TIL Limited (TIL) was promoted by a Group of Scotsmen led by R T Wilson in 1944 as a dealer of Caterpillar Tractor Company, US, for their earthmoving equipment and spare parts. In November 1955, it became a public limited company by the name Tractor India. It was renamed as TIL in 1985 after its amalgamation with Spundish Engineers. TIL Limited is an India-based company engaged in the design, manufacturing, and marketing of a comprehensive selection of material handling and port equipment. It manufactures and markets a comprehensive range of material handling, lifting, port and road construction solutions with integrated customer support and after-sales service.
The company has evolved from its humble beginnings as a dealer to become one of India's leading manufacturers of material handling equipment. In 1960, it floated a new company, Coles Crane India, in collaboration with Coles Crane of UK, for the manufacture of India's first mobile crane at Calcutta. Subsequently, this Company was merged with TILL in 1976. This strategic expansion laid the foundation for TIL's current position as a comprehensive material handling solutions provider.
The Company operates through a single segment, Materials Handling Solutions (MHS). The MHS segment is engaged in manufacturing and marketing of various material handling equipment, namely mobile cranes, port equipment, self-loading truck cranes, road construction equipment and others, and dealing in spares and providing services for related equipment. The Company's products include rough terrain cranes, truck cranes, pick and carry cranes, articulating cranes, Grove Range, crawler Cranes, ReachStackers, forklift trucks, and boom lifts.
The Company is engaged in manufacturing and marketing of a comprehensive range of material handling, lifting, port and road construction solutions with integrated customer support and after sales service. The Company has two manufacturing facilities - Kamarhatty and Kharagpur in West Bengal. The company is actively expanding its product offerings, including high-capacity cranes and innovative material handling solutions, while maintaining a strong market position with a 70-80% share in rough terrain cranes.
In the main management, SUNIL KUMAR CHATURVEDI is the Chairman and Managing Director, and Sekhar Bhattacharjee is the Company Secretary for TIL Ltd. The company's leadership has steered it through various transformations and strategic initiatives over the decades.
The stock symbol of TIL is NSE: TIL on the NSE, BSE: 505196 on the BSE, and the ISIN is INE806C01018. The TIL Ltd's 52-week high share price is Rs 434.05 and 52-week low share price is Rs 167.00. The market cap of TIL Ltd (TIL) is ₹2497.21 Cr as of 11th June 2025.
The stock has demonstrated remarkable performance over different time horizons. Last 1 Month: TIL Ltd share price moved up by 76.58% on BSE. Last 3 Months: TIL Ltd share price moved up by 93.30% on BSE. Last 3 Years: TIL Ltd share price moved up by 1074.68% on BSE. However, valuation metrics indicate the stock is trading at elevated levels. The P/E (price-to-earnings) ratio of TIL Ltd (TIL) is 873.15. The P/B (price-to-book) ratio is 79.05.
- Market Cap: ₹2,606 Crore (up 24.9% in 1 year)
- Revenue: ₹315 Cr
- Profit: ₹2.86 Cr
- Promoter Holding: 68.4%
On a consolidated basis, TIL Ltd reported a profit of Rs 9.76 crore on a total income of Rs 110.87 crore for the quarter ended March 2025. For the year ended 2024, TIL Ltd had posted a profit of Rs 253.90 crore on a total income of Rs 66.91 crore. Net profit of TIL declined 94.21% to Rs 9.76 crore in the quarter ended March 2025 as against Rs 168.59 crore during the previous quarter ended March 2024.
The company has shown significant revenue growth. TIL has an operating revenue of Rs. 245.19 Cr. on a trailing 12-month basis. An annual revenue growth of 37% is outstanding, Pre-tax margin of 292% is great, ROE of 803% is exceptional. However, there are concerns about the company's debt levels. The company has a high debt to equity of 281%, which can be a reason to worry.
TIL has announced the formation of a dedicated Strategic Business Unit (SBU) called 'TIL Defence' to consolidate its expanding defence portfolio and accelerate indigenous production of critical military systems. The decision, approved by the Company's Board of Directors, marks a strategic evolution in TIL's 80-year journey and represents the natural progression of the company's defence capabilities under Gainwell Group ownership since January 2024.
The new SBU will deepen and widen TIL's coverage of tri-services requirements across Land Systems, Air Systems, and Naval Systems, leveraging nearly four decades of specialised defence manufacturing expertise. Since 1987, TIL has been designing, engineering, and manufacturing bespoke strategic equipment to meet the evolving demands of India's defence establishment, establishing itself as a unique domestic supplier for several critical military systems with Rs 2000 crore order book.
TIL Limited is experiencing a significant turnaround, marked by a remarkable fourfold revenue growth to INR 343 crores, driven by increased production capacity and strategic partnerships. Operational efficiency has improved, evidenced by a positive EBITDA and reduced inventory days, as management focuses on enhancing customer engagement and addressing past operational challenges.
TIL Ltd (TIL) belongs to the Industrials sector & Heavy Machinery sub-sector. The peers of TIL Ltd are Cummins India Ltd, Thermax Ltd, Jyoti CNC Automation Ltd, Grindwell Norton Ltd, Carborundum Universal Ltd, Jupiter Wagons Ltd, Elgi Equipments Ltd. TIL Ltd's top 5 peers in the Engineering sector are Jash Engineering, Windsor Machines, HLE Glascoat, TIL, Kilburn Engg., JNK, Disa India.
Though the company is reporting repeated profits, it is not paying out dividend. The stock from a technical standpoint is trading below to its 200DMA and around 6% up from its 50DMA. It needs to take out the 200DMA levels and stay above it to make any further meaningful move.
TIL Limited represents a compelling investment story with its strong market position in material handling equipment, significant defence sector opportunities, and ongoing operational improvements. However, investors should carefully consider the elevated valuation metrics and high debt levels before making investment decisions. The company's strategic focus on defence manufacturing and continued expansion in its core business segments position it well for future growth, particularly given India's infrastructure development needs and defence modernization initiatives.
