Tilak Ventures (BSE: TILAK) had a P/E of 11.6× on 6 Nov 2026, below the industry P/E of 25.9×, and the shares are 60% below their 52-week high. Sales and net profit grew 57% and 60% a year over 3 years, with ROCE of 6.0% and ROE of 5.2%. It carries very little debt. It is a small-cap company with a market cap of ₹171 Cr, ranked 44th of 69 Asset Management companies by market cap; the shares fell 58% over the past year.
- ₹1.28
- ₹1.29
- ₹1.26
- ₹1.28
- 5.4 L
Health check
- ReturnsBehind
−58.3% over a year, better than 0 of 7 peers.
- Price tagCheaper
P/E 11.6 vs industry 25.9.
- GrowthStrong
Sales +56.6%, profit +59.9% a year over 3 years.
- ProfitabilityWeak
ROCE 6.0% vs peer median 38.5%.
- Balance sheetStretched
Debt 0.06× equity, interest covered 68.0×, Piotroski 3 of 9.
- Red flags3 to check
Return on equity is low at 5.2%.
Small cap
Defensive
Key metrics
- Market cap
- ₹171 Cr
- Small cap
- P/E
- 11.6
- Industry 25.9
- Price to book
- 0.74
- Peers 13.19
- Dividend yield
- 0.00%
- ROE
- 5.2%
- Peers 35.3%
- ROCE
- 6.0%
- Peers 38.5%
- Debt to equity
- 0.06
- Debt ₹8.02 Cr
- EPS (TTM)
- ₹0.11
- OPM (TTM)
- 33.9%
- Net margin 27.3%
- Sales growth
- −19.5%
- Latest quarter vs a year ago
- Profit growth
- +95.1%
- Latest quarter vs a year ago
- Price to sales
- 4.86
- EV/EBITDA 3.5
Strengths and risks
Strengths
- Practically debt-free.
- Quarterly profit up 95.1% on a year ago.
- Net margin of 27.3%.
- P/E of 11.6 against an industry P/E of 25.9.
Risks to check
- Return on equity is low at 5.2%.
- Quarterly sales down 19.5% on a year ago.
- 60% below its 52-week high.
About Tilak Ventures
Tilak Ventures Limited operates in the commodity trading and financing businesses in India. It operates through two segments: Finance Business and Commodities Trading Business. The company is involved in the business of manufacturers, traders, agents, suppliers, importers, and exporters of various types of fabrics, yarns, and cloth, such as suiting, shirting, dress material, and industrial fabrics, as well as textures, twisted, sized, blended, spinned,…
- Headquarters
- Mumbai
- Employees
- 5
- Sector
- Financial Services
- ISIN
- INE026L01022
- Website
- tilakfinance.wordpress.com
Price range
- Avg volume (3M)
- 10.1 L
- 1-year return
- minus 58.3%
- From 52-week high
- minus 59.9%
Peers · Asset Management
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JIOFINJio Financial Services | 231.20 | plus 0.69% | 1,58,445 | 87.9 | 1.19 | 1.7% | 1.3% | 75.8% | 431.5% | 268.2% | 0.26% | minus 23.9% |
| ICICIAMCICICI Prudential Asset Management Company | 2,935.80 | minus 1.45% | 1,45,104 | 41.1 | 27.16 | 98.3% | 76.2% | 74.1% | 28.9% | 29.6% | 1.44% | plus 13.5% |
| BAJAJHLDNGBajaj Holdings & Investment | 11,044.00 | plus 1.80% | 1,22,913 | 13.2 | 1.67 | – | 11.6% | 78.8% | 19.0% | 25.7% | 1.18% | minus 10.3% |
| HDFCAMCHDFC Asset Management Company | 2,649.80 | plus 0.37% | 1,13,701 | 38.3 | 13.19 | 38.5% | 36.4% | 81.4% | 23.9% | 26.2% | 2.04% | minus 2.3% |
| SBIFUNDSSBI Funds Management | 499.55 | minus 1.30% | 1,01,750 | 33.3 | 13.47 | – | 40.4% | 78.5% | – | – | 0.00% | minus 18.1% |
| NAM-INDIANippon Life India Asset Management | 1,065.20 | minus 0.37% | 68,177 | 42.8 | 14.29 | 40.0% | 35.3% | 67.3% | 26.1% | 28.3% | 2.07% | plus 21.3% |
| 360ONE360 ONE WAM | 1,145.00 | plus 0.36% | 49,107 | 38.7 | 4.50 | 13.5% | 12.7% | 47.3% | 24.0% | 22.7% | 1.18% | plus 5.7% |
| TILAKTilak Ventures | 1.28 | 0.00% | 171 | 11.6 | 0.74 | 6.0% | 5.2% | 33.9% | 56.6% | 59.9% | 0.00% | minus 58.3% |
| Median of 7 peers | – | 0.36% | 1,13,701 | 38.7 | 13.19 | 38.5% | 35.3% | 75.8% | 25.0% | 27.2% | 1.18% | −2.3% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 8.1 | 6.3 | 2 | 14 | 6.5 | |
| 5.6 | 4.5 | 4.1 | 7.1 | 3.3 | |
| 2.4 | 1.8 | −2.1 | 6.9 | 3.2 | |
| 30.3% | 28.9% | −103.9% | 49.0% | 49.2% | |
| 1.3 | 2.3 | 2.8 | −1 | 2.6 | |
| 0 | 0 | 0 | 0.2 | – | |
| 0 | 0 | 0 | 0 | 0 | |
| −0.6 | – | – | – | – | |
| 3.2 | 4.2 | 0.6 | 5.7 | 5.8 | |
| 29.9% | 18.7% | 72.0% | 33.0% | 25.1% | |
| 2.2 | 3.4 | 0.2 | 3.9 | 4.3 | |
| 0.05 | 0.04 | 0.00 | 0.03 | 0.03 |
Profit & loss
- Sales CAGR 3Y
- +56.6%
- Profit CAGR 3Y
- +59.9%
- EPS CAGR 3Y
- +17.5%
- ROE
- 5.2%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 8.8 | 16.1 | 25.2 | 33.8 | |
| – | +83.2% | +56.0% | +34.3% | |
| 5.9 | 9 | 17.5 | 21.4 | |
| 2.9 | 7.2 | 7.7 | 12.4 | |
| 32.9% | 44.5% | 30.5% | 36.7% | |
| 1.5 | 0.6 | 0.9 | 1.5 | |
| 0 | 0.1 | 0 | 0.2 | |
| 0 | 0.1 | 0 | 0 | |
| −1.5 | −0.7 | −0 | −0 | |
| 2.8 | 7 | 8.5 | 13.7 | |
| 19.7% | 26.4% | 26.4% | 29.7% | |
| 2.4 | 5.3 | 6.3 | 9.6 | |
| – | +125.2% | +18.4% | +53.4% | |
| 0.04 | 0.07 | 0.08 | 0.07 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 22.3 | 22.3 | 44.6 | 134 | |
| 51 | 55.4 | 93.8 | 97.7 | |
| 2.4 | 2.4 | 8 | – | |
| 1 | 0.4 | 0.1 | 0.5 | |
| 76.7 | 80.5 | 146 | 232 | |
| 0.2 | 0.1 | 0 | 0 | |
| 0 | – | – | – | |
| 26 | 28.2 | 76.9 | 140 | |
| 50.5 | 52.2 | 69.5 | 91.5 | |
| 76.7 | 80.5 | 146 | 232 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 6.3 | 1.3 | 1.7 | −34.4 | |
| −49.5 | −2.7 | −32.2 | −53.6 | |
| 24.4 | −0.1 | 49 | 88.9 | |
| −18.8 | −1.5 | 18.5 | 1 | |
| −0.2 | – | −0 | – | |
| 6.1 | 1.3 | 1.7 | −34.4 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
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