From ₹29 to ₹364: Multibagger Penny Stock Soars Over 1100% in 2 Years — Are You Holding TIL Limited?
Multibagger Penny Stock: In the vast universe of Indian small-cap stocks, very few stories shine as brightly as that of TIL Limited, a Kolkata-based infrastructure and material handling equipment manufacturer. Once trading at a mere ₹29.30 per share just two years ago, the stock has skyrocketed over 1,141%, now commanding a price of ₹363.90. For early investors, this journey from penny stock to a top wealth creator has been nothing short of spectacular.
Let’s break down how this lesser-known small-cap stock has turned into a multibagger and whether it’s still a buy.
🔥 2-Year Rally: From Obscurity to Spotlight
TIL Limited has shown a consistent uptrend in price performance. After ending May 2025 with a 71.55% monthly gain, its strongest since July 2023 (which posted a 146.52% surge), the stock is now inching closer to its all-time high of ₹435, last touched in August 2024.
From being largely ignored to now being discussed in every Dalal Street circle, TIL has truly turned the tide in its favour.
📈 What’s Driving This Rally?
1. Turnaround Financials in FY25
One of the biggest catalysts has been the sharp financial turnaround:
- Q4 FY25 revenue rose to ₹110.9 crore, up 240% YoY and 34% QoQ.
- Full-year FY25 revenue stood at ₹343.1 crore, jumping a massive 398% from ₹68.9 crore in FY24.
- EBITDA turned positive at ₹21.5 crore in Q4 FY25, compared to a loss of ₹27 crore in Q4 FY24.
- EBITDA margins have improved sharply to 19.4% in Q4 FY25 from 7.8% in Q3 FY25.
This strong operational performance underlines that TIL is no longer just a speculative bet — it’s a company in execution mode.
🛡️ Focus on Defense: A Strategic Move
In a significant development, TIL recently launched a new strategic business unit (SBU) — TIL Defence. This unit is set to drive the company’s entry into indigenous defense manufacturing, backed by:
- Government-approved designs.
- Collaborations with Indian defense PSUs.
- Development of advanced military systems and modernization of legacy platforms.
The move is expected to position TIL as a key player in India’s growing defense ecosystem, which could open a whole new revenue vertical in the coming years.
🏗️ Business Model at a Glance
TIL specializes in the design and manufacturing of material handling and port equipment, with a comprehensive product range tailored for the Indian market. Its customer base spans across:
- Construction & Mining
- Ports & Railways
- Power & Defense sectors
It also has global tie-ups, including partnerships with Manitowoc Company Inc. (USA) and Hyster-Yale Group Inc., providing access to world-class technology.
📊 Financial Snapshot
| Particulars | Value |
|---|---|
| Current Price | ₹363.90 |
| Market Cap | ₹2,423 crore |
| 52-Week High | ₹435 (Aug 2024) |
| 52-Week Low | ₹55.10 |
| Q4 FY25 Revenue | ₹110.9 crore |
| FY25 Total Revenue | ₹343.1 crore |
| Q4 FY25 EBITDA | ₹21.5 crore |
| Q4 EBITDA Margin | 19.4% |
| FY25 EBITDA Margin | 11.7% |
| YoY Revenue Growth | 398% |
🧠 Analyst Takeaway: Should You Hold or Book Profits?
Given the magnitude of the rally, some investors may be tempted to book profits. However, TIL’s improving financials, defense focus, and rising operational efficiency suggest the growth story may still have legs. That said, the stock may see short-term volatility after such a sharp rise, so long-term investors with risk appetite could consider holding or accumulating on dips.
❓ Frequently Asked Questions (FAQs)
Q1: Why has TIL Limited’s stock surged over 1100% in 2 years?
A: The rally is driven by strong revenue and EBITDA turnaround, sharp margin improvements, and optimism around its new defense vertical (TIL Defence).
Q2: Is TIL still a penny stock?
A: No, it is now a small-cap stock with a market cap of ₹2,423 crore and a stock price nearing ₹364.
Q3: What sectors does TIL serve?
A: TIL operates in construction, mining, ports, power, railways, and defense.
Q4: What makes TIL Defence a big deal?
A: TIL Defence is aimed at boosting indigenous production of military systems in collaboration with Indian defense PSUs, positioning the company in a high-growth sector.
Q5: Is it the right time to buy TIL stock?
A: If you have a long-term view and can handle volatility, the stock’s improving fundamentals and defense ambitions make it attractive. However, wait for dips to enter at better valuations.
Bottom Line:
From being a penny stock ignored by the market to becoming a top-performing small-cap, TIL Limited’s journey is a reminder that patience in the right business can lead to explosive returns.
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