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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Tilaknagar Industries Ltd. is an alcoholic beverage company. The Company is primarily involved in the manufacturing and sale of Indian Made Foreign Liquor (IMFL) and its related products. The Company has a diverse portfolio of brands in various liquor categories, including…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A weak, stagnant business, priced for perfection — but flagged on governance.
Tilaknagar Industries is scored on the consumer / fmcg framework. It keeps a thin 0.9% of every rupee of sales as net profit. Cash conversion lags the reported profit (CFO/PAT -21.60×) — worth a closer look. Free cash flow is worth about -33.3% of its market value.
Over the last 3 years revenue compounded at 27%/yr and profit at -48%/yr. Book value itself has compounded 84%/yr — the hallmark of a genuine compounder. Return on equity is a weak 6.8%. In the latest quarter profit fell 29% versus the prior quarter.
At 496× earnings, the stock sits at the 100th percentile of its own 3.4-year range — the expensive end of where it has historically traded. The forensic screen raises 3 red flags: Only ₹-0.14 of cash per ₹1 profit over 4 years — earnings not converting to cash; 127% of pre-tax profit is other income, not operations; Share count up 24% over 4 years — heavy equity dilution.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | -181.23 | 20.89 | better |
| P/B | 3.99 | 5.25 | better |
| EV/EBITDA | 42.48 | 33.07 | worse |
| ROE | 6.84 | 8.84 | worse |
| ROCE | 8.2 | 9.08 | worse |
| ROA | -1.07 | 2.45 | worse |
| Quick Ratio | 2.04 | 1.01 | better |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| United Spirits | 55.7 | 11.4 | 20.4% |
| Radico Khaitan | 76.1 | 16.5 | 21.7% |
| United Breweries | 65.0 | 6.9 | 10.6% |
26% CAGR over 3 years — high-growth territory. Growth is accelerating — latest year outpaced the prior year's rate.
Revenue is outpacing profit (26% vs -48%) — costs are rising faster than the top line. The latest year saw a -91% swing — check if it's a one-off or structural.
Operating margin has compressed from 13% to 1% — costs or competition are eating into profitability.
ROE at 1% — modest; the capital isn't working hard. Capital efficiency declining — ROE down 30pp.
EPS dropped in the latest year despite possible profit changes — dilution or a profit dip could be at play. Profit grew faster than EPS (-48% vs -52%) — share dilution is eroding per-share value. -52% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
1 of 4 years had negative operating cash flow — profitability on paper may not translate to cash. Investing outflows exceed operating cash — the company relies on external funding to finance expansion.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue broadly flat QoQ — stable but not accelerating. Wide quarterly swings (40% spread) — likely seasonality, lumpy orders, or project-based revenue. Run-rate stepping up — recent quarters average 31% above earlier ones.
2 of 4 quarters loss-making — quarterly profitability is uneven. Profit fell 29% QoQ — one-quarter drops can be noise, but a pattern matters. Quarterly net margins are expanding (-17% → 2%) — profitability per rupee of revenue is improving.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.4y median.
Promoters at 31.6% — dispersed ownership; institutional flows drive the stock. Both FII and MF added last quarter — broad institutional confidence.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.