TIL Ltd - Stock Valuation and Financial Performance

TIL Limited was incorporated in 1974 as Spundish Engineers Ltd, in 1986 it got its name changed to TIL. Technology, innovation, leadership - These define TIL as an organization, its attitude and philosophy. For over 63 years TIL has been a growth partner to India’s infrastructure sectors and is amongst the country’s leading providers of a wide range of technology intensive equipment for infrastructure development that represent some of the finest in global technology.

In the material handling sector, TIL has always been the market leader. TIL has continuously and successfully anticipated the future needs of the industry and introduced state of the art products - with many firsts in the market. The plant at Kolkata is the only purpose built manufacturing facility in this part of the world. Material handling equipment from TIL are recognized as reliable, productive and efficient and over the years TIL has emerged as the country’s foremost material handling equipment manufacturer and service provider. This is evident from the company’s growth in recent years.

TIL operates through three Strategic Business Groups – Material Handling Solutions, Construction and Mining Solutions, Power Systems Solutions having a well connected network of offices, factories and product support centres in the country and overseas offices in Nepal and Bhutan. TIL has long term technical and strategic alliances with leading Equipment manufacturers in the world- Caterpillar Inc, Manitowoc crane Group, USA Famak S.A, Poland and Paceco Corp, USA.

The mantra at TIL is to consistently provide highest service accuracy and introduce global best practices and innovation to raise the bar on customer satisfaction and deliver beyond customer expectations. We are committed to deliver the “best value proposition” by providing total solutions to all customers. Our passion remains to offer excellence in product support initiatives, prompt customer response and to be the industry benchmark as a Total Solutions Provider.

As a part of product support initiatives TIL has many successes in Customer Support Agreements like MARC, designed for specific customer requirements, the focus is to provide unparallel service.  TIL’s 365 Day Service has been recognized by customers and partners as a path breaking tool in product support service. Through innovation and a strong network TIL provides top rung product support solutions that is available in the country today.

A strong customer focused approach and constant quest for quality and innovation enables TIL to attain and sustain its superior position as a customer- partnering organisation.

TIL launched its 6 Sigma initiative in 2002 and this is a continuous, on going process in the company. Through our 6 Sigma projects, we are already witnessing growth benefits, cost savings, enhanced effectiveness and quality improvements. Our 6 Sigma project, “Speedier Service Support' was awarded the President’s Gold Medal among the Asia Pacific Dealers of Caterpillar.

TIL cranes with over 70% market share in India, enjoy excellent acceptance among all user-sectors in the country. As the first choice, TIL’s cranes are hard at work in India’s priority areas.

The Defence ServicesOil & PetrochemicalsIrrigation & PowerCoal and Metal MinesSteel PlantsPorts and RailwaysEngineering PlantsFertilisers and ChemicalsConstruction and Infrastructure

Solutions being offered by the company:

• Construction and Mining Solution- The Caterpillar equipment product line, consisting of more than 300 machines, sets the standard for industry - one that is increasingly customer--focused. It plans to remain the leader and continue to help and meet the needs of customers with its equipment, with the best distribution and product support system in any capital goods industry and the continual introduction and updating of products. Machines are-Articulated Trucks, Backhoe Loaders, Cold Planers, Compact Track and Multi Terrain Loaders, Compactors, Feller Bunchers, Forest Machines, Forwarders, Hydraulic Excavators, Knuckleboom Loaders, Material Handlers, Motor Graders, Off-Highway Trucks, Paving Equipment, Paving Products, Pipelayers, Road Reclaimers, Skid Steer Loaders, Track Loaders, Track-Type Tractors, Underground Mining, Wheel Dozers, Wheel Loaders, Wheel Tractor-Scrapers 
• Power System Solution- For continuous and quality power and for critical standby applications, discerning customers rely on Gensets powered by Caterpillar engines, sold and serviced by TIL, in diesel, gas and heavy fuel configurations. TIL also packages a range of Gensets and undertakes erection and commissioning of all relevant installations. Generator sets offered by TIL incorporate Caterpillar diesel/gas engines. Caterpillar powered gensets from TIL have excellent market acceptance across a wide user base. In a scenario of demand outpacing availability, these gensets provide users with features that are the hallmark of Caterpillar- economy, reliability, and quality power.
• Material Handling Solution- As a pioneer, TIL has consistently led the market and its manufacturing record represents many ‘firsts’ in India. Pioneering the manufacture of mobile cranes in India, TIL completely changed the landscape of the material handling business. Today, TIL is the source for a comprehensive range of material handling equipment manufactured at its modern, purpose built plant in Kamarhatty, Kolkata. These include Mobile Cranes, Reachstackers, Electric Level Luffing Cranes, Articulated Lorry Loaders, equipment for specialized Defense Applications. Rubber Tyred Gantry Cranes are also planned for manufacture. Manufacturing collaborations are with Grove Worldwide USA (part of Manitowoc Crane Group, USA), Paceco Corp–USA, FAMAK-Poland. With a cutting edge technology and unique, integrated customer support, TIL’s material handling group is lifting India’s core industries to new heights.

Subsidiaries The Company has three subsidiary companies: Myanmar Tractors Limited, TIL Overseas Pte. Limited and Tractors Nepal Private Limited.