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Tilaknagar Industries Ltd share Price Today

Company details

262.12
275.00
140.10
291.40
6M Return 10.72%
1Y Return 78.61%
Mkt Cap.(Cr) 5,077.47
Volume 693,585
Div Yield 0.19%
OI
-
OI Chg %
-
Volume 693,585

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Technical Outlook
    The share price of Tilaknagar Industries recorded breakout from decade long consolidation on the back of above average volumes, indicating structural turnaround. Thus, offers fresh entry opportunity from medium to long term perspective 

    Historically, such multi year consolidation breakout generates significant returns from breakout level over subsequent quarters. In current context, stock has sustained breakout post earnings and expected to accelerate upward momentum

    The current up move, off May-22 low of ₹ 51 has been oscillating in a well defined upward sloping channel while sustaining above 10 months EMA, indicating elevated buying demand

    We expect the stock to resolve higher and head towards milestone of ₹ 170 over the next few months as it is near upper band of rising channel placed around ₹ 178 coincided with 123.6% external retracement of 2010-17 decline ₹ 148-10

Q1FY

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Brewries & Distilleries company Tilaknagar Industries announced consolidated Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Net revenue from operations grew 0.4% to Rs 358.8 crore v/s Rs 357.4 crore; on account of high base of Q4FY23, due to growth investment undertaken on back of equity funds raised in Dec 2022
  • EBITDA improved by 10.9% to Rs 48.2 crore v/s Rs 43.5 crore
  • EBITDA margin improved by 128 basis points, standing at 13.4% as against 12.2%
  • PAT excl. exceptional items increased by 20.9% to Rs 39.5 crore from Rs 32.7 crore
  • Reported EPS (Diluted) stood at Rs 1.63 per share
  • Volumes grew 0.4% to 2.9 mn cases, while NSR expanded 6.3% to Rs 1,293 per case

FY24 Financial Highlights:

  • Net revenue from operations grew 19.7% to Rs 1,394.0 crore v/s Rs 1,164.4 crore
  • EBITDA improved by 35.2% to Rs 185.4 crore v/s Rs 137.2 crore
  • EBITDA margin improved by 152 basis points, standing at 13.3% as against 11.8%
  • PAT excl. exceptional items increased by 95.3% to Rs 141.0 crore from Rs 72.2 crore
  • Reported EPS (Diluted) stood at Rs 7.16 per share
  • Volumes grew 15.7% to 11.2 mn cases, while NSR expanded 7.1% to Rs 1,282 per case

Commenting on the performance, Amit Dahanukar, Chairman & Managing Director, said “FY24 has been a year of consolidating our brandy leadership through a steady mix of market share gains by our mature brands like Mansion House Brandy and Courrier Napoleon Brandy, and growth in recently launched brands like Flandy. Our premium brandy brand, Mansion House Reserve, which is sold only in Tamil Nadu, registered a more than 2x growth in volumes in FY24, gaining market share in the relevant segment in the state by more than 300 basis points.

On the growth front, we continued to grow faster than overall IMFL industry, as well as ‘Prestige & Above’ segments. FY24 was the second consecutive year in which we were India’s fastest growing IMFL company of scale. In FY24, we became the fourth largest IMFL company in our key state of Telangana; we also became the third largest P&A player in the state. We continued to gain market share in another key state, Puducherry, where we now have a more than 25% share of entire IMFL industry, registering a more than 500 basis points growth in market share. Moreover, we gained more than 100 basis points market share in our top 5 states of Telangana, Andhra Pradesh, Karnataka, Puducherry and Kerala which contribute more than 80% of our volumes and ~40% of total India IMFL industry volumes. This increase in market share has been on account of gains within brandy as well as taking share from other categories.

All this has been possible due to a clear strategic drive of focusing on brandy category seeding and meeting need gaps across premium price points in brandy, through a combination of well thought out marketing strategies and product launches.

On the financial front, despite intense inflationary pressures, we have been able to expand our profit margins on account of premiumization, price increases received in key states, cost optimizations and operating leverage. Additionally, we have reduced our debt by more than Rs 130 crore in FY24. Our gross and net debt stand at Rs 119 crore and Rs 74 crore respectively as on 31st March 2024; and we are targeting to be net debt free over the course of FY25.”

Result PDF

View Other Company Results

Tilaknagar Industries Ltd shares SWOT Analysis

Strengths (6)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Effectively using its capital to generate profit - RoCE improving in last 2 years
  • Company with Low Debt

Weakness (3)

  • MFs decreased their shareholding last quarter
  • Inefficient use of shareholder funds - ROE declining in the last 2 years
  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (1)

  • RSI indicating price strength

Threats (1)

  • Promoter decreasing their shareholding

Resistance and support

R1 271.6
R2 279.7
R3 284.5
Pivot

266.86

S1 258.7
S2 254.0
S3 245.8
EMA SMA
257.1
243.1
235.1
221.0
252.6
239.0
229.2
231.6
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
M&S BOTTLING COMPANY PRIVATE LIMITED Bulk Sell 2024-03-11 193.22 1000000 BSE
BNP PARIBAS ARBITRAGE Bulk Sell 2023-11-30 265.34 1061212 NSE
AMIT DAHANUKAR Bulk Sell 2023-11-23 252.68 3000000 NSE
Name Category Shares
SHIVANI AMIT DAHANUKAR PROMOTER 17.11%
AMIT DAHANUKAR PROMOTER 13.93%
M L DAHANUKAR AND CO PVT LTD PROMOTER 4.93%
ARUNODAY INVESTMENTS PVT LTD PROMOTER 3.7%

OUR RESEARCH VIEW

Investment recommendation
Call Date
24 May 2023
Entry Price 141.00
Target Price 170.00
Duration
3 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Tilaknagar Industries Ltd Stocks COMPARISON

Financials( in Cr) Tilaknagar Industries Ltd United Spirits Ltd United Breweries Ltd Radico Khaitan Ltd Piccadily Agro Industries Ltd
Price 263.45 1,260.65 2,066.90 1,782.10 731.70
% Change -3.36 -0.39 -1.12 -0.24 -2.56
Mcap Cr 5,077.47 91,693.50 54,649.87 23,829.35 6,902.78
Revenue TTM Cr 1,164.36 10,611.60 7,499.92 3,142.81 608.89
Net Profit TTM Cr 149.90 1,125.80 304.68 204.37 23.30
PE TTM 36.01 64.49 133.18 91.01 78.76
1 Year Return 78.61 41.37 38.24 47.07 950.99
ROCE 10.37 17.41 10.58 11.40 12.44
ROE 12.06 15.21 7.71 9.65 10.64
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 474.12 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 37,826.63 8,630.44
LAST 3M 107,380.98 -11,529.23
LAST 6M 184,073.87 -1,796.10
LAST 12M 296,057.08 99,791.83
Tilaknagar Industries Limited - Press Release

Jun 20, 2024 l NSE Announcement

Tilaknagar Industries` Mansion House Brandy emerges second-largest selling brand globally for 2023

Jun 20, 2024 l BSE Announcement

Date Action Type Ratio
Sep 21, 2023 Dividend 2.5
Aug 19, 2022 Dividend 1

Tilaknagar Industries Ltd Information

Stock PE (TTM)
36.01
Promoter Holding
40.19%
Book Value
33.9185
ROCE
10.37%
ROE
12.06%
Description
  • Tilaknagar Industries Ltd. (TI) (the erstwhile The Maharashtra Sugar Mills Limited (MSM)) is a recognized player in the alcoholic-beverages industry with an outstanding collection of brands. It has built a leading portfolio of brands across IMFL segment including Whisky, Brandy, Rum, Gin and Vodka. TI has some of the best performing and most trusted brands in South India and CSD stores and also has presence across regions like South-East Asia, African countries, Middle East and Europe. TI is built and sustained through innovation and it curates experiences with evolving consumer preferences. The comprehensive brand portfolio and state-of-the-art facilities enable it to offer high quality premium products with smooth taste and value addition. ] The Company has ultra-modern set up with robust manufacturing facilities comprising of 1 owned facility, 3 operating liquor subsidiaries, 12 leased/tie-up units strategically located across India. It has 100 KLPD molasses based and 100 KLPD grain-based distillation plants and IMFL Bottling Plant at Shrirampur (Maharashtra). The Company was promoted in 1933 by the illustrious industrialist and visionary Shri Mahadev L Dahanukar popularly known as Babasaheb Dahanukar. The company was then engaged in the manufacture of sugar and allied products. Babasaheb`s efforts were guided by noted freedom fighter Lokmanya Balgangadhar Tilak, and he named the factory complex Tilaknagar as a token of respect for Lokmanya Tilak. In deference to the policy of the Government to have all sugar businesses in the country under the control and management of Co-operative Societies formed by farmers, the Company had to stop its sugar business in 1987. Tilaknagar Distilleries & Industries Ltd. was promoted as a 100 per cent subsidiary of The Maharashtra Sugar Mills Ltd. The year 1973 saw Tilaknagar Industries diversify into the businesses of Industrial Alcohol, Indian Made Foreign Liquor (IMFL) and Sugar Cubes. Both Maharashtra Sugar Mills Ltd. and Tilaknagar Distilleries & Industries Ltd have been merged to form Tilaknagar Industries Ltd. with effect from August 6, 1993. Since then the company has been engaged in the business of manufacture and distribution of spirit and Indian Made Foreign Liquor (IMFL). There has been no change in the promoter of the company. The Dahanukar family continues to be the promoter of TI(Tilaknagar Industries), sharing the same vision and values of the founders. Due to its core competency in alcoholic beverages and conscious efforts,the company swiftly established its distinct identity in the liquor industry. The Company unveiled the striking new super-premium Seven Islands Vintage Single Malt Scotch Whisky in London in April 2012. It launched Mansion House Whisky in Andhra Pradesh, Maharashtra, Karnataka, Odisha, Assam, Puducherry, Goa and Madhya Pradesh. It launched TI`s VSOP Brandy and White House Rum in Tamil Nadu and Kerala respectively during 2011-12. The Company has launched Seven Islands Vintage Single Malt Scotch Whisky in Chennai in October 2012 in super premium category followed by subsequent launches in Delhi and Chandigarh. During the year 2012-13, the Company acquired 26% stake in Mason & Summers Marketing Services Pvt. Ltd., which is engaged in the sales, marketing and distribution of the branded products of Mohan Meakin Ltd. and its affiliates including iconic brand "OLD MONK RUM" in North and East India. It commenced construction work for the State of Art IMFL bottling facility at Shrirampur, for catering the increased production load. During financial year 2013-14, the Company acquired the IMFL business of IFB Agro Industries Ltd. ("IFB"), Kolkata including two of its most popular brands in Eastern Indian Markets of West Bengal, Assam and Odisha i.e. "Volga" Vodka and "Blue Lagoon" Gin. White House XXX Matured Rum, launched in the Mar`12 became the 3rd home-grown Millionaire Brand of the Company; the Company got new aesthetic and visually appealing packaging of Mansion House French Brandy designed from London based internationally reputed brand design agency for introduction in the markets; z Senate Royale Whisky has become the leading Whisky in the State of Odisha in the semi-premium segment; the Company divested the entire stake held by it in P. P. Caps Pvt. Ltd., wholly owned subsidiary and the same has ceased to be subsidiary of the Company w.e.f. January 16, 2014. During the financial year 2014-15, it increased its own bottling capacity to 0.28 million cases per month and commissioned a new state-of-the-art IMFL bottling facility project based on `Plant in Plant` concept in Shrirampur. The Company has re-commenced the bottling operations in the State of Tamil Nadu during the financial year 2017-18. During the year 2018-19, the Trademark License agreement entered into on April 10, 2017 by the Company with PunjabExpo Breweries Private Limited, wholly owned subsidiary of the Company was amended with effect from April 01, 2018. The Company launched one of its premium brands, Courrier Napoleon Brandy - Green in the State of Andhra Pradesh in December 2020. The Company has commenced production of brands of French multinational Pernod Ricard India Private Limited at its Shrirampur bottling facility in Maharashtra, from February 15, 2022. The Board of Directors of Tilaknagar Industries Limited (TI / the Transferee Company) at their Board Meeting held on May 30, 2022, have approved the Composite Scheme of Amalgamation, which inter alia, provides for amalgamation by way of absorption and vesting of four wholly-owned subsidiaries of the Company, viz. (i) Kesarval Spring Distillers Private Limited (KSDPL); (ii) Mykingdom Ventures Private Limited (MVPL); (iii) Shrirampur Grains Private Limited (SGPL); and (iv) Studd Projects Private Limited (SPPL) [the Transferor Companies] with and into TI (Transferee Company/ Holding Company), which became effective from April 01, 2022, the Appointed Date.

Registered Address

P O Tilaknagar, Tal Shrirampur, Ahmednagar, Maharashtra, 413720

Tel : 91-2422-265123/265032
Email : investor:tilind.com; regoff:tilind.com
Website : http://www.tilind.com
Registrar

Bigshare Services Pvt Ltd

AGM Date (Month) : Dec
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 507205
NSE Code : TI
Book Closure Date (Month) : Sep
BSE Group : A
ISIN : INE133E01013

FAQ’s on Tilaknagar Industries Ltd Shares

You can buy Tilaknagar Industries Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Tilaknagar Industries Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 21, 2024 03:59 PM the closing price of Tilaknagar Industries Ltd was Rs.263.45.

The latest PE ratio of Tilaknagar Industries Ltd as of Jun 21, 2024 03:59 PM is 36.01

The latest PB ratio of Tilaknagar Industries Ltd as of Jun 21, 2024 03:59 PM is 0.13

The 52-week high of Tilaknagar Industries Ltd share price is Rs. 291.40 while the 52-week low is Rs. 140.10

According to analyst recommendations, Tilaknagar Industries Ltd Share has a "Buy" rating for the long term.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 21, 2024 03:59 PM, the market cap of Tilaknagar Industries Ltd stood at Rs. 5,077.47 Cr.

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