Tega Industries Ltd
NSE:TEGA
Tega Industries Ltd
In the evolving landscape of the mining industry, Tega Industries Ltd. has carved out a unique niche by specializing in the design and production of critical engineering components. Established in 1976, Tega Industries provides solutions that are pivotal to mining and mineral processing operations across the globe. Central to the company’s success is its diverse range of products such as mill liners, hydrocyclones, and screens, all engineered to enhance productivity and efficiency in mineral extraction. These products are not just manufactured but tailored to optimize the operations of their clients' machinery, offering durability, enhanced performance, and cost-effectiveness. This value proposition has propelled Tega into the limelight as a key player capable of meeting the intricate demands of the mining sector.
Tega derives its revenue by collaborating closely with mining companies, understanding their specific challenges, and delivering customized wear-resistant solutions that minimize operational downtime and maximize throughput. The company’s strategic emphasis on research and development allows it to innovate continually and adapt its product offerings according to the dynamic needs of the industry, enhancing its competitive edge. With a footprint that spans global mining hotspots, Tega has managed to achieve a symbiotic relationship with its clients, ensuring a stream of recurring revenue through after-market services and maintenance. This business model not only fortifies client loyalty but also insulates Tega against the cyclical nature of the commodity markets, ensuring a resilient revenue stream.
In the evolving landscape of the mining industry, Tega Industries Ltd. has carved out a unique niche by specializing in the design and production of critical engineering components. Established in 1976, Tega Industries provides solutions that are pivotal to mining and mineral processing operations across the globe. Central to the company’s success is its diverse range of products such as mill liners, hydrocyclones, and screens, all engineered to enhance productivity and efficiency in mineral extraction. These products are not just manufactured but tailored to optimize the operations of their clients' machinery, offering durability, enhanced performance, and cost-effectiveness. This value proposition has propelled Tega into the limelight as a key player capable of meeting the intricate demands of the mining sector.
Tega derives its revenue by collaborating closely with mining companies, understanding their specific challenges, and delivering customized wear-resistant solutions that minimize operational downtime and maximize throughput. The company’s strategic emphasis on research and development allows it to innovate continually and adapt its product offerings according to the dynamic needs of the industry, enhancing its competitive edge. With a footprint that spans global mining hotspots, Tega has managed to achieve a symbiotic relationship with its clients, ensuring a stream of recurring revenue through after-market services and maintenance. This business model not only fortifies client loyalty but also insulates Tega against the cyclical nature of the commodity markets, ensuring a resilient revenue stream.
Revenue Growth: Tega Industries reported 6% year-on-year revenue growth for the 9 months ended December '25, with consolidated revenue at INR 1,210.3 crores.
Margins Impacted: EBITDA margin for the 9-month period was 18%, below last year's 20%, due to one-time acquisition expenses and labor code charges. Excluding these, margins would be above 20%.
Equipment Business Strength: Equipment segment revenue surged 34% year-on-year for the 9-month period, with a positive turnaround at the profit-before-tax level.
Order Book Visibility: The company holds a strong order book of INR 1,114.02 crores as of December 31, with INR 810.2 crores executable in the next 12 months.
Molycop Acquisition Update: Tega has increased its stake to 84% in Molycop; financing is secured through a mix of equity, internal accruals, and debt. Transaction expected to close by March, though some spillover is possible.
Consumables Segment Outlook: Consumables revenue growth was muted at 2% year-to-date due to order timing delays, but management expects high single-digit growth for the full year.
Guidance: Management maintains a long-term 15% CAGR growth expectation, with current year group-level growth likely in double digits and equipment segment growth expected at 28–30%.
