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 ₹ 2,217 Cr.
- Current Price ₹ 2,044
- High / Low ₹ 2,287 / 1,444
- Stock P/E 38.3
- Book Value ₹ 327
- Dividend Yield 0.24 %
- ROCE 19.4 %
- ROE 15.7 %
- Face Value ₹ 10.0
Pros
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 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 186 | 175 | 178 | 220 | 229 | 303 | 327 | 424 | 474 | 559 | 552 | 632 | 674 | |
| 175 | 162 | 158 | 192 | 197 | 254 | 276 | 355 | 414 | 458 | 464 | 552 | 585 | |
| Operating Profit | 11 | 13 | 20 | 27 | 31 | 49 | 50 | 69 | 60 | 100 | 88 | 80 | 89 |
| OPM % | 6% | 7% | 11% | 12% | 14% | 16% | 15% | 16% | 13% | 18% | 16% | 13% | 13% |
| 1 | 0 | 0 | 1 | 1 | 0 | 3 | 1 | 3 | 3 | 5 | 7 | 7 | |
| Interest | 6 | 6 | 6 | 6 | 5 | 5 | 4 | 3 | 5 | 6 | 5 | 5 | 5 |
| Depreciation | 6 | 6 | 5 | 5 | 6 | 6 | 9 | 11 | 12 | 20 | 19 | 15 | 17 |
| Profit before tax | 0 | 1 | 9 | 17 | 22 | 38 | 41 | 56 | 46 | 77 | 68 | 67 | 74 |
| 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 | 54 | |
| 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 | 51.63 |
| Dividend Payout % | -522% | 572% | 21% | 12% | 13% | 7% | 8% | 6% | 7% | 6% | 11% | 11% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 14% |
| 3 Years: | 10% |
| TTM: | 21% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 80% |
| 5 Years: | 14% |
| 3 Years: | 16% |
| TTM: | 16% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 18% |
| 3 Years: | 9% |
| 1 Year: | 7% |
| 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
In beta| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Adhesives Production Tonnes ・Standalone data |
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| Moulded and Extruded Products Production Tonnes ・Standalone data |
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| Permanent Employees Count ・Standalone data |
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| Service Locations (Site Offices) Count ・Standalone data |
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| Services Segment Revenue Share % of consolidated revenue |
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| Cumulative Patents Granted Count ・Standalone data |
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| Order Book INR Crore |
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| Moulding Capacity Tonnes per annum ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Shareholders meeting
- 40th AGM voting results घोषित; audited statements, dividend and V.A. George reappointment approved.
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Shareholders meeting
- Thejo Engineering held its 40th AGM on August 25, 2026; shareholders considered FY26 accounts, dividend and director reappointments.
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Allotment of Securities
- 595 ESOP shares allotted at Rs 671.75 on 19 Aug 2026; paid-up capital rises to Rs 10.85 crore.
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Copy of Newspaper Publication
- Newspaper advertisement published for quarter ended 30 June 2026 financial results on 11 August 2026.
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Outcome of Board Meeting
- Thejo Engineering posted Q1FY27 results: standalone revenue ₹144.4 crore, PAT ₹15.2 crore; consolidated revenue ₹177.6 crore.
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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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.