Tega Industries Ltd.
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ABOUT
AI Sector View
AI GENERATEDCapital Goods
Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.
PROS
- Company is almost debt free
- Company comfortably covers its interest (34.6x coverage)
- Company generates healthy free cash flow
CONS
- A large part of profit comes from other income (61.5% of PBT)
- Recent results are weak - TTM profit is down 25.1% versus prior year
- Promoter holding has decreased over last 2 years: -7.3pp
- Company has delivered a poor profit growth of -10.7% over past five years
- Operating margins have contracted to 14.2% from 25.0%
- Equity base is being diluted - shares outstanding up 13.2%
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| BHEL | 430.60 | 61.64 | 149937.65 | 0.33 | 376.71 | 182.70 | 7697.72 | 40.29 | 9.24 | 6.69 |
| INDOMIM | 1018.90 | 94.43 | 50382.66 | 0.58 | 2401.22 | — | 12187.42 | — | 24.48 | 33.36 |
| THERMAX | 3680.25 | 73.91 | 43852.50 | 0.54 | 21.79 | -85.61 | 2302.73 | 7.09 | 15.85 | 2.98 |
| HONAUT | 34514.05 | 55.37 | 30515.68 | 0.32 | 150.70 | 20.95 | 1204.40 | 1.80 | 17.04 | 14.32 |
| JYOTICNC | 987.95 | 69.84 | 22468.26 | 0.00 | 57.14 | -19.99 | 508.47 | 23.97 | 21.34 | 21.40 |
| INOXINDIA | 2245.75 | 80.12 | 20418.91 | 0.09 | 58.07 | -4.98 | 370.79 | 9.18 | 33.54 | 20.46 |
| AZAD | 2846.00 | 132.25 | 18379.96 | 0.00 | 35.16 | 19.46 | 172.60 | 25.90 | 12.04 | 37.29 |
| TRITURBINE | 569.10 | 53.80 | 18091.60 | 0.75 | 511.00 | 693.48 | 4427.00 | 1092.30 | 35.95 | 11.59 |
| TEGA | 1731.10 | 615.52 | 13005.36 | 0.12 | -108.25 | -406.36 | 1723.44 | 383.99 | 8.37 | 3.27 |
| LLOYDSENGG | 82.72 | 57.36 | 12830.19 | 0.30 | 68.23 | -77.28 | 527.15 | 142.92 | 17.99 | 15.04 |
| KRN | 1595.75 | 107.75 | 10445.54 | 0.00 | 32.90 | 164.84 | 252.32 | 118.87 | 16.06 | 19.44 |
| KENNAMET | 4681.40 | 87.86 | 10288.89 | 0.00 | 31.50 | 11.31 | 267.30 | 12.55 | 18.99 | 17.51 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 146 | 199 | 164 | 228 | 237 | 198 | 247 | 213 | 168 | 233 | 187 | 202 | 269 | |
| 113 | 156 | 131 | 172 | 170 | 163 | 189 | 167 | 132 | 171 | 161 | 157 | 219 | |
| Operating Profit | 33 | 43 | 33 | 57 | 67 | 35 | 58 | 47 | 35 | 62 | 26 | 45 | 50 |
| OPM % | 22.75% | 21.54% | 20.12% | 24.75% | 28.27% | 17.71% | 23.61% | 21.90% | 21.05% | 26.63% | 14.03% | 22.20% | 18.64% |
| 6 | 7 | 5 | 11 | 7 | 17 | 20 | 12 | 21 | 10 | 19 | 20 | 12 | |
| Interest | 3 | 3 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 14 |
| Depreciation | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 7 | 7 | 7 | 6 | 6 |
| Profit before Tax | 32 | 42 | 30 | 60 | 66 | 44 | 70 | 51 | 48 | 64 | 37 | 58 | 62 |
| Tax % | 23.52% | 21.01% | 23.21% | 23.36% | 23.09% | 29.35% | 19.85% | 24.75% | 19.42% | 24.96% | 23.73% | 29.19% | 26.43% |
| Net Profit | 24 | 33 | 23 | 46 | 51 | 31 | 56 | 38 | 38 | 48 | 28 | 41 | 45 |
| 3.68 | 4.98 | 3.51 | 6.86 | 7.64 | 4.65 | 8.43 | 5.72 | 5.77 | 7.22 | 4.04 | 5.44 | 6.05 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 303 | 383 | 444 | 447 | 497 | 592 | 715 | 737 | 895 | 789 | 890 | |
| 303 | 329 | 361 | 363 | 374 | 484 | 563 | 571 | 688 | 678 | 707 | |
| Operating Profit | 0 | 54 | 83 | 84 | 123 | 108 | 153 | 166 | 208 | 112 | 183 |
| OPM % | 0.11% | 14.20% | 18.64% | 18.87% | 24.67% | 18.26% | 21.33% | 22.50% | 23.19% | 14.17% | 20.57% |
| 11 | 12 | 19 | 34 | 220 | 45 | 26 | 29 | 56 | 127 | 61 | |
| Interest | 6 | 12 | 15 | 17 | 14 | 9 | 11 | 11 | 9 | 6 | 19 |
| Depreciation | 19 | 24 | 24 | 26 | 25 | 21 | 18 | 20 | 24 | 26 | 26 |
| Profit before Tax | -14 | 31 | 63 | 76 | 305 | 124 | 150 | 164 | 230 | 206 | 220 |
| Tax % | -19.44% | 30.90% | 19.38% | 15.01% | 10.18% | 22.49% | 23.92% | 22.76% | 23.66% | 24.64% | 26.27% |
| Net Profit | -16 | 21 | 51 | 64 | 274 | 96 | 114 | 127 | 176 | 155 | 162 |
| EPS | -0.40 | 3.19 | 7.64 | 9.69 | 41.08 | 14.40 | 17.08 | 19.01 | 26.44 | 20.69 | — |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 11.66% | 10.52% | 7.56% | 9.67% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 14%
- 5 Years:
- 10%
- 3 Years:
- 3%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 28%
- 5 Years:
- -11%
- 3 Years:
- 11%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 21%
- 1 Year:
- -15%
RETURN ON EQUITY
- 10 Years:
- 12%
- 5 Years:
- 11%
- 3 Years:
- 11%
- Last Year:
- 7%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 58 | 58 | 58 | 58 | 58 | 66 | 66 | 67 | 67 | 75 | |
| 345 | 367 | 417 | 481 | 755 | 851 | 965 | 1,079 | 1,241 | 3,155 | |
| 113 | 159 | 138 | 229 | 164 | 174 | 161 | 104 | 93 | 61 | |
| Trade Payables | 63 | 58 | 72 | 51 | 76 | 68 | 61 | 82 | 67 | 100 |
| 62 | 239 | 262 | 256 | 290 | 325 | 353 | 395 | 401 | 456 | |
| Total Liabilities | 641 | 880 | 946 | 1,075 | 1,342 | 1,484 | 1,606 | 1,727 | 1,870 | 3,847 |
| 154 | 142 | 125 | 131 | 142 | 140 | 156 | 171 | 183 | 172 | |
| Capital Work in Progress | 5 | 2 | 2 | 6 | 5 | 5 | 8 | 7 | 4 | 4 |
| 198 | 186 | 243 | 397 | 626 | 641 | 721 | 764 | 741 | 2,632 | |
| 83 | 72 | 78 | 88 | 108 | 168 | 148 | 208 | 211 | 212 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 234 | 335 | 291 | |
| Cash & Bank | 12 | 38 | 1 | 6 | 1 | 4 | 5 | 4 | 5 | 5 |
| 189 | 441 | 497 | 446 | 459 | 526 | 567 | 339 | 391 | 533 | |
| Total Assets | 641 | 880 | 946 | 1,075 | 1,342 | 1,484 | 1,606 | 1,727 | 1,870 | 3,847 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 37 | 20 | 66 | 127 | 159 | 38 | 176 | 105 | 17 | 225 | |
| Cash from Investing | -38 | -1 | -55 | -152 | -67 | -6 | -119 | -54 | 22 | -1,874 |
| Cash from Financing | 8 | 15 | -34 | 45 | -70 | 1 | -24 | -51 | -38 | 1,649 |
| 2 | 28 | -36 | 5 | -5 | 2 | 1 | -0 | 1 | -1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-11 - Tega Industries Limited has informed the Exchange about General Updates
2026-09-08 - Tega Industries Limited has informed the Exchange about General Updates
2026-09-08 - Tega Industries Limited has informed the Exchange about General Updates
2026-09-08 - Significant increase in volume has been observed in Tega Industries Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Tega Industries Limited has submitted their response.
2026-09-07 - Significant increase in volume has been observed in Tega Industries Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written to the company. The response from the company is awaited.
2026-09-02 - Tega Industries Limited has informed the Exchange about Copy of Newspaper Publication
2026-09-02 - Tega Industries Limited has informed the Exchange about General Updates
2026-09-01 - Tega Industries Limited has informed the Exchange about Record date.
2026-09-01 - Tega Industries Limited has informed the Exchange about date of payment of dividend.
News
Recent coverage and analyst commentary for TEGA
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Tega Industries Ltd.
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