Teerth Gopicon Ltd.

•

₹ 15.55-4.89%

2026-08-21

teerthgopicon.comBSE: -NSE: TGL

Market Cap₹ 21 Cr.

Current Price₹ 21

High / Low₹ 113 / 15

Stock P/E0.0

Book Value₹ 63

Price to Book4.98

Dividend Yield0.00 %

ROCE31.5 %

ROE27.0 %

Face Value₹ 10

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ABOUT

KEY POINTS

PROS

Company has a good return on equity (ROE) track record: 3 Years ROE 45.0%
Company has a healthy return on capital (ROCE) of 41.0%
Operating margins have improved to 23.3% from 2.5%

CONS

Operating cash flow has been negative in recent years
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.75x)
Working capital days have increased from 37 to 189 days
Total debt has risen sharply - up 191.0% year on year
Equity base is being diluted - shares outstanding up 140.0%

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS

ConstructionInfrastructureEngineering - Construction

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	LT	4030.10	33.42	554487.79	0.94	4988.03	15.51	67941.74	6.69	15.98	12.00
2.	RVNL	223.10	51.71	46516.80	0.32	1595.20	1087.26	43212.30	1005.52	10.81	4.41
3.	KPIL	1377.05	20.69	23516.23	0.80	311.53	45.85	6407.97	3.84	18.95	8.77
4.	IRB	18.97	24.01	22911.97	0.69	3062.70	1412.58	21372.72	918.25	24.76	53.93
5.	CEMPRO	1263.50	36.08	21705.36	0.24	140.83	2.64	2720.92	7.02	33.53	10.09
6.	ENGINERSIN	236.95	16.98	13317.59	2.11	157.94	141.49	819.84	-5.80	25.84	20.61
7.	TECHNOE	997.70	26.92	11603.21	0.70	93.33	-31.44	630.34	19.84	16.54	15.79
8.	IRCON	122.60	22.02	11530.72	1.55	92.03	-43.92	1955.83	9.49	12.69	9.81
9.	KEC	423.05	20.34	11261.59	1.30	72.62	-41.72	5023.54	0.01	16.35	5.79
10.	AFCONS	277.95	70.65	10222.57	0.72	30.30	-77.95	2671.00	-20.75	12.88	9.42
11.	WAAREERTL	880.80	18.09	9193.72	0.00	118.98	37.72	924.25	53.23	81.92	18.77
12.	TGL	17.20	1.61	20.64	0.00	—	—	—	—	35.08	—

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

No standalone quarterly results found

We don't have this information yet. Please check back later.

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	46	31	39	105	118
	45	30	36	87	91
Operating Profit	1	1	3	18	28
OPM %	2	2	8	17	24
Other Income	0	0	0	0	0
Interest	0	0	0	1	5
Depreciation	0	0	0	1	5
	1	0	2	16	18
Tax %	32	54	29	28	29
Net Profit	0	0	2	12	13
EPS	2	0	3	14	11
Dividend Payout %	0	0	0	0	0
Minority Interest	0	0	0	0	0
Share of Associates	0	0	0	0	0
Adjusted EPS	1	0	2	14	11
Minority Interest	0	0	0	0	0
Share of Associates	0	0	0	0	0
Adjusted EPS	1	0	2	14	11

Mar 2021

: 46
: 45
Operating Profit: 1
OPM %: 2
Other Income: 0
Interest: 0
Depreciation: 0
: 1
Tax %: 32
Net Profit: 0
EPS: 2
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1

Mar 2022

: 31
: 30
Operating Profit: 1
OPM %: 2
Other Income: 0
Interest: 0
Depreciation: 0
: 0
Tax %: 54
Net Profit: 0
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0

Mar 2023

: 39
: 36
Operating Profit: 3
OPM %: 8
Other Income: 0
Interest: 0
Depreciation: 0
: 2
Tax %: 29
Net Profit: 2
EPS: 3
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2

Mar 2024

: 105
: 87
Operating Profit: 18
OPM %: 17
Other Income: 0
Interest: 1
Depreciation: 1
: 16
Tax %: 28
Net Profit: 12
EPS: 14
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 14
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 14

Mar 2025

: 118
: 91
Operating Profit: 28
OPM %: 24
Other Income: 0
Interest: 5
Depreciation: 5
: 18
Tax %: 29
Net Profit: 13
EPS: 11
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 11
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 11

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: 56%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: 338%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: -96%

RETURN ON EQUITY

10 Years:: —
5 Years:: 29%
3 Years:: 45%
Last Year:: 27%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
LIABILITIES	-	-	-	-	-
Equity Capital	5	5	5	8	12
	1	1	3	11	64
	0	0	1	4	21
Trade Payables	15	22	12	17	7
	10	14	26	96	68
Total Liabilities	31	43	47	136	172
ASSETS	-	-	-	-	-
	1	1	2	13	24
	1	2	2	3	3
	7	8	9	59	63
	0	0	0	33	27
Cash & Bank	3	2	5	1	2
	18	30	29	27	53
Total Assets	31	43	47	136	172
Total Debt	9	14	4	13	39
Net Working Capital	13	17	8	11	61
Contingent Liabilities	0	0	1	1	2
Book Value per Share	11.88	12.19	16.40	24.10	63.31
Face Value	10.00	10.00	10.00	10.00	10.00
Total Debt	9	14	4	13	39
Net Working Capital	13	17	8	11	61
Contingent Liabilities	0	0	1	1	2
Book Value per Share	11.88	12.19	16.40	24.10	63.31
Face Value	10.00	10.00	10.00	10.00	10.00

Mar 2021

Equity Capital: 5
: 1
: 0
Trade Payables: 15
: 10
Total Liabilities: 31
: 1
: 1
: 7
: 0
Cash & Bank: 3
: 18
Total Assets: 31
Total Debt: 9
Net Working Capital: 13
Contingent Liabilities: 0
Book Value per Share: 11.88
Face Value: 10.00
Total Debt: 9
Net Working Capital: 13
Contingent Liabilities: 0
Book Value per Share: 11.88
Face Value: 10.00

Mar 2022

Equity Capital: 5
: 1
: 0
Trade Payables: 22
: 14
Total Liabilities: 43
: 1
: 2
: 8
: 0
Cash & Bank: 2
: 30
Total Assets: 43
Total Debt: 14
Net Working Capital: 17
Contingent Liabilities: 0
Book Value per Share: 12.19
Face Value: 10.00
Total Debt: 14
Net Working Capital: 17
Contingent Liabilities: 0
Book Value per Share: 12.19
Face Value: 10.00

Mar 2023

Equity Capital: 5
: 3
: 1
Trade Payables: 12
: 26
Total Liabilities: 47
: 2
: 2
: 9
: 0
Cash & Bank: 5
: 29
Total Assets: 47
Total Debt: 4
Net Working Capital: 8
Contingent Liabilities: 1
Book Value per Share: 16.40
Face Value: 10.00
Total Debt: 4
Net Working Capital: 8
Contingent Liabilities: 1
Book Value per Share: 16.40
Face Value: 10.00

Mar 2024

Equity Capital: 8
: 11
: 4
Trade Payables: 17
: 96
Total Liabilities: 136
: 13
: 3
: 59
: 33
Cash & Bank: 1
: 27
Total Assets: 136
Total Debt: 13
Net Working Capital: 11
Contingent Liabilities: 1
Book Value per Share: 24.10
Face Value: 10.00
Total Debt: 13
Net Working Capital: 11
Contingent Liabilities: 1
Book Value per Share: 24.10
Face Value: 10.00

Mar 2025

Equity Capital: 12
: 64
: 21
Trade Payables: 7
: 68
Total Liabilities: 172
: 24
: 3
: 63
: 27
Cash & Bank: 2
: 53
Total Assets: 172
Total Debt: 39
Net Working Capital: 61
Contingent Liabilities: 2
Book Value per Share: 63.31
Face Value: 10.00
Total Debt: 39
Net Working Capital: 61
Contingent Liabilities: 2
Book Value per Share: 63.31
Face Value: 10.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	0	-4	15	4	-39
Cash from Investing	-2	-1	-1	-14	-15
Cash from Financing	4	4	-12	6	56
	2	-0	3	-4	1
Free Cash Flow	0	-4	14	-8	-54
OCF / Net Profit	0.90	-26.53	9.06	0.35	-3.04
Cumulative 5-Year FCF	0	0	0	0	0
OCF / Net Profit	0.90	-26.53	9.06	0.35	-3.04
Cumulative 5-Year FCF	0	0	0	0	0

Mar 2021

: 0
Cash from Investing: -2
Cash from Financing: 4
: 2
Free Cash Flow: 0
OCF / Net Profit: 0.90
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.90
Cumulative 5-Year FCF: 0

Mar 2022

: -4
Cash from Investing: -1
Cash from Financing: 4
: -0
Free Cash Flow: -4
OCF / Net Profit: -26.53
Cumulative 5-Year FCF: 0
OCF / Net Profit: -26.53
Cumulative 5-Year FCF: 0

Mar 2023

: 15
Cash from Investing: -1
Cash from Financing: -12
: 3
Free Cash Flow: 14
OCF / Net Profit: 9.06
Cumulative 5-Year FCF: 0
OCF / Net Profit: 9.06
Cumulative 5-Year FCF: 0

Mar 2024

: 4
Cash from Investing: -14
Cash from Financing: 6
: -4
Free Cash Flow: -8
OCF / Net Profit: 0.35
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.35
Cumulative 5-Year FCF: 0

Mar 2025

: -39
Cash from Investing: -15
Cash from Financing: 56
: 1
Free Cash Flow: -54
OCF / Net Profit: -3.04
Cumulative 5-Year FCF: 0
OCF / Net Profit: -3.04
Cumulative 5-Year FCF: 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE	-	-	-	-	-
EPS (₹)	0.93	0.31	3.40	14.45	10.70
Book Value (₹)	11.88	12.19	16.40	24.10	63.31
Dividend per Share (₹)	0.00	0.00	0.00	0.00	0.00
Cash EPS (₹)	1.10	0.72	2.69	16.04	14.46
PROFITABILITY	-	-	-	-	-
Operating Margin %	2.38%	2.50%	7.86%	17.26%	23.28%
Net Margin %	1.01%	0.49%	4.35%	11.02%	10.86%
ROE %	7.82%	2.54%	23.78%	84.13%	26.96%
ROCE %	4.48%	2.02%	16.26%	75.33%	31.54%
	1.49%	0.41%	3.78%	12.60%	8.32%
EFFICIENCY	-	-	-	-	-
Debtor Days	99	192	184	91	94
Inventory Days	58	87	79	119	188
Payable Days	153	273	200	69	51
	4	6	63	141	230
FINANCIAL HEALTH	-	-	-	-	-
Debt to Equity (x)	1.57x	2.24x	0.52x	0.70x	0.51x
Interest Coverage (x)	190.22x	13.69x	11.39x	17.55x	4.36x
	1.79x	1.73x	1.24x	1.10x	1.73x
GROWTH	-	-	-	-	-
Revenue Growth %	0.00%	-32.53%	25.38%	168.47%	12.72%
Operating Profit Growth %	0.00%	-29.14%	294.60%	495.77%	52.10%
Net Profit Growth %	0.00%	-67.13%	1013.29%	580.00%	11.07%
	0.00%	0.00%	0.00%	325.00%	-25.95%
VALUATION	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x	29.49x
P/B (x)	0.00x	0.00x	0.00x	0.00x	4.98x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	0.00x	1.11x	14.93x

Mar 2021

EPS (₹): 0.93
Book Value (₹): 11.88
Dividend per Share (₹): 0.00
Cash EPS (₹): 1.10
Operating Margin %: 2.38%
Net Margin %: 1.01%
ROE %: 7.82%
ROCE %: 4.48%
: 1.49%
Debtor Days: 99
Inventory Days: 58
Payable Days: 153
: 4
Debt to Equity (x): 1.57x
Interest Coverage (x): 190.22x
: 1.79x
Revenue Growth %: 0.00%
Operating Profit Growth %: 0.00%
Net Profit Growth %: 0.00%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): 0.31
Book Value (₹): 12.19
Dividend per Share (₹): 0.00
Cash EPS (₹): 0.72
Operating Margin %: 2.50%
Net Margin %: 0.49%
ROE %: 2.54%
ROCE %: 2.02%
: 0.41%
Debtor Days: 192
Inventory Days: 87
Payable Days: 273
: 6
Debt to Equity (x): 2.24x
Interest Coverage (x): 13.69x
: 1.73x
Revenue Growth %: -32.53%
Operating Profit Growth %: -29.14%
Net Profit Growth %: -67.13%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 3.40
Book Value (₹): 16.40
Dividend per Share (₹): 0.00
Cash EPS (₹): 2.69
Operating Margin %: 7.86%
Net Margin %: 4.35%
ROE %: 23.78%
ROCE %: 16.26%
: 3.78%
Debtor Days: 184
Inventory Days: 79
Payable Days: 200
: 63
Debt to Equity (x): 0.52x
Interest Coverage (x): 11.39x
: 1.24x
Revenue Growth %: 25.38%
Operating Profit Growth %: 294.60%
Net Profit Growth %: 1013.29%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 14.45
Book Value (₹): 24.10
Dividend per Share (₹): 0.00
Cash EPS (₹): 16.04
Operating Margin %: 17.26%
Net Margin %: 11.02%
ROE %: 84.13%
ROCE %: 75.33%
: 12.60%
Debtor Days: 91
Inventory Days: 119
Payable Days: 69
: 141
Debt to Equity (x): 0.70x
Interest Coverage (x): 17.55x
: 1.10x
Revenue Growth %: 168.47%
Operating Profit Growth %: 495.77%
Net Profit Growth %: 580.00%
: 325.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 1.11x

Mar 2025

EPS (₹): 10.70
Book Value (₹): 63.31
Dividend per Share (₹): 0.00
Cash EPS (₹): 14.46
Operating Margin %: 23.28%
Net Margin %: 10.86%
ROE %: 26.96%
ROCE %: 31.54%
: 8.32%
Debtor Days: 94
Inventory Days: 188
Payable Days: 51
: 230
Debt to Equity (x): 0.51x
Interest Coverage (x): 4.36x
: 1.73x
Revenue Growth %: 12.72%
Operating Profit Growth %: 52.10%
Net Profit Growth %: 11.07%
: -25.95%
P/E (x): 29.49x
P/B (x): 4.98x
Dividend Yield %: 0.00%
: 14.93x

Shareholding Pattern

Numbers in percentages

TRADES

	Sep 2024	Mar 2025	Sep 2025	Mar 2026
	64.34	64.61	64.82	63.37
	0.23	0.02	0.00	0.00
DIIs	0.00	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00
	35.43	35.37	35.18	36.63

Sep 2024

: 64.34
: 0.23
DIIs: 0.00
Government: 0.00
: 35.43

Mar 2025

: 64.61
: 0.02
DIIs: 0.00
Government: 0.00
: 35.37

Sep 2025

: 64.82
: 0.00
DIIs: 0.00
Government: 0.00
: 35.18

Mar 2026

: 63.37
: 0.00
DIIs: 0.00
Government: 0.00
: 36.63

Documents

Announcements

Nothing filed yet.

Annual Reports

Annual Report FY2025
2025
Annual Report FY2024
2024

Credit Ratings

Nothing filed yet.

Concalls

Jun 2025
TranscriptPPTREC
Nov 2024
TranscriptPPTREC