The 5-year analysis of Tilaknagar Industries Ltd's performance infers:
We analysed the performance of Tilaknagar Industries Ltd share prices over the last 10 years. Here is what we found out:
Tilaknagar Industries (TI) which is the erstwhile â€˜The Maharashtra Sugar Mills Limitedâ€™ (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,
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 â€˜Dahanukar familyâ€™ continues to be the promoter of Tilaknagar Industries, sharing the same vision and values of the founders.
Babasahebâ€™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 TIâ€™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 TIâ€™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 TIâ€™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.