is constrained by loss-making earnings (negative P/E) and no dividend yield data.
Positive Factors
Revenue rebound
A ~33% revenue rebound in FY2026 signals renewed demand and better utilization of manufacturing and sales capacity. Sustained top-line recovery can support operational leverage, rebuild margins over time, and provide a larger base for recurring aftermarket sales if demand holds.
Negative Factors
Weak cash generation
Persistent negative operating and free cash flow across several years means the business is not self-funding. That forces reliance on external financing or working-capital swings, constraining investment, increasing refinancing risk, and limiting the company's ability to build resilient balance sheet buffers.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue rebound
A ~33% revenue rebound in FY2026 signals renewed demand and better utilization of manufacturing and sales capacity. Sustained top-line recovery can support operational leverage, rebuild margins over time, and provide a larger base for recurring aftermarket sales if demand holds.
Read all positive factors
TIL Ltd. (TIL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹12.67B
Dividend YieldN/A
Average Volume (3M)1.67K
Price to Earnings (P/E)―
Beta (1Y)1.74
Revenue Growth2.53%
EPS Growth-1502.63%
CountryIN
Employees347
SectorServices
Sector StrengthN/A
IndustryAgricultural - Machinery
Share Statistics
EPS (TTM)-0.62
Shares Outstanding70,352,060
10 Day Avg. Volume1,562
30 Day Avg. Volume1,667
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)9.90
Price to Sales (P/S)3.40
P/FCF Ratio-11.60
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
TIL Ltd. Business Overview & Revenue Model
Company Description
Established in 1944 and headquartered in Kolkata, India, TIL Limited, alongside its subsidiary TIL Overseas PTE Limited, delivers extensive material handling solutions both domestically and across global markets. The company specializes in manufac...
How the Company Makes Money
TIL primarily makes money by selling and supplying heavy equipment used for lifting and material handling (e.g., cranes and related machinery) to infrastructure, construction, industrial, mining, and port-sector customers. A second revenue stream ...
TIL Ltd. Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
26
Negative
Cash Flow
18
Very Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.43B | 3.23B | 3.15B | 669.10M | 438.30M | 662.40M |
| Gross Profit | 668.90M | 572.00M | 628.00M | -227.70M | 129.70M | -376.10M |
| EBITDA | 257.68M | 44.40M | 402.00M | 2.30B | -495.90M | -3.71B |
| Net Income | -41.90M | -307.70M | 28.60M | 2.54B | -910.20M | -4.31B |
Balance Sheet | ||||||
| Total Assets | 5.64B | 6.87B | 5.22B | 4.14B | 3.50B | 3.80B |
| Cash, Cash Equivalents and Short-Term Investments | 91.40M | 212.20M | 70.80M | 90.40M | 48.10M | 19.50M |
| Total Debt | 3.17B | 3.82B | 2.84B | 1.72B | 4.11B | 4.08B |
| Total Liabilities | 4.81B | 5.76B | 4.40B | 3.82B | 6.43B | 5.81B |
| Stockholders Equity | 835.20M | 1.11B | 823.60M | 315.90M | -2.92B | -2.01B |
Cash Flow | ||||||
| Free Cash Flow | -227.80M | -946.90M | -1.38B | -838.90M | 56.00M | -266.30M |
| Operating Cash Flow | -214.00M | -891.50M | -1.32B | -832.90M | 56.00M | -266.30M |
| Investing Cash Flow | -38.00M | -182.70M | -64.20M | 295.50M | 85.10M | 772.60M |
| Financing Cash Flow | 251.90M | 1.12B | 1.32B | 587.30M | -138.50M | -500.00M |
TIL Ltd. Technical Analysis
Negative
271.20
Price Trends
193.41
Negative
206.87
Negative
247.27
Negative
Market Momentum
-5.28
Positive
43.69
Neutral
33.49
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:TIL, the sentiment is Negative. The current price of 271.2 is above the 20-day moving average (MA) of 186.31, above the 50-day MA of 193.41, and above the 200-day MA of 247.27, indicating a bearish trend. The MACD of -5.28 indicates Positive momentum. The RSI at 43.69 is Neutral, neither overbought nor oversold. The STOCH value of 33.49 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:TIL.
TIL Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹299.56B | 12.69 | ― | 0.75% | 13.24% | 89.75% | |
65 Neutral | ₹37.70B | 37.11 | ― | 0.35% | 24.72% | 12.62% | |
58 Neutral | ₹2.93B | 24.18 | ― | ― | 14.46% | 75.86% | |
56 Neutral | ₹6.13B | 25.45 | ― | ― | ― | ― | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
46 Neutral | ₹21.63B | -92.53 | ― | ― | 10.73% | -166.63% | |
39 Underperform | ₹12.67B | -40.38 | ― | ― | 2.53% | -1502.63% |
* Services Sector Average
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TIL Ltd. Corporate Events
TIL Confirms No Deviation in Use of Rs 60 Crore Warrant Proceeds
May 2, 2026
TIL Limited has clarified that there is no deviation or variation in the use of Rs. 60 crore raised via 37.5 lakh equity shares allotted on conversion of warrants on 28 January 2026, reaffirming that deployment of proceeds aligns with the stated o...
TIL Limited Completes Allotment in Rights Issue, Expands Equity Base
Apr 9, 2026
TIL Limited has completed the allotment phase of its previously announced rights issue of partly paid-up equity shares, approving the issuance of 12,091,760 rights equity shares to eligible shareholders and renouncees. Following this allotment, th...
TIL Limited Sets Timetable for Upcoming Rights Issue After Exchange Approvals
Mar 20, 2026
TIL Limited has confirmed the timetable for its upcoming rights issue, following in-principle approvals from BSE and NSE, with the issue set to open on 30 March 2026 and close on 8 April 2026. The company has also specified key dates for on-market...
TIL Limited Sets Terms for ₹199.5 Crore Rights Issue to Existing Shareholders
Mar 16, 2026
TIL Limited’s Rights Issue Committee has approved key terms for a proposed rights issue of partly paid-up equity shares, setting an issue size of about ₹199.5 crore through 1,20,91,760 shares priced at ₹165 each, with 75% payable...
TIL Ltd. Sets Record Date and Terms for ₹199.5 Crore Rights Issue
Mar 16, 2026
TIL Ltd. has approved key terms for a rights issue of partly paid-up equity shares with a face value of ₹10 each and an issue price of ₹165, aimed at raising up to about ₹199.5 crore. The move is designed to bolster the company&#...
TIL Limited Reschedules Board Committee Meeting on Proposed Rights Issue
Mar 9, 2026
TIL Limited has informed the stock exchanges that its Rights Issue Committee meeting, previously postponed while awaiting in-principle approvals, has been rescheduled to March 10, 2026. At this meeting, the board committee plans to set key paramet...
TIL Limited Reschedules Board Committee Meeting on Proposed Rights Issue
Mar 8, 2026
TIL Limited has notified the stock exchanges that its Rights Issue Committee meeting, originally scheduled for March 8, 2026, has been postponed by one day to March 9, 2026. The rescheduling follows an earlier adjournment linked to pending in-prin...
TIL Limited Reschedules Rights Issue Committee Meeting to Finalize Key Terms
Mar 7, 2026
TIL Limited has rescheduled the meeting of its Rights Issue Committee, which was earlier adjourned due to pending in-principle approvals from the stock exchanges. The meeting will now be held on Sunday, March 8, 2026, to decide key parameters of t...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.