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Technocraft Industries (India) Ltd (TIIL)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532804 NSE: TIIL Steel & Iron Products | Small Cap | Technocraft Inds.(I) Share Price
₹3,065.50 44.40 (1.47%)
As on 24-Sep'26 13:41
Technocraft Industries (India) Ltd (TIIL)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532804 NSE: TIIL Steel & Iron Products | Small Cap | Technocraft Inds.(I) Share Price
₹3,065.50 44.40 (1.47%)
As on 24-Sep'26 13:41
Key Metrics
Valuation Multiples
Market Cap
₹6,850 Cr.
Current Price
₹3,065.5
52-Week Low / High
₹1,870 / 3,567
TTM EPS
₹149.8
TTM Sales
₹2,931 Cr.
Book Value per Share
₹952.7
P/E Ratio
20.17
Lower than its 5-year historical median
Industry PE
25.4
Price to Book (P/B)
3.17
Lower than its 5-year historical median
Price to Sales (P/S)
2.34
Lower than its 5-year historical median
EV/EBITDA
11.73
Lower than its 5-year historical median
Dividend Yield
0.65%
Profitability Efficiency
Return on Equity (ROE)
15.45%
Outperforms industry median
Return on Capital Employed (ROCE)
16.35%
Outperforms industry median
Return on Assets (ROA)
8.42%
Operating Profit Margin
17.3%
Net Profit Margin
10.62%
Gross Profit Margin
18.5%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-2.92%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
12.62%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
11.45%
Asset Quality
Promoter Holding
74.75%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹2,137 Cr.
Equity
₹22.7 Cr.
Face Value
₹10
All Time Low / High
₹17.55 / 3939.00
Check Before You Invest
Quality
Very GoodValuation
OvervaluedCheck Valuation charts
Price Trend
Semi Strong
Is Technocraft Industries (India) Ltd a good quality company?
Technocraft Industries (India) Ltd is a good quality company, based on a consistently good 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 Technocraft Industries (India) Ltd performance compare with that of its Peers?
Revenue growth of Technocraft Industries (India) Ltd vs industry peers?
Technocraft Industries (India) Ltd revenue CAGR is 16.34%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Technocraft Industries (India) Ltd?
Promoters hold 74.75% of the Technocraft Industries (India) Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Technocraft Industries (India) Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 24% based on the current price.
10 Year X-Ray :
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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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.
Technocraft Industries (India) Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 17.7% | 17.6% | 14.8% | 12% | 12.8% | 21.9% | 16.7% | 14.8% | 19.4% | 18.2% | - |
| Value Creation Index ⓘ | 0.3 | 0.3 | 0.1 | -0.1 | -0.1 | 0.6 | 0.2 | 0.1 | 0.4 | 0.4 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 864 | 1,010 | 1,151 | 1,181 | 995 | 1,667 | 1,825 | 1,643 | 2,091 | 2,030 | 2,094 |
| Sales YoY Gr. | - | 17% | 13.9% | 2.6% | -15.8% | 67.5% | 9.5% | -10% | 27.3% | -2.9% | - |
| Adj EPS ⓘ | 37.7 | 39.7 | 40.8 | 36.2 | 42.6 | 86.4 | 74.8 | 72.7 | 100.8 | 94 | 119.8 |
| YoY Gr. | - | 5.4% | 2.8% | -11.2% | 17.5% | 103% | -13.4% | -2.9% | 38.6% | -6.7% | - |
| BVPS (₹) ⓘ | 242.7 | 264.8 | 306.5 | 348.5 | 389.4 | 479.2 | 513.4 | 586.7 | 631.2 | 718.7 | 756.6 |
| Adj Net Profit ⓘ | 99.1 | 97.1 | 99.7 | 88.6 | 104 | 211 | 172 | 167 | 229 | 213 | 272 |
| Cash Flow from Ops. ⓘ | 28.7 | -6.9 | 23.7 | 186 | 230 | 99.2 | 75.4 | 285 | 346 | 162 | - |
| Debt/CF from Ops. ⓘ | 9.6 | -58.6 | 21.3 | 2.8 | 1.5 | 3.7 | 6.9 | 1.4 | 1.4 | 2.2 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 10% | 15.3% | 3.6% | -2.9% | ||||
| Adj EPS ⓘ | 10.7% | 17.2% | 7.9% | -6.7% | ||||
| BVPSⓘ | 12.8% | 13% | 11.9% | 13.9% | ||||
| Share Price | 24.2% | 30.2% | 14.7% | 26.4% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 16.8 | 15.1 | 14.3 | 11.1 | 11.5 | 19.9 | 14.6 | 13.2 | 16.5 | 13.9 | 16.2 |
| Op. Profit Mgn % ⓘ | 16.1 | 14.8 | 14.6 | 13.9 | 17.5 | 18.5 | 14.9 | 14.8 | 16 | 15.3 | 16.6 |
| Net Profit Mgn % ⓘ | 11.5 | 9.6 | 8.7 | 7.5 | 10.5 | 12.7 | 9.4 | 10.2 | 10.9 | 10.5 | 13 |
| Debt to Equity ⓘ | 0.4 | 0.6 | 0.7 | 0.6 | 0.4 | 0.3 | 0.4 | 0.3 | 0.3 | 0.2 | - |
| Working Cap Days ⓘ | 286 | 308 | 315 | 322 | 382 | 255 | 266 | 293 | 240 | 272 | 98 |
| Cash Conv. Cycle ⓘ | 141 | 158 | 178 | 197 | 214 | 126 | 143 | 168 | 121 | 134 | 46 |
Valuation of Technocraft Inds.(I) - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 936 | 1,184 | 1,313 | 1,352 | 1,295 | 1,911 | 1,985 | 2,182 | 2,596 | 2,759 |
| Operating Expenses ⓘ + | 790 | 1,014 | 1,116 | 1,148 | 1,079 | 1,519 | 1,581 | 1,783 | 2,180 | 2,291 |
| Operating Profit ⓘ | 146 | 170 | 197 | 204 | 215 | 392 | 403 | 398 | 415 | 468 |
| Operating Profit Margin (%) | 15.6% | 14.4% | 15.0% | 15.1% | 16.6% | 20.5% | 20.3% | 18.3% | 16.0% | 17.0% |
| Other Income ⓘ + | 41 | 52 | 37 | 42 | 58 | 47 | 50 | 90 | 101 | 102 |
| Interest ⓘ | 19 | 23 | 32 | 37 | 29 | 21 | 28 | 40 | 55 | 58 |
| Depreciation ⓘ | 24 | 29 | 38 | 52 | 68 | 63 | 64 | 68 | 108 | 123 |
| Profit Before Tax ⓘ | 144 | 170 | 164 | 156 | 187 | 360 | 362 | 372 | 353 | 388 |
| Tax ⓘ | 43 | 50 | 45 | 33 | 41 | 86 | 87 | 92 | 90 | 95 |
| Profit After Tax | 101 | 120 | 119 | 123 | 147 | 275 | 275 | 280 | 263 | 293 |
| PAT Margin (%) | 10.8% | 10.1% | 9.1% | 9.1% | 11.3% | 14.4% | 13.8% | 12.8% | 10.1% | 10.6% |
| Adjusted EPS (₹) | 39.1 | 48.8 | 47.7 | 50.2 | 53.2 | 109.3 | 116.3 | 115.1 | 113.0 | 125.8 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 17.70% | 15.90% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 689 | 709 | 827 | 944 | 1,072 | 1,337 | 1,416 | 1,675 | 1,772 | 2,022 | |
| Debt + | 335 | 503 | 625 | 635 | 437 | 487 | 637 | 675 | 840 | 785 | |
| Minority Interest | 4 | 4 | 6 | 8 | 12 | 18 | 27 | 39 | 41 | 44 | |
| Trade Payables | 40 | 55 | 44 | 67 | 112 | 142 | 145 | 92 | 113 | 102 | |
| Others Liabilities ⓘ | 318 | 382 | 363 | 435 | 438 | 494 | 395 | 534 | 576 | 663 | |
| Total Liabilities ⓘ | 1,385 | 1,653 | 1,866 | 2,089 | 2,072 | 2,477 | 2,620 | 3,014 | 3,342 | 3,616 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 186 | 222 | 278 | 439 | 386 | 404 | 425 | 726 | 844 | 842 | |
| CWIP ⓘ | 17 | 53 | 54 | 20 | 12 | 17 | 40 | 14 | 33 | 14 | |
| Investments ⓘ | 279 | 237 | 263 | 271 | 334 | 420 | 331 | 410 | 435 | 468 | |
| Inventories | 309 | 391 | 478 | 528 | 462 | 550 | 790 | 714 | 742 | 786 | |
| Trade Receivables | 190 | 277 | 326 | 342 | 346 | 457 | 420 | 454 | 538 | 667 | |
| Cash Equivalents | 64 | 58 | 54 | 90 | 76 | 101 | 181 | 160 | 173 | 195 | |
| Others Assets ⓘ | 341 | 415 | 414 | 399 | 456 | 529 | 433 | 537 | 577 | 643 | |
| Total Assets ⓘ | 1,385 | 1,653 | 1,866 | 2,089 | 2,072 | 2,477 | 2,620 | 3,014 | 3,342 | 3,616 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 54 | -27 | 26 | 201 | 258 | 108 | 136 | 308 | 276 | 243 |
| Cash Flow From Investing Activity ⓘ + | -49 | -41 | -117 | -165 | -30 | -132 | 22 | -339 | -185 | -116 |
| Cash Flow From Financing Activity ⓘ + | -7 | 53 | 98 | -25 | -215 | 20 | -61 | -21 | -45 | -131 |
| Net Cash Flow ⓘ | -2 | -14 | 8 | 12 | 13 | -4 | 97 | -52 | 47 | -4 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 15.98 | 17.17 | 15.5 | 13.91 | 14.56 | 22.79 | 19.95 | 18.1 | 15.26 | 15.45 |
| ROCE (%) | 16.75 | 17.13 | 14.64 | 12.63 | 13.78 | 22.55 | 19.91 | 18.63 | 16.43 | 16.35 |
| Asset Turnover Ratio | 0.73 | 0.78 | 0.75 | 0.69 | 0.62 | 0.84 | 0.78 | 0.78 | 0.82 | 0.8 |
| PAT to CFO Conversion(x) | 0.53 | -0.23 | 0.22 | 1.63 | 1.76 | 0.39 | 0.49 | 1.1 | 1.05 | 0.83 |
| Working Capital Days | ||||||||||
| Receivable Days | 71.80 | 71.70 | 83.60 | 89.50 | 96.60 | 76.50 | 80.40 | 73 | 69.70 | 79.60 |
| Inventory Days | 101.20 | 107.50 | 120.50 | 134.90 | 139.10 | 96.50 | 122.90 | 125.60 | 102.20 | 100.80 |
| Payable Days | 27.40 | 31.50 | 30 | 37.40 | 61.20 | 57.50 | 67.30 | 45 | 31.40 | 34.30 |
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Technocraft Industries (India) Ltd FAQs
The current trading price of Technocraft Inds.(I) on 24-Sep-2026 13:41 is ₹3,065.5.
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 23-Sep-2026 the market cap of Technocraft Inds.(I) stood at ₹6,849.7 Cr
The latest P/E ratio of Technocraft Inds.(I) as of 23-Sep-2026 is 25.21.
The latest P/B ratio of Technocraft Inds.(I) as of 23-Sep-2026 is 3.99.
The 52-week high of Technocraft Inds.(I) is ₹3,567.1 and the 52-week low is ₹1,870.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Technocraft Inds.(I) is ₹2,094 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that Technocraft Industries (India) Ltd is a good quality company.
The key valuation ratios of Technocraft Industries (India) Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Technocraft Industries (India) Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
About Technocraft Industries (India) Ltd
Technocraft Industries was incorporated on October 22, 1991 as Technocraft Industries (India) as an unlimited company under part IX of the Companies Act, 1956. Subsequently the company was re-registered as a public limited company and received a certificate for re-registration on October 28th, 1992.
Technocraft Industries (India), the parent company of the Technocraft group, is one of the leading manufacturers of Drum Closure including Title Seal Flanges and Plugs, Tite Seal Gaskets, Tite Seal Leak Locks Plugs, Octagon base Drum Flanges & Auto Closure Systems.
Technocraft, a multi product and multi national group, that was established in 1972 by a group of technologists with the aim of manufacturing high precision and sophisticated products , mainly for discerning worldwide markets.
The Technocraft Group is promoted, managed and has grown under dynamic leadership and guidance of S K Saraf and S M Saraf, both graduates from Indian Institute of Technology.
Technocraft enjoys a significant position in five main business industries viz., Drum Closures, Pipes & Tubes, Engineering Services, Scaffolding systems & accessories and Cotton Yarn. Several products in computer software and information technology have been added recently.
The company is an ISO 9002 certified company having its head office in Mumbai (India) & overseas offices & warehouses in Manchester (UK), Lodz (Poland) & Budapest (Hungary); Chicago (USA) & New Orleans (USA).
Technocraft is now a government recognized Foreign Trading House due to its performance in foreign trade and managerial resources.
The Technocraft family consist of more than 3000 skilled workmen, technicians and technologists all working towards the common goal of giving the best quality product to it's customers, all over the world.
The manufacturing process is continuously updated with latest technology to yield higher productivity with improved quality product. Our manufacturing plants are located at five locations near Mumbai , India on a built up area of over 50,000 square meters.
The company launched a major export drive in 1977. It was recognised as an export house by government of India in 1979. The company won a number of awards for export excellence including te “Best Export Performance†by Prime Minister of India.
Technosoft Information technologies (India) Limited (subsidiary co) is registered with the Nasscom.
Different subsidiaries of the company
Indian Subsidiaries
- Technosoft Information technologies (I) Limited
- Techno Exports Private Limited
- Danube Fashions Limited
Foreign Subsidiaries
- Technocraft Trading Spolka, Z.O.O Poland
- Technocraft (Hungary) KFT
- Technocraft International Ltd
- Bopp A. G.
- CAE Systems GmbH
- Impact Engineering Solutions Inc.
- Technocraft Australia Pty. Ltd.
Product range
Today Technocraft is the second largest producer of Drum Closures in the world with a production of over 25 Million sets of Drum Closures annually.
- Tite-Seal Flanges and Plugs
- Tite-Seal Metal and Plastic Capseals
- Tite-Seal Gaskets
- Leak Lock System
- Tite-Seal S-insertion of Octagon Base Drum Flanges.
- Auto-Seal Closure System.
- Dies
- Clamps
Achievements/ milestones
2000 - Awarded the National Award for Export Excellence by Ministry of Commerce and Industry, Award Presented by then Prime Minister of India “Shri. Atal Bihari Vajpayee†2001 - Awarded Export Excellence Award for all steel products by Engineering Export Promotion Council – Maharashtra 2004 - Awarded 3 Star Export House Certificate 2004 - Achieved the Export Targets set by Government of India in the yarn Division under the Target Plus Scheme.
Milestones
- 1993 Set up of its first Foreign subsidiary in United Kingdom
- 1994 Merger of Technocraft Fabricators (Bombay) Limited and Eskiedee Metal Crafts Private Limited
- 1994 Acquisition of Maharashtra Steel Tubes Limited – Pipe Division
- 1997 Setting up of 100% EOU Yarn Unit
- 1998 Set up Subsidiary in Poland
- 2000 Set up Subsidiary in Hungary
- 2000 Awarded the National Award for Export Excellence by Ministry of Commerce andIndustry, Award Presented by then Prime Minister of India
- 2001 Awarded Export Excellence Award for all steel products by Engineering Export Promotion Council – Maharashtra
- 2003 Setting up of Subsidiary Company Danube Fashions Limited
- 2004 Awarded 3 Star Export House Certificate Achieved the Export Targets set by Government of India in the yarn Division under the target Plus Scheme
- 2005 Set up a Subsidiary in GermanyLaunched Haute Chilli Brand in IndiaAchieved the export targets set by Government of India in the yarn Division 2nd year straight
- 2006 Set up a Subsidiary in Australia
- 2006 – Filed DRHP with SEBI
- 2007 – Got listed on the Bombay Stock Exchange and the National Stock Exchange
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