Investors are on queue to know about how this alcohol based company is planning to fund its acquisition of French alcoholic beverage major Pernod Ricard’s Imperial Blue whisky. In this article, we will discuss more about the details.
With a market capitalization of Rs 7,061 crores, the shares of Tilaknagar Industries Ltd are currently trading at Rs 364 per share, down by 20.40 percent from its 52-week high of Rs 457.30 per share. As of March 2025, Barclays Wealth Trustees India Pvt Ltd holds a 6.14 percent stake in the company.
On June 4, reports surfaced that Tilaknagar Industries is in the frontrunner to acquire French alcoholic beverages major Pernod Ricard’s Imperial Blue whisky, having an Enterprise Value of Rs 5,157 crores. With other major companies also participating in the tender, Pernod Ricard found Tilaknagar’s offer better.
Tilaknagar Industries aims to finance its acquisition of the Imperial Blue whisky brand worth Rs 5,206 crore through debt and equity. The first portion includes raising Rs 4,339 crore through rupee-denominated non-convertible debenture (NCD) issues, arranged by Kotak Mahindra Bank and Avendus Capital, at rates expected to be low-to-mid teens, while the excess of Rs 867.8 crore will be funded through internal accruals and fresh equity raised from private credit investors, such as mutual funds and NBFCs.
Financial Highlights
The company reported a revenue of Rs 1,434 crores in FY25, up by 2.87 percent from its FY24 revenue of Rs 1,394 crores. Additionally, it reported a net profit growth of 67 percent to Rs 230 crores in FY25 from Rs 138 crores in FY24.
The stock has delivered an ROE and ROCE of 29.89 percent and 28.43 percent respectively, and is currently trading at a P/E of 30.69x as compared to its industry average of 31.64x.
Tilaknagar Industries Ltd. is an Indian manufacturer and exporter of Indian Made Foreign Liquor (IMFL), which includes brandy, whisky, rum, and gin (brandy under a variety of brands, including Mansion House, Courier Napoleon, Senate Royale, Madiraa, and gin positioned at Blue Lagoon).
They also manufacture extra neutral alcohol and export it to Africa, the Middle East, Southeast Asia, and Europe. It is the fifth-largest alcoholic beverage firm by market capitalization.
Written by Satyajeet Mukherjee
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