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Tega Industries Ltd.
(TEGA)
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Rating:61Neutral
Price Target:
₹1,861.00
▼(-4.42% Downside)
Action:Reiterated
Date:05/30/26
The score is primarily supported by strong revenue growth and a solid, low-leverage balance sheet, but is held back by recent margin/ROE deterioration and only mixed cash-flow consistency. Technicals are neutral-to-soft, and the high P/E with a low dividend yield further limits the overall score.
Positive Factors
Revenue Growth Momentum
A 71% revenue acceleration in FY2026 reflects durable demand for wear parts and engineered consumables in mining. Given recurring replacement cycles and long-term OEM/vendor relationships, stronger top-line growth signals expanding share and repeatable project-driven revenue over the medium term.
Negative Factors
Margin Compression
Falling gross and net margins despite strong revenue suggest cost pressures or adverse product mix. If sustained, lower profitability undermines cash flow quality and the ability to reinvest or generate returns, making earnings more sensitive to raw-material or pricing cycles in mining.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth Momentum
A 71% revenue acceleration in FY2026 reflects durable demand for wear parts and engineered consumables in mining. Given recurring replacement cycles and long-term OEM/vendor relationships, stronger top-line growth signals expanding share and repeatable project-driven revenue over the medium term.
Read all positive factors
Tega Industries Ltd. (TEGA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹121.79B
Dividend Yield0.1%
Average Volume (3M)24.41K
Price to Earnings (P/E)78.9
Beta (1Y)0.45
Revenue Growth3.25%
EPS Growth-31.59%
CountryIN
Employees1,458
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)20.57
Shares Outstanding75,127,700
10 Day Avg. Volume4,036
30 Day Avg. Volume24,407
Financial Highlights & Ratios
PEG Ratio-2.60
Price to Book (P/B)3.45
Price to Sales (P/S)6.95
P/FCF Ratio54.84
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)30.65
Revenue Forecast (FY)₹19.82B
Tega Industries Ltd. Business Overview & Revenue Model
Company Description
Tega Industries Limited designs, manufactures, and installs process equipment and accessories for the mineral processing, mining, and material handling industries. It offers a range of grinding mill liners, such as DynaPrime, DynaSteel, DynaPulp, ...
How the Company Makes Money
TEGA primarily makes money by manufacturing and selling engineered consumables and equipment used in mineral processing, where parts are subject to wear and require periodic replacement. A core revenue stream comes from supplying mill liners and o...
Tega Industries Ltd. Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
76
Positive
Cash Flow
70
Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 16.92B | 16.12B | 14.64B | 11.94B | 9.33B |
| Gross Profit | 6.32B | 9.13B | 8.18B | 6.67B | 5.30B |
| EBITDA | 3.19B | 3.85B | 3.40B | 2.94B | 2.04B |
| Net Income | 1.43B | 2.00B | 1.94B | 1.84B | 1.17B |
Balance Sheet | |||||
| Total Assets | 43.15B | 20.95B | 18.90B | 16.34B | 11.79B |
| Cash, Cash Equivalents and Short-Term Investments | 23.21B | 3.61B | 3.35B | 2.38B | 2.15B |
| Total Debt | 3.98B | 3.30B | 3.08B | 3.61B | 2.45B |
| Total Liabilities | 9.07B | 6.99B | 6.98B | 5.85B | 4.43B |
| Stockholders Equity | 34.07B | 13.97B | 11.92B | 10.49B | 7.36B |
Cash Flow | |||||
| Free Cash Flow | 2.14B | 248.50M | 1.97B | 863.40M | -272.86M |
| Operating Cash Flow | 3.50B | 1.95B | 2.52B | 1.79B | 137.13M |
| Investing Cash Flow | -10.04B | -1.32B | -906.63M | -2.34B | -256.40M |
| Financing Cash Flow | 16.90B | -380.19M | -1.15B | 630.35M | 30.85M |
Tega Industries Ltd. Technical Analysis
Negative
1947.05
Price Trends
1691.94
Negative
1698.98
Negative
1791.58
Negative
Market Momentum
-23.09
Positive
41.01
Neutral
24.36
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 1683.04, above the 50-day MA of 1691.94, and above the 200-day MA of 1791.58, indicating a bearish trend. The MACD of -23.09 indicates Positive momentum. The RSI at 41.01 is Neutral, neither overbought nor oversold. The STOCH value of 24.36 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 (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ₹433.59B | 34.15 | ― | 0.41% | 3.09% | 20.06% | |
69 Neutral | ₹148.22B | 39.72 | ― | 0.43% | 1.02% | -10.02% | |
64 Neutral | ₹94.59B | 36.29 | ― | 0.30% | 11.83% | 2.18% | |
62 Neutral | ₹157.04B | 54.66 | ― | 0.51% | 4.54% | 1.65% | |
61 Neutral | ₹121.79B | 78.86 | ― | 0.10% | 3.25% | -31.59% | |
57 Neutral | ₹328.10B | 57.08 | ― | 0.50% | 21.42% | 17.24% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:TEGA
Tega Industries Ltd.
1,621.15
-375.76
-18.82%
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4.42%
IN:VESUVIUS
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466.05
-63.30
-11.96%
Tega Industries Ltd. Corporate Events
Tega Industries Closes Molycop Acquisition, Expands Global Mining Footprint
Jun 1, 2026
Tega Industries Ltd. has completed the previously announced acquisition of the Molycop group through a consortium with Apollo Funds, following receipt of required regulatory and antitrust approvals. The transaction is structured through Tega MC In...
Tega Industries Closes USD 1.5 Billion Molycop Acquisition with Apollo Funds
Jun 1, 2026
Tega Industries has completed, in consortium with Apollo Funds, the acquisition of Molycop, a leading global supplier of grinding media to the mining industry, at an enterprise value of about USD 1.5 billion. The deal comes in Tega’s 50th an...
Tega Industries Shares FY26 Investor Presentation With Markets
Jun 1, 2026
Tega Industries Ltd. has released an investor presentation covering its results for the quarter and full financial year ended 31 March 2026. The presentation, prepared in line with Indian securities disclosure norms, has been shared with stock exc...
Tega Industries Secures ₹1,500-Crore Facility to Fund Molycop Acquisition
May 23, 2026
Tega Industries Ltd. has signed a rupee facility agreement with a lender group comprising Standard Chartered Bank, Axis Bank and Export-Import Bank of India, with Catalyst Trusteeship as facility agent, to secure financing of up to ₹1,500 cr...
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.