---
title: "Telge Projects Ltd (544544) — Share Price, Financials & Analysis"
symbol: "544544"
company: "Telge Projects Ltd"
canonical: "https://tapetide.com/stocks/544544"
isin: "INE0SRP01014"
nse_symbol: "TELGEPROJECTSLTD"
bse_code: "544544"
sector: "Construction"
industry: "Civil Construction"
market_cap_cr: 217.35
generated_at: "2026-09-13T19:16:35.890Z"
---

# Telge Projects Ltd (544544)

Canonical page: https://tapetide.com/stocks/544544

## Company

- **NSE Symbol:** TELGEPROJECTSLTD
- **BSE Code:** 544544
- **ISIN:** INE0SRP01014
- **Sector:** Construction
- **Industry:** Civil Construction
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2025-10-03
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** telgeprojects.com

## About

Incorporated on January 16, 2018, Telge Projects Ltd is engaged in a comprehensive range of engineering design services.[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:47:30.874295Z.

- **Market Cap:** ₹217.35 Cr
- **Classification:** SME
- **P/E (reported):** 27.6
- **EPS (TTM):** ₹7.8
- **Book Value:** ₹45.26
- **Price to Book:** 5.01
- **Dividend Yield:** 0%
- **ROE:** 14.65%
- **ROCE:** 17.91%
- **Debt to Equity:** 0.23
- **Revenue (yearly):** ₹40.7 Cr
- **Net Income:** ₹6.3 Cr
- **EBITDA:** ₹9.6 Cr
- **52-Week High:** ₹233.45
- **52-Week Low:** ₹77.05
- **RSI (14):** 74.51

## Tapetide Score

- **Score:** 58 / 100
- **Score date:** 2026-09-04
- **Archetype:** Trend Ahead of Fundamentals
- **What it means:** The price trend is running ahead of what the financials currently support. Moves like this depend on the fundamentals catching up; check what would have to be true for that.
- **Pillar profile:** Quality: Average · Valuation: Expensive · Momentum: Rising
- **Percentile:** 81.3 (of 4473 scored stocks)
- **Confidence:** 98%
- **Data coverage:** 95%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 84.05 | 9% |
| growth | 96.22 | 9% |
| momentum | 98.9 | 12% |
| ownership | 35.36 | 24% |
| quality | 57.94 | 22% |
| valuation | 36.12 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company has a good return on equity (ROE) track record: 3 Years ROE 33.4%

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Debtor days have increased from 88.8 to 108 days.
- Working capital days have increased from 48.8 days to 87.1 days

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -75% | -74.19% | 300% |
| ebitda margin growth | -10% | -30.17% | -24.96% | — |
| net income growth | -14.29% | 16.67% | 133.33% | — |
| revenue growth | 19.31% | 55.34% | 48.22% | — |
| roce | -16.7% | -60.15% | -70.17% | — |
| roe | -14.81% | -67.04% | 37.81% | — |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 5.3 | 12.65 | 8.49 | 8.25 | 9.08 | 14.39 | 17.05 |
| Expenses | 4.56 | 6.63 | 7.23 | 6.47 | 7.99 | 9.5 | 12.87 |
| Operating Profit | 0.74 | 6.02 | 1.26 | 1.78 | 1.09 | 4.89 | 4.18 |
| OPM % | 13.96 | 47.59 | 14.84 | 21.58 | 12 | 33.98 | 24.52 |
| Other Income | 0.06 | 0.48 | 0.58 | 0 | 0.42 | 0.11 | 0.29 |
| Interest | 0.24 | 0.73 | 0.14 | 0.73 | 0.26 | 0.26 | 0.05 |
| Depreciation | 0.11 | 0.24 | 0.15 | 0.17 | 0.17 | 0.27 | 0.52 |
| Profit before tax | 0.45 | 5.53 | 1.55 | 0.88 | 1.08 | 4.47 | 3.9 |
| Tax % | 48.89 | 23.15 | 20.65 | 19.32 | 23.15 | 21.48 | 23.33 |
| Net Profit | 0.22 | 4.26 | 1.22 | 0.71 | 0.83 | 3.51 | 2.99 |
| EPS in Rs | 2.14 | 39.69 | 1.64 | 0.73 | 0.82 | 3.36 | 2.89 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- |
| Sales | 12.37 | 25.61 | 40.21 | 48.77 |
| Expenses | 8.48 | 17.36 | 31.1 | 36.83 |
| Operating Profit | 3.89 | 8.25 | 9.11 | 11.94 |
| OPM % | 31.45 | 32.21 | 22.66 | 24.48 |
| Other Income | 0.09 | 0.54 | 0.49 | 0.82 |
| Interest | 0.19 | 1.32 | 0.86 | 1.3 |
| Depreciation | 0.19 | 0.45 | 0.77 | 1.13 |
| Profit before tax | 3.6 | 7.02 | 7.97 | 10.33 |
| Tax % | 26.39 | 22.93 | 21.33 | — |
| Net Profit | 2.66 | 5.42 | 6.27 | 8.04 |
| EPS in Rs | 26 | 50.78 | 6.07 | 7.8 |
| Dividend Payout % | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Equity Capital | 1 | 1.03 | 9.79 |
| Reserves | 3.66 | 10.51 | 32.07 |
| Borrowings | 2.76 | 9.38 | 9.46 |
| Other Liabilities | 2.95 | 4.69 | 9.39 |
| Total Liabilities | 10.37 | 25.61 | 60.71 |
| Fixed Assets | 4.87 | 14.15 | 15.51 |
| CWIP | 0 | 0.03 | 1.29 |
| Investments | 0 | 0 | 0 |
| Other Assets | 5.5 | 11.43 | 43.91 |
| Total Assets | 10.37 | 25.61 | 60.71 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Cash from Operating Activity | 3.1 | 3.2 | 0.8 |
| Cash from Investing Activity | -3.44 | -9.31 | -2.95 |
| Cash from Financing Activity | 0.33 | 7.16 | 23.13 |
| Net Cash Flow | -0.02 | 1.04 | 20.97 |
| Free Cash Flow | 2.86 | -6.13 | -2.64 |
| CFO/OP | 85 | 60 | 30 |

### Ratios

| Item | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Debtor Days | 86.75 | 71.55 | 108.2 |
| Cash Conversion Cycle | 86.75 | 71.55 | 108.2 |
| Working Capital Days | 19.77 | 39.34 | 87.14 |
| ROCE % | — | 54.21 | 23.74 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- |
| Promoters | 71.5% | 71.65% | 71.65% | 72.16% |
| FIIs | 2.77% | 2.11% | 1.74% | 1.14% |
| DIIs | 10.08% | 9.62% | 10.16% | 8.08% |
| Government | 0% | 0% | 0% | 0% |
| Public | 12.21% | 14.6% | 13.98% | 15.92% |
| Others | 3.45% | 2.02% | 2.47% | 2.7% |
| No. of Shareholders | 11 | 269 | 239 | 297 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 13 / 4 / 2

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 208.91 | Buy |
| EMA (10) | 210.56 | Buy |
| SMA (20) | 193.3 | Buy |
| EMA (20) | 198 | Buy |
| SMA (50) | 174.05 | Buy |
| EMA (50) | 175.56 | Buy |
| SMA (100) | 142.52 | Buy |
| EMA (100) | 154.27 | Buy |
| SMA (200) | 123.93 | Buy |
| EMA (200) | 127.46 | Buy |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 64.85 | Neutral |
| MACD (12,26,9) | 15.09 | Buy |
| Stochastic (14,3,3) | 87.17 | Sell |
| ADX (14) | 34.61 | Buy |
| Williams %R (14) | -26.1 | Neutral |
| ATR (14) | 10.07 | High Volatility |
| ROC (12) | 18.13 | Buy |
| Stoch RSI (14) | 39.66 | Neutral |
| UO (7,14,28) | 72.6 | Sell |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-05 | [Announcement under Regulation 30 (LODR)-Code of Conduct under SEBI (PIT) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ae82176a-6f90-41c0-ae6b-39cdc30abf50.pdf) |
| 2026-09-01 | [Announcement under Regulation 30 (LODR)-Press Release / Media Release](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d87bfc90-a7ea-4b29-a3bb-487a3422518f.pdf) |
| 2026-09-01 | [Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=dbc19574-f01c-48a7-aa61-dec79b1968f4.pdf) |
| 2026-08-10 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c9c32287-24c2-479b-a8a4-d9eacb4cad53.pdf) |
| 2026-08-10 | [Notice Of 9Th Annual General Meeting Of The Company.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5c5c4773-c494-418e-a6f3-bfd2bf324097.pdf) |
| 2026-08-10 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9392cb3a-840d-4dac-a670-c55259a07186.pdf) |
| 2026-08-10 | [Letter To Members Providing Weblink For Accessing Annual Report And AGM Notice](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e38cefb8-67fa-4909-a60b-72353c7e0da0.pdf) |
| 2026-08-07 | [Board Meeting Outcome for Outcome Of The Board Meeting Of Telge Projects Limited Held On Friday August 7 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0301d356-5be8-4918-82d0-66a0123e7e1e.pdf) |
| 2026-08-07 | [Announcement under Regulation 30 (LODR)-Code of Conduct under SEBI (PIT) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f3f131e7-192f-4779-9ce8-7ae394899ffe.pdf) |
| 2026-08-03 | [Board Meeting Intimation for Fixing The Day Date Time Of The 9Th Annual General Meeting Of The Company And Approval Of Notice Of AGM And Others.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e560572b-090b-4f92-8213-1b9d40676fda.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-07-16 | [Approval Of Unaudited Financial Results (Standalone And Consolidated) For The Quarter Ended June 30 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2d207bfd-ecf9-4d28-bfd8-9d1cda69e0ac.pdf) |
| 2026-05-18 | [Outcome Of Board Meeting Held On 18/05/2026 For Approval Of Audited Financial Results (Standalone And Consolidated) For The Quarter And Financial Year Ended 31/03/2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fa8b6360-ee3d-4551-a5a3-8a2059cec625.pdf) |
| 2025-11-08 | [Results - Unaudited Financial Results For Half Year Ended On 30.09.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=34420a09-0e47-486e-8700-d780c281c479.pdf) |

### Earnings Call Transcripts

| Date | Document |
| --- | --- |
| 2026-05-22 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b26d0ad3-7b3b-4808-9869-41ed4e83170e.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2026-05-19 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fc38266e-1659-44db-affa-dabbd10f41e9.pdf) |
| 2026-05-19 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c4b26108-6551-492e-915d-ddaf0afe0682.pdf) |
| 2025-11-17 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3ad207d4-854f-4307-b25d-f8e1037bb62d.pdf) |
| 2025-11-17 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=32ba310c-af55-4cb7-9256-5af687788b88.pdf) |

### Earnings Call Recordings

| Date | Document |
| --- | --- |
| 2026-05-19 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f85b92f8-2374-4483-8cd1-868b9107dabf.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 8h - Board meets May 18, 2026 to approve audited FY26 standalone and consolidated results. | [Board Meeting Intimation for Telge Projects Ltd Has Informed BSE That The Meeting Of The Board Of The Company Is Scheduled On 18/05/2026, Inter Alia, To Consider And Approve 1 - The Audited Financial Results For Year Ended 31St March, 2026. 2 - Any Other Item. 8h - Board meets May 18, 2026 to approve audited FY26 standalone and consolidated results.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/4df5a752-1456-4d71-af7d-3a3717deb2c1.pdf) |
| 4 Mar - Telge Projects Inc. to acquire 100% of Edward Farr Architects Inc. for USD190,000; completion by March 31, 2026. | [Announcement under Regulation 30 (LODR)-Acquisition 4 Mar - Telge Projects Inc. to acquire 100% of Edward Farr Architects Inc. for USD190,000; completion by March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5900aa33-f473-4858-b291-be88f2c08ac7.pdf) |
| 4 Mar - Telge Projects Inc. signed SPA on March 3, 2026 to acquire 100% of Edward Farr Architects for USD 190,000. | [Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements 4 Mar - Telge Projects Inc. signed SPA on March 3, 2026 to acquire 100% of Edward Farr Architects for USD 190,000.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6774cee5-f3a7-4fef-8d8b-fbade9476709.pdf) |
| 26 Mar - Trading window closed Apr 1, 2026 until 48 hours after board meeting approving results for period ended Mar 31, 2026. | [Closure of Trading Window 26 Mar - Trading window closed Apr 1, 2026 until 48 hours after board meeting approving results for period ended Mar 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5c663019-4977-4f00-b30a-bcf8397b1d8f.pdf) |
| 24 Mar 2017 - The Company has participated in 'no-deal' road-shows at Mumbai from 21st March, 2017 to 23rd March, 2017 with the purpose of meeting Institutional Investors. At … | [Investor Meet 24 Mar 2017 - The Company has participated in 'no-deal' road-shows at Mumbai from 21st March, 2017 to 23rd March, 2017 with the purpose of meeting Institutional Investors. At …](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/3/47d44835-20c7-4e1e-9560-43e3bbce3716.pdf) |
| 23 Mar - On Mar 21, 2026 shareholders passed ESOP-2026, ESOP extension, and IPO-proceeds deviation (unanimous e-voting). | [Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 23 Mar - On Mar 21, 2026 shareholders passed ESOP-2026, ESOP extension, and IPO-proceeds deviation (unanimous e-voting).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2d79088b-29c5-4544-90ec-de29fbede2b4.pdf) |
| 23 Feb - Telge opens Nashik branch (70 seats), two-shift; revenue from March 2026; leased office, phased 40% bandwidth increase. | [Intimation Under Regulation 30 Of The SEBI (Listing Obligation And Disclosure Requirements) Regulation, 2015 For Opening Of New Branch Office. 23 Feb - Telge opens Nashik branch (70 seats), two-shift; revenue from March 2026; leased office, phased 40% bandwidth increase.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a2f5fad5-3f2a-4746-b01b-1c77d581e951.pdf) |
| 23 Feb - Inaugurated Nashik branch Feb 23, 2026; 70-seat office, revenue from March 2026; leased, minimal capex. | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 23 Feb - Inaugurated Nashik branch Feb 23, 2026; 70-seat office, revenue from March 2026; leased, minimal capex.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5d3d05b4-5974-4583-9a65-4b8b5c360cd1.pdf) |
| 13 Apr - Submitted Regulation 74(5) certificate for quarter ended 31 March 2026. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 13 Apr - Submitted Regulation 74(5) certificate for quarter ended 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0936bcfa-9830-46da-a460-75f6a9e23212.pdf) |
| 1 Apr - April 1, 2026: Material subsidiary Telge Projects Inc. domesticated from Virginia to Texas; renamed Telge Global Inc. | [Intimation Of Domestication And Change Of Name Of Material Subsidiary Company (Foreign Subsidiary). 1 Apr - April 1, 2026: Material subsidiary Telge Projects Inc. domesticated from Virginia to Texas; renamed Telge Global Inc.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b5b52016-cbfb-4c31-be57-5b4257eed549.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/32ba310c-af55-4cb7-9256-5af687788b88.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/13e413a4-d6df-4b72-9776-beb3a1ec6745.pdf) |
| Nov 2016 | [Concall - Nov 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6B228F44_CDD8_4473_B516_029B392B602B_110854.pdf) |
| Nov 2015 | [Concall - Nov 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=E611842F_3BFD_41A7_8504_8C0F43A84015_121207.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b26d0ad3-7b3b-4808-9869-41ed4e83170e.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c4b26108-6551-492e-915d-ddaf0afe0682.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/b26d0ad3-7b3b-4808-9869-41ed4e83170e.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/c4b26108-6551-492e-915d-ddaf0afe0682.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/fc38266e-1659-44db-affa-dabbd10f41e9.pdf) |
| Feb 2017 | [Concall - Feb 2017](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=F27F7841_88A9_441C_9708_0C4F350B2C96_183216.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2026 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c9c32287-24c2-479b-a8a4-d9eacb4cad53.pdf) |
| from bse | [Financial Year 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/536666/5366660316.pdf) |
| from bse | [Financial Year 2015 from bse](https://www.bseindia.com/bseplus/AnnualReport/536666/5366660315.pdf) |
| from bse | [Financial Year 2014 from bse](https://www.bseindia.com/bseplus/AnnualReport/536666/5366660314.pdf) |
| from bse | [Financial Year 2013 from bse](https://www.bseindia.com/bseplus/AnnualReport/536666/5366660313.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:16:35.890Z.