Thejo Engineering Ltd. (THEJO) AI Stock Analysis

• Market Cap: ₹20.37B
• Dividend Yield: 0.26%
• Average Volume (3M): 6.80K
• Price to Earnings (P/E): 41.0
• Beta (1Y): 1.21
• Revenue Growth: 0.45%
• EPS Growth: -6.28%
• Country: IN
• Employees: 1,392
• Sector: Industrials
• Sector Strength: 73
• Industry: Industrial - Machinery
• EPS (TTM): 8.69
• Shares Outstanding: 10,846,354
• 10 Day Avg. Volume: 3,309
• 30 Day Avg. Volume: 6,797
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: ₹2,058.00
• Price Target Upside: 7.12% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 61 Neutral
• Price Target: ₹2,058.00 ▲(7.12% Upside)

Thejo Engineering Ltd. demonstrates strong financial performance, which is the primary driver of its overall score. However, the stock's technical indicators suggest bearish momentum, and its high valuation raises concerns about potential overvaluation. The lack of earnings call data and corporate events limits additional insights.

Thejo Engineering Ltd. Business Overview & Revenue Model

Company Description

Thejo Engineering Ltd. (THEJO) is an Indian company specializing in providing comprehensive engineering solutions in the fields of mining, mineral processing, and bulk material handling. Established in 1974, the company offers an array of products and services, including conveyor belt splicing, pulley lagging, wear and corrosion protection, and maintenance services. Thejo Engineering serves a wide array of industries such as mining, cement, steel, power, and ports, providing both products and on-site services tailored to enhance operational efficiency and equipment longevity.

How the Company Makes Money

Thejo Engineering Ltd. generates revenue through a combination of manufacturing and service-based activities. The company's primary revenue streams come from the sale of engineered products like conveyor belts, rubber lining, and other wear-resistant solutions, as well as maintenance and service contracts. These services include installation, repair, and maintenance of their products at customer sites, which ensures recurring revenue. Additionally, Thejo partners with various industry players to expand its market reach and service offerings, leveraging its expertise to provide customized solutions across different sectors. This diversified approach helps the company maintain a steady flow of income and mitigate risks associated with dependency on a single revenue stream.

Thejo Engineering Ltd. Financial Statement Overview

Summary

Thejo Engineering Ltd. exhibits 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 2023	Dec 2022	Dec 2022	Dec 2021
Income Statement
Total Revenue	5.40B	5.53B	5.59B	4.24B	4.74B	3.26B
Gross Profit	4.27B	2.44B	3.15B	2.51B	3.67B	2.01B
EBITDA	893.33M	927.58M	1.02B	699.59M	625.73M	529.83M
Net Income	471.50M	498.94M	556.39M	376.30M	324.18M	264.54M
Balance Sheet
Total Assets	0.00	4.46B	4.14B	3.03B	3.64B	2.35B
Cash, Cash Equivalents and Short-Term Investments	680.96M	779.53M	654.11M	459.07M	608.15M	325.59M
Total Debt	0.00	299.80M	425.12M	381.24M	453.08M	99.47M
Total Liabilities	-2.94B	1.26B	1.41B	1.17B	1.45B	894.24M
Stockholders Equity	2.94B	2.98B	2.50B	1.65B	1.96B	1.30B
Cash Flow
Free Cash Flow	0.00	288.45M	292.72M	126.03M	91.60M	375.25M
Operating Cash Flow	0.00	697.34M	518.07M	273.02M	586.07M	506.47M
Investing Cash Flow	0.00	-451.04M	-190.89M	-146.56M	-504.55M	-126.47M
Financing Cash Flow	0.00	-188.64M	-151.46M	-443.00K	-80.72M	-295.16M

Thejo Engineering Ltd. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 1921.20
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• 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 Neutral. The current price of 1921.2 is below the 20-day moving average (MA) of 1972.61, below the 50-day MA of 2088.25, and below the 200-day MA of 1927.88, indicating a bearish trend. The MACD of -68.34 indicates Positive momentum. The RSI at 39.97 is Neutral, neither overbought nor oversold. The STOCH value of 23.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:THEJO.

Thejo Engineering Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MMFL	67 Neutral	₹15.31B	13.80		1.26%	-4.47%	-17.62%
Sector *	64 Neutral	$10.73B	15.74	7.60%	2.01%	2.75%	-15.09%
THEJO	61 Neutral	₹20.37B	40.96		0.26%	0.45%	-6.28%
ADORWELD	―	₹16.42B	43.05		2.07%	―	―
SALZERELEC	61 Neutral	₹14.34B	20.62		0.31%	21.71%	35.01%
ROTO	60 Neutral	₹15.52B	45.31		0.32%	10.30%	-8.01%
WENDT	―	₹19.89B	55.89		0.51%	―	―