As of 6 Nov 2026, Thejo Engineering trades at 37.1× trailing earnings, above the industry P/E of 33.8×, and the shares are 16% below their 52-week high. It earns ROCE of 17% and ROE of 15%, and sales and net profit grew 10% and 15% a year over 3 years. Its dividend yield is 0.3%, and debt is 0.11× equity. It is a small-cap company with a market cap of ₹2,076 Cr, ranked 52nd of 138 Specialty Industrial Machinery companies by market cap; the shares rose 13% over the past year.
- ₹1,979.90
- ₹1,989.80
- ₹1,865.00
- ₹1,998.70
- 3.7K
Health check
- ReturnsIn line
+12.7% over a year, better than 4 of 7 peers.
- Price tagIn line
P/E 37.1 vs industry 33.8.
- GrowthSteady
Sales +10.0%, profit +15.0% a year over 3 years.
- ProfitabilityWeak
ROCE 16.9% vs peer median 24.8%.
- Balance sheetSolid
Debt 0.11× equity, interest covered 21.4×.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Defensive
Key metrics
- Market cap
- ₹2,076 Cr
- Small cap
- P/E
- 37.1
- Industry 33.8
- Price to book
- 5.86
- Peers 9.16
- Dividend yield
- 0.26%
- ROE
- 15.1%
- Peers 19.1%
- ROCE
- 16.9%
- Peers 24.8%
- Debt to equity
- 0.11
- Debt ₹41 Cr
- EPS (TTM)
- ₹51.62
- Face value ₹10
- OPM (TTM)
- 13.2%
- Net margin 8.3%
- Sales growth
- +31.0%
- Latest quarter vs a year ago
- Profit growth
- +71.5%
- Latest quarter vs a year ago
- Price to sales
- 3.08
- EV/EBITDA 25.2
Strengths and risks
Strengths
- Quarterly profit up 71.5% on a year ago.
- Quarterly sales up 31.0% on a year ago.
- Positive operating cash flow in each of the last 4 years.
About Thejo Engineering
Thejo Engineering Limited designs, develops, manufactures, and supplies rubber and polyurethane based engineering products for bulk material handling systems, mineral processing, and corrosion protection applications in India and internationally. It operates through three segments: Manufacturing Units, Service Units, and Others. The company provides conveyor care products, including belt conveyor splicing and repair solutions, pulley lagging sheets,…
- Headquarters
- Chennai
- Employees
- 1,761
- Sector
- Industrials
- ISIN
- INE121N01019
- Website
- thejo-engg.com
Price range
- Avg volume (3M)
- 7.7K
- 1-year return
- plus 12.7%
- From 52-week high
- minus 16.3%
Peers · Specialty Industrial Machinery
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| BHELBharat Heavy Electricals | 418.80 | plus 0.17% | 1,45,829 | 50.6 | 74.6 | 6.6% | 10.1% | 0.22 | 13.5% | plus 56.4% |
| ABBABB India | 6,774.00 | plus 2.20% | 1,43,547 | 92.3 | 68.2 | 28.5% | 13.8% | 0.02 | 15.4% | plus 26.4% |
| SIEMENSSiemens | 3,560.00 | plus 3.73% | 1,26,779 | 86.1 | 59.3 | 16.5% | 10.4% | 0.02 | 3.0% | plus 10.0% |
| CUMMINSINDCummins India | 4,048.80 | minus 0.25% | 1,12,233 | 49.8 | 41.7 | 35.0% | 19.1% | 0.00 | 16.1% | minus 6.0% |
| GVT&DGE Vernova T&D India | 4,018.00 | minus 3.06% | 1,02,879 | 71.3 | 56.6 | 58.5% | 26.5% | 0.01 | 31.1% | plus 31.7% |
| SUZLONSuzlon Energy | 38.80 | plus 0.54% | 53,337 | 23.7 | 17.3 | 24.8% | 16.7% | 0.07 | 41.4% | minus 35.7% |
| AIAENGAIA Engineering | 3,113.60 | minus 2.77% | 29,056 | 23.5 | 19.6 | 19.9% | 27.4% | 0.00 | −3.4% | minus 3.9% |
| THEJOThejo Engineering | 1,914.20 | minus 4.23% | 2,076 | 37.1 | – | – | 13.2% | 0.11 | – | plus 12.7% |
| Median of 7 peers | – | 0.17% | 1,12,233 | 50.6 | 56.6 | 24.8% | 16.7% | 0.02 | 15.4% | 10.0% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 136 | 153 | 162 | 181 | 178 | |
| 119 | 132 | 144 | 157 | 152 | |
| 16.4 | 21.1 | 18.5 | 24.2 | 25.3 | |
| 12.1% | 13.8% | 11.4% | 13.4% | 14.2% | |
| 2.3 | 2.2 | 1.7 | 3.4 | 2.5 | |
| 1.5 | 1.1 | 1.3 | 1.4 | 1.4 | |
| 3.9 | 2.2 | 4.4 | 4.5 | 5.5 | |
| – | – | −2.7 | – | – | |
| 13.3 | 20 | 11.7 | 21.7 | 20.9 | |
| 26.7% | 29.4% | 28.6% | 23.5% | 27.0% | |
| 9.4 | 15.1 | 8.9 | 15.8 | 16.2 | |
| 8.68 | 13.92 | 8.20 | 14.60 | 14.90 |
Profit & loss
- Sales CAGR 3Y
- +10.0%
- Profit CAGR 3Y
- +15.0%
- EPS CAGR 3Y
- +14.8%
- ROE
- 15.1%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 474 | 559 | 551 | 631 | |
| – | +17.9% | minus 1.5% | +14.6% | |
| 414 | 459 | 463 | 551 | |
| 59.8 | 100 | 87.8 | 80.1 | |
| 12.6% | 18.0% | 15.9% | 12.7% | |
| 1.4 | 0.4 | 3.6 | 7.9 | |
| 2.9 | 4.6 | 3.8 | 3.7 | |
| 12.2 | 20.4 | 19.4 | 15 | |
| −0.3 | 1 | −0.1 | −2.5 | |
| 45.8 | 76.6 | 68.2 | 66.7 | |
| 24.0% | 22.5% | 23.3% | 26.8% | |
| 32.4 | 55.6 | 49.9 | 49.3 | |
| – | +71.6% | minus 10.3% | minus 1.3% | |
| 30.00 | 51.43 | 46.04 | 45.40 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 10.7 | 10.8 | 10.8 | 10.8 | |
| 186 | 240 | 287 | 344 | |
| 45.3 | 42.5 | 30 | 40.8 | |
| 123 | 121 | 119 | 153 | |
| 364 | 414 | 446 | 549 | |
| 113 | 110 | 130 | 168 | |
| 1.8 | 2.5 | 28.2 | 16.4 | |
| 0.8 | 0.9 | 1.4 | 10.7 | |
| 48.6 | 66.4 | 75.9 | 63 | |
| 200 | 234 | 211 | 291 | |
| 364 | 414 | 446 | 549 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 58.6 | 51.8 | 72.7 | 38.9 | |
| −50.5 | −19.1 | −44.5 | −59.3 | |
| −8.1 | −15.1 | −22.5 | −10.4 | |
| 0.1 | 17.6 | 5.8 | −30.8 | |
| −49.4 | −22.5 | −40.9 | −34.8 | |
| 9.2 | 29.3 | 31.8 | 4.2 | |
| −2.9 | −2.1 | −3.3 | −5.4 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 0.6% (Yahoo estimate).
Major shareholders
Filings & events
News
No recent news coverage found.