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Thejo Engineering Ltd (THEJO)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: THEJO Engineering | Small Cap | Thejo Engineering Share Price

BSE Share Price
Not Listed

Thejo Engineering Ltd (THEJO)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: THEJO Engineering | Small Cap | Thejo Engineering Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹1,673 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹50.8
TTM Sales
₹514 Cr.
Book Value per Share
₹291.8
P/E Ratio
30.35
Lower than its 5-year historical median
Industry PE
65.7
Price to Book (P/B)
5.29
Lower than its 5-year historical median
Price to Sales (P/S)
3.25
Lower than its 5-year historical median
EV/EBITDA
18.29
Lower than its 5-year historical median
Dividend Yield
0.28%
Profitability Efficiency
Return on Equity (ROE)
20.84%
Outperforms industry median
Return on Capital Employed (ROCE)
28.91%
Outperforms industry median
Return on Assets (ROA)
14.70%
Operating Profit Margin
19.3%
Net Profit Margin
11.46%
Gross Profit Margin
18.8%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
11.46%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
21.45%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
31.43%
Asset Quality
Promoter Holding
53.61%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹306 Cr.
Equity
₹10.9 Cr.
Face Value
₹10
All Time Low / High
- / -

Thejo Engineering stock performance

Key Ratios
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Check Before You Invest

Valuation

Undervalued

Price Trend

Weak
Q.1 Is Thejo Engineering Ltd a good quality company?
Thejo Engineering Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Thejo Engineering Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Thejo Engineering Ltd vs industry peers?
Thejo Engineering Ltd revenue CAGR is 16.69%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Thejo Engineering Ltd?
Promoters hold 53.61% of the Thejo Engineering Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Thejo Engineering Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of -2.9% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Thejo Engineering Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 13.4%12.5%16.2%20.6%18.5%24.7%29%23.8%27%28.9%-
Value Creation
Index
0.0-0.10.20.50.30.81.10.70.91.1-

Growth Parameters

Sales 157150174190202214278333392436514
Sales YoY Gr.--4.7%16.2%9.2%6%6%29.9%19.9%17.7%11.5%-
Adj EPS 5.45.68.412.712.9202725.534.746.250.8
YoY Gr.-3.7%50.8%50.2%2.2%54.4%35.1%-5.4%35.9%33.2%-
BVPS (₹) 66.271.678.790.2101.3118142.8166.5200243.9291.8
Adj Net
Profit
5.65.88.713.113.421.128.827.337.450.155
Cash Flow from Ops. 12.27.619.818.415.627.8194740.246.2-
Debt/CF from Ops. 3.25.41.31.310.20.10.20.20-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 12%16.7%16.3%11.5%
Adj EPS 27%29%19.6%33.2%
BVPS15.6%19.2%19.5%22%
Share Price - -6.8% 3% -20.3%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
8.48.111.214.913.418.120.516.418.820.819
Op. Profit
Mgn %
10.911.311.713.812.816.116.814.117.719.315.9
Net Profit
Mgn %
3.53.856.96.79.910.48.29.511.510.7
Debt to
Equity
0.60.60.30.30.2000000
Working Cap
Days
23423720119019519717016014815193
Cash Conv.
Cycle
12114413312212813211193879661

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales157150174190202214278333392436
Operating Expenses + 140133154164176179231286322352
Manufacturing Costs232535354143597899103
Material Costs31374042414362838796
Employee Cost 56566269747790102111121
Other Costs 30151719191620242532
Operating Profit 17172026263447476984
Operating Profit Margin (%) 10.9%11.1%11.7%13.8%12.8%16.1%16.8%14.0%17.7%19.3%
Other Income + 1111132222
Exceptional Items 0000000000
Interest 6654332444
Depreciation 444456781515
Profit Before Tax 881319192939375167
Tax 33465710101317
Profit After Tax 66914142129283850
PAT Margin (%) 3.6%3.7%5.0%7.1%6.8%10.0%10.5%8.3%9.7%11.5%
Adjusted EPS (₹)5.45.58.513.213.220.327.425.835.446.1
Dividend Payout Ratio (%)21.50%21.40%15.80%12.70%12.60%9.80%7.30%7.80%8.50%10.80%

Valuation of Thejo Engineering - Standalone

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 68748193105124152178215265
Share Capital 33333411111111
Reserves 65707890102121142167204254
Debt +373722221541560
Long Term Debt8542111560
Short Term Debt293218201530000
Minority Interest0000000000
Trade Payables13121719202327393335
Others Liabilities 32192724313956636661
Total Liabilities 150142147157171190235286320361

Fixed Assets

Net Fixed Assets +21202324233248858479
Gross Block47505762653861105118127
Accumulated Depreciation2630343842612203448
CWIP 0110011220
Investments 19202021212323233033
Inventories17171722252837404445
Trade Receivables5256626073728488102123
Cash Equivalents 66611131821253653
Others Assets 35231818161721222127
Total Assets 150142147157171190235286320361

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 1282018162819474046
PBT 881319192939375167
Adjustment 9988898121919
Changes in Working Capital -2-73-3-5-4-189-16-22
Tax Paid -3-3-4-5-6-6-11-11-14-18
Cash Flow From Investing Activity + -11-3-0-5-2-8-8-45-23-18
Capex -3-3-7-4-4-6-7-44-18-11
Net Investments -9-10-20-3-0-2-6-7
Others 1171210111
Cash Flow From Financing Activity + -3-4-19-9-12-16-90-5-13
Net Proceeds from Shares 0000011111
Net Proceeds from Borrowing 00000-0-061-9
Interest Paid -6-6-5-4-3-3-2-4-4-4
Dividend Paid 000-2-2-2-2-2-2-3
Others 22-14-3-7-13-5-0-01
Net Cash Flow -210523331215

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)8.467.911.2515.5913.8718.6921.1416.719.3420.84
ROCE (%)13.4112.516.1920.5718.524.6929.0123.8226.9728.91
Asset Turnover Ratio1.081.051.211.251.231.181.31.281.291.28
PAT to CFO Conversion(x)21.332.221.291.141.330.661.681.050.92
Working Capital Days
Receivable Days120128.30123.60117.90120.40123.60102.8094.7088.8094
Inventory Days35.104034.8037.204345.8043.1042.4039.3037.40
Payable Days145.608389.80122144.10147.70130.10145.10149.80128.20

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Thejo Engineering Ltd FAQs

The current trading price of Thejo Engineering on 01-Jan-1970 05:30 is ₹0.00.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 31-Dec-1969 the market cap of Thejo Engineering stood at ₹1,673.4 Cr

The latest P/E ratio of Thejo Engineering as of 31-Dec-1969 is 30.35.

The latest P/B ratio of Thejo Engineering as of 31-Dec-1969 is 5.29.

The 52-week high of Thejo Engineering is ₹0.00 and the 52-week low is ₹0.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Thejo Engineering is ₹514 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Thejo Engineering Ltd is a good quality company.

The key valuation ratios of Thejo Engineering Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Thejo Engineering Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Thejo Engineering Ltd

Thejo Engineering 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, fertilizers etc. Its services include belt conveyor maintenance and operations, while its product portfolio covers design, manufacture and supply of engineering products for bulk material handling, mineral processing and corrosion protection. The company has developed a strong brand and goodwill in the industry it operates.

Today, Thejo Engineering is one of the few companies in the sub continent offering manufacturing, marketing and servicing activities under one roof. Its services business caters to belt splicing, pulley lagging, belt conveyor maintenance, installation of belt conveyors, belt reconditioning, and rubber lining etc. On the other hand its products business caters to design, development, manufacture and supply of rubber and polyurethane engineering products for belt cleaning, spillage control, enhanced flow of material, impact & abrasion protection, screening, rubber & polyurethane linings. Since the last two years the company has initiated trading in certain manufactured products of international repute which supplements its current product line.

The company has four manufacturing units, all of which are located near Chennai. It has pan India presence through its 11 branch offices and 36 site offices located across 14 states. The company’s international presence through partnerships and distribution network extends across Australia, kingdom of Saudi Arabia, the USA, Germany, Chile, Brazil and Ghana.

Awards and achievements

2005: Received ISO 9001:2008 certification from Det Norske Veritas for manufacture and refurbishing of rubber and rubberized products to general engineering industries in relation to Unit I located at Jagannathapuram Road, Irulipattu Village, Alinjivakkam Post, Ponneri, Chennai - 600 086, India.

2011: Received “NSIC-CRISIL - SE1B” rating for small scale industries from NSIC and CRISIL indicating highest performance capability and moderate financial strength.

Milestones 

  • 1989-1990: Established first manufacturing unit at Gudur, Tamil Nadu, India
  • 2001: Set up manufacturing unit at Ponneri, Tamil Nadu
  • 2004: Set up another manufacturing unit at Ponneri, Tamil Nadu
  • 2007: Shifted the manufacturing unit at Gudur to Ponneri, Tamil Nadu
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