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TIL Ltd (TIL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 505196 NSE: TIL Construction Vehicles | Small Cap | TIL Share Price

₹177.30 -3.20 (-1.77%)

As on 04-Jun'26 16:59

TIL Ltd (TIL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 505196 NSE: TIL Construction Vehicles | Small Cap | TIL Share Price

₹177.30 -3.20 (-1.77%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹1,462 Cr.
Current Price
₹177.3
52-Week Low / High
₹161 / 398
TTM EPS
₹-3.7
TTM Sales
₹323 Cr.
Book Value per Share
₹15
P/E Ratio
0.00
Lower than its 3-year historical median
Industry PE
38.2
Price to Book (P/B)
11.86
Higher than its 5-year historical median
Price to Sales (P/S)
4.52
Lower than its 5-year historical median
EV/EBITDA
98.14
Higher than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
5.06%
Underperforms industry median
Return on Capital Employed (ROCE)
12.71%
Underperforms industry median
Return on Assets (ROA)
0.70%
Operating Profit Margin
4.3%
Net Profit Margin
0.92%
Gross Profit Margin
3.5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
371.2%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-98.86%
Asset Quality
Promoter Holding
70.12%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹41 Cr.
Equity
₹82.4 Cr.
Face Value
₹10
All Time Low / High
₹2.05 / 426.37

TIL stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is TIL Ltd a good quality company?
TIL Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does TIL Ltd performance compare with that of its Peers?
Q.1 Revenue growth of TIL Ltd vs industry peers?
TIL Ltd revenue CAGR is -3.45%, compared to the industry median CAGR of 10.87%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of TIL Ltd?
Promoters hold 70.12% of the TIL Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of TIL Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 9% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
TIL Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % -3.5%38%10%10.6%-1.9%-5.8%-95.5%-36%150%12.7%-
Value Creation
Index
-1.31.7-0.3-0.3-1.1-1.4NANA9.7-0.1-

Growth Parameters

Sales 3133083904713763126543.866.9315323
Sales YoY Gr.--1.5%26.4%20.9%-20.3%-16.9%-79.2%-32.6%52.7%371.2%-
Adj EPS -17.6-9.14.17-7.6-18.4-112.6-23.723.60.1-3.7
YoY Gr.-NANA73.1%-207.7%NANANANA-99.5%-
BVPS (₹) 45.975.578.984.27657.9-54.9-7917.912.215
Adj Net
Profit
-65.1-33.71525.9-27.9-68.2-416-87.642.20.8-31
Cash Flow from Ops. 16.5-59.7-81.428.5-43.8-63.2-20.86.7-83.2-130-
Debt/CF from Ops. 19.4-1.1-2.16.7-6.1-5.7-19.259.9-1.9-2.1-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 0.1%-3.5%69.3%371.2%
Adj EPS NANANA-99.5%
BVPS-13.7%-30.7%NA-31.8%
Share Price 9% 29.5% 73% -51.9%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-31.1-14.85.38.6-9.4-27.6-7657.835.4-32.41.4-27.6
Op. Profit
Mgn %
-1.69.212.312.10.5-8.5-279.3-126.8-111.34.31.3
Net Profit
Mgn %
-20.8-10.93.95.5-7.4-21.8-640.4-199.8630.3-9.5
Debt to
Equity
1.90.20.60.611.7-2-1.44.93.31
Working Cap
Days
4734383543394505652,0261,8001,277349199
Cash Conv.
Cycle
2191991781802704131,5841,12056713616

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales313308390471376312654467315
Operating Expenses + 320281342414374339247100141302
Manufacturing Costs16131615121085613
Material Costs214189236295224218313146203
Employee Cost 51485871715555373142
Other Costs 383032336656153285943
Operating Profit -72848572-27-182-57-7414
Operating Profit Margin (%) -2.1%9.0%12.3%12.0%0.5%-8.7%-280.0%-129.0%-111.0%4.3%
Other Income + 21157248511228
Exceptional Items 01310002-26003030
Interest 48232127333838372730
Depreciation 13111212131210977
Profit Before Tax -661352024-43-70-403-921964
Tax 0163-2-15-313-4-581
Profit After Tax -661201727-28-67-416-882543
PAT Margin (%) -21.2%38.8%4.4%5.7%-7.4%-21.5%-640.0%-201.0%379.5%0.9%
Adjusted EPS (₹)-17.932.44.67.2-7.6-18.1-112.0-23.9142.30.4
Dividend Payout Ratio (%)0%2.50%20.50%6.60%0%0%0%0%0%0%

Valuation of TIL - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 176279291311281214-203-2923283
Share Capital 10101010101010101867
Reserves 166269281301271204-213-3021416
Debt +28650173190260344223359157243
Long Term Debt2615114111817815289159
Short Term Debt26035173189219226452086984
Minority Interest0000000000
Trade Payables9079811101187193819477
Others Liabilities 2019722-9-4322401699447
Total Liabilities 753505568602655661353318378450

Fixed Assets

Net Fixed Assets +19614313712816712011910610499
Gross Block298154159160210167176164168170
Accumulated Depreciation102112232434757586572
CWIP 22212720002
Investments 100333333111
Inventories174185208188232217165141127126
Trade Receivables13775121185210239263036135
Cash Equivalents 211365541108
Others Assets 143869380317536389980
Total Assets 753505568602655661353318378450

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 16-60-8128-44-63-217-83-130
PBT -661352024-43-72-144-92-1074
Adjustment 61-1043539878085486521
Changes in Working Capital 23-61-132-34-87-693952-41-158
Tax Paid -1-30-4-1-1-2-1-2-03
Cash Flow From Investing Activity + 1343-13-16-11056829-6
Capex 1342-10-13-41140033-3
Net Investments 0-1-3-32-408-3-3
Others -02000216000
Cash Flow From Financing Activity + -17-27585-124553-35-1459131
Net Proceeds from Shares 000000006949
Net Proceeds from Borrowing -38-28-31-048822716794
Interest Paid -45-22-18-24-30-35-32-14-7-25
Dividend Paid 00-4-4-200000
Others 66-22613817306-310-7113
Net Cash Flow 08-900-0-015-6

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-32.6653.36.018.87-9.45-27.08N/AN/A05.06
ROCE (%)-3.4738.0210.0410.55-1.87-5.77N/AN/A150.0312.71
Asset Turnover Ratio0.450.530.740.810.60.470.130.130.190.76
PAT to CFO Conversion(x)N/A-0.5-4.761.04N/AN/AN/AN/A-0.33-43.33
Working Capital Days
Receivable Days122.9011690.40118.50191.90262743.10234.40181.7098.80
Inventory Days196.90197181.30153.20203.80262.301,0721,272.20731.80146.40
Payable Days132.90162.50123.80118.10185.20158.10968.801,029.50701.10153.70

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

TIL Ltd FAQs

The current trading price of TIL on 04-Jun-2026 16:59 is ₹177.3.

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 03-Jun-2026 the market cap of TIL stood at ₹1,461.7 Cr

The latest P/E ratio of TIL as of 03-Jun-2026 is 0.00.

The latest P/B ratio of TIL as of 03-Jun-2026 is 11.86.

The 52-week high of TIL is ₹397.8 and the 52-week low is ₹161.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of TIL is ₹323 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that TIL Ltd is a below average quality company.

The key valuation ratios of TIL Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of TIL Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About TIL Ltd

TIL Limited was incorporated in 1974 as Spundish Engineers Ltd, in 1986 it got its name changed to TIL. Technology, innovation, leadership - These define TIL as an organization, its attitude and philosophy. For over 63 years TIL has been a growth partner to India’s infrastructure sectors and is amongst the country’s leading providers of a wide range of technology intensive equipment for infrastructure development that represent some of the finest in global technology.

In the material handling sector, TIL has always been the market leader. TIL has continuously and successfully anticipated the future needs of the industry and introduced state of the art products - with many firsts in the market. The plant at Kolkata is the only purpose built manufacturing facility in this part of the world. Material handling equipment from TIL are recognized as reliable, productive and efficient and over the years TIL has emerged as the country’s foremost material handling equipment manufacturer and service provider. This is evident from the company’s growth in recent years.

TIL operates through three Strategic Business Groups – Material Handling Solutions, Construction and Mining Solutions, Power Systems Solutions having a well connected network of offices, factories and product support centres in the country and overseas offices in Nepal and Bhutan. TIL has long term technical and strategic alliances with leading Equipment manufacturers in the world- Caterpillar Inc, Manitowoc crane Group, USA Famak S.A, Poland and Paceco Corp, USA.

The mantra at TIL is to consistently provide highest service accuracy and introduce global best practices and innovation to raise the bar on customer satisfaction and deliver beyond customer expectations. We are committed to deliver the “best value proposition” by providing total solutions to all customers. Our passion remains to offer excellence in product support initiatives, prompt customer response and to be the industry benchmark as a Total Solutions Provider.

As a part of product support initiatives TIL has many successes in Customer Support Agreements like MARC, designed for specific customer requirements, the focus is to provide unparallel service.  TIL’s 365 Day Service has been recognized by customers and partners as a path breaking tool in product support service. Through innovation and a strong network TIL provides top rung product support solutions that is available in the country today.

A strong customer focused approach and constant quest for quality and innovation enables TIL to attain and sustain its superior position as a customer- partnering organisation.

TIL launched its 6 Sigma initiative in 2002 and this is a continuous, on going process in the company. Through our 6 Sigma projects, we are already witnessing growth benefits, cost savings, enhanced effectiveness and quality improvements. Our 6 Sigma project, “Speedier Service Support' was awarded the President’s Gold Medal among the Asia Pacific Dealers of Caterpillar.

TIL cranes with over 70% market share in India, enjoy excellent acceptance among all user-sectors in the country. As the first choice, TIL’s cranes are hard at work in India’s priority areas.

The Defence ServicesOil & PetrochemicalsIrrigation & PowerCoal and Metal MinesSteel PlantsPorts and RailwaysEngineering PlantsFertilisers and ChemicalsConstruction and Infrastructure

Solutions being offered by the company:

  • Construction and Mining Solution- The Caterpillar equipment product line, consisting of more than 300 machines, sets the standard for industry - one that is increasingly customer--focused. It plans to remain the leader and continue to help and meet the needs of customers with its equipment, with the best distribution and product support system in any capital goods industry and the continual introduction and updating of products. Machines are-Articulated Trucks, Backhoe Loaders, Cold Planers, Compact Track and Multi Terrain Loaders, Compactors, Feller Bunchers, Forest Machines, Forwarders, Hydraulic Excavators, Knuckleboom Loaders, Material Handlers, Motor Graders, Off-Highway Trucks, Paving Equipment, Paving Products, Pipelayers, Road Reclaimers, Skid Steer Loaders, Track Loaders, Track-Type Tractors, Underground Mining, Wheel Dozers, Wheel Loaders, Wheel Tractor-Scrapers 
  • Power System Solution- For continuous and quality power and for critical standby applications, discerning customers rely on Gensets powered by Caterpillar engines, sold and serviced by TIL, in diesel, gas and heavy fuel configurations. TIL also packages a range of Gensets and undertakes erection and commissioning of all relevant installations. Generator sets offered by TIL incorporate Caterpillar diesel/gas engines. Caterpillar powered gensets from TIL have excellent market acceptance across a wide user base. In a scenario of demand outpacing availability, these gensets provide users with features that are the hallmark of Caterpillar- economy, reliability, and quality power.
  • Material Handling Solution- As a pioneer, TIL has consistently led the market and its manufacturing record represents many ‘firsts’ in India. Pioneering the manufacture of mobile cranes in India, TIL completely changed the landscape of the material handling business. Today, TIL is the source for a comprehensive range of material handling equipment manufactured at its modern, purpose built plant in Kamarhatty, Kolkata. These include Mobile Cranes, Reachstackers, Electric Level Luffing Cranes, Articulated Lorry Loaders, equipment for specialized Defense Applications. Rubber Tyred Gantry Cranes are also planned for manufacture. Manufacturing collaborations are with Grove Worldwide USA (part of Manitowoc Crane Group, USA), Paceco Corp–USA, FAMAK-Poland. With a cutting edge technology and unique, integrated customer support, TIL’s material handling group is lifting India’s core industries to new heights.

Subsidiaries The Company has three subsidiary companies: Myanmar Tractors Limited, TIL Overseas Pte. Limited and Tractors Nepal Private Limited.

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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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