Alcohol stock primarily involved in the manufacturing and sale of Indian-made foreign liquor, extra-neutral alcohol, and many more in focus after Foreign Institutional Investor sold a part of its stake in it.
Price Action
With a market capitalization of Rs. 4,826 Crores, the shares of Tilaknagar Industries Limited were trading at Rs. 250.30 per equity share, down 1.22 percent from its previous day’s close price of Rs. 253.40.
What Happened
As per the latest bulk/ block deals data available BOFA Securities Europe SA has offloaded 35.30 Lakh equity shares of Tilaknagar Industries Limited meanwhile, Societe Generale has 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 & Ratios
Its Revenue from Operations grew by 7.43 percent from Rs. 717.25 Crores in Q4FY23 to Rs. 770.56 Crores in Q4FY24, accompanied by profits of Rs. 59.1 Crores to Rs. 31.45 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 25 percent and a return on capital employed (ROCE) of 22.3 percent. It has debt to equity ratio of 0.19.
Written by: Bharath K.S
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