Tega Industries Valuation

Q: What is the Fair Price of TEGA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

TEGA (₹1716.2) is trading above our estimate of [[fair value]] (₹830.86)

Is TEGA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of TEGA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TEGA (₹1716.2) is trading above our estimate of fair value (₹830.86)

Significantly Below Fair Value: TEGA is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TEGA?

Key metric: As TEGA is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for TEGA. This is calculated by dividing TEGA's market cap by their current earnings.
What is TEGA's PE Ratio?
PE Ratio	67.5x
Earnings	₹1.69b
Market Cap	₹114.19b

TEGA key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	7.4x
Enterprise Value/EBITDA	41.2x
PEG Ratio	1.9x

Price to Earnings Ratio vs Peers

How does TEGA's PE Ratio compare to its peers?

The above table shows the PE ratio for TEGA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	47.5x
520113 Vesuvius India	40.9x	14.6%	₹106.9b
500249 KSB	64.4x	25.4%	₹145.1b
531431 Shakti Pumps (India)	30.3x	n/a	₹99.5b
ESABINDIA ESAB India	54.5x	n/a	₹92.6b
TEGA Tega Industries	67.5x	35.8%	₹114.2b

Price-To-Earnings vs Peers: TEGA is expensive based on its Price-To-Earnings Ratio (67.5x) compared to the peer average (47.5x).

Price to Earnings Ratio vs Industry

How does TEGA's PE Ratio compare vs other companies in the IN Machinery Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap
504220 W.S. Industries (India)	4.8x	n/a	US$86.85m

No more companies available in this PE range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: TEGA is expensive based on its Price-To-Earnings Ratio (67.5x) compared to the Indian Machinery industry average (35.8x).

Price to Earnings Ratio vs Fair Ratio

What is TEGA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TEGA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	67.5x
Fair PE Ratio	53.6x

Price-To-Earnings vs Fair Ratio: TEGA is expensive based on its Price-To-Earnings Ratio (67.5x) compared to the estimated Fair Price-To-Earnings Ratio (53.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst TEGA forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	₹1,716.20	₹2,040.00 +18.9%	5.9%	₹2,150.00	₹1,841.00	n/a	4
Nov ’25	₹1,921.65	₹1,996.25 +3.9%	3.3%	₹2,077.00	₹1,893.00	n/a	4
Oct ’25	₹1,974.45	₹1,996.25 +1.1%	3.3%	₹2,077.00	₹1,893.00	n/a	4
Sep ’25	₹1,707.05	₹1,996.25 +16.9%	3.3%	₹2,077.00	₹1,893.00	n/a	4
Aug ’25	₹1,876.70	₹1,757.50 -6.4%	7.6%	₹1,962.00	₹1,603.00	n/a	4
Jul ’25	₹1,633.60	₹1,757.50 +7.6%	7.6%	₹1,962.00	₹1,603.00	n/a	4
Jun ’25	₹1,488.05	₹1,757.50 +18.1%	7.6%	₹1,962.00	₹1,603.00	n/a	4
May ’25	₹1,498.05	₹1,411.75 -5.8%	10.4%	₹1,625.00	₹1,275.00	n/a	4
Apr ’25	₹1,292.30	₹1,411.75 +9.2%	10.4%	₹1,625.00	₹1,275.00	n/a	4
Mar ’25	₹1,175.85	₹1,275.50 +8.5%	0.04%	₹1,276.00	₹1,275.00	n/a	2
Feb ’25	₹1,142.85	₹1,188.00 +4.0%	3.6%	₹1,231.00	₹1,145.00	n/a	2
Jan ’25	₹1,192.25	₹1,188.00 -0.4%	3.6%	₹1,231.00	₹1,145.00	n/a	2

Analyst Forecast: Target price is less than 20% higher than the current share price.

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