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Buy Tega Industries Ltd For target RS 900 - JM Financial Institutional Securities Aiming at a steady growth as product gaps are addressed Tega Industries reported a beat on our estimates. Net sales grew 36% YoY to INR3.96bn, 19% above JMFe (8% on comparable basis), as it included sales from newly acquired McNally Sayaji under equipment segment. Consumables segment registered healthy growth of 24% YoY. EBITDA was 27% above estimates (INR1.03bn; +49% YoY), as margins in equipment segment were booked at higher than normal range due to lower expenses in initial consolidatio...
Buy Tega Industries Ltd For target RS 900 - JM Financial Institutional Securities
Buy Tega Industries Ltd For target RS 900 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
24/06/2023 10:57:29 AM
Tega Industries rises as its arm divests entire investment in MBE Coal & Mineral Technology India Tega Industries is currently trading at Rs. 803.75, up by 3.95 points or 0.49% from its previous closing of Rs. 799.80 on the BSE. The scrip opened at Rs. 799.00 and has touched a high and low of Rs. 822.45 and Rs. 799.00 respectively. So far 3431 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 847.95 on 26-May-2023 and a 52 week low of Rs. 420.40 on 20-Jun-2022. Last one week high and low of the scrip stood at...
Tega Industries rises as its arm divests entire investment in MBE Coal & Mineral Technology India
Tega Industries rises as its arm divests entire investment in MBE Coal & Mineral Technology India
Source: Accord Fintech
29/05/2023 10:47:06 AM
Buy Tega Industries Ltd For target RS 750 - JM Financial Institutional Securities Acquisition to enhance product offerings Tega Industries acquired McNally Sayaji Engineering Ltd (MSEL) through CIRP process. Post completion, this would be Tega’s first acquisition in India and fourth worldwide. McNally Sayaji Engineering offers solutions in the field of manufacturing and marketing of crushing, screening, grinding, material handling, and mineral processing equipment coupled with integrated customer support and aftersales service. The acquisition was made for a consi...
Buy Tega Industries Ltd For target RS 750 - JM Financial Institutional Securities
Buy Tega Industries Ltd For target RS 750 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
20/03/2023 12:13:17 PM
Buy Tega Industries Ltd For target RS 569 - LKP Securities ...strong player in a high growth industry Tega Industries (Tega) is a leading manufacturer and distributor of specialized critical to operate and recurring consumable products for the global mineral beneficiation, mining and bulk solids handling industry. These are ‘critical to operate’ consumable products, with strong industry dynamics such as low cyclicality (opex constitutes 3x of capex; depleting ore grades), high entry barriers (long customer conversion cycle) and oligopo...
Buy Tega Industries Ltd For target RS 569 - LKP Securities
Buy Tega Industries Ltd For target RS 569 - LKP Securities
Source: LKP Securities Ltd
19/08/2022 11:55:45 AM
Update on Tega Industries Ltd By ICICI Securities Management meet – key takeaways Tega Industries’ (Tega) senior management hosted analyst meet on June 15, 2022. Management highlighted global steel mill liner market (ex-China) currently stands at US$900mn (Tega’s market share is 5%) and composite mill liner market size is US$400mn (Tega’s market share is 16%) which is likely to grow at 2-3% CAGR. According to management, DynaPrime Mill Liner (25% of FY22 sales) acceptance is increasing and the segment is likely to ...
Update on Tega Industries Ltd By ICICI Securities
Update on Tega Industries Ltd By ICICI Securities
Source: ICICI Securities Ltd
21/06/2022 12:55:18 PM
Tega Industries Q4 net profit down 65.88% at Rs 31.52 cr The company reported standalone net profit of Rs 31.52 crore for the quarter ended March 31, 2022 as compared to Rs 92.39 crore in the same period last year, registering a year-on-year decline of 65.88 per cent. Net revenue of the company rose moderately by 6.80 per cent at Rs 154.52 crore in January-March quarter of this fiscal as against Rs 144.68 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 13.93 per cent to Rs 122.90 crore from...
Tega Industries Q4 net profit down 65.88% at Rs 31.52 cr
Tega Industries Q4 net profit down 65.88% at Rs 31.52 cr
Source: Dion Global Solutions Ltd
25/05/2022 1:32:30 PM
Buy Tega Industries Ltd For Target Rs.590 - JM Financial Services Growth guidance maintained; Risk reward turns favourable Tega Industries sales in 3Q met guidance, however, lag in passing RM costs and material rise in other expenses led to lower EBITDA and PAT. Sales grew by 20% YoY driven by mill liners (+25% YoY), while non mill liner segment reported stable trend YoY. EBITDA at INR 510mn (+8% YoY), was impacted adversely owing to cost escalations – higher RM costs, ocean freight rates, and normalisation other overheads. Although Dynaprime liner...
Buy Tega Industries Ltd For Target Rs.590 - JM Financial Services
Buy Tega Industries Ltd For Target Rs.590 - JM Financial Services
Source: JM Financial Services Ltd
18/02/2022 1:08:49 PM
View on Tega Industry IPO Post Listing By Mr. Santosh Meena, Swastika Investmart Ltd Below are views on Tega Industry IPO Post Listing by Mr. Santosh Meena, Head of Research, Swastika Investmart Ltd. Tega industry is debuting the secondary market on expected line as the grey market was indicating a listing gain of 65-70%. The fundamentals of the company are very sound and the outlook for the industry is also bullish therefore long-term investors should hold this company into their portfolio while those who applied for listing gain can keep a stop loss...
View on Tega Industry IPO Post Listing By Mr. Santosh Meena, Swastika Investmart Ltd
View on Tega Industry IPO Post Listing By Mr. Santosh Meena, Swastika Investmart Ltd
Source: Swastika Investmart Ltd
13/12/2021 12:19:55 PM
View on Tega Industry's Post Listing By Mr. Parth Nyati, Tradingo Below are views on Tega Industry's Post Listing by Mr. Parth Nyati, Founder, Tradingo Kolkata-based company with strong management and sound fundamentals went public today. A massive response from investors triggered the IPO to be subscribed 219 times. The IPO was purely OFS based where its PE fund is exiting, but the company is cash-rich. Initially priced at Rs 453 each, the issue gained 66% and was listed at Rs 760. The company might perform much better going f...
View on Tega Industry's Post Listing By Mr. Parth Nyati, Tradingo
View on Tega Industry's Post Listing By Mr. Parth Nyati, Tradingo
Source: PR Agency
13/12/2021 12:15:05 PM
Tega Industries lists with 66% premium on the BSE Tega Industries has debuted at Rs 753.00 on the BSE, up by 300 points or 66.23% from its issue price of Rs 453. The scrip is currently trading at Rs 734.80, up by 281.80 points or 62.21% from its issue price. It has touched a high and low of Rs 767.10 and Rs 711.50 respectively. So far 7.83 lakh shares were traded on the counter. The offering, which was open for subscription between December 01, 2021 and December 03, 2021, was subscribed 219.04 times. Qualified institutional buyers had ...
Tega Industries lists with 66% premium on the BSE
Tega Industries lists with 66% premium on the BSE
Source: Accord Fintech
13/12/2021 12:05:47 PM
IPO Note - Tega Industries Ltd By Nirmal Bang Company Overview Tega Industries Ltd. (Tega) is a leading manufacturer and distributor of specialized ‘critical to operate’ and recurring consumable products for the global mineral beneficiation, mining and bulk solids handling industry. Globally, they are the 2nd largest producers of polymer-based mill liners. Tega has 6 manufacturing sites, including 3 in India, at Dahej in Gujarat and at Samali and Kalyani in West Bengal, and 3 sites in major mining hubs of Chile, South Afri...
IPO Note - Tega Industries Ltd By Nirmal Bang
IPO Note - Tega Industries Ltd By Nirmal Bang
Source: Nirmal Bang Ltd
1/12/2021 12:54:37 PM
IPO Note - Tega Industries Ltd By Swastika Investmart Established in 1976, Tega Industries is a leading manufacturer and distributor of specialized, critical, and recurring consumable products for the global mineral beneficiation, mining, and bulk solids handling industry. Globally, Tega industries are the second largest producers of polymer-based mill liners, based on revenues for the year 2020. businesses. Company offer comprehensive solutions to marquee global clients in the mineral beneficiation, mining and bulk solids handling industry, thr...
IPO Note - Tega Industries Ltd By Swastika Investmart
IPO Note - Tega Industries Ltd By Swastika Investmart
Source: Swastika Investmart Ltd
30/11/2021 11:03:06 AM
IPO Note - Tega Industries Ltd By Religare Broking Ltd Tega Industries Ltd About the Company Tega Industries Ltd (Tega) is a leading manufacturer and distributor of specialized ‘critical to operate’ and recurring consumable products for the global mineral beneficiation, mining and bulk solids handling industry based on sales as of June 30, 2021. Also, they are the second-largest producer of polymer-based mill liners globally. Their product portfolio comprises more than 55 mineral processing and material handling products. They h...
IPO Note - Tega Industries Ltd By Religare Broking Ltd
IPO Note - Tega Industries Ltd By Religare Broking Ltd
Source: Religare Broking Ltd
29/11/2021 5:55:28 PM
IPO Note - Tega Industries Ltd By Choice Broking Salient features of the IPO: * Tega Industries Limited (TIL) is a leading manufacturer and distributor of specialized ‘critical to operate’ consumables products for the global mineral beneficiation, mining and bulk solid handling industry. * The company focus end-customers are minerals processing sites involved in gold and copper ore beneficiation. * TIL reported sales of Rs806 cr and PAT of Rs136 cr in FY21   Competitive Strengths * A leading prod...
IPO Note - Tega Industries Ltd By Choice Broking
IPO Note - Tega Industries Ltd By Choice Broking
Source: Choice Broking
29/11/2021 3:52:42 PM
Quote on Tega industries files DRHP with SEBI for IPO by Mr. Yash Gupta, Angel Broking Ltd Below is quote on Tega industries files DRHP with SEBI for IPO by Mr. Yash Gupta, Equity Research Associate, Angel Broking Ltd    Tega Industries files DRHP with SEBI for IPO. MM group company, Tega industries is engaged in the business of mining, has filled DRHP (Draft papers) with SEBI (Securities exchange board of India) for the IPO, with an expected IPO size of ₹700-₹750 crores. The majority of IPO size will consist of the offer for sale from ...
Quote on Tega industries files DRHP with SEBI for IPO by Mr. Yash Gupta, Angel Broking Ltd
Quote on Tega industries files DRHP with SEBI for IPO by Mr. Yash Gupta, Angel Broking Ltd
Source: Angel Broking Ltd
18/08/2021 3:12:17 PM