Thejo Engineering Limited

About

Thejo Engineering Limited designs, develops, manufactures, and supplies rubber and polyurethane based engineering products for bulk material handling systems, mineral processing, and corrosion protection applications in India and internationally. It operates through three segments: Manufacturing Units, Service Units, and Others. The company provides conveyor care products, including belt conveyor splicing and repair solutions, pulley lagging sheets, vulcanizing equipment, and belt coiler and de coiler products, as well as school tool kits, such as hand and power tools, and personal protective equipment; and transfer point solutions comprising belt cleaners and trackers, impact cushion pads, skirt sealing systems, and engineered chutes. It also offers high pressure fogging systems for dust suppression; flow promotion products; and abrasion and wear protection products, including mill lining, bulk flow chutes, wear resistant panels and sheeting, and twister cyclone and pump spares, as well as rubber hoses, lined pipes, and fittings; and other services. In addition, the company provides corrosion protection products comprising rubber sheeting, hoses, lined pipes, and fittings; and primers adhesive and repair putty products, expansion joints and bellows, fabrication and linings, and PTFE linings and bellows. Further, it offers scalping and sizing, de-watering, flip flow, and trommel screening solutions, as well as grator spares; rubber, engineered plastic, and metallic spares; and specialty products. Additionally, the company provides conveyor belt, project execution, transfer point, abrasion and wear, filtration, screening, and corrosion protection services. It serves steel, mining, mineral processing, aggregates, sand and gravel, power, metal, chemical and fertilizer, cement, paper and pulp, and food and grain industries, as well as ports and terminals. The company was founded in 1974 and is based in Chennai, India.

Key Metrics

as of Sep 2026

Market Cap2,306 Cr

P/E39.80

Div Yield0.24 %

Book Value₹327.00

52w High₹2,287.00

52w Low₹1,444.00

Face Value₹10.00

Quarterly Results

Rs. Crores · hover row for definition

Metric	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023
Sales	178.00	181.00	162.00	153.00	136.00	153.00	136.00	133.00	131.00	141.00	150.00	134.00	135.00
Expenses	152.00	157.00	144.00	132.00	119.00	125.00	111.00	117.00	112.00	115.00	121.00	111.00	112.00
Operating Profit	25.00	24.00	18.00	21.00	16.00	28.00	24.00	17.00	18.00	26.00	29.00	23.00	23.00
OPM %	14.00	13.00	11.00	14.00	12.00	18.00	18.00	13.00	14.00	18.00	19.00	17.00	17.00
Other Income	2.00	3.00	-1.00	2.00	2.00	0.00	0.00	4.00	1.00	0.00	2.00	0.00	1.00
Depreciation	5.00	4.00	4.00	2.00	4.00	5.00	5.00	5.00	4.00	6.00	5.00	5.00	5.00
Interest	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	2.00	2.00	2.00
Profit before tax	21.00	22.00	12.00	20.00	13.00	22.00	18.00	15.00	13.00	18.00	24.00	17.00	17.00
Tax %	27.00	23.00	29.00	29.00	27.00	25.00	24.00	16.00	27.00	25.00	22.00	20.00	23.00
Net Profit	15.00	17.00	8.00	14.00	10.00	17.00	14.00	12.00	10.00	13.00	19.00	14.00	14.00
EPS in Rs	14.91	14.60	8.20	13.92	8.68	14.03	12.13	10.98	8.85	11.59	16.15	12.25	11.84

Profit & Loss

Annual · Rs. Crores

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Sales	632.00	552.00	559.00	474.00	424.00	327.00	303.00	229.00	220.00	178.00	175.00	186.00
Expenses	552.00	464.00	458.00	414.00	355.00	276.00	254.00	197.00	192.00	158.00	162.00	175.00
Operating Profit	80.00	88.00	100.00	60.00	69.00	50.00	49.00	31.00	27.00	20.00	13.00	11.00
OPM %	13.00	16.00	18.00	13.00	16.00	15.00	16.00	14.00	12.00	11.00	7.00	6.00
Other Income	7.00	5.00	3.00	3.00	1.00	3.00	0.00	1.00	1.00	0.00	0.00	1.00
Interest	5.00	5.00	6.00	5.00	3.00	4.00	5.00	5.00	6.00	6.00	6.00	6.00
Depreciation	15.00	19.00	20.00	12.00	11.00	9.00	6.00	6.00	5.00	5.00	6.00	6.00
Profit before tax	67.00	68.00	77.00	46.00	56.00	41.00	38.00	22.00	17.00	9.00	1.00	0.00
Tax %	27.00	23.00	23.00	24.00	24.00	27.00	21.00	31.00	23.00	34.00	149.00	1,240.00
Net Profit	49.00	52.00	59.00	35.00	43.00	29.00	30.00	15.00	13.00	6.00	-1.00	-2.00
EPS in Rs	45.41	46.00	51.69	30.30	35.31	25.19	24.17	12.97	10.73	5.59	0.20	-0.22
Dividend Payout %	11.00	11.00	6.00	7.00	6.00	8.00	7.00	13.00	12.00	21.00	572.00	-522.00

Balance Sheet

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Equity Capital	11.00	11.00	11.00	11.00	11.00	4.00	3.00	3.00	3.00	3.00	3.00	3.00
Reserves	344.00	287.00	240.00	186.00	154.00	125.00	98.00	74.00	62.00	52.00	46.00	48.00
Borrowings	41.00	30.00	43.00	45.00	38.00	18.00	36.00	31.00	34.00	41.00	39.00	37.00
Other Liabilities	153.00	119.00	119.00	121.00	98.00	94.00	79.00	60.00	54.00	41.00	54.00	60.00
Total Liabilities	549.00	446.00	412.00	362.00	301.00	240.00	216.00	169.00	153.00	138.00	143.00	148.00
Fixed Assets	152.00	103.00	108.00	112.00	66.00	46.00	32.00	34.00	32.00	29.00	30.00	31.00
CWIP	13.00	16.00	2.00	2.00	1.00	1.00	0.00	0.00	1.00	1.00	0.00	0.00
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	384.00	328.00	301.00	249.00	234.00	193.00	184.00	135.00	119.00	108.00	112.00	116.00
Total Assets	549.00	446.00	412.00	362.00	301.00	240.00	216.00	169.00	153.00	138.00	143.00	148.00

Cash Flows

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Cash from Operating Activity	39.00	73.00	52.00	59.00	27.00	52.00	19.00	20.00	24.00	12.00	4.00	1.00
Cash from Investing Activity	-59.00	-44.00	-19.00	-51.00	-15.00	-13.00	-5.00	-6.00	-8.00	-5.00	-4.00	-4.00
Cash from Financing Activity	-10.00	-22.00	-15.00	-8.00	0.00	-31.00	-2.00	-9.00	-15.00	-4.00	-4.00	4.00
Net Cash Flow	-31.00	6.00	17.00	0.00	13.00	8.00	13.00	5.00	1.00	3.00	-4.00	1.00
Free Cash Flow	5.00	32.00	31.00	9.00	13.00	39.00	15.00	13.00	15.00	6.00	0.00	-5.00
CFO/OP %	74.00	105.00	69.00	120.00	59.00	125.00	52.00	84.00	100.00	72.00	53.00	31.00

Ratios

Annual · Days / % — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Debtor Days	100.00	89.00	89.00	83.00	92.00	104.00	122.00	102.00	109.00	120.00	112.00	108.00
Inventory Days	234.00	209.00	194.00	201.00	198.00	214.00	229.00	315.00	196.00	221.00	281.00	110.00
Days Payable	181.00	130.00	126.00	161.00	131.00	223.00	178.00	207.00	155.00	185.00	193.00	131.00
Cash Conversion Cycle	153.00	168.00	156.00	123.00	159.00	94.00	173.00	210.00	150.00	157.00	200.00	87.00
Working Capital Days	92.00	86.00	82.00	70.00	84.00	75.00	73.00	63.00	52.00	38.00	33.00	25.00
ROCE %	19.00	22.00	28.00	21.00	31.00	28.00	33.00	24.00	22.00	16.00	8.00	7.00

Shareholding Pattern

% holding — latest first

Holder	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023
Promoters	53.61	53.61	53.61	53.62	53.62	53.62	53.62	53.63	53.64	54.02	54.15	54.22
FIIs	0.85	0.84	0.79	0.66	0.65	0.67	0.66	0.23	0.12	0.49	0.00	0.00
DIIs	3.38	3.17	3.14	3.34	3.20	3.02	2.45	2.41	0.89	0.76	0.72	0.72
Public	42.17	42.37	42.46	42.38	42.53	42.69	43.27	43.72	45.36	44.72	45.13	45.06
No. of Shareholders	8,000	7,909	8,070	8,345	8,045	7,670	7,743	7,249	5,468	4,342	3,611	1,449

Corporate Actions

3 records

Action	Ex Date	Record Date	Ratio	Amount (₹)
Dividend	18 Aug 2026	18 Aug 2026	—	5.00
Dividend	22 Aug 2025	22 Aug 2025	—	5.00
Dividend	22 Aug 2024	—	—	3.00

Announcements

5 filings

Shareholders meeting
26 Aug 2026 26 Aug - 40th AGM voting results घोषित; audited statements, dividend and V.A. George reappointment approved.
Shareholders meeting
25 Aug 2026 25 Aug - Thejo Engineering held its 40th AGM on August 25, 2026; shareholders considered FY26 accounts, dividend and director reappointments.
Allotment of Securities
19 Aug 2026 19 Aug - 595 ESOP shares allotted at Rs 671.75 on 19 Aug 2026; paid-up capital rises to Rs 10.85 crore.
Copy of Newspaper Publication
11 Aug 2026 11 Aug - Newspaper advertisement published for quarter ended 30 June 2026 financial results on 11 August 2026.
Outcome of Board Meeting
10 Aug 2026 10 Aug - Thejo Engineering posted Q1FY27 results: standalone revenue ₹144.4 crore, PAT ₹15.2 crore; consolidated revenue ₹177.6 crore.

Annual Reports

Credit Ratings

Rating update
16 Jun from crisil
Rating update
25 Mar 2025 from crisil
Rating update
2 Jan 2024 from crisil
Rating update
19 Dec 2023 from crisil
Rating update
2 Nov 2022 from crisil
Rating update
30 Sep 2021 from crisil

Conference Calls

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