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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

₹2,090.30 26.30 (1.27%)

As on 25-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

₹2,090.30 26.30 (1.27%)

As on 25-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹15,704 Cr.
Current Price
₹2,090.3
52-Week Low / High
₹1,474 / 2,174
TTM EPS
₹2.8
TTM Sales
₹3,059 Cr.
Book Value per Share
₹439
P/E Ratio
743.24
Higher than its 5-year historical median
Industry PE
59.4
Price to Book (P/B)
4.76
Lower than its 5-year historical median
Price to Sales (P/S)
5.13
Lower than its 5-year historical median
EV/EBITDA
44.18
Higher than its 5-year historical median
Dividend Yield
0.1%
Profitability Efficiency
Return on Equity (ROE)
5.94%
Underperforms industry median
Return on Capital Employed (ROCE)
8.37%
Underperforms industry median
Return on Assets (ROA)
4.53%
Operating Profit Margin
13.6%
Net Profit Margin
8.43%
Gross Profit Margin
17.2%
Growth Momentum
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
-49.19%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-28.72%
Asset Quality
Promoter Holding
67.50%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹3,223 Cr.
Equity
₹75.1 Cr.
Face Value
₹10
All Time Low / High
₹398.00 / 2327.45

Tega Industries stock performance

Key Ratios
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Check Before You Invest

Valuation

Somewhat Overvalued

Price Trend

Strong
Q.1 Is Tega Industries Ltd a good quality company?
Tega Industries 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 Tega Industries Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Tega Industries Ltd vs industry peers?
Tega Industries Ltd revenue CAGR is 16.00%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.
Q.1 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.
Q.1 Stock return of Tega Industries Ltd over the last decade?
Over the last 3 year(s), the stock has delivered a CAGR of 30.48% 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.
Tega Industries 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'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % ⓘ-1.5%7.7%12.9%13.5%36.7%12.9%14.1%14.2%17.8%9%-
Value Creation
Index ⓘ
-1.1-0.4-0.1-01.7-0.10.00.10.3-0.3-

Growth Parameters ⓘ

Sales ⓘ303383444447497592715737895789890
Sales YoY Gr.-26.4%15.9%0.7%11.1%19.2%20.8%3%21.5%-11.8%-
Adj EPS ⓘ-2.83.68.811.746.213.215.61823.815.621.6
YoY Gr.-NA140.9%32.8%296.1%-71.4%18.3%14.9%32.2%-34.3%-
BVPS (₹) ⓘ7073.682.493.5141.1138.4155.4172.2196.6430436
Adj Net
Profit ⓘ
-16.22150.567.126687.7104120158117162
Cash Flow from Ops. ⓘ31.814.954.21121327.914410516.7225-
Debt/CF from Ops. ⓘ3.510.72.61.91.221.31.11.26.10.3-

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 - - 30.5% 7.5%

Key Financial Parameters ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ
-3.65111338.810.110.71112.95.25
Op. Profit
Mgn % ⓘ
0.116.61921.526.518.921.422.123.221.222.9
Net Profit
Mgn % ⓘ
-5.35.511.41553.514.814.516.217.714.918.2
Debt to
Equity ⓘ
0.30.40.30.40.20.20.20.10.10-
Working Cap
Days ⓘ
303370445451404389360371350456171
Cash Conv.
Cycle ⓘ
148160185177158153136150157192117

Valuation of Tega Industries - Consolidated

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

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

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

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

mw4me loader

Analyst's Notes

data not found
No data found!

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 (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales4975496346858069521,2141,4931,6391,692
Operating Expenses ⓘ + 4674755365776177689431,1761,2981,519
Manufacturing Costs24264751607294122137188
Material Costs171211257274324403528646698685
Employee Cost 121109111115123143163220249280
Other Costs ⓘ 150129120137110150159189213366
Operating Profit ⓘ 317398108189184271317341173
Operating Profit Margin (%) 6.2%13.4%15.5%15.7%23.4%19.3%22.3%21.2%20.8%10.2%
Other Income ⓘ + 22209115124222243141
Exceptional Items ⓘ 1100000000
Interest ⓘ 20222523191719332824
Depreciation ⓘ 353338384039416410195
Profit Before Tax ⓘ 0404557184155236247259201
Tax ⓘ 21214-6473852535958
Profit After Tax -2283164136117184194200143
PAT Margin (%) -0.5%5.1%4.9%9.3%16.9%12.3%15.2%13.0%12.2%8.4%
Adjusted EPS (₹)-0.44.95.711.423.717.627.729.130.119.0
Dividend Payout Ratio (%)0%0%0%0%0%0%7.20%6.90%6.70%10.50%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 3493774014626147361,0491,1921,3973,407
Share Capital ⓘ 66.2966.2966.2966.2966.2966.2966.3566.5466.5475.13
Reserves ⓘ 2823113353965476709831,1251,3303,332
Debt +230240188232166187283217242294
Long Term Debt85916095866114211699128
Short Term Debt14515012913780126141101143167
Minority Interest0000000000
Trade Payables797181659997112183222334
Others Liabilities ⓘ 786911197114136174279197209
Total Liabilities ⓘ 7367577818579931,1561,6181,8712,0584,243

Fixed Assets

Net Fixed Assets ⓘ +271260280263292294545597619657
Gross Block3063353833924654951,0781,1731,2881,423
Accumulated Depreciation3574102130173201533577669766
CWIP ⓘ 8549710121148111
Investments ⓘ 978781161201199217279262227
Inventories112110121133159252290370415437
Trade Receivables160170210185221277403447501452
Cash Equivalents flag ⓘ 31592037484049871212,122
Others Assets ⓘ 5666656964841028093237
Total Assets ⓘ 7367577818579931,1561,6181,8712,0584,243
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + 61446912817014179252195350
PBT ⓘ 0404659184155236247259201
Adjustment ⓘ 773270775548638712659
Changes in Working Capital ⓘ -12-21-3412-38-146-75-40-130192
Tax Paid ⓘ -5-8-15-20-30-43-46-42-59-103
Cash Flow From Investing Activity ⓘ + -148-13-101-80-26-234-91-132-1,004
Capex 00-25-26-48-40-91-54-170-135
Net Investments 001148-329-6-3921-874
Others ⓘ -1481-12316-1373175
Cash Flow From Financing Activity ⓘ + -44-21-93-9-79363-115-381,690
Net Proceeds from Shares ⓘ 0000000101,703
Net Proceeds from Borrowing ⓘ 00-45134-2076-27-2033
Interest Paid ⓘ 00-23-19-14-11-17-30-26-22
Dividend Paid ⓘ 0000000-13-13-13
Others ⓘ -44-21-26-3-70343-4521-11
Net Cash Flow ⓘ 231-381812-9846251,036
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)-0.617.928.1115.0625.7717.4320.6217.315.465.94
ROCE (%)310.3711.3112.1526.8519.6622.1120.0318.568.37
Asset Turnover Ratio0.630.740.820.840.870.890.880.860.830.54
PAT to CFO Conversion(x)N/A1.572.2321.250.120.971.30.982.45
Working Capital Days
Receivable Days127.20109.90109.50105.409295.40102.20104105.60102.80
Inventory Days76.707466.6067.606678.8081.4080.7087.4091.80
Payable Days142.20129.609483.4070.2070.9070.6081.30103.80144.60

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Announcements

Tega Industries Ltd FAQs

The current trading price of Tega Industries on 25-Sep-2026 16:59 is ₹2,090.3.

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 24-Sep-2026 the market cap of Tega Industries stood at ₹15,703.9 Cr

The latest P/E ratio of Tega Industries as of 24-Sep-2026 is 96.67.

The latest P/B ratio of Tega Industries as of 24-Sep-2026 is 4.79.

The 52-week high of Tega Industries is ₹2,174 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 good quality company.

The key valuation ratios of Tega Industries Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Tega Industries Ltd is likely to Rise 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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