Tega Industries Ltd
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]
- Market Cap ₹ 11,365 Cr.
- Current Price ₹ 1,712
- High / Low ₹ 1,918 / 842
- Stock P/E 89.8
- Book Value ₹ 172
- Dividend Yield 0.12 %
- ROCE 14.2 %
- ROE 11.6 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
Cons
- Stock is trading at 10.0 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 3.89% 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | |
---|---|---|---|---|---|---|---|---|---|
220 | 303 | 384 | 444 | 447 | 497 | 592 | 715 | 737 | |
208 | 304 | 331 | 361 | 362 | 371 | 484 | 562 | 571 | |
Operating Profit | 12 | -1 | 53 | 83 | 85 | 126 | 108 | 153 | 166 |
OPM % | 6% | -0% | 14% | 19% | 19% | 25% | 18% | 21% | 22% |
21 | 11 | 12 | 19 | 33 | 217 | 45 | 25 | 29 | |
Interest | 4 | 5 | 11 | 15 | 17 | 14 | 9 | 11 | 11 |
Depreciation | 9 | 19 | 24 | 24 | 26 | 25 | 21 | 18 | 20 |
Profit before tax | 20 | -14 | 31 | 63 | 76 | 305 | 124 | 150 | 164 |
Tax % | 35% | 19% | 31% | 19% | 15% | 10% | 22% | 24% | 23% |
13 | -16 | 21 | 51 | 64 | 274 | 96 | 114 | 126 | |
EPS in Rs | 2.30 | -2.81 | 3.69 | 8.83 | 11.19 | 47.49 | 14.47 | 17.15 | 19.01 |
Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% | -0% | 12% | -0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 11% |
3 Years: | 14% |
TTM: | 3% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 20% |
3 Years: | -23% |
TTM: | 11% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | 63% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 17% |
3 Years: | 11% |
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 | |
---|---|---|---|---|---|---|---|---|---|
Equity Capital | 58 | 58 | 58 | 58 | 58 | 58 | 66 | 66 | 67 |
Reserves | 421 | 345 | 367 | 417 | 481 | 755 | 851 | 965 | 1,079 |
54 | 121 | 160 | 147 | 228 | 167 | 170 | 160 | 126 | |
51 | 117 | 100 | 112 | 102 | 136 | 141 | 127 | 183 | |
Total Liabilities | 583 | 642 | 684 | 734 | 868 | 1,115 | 1,228 | 1,318 | 1,454 |
62 | 171 | 159 | 125 | 131 | 142 | 140 | 156 | 172 | |
CWIP | 6 | 8 | 5 | 4 | 9 | 5 | 5 | 8 | 7 |
Investments | 275 | 180 | 168 | 243 | 397 | 626 | 641 | 721 | 764 |
240 | 282 | 352 | 361 | 331 | 342 | 442 | 433 | 512 | |
Total Assets | 583 | 642 | 684 | 734 | 868 | 1,115 | 1,228 | 1,318 | 1,454 |
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 | 260 |
ROCE % | -2% | 8% | 13% | 13% | 37% | 13% | 14% | 14% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s
16 Jul - Appointed M/s. Walker Chandiok & Co LLP, Chartered Accountants as the Statutory Auditors of the Company to fill up the casual vacancy upon the resignation …
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Announcement under Regulation 30 (LODR)-Resignation of Statutory Auditors
16 Jul - They intend to tender their resignation as Statutory Auditors of the Company, after issuance of their limited review report on the unaudited financial results for …
- Intimation Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 16 Jul
- Board Meeting Intimation for Consideration And Approval Of The Unaudited Financial Results Of The Company (Standalone As Well As Consolidated) For The Quarter Ended June 30, 2024. 16 Jul
- Intimation Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 11 Jul
Concalls
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May 2024Transcript PPT
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Sep 2023TranscriptPPTREC
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Aug 2023TranscriptNotesPPT
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Jun 2023Transcript PPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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Jun 2022Transcript PPT
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Feb 2022Transcript PPT
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.