Tilaknagar Industries Ltd. (TI.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-5.3%

₹443.01

vs ₹467.85 price

Levered DCF

-₹43.50

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

3.12

Safe zone

Rating

C-

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	429.02×	20.41×	29.95×	13.17×	21.64×	-9.59×	0.7×	-1.14×
P/B	3×	5.35×	6.38×	4.09×	7.32×	-6.61×	-10.91×	-0.64×
P/S	3.82×	3.29×	2.99×	1.69×	1.25×	0.67×	0.29×	0.28×
EV / EBITDA	51.66×	17.46×	21.79×	15.01×	12.44×	16.41×	174.07×	20.65×
Gross margin	39.0%	48.9%	49.0%	46.7%	50.5%	47.4%	44.7%	51.2%
Operating margin	14.5%	45.1%	45.6%	43.5%	46.3%	42.8%	40.1%	46.1%
Net margin	0.9%	16.0%	9.9%	12.9%	5.8%	-7.0%	41.3%	-24.1%
Current ratio	2.5×	2.81×	2.3×	1.27×	0.96×	0.87×	1.05×	0.34×
Debt / equity	0.77×	0.05×	0.19×	0.53×	4.38×	-12.61×	-33.31×	-3.87×
Interest coverage	3×	53.15×	23.77×	12.59×	5.87×	4.86×	2.41×	1.65×
Dividend yield	0.2%	0.2%	0.1%	0.1%	0.0%	0.0%	0.0%	0.0%
Payout ratio	92.5%	4.2%	3.5%	1.1%	0.3%	-0.3%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	0.7%	26.0%	21.1%	31.0%	33.8%	68.9%	-1552.6%	55.5%
Return on invested capital	6.1%	66.0%	75.9%	62.7%	46.7%	27.1%	32.0%	31.4%
Return on assets	0.3%	18.9%	13.4%	14.8%	4.5%	-3.8%	25.0%	-12.5%
Free cash flow yield	-8.2%	3.6%	2.7%	3.1%	6.3%	23.2%	100.4%	48.4%
Earnings yield	0.2%	4.9%	3.3%	7.6%	4.6%	-10.4%	142.3%	-87.4%
Enterprise value	₹110.4B	₹46.6B	₹42.9B	₹21.9B	₹15.2B	₹10.4B	₹7.5B	₹12.4B
Net debt / EBITDA	9.75×	-0.22×	0.57×	1.51×	4.44×	10.63×	130.07×	17.62×
Cash conversion cycle (days)	214	113	99	99	57	24	41	23