One of the alcoholic beverage stocks engaged in the manufacturing and sale of Indian Made Foreign Liquor (IMFL). The stock has surged to an intraday high of 3.59 percent after a bulk deal of 0.94 percent stake bought by Societe Gererale from Bofa Securities Europe SA.
Stock movement:
In Tuesday’s trading session, Tilaknagar Industries Limited‘s share surged intraday high of 3.59 percent from the previous close of Rs. 345.70. The stock opened at Rs. 349.95 and is currently trading at Rs. 350, with a high of Rs. 358.10 and a low of Rs. 349.50. The market capitalization now stands at approximately Rs. 6,753.47 crore.
What’s the news:
According to the 19th November bulk deal data available with the NSE, Societe Gererale bought nearly 18.17 lakh equity shares (equivalent to a 0.94 percent stake) in Tilaknagar Industries Limited at an average price of Rs. 338.65 per share, resulting in a total transaction value of nearly Rs. 61.52 crore.
However, on the seller side, Bofa Securities Europe SA offloaded the same number of shares at the same average price of Rs. 338.65 per share.
As of September 2024 shareholding pattern, Bofa Securities Europe SA held nearly 26.63 lakh equity shares in the company, representing a 1.38 percent stake. Now it’s reduced stake to 0.44%. On the other hand, Societe Gererale has a stake of 1.83 as of September 2024 and now stands at 2.77%.
Strategic Plans:
Tilak Nagar Industries is expanding its brand portfolio with the launch of Mansion House Whisky in Assam’s semi-premium segment while strengthening Flandy’s market presence. The company’s CNB brand saw increased saliency from 33% to 38%. Strategically, the company is investing in Spaceman Spirits Lab (makers of Samsara Gin and Sitara Rum) and Round the Cocktails Pvt. Ltd. (Bartisans mixers).
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Products and Brands:
Tilaknagar Industries Limited offers a diverse range of alcoholic beverages, primarily focusing on Indian Made Foreign Liquor (IMFL). Its product portfolio includes several categories, such as brandy, whisky, rum, gin, and vodka.
Notable brands include Mansion House Brandy, which is a market leader, Senate Royale Whisky, and Madira Rum. The company also produces flavored variants like Mansion House Cherry Flandy and Blue Lagoon Gin, catering to varied consumer preferences.
Recent quarter results and ratios:
Tilaknagar Industries Limited’s revenue has increased from Rs. 354 crore in Q2 FY24 to Rs. 375 crore in Q2 FY25, which has grown by 5.93 percent YOY. The net profit of Tilaknagar Industries Limited has also grown by 56.76 percent, from Rs. 37 crore in Q2 FY24 to Rs. 58 crore in Q2 FY25.
Tilaknagar Industries Limited’s revenue and net profit have grown at a CAGR of 20.88 percent and -15.45 percent, respectively, over the last four years.
In terms of return ratios, the company’s ROCE and ROE should be 22.1 percent and 24.8 percent, respectively. The debt-to-equity ratio of the company is to be 0.13x, which shows the company is almost debt-free. Tilaknagar Industries Limited’s EPS is to be Rs. 9.
Company Overview:
Tilaknagar Industries Limited stands as a prominent alcoholic beverage manufacturer in India, focusing on IMFL production. The company operates through one owned facility and multiple subsidiaries across the country.
With the company’s expertise in crafting diverse liquor types, it maintains high production standards nationwide. Its global footprint extends to Asia, Africa, the Middle East, and Europe through strategic exports.
Written By – Nikhil Naik
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