Tega Industries share price today

Tega Industries Ltd's share price was ₹1,814.70 at the close on 4 November 2026. It has been rising for 4 weeks. That is 3.2% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹1,486 and ₹2,093, and at that close it sat 54% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Tega Industries Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 10 weeks in a row.

Over the last 4.9 years the share price moved +195% while the NIFTY 500 moved +50%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: lowest operating margin in 15 quarters, revenue grew again in the June 2026 quarter and indian funds and insurers (DIIs) cut their stake for 3 quarters in a row.

1. Lowest operating margin in 15 quarters

   Operating margin was 3.2% in the June 2026 quarter, against 16% a year earlier.

   Why: The reported margin was pulled down by one-time costs for the Molycop deal and its integration, which the company did not count in its preferred profit figure.

   Next results: check whether those deal costs stop and the margin stays near the level management expects.

   From the earnings call on 13 Aug 2026.

2. Revenue grew again in the June 2026 quarter

   Revenue was ₹1,723 crore, +384% on a year earlier (₹356 crore), after 2 quarters of decline.

   Why: Revenue jumped because the company included the newly acquired Molycop business in its group accounts for the first time, adding its mining supplies sales.

   From the earnings call on 13 Aug 2026.

3. Indian funds and insurers (DIIs) cut their stake for 3 quarters in a row

   From 19% to 16.9% of the company by the October 2026 quarter.

For April to June 2026 (the quarter ended 30 June 2026), Tega Industries reported revenue of ₹1,723 crore, up 384.0% from ₹356 crore a year earlier, and a loss of ₹108 crore, down 408.6% from ₹35.0 crore.

Tega Industries results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Tega Industries' management discussed these results on a call held on 13 August 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Tega Industries closed at ₹1,814.70 on 4 November 2026, down 4.8% from ₹1,906.20 a year earlier (7 November 2025) and up 195.3% over five years. Its highest weekly close since December 2021 was ₹2,182.10 on 8 November 2024.

Tega Industries share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

261 weekly closes from 17 December 2021 to 4 November 2026.

4 Nov 2026: Tega Industries closed at ₹1,814.70, up 7.8% on the week and down 13.3% on the month. 11 Sep 2026: ex-date for a dividend of ₹2 a share, record date 14 Sep 2026.

Earlier

• 13 Aug 2026: Tega Industries held its results call for April to June 2026. Management guided: Molycop synergies approximately $20 million over the next 2 to 2.5 years.
• Results for April to June 2026: Revenue up 384.0% and profit down 408.6% on a year earlier.

Tega Industries paid ₹2 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.11% at the ₹1,814.70 close on 4 November 2026. The last was a dividend of ₹2 a share, ex-date 11 September 2026.

Tega Industries dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Tega Industries Ltd paid out 11% of its profit as dividends in FY26, and it paid a dividend in 4 of its last 12 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 13 August 2026, Tega Industries' management guided: Molycop synergies approximately $20 million over the next 2 to 2.5 years.

“The Chile plant is on track. We are looking at soft commissioning around January 2027, with commercial production starting in March. Of course, this is subject to receiving certain regulatory approvals locally.”Mehul Mohanka, on the call for April to June 2026

What management guided

• Consolidated operating margin to remain around the Q1 reported level for FY27.
• Legacy consumables revenue growth maintained at approximately 15% yearly growth over the long term.
• Cross-sales revenue ramp-up expected from Q3 to Q4 onwards of FY27.
• Molycop 10-month comparable volume growth approximately 5% and operating profit growth around 4%; margin relatively flat in upcoming quarters, with no further recurring acquisition costs expected.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 13 August 2026.

When Tega Industries reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Molycop integration execution - check margin stability and first shared-customer cross-sales traction as teams move into commercial execution.

Tega Industries is on 2 of our India lists: Breakout stocks and Small & mid cap stocks.

Tega Industries Ltd posted a net loss of ₹108 Cr in the Jun 2026 quarter. Full-year FY26 profit was ₹143 Cr. That loss is 6.3% of the quarter's revenue. The same quarter a year earlier earned ₹35.0 Cr. 1 of the last 12 reported quarters were loss-making.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

Jun 2026 profit was −₹108 Cr, −408.6% on a year earlier. For the full year, FY26 profit was ₹143 Cr (−28.5% on the year before).

Why profit moved: revenue changed +384.0% on a year earlier and the margin moved −12.8 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed +3.4% and revenue +99.0%. Profit is growing slower than sales: rising costs are taking part of the growth.

Tega Industries Ltd reported ₹1,723 Cr of revenue in the Jun 2026 quarter, +384.0% on the same quarter a year earlier. Over 10 years it has grown 12.2% a year on average. The last full year, FY26, came in at ₹1,692 Cr. The last four reported quarters add to ₹3,059 Cr.

Revenue is everything the company billed its customers in the period.

FY26 revenue was ₹1,692 Cr, +3.2% on the year before.

Recent pace: the last four quarters grew +99.0% on average, against 12.2% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +84.9%, against +39.9% a year over the last 8 quarters (accelerating); profit over the last 12 months grew −100.0%, against −100.0% a year (stabilising).

Tega Industries Ltd's operating margin was 3.2% in the Jun 2026 quarter, 12.8 percentage points lower than the same quarter a year ago. Across 12 years it has been between 6.0% and 24.0%. The latest quarter is below every full year in that period.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −12.4 percentage points on the year while gross margin changed −16.6 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 148% of Tega Industries Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹350 Cr of operating cash against ₹143 Cr of profit. After ₹196 Cr of spending on assets, ₹154 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 148% of profit came in as cash: the cash cycle got 15 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: the bigger use of cash is spending on new assets, at 1.8× depreciation over three years. The next section checks what that spending is building.

Tega Industries Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 153 days in FY26, down from 168 days in FY21. It spent ₹472 Cr on assets over the last 3 years. Customers take 97 days to pay, and stock sits for 233 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹1,692 Cr, each day of that cycle ties up about ₹4.6 Cr, so roughly ₹709 Cr is tied up in the business at any time.

FY26: customers took 97 days to pay and stock sat for 233 days, about 7.7 months of sales sitting as stock, for a full cycle of 153 days, shorter than FY21's 168.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 233 days. Customers pay about 97 days after that. Suppliers are paid at 178 days. Together that makes the 153-day cycle.

Spending on assets: ₹472 Cr over the last 3 years, against ₹260 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹111 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Tega Industries Ltd's P/E is 85.6×, near the high end of its own history: higher than 95% of past readings. Its usual P/E (the middle reading) is 47.8×, over 4.6 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

Why the multiple is where it is: over the past year earnings per share moved −36.9% while the price moved −4.8%. The price did better than earnings, which pushed the multiple up within its own range.

Where the price move came from: over 3 years the price moved +21.8% a year; about −11.8% a year came from earnings growth and about +33.6 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple.

In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple.

Tega Industries Ltd's business is getting worse. Profit and EPS growth are shrinking: profit growth is −100.0% in the latest quarter, against +39.6% at its best in 12 quarters, with ROCE falling at 6.8%. This is based on 12 quarters of 4 measures.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Tega Industries Ltd earned a ROCE of 8% in FY26. That is up from a low of 3% in FY17. Its return on capital used (ROIC) is 12.3 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses.

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

It comes from a 8.5% net margin and 0.39× asset turnover (sales divided by assets).

Why the return is what it is (FY26): a 8.5% net margin × 0.39× asset turnover × 1.27× leverage (assets divided by equity) ≈ 4.2% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed.

The key test, return on capital used minus the cost of capital: −0.3% − 12.0% = −12.3 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve.

The −0.3% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 5.1%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method.

Tega Industries Ltd has total debt of ₹398 Cr against shareholder equity of ₹3,407 Cr as of Jun 2026, so its debt is 0.12× its equity, which is very little. Year by year, that ratio went from 0.33 in FY22 to 0.12 in FY26. So the returns on this page come from the business, not from borrowed money.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

Promoters cut their stake in Tega Industries Ltd by 7.7 percentage points over 8 quarters, the biggest change among its owners. Promoters now own 67.1% of the company. Domestic institutions moved −2.1 points over the same period, to 16.9%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Promoters: −7.7 points over 8 quarters, to 67.1%; Domestic institutions: −2.1 points over 8 quarters, to 16.9%; Foreign institutions: +1.0 points over 8 quarters, to 2.7%.

Why the owners changed: promoters drove it (−7.7 points), together with domestic institutions (−2.1 points). They reduced their stake.

For Tega Industries Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

36.2 out of 100, rank 3 of 3 in Capital Goods - Mining Equipement, with 61% of the evidence available.

Tega Industries Ltd scores 36.2 out of 100 against the 3 companies it is compared with in Capital Goods - Mining Equipement, ranking 3. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.

The four parts add up to the total exactly: 10.7 + 5.7 + 10 + 9.8 = 36.2. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

Tega Industries ranks 3 of 3 Capital Goods - Mining Equipement companies on the 4-Factor Sector Score, with 36.2 out of 100.

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: Capital Goods - Mining Equipement, all 3 compared on one page.

Tega Industries is the 2nd largest of 3 Capital Goods - Mining Equipement companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: AIA Engineering. Just below it: Elecon Engineering Company.

Capital Goods - Mining Equipement companies close in size

1. AIA Engineering Ltd ₹33,557 crore
2. Tega Industries Ltd ₹12,726 crore
3. Elecon Engineering Company Ltd ₹9,419 crore

All 3 Capital Goods - Mining Equipement companies, largest first

Companies close in size in other industries

508. Supreme Petrochem Ltd ₹12,755 crore · Petrochem - Polymers
509. Central Mine Planning & Design Institute Ltd ₹12,742 crore · Miscellaneous
510. Tega Industries Ltd ₹12,726 crore
511. Kirloskar Brothers Ltd ₹12,720 crore · Pumps
512. Ingersoll-Rand (India) Ltd ₹12,717 crore · Compressors

Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

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