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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

₹1,871.95 49.75 (2.73%)

As on 04-Jun'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

₹1,871.95 49.75 (2.73%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹14,064 Cr.
Current Price
₹1,872
52-Week Low / High
₹1,467 / 2,130
TTM EPS
₹20.7
TTM Sales
₹789 Cr.
Book Value per Share
₹430
P/E Ratio
90.49
Higher than its 5-year historical median
Industry PE
56
Price to Book (P/B)
4.35
Lower than its 5-year historical median
Price to Sales (P/S)
17.82
Higher than its 5-year historical median
EV/EBITDA
59.28
Higher than its 5-year historical median
Dividend Yield
0.14%
Profitability Efficiency
Return on Equity (ROE)
14.34%
Outperforms industry median
Return on Capital Employed (ROCE)
17.84%
Outperforms industry median
Return on Assets (ROA)
9.78%
Operating Profit Margin
23.2%
Net Profit Margin
19.65%
Gross Profit Margin
28.4%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
21.48%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
25.17%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
39.07%
Asset Quality
Promoter Holding
67.50%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹3,155 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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Quality

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Valuation

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Price Trend

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Q.1 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?
Q.1 Revenue growth of Tega Industries Ltd vs industry peers?
Tega Industries Ltd revenue CAGR is 14.89%, compared to the industry median CAGR of 3.04%, 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 28.09% based on the current price.

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.
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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 4.7%-1.5%7.7%12.9%13.5%36.7%12.9%14.1%14.2%17.8%-
Value Creation
Index
-0.7-1.1-0.4-0.1-01.7-0.10.00.10.3-

Growth Parameters

Sales 220303383444447497592715737895789
Sales YoY Gr.-37.6%26.4%15.9%0.7%11.1%19.2%20.8%3%21.5%-
Adj EPS 1.2-2.83.68.811.746.213.215.61823.820.7
YoY Gr.--342.2%NA140.9%32.8%296.1%-71.4%18.3%14.9%32.2%-
BVPS (₹) 837073.682.493.5141.1138.4155.4172.2196.6430
Adj Net
Profit
6.7-16.22150.567.126687.7104120158155
Cash Flow from Ops. 58.431.814.954.21121327.914410516.7-
Debt/CF from Ops. 0.83.510.72.61.91.221.31.11.26.1-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 16.9%14.9%14.8%21.5%
Adj EPS 39.9%15.3%21.6%32.2%
BVPS10.1%16%12.4%14.2%
Share Price - - 27.9% 15.2%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
1.4-3.65111338.810.110.71112.96.6
Op. Profit
Mgn %
6.30.116.61921.526.518.921.422.123.221.3
Net Profit
Mgn %
3-5.35.511.41553.514.814.516.217.719.7
Debt to
Equity
0.10.30.40.30.40.20.20.20.10.10
Working Cap
Days
543303370445451404389360371350171
Cash Conv.
Cycle
207148160185177158153136150157117

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales220303384444447497592715737895
Operating Expenses + 206303330361363374484563571688
Manufacturing Costs12151925484858737878
Material Costs80111162195187197265322310407
Employee Cost 34484647494954677984
Other Costs 80129103937980107101104119
Operating Profit 140548384123108153166208
Operating Profit Margin (%) 6.3%0.1%14.2%18.6%18.9%24.7%18.3%21.3%22.5%23.2%
Other Income + 211112193422045262956
Exceptional Items 0000000000
Interest 5612151714911119
Depreciation 9192424262521182024
Profit Before Tax 20-14316376305124150164230
Tax 73912113128363755
Profit After Tax 13-1621516427496114127176
PAT Margin (%) 6.0%-5.3%5.5%11.5%14.4%55.1%16.2%15.9%17.2%19.7%
Adjusted EPS (₹)2.3-2.83.78.811.247.514.517.219.026.4
Dividend Payout Ratio (%)0%0%0%0%0%0%0%11.70%10.50%7.60%

Valuation of Tega Industries - Standalone

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

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 + 4874124334835478219171,0311,1451,308
Share Capital 66666666666666666767
Reserves 4213453674174817558519651,0791,241
Debt +4511315113220013814713610391
Long Term Debt14343095755639187
Short Term Debt441091171021056391978584
Minority Interest0000000000
Trade Payables28635872517668618267
Others Liabilities 2353238259276308352379396403
Total Liabilities 5836418809461,0751,3421,4841,6061,7271,870

Fixed Assets

Net Fixed Assets +62154142125131142140156171183
Gross Block129178189196227259268298329362
Accumulated Depreciation6724487195117128142158179
CWIP 6854955874
Investments 275198186243397626641721764741
Inventories4683727888108168148208211
Trade Receivables115130178223185180194205234335
Cash Equivalents 512381614545
Others Assets 7356259271259279332362339391
Total Assets 5836418809461,0751,3421,4841,6061,7271,870

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 58321554112132814410517
PBT 20-14316376305124150164230
Adjustment 351483435-15442312-9
Changes in Working Capital 46-1-58-32179-894-35-160
Tax Paid -11-5-6-11-16-28-30-32-35-45
Cash Flow From Investing Activity + -31-38-1-55-152-67-6-119-5422
Capex -582962-18-35-21-34-32-33
Net Investments -89-15-21-61-76-329-6-2541
Others 63-31-10-57-5816-80315
Cash Flow From Financing Activity + -27815-3445-701-24-51-38
Net Proceeds from Shares 0000000010
Net Proceeds from Borrowing 000061-11-16-19-19-18
Interest Paid -4000-14-9-7-10-11-8
Dividend Paid 00000000-13-13
Others -23815-34-2-50235-91
Net Cash Flow 0228-365-521-01

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)2.81-3.675.1311.3212.7240.4911.0911.6811.6214.34
ROCE (%)4.68-1.467.712.8513.4636.6912.8514.0814.2117.84
Asset Turnover Ratio0.330.50.510.490.440.450.420.460.440.5
PAT to CFO Conversion(x)4.46N/A0.711.061.750.480.081.260.830.1
Working Capital Days
Receivable Days201.30147.30146.30165.10166.50134.10115.30101.90108.80116
Inventory Days7777.7073.3061.706872.1085.1080.8088.2085.30
Payable Days125.40151.2093.4067.7099.9081.1072.1070.6079.6063.40

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

Tega Industries Ltd FAQs

The current trading price of Tega Industries on 04-Jun-2026 16:59 is ₹1,872.

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-Jun-2026 the market cap of Tega Industries stood at ₹14,063.5 Cr

The latest P/E ratio of Tega Industries as of 03-Jun-2026 is 90.49.

The latest P/B ratio of Tega Industries as of 03-Jun-2026 is 4.35.

The 52-week high of Tega Industries is ₹2,130 and the 52-week low is ₹1,466.9.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Tega Industries is ₹789 ( 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 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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