Tega Industries Ltd

Tega Industries Ltd

₹ 1,252 -2.11%
23 Feb - close price
About

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]

Key Points

Presence across the Entire Value chain
The company is the second-largest producer globally of polymer-based mill liners in terms of revenues. It is present across the value chain of a mineral processing site, providing a wide range of products and solutions for processing across different stages of mineral processing. [1]

  • Market Cap 8,337 Cr.
  • Current Price 1,252
  • High / Low 1,380 / 604
  • Stock P/E 45.9
  • Book Value 163
  • Dividend Yield 0.16 %
  • ROCE 21.4 %
  • ROE 20.7 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 46.8% CAGR over last 5 years

Cons

  • Stock is trading at 7.69 times its book value

* 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
214 249 173 231 258 290 244 276 297 396 268 377 340
167 194 150 191 207 221 198 222 230 294 229 296 284
Operating Profit 47 55 23 39 51 69 46 54 67 103 39 82 56
OPM % 22% 22% 14% 17% 20% 24% 19% 20% 23% 26% 15% 22% 16%
15 9 7 3 4 13 -2 8 12 8 9 4 7
Interest 4 5 4 3 2 8 5 5 5 3 8 9 8
Depreciation 10 10 10 10 9 9 9 10 10 12 14 14 14
Profit before tax 48 50 16 29 44 65 30 47 64 96 27 63 42
Tax % 34% 17% 27% 23% 24% 25% 23% 25% 24% 19% 20% 25% 15%
32 41 12 23 34 49 23 35 48 77 21 47 36
EPS in Rs 5.48 7.15 2.06 3.91 5.07 7.37 3.48 5.33 7.30 11.64 3.22 7.13 5.36
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
622 534 497 549 634 685 806 952 1,214 1,382
547 481 467 475 534 576 613 768 942 1,102
Operating Profit 75 53 31 74 100 109 193 184 272 280
OPM % 12% 10% 6% 13% 16% 16% 24% 19% 22% 20%
5 6 24 22 9 12 50 27 25 29
Interest 36 23 20 22 25 23 19 17 19 28
Depreciation 26 30 35 33 38 38 40 39 41 53
Profit before tax 18 5 0 40 46 59 184 155 236 228
Tax % 183% 292% 2,400% 30% 30% -11% 26% 25% 22%
-15 -10 -2 28 33 66 136 117 184 182
EPS in Rs -2.48 -1.74 -0.41 4.88 5.66 11.37 23.68 17.63 27.73 27.35
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 7%
Compounded Sales Growth
10 Years: %
5 Years: 17%
3 Years: 21%
TTM: 25%
Compounded Profit Growth
10 Years: %
5 Years: 47%
3 Years: 41%
TTM: 17%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 97%
Return on Equity
10 Years: %
5 Years: 19%
3 Years: 21%
Last Year: 21%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 58 58 58 58 58 58 58 66 66 66
Reserves 381 360 282 311 335 396 547 670 983 1,017
Preference Capital 9 9 9 9 9 9 9 0 0
347 311 230 240 244 278 220 245 361 344
103 114 180 159 149 149 185 189 219 300
Total Liabilities 889 843 749 767 785 881 1,010 1,170 1,629 1,728
231 234 296 287 284 266 296 298 548 567
CWIP 17 8 8 5 4 9 7 10 12 17
Investments 83 71 73 60 77 158 201 199 217 286
558 530 373 415 420 448 505 663 852 858
Total Assets 889 843 749 767 785 881 1,010 1,170 1,629 1,728

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
60 44 69 128 170 14 179
-14 8 -14 -102 -80 -25 -235
-44 -22 -93 -9 -79 3 63
Net Cash Flow 2 30 -38 18 11 -8 6

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 107 127 118 113 116 97 100 106 121
Inventory Days 175 194 240 190 172 177 179 229 200
Days Payable 104 109 169 122 114 87 111 88 77
Cash Conversion Cycle 178 213 188 181 173 187 168 247 244
Working Capital Days 149 156 106 123 126 121 114 153 162
ROCE % 6% 3% 10% 12% 12% 26% 19% 21%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
79.17% 79.17% 79.17% 79.17% 79.17% 79.10% 74.99% 74.88% 74.88%
2.73% 2.17% 2.39% 2.48% 2.46% 2.41% 2.50% 1.83% 1.48%
7.48% 8.95% 9.57% 10.91% 11.67% 12.05% 16.64% 17.52% 18.33%
10.62% 9.71% 8.87% 7.44% 6.71% 6.43% 5.87% 5.75% 5.30%
No. of Shareholders 1,27,9411,12,6821,03,56091,49682,06770,71660,66559,45859,603

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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