Thejo Engineering Ltd

₹ 2,044 -0.52%

26 Aug - close price

About

Thejo Engineering Ltd., incorporated in 1986, is an Engineering Solutions provider for Bulk Material Handling, Mineral Processing and Corrosion Protection to the Core Sector Industries like mining, power, steel, cement, ports and fertilisers. ^[1]

Key Points

Business Profile^[1]
Established in 1986, the company has over four decades of engineering expertise and has evolved from a conveyor belt service provider into a fully integrated engineering solutions company. It serves 600+ global customers across mining, metals, cement, power, chemicals, and other industries, supported by 2,300+ employees under a Products, Services, and O&M lifecycle model.

Website NSE

Market Cap ₹ 2,217 Cr.
Current Price ₹ 2,044
High / Low ₹ 2,287 / 1,444
Stock P/E 35.2
Book Value ₹ 292
Dividend Yield 0.24 %
ROCE 25.6 %
ROE 19.6 %
Face Value ₹ 10.0

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Pros

Company is almost debt free.
Company has delivered good profit growth of 21.7% CAGR over last 5 years

Cons

Stock is trading at 7.00 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

Industrials Capital Goods Industrial Manufacturing Industrial Products

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	95	99	97	100	100	102	112	123	111	126	133	145	144
	79	81	78	85	81	82	90	100	95	103	114	120	122
Operating Profit	16	19	19	16	19	20	22	23	15	23	19	24	23
OPM %	17%	19%	20%	16%	19%	20%	20%	19%	14%	18%	14%	17%	16%
	0	0	1	-0	0	1	0	0	1	2	-2	3	1
Interest	1	1	1	1	1	1	1	1	1	1	1	1	1
Depreciation	3	3	4	5	3	4	4	4	3	1	2	2	2
Profit before tax	12	15	16	10	15	16	18	19	13	23	14	24	20
Tax %	26%	26%	26%	26%	26%	26%	26%	26%	26%	26%	25%	25%	26%
	8	11	12	7	11	12	13	14	9	17	11	18	15
EPS in Rs	7.93	10.12	10.75	6.65	10.41	10.91	11.98	12.81	8.69	15.89	9.94	16.33	14.02
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	169	157	147	173	190	201	213	277	332	391	436	514	548
	152	140	131	152	163	175	178	230	285	322	351	432	459
Operating Profit	17	17	17	20	26	26	35	47	47	69	85	82	89
OPM %	10%	11%	11%	12%	14%	13%	16%	17%	14%	18%	19%	16%	16%
	1	1	1	1	1	1	3	1	2	2	1	4	4
Interest	5	6	6	5	4	3	3	2	4	4	4	4	4
Depreciation	5	4	4	4	4	5	6	7	8	15	15	8	7
Profit before tax	8	8	8	13	19	19	29	39	37	51	67	74	82
Tax %	32%	31%	32%	31%	29%	27%	25%	25%	26%	26%	26%	26%
	5	6	6	9	14	14	21	29	28	38	50	55	61
EPS in Rs	5.31	5.43	5.45	8.46	13.17	13.21	20.44	27.45	25.77	35.35	46.11	50.83	56.18
Dividend Payout %	22%	21%	21%	16%	13%	13%	10%	7%	8%	8%	11%	10%

Compounded Sales Growth
10 Years:	13%
5 Years:	19%
3 Years:	16%
TTM:	23%

Compounded Profit Growth
10 Years:	26%
5 Years:	22%
3 Years:	27%
TTM:	31%

Stock Price CAGR
10 Years:	%
5 Years:	18%
3 Years:	9%
1 Year:	7%

Return on Equity
10 Years:	18%
5 Years:	19%
3 Years:	20%
Last Year:	20%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	3	3	3	3	3	3	4	11	11	11	11	11
Reserves	61	65	71	78	90	103	123	143	169	206	255	306
	36	39	41	26	23	16	12	23	28	29	20	29
	49	43	28	40	41	50	54	61	79	76	79	104
Total Liabilities	149	150	143	148	158	172	192	237	287	323	364	449
	22	21	20	23	24	23	32	48	85	84	79	94
CWIP	0	0	1	1	0	0	1	1	2	2	0	12
Investments	16	19	20	20	21	21	23	23	23	30	33	35
	111	110	102	104	113	128	136	165	177	206	252	308
Total Assets	149	150	143	148	158	172	192	237	287	323	364	449

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	10	12	8	21	18	16	28	19	47	40	46	37
	-11	-11	-3	-0	-5	-2	-7	-7	-45	-24	-18	-48
	-0	-3	-4	-21	-9	-12	-16	-9	0	-5	-15	-11
Net Cash Flow	-1	-2	1	0	5	1	4	3	3	12	13	-21
Free Cash Flow	6	9	4	14	14	12	22	12	3	22	35	12
CFO/OP	78%	87%	63%	122%	90%	85%	97%	63%	123%	78%	75%	69%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	117	121	140	132	116	132	123	111	97	95	103	116
Inventory Days	111	199	185	167	213	251	239	218	177	185	172	171
Days Payable	121	154	137	170	181	200	194	156	172	136	132	169
Cash Conversion Cycle	107	166	188	129	148	182	168	173	101	145	142	118
Working Capital Days	41	45	52	61	65	80	93	97	72	78	91	98
ROCE %	14%	13%	12%	16%	20%	18%	24%	26%	21%	24%	27%	26%

Insights

In beta

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Adhesives Production
Tonnes

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Moulded and Extruded Products Production
Tonnes

Permanent Employees
Count

Service Locations (Site Offices)
Count

Services Segment Revenue Share
% of consolidated revenue

Cumulative Patents Granted
Count

Order Book
INR Crore

Moulding Capacity
Tonnes per annum

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	54.22%	54.15%	54.02%	53.64%	53.63%	53.62%	53.62%	53.62%	53.62%	53.61%	53.61%	53.61%
	0.00%	0.00%	0.49%	0.12%	0.23%	0.66%	0.67%	0.65%	0.66%	0.79%	0.84%	0.85%
	0.72%	0.72%	0.76%	0.89%	2.41%	2.45%	3.02%	3.20%	3.34%	3.14%	3.17%	3.38%
	45.06%	45.13%	44.72%	45.36%	43.72%	43.27%	42.69%	42.53%	42.38%	42.46%	42.37%	42.17%
No. of Shareholders	1,449	3,611	4,342	5,468	7,249	7,743	7,670	8,045	8,345	8,070	7,909	8,000

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 2026
	57.24%	56.70%	56.70%	56.63%	56.25%	55.32%	54.71%	54.34%	54.02%	53.62%	53.61%	53.61%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.14%	0.49%	0.67%	0.84%	0.85%
	22.36%	22.25%	12.06%	11.24%	8.37%	0.00%	0.00%	0.45%	0.76%	3.02%	3.17%	3.38%
	20.41%	21.05%	31.23%	32.13%	35.39%	44.67%	45.30%	45.07%	44.72%	42.69%	42.37%	42.17%
No. of Shareholders	234	224	258	252	359	608	1,038	1,156	4,342	7,670	7,909	8,000

* 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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Thejo Engineering Ltd

Thejo Engineering Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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