Thejo Engineering Ltd
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]
- Market Cap ₹ 2,024 Cr.
- Current Price ₹ 1,866
- High / Low ₹ 2,874 / 1,446
- Stock P/E 40.7
- Book Value ₹ 275
- Dividend Yield 0.27 %
- ROCE 22.1 %
- ROE 18.2 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
Cons
* 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
147 | 186 | 175 | 178 | 220 | 229 | 303 | 327 | 424 | 474 | 559 | 552 | 558 | |
133 | 175 | 162 | 158 | 192 | 197 | 254 | 276 | 355 | 414 | 458 | 464 | 472 | |
Operating Profit | 14 | 11 | 13 | 20 | 27 | 31 | 49 | 50 | 69 | 60 | 100 | 88 | 86 |
OPM % | 9% | 6% | 7% | 11% | 12% | 14% | 16% | 15% | 16% | 13% | 18% | 16% | 15% |
1 | 1 | 0 | 0 | 1 | 1 | 0 | 3 | 1 | 3 | 3 | 5 | 7 | |
Interest | 5 | 6 | 6 | 6 | 6 | 5 | 5 | 4 | 3 | 5 | 6 | 5 | 5 |
Depreciation | 4 | 6 | 6 | 5 | 5 | 6 | 6 | 9 | 11 | 12 | 20 | 19 | 19 |
Profit before tax | 6 | 0 | 1 | 9 | 17 | 22 | 38 | 41 | 56 | 46 | 77 | 68 | 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 | 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 | 45.82 |
Dividend Payout % | 38% | -522% | 572% | 21% | 12% | 13% | 7% | 8% | 6% | 7% | 6% | 11% |
Compounded Sales Growth | |
---|---|
10 Years: | 11% |
5 Years: | 13% |
3 Years: | 9% |
TTM: | 0% |
Compounded Profit Growth | |
---|---|
10 Years: | 75% |
5 Years: | 14% |
3 Years: | 10% |
TTM: | -5% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 38% |
3 Years: | 21% |
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 | 168 |
Working Capital Days | 20 | 25 | 33 | 38 | 52 | 63 | 73 | 75 | 84 | 70 | 82 | 86 |
ROCE % | 13% | 7% | 8% | 16% | 22% | 24% | 33% | 28% | 31% | 21% | 28% | 22% |
Documents
Announcements
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Shareholders meeting
29 August 2025 - 39th AGM (Aug 29, 2025): all agenda items passed; voting results and scrutinizer report attached.
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Shareholders meeting
29 August 2025 - 39th AGM on Aug 29, 2025: adopted FY2024-25 accounts, declared dividend, reappointed two directors, auditor matters.
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Capacity addition
28 August 2025 - Board approved Rs.40 Crore capex to add ~2,600 tpa capacity within 10–12 months (28 Aug 2025).
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Copy of Newspaper Publication
13 August 2025 - Newspaper advertisement published for Thejo Engineering's Q1 FY2026 financial results.
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Outcome of Board Meeting
12 August 2025 - Q1 FY26 results: 11% standalone revenue growth; Rs. 222 Cr order book; Rs. 2 Cr repeat order from Australia.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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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]