Thejo Engineering Ltd. (THEJO) AI Stock Analysis

• Market Cap: ₹16.59B
• Dividend Yield: 0.3%
• Average Volume (3M): 2.87K
• Price to Earnings (P/E): 53.2
• Beta (1Y): 0.96
• Revenue Growth: 4.11%
• EPS Growth: 2.40%
• Country: IN
• Employees: 1,392
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial - Machinery
• EPS (TTM): 8.20
• 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: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 70 Outperform
• Price Target: ₹1,683.00 ▼(-3.05% Downside)
• Action: Upgraded Date: 10/24/25
• Date: Action: Upgraded 10/24/25

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

Consistent revenue and profit growth

Thejo’s recurring pattern of rising revenues and expanding gross and net margins indicates durable operational strength and pricing/premium execution in its niche. Over 2–6 months this supports predictable earnings, reinvestment capacity, and resilience versus peers in industrial equipment.

Negative Factors

EPS growth lags revenue growth

Revenue is growing materially faster than reported EPS, suggesting weaker bottom-line conversion, potential dilution, or rising non-operating costs. Persisting divergence can constrain shareholder returns and signals structural limits to profit scalability absent corrective actions.

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...

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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

THEJO primarily makes money by selling engineered products and providing services to industrial customers. Key revenue streams include: (1) product sales of material-handling and wear-solution components and systems (e.g., items used on conveyors ...

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THEJO primarily makes money by selling engineered products and providing services to industrial customers. Key revenue streams include: (1) product sales of material-handling and wear-solution components and systems (e.g., items used on conveyors ...

Thejo Engineering Ltd. Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	5.77B	5.53B	5.59B	4.74B	4.24B	3.26B
Gross Profit	3.54B	2.44B	3.15B	3.67B	2.51B	2.01B
EBITDA	946.76M	927.58M	1.02B	625.73M	699.59M	529.83M
Net Income	529.09M	498.94M	556.39M	324.18M	376.30M	264.54M
Balance Sheet
Total Assets	4.92B	4.46B	4.14B	3.64B	3.03B	2.35B
Cash, Cash Equivalents and Short-Term Investments	762.30M	779.53M	654.11M	608.15M	459.07M	325.59M
Total Debt	390.09M	299.80M	425.12M	453.08M	381.24M	176.97M
Total Liabilities	1.46B	1.26B	1.41B	1.45B	1.17B	894.24M
Stockholders Equity	3.23B	2.98B	2.50B	1.96B	1.65B	1.29B
Cash Flow
Free Cash Flow	159.35M	288.45M	292.72M	91.60M	126.03M	375.25M
Operating Cash Flow	282.12M	697.34M	518.07M	586.07M	273.02M	506.47M
Investing Cash Flow	-376.30M	-451.04M	-190.89M	-504.55M	-146.56M	-126.47M
Financing Cash Flow	-96.22M	-188.64M	-151.46M	-80.72M	-443.00K	-283.43M

Thejo Engineering Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1736.00
• 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 Negative. The current price of 1736 is above the 20-day moving average (MA) of 1631.80, above the 50-day MA of 1704.61, and below the 200-day MA of 1832.14, indicating a bearish trend. The MACD of -40.69 indicates Positive momentum. The RSI at 31.73 is Neutral, neither overbought nor oversold. The STOCH value of 38.13 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
MMFL	72 Outperform	₹20.07B	24.91	―	1.07%	-4.47%	-17.62%
THEJO	70 Outperform	₹16.59B	53.19	―	0.30%	4.11%	2.40%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
WENDT	59 Neutral	₹12.97B	130.82	―	0.62%	―	―
SALZERELEC	58 Neutral	₹9.22B	24.44	―	0.36%	21.51%	-17.75%
ROTO	55 Neutral	₹9.98B	47.85	―	0.36%	2.00%	-20.08%