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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
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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
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹2,412 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹50.8
TTM Sales
₹514 Cr.
Book Value per Share
₹290.6
P/E Ratio
43.75
Lower than its 5-year historical median
Industry PE
58.7
Price to Book (P/B)
7.65
Lower than its 5-year historical median
Price to Sales (P/S)
4.69
Lower than its 5-year historical median
EV/EBITDA
26.62
Lower than its 5-year historical median
Dividend Yield
INF%
Profitability Efficiency
Return on Equity (ROE)
19.02%
Outperforms industry median
Return on Capital Employed (ROCE)
26.78%
Outperforms industry median
Return on Assets (ROA)
13.66%
Operating Profit Margin
15.9%
Net Profit Margin
10.72%
Gross Profit Margin
16.5%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
17.81%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-2.89%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
10.26%
Asset Quality
Promoter Holding
53.61%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹304 Cr.
Equity
₹10.9 Cr.
Face Value
₹10
All Time Low / High
- / -
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Quality
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Valuation
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Price Trend
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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?
Revenue growth of Thejo Engineering Ltd vs industry peers?
Thejo Engineering Ltd revenue CAGR is 19.20%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.
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.
Stock return of Thejo Engineering Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of -3.57% 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 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.
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'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 12.5% | 16.2% | 20.6% | 18.5% | 24.7% | 29% | 23.8% | 27% | 28.9% | 26.8% | - |
| Value Creation Index ⓘ | -0.1 | 0.2 | 0.5 | 0.3 | 0.8 | 1.1 | 0.7 | 0.9 | 1.1 | 0.9 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 150 | 174 | 190 | 202 | 214 | 278 | 333 | 392 | 436 | 514 | 514 |
| Sales YoY Gr. | - | 16.2% | 9.2% | 6% | 6% | 29.9% | 19.9% | 17.7% | 11.5% | 17.8% | - |
| Adj EPS ⓘ | 5.6 | 8.4 | 12.7 | 12.9 | 20 | 27 | 25.5 | 34.7 | 46.2 | 50 | 50.8 |
| YoY Gr. | - | 50.8% | 50.2% | 2.2% | 54.4% | 35.1% | -5.4% | 35.9% | 33.2% | 8.1% | - |
| BVPS (₹) ⓘ | 71.6 | 78.7 | 90.2 | 101.3 | 118 | 142.8 | 166.5 | 200 | 243.9 | 290.6 | 290.6 |
| Adj Net Profit ⓘ | 5.8 | 8.7 | 13.1 | 13.4 | 21.1 | 28.8 | 27.3 | 37.4 | 50.1 | 54.2 | 55 |
| Cash Flow from Ops. ⓘ | 7.6 | 19.8 | 18.4 | 15.6 | 27.8 | 19 | 47 | 40.2 | 46.2 | 37.1 | - |
| Debt/CF from Ops. ⓘ | 5.4 | 1.3 | 1.3 | 1 | 0.2 | 0.1 | 0.2 | 0.2 | 0 | 0 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 14.7% | 19.2% | 15.6% | 17.8% | ||||
| Adj EPS ⓘ | 27.6% | 20.1% | 25.1% | 8.1% | ||||
| BVPSⓘ | 16.8% | 19.8% | 20.4% | 19.1% | ||||
| Share Price | - | -3% | 11.7% | -2.1% | ||||
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 % ⓘ | 8.1 | 11.2 | 14.9 | 13.4 | 18.1 | 20.5 | 16.4 | 18.8 | 20.8 | 18.6 | 17.5 |
| Op. Profit Mgn % ⓘ | 11.3 | 11.7 | 13.8 | 12.8 | 16.1 | 16.8 | 14.1 | 17.7 | 19.3 | 15.9 | 15.9 |
| Net Profit Mgn % ⓘ | 3.8 | 5 | 6.9 | 6.7 | 9.9 | 10.4 | 8.2 | 9.5 | 11.5 | 10.5 | 10.7 |
| Debt to Equity ⓘ | 0.6 | 0.3 | 0.3 | 0.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 237 | 201 | 190 | 195 | 197 | 170 | 160 | 148 | 151 | 159 | 93 |
| Cash Conv. Cycle ⓘ | 144 | 133 | 122 | 128 | 132 | 111 | 93 | 87 | 96 | 97 | 61 |
Valuation of Thejo Engineering - 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 | 150 | 174 | 190 | 202 | 214 | 278 | 333 | 392 | 436 | 514 |
| Operating Expenses ⓘ + | 133 | 154 | 164 | 176 | 179 | 231 | 286 | 322 | 352 | 432 |
| Operating Profit ⓘ | 17 | 20 | 26 | 26 | 34 | 47 | 47 | 69 | 84 | 82 |
| Operating Profit Margin (%) | 11.1% | 11.7% | 13.8% | 12.8% | 16.1% | 16.8% | 14.0% | 17.7% | 19.3% | 15.9% |
| Other Income ⓘ + | 1 | 1 | 1 | 1 | 3 | 2 | 2 | 2 | 2 | 7 |
| Interest ⓘ | 6 | 5 | 4 | 3 | 3 | 2 | 4 | 4 | 4 | 4 |
| Depreciation ⓘ | 4 | 4 | 4 | 5 | 6 | 7 | 8 | 15 | 15 | 8 |
| Profit Before Tax ⓘ | 8 | 13 | 19 | 19 | 29 | 39 | 37 | 51 | 67 | 74 |
| Tax ⓘ | 3 | 4 | 6 | 5 | 7 | 10 | 10 | 13 | 17 | 19 |
| Profit After Tax | 6 | 9 | 14 | 14 | 21 | 29 | 28 | 38 | 50 | 55 |
| PAT Margin (%) | 3.7% | 5.0% | 7.1% | 6.8% | 10.0% | 10.5% | 8.3% | 9.7% | 11.5% | 10.7% |
| Adjusted EPS (₹) | 5.5 | 8.5 | 13.2 | 13.2 | 20.3 | 27.4 | 25.8 | 35.4 | 46.1 | 50.8 |
| Dividend Payout Ratio (%) | 21.40% | 15.80% | 12.70% | 12.60% | 9.80% | 7.30% | 7.80% | 8.50% | 10.80% | 9.80% |
| 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 + | 74 | 81 | 93 | 105 | 124 | 152 | 178 | 215 | 265 | 315 | |
| Debt + | 37 | 22 | 22 | 15 | 4 | 1 | 5 | 6 | 0 | 0 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 12 | 17 | 19 | 20 | 23 | 27 | 39 | 33 | 35 | 50 | |
| Others Liabilities ⓘ | 19 | 27 | 24 | 31 | 39 | 56 | 63 | 66 | 61 | 82 | |
| Total Liabilities ⓘ | 142 | 147 | 157 | 171 | 190 | 235 | 286 | 320 | 361 | 447 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 20 | 23 | 24 | 23 | 32 | 48 | 85 | 84 | 79 | 94 | |
| CWIP ⓘ | 1 | 1 | 0 | 0 | 1 | 1 | 2 | 2 | 0 | 12 | |
| Investments ⓘ | 20 | 20 | 21 | 21 | 23 | 23 | 23 | 30 | 33 | 35 | |
| Inventories | 17 | 17 | 22 | 25 | 28 | 37 | 40 | 44 | 45 | 50 | |
| Trade Receivables | 56 | 62 | 60 | 73 | 72 | 84 | 88 | 102 | 123 | 163 | |
| Cash Equivalents | 6 | 6 | 11 | 13 | 18 | 21 | 25 | 36 | 53 | 51 | |
| Others Assets ⓘ | 23 | 18 | 18 | 16 | 17 | 21 | 22 | 21 | 27 | 40 | |
| Total Assets ⓘ | 142 | 147 | 157 | 171 | 190 | 235 | 286 | 320 | 361 | 447 | |
| 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 ⓘ + | 8 | 20 | 18 | 16 | 28 | 19 | 47 | 40 | 46 | 37 |
| Cash Flow From Investing Activity ⓘ + | -3 | -0 | -5 | -2 | -8 | -8 | -45 | -23 | -18 | -48 |
| Cash Flow From Financing Activity ⓘ + | -4 | -19 | -9 | -12 | -16 | -9 | 0 | -5 | -15 | -11 |
| Net Cash Flow ⓘ | 1 | 0 | 5 | 2 | 3 | 3 | 3 | 12 | 13 | -21 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 7.9 | 11.25 | 15.59 | 13.87 | 18.69 | 21.14 | 16.7 | 19.34 | 20.84 | 19.02 |
| ROCE (%) | 12.5 | 16.19 | 20.57 | 18.5 | 24.69 | 29.01 | 23.82 | 26.97 | 28.91 | 26.78 |
| Asset Turnover Ratio | 1.05 | 1.21 | 1.25 | 1.23 | 1.18 | 1.3 | 1.28 | 1.29 | 1.28 | 1.27 |
| PAT to CFO Conversion(x) | 1.33 | 2.22 | 1.29 | 1.14 | 1.33 | 0.66 | 1.68 | 1.05 | 0.92 | 0.67 |
| Working Capital Days | ||||||||||
| Receivable Days | 128.30 | 123.60 | 117.90 | 120.40 | 123.60 | 102.80 | 94.70 | 88.80 | 94 | 101.50 |
| Inventory Days | 40 | 34.80 | 37.20 | 43 | 45.80 | 43.10 | 42.40 | 39.30 | 37.40 | 33.80 |
| Payable Days | 83 | 89.80 | 122 | 144.10 | 147.70 | 130.10 | 145.10 | 149.80 | 128.20 | 143.70 |
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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 ₹2,412.4 Cr
The latest P/E ratio of Thejo Engineering as of 31-Dec-1969 is 43.75.
The latest P/B ratio of Thejo Engineering as of 31-Dec-1969 is 7.65.
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 Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Thejo Engineering Ltd is likely to Rise 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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