Tega Industries Ltd
Established in 1976, Tega Industries is a leading manufacturer and distributor of specialized, critical, and recurring consumable products for the global mineral beneficiation, mining, and bulk solids handling industry. Globally, Tega industries are the second largest producers of polymer-based mill liners, based on revenues for the year 2020.[1]
- Market Cap ₹ 9,778 Cr.
- Current Price ₹ 1,470
- High / Low ₹ 2,329 / 1,200
- Stock P/E 55.6
- Book Value ₹ 197
- Dividend Yield 0.14 %
- ROCE 17.8 %
- ROE 14.3 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 22.0% CAGR over last 5 years
Cons
- Stock is trading at 7.48 times its book value
- Company has a low return on equity of 12.7% over last 3 years.
- Working capital days have increased from 186 days to 279 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Engineering Industry: Engineering
Part of BSE SmallCap BSE Allcap BSE Industrials Nifty Microcap 250 Nifty Total Market
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|
220 | 303 | 384 | 444 | 447 | 497 | 592 | 715 | 737 | 895 | |
208 | 304 | 331 | 361 | 362 | 371 | 484 | 562 | 571 | 688 | |
Operating Profit | 12 | -1 | 53 | 83 | 85 | 126 | 108 | 153 | 166 | 207 |
OPM % | 6% | -0% | 14% | 19% | 19% | 25% | 18% | 21% | 23% | 23% |
21 | 11 | 12 | 19 | 33 | 217 | 45 | 25 | 29 | 56 | |
Interest | 4 | 5 | 11 | 15 | 17 | 14 | 9 | 11 | 11 | 8 |
Depreciation | 9 | 19 | 24 | 24 | 26 | 25 | 21 | 18 | 20 | 24 |
Profit before tax | 20 | -14 | 31 | 63 | 76 | 305 | 124 | 150 | 164 | 230 |
Tax % | 35% | 19% | 31% | 19% | 15% | 10% | 22% | 24% | 23% | 24% |
13 | -16 | 21 | 51 | 64 | 274 | 96 | 114 | 126 | 176 | |
EPS in Rs | 2.30 | -2.81 | 3.69 | 8.83 | 11.19 | 47.49 | 14.47 | 17.15 | 19.01 | 26.44 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 12% | 11% | 8% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 15% |
3 Years: | 15% |
TTM: | 21% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 22% |
3 Years: | 22% |
TTM: | 39% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 49% |
1 Year: | -2% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 16% |
3 Years: | 13% |
Last Year: | 14% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 58 | 58 | 58 | 58 | 58 | 58 | 66 | 66 | 67 | 67 |
Reserves | 421 | 345 | 367 | 417 | 481 | 755 | 851 | 965 | 1,079 | 1,241 |
54 | 121 | 160 | 147 | 228 | 167 | 170 | 160 | 126 | 106 | |
51 | 117 | 100 | 112 | 102 | 136 | 141 | 127 | 183 | 142 | |
Total Liabilities | 583 | 642 | 684 | 734 | 868 | 1,115 | 1,228 | 1,318 | 1,454 | 1,556 |
62 | 171 | 159 | 125 | 131 | 142 | 140 | 156 | 171 | 183 | |
CWIP | 6 | 8 | 5 | 4 | 9 | 5 | 5 | 8 | 7 | 4 |
Investments | 275 | 180 | 168 | 243 | 397 | 626 | 641 | 721 | 764 | 741 |
240 | 282 | 352 | 361 | 331 | 342 | 442 | 433 | 512 | 629 | |
Total Assets | 583 | 642 | 684 | 734 | 868 | 1,115 | 1,228 | 1,318 | 1,454 | 1,556 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|
58 | 15 | 54 | 109 | 132 | 8 | 144 | 105 | 17 | ||
-31 | -2 | -56 | -152 | -67 | -6 | -119 | -54 | 22 | ||
-29 | 15 | -34 | 47 | -70 | 1 | -24 | -51 | -38 | ||
Net Cash Flow | -2 | 28 | -36 | 5 | -5 | 2 | 1 | -0 | 1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 190 | 156 | 170 | 183 | 151 | 132 | 120 | 105 | 116 | 137 |
Inventory Days | 211 | 272 | 162 | 146 | 172 | 200 | 231 | 168 | 245 | 189 |
Days Payable | 129 | 209 | 131 | 134 | 100 | 140 | 94 | 69 | 97 | 61 |
Cash Conversion Cycle | 272 | 219 | 200 | 196 | 223 | 193 | 257 | 204 | 264 | 265 |
Working Capital Days | 277 | 157 | 186 | 188 | 160 | 143 | 174 | 134 | 146 | 279 |
ROCE % | -2% | 8% | 13% | 13% | 37% | 13% | 14% | 14% | 18% |
Documents
Announcements
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Announcement Under Reg. 30 Of The SEBI LODR - Sale Of Business Of Tega Industries Australia Pty Ltd, A Wholly Owned Subsidiary Of The Company
2d - Tega Australia sells business to step-down subsidiary Losugen for AUD 1.9M to streamline operations.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
21 May - Tega Industries reports 11% FY25 revenue growth, 23% EBITDA margin, strong order book, and resolved Chile project delays.
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Announcement under Regulation 30 (LODR)-Investor Presentation
16 May - Investor Presentation for the Quarter and Financial Year ended March 31, 2025.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
16 May - Publication of Audited Financial Results for the Quarter and Financial Year ended March 31, 2025.
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Audio Recording Of The Earnings Call Dated May 15, 2025
15 May - Audio recording of May 15, 2025 earnings call for FY ended March 31, 2025 uploaded on company website.
Annual reports
Concalls
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May 2025Transcript PPT
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May 2025TranscriptNotesPPT
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Feb 2025Transcript PPT
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Nov 2024Transcript PPT REC
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Aug 2024Transcript PPT REC
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May 2024Transcript PPT
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Sep 2023TranscriptPPTREC
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Aug 2023TranscriptNotesPPT
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Jun 2023Transcript PPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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Jun 2022Transcript PPT
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Feb 2022Transcript PPT
Business Segments
1) Consumables (86% in FY24 vs ~97% in FY23): The company manufactures and distributes specialized ‘critical to operate’ and recurring consumable products for the global mineral beneficiation, mining, and bulk solids handling industry.