Tega Industries Ltd

Tega Industries Ltd

₹ 698 3.67%
29 Mar - 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 4,642 Cr.
  • Current Price 698
  • High / Low 710 / 402
  • Stock P/E 29.8
  • Book Value 116
  • Dividend Yield 0.00 %
  • ROCE 19.0 %
  • ROE 17.3 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 218% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend

* 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: Miscellaneous Industry: Miscellaneous

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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
214 249 173 231 258 290 244 276 297
167 194 150 191 207 221 198 222 230
Operating Profit 47 55 23 39 51 69 46 54 67
OPM % 22% 22% 14% 17% 20% 24% 19% 20% 23%
15 9 7 3 4 13 -2 8 12
Interest 4 5 4 3 2 8 5 5 5
Depreciation 10 10 10 10 9 9 9 10 10
Profit before tax 48 50 16 29 44 65 30 47 64
Tax % 34% 17% 27% 23% 24% 25% 23% 25% 24%
Net Profit 32 41 12 23 34 49 23 35 48
EPS in Rs 5.48 7.15 2.06 3.91 5.07 7.37 3.48 5.33 7.30
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 TTM
622 534 497 549 634 685 806 952 1,108
547 481 467 475 534 576 613 768 871
Operating Profit 75 53 31 74 100 109 193 184 237
OPM % 12% 10% 6% 13% 16% 16% 24% 19% 21%
5 6 24 22 9 12 50 27 30
Interest 36 23 20 22 25 23 19 17 23
Depreciation 26 30 35 33 38 38 40 39 38
Profit before tax 18 5 0 40 46 59 184 155 206
Tax % 183% 292% 2,400% 30% 30% -11% 26% 25%
Net Profit -15 -10 -2 28 33 66 136 117 156
EPS in Rs -2.48 -1.74 -0.41 4.88 5.66 11.37 23.68 17.63 23.48
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 14%
3 Years: 15%
TTM: 22%
Compounded Profit Growth
10 Years: %
5 Years: 218%
3 Years: 51%
TTM: 43%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 43%
Return on Equity
10 Years: %
5 Years: 16%
3 Years: 20%
Last Year: 17%

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 Sep 2022
66 66 66 66 66 66 66 66 66
Reserves 381 360 282 311 335 396 547 670 703
347 311 230 240 244 278 220 245 227
103 114 180 159 149 149 185 189 176
Total Liabilities 889 843 749 767 785 881 1,010 1,170 1,172
231 234 296 287 284 266 296 298 321
CWIP 17 8 8 5 4 9 7 10 19
Investments 83 71 73 60 77 158 201 199 206
558 530 373 415 420 448 505 663 626
Total Assets 889 843 749 767 785 881 1,010 1,170 1,172

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
60 44 69 128 170 14
-14 8 -14 -102 -80 -25
-44 -22 -93 -9 -79 3
Net Cash Flow 2 30 -38 18 11 -8

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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

Shareholding Pattern

Numbers in percentages

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
79.17 79.17 79.17 79.17 79.17
2.73 2.17 2.39 2.48 2.46
7.48 8.95 9.57 10.91 11.67
10.62 9.71 8.87 7.44 6.71

* 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.

Click on the line-items to see the names of individual entities.

Documents

Concalls