Teerth Gopicon Ltd
Incorporated in 2019, Teerth Gopicon Ltd
is an all class civil and Electrical Contractor[1]
- Market Cap ₹ 63.8 Cr.
- Current Price ₹ 53.2
- High / Low ₹ 660 / 47.2
- Stock P/E 4.97
- Book Value ₹ 63.3
- Dividend Yield 0.00 %
- ROCE 30.7 %
- ROE 27.0 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.84 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Working capital days have increased from 107 days to 181 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | |
|---|---|---|
| 105 | 118 | |
| 87 | 94 | |
| Operating Profit | 18 | 25 |
| OPM % | 17% | 21% |
| 0 | 0 | |
| Interest | 1 | 2 |
| Depreciation | 1 | 5 |
| Profit before tax | 16 | 18 |
| Tax % | 28% | 29% |
| 12 | 13 | |
| EPS in Rs | 14.45 | 10.70 |
| Dividend Payout % | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 13% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 11% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -91% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 27% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | |
|---|---|---|
| Equity Capital | 8 | 12 |
| Reserves | 11 | 64 |
| 13 | 24 | |
| 104 | 74 | |
| Total Liabilities | 136 | 175 |
| 13 | 24 | |
| CWIP | 0 | 0 |
| Investments | 3 | 3 |
| 120 | 148 | |
| Total Assets | 136 | 175 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | |
|---|---|---|
| 4 | -22 | |
| -14 | -15 | |
| 6 | 39 | |
| Net Cash Flow | -4 | 2 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | |
|---|---|---|
| Debtor Days | 116 | 85 |
| Inventory Days | 282 | 275 |
| Days Payable | 79 | 30 |
| Cash Conversion Cycle | 319 | 330 |
| Working Capital Days | 34 | 181 |
| ROCE % | 31% |
Documents
Announcements
-
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.
-
Shareholders meeting
3 October 2025 - AGM 30 Sep 2025: six resolutions, including audited accounts and director/auditor appointments, all approved.
-
Shareholders meeting
30 September 2025 - 30 Sep 2025 AGM: adopted FY2024-25 financials; auditor appointment; director remuneration; charges and group-loan approvals.
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Fraud/Default/Arrest
30 September 2025 - CBI investigation into Teerth Gopicon; MD Maheshbhai Kumbhani bail denied (27 Sep 2025); Rs.183 Crore alleged
Annual reports
Concalls
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Jun 2025TranscriptPPTREC
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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.