Thejo Engineering Ltd. (IN:THEJO)
:THEJO
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Thejo Engineering Ltd.
(THEJO)
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Rating:62Neutral
Price Target:
₹1,712.00
▼(-1.38% Downside)
Action:Downgraded
Date:05/28/26
The score is supported by a conservatively financed balance sheet and solid multi-year revenue growth, but is held back by sharp 2026 cash-flow deterioration and a weak technical setup (below major moving averages with negative MACD). Valuation appears only moderately attractive given these risks, and the low dividend yield provides limited downside support.
Positive Factors
Conservative Balance Sheet
A low leverage profile and a growing equity base provide durable financial flexibility. This conservative balance sheet supports capital spending and cyclical downturns, lowering refinancing risk and enabling the company to pursue contracts or sustain operations without urgent external funding.
Negative Factors
Deteriorating Cash Generation
A sharp drop in operating and free cash flow reduces the company's ability to self-fund capex, service debt, and return capital. Persistent cash conversion weakness undermines investment plans and increases reliance on external financing during less favorable market periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
A low leverage profile and a growing equity base provide durable financial flexibility. This conservative balance sheet supports capital spending and cyclical downturns, lowering refinancing risk and enabling the company to pursue contracts or sustain operations without urgent external funding.
Read all positive factors
Thejo Engineering Ltd. (THEJO) vs. iShares MSCI India ETF (INDA)
Market Cap
₹17.52B
Dividend Yield0.3%
Average Volume (3M)2.87K
Price to Earnings (P/E)34.5
Beta (1Y)1.01
Revenue Growth14.36%
EPS Growth-1.40%
CountryIN
Employees1,392
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)48.80
Shares Outstanding10,846,354
10 Day Avg. Volume2,507
30 Day Avg. Volume2,866
Financial Highlights & Ratios
PEG Ratio-23.83
Price to Book (P/B)4.46
Price to Sales (P/S)2.50
P/FCF Ratio263.46
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)N/A
Revenue Forecast (FY)N/A
Thejo Engineering Ltd. Business Overview & Revenue Model
Company Description
Thejo Engineering Limited designs, manufactures, markets, and services rubber and polyurethane based engineering products for bulk material handling systems, mineral processing, and corrosion protection applications in India and internationally. I...
How the Company Makes Money
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Thejo Engineering Ltd. Financial Statement Overview
Summary
Income Statement
76
Positive
Balance Sheet
84
Very Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.77B | 6.32B | 5.53B | 5.59B | 4.74B | 4.24B |
| Gross Profit | 3.54B | 2.87B | 2.44B | 3.15B | 3.67B | 2.51B |
| EBITDA | 946.76M | 651.21M | 927.58M | 1.02B | 625.73M | 699.59M |
| Net Income | 529.09M | 492.60M | 498.94M | 556.39M | 324.18M | 376.30M |
Balance Sheet | ||||||
| Total Assets | 4.92B | 5.49B | 4.46B | 4.14B | 3.64B | 3.03B |
| Cash, Cash Equivalents and Short-Term Investments | 762.30M | 665.17M | 779.53M | 654.11M | 608.15M | 459.07M |
| Total Debt | 390.09M | 394.50M | 299.80M | 425.12M | 453.08M | 381.24M |
| Total Liabilities | 1.46B | 1.70B | 1.26B | 1.41B | 1.45B | 1.17B |
| Stockholders Equity | 3.23B | 3.54B | 2.98B | 2.50B | 1.96B | 1.65B |
Cash Flow | ||||||
| Free Cash Flow | 159.35M | 60.01M | 288.45M | 292.72M | 91.60M | 126.03M |
| Operating Cash Flow | 282.12M | 405.09M | 697.34M | 518.07M | 586.07M | 273.02M |
| Investing Cash Flow | -376.30M | -627.82M | -451.04M | -190.89M | -504.55M | -146.56M |
| Financing Cash Flow | -96.22M | -85.26M | -188.64M | -151.46M | -80.72M | -443.00K |
Thejo Engineering Ltd. Technical Analysis
Negative
1736.00
Price Trends
1682.19
Negative
1705.93
Negative
1763.38
Negative
Market Momentum
-28.65
Positive
33.77
Neutral
11.80
Positive
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 1736 is above the 20-day moving average (MA) of 1733.79, above the 50-day MA of 1682.19, and below the 200-day MA of 1763.38, indicating a bearish trend. The MACD of -28.65 indicates Positive momentum. The RSI at 33.77 is Neutral, neither overbought nor oversold. The STOCH value of 11.80 is Positive, 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
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
84 Outperform | ₹20.84B | 19.82 | ― | 0.63% | -1.21% | -5.31% | |
69 Neutral | ₹119.54B | 33.22 | ― | 0.41% | 3.97% | -17.80% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | ₹17.52B | 34.47 | ― | 0.30% | 14.36% | -1.40% | |
56 Neutral | ₹15.72B | 27.55 | ― | ― | 50.67% | 37.20% | |
54 Neutral | ₹23.17B | 15.83 | ― | ― | 12.20% | 16.37% | |
40 Underperform | ₹2.64B | -58.74 | ― | ― | -29.63% | -117.34% |
* Industrials Sector Average
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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.