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Tega Industries Ltd (TEGA)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543413 NSE: TEGA Engineering - Industrial Equipments | Small Cap | Tega Industries Share Price
₹1,547.15 -5.50 (-0.35%)
As on 04-Sep'26 16:59
Tega Industries Ltd (TEGA)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543413 NSE: TEGA Engineering - Industrial Equipments | Small Cap | Tega Industries Share Price
₹1,547.15 -5.50 (-0.35%)
As on 04-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹11,623 Cr.
Current Price
₹1,547.2
52-Week Low / High
₹1,474 / 2,130
TTM EPS
₹21.6
TTM Sales
₹890 Cr.
Book Value per Share
₹436
P/E Ratio
71.55
Higher than its 5-year historical median
Industry PE
58.5
Price to Book (P/B)
3.55
Lower than its 5-year historical median
Price to Sales (P/S)
13.05
Higher than its 5-year historical median
EV/EBITDA
44.11
Higher than its 5-year historical median
Dividend Yield
0.13%
Profitability Efficiency
Return on Equity (ROE)
6.85%
Underperforms industry median
Return on Capital Employed (ROCE)
9.02%
Underperforms industry median
Return on Assets (ROA)
5.44%
Operating Profit Margin
21.1%
Net Profit Margin
19.69%
Gross Profit Margin
29.5%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-11.81%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-46.1%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-11.65%
Asset Quality
Promoter Holding
67.50%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹3,201 Cr.
Equity
₹75.1 Cr.
Face Value
₹10
All Time Low / High
₹398.00 / 2327.45
Check Before You Invest
Quality
Somewhat GoodValuation
FairCheck Valuation charts
Price Trend
Semi Strong
Is Tega Industries Ltd a good quality company?
Tega Industries Ltd is a average quality company, based on a somewhat consistent 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 Tega Industries Ltd performance compare with that of its Peers?
Revenue growth of Tega Industries Ltd vs industry peers?
Tega Industries Ltd revenue CAGR is 9.70%, compared to the industry median CAGR of 6.48%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Tega Industries Ltd?
Promoters hold 67.50% of the Tega Industries Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Tega Industries Ltd over the last decade?
Over the last 3 year(s), the stock has delivered a CAGR of 16.91% 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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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.
Tega Industries Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | -1.5% | 7.7% | 12.9% | 13.5% | 36.7% | 12.9% | 14.1% | 14.2% | 17.8% | 9% | - |
| Value Creation Index ⓘ | -1.1 | -0.4 | -0.1 | -0 | 1.7 | -0.1 | 0.0 | 0.1 | 0.3 | -0.3 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 303 | 383 | 444 | 447 | 497 | 592 | 715 | 737 | 895 | 789 | 890 |
| Sales YoY Gr. | - | 26.4% | 15.9% | 0.7% | 11.1% | 19.2% | 20.8% | 3% | 21.5% | -11.8% | - |
| Adj EPS ⓘ | -2.8 | 3.6 | 8.8 | 11.7 | 46.2 | 13.2 | 15.6 | 18 | 23.8 | 15.6 | 21.6 |
| YoY Gr. | - | NA | 140.9% | 32.8% | 296.1% | -71.4% | 18.3% | 14.9% | 32.2% | -34.3% | - |
| BVPS (₹) ⓘ | 70 | 73.6 | 82.4 | 93.5 | 141.1 | 138.4 | 155.4 | 172.2 | 196.6 | 430 | 436 |
| Adj Net Profit ⓘ | -16.2 | 21 | 50.5 | 67.1 | 266 | 87.7 | 104 | 120 | 158 | 117 | 162 |
| Cash Flow from Ops. ⓘ | 31.8 | 14.9 | 54.2 | 112 | 132 | 7.9 | 144 | 105 | 16.7 | 225 | - |
| Debt/CF from Ops. ⓘ | 3.5 | 10.7 | 2.6 | 1.9 | 1.2 | 21.3 | 1.1 | 1.2 | 6.1 | 0.3 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 11.2% | 9.7% | 3.4% | -11.8% | ||||
| Adj EPS ⓘ | NA | -19.5% | -0.1% | -34.3% | ||||
| BVPSⓘ | 22.4% | 25% | 40.4% | 118.7% | ||||
| Share Price | - | - | 16.9% | -24.9% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -3.6 | 5 | 11 | 13 | 38.8 | 10.1 | 10.7 | 11 | 12.9 | 5.2 | 5 |
| Op. Profit Mgn % ⓘ | 0.1 | 16.6 | 19 | 21.5 | 26.5 | 18.9 | 21.4 | 22.1 | 23.2 | 21.2 | 22.9 |
| Net Profit Mgn % ⓘ | -5.3 | 5.5 | 11.4 | 15 | 53.5 | 14.8 | 14.5 | 16.2 | 17.7 | 14.9 | 18.2 |
| Debt to Equity ⓘ | 0.3 | 0.4 | 0.3 | 0.4 | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 | 0 | - |
| Working Cap Days ⓘ | 303 | 370 | 445 | 451 | 404 | 389 | 360 | 371 | 350 | 456 | 171 |
| Cash Conv. Cycle ⓘ | 148 | 160 | 185 | 177 | 158 | 153 | 136 | 150 | 157 | 192 | 117 |
Valuation of Tega Industries - Standalone
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 303 | 384 | 444 | 447 | 497 | 592 | 715 | 737 | 895 | 789 |
| Operating Expenses ⓘ + | 303 | 330 | 361 | 363 | 374 | 484 | 563 | 571 | 688 | 678 |
| Operating Profit ⓘ | 0 | 54 | 83 | 84 | 123 | 108 | 153 | 166 | 208 | 112 |
| Operating Profit Margin (%) | 0.1% | 14.2% | 18.6% | 18.9% | 24.7% | 18.3% | 21.3% | 22.5% | 23.2% | 14.2% |
| Other Income ⓘ + | 11 | 12 | 19 | 34 | 220 | 45 | 26 | 29 | 56 | 127 |
| Interest ⓘ | 6 | 12 | 15 | 17 | 14 | 9 | 11 | 11 | 9 | 6 |
| Depreciation ⓘ | 19 | 24 | 24 | 26 | 25 | 21 | 18 | 20 | 24 | 26 |
| Profit Before Tax ⓘ | -14 | 31 | 63 | 76 | 305 | 124 | 150 | 164 | 230 | 206 |
| Tax ⓘ | 3 | 9 | 12 | 11 | 31 | 28 | 36 | 37 | 55 | 51 |
| Profit After Tax | -16 | 21 | 51 | 64 | 274 | 96 | 114 | 127 | 176 | 155 |
| PAT Margin (%) | -5.3% | 5.5% | 11.5% | 14.4% | 55.1% | 16.2% | 15.9% | 17.2% | 19.7% | 19.7% |
| Adjusted EPS (₹) | -2.8 | 3.7 | 8.8 | 11.2 | 47.5 | 14.5 | 17.2 | 19.0 | 26.4 | 20.7 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 11.70% | 10.50% | 7.60% | 9.70% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 412 | 433 | 483 | 547 | 821 | 917 | 1,031 | 1,145 | 1,308 | 3,230 | |
| Debt + | 113 | 151 | 132 | 200 | 138 | 147 | 136 | 103 | 91 | 59 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 63 | 58 | 72 | 51 | 76 | 68 | 61 | 82 | 67 | 100 | |
| Others Liabilities ⓘ | 53 | 238 | 259 | 276 | 308 | 352 | 379 | 396 | 403 | 457 | |
| Total Liabilities ⓘ | 641 | 880 | 946 | 1,075 | 1,342 | 1,484 | 1,606 | 1,727 | 1,870 | 3,847 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 154 | 142 | 125 | 131 | 142 | 140 | 156 | 171 | 183 | 172 | |
| CWIP ⓘ | 8 | 5 | 4 | 9 | 5 | 5 | 8 | 7 | 4 | 4 | |
| Investments ⓘ | 198 | 186 | 243 | 397 | 626 | 641 | 721 | 764 | 741 | 2,632 | |
| Inventories | 83 | 72 | 78 | 88 | 108 | 168 | 148 | 208 | 211 | 212 | |
| Trade Receivables | 130 | 178 | 223 | 185 | 180 | 194 | 205 | 234 | 335 | 291 | |
| Cash Equivalents | 12 | 38 | 1 | 6 | 1 | 4 | 5 | 4 | 5 | 5 | |
| Others Assets ⓘ | 56 | 259 | 271 | 259 | 279 | 332 | 362 | 339 | 391 | 533 | |
| Total Assets ⓘ | 641 | 880 | 946 | 1,075 | 1,342 | 1,484 | 1,606 | 1,727 | 1,870 | 3,847 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 32 | 15 | 54 | 112 | 132 | 8 | 144 | 105 | 17 | 225 |
| Cash Flow From Investing Activity ⓘ + | -38 | -1 | -55 | -152 | -67 | -6 | -119 | -54 | 22 | -1,874 |
| Cash Flow From Financing Activity ⓘ + | 8 | 15 | -34 | 45 | -70 | 1 | -24 | -51 | -38 | 1,649 |
| Net Cash Flow ⓘ | 2 | 28 | -36 | 5 | -5 | 2 | 1 | -0 | 1 | -1 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -3.67 | 5.13 | 11.32 | 12.72 | 40.49 | 11.09 | 11.68 | 11.62 | 14.34 | 6.85 |
| ROCE (%) | -1.46 | 7.7 | 12.85 | 13.46 | 36.69 | 12.85 | 14.08 | 14.21 | 17.84 | 9.02 |
| Asset Turnover Ratio | 0.5 | 0.51 | 0.49 | 0.44 | 0.45 | 0.42 | 0.46 | 0.44 | 0.5 | 0.28 |
| PAT to CFO Conversion(x) | N/A | 0.71 | 1.06 | 1.75 | 0.48 | 0.08 | 1.26 | 0.83 | 0.1 | 1.45 |
| Working Capital Days | ||||||||||
| Receivable Days | 147.30 | 146.30 | 165.10 | 166.50 | 134.10 | 115.30 | 101.90 | 108.80 | 116 | 144.60 |
| Inventory Days | 77.70 | 73.30 | 61.70 | 68 | 72.10 | 85.10 | 80.80 | 88.20 | 85.30 | 97.60 |
| Payable Days | 151.20 | 93.40 | 67.70 | 99.90 | 81.10 | 72.10 | 70.60 | 79.60 | 63.40 | 82.50 |
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Tega Industries Ltd FAQs
The current trading price of Tega Industries on 04-Sep-2026 16:59 is ₹1,547.2.
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 03-Sep-2026 the market cap of Tega Industries stood at ₹11,623.4 Cr
The latest P/E ratio of Tega Industries as of 03-Sep-2026 is 71.55.
The latest P/B ratio of Tega Industries as of 03-Sep-2026 is 3.55.
The 52-week high of Tega Industries is ₹2,130 and the 52-week low is ₹1,474.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Tega Industries is ₹890 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that Tega Industries Ltd is a average quality company.
The key valuation ratios of Tega Industries Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Tega Industries Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
About Tega Industries Ltd
Tega Industries is a leading manufacturer and distributor of specialized ‘critical to operate’ and recurring consumable products for the global mineral beneficiation, mining and bulk solids handling industry. It offer comprehensive solutions to marquee global clients in the mineral beneficiation, mining and bulk solids handling industry, through its wide product portfolio of specialized abrasion and wear-resistant rubber, polyurethane, steel and ceramic based lining components, used by its customers across different stages of mining and mineral processing, screening, grinding and material handling, including after-market spends on wear, spare parts, grinding media and power, which are regular operating expenses for its customers. Its engineering capability, which has evolved over decades, has enabled it to consistently offer its quality, complex manufactured products within stipulated timelines, allowing it to reduce downtime and maximize operational efficiency for its customers, and forge robust relationships with its customers leading to high recurring revenues.
The company’s product portfolio comprises more than 55 mineral processing and material handling products. Its mineral processing and material handling products offering covers a wide range of solutions in the mining equipment, aggregates equipment and the mineral consumables industry. Its products offering include consumables required in the mines and mineral processing industry. In the sequence of their usage in the mineral processing value chain, after blasting to floatation, its products include chutes and its liners, grinding mill liners, trommels and screens, hydrocyclones, pumps and flotation parts and conveyor products. Its product range is engineered with a combination of mineral processing engineering, mechanical engineering and material sciences, while utilising its expertise in tribology.
Business area of the company
The company is a leading manufacturer of specialized ‘critical to operate’ and recurring consumable products for the global mineral beneficiation, mining and bulk solids handling industry. Globally, it is the second largest producers of polymer-based mill liners.
Awards, Accreditations and Recognitions
- 2008: Madan Mohan Mohanka was recognized by the Indian Institute of Mineral Engineers, Trivandrum, for his eminence and outstanding contribution to the profession of mineral engineering.
- 2011: Madan Mohan Mohanka was awarded the ‘Outstanding Entrepreneurship Award at the Asia Pacific Entrepreneurship Awards, 2011.
- 2011: Madan Mohan Mohanka was presented with the ‘Distinguished alumnus award’ by the Indian Institute of Management, Ahmedabad.
- 2011-12: Madan Mohan Mohanka was conferred the award of excellence for his contributions to society and achievement in the field of his vocation by the Rotary Club of Calcutta Metropolitan, R.I District 3291.
- 2012: Madan Mohan Mohanka was the finalist in the Ernst & Young Entrepreneur of the Year, 2012, India.
- 2013: Awarded the ‘Best Existing Large Corporate with turnover between Rs. 300-1000 crore’ at the Economic Times Bengal Corporate Award, 2013.
- 2015: Granted the Quality Management System ISO 9001:2015 accreditation to Tega Africa.
- 2018: The Company was granted the Quality Certification, SA 8000:2014 accreditation for manufacturing facility located in Samali, West Bengal.
- 2019: The company was granted the Quality Certifications ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018 accreditation.
Major events:
- 1975-76: Collaboration of Promoter, Madan Mohan Mohanka with Skega AB, Sweden and incorporation of the Company.
- 1991: Joint Venture alliance with Hosch (G.B.) Ltd.
- 1992: Application for registration of our patent in relation to method of preparing liner.
- 2001: Buyout by Madan Mohan Mohanka of Skega AB’s entire stake in our Company.
- 2002: Amalgamation of MM Global Private Limited with Company.
- 2006: Acquired Beruc Equipment, South Africa.
- 2010: Grant of patent in relation to improved screen panel.
- 2010-11: Acquired Acotec S.A, Chile and Losugen Pty Ltd, Australia.
- 2011: Investment by Wagner Limited, an affiliate of TA Associates Management, L.P.
- 2013: Grant of patent in relation to mosaic liners for chutes.
- 2018: Amalgamation of Tega Industries (SEZ) Limited with Company.
- 2019: Grant of trademark in relation to ‘DynaPrime’.
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