Tilaknagar Industries Ltd Stock Analysis

BSE: 507205 | NSE: TI | Breweries & Distilleries | Small Cap

BSE Share Price 06-Feb-2023 18:01
111.45 2.95 (2.72%)

DeciZen - Make an Informed Decision on Tilaknagar Inds

Overall Rating

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Semi Strong

Tilaknagar Inds Price Chart

P/E Ratio ( SA) :
70.41
Market Cap :
2,064.5 Cr.
52-wk low :
50.8
52-wk high :
127.1
Bole Toh?

1. Is Tilaknagar Industries Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Tilaknagar Industries Ltd is a average quality company.

2. Is Tilaknagar Industries Ltd undervalued or overvalued?

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

3. Is Tilaknagar Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Tilaknagar Industries Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Tilaknagar Inds:

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.
Tilaknagar Industries Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 8.9%7%1.8%-14.5%-15.2%-11.3%-3.7%12.8%2.9%10.7%-
Value Creation Index -0.4-0.5-0.9-2.0-2.1NANANANA-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 5696165513723813084896495497832,099
YoY Gr. Rt. %-8.3%-10.5%-32.5%2.4%-19.3%59%32.6%-15.4%42.8%-
Adj EPS 4.13.9-2.7-20.5-21.5-15.9-11.7-0.6-2.41.91.6
YoY Gr. Rt. %--6%-169.9%NANANANANANANA-
BVPS (₹) 34.937.939.913.50.5-15.1-26.9-2.3-4.56.619.7
Adj Net Profit 50.448.2-34-256-268-198-147-7.8-29.73029
Cash Flow from Ops. 14.937.91781926.920213.520871.677.7-
Debt/CF from Ops. 40.620.54.444.438.34.979.52.69.37.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 3.6%15.5%17%42.8%
Adj EPS -8.3%NANANA
BVPS -1764.700
Share Price 4.1% 44.3% 82% 41.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 10.69.2-6.5-68.8-215.4228.656.74.47887.812
Op. Profit Mgn % 25.92315.4-26.3-23-20.511.4-0.710.213.64.9
Net Profit Mgn % 8.97.8-6.2-68.7-70.3-64.4-30-1.2-5.43.81.4
Debt to Equity 1.41.71.65151.7-5.2-3.2-18.6-11.85.61.5
Working Cap Days 3253364214894425002231281178970
Cash Conv. Cycle 676747-6-13-34-32-37-32-2913

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 17.01%

Sales growth is good in last 4 quarters at 29.05%

Return on Equity has declined versus last 3 years average to 12.00%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Tilaknagar Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 1.6 2.6
TTM Sales (₹ Cr.) 2,099 2,099
BVPS (₹.) 19.7 20.5
Reserves (₹ Cr.) 180 193
P/BV 5.65 5.45
PE 70.41 42.62
From the Market
52 Week Low / High (₹) 50.75 / 127.05
All Time Low / High (₹) 0.16 / 147.80
Market Cap (₹ Cr.) 2,064
Equity (₹ Cr.) 185.2
Face Value (₹) 10
Industry PE 56.6

Management X-Ray of Tilaknagar Inds :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *91.2291.2291.2288.9688.9688.9685.6685.6685.6679.97
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Tilaknagar Inds

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Tilaknagar Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Tilaknagar Inds on 06-Feb-2023 18:01 is : 111.5.
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 06-Feb-2023 18:01 the market cap of Tilaknagar Inds stood at ₹ 2,064.5.
The latest PE ratio of Tilaknagar Inds as of 06-Feb-2023 18:01 is 70.41.
The latest PB ratio of Tilaknagar Inds as of 06-Feb-2023 18:01 is 5.65
The 52-week high of Tilaknagar Inds is ₹ 127.0 and the 52-week low is ₹ 50.75.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Tilaknagar Inds is ₹ 2,099 ( Cr.) .

About Tilaknagar Industries Ltd

Tilaknagar Industries (TI) which is the erstwhile ‘The Maharashtra Sugar Mills Limited’ (MSM) was promoted in 1933 by the illustrious industrialist and visionary Mahadev L Dahanukar popularly known as Babasaheb Dahanukar. The company was then engaged in the manufacture of sugar and allied products.

Tilaknagar Distilleries & Industries was promoted as a 100% subsidiary of The Maharashtra Sugar Mills. The year 1973 saw TI diversify into the businesses of industrial alcohol, Indian Made Foreign Liquor (IMFL) and sugar cubes. Both Maharashtra Sugar Mills and Tilaknagar Distilleries & Industries Ltd have been merged to form Tilaknagar Industries (TI) with effect from August 6, 1993. Since then TI 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 Tilaknagar Industries, sharing the same vision and values of the founders.

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. The company had an unfailing record of paying dividend for more than 50 years. 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.

Due to its core competency in alcoholic beverages and conscious efforts, TI swiftly established its distinct identity in the liquor industry. Today TI’s brand portfolio consists of unique and diverse brands that enjoy excellent consumer preference solely due to their quality and value for money.

The distillery of the company has the capacity to produce more than 60,000 liters of alcohol per day. In addition to TI’s own distilleries and factory at Tilaknagar (Maharashtra), India, the company also has lease/tie up with 24 more factories which cater to expanding demand in both domestic and export markets.

The exports are catered from TI’s main factory in Tilaknagar (Maharashtra) to ensure impeccable quality control and supervision. TI is exporting to many overseas markets in Africa, Caribbean Islands and Asia.

Product range of the company includes:

TI is a leading manufacturer of liquor across the major categories - Whisky, Brandy, Rum, Vodka and Gin. TI has a market leading position in the southern and western parts of India.

Whisky

  • Senate Royale Whisky
  • Mansion House Whisky
  • Senate Whisky
  • Shot Whisky
  • Classic Whisky
  • Royal Choice Whisky
  • Hottt Silk Whisky
  • Castle Club Whisky

Brandy

  • Mansion House Brandy
  • Courrier Napoleon Brandy

Rum

  • Savoy Club Rum
  • Royal Choice Rum
  • Madira Rum

Vodka

  • Classic Vodka
  • Castle Club

Gin

  • Savoy Club Dry Gin
  • Royal Choice Duet Gin
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