Thejo Engineering Ltd. (THEJO) AI Stock Analysis

• Market Cap: ₹19.24B
• Dividend Yield: 0.3%
• Average Volume (3M): 2.87K
• Price to Earnings (P/E): 38.7
• Beta (1Y): 1.23
• Revenue Growth: 4.11%
• EPS Growth: 2.40%
• Country: IN
• Employees: 1,392
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial - Machinery
• EPS (TTM): 13.92
• Shares Outstanding: 10,846,354
• 10 Day Avg. Volume: 2,507
• 30 Day Avg. Volume: 2,866
• PEG Ratio: -3.51
• Price to Book (P/B): 6.61
• Price to Sales (P/S): 3.56
• P/FCF Ratio: 68.24
• 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: 70 Outperform
• Price Target: ₹1,984.00 ▲(19.86% Upside)

Thejo Engineering Ltd. scores well due to its robust financial performance, characterized by strong revenue and profit growth and a healthy balance sheet. However, technical analysis indicates bearish trends, and the stock appears overvalued with a high P/E ratio and low dividend yield. These factors moderate the overall score.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong market demand and effective business strategies, ensuring long-term sustainability and expansion potential.

Balance Sheet Health

A strong balance sheet with low leverage enhances financial stability and provides flexibility for future investments and growth initiatives.

Profitability Margins

Sustained profitability margins reflect efficient operations and cost management, supporting long-term financial health and shareholder value.

Negative Factors

Earnings Per Share Decline

A decline in EPS growth can signal challenges in maintaining profitability, potentially affecting investor confidence and future earnings potential.

Cash Flow Variability

Variability in cash flow can impact the company's ability to fund operations and investments consistently, posing a risk to financial stability.

Stock Performance

Persistent bearish trends in stock performance may reflect underlying market concerns, potentially affecting capital raising and investor sentiment.

Thejo Engineering Ltd. Business Overview & Revenue Model

Company Description

Thejo Engineering Ltd. (THEJO) is a prominent engineering and manufacturing company based in India, specializing in the production of a wide range of industrial products and solutions. The company operates primarily in the sectors of mining, cement, and power generation, offering core products such as conveyor systems, wear-resistant materials, and rubber products. With a strong focus on innovation and quality, THEJO serves various industries by providing customized engineering solutions and services that enhance operational efficiency and productivity.

How the Company Makes Money

Thejo Engineering Ltd. generates revenue through multiple streams, primarily by selling its manufactured products, including conveyor belts, wear parts, and rubber lining solutions, to various industries such as mining, cement, and power generation. Additionally, the company offers engineering services, which include installation, maintenance, and technical support, further contributing to its earnings. Significant partnerships with key players in these sectors enhance its market reach and facilitate long-term contracts, which provide a stable income source. Furthermore, THEJO benefits from its reputation for quality and reliability, attracting new clients and retaining existing ones, thereby driving consistent revenue growth.

Thejo Engineering Ltd. Financial Statement Overview

Summary

Thejo Engineering Ltd. demonstrates strong financial performance with consistent revenue and profit growth, solid profitability margins, and prudent financial management. The balance sheet is healthy with low leverage, and cash flows are generally strong despite some fluctuations.

Income Statement

Thejo Engineering Ltd. exhibits strong profitability with a consistent increase in gross profit and net profit margins over the years. The revenue growth rate has been positive, showing stability and upward trajectory. EBIT and EBITDA margins are healthy, reflecting efficient cost control and operational performance.

Balance Sheet

The balance sheet is solid with a low debt-to-equity ratio, indicating financial prudence. The return on equity is commendable, demonstrating effective use of shareholder funds. The equity ratio is robust, highlighting a strong asset base relative to liabilities, which reduces financial risk.

Cash Flow

Cash flow analysis indicates a positive trend in operating cash flow and free cash flow growth. The operating cash flow to net income ratio is strong, showcasing that earnings are well-supported by cash flow. However, free cash flow has shown variability, indicating potential fluctuations in cash generation capabilities.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	5.58B	5.53B	5.59B	4.74B	4.24B	3.26B
Gross Profit	3.92B	2.44B	3.15B	3.67B	2.51B	2.01B
EBITDA	923.17M	927.58M	1.02B	625.73M	699.59M	529.83M
Net Income	497.13M	498.94M	556.39M	324.18M	376.30M	264.54M
Balance Sheet
Total Assets	0.00	4.46B	4.14B	3.64B	3.03B	2.35B
Cash, Cash Equivalents and Short-Term Investments	745.76M	779.53M	654.11M	608.15M	459.07M	325.59M
Total Debt	0.00	299.80M	425.12M	453.08M	381.24M	176.97M
Total Liabilities	-3.20B	1.26B	1.41B	1.45B	1.17B	894.24M
Stockholders Equity	3.20B	2.98B	2.50B	1.96B	1.65B	1.29B
Cash Flow
Free Cash Flow	0.00	288.45M	292.72M	91.60M	126.03M	375.25M
Operating Cash Flow	0.00	697.34M	518.07M	586.07M	273.02M	506.47M
Investing Cash Flow	0.00	-451.04M	-190.89M	-504.55M	-146.56M	-126.47M
Financing Cash Flow	0.00	-188.64M	-151.46M	-80.72M	-443.00K	-283.43M

Thejo Engineering Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1655.20
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:THEJO, the sentiment is Negative. The current price of 1655.2 is below the 20-day moving average (MA) of 1713.25, below the 50-day MA of 1779.16, and below the 200-day MA of 1867.58, indicating a bearish trend. The MACD of -33.83 indicates Negative momentum. The RSI at 38.82 is Neutral, neither overbought nor oversold. The STOCH value of 35.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:THEJO.

Thejo Engineering Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
THEJO	70 Outperform	₹19.24B	38.69	―	0.30%	4.11%	2.40%
MMFL	68 Neutral	₹14.93B	13.46	―	1.22%	-4.47%	-17.62%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
SALZERELEC	61 Neutral	₹13.59B	24.40	―	0.34%	21.51%	-17.75%
ROTO	59 Neutral	₹12.93B	37.90	―	0.42%	2.00%	-20.08%