| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 2,252 | 864 | +160.7% |
| EBITDA | 169 | 94.5 | +78.8% |
| EBITDA margin | 7.5% | 10.9% | −3.4 pts |
| Profit before tax | 31.5 | 88.6 | −64.5% |
| Net profit | 31.6 | 88.5 | −64.3% |
| EPS | ₹1.28 | ₹4.57 | −72.0% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 12,291 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 218 | 218 | 24.4 | 11.3 | 56.9 | ||
| 2,295 | 2,295 | 42.4 | 119 | 253 | ||
| 14,367 | — | — | — | — | ||
| 6,711 | 5,248 | 3,175 | 2,958 | 2,469 | ||
| — | +65.3% | +7.3% | +19.8% | — | ||
| 494 | 419 | 255 | 185 | 137 | ||
| 7.4% | 8.0% | 8.0% | 6.3% | 5.6% | ||
| 376 | 340 | 224 | 154 | 105 | ||
| −36.0 | 20.9 | 230 | 138 | 150 | ||
| −0.5% | 0.4% | 7.2% | 4.7% | 6.1% | ||
| −₹1.30 | ₹0.84 | ₹9.29 | ₹5.58 | ₹6.06 | ||
| — | −90.9% | +66.4% | −7.9% | — | ||
| — | −445 | 178 | 121 | 71.3 | ||
| — | −3,533 | −6.9 | −8.2 | −10.9 | ||
| −3,978 | −3,978 | 172 | 113 | 60.4 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 12,290.6 | |
| - Cash, Equiv & ST Investments | 56.9 | 11.3 | 24.4 | 218.2 | 218.2 | |
| + Total Debt | 253.1 | 119.3 | 42.4 | 2,294.9 | 2,294.9 | |
| Enterprise Value | — | — | — | — | 14,367.3 | |
| Revenue | 2,469.3 | 2,958.3 | 3,174.6 | 5,247.6 | 6,711.1 | |
| Growth %, YoY | — | +19.8 | +7.3 | +65.3 | — | |
| EBITDA | 137.2 | 185.4 | 254.9 | 419.2 | 493.7 | |
| Margin % | 5.56 | 6.27 | 8.03 | 7.99 | 7.36 | |
| EBIT | 104.8 | 153.6 | 224.4 | 339.5 | 375.8 | |
| Net Income | 149.9 | 138.0 | 229.6 | 20.9 | -36.0 | |
| Margin % | 6.07 | 4.67 | 7.23 | 0.40 | -0.54 | |
| EPS, Adj (current shares) | 6.06 | 5.58 | 9.29 | 0.84 | -1.30 | |
| Growth %, YoY | — | -7.9 | +66.4 | -90.9 | — | |
| Cash from Operations | 71.3 | 120.7 | 178.4 | -444.6 | — | |
| Capital Expenditures | -10.9 | -8.2 | -6.9 | -3,533.4 | — | |
| Free Cash Flow | 60.4 | 112.5 | 171.6 | -3,978.0 | -3,978.0 | |
Prices at the previous close · figures from the company's filings with NSE
Tilaknagar Industries (NSE: TI) had a market capitalisation of ₹12,306 crore at the previous close (₹497.25 a share) and a price-to-book ratio of 4.13. In FY26 its consolidated net profit attributable to shareholders was ₹20.9 crore on revenue of ₹5,248 crore; in Q1 FY27 (April–June 2026) it was ₹33 crore, down 62.7% year on year. Its debt-to-equity ratio was 0.77 on 31 March 2026. Promoters held 31.62% of the shares on 30 September 2026.
Tilaknagar Industries' PE ratio is not meaningful at the previous close: its consolidated net profit attributable to shareholders over the last four quarters (Q2 FY26 to Q1 FY27) was a loss of ₹32.1 crore, and a price-to-earnings ratio needs positive earnings. Its market capitalisation was ₹12,306 crore at ₹497.25 a share.
Tilaknagar Industries' price-to-book (PB) ratio is 4.13 at the previous close: a market capitalisation of ₹12,306 crore divided by shareholders' equity (book value) of ₹2,982 crore on 31 March 2026. That is a book value of ₹120.49 per share against a share price of ₹497.25.
In FY26, Tilaknagar Industries' return on equity (ROE) was 1.1% and its return on capital employed (ROCE) was 10.9%. ROE is net profit attributable to shareholders divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 29.9% and ROCE 26.0%.
Tilaknagar Industries' market capitalisation was ₹12,306 crore at the previous close: 24.75 crore shares at ₹497.25 each.
No. Tilaknagar Industries had borrowings of ₹2,295 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.77. Its cash and current investments were ₹360 crore, so its net debt was ₹1,935 crore.
In 2026, Tilaknagar Industries has declared one dividend: ₹1 with record date 15 September 2026.
Tilaknagar Industries' debt-to-equity ratio was 0.77 on 31 March 2026: borrowings of ₹2,295 crore against total equity of ₹2,982 crore. A year earlier, on 31 March 2025, it was 0.05.
Tilaknagar Industries' net worth — shareholders' equity in its consolidated balance sheet — was ₹2,982 crore on 31 March 2026, up 238.0% from ₹882 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹12,306 crore at the previous close.
Tilaknagar Industries' book value per share was ₹120.49 on 31 March 2026: shareholders' equity of ₹2,982 crore divided by the 24.75 crore shares in issue. The share price at the previous close was ₹497.25.
Tilaknagar Industries' basic earnings per share (EPS) were ₹0.97 in FY26, against ₹11.89 in FY25.
Promoters held 31.62% of Tilaknagar Industries on 30 September 2026, down 0.06 percentage points from 31.68% the previous quarter and down 5.58 percentage points from 37.20% a year earlier, according to the shareholding pattern filed with NSE.
Tilaknagar Industries will announce its Q2 FY27 results (July–September 2026) on Friday, 30 October 2026, the date of the board meeting it has notified to the exchanges.
On 30 September 2026, Tilaknagar Industries' shares were held by promoters 31.62%, foreign portfolio investors (FII/FPI) 17.29%, domestic institutions (DII) 8.14% (including mutual funds at 2.88%) and retail and other non-institutional investors 42.95%. Over the year, FII holding was down 2.15 percentage points from 19.44% and DII holding was up 4.33 percentage points from 3.81%.
In FY26, Tilaknagar Industries generated ₹445 crore of cash from operations and spent ₹3,533 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹3,978 crore. In FY25 it was ₹172 crore.
In FY26, Tilaknagar Industries earned net profit attributable to shareholders of ₹20.9 crore on revenue of ₹5,248 crore, against ₹1,838 crore on ₹27,816 crore for United Spirits. Tilaknagar Industries' operating margin was 6.5% (United Spirits 7.2%) and its return on equity 1.1% (United Spirits 21.6%).
Tilaknagar Industries' latest results are for Q1 FY27 (April–June 2026), filed on 27 July 2026: consolidated net profit attributable to shareholders ₹33 crore, down 62.7% from ₹88.5 crore in Q1 FY26; revenue from operations ₹2,252 crore, up 160.7% year on year.
In FY26 (April 2025–March 2026), Tilaknagar Industries' consolidated net profit attributable to shareholders was ₹20.9 crore, down 90.9% from ₹230 crore in FY25, on revenue from operations of ₹5,248 crore (up 65.3%). Over three years, from FY23, net profit was down 86.1%.
On FY26 consolidated figures, against United Spirits, Radico Khaitan and Triveni Engineering & Industries: Tilaknagar Industries' operating margin of 6.5% is the second highest of the four (United Spirits 7.2%, Radico Khaitan 4.1%, Triveni Engineering & Industries 5.3%; peer average 5.5%); its return on equity of 1.1% is the lowest of the four (United Spirits 21.6%, Radico Khaitan 19.9%, Triveni Engineering & Industries 8.3%; peer average 16.6%); its revenue growth over three years of 28.6% a year is the highest of the four (United Spirits 0.0% a year, Radico Khaitan 18.1% a year, Triveni Engineering & Industries 6.5% a year; peer average 8.2% a year).
From Tilaknagar Industries' own consolidated results, balance sheets and shareholding patterns filed with NSE. Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.