Thejo Engineering Ltd

₹ 1,812 -2.40%

15 Jan 11:29 a.m.

About

Thejo Engineering Ltd., incorporated in 1986, 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 and fertilisers. ^[1]

Key Points

Products
The company specializes in designing, developing, manufacturing, and supplying rubber and polyurethane-based engineered products for various applications, including belt cleaning, spillage control, flow enhancement, impact and abrasion protection, and screening. ^[1]

Website NSE

Market Cap ₹ 1,965 Cr.
Current Price ₹ 1,812
High / Low ₹ 3,708 / 1,780
Stock P/E 38.3
Book Value ₹ 250
Dividend Yield 0.16 %
ROCE 28.3 %
ROE 24.6 %
Face Value ₹ 10.0

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Pros

Company has delivered good profit growth of 32.8% CAGR over last 5 years

Cons

Stock is trading at 7.29 times its book value

* 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

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	111	119	122	122	135	134	150	141	131	133
	92	104	107	112	112	111	121	115	112	117
Operating Profit	19	15	15	10	23	23	29	26	18	17
OPM %	17%	13%	12%	8%	17%	17%	19%	18%	14%	13%
	0	1	1	1	1	0	2	-0	1	4
Interest	1	1	1	1	2	2	2	1	1	1
Depreciation	3	3	3	3	5	5	5	6	4	5
Profit before tax	16	12	12	6	17	17	24	18	13	15
Tax %	25%	23%	23%	24%	23%	20%	22%	25%	27%	16%
	12	9	9	5	14	14	19	13	10	12
EPS in Rs	9.82	7.75	8.38	4.39	11.84	12.25	16.15	11.59	8.85	10.98
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	126	147	186	175	178	220	229	303	327	424	474	559	555
	110	133	175	162	158	192	197	254	276	355	414	458	465
Operating Profit	16	14	11	13	20	27	31	49	50	69	60	100	90
OPM %	13%	9%	6%	7%	11%	12%	14%	16%	15%	16%	13%	18%	16%
	2	1	1	0	0	1	1	0	3	1	3	3	6
Interest	4	5	6	6	6	6	5	5	4	3	5	6	6
Depreciation	3	4	6	6	5	5	6	6	9	11	12	20	20
Profit before tax	12	6	0	1	9	17	22	38	41	56	46	77	70
Tax %	34%	79%	1,240%	149%	34%	23%	31%	21%	27%	24%	24%	23%
	8	1	-2	-1	6	13	15	30	29	43	35	59	54
EPS in Rs	7.49	3.04	-0.22	0.20	5.59	10.73	12.97	24.17	25.19	35.31	30.30	51.69	47.57
Dividend Payout %	11%	38%	-522%	572%	21%	12%	13%	7%	8%	6%	7%	6%

Compounded Sales Growth
10 Years:	14%
5 Years:	20%
3 Years:	20%
TTM:	8%

Compounded Profit Growth
10 Years:	45%
5 Years:	33%
3 Years:	28%
TTM:	30%

Stock Price CAGR
10 Years:	%
5 Years:	63%
3 Years:	14%
1 Year:	0%

Return on Equity
10 Years:	20%
5 Years:	23%
3 Years:	23%
Last Year:	25%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	2	3	3	3	3	3	3	3	4	11	11	11	11
Reserves	49	50	48	46	52	62	74	98	125	154	186	240	260
	26	31	37	39	41	34	31	36	18	38	45	43	41
	41	50	60	54	41	54	60	79	94	98	121	119	113
Total Liabilities	118	135	148	143	138	153	169	216	240	301	362	412	425
	23	33	31	30	29	32	34	32	46	66	112	108	107
CWIP	0	1	0	0	1	1	0	0	1	1	2	2	2
Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
	95	101	116	112	108	119	135	184	193	234	249	301	316
Total Assets	118	135	148	143	138	153	169	216	240	301	362	412	425

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	0	5	1	4	12	24	20	19	52	27	59	52
	-10	-13	-4	-4	-5	-8	-6	-5	-13	-15	-51	-19
	19	4	4	-4	-4	-15	-9	-2	-31	-0	-8	-15
Net Cash Flow	10	-4	1	-4	3	1	5	13	8	13	0	17

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	117	115	108	112	120	109	102	122	104	92	83	89
Inventory Days	133	117	110	281	221	196	315	229	214	198	201	194
Days Payable	131	107	131	193	185	155	207	178	223	131	161	126
Cash Conversion Cycle	119	124	87	200	157	150	210	173	94	159	123	156
Working Capital Days	99	91	82	94	105	82	96	95	82	88	76	88
ROCE %	25%	13%	7%	8%	16%	22%	24%	33%	28%	31%	21%	28%

Shareholding Pattern

Numbers in percentages

	Mar 2021	Sep 2021	Oct 2021	Mar 2022	Sep 2022	Mar 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
	55.32%	54.84%	54.84%	54.71%	54.44%	54.34%	54.22%	54.15%	54.02%	53.64%	53.63%	53.62%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.14%	0.00%	0.00%	0.49%	0.12%	0.23%	0.66%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.45%	0.72%	0.72%	0.76%	0.89%	2.41%	2.45%
	44.67%	45.16%	45.16%	45.30%	45.56%	45.07%	45.06%	45.13%	44.72%	45.36%	43.72%	43.27%
No. of Shareholders	608	775	879	1,038	1,220	1,156	1,449	3,611	4,342	5,468	7,249	7,743

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Dec 2024
	57.24%	56.70%	56.70%	56.63%	56.25%	55.32%	54.71%	54.34%	54.02%	53.62%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.14%	0.49%	0.66%
	22.36%	22.25%	12.06%	11.24%	8.37%	0.00%	0.00%	0.45%	0.76%	2.45%
	20.41%	21.05%	31.23%	32.13%	35.39%	44.67%	45.30%	45.07%	44.72%	43.27%
No. of Shareholders	234	224	258	252	359	608	1,038	1,156	4,342	7,743

* 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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Thejo Engineering Ltd

Thejo Engineering Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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