Tega Industries

₹1539 10.3 | 0.7%

WEBSITE BSE:543413 NSE : TEGA 10 May, 16:01

Market Cap ₹10240 Cr.

Stock P/E 56.3

P/B 9.2

Current Price ₹1539

Book Value ₹ 168.1

Face Value 10

52W High ₹1795.7

Dividend Yield 0.13%

52W Low ₹ 652.1

Edit Ratio

Tega Industries Research see more...

Equity Research: Tega Industries Ltd

Overview Inc. Year: 1976Industry: Engineering - Industrial Equipments

Tega Industries Ltd designs, manufactures, distributes, and installs technique system and add-ons for the mineral processing, mining, material handling, and surroundings industries. It offers a range of grinding mill liners, including DynaPrime, DynaSteel, DynaPulp, and DynaWear; trommels to address excessive tonnage of ore processed and separate the outsized particles; Rapido, a screening device used for separation of particles; and screening solutions incorporate screening decks, along with bolt down panels, cross tension panels, flip flo panels, panel cords, dewatering panels, polysnap panels, anti-clogging panels, and button kind panels. The organization also affords hydrocyclones for extracting or keeping apart slurry debris; conveyor products, such as spill-ex skirt sealing systems, ceramic pulley laggings, and Centrax that manual the conveyor belt system; pumps; and chutes and flotation parts. In addition, it offers plant audit consultancy offerings for grinding and classification enhancements; and maintenance and operations solutions, in addition to materials spare components. The agency serves in India, Africa, South East Asia, Australia, South America, North America, Europe, the Middle East, and Russia. It also exports its products. The business enterprise was formerly referred to as Tega India Ltd and changed its name to Tega Industries Ltd in January 2002. Tega Industries Ltd incorporated in 1976 and is primarily based in Kolkata, India. Tega Industries Ltd operates as a subsidiary of Nihal Fiscal Services Pvt Ltd.

Tega Industries Share Price

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Peer Comparison

Tega Industries Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	231	258	290	244	276	297	396	268	377	340
Other Income	2	4	12	-3	7	11	7	8	3	7
Total Income	233	261	302	241	283	308	403	276	381	347
Total Expenditure	191	207	221	198	222	230	294	229	296	284
Operating Profit	41	55	81	43	61	78	109	47	85	63
Interest	3	2	8	5	5	5	3	8	9	8
Depreciation	10	9	9	9	10	10	12	14	14	14
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	29	43	65	29	46	62	94	26	62	41
Provision for Tax	7	11	17	7	12	15	18	5	16	6
Profit After Tax	22	33	48	22	34	47	76	20	46	35
Adjustments	1	1	1	1	1	1	1	1	1	1
Profit After Adjustments	23	34	49	23	35	48	77	21	47	36
Adjusted Earnings Per Share	3.9	5.1	7.4	3.5	5.3	7.3	11.6	3.2	7.1	5.4

Tega Industries Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	681	622	534	497	549	634	685	806	952	1214	1381
Other Income	6	5	25	22	20	9	11	51	24	22	25
Total Income	687	627	559	520	569	643	696	857	976	1236	1407
Total Expenditure	525	545	499	467	475	536	577	617	768	943	1103
Operating Profit	162	82	61	53	94	107	119	240	208	292	304
Interest	24	38	25	20	22	25	23	19	17	19	28
Depreciation	21	26	30	35	33	38	38	40	39	41	54
Exceptional Income / Expenses	0	0	0	1	1	0	0	0	0	0	0
Profit Before Tax	117	18	5	0	40	46	59	184	155	236	223
Provision for Tax	46	32	16	2	12	14	-6	47	38	52	45
Profit After Tax	71	-15	-10	-2	28	33	66	136	117	184	177
Adjustments	0	0	0	0	0	0	0	0	0	0	4
Profit After Adjustments	72	-14	-10	-2	28	33	66	136	117	184	181
Adjusted Earnings Per Share	12.2	-2.5	-1.7	-0.4	4.9	5.7	11.4	23.7	17.6	27.7	27.3

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	28%	21%	17%	0%
Operating Profit CAGR	40%	35%	25%	0%
PAT CAGR	57%	41%	46%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	130%	NA%	NA%	NA%
ROE Average	21%	21%	18%	11%
ROCE Average	22%	23%	19%	14%

Tega Industries Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	476	448	426	349	377	401	462	614	736	1049
Minority's Interest	1	1	1	0	0	0	0	0	0	0
Borrowings	163	168	135	85	91	60	95	86	61	142
Other Non-Current Liabilities	-0	5	7	-13	-9	24	14	16	15	35
Total Current Liabilities	245	268	274	315	298	297	285	277	343	392
Total Liabilities	886	890	843	736	757	781	857	993	1156	1618
Fixed Assets	192	232	390	271	260	280	263	292	294	545
Other Non-Current Assets	59	31	31	46	44	63	75	78	64	81
Total Current Assets	456	450	423	419	452	438	519	623	797	992
Total Assets	886	890	843	736	757	781	857	993	1156	1618

Tega Industries Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	25	43	37	25	28	58	19	37	48	39
Cash Flow from Operating Activities	65	49	78	61	44	69	128	170	14	179
Cash Flow from Investing Activities	-68	-64	-27	-14	8	-13	-101	-80	-26	-234
Cash Flow from Financing Activities	21	10	-60	-44	-21	-93	-9	-79	3	63
Net Cash Inflow / Outflow	18	-6	-9	2	31	-38	18	12	-9	8
Closing Cash & Cash Equivalent	43	37	29	28	59	19	37	48	39	46

Tega Industries Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	12.16	-2.48	-1.74	-0.4	4.87	5.67	11.37	23.68	17.63	27.73
CEPS(Rs)	16.1	2.07	3.49	5.66	10.68	12.23	18.03	30.66	23.47	33.94
DPS(Rs)	2	0	0	0	0	0	0	0	0	2
Book NAV/Share(Rs)	50.15	45.73	72.52	59.03	63.93	68.12	78.77	105.03	111.02	158.08
Core EBITDA Margin(%)	22.73	12.33	6.57	6.2	13.4	15.49	15.75	23.44	19.33	22.29
EBIT Margin(%)	20.5	8.85	5.6	3.97	11.3	11.27	11.97	25.13	18.1	21.03
Pre Tax Margin(%)	17.06	2.79	0.98	0.02	7.28	7.33	8.65	22.83	16.28	19.45
PAT Margin (%)	10.37	-2.31	-1.89	-0.46	5.11	5.15	9.56	16.93	12.28	15.16
Cash Profit Margin (%)	13.47	1.9	3.71	6.55	11.21	11.11	15.17	21.92	16.35	18.55
ROA(%)	8.05	-1.64	-1.18	-0.29	3.76	4.25	8	14.75	10.88	13.27
ROE(%)	24.71	-5.26	-3	-0.61	7.92	8.59	15.48	25.77	17.44	20.62
ROCE(%)	23.35	9.11	4.46	3	10.37	11.61	12.42	26.85	19.66	22.11
Receivable days	102.92	109.93	125.23	127.24	109.88	109.47	105.41	92	95.37	102.17
Inventory Days	59.41	63.2	68.3	76.69	74.03	66.58	67.6	65.99	78.76	81.44
Payable days	83.95	88.06	104.15	142.21	129.59	93.99	83.38	70.24	70.94	70.6
PER(x)	0	0	0	0	0	0	0	0	26.66	25.42
Price/Book(x)	0	0	0	0	0	0	0	0	4.23	4.46
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	0.28
EV/Net Sales(x)	0.48	0.59	0.66	0.53	0.45	0.41	0.4	0.26	3.46	4.07
EV/Core EBITDA(x)	2	4.48	5.79	4.97	2.64	2.41	2.31	0.86	15.81	16.9
Net Sales Growth(%)	0	-8.63	-14.2	-6.85	10.28	15.52	8.06	17.62	18.15	27.55
EBIT Growth(%)	0	-60.54	-45.54	-34.9	213.88	15.3	14.76	146.91	-14.89	48.15
PAT Growth(%)	0	-120.35	29.67	77.47	1319.43	16.43	100.5	108.24	-14.3	57.43
EPS Growth(%)	0	-120.38	29.65	77.08	1319.35	16.43	100.5	108.24	-25.54	57.28
Debt/Equity(x)	1.03	1.28	0.73	0.66	0.64	0.53	0.53	0.31	0.29	0.3
Current Ratio(x)	1.86	1.68	1.55	1.33	1.52	1.48	1.82	2.25	2.32	2.53
Quick Ratio(x)	1.4	1.29	1.19	0.97	1.15	1.07	1.36	1.68	1.59	1.79
Interest Cover(x)	5.96	1.46	1.21	1	2.82	2.86	3.6	10.89	9.94	13.31
Total Debt/Mcap(x)	0	0	0	0	0	0	0	0	0.07	0.07

Tega Industries Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	79.17	79.17	79.17	79.17	79.17	79.1	74.99	74.88	74.88	74.79
FII	2.73	2.17	2.39	2.48	2.46	2.42	2.5	1.83	1.48	1.47
DII	7.49	8.95	9.57	10.91	11.67	12.04	16.63	17.53	18.33	19.1
Public	10.62	9.71	8.87	7.43	6.71	6.44	5.88	5.76	5.31	4.64
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	5.25	5.25	5.25	5.25	5.25	5.25	4.98	4.98	4.98	4.98
FII	0.18	0.14	0.16	0.16	0.16	0.16	0.17	0.12	0.1	0.1
DII	0.5	0.59	0.63	0.72	0.77	0.8	1.1	1.16	1.22	1.27
Public	0.7	0.64	0.59	0.49	0.44	0.43	0.39	0.38	0.35	0.31
Others	0	0	0	0	0	0	0	0	0	0
Total	6.63	6.63	6.63	6.63	6.63	6.64	6.64	6.65	6.65	6.65

Pros

Company has delivered good profit growth of 45% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 21%
Debtor days have improved from 70.94 to 70.6days.
Company is almost debt free.

Cons

Stock is trading at 9.2 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Tega Industries News

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Tega Industries

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Tega Industries Research see more...

Overview Inc. Year: 1976Industry: Engineering - Industrial Equipments

Tega Industries Share Price

Alert Data

Quarterly Price

Peer Comparison

Tega Industries Quarterly Results

Tega Industries Profit & Loss

Growth Rates

Tega Industries Balance Sheet

Tega Industries Cash Flow

Tega Industries Ratios

Tega Industries Shareholding Pattern

Tega Industries News

IPO

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