Thejo Engg.

NSE: THEJO · Industrial Products

52W Range₹1,444 ₹2,486

Snapshot

Unlock Thejo Engg.'s vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Thejo Engineering Limited specialises in the design, manufacture, and servicing of rubber and polyurethane-based engineering products for bulk material handling and mineral processing. The company provides comprehensive solutions for conveyor care, abrasion protection, and corrosion resistance across a diverse range of industrial sectors.

Business Model

The company operates through a model that integrates product manufacturing with on-site installation, operation, and maintenance services. Revenue is generated by providing end-to-end engineering solutions, including conveyor belt maintenance, wear protection, and project execution for heavy industries.

Growth Outlook

Growth is driven by increasing demand for material handling efficiency in the mining, power, and infrastructure sectors. The company continues to expand its international footprint and service capabilities to support complex industrial operations.

Key Risks

  • Cyclicality of End-User Industries. The company's performance is heavily dependent on the capital expenditure cycles of the mining, metal, and power sectors.
  • Raw Material Price Volatility. Fluctuations in the prices of rubber, polymers, and other raw materials can significantly impact manufacturing margins.
  • Operational Risks in Service Delivery. As a service-heavy business, the company faces risks related to labour management and safety standards during on-site project execution.
  • Geopolitical and Currency Risk. International operations expose the company to foreign exchange volatility and regulatory changes in overseas markets.

Price

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Key Metrics

REVENUE

₹632 Cr

TTM · consolidated

+14.4%YoY

NET PROFIT

₹49 Cr

TTM · consolidated

-6.6%YoY

EPS

₹45.41

TTM · consolidated

-1.4%YoY

RETURN ON EQUITY

15.7%

TTM · consolidated

-4.3 ppYoY

RETURN ON CAPITAL EMPLOYED

19.7%

TTM · consolidated

-3.2 ppYoY

P/E

41.9x

Q4 FY26 · consolidated

41.9 vs 42.2x5Y avg

EV/EBITDA

22.7x

Q4 FY26 · consolidated

22.7 vs 23.3x5Y avg

EBITDA MARGIN

14.2%

TTM · consolidated

-2.6 ppYoY

NET PROFIT MARGIN

9.2%

Q4 FY26 · consolidated

-1.6 ppYoY

DEBT TO EQUITY

0.0x

Q4 FY26 · consolidated

+0.00xYoY

Peers · Industrial Products

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Thejo Engg.THEJO
1,67241.9022.6714.4%14.2%15.7%19.7%-19.2%
DEE DevelopmentDEEDEV
1,82863.0426.5638.0%18.2%9.4%16.2%+130.2%
HPL ElectricHPL
1,81024.5510.316.5%15.8%9.7%21.6%-44.8%
Indian Hume PipeINDIANHUME
1,67915.1113.15-12.5%14.6%10.1%15.8%-9.0%
AimtronAIMTRON
1,62122.0%+72.2%
EPack PrefabTechEPACKPEB
1,45010.0%

As of Q4 FY26

Financials