Alcoholic Beverages manufacturer, famously known for one of its brands called Mansion House jumped 4 percent from its previous day’s close price, following an announcement regarding the release of pledge on the shares of the company owned by the promoters.
At 1:32 p.m. the shares of Tilaknagar Industries Limited were trading at Rs. 271, up 2.01 percent from its previous day’s close price of Rs. 265.65 and its market capitalization is Rs. 5,185 Crores.
As per the company’s filing on BSE, the promoters of Tilaknagar Industries i.e. Mr. Amit Dahanukar and Mrs. Shivani Amit Dahanukar have released the pledge made by them on the 1,20,70,000 equity shares and 71,30,000 equity shares of the company owned by them.
As of September 2023, Tilaknagr Industries has 19 manufacturing units across 12 states in India with 15+ brands across products. 93 percent of its revenue comes from the sale of Brandy and 86 percent of its sales come from South India.
The company’s revenue from operations grew 48.63 percent from Rs. 783.37 Crores in FY22 to Rs. 1,164.36 Crores in FY23, accompanied by increasing profits of Rs. 45.19 Crores to Rs. 149.9 Crores.
It has reported a return on equity (ROE) of 51.28 percent and a return on capital employed (ROCE) of 26.14 percent, it is making good returns on its equity and capital employed.
According to the latest shareholding data available for the September 2023 quarter, the Promoters of the company hold 41.97 percent stake, the Foreign Institutional Investors (FII) hold 11.33 percent and the Domestic Institutional Investors hold 3.38 percent.
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.
Written by: Bharath K.S
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
