Tilaknagar Industries Ltd
About
Mahadev L. Dahanukar founded in 1933 what was then The Maharashtra Sugar Mills Limited. With the influence of Bal Gangadhar Tilak, he renamed the company to Tilaknagar Industries Limited. The company is one of the oldest in the Indian sugar and alcohol industry. Its primary distillery in Shrirampur, near Nashik, produces the largest amount of brandy in India, with a production capacity of 150 kilolitres per day. Mansion House Brandy, one of its flagship brands, is the largest selling premium Indian brandy.Other grain and molasses distilleries also produce liquor by using direct heat distillation with coal-based fires and pressure variations. With 20 production units spread all over India and 15 brands for its various products, the company exports to countries in the Middle East, Africa, Europe, and Southeast Asia.
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Financial Data 2024
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Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 1391 9.9% | 1267 57.8% | 803 39.8% | 574 -48.1% | 1107 61.8% | 684 10.9% | 617 22.8% | 503 13.2% | 444 -41.1% | 754 -8.8% | 827 11.5% | 742 25.7% | 590 26.5% | 466 14.3% | 408 54.9% | 263 - |
| Net Operating Income (INR Cr) | 1394 19.72% | 1164 48.63% | 783 42.76% | 549 -15.94% | 653 -1.29% | 661 14.46% | 578 12.18% | 515 12.50% | 458 -38.82% | 748 -9.21% | 824 9.54% | 752 35.84% | 554 18.04% | 469 22.06% | 384 54.25% | 249 72.07% |
| Profit (INR Cr) | 138 -7.9% | 150 231.7% | 45 - | -38 - | 270 - | -160 - | -151 - | -280 - | -282 - | -40 - | 58 -3.9% | 61 28.5% | 47 19.2% | 40 13.4% | 35 76.4% | 20 - |
| Assets (INR Cr) | 834 3.4% | 807 3.7% | 778 4.9% | 742 -8.8% | 813 -16.1% | 969 -4.3% | 1013 -11.6% | 1146 -5.4% | 1211 -16.6% | 1452 -2.1% | 1484 19.7% | 1240 25.2% | 990 13.2% | 875 34.1% | 652 143.6% | 268 - |
| Net Worth (INR Cr) | 654 35.4% | 483 261.7% | 134 339.6% | -56 -220.6% | -17 94.0% | -287 -120.9% | -130 -736.2% | 20 -89.3% | 192 -59.9% | 478 -7.8% | 519 11.8% | 464 14.6% | 405 21.7% | 333 163.3% | 126 129.7% | 55 50.0% |
| Employee Cost (INR Cr) | 47 24.6% | 38 17.1% | 32 27.5% | 25 -15.0% | 30 -11.1% | 33 51.2% | 22 -22.2% | 28 -17.0% | 34 60.2% | 21 -38.3% | 34 15.6% | 30 26.5% | 24 53.3% | 15 0.1% | 15 -23.5% | 20 - |
| Interest Cost (INR Cr) | 27 | 40 | 62 | 71 | 129 | 184 | 152 | 157 | 125 | 97 | 64 | 64 | 56 | 39 | 24 | 11 |
| Cash & Bank Balance (INR Cr) | 42 | 44 | 71 | 48 | 40 | 53 | 68 | 6 | 11 | 33 | 19 | 24 | 20 | 17 | 27 | 5 |
| Total Debt (INR Cr) | 121 | 256 | 585 | 702 | 579 | 1111 | 1031 | 1072 | 885 | 825 | 832 | 662 | 482 | 431 | 449 | 125 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 9.9% | 11.8% | 5.6% | - | 24.4% | - | - | - | - | - | 7.0% | 8.2% | 8.0% | 8.5% | 8.6% | 7.5% |
| Profit As % Of Assets | 16.5% | 18.6% | 5.8% | - | 33.2% | - | - | - | - | - | 3.9% | 4.9% | 4.8% | 4.5% | 5.4% | 7.4% |
| Profit As % Of Networth | 21.1% | 31.0% | 33.9% | - | - | - | - | - | - | - | 11.2% | 13.1% | 11.7% | 11.9% | 27.6% | 35.9% |
| Interest Cost to EBITDA % | 14.7% | 29.3% | 55.2% | 131.2% | - | 328.1% | - | - | - | 102.7% | 37.8% | 37.3% | 38.3% | 33.9% | 29.5% | 25.1% |
| Debt to Equity Ratio | 0.19 | 0.53 | 4.38 | - | - | - | - | 52.45 | 4.62 | 1.73 | 1.60 | 1.43 | 1.19 | 1.30 | 3.56 | 2.27 |
| RONW | 19.5% | 12.1% | 14.6% | - | - | - | - | - | - | - | 11.9% | 14.0% | 12.8% | 17.2% | 38.5% | 43.1% |
| ROCE | 17.1% | 10.4% | 9.6% | 0.0% | -5.2% | 0.0% | 0.0% | 0.0% | 0.0% | 5.0% | 11.5% | 14.2% | 14.7% | 15.0% | 20.3% | 29.9% |