Thejo Engineering Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: April 24, 2025, 8:50 pm

Market Cap	2,002 Cr.
Current Price	1,846
High / Low	3,708/1,446
Stock P/E	42.5
Book Value	250
Dividend Yield	0.16 %
ROCE	28.3 %
ROE	24.6 %
Face Value	10.0
PEG Ratio	3.67

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Thejo Engineering Ltd

Competitors of Thejo Engineering Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Miven Machine Tools Ltd	28.2 Cr.	93.8	126/67.0		17.8	0.00 %	%	%	10.0
Incon Engineers Ltd	6.65 Cr.	15.4	24.8/10.9		0.44	0.00 %	72.7 %	162 %	10.0
Hittco Tools Ltd	7.67 Cr.	12.4	16.0/9.64		4.30	0.00 %	7.27 %	5.66 %	10.0
Harshil Agrotech Ltd	203 Cr.	2.86	19.3/1.43	18.1	0.86	0.00 %	16.4 %	13.5 %	1.00
Gujarat Toolroom Ltd	210 Cr.	1.51	4.11/1.33	2.01	1.24	11.0 %	179 %	170 %	1.00
Industry Average	3,443.89 Cr	451.95		41.98	120.66	0.53%	29.31%	27.16%	6.30

All Competitor Stocks of Thejo Engineering Ltd

Quarterly Result

Metric	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	111	119	122	122	135	134	150	141	131	133	136
Expenses	92	104	107	112	112	111	121	115	112	117	111
Operating Profit	19	15	15	10	23	23	29	26	18	17	24
OPM %	17%	13%	12%	8%	17%	17%	19%	18%	14%	13%	18%
Other Income	0	1	1	1	1	0	2	-0	1	4	-0
Interest	1	1	1	1	2	2	2	1	1	1	1
Depreciation	3	3	3	3	5	5	5	6	4	5	5
Profit before tax	16	12	12	6	17	17	24	18	13	15	18
Tax %	25%	23%	23%	24%	23%	20%	22%	25%	27%	16%	24%
Net Profit	12	9	9	5	14	14	19	13	10	12	14
EPS in Rs	9.82	7.75	8.38	4.39	11.84	12.25	16.15	11.59	8.85	10.98	12.13

Last Updated: February 28, 2025, 4:36 pm

Below is a detailed analysis of the quarterly data for Thejo Engineering Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is 136.00 Cr.. The value appears strong and on an upward trend. It has increased from 133.00 Cr. (Sep 2024) to 136.00 Cr., marking an increase of 3.00 Cr..
For Expenses, as of Dec 2024, the value is 111.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 117.00 Cr. (Sep 2024) to 111.00 Cr., marking a decrease of 6.00 Cr..
For Operating Profit, as of Dec 2024, the value is 24.00 Cr.. The value appears strong and on an upward trend. It has increased from 17.00 Cr. (Sep 2024) to 24.00 Cr., marking an increase of 7.00 Cr..
For OPM %, as of Dec 2024, the value is 18.00%. The value appears strong and on an upward trend. It has increased from 13.00% (Sep 2024) to 18.00%, marking an increase of 5.00%.
For Other Income, as of Dec 2024, the value is 0.00 Cr.. The value appears to be declining and may need further review. It has decreased from 4.00 Cr. (Sep 2024) to 0.00 Cr., marking a decrease of 4.00 Cr..
For Interest, as of Dec 2024, the value is 1.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 1.00 Cr..
For Depreciation, as of Dec 2024, the value is 5.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 5.00 Cr..
For Profit before tax, as of Dec 2024, the value is 18.00 Cr.. The value appears strong and on an upward trend. It has increased from 15.00 Cr. (Sep 2024) to 18.00 Cr., marking an increase of 3.00 Cr..
For Tax %, as of Dec 2024, the value is 24.00%. The value appears to be increasing, which may not be favorable. It has increased from 16.00% (Sep 2024) to 24.00%, marking an increase of 8.00%.
For Net Profit, as of Dec 2024, the value is 14.00 Cr.. The value appears strong and on an upward trend. It has increased from 12.00 Cr. (Sep 2024) to 14.00 Cr., marking an increase of 2.00 Cr..
For EPS in Rs, as of Dec 2024, the value is 12.13. The value appears strong and on an upward trend. It has increased from 10.98 (Sep 2024) to 12.13, marking an increase of 1.15.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 6, 2025, 2:35 pm

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	126	147	186	175	178	220	229	303	327	424	474	559	540
Expenses	110	133	175	162	158	192	197	254	276	355	414	458	455
Operating Profit	16	14	11	13	20	27	31	49	50	69	60	100	85
OPM %	13%	9%	6%	7%	11%	12%	14%	16%	15%	16%	13%	18%	16%
Other Income	2	1	1	0	0	1	1	0	3	1	3	3	4
Interest	4	5	6	6	6	6	5	5	4	3	5	6	5
Depreciation	3	4	6	6	5	5	6	6	9	11	12	20	20
Profit before tax	12	6	0	1	9	17	22	38	41	56	46	77	64
Tax %	34%	79%	1,240%	149%	34%	23%	31%	21%	27%	24%	24%	23%
Net Profit	8	1	-2	-1	6	13	15	30	29	43	35	59	49
EPS in Rs	7.49	3.04	-0.22	0.20	5.59	10.73	12.97	24.17	25.19	35.31	30.30	51.69	43.55
Dividend Payout %	11%	38%	-522%	572%	21%	12%	13%	7%	8%	6%	7%	6%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	-87.50%	-300.00%	50.00%	700.00%	116.67%	15.38%	100.00%	-3.33%	48.28%	-18.60%	68.57%
Change in YoY Net Profit Growth (%)	0.00%	-212.50%	350.00%	650.00%	-583.33%	-101.28%	84.62%	-103.33%	51.61%	-66.88%	87.18%

Thejo Engineering Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	14%
5 Years:	20%
3 Years:	20%
TTM:	0%

Compounded Profit Growth
10 Years:	45%
5 Years:	33%
3 Years:	28%
TTM:	-1%

Stock Price CAGR
10 Years:	%
5 Years:	73%
3 Years:	16%
1 Year:	-40%

Return on Equity
10 Years:	20%
5 Years:	23%
3 Years:	23%
Last Year:	25%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 6:42 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	2	3	3	3	3	3	3	3	4	11	11	11	11
Reserves	49	50	48	46	52	62	74	98	125	154	186	240	260
Borrowings	26	31	37	39	41	34	31	36	18	38	45	43	41
Other Liabilities	41	50	60	54	41	54	60	79	94	98	121	119	113
Total Liabilities	118	135	148	143	138	153	169	216	240	301	362	412	425
Fixed Assets	23	33	31	30	29	32	34	32	46	66	112	108	107
CWIP	0	1	0	0	1	1	0	0	1	1	2	2	2
Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	95	101	116	112	108	119	135	184	193	234	249	301	316
Total Assets	118	135	148	143	138	153	169	216	240	301	362	412	425

Below is a detailed analysis of the balance sheet data for Thejo Engineering Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹11.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 11.00 Cr..
For Reserves, as of Sep 2024, the value is ₹260.00 Cr.. The value appears strong and on an upward trend. It has increased from 240.00 Cr. (Mar 2024) to ₹260.00 Cr., marking an increase of 20.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹41.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 43.00 Cr. (Mar 2024) to ₹41.00 Cr., marking a decrease of 2.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹113.00 Cr.. The value appears to be improving (decreasing). It has decreased from 119.00 Cr. (Mar 2024) to ₹113.00 Cr., marking a decrease of 6.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹425.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 412.00 Cr. (Mar 2024) to ₹425.00 Cr., marking an increase of 13.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹107.00 Cr.. The value appears to be declining and may need further review. It has decreased from 108.00 Cr. (Mar 2024) to ₹107.00 Cr., marking a decrease of 1.00 Cr..
For CWIP, as of Sep 2024, the value is ₹2.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 2.00 Cr..
For Investments, as of Sep 2024, the value is ₹0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 0.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹316.00 Cr.. The value appears strong and on an upward trend. It has increased from 301.00 Cr. (Mar 2024) to ₹316.00 Cr., marking an increase of 15.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹425.00 Cr.. The value appears strong and on an upward trend. It has increased from 412.00 Cr. (Mar 2024) to ₹425.00 Cr., marking an increase of 13.00 Cr..

Notably, the Reserves (260.00 Cr.) exceed the Borrowings (41.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	0	5	1	4	12	24	20	19	52	27	59	52
Cash from Investing Activity +	-10	-13	-4	-4	-5	-8	-6	-5	-13	-15	-51	-19
Cash from Financing Activity +	19	4	4	-4	-4	-15	-9	-2	-31	-0	-8	-15
Net Cash Flow	10	-4	1	-4	3	1	5	13	8	13	0	17

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-10.00	-17.00	-26.00	-26.00	-21.00	-7.00	0.00	13.00	32.00	31.00	15.00	57.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	117	115	108	112	120	109	102	122	104	92	83	89
Inventory Days	133	117	110	281	221	196	315	229	214	198	201	194
Days Payable	131	107	131	193	185	155	207	178	223	131	161	126
Cash Conversion Cycle	119	124	87	200	157	150	210	173	94	159	123	156
Working Capital Days	99	91	82	94	105	82	96	95	82	88	76	88
ROCE %	25%	13%	7%	8%	16%	22%	24%	33%	28%	31%	21%	28%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2021	Sep 2021	Oct 2021	Mar 2022	Sep 2022	Mar 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoters	55.32%	54.84%	54.84%	54.71%	54.44%	54.34%	54.22%	54.15%	54.02%	53.64%	53.63%	53.62%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.14%	0.00%	0.00%	0.49%	0.12%	0.23%	0.66%
DIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.45%	0.72%	0.72%	0.76%	0.89%	2.41%	2.45%
Public	44.67%	45.16%	45.16%	45.30%	45.56%	45.07%	45.06%	45.13%	44.72%	45.36%	43.72%	43.27%
No. of Shareholders	608	775	879	1,038	1,220	1,156	1,449	3,611	4,342	5,468	7,249	7,743

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	51.86	30.35	35.41	25.31	72.91
Diluted EPS (Rs.)	51.43	30.00	34.92	24.92	72.20
Cash EPS (Rs.)	74.16	43.91	49.77	108.66	106.04
Book Value[Excl.RevalReserv]/Share (Rs.)	253.21	205.11	174.24	409.46	326.69
Book Value[Incl.RevalReserv]/Share (Rs.)	253.21	205.11	174.24	409.46	326.69
Revenue From Operations / Share (Rs.)	519.68	443.38	398.29	930.13	878.22
PBDIT / Share (Rs.)	96.15	58.47	65.64	150.67	142.60
PBIT / Share (Rs.)	77.16	47.08	55.76	125.75	124.30
PBT / Share (Rs.)	71.19	42.77	52.81	115.25	111.03
Net Profit / Share (Rs.)	55.17	32.52	39.89	83.74	87.74
NP After MI And SOA / Share (Rs.)	51.69	30.29	35.31	75.23	72.64
PBDIT Margin (%)	18.50	13.18	16.48	16.19	16.23
PBIT Margin (%)	14.84	10.61	14.00	13.51	14.15
PBT Margin (%)	13.69	9.64	13.25	12.39	12.64
Net Profit Margin (%)	10.61	7.33	10.01	9.00	9.99
NP After MI And SOA Margin (%)	9.94	6.83	8.86	8.08	8.27
Return on Networth / Equity (%)	22.23	16.51	22.80	20.57	24.82
Return on Capital Employeed (%)	26.71	19.26	26.62	28.05	34.32
Return On Assets (%)	13.44	8.89	12.42	10.96	11.70
Long Term Debt / Equity (X)	0.03	0.05	0.07	0.03	0.11
Total Debt / Equity (X)	0.05	0.08	0.10	0.07	0.29
Asset Turnover Ratio (%)	1.44	1.42	1.16	1.05	1.19
Current Ratio (X)	2.89	2.39	2.86	2.25	1.98
Quick Ratio (X)	2.28	1.82	2.20	1.79	1.60
Inventory Turnover Ratio (X)	1.95	1.99	1.92	1.33	1.36
Dividend Payout Ratio (NP) (%)	3.85	6.58	5.64	6.55	6.85
Dividend Payout Ratio (CP) (%)	2.81	4.78	4.41	4.92	5.47
Earning Retention Ratio (%)	96.15	93.42	94.36	93.45	93.15
Cash Earning Retention Ratio (%)	97.19	95.22	95.59	95.08	94.53
Interest Coverage Ratio (X)	16.10	13.58	22.21	14.35	10.74
Interest Coverage Ratio (Post Tax) (X)	10.24	8.55	14.50	8.97	7.61
Enterprise Value (Cr.)	2600.66	1406.59	1268.64	399.08	169.15
EV / Net Operating Revenue (X)	4.65	2.96	2.99	1.22	0.55
EV / EBITDA (X)	25.13	22.48	18.13	7.53	3.43
MarketCap / Net Operating Revenue (X)	4.71	2.99	3.02	1.26	0.51
Retention Ratios (%)	96.14	93.41	94.35	93.44	93.14
Price / BV (X)	10.52	7.23	7.77	3.20	1.54
Price / Net Operating Revenue (X)	4.71	2.99	3.02	1.26	0.51
EarningsYield	0.02	0.02	0.02	0.06	0.16

After reviewing the key financial ratios for Thejo Engineering Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 10.00.
For Basic EPS (Rs.), as of Mar 24, the value is 51.86. This value is within the healthy range. It has increased from 30.35 (Mar 23) to 51.86, marking an increase of 21.51.
For Diluted EPS (Rs.), as of Mar 24, the value is 51.43. This value is within the healthy range. It has increased from 30.00 (Mar 23) to 51.43, marking an increase of 21.43.
For Cash EPS (Rs.), as of Mar 24, the value is 74.16. This value is within the healthy range. It has increased from 43.91 (Mar 23) to 74.16, marking an increase of 30.25.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 253.21. It has increased from 205.11 (Mar 23) to 253.21, marking an increase of 48.10.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 253.21. It has increased from 205.11 (Mar 23) to 253.21, marking an increase of 48.10.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 519.68. It has increased from 443.38 (Mar 23) to 519.68, marking an increase of 76.30.
For PBDIT / Share (Rs.), as of Mar 24, the value is 96.15. This value is within the healthy range. It has increased from 58.47 (Mar 23) to 96.15, marking an increase of 37.68.
For PBIT / Share (Rs.), as of Mar 24, the value is 77.16. This value is within the healthy range. It has increased from 47.08 (Mar 23) to 77.16, marking an increase of 30.08.
For PBT / Share (Rs.), as of Mar 24, the value is 71.19. This value is within the healthy range. It has increased from 42.77 (Mar 23) to 71.19, marking an increase of 28.42.
For Net Profit / Share (Rs.), as of Mar 24, the value is 55.17. This value is within the healthy range. It has increased from 32.52 (Mar 23) to 55.17, marking an increase of 22.65.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 51.69. This value is within the healthy range. It has increased from 30.29 (Mar 23) to 51.69, marking an increase of 21.40.
For PBDIT Margin (%), as of Mar 24, the value is 18.50. This value is within the healthy range. It has increased from 13.18 (Mar 23) to 18.50, marking an increase of 5.32.
For PBIT Margin (%), as of Mar 24, the value is 14.84. This value is within the healthy range. It has increased from 10.61 (Mar 23) to 14.84, marking an increase of 4.23.
For PBT Margin (%), as of Mar 24, the value is 13.69. This value is within the healthy range. It has increased from 9.64 (Mar 23) to 13.69, marking an increase of 4.05.
For Net Profit Margin (%), as of Mar 24, the value is 10.61. This value exceeds the healthy maximum of 10. It has increased from 7.33 (Mar 23) to 10.61, marking an increase of 3.28.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 9.94. This value is within the healthy range. It has increased from 6.83 (Mar 23) to 9.94, marking an increase of 3.11.
For Return on Networth / Equity (%), as of Mar 24, the value is 22.23. This value is within the healthy range. It has increased from 16.51 (Mar 23) to 22.23, marking an increase of 5.72.
For Return on Capital Employeed (%), as of Mar 24, the value is 26.71. This value is within the healthy range. It has increased from 19.26 (Mar 23) to 26.71, marking an increase of 7.45.
For Return On Assets (%), as of Mar 24, the value is 13.44. This value is within the healthy range. It has increased from 8.89 (Mar 23) to 13.44, marking an increase of 4.55.
For Long Term Debt / Equity (X), as of Mar 24, the value is 0.03. This value is below the healthy minimum of 0.2. It has decreased from 0.05 (Mar 23) to 0.03, marking a decrease of 0.02.
For Total Debt / Equity (X), as of Mar 24, the value is 0.05. This value is within the healthy range. It has decreased from 0.08 (Mar 23) to 0.05, marking a decrease of 0.03.
For Asset Turnover Ratio (%), as of Mar 24, the value is 1.44. It has increased from 1.42 (Mar 23) to 1.44, marking an increase of 0.02.
For Current Ratio (X), as of Mar 24, the value is 2.89. This value is within the healthy range. It has increased from 2.39 (Mar 23) to 2.89, marking an increase of 0.50.
For Quick Ratio (X), as of Mar 24, the value is 2.28. This value exceeds the healthy maximum of 2. It has increased from 1.82 (Mar 23) to 2.28, marking an increase of 0.46.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 1.95. This value is below the healthy minimum of 4. It has decreased from 1.99 (Mar 23) to 1.95, marking a decrease of 0.04.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 3.85. This value is below the healthy minimum of 20. It has decreased from 6.58 (Mar 23) to 3.85, marking a decrease of 2.73.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 2.81. This value is below the healthy minimum of 20. It has decreased from 4.78 (Mar 23) to 2.81, marking a decrease of 1.97.
For Earning Retention Ratio (%), as of Mar 24, the value is 96.15. This value exceeds the healthy maximum of 70. It has increased from 93.42 (Mar 23) to 96.15, marking an increase of 2.73.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 97.19. This value exceeds the healthy maximum of 70. It has increased from 95.22 (Mar 23) to 97.19, marking an increase of 1.97.
For Interest Coverage Ratio (X), as of Mar 24, the value is 16.10. This value is within the healthy range. It has increased from 13.58 (Mar 23) to 16.10, marking an increase of 2.52.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 10.24. This value is within the healthy range. It has increased from 8.55 (Mar 23) to 10.24, marking an increase of 1.69.
For Enterprise Value (Cr.), as of Mar 24, the value is 2,600.66. It has increased from 1,406.59 (Mar 23) to 2,600.66, marking an increase of 1,194.07.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 4.65. This value exceeds the healthy maximum of 3. It has increased from 2.96 (Mar 23) to 4.65, marking an increase of 1.69.
For EV / EBITDA (X), as of Mar 24, the value is 25.13. This value exceeds the healthy maximum of 15. It has increased from 22.48 (Mar 23) to 25.13, marking an increase of 2.65.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 4.71. This value exceeds the healthy maximum of 3. It has increased from 2.99 (Mar 23) to 4.71, marking an increase of 1.72.
For Retention Ratios (%), as of Mar 24, the value is 96.14. This value exceeds the healthy maximum of 70. It has increased from 93.41 (Mar 23) to 96.14, marking an increase of 2.73.
For Price / BV (X), as of Mar 24, the value is 10.52. This value exceeds the healthy maximum of 3. It has increased from 7.23 (Mar 23) to 10.52, marking an increase of 3.29.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 4.71. This value exceeds the healthy maximum of 3. It has increased from 2.99 (Mar 23) to 4.71, marking an increase of 1.72.
For EarningsYield, as of Mar 24, the value is 0.02. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 23) which recorded 0.02.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Thejo Engineering Ltd as of April 25, 2025 is: 2,094.35

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of April 25, 2025, Thejo Engineering Ltd is Undervalued by 13.45% compared to the current share price 1,846.00

Intrinsic Value of Thejo Engineering Ltd as of April 25, 2025 is: 2,336.69

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of April 25, 2025, Thejo Engineering Ltd is Undervalued by 26.58% compared to the current share price 1,846.00

Last 5 Year EPS CAGR: 11.57%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 21.33%, which is a positive sign. The company has higher reserves (111.08 cr) compared to borrowings (35.38 cr), indicating strong financial stability. The company has shown consistent growth in sales (299.08 cr) and profit (29.92 cr) over the years.	The stock has a high average Working Capital Days of 89.83, which may not be favorable. The stock has a high average Cash Conversion Cycle of 146.00, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Thejo Engineering Ltd:
1. Net Profit Margin: 10.61%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 26.71% (Industry Average ROCE: 29.31%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 22.23% (Industry Average ROE: 27.16%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 10.24
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 2.28
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 42.5 (Industry average Stock P/E: 41.98)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.05
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Thejo Engineering Ltd. is a Public Limited Listed company incorporated on 26/03/1986 and has its registered office in the State of Tamil Nadu, India. Company's Corporate Identification Number(CIN) is L27209TN1986PLC012833 and registration number is 012833. Currently Company is involved in the business activities of Repair of machinery. Company's Total Operating Revenue is Rs. 391.57 Cr. and Equity Capital is Rs. 10.76 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Engineering - General	3rd Floor, VDS House, No. 41, Cathedral Road, Chennai (Madras) Tamil Nadu 600086	investor@thejo-engg.com http://www.thejo-engg.com

Management
Name	Position Held
Mr. K J Joseph	Chairman Emeritus
Mr. V A George	Executive Chairman
Mr. Thomas John	Vice Chairman
Mr. Manoj Joseph	Managing Director
Mr. Rajesh John	Whole Time Director
Mrs. Sujatha Jayarajan	Independent Director
Mr. Srinivas Acharya	Independent Director
Mr. K Jairaj	Independent Director
Mr. Sridhar Ganesh	Independent Director
Mr. Nilesh S Vikamsey	Independent Director
Prof. N Venkiteswaran	Independent Director

FAQ

What is the intrinsic value of Thejo Engineering Ltd?

Thejo Engineering Ltd's intrinsic value (as of 25 April 2025) is ₹2094.35 — 13.45% higher the current market price of 1,846.00, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's 2,002 Cr. market cap, FY2025-2026 high/low of ₹3,708/1,446, reserves of 260 Cr, and liabilities of 425 Cr.

What is the Market Cap of Thejo Engineering Ltd?

The Market Cap of Thejo Engineering Ltd is 2,002 Cr..

What is the current Stock Price of Thejo Engineering Ltd as on 25 April 2025?

The current stock price of Thejo Engineering Ltd as on 25 April 2025 is 1,846.

What is the High / Low of Thejo Engineering Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Thejo Engineering Ltd stocks is ₹3,708/1,446.

What is the Stock P/E of Thejo Engineering Ltd?

The Stock P/E of Thejo Engineering Ltd is 42.5.

What is the Book Value of Thejo Engineering Ltd?

The Book Value of Thejo Engineering Ltd is 250.

What is the Dividend Yield of Thejo Engineering Ltd?

The Dividend Yield of Thejo Engineering Ltd is 0.16 %.

What is the ROCE of Thejo Engineering Ltd?

The ROCE of Thejo Engineering Ltd is 28.3 %.

What is the ROE of Thejo Engineering Ltd?

The ROE of Thejo Engineering Ltd is 24.6 %.

What is the Face Value of Thejo Engineering Ltd?

The Face Value of Thejo Engineering Ltd is 10.0.