Thejo Engineering Ltd - Stock Valuation and Financial Performance

BSE: 0 | NSE: THEJO | Engineering | Small Cap

BSE Share Price
Not Listed

DeciZen - make an informed investing decision on Thejo Engineering

Overall Rating
Bole Toh

1. Quality

2. Valuation

Undervalued

3. Price Trend

Thejo Engineering stock performance -

mw4me loader
P/E Ratio (SA):
53.91
Market Cap:
2,254.9 Cr.
52-wk low:
0
52-wk high:
0

Is Thejo Engineering Ltd an attractive stock to invest in?

1. Is Thejo Engineering Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Thejo Engineering Ltd is a good quality company.

2. Is Thejo Engineering Ltd undervalued or overvalued?

The key valuation ratios of Thejo Engineering Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Thejo Engineering Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Thejo Engineering Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Thejo Engineering:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Thejo Engineering Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 13.8%13.4%12.5%16.2%20.6%18.5%24.7%29%23.8%27%-
Value Creation
Index
0.00.0-0.10.20.50.30.81.10.70.9-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 169157150174190202214278333392399
Sales YoY Gr.--6.9%-4.7%16.2%9.2%6%6%29.9%19.9%17.7%-
Adj EPS 5.65.45.68.412.712.9202725.534.738.6
YoY Gr.--3.9%3.7%50.8%50.2%2.2%54.4%35.1%-5.4%35.9%-
BVPS (₹) 62.266.271.678.790.2101.3118142.8166.5200220
Adj Net
Profit
5.85.65.88.713.113.421.128.827.337.442
Cash Flow from Ops. 10.512.27.619.818.415.627.8194740.2-
Debt/CF from Ops. 3.53.25.41.31.310.20.10.20.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 9.8%15.5%22.4%17.7%
Adj EPS 22.5%22.4%20.2%35.9%
BVPS13.9%17.3%19.2%20.1%
Share Price - 32.5% 29.8% -4.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
9.38.48.111.214.913.418.120.516.418.818.4
Op. Profit
Mgn %
10.410.911.311.713.812.816.116.814.117.718.5
Net Profit
Mgn %
3.43.53.856.96.79.910.48.29.510.5
Debt to
Equity
0.60.60.60.30.30.200000
Working Cap
Days
20723423720119019519717016014893
Cash Conv.
Cycle
101121144133122128132111938758

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 22.36%

Net Profit is growing at healthy rate in last 3 years 20.21%

Return on Equity has declined versus last 3 years average to 18.40%

Sales growth is not so good in last 4 quarters at 8.84%

Latest Financials - Thejo Engineering Ltd.

Standalone Consolidated
TTM EPS (₹) 38.6 47.3
TTM Sales (₹ Cr.) 399 555
BVPS (₹.) 220 249.6
Reserves (₹ Cr.) 228 260
P/BV 9.45 8.33
PE 53.91 43.93
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) - / -
Market Cap (₹ Cr.) 2,255
Equity (₹ Cr.) 10.8
Face Value (₹) 10
Industry PE 46.2

Management X-Ray of Thejo Engineering:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Thejo Engineering

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales169157150174190202214278333392
Operating Expenses 152140133154164176179231286322
Manufacturing Costs20232535354143597899
Material Costs47313740424143628387
Employee Cost 5356566269747790102111
Other Costs 32301517191916202426
Operating Profit 17171720262634474769
Operating Profit Margin (%) 10.1%10.9%11.1%11.7%13.8%12.8%16.1%16.8%14.0%17.7%
Other Income 1111113222
Interest 5665433244
Depreciation 54444567815
Exceptional Items 0000000000
Profit Before Tax 88813191929393751
Tax 3334657101013
Profit After Tax 5669141421292838
PAT Margin (%) 3.2%3.6%3.7%5.0%7.1%6.8%10.0%10.5%8.3%9.7%
Adjusted EPS (₹)5.35.45.58.513.213.220.327.425.835.4
Dividend Payout Ratio (%)22%22%21%16%13%13%10%7%8%8%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 6468748193105124152178215
Share Capital 3333334111111
Reserves 6165707890102121142167204
Minority Interest0000000000
Debt3537372222154156
Long Term Debt6854211156
Short Term Debt2929321820153000
Trade Payables15131217192023273933
Others Liabilities 35321927243139566366
Total Liabilities 149150142147157171190235286320

Fixed Assets

Gross Block4547505762653861105118
Accumulated Depreciation2326303438426122034
Net Fixed Assets22212023242332488584
CWIP 0011001122
Investments 16192020212123232330
Inventories14171717222528374044
Trade Receivables545256626073728488102
Cash Equivalents 8666111318212536
Others Assets35352318181617212221
Total Assets 149150142147157171190235286320

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 1012820181628194740
PBT 88813191929393751
Adjustment 999888981219
Changes in Working Capital -4-2-73-3-5-4-189-16
Tax Paid -3-3-3-4-5-6-6-11-11-14
Cash Flow From Investing Activity -11-11-30-5-2-8-8-45-23
Capex -4-3-3-7-4-4-6-7-44-18
Net Investments -7-9-10-20-30-2-6
Others 1117121011
Cash Flow From Financing Activity 0-3-4-19-9-12-16-90-5
Net Proceeds from Shares 0000001111
Net Proceeds from Borrowing 0000000061
Interest Paid -5-6-6-5-4-3-3-2-4-4
Dividend Paid 0000-2-2-2-2-2-2
Others 522-14-3-7-13-500
Net Cash Flow -1-2105233312
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)8.778.467.911.2515.5913.8718.6921.1416.719.34
ROCE (%)13.7513.4112.516.1920.5718.524.6929.0123.8226.97
Asset Turnover Ratio1.221.081.051.211.251.231.181.31.281.29
PAT to CFO Conversion(x)221.332.221.291.141.330.661.681.05
Working Capital Days
Receivable Days1071201281241181201241039589
Inventory Days28354035374346434239
Payable Days1031468390122144148130145150

Thejo Engineering Ltd Stock News

Thejo Engineering Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Thejo Engineering on 01-Jan-1970 05:30 is ₹0.00.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Jan-1970 05:30 the market cap of Thejo Engineering stood at ₹2,254.9.
The latest P/E ratio of Thejo Engineering as of 01-Jan-1970 05:30 is 53.91.
The latest P/B ratio of Thejo Engineering as of 01-Jan-1970 05:30 is 9.45.
The 52-week high of Thejo Engineering is ₹0.00 and the 52-week low is ₹0.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Thejo Engineering is ₹398.7 ( Cr.) .

About Thejo Engineering Ltd

Thejo Engineering is an Engineering Solutions provider for bulk material handling, mineral processing and corrosion protection to the core sector industries like mining, power, steel, cement, ports, fertilizers etc. Its services include belt conveyor maintenance and operations, while its product portfolio covers design, manufacture and supply of engineering products for bulk material handling, mineral processing and corrosion protection. The company has developed a strong brand and goodwill in the industry it operates.

Today, Thejo Engineering is one of the few companies in the sub continent offering manufacturing, marketing and servicing activities under one roof. Its services business caters to belt splicing, pulley lagging, belt conveyor maintenance, installation of belt conveyors, belt reconditioning, and rubber lining etc. On the other hand its products business caters to design, development, manufacture and supply of rubber and polyurethane engineering products for belt cleaning, spillage control, enhanced flow of material, impact & abrasion protection, screening, rubber & polyurethane linings. Since the last two years the company has initiated trading in certain manufactured products of international repute which supplements its current product line.

The company has four manufacturing units, all of which are located near Chennai. It has pan India presence through its 11 branch offices and 36 site offices located across 14 states. The company’s international presence through partnerships and distribution network extends across Australia, kingdom of Saudi Arabia, the USA, Germany, Chile, Brazil and Ghana.

Awards and achievements

2005: Received ISO 9001:2008 certification from Det Norske Veritas for manufacture and refurbishing of rubber and rubberized products to general engineering industries in relation to Unit I located at Jagannathapuram Road, Irulipattu Village, Alinjivakkam Post, Ponneri, Chennai - 600 086, India.

2011: Received “NSIC-CRISIL - SE1B” rating for small scale industries from NSIC and CRISIL indicating highest performance capability and moderate financial strength.

Milestones 

  • 1989-1990: Established first manufacturing unit at Gudur, Tamil Nadu, India
  • 2001: Set up manufacturing unit at Ponneri, Tamil Nadu
  • 2004: Set up another manufacturing unit at Ponneri, Tamil Nadu
  • 2007: Shifted the manufacturing unit at Gudur to Ponneri, Tamil Nadu
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