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Thejo Engineering Limited THEJO NSEINFRA

Industrials · Specialty Industrial Machinery · India
https://www.thejo-engg.com

Thejo Engineering Limited designs, develops, manufactures, and supplies rubber and polyurethane based engineering products for bulk material handling systems, mineral processing, and corrosion protection applications in India and internationally. It operates through three segments: Manufacturing Units, Service Units, and Others. The company provides conveyor care products, including belt conveyor splicing and repair solutions, pulley lagging sheets, vulcanizing equipment, and belt coiler and de coiler products, as well as school tool kits, such as hand and power tools, and personal protective equipment; and transfer point solutions comprising belt cleaners and trackers, impact cushion pads, skirt sealing systems, and engineered chutes. It also offers high pressure fogging systems for dust suppression; flow promotion products; and abrasion and wear protection products, including mill lining, bulk flow chutes, wear resistant panels and sheeting, and twister cyclone and pump spares, as well as rubber hoses, lined pipes, and fittings; and other services. In addition, the company provides corrosion protection products comprising rubber sheeting, hoses, lined pipes, and fittings; and primers adhesive and repair putty products, expansion joints and bellows, fabrication and linings, and PTFE linings and bellows. Further, it offers scalping and sizing, de-watering, flip flow, and trommel screening solutions, as well as grator spares; rubber, engineered plastic, and metallic spares; and specialty products. Additionally, the company provides conveyor belt, project execution, transfer point, abrasion and wear, filtration, screening, and corrosion protection services. It serves steel, mining, mineral processing, aggregates, sand and gravel, power, metal, chemical and fertilizer, cement, paper and pulp, and food and grain industries, as well as ports and terminals. The company was founded in 1974 and is based in Chennai, India.

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₹1,564.70
-17.46% 1Y

Market & Price

Market Cap
₹1,697.06 Cr
Current Price
₹1,564.70
High / Low (52W)
₹2,429.01 / ₹1,457.40
Beta
0.78

Valuation

Stock P/E
34.84
Industry PE
27.78
Forward P/E
-
PEG Ratio
-
Book Value
₹297.55
Price to Book
5.26
P/S
2.81
EV/EBITDA
20.97
Dividend Yield
0.31%

Profitability & Returns

ROCE
20.66%
ROE
-
ROA
-
Profit Margin
8.05%
Op Margin
8.69%
EPS (Latest Qtr)
₹8.20
EPS (TTM)
₹44.91

Balance Sheet & Liquidity

Debt/Equity
0.11
Quick Ratio
-
Current Ratio
-
Debt
₹39.01 Cr
Total Assets
₹446.39 Cr
Current Assets
₹305.84 Cr
Working Capital
₹207.70 Cr

Ownership

Promoter Holding
0.00%
Chg in Prom Hold
-
FII / Inst Holding
0.62%
Chg in FII Hold
-

Financial Snapshot

Enterprise Value
₹1,737.03 Cr
Total Revenue (TTM)
₹604.11 Cr
EBITDA
₹82.85 Cr
Free Cash Flow
-
Operating Cash Flow
-
Shares Outstanding
₹1.08 Cr
Gross Margin
79.22%
Payout Ratio
11.15%

Growth (CAGR)

Revenue 5Y
9.15%
Profit 5Y
9.86%
Revenue (YoY)
19.70%
Earnings (YoY)
-32.40%

PROS

  • Healthy ROCE of 20.7%.

CONS

  • Trading 35.6% below its 52-week high.
  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Industrials).

#NameCMP ₹P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 THEJO Thejo Engineering Limited NSEINFRA 1,564.70 34.84 ₹1,697.06 Cr 0.31% 20.66% - 9.15% 9.86%
2 LT Larsen & Toubro Limited NIFTY50NSEAIINFRA 4,076.50 34.84 ₹5.61 L Cr 0.93% 14.55% 16.95% 16.09% 15.38%
3 ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA 1,804.60 30.96 ₹4.16 L Cr 0.42% 11.02% 15.59% 22.93% 34.11%
4 HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU 4,303.80 31.55 ₹2.88 L Cr 1.16% 13.80% 23.98% 7.87% 16.08%
5 POWERINDIA Hitachi Energy India Limited NIFTY_MIDNSEINFRA 38,445.00 172.41 ₹1.71 L Cr 0.02% 24.92% 21.04% 22.24% 119.12%
6 INDIGO InterGlobe Aviation Limited NSEINFRA 4,405.00 - ₹1.70 L Cr 0.24% 15.53% - 44.12% 72.60%
7 CUMMINSIND Cummins India Limited NSEINFRA 5,881.00 68.97 ₹1.63 L Cr 1.12% 34.95% 29.45% 16.07% 24.35%
8 CGPOWER CG Power and Industrial Solutions Limited NSEINFRA 917.45 118.99 ₹1.44 L Cr 0.14% 19.35% 19.56% 21.67% 7.81%
9 POLYCAB Polycab India Limited NIFTY_MIDNSEAIINFRA 9,477.50 53.48 ₹1.43 L Cr 0.37% 30.44% 24.58% 26.57% 28.11%
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Quarterly Results

Figures in INR.

Metric Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue -135.58 Cr151.18 Cr135.56 Cr153.11 Cr162.25 Cr
Cost of Revenue -28.11 Cr156.42 Cr26.86 Cr31.08 Cr31.51 Cr
Gross Profit -107.47 Cr-5.24 Cr108.70 Cr122.03 Cr130.74 Cr
Operating Expenses -88.06 Cr-28.35 Cr96.26 Cr103.16 Cr116.65 Cr
Operating Income -19.41 Cr23.11 Cr12.44 Cr18.87 Cr14.09 Cr
EBITDA -24.09 Cr27.20 Cr18.67 Cr23.27 Cr17.43 Cr
Interest Expense -1.14 Cr-20.77 L1.45 Cr1.10 Cr1.31 Cr
Pretax Income -18.19 Cr22.17 Cr13.31 Cr19.99 Cr11.75 Cr
Tax Provision -4.35 Cr5.59 Cr3.55 Cr5.88 Cr3.36 Cr
Net Income -13.16 Cr15.22 Cr9.42 Cr15.10 Cr8.89 Cr
Diluted EPS 10.9812.13-8.6813.928.20

Profit & Loss (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025
Revenue 423.54 Cr473.98 Cr558.89 Cr550.73 Cr
Cost of Revenue 172.05 Cr214.84 Cr243.58 Cr235.89 Cr
Gross Profit 251.49 Cr259.14 Cr315.32 Cr314.83 Cr
Operating Expenses 193.06 Cr211.56 Cr235.38 Cr246.37 Cr
Operating Income 58.43 Cr47.58 Cr79.94 Cr68.46 Cr
EBITDA 68.39 Cr60.82 Cr101.72 Cr91.32 Cr
Interest Expense 1.58 Cr2.86 Cr4.64 Cr3.79 Cr
Pretax Income 56.28 Cr45.77 Cr76.63 Cr68.17 Cr
Tax Provision 13.77 Cr10.97 Cr17.25 Cr15.86 Cr
Net Income 37.63 Cr32.42 Cr55.64 Cr49.89 Cr
Diluted EPS 34.9230.0051.4346.04

Compounded Sales Growth

5 Years:9.15%
1 Year:19.70%

Compounded Profit Growth

5 Years:9.86%
1 Year:-32.40%

Stock Price Performance

1 Year:-17.46%
6 Months:-10.31%
3 Months:-8.60%
1 Month:-11.21%

Balance Sheet (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025
Total Assets 302.92 Cr364.30 Cr413.77 Cr446.39 Cr
Current Assets 227.52 Cr245.94 Cr297.06 Cr305.84 Cr
Cash & Equivalents 42.79 Cr42.80 Cr60.11 Cr65.86 Cr
Inventory 52.22 Cr59.00 Cr62.47 Cr66.00 Cr
Receivables 106.64 Cr108.05 Cr135.59 Cr134.39 Cr
Total Liabilities 117.22 Cr144.81 Cr141.20 Cr126.08 Cr
Current Liabilities 79.68 Cr102.78 Cr102.83 Cr98.14 Cr
Long Term Debt 12.41 Cr10.32 Cr7.98 Cr1.30 Cr
Total Debt 38.12 Cr45.31 Cr42.51 Cr29.98 Cr
Total Equity 165.00 Cr196.31 Cr250.28 Cr297.78 Cr
Shares Outstanding 1.07 Cr1.07 Cr1.08 Cr1.08 Cr

Cash Flows (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025
Operating Cash Flow 27.30 Cr58.61 Cr51.81 Cr72.70 Cr
Investing Cash Flow -14.66 Cr-50.45 Cr-19.09 Cr-44.47 Cr
Financing Cash Flow -4.43 L-8.07 Cr-15.15 Cr-22.46 Cr
Capital Expenditure -14.70 Cr-49.45 Cr-22.53 Cr-40.92 Cr
Free Cash Flow 12.60 Cr9.16 Cr29.27 Cr31.79 Cr
Net Change in Cash 12.60 Cr8.07 L17.57 Cr5.77 Cr

Ratios (Annual)

Figures in %.

Metric Mar 2022Mar 2023Mar 2024Mar 2025
Gross Margin % 59.4%54.7%56.4%57.2%
Operating Margin % 13.8%10.0%14.3%12.4%
Net Margin % 8.9%6.8%10.0%9.1%
ROE % 22.8%16.5%22.2%16.8%
ROCE % 26.2%18.2%25.7%19.7%

Shareholding Pattern

Insiders
0.00%
Institutions
0.62%
Public Float
0.62%

Analyst View

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