Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹1,748, the stock trades at a trailing P/E ratio of 38.5x. Average trailing P/E is 28x in the Machinery industry in India. Total returns to shareholders of 1.8% over the past three years. Declared Dividend • May 30
Dividend of ₹5.00 announced Dividend of ₹5.00 is the same as last year. Ex-date: 18th August 2026 Payment date: 24th September 2026 Dividend yield will be 0.3%, which is lower than the industry average of 0.6%. Sustainability & Growth Dividend is covered by earnings (11% earnings payout ratio) but not covered by cash flows (131% cash payout ratio). The dividend has increased by an average of 18% per year over the past 8 years and payments have been stable during that time. Earnings per share has grown by 12% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 29
Full year 2026 earnings released: EPS: ₹45.41 (vs ₹46.07 in FY 2025) Full year 2026 results: EPS: ₹45.41 (down from ₹46.07 in FY 2025). Revenue: ₹6.42b (up 16% from FY 2025). Net income: ₹492.6m (down 1.3% from FY 2025). Profit margin: 7.7% (down from 9.0% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 5% per year. Annonce • May 28
Thejo Engineering Limited announces Annual dividend, payable on September 24, 2026 Thejo Engineering Limited announced Annual dividend of INR 5.0000 per share payable on September 24, 2026, ex-date on August 18, 2026 and record date on August 18, 2026. Annonce • May 27
Thejo Engineering Limited, Annual General Meeting, Aug 25, 2026 Thejo Engineering Limited, Annual General Meeting, Aug 25, 2026. Annonce • May 14
Thejo Engineering Limited to Report Q4, 2026 Results on May 27, 2026 Thejo Engineering Limited announced that they will report Q4, 2026 results on May 27, 2026 Reported Earnings • Feb 11
Third quarter 2026 earnings released: EPS: ₹8.20 (vs ₹12.14 in 3Q 2025) Third quarter 2026 results: EPS: ₹8.20 (down from ₹12.14 in 3Q 2025). Revenue: ₹1.62b (up 20% from 3Q 2025). Net income: ₹88.9m (down 32% from 3Q 2025). Profit margin: 5.5% (down from 9.7% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 10% per year. Valuation Update With 7 Day Price Move • Dec 26
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹1,857, the stock trades at a trailing P/E ratio of 38.1x. Average trailing P/E is 29x in the Machinery industry in India. Total returns to shareholders of 65% over the past three years. Reported Earnings • Nov 11
Second quarter 2026 earnings released: EPS: ₹13.92 (vs ₹10.99 in 2Q 2025) Second quarter 2026 results: EPS: ₹13.92 (up from ₹10.99 in 2Q 2025). Revenue: ₹1.55b (up 16% from 2Q 2025). Net income: ₹151.0m (up 27% from 2Q 2025). Profit margin: 9.7% (in line with 2Q 2025). Over the last 3 years on average, earnings per share has increased by 13% per year and the company’s share price has also increased by 13% per year. Upcoming Dividend • Aug 16
Upcoming dividend of ₹5.00 per share Eligible shareholders must have bought the stock before 22 August 2025. Payment date: 28 September 2025. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (0.9%). Reported Earnings • Aug 05
Full year 2025 earnings released: EPS: ₹46.07 (vs ₹51.86 in FY 2024) Full year 2025 results: EPS: ₹46.07 (down from ₹51.86 in FY 2024). Revenue: ₹5.53b (down 1.2% from FY 2024). Net income: ₹498.9m (down 10% from FY 2024). Profit margin: 9.0% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Aug 02
Dividend increased to ₹5.00 Dividend of ₹5.00 is 67% higher than last year. Ex-date: 22nd August 2025 Payment date: 28th September 2025 Dividend yield will be 0.2%, which is lower than the industry average of 0.6%. Sustainability & Growth Dividend is well covered by both earnings (11% earnings payout ratio) and cash flows (17% cash payout ratio). The dividend has increased by an average of 21% per year over the past 7 years and payments have been stable during that time. Earnings per share has grown by 14% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Annonce • Aug 01
Thejo Engineering Limited announces Annual dividend, payable on September 28, 2025 Thejo Engineering Limited announced Annual dividend of INR 5.0000 per share payable on September 28, 2025, ex-date on August 22, 2025 and record date on August 22, 2025. Valuation Update With 7 Day Price Move • Jul 09
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹2,187, the stock trades at a trailing P/E ratio of 47.2x. Average trailing P/E is 34x in the Machinery industry in India. Total returns to shareholders of 158% over the past three years. Annonce • May 29
Thejo Engineering Limited, Annual General Meeting, Aug 29, 2025 Thejo Engineering Limited, Annual General Meeting, Aug 29, 2025. Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹2,079, the stock trades at a trailing P/E ratio of 47.5x. Average trailing P/E is 32x in the Machinery industry in India. Total returns to shareholders of 107% over the past three years. Board Change • May 08
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Non-Executive Independent Director N. Venkiteswaran was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹1,899, the stock trades at a trailing P/E ratio of 43.3x. Average trailing P/E is 30x in the Machinery industry in India. Total returns to shareholders of 71% over the past three years. Annonce • Feb 17
Thejo Engineering Limited Announces Appointment of Thorsten Wach as President Marketing and Sales, Effective 10 March 2025 Thejo Engineering Limited announced the appointment of Thorsten Wach as President Marketing and Sales under the category of Senior Management Personnel of the Company, with effect from 10th March, 2025, to head the Marketing and Sales functions of the Company. Mr. Thorsten Wach holds a MSc Engineering degree from Hannover University of Applied Sciences and Arts, Hanover, Germany. He has more than three decades of rich international experience and expertise in the fields of sales, marketing, operations, and overall management. He was associated with reputed MNCs in the past and has worked in Americas, Africa, Australia and Europe. Reported Earnings • Feb 08
Third quarter 2025 earnings released: EPS: ₹12.14 (vs ₹16.16 in 3Q 2024) Third quarter 2025 results: EPS: ₹12.14 (down from ₹16.16 in 3Q 2024). Revenue: ₹1.35b (down 9.6% from 3Q 2024). Net income: ₹131.6m (down 24% from 3Q 2024). Profit margin: 9.7% (down from 12% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 13% per year and the company’s share price has also increased by 13% per year. Annonce • Feb 08
Thejo Engineering Limited to Report Q3, 2025 Results on Feb 07, 2025 Thejo Engineering Limited announced that they will report Q3, 2025 results at 12:08 PM, Indian Standard Time on Feb 07, 2025 Buy Or Sell Opportunity • Jan 27
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 23% to ₹1,701. The fair value is estimated to be ₹2,182, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 14%. Reported Earnings • Nov 09
Second quarter 2025 earnings released: EPS: ₹10.99 (vs ₹12.25 in 2Q 2024) Second quarter 2025 results: EPS: ₹10.99 (down from ₹12.25 in 2Q 2024). Revenue: ₹1.37b (up 2.6% from 2Q 2024). Net income: ₹119.1m (down 9.4% from 2Q 2024). Profit margin: 8.7% (down from 9.8% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Aug 15
Upcoming dividend of ₹3.00 per share Eligible shareholders must have bought the stock before 22 August 2024. Payment date: 28 September 2024. Payout ratio is a comfortable 5.8% and this is well supported by cash flows. Trailing yield: 0.1%. Lower than top quartile of Indian dividend payers (1.1%). Lower than average of industry peers (0.7%). Reported Earnings • Aug 01
Full year 2024 earnings released: EPS: ₹51.86 (vs ₹30.35 in FY 2023) Full year 2024 results: EPS: ₹51.86 (up from ₹30.35 in FY 2023). Revenue: ₹5.59b (up 18% from FY 2023). Net income: ₹556.4m (up 72% from FY 2023). Profit margin: 9.9% (up from 6.8% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 02
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹3,495, the stock trades at a trailing P/E ratio of 67.2x. Average trailing P/E is 39x in the Machinery industry in India. Total returns to shareholders of 257% over the past three years. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹2,831, the stock trades at a trailing P/E ratio of 54.4x. Average trailing P/E is 37x in the Machinery industry in India. Total returns to shareholders of 221% over the past three years. Declared Dividend • May 30
Dividend increased to ₹3.00 Dividend of ₹3.00 is 50% higher than last year. Ex-date: 22nd August 2024 Payment date: 28th September 2024 Dividend yield will be 0.1%, which is lower than the industry average of 0.6%. Payout Ratios Payout ratio: 7%. Cash payout ratio: 7%. Reported Earnings • May 29
Full year 2024 earnings released: EPS: ₹51.86 (vs ₹30.35 in FY 2023) Full year 2024 results: EPS: ₹51.86 (up from ₹30.35 in FY 2023). Revenue: ₹5.63b (up 19% from FY 2023). Net income: ₹556.4m (up 72% from FY 2023). Profit margin: 9.9% (up from 6.8% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Apr 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Feb 29
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to ₹2,735, the stock trades at a trailing P/E ratio of 61.2x. Average trailing P/E is 35x in the Machinery industry in India. Total returns to shareholders of 570% over the past three years. Reported Earnings • Feb 14
Third quarter 2024 earnings released: EPS: ₹16.16 (vs ₹6.38 in 3Q 2023) Third quarter 2024 results: EPS: ₹16.16 (up from ₹6.38 in 3Q 2023). Revenue: ₹1.52b (up 25% from 3Q 2023). Net income: ₹173.4m (up 154% from 3Q 2023). Profit margin: 11% (up from 5.6% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 67% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹2,231, the stock trades at a trailing P/E ratio of 60.5x. Average trailing P/E is 31x in the Machinery industry in India. Total returns to shareholders of 456% over the past three years. Upcoming Dividend • Aug 16
Upcoming dividend of ₹2.00 per share at 0.1% yield Eligible shareholders must have bought the stock before 23 August 2023. Payment date: 29 September 2023. Payout ratio is a comfortable 6.6% and this is well supported by cash flows. Trailing yield: 0.1%. Lower than top quartile of Indian dividend payers (1.4%). Lower than average of industry peers (0.8%). Reported Earnings • Aug 13
First quarter 2024 earnings released: EPS: ₹11.85 (vs ₹8.80 in 1Q 2023) First quarter 2024 results: EPS: ₹11.85 (up from ₹8.80 in 1Q 2023). Revenue: ₹1.36b (up 18% from 1Q 2023). Net income: ₹126.8m (up 35% from 1Q 2023). Profit margin: 9.3% (up from 8.1% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 102% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Aug 04
Thejo Engineering Limited acquired an additional 6% stake in Thejo Australia Pty Ltd from Bridgestone Mining Solutions Australia Pty Ltd. Thejo Engineering Limited acquired an additional 6% stake in Thejo Australia Pty Ltd from Bridgestone Mining Solutions Australia Pty Ltd on August 2, 2023. The transaction has been approved by the Board of Directors of Thejo Engineering Limited.Thejo Engineering Limited completed the acquisition of an additional 6% stake in Thejo Australia Pty Ltd from Bridgestone Mining Solutions Australia Pty Ltd on August 2, 2023. Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹1,615, the stock trades at a trailing P/E ratio of 53.1x. Average trailing P/E is 28x in the Machinery industry in India. Total returns to shareholders of 717% over the past three years. Reported Earnings • May 27
Full year 2023 earnings released: EPS: ₹30.35 (vs ₹35.41 in FY 2022) Full year 2023 results: EPS: ₹30.35 (down from ₹35.41 in FY 2022). Revenue: ₹4.78b (up 13% from FY 2022). Net income: ₹324.2m (down 14% from FY 2022). Profit margin: 6.8% (down from 8.9% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 113% per year, which means it is tracking significantly ahead of earnings growth. Annonce • May 26
Thejo Engineering Limited, Annual General Meeting, Aug 30, 2023 Thejo Engineering Limited, Annual General Meeting, Aug 30, 2023. Board Change • Jan 28
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Director Sridhar Ganesh was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 18
First half 2023 earnings released: EPS: ₹17.59 (vs ₹16.32 in 1H 2022) First half 2023 results: EPS: ₹17.59 (up from ₹16.32 in 1H 2022). Revenue: ₹2.32b (up 15% from 1H 2022). Net income: ₹187.6m (up 8.4% from 1H 2022). Profit margin: 8.1% (down from 8.6% in 1H 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 89% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 29
Investor sentiment improved over the past week After last week's 27% share price gain to ₹1,127, the stock trades at a trailing P/E ratio of 31.6x. Average trailing P/E is 25x in the Machinery industry in India. Total returns to shareholders of 578% over the past three years. Upcoming Dividend • Aug 11
Upcoming dividend of ₹2.00 per share Eligible shareholders must have bought the stock before 18 August 2022. Payment date: 26 September 2022. Payout ratio is a comfortable 5.6% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.7%). Lower than average of industry peers (0.7%). Annonce • Aug 02
Thejo Engineering Limited, Annual General Meeting, Aug 27, 2022 Thejo Engineering Limited, Annual General Meeting, Aug 27, 2022, at 10:45 Indian Standard Time. Location: The Music Academy, Kasturi Srinivasan Hall (Mini Hall), New No. 168, T.T.K. Road, Royapettah Chennai Tamil Nadu India Valuation Update With 7 Day Price Move • Jul 25
Investor sentiment improved over the past week After last week's 18% share price gain to ₹1,007, the stock trades at a trailing P/E ratio of 28.2x. Average trailing P/E is 25x in the Machinery industry in India. Total returns to shareholders of 481% over the past three years. Reported Earnings • May 30
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: ₹35.41 (up from ₹26.23 in FY 2021). Revenue: ₹4.24b (up 30% from FY 2021). Net income: ₹376.3m (up 37% from FY 2021). Profit margin: 8.9% (up from 8.4% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 18%. Earnings per share (EPS) missed analyst estimates by 54%. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 77% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improved over the past week After last week's 17% share price gain to ₹1,165, the stock trades at a trailing P/E ratio of 35.4x. Average trailing P/E is 24x in the Machinery industry in India. Total returns to shareholders of 537% over the past three years. Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment improved over the past week After last week's 20% share price gain to ₹1,094, the stock trades at a trailing P/E ratio of 33.2x. Average trailing P/E is 21x in the Machinery industry in India. Total returns to shareholders of 458% over the past three years. Valuation Update With 7 Day Price Move • Oct 22
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₹1,034, the stock trades at a trailing P/E ratio of 39.8x. Average trailing P/E is 24x in the Machinery industry in India. Total returns to shareholders of 486% over the past three years. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improved over the past week After last week's 28% share price gain to ₹3,336, the stock trades at a trailing P/E ratio of 42.8x. Average trailing P/E is 23x in the Machinery industry in India. Total returns to shareholders of 444% over the past three years. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improved over the past week After last week's 15% share price gain to ₹1,349, the stock trades at a trailing P/E ratio of 22.9x. Average trailing P/E is 23x in the Machinery industry in India. Total returns to shareholders of 197% over the past three years. Is New 90 Day High Low • Feb 09
New 90-day high: ₹1,396 The company is up 5.0% from its price of ₹1,324 on 11 November 2020. The Indian market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 36% over the same period. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment improved over the past week After last week's 16% share price gain to ₹1,238, the stock is trading at a trailing P/E ratio of 21x, up from the previous P/E ratio of 18.2x. This compares to an average P/E of 21x in the Machinery industry in India. Total returns to shareholders over the past three years are 117%. Is New 90 Day High Low • Dec 16
New 90-day low: ₹1,070 The company is down 4.0% from its price of ₹1,119 on 16 September 2020. The Indian market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 11% over the same period. Recent Insider Transactions • Dec 02
Insider recently sold ₹731k worth of stock On the 25th of November, Shibu Joseph sold around 600 shares on-market at roughly ₹1,219 per share. In the last 3 months, there was an even bigger sale from another insider worth ₹1.5m. Insiders have been net sellers, collectively disposing of ₹12m more than they bought in the last 12 months. Recent Insider Transactions • Nov 22
Insider recently sold ₹1.3m worth of stock On the 19th of November, K. Raja sold around 1k shares on-market at roughly ₹1,281 per share. In the last 3 months, there was an even bigger sale from another insider worth ₹1.5m. Insiders have been net sellers, collectively disposing of ₹6.8m more than they bought in the last 12 months. Is New 90 Day High Low • Oct 20
New 90-day high: ₹1,432 The company is up 165% from its price of ₹540 on 22 July 2020. The Indian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 7.0% over the same period. Recent Insider Transactions • Oct 04
Insider recently sold ₹1.5m worth of stock On the 29th of September, Shine James sold around 2k shares on-market at roughly ₹860 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹3.3m more than they bought in the last 12 months. Recent Insider Transactions • Sep 25
Vice President of HR & Administration recently sold ₹220k worth of stock On the 17th of September, Thomas Abraham sold around 200 shares on-market at roughly ₹1,100 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Annonce • Jul 17
Thejo Engineering Limited Announces Resumption of Manufacturing In continuation to Thejo Engineering Limited's letter dated March 23, 2020, and April 7, 2020, Thejo Engineering Limited informed that based on the relaxations and updated guidelines issued by the Ministry of Home Affairs and by the Government of Tamil Nadu, the Company has resumed the operations at its Manufacturing Units in a phased manner with minimum workforce. Based on the evolving situation, the Company shall be ramping up the operations, within the permitted limits, if any. The Services and Operation & Maintenance divisions of the Company cater to the power plants and other continuous process plants, which are treated as essential items/services/continuous process plants and hence are continuing to serve the customers at their sites complying with the applicable regulatory guidelines.