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    Tega Industries Limited

    Global maker of wear-resistant mining consumables and mineral-processing equipment; acquired Molycop in 2026

    Capital Goods
    Industrials
    View TEGA earnings calls
    ₹1,622.2
    -4.00% from avg

    Overview

    Price

    ₹1,622.2

    Market Cap

    ₹11.3k Cr

    Sector

    Capital Goods

    Industrials

    Rank

    4

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital5858666667676775
    Reserves3965476709831.1k1.3k1.4k3.3k
    Borrowings287228245361308330305398
    Other Liabilities140176189219385363369509
    Total Liabilities8811.0k1.2k1.6k1.9k2.1k2.1k4.3k
    AssetsFixed Assets266296298548600623635665
    CWIP971012114855107
    Investments158201199217279262317227
    Other Assets4485056638529951.2k1.1k3.3k
    Total Assets8811.0k1.2k1.6k1.9k2.1k2.1k4.3k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating6912817014179252195350
    Cash from Investing-14-102-80-25-235-96-129-1.0k
    Cash from Financing-93-9-79363-115-381.7k
    SummaryCapital Expenditure
    Free Cash Flow43102122-27179252195214
    FCF Margin

    Valuation

    Assumptions

    Current — TEGA
    Price
    ₹1,622
    EPS (TTM)
    ₹16.86
    PE (TTM)
    96.2
    Profit growth
    -14.0%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (52.1×) and current (96.2×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹1,622
    vs
    Fair value · 15% return
    ₹158
    90%Overvalued

    At -14% growth and a 52× exit, ₹1622 only delivers your return if you pay ₹158. The price is currently baking in 31% growth.

    EPS grows -14%/yr for 5 years, then fades to 6% over 2, exits at 52×.

    YearGrowthEPS (₹)
    FY27-14.0%14.50
    FY28-14.0%12.47
    FY29-14.0%10.72
    FY30-14.0%9.22
    FY31-14.0%7.93
    FY32-4.0% ·fade7.61
    FY336.0% ·fade8.07

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse Tega Industries Limited

    Guides on how to read this kind of business and the numbers that matter.