Tega Industries Ltd

Tega Inds. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Tega Industries Ltd

₹ 1,748 -3.51%
21 Nov - close price
tegaindustries.com BSE: 543413 NSE: TEGA
About

Established in 1976, Tega Industries is a leading manufacturer and distributor of specialized, critical, and recurring consumable products for the global mineral beneficiation, mining, and bulk solids handling industry. Globally, Tega industries are the second largest producers of polymer-based mill liners, based on revenues for the year 2020.[1]

Key Points

Business Segments
1) Consumables (86% in FY24 vs ~97% in FY23): The company manufactures and distributes specialized ‘critical to operate’ and recurring consumable products for the global mineral beneficiation, mining, and bulk solids handling industry.

Website BSE NSE
  • Market Cap ₹ 11,629 Cr.
  • Current Price ₹ 1,748
  • High / Low ₹ 2,329 / 964
  • Stock P/E 77.2
  • Book Value ₹ 182
  • Dividend Yield 0.11 %
  • ROCE 14.2 %
  • ROE 11.6 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Stock is trading at 9.58 times its book value
  • The company has delivered a poor sales growth of 10.7% over past five years.
  • Company has a low return on equity of 11.5% over last 3 years.
  • Dividend payout has been low at 7.39% of profits over last 3 years

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Engineering Industry: Engineering

Part of BSE Allcap BSE Industrials Nifty Microcap 250 Nifty Total Market BSE SmallCap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
149 171 155 159 174 186 196 146 199 164 228 237 198
125 138 123 128 142 142 151 113 156 131 172 170 163
Operating Profit 24 33 32 32 33 44 45 33 43 33 57 67 35
OPM % 16% 19% 20% 20% 19% 23% 23% 23% 22% 20% 25% 28% 18%
11 7 14 2 8 10 5 6 7 5 11 7 17
Interest 2 2 2 2 2 3 2 3 3 2 2 2 2
Depreciation 6 4 5 5 5 5 4 5 5 5 5 6 6
Profit before tax 28 34 39 27 33 46 44 32 42 30 60 66 44
Tax % 27% 25% 20% 20% 26% 23% 25% 23% 21% 23% 23% 23% 29%
20 25 32 22 25 35 33 24 33 23 46 51 31
EPS in Rs 3.53 3.84 4.75 3.29 3.70 5.27 4.91 3.68 4.98 3.51 6.85 7.64 4.65
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
220 303 384 444 447 497 592 715 737 826
208 304 331 361 362 371 484 562 571 635
Operating Profit 12 -1 53 83 85 126 108 153 166 191
OPM % 6% -0% 14% 19% 19% 25% 18% 21% 23% 23%
21 11 12 19 33 217 45 25 29 39
Interest 4 5 11 15 17 14 9 11 11 9
Depreciation 9 19 24 24 26 25 21 18 20 22
Profit before tax 20 -14 31 63 76 305 124 150 164 200
Tax % 35% 19% 31% 19% 15% 10% 22% 24% 23%
13 -16 21 51 64 274 96 114 126 151
EPS in Rs 2.30 -2.81 3.69 8.83 11.19 47.49 14.47 17.15 19.01 22.65
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 12% 11%
Compounded Sales Growth
10 Years: %
5 Years: 11%
3 Years: 14%
TTM: 14%
Compounded Profit Growth
10 Years: %
5 Years: 20%
3 Years: -23%
TTM: 21%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 74%
Return on Equity
10 Years: %
5 Years: 17%
3 Years: 12%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 58 58 58 58 58 58 66 66 67 67
Reserves 421 345 367 417 481 755 851 965 1,079 1,147
54 121 160 147 228 167 170 160 126 91
51 117 100 112 102 136 141 127 183 147
Total Liabilities 583 642 684 734 868 1,115 1,228 1,318 1,454 1,452
62 171 159 125 131 142 140 156 171 172
CWIP 6 8 5 4 9 5 5 8 7 17
Investments 275 180 168 243 397 626 641 721 764 732
240 282 352 361 331 342 442 433 512 531
Total Assets 583 642 684 734 868 1,115 1,228 1,318 1,454 1,452

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
58 15 54 109 132 8 144 105
-31 -2 -56 -152 -67 -6 -119 -54
-29 15 -34 47 -70 1 -24 -51
Net Cash Flow -2 28 -36 5 -5 2 1 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 190 156 170 183 151 132 120 105 116
Inventory Days 211 272 162 146 172 200 231 168 245
Days Payable 129 209 131 134 100 140 94 69 97
Cash Conversion Cycle 272 219 200 196 223 193 257 204 264
Working Capital Days 277 157 186 188 160 143 174 134 146
ROCE % -2% 8% 13% 13% 37% 13% 14% 14%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
79.17% 79.17% 79.17% 79.17% 79.17% 79.10% 74.99% 74.88% 74.88% 74.78% 74.78% 74.78%
2.73% 2.17% 2.39% 2.48% 2.46% 2.41% 2.50% 1.83% 1.48% 1.48% 1.70% 1.77%
7.48% 8.95% 9.57% 10.91% 11.67% 12.05% 16.64% 17.52% 18.33% 19.10% 18.94% 19.11%
10.62% 9.71% 8.87% 7.44% 6.71% 6.43% 5.87% 5.75% 5.30% 4.63% 4.56% 4.32%
No. of Shareholders 1,27,9411,12,6821,03,56091,49682,06770,71660,66559,45859,60356,86256,23353,318

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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