India's Richest People 2026 edition · 1 director · Source: Hurun India
- #590 Amit Dahanukar & family ₹5,700 Cr
Market Cap
₹12,664 Cr
TI · NSE
Share Price
₹491.15
-3.86% today
Revenue
₹2,346 Cr
FY 2025-26 · +63.6% YoY
EBITDA
₹187 Cr
Margin 8.0%
Net Profit
₹253 Cr
FY 2025-26 · +11.1% YoY
P/E (TTM)
56.6x
P/B 4.4x
Authorised capital
₹310 Cr
Registered with MCA
Paid-up capital
₹247.47 Cr
Issued & subscribed
About Tilaknagar Industries Limited
Data last updated:
Tilaknagar Industries Limited is a public limited company based in Shrirampur, Maharashtra, India. It operates in the alcoholic beverage manufacturing and distribution segment of the food and beverages sector. It was incorporated on 29 July 1933 and has been in existence for over 93 years.
Its director Amit Dahanukar and family are #590 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Pune, under CIN L15420PN1933PLC133303. Its GSTIN is 27AAACT6047R1ZP (Maharashtra). The company holds 4 GST registrations, of which 3 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 507205 and NSE: TI.
The company has an authorised share capital of ₹310 Cr and a paid-up capital of ₹247.47 Cr. It was formerly known as The Maharashtra Sugar Mills Limited. It is led by directors including Amit Dahanukar (Managing Director) and Ramachar Ramesh Chemangala (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at P.O. Tilaknagar Tal.Shrirampur Dist. Ahmednagar, Maharashtra, India – 413720.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹2,345.58 Cr, a growth of 63.6% compared to the previous year. For the same year it recorded a net profit of ₹252.83 Cr (net margin 10.8%) and EBITDA of ₹187.26 Cr (EBITDA margin 8%). The net worth stands at ₹2,981.71 Cr (up 238% YoY). Total assets are valued at ₹5,552.29 Cr (up 466.5% YoY).
The company has about 341 employees on its provident fund (EPFO) records. Its group structure includes 9 subsidiaries.
The company is associated with 1 brand: Tilaknagar Industries. As per MCA filings, the company has open charges of ₹2,684.5 Cr and satisfied charges of ₹2,866.91 Cr on record. Court records list 467 cases involving the company, including 237 filed by the company and 230 filed against it; 63 cases are pending. The company has 80 deals on record (65 market trades, 12 funding rounds, 2 qips), with disclosed funding of ₹2,662.8 Cr; the latest was in July 2025. Its 7 peer companies in the Food and Beverages industry (Alcoholic Beverages), with the same principal business activity (food, beverages and tobacco products) are compared by revenue, 2 larger and 5 smaller; the largest is Bajaj Hindusthan Sugar Limited with revenue of ₹5,592.79 Cr. The company has 82 MSME Form 1 returns on record between 2014 and 2024, listing 7,777 overdue payments to 110 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website tilind.com.
Company details
CIN L15420PN1933PLC133303
Registration Number 133303
Incorporation Date 29 July 1933
ROC Pune
Listing Status Listed - Listed on NSE (TI); Listed on BSE (507205)
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
CIN history
Tilaknagar Industries has one previous CIN (Corporate Identification Number): L15420MH1933PLC001992. The current CIN is L15420PN1933PLC133303, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L15420PN1933PLC133303 | Current |
| L15420MH1933PLC001992 | Previous |
Key People
Amit Dahanukar Managing Director Ramachar Ramesh Chemangala Whole-Time Director Shivani Amit Dahanukar Whole-Time Director Recognitions & Rankings of Tilaknagar Industries
Contact details
Tilaknagar Industries Limited's registered office is in Shrirampur, Maharashtra. Its website is tilind.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressP.O. Tilaknagar Tal.Shrirampur Dist. Ahmednagar, Maharashtra, India – 413720
- IndustryFood and Beverages, Alcoholic Beverage Manufacturing & Distribution
To see the full contact details of Tilaknagar Industries Limited, buy the company report.
Comprehensive company report
Tilaknagar Industries Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Secure checkout · GST invoice included
Brands
Tilaknagar Industries operates one associated brand: Tilaknagar Industries. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Brand of spirits | tilind.com |
Business activity
The main business activity of Tilaknagar Industries is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products |
To see the full business activity and turnover split of Tilaknagar Industries Limited, buy the company report.
Financials of Tilaknagar Industries Limited
FY 2025-26 filings availableTilaknagar Industries Limited reported revenue of ₹2,345.58 Cr (up 63.6% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹2,346 Cr
+63.6% YoY
EBITDA
₹187 Cr
-26.5% YoY
Profit After Tax
₹253 Cr
+11.1% YoY
Net Worth
₹2,982 Cr
+238.0% YoY
Total Assets
₹5,552 Cr
+466.5% YoY
Total Debt
₹2,301 Cr
+5108.7% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 2,346 | 1,434 | 1,415 | 1,181 | 797 | 556 | 664 |
| Revenue growth | +63.6% | +1.3% | +19.9% | +48.2% | +43.4% | -16.3% | - |
| EBITDA | 187 | 255 | 182 | 137 | 112 | 54.11 | (51.94) |
| EBITDA margin | +8.0% | +17.8% | +12.9% | +11.6% | +14.1% | +9.7% | -7.8% |
| Profit before tax | 20.57 | 230 | 138 | 150 | 41.19 | (38.56) | 271 |
| Net profit | 253 | 228 | 140 | 71.11 | 31.64 | (38.27) | (186) |
| Net profit margin | +10.8% | +15.9% | +9.9% | +6.0% | +4.0% | -6.9% | -27.9% |
| EPS (₹) | 0.96 | 11.86 | 7.16 | 8.09 | 2.85 | (3.06) | 21.56 |
| Balance sheet | |||||||
| Total assets | 5,552 | 980 | 834 | 807 | 778 | 742 | 813 |
| Net worth | 2,982 | 882 | 654 | 483 | 134 | (55.72) | (17.38) |
| Total debt | 2,301 | 44.18 | 121 | 256 | 585 | 702 | 579 |
| Cash & bank | 360 | 103 | 41.80 | 44.17 | 70.62 | 48.11 | 39.71 |
| Net working capital | 1,583 | 504 | 388 | 325 | 185 | 70.53 | 107 |
| Cash flow | |||||||
| Cash from operations | (445) | 178 | 121 | 71.29 | 65.11 | 85.47 | 191 |
| Cash from investing | (3,570) | (76.93) | (16.50) | (11.77) | (25.89) | (0.32) | 4.64 |
| Cash from financing | 4,217 | (94.41) | (129) | (67.45) | (41.34) | (77.62) | (208) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,046 | 949 | 623 | 398 | 409 | 384 | 340 | 375 |
| Revenue growth (YoY) | +155.7% | +147.5% | +82.9% | +6.2% | +30.7% | - | - | - |
| Other income | 4.54 | 7.01 | 12.67 | 2.15 | 4.26 | 8.45 | 3.93 | 3.35 |
| EBITDA | 139 | 92.03 | (59.42) | 60.20 | 94.46 | 78.42 | 60.35 | 65.98 |
| EBITDA margin | +13.3% | +9.7% | -9.5% | +15.1% | +23.1% | +20.4% | +17.7% | +17.6% |
| Depreciation | 45.49 | 45.52 | 19.56 | 7.34 | 7.29 | 7.26 | 7.77 | 7.75 |
| Interest | 66.36 | 68.91 | 39.25 | 2.10 | 2.81 | 2.29 | 2.36 | 3.35 |
| Profit before tax | 31.50 | (15.39) | (106) | 52.91 | 88.62 | 77.32 | 54.15 | 58.23 |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | (0.01) | 0.00 | 0.00 |
| Net profit | 31.50 | (15.39) | (106) | 52.91 | 88.62 | 77.33 | 54.15 | 58.23 |
| EPS (₹) | 1.27 | (0.60) | (4.67) | 2.69 | 4.54 | 3.98 | 2.77 | 2.99 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 2,346 | 1,434 | 1,394 | 1,181 | 797 | 556 | 660 |
| Revenue growth | +63.6% | +2.9% | +18.1% | +48.2% | +43.4% | -15.8% | - |
| EBITDA | 187 | 254 | 184 | 134 | 104 | 55.88 | (8.78) |
| EBITDA margin | +8.0% | +17.7% | +13.2% | +11.3% | +13.1% | +10.1% | -1.3% |
| Profit before tax | 20.55 | 239 | 146 | 166 | 25.08 | (29.23) | 309 |
| Net profit | 253 | 227 | 145 | 67.90 | 28.74 | (28.67) | (147) |
| Net profit margin | +10.8% | +15.9% | +10.4% | +5.8% | +3.6% | -5.2% | -22.3% |
| EPS (₹) | 0.95 | 12.37 | 7.56 | 8.95 | 1.83 | (2.30) | 24.61 |
| Balance sheet | |||||||
| Total assets | 5,570 | 998 | 843 | 807 | 763 | 705 | 762 |
| Net worth | 3,002 | 903 | 664 | 486 | 121 | (52.37) | (23.75) |
| Total debt | 2,300 | 43.04 | 120 | 254 | 584 | 663 | 535 |
| Cash & bank | 359 | 102 | 36.96 | 42.03 | 62.93 | 14.75 | 12.11 |
| Net working capital | 1,635 | 510 | 392 | 327 | 229 | 109 | 134 |
| Cash flow | |||||||
| Cash from operations | (442) | 176 | 114 | 84.30 | 77.74 | 71.55 | 208 |
| Cash from investing | (3,573) | (74.69) | (10.80) | (19.29) | (42.75) | (0.34) | 0.30 |
| Cash from financing | 4,217 | (94.41) | (129) | (67.45) | (12.44) | (69.31) | (208) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,046 | 949 | 623 | 398 | 409 | 384 | 340 | 375 |
| Revenue growth (YoY) | +155.7% | +147.5% | +82.9% | +6.2% | +30.7% | - | - | - |
| Other income | 5.55 | 4.45 | 13.49 | 2.72 | 4.35 | 18.21 | 4.02 | 2.86 |
| Total expenses | 907 | 857 | 682 | 339 | 315 | 306 | 280 | 309 |
| EBITDA | 139 | 92.68 | (59.48) | 59.63 | 93.80 | 77.93 | 60.15 | 65.47 |
| EBITDA margin | +13.3% | +9.8% | -9.6% | +15.0% | +22.9% | +20.3% | +17.7% | +17.5% |
| Depreciation | 45.05 | 45.11 | 19.14 | 6.92 | 6.87 | 6.85 | 7.36 | 7.35 |
| Interest | 66.36 | 68.91 | 39.25 | 2.10 | 2.81 | 2.29 | 2.36 | 3.35 |
| Profit before tax | 33.33 | (16.89) | (104) | 53.33 | 88.47 | 87.00 | 54.45 | 57.63 |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | (0.01) | 0.00 | 0.00 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 23 Oct 2026
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,046 | 949 | 623 | 398 | 409 | 384 | 340 | 375 |
| Revenue growth (YoY) | +155.7% | +147.5% | +82.9% | +6.2% | +30.7% | - | - | - |
| Other income | 4.54 | 7.01 | 12.67 | 2.15 | 4.26 | 8.45 | 3.93 | 3.35 |
| EBITDA | 139 | 92.03 | (59.42) | 60.20 | 94.46 | 78.42 | 60.35 | 65.98 |
| EBITDA margin | +13.3% | +9.7% | -9.5% | +15.1% | +23.1% | +20.4% | +17.7% | +17.6% |
| Depreciation | 45.49 | 45.52 | 19.56 | 7.34 | 7.29 | 7.26 | 7.77 | 7.75 |
| Interest | 66.36 | 68.91 | 39.25 | 2.10 | 2.81 | 2.29 | 2.36 | 3.35 |
| Profit before tax | 31.50 | (15.39) | (106) | 52.91 | 88.62 | 77.32 | 54.15 | 58.23 |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | (0.01) | 0.00 | 0.00 |
| Net profit | 31.50 | (15.39) | (106) | 52.91 | 88.62 | 77.33 | 54.15 | 58.23 |
| EPS (₹) | 1.27 | (0.60) | (4.67) | 2.69 | 4.54 | 3.98 | 2.77 | 2.99 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 2,346 | 1,434 | 1,415 | 1,181 | 797 | 556 | 664 |
| Revenue growth | +63.6% | +1.3% | +19.9% | +48.2% | +43.4% | -16.3% | - |
| Other income | 26.08 | 17.57 | 14.14 | 85.24 | 23.68 | 11.42 | 485 |
| Total expenses | 2,158 | 1,179 | 1,233 | 1,044 | 685 | 502 | 716 |
| Employee cost | 0.00 | 54.95 | 46.84 | 37.59 | 32.09 | 25.16 | 29.60 |
| EBITDA | 187 | 255 | 182 | 137 | 112 | 54.11 | (51.94) |
| EBITDA margin | +8.0% | +17.8% | +12.9% | +11.6% | +14.1% | +9.7% | -7.8% |
| Depreciation | 79.71 | 30.51 | 31.89 | 32.35 | 32.74 | 33.12 | 32.98 |
| Interest | 113 | 12.16 | 26.74 | 40.19 | 61.87 | 70.97 | 129 |
| Profit before tax | 20.57 | 230 | 138 | 150 | 41.19 | (38.56) | 271 |
| Tax | 0.00 | (0.01) | 0.00 | (0.01) | (4.00) | (0.18) | 1.54 |
| Net profit | 253 | 228 | 140 | 71.11 | 31.64 | (38.27) | (186) |
| Net profit margin | +10.8% | +15.9% | +9.9% | +6.0% | +4.0% | -6.9% | -27.9% |
| EPS (₹) | 0.96 | 11.86 | 7.16 | 8.09 | 2.85 | (3.06) | 21.56 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 247 | 194 | 193 | 185 | 159 | 125 | 125 |
| Reserves & surplus | 2,667 | 689 | 461 | 289 | (37.36) | (181) | (143) |
| Shareholders' funds (net worth) | 2,982 | 882 | 654 | 483 | 134 | (55.72) | (17.38) |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 2,270 | 0.37 | 66.42 | 187 | 394 | 510 | 478 |
| Unsecured loans | 31.09 | 43.81 | 55.02 | 68.35 | 191 | 193 | 100 |
| Total debt | 2,301 | 44.18 | 121 | 256 | 585 | 702 | 579 |
| Total liabilities | 5,552 | 980 | 834 | 807 | 778 | 742 | 813 |
| Assets | |||||||
| Gross block | 4,345 | 863 | 860 | 852 | 839 | 836 | 837 |
| Net block | 3,772 | 370 | 396 | 420 | 439 | 469 | 502 |
| Capital work in progress | 60.26 | 3.41 | 0.28 | 0.11 | 100 | 100 | 100 |
| Investments | 32.32 | 29.97 | 11.78 | 22.61 | 0.04 | 0.04 | 0.04 |
| Inventories | 402 | 165 | 101 | 116 | 72.32 | 72.08 | 60.10 |
| Sundry debtors | 1,272 | 411 | 418 | 339 | 237 | 181 | 243 |
| Cash & bank balances | 360 | 103 | 41.80 | 44.17 | 70.62 | 48.11 | 39.71 |
| Loans & advances | 156 | 58.03 | 26.41 | 30.22 | 40.32 | 38.94 | 30.07 |
| Total current assets | 2,190 | 737 | 588 | 529 | 420 | 340 | 373 |
| Total current liabilities | 608 | 233 | 199 | 205 | 235 | 270 | 267 |
| Net working capital | 1,583 | 504 | 388 | 325 | 185 | 70.53 | 107 |
| Total assets | 5,552 | 980 | 834 | 807 | 778 | 742 | 813 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 15.74 | 8.65 | 34.81 | 42.74 | 44.86 | 37.34 | 50.17 |
| Net cash from operating activities | (445) | 178 | 121 | 71.29 | 65.11 | 85.47 | 191 |
| Net cash from investing activities | (3,570) | (76.93) | (16.50) | (11.77) | (25.89) | (0.32) | 4.64 |
| Net cash from financing activities | 4,217 | (94.41) | (129) | (67.45) | (41.34) | (77.62) | (208) |
| Net change in cash | 202 | 7.09 | (24.50) | (7.93) | (2.12) | 7.53 | (12.83) |
| Closing cash | 360 | 103 | 41.80 | 44.17 | 70.62 | 48.11 | 39.71 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +63.6% | +1.3% | +19.9% | +48.2% | +43.4% | -16.3% | - |
| EBITDA growth | -26.5% | +39.7% | +33.0% | +22.4% | +107.2% | +204.2% | - |
| PBT growth | -91.1% | +66.5% | -7.9% | +263.9% | +9998.0% | - | +9998.0% |
| Net income growth | +11.1% | +62.8% | +96.5% | +124.8% | +182.7% | +79.4% | - |
| Revenue CAGR (3Y) | +25.7% | +21.7% | +36.6% | +21.2% | +6.4% | -1.3% | +8.8% |
| EBITDA CAGR (3Y) | +10.9% | +31.5% | +50.0% | - | +25.9% | +165.5% | -18.7% |
| Profitability & leverage | |||||||
| Net income margin | +0.9% | +16.0% | +9.8% | +12.7% | +5.7% | -6.9% | +40.6% |
| Return on capital employed | - | +25.6% | +17.1% | +10.4% | +9.6% | 0.0% | -5.2% |
| Return on net worth | - | +28.5% | +19.5% | +12.1% | +14.6% | 0.0% | -655.8% |
| Debt / equity | - | 0.11 | 0.33 | 1.36 | 16.55 | 0.00 | 0.00 |
| Long-term debt / equity | - | 0.05 | 0.08 | 0.66 | 10.80 | 0.00 | 0.00 |
| Interest cover | 105.12 | 5.42 | 17.75 | 38.34 | 77.94 | 338.11 | -151.83 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 3.68 | 3.48 | 2.94 | 2.15 | 1.70 | 1.77 |
| Inventory turnover | - | 23.86 | 27.46 | 26.37 | 25.01 | 21.57 | 18.93 |
| Debtors turnover | - | 7.66 | 7.87 | 8.64 | 8.64 | 6.72 | 6.17 |
| EPS (₹) | 0.96 | 11.86 | 7.16 | 8.09 | 2.85 | (3.06) | 21.56 |
| Dividend per share (₹) | 1.00 | 1.00 | 0.50 | 0.25 | 0.10 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 45.56 | 33.93 | 25.58 | 7.64 | (4.44) | (1.39) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,046 | 949 | 623 | 398 | 409 | 384 | 340 | 375 |
| Revenue growth (YoY) | +155.7% | +147.5% | +82.9% | +6.2% | +30.7% | - | - | - |
| Other income | 5.55 | 4.45 | 13.49 | 2.72 | 4.35 | 18.21 | 4.02 | 2.86 |
| Total expenses | 907 | 857 | 682 | 339 | 315 | 306 | 280 | 309 |
| EBITDA | 139 | 92.68 | (59.48) | 59.63 | 93.80 | 77.93 | 60.15 | 65.47 |
| EBITDA margin | +13.3% | +9.8% | -9.6% | +15.0% | +22.9% | +20.3% | +17.7% | +17.5% |
| Depreciation | 45.05 | 45.11 | 19.14 | 6.92 | 6.87 | 6.85 | 7.36 | 7.35 |
| Interest | 66.36 | 68.91 | 39.25 | 2.10 | 2.81 | 2.29 | 2.36 | 3.35 |
| Profit before tax | 33.33 | (16.89) | (104) | 53.33 | 88.47 | 87.00 | 54.45 | 57.63 |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | (0.01) | 0.00 | 0.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 2,346 | 1,434 | 1,394 | 1,181 | 797 | 556 | 660 |
| Revenue growth | +63.6% | +2.9% | +18.1% | +48.2% | +43.4% | -15.8% | - |
| Other income | 25.02 | 26.96 | 18.81 | 103 | 9.60 | 11.70 | 474 |
| Total expenses | 2,159 | 1,181 | 1,210 | 1,047 | 692 | 500 | 669 |
| Employee cost | 0.00 | 51.44 | 43.81 | 33.43 | 20.79 | 15.55 | 18.98 |
| EBITDA | 187 | 254 | 184 | 134 | 104 | 55.88 | (8.78) |
| EBITDA margin | +8.0% | +17.7% | +13.2% | +11.3% | +13.1% | +10.1% | -1.3% |
| Depreciation | 78.04 | 28.89 | 30.36 | 30.84 | 31.17 | 31.41 | 31.19 |
| Interest | 113 | 12.16 | 26.74 | 40.19 | 57.76 | 65.40 | 125 |
| Profit before tax | 20.55 | 239 | 146 | 166 | 25.08 | (29.23) | 309 |
| Tax | 0.00 | (0.01) | 0.00 | (0.01) | (4.00) | (0.46) | 0.85 |
| Net profit | 253 | 227 | 145 | 67.90 | 28.74 | (28.67) | (147) |
| Net profit margin | +10.8% | +15.9% | +10.4% | +5.8% | +3.6% | -5.2% | -22.3% |
| EPS (₹) | 0.95 | 12.37 | 7.56 | 8.95 | 1.83 | (2.30) | 24.61 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 247 | 194 | 193 | 185 | 159 | 125 | 125 |
| Reserves & surplus | 2,687 | 709 | 472 | 291 | (50.10) | (178) | (149) |
| Shareholders' funds (net worth) | 3,002 | 903 | 664 | 486 | 121 | (52.37) | (23.75) |
| Secured loans | 2,270 | 0.37 | 66.42 | 187 | 394 | 472 | 453 |
| Unsecured loans | 29.95 | 42.67 | 53.88 | 67.21 | 190 | 192 | 81.60 |
| Total debt | 2,300 | 43.04 | 120 | 254 | 584 | 663 | 535 |
| Total liabilities | 5,570 | 998 | 843 | 807 | 763 | 705 | 762 |
| Assets | |||||||
| Gross block | 4,304 | 823 | 820 | 814 | 802 | 799 | 800 |
| Net block | 3,757 | 354 | 380 | 403 | 422 | 450 | 481 |
| Capital work in progress | 16.50 | 3.41 | 0.28 | 0.11 | 0.00 | 0.00 | 0.00 |
| Investments | 63.40 | 61.33 | 32.92 | 43.75 | 63.64 | 47.64 | 47.64 |
| Inventories | 402 | 165 | 101 | 116 | 71.64 | 71.40 | 59.42 |
| Sundry debtors | 1,272 | 411 | 418 | 333 | 231 | 175 | 237 |
| Cash & bank balances | 359 | 102 | 36.96 | 42.03 | 62.93 | 14.75 | 12.11 |
| Loans & advances | 206 | 64.12 | 33.21 | 33.57 | 83.44 | 97.75 | 74.59 |
| Total current assets | 2,239 | 741 | 590 | 524 | 449 | 359 | 383 |
| Total current liabilities | 604 | 231 | 197 | 197 | 220 | 250 | 249 |
| Net working capital | 1,635 | 510 | 392 | 327 | 229 | 109 | 134 |
| Total assets | 5,570 | 998 | 843 | 807 | 763 | 705 | 762 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 15.09 | 7.68 | 33.07 | 35.50 | 12.89 | 11.00 | 10.98 |
| Net cash from operating activities | (442) | 176 | 114 | 84.30 | 77.74 | 71.55 | 208 |
| Net cash from investing activities | (3,573) | (74.69) | (10.80) | (19.29) | (42.75) | (0.34) | 0.30 |
| Net cash from financing activities | 4,217 | (94.41) | (129) | (67.45) | (12.44) | (69.31) | (208) |
| Net change in cash | 202 | 7.41 | (25.39) | (2.43) | 22.56 | 1.89 | 0.02 |
| Closing cash | 217 | 102 | 36.96 | 42.03 | 62.93 | 14.75 | 12.11 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +63.6% | +2.9% | +18.1% | +48.2% | +43.4% | -15.8% | - |
| EBITDA growth | -26.4% | +37.8% | +37.8% | +28.0% | +86.9% | +736.5% | - |
| PBT growth | -91.4% | +64.3% | -12.1% | +561.2% | +9998.0% | - | +9998.0% |
| Net income growth | +11.1% | +57.0% | +113.2% | +136.3% | +200.2% | +80.5% | - |
| Revenue CAGR (3Y) | +25.7% | +21.7% | +35.9% | +21.4% | +17.7% | +21.8% | +20.1% |
| EBITDA CAGR (3Y) | +11.8% | +34.4% | +48.8% | - | +26.0% | - | -54.0% |
| Profitability & leverage | |||||||
| Net income margin | +0.9% | +16.7% | +10.5% | +14.0% | +3.7% | -5.2% | +46.7% |
| Return on capital employed | - | +26.6% | +18.2% | +10.2% | +9.1% | 0.0% | -2.2% |
| Return on net worth | - | +29.6% | +20.9% | +11.8% | +13.7% | 0.0% | - |
| Debt / equity | - | 0.10 | 0.33 | 1.38 | 18.24 | 0.00 | 0.00 |
| Long-term debt / equity | - | 0.05 | 0.08 | 0.67 | 12.28 | 0.00 | 0.00 |
| Interest cover | 104.12 | 5.41 | 17.40 | 39.11 | 78.86 | 267.27 | -312.93 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 3.86 | 3.62 | 3.08 | 2.26 | 1.78 | 1.87 |
| Inventory turnover | - | 23.86 | 27.26 | 26.46 | 25.24 | 21.79 | 22.09 |
| Debtors turnover | - | 7.66 | 7.88 | 8.83 | 8.91 | 6.92 | 7.20 |
| EPS (₹) | 0.95 | 12.37 | 7.56 | 8.95 | 1.83 | (2.30) | 24.61 |
| Dividend per share (₹) | 1.00 | 1.00 | 0.50 | 0.25 | 0.10 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 46.62 | 34.47 | 25.73 | 6.84 | (4.17) | (1.90) |
To see the full year-wise statements and ratios of Tilaknagar Industries Limited, buy the company report.
Board of directors of Tilaknagar Industries Limited
Tilaknagar Industries has 8 current directors and 22 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Aparna Chaturvedi Praveen Also directs: Deepak Fasteners Limited, Ask Trustee Private Limited, Runwal Enterprises Limited and 1 more | Director | 31 Jul 2020 | 6 Years 2 Months | Current |
| Dilawar Singh | Director | 31 Oct 2018 | 7 Years 11 Months | Current |
| Amit Dahanukar Also directs: M L Dahanukar and Company Pvt Ltd, Maharashtra Sugar Mills Private Limited, Magicase Enterprises Private Limited and 5 more | Managing Director | 07 Nov 2009 | 16 Years 11 Months | Current |
| Swapna Vinodchandra Shah | Director | 31 Jul 2020 | 6 Years 2 Months | Current |
| Ramachar Ramesh Chemangala Also directs: Grain & Grape Works Private Limited | Whole-Time Director | 29 Dec 2020 | 5 Years 9 Months | Current |
| Shivani Amit Dahanukar Also directs: M L Dahanukar and Company Pvt Ltd, Maharashtra Sugar Mills Private Limited, Magicase Enterprises Private Limited and 5 more | Whole-Time Director | 28 Sep 2006 | 20 Years 0 Months | Current |
Showing 6 of 8 current directors. View all directors
Peer comparison
Tilaknagar Industries Limited is compared with the 7 companies closest to it by revenue in the Food and Beverages industry (Alcoholic Beverages), with the same principal business activity (food, beverages and tobacco products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Bajaj Hindusthan Sugar Limited | ₹5,592.79 Cr (FY 2025) | -9.0% | Lakhimpur Kheri, Uttar Pradesh, India | |||
| Globus Spirits Limited | ₹3,529.04 Cr (FY 2025) | 12.0% | New Delhi, Delhi, India | |||
| BCL Industries Limited | ₹2,918.65 Cr (FY 2025) | 32.0% | Bathinda, Punjab, India | |||
| Chandigarh Distillers and Bottlers Limited | ₹2,783.62 Cr (FY 2025) | 90.0% | S A S Nagar, Punjab, India | |||
| Avadh Sugar & Energy Limited | ₹2,639.4 Cr (FY 2025) | -2.0% | Sitapur, Uttar Pradesh, India | |||
| G M Breweries Limited | ₹2,551.79 Cr (FY 2025) | 2.0% | Mumbai, Maharashtra, India | |||
| Som Distilleries and Breweries Limited | ₹2,470.01 Cr (FY 2024) | 65.0% | Kamal Cinma Road, New Delhi, Delhi, India | |||
| Tilaknagar Industries Limitedthis company | ₹2,345.58 Cr (FY 2026) | ₹252.83 Cr | 10.8% | 63.6% | 341 | Shrirampur, Maharashtra, India |
To see the full peer comparison of Tilaknagar Industries Limited, buy the company report.
Auditor
Tilaknagar Industries Limited is audited by Harshil Shah & Company for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Harshil Shah & Company | FY 2023 | 141179W |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 31.70%, foreign institutional investors hold 16.90%, domestic institutional investors hold 6.30% and retail and other public shareholders hold 45.20%.
Sep 2026
QUARTER
31.70% Promoters
6.30% DII (Domestic Institutional)
16.90% FII (Foreign Institutional)
45.20% Retail & Others
Promoter holding - history
Now 31.70% · Sep 2026High 37.20% · Dec 2025Low 31.70% · Mar 2026
Shareholding trend - last 6 quarters
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 31.70% | 31.70% | 31.70% | 37.20% |
| Public | 68.30% | 68.30% | 68.30% | 62.80% |
Charges & borrowings
Open charges
₹2,684.5 Cr
Satisfied charges
₹2,866.91 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Dec 2025 | 101218475 | Others | ₹445 Cr | Open | |
| 20 Nov 2025 | 101199500 | Others | ₹2,100 Cr | Open | |
| 10 Jan 2025 | 101067227 | Others | ₹100 Cr | Open | |
| 21 Jun 2024 | 100948513 | Others | ₹50.11 Lakh | Open | |
| 30 Aug 2014 | 10520768 | Idbi Bank Limited | ₹39 Cr | Open |
To see the full charge records of Tilaknagar Industries Limited, buy the company report.
Total charge records: 62 View all charges
Deals & funding
Tilaknagar Industries Limited has 80 deals on record (65 market trades, 12 funding rounds, 2 qips), with disclosed funding of ₹2,662.8 Cr; the latest was in July 2025.
Total deals
80
Market trades
65
Funding rounds
12
QIPs
2
Secondary share transfer
1
Disclosed funding
₹2,662.8 Cr
Deals on record (5 of 80)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2025 | Market trade | ₹73.69 Cr | Buyer: Hrti Private Limited Seller: Hrti Private Limited |
| Jul 2025 | Market trade | ₹45.79 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Jul 2025 | Market trade | ₹107.27 Cr | Buyer: Hrti Private Limited , Graviton Research Capital LLP Seller: Hrti Private Limited , Graviton Research Capital LLP |
| Jul 2025 | Market trade | ₹197.25 Cr | Buyer: Graviton Research Capital LLP , Hrti Private Limited , Qe Securities LLP Seller: Graviton Research Capital LLP , Hrti Private Limited , Qe Securities LLP |
| Jul 2025 | Market trade | ₹39.86 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
To see the full deal history of Tilaknagar Industries Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Tilaknagar Industries Limited has 467 court cases on record: 237 filed by Tilaknagar Industries, 230 filed against it. 63 cases are pending and 404 are disposed.
Total cases
467
Filed by the company
237
Filed against the company
230
Pending
63
Disposed
404
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 305 | 146 | 42 |
| District courts | 148 | 75 | 19 |
| Supreme Court | 9 | 5 | 0 |
| NCLAT | 4 | 4 | 2 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 467)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed against the company by Karnataka State Marketing Communication and Advertising Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed against the company by Anupama Distributors Private Limited | Pending |
| NCLAT, NCLAT Chennai | Court case (Contempt Case(AT)) | Filed against the company by Ravikumar Distilleries Limited and 1 other | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.EX.) | Filed by the company against Mason and Summers Alcobev Pvt Ltd and 1 other | Pending |
| NCLAT, NCLAT Chennai | Company appeal | Filed against the company by Ravi Kumar Distilleries Limited and 1 other | Pending |
To see the full case history of Tilaknagar Industries Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Tilaknagar Industries Limited has 82 MSME Form 1 returns on record between 2014 and 2024, listing 7,777 overdue payments to 110 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 110)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Autofits Packaging Private Limited | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Tilaknagar Industries Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Tilaknagar Industries has 9 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
9
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Srirampur Grains Private Limited | U01300PN2008PTC144177 | |
| Mason and Summers Marketing Service Private Limited | U01551KA2005PTC036347 | |
| Shivprabha Sugars Limited | U15424PN2006PLC129391 | |
| Kesarval Springs Distillers Private Limited | U15511PN1993PTC140561 | |
| Prag Distillery Private Limited | U15512PN2005PTC133636 | |
| Punjabexpo Breweries Private Limited | U15531PN1997PTC143390 |
To see the full group structure of Tilaknagar Industries Limited, buy the company report.
Employees & EPFO
Tilaknagar Industries Limited has a workforce of 341 employees on its EPFO records as of Apr 06, 2024, across 2 active EPFO establishments.
Employee count
341
Active EPFO establishments
2
Employee growth
7.23%
GST
Tilaknagar Industries has 4 GST registrations: 3 active and 1 cancelled or inactive.
Total GSTINs
4
Active
3
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACT6047R1ZP | Maharashtra | Active | 01 Jul 2017 |
| 27AAACT6047R2ZO | Maharashtra | Active | 01 Nov 2021 |
| 18AAACT6047R1ZO | Assam | Active | 13 Sep 2023 |
To see the full GST registrations and return filing status of Tilaknagar Industries Limited, buy the company report.
Recent activity
Tilaknagar Industries Limited has 42 board changes on record since 1970: 26 appointments and 16 cessations. The latest: Jenamejayan Kamalam Shivan was appointed as Additional Director on 13 Nov 2025.
Charges
A charge with Others of Rs. 445.00 Cr registered on 22 Dec 2025 with Charge ID 101218475 was modified on 06 Apr 2026.
Filing
Tilaknagar Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Pune.
Charges
A charge with Others amounted to Rs. 445.00 Cr with Charge ID 101218475 was registered on 22 Dec 2025.
Charges
A charge with Others amounted to Rs. 2,100.00 Cr with Charge ID 101199500 was registered on 20 Nov 2025.
Appointed
Jenamejayan Kamalam Shivan was appointed as Additional Director.
AGM
Tilaknagar Industries Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge registered on 25 Jul 2023 via Charge ID 100771816 with Others was fully satisfied on 29 Apr 2025.
Charges
A charge with Others amounted to Rs. 100.00 Cr with Charge ID 101067227 was registered on 10 Jan 2025.
Charges
A charge registered on 01 Sep 2017 via Charge ID 100123569 with Others was fully satisfied on 09 Dec 2024.
Charges
A charge with Others of Rs. 163.53 Cr registered on 25 Jul 2023 with Charge ID 100771816 was modified on 28 Sep 2024.
Charges
A charge with Others amounted to Rs. 0.50 Cr with Charge ID 100948513 was registered on 21 Jun 2024.
Ceased
Chanderbhan Verhomal Bijlani ceased to be Director.
187 earlier events are in the company report.
News
Tilaknagar Industries: CFO Rajesh Choudhary Resigns For New Opportunities; Anil Singal Takes Over As Senior Management To Manage Finance And Accounts.
Tilaknagar Industries: To Hold Meetings With Various Analysts And Investors On September 21.
Tilaknagar Industries: Completes Initial ₹6 Crore Investment In Black Tiger Distilleries, Now Owning About 12.5% Stake
Frequently asked questions
Tilaknagar Industries is an active public limited company based in Shrirampur, Maharashtra, India. The company works in alcoholic beverage manufacturing and distribution, within the food and beverages industry. It was incorporated on 29 July 1933 (93+ years old) and is registered under CIN L15420PN1933PLC133303. Listed on BSE: 507205 and NSE: TI.
Tilaknagar Industries reported revenue of ₹2,345.58 Cr for FY 2025-26 (up 63.6% YoY) based on consolidated financials.
Tilaknagar Industries has 8 current directors:
- Amit Dahanukar - Managing Director
- Ramachar Ramesh Chemangala - Whole-Time Director
- Shivani Amit Dahanukar - Whole-Time Director
- Aparna Chaturvedi Praveen - Director
- Dilawar Singh - Director
- Swapna Vinodchandra Shah - Director
- Satish Chand Mathur - Director
- Jenamejayan Kamalam Shivan - Additional Director
The latest financial statements of Tilaknagar Industries on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Tilaknagar Industries is 27AAACT6047R1ZP, registered in Maharashtra. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 27AAACT6047R2ZO (Maharashtra), 18AAACT6047R1ZO (Assam).
The CIN (Corporate Identification Number) of Tilaknagar Industries is L15420PN1933PLC133303. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Tilaknagar Industries is a listed company as per MCA records. Its shares are listed on both BSE (code: 507205) and NSE (symbol: TI).
Tilaknagar Industries has 467 court cases on record: 237 filed by the company and 230 filed against it. 63 are pending. Most are in the high courts.
Tilaknagar Industries was incorporated on 29 July 1933, making it 93+ years old. It is registered with the Registrar of Companies, Pune.
Tilaknagar Industries has 80 deals on record (65 market trades, 12 funding rounds, 2 qips), with disclosed funding of ₹2,662.8 Cr; the latest was in July 2025.
The peers of Tilaknagar Industries by revenue are Bajaj Hindusthan Sugar Limited, Globus Spirits Limited, BCL Industries Limited, Chandigarh Distillers and Bottlers Limited, Avadh Sugar & Energy Limited and 2 more, all in the Food and Beverages industry (Alcoholic Beverages), with the same principal business activity (food, beverages and tobacco products).
Jenamejayan Kamalam Shivan was appointed as Additional Director on 13 Nov 2025. Chanderbhan Verhomal Bijlani ceased to be Director on 31 Mar 2024. Ravindra Dinkar Bapat ceased to be Director on 31 Mar 2024. Tilaknagar Industries has 42 board changes on record in total.