Tega Industries Limited, established in 1976, has grown to become a global leader in the design and manufacture of essential consumables for the mineral processing, mining, and material handling industries. With a presence in over 70 countries and manufacturing hubs strategically located in India, Australia, Chile, and South Africa, the company caters to a vast customer base of more than 700 global clients. Tega Industries offers an extensive range of products, including mill liners, conveyor components, wear products, screens, trommels, hydrocyclones, and Hosch products. Known for their durability and innovative design, these products are vital in enhancing operational efficiency across mining and processing activities. Tega’s success is built on its commitment to research and development, which drives continuous innovation in its product offerings. Additionally, the company adheres to stringent quality control measures, ensuring that customers receive reliable, high-performing solutions tailored to their specific needs. Over the decades, Tega Industries has expanded its global footprint, solidifying its reputation as a trusted partner to major players in the mining and mineral processing sectors, with a relentless focus on customer engagement and delivering value through technological advancements.
Latest News on Tega Industries Ltd
Tega Industries has recently been recognized as one of India’s fastest-growing profit-making companies, demonstrating remarkable financial performance and consistent net profit growth over the past seven years. Despite the challenges posed by the COVID-19 pandemic, the company has shown exceptional resilience and maintained strong profitability. Its ability to adapt and thrive in difficult market conditions has solidified its position as a leader in the mineral processing and mining industry. This continued growth underscores Tega Industries’ effective business strategies, operational efficiency, and commitment to innovation, which have contributed to its success in both domestic and international markets.
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | |
| Promoters + | 74.88% | 74.88% | 74.78% | 74.78% | 74.78% |
| FIIs + | 1.83% | 1.48% | 1.48% | 1.70% | 1.77% |
| DIIs + | 17.52% | 18.33% | 19.10% | 18.94% | 19.11% |
| Public + | 5.75% | 5.30% | 4.63% | 4.56% | 4.32% |
| No. of Shareholders | 59,458 | 59,603 | 56,862 | 56,233 | 53,318 |
The shareholding pattern of Tega Industries reflects a strong and consistent presence of promoters, with their stake remaining stable at 74.78% from March 2024 through September 2024, a slight decrease from 74.88% seen in September and December 2023. Foreign Institutional Investors (FIIs) maintained a lower share, with a gradual increase from 1.48% in December 2023 to 1.77% by September 2024. Domestic Institutional Investors (DIIs) saw consistent growth, increasing their stake from 17.52% in September 2023 to 19.11% in September 2024. On the other hand, public shareholding saw a steady decline, from 5.75% in September 2023 to 4.32% by September 2024. The number of shareholders also decreased over this period, dropping from 59,458 in September 2023 to 53,318 in September 2024, indicating a possible consolidation of shares. These patterns highlight Tega Industries’ solid institutional backing, while public ownership has gradually reduced.
Below are the trading platforms that you can use to purchase Tega Industries Limited shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| November 2024 | 1,880.05 | 1,634.83 |
| December 2024 | 1,898.85 | 1,651.18 |
In November 2024, the maximum price of Tega Industries is expected to reach ₹1,880.05, while the minimum price is projected to be ₹1,634.83. As we move into December 2024, the maximum price of Tega Industries is anticipated to be ₹1,898.85, with a minimum price projected at ₹1,651.18.
| When | Maximum Price | Minimum Price |
| January 2025 | 1,917.84 | 1,475.26 |
| February 2025 | 1,937.22 | 1,490.17 |
| March 2025 | 1,977.90 | 1,521.46 |
| April 2025 | 1,958.31 | 1,506.40 |
| May 2025 | 1,901.28 | 1,462.52 |
| June 2025 | 1,986.83 | 1,528.33 |
| July 2025 | 1,947.88 | 1,498.37 |
| August 2025 | 2,008.12 | 1,544.71 |
| September 2025 | 2,032.22 | 1,563.24 |
| October 2025 | 2,085.05 | 1,603.89 |
| November 2025 | 2,137.18 | 1,643.98 |
| December 2025 | 2,233.35 | 1,717.96 |
As we move through 2025, Tega Industries’ maximum and minimum price projections are as follows: in January, prices are expected to reach a maximum of ₹1,917.84 and a minimum of ₹1,475.26. February may see a high of ₹1,937.22 and a low of ₹1,490.17. In March, the maximum could be ₹1,977.90 with a minimum of ₹1,521.46. April is projected to have a maximum of ₹1,958.31 and a minimum of ₹1,506.40. By May, the maximum price may drop to ₹1,901.28, while the minimum could be ₹1,462.52. June forecasts a maximum of ₹1,986.83 and a minimum of ₹1,528.33. In July, prices are expected to range between a maximum of ₹1,947.88 and a minimum of ₹1,498.37. August may see a maximum of ₹2,008.12 and a minimum of ₹1,544.71. In September, the maximum price is anticipated to be ₹2,032.22, with a minimum of ₹1,563.24. October is projected to have a maximum of ₹2,085.05 and a minimum of ₹1,603.89. November may reach a maximum of ₹2,137.18 with a minimum of ₹1,643.98, while December could close the year with a maximum of ₹2,233.35 and a minimum of ₹1,717.96.
| When | Maximum Price | Minimum Price |
| January 2026 | 2,300.35 | 1,769.50 |
| February 2026 | 2,242.85 | 1,725.27 |
| March 2026 | 2,287.70 | 1,759.77 |
| April 2026 | 2,334.39 | 1,795.68 |
| May 2026 | 2,311.28 | 1,777.91 |
| June 2026 | 2,369.06 | 1,822.35 |
| July 2026 | 2,322.61 | 1,786.62 |
| August 2026 | 2,394.44 | 1,841.88 |
| September 2026 | 2,442.33 | 1,878.71 |
| October 2026 | 2,505.83 | 1,927.56 |
| November 2026 | 2,568.48 | 1,975.75 |
| December 2026 | 2,632.69 | 2,025.14 |
| When | Maximum Price | Minimum Price |
| January 2027 | 2,659.01 | 2,045.40 |
| February 2027 | 2,727.19 | 2,097.84 |
| March 2027 | 2,833.55 | 2,179.66 |
| April 2027 | 2,777.99 | 2,136.92 |
| May 2027 | 2,697.08 | 2,074.68 |
| June 2027 | 2,818.45 | 2,168.04 |
| July 2027 | 2,763.19 | 2,125.53 |
| August 2027 | 2,848.65 | 2,191.27 |
| September 2027 | 2,948.35 | 2,267.96 |
| October 2027 | 3,025.01 | 2,326.93 |
| November 2027 | 3,100.63 | 2,385.10 |
| December 2027 | 3,178.15 | 2,444.73 |
| When | Maximum Price | Minimum Price |
| January 2028 | 3,241.71 | 2,493.62 |
| February 2028 | 3,324.83 | 2,557.56 |
| March 2028 | 3,454.50 | 2,657.31 |
| April 2028 | 3,386.76 | 2,605.20 |
| May 2028 | 3,288.12 | 2,529.32 |
| June 2028 | 3,436.09 | 2,643.14 |
| July 2028 | 3,368.71 | 2,591.32 |
| August 2028 | 3,472.90 | 2,671.46 |
| September 2028 | 3,594.45 | 2,764.96 |
| October 2028 | 3,687.91 | 2,836.85 |
| November 2028 | 3,780.10 | 2,907.77 |
| December 2028 | 3,874.61 | 2,980.47 |
| When | Maximum Price | Minimum Price |
| January 2029 | 3,952.10 | 3,040.08 |
| February 2029 | 4,053.43 | 3,118.03 |
| March 2029 | 4,211.52 | 3,239.63 |
| April 2029 | 4,128.94 | 3,176.11 |
| May 2029 | 4,008.68 | 3,083.60 |
| June 2029 | 4,189.07 | 3,222.36 |
| July 2029 | 4,106.93 | 3,159.18 |
| August 2029 | 4,233.95 | 3,256.88 |
| September 2029 | 4,382.14 | 3,370.87 |
| October 2029 | 4,496.07 | 3,458.52 |
| November 2029 | 4,608.47 | 3,544.98 |
| December 2029 | 4,723.69 | 3,633.60 |
| When | Maximum Price | Minimum Price |
| January 2030 | 4,818.16 | 3,706.28 |
| February 2030 | 4,941.70 | 3,801.31 |
| March 2030 | 5,134.43 | 3,949.56 |
| April 2030 | 5,033.75 | 3,872.12 |
| May 2030 | 4,887.14 | 3,759.34 |
| June 2030 | 5,107.06 | 3,928.51 |
| July 2030 | 5,006.92 | 3,851.48 |
| August 2030 | 5,161.78 | 3,970.60 |
| September 2030 | 5,342.44 | 4,109.57 |
| October 2030 | 5,481.34 | 4,216.42 |
| November 2030 | 5,618.37 | 4,321.83 |
| December 2030 | 5,758.83 | 4,429.87 |
As we step into January 2030, Tega Industries is expected to reach a maximum price of ₹4,818.16, with a minimum anticipated at ₹3,706.28, indicating a positive market outlook. Moving through the year, Tega Industries’ maximum price is expected to gradually increase, peaking at ₹5,758.83 in December 2030, while the minimum price is expected to stabilize around ₹4,429.87, reflecting continued growth and resilience in the market. Overall, Tega Industries shows promising price movements, with maximum prices expected to rise steadily throughout the year and minimum prices demonstrating consistent strength.
Financial Condition of Tega Industries: Last 5 Years
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 685 | 806 | 952 | 1,214 | 1,493 | 1,565 |
| Expenses + | 576 | 613 | 768 | 942 | 1,176 | 1,224 |
| Operating Profit | 109 | 193 | 184 | 271 | 317 | 341 |
| OPM % | 16% | 24% | 19% | 22% | 21% | 22% |
| Other Income + | 12 | 50 | 27 | 25 | 27 | 30 |
| Interest | 23 | 19 | 17 | 19 | 33 | 30 |
| Depreciation | 38 | 40 | 39 | 41 | 64 | 73 |
| Profit before tax | 59 | 184 | 155 | 236 | 247 | 268 |
| Tax % | -11% | 26% | 25% | 22% | 22% | |
| Net Profit + | 66 | 136 | 117 | 184 | 194 | 209 |
| EPS in Rs | 11.37 | 23.68 | 17.63 | 27.73 | 29.14 | 31.46 |
| Dividend Payout % | 0% | 0% | 0% | 7% | 7% |
Tega Industries has demonstrated robust financial growth over the past five years, establishing itself as a key player in its industry. The company’s sales have seen a substantial rise, increasing from ₹685 crore in March 2020 to ₹1,493 crore in March 2024. This steady growth reflects Tega Industries’ ability to expand its market reach and strengthen its position in the global mineral processing and material handling sectors. The sales trend indicates a consistent demand for the company’s products and services, which are essential consumables in the mining industry.
In terms of profitability, Tega Industries’ operating profit surged from ₹109 crore in 2020 to ₹317 crore by March 2024, underlining the company’s operational efficiency. The operating profit margin (OPM) remained fairly strong, fluctuating between 16% and 24% during this period, stabilizing around 21-22% in the last couple of years. This indicates that the company is effectively managing its costs while scaling up its operations, contributing to sustainable profitability.
The company’s net profit also exhibited impressive growth, rising from ₹66 crore in March 2020 to ₹194 crore in March 2024. Earnings per share (EPS) increased proportionally, from ₹11.37 in 2020 to ₹29.14 in 2024, reflecting the enhanced value delivered to shareholders. Notably, despite this strong financial performance, Tega Industries maintained a conservative approach to dividends, with a payout ratio of 0% until 2023, when it began distributing 7% of profits to shareholders.
Tega Industries’ financial structure reveals prudent management of other income, interest expenses, and depreciation. Other income, while not a major contributor to overall profitability, has remained steady, supporting the company’s earnings. Interest expenses rose slightly from ₹23 crore in 2020 to ₹33 crore in 2024, likely due to increased borrowing or financial obligations tied to the company’s expansion efforts. Depreciation also saw a notable increase, reaching ₹64 crore in 2024, indicative of the company’s ongoing investments in capital assets.
FAQS
As of October 22nd, 2024, the share price of Tega Industries Ltd is around ₹1,785.
Based on various market analyses and expert opinions, the expected share price target of Tega Industries Ltd by 2024 is around INR 1,898.85.
Based on our analysis, Tega Industries is anticipated to have a trading range between ₹1,462.52 and ₹2,233.35 in the year 2025.
As per our analysis, Tega Industries share price target for 2030 would be somewhere between ₹3,706.28 and ₹5,758.83.
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Conclusion
In conclusion, Tega Industries Limited has established itself as a global leader in the design and manufacture of essential consumables for the mineral processing and mining industries since its inception in 1976. With a strong commitment to innovation, quality, and customer engagement, the company has consistently demonstrated resilience and growth, even in challenging market conditions. Its shareholding pattern indicates robust institutional support, particularly from Domestic Institutional Investors, while public ownership has gradually declined.
Looking ahead, Tega Industries is projected to experience significant growth in its share prices from 2024 to 2030, with maximum prices anticipated to increase steadily. By December 2030, the maximum share price is expected to reach ₹5,758.83, reflecting continued optimism in its market performance. The company’s financial condition over the last five years showcases a consistent increase in sales and a commitment to operational efficiency, positioning it favorably in the competitive landscape of the mining and mineral processing sectors.
What did we learn?
- 1 Latest News on Tega Industries Ltd
- 2 Shareholdings Patterns of Tega Industries Ltd
- 3 How to Purchase Tega Industries Shares in India?
- 4 Tega Industries Limited Share Price Prediction: 2024 to 2030
- 4.1 Tega Industries Limited Share Price Prediction 2024
- 4.2 Tega Industries Limited Share Price Prediction 2025
- 4.3 Tega Industries Limited Share Price Prediction 2026
- 4.4 Tega Industries Limited Share Price Target 2027
- 4.5 Tega Industries Limited Share Price Prediction 2028
- 4.6 Tega Industries Limited Share Price Target 2029
- 4.7 Tega Industries Limited Share Price Prediction 2030
- 5 Financial Condition of Tega Industries: Last 5 Years
- 6 FAQS
- 7 Conclusion
