Tilaknagar Industries: This liquor stock gained over 1000% in 5 years; should you invest now?
₹317. This target indicates a potential upside of 41% from the stock's closing price today, which stood at ₹224.90. The company's shares rewarded their shareholders handsomely in recent years as they maintained continued upward trajectory.
Over the past five years, the company's shares have surged from ₹19 apiece to the current level of ₹224.50, marking an impressive gain of 1081%. Notably, in November, the stock reached a 15-year high of ₹291 apiece. Also Read: Mutual funds go on a shopping spree, pumping $35 billion into top companies Despite the significant surge in share value, the brokerage believes that the stock is trading at reasonable valuations considering the current business metrics and scale of operations.
The company stands as a leader in the Indian-made foreign liquor (IMFL) brandy segment, which contributes to 93% of its total volumes. It has secured approximately 20% of the market share in this segment. In the prestigious Prestige & Above (P&A) segment within the brandy category, the company commands around 28% market share.
Its flagship brandy, Mansion House Brandy, holds the distinction of being the largest-selling brand in India and the second largest globally. According to Drinks International’s report 'The Millionaires Club 2023', Mansion House Brandy (MHB) is ranked as the world’s second-fastest-growing brand across categories. Also Read: Multibagger Stock: Gravita India gains over 250% in 2 years, more than 2800% since May 2020 The company's second 'Millionaire' brand, Courrier Napoleon Brandy (CNB), caters to the Deluxe to Super Premium segments.
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