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Tonbo Imaging India Ltd (TONBO)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544999 NSE: TONBO Electronics - Components | | Tonbo Imaging India Share Price

BSE Share Price
Not Listed

Tonbo Imaging India Ltd (TONBO)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544999 NSE: TONBO Electronics - Components | | Tonbo Imaging India Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹0 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
-
TTM Sales
-
Book Value per Share
-
P/E Ratio
Industry PE
-
Price to Book (P/B)
Price to Sales (P/S)
EV/EBITDA
Dividend Yield
NAN%
Profitability Efficiency
Return on Equity (ROE)
9.97%
Return on Capital Employed (ROCE)
13.02%
Return on Assets (ROA)
6.74%
Operating Profit Margin
23.7%
Net Profit Margin
14.03%
Gross Profit Margin
27.9%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
-
9.55%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-38.31%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-30.07%
Asset Quality
Promoter Holding
%
Pledged shares (%) of Promoter's holding (%)
%
Reserves
-
Equity
-
Face Value
-
All Time Low / High
- / -

Tonbo Imaging India stock performance

Key Ratios
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10 Year X-Ray : Login to view analysis.

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.
Tonbo Imaging India Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation ⓘ

Mar'23Mar'24Mar'25TTM
ROCE % ⓘ12.3%51.5%26.2%-

Growth Parameters ⓘ

Sales ⓘ96.84284690
Sales YoY Gr.-342.2%9.6%-
Adj EPS ⓘ0.82310.10
YoY Gr.-2641.7%-56.3%-
BVPS (₹) ⓘ5.156.665.40
Adj Net
Profit ⓘ
2.568.873.8NAN
Cash Flow from Ops. ⓘ23.178.3-136-
Debt/CF from Ops. ⓘ1.81.2-0.6-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘNANANA9.6%
Adj EPS ⓘNANANA-56.3%
BVPSⓘNANANA15.6%
Share Price - - - -

Key Financial Parameters ⓘ

Mar'23Mar'24Mar'25TTM
Return on
Equity % ⓘ
8.452.920.50
Op. Profit
Mgn % ⓘ
10.626.229.8NAN
Net Profit
Mgn % ⓘ
2.616.115.7NAN
Debt to
Equity ⓘ
1.40.40.2-
Working Cap
Days ⓘ
01602670
Cash Conv.
Cycle ⓘ
0891810

Valuation of Tonbo Imaging India - Consolidated

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

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No data found!

Management X-Ray

Shareholding Pattern

No Data To Display

Promoter's Holding & Share Pledging

Financials

PARTICULARSMar'23Mar'24Mar'25Mar'26
Sales96.83428.19469.08362.65
Operating Expenses ⓘ + 86.60315.87330.02276.87
Manufacturing Costs13.7923.9415.8212.49
Material Costs58.81219.93204.61177.52
Employee Cost 5.2213.0644.4449.58
Other Costs ⓘ 8.7858.9465.1537.27
Operating Profit ⓘ 10.23112.32139.0685.78
Operating Profit Margin (%) 10.6%26.2%29.6%23.7%
Other Income ⓘ + 2.033.715.3126.13
Exceptional Items ⓘ -1.91-0.41-0.780
Interest ⓘ 7.397.6817.7410.62
Depreciation ⓘ 1.5913.4026.5931.34
Profit Before Tax ⓘ 1.3794.5599.2769.96
Tax ⓘ 0.1926.0126.5119.08
Profit After Tax 1.1868.5472.7650.88
PAT Margin (%) 1.2%16.0%15.5%14.0%
Adjusted EPS (₹)0.422.99.98.9
Dividend Payout Ratio (%)0%0%0%0%
PARTICULARSMar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 29.19230.13479.90540.45
Share Capital ⓘ 14.4061.140.7311.46
Reserves ⓘ 14.79168.99479.17528.99
Debt +39.6496.1378.14116.06
Long Term Debt2.7215.2700
Short Term Debt36.9280.8578.14116.06
Minority Interest0000
Trade Payables28.6120.3521.1533.44
Others Liabilities ⓘ 73.67228.08147.1892.55
Total Liabilities ⓘ 171.10574.68726.36782.50

Fixed Assets

Net Fixed Assets ⓘ +17.13197.24198.74195.08
Gross Block21.09214.60242.70270.38
Accumulated Depreciation3.9617.3543.9575.30
CWIP ⓘ 000.7212.40
Investments ⓘ 0.01000
Inventories39.59111.69111.14219.49
Trade Receivables41.1693.64210.31211.66
Cash Equivalents 39.70115.67101.9238.63
Others Assets ⓘ 33.5256.43103.51105.24
Total Assets ⓘ 171.10574.68726.36782.50
PARTICULARSMar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + 23.0678.33-136.12-63.22
PBT ⓘ 1.3794.5599.2769.96
Adjustment ⓘ 6.3914.8345.2740.86
Changes in Working Capital ⓘ 16.25-25.65-247.44-158.84
Tax Paid ⓘ -0.95-5.40-33.22-15.20
Cash Flow From Investing Activity ⓘ + -10.45-190.17-24.69-32.27
Capex -12.07-193.51-28.82-39.35
Net Investments 0000
Others ⓘ 1.623.344.137.08
Cash Flow From Financing Activity ⓘ + -8.24187.81147.0632.19
Net Proceeds from Shares ⓘ 001750
Net Proceeds from Borrowing ⓘ -1.9612.55-15.27-15.79
Interest Paid ⓘ -6.44-5.40-12.56-4.37
Dividend Paid ⓘ 0000
Others ⓘ 0.16180.65-0.1152.34
Net Cash Flow ⓘ 4.3775.97-13.75-63.29
PARTICULARSMar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)7.8374.3522.419.97
ROCE (%)12.3451.4526.1513.02
Asset Turnover Ratio0.571.150.720.48
PAT to CFO Conversion(x)19.541.14-1.87-1.24
Working Capital Days
Receivable Days155.2057.50118.30212.40
Inventory Days149.2064.5086.70166.40
Payable Days177.6040.603756.10

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Tonbo Imaging India Ltd FAQs

The current trading price of Tonbo Imaging India 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 Tonbo Imaging India stood at ₹0.00 Cr

The latest P/E ratio of Tonbo Imaging India as of 31-Dec-1969 is 0.00.

The latest P/B ratio of Tonbo Imaging India as of 31-Dec-1969 is 0.00.

The 52-week high of Tonbo Imaging India is ₹0.00 and the 52-week low is ₹0.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Tonbo Imaging India is ₹0.00 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Tonbo Imaging India Ltd is a below average quality company.

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No data found

About Tonbo Imaging India Ltd

Tonbo Imaging India was originally incorporated as ‘Sarnoff Innovative Technologies Private Limited’ as a private limited company on December 18, 2003. Subsequently, the name of the company was changed to ‘Serial Innovations India Private Limited’ on August 14, 2008. The name of the company was further changed to ‘Tonbo Imaging India Private Limited’ on May 13, 2016 due to a change in branding and strategy. Upon the conversion of the company from a private limited company to a public limited company on September 11, 2025, pursuant to a resolution passed by the Board of Directors and Shareholders each dated August 15, 2025, the name of the company was changed to ‘Tonbo Imaging India Limited’. 

The company is a global defence electronics original equipment manufacturer (OEM). It designs, develops and manufactures sensing, processing, communication and guidance systems for surveillance, reconnaissance, targeting, and control. It has developed a diversified product portfolio including thermal imaging cores, weapon sights, hand-held thermal imaging binoculars, targeting systems, missile seekers, fire control systems, missile guidance systems amongst others to enable autonomy on the battlefield. 

Its expertise spans design capabilities across electro optics and infrared systems (EO/IR) and embedded vision systems serving both - Indian and global companies. It is a recognized OEM providing a diverse suite of field-proven electro-optic products free from export restrictions under International Traffic in Arms Regulations (ITAR).

Business area of the company 

The company is engaged in providing vision technology-based products and solutions.

Products of the company

Tactical

  • Weapon scopes
  • Helmet Mounted sights
  • Surveillance and reconnaissance
  • Target acquisition

Naval

  • Fire control system
  • Observation systems
  • Video boresight tools
  • EOIR search and track

Land

  • Driver vision
  • Situational awareness
  • Fire control systems
  • Missile system

Aerial

  • Long range surveillance and targeting payload
  • Miniature gimbals for surveillance and targeting 
  • Enhanced vision system

Homeland

  • Long range recognizance and observation system

Directed energy

  • High power microwave system for counter unmanned aerial vehicle (UAV)

Awards, accreditations and recognition 

  • 2017: Awarded Young Turks Startup of the year by CNBC-TV18.
  • 2018: Awarded the Marico Innovation Foundation Award at the MIF Awards 2018.
  • 2025: Excellence in Tech Export Production (Medium Enterprises) awarded at the SME Champion Awards.

History and milestones

  • 2012: Changed strategic focus from sale of intellectual property services to product company.
  • 2015: Achieved first production order.
  • 2018: Crossed Rs 300.00 million in export orders in Israel and Philippines.
  • 2019: Won iDEX challenge to design multi sensor see through armour for 360-degree situational awareness.
  • 2024: Secured Rs 4,527.00 million in export orders from Europe.
  • 2024: Successful integration of multimode imaging seeker in anti-tank guided missiles developed by the Indian government.
  • 2024: Crossed domestic revenues of Rs 1,700.00 million.
  • 2024: Raised capital of Rs 1,323.00 million through issue of Preference Shares from investors including Artiman Ventures and Ramesh Radhakrishnan.
  • 2024: Established in-house clean room for prototype development.
  • 2025: Successful deployment of long range missile tracking system.
  • 2025: Crossed Rs 4,500.00 million in revenue from operations and achieved profits of Rs 727.57 million.
  • 2025: Raised capital of Rs 1,750.00 million from investors including CEAQ Singapore and Artiman Ventures.
  • 2025: Won iDEX challenge to design High Power Microwave System for counter unmanned aerial vehicles.

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