Tega Industries Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹13,350 Cr
- ROE
- 5.94%
- Price to sales
- 4.37
- Debt to equity
- 0.12
- 52W high / low
- ₹2,129 / ₹1,477
- Sales growth (5Y)
- 16.00%
- EBITDA margin
- 7.55%
- Net profit margin
- 8.43%
- Promoter holding
- 67.51%
- Sales (last year)
- ₹3,059 Cr
Established in 1976, Tega Industries is a leading manufacturer and distributor of specialized, critical, and recurring consumable products for the global mineral beneficiation, mining, and bulk solids handling industry. Globally, Tega industries are the second largest producers of polymer-based mill liners, based on revenues for the year 2020.[1]
Guidance scorecard · Q1 FY27 call
What Tega Industries Ltd's management guided
and where it ranks in Industrial Manufacturing
Industrial Manufacturing
RevenueQ1 FY27 call
10–20%- Consumable business is expected to grow at a sustainable long-term CAGR of 15%.
- Q1 FY27 saw consumable business growth of ~36%, but management remains conservative at 15% guidance considering order timing.
- Molycop volume growth expected around 5% for the 10-month period following acquisition.
- Molycop EBITDA expected to grow ~4% over the same period, reflecting cost controls and efficiencies.
- Global copper demand is forecasted to grow at ~4.8% CAGR and gold at ~2.2% CAGR through FY30, supporting market growth.
- Combined Tega-Molycop platform targets growth ahead of the broader mining consumables market over time.
2 more points from Tega Industries Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what Tega Industries Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- Molycop's capex for the current 10-month period estimated at around USD 28 million.
- Molycop's normal annual capex run rate is in the low USD 30 million range, with potential for expansion.
- Tega's capex (excluding Molycop) is approximately USD 40 million including Chile operations.
- Chile plant commissioning is on track with soft commissioning expected around January 2027 and commercial production targeted for March 2027, subject to regulatory approvals.
2 more points from Tega Industries Ltd's call on capex
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FundraisingQ1 FY27 call
See what Tega Industries Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
- Part of the Q4 orders of the consumable business were serviced in Q1 FY27, affecting quarter-on-quarter comparability.
- Long-term guidance for the consumable business growth is maintained at 15% CAGR.
- The equipment business experienced softer revenue in Q1 FY27 mainly due to delays in customer clearances.
Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Industrial Manufacturing
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Industrial Manufacturing companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 0–2% | ₹1,207 Cr | 111.0 | |
| 2 | 40%+ | Up 0–2% | ₹549 Cr | 33.8 | |
| 3 | 40%+ | Flat | ₹8,076 Cr | 94.4 | |
| 4 | 40%+ | Flat | ₹3,732 Cr | 81.2 | |
| 5 | 40%+ | Flat | ₹2,580 Cr | 61.2 | |
| 6 | 40%+ | Flat | ₹743 Cr | 43.6 |
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Pro shows every company guiding 40%+ revenue growth →Full Industrial Manufacturing rankingTega Industries Ltd announcements
All announcements →- Board / shareholder meeting outcomeNotableTega Industries Limited announces Postal Ballot result approving preferential issue fund raise
Financials of Tega Industries Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Tega Industries Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 297 | 396 | 268 | 377 | 340 | 507 | 340 | 353 | 409 | 536 | 356 | 405 | 404 |
| Expenses + | 230 | 294 | 229 | 296 | 284 | 368 | 276 | 319 | 318 | 386 | 300 | 336 | 358 |
| Operating Profit | 67 | 103 | 39 | 82 | 56 | 139 | 64 | 34 | 91 | 150 | 56 | 69 | 46 |
| OPM % | 23% | 26% | 15% | 22% | 16% | 27% | 19% | 10% | 22% | 28% | 16% | 17% | 11% |
| Other Income + | 12 | 8 | 9 | 4 | 7 | 6 | 13 | 15 | 12 | 7 | 17 | 18 | 15 |
| Interest | 5 | 3 | 8 | 9 | 8 | 7 | 7 | 7 | 6 | 7 | 6 | 6 | 6 |
| Depreciation | 10 | 12 | 14 | 14 | 14 | 22 | 23 | 27 | 26 | 26 | 23 | 23 | 24 |
| Profit before tax | 64 | 96 | 27 | 63 | 42 | 115 | 48 | 16 | 72 | 124 | 43 | 59 | 32 |
| Tax % | 24% | 19% | 20% | 25% | 15% | 22% | 23% | 54% | 24% | 18% | 18% | 24% | 38% |
| Net Profit + | 48 | 77 | 21 | 47 | 36 | 89 | 37 | 7 | 54 | 102 | 35 | 45 | 20 |
| EPS in Rs | 7.30 | 11.64 | 3.22 | 7.13 | 5.36 | 13.45 | 5.52 | 1.09 | 8.15 | 15.32 | 5.31 | 6.75 | 2.62 |
Financials of Tega Industries Ltd
Profit & Loss
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 622 | 534 | 497 | 549 | 634 | 685 | 806 | 952 | 1,214 | 1,493 | 1,639 | 1,701 |
| Expenses + | 547 | 481 | 467 | 475 | 534 | 576 | 613 | 768 | 942 | 1,176 | 1,298 | 1,380 |
| Operating Profit | 75 | 53 | 31 | 74 | 100 | 109 | 193 | 184 | 271 | 317 | 341 | 321 |
| OPM % | 12% | 10% | 6% | 13% | 16% | 16% | 24% | 19% | 22% | 21% | 21% | 19% |
| Other Income + | 5 | 6 | 24 | 22 | 9 | 12 | 50 | 27 | 25 | 27 | 48 | 58 |
| Interest | 36 | 23 | 20 | 22 | 25 | 23 | 19 | 17 | 19 | 33 | 28 | 25 |
| Depreciation | 26 | 30 | 35 | 33 | 38 | 38 | 40 | 39 | 41 | 64 | 101 | 96 |
| Profit before tax | 18 | 5 | 0 | 40 | 46 | 59 | 184 | 155 | 236 | 247 | 259 | 258 |
| Tax % | 183% | 292% | 2,400% | 30% | 30% | -11% | 26% | 25% | 22% | 22% | 23% | |
| Net Profit + | -15 | -10 | -2 | 28 | 33 | 66 | 136 | 117 | 184 | 194 | 200 | 202 |
| EPS in Rs | -2.48 | -1.74 | -0.41 | 4.88 | 5.66 | 11.37 | 23.68 | 17.63 | 27.73 | 29.14 | 30.08 | 30.00 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 7% | 7% | 7% |
Financials of Tega Industries Ltd
Balance Sheet
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 58 | 58 | 58 | 58 | 58 | 58 | 58 | 66 | 66 | 67 | 67 | 67 |
| Reserves | 381 | 360 | 282 | 311 | 335 | 396 | 547 | 670 | 983 | 1,125 | 1,330 | 1,409 |
| Borrowings + | 356 | 320 | 238 | 249 | 252 | 287 | 228 | 245 | 361 | 308 | 330 | 305 |
| Other Liabilities + | 94 | 106 | 171 | 150 | 141 | 140 | 176 | 189 | 219 | 385 | 363 | 369 |
| Total Liabilities | 889 | 843 | 749 | 767 | 785 | 881 | 1,010 | 1,170 | 1,629 | 1,885 | 2,089 | 2,150 |
| Fixed Assets + | 231 | 234 | 296 | 287 | 284 | 266 | 296 | 298 | 548 | 600 | 623 | 635 |
| CWIP | 17 | 8 | 8 | 5 | 4 | 9 | 7 | 10 | 12 | 11 | 48 | 55 |
| Investments | 83 | 71 | 73 | 60 | 77 | 158 | 201 | 199 | 217 | 279 | 262 | 317 |
| Other Assets + | 558 | 530 | 373 | 415 | 420 | 448 | 505 | 663 | 852 | 995 | 1,157 | 1,142 |
| Total Assets | 889 | 843 | 749 | 767 | 785 | 881 | 1,010 | 1,170 | 1,629 | 1,885 | 2,089 | 2,150 |
Financials of Tega Industries Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 60 | 44 | 69 | 128 | 170 | 14 | 179 | 252 | 195 | ||
| Cash from Investing Activity + | -14 | 8 | -14 | -102 | -80 | -25 | -235 | -96 | -129 | ||
| Cash from Financing Activity + | -44 | -22 | -93 | -9 | -79 | 3 | 63 | -115 | -38 | ||
| Net Cash Flow | 2 | 30 | -38 | 18 | 11 | -8 | 6 | 41 | 28 | ||
| Free Cash Flow | 60 | 44 | 43 | 102 | 122 | -27 | 179 | 252 | 195 | ||
| CFO/OP | 212% | 71% | 83% | 136% | 104% | 31% | 83% | 93% | 75% |
Financials of Tega Industries Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 107 | 127 | 118 | 113 | 116 | 97 | 100 | 106 | 121 | 109 | 112 |
| Inventory Days | 175 | 194 | 240 | 190 | 172 | 177 | 179 | 229 | 200 | 209 | 217 |
| Days Payable | 104 | 109 | 169 | 122 | 114 | 87 | 111 | 88 | 77 | 104 | 116 |
| Cash Conversion Cycle | 178 | 213 | 188 | 181 | 173 | 187 | 168 | 247 | 244 | 215 | 212 |
| Working Capital Days | 149 | 156 | -0 | 23 | 48 | 43 | 64 | 92 | 109 | 86 | 100 |
| ROCE % | 6% | 3% | 10% | 12% | 12% | 26% | 19% | 21% | 19% | 18% |
Guidance history
How Tega Industries Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Flat | Planned | — | — |
| Q4 FY26 call → | 10–20% | Flat | Planned | Planned | Rising |
| Q3 FY26 call → | 10–20% | Flat | Planned | Planned | Rising |
| Q2 FY26 call → | 10–20% | Flat | Planned | Planned | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
63 out of 100 — Steady
Over the past year its share price has moved roughly in the middle of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −7.8% | 52% |
| Last 6 months | +6.1% | 62% |
| Last 3 months | +19.5% | 86% |
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Tega Industries Ltd: 0.4 × 52 + 0.4 × 62 + 0.2 × 86 = 63.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Tega Industries Ltd's management said in earlier quarters
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