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Thejo Engineering Limited (THEJO) Fair Value & Analysis

Industrials · IN · Market cap ₹20.8B

TE Thejo Engineering Limited THEJO · NSE
Price₹1,918
Fair Value₹918.22
Upside-52.1%
Quality55/100
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Evidence: Medium Range ₹446.68 – ₹1,192

Fair value as of: Jul 3, 2026

From 24 valuation models · updated today

Share price +23.8% over the past month.

Price vs Fair Value (12 months)

₹2,429 ₹1,457 Fair Value ₹918.22 Jul 2025 Jul 2026

12‑month range ₹1,457 – ₹2,429 · fair‑value band ₹446.68 – ₹1,192 · the ₹1,918 price screens above the ₹918.22 fair value. As of Jul 3, 2026.

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Analysis

Thejo Engineering Limited (THEJO) currently trades at ₹1,918, while our model-based Fair Value estimate is ₹918.22 — implying the stock looks roughly 52.1% overvalued today. We read business quality at 55/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: medium).

Over the trailing twelve months, Thejo Engineering Limited generated revenue of ₹6.3B at a net margin of 7.8%. Revenue grew 18.3% year over year. It earns a return on equity of 14.0%. The balance sheet holds a net cash position of ₹257M. Fundamentals as of Jul 3, 2026

Key figures & financial health

Revenue (TTM) ₹6.3B
Revenue growth (YoY) +18.3%
Net margin 7.8%
Return on equity 14.0%
Free cash flow ₹60.0M FY2026
P/E ratio 42.2
More key figures
Operating margin 10.9%
EPS (TTM) ₹45.48
Dividend yield 0.3%
EPS growth (YoY) +4.0%
Net cash ₹257M FY2026

Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.

About the company

Thejo Engineering Limited designs, develops, manufactures, and supplies rubber and polyurethane based engineering products for bulk material handling systems, mineral processing, and corrosion protection applications in India and internationally. It operates through three segments: Manufacturing Units, Service Units, and Others. The company provides conveyor care products, including belt conveyor splicing and repair solutions, pulley lagging sheets, vulcanizing equipment, and belt coiler and de coiler products, as well as school tool kits, such as hand and power tools, and personal protective equipment; and transfer point solutions comprising belt cleaners and trackers, impact cushion pads, skirt sealing systems, and engineered chutes. It also offers high pressure fogging systems for dust suppression; flow promotion products; and abrasion and wear protection products, including mill lining, bulk flow chutes, wear resistant panels and sheeting, and twister cyclone and pump spares, …

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Thejo Engineering Limited reported revenue of ₹6.3B in FY2026 versus ₹4.2B in FY2022, a compound +10.5%/yr. Reported net income was ₹493M in FY2026, compounding +7.0%/yr from FY2022.

Revenue +10.5%/yr
FY22 ₹4.2B
FY23 ₹4.7B
FY24 ₹5.6B
FY25 ₹5.5B
FY26 ₹6.3B
Net income +7.0%/yr
FY22 ₹376M
FY23 ₹324M
FY24 ₹556M
FY25 ₹499M
FY26 ₹493M

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Frequently asked questions

Is Thejo Engineering Limited (THEJO) undervalued?
As of Jul 3, 2026, our model estimates a fair value of ₹918.22 versus a price of ₹1,918 — about −52% (overvalued). Model-based estimate, not financial advice.
What is the fair value of THEJO?
Our model-based fair value for Thejo Engineering Limited is ₹918.22 (as of Jul 3, 2026), built from audited fundamentals. The current price is ₹1,918.
What is the quality score of THEJO?
Thejo Engineering Limited has a Quality Score of 55/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Thejo Engineering Limited (THEJO)?
Thejo Engineering Limited reported trailing-twelve-month revenue of about ₹6.3B (latest available figure, as of Jul 3, 2026).
What is the net profit margin of THEJO?
The net profit margin of Thejo Engineering Limited is about 7.8%, meaning it keeps roughly 7.8% of revenue as net income. Based on the latest reported figures.
Does Thejo Engineering Limited pay a dividend?
Thejo Engineering Limited currently shows a dividend yield of about 0.26% relative to its recent price (as of Jul 3, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.