Tega Industries Ltd. (IN:TEGA)
:TEGA
Top Page
Tega Industries Ltd.
(TEGA)
Select Model
Select Model
Rating:61Neutral
Price Target:
₹1,811.00
▼(-6.99% Downside)
Action:ReiteratedDate:10/21/25
Tega Industries Ltd. scores moderately due to strong financial performance, which is offset by high valuation concerns and mixed technical indicators. The company's robust revenue and profit growth are significant strengths, but the high P/E ratio and low dividend yield suggest potential overvaluation. Technical analysis indicates neutral to bearish momentum, further impacting the overall score.
Positive Factors
Strong margins and profitability
Tega’s high gross and EBIT margins alongside double-digit revenue growth indicate durable operational efficiency and pricing power in engineered wear solutions. These margins support reinvestment, cushion commodity-price swings, and enable sustainable cash generation to fund capex, R&D and services expansion over coming years.
Negative Factors
Cyclicality from mining exposure
Tega’s end markets are tied to mining activity and commodity cycles, creating structural demand volatility. In prolonged commodity downturns, mine cutbacks lower replacement and capex spend, which can materially depress orders and delay projects, limiting visibility into sustained revenue growth over several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong margins and profitability
Tega’s high gross and EBIT margins alongside double-digit revenue growth indicate durable operational efficiency and pricing power in engineered wear solutions. These margins support reinvestment, cushion commodity-price swings, and enable sustainable cash generation to fund capex, R&D and services expansion over coming years.
Read all positive factors
Tega Industries Ltd. (TEGA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹127.00B
Dividend Yield0.1%
Average Volume (3M)24.41K
Price to Earnings (P/E)172.3
Beta (1Y)0.60
Revenue Growth10.80%
EPS Growth39.83%
CountryIN
Employees702
SectorBasic Materials
Sector Strength58
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)2.60
Shares Outstanding75,127,700
10 Day Avg. Volume4,036
30 Day Avg. Volume24,407
Financial Highlights & Ratios
PEG Ratio15.59
Price to Book (P/B)6.97
Price to Sales (P/S)6.04
P/FCF Ratio391.61
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)45.03
Revenue Forecast (FY)₹21.49B
Tega Industries Ltd. Business Overview & Revenue Model
Company Description
Tega Industries Limited designs, manufactures, distributes, and installs process equipment and accessories for the mineral processing, mining, material handling, and environment industries. It offers a range of grinding mill liners, such as DynaPr...
How the Company Makes Money
Tega Industries makes money mainly by designing, manufacturing, and selling consumable wear products used in mining and mineral processing operations. Its largest revenue stream is typically the supply of grinding mill liners (rubber, composite, a...
Tega Industries Ltd. Financial Statement Overview
Summary
Income Statement
88
Very Positive
Balance Sheet
78
Positive
Cash Flow
75
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 16.80B | 16.12B | 14.64B | 11.94B | 9.33B | 7.87B |
| Gross Profit | 9.74B | 9.13B | 8.18B | 6.67B | 5.30B | 4.63B |
| EBITDA | 4.19B | 3.85B | 3.40B | 2.94B | 2.04B | 2.37B |
| Net Income | 2.36B | 2.00B | 1.94B | 1.84B | 1.17B | 1.36B |
Balance Sheet | ||||||
| Total Assets | 21.50B | 20.95B | 18.90B | 16.34B | 11.79B | 10.18B |
| Cash, Cash Equivalents and Short-Term Investments | 4.12B | 3.61B | 3.35B | 2.38B | 2.15B | 2.05B |
| Total Debt | 3.05B | 3.30B | 3.08B | 3.61B | 2.45B | 2.20B |
| Total Liabilities | 6.74B | 6.99B | 6.98B | 5.85B | 4.43B | 4.05B |
| Stockholders Equity | 14.76B | 13.97B | 11.92B | 10.49B | 7.36B | 6.14B |
Cash Flow | ||||||
| Free Cash Flow | 1.05B | 248.50M | 1.97B | 863.40M | -272.86M | 1.22B |
| Operating Cash Flow | 1.54B | 1.95B | 2.52B | 1.79B | 137.13M | 1.70B |
| Investing Cash Flow | -888.49M | -1.32B | -906.63M | -2.34B | -256.40M | -797.29M |
| Financing Cash Flow | -722.41M | -380.19M | -1.15B | 630.35M | 30.85M | -790.04M |
Tega Industries Ltd. Technical Analysis
Negative
1947.05
Price Trends
1721.73
Negative
1818.36
Negative
1835.72
Negative
Market Momentum
-13.82
Negative
48.36
Neutral
75.60
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:TEGA, the sentiment is Negative. The current price of 1947.05 is above the 20-day moving average (MA) of 1700.44, above the 50-day MA of 1721.73, and above the 200-day MA of 1835.72, indicating a bearish trend. The MACD of -13.82 indicates Negative momentum. The RSI at 48.36 is Neutral, neither overbought nor oversold. The STOCH value of 75.60 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:TEGA.
Tega Industries Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | ₹116.25B | 35.11 | ― | 0.15% | 24.25% | 96.45% | |
62 Neutral | ₹68.22B | 48.28 | ― | 0.62% | 3.95% | 8.28% | |
62 Neutral | ₹105.07B | 14.55 | ― | 0.33% | 3.93% | 41.77% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | ₹127.00B | 172.32 | ― | 0.10% | 10.80% | 39.83% | |
59 Neutral | ₹77.42B | 38.50 | ― | 0.55% | 8.65% | ― | |
54 Neutral | ₹122.98B | 46.09 | ― | 1.93% | -7.12% | -48.28% |
* Basic Materials Sector Average
IN:TEGA
Tega Industries Ltd.
1,690.45
300.20
21.59%
IN:ALKYLAMINE
Alkyl Amines Chemicals Limited
1,333.90
-354.79
-21.01%
IN:GRAPHITE
Graphite India Limited
629.45
176.11
38.85%
IN:HEG
HEG Limited
544.45
88.37
19.38%
IN:PRIVISCL
Privi Speciality Chemicals Limited
2,976.05
1,214.58
68.95%
IN:RHIM
RHI Magnesita India Refractories Limited
374.90
-87.12
-18.86%
Tega Industries Ltd. Corporate Events
Tega Industries Publishes Postal Ballot and E-Voting Notice in Newspapers
Mar 20, 2026
Tega Industries Ltd. has notified the stock exchanges that it has published a newspaper advertisement regarding its Postal Ballot Notice and e-voting information. The notice appeared on March 20, 2026, in the English daily Financial Express and th...
Tega Industries Publishes Q3 and Nine-Month FY26 Earnings Call Transcript
Feb 19, 2026
Tega Industries Limited has released the transcript of its earnings conference call for the quarter and nine months ended December 31, 2025, held on February 12, 2026. The call, led by Managing Director and Group CEO Mehul Mohanka and other senior...
Tega Industries Upsizes Investment to Lift Stake in Singapore JV Vehicle to Over 84%
Jan 24, 2026
Tega Industries has announced that its wholly owned subsidiary, Tega MC Investment Pte. Ltd. (Tega HoldCo), has exercised an upsize option to increase its planned investment in Tega MC JV Holdings Pte. Ltd. (SG Company) by USD 35 million. Followin...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.