Tonbo Imaging India Ltd

AI

Tonbo Imaging India Ltd

₹ 1,134
23 Oct - close price
About

Tonbo Imaging India Ltd is a defence-
electronics company designing electro-
optical and infrared sensing, processing, communication and guidance systems for surveillance, targeting and control. Over
28,000 systems were deployed across
24 countries by June 2026. [1]

Key Points

Business evolution:[1]
Tonbo started in 2003 as a subsidiary
of research was company, providing
R&D, intellectual-property design and
product-development services. Following
a promoter buyout in 2012, it shifted towards defence products and now operates as an
OEM.
Core optics, electronics, architecture and software are developed internally, while
mass production is outsourced. The co.'s systems are free from US ITAR export controls.

  • Market Cap ₹ 6,495 Cr.
  • Current Price ₹ 1,134
  • High / Low ₹ 1,211 / 1,014
  • Stock P/E 130
  • Book Value ₹
  • Dividend Yield 0.00 %
  • ROCE 12.7 %
  • ROE 9.61 %
  • Face Value ₹ 2.00

Pros

Cons

  • Promoter holding is low: 14.6%
  • Company has high debtors of 213 days.
  • Working capital days have increased from 124 days to 283 days

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Operating Profit
OPM %
Interest
Depreciation
Profit before tax
Tax %
EPS in Rs
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Mar 2024 Mar 2025 Mar 2026
97 428 469 361
87 316 329 257
Operating Profit 10 112 140 103
OPM % 11% 26% 30% 29%
0 3 4 7
Interest 7 8 18 11
Depreciation 2 13 27 31
Profit before tax 1 95 99 69
Tax % 14% 28% 27% 27%
1 69 73 50
EPS in Rs 0.39 22.85 9.89 8.74
Dividend Payout % 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 55%
TTM: -23%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 170%
TTM: -32%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: 20%
Last Year: 10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 0.30 0.30 0.73 11
Reserves 16 169 489 541
59 166 87 125
97 239 148 102
Total Liabilities 171 575 725 779
17 197 199 195
CWIP 0 0 1 12
Investments 0 0 0 0
154 377 525 572
Total Assets 171 575 725 779

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Mar 2024 Mar 2025 Mar 2026
23 78 -136 -65
-10 -190 -25 -32
-8 188 146 33
Net Cash Flow 4 76 -14 -63
Free Cash Flow 11 -115 -164 -104
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit 235% 75% -73% -48%

Ratios

Standalone / View Consolidated

Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 155 80 164 213
Inventory Days 246 185 198 453
Days Payable 178 34 38 66
Cash Conversion Cycle 223 231 324 600
Working Capital Days -92 -34 124 283
ROCE % 50% 26% 13%

Shareholding Pattern

Numbers in percentages

27 Recently
Oct 2026
14.57%
3.10%
17.00%
0.09%
61.92%
3.33%
No. of Shareholders 2,09,464

* 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.

Click on the line-items to see the names of individual entities.

Documents