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THEJ

Thejo Engineering NSEI:THEJO Stock Report

Last Price

₹850.00

Market Cap

₹9.0b

7D

-4.2%

1Y

3.9%

Updated

26 Jun, 2022

Data

Company Financials
THEJO fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends2/6

THEJO Stock Overview

Thejo Engineering Limited designs, manufactures, markets, and services rubber and polyurethane based engineering products for belt conveyor based bulk material handling systems, mineral processing, and corrosion protection applications in India and internationally.

Thejo Engineering Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Thejo Engineering
Historical stock prices
Current Share Price₹850.00
52 Week High₹1,398.00
52 Week Low₹741.67
Beta0.37
1 Month Change-10.53%
3 Month Change-23.77%
1 Year Change3.94%
3 Year Change400.00%
5 Year Changen/a
Change since IPO630.24%

Recent News & Updates

Mar 14
Thejo Engineering (NSE:THEJO) Is Very Good At Capital Allocation

Thejo Engineering (NSE:THEJO) Is Very Good At Capital Allocation

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...

Feb 15
I Ran A Stock Scan For Earnings Growth And Thejo Engineering (NSE:THEJO) Passed With Ease

I Ran A Stock Scan For Earnings Growth And Thejo Engineering (NSE:THEJO) Passed With Ease

It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...

Nov 30
Investors Should Be Encouraged By Thejo Engineering's (NSE:THEJO) Returns On Capital

Investors Should Be Encouraged By Thejo Engineering's (NSE:THEJO) Returns On Capital

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'd want to...

Shareholder Returns

THEJOIN MachineryIN Market
7D-4.2%2.2%2.3%
1Y3.9%22.8%-0.9%

Return vs Industry: THEJO underperformed the Indian Machinery industry which returned 22.8% over the past year.

Return vs Market: THEJO exceeded the Indian Market which returned -0.9% over the past year.

Price Volatility

Is THEJO's price volatile compared to industry and market?
THEJO volatility
THEJO Average Weekly Movement7.3%
Machinery Industry Average Movement6.5%
Market Average Movement6.9%
10% most volatile stocks in IN Market9.9%
10% least volatile stocks in IN Market4.5%

Stable Share Price: THEJO is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: THEJO's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19741,293Manoj Josephhttps://www.thejo-engg.com

Thejo Engineering Limited designs, manufactures, markets, and services rubber and polyurethane based engineering products for belt conveyor based bulk material handling systems, mineral processing, and corrosion protection applications in India and internationally. The company provides conveyor care products, including belt conveyor splicing and repair chemicals, vulcanizing equipment, handling equipment, pulley protection, and splicing and repair tools; and transfer point solutions, such as belt cleaners and trackers, impact cushion pads, skirt sealing systems, and engineered chutes, as well as services. It offers dust suppression products comprising high pressure fogging systems; flow promotion products that include G force and BAZOOKA air blasters; abrasion and wear protection products and services, such as mill liners, bulk flow chutes, wear resistant panels and sheetings, pump spares, rubber hoses and fittings, and rubber lined pipes and fittings; screening solutions and services consisting of scalping and sizing, dewatering, flip flow, trommels, and grator screening medias; filtration products and services covering rubber, engineered plastic, and metallic spares; corrosion protection products comprising rubber sheetings, primers adhesives and repair putties, expansion joints and bellows, and PTFE linings and bellows, as well as fabrication and lining services; and specialty products.

Thejo Engineering Fundamentals Summary

How do Thejo Engineering's earnings and revenue compare to its market cap?
THEJO fundamental statistics
Market Cap₹8.97b
Earnings (TTM)₹376.30m
Revenue (TTM)₹4.24b

23.8x

P/E Ratio

2.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
THEJO income statement (TTM)
Revenue₹4.24b
Cost of Revenue₹963.23m
Gross Profit₹3.28b
Other Expenses₹2.91b
Earnings₹376.30m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)35.67
Gross Margin77.31%
Net Profit Margin8.87%
Debt/Equity Ratio9.0%

How did THEJO perform over the long term?

See historical performance and comparison

Dividends

0.2%

Current Dividend Yield

6%

Payout Ratio

Does THEJO pay a reliable dividends?

See THEJO dividend history and benchmarks
When do you need to buy THEJO by to receive an upcoming dividend?
Thejo Engineering dividend dates
Ex Dividend DateAug 18 2022
Dividend Pay DateSep 26 2022
Days until Ex dividend53 days
Days until Dividend pay date92 days

Does THEJO pay a reliable dividends?

See THEJO dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

THEJO 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/Revenue2.1x
Enterprise Value/EBITDA13.2x
PEG Ration/a

Price to Earnings Ratio vs Peers

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

THEJO PE Ratio vs Peers
The above table shows the PE ratio for THEJO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average22.6x

Price-To-Earnings vs Peers: THEJO is expensive based on its Price-To-Earnings Ratio (23.8x) compared to the peer average (22.6x).


Price to Earnings Ratio vs Industry

How does THEJO's PE Ratio compare vs other companies in the Indian Machinery Industry?

Price-To-Earnings vs Industry: THEJO is good value based on its Price-To-Earnings Ratio (23.8x) compared to the Indian Machinery industry average (24.1x)


Price to Earnings Ratio vs Fair Ratio

What is THEJO'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.

THEJO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio23.8x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate THEJO's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

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

Below Fair Value: THEJO (₹850) is trading above our estimate of fair value (₹26.53)

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


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate THEJO's PEG Ratio to determine if it is good value.


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Future Growth

How is Thejo Engineering forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


19.0%

Forecasted Capital Goods industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Thejo Engineering has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

Past Performance

How has Thejo Engineering performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


27.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: THEJO has high quality earnings.

Growing Profit Margin: THEJO's current net profit margins (8.9%) are higher than last year (8.4%).


Past Earnings Growth Analysis

Earnings Trend: THEJO's earnings have grown significantly by 27% per year over the past 5 years.

Accelerating Growth: THEJO's earnings growth over the past year (37.3%) exceeds its 5-year average (27% per year).

Earnings vs Industry: THEJO earnings growth over the past year (37.3%) underperformed the Machinery industry 42.4%.


Return on Equity

High ROE: THEJO's Return on Equity (22.9%) is considered high.


Discover strong past performing companies

Financial Health

How is Thejo Engineering's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: THEJO's short term assets (₹2.3B) exceed its short term liabilities (₹796.8M).

Long Term Liabilities: THEJO's short term assets (₹2.3B) exceed its long term liabilities (₹375.4M).


Debt to Equity History and Analysis

Debt Level: THEJO has more cash than its total debt.

Reducing Debt: THEJO's debt to equity ratio has reduced from 70.6% to 9% over the past 5 years.

Debt Coverage: THEJO's debt is well covered by operating cash flow (164.1%).

Interest Coverage: THEJO's interest payments on its debt are well covered by EBIT (18.5x coverage).


Balance Sheet


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Dividend

What is Thejo Engineering current dividend yield, its reliability and sustainability?

Dividend Score

1/6

Dividend Score 1/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


0.24%

Current Dividend Yield

Upcoming Dividend Payment

TodayJun 26 2022Ex Dividend DateAug 18 2022Dividend Pay DateSep 26 202239 days from Ex DividendBuy in the next 53 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: THEJO's dividend (0.24%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.43%).

High Dividend: THEJO's dividend (0.24%) is low compared to the top 25% of dividend payers in the Indian market (1.89%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, THEJO has been paying a dividend for less than 10 years.

Growing Dividend: THEJO's dividend payments have increased, but the company has only paid a dividend for 4 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (5.6%), THEJO's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (16.7%), THEJO's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

3.1yrs

Average management tenure


CEO

Manoj Joseph (50 yo)

2yrs

Tenure

₹5,671,000

Compensation

Mr. Manoj Joseph has been an Whole-Time Director at Thejo Engineering Limited since October 4, 2001 and serves as its Managing Director and Chief Operation Officer since June 20, 2020 and served as its Dir...


CEO Compensation Analysis

Compensation vs Market: Manoj's total compensation ($USD72.45K) is above average for companies of similar size in the Indian market ($USD38.38K).

Compensation vs Earnings: Manoj's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: THEJO's management team is considered experienced (3.1 years average tenure).


Board Members

Experienced Board: THEJO's board of directors are seasoned and experienced ( 10.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Thejo Engineering Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Thejo Engineering Limited
  • Ticker: THEJO
  • Exchange: NSEI
  • Founded: 1974
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Implied Market Cap: ₹8.967b
  • Shares outstanding: 10.55m
  • Website: https://www.thejo-engg.com

Number of Employees


Location

  • Thejo Engineering Limited
  • V D Swami Building
  • 3rd Floor
  • Chennai
  • Tamil Nadu
  • 600086
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/26 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/03/31
Annual Earnings2022/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.