# Tega Industries share price today (Tega Industries Ltd, NSE: TEGA) > Tega Industries share price today: ₹1,699.60 at the NSE close on 3 November 2026, down 12.4% in a year. Tega Industries (NSE: TEGA) is worth ₹12,852 crore, trades at a P/E of 85.6 and has closed between ₹1,485.50 and ₹2,093.40 over the past 52 weeks. > Tega Industries Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. TEGA · Capital Goods - Mining Equipement · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/tega-industries-ltd Sector Alpha also publishes a daily newsletter that explains one Indian stock at a time: https://newsletter.sectoralpha.in/?utm_source=sectoralpha&utm_medium=ai_text&utm_campaign=llms ## Key numbers - Business trend: Getting worse, from the last 12 quarters - Price: ₹1,699.60 (−12.4% in a year) - P/E: 85.6× (higher than 95% of the last 4.6 years) - Revenue (Jun 2026): ₹1,723 Cr (+384.0% on a year ago) - Profit (Jun 2026): −₹108 Cr (−408.6% on a year ago) - Operating margin: 3.2% (−12.8 points on a year ago) - ROCE: 8%, FY26 - ROIC: −0.3%, against a 12.0% cost of capital: −12.3 points Biggest thing to watch: the P/E is higher than 95% of its own history, so the multiple has already done part of the work. ## What is the Tega Industries share price today? Tega Industries Ltd's share price was ₹1,699.60 at the close on 3 November 2026. It has been rising for 4 weeks. That is 3.4% below 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 35% of the way up from that low. 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 +177% 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. ## What changed at Tega Industries this quarter? 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. ## What are Tega Industries' latest quarterly results? 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 | Measure | April to June 2026 | April to June 2025 | Change | | --- | --- | --- | --- | | Revenue | ₹1,723 crore | ₹356 crore | +384.0% | | Profit | loss of ₹108 crore | ₹35.0 crore | −408.6% | | Earnings per share | ₹−14.41 | ₹5.31 | −371.4% | | Operating margin | 3.2% | 16.0% | −12.8 points | 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.) ## What is the Tega Industries share price history? Tega Industries closed at ₹1,699.60 on 3 November 2026, down 12.4% from ₹1,939.10 a year earlier (31 October 2025) and up 176.6% 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 | When | Close | Change to 3 Nov 2026 | | --- | --- | --- | | 1 week ago · 23 Oct 2026 | ₹1,723.50 | −1.4% | | 1 month ago · 1 Oct 2026 | ₹2,093.40 | −18.8% | | 6 months ago · 30 Apr 2026 | ₹1,663.40 | +2.2% | | 1 year ago · 31 Oct 2025 | ₹1,939.10 | −12.4% | | 3 years ago · 3 Nov 2023 | ₹1,004.00 | +69.3% | | 5 years ago · 17 Dec 2021 | ₹614.50 | +176.6% | | Earliest weekly close in our records · 17 Dec 2021 | ₹614.50 | +176.6% | | Highest weekly close since December 2021 · 8 Nov 2024 | ₹2,182.10 | −22.1% | | Lowest weekly close since December 2021 · 25 Feb 2022 | ₹418.95 | +305.7% | | 52-week high (weekly close) · 1 Oct 2026 | ₹2,093.40 | −18.8% | | 52-week low (weekly close) · 31 Jul 2026 | ₹1,485.50 | +14.4% | Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (261 weekly closes from 17 December 2021 to 3 November 2026.) ## What is the latest news on Tega Industries? 3 Nov 2026: Tega Industries closed at ₹1,699.60, down 1.4% on the week and down 18.8% 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. ## What dividend does Tega Industries pay? Tega Industries paid ₹2 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 0.12% at the ₹1,699.60 close on 3 November 2026. The last was a dividend of ₹2 a share, ex-date 11 September 2026. ### Tega Industries dividends since 1 April 2021 | Ex-date | Dividend per share | Type | Record date | | --- | --- | --- | --- | | 11 Sep 2026 | ₹2 | Dividend | 14 Sep 2026 | | 8 Sep 2025 | ₹2 | Dividend | 9 Sep 2025 | | 9 Aug 2024 | ₹2 | Dividend | 10 Aug 2024 | | 18 Aug 2023 | ₹2 | Dividend | 19 Aug 2023 | Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 3 of 5 Of the last 5 financial years, years with an NSE dividend record 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 4 November 2026.) ## What did Tega Industries management say on the latest results call? 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](https://files.tijorifinance.com/insight/india/45020/Conference Call/CC-Aug26.pdf). (From the call for April to June 2026, 13 August 2026.) ## What to watch in Tega Industries' next results? 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. - What to check (from the call) - Molycop integration execution - check margin stability and first shared-customer cross-sales traction as teams move into commercial execution. - Chile commissioning and regulatory-clearance sequence - check whether commercial production remains on the newly stated schedule. - Net debt trajectory and non-core land monetization - check cash reduction after bar-payment timing and whether identified parcels reach sale. - Equipment customer clearances and order conversion - check whether project-pipeline execution restores shipments and profitability. ## Which stock lists is Tega Industries on? Tega Industries is on 2 of our India lists: Breakout stocks and Small & mid cap stocks. - [Breakout stocks Breakout date: 23 October 2026](https://www.sectoralpha.in/breakout-stocks-india) - [Small & mid cap stocks Size rank in India: 491](https://www.sectoralpha.in/small-cap-stocks-india) ## Is Tega Industries profitable? 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. 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. ## How much revenue does Tega Industries make, and is it growing? 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. 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). ## How much of every ₹100 of sales does Tega Industries keep? 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. 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. ## Is Tega Industries' profit turning into cash? 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. 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. ## Where does Tega Industries' cash go? 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. 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. ## What is Tega Industries' P/E ratio, and how does it compare with its own history? 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. Why the multiple is where it is: over the past year earnings per share moved −36.9% while the price moved −12.4%. 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 +19.2% a year; about −11.8% a year came from earnings growth and about +31.0 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. ## Is the Tega Industries business getting better or worse? 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. Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind. ## How much does Tega Industries earn on its capital? 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. 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. ## Does Tega Industries have too much debt? 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. ## What is the Tega Industries shareholding pattern? 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. 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. ## How far is Tega Industries from balance-sheet trouble? 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. ## How does Tega Industries rank in its industry? 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. ## Which companies is Tega Industries compared with? Tega Industries ranks 3 of 3 Capital Goods - Mining Equipement companies on the 4-Factor Sector Score, with 36.2 out of 100. 1. [Elecon Engineering Company Ltd](https://www.sectoralpha.in/stocks/elecon-engineering-company-ltd) ELECON · turning · Evidence leans down · 90% evidence 45.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 8.1/35 · Revenue 2.6% · Profit -52.8% · Operating margin change 1 points · 100% evidence Capital efficiency 20.1/25 · ROCE 20.9% · Operating margin 23% · 100% evidence Valuation 9.5/20 · P/E 30.3× · PEG 1.81 · 50% evidence Relative strength 7.6/20 · Lead over its industry -3.9% · Lead over NIFTY 500 -3.8% · 1 year -25.2% · 100% evidence · 3 of 12 weeks ahead Exact sum: 8.1 + 20.1 + 9.5 + 7.6 = 45.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [AIA Engineering Ltd](https://www.sectoralpha.in/stocks/aia-engineering-ltd) AIAENG · quiet · Evidence leans down · 93% evidence 42.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.4/35 · Revenue 5.6% · Profit 14.4% · Operating margin change -3 points · 88% evidence Capital efficiency 21.2/25 · ROCE 21.1% · Operating margin 26% · 100% evidence Valuation 7.2/20 · P/E 26.4× · PEG 4.6 · 85% evidence Relative strength 0.0/20 · Lead over its industry -6.4% · Lead over NIFTY 500 -6.2% · 1 year 10.6% · 100% evidence · 2 of 12 weeks ahead Exact sum: 14.4 + 21.2 + 7.2 + 0 = 42.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. Tega Industries Ltd this page TEGA · breaking out · Evidence leans down · 61% evidence 36.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 10.7/35 · Revenue 85% · Profit -80% · Operating margin change -12.8 points · 88% evidence Capital efficiency 5.7/25 · ROCE 8.1% · Operating margin 3.2% · 100% evidence Valuation 10.0/20 · P/E 579.5× · PEG n/a · 0% evidence Relative strength 9.8/20 · Lead over its industry n/a · Lead over NIFTY 500 -0.3% · 1 year -13.2% · 25% evidence · 7 of 12 weeks ahead Exact sum: 10.7 + 5.7 + 10 + 9.8 = 36.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 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](https://www.sectoralpha.in/sectors/capital-goods-mining-equipement), all 3 compared on one page. ## Which companies are close to Tega Industries in size? 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](https://www.sectoralpha.in/stocks/aia-engineering-ltd) ₹33,557 crore 2. Tega Industries Ltd ₹12,726 crore 3. [Elecon Engineering Company Ltd](https://www.sectoralpha.in/stocks/elecon-engineering-company-ltd) ₹9,419 crore [All 3 Capital Goods - Mining Equipement companies, largest first](https://www.sectoralpha.in/sectors/capital-goods-mining-equipement#all-companies) ### Companies close in size in other industries 1. [Supreme Petrochem Ltd](https://www.sectoralpha.in/stocks/supreme-petrochem-ltd) ₹12,755 crore · Petrochem - Polymers 2. [Central Mine Planning & Design Institute Ltd](https://www.sectoralpha.in/stocks/central-mine-planning-design-institute-ltd) ₹12,742 crore · Miscellaneous 3. Tega Industries Ltd ₹12,726 crore 4. [Kirloskar Brothers Ltd](https://www.sectoralpha.in/stocks/kirloskar-brothers-ltd) ₹12,720 crore · Pumps 5. [Ingersoll-Rand (India) Ltd](https://www.sectoralpha.in/stocks/ingersoll-rand-indialtd) ₹12,717 crore · Compressors ## What else do people ask about Tega Industries? ### What is Tega Industries's share price today? Tega Industries Ltd's share price is ₹1,699.60, −12.4% over the past year. The whole company is worth ₹12,852 Cr on the market. In the last 52 weeks it traded between ₹1,486 to ₹2,093; today it is 35% of the way up from the low, 3.4% below its 200-day average (as of 3 November 2026). ### What were Tega Industries's latest quarterly results? Tega Industries Ltd reported revenue of ₹1,723 Cr and a net loss of ₹108 Cr for the Jun 2026 quarter. Revenue rose 384.0% and profit fell 408.6% compared with a year earlier. Earnings per share were −₹14.41. The operating margin was 3.2%, 12.8 percentage points lower than a year earlier (as of 3 November 2026). ### What is Tega Industries's market cap? Tega Industries Ltd's market capitalisation is ₹12,852 Cr at a share price of ₹1,699.60. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Tega Industries performing? Tega Industries Ltd's share price has been rising for 4 weeks. In its latest quarter, revenue rose 384.0% and profit fell 408.6% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 10 weeks running (as of 3 November 2026). ### Will Tega Industries's share price go up? This page does not forecast Tega Industries Ltd's share price. What it shows instead: the share price is ₹1,699.60, and it has been rising for 4 weeks. Its P/E of 85.6× is higher than 95% of its own last 5 years (as of 3 November 2026). ### Who owns Tega Industries? Promoters own 67.1% of Tega Industries Ltd, foreign institutions 2.7%, domestic institutions 16.9% and the public 13.4% (latest quarter). The biggest change over the last two years: Promoters cut their stake by 7.7 percentage points over 8 quarters (as of 3 November 2026). ### Where is Tega Industries in its business cycle? Tega Industries Ltd's FY26 operating margin was 14.0%, against a 12-year range of 6.0% to 24.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 3.2%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Tega Industries story? Biggest thing to watch: the P/E is higher than 95% of its own history, so the multiple has already done part of the work. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Tega Industries a stock worth studying right now? What the numbers show: Tega Industries Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Tega Industries share price forecast for 2026? What management itself guided: Molycop synergies approximately $20 million over the next 2 to 2.5 years. ## Lists - Breakout stocks: https://www.sectoralpha.in/breakout-stocks-india - Small & mid cap stocks: https://www.sectoralpha.in/small-cap-stocks-india This is research, not advice. We’re not SEBI-registered.