Telge Projects (BSE: TELGE) had a P/E of 23.0× on 6 Nov 2026, above the industry P/E of 16.4×, and the shares are 30% below their 52-week high. Sales and net profit grew 75% and 88% a year over 3 years, with ROCE of 17% and ROE of 22%. Debt is 0.17× equity. It is listed on an SME platform with a market cap of ₹196 Cr, ranked 100th of 156 Engineering & Construction companies by market cap; the shares rose 75% over the past year.
- ₹200.00
- ₹200.00
- ₹200.00
- ₹200.00
- 1.2K
Health check
- ReturnsAhead
+75.4% over a year, better than 7 of 7 peers.
- Price tagPricier
P/E 23.0 vs industry 16.4.
- GrowthStrong
Sales +75.5%, profit +87.6% a year over 3 years.
- ProfitabilityAverage
ROCE 17.4% vs peer median 19.9%.
- Balance sheetSolid
Debt 0.17× equity, interest covered 15.8×, Piotroski 6 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹196 Cr
- Small cap
- P/E
- 23.0
- Industry 16.4
- Price to book
- 4.42
- Peers 4.92
- Dividend yield
- 0.00%
- ROE
- 22.3%
- Peers 17.9%
- ROCE
- 17.4%
- Peers 19.9%
- Debt to equity
- 0.17
- Debt ₹7.76 Cr
- EPS (TTM)
- ₹8.68
- OPM (TTM)
- 23.3%
- Net margin 15.6%
- Sales growth
- +100.8%
- Latest quarter vs a year ago
- Profit growth
- +139.1%
- Latest quarter vs a year ago
- Price to sales
- 4.02
- EV/EBITDA 15.8
Strengths and risks
Strengths
- Return on equity of 22.3%.
- Quarterly profit up 139.1% on a year ago.
- Quarterly sales up 100.8% on a year ago.
- Positive operating cash flow in each of the last 4 years.
About Telge Projects
Telge Projects Limited engages in the provision of engineering design services in India. The company offers building information modeling (BIM) services for digital representation of a building project, including structural steel, miscellaneous steel, cold form structures, precast concrete, prestressed concrete, and cast in place concrete; structural engineering design services from developing structural drawings to creating detailed 3D models for…
- Headquarters
- Pune
- Employees
- 221
- Sector
- Industrials
- ISIN
- INE0SRP01014
- Website
- telgeprojects.com
Price range
- Avg volume (3M)
- 15K
- 1-year return
- plus 75.4%
- From 52-week high
- minus 29.6%
Peers · Engineering & Construction
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| LTLarsen & Toubro | 4,117.70 | plus 1.67% | 5,66,549 | 31.7 | 19.6 | 14.6% | 9.6% | 1.05 | 16.1% | plus 3.2% |
| RVNLRail Vikas Nigam | 193.34 | minus 0.18% | 40,312 | 44.9 | 56.9 | 11.0% | 4.3% | 0.49 | 0.2% | minus 40.5% |
| CEMPROCemindia Projects | 1,323.30 | plus 2.79% | 24,405 | 36.4 | 24.2 | 37.1% | 10.4% | 0.35 | 25.5% | plus 49.2% |
| KPILKalpataru Projects International | 1,370.80 | minus 0.04% | 23,410 | 19.7 | 10.1 | 19.9% | 8.3% | 0.46 | 18.4% | plus 4.3% |
| NBCCNBCC (India) | 78.00 | minus 2.90% | 21,060 | 26.5 | 19.8 | 34.3% | 6.1% | 0.00 | 12.9% | minus 29.5% |
| ENGINERSINEngineers India | 292.70 | minus 1.94% | 16,451 | 18.3 | 21.5 | 28.1% | 21.2% | 0.00 | 5.7% | plus 51.1% |
| WABAGVA Tech Wabag | 1,988.20 | plus 6.57% | 12,434 | 29.4 | 20.8 | 16.3% | 10.9% | 0.09 | 9.9% | plus 33.2% |
| TELGETelge Projects | 200.00 | 0.00% | 196 | 23.0 | 20.1 | 17.4% | 23.3% | 0.17 | 75.5% | plus 75.4% |
| Median of 7 peers | – | −0.04% | 23,410 | 29.4 | 20.8 | 19.9% | 9.6% | 0.35 | 12.9% | 4.3% |
Quarterly results
| ₹ Cr | Mar 25 | Jun 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 12.7 | 8.5 | 9.1 | 14.4 | 17.1 | |
| – | – | – | +13.7% | +100.8% | |
| 6.6 | 7.2 | 8 | 9.5 | 12.9 | |
| 6 | 1.3 | 1.1 | 4.9 | 4.2 | |
| 47.6% | 14.8% | 12.1% | 34.0% | 24.5% | |
| 0.5 | 0.6 | 0.4 | 0.1 | 0.3 | |
| 0.7 | 0.1 | 0.3 | 0.3 | 0 | |
| 0.2 | 0.2 | 0.2 | 0.3 | 0.5 | |
| 5.5 | 1.5 | 1.1 | 4.5 | 3.9 | |
| 23.1% | 21.0% | 23.3% | 21.4% | 23.3% | |
| 4.1 | 1.2 | 0.8 | 3.3 | 2.8 | |
| – | – | – | minus 19.3% | +139.1% | |
| 4.17 | 1.21 | 0.84 | 3.36 | 2.89 |
Profit & loss
- Sales CAGR 3Y
- +75.5%
- Profit CAGR 3Y
- +87.6%
- EPS CAGR 3Y
- +96.7%
- ROE
- 22.3%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 7.4 | 12.4 | 25.6 | 40.2 | |
| – | +66.8% | +106.4% | +57.0% | |
| 5.9 | 8.5 | 17 | 31.1 | |
| 1.5 | 3.9 | 8.6 | 9.1 | |
| 20.5% | 31.4% | 33.7% | 22.7% | |
| −0.1 | 0 | −0.6 | 0.1 | |
| 0.1 | 0.1 | 0.6 | 0.5 | |
| 0.2 | 0.2 | 0.4 | 0.8 | |
| 0.1 | – | 0 | 0.1 | |
| 1.2 | 3.6 | 7 | 8 | |
| 27.7% | 26.3% | 22.9% | 21.3% | |
| 0.9 | 2.6 | 5.2 | 5.9 | |
| – | +189.1% | +100.7% | +13.8% | |
| 0.92 | 2.66 | 5.33 | 7.00 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1 | 1 | 1 | 9.8 | |
| 1.1 | 3.7 | 10.5 | 32.1 | |
| 2.5 | 2.8 | 9.4 | 9.5 | |
| 1.3 | 3 | 4.6 | 9.4 | |
| 5.9 | 10.4 | 25.5 | 60.7 | |
| 1.5 | 1.6 | 8.4 | 10.5 | |
| – | – | – | 1.3 | |
| 0.5 | 0.5 | 1.5 | 22.5 | |
| 3.9 | 8.3 | 15.6 | 26.4 | |
| 5.9 | 10.4 | 25.5 | 60.7 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 0.6 | 3.1 | 3.2 | 0.8 | |
| −0.1 | −3.4 | −9.3 | −3 | |
| −0.3 | 0.3 | 7.2 | 23.1 | |
| 0.2 | −0 | 1 | 21 | |
| −0.1 | −3.4 | −9.3 | −3.4 | |
| 0.5 | −0.3 | −6.1 | −2.6 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
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