Tega Industries Ltd. (TEGA) AI Stock Analysis

• Market Cap: ₹129.54B
• Dividend Yield: 0.1%
• Average Volume (3M): 24.41K
• Price to Earnings (P/E): 65.2
• Beta (1Y): 0.63
• Revenue Growth: 10.80%
• EPS Growth: 39.83%
• Country: IN
• Employees: 702
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial - Machinery
• EPS (TTM): 6.75
• Shares Outstanding: 66,535,490
• 10 Day Avg. Volume: 4,036
• 30 Day Avg. Volume: 24,407
• PEG Ratio: 15.59
• Price to Book (P/B): 6.97
• Price to Sales (P/S): 5.99
• P/FCF Ratio: 391.61
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 61 Neutral
• Price Target: ₹2,000.00 ▲(4.82% Upside)

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

Revenue Growth

Consistent revenue growth indicates a strong market position and the ability to expand its customer base, which is crucial for long-term success.

Profit Margins

High profit margins reflect effective cost management and operational efficiency, providing a competitive edge and financial stability.

Balance Sheet Health

A low debt-to-equity ratio indicates prudent financial management, reducing risk and enhancing the company's ability to invest in growth opportunities.

Negative Factors

Earnings Volatility

Fluctuating free cash flow growth can indicate potential instability in earnings, which may affect the company's ability to consistently fund operations and growth.

Liabilities Growth

Increasing liabilities can strain financial resources and potentially impact the company's ability to maintain its financial health over the long term.

EPS Decline

A decline in EPS growth suggests challenges in profitability, which could impact investor confidence and the company's ability to reinvest in its business.

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 DynaPrime, DynaSteel, DynaPulp, and DynaWear; trommels for heavy duty, medium duty and light duty applications along with structure, rubber or polyurethane screen panels, spirals, connecting pieces and end flanges.; Rapido, a screening machine used for separation of particles; and screening solutions comprise screening decks, such as bolt down panels, cross tension panels, flip flo panels, panel cords, dewatering panels, polysnap panels, anti-clogging panels, and button type panels. The company also provides hydrocyclones for extracting or separating slurry particles; conveyor products, including spill-ex skirt sealing systems, ceramic pulley laggings, and Centrax that guide the conveyor belt system; pumps; and chutes and flotation parts. In addition, it offers plant audit consultancy services for grinding and classification upgrades; and maintenance and operations solutions, as well as supplies spare parts. The company serves in India, Africa, South East Asia, Australia, South America, North America, Europe, the Middle East, and Russia. It also exports its products. The company was formerly known as Tega India Limited and changed its name to Tega Industries Limited in January 2002. Tega Industries Limited was incorporated in 1976 and is based in Kolkata, India. Tega Industries Limited is a subsidiary of Nihal Fiscal Services Private Limited.

How the Company Makes Money

Tega Industries generates revenue primarily through the sale of its products and services, which includes consumables like rubber linings, screens, and other wear-resistant materials. The company has established a strong presence in both domestic and international markets, allowing it to tap into diverse revenue streams from various geographical regions. Additionally, Tega Industries benefits from long-term contracts and partnerships with major mining companies, which provide a steady flow of income. The company may also engage in after-sales services and maintenance contracts, further contributing to its revenue. Key factors influencing its earnings include market demand for mining equipment, the global minerals market trends, and the efficiency of its production processes.

Tega Industries Ltd. Financial Statement Overview

Summary

Tega Industries Ltd. demonstrates strong financial performance with consistent revenue growth, robust profit margins, and effective cost management. The balance sheet reflects solid financial health with low leverage, while cash flow statements indicate adequate operational cash generation despite fluctuating free cash flow trends.

Income Statement

Tega Industries Ltd. demonstrates a strong income statement with consistent revenue growth over the years, reaching a notable 10.5% increase from 2024 to 2025. The company maintains a robust gross profit margin of 35.96% for 2025, alongside a strong net profit margin of 12.21%. The EBIT margin is exceptionally high at 42.16%, indicating effective cost management and operational efficiency. Overall, the income statement reflects excellent sales growth and profitability, positioning the company well within its industry.

Balance Sheet

The balance sheet of Tega Industries reflects solid financial health with a low debt-to-equity ratio of 0.24, indicating prudent leverage management. The return on equity (ROE) is stable at 14.33%, suggesting effective use of equity capital to generate profits. The equity ratio stands at 66.65%, highlighting strong equity financing. However, the growth in total liabilities warrants monitoring to ensure long-term financial stability.

Cash Flow

Cash flow analysis shows that Tega Industries has a positive free cash flow for 2025, although the free cash flow growth rate fluctuated significantly in recent years. The operating cash flow to net income ratio is at a favorable 0.97, indicating that the company can convert a substantial portion of its income into cash. Despite a slight decline in free cash flow in 2025, the company maintains adequate cash flow from operations to support its business activities.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	16.55B	16.26B	14.82B	12.06B	9.42B	7.94B
Gross Profit	9.48B	9.13B	4.81B	6.67B	5.30B	4.63B
EBITDA	3.82B	3.40B	3.40B	2.91B	2.02B	2.36B
Net Income	1.99B	2.00B	1.94B	1.84B	1.17B	1.36B
Balance Sheet
Total Assets	0.00	20.95B	18.90B	16.34B	11.79B	10.18B
Cash, Cash Equivalents and Short-Term Investments	3.61B	3.61B	3.35B	2.38B	2.15B	2.05B
Total Debt	0.00	3.30B	3.08B	3.61B	2.45B	2.20B
Total Liabilities	-13.97B	6.99B	6.98B	5.85B	4.43B	4.05B
Stockholders Equity	13.97B	13.97B	11.92B	10.49B	7.36B	6.14B
Cash Flow
Free Cash Flow	0.00	248.50M	1.97B	863.40M	-272.86M	1.22B
Operating Cash Flow	0.00	1.95B	2.52B	1.79B	137.13M	1.70B
Investing Cash Flow	0.00	-1.32B	-906.63M	-2.34B	-256.40M	-797.29M
Financing Cash Flow	0.00	-380.19M	-1.15B	630.35M	30.85M	-790.04M

Tega Industries Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1908.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: 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 1908 is below the 20-day moving average (MA) of 1922.38, below the 50-day MA of 1923.59, and above the 200-day MA of 1686.71, indicating a neutral trend. The MACD of -3.17 indicates Negative momentum. The RSI at 47.26 is Neutral, neither overbought nor oversold. The STOCH value of 58.43 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PRIVISCL	64 Neutral	₹116.50B	43.66	―	0.16%	24.25%	96.45%
HEG	62 Neutral	₹111.80B	56.80	―	0.35%	3.93%	41.77%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
TEGA	61 Neutral	₹129.54B	65.19	―	0.10%	10.80%	39.83%
ALKYLAMINE	61 Neutral	₹93.53B	51.34	―	0.60%	3.95%	8.28%
RHIM	60 Neutral	₹98.27B	59.60	―	0.56%	8.65%	―
GRAPHITE	54 Neutral	₹119.80B	33.37	―	2.04%	-7.12%	-48.28%

Tega Industries Ltd. Corporate Events

Tega Industries Reports Insider Trading Violation

Tega Industries Limited has reported a violation of the SEBI (Prohibition of Insider Trading) Regulations, 2015, related to its Code of Conduct. The violation involves Sudipta Mukherjee, a Senior Manager in the Quality department of Tega McNally Minerals Limited, a wholly-owned subsidiary of Tega Industries. The incident highlights the importance of compliance with insider trading regulations and may prompt the company to reinforce its internal controls and compliance measures to prevent future occurrences.

Tega Industries Ensures Regulatory Compliance with SEBI Certificate Submission

Tega Industries Limited has submitted a certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended September 30, 2025. This submission, handled by their Registrar and Share Transfer Agent, MUFG Intime India Pvt Ltd, indicates compliance with regulatory requirements, which is crucial for maintaining transparency and trust with stakeholders.

Tega Industries Ltd. Concludes 49th AGM with Key Resolutions

Tega Industries Ltd. held its 49th Annual General Meeting on September 19, 2025, via video conferencing, adhering to regulatory provisions. The meeting, chaired by Mr. Madan Mohan Mohanka, addressed key resolutions including the adoption of financial statements, reappointment of a director, declaration of a final dividend, and ratification of auditor remuneration. These proceedings reflect the company’s commitment to maintaining transparency and shareholder engagement, potentially impacting its operational strategies and financial health positively.

Tega Industries Announces 49th AGM and Annual Report Release

Tega Industries Ltd. has announced the upcoming 49th Annual General Meeting (AGM) scheduled for September 19, 2025, along with the release of its Annual Report for the financial year ending March 31, 2025. The company is ensuring compliance with SEBI Listing Regulations by distributing these documents electronically to registered members and providing access via its website. This move underscores Tega Industries’ commitment to transparency and regulatory adherence, potentially strengthening its stakeholder relations and market position.