āagman

Not investment advice. Data and computed figures, for information only.

Tilaknagar Industries Ltd

NSE: TI
₹548.85
+₹2.80 (+0.51%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹13,411 Cr
CMP
₹548.85
52-wk High / Low
₹608 / 382
P/E
59.3
P/B
4.5
Book Value
₹121.0
Div Yield
0.18%
ROCE
11.0%
ROE
12.6%
Face Value
₹10
D/E
0.77

Price+21.1% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 13 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
1
/ 9
1 of 9 F-score tests passed
Graham Number
₹48
√(22.5 × EPS × book value per share)
ROIC
6.4%
vs 13.1% sector median
Cash flow to profit
−21.19
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−683
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
11.3%
ROE × earnings retention ratio
ROE stability
11.7
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom −0.04FII +0.01DII +0.36
Latest quarter vs the previous one
Cash-accrual divergence
12.6%
of assets
Low = accruals track cash flow
Strengths
+Price trades above its 200-day moving average (1.2x)
+Price is within 10% of its 52-week high (-9.7%)
+FII holding rose by 6.0pp over the last year
Watch-outs
−Latest ROCE of 11% trails the sector median of 19%
−Borrowings are up 160% since FY2016 (885 to 2301)
−Promoter holding fell by 9.5pp over the last year
−Piotroski F-Score of 1/9 is in the weak band (≤3)
−Balance-sheet accruals of 12.6% of average assets — earnings are not cash-backed

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales3043543773593133753403844093986239491,046
Expenses266307325311263309280305315338513795877
Operating Profit38475148506660789460110155169
OPM %12.5%13.3%13.5%13.4%16.0%17.6%17.6%20.3%23.0%15.1%17.7%16.3%16.2%
Other Income168−4234842−157−56−26
Interest6885432232396966
Depreciation8888888777204645
Profit before tax26374431405854778953−106−1531
Net Profit26374431405854778953−105−1532
EPS (₹)1.341.932.281.632.083.022.793.994.572.53−4.26−0.601.28

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales7484585155786616535497831,1641,3941,3812,3463,016
Expenses6535806095756057054956711,0271,2081,1261,9262,523
Operating Profit95−122−94356−5254112137185255419494
OPM %12.7%−26.6%−18.3%0.5%8.5%−8.0%9.8%14.3%11.8%13.3%18.5%17.9%16.4%
Other Income2323354851124851118−206−236
Interest971251571521841297162402712113177
Depreciation283938373733333332323180118
Profit before tax−28−283−288−153−160271−394115013823021−37
Net Profit−40−282−280−151−160270−384515013823021−36
EPS (₹)−3.22−22.58−22.41−12.11−12.7521.56−3.062.858.097.1611.860.84−1.05

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital125125125125125125125159185193194247—
Reserves417131−104−255−412−143−181−252984616892,735—
Borrowings8258851,0721,0311,111579702585256121442,301—
Other Liabilities349387258383457519365295273258286877—
Total Liabilities1,7161,5281,3501,2841,2811,0801,0121,0131,0121,0331,2136,160—
Fixed Assets6085795425875525024694394203963703,772—
CWIP12312412411311410010010000360—
Investments3000300023123032—
Other Assets9828246855836124784434745696258102,295—
Total Assets1,7161,5281,3501,2841,2811,0801,0121,0131,0121,0331,2136,160—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity213132617591191856571121178−445
Cash from Investing Activity−85−3−2−8−350−26−12−16−77−3,570
Cash from Financing Activity−113−27−28−105−104−208−78−41−67−129−944,217
Net Cash Flow15−17−562−17−138−2−8−247202

Ratios

As of 31 Mar 2026
12 periods
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %5.0−13.0−11.00.03.0−8.05.013.015.022.028.011.0
ROE %———————————12.6
EPS (₹)−3.22−22.58−22.41−12.11−12.7521.56−3.062.858.097.1611.860.84
Book Value (₹)———————————121.0
Face Value (₹)———————————10
P/E———————————59.3
Div Yield %———————————0.18
NPM %−5.3−61.2−54.2−24.7−24.023.7−6.85.612.09.816.41.0
OPM %13.0−27.0−18.00.58.0−8.010.014.012.013.018.018.0
D/E1.523.4651.05————4.370.530.190.050.77
P/B———————————4.5

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+18.0%
5 years+34.0%
3 years+26.0%
TTM+100.0%
Compounded profit growth
10 years+11.0%
5 years+53.0%
3 years+51.0%
TTM−19.0%
Stock price CAGR
10 years+42.0%
5 years+64.0%
3 years+36.0%
Last year+19.0%
Return on equity
5 years20.0%
3 years19.0%
Last year13.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters54.96%54.96%54.96%54.80%54.80%54.67%44.89%41.15%40.19%40.00%31.71%31.67%
FIIs0.02%0.02%0.23%0.00%0.00%0.00%0.19%10.90%11.39%15.32%16.87%16.88%
DIIs0.25%0.25%0.34%0.03%0.02%0.01%0.00%0.01%0.11%1.26%5.92%6.28%
Government0.00%0.00%0.08%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public44.76%44.76%44.38%45.17%45.19%45.32%54.91%47.95%48.32%43.42%45.50%45.16%
No. of shareholders36,64236,64231,44527,70724,93424,24332,89034,00792,4401,22,3381,31,9141,29,086
Change since Jun 2023 (pp)
Promoters −23.29FIIs +16.86DIIs +6.03Public +0.40

Documents

As of 11 Oct 2026
Announcements
Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO)Announcement under Regulation 30 (LODR)-Change in ManagementClosure of Trading WindowShareholder Meeting / Postal Ballot-Scrutinizer''s ReportShareholder Meeting / Postal Ballot-Outcome of AGM
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026TranscriptAug 2026PPTAug 2026RecordingJun 2026TranscriptJun 2026PPTFeb 2026TranscriptFeb 2026PPTFeb 2026RecordingNov 2025TranscriptNov 2025PPTNov 2025RecordingAug 2025TranscriptAug 2025PPTAug 2025Recording

Corporate actions

As of 15 Sep 2026
15 Sep 2026DIVIDENDDividend - Re 1 Per Share—
23 Sep 2025DIVIDENDDividend - Re 1 Per Share—
20 Sep 2024DIVIDENDDividend - Rs 0.50 Per Share—
21 Sep 2023DIVIDENDDividend - Re 0.25 Per Share—
19 Aug 2022DIVIDENDDividend - Re 0.10 Per Share—
18 Sep 2014DIVIDENDAnnual General Meeting / Dividend - Re 0.80/- Per Share—
3 Sep 2013DIVIDENDAnnual General Meeting And Final Dividend Re.0.80 Per Share—
13 Sep 2012DIVIDENDAnnual General Meeting/Dividend Re 0.80 Per Share—
29 Aug 2011DIVIDENDAnnual General Meeting And Dividend Re.0.80 Per Share—
28 Sep 2010BONUSBonus 2:1—
23 Aug 2010DIVIDENDAnnual General Meeting And Final Dividend Rs.2.50 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman