📌 At a Glance
TIL Limited (CMP ₹305.25) is not just building cranes — it’s building its own resurrection story. The company has risen over 530% from its 52-week low of ₹48, and FY25 results explain why. Revenue skyrocketed 398% YoY to ₹343.1 Cr. After six straight years in the red, TIL reported a profit of ₹2.9 Cr. And no, this isn’t a hallucination — it’s the Gainwell Group effect, baby.

🏗️ About the Company

🎯 TIL manufactures cranes, forklifts, container handlers, and reach stackers — supplying India’s ports, defence, construction, and mining sectors.

🔧 Strategic tie-ups include:

• Manitowoc Cranes (USA)
• Hyster-Yale Group (USA)
• Snorkel Aerial Platforms

🧑‍💼 Key Managerial Personnel (KMP)

• Sunil Kumar Chaturvedi – CMD
• Alok Kumar Tripathi – President
• Rishabh Nair – Head of Brand, PR & Content
• Gainwell Group – Acquired TIL in Jan 2024

This isn’t your dad’s TIL. This is Post-Takeover TIL — shaved, suit-boot, doing pushups, and showing up at Bauma Conexpo like a comeback kid.

📊 Financials – Q4 & FY25

🔹 Q4 FY25 Highlights (Standalone)

From red to green like a traffic signal finally turning for the first time in 6 years.

📅 Full-Year FY25 Highlights

This is more than a turnaround. This is the Arnab Goswami of earnings — loud, dramatic, and completely unexpected.

🧮 Forward-Looking Fair Value (FV) Calculation

Let’s be conservative and assume:

• FY26 PAT = ₹12 Cr (4x growth from FY25)
• Shares Outstanding ≈ 1.33 Cr
• EPS ≈ ₹9.0
• Reasonable P/E for a turnaround infra play: 20x

👉 Fair Value Estimate = ₹9 × 20 = ₹180

⚠️ CMP = ₹305.25
➡️ Stock is ahead of fundamentals — unless FY26 sees explosive growth.

But with 398% YoY revenue growth and first PAT in 6 years, who’s to say fairy tales don’t exist?

🚀 Growth Drivers & Business Highlights

🏆 FY25 Wins:

• 400th ReachStacker rolled out from Kharagpur plant
• Launches: N80 crane, Snorkel A62JRT aerial platform, new Hyster forklifts
• 200+ customer touchpoints via aftermarket service
• 3,000+ active machines on ground
• Back in Bauma CONEXPO after 8 years to flex Make-in-India creds

🧪 Product Categories:

1. Indigenous TIL Range
2. Manitowoc Cranes (USA JV)
3. Hyster-TIL forklifts
4. Snorkel telehandlers & platforms

🧠 EduInvesting Take

“From minus ₹254 Cr losses to positive ₹2.9 Cr PAT. That’s not a recovery. That’s a bloody resurrection.”

Let’s face it — 398% YoY revenue growth doesn’t come from Excel fraud. This is legit execution post-Gainwell acquisition. But CMP ₹305 is pricing in a lot of future growth.

This is no longer a deep value play. This is a momentum bet — you’re not buying results, you’re buying belief.

⚠️ Risks & Red Flags

• 💸 PAT still tiny vs ₹300+ Cr valuation
• 🧊 Only one year of profitability after six years of pain
• 🧱 Heavy industry = cyclic + capital intensive
• 💼 Order book details missing — sustainability of FY26 growth unknown
• 📉 Q3 PBT was negative — still volatile performance

🧊 Chill, But Here’s Why It’s Hot:

TIL isn’t trying to be a fintech unicorn. It’s trying to be a core infrastructure enabler in an India that’s laying highways, ports, and logistic hubs like there’s no tomorrow.

FY26 will decide if this was a one-year wonder or the start of a full-blown infra renaissance for TIL.

If Q1 FY26 shows even 10% sequential PAT growth, expect FOMO-led moves. If not? ₹300+ CMP could feel like climbing one of its own cranes — shaky.

🧾 Final Word

This is not your usual “low PE, high EPS” story. This is an out-and-out turnaround play where price has already moved — and now results are trying to catch up.

✅ First profit in 6 years
✅ 530% up from lows
❌ But FV is around ₹180 unless FY26 explodes

So the final question:

Will TIL build the next infra empire? Or is this crane already at max height?

🗓️ Published: May 26, 2025
✍️ By: Prashant Marathe
Tags: TIL Limited, FY25 results, turnaround stocks, Gainwell acquisition, infra play India, multibagger or overhype, Hyster TIL, EduInvesting