Thejo Engineering Ltd - Stock Valuation and Financial Performance

BSE: 0 | NSE: THEJO | Engineering | Small Cap

BSE Share Price
Not Listed

DeciZen - make an informed investing decision on Thejo Engineering

Overall Rating
Bole Toh

1. Quality

2. Valuation

Undervalued

3. Price Trend

Thejo Engineering stock performance -

mw4me loader
P/E Ratio (SA):
95.44
Market Cap:
2,632.4 Cr.
52-wk low:
0
52-wk high:
0

Is Thejo Engineering Ltd an attractive stock to invest in?

1. Is Thejo Engineering Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Thejo Engineering Ltd is a average quality company.

2. Is Thejo Engineering Ltd undervalued or overvalued?

The key valuation ratios of Thejo Engineering Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Thejo Engineering Ltd a good buy now?

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

10 Year X-Ray of Thejo Engineering:

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.
Thejo Engineering Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 13.8%9.8%9.3%8.7%11.2%14.1%13.2%18.1%21.3%17.5%-
Value Creation
Index
0.0-0.3-0.3-0.4-0.20.0-0.10.30.50.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 149169157150174190202214278333333
Sales YoY Gr.-13.2%-6.9%-4.7%16.2%9.2%6%6%29.9%19.9%-
Adj EPS 8.55.65.45.68.412.712.9202725.525.6
YoY Gr.--33.8%-3.9%3.7%50.8%50.2%2.2%54.4%35.1%-5.4%-
BVPS (₹) 58.962.266.271.678.790.2101.3118142.8166.5194.5
Adj Net
Profit
8.75.85.65.88.713.113.421.128.827.328
Cash Flow from Ops. 6.110.512.27.619.818.415.627.81947-
Debt/CF from Ops. 5.13.53.25.41.31.310.20.10.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 9.3%13.8%18.2%19.9%
Adj EPS 13.1%24.8%25.4%-5.4%
BVPS12.3%16.2%18%16.6%
Share Price - 34.3% 26.4% 95.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
15.39.38.48.111.214.913.418.120.516.414.2
Op. Profit
Mgn %
13.110.410.911.311.713.812.816.116.814.117.7
Net Profit
Mgn %
5.83.43.53.856.96.79.910.48.28.3
Debt to
Equity
0.50.60.60.60.30.30.2000-
Working Cap
Days
20420723423720119019519717016043
Cash Conv.
Cycle
961011211441331221281321119324

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 18.16%

Net Profit is growing at healthy rate in last 3 years 25.44%

Sales growth is good in last 4 quarters at 15.33%

Return on Equity has declined versus last 3 years average to 14.20%

Latest Financials - Thejo Engineering Ltd.

Standalone Consolidated
TTM EPS (₹) 25.6 30.1
TTM Sales (₹ Cr.) 333 474
BVPS (₹.) 194.5 223.5
Reserves (₹ Cr.) 199 230
P/BV 12.57 10.94
PE 95.44 81.20
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) - / -
Market Cap (₹ Cr.) 2,632
Equity (₹ Cr.) 10.8
Face Value (₹) 10
Industry PE 32.8

Management X-Ray of Thejo Engineering:

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 (%)

Event Update

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Analyst's Notes

Key Ratios of Thejo Engineering

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales149169157150174190202214278333
Operating Expenses 130152140133154164176179231286
Manufacturing Costs16202325353541435978
Material Costs42473137404241436283
Employee Cost 445356566269747790102
Other Costs 27323015171919162024
Operating Profit 20171717202626344747
Operating Profit Margin (%) 13.1%10.1%10.9%11.1%11.7%13.8%12.8%16.1%16.8%14.0%
Other Income 1111111322
Interest 5566543324
Depreciation 3544445678
Exceptional Items 0000000000
Profit Before Tax 13888131919293937
Tax 433346571010
Profit After Tax 956691414212928
PAT Margin (%) 5.8%3.2%3.6%3.7%5.0%7.1%6.8%10.0%10.5%8.3%
Adjusted EPS (₹)8.55.35.45.58.513.213.220.327.425.8
Dividend Payout Ratio (%)14%22%22%21%16%13%13%10%7%8%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 616468748193105124152178
Share Capital 333333341111
Reserves 576165707890102121142167
Minority Interest0000000000
Debt31353737222215415
Long Term Debt3685421115
Short Term Debt28292932182015300
Trade Payables11151312171920232739
Others Liabilities 31353219272431395663
Total Liabilities 133149150142147157171190235286

Fixed Assets

Gross Block404547505762653861105
Accumulated Depreciation1723263034384261220
Net Fixed Assets23222120232423324885
CWIP 1001100112
Investments 9161920202121232323
Inventories12141717172225283740
Trade Receivables47545256626073728488
Cash Equivalents 886661113182125
Others Assets33353523181816172122
Total Assets 133149150142147157171190235286

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 610128201816281947
PBT 13888131919293937
Adjustment 79998889812
Changes in Working Capital -10-4-2-73-3-5-4-189
Tax Paid -4-3-3-3-4-5-6-6-11-11
Cash Flow From Investing Activity -11-11-11-30-5-2-8-8-45
Capex -11-4-3-3-7-4-4-6-7-44
Net Investments -1-7-9-10-20-30-2
Others 0111712101
Cash Flow From Financing Activity 10-3-4-19-9-12-16-90
Net Proceeds from Shares 0000000111
Net Proceeds from Borrowing 0000000006
Interest Paid -5-5-6-6-5-4-3-3-2-4
Dividend Paid 00000-2-2-2-2-2
Others 5522-14-3-7-13-50
Net Cash Flow -5-1-21052333
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)15.298.778.467.911.2515.5913.8718.6921.1416.7
ROCE (%)20.5913.7513.4112.516.1920.5718.524.6929.0123.82
Asset Turnover Ratio1.231.221.081.051.211.251.231.181.31.28
PAT to CFO Conversion(x)0.67221.332.221.291.141.330.661.68
Working Capital Days
Receivable Days10410712012812411812012410395
Inventory Days29283540353743464342
Payable Days1051031468390122144148130145

Thejo Engineering Ltd Stock News

Thejo Engineering Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing 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 01-Jan-1970 05:30 the market cap of Thejo Engineering stood at ₹2,632.4.
The latest P/E ratio of Thejo Engineering as of 01-Jan-1970 05:30 is 95.44.
The latest P/B ratio of Thejo Engineering as of 01-Jan-1970 05:30 is 12.57.
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 ₹332.7 ( Cr.) .

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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