Want to see IN:TEGA full AI Analyst Report?
Top Page
Tega Industries Ltd.
(TEGA)
Select Model
Select Model
Rating:68Neutral
Price Target:
₹1,896.00
▲(25.40% Upside)
Action:Reiterated
Date:10/09/26
The score is supported primarily by solid financial fundamentals (strong growth and low leverage) and positive technical momentum. These positives are meaningfully offset by very expensive valuation (extremely high P/E with low dividend yield) and recent profitability/ROE weakness that raises questions about earnings quality and sustainability.
Positive Factors
Strong Revenue Growth
Strong revenue growth indicates expanding demand for the company’s engineered wear and mineral-processing products. If sustained, this top-line momentum can improve operating scale, support customer penetration across geographies, and provide a durable foundation for future earnings growth.
Negative Factors
Margin Deterioration
Falling gross and net margins indicate that rapid revenue expansion is not currently translating proportionally into profitability. Persistent margin pressure could reduce the earnings benefit of growth, constrain reinvestment capacity, and make results more sensitive to costs or product mix.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
Strong revenue growth indicates expanding demand for the company’s engineered wear and mineral-processing products. If sustained, this top-line momentum can improve operating scale, support customer penetration across geographies, and provide a durable foundation for future earnings growth.
Read all positive factors
Tega Industries Ltd. (TEGA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹132.53B
Dividend Yield0.11%
Average Volume (3M)34.60K
Price to Earnings (P/E)465.9
Beta (1Y)0.39
Revenue Growth84.88%
EPS Growth-87.30%
CountryIN
Employees655
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)3.79
Shares Outstanding75,127,700
10 Day Avg. Volume16,366
30 Day Avg. Volume34,598
Financial Highlights & Ratios
PEG Ratio-2.60
Price to Book (P/B)3.45
Price to Sales (P/S)6.95
P/FCF Ratio54.84
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)42.1
Revenue Forecast (FY)₹19.40B
Tega Industries Ltd. Business Overview & Revenue Model
Company Description
Tega Industries Limited designs, manufactures, and installs process equipment and accessories for the mineral processing, mining, and material handling industries. It offers a range of grinding mill liners, such as DynaPrime, DynaSteel, DynaPulp, ...
Tega Industries Ltd. Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
76
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 30.59B | 16.92B | 16.12B | 14.64B | 11.94B | 9.33B |
| Gross Profit | 12.78B | 6.32B | 9.13B | 8.18B | 6.67B | 5.30B |
| EBITDA | 4.93B | 3.19B | 3.85B | 3.40B | 2.94B | 2.04B |
| Net Income | 211.29M | 1.43B | 2.00B | 1.94B | 1.84B | 1.17B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 43.15B | 20.95B | 18.90B | 16.34B | 11.79B |
| Cash, Cash Equivalents and Short-Term Investments | 23.21B | 23.21B | 3.61B | 3.35B | 2.38B | 2.15B |
| Total Debt | 0.00 | 3.98B | 3.30B | 3.08B | 3.61B | 2.45B |
| Total Liabilities | -34.07B | 9.07B | 6.99B | 6.98B | 5.85B | 4.43B |
| Stockholders Equity | 34.07B | 34.07B | 13.97B | 11.92B | 10.49B | 7.36B |
Cash Flow | ||||||
| Free Cash Flow | 1.05B | 2.14B | 248.50M | 1.97B | 863.40M | -272.86M |
| Operating Cash Flow | 1.54B | 3.50B | 1.95B | 2.52B | 1.79B | 137.13M |
| Investing Cash Flow | -888.49M | -10.04B | -1.32B | -906.63M | -2.34B | -256.40M |
| Financing Cash Flow | -722.41M | 16.90B | -380.19M | -1.15B | 630.35M | 30.85M |
Tega Industries Ltd. Technical Analysis
Negative
1511.95
Price Trends
1827.25
Negative
1743.44
Positive
1730.43
Positive
Market Momentum
-40.38
Positive
42.54
Neutral
27.36
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:TEGA, the sentiment is Negative. The current price of 1511.95 is below the 20-day moving average (MA) of 1908.98, below the 50-day MA of 1827.25, and below the 200-day MA of 1730.43, indicating a neutral trend. The MACD of -40.38 indicates Positive momentum. The RSI at 42.54 is Neutral, neither overbought nor oversold. The STOCH value of 27.36 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:TEGA.
Tega Industries Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ₹129.25B | 34.30 | ― | 0.43% | 10.85% | -4.06% | |
68 Neutral | ₹132.53B | 465.86 | ― | 0.11% | 84.88% | -87.30% | |
65 Neutral | ₹339.69B | 26.81 | ― | 0.44% | 5.63% | 15.09% | |
63 Neutral | ₹77.01B | 29.98 | ― | 0.40% | 8.91% | 2.17% | |
60 Neutral | ₹274.89B | 50.31 | ― | 0.48% | 22.66% | 15.61% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹115.34B | 1.33 | ― | 0.66% | 4.63% | -4.40% |
* General Sector Average
IN:TEGA
Tega Industries Ltd.
1,764.00
-152.42
-7.95%
IN:AIAENG
AIA Engineering Limited
3,640.00
359.16
10.95%
IN:KIRLOSBROS
Kirloskar Brothers Ltd.
1,627.65
-269.63
-14.21%
IN:KIRLOSENG
Kirloskar Oil Engines Limited
1,888.40
875.68
86.47%
IN:KSB
KSB Ltd.
662.75
-133.07
-16.72%
IN:VESUVIUS
Vesuvius India Ltd
379.45
-111.67
-22.74%
Tega Industries Ltd. Corporate Events
Tega Industries Secures Shareholder Nod for Key Subsidiary Deals and Governance Moves
Sep 22, 2026
Tega Industries Ltd. has received shareholder approval via a postal ballot for a wide slate of material related party transactions among its international step-down subsidiaries, including Commonwealth Steel, multiple Moly-Cop entities and Grindin...
Tega Industries Forms New Dubai Consultancy Subsidiary
Sep 8, 2026
Tega Industries Ltd. has announced that its subsidiary, Tega MC Global Holdings Pte. Ltd., has incorporated a new step-down subsidiary, Tega Molycop Management Consultancy L.L.C., in Dubai, with initial capital of AED 100,000 and an 84.2% stake he...
Tega Industries Announces 50th AGM to Be Held via Virtual Platform
Aug 31, 2026
Tega Industries Ltd. has notified the stock exchanges that it has published a public notice convening its 50th Annual General Meeting, which will be held via video conferencing or other audio-visual means. The notice appeared on 31 August 2026 in ...
Tega Industries Elevates Vinay Grover as Global Head of Sales to Drive International Growth
Aug 27, 2026
Tega Industries Ltd. has announced a key senior management change, appointing long-time executive Vinay Grover as Global Head of Sales effective 1 September 2026. Grover, currently President – Global Sales, brings over three decades of exper...
Tega Industries Publishes Postal Ballot and E-Voting Notice in Newspapers
Aug 23, 2026
Tega Industries Limited has notified the stock exchanges that it has published a newspaper advertisement regarding its Postal Ballot Notice and e-voting information, as part of its shareholder communication process. The notice appeared on August 2...
Tega Industries Seeks Shareholder Nod for Fundraising via Preferential Issue
Aug 22, 2026
Tega Industries Ltd. has initiated a postal ballot process to seek shareholder approval via special resolution for raising funds through a preferential issue on a private placement basis, with voting to be conducted exclusively through remote e-vo...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.