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Swing Capital

Thejo Engineering Ltd

NSE: THEJOMetal

Thejo Engineering Ltd., incorporated in 1986, 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 and fertilisers. [1]

₹1,690
52W: ₹1444 — ₹2486
PE 34.4 · Book ₹265 · +538% vs book
Market Cap₹1,834 Cr
Stock P/E34.4Price to Earnings
ROCE26.7%Return on Capital
ROE20.8%Return on Equity
Div. Yield0.28%Face Value ₹10

Strengths

  • +Company has delivered good profit growth of 29.6% CAGR over last 5 years

Shareholding Pattern

Promoters53.61%
FIIs0.84%
DIIs3.17%
Public42.37%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters53.64%53.63%▼0.053.62%▼0.053.62%53.62%53.62%53.61%▼0.053.61%
FIIs0.12%0.23%▲0.10.66%▲0.40.67%▲0.00.65%▼0.00.66%▲0.00.79%▲0.10.84%▲0.0
DIIs0.89%2.41%▲1.52.45%▲0.03.02%▲0.63.2%▲0.23.34%▲0.13.14%▼0.23.17%▲0.0
Public45.36%43.72%▼1.643.27%▼0.442.69%▼0.642.53%▼0.242.38%▼0.142.46%▲0.142.37%▼0.1

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales9997100100102112123111126133
Expenses81788581829010095103114
Operating Profit19191619202223152319
OPM %19%20%16%19%20%20%19%14%18%14%
Net Profit111271112131491711
EPS ₹10.1210.756.6510.4110.9111.9812.818.6915.899.94

AI Insights

Revenue Trend

TTM revenue at ₹493Cr, up 13.1% YoY. OPM at 16%.

Debt Position

Borrowings at ₹30Cr. Debt-to-equity ratio: 0.11x. Healthy balance sheet.

Capex Cycle

CWIP at ₹3Cr (3% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 3.17% (+2.72pp change). FIIs: 0.84% (+0.70pp change). Promoters hold 53.61%.

Margin & Efficiency

ROCE improving from 21% (Mar 2014) to 27% (Mar 2025). Working capital days: 91.

Valuation

PE 34.4x with 26.7% ROCE. Price is 538% above book value of ₹265. Dividend yield: 0.28%.

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