THEJO

Thejo Engineering share price & financials

Price
₹1,817.7
Market cap
₹2.4k Cr
Sector
Capital Goods

What Thejo Engineering Limited does

Thejo Engineering designs, manufactures and services wear-and-corrosion-protection products, bulk-material-handling (conveyor) systems, mineral-processing equipment (mill liners, filtration) and special-purpose machines for mining, minerals, cement, power and other process industries. It earns revenue through an integrated products-plus-services model, selling engineered rubber, polyurethane and metal wear parts alongside long-term O&M and technical-service contracts (belt audits, splicing, plant maintenance) that keep client plants running. Manufacturing is anchored in Chennai with additional units and workshops overseas, supported by an in-house R&D centre developing proprietary linings, liners and equipment. It serves customers across mining, aggregates, cement, power, chemicals/fertilizers and OEM/EPC sectors in India and international markets reached through its own subsidiaries.

Segments

  • Manufacturing Units
  • Service Units
  • Others
Manufacturing facilities
6 units — 5 in Chennai, India (Units 1, 1A, 3, 4 and 5) plus overseas manufacturing units in Saudi Arabia and Australia
Global footprint
Operations spanning 6 countries — India, Saudi Arabia, Australia, UAE, Chile and Brazil
Employees
2,300+ (technical & O&M workforce)
Customers
600+ across mining, minerals and core-industry markets
Patents
25+ patents from in-house R&D-led innovation
R&D centre
DSIR-approved in-house R&D and Technical Excellence Centre in Chennai
Founded 1986Headquarters Chennai, Tamil Nadu, India Company website

Quarterly results

Q1 FY27: revenue up 30.9%, net profit up 50.0% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue133 136 153 136 153 +15%162 +19%181 +18%178 +31%
EBITDA17 24 28 16 21 +24%18 −25%24 −14%25 +56%
Net profit12 14 17 10 14 +17%8 −43%17 +0%15 +50%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +15.9% 1Y

₹1.4k₹1.6k₹1.8k₹2.0k₹2.2kSept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹1,891.9 on 10 Sept 2025 → ₹2,192.6. High ₹2,223.9 (7 Aug 2026), low ₹1,457.4 (30 Mar 2026).

Financials, as filed

Revenue grew 12.6% a year over 3 years, FY23 to FY26. Operating margin narrowed to 12.5%.

Year endingFY23FY24FY25FY26
Revenue₹442 Cr₹560 Cr₹553 Cr₹632 Cr
Operating profit₹59 Cr₹101 Cr₹87 Cr₹79 Cr
Operating margin13.4%18.0%15.7%12.5%
Interest₹4 Cr₹7 Cr₹4 Cr₹4 Cr
Depreciation₹11 Cr₹21 Cr₹19 Cr₹14 Cr
Net profit₹35 Cr₹60 Cr₹53 Cr₹49 Cr
Net margin7.9%10.7%9.6%7.8%
Cash from operations₹59 Cr₹52 Cr₹73 Cr₹39 Cr
Free cash flow₹9 Cr₹31 Cr₹32 Cr₹5 Cr
ROCE21.0%28.0%22.0%19.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹4 Cr₹11 Cr₹11 Cr₹11 Cr₹11 Cr₹11 Cr
Reserves₹125 Cr₹154 Cr₹186 Cr₹240 Cr₹312 Cr₹344 Cr
Borrowings₹18 Cr₹38 Cr₹45 Cr₹43 Cr₹39 Cr₹41 Cr
Other liabilities₹94 Cr₹98 Cr₹121 Cr₹119 Cr₹130 Cr₹153 Cr
Total liabilities₹240 Cr₹301 Cr₹362 Cr₹412 Cr₹492 Cr₹549 Cr
Fixed assets₹46 Cr₹66 Cr₹112 Cr₹108 Cr₹148 Cr₹152 Cr
Capital work in progress₹1 Cr₹1 Cr₹2 Cr₹2 Cr₹3 Cr₹13 Cr
Investments₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Other assets₹193 Cr₹234 Cr₹249 Cr₹301 Cr₹340 Cr₹384 Cr
Total assets₹240 Cr₹301 Cr₹362 Cr₹412 Cr₹492 Cr₹549 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, the public trimmed −0.36 pp while FIIs added +0.20 pp.

Promoters
53.6%
FIIs
0.8%
DIIs
3.4%
Public
42.2%

Since Jun 2025

  • Public −0.36 pp
  • FIIs +0.20 pp
  • DIIs +0.18 pp

How it drifted, 12 quarters

Over this window the public fell from 45.1% to 42.2% — −2.9 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 54.2%, DIIs 0.7%, Public 45.1%.Dec '23: Promoters 54.1%, DIIs 0.7%, Public 45.1%.Mar '24: Promoters 54.0%, FIIs 0.5%, DIIs 0.8%, Public 44.7%.Jun '24: Promoters 53.6%, FIIs 0.1%, DIIs 0.9%, Public 45.4%.Sep '24: Promoters 53.6%, FIIs 0.2%, DIIs 2.4%, Public 43.7%.Dec '24: Promoters 53.6%, FIIs 0.7%, DIIs 2.5%, Public 43.3%.Mar '25: Promoters 53.6%, FIIs 0.7%, DIIs 3.0%, Public 42.7%.Jun '25: Promoters 53.6%, FIIs 0.7%, DIIs 3.2%, Public 42.5%.Sep '25: Promoters 53.6%, FIIs 0.7%, DIIs 3.3%, Public 42.4%.Dec '25: Promoters 53.6%, FIIs 0.8%, DIIs 3.1%, Public 42.5%.Mar '26: Promoters 53.6%, FIIs 0.8%, DIIs 3.2%, Public 42.4%.Jun '26: Promoters 53.6%, FIIs 0.8%, DIIs 3.4%, Public 42.2%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 1 holder trimming and 1 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Thejo Engineering Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
tGIRISH GULATI HUF 7.59%newly disclosed
K J JOSEPHt 6.36%unchanged
Thomas John 6.00%unchanged
Celinamma John 6.00%unchanged
Rajesh John 6.00%unchanged
Rosamma Joseph - 2 5.01%newly disclosed
Manesh Joseph 4.59%unchanged
Manoj Joseph 4.59%unchanged
Maya Philip 4.26%unchanged
Meena Kavil 4.25%unchanged
Rithu Johnson 4.08%unchanged
Sunny P George 3.43%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

What the price assumes

Expensive

To justify its price of ₹2193, this stock must grow earnings at 29% every year for 7 years. Our analysis caps realistic growth at ~14%. At that growth it is worth ₹1032 — downside of 53%.

Growth the price implies
28.8% a year
for 7 years, fading to 4%
It has actually compounded at
12.1% a year
net profit, FY23–FY26 · EPS 14.0%
The gap
0.1 pp
-53% downside if it only repeats history
Price today ₹2,192.6 Value at the reference growth ₹1,031.72

Change the assumptions yourself →

Learn to analyse Thejo Engineering Limited

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