Tilaknagar Industries Limited is one of India’s leading manufacturers of alcoholic beverages, specializing in Indian Made Foreign Liquor (IMFL). With a legacy spanning over eight decades, the company is known for its diverse product portfolio, which includes whisky, brandy, rum, and vodka. Tilaknagar Industries is recognized for delivering high-quality products catering to a wide range of consumers, both in India and internationally. As of December, 05, 2024, the Tilaknagar Industries share price on the NSE is ₹398. Below are the projected Tilaknagar Industries share price target for the years 2024, 2025, 2026, 2027, 2030, 2035 And 2040.
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Tilaknagar Industries Company Overview
Founded in 1933 and headquartered in Mumbai, Tilaknagar Industries Limited has established itself as a prominent player in the Indian alcoholic beverages market. The company’s flagship brand, Mansion House Brandy, is among the top-selling brandy labels in India and is particularly popular in southern states. Other notable brands in its portfolio include Courrier Napoleon Brandy and Senate Royale Whisky. As a company committed to growth and sustainability, Tilaknagar Industries continues to strengthen its position in the spirits industry by expanding its product range and focusing on premiumization to meet evolving consumer preferences.
Company type | Public |
Traded as | BSE: 507205 NSE: TI |
ISIN | INE133E01013 |
Industry | Alcoholic Beverage Company |
Founded | 1933 (91 Years) |
Founder | Shri. Mahadev L Dahanukar |
Headquarters | Mumbai, India |
Key people | Mr.Amit Dahanukar (Chairman & MD) Mrs.Shivani Amit Dahanukar (ED) |
Products | Whisky Brandy Rum Vodka Gin. |
Revenue | ₹1423 Cr (TTM 2024) |
Operating income | ₹216 Cr (TTM 2024) |
Net income | ₹174 Cr (TTM 2024) |
Total assets | ₹1,166 Cr (TTM 2024) |
No. of shareholder | 1,00,374 (TTM 2024) |
Number of employees | 328 |
Website | www.tilind.com |
Tilaknagar Industries Share Price Target 2025 to 2040 Forecast
Year | Year High Target (₹) | Year Low Target (₹) | Year-End Target (₹) |
2024 | 450 | 180 | 390 |
2025 | 600 | 250 | 520 |
2026 | 810 | 390 | 740 |
2027 | 1050 | 680 | 920 |
2028 | 1180 | 840 | 1080 |
2029 | 1350 | 930 | 1240 |
2030 | 1730 | 1150 | 1580 |
2035 | 2950 | 1320 | 2700 |
2040 | 5240 | 2450 | 4800 |
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Tilaknagar Industries Share Price Target 2025
Year | 1st Target | 2nd Target |
2025 | ₹510 | ₹600 |
Tilaknagar Industries, a key player in the Indian alcoholic beverage industry, is positioned for strong growth driven by increasing demand and its strategic initiatives. For 2025, the share price is projected to reach a first target of ₹510 and a second target of ₹600, reflecting its potential in capturing market share.
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Tilaknagar Industries Share Price Target 2026
Year | 1st Target | 2nd Target |
2026 | ₹740 | ₹810 |
By 2026, Tilaknagar Industries is expected to see accelerated growth through its expanding product portfolio and focus on premiumization. The share price is anticipated to achieve a first target of ₹740 and a second target of ₹810, supported by its robust market strategies.
Tilaknagar Industries Share Price Target 2027
Year | 1st Target | 2nd Target |
2027 | ₹920 | ₹1050 |
In 2027, the company is likely to benefit from enhanced operational efficiency and a growing consumer base. The share price for this year is projected to reach a first target of ₹920 and a second target of ₹1050, reflecting its continued upward trajectory.
Tilaknagar Industries Share Price Target 2028
Year | 1st Target | 2nd Target |
2028 | ₹1120 | ₹1180 |
Tilaknagar Industries expansion into new markets and strengthening of its brand are expected to drive growth in 2028. The share price is estimated to reach ₹1120 for the first target and ₹1180 for the second target, showcasing its sustained performance.
Tilaknagar Industries Share Price Target 2029
Year | 1st Target | 2nd Target |
2029 | ₹1280 | ₹1350 |
By 2029, the company’s consistent focus on innovation and brand value is likely to bolster its financial performance. The share price is expected to reach a first target of ₹1280 and a second target of ₹1350, indicating steady progress.
Tilaknagar Industries Share Price Target 2030
Year | 1st Target | 2nd Target |
2030 | ₹1570 | ₹1730 |
By 2030, Tilaknagar Industries is expected to solidify its position in the alcoholic beverages market with robust growth strategies. The share price is projected to hit a first target of ₹1570 and a second target of ₹1730, reflecting its long-term growth potential.
Tilaknagar Industries Share Price Target 2035
Year | 1st Target | 2nd Target |
2035 | ₹2450 | ₹2950 |
Over the next decade, Tilaknagar Industries is anticipated to achieve significant growth, leveraging its market leadership and innovation. By 2035, the share price is forecasted to reach ₹2450 for the first target and ₹2950 for the second target, underscoring its strong performance.
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Tilaknagar Industries Share Price Target 2040
Year | 1st Target | 2nd Target |
2040 | ₹4800 | ₹5240 |
By 2040, Tilaknagar Industries is expected to deliver substantial value to its investors, driven by its long-term growth strategies and market expansion. The share price is estimated to achieve a first target of ₹4800 and a second target of ₹5240, reflecting its immense potential in the industry.
Tilaknagar Industries Fundamentals
Parameter | Value |
Market Cap | ₹7,902Cr |
P/E Ratio (TTM) | 45.55 |
P/B Ratio | 10.60 |
Industry P/E | 78.06 |
Debt to Equity | 0.13 |
ROE | 23.28% |
EPS (TTM) | 8.99 |
Dividend Yield | 0.12% |
52 Week High | ₹429 |
52 Week Low | ₹182 |
Book Value | 38.63 |
Face Value | 10 |
Tilaknagar Industries Financial Results
All In ₹Cr | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM |
Sales | 549 | 783 | 1,164 | 1,394 | 1,423 |
Expenses | 495 | 671 | 1,027 | 1,208 | 1,208 |
Operating Profit | 54 | 112 | 137 | 185 | 216 |
OPM % | 10% | 14% | 12% | 13% | 15% |
Other Income | 11 | 24 | 85 | 11 | 10 |
Interest | 71 | 62 | 40 | 27 | 20 |
Depreciation | 33 | 33 | 32 | 32 | 31 |
Profit before tax | -39 | 41 | 150 | 138 | 174 |
Tax % | -0% | -10% | -0% | 0% | |
Net Profit | -38 | 45 | 150 | 138 | 174 |
EPS in Rs | -3.06 | 2.85 | 8.09 | 7.16 | 9.01 |
Dividend Payout % | 0% | 4% | 3% | 7% |
Tilaknagar Industries Limited Balance Sheet
All In ₹Cr | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 |
Equity Capital | 125 | 159 | 185 | 193 | 193 |
Reserves | -181 | -25 | 298 | 461 | 552 |
Borrowings | 702 | 585 | 256 | 121 | 94 |
Other Liabilities | 365 | 295 | 273 | 258 | 326 |
Total Liabilities | 1,012 | 1,013 | 1,012 | 1,033 | 1,166 |
Fixed Assets | 469 | 439 | 420 | 396 | 384 |
CWIP | 100 | 100 | 0 | 0 | 0 |
Investments | 0 | 0 | 23 | 12 | 64 |
Other Assets | 443 | 474 | 569 | 625 | 718 |
Total Assets | 1,012 | 1,013 | 1,012 | 1,033 | 1,166 |
Tilaknagar Industries Limited Shareholding Pattern
Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
Promoters | 54.67% | 44.89% | 41.15% | 40.19% | 40.14% |
FIIs | 0.00% | 0.19% | 10.90% | 11.39% | 12.40% |
DIIs | 0.01% | 0.00% | 0.01% | 0.11% | 1.19% |
Government | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Public | 45.32% | 54.91% | 47.95% | 48.32% | 46.28% |
No. of Shareholders | 24,243 | 32,890 | 34,007 | 92,440 |
Tilaknagar Industries Limited Dividend History
Announcement Date | Ex-Dividend Date | Dividend Type | Dividend (Rs) |
21 May, 2024 | 20 Sep, 2024 | Final | 0.50 |
16 May, 2023 | 21 Sep, 2023 | Final | 0.25 |
31 May, 2022 | 19 Aug, 2022 | Final | 0.10 |
26 May, 2014 | 18 Sep, 2014 | Final | 0.80 |
30 May, 2013 | 03 Sep, 2013 | Final | 0.80 |
29 May, 2012 | 13 Sep, 2012 | Final | 0.80 |
27 May, 2011 | 29 Aug, 2011 | Final | 0.80 |
09 Aug, 2010 | 23 Aug, 2010 | Final | 2.50 |
15 May, 2009 | 23 Jul, 2009 | Final | 2.50 |
17 Jun, 2008 | 29 Jul, 2008 | Final | 2.10 |
22 Jun, 2007 | 13 Aug, 2007 | Final | 1.50 |
21 Jun, 2006 | 01 Aug, 2006 | Final | 0.80 |
06 Jul, 2005 | 15 Sep, 2005 | Final | 1.20 |
27 Jul, 2004 | 03 Sep, 2004 | Final | 1.20 |
04 Aug, 2003 | 03 Sep, 2003 | Final | 0.90 |
Tilaknagar Industries Bonus History
Announcement Date | Ex-Bonus Date | Bonus Ratio | Remarks |
07 Aug, 2010 | 28 Sep, 2010 | 2:1 | For every 1 share held; Holder will receive 2 bonus shares. |
24 Jul, 2009 | 02 Sep, 2009 | 2:1 | For every 1 share held; Holder will receive 2 bonus shares. |
11 Sep, 1988 | – | 1:1 | For every 1 share held; Holder will receive 1 bonus shares. |
Tilaknagar Industries Limited Peer comparison
Sector: Alcoholic Beverages | Industry: Breweries & Distilleries | ||||
Name | P/E | Mar CapRs.Cr. | Div Yld% | NP QtrRs.Cr. | ROCE% |
United Spirits | 78.06 | 112190.25 | 0.60 | 341.00 | 27.87 |
United Breweries | 109.45 | 51671.68 | 0.51 | 132.33 | 13.49 |
Radico Khaitan | 109.56 | 31686.33 | 0.12 | 82.19 | 13.16 |
Allied Blenders | 158.08 | 9711.58 | 0.00 | 48.45 | 15.76 |
Tilaknagar Inds. | 43.14 | 7834.99 | 0.12 | 58.23 | 22.00 |
Piccadily Agro | 70.14 | 7169.82 | 0.00 | 24.64 | 29.59 |
India Glycols | 21.30 | 4136.11 | 0.58 | 49.71 | 10.98 |
Median: 18 Co. | 42.68 | 2359.03 | 0.06 | 18.36 | 15.12 |
FAQs
Q.1. What is the share price target for Tilaknagar Industries in 2025?
Ans: The share price target for Tilaknagar Industries in 2025 is anticipated to reach ₹510 as the first target and ₹600 as the second target, supported by its strategic market presence and product portfolio in the beverage industry.
Q.2. What are the projected share price targets for Tilaknagar Industries in 2026?
Ans: In 2026, the share price is forecasted to reach ₹740 as the first target and ₹810 as the second target, driven by expanding market share and product diversification.
Q.3. What is the anticipated share price target for Tilaknagar Industries in 2027?
Ans: The projected share price for 2027 is ₹920 as the first target and ₹1050 as the second target, reflecting steady growth and increasing demand for its premium products.
Q.4. What are the share price targets for Tilaknagar Industries in 2028?
Ans: The share price for 2028 is expected to reach ₹1120 as the first target and ₹1180 as the second target, showcasing robust growth in revenue and profitability.
Q.5. What is the forecast for Tilaknagar Industries share price in 2029?
Ans: In 2029, the share price is anticipated to achieve ₹1280 as the first target and ₹1350 as the second target, supported by strong brand recognition and consistent financial performance.
Q.6. What are the share price targets for Tilaknagar Industries in 2030?
Ans: By 2030, the share price is projected to hit ₹1570 as the first target and ₹1730 as the second target, reflecting sustainable growth and increased market penetration.
Q.7. What are the long-term share price targets for Tilaknagar Industries in 2035?
Ans: For 2035, the share price is estimated to reach ₹2450 as the first target and ₹2950 as the second target, highlighting significant long-term growth potential and expansion.
Q.8. What is the share price target for Tilaknagar Industries in 2040?
Ans: By 2040, Tilaknagar Industries share price is projected to achieve ₹4800 as the first target and ₹5240 as the second target, reflecting the company’s leadership in the alcoholic beverages market and consistent innovation.
Q.9. Who is the CEO of Tilaknagar Industries?
Ans: The company is led by Amit Dahanukar, who serves as the Chairman and Managing Director. He has been instrumental in driving the company’s growth and premiumization strategy.
Q.10. What are Tilaknagar Industries flagship products?
Ans: The company is renowned for its brandy portfolio, including iconic brands like:
•Mansion House Brandy
•Courrier Napoleon Brandy
These products hold ‘Millionaire’ status, signifying sales of over one million cases annually. The company also produces whisky, rum, and gin.

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