Tilaknagar Inds

₹399.8 0.6 | 0.2%

WEBSITE BSE:507205 NSE : TILAKNAG IND 15 Jan, 13:24

Market Cap ₹7741 Cr.

Stock P/E 56.1

P/B 10.2

Current Price ₹399.8

Book Value ₹ 39.1

Face Value 10

52W High ₹457.3

Dividend Yield 0.13%

52W Low ₹ 182.6

Edit Ratio

Tilaknagar Inds Research see more...

Cheers to Transformation: Tilaknagar Industries Ltd's Remarkable Turnaround

Overview Inc. Year: 1933Industry: Breweries & Distilleries

Tilaknagar Industries Ltd. sells and manufactures Indian made foreign liquor and its related products in India. The organisation’s products consist of whisky, brandy, rum, vodka, and gin. It offers brandy underneath the Mansion House and Courier Napoleon manufacturers; whisky under the Mansion House, Senate Royal, and Senate Royale Red manufacturers; rum beneath the Madiraa brand; and gin below the Blue Lagoon logo. The corporation 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.

Tilaknagar Inds Share Price

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Quarterly Price

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Peer Comparison

Tilaknagar Inds Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

Tilaknagar Inds Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Net Sales	616	551	372	381	308	489	649	549	783	1164	1394
Other Income	4	2	1	4	32	2	19	12	10	6	14
Total Income	620	553	373	385	339	491	667	560	793	1171	1408
Total Expenditure	474	467	485	471	371	437	657	493	679	1031	1205
Operating Profit	146	86	-112	-86	-31	54	10	68	114	140	203
Interest	53	82	120	153	134	168	125	65	58	40	27
Depreciation	23	27	37	36	36	35	31	31	31	31	30
Exceptional Income / Expenses	0	0	0	0	0	0	455	0	0	97	-0
Profit Before Tax	69	-23	-268	-275	-201	-149	309	-29	25	166	146
Provision for Tax	21	11	-2	-7	-3	0	1	-0	-4	-0	0
Profit After Tax	49	-35	-266	-268	-198	-149	308	-29	29	166	146
Adjustments	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	49	-35	-266	-268	-198	-149	308	-29	29	166	146
Adjusted Earnings Per Share	3.9	-2.8	-21.3	-21.5	-15.9	-11.9	24.6	-2.3	1.8	8.9	7.6

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	20%	36%	23%	9%
Operating Profit CAGR	45%	44%	30%	3%
PAT CAGR	-12%	0%	0%	12%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	58%	64%	98%	29%
ROE Average	26%	69%	41%	-17%
ROCE Average	23%	21%	28%	11%

Tilaknagar Inds Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	542	507	237	12	-185	-332	-24	-52	121	486	664
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	208	211	226	0	0	0	489	459	381	24	63
Other Non-Current Liabilities	105	128	114	53	18	101	251	94	58	69	60
Total Current Liabilities	673	749	846	1180	1170	1384	294	454	423	426	252
Total Liabilities	1528	1596	1423	1244	1003	1154	1011	955	982	1005	1040
Fixed Assets	406	555	530	494	541	506	481	450	422	403	380
Other Non-Current Assets	283	154	125	80	188	188	146	146	112	55	67
Total Current Assets	839	887	768	671	274	459	383	359	449	546	593
Total Assets	1528	1596	1423	1244	1003	1154	1011	955	982	1005	1040

Tilaknagar Inds Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	6	5	17	6	4	2	11	11	13	36	33
Cash Flow from Operating Activities	38	178	19	27	202	13	208	72	81	84	117
Cash Flow from Investing Activities	-109	-84	-9	-1	-25	0	0	-0	-46	-19	-12
Cash Flow from Financing Activities	70	-81	-23	-28	-178	-5	-208	-69	-12	-67	-129
Net Cash Inflow / Outflow	-1	12	-13	-3	-2	9	0	2	23	-2	-24
Closing Cash & Cash Equivalent	5	17	4	4	2	11	11	13	35	33	9

Tilaknagar Inds Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	3.93	-2.77	-21.32	-21.49	-15.87	-11.9	24.61	-2.3	1.83	8.95	7.56
CEPS(Rs)	5.82	-0.59	-18.39	-18.59	-13.02	-9.1	27.1	0.21	3.8	10.61	9.14
DPS(Rs)	0.8	0	0	0	0	0	0	0	0.1	0.25	0.5
Book NAV/Share(Rs)	37.89	34.79	13.47	0.54	-15.14	-26.9	-2.3	-4.48	6.55	25.4	34.05
Core EBITDA Margin(%)	15.18	10.25	-16.89	-14.37	-15.89	6.6	-0.59	3.92	5.78	5.37	6.36
EBIT Margin(%)	13.09	7.2	-22.24	-19.53	-16.88	2.44	29.11	2.54	4.59	8.29	5.79
Pre Tax Margin(%)	7.41	-2.82	-40.19	-44.01	-50.6	-18.8	20.72	-2.05	1.39	6.67	4.89
PAT Margin (%)	5.2	-4.2	-39.9	-42.84	-49.93	-18.8	20.66	-2.02	1.61	6.67	4.89
Cash Profit Margin (%)	7.71	-0.9	-34.41	-37.05	-40.96	-14.38	22.75	0.18	3.34	7.91	5.91
ROA(%)	3.48	-2.21	-17.62	-20.1	-17.62	-13.81	28.45	-2.93	3	16.69	14.25
ROE(%)	10.87	-7.64	-88.38	-306.79	0	0	0	0	121.98	57.72	25.86
ROCE(%)	10.67	4.76	-13.2	-11.88	-7.26	2.5	69.4	6.45	12.6	28.57	22.69
Receivable days	61.75	68.33	55.73	47.55	70.81	56.4	50.68	52.73	40.98	41.34	46
Inventory Days	41.33	45.39	50.17	44.91	55.56	29	16.52	16.75	14.46	13.79	13.29
Payable days	127.84	206.29	413.14	381.55	504.01	458.68	282.39	378.79	292.18	188.34	137.4
PER(x)	14.12	0	0	0	0	0	0.61	0	36.26	12.58	27.81
Price/Book(x)	1.46	0.57	1.21	25.3	-1.24	-0.53	-6.55	-6.57	10.14	4.43	6.18
Dividend Yield(%)	1.44	0	0	0	0	0	0	0	0.15	0.22	0.24
EV/Net Sales(x)	2.36	1.84	2.79	3.13	3.96	2.53	1.09	1.85	2.01	1.97	2.96
EV/Core EBITDA(x)	9.97	11.73	-9.32	-13.9	-38.91	22.82	71.99	15.06	13.81	16.4	20.34
Net Sales Growth(%)	8.25	-10.5	-32.46	2.4	-19.34	58.97	32.63	-15.39	42.76	48.63	19.72
EBIT Growth(%)	-3.84	-51.58	-350.58	17.58	45.23	128.85	2146.63	-91.67	129.16	148.69	-16.28
PAT Growth(%)	-3.47	-171	-671.07	-0.78	26.15	24.8	306.82	-109.35	200.97	470.45	-12.12
EPS Growth(%)	-4.95	-170.44	-671.06	-0.78	26.15	25.03	306.82	-109.33	179.84	388.2	-15.49
Debt/Equity(x)	1.66	1.81	5.03	151.68	-5.24	-3.19	-18.56	-11.78	5.62	0.54	0.18
Current Ratio(x)	1.25	1.18	0.91	0.57	0.23	0.33	1.3	0.79	1.06	1.28	2.35
Quick Ratio(x)	1.09	1.05	0.81	0.51	0.19	0.28	1.1	0.63	0.89	1.01	1.95
Interest Cover(x)	2.3	0.72	-1.24	-0.8	-0.5	0.11	3.47	0.55	1.43	5.13	6.45
Total Debt/Mcap(x)	1.13	3.18	4.17	6	4.24	5.96	2.83	1.79	0.55	0.12	0.03

Tilaknagar Inds Shareholding Pattern

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	44.86	42.92	41.95	41.15	42.02	41.97	40.26	40.19	40.17	40.14
FII	0	1.91	10.38	10.89	10.57	11.33	11.57	11.38	11.69	12.4
DII	0.17	0.01	0.01	0.01	0.01	0.01	0.17	0.1	0.35	1.19
Public	54.97	55.16	47.67	47.94	47.4	46.69	48	48.32	47.79	46.26
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	7.12	7.12	7.63	7.63	8.05	8.05	7.75	7.75	7.75	7.75
FII	0	0.32	1.89	2.02	2.02	2.17	2.23	2.19	2.25	2.39
DII	0.03	0	0	0	0	0	0.03	0.02	0.07	0.23
Public	8.73	9.15	8.67	8.89	9.08	8.95	9.23	9.31	9.21	8.93
Others	0	0	0	0	0	0	0	0	0	0
Total	15.88	16.59	18.18	18.53	19.15	19.17	19.24	19.27	19.28	19.3

Pros

Company has a good return on equity (ROE) track record: 3 Years ROE 69%
Debtor days have improved from 188.34 to 137.4days.
Company is almost debt free.

Cons

Promoter holding is low: 40.14%.
Stock is trading at 10.2 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.