Skip to content

    Thejo Engineering Limited

    Chennai-based engineering solutions provider for wear/corrosion protection, conveyor systems and mineral processing equipment for mining and core industries.

    Capital Goods
    Industrials
    ₹1,817.7
    +7.60% from avg

    Overview

    Price

    ₹1,817.7

    Market Cap

    ₹2.1k Cr

    Sector

    Capital Goods

    Industrials

    Rank

    3

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital34111111111111
    Reserves103123143169206255312306
    Borrowings1612232829203929
    Other Liabilities505461797679130104
    Total Liabilities172192237287323364492449
    AssetsFixed Assets23324885847914894
    CWIP011220312
    Investments212323233033035
    Other Assets128136165177206252340308
    Total Assets172192237287323364492449

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating1816281947404637
    Cash from Investing-5-2-7-7-45-24-18-48
    Cash from Financing-9-12-16-90-5-15-11
    SummaryCapital Expenditure
    Free Cash Flow141222123223512
    FCF Margin

    Valuation

    Assumptions

    Current — THEJO
    Price
    ₹1,818
    EPS (TTM)
    ₹45.67
    PE (TTM)
    39.8
    Profit growth
    14.7%

    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 (51.5×) and current (39.8×) 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
    ₹1,818
    vs
    Fair value · 15% return
    ₹1,595
    12%Overvalued

    At 14.7% growth and a 40× exit, ₹1818 only delivers your return if you pay ₹1,595. The price is currently baking in 17% growth.

    EPS grows 14.7%/yr for 5 years, then fades to 6% over 2, exits at 40×.

    YearGrowthEPS (₹)
    FY2714.7%52.38
    FY2814.7%60.08
    FY2914.7%68.92
    FY3014.7%79.05
    FY3114.7%90.67
    FY3210.3% ·fade100.05
    FY336.0% ·fade106.05

    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 Thejo Engineering Limited

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