Thejo Engineering Ltd

₹ 1,900 1.68%

10 Jul - 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 ₹ 2,060 Cr.
Current Price ₹ 1,900
High / Low ₹ 2,486 / 1,444
Stock P/E 40.2
Book Value ₹ 327
Dividend Yield 0.26 %
ROCE 19.4 %
ROE 15.7 %
Face Value ₹ 10.0

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Cons

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Peer comparison

Industrials Capital Goods Industrial Manufacturing Industrial Products

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	122	135	134	150	141	131	133	136	153	136	153	162	181
	112	112	111	121	115	112	117	111	125	119	132	144	157
Operating Profit	10	23	23	29	26	18	17	24	28	16	21	18	24
OPM %	8%	17%	17%	19%	18%	14%	13%	18%	18%	12%	14%	11%	13%
	1	1	0	2	-0	1	4	-0	0	2	2	-1	3
Interest	1	2	2	2	1	1	1	1	1	1	1	1	1
Depreciation	3	5	5	5	6	4	5	5	5	4	2	4	4
Profit before tax	6	17	17	24	18	13	15	18	22	13	20	12	22
Tax %	24%	23%	20%	22%	25%	27%	16%	24%	25%	27%	29%	29%	23%
	5	14	14	19	13	10	12	14	17	10	14	8	17
EPS in Rs	4.39	11.84	12.25	16.15	11.59	8.85	10.98	12.13	14.03	8.68	13.92	8.20	14.60
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	186	175	178	220	229	303	327	424	474	559	552	632
	175	162	158	192	197	254	276	355	414	458	464	552
Operating Profit	11	13	20	27	31	49	50	69	60	100	88	80
OPM %	6%	7%	11%	12%	14%	16%	15%	16%	13%	18%	16%	13%
	1	0	0	1	1	0	3	1	3	3	5	7
Interest	6	6	6	6	5	5	4	3	5	6	5	5
Depreciation	6	6	5	5	6	6	9	11	12	20	19	15
Profit before tax	0	1	9	17	22	38	41	56	46	77	68	67
Tax %	1,240%	149%	34%	23%	31%	21%	27%	24%	24%	23%	23%	27%
	-2	-1	6	13	15	30	29	43	35	59	52	49
EPS in Rs	-0.22	0.20	5.59	10.73	12.97	24.17	25.19	35.31	30.30	51.69	46.00	45.41
Dividend Payout %	-522%	572%	21%	12%	13%	7%	8%	6%	7%	6%	11%	0%

Compounded Sales Growth
10 Years:	14%
5 Years:	14%
3 Years:	10%
TTM:	15%

Compounded Profit Growth
10 Years:	80%
5 Years:	14%
3 Years:	16%
TTM:	2%

Stock Price CAGR
10 Years:	%
5 Years:	18%
3 Years:	4%
1 Year:	-15%

Return on Equity
10 Years:	20%
5 Years:	20%
3 Years:	19%
Last Year:	16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	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	48	46	52	62	74	98	125	154	186	240	287	344
	37	39	41	34	31	36	18	38	45	43	30	41
	60	54	41	54	60	79	94	98	121	119	119	153
Total Liabilities	148	143	138	153	169	216	240	301	362	412	446	549
	31	30	29	32	34	32	46	66	112	108	103	152
CWIP	0	0	1	1	0	0	1	1	2	2	16	13
Investments	0	0	0	0	0	0	0	0	0	0	0	0
	116	112	108	119	135	184	193	234	249	301	328	384
Total Assets	148	143	138	153	169	216	240	301	362	412	446	549

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1	4	12	24	20	19	52	27	59	52	73	39
	-4	-4	-5	-8	-6	-5	-13	-15	-51	-19	-44	-59
	4	-4	-4	-15	-9	-2	-31	-0	-8	-15	-22	-10
Net Cash Flow	1	-4	3	1	5	13	8	13	0	17	6	-31
Free Cash Flow	-5	-0	6	15	13	15	39	13	9	31	32	5
CFO/OP	31%	53%	72%	100%	84%	52%	125%	59%	120%	69%	105%	74%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	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	108	112	120	109	102	122	104	92	83	89	89	100
Inventory Days	110	281	221	196	315	229	214	198	201	194	209	234
Days Payable	131	193	185	155	207	178	223	131	161	126	130	181
Cash Conversion Cycle	87	200	157	150	210	173	94	159	123	156	168	153
Working Capital Days	25	33	38	52	63	73	75	84	70	82	86	92
ROCE %	7%	8%	16%	22%	24%	33%	28%	31%	21%	28%	22%	19%

Insights

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Adhesives Production
Tonnes ・Standalone data

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Moulded and Extruded Products Production
Tonnes ・Standalone data

Permanent Employees
Count ・Standalone data

Service Locations (Site Offices)
Count ・Standalone data

Services Segment Revenue Share
% of consolidated revenue

Cumulative Patents Granted
Count ・Standalone data

Order Book
INR Crore

Moulding Capacity
Tonnes per annum ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Mar 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	54.34%	54.22%	54.15%	54.02%	53.64%	53.63%	53.62%	53.62%	53.62%	53.62%	53.61%	53.61%
	0.14%	0.00%	0.00%	0.49%	0.12%	0.23%	0.66%	0.67%	0.65%	0.66%	0.79%	0.84%
	0.45%	0.72%	0.72%	0.76%	0.89%	2.41%	2.45%	3.02%	3.20%	3.34%	3.14%	3.17%
	45.07%	45.06%	45.13%	44.72%	45.36%	43.72%	43.27%	42.69%	42.53%	42.38%	42.46%	42.37%
No. of Shareholders	1,156	1,449	3,611	4,342	5,468	7,249	7,743	7,670	8,045	8,345	8,070	7,909

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

* 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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