Tilaknagar Industries

Quick check

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• DebtAdequate safetyRated A- by CRISIL.
• ResultsProfit fallingIn the Jun 2026 quarter, sales rose 156% and profit fell 64% from a year earlier.
• DilutionNo new sharesNo new shares issued in the last year, so existing shareholders' slices were not cut.
• PromotersPromoters sellingThe promoters (founders or parent) own 32%, down from 40% in Jun 2025.
• ValuationExpensive vs its pastThe share trades at 53.8 times its yearly earnings (P/E), pricier than 86% of the time in the last 5 years. Its usual P/E is about 23.

Tilaknagar Industries against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

• Valuation (P/E)53.8 against a typical 39.7: pricier than most peers (1st = cheapest).18th of 27
• Sales growth+155.7% against a typical +11.8% from a year earlier.2nd of 25
• Profit growth−64% against a typical +10.1% from a year earlier.18th of 20
• Share price, 3 months+8.1% against a typical −9.2%.5th of 28
• Size₹ 12,143.5 Cr. market value against a typical ₹ 419.4 Cr. (1st = largest).4th of 24

Exchange filings and their impact on the company.

• 23 Oct 2026Action(s) initiated or orders passedLow impactNegativePrice −1% on 26 Oct
  DRI searched Tilaknagar offices over bulk Scotch import classification with no financial impact disclosed yet.

  On October 22, 2026, the Directorate of Revenue Intelligence, Mumbai searched Tilaknagar Industries' corporate office and its Ahilyanagar plant under the Customs Act. The company said the search is part of an industry-wide review of the HSN code used for import of bulk Scotch. The search has concluded, the company says there is no impact on operations as of now and it cooperated fully, but any future duty reclassification could create a liability.

  Full analysisFiling
• 8 Oct 2026ResignationLow impactNeutralPrice −1.3% on 9 Oct
  CFO steps down as KMP but stays employed, with Deputy CFO taking over finance with immediate effect.

  Tilaknagar Industries said CFO Rajesh Choudhary resigned from the CFO, KMP and SMP roles with effect from October 8, 2026 to pursue external opportunities, but will continue in employment with the company. The board has included Deputy CFO Anil Singal as Senior Management Personnel to oversee Finance & Accounts with immediate effect. Singal is a Chartered Accountant with over 27 years in alco-bev, previously with Whyte & Mackay, Radico Khaitan, Allied Blenders and as CFO of Jagatjit Industries.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Amit Dahanukar

Executive Chairman of the Board, Managing Director

Rajesh Choudhary

Chief Financial Officer

Nishchal Dubey

President - Institutional Sales

Ina Bajwa

Chief People Officer

Sai Amrutkumar Vegisetti

Chief Information Officer

Minuzeer Yazdi Bamboat

Compliance Officer, Company Secretary, Head Legal

Tarun Behl

Vice President - Manufacturing & Projects

Shivani Amit Dahanukar

Executive Director