Tega Industries logo

Tega Industries

TEGA NSE

Key Fundamentals

SmallcapIndustrial ProductsCapital Goods
Market Cap
₹15,865 Cr
Volatility
Moderate
P/E Ratio
3,270.94
EBITDA
₹313 Cr
Return on Equity
4.19%
Debt to Equity
0.12
Book Value
₹453.52
EPS
₹31.44
52W High
₹2,198
52W Low
₹1,473

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Strengths

1
  • Company is expected to give good quarter

Weaknesses

5
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 11.1% over last 3 years.
  • Earnings include an other income of Rs.89.1 Cr.
  • Dividend payout has been low at 8.02% of profits over last 3 years
  • Promoter holding has decreased over last 3 years: -7.37%

Growth Rate

Revenue Growth
5.46% lower than 3Y
Net Income Growth
-28.69% lower than 3Y
Cash Flow Change
79.63% higher than 3Y
ROE
-70.76% lower than 3Y
ROCE
-66.2% higher than 3Y
EBITDA Margin (Avg.)
-22.57% lower than 3Y

AI Analysis — Bull vs Bear

7d ago
AI opinion · based on fundamentals
Risk high

Tega Industries, a niche industrial consumables maker with a market cap of ~₹15,589 Cr, has delivered strong TTM sales growth of 85% but reported a TTM profit decline of -100%, resulting in a negative trailing P/E of -17,200x. The 3-year ROE averages 11%, and promoter holding has declined by 7.48% over three years, signalling mixed fundamentals amid robust top-line momentum.

Bull Case 7
  • TTM revenue growth of 85% is exceptionally strong, indicating a sharp acceleration in order execution and demand for mining consumables
  • 5-year compounded sales CAGR of 16% and 10-year CAGR of 12% demonstrate a consistent long-term top-line growth trajectory
  • 10-year compounded profit CAGR of 37% shows the company has historically been capable of scaling earnings at a high rate
  • 3-year stock price CAGR of 30% reflects sustained market confidence since the company's listing
  • Price-to-book ratio of 4.55x is moderate for a capital-light industrial consumables business with global mining exposure
  • Company is expected to deliver a good upcoming quarter, suggesting near-term operational momentum may be intact
  • 5-year ROE average of 13% indicates the business has generated reasonable returns on shareholder equity over a medium-term horizon
Bear Case 8
  • TTM compounded profit growth of -100% signals a severe earnings collapse, which is the primary driver of the negative P/E of -17,200x
  • 3-year compounded profit CAGR of -8% shows earnings have been on a declining trend even before the latest TTM deterioration
  • Last-year ROE dropped sharply to 6% from a 3-year average of 11% and 5-year average of 13%, indicating deteriorating capital efficiency
  • Earnings quality is questionable as other income of ₹89.1 Cr forms a significant component of reported profits
  • Promoter holding has decreased by 7.48% over the last three years, which may raise governance or confidence concerns
  • Dividend payout has been low at just 8.02% of profits over the last three years, with a current yield of only 0.1%, offering minimal income to shareholders
  • Low interest coverage ratio suggests the company's operating profits may not comfortably service its debt obligations
  • 5-year compounded profit CAGR is 0%, meaning earnings have stagnated over a half-decade despite 16% sales CAGR, pointing to margin compression or one-off charges eroding profitability

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

21h ago
Headwinds 2
  • Q1FY27 net loss, volatile revenue Sep 18

    Tega reported a net loss in Q1FY27, and recent quarterly revenue has been volatile. This points to pressure on near-term earnings even as new orders come in.

  • Minor dilution from preferential issue Sep 11

    The ₹95.40 crore preferential issue at ₹1,994 per share works out to roughly 4.8 lakh new shares. That is a small but real dilution for existing shareholders.

Positives 3
  • ₹126 crore Kalpataru order win Sep 18

    Tega won a ₹126 crore engineering and supply work order from Kalpataru Projects International Limited. It strengthens the order book and gives revenue visibility after a weak Q1FY27.

  • Preferential issue funds debt cut Sep 11

    ₹75.40 crore of the ₹95.40 crore preferential proceeds (about 79%) will go to debt repayment within four months. This should lower interest costs and strengthen the balance sheet.

  • ₹2 final dividend declared Sep 24

    Shareholders at the 50th AGM approved a final dividend of ₹2 per share. Tega kept paying shareholders despite the loss-making quarter.

Neutral 3
  • 50th AGM, Chairman re-appointed Sep 24

    Tega held its 50th AGM, adopted the FY26 financials and re-appointed Chairman Madan Mohan Mohanka. This keeps leadership continuity.

  • 21 postal ballot resolutions passed Sep 22

    Shareholders approved 21 resolutions via postal ballot, including material related party transactions and director re-appointments. The related party transaction approvals are worth monitoring for governance.

  • AP Jupiter UBO disclosure clarified Sep 08

    At NSE's request, Tega amended its postal ballot notice to clarify the ultimate beneficial owner details of proposed allottee AP Jupiter Holdings II Ltd. This is a procedural step before the preferential allotment.

TL;DR: Tega is adding to its order book with the ₹126 crore Kalpataru contract and using most of its ₹95.40 crore preferential raise at ₹1,994 per share to pay down debt. The main risk is weak recent earnings, with a net loss in Q1FY27 and volatile quarterly revenue. Governance and capital actions went through smoothly, including 21 approved resolutions, the ₹2 dividend and the Chairman's re-appointment. The outlook depends on turning the order wins into a profitable recovery from Q2FY27, helped by lower interest costs once the debt is repaid.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
268
377
340
507
340
353
409
536
356
405
404
527
1,723
Expenses
229
296
284
368
276
319
318
386
300
336
358
467
1,668
Operating Profit
39
82
56
139
64
34
91
150
56
69
46
60
56
OPM %
15%
22%
16%
27%
19%
10%
22%
28%
16%
17%
11%
11%
3.2%
Other Income
9
4
7
6
13
15
12
7
17
18
15
37
18
Interest
8
9
8
7
7
7
6
7
6
6
6
5
117
Depreciation
14
14
14
22
23
27
26
26
23
23
24
25
74
PBT
27
63
42
115
48
16
72
124
43
59
32
67
-116
Tax %
20%
25%
15%
22%
23%
54%
24%
18%
18%
24%
38%
37%
-7%
Net Profit
21
47
36
89
37
7
54
102
35
45
20
43
-108
EPS in Rs
3.22
7.13
5.36
13.45
5.52
1.09
8.15
15.32
5.31
6.75
2.62
5.68
-14.41
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
622
534
497
549
634
685
806
952
1,214
1,493
1,639
1,692
3,059
Expenses
547
481
467
475
534
576
613
768
942
1,176
1,298
1,459
2,828
Operating Profit
75
53
31
74
100
109
193
184
271
317
341
233
231
OPM %
12%
10%
6%
13%
16%
16%
24%
19%
22%
21%
21%
14%
8%
Other Income
5
6
24
22
9
12
50
27
25
27
48
88
89
Interest
36
23
20
22
25
23
19
17
19
33
28
24
133
Depreciation
26
30
35
33
38
38
40
39
41
64
101
95
146
PBT
18
5
0
40
46
59
184
155
236
247
259
201
41
Tax %
183%
292%
2400%
30%
30%
-11%
26%
25%
22%
22%
23%
29%
—
Net Profit
-15
-10
-2
28
33
66
136
117
184
194
200
143
-1
EPS in Rs
-2.48
-1.74
-0.41
4.88
5.66
11.37
23.68
17.63
27.73
29.14
30.08
18.99
0.64
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
7%
7%
7%
11%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
58
58
58
58
58
58
58
66
66
67
67
75
Reserves
381
360
282
311
335
396
547
670
983
1,125
1,330
3,332
Borrowings
356
320
238
249
252
287
228
245
361
308
330
398
Other Liabilities
94
106
171
150
141
140
176
189
219
385
363
504
Total Liabilities
889
843
749
767
785
881
1,010
1,170
1,629
1,885
2,089
4,310
Fixed Assets
231
234
296
287
284
266
296
298
548
600
623
661
CWIP
17
8
8
5
4
9
7
10
12
11
48
111
Investments
83
71
73
60
77
158
201
199
217
279
262
227
Other Assets
558
530
373
415
420
448
505
663
852
995
1,157
3,311
Total Assets
889
843
749
767
785
881
1,010
1,170
1,629
1,885
2,089
4,310
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
—
—
60
44
69
128
170
14
179
252
195
350
Investing
—
—
-14
8
-14
-102
-80
-25
-235
-96
-129
-991
Financing
—
—
-44
-22
-93
-9
-79
3
63
-115
-38
1,690
Net Cash Flow
—
—
2
30
-38
18
11
-8
6
41
28
1,050
Free Cash Flow
—
—
60
44
43
102
122
-27
179
252
195
350
CFO/OP
—
—
212
71
83
136
104
31
83
93
75
195
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
107
127
118
113
116
97
100
106
121
109
112
97
Inventory Days
175
194
240
190
172
177
179
229
200
209
217
233
Days Payable
104
109
169
122
114
87
111
88
77
104
116
178
Cash Conversion Cycle
178
213
188
181
173
187
168
247
244
215
212
153
Working Capital Days
149
156
0
23
48
43
64
92
109
86
100
77
ROCE %
—
6%
3%
10%
12%
12%
26%
19%
21%
19%
18%
8%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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63 extracted metrics + investor summaries across FY15–FY27.

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Shareholding Pattern

FIIs2.80%Promot.67.50%Others4.56%Public6.46%DIIs18.68%As ofJun 2026

Documents

Frequently Asked Questions about Tega Industries

What does Tega Industries Ltd do?
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 m...
Where is Tega Industries Ltd (TEGA) listed?
Tega Industries Ltd trades as TEGA on the NSE and under code 543413 on the BSE.
Which sector does Tega Industries Ltd belong to?
Tega Industries Ltd is classified under the Capital Goods sector, in the Industrial Products industry.
What is the market capitalisation of Tega Industries Ltd?
Tega Industries Ltd has a market capitalisation of ₹15,865 Cr, which places it in the Mid Cap band.
What is the PE ratio of Tega Industries Ltd?
Tega Industries Ltd trades at a PE ratio of 3270.94, on earnings per share of ₹31.44, against a book value of ₹453.52 per share.
What is the 52-week high and low of Tega Industries Ltd?
Over the last 52 weeks Tega Industries Ltd has traded between ₹1,473 and ₹2,198.
Does Tega Industries Ltd pay dividends?
Tega Industries Ltd has a dividend yield of 0.09%.
What is the Return on Equity (ROE) of Tega Industries Ltd?
Tega Industries Ltd reported a return on equity of 4.19%. Its debt-to-equity ratio is 0.12.

Company Information

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]

Website tegaindustries.com
Listed 2021-12-13
Face Value ₹ 10
Issued Size 7,51,27,698

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