Thejo Engineering Limited

NSE: THEJO · Industrial Products

52W Range₹1,444 ₹2,287

Snapshot

Unlock Thejo Engineering Limited'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.

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Key Metrics

REVENUE

₹674 Cr

TTM · consolidated

+20.9%YoY

NET PROFIT

₹54 Cr

TTM · consolidated

+3.5%YoY

EPS

₹51.62

TTM · consolidated

+12.6%YoY

RETURN ON EQUITY

16.7%

TTM · consolidated

-0.9 ppYoY

RETURN ON CAPITAL EMPLOYED

20.8%

TTM · consolidated

-0.3 ppYoY

P/E

41.2x

Q1 FY27 · consolidated

41.2 vs 46.3x5Y avg

EV/EBITDA

23.0x

Q1 FY27 · consolidated

23.0 vs 25.8x5Y avg

EBITDA MARGIN

14.7%

TTM · consolidated

-1.8 ppYoY

NET PROFIT MARGIN

8.6%

Q1 FY27 · consolidated

+1.4 ppYoY

DEBT TO EQUITY

0.0x

Q1 FY27 · consolidated

+0.00xYoY

Peers · Industrial Products

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Thejo Engineering LimitedTHEJO
₹2,305 Cr41.1723.0320.9%14.7%16.7%20.8%+13.2%
Kilburn Engineering LimitedKLBRENG-B
₹2,447 Cr23.0%-14.2%
EPack Prefab Technologies LimitedEPACKPEB
₹2,326 Cr23.2313.0311.4%12.9%19.4%
HLE Glascoat LimitedHLEGLAS
₹2,317 Cr66.7319.7726.3%9.6%8.2%11.5%-36.7%
Pennar IndustriePENIND
₹2,288 Cr16.097.799.2%11.4%13.2%22.9%-30.8%
Concord Control Systems LimitedCNCRD
₹2,280 Cr28.0%-3.4%

As of Q1 FY27

Financials