Teerth Gopicon Ltd
Incorporated in 2019, Teerth Gopicon Ltd
is an all class civil and Electrical Contractor[1]
- Market Cap ₹ 53.8 Cr.
- Current Price ₹ 44.8
- High / Low ₹ 660 / 38.5
- Stock P/E 4.22
- Book Value ₹ 63.3
- Dividend Yield 0.00 %
- ROCE 27.6 %
- ROE 27.0 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.73 times its book value
- Company has delivered good profit growth of 92.2% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 38.1%
- Debtor days have improved from 126 to 84.6 days.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Working capital days have increased from 81.4 days to 182 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
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 14 | 46 | 31 | 39 | 105 | 118 | |
| 14 | 45 | 30 | 36 | 87 | 94 | |
| Operating Profit | 0 | 1 | 1 | 3 | 18 | 25 |
| OPM % | 3% | 2% | 2% | 8% | 17% | 21% |
| 0 | 0 | 0 | 0 | 0 | 0 | |
| Interest | 0 | 0 | 0 | 0 | 1 | 2 |
| Depreciation | 0 | 0 | 0 | 0 | 1 | 5 |
| Profit before tax | 0 | 1 | 0 | 2 | 16 | 18 |
| Tax % | 0% | 32% | 55% | 29% | 28% | 29% |
| 0 | 0 | 0 | 2 | 12 | 13 | |
| EPS in Rs | 4.90 | 0.92 | 0.30 | 3.40 | 14.45 | 10.70 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 53% |
| 3 Years: | 56% |
| TTM: | 13% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 92% |
| 3 Years: | 341% |
| TTM: | 11% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -91% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 34% |
| 3 Years: | 38% |
| Last Year: | 27% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 1 | 5 | 5 | 5 | 8 | 12 |
| Reserves | 0 | 1 | 1 | 3 | 11 | 64 |
| 11 | 9 | 14 | 4 | 13 | 39 | |
| 10 | 16 | 23 | 35 | 104 | 57 | |
| Total Liabilities | 23 | 31 | 43 | 47 | 136 | 172 |
| 3 | 1 | 1 | 2 | 13 | 24 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 1 | 2 | 2 | 3 | 3 |
| 20 | 28 | 40 | 44 | 120 | 146 | |
| Total Assets | 23 | 31 | 43 | 47 | 136 | 172 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 0 | -4 | 15 | 4 | -39 | ||
| -2 | -1 | -1 | -14 | -15 | ||
| 4 | 4 | -12 | 6 | 56 | ||
| Net Cash Flow | 2 | -0 | 3 | -4 | 1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 377 | 99 | 238 | 178 | 116 | 85 |
| Inventory Days | 189 | 74 | 110 | 109 | 282 | 275 |
| Days Payable | 371 | 153 | 324 | 142 | 79 | 30 |
| Cash Conversion Cycle | 196 | 20 | 24 | 144 | 319 | 330 |
| Working Capital Days | 247 | 79 | 170 | 28 | 34 | 182 |
| ROCE % | 5% | 2% | 16% | 75% | 28% |
Documents
Announcements
-
Resignation
28 October 2025 - CFO Sagar Shah resigned effective 27.10.2025 due to father's medical condition.
-
Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
17 October 2025 - Writ petition by Teerth Gopicon vs Indore Smart City; HC (15-Oct-2025) ordered respondent to hold petitioner’s payment in interest-bearing account.
-
Updates
17 October 2025 - LOA dated 01.05.2025 terminated (received 04.10.2025) for 68,510.492 sq.m parcel; instalment non-payment
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
6 October 2025 - Certificate confirming Reg.74(5) dematerialisation compliance for quarter ended 30/09/2025 (ISIN INE0K6601012).
-
Appointment
3 October 2025 - Shareholders approved M/s S. G Marathe & Co. as statutory auditors from 30 Sep 2025 until AGM 2029-30.
Annual reports
Concalls
-
Jun 2025TranscriptPPTREC
-
Nov 2024TranscriptNotesPPT
Business Overview:[1][2]
a) TGL is an ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certified company and is also registered as an all-class civil and electrical contractor.
b) It specializes in engineering construction and development, mainly focusing on roads, sewerage, and water distribution projects in Madhya Pradesh, particularly in the cities of Indore, Chhatarpur, Sagar, Dindori, Jabalpur, and Ujjain. It is also expanding its geographical footprint to other states.
c) TGL has executed various projects for government departments and has worked as a registered civil contractor for various central and state government departments such as ISCDL, IMC, USCL, UMC, and MPJNM.
d) The company has also undertaken building works for the private sector.