Alcohol stock primarily involved in the manufacturing and sale of Indian-made foreign liquor, extra-neutral alcohol, and many more slumps upto 4 percent in the day’s trade after FII BOFA Securities sells stake in it worth ~Rs. 12 Crores.
Price Action
With a market capitalization of Rs. 5,604.42 Crores, the shares of Tilaknagar Industries Limited were trading at Rs. 290.45 per equity share, down 1.21 percent from its previous day’s close price of Rs. 294.
What Happened
As per the latest bulk/ block deals data available on BSE, Foreign Institutional Investor BOFA Securities Europe SA has sold 4 Lakh equity shares of Tilaknagar Industries Limited at an average price of Rs. 287.80 for a consideration of ~Rs. 11.51 Crores.
The counter party for the stake sale was FII Societe Generale who purchased the 4 Lakh equity shares or 0.21 percent stake of Tilaknagar Industries Limited at an average price of Rs. 287.80.
In the last stake sale BOFA Securities Europe SA offloaded 35.30 Lakh equity shares of Tilaknagar Industries Limited meanwhile, Societe Generale picked 35.30 Lakh equity shares at an average price of Rs. 255.45.
About the Company
Tilaknagar Industries is an alcoholic beverage company, it is primarily involved in the manufacturing and sale of Indian-made foreign liquor and extra-neutral alcohol. It has a diverse portfolio of brands in categories of liquor like whisky, brandy, rum, vodka, and gin.
As of March 2024, Tilaknagr Industries has 19 manufacturing units across 12 states in India with 15+ brands across products. 94 percent of its revenue comes from the sale of Brandy and 86 percent of its sales come from South India. Its famous brand Mansion House continues to be the largest-selling brandy brand in India.
Financials and Ratios
Its Revenue from operations grew by 4 percent from Rs. 639.98 Crores in Q1FY24 to Rs. 664.86 Crores in Q1FY25, accompanied by profits of Rs. 25.75 Crores to Rs. 40.09 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 21.11 percent, and a return on capital employed (ROCE) of 19.84 percent. It has reported a debt-to-equity ratio of 0.19.
Written by: Bharath K.S
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