Shares of Shri Gang Industries & Allied Products Ltd saw a strong rally after the company signed a five-year IMFL bottling agreement with Tilaknagar Industries Ltd. The stock surged by as much as 19% during trading, reflecting positive investor sentiment following the announcement.
The agreement involves leasing and manufacturing arrangements under which Shri Gang Industries will bottle Indian Made Foreign Liquor (IMFL) brands at its manufacturing facility in Uttar Pradesh. The contract will run from April 2026 to March 2031 and is expected to improve plant capacity utilisation while providing better long-term business visibility.
During the trading session, the company’s shares were quoted around ₹80.59, about 4% higher than the previous closing price of ₹77.98. The company currently has a market capitalisation of around ₹153.36 crore.
Financial Performance Improves
The company has also reported stronger financial performance. Revenue increased 28%, rising from ₹89 crore in Q3FY25 to ₹114 crore in Q3FY26. Net profit also grew by 40%, from ₹10 crore to ₹14 crore, indicating improved operational performance.
Operational metrics have strengthened as well. Between December 2024 and December 2025, operating profit rose from ₹15 crore to ₹21 crore, while the operating profit margin (OPM) improved from 16% to 19%, reflecting better efficiency and cost management.
Company Operations
Shri Gang Industries operates across several segments of the alcohol value chain. The company produces Extra Neutral Alcohol (ENA), potable alcohol, grain spirit, rectified spirit, and IMFL. Its manufacturing unit in Sandila, Uttar Pradesh, is equipped with modern infrastructure designed for large-scale alcohol processing and bottling.
The company also maintains strategic partnerships within the liquor industry. It has a collaboration with United Spirits Limited, part of the Diageo Group, under which it manufactures and bottles well-known liquor brands for the Uttar Pradesh market. This partnership has helped strengthen its position as a reliable contract manufacturer in India’s premium liquor segment.
Overall, the new agreement with Tilaknagar Industries is expected to support higher production utilisation and steady business growth for the company in the coming years.
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