Annual report
Updates 29 Jul - Thejo Engineering filed its FY2025-26 BRSR as part of the annual report.
Source: Nse
Thejo Engineering Limited (THEJO)
Small CapIndustrials stocks · Small cap · NSE
Thejo Engineering Limited operates in Engineering Products, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 21 Oct, 03:31 pm ISTDetails
Quote21 Oct, 03:31 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result16 Aug, 01:41 am IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Industrials P/E 26.2 (n=537)
Technical timing lens
Trend score and candlestick chart
45NeutralSMA20 -2.0% / mo · MACD −
Stock trend: 44
Sector RS: 46
Sector 3M: -7.1% vs Nifty 500 -5.6%
Industrials FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
THEJOD candles · FIT view+12.4%Latest close ₹1968.00 on 2026-10-21
Bar
-0.7%
RSI
38
MACD hist
-14.42
52W pos
62%
2026-10-21O ₹1982.80H ₹2022.90L ₹1947.20C ₹1968.00Vol 3,144 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
THEJONifty India ManufacturingNifty 500
- THEJO
- +1.9%
- Nifty 500
- -6.5%
- Nifty India Manufacturing
- -7.7%
- Vs Nifty 500
- +8.3 pp
Chart stats
21 Oct 2026- From 52W high
- -13.9%
- 52W range position
- 62%
- ATR (14)
- 3.6%
- Volume vs 20D
- 0.45x
- Avg traded value
- ₹1.3 Cr
- 20D price channel
- ₹1,933 - ₹2,226.8
₹2,286.6
₹1,443.6 - ₹2,286.6
₹71.6
Latest completed session
20-session average
31.9% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is mixed.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · WATCHLIST42
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Excellent90
Revenue +30.9% · PAT +50.0% YoY
Technical
Neutral45
Price trend and sector-relative-strength timing.
Valuation
Legacy model+3.0%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence69
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Excellent · 90/100Rev +31% YoY · PAT +50% YoY · margin expansion · operating leverage
Filed 30 Jun 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹178 Cr | +30.9% | -1.7% |
| EBITDA | ₹25 Cr | +56.3% | +4.2% |
| Operating margin | 14.0% | +200 bps | +100 bps |
| PAT | ₹15 Cr | +50.0% | -11.8% |
| PAT margin | 8.4% | +108 bps | -96 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 39.30
- P/B
- 6.41
- EV/EBITDA
- 21.83
- Market Cap
- 2273.00Cr
Profitability
- ROE
- 15.70%
- ROCE
- 19.40%
- ROA
- 9.84%
- Dividend Y
- 0.24%
Growth (CAGR)
- Revenue 5Y
- 14.00%
- EPS 5Y
- 14.00%
- Revenue 3Y
- 10.00%
- EPS 3Y
- 16.00%
Balance Sheet
- Debt/Equity
- 0.12
- Interest Coverage
- 17.80×
- Altman Z
- 8.87
- Book Value
- 327.00
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 9/5
- OCF
- 39.00 Cr
- EPS TTM
- 51.63
Shareholding
- Promoter Hold
- 53.61%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 77%
Financial History
Updated 18/10/2026
Revenue
₹ CrLatest: 178-1.7% vs prev
Net Profit
₹ CrLatest: 15.0-11.8% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
NeutralTrend is undirectional — long-term uptrend intact. RSI 38.
- Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
- SMA20 falling (~2.1% over last month) — short-term momentum negative.
- RSI(14) at 38 — sideways, no extreme reading.
- MACD below signal but histogram contracting — bearish momentum easing.
- 14% off 52W high · 36% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
74
RS percentile
Stage 2 UptrendEstablished S2
1M return
-8.1%
3M return
+5.8%
6M return
+9.9%
1Y return
+12.0%
RS 1D
+4
RS 20D
-3
Sector rank
#2
Industry rank
#15
Stage evidence
- Price is 8.2% above the 30-week proxy.
- The 50-DMA is above the 30-week proxy and its slope is rising +3.3%.
- Both 3-month and 6-month returns are positive.
50-DMA
price below
200-DMA
price above
S2 entered
06 Jul 2026
S2 age
74 trading sessions
Sector
leading
Industry
leading
Relative-strength line vs Nifty 500 (base 100)
262 observations
21 Oct 2026Value 113.56-1.76%
RS vs Nifty 500114
Valuation & peers
U-Score 42 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Valuation & peers
U-Score 42 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
WATCHLIST
Fundamental score breakdown
U band · WATCHLISTValuation2/30
Growth11/25
Quality11/20
Balance Sheet9/15
Cash Flow4/10
Piotroski
8/9 (+5)
Penalties
0
Raw sum
42
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
42/100 · legacy band WATCHLIST
Positive drivers
- Piotroski is strong at 8/9.
- Balance sheet contributes 9/15 to the score.
- Quality contributes 11/20 to the score.
Main drags
- Valuation is weaker at 2/30; verify the latest quarterly trend.
- Cash flow is weaker at 4/10; verify the latest quarterly trend.
- Growth is weaker at 11/25; verify the latest quarterly trend.
Sector valuation model
Execution business valuation: EV/EBITDA plus order and working-capital risk
Capital-intensive execution stories need cash-flow and balance-sheet checks alongside valuation.
Primary lens
EV/EBITDA and PE against execution quality and margin stability.
Secondary checks
Order book, receivables, working capital, debt, operating cash flow.
Main risk check
Order wins matter only if they convert into cash and margins.
PE
39.3
PB
6.4
EV/EBITDA
21.8
ROE
15.7%
ROCE
19.4%
FCF Yield
—
Debt/Equity
0.1
MoS
+3.0%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
42
Previous: 42
Legacy U-Score band
WATCHLIST
Previous: WATCHLIST
Margin of safety
+3.0%
Previous: +0.4%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
40
40
40
40
40
42
42
42
42
42
42
42
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹616.33
-219.3% MoS
Growth-justified P/E
39.3
Growth-justified Value
₹2,029.06
+3.0% MoS
PEG
2.66
Comparable companies
Peers
Business-comparable peers in Industrials — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
KLBRENG-B
Small
Kilburn Engineering Limited
Capital Goods
match 176
49
33.4
17.1%
+29%
FAIR VALUE
PATELENG
Small
Patel Engineering Limited
Capital Goods
match 176
70
6.5
8.9%
+78%
UNDERVALUED
RATNAVEER
Small
Ratnaveer Precision Engineering Limited
Capital Goods
match 176
29
44.6
11.6%
-11%
OVERVALUED
VIKRAN
Small
Vikran Engineering Limited
Capital Goods
match 175
54
16.2
10.8%
+59%
FAIR VALUE
SALASAR
Small
Salasar Techno Engineering Limited
Capital Goods
match 171
19
51.6
2.1%
-1248%
OVERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Thejo Engineering Limited operates in Engineering Products, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
69Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 59th percentile of the scored universe and 56th percentile within Industrials. Main check: financial discipline is weak at 50/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
4 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
59th percentile
overall median 67 · Industrials: 56th pctile, median 68 · Small: 63rd pctile, median 66
Evidence depth
Financial-only
4 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
78
strong · holding, pledge, alignment
Cash flow
67
acceptable · profit to cash conversion
Balance sheet
89
strong · leverage and solvency
Discipline
50
watch · capital discipline
Results
60
acceptable · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
- ▸9 years of positive FCF.
- ▸4/4 latest quarters had positive YoY revenue growth.
Trust risks
- ▸ROCE trend is -3.6%.
- ▸1 of the latest 4 quarters had PAT decline worse than 25% YoY.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Thejo Engineering Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Credit ratingJun 2026
Credit-rating report · Thejo Engineering Limited has informed the Exchange about Credit Rating
Source: Nse
Annual report
Annual Report 2026
Source: Nse
Annual reportMar 2026
Aug 2026 · Shareholders meeting 29 Jul - 40th AGM on 25 Aug 2026; annual report issued; ₹5 dividend proposed; directors to retire by rotation.
Source: Nse
Annual report
Annual Report 2025
Source: Nse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.