Thejo Engineering Ltd

₹ 1,936 6.94%

10 Jun - 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

Products
The company specializes in designing, developing, manufacturing, and supplying rubber and polyurethane-based engineered products for various applications, including belt cleaning, spillage control, flow enhancement, impact and abrasion protection, and screening. ^[1]

Website NSE

Market Cap ₹ 2,099 Cr.
Current Price ₹ 1,936
High / Low ₹ 3,708 / 1,446
Stock P/E 42.1
Book Value ₹ 275
Dividend Yield 0.15 %
ROCE 22.1 %
ROE 18.2 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.

Cons

Stock is trading at 7.05 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

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	111	119	122	122	135	134	150	141	131	133	136	153
	92	104	107	112	112	111	121	115	112	117	111	125
Operating Profit	19	15	15	10	23	23	29	26	18	17	24	28
OPM %	17%	13%	12%	8%	17%	17%	19%	18%	14%	13%	18%	18%
	0	1	1	1	1	0	2	-0	1	4	-0	0
Interest	1	1	1	1	2	2	2	1	1	1	1	1
Depreciation	3	3	3	3	5	5	5	6	4	5	5	5
Profit before tax	16	12	12	6	17	17	24	18	13	15	18	22
Tax %	25%	23%	23%	24%	23%	20%	22%	25%	27%	16%	24%	25%
	12	9	9	5	14	14	19	13	10	12	14	17
EPS in Rs	9.82	7.75	8.38	4.39	11.84	12.25	16.15	11.59	8.85	10.98	12.13	14.03
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	147	186	175	178	220	229	303	327	424	474	559	553
	133	175	162	158	192	197	254	276	355	414	458	465
Operating Profit	14	11	13	20	27	31	49	50	69	60	100	88
OPM %	9%	6%	7%	11%	12%	14%	16%	15%	16%	13%	18%	16%
	1	1	0	0	1	1	0	3	1	3	3	5
Interest	5	6	6	6	6	5	5	4	3	5	6	5
Depreciation	4	6	6	5	5	6	6	9	11	12	20	19
Profit before tax	6	0	1	9	17	22	38	41	56	46	77	68
Tax %	79%	1,240%	149%	34%	23%	31%	21%	27%	24%	24%	23%	23%
	1	-2	-1	6	13	15	30	29	43	35	59	52
EPS in Rs	3.04	-0.22	0.20	5.59	10.73	12.97	24.17	25.19	35.31	30.30	51.69	46.00
Dividend Payout %	38%	-522%	572%	21%	12%	13%	7%	8%	6%	7%	6%	0%

Compounded Sales Growth
10 Years:	12%
5 Years:	13%
3 Years:	9%
TTM:	-1%

Compounded Profit Growth
10 Years:	75%
5 Years:	14%
3 Years:	10%
TTM:	-9%

Stock Price CAGR
10 Years:	%
5 Years:	59%
3 Years:	26%
1 Year:	-32%

Return on Equity
10 Years:	20%
5 Years:	21%
3 Years:	20%
Last Year:	18%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	3	3	3	3	3	3	3	4	11	11	11	11
Reserves	50	48	46	52	62	74	98	125	154	186	240	287
	31	37	39	41	34	31	36	18	38	45	43	30
	50	60	54	41	54	60	79	94	98	121	119	119
Total Liabilities	135	148	143	138	153	169	216	240	301	362	412	446
	33	31	30	29	32	34	32	46	66	112	108	103
CWIP	1	0	0	1	1	0	0	1	1	2	2	16
Investments	0	0	0	0	0	0	0	0	0	0	0	0
	101	116	112	108	119	135	184	193	234	249	301	328
Total Assets	135	148	143	138	153	169	216	240	301	362	412	446

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	5	1	4	12	24	20	19	52	27	59	52	73
	-13	-4	-4	-5	-8	-6	-5	-13	-15	-51	-19	-44
	4	4	-4	-4	-15	-9	-2	-31	-0	-8	-15	-22
Net Cash Flow	-4	1	-4	3	1	5	13	8	13	0	17	6

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	115	108	112	120	109	102	122	104	92	83	89	89
Inventory Days	117	110	281	221	196	315	229	214	198	201	194	209
Days Payable	107	131	193	185	155	207	178	223	131	161	126	130
Cash Conversion Cycle	124	87	200	157	150	210	173	94	159	123	156	167
Working Capital Days	91	82	94	105	82	96	95	82	88	76	88	89
ROCE %	13%	7%	8%	16%	22%	24%	33%	28%	31%	21%	28%	22%

Shareholding Pattern

Numbers in percentages

	Sep 2021	Oct 2021	Mar 2022	Sep 2022	Mar 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	54.84%	54.84%	54.71%	54.44%	54.34%	54.22%	54.15%	54.02%	53.64%	53.63%	53.62%	53.62%
	0.00%	0.00%	0.00%	0.00%	0.14%	0.00%	0.00%	0.49%	0.12%	0.23%	0.66%	0.67%
	0.00%	0.00%	0.00%	0.00%	0.45%	0.72%	0.72%	0.76%	0.89%	2.41%	2.45%	3.02%
	45.16%	45.16%	45.30%	45.56%	45.07%	45.06%	45.13%	44.72%	45.36%	43.72%	43.27%	42.69%
No. of Shareholders	775	879	1,038	1,220	1,156	1,449	3,611	4,342	5,468	7,249	7,743	7,670

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

* 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

Shareholding Pattern

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