TIL
TIL share price & financials
- Price
- ₹217.49
- Market cap
- ₹2.1k Cr
- Sector
- Capital Goods
- Calls analysed
- 2
TIL Limited Q1 FY27
What went well
- Consolidated turnover reached INR117.1 crores, an 86% increase over Q1FY26.
- Consolidated EBITDA rose to INR7.3 crores from INR1.1 crores in Q1FY26, with EBITDA margin improving to 6.2% from 1.5%.
- Standalone revenue grew 25% to INR78.6 crores, and standalone EBITDA increased 209% to INR3.4 crores.
What to watch
- Consolidated PAT stood at negative INR5.5 crores.
- Standalone PAT stood at negative INR7.2 crores.
What TIL Limited does
TIL Limited designs and manufactures mobile cranes, rough-terrain and truck cranes, and material-handling equipment such as ReachStackers, forklift trucks and empty container handlers, alongside specialised equipment for the Indian Army, Air Force and Navy. It earns through its own TIL-branded crane range plus exclusive Indian manufacturing/marketing tie-ups with global OEMs Manitowoc (Grove cranes), Hyster-Yale (ReachStackers, forklifts, container handlers) and Snorkel Europe (aerial work platforms), selling to defence, mining, ports, construction, steel, railways and petrochemical customers. It is part of the Gainwell Group, which acquired a controlling stake via Indocrest Defence Services Private Limited in 2024.
Segments
- Defence
- Non-Defence
- Manufacturing facilities
- 2 (Kamarhati, Kolkata and Changual, Kharagpur, West Bengal)
- Active fleet in operation
- ~3,000 machines
- Total workforce (FY25)
- 725 employees
- Regional offices
- 5 (Kolkata, Chennai, Mumbai, Delhi, Singrauli)
- Warehousing complexes
- 3 (Dankuni, Taratolla, Kharagpur, West Bengal)
- Cumulative shop-floor area
- 32,500+ sq. m across both plants
Guidance record · Q1 FY27
what the last two calls moved 13 tracked 0 delivered 3 missed 10 open- EBITDA Margin missed said Q4 FY25 Promised: 11.73% EBITDA which should sustain to my mind. Q1 FY27: The target was to sustain the FY25 EBITDA margin of 11.73% into FY26. In Q1 FY27, the standalone EBITDA margin was reported at 4.3%, indicating the margin level was not sustained.
- Product Launch delayed said Q4 FY25 Promised: launch in the current calendar year itself. It will be launched in one of the exhibition Q1 FY27: The original target was to launch in CY2025. The product, now likely named 'CarryKing 515', is now expected to launch in Q4 FY27 or Q1 FY28, a significant delay.
- Total Revenue on track said Q4 FY25 Promised: INR800 crores to INR1,000 crores of top line... over next 3 years' time or something like that, 3 to 4 years' time. Q1 FY27: Standalone revenue grew 25% YoY to INR 78.6 crores. Management reiterated expectations for a 'significant jump' in turnover for the current fiscal year, keeping the long-term target in sight.
All 13 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 25.0%, net profit down 15.1% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 68 | 79 | 102 | 63 | 78 +16% | 73 −7% | 109 +7% | 79 +25% |
| EBITDA | 2 | 3 | 12 | -7 | 0 −96% | 1 −54% | 10 −19% | 3 +146% |
| Net profit | -2 | -4 | 10 | -6 | -8 −268% | -7 −85% | -10 −203% | -7 −15% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −16.6% 1Y
1Y: ₹306.05 on 10 Sept 2025 → ₹255.3. High ₹371.95 (16 Sept 2025), low ₹163.56 (30 Mar 2026).
How the price took the results
close before → close after
- Q1 FY27
- +5.0%
- 14 Aug
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 94.4% a year over 3 years, FY23 to FY26. Operating margin widened to 1.3%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹44 Cr | ₹67 Cr | ₹315 Cr | ₹323 Cr |
| Operating profit | ₹-58 Cr | ₹-76 Cr | ₹12 Cr | ₹4 Cr |
| Operating margin | -131.3% | -113.5% | 3.9% | 1.3% |
| Interest | ₹36 Cr | ₹26 Cr | ₹29 Cr | ₹46 Cr |
| Depreciation | ₹9 Cr | ₹7 Cr | ₹7 Cr | ₹7 Cr |
| Net profit | ₹-88 Cr | ₹254 Cr | ₹3 Cr | ₹-31 Cr |
| Net margin | -200.6% | 379.5% | 0.9% | -9.5% |
| Cash from operations | ₹7 Cr | ₹-83 Cr | ₹-130 Cr | ₹-88 Cr |
| Free cash flow | ₹7 Cr | ₹-50 Cr | ₹-134 Cr | ₹-94 Cr |
| ROCE | -34.0% | -49.0% | 11.0% | 3.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹10 Cr | ₹10 Cr | ₹10 Cr | ₹18 Cr | ₹67 Cr | ₹70 Cr |
| Reserves | ₹204 Cr | ₹-213 Cr | ₹-302 Cr | ₹14 Cr | ₹17 Cr | ₹41 Cr |
| Borrowings | ₹360 Cr | ₹408 Cr | ₹411 Cr | ₹172 Cr | ₹317 Cr | ₹382 Cr |
| Other liabilities | ₹133 Cr | ₹176 Cr | ₹232 Cr | ₹210 Cr | ₹164 Cr | ₹193 Cr |
| Total liabilities | ₹706 Cr | ₹381 Cr | ₹350 Cr | ₹414 Cr | ₹564 Cr | ₹687 Cr |
| Fixed assets | ₹120 Cr | ₹119 Cr | ₹106 Cr | ₹104 Cr | ₹98 Cr | ₹96 Cr |
| Capital work in progress | ₹2 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹3 Cr |
| Investments | ₹3 Cr | ₹3 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹5 Cr |
| Other assets | ₹582 Cr | ₹259 Cr | ₹243 Cr | ₹309 Cr | ₹465 Cr | ₹584 Cr |
| Total assets | ₹706 Cr | ₹381 Cr | ₹350 Cr | ₹414 Cr | ₹564 Cr | ₹687 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Aug 2026
Since Sep 2025, promoters trimmed −7.13 pp while FIIs added +2.84 pp. The shareholder count grew 44% to 14,873.
- Promoters
- 61.3%
- FIIs
- 2.9%
- DIIs
- 3.0%
- Public
- 32.8%
Since Sep 2025
- Promoters −7.13 pp
- FIIs +2.84 pp
- Public +2.34 pp
How it drifted, 12 quarters
Over this window promoters fell from 75.0% to 61.3% — −13.7 pp.
Ownership split by quarter, oldest first. Mar '24: Promoters 75.0%, DIIs 3.3%, Public 21.7%.Jun '24: Promoters 68.4%, DIIs 0.9%, Public 30.7%.Sep '24: Promoters 68.4%, FIIs 0.0%, DIIs 0.9%, Public 30.7%.Dec '24: Promoters 68.4%, FIIs 0.0%, DIIs 0.9%, Public 30.7%.Mar '25: Promoters 68.4%, FIIs 0.1%, DIIs 0.9%, Public 30.6%.Jun '25: Promoters 68.4%, FIIs 0.1%, DIIs 1.1%, Public 30.4%.Sep '25: Promoters 68.4%, FIIs 0.0%, DIIs 1.1%, Public 30.4%.Dec '25: Promoters 68.4%, FIIs 0.0%, DIIs 0.9%, Public 30.7%.Mar '26: Promoters 70.1%, FIIs 0.0%, DIIs 0.7%, Public 29.1%.Jun '26: Promoters 61.3%, FIIs 2.6%, DIIs 3.8%, Public 32.3%.Jul '26: Promoters 61.3%, FIIs 2.6%, DIIs 3.8%, Public 32.2%.Aug '26: Promoters 61.3%, FIIs 2.9%, DIIs 3.0%, Public 32.8%.
Who bought this quarter
since Jul 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Singularity Equity Fund I AIF newly disclosed 1.35% held
The same filing shows 1 holder trimming and 2 off the list — both are in the register beside this.
Who is on the register
Named in the Aug 2026 filing
Every holder of TIL Limited above SEBI's 1% disclosure line, and what changed since Jul 2026.
| Holder | Stake | Change |
|---|---|---|
| Til Global Private Limited | 61.30% | unchanged |
| tGIRISH GULATI HUF | 3.68% | unchanged |
| Alpana Mundhra | 2.72% | −0.22 pp |
| Sumit Mazumder | 2.58% | unchanged |
| Singularity Equity Fund I AIF | 1.35% | newly disclosed |
| Salgurn Merchants Private Limited Corporate | — | off the list |
| Investor Education and Protection Fund (IEPF) | — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
All earnings calls (2)
Read the Q1 FY27 call →Learn to analyse TIL Limited
Guides on how to read this kind of business and the numbers that matter.