THEJO

Thejo Engineering Limited

Listed company · ISIN INE121N01019 · NSE EQ · FV ₹10
Last price
₹2,183
+1.23%today
What this company does

Thejo Engineering Limited is a listed company. It booked ₹178 cr of revenue in its latest quarter (Q1 FY27) and kept 9.1% of sales as profit.

Thejo Engineering is one of the few companies in the sub-continent offering manufacturing, marketing, and servicing activities under one roof.
In the report:
67out of 100
Equitytale Health Score
Solid

Healthier than 67% of listed companies we score, on the 5 of 6 measures we could read for it. Each measure is ranked against the 2,327–2,858 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
61

At close. Not part of the score.

Profitability & returns69

How much profit it earns on the money it employs

Balance sheet80

How much it owes, and whether earnings cover the interest

Cash quality71

Whether reported profit actually arrives as cash

Valuation23

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Looks broadly healthy
Strengths
Makes a profit
Sales up 31% vs last year
Profit up 72% vs last year
Promoters hold 54%
No promoter shares pledged
Strong 18% return on equity
Virtually debt-free
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in THEJO?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 0% a year, it would become
₹12.00 lakh

The slider starts at 0%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹2,183 +1.23%
latest close · 2026-09-17
1-year return
-12.7%
52-wk low ₹80252-wk high ₹3,950
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio36.6High
LowAverageHigh
P/B ratio6.68High
Below bookModerateHigh
EV / EBITDA21.1High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity18.2%Strong
WeakFairStrong ▸15%
Return on capital21.5%Strong
WeakFairStrong
Net margin9.1%Decent
ThinDecentStrong
EBITDA margin15.6%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.01Comfortable
LowModerateHigh ▸1
Interest cover15.6×Strong
RiskyOkayStrong ▸5×
Current ratio2.70Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹2,368 cr
Book value
₹327
EPS
₹14.90
latest quarter
Net debt
₹-30 cr
more cash than debt
Enterprise value
₹2,339 cr
EBITDA
₹111 cr
annualised
EBIT
₹89 cr
annualised
Operating margin
12.6%
Return on assets
11.8%
Earnings yield
2.73%
P/S
3.33
Sales / share
₹654.9
Tax rate
27.0%
Face value
₹10
Shares
1.1 cr
Working capital
₹227 cr
Current assets
₹359 cr
Current liabilities
₹133 cr
Delivery %
63.3%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2026 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹329₹581, midpoint ₹445

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹178 cr
Other Income₹2 cr
Total Income₹180 cr
Cost of Materials₹32 cr
Purchases of Stock-in-Trade₹55.3 L
Inventory Change (±)₹65.9 L
Employee Benefit Expense₹55 cr
Finance Costs₹1 cr
Depreciation & Amortisation₹5 cr
Other Expenses₹64 cr
Total Expenses₹159 cr
Profit before Tax₹21 cr
Tax Expense₹6 cr
Net Profit₹15 cr
Net margin on total income8.5%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹33 cr18.6%
Employee benefit expense₹55 cr30.5%
Finance costs₹1 cr0.8%
Depreciation & amortisation₹5 cr3.0%
Other expenses₹64 cr35.5%
Tax expense₹6 cr3.1%
Profit for the period₹15 cr8.5%
Total income ₹180 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue162 cr181 cr178 cr
Total income164 cr185 cr180 cr
Expenses149 cr163 cr159 cr
Profit before tax12 cr22 cr21 cr
Tax3 cr5 cr6 cr
Net profit (owners' share)9 cr16 cr16 cr
Net margin (owners' share, on revenue)5.5%8.7%9.1%
EPS (₹)8.2014.6014.90
YoY (latest quarter): total income +30.6% · net profit +71.5%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹549 cr
Shareholder equity
₹354 cr
parent shareholders
Total debt
₹5 cr
Cash
₹35 cr
Cash flow · H1 FY26
Operating
₹28 cr
Investing
₹-38 cr
Financing
₹-10 cr
Corporate actions
Dividend yield
0.23%
trailing 12 months
Dividend / share (TTM)
₹5
Last dividend
₹5
ex 18 Aug 2026
ActionDetailEx-date
Dividend₹5 / share18 Aug 2026
Dividend₹5 / share22 Aug 2025
Dividend₹3 / share22 Aug 2024
Who owns it · 2026-06-30
No pledge
Promoter
53.6%
FII / Foreign
0.8%
DII / Domestic
3.4%
Retail / others
42.2%
Promoter stake down 0.6% over the last 12 quarters.
Smart-money activity
Insider trades
SoldSHIBU JOSEPH · Employees/Designated Employees600 · ₹7.3 L25 Nov 20
SoldK.S. RAJA · Employees/Designated Employees1,000 · ₹12.8 L17 Nov 20
SoldJ. MANIMARAN · Employees/Designated Employees1,100 · ₹13.6 L17 Nov 20
Bulk / block deals
SoldINDIA OPPORTUNITIES FUND · NSE1.71 L @ ₹679.8127 Aug 20
BoughtEQUITY INTELLIGENCE INDIA PRIVATE LIMITED · NSE50,000 @ ₹675.1127 Aug 20
BoughtBIYANI FINANCIAL SERVICES PVT LTD · NSE25,000 @ ₹683.5527 Aug 20
Stake changes
SoldSIDBI Trustee Company Ltd A/C India Opportunities Fund→ 0.00% · 1.73 L27 Aug 20
SoldSIDBI Trustee Company Limited A/c India Opportunities Fund→ 5.00% · 74,40025 Aug 20
BoughtGirish Gulati (HUF)→ 7.39% · 2.50 L7 Apr 17
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 29 Aug 2025
See the official result
1
To consider and adopt: a. the Audited Financial Statements of the Company for the Financial Year ended 31st March, 2025 together with the Reports of the Board of Directors and the Auditors thereon. b. the Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2025 together with the Report of the Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
11.88 L votes for, 1 against · 0% of mutual funds and other big investors said no
2
To declare dividend on Equity shares for the financial year ended 31st March 2025
Backed by 100% of shareholders other than promotersneeded 50%
11.88 L votes for, 1 against · 0% of mutual funds and other big investors said no
3
To appoint a Director in place of Mr. Rajesh John (DIN 05161087), who retires by rotation and, being eligible, seeks re-appointment as a Director.
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
11.88 L votes for, 1 against · 0% of mutual funds and other big investors said no
4
To appoint a Director in place of Thomas John (DIN 00435035), who retires by rotation and being eligible, seeks re-appointment as a Director
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
11.88 L votes for, 1 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 11 named members
owning 48.6% between them · as of 2026-06-30
K J JOSEPH6.36%
CELINAMMA JOHN6.00%
RAJESH JOHN6.00%
THOMAS JOHN6.00%
MANESH JOSEPH4.59%
MANOJ JOSEPH4.59%
MAYA PHILIP4.26%
MEENA KAVIL4.25%
Business done with them
FY2025 · 4 of the group
The company paid ₹2 cr to companies in the promoter group last year — about 0.3% of its ₹553 cr revenue.
Mr. Manoj Joseph
Other payments to them · Remuneration
also owns 4.59% of the company
₹85.1 L
company paid
Mr. Rajesh John
Other payments to them · Remuneration
also owns 6.00% of the company
₹61.1 L
company paid
Mr. Manesh Joseph
Other payments to them · Remuneration
also owns 4.59% of the company
₹9 L
company paid
Mr. Thomas John
Other payments to them · Sitting Fee
also owns 6.00% of the company
₹4.8 L
company paid

The company also transacted with 2 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.