Sector Alpha Week of 2026-07-31
Sector Alpha — machine-written from the numbers · Data as of 2026-07-31

Tembo Global Industries Ltd

TEMBO
Trading

Tembo Global Industries Ltd's earnings have outrun its stock. EPS grew +49.5% in a year against a +10.7% price move.

The sharpest disagreement: profits are rising, but only −92% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch.

The price is in a downtrend (2 weeks in) while the P/E sits at the 5th percentile of its own 6-year range. Underneath, the last four quarters read improving — profit +87.5% year on year, and −92% of the last 3 years' profit arrived as cash. What settles it: whether the cash starts following the profit.

Stage
Mixed
partial read
Price
₹553
+10.7% 1Y
P/E
11.2×
5th pctile
of its own 6-year range
Revenue (Mar 26)
₹346 Cr
+26.3% YoY
Profit (Mar 26)
₹30.0 Cr
+87.5% YoY
Operating margin
11.0%
+1.0 pp YoY
ROCE
23%
FY26
ROIC
18.1%
vs WACC 12.0% → +6.1 pp
Cash conversion
−92%
of profit, last 3 FY
Unverified figures: Some figures on this page come from a second financial-data feed that could not be cross-checked against the primary source — the two do not share enough overlapping reported history to compare. They are drawn, because they are the only evidence there is, and every section carrying one is marked unverified. PEG is the exception: the quarterly curve is not drawn at all. PEG asks what is being paid for growth — both sides of that division come from the source that could not be checked, so it is withheld instead of marked.
01 · Price story

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Tembo Global Industries Ltd trades at ₹553, in a downtrend and 2 weeks into that stage. That is −3.4% against its own 200-day average. It sits at 27% of a 52-week range of ₹467 to ₹781. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (8 weeks and counting).

Today the stock is in a downtrend — week 2 of stage 4, confirmed. At ₹553 it trades −3.4% versus its 200-day average and sits at 27% of its 52-week range (₹467–₹781).

Jul 26: ₹553 Weekly closing price (₹) with 50- and 200-day averages; shaded bands mark the price stage (grey base, green advance, amber top, red decline). 3-year window.
−3.4% versus the 200-day line, week 2 of stage 4
Price50-day avg200-day avg
S2S4S2S4S2S4₹913₹719₹526₹332₹139₹553₹573Jul 23May 24Feb 25Nov 25Jul 26
S2S4S2S4S2S4₹913₹719₹526₹332₹139₹553₹573Jul 23Feb 25Jul 26
Beating or trailing, week by week since 2018 Each cell is one week from 2018 to now (378 weeks): the stock's trailing 13-week return minus the NIFTY 500's, green ahead / red behind (±25% ramp). Grey cells are the 13-week warm-up or weeks where the NIFTY 500 reading is not held.
trailing 13-week return vs the NIFTY 500
Aug 18Jul 26

Against the market, two honest reads. Cumulative: over the last 8.0 years the stock moved +1,605% while the NIFTY 500 moved +138% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (8 weeks and counting; last ahead the week of 2026-06-19) — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

02 · Valuation

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Tembo Global Industries Ltd trades at 11.2× P/E, near the bottom of its own range — cheaper only 5% of the time. Its long-run median P/E is 31.3×, measured across 6.1 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 11.2× is near the bottom of its own range — cheaper only 5% of the time, against a long-run median of 31.3× measured over 6.1 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

One caveat before moving on: margins are the best this company has ever printed — cheap against its own history on record margins is not the same thing as cheap. If profitability mean-reverts, today's multiple is higher than it looks.

P/E 11.2× vs a 31.3× long-run median P/E, weekly (left axis); earnings per share, trailing twelve months, weekly (right axis). 6.1-year window; loss-period spikes above 94× shown pinned at the top. The eps (ttm) bars are red where the reading is lower than the quarter before.
near the bottom of its own range — cheaper only 5% of the time
P/EMedianEPS (TTM) (quarterly)
100.6×₹53.676.3×₹40.252.1×₹26.827.8×₹13.43.5×₹0.0×11.20×₹49Jul 20Feb 22Aug 23Feb 25Jul 26
100.6×₹53.676.3×₹40.252.1×₹26.827.8×₹13.43.5×₹0.0×11.20×₹49Jul 20Aug 23Jul 26
P/E
11.2×
5th percentile of 6y

Why the multiple sits where it does: over the past year annual EPS moved +49.5% against a +10.7% price move — earnings outran the price, pushing the multiple DOWN its own range.

The price move, decomposed: over 5y, of the +23.6%/yr price move, ~+88.2%/yr came from earnings growth and ~−64.6 pp from the multiple (compressing). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.

Put together: the multiple is low against its own past, so the story rests on the earnings line underneath it, not the multiple.

A quarterly PEG curve, which only the second data source carries, is not drawn on this page: its two data sources do not share enough overlapping reported history to be compared. A figure nobody could check is not used to price growth — the gap is a decision, not missing data.

03 · Stage: Mixed

Stage: Mixed Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Tembo Global Industries Ltd reads as mixed on its fundamental arc. Mixed — growth is normalizing off a hyper-growth base: revenue growth has eased from +100.0% at its peak to +26.3% (single-quarter readings) but is still expanding, ROCE holding at 23.0%. The read is built from 10 quarters across 3 curves, on partial evidence.

Growth, year by year: revenue +46.5% in FY26, profit +92.2% Year-over-year growth per fiscal year, %: revenue (left axis); net profit and EPS (right axis — profit growth swings far wider). Zero line drawn.
Revenue YoYProfit YoYEPS YoY
79%285%66%209%54%132%41%56%28%−21%%%46.5%92.2%FY20FY23FY26
79%285%66%209%54%132%41%56%28%−21%%%46.5%92.2%FY20FY23FY26
Three growth curves, twelve quarters Year-on-year growth of trailing-twelve-month revenue (left axis), profit and EPS (right axis — they swing far wider), % at each quarter-end. Where the trailing-twelve-month history is short, the curve falls back to single-quarter year-on-year growth — noisier, and the classifier smooths and caps base-effect spikes before reading. Base-effect spikes shown pinned (▲). A missing point means that reading is not held for the quarter.
the trajectory the stage is read from · revenue rolling over, profit rolling over
RevenueProfitEPS
132%322%104%243%75%163%47%84%18%4.8%%%26.3%87.5%26.7%Jun 23Sep 24Mar 26
132%322%104%243%75%163%47%84%18%4.8%%%26.3%87.5%26.7%Jun 23Sep 24Mar 26
ROCE Annual readings — the quarterly balance-sheet pieces this curve needs are not held for this stock, so the returns read moves once a year and carries less weight in the call.
the return curve, annual readings
ROCE
32%28%25%21%17%%23%FY23FY24FY26
32%28%25%21%17%%23%FY23FY24FY26
Revenue growth
Rolling over
latest +26.3% · span +26.3% to +100.0%
Profit growth
Rolling over
latest +87.5% · span +36.8% to +100.0%
ROCE
Steady high
latest 23.0% · span 18.0%–31.0%

Why it matters: when the curves disagree, the per-curve reads above matter more than any single verdict.

One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.

Compound annual growth rate (%) Compound annual growth rate over each window, %. Revenue, profit and EPS from fiscal-year figures; share price is the price CAGR over the same spans. A dash = that window is not held, or the base was a loss.
1yr3yr5yr10yr
Revenue+46.5%+63.4%+60.0%
Profit+92.2%+153.7%+117.8%
EPS+49.5%+111.4%+93.4%
Share price+10.7%+35.5%+23.6%
Revenue YoY (Mar 26)
+26.3%
latest quarter vs a year ago
Profit YoY (Mar 26)
+87.5%
latest quarter vs a year ago
Revenue 10y
54.9%
long-run compound pace
04 · 4-Factor Sector Score

4-Factor Sector Score

55.3/100 — rank 9 of 48 in Trading · 70% evidence confidence

Tembo Global Industries Ltd scores 55.3 out of 100 against the 48 companies it is compared with in Trading, ranking 9. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

The four contributions add to the total exactly: 20 + 18 + 11.3 + 6 = 55.3. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

05 · Revenue

Revenue Revenue is the top line: everything the company billed its customers in the period.

Tembo Global Industries Ltd reported ₹346 Cr of revenue in the Mar 26 quarter, +26.3% year on year. That is the 10th straight quarter of year-on-year growth. Over 6 years it has compounded at 54.9% a year. The last full year, FY26, came in at ₹1,090 Cr. The last four reported quarters add to ₹1,090 Cr.

FY26 revenue came in at ₹1,090 Cr (+46.5% on the year), capping 6 years at 54.9% compound. The latest quarter (Mar 26) printed ₹346 Cr, +26.3% year on year — the 10th consecutive quarter of year-over-year growth.

FY26 revenue ₹1,090 Cr (+46.5% YoY) Revenue bars, ₹ Cr (left); YoY growth-% line (right). 7-year window. A bar is red when it is lower than the year before.
54.9% a year over 6 years
RevenueYoY growth
1.2k79%88366%58954%29441%028%₹ Cr%₹1,09046.5%FY20FY23FY26
1.2k79%88366%58954%29441%028%₹ Cr%₹1,09046.5%FY20FY23FY26
Mar 26: ₹346 Cr (+26.3% YoY) Quarterly revenue bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
10th straight quarter of growth
Revenue (quarterly)YoY growth
374132%280104%18775%9347%018%₹ Cr%₹34626.3%Jun 23Sep 24Mar 26
374132%280104%18775%9347%018%₹ Cr%₹34626.3%Jun 23Sep 24Mar 26

Pace check: the last four quarters averaged +54.7% growth against the decade's 54.9% — the current year is running in line with its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew +48.5% over the last 4 quarters against +58.8%/yr over the last 8 — rolling over; TTM profit +78.2% vs +164.6%/yr — rolling over.

06 · Operating margin

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

Tembo Global Industries Ltd's operating margin is 11.0% in the Mar 26 quarter, +1.0 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across 7 fiscal years the operating margin has ranged 4.7% to 13.0%. The current quarter sits inside that band.

The latest quarter's operating margin is 11.0%, +1.0 pp against the same quarter a year ago. Across 7 fiscal years the operating margin has ranged 4.7%–13.0%, and FY26's 13.0% is the top of that band — a record year.

Why the margin moved: operating margin went +0.8 pp year on year while gross margin went +82.4 pp — the gain came mostly from the gross line: input costs and pricing.

Worth repeating from the valuation section: cheap against its own history on record margins is not the same thing as cheap — a record margin flatters every ratio built on top of it.

FY26: 13.0% Operating margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 7-year window.
the widest a 4.7–13.0% band over 7 years
operating marginYoY change (pp)
14%6.7%11%4.3%8.8%1.8%6.4%−0.6%4.0%−3.0%%%13%1%FY20FY23FY26
14%6.7%11%4.3%8.8%1.8%6.4%−0.6%4.0%−3.0%%%13%1%FY20FY23FY26
Mar 26: 11.0% operating margin (+1.0 pp YoY) Quarterly operating margin, %, line (left); year-on-year change in the margin, in percentage points, line (right). Last 12 quarters. Operating profit as a share of revenue, per quarter.
Operating marginYoY change (pp)
19%15%14%9.9%9.6%5.0%4.6%0.0%−0.3%−4.9%%%11%1%Jun 23Sep 24Mar 26
19%15%14%9.9%9.6%5.0%4.6%0.0%−0.3%−4.9%%%11%1%Jun 23Sep 24Mar 26
07 · Net profit

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Tembo Global Industries Ltd earned ₹30.0 Cr of net profit in the Mar 26 quarter, +87.5% year on year. It is the 10th consecutive quarter of growth. Full-year FY26 profit was ₹98.0 Cr. The 6-year compound rate is 91.3%. That is 8.7% of the quarter's revenue. The same quarter a year earlier earned ₹16.0 Cr.

Mar 26 profit was ₹30.0 Cr, +87.5% year on year — the 10th consecutive quarter of growth. On the full year, FY26 printed ₹98.0 Cr (+92.2%), and the 6-year compound rate is 91.3%.

FY26 profit ₹98.0 Cr (+92.2% YoY) Net profit bars, ₹ Cr (left); YoY growth-% line (right). 7-year window. A bar is red when it is lower than the year before.
91.3% a year over 6 years
Net profitYoY growth
106285%79209%53132%2656%0−21%₹ Cr%₹9892.2%FY20FY23FY26
106285%79209%53132%2656%0−21%₹ Cr%₹9892.2%FY20FY23FY26
Mar 26: ₹30.0 Cr (+87.5% YoY) Quarterly net profit bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
10th straight quarter of growth
Net profit (quarterly)YoY growth
32465%24350%16235%8120%05.1%₹ Cr%₹3087.5%Jun 23Sep 24Mar 26
32465%24350%16235%8120%05.1%₹ Cr%₹3087.5%Jun 23Sep 24Mar 26

Why profit moved: revenue contributed +26.3% and the margin +1.0 pp — the quarter was revenue-led, with the margin roughly flat.

Pace comparison, last four quarters: profit +117.8% vs revenue +54.7%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.

08 · Cash flow — the router

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years −92% of Tembo Global Industries Ltd's reported profit arrived as operating cash — a gap worth watching. In FY26 that was ₹−90.0 Cr of operating cash against ₹98.0 Cr of profit. After ₹83.0 Cr of capital spending, ₹−173 Cr was left as free cash.

FY26: operating cash of ₹−90.0 Cr against reported profit of ₹98.0 Cr, leaving free cash of ₹−173 Cr after ₹83.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is −92% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

FY26: CFO ₹−90.0 Cr vs profit ₹98.0 Cr Operating cash flow and net profit by fiscal year, ₹ Cr; the line is free cash flow (CFO minus capital spending). 7-year window, annual resolution. FY21 reflects an acquisition year — point shown clipped.
−92% of 3-year profit arrived as cash
Operating cashNet profitFree cash
12041−38−116−195₹ Cr₹−90₹98₹−173FY20FY23FY26
12041−38−116−195₹ Cr₹−90₹98₹−173FY20FY23FY26
FY26: CFO = −92% of profit (three-year rate −92%) Operating cash as a share of net profit, per fiscal year, % (line). Dashed line = 100% — every unit of profit arriving as cash.
Conversion100%
160%63%−34%−130%−227%%−92%FY20FY23FY26
160%63%−34%−130%−227%%−92%FY20FY23FY26

🚨 Why conversion sits at −92%: the cash cycle held roughly steady between FY21 and FY26 — so conversion tracks profitability rather than the cycle. Less than 70% of profit arriving as cash is the thing to watch on this page.

Router verdict: the bigger cash user is investment — capital spending ran 14.4× depreciation over three years, so the next section's job is to check what that build-out is buying.

09 · Where the cash goes

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Tembo Global Industries Ltd's cash conversion cycle runs 115 days in FY26, down from 122 days in FY21. Capital spending ran ₹173 Cr over the last 3 years. At FY26 sales of ₹1,090 Cr each day of that cycle holds about ₹3.0 Cr, so roughly ₹343 Cr sits inside the business at any moment.

FY26: debtors at 78 days, inventory at 141 days — roughly 4.6 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 115 days, tighter than FY21's 122.

The full loop: cash goes out to suppliers and production on day 0; stock waits 141 days to sell; customers pay about 78 days after that; and suppliers themselves are paid at 104 days — netting out to the 115-day cycle.

In money terms: at FY26 sales of ₹1,090 Cr, each day of the cycle holds about ₹3.0 Cr — so the 115-day loop keeps roughly ₹343 Cr sitting inside the business at any moment.

FY26: a 115-day cash cycle Debtor days, inventory days, payable days and the cash conversion cycle by fiscal year. 7-year window.
−7 days vs FY21
Cash cycleInventory daysDebtor daysPayable days
150116834915days115d141d78d104dFY20FY21FY23FY24FY26
150116834915days115d141d78d104dFY20FY23FY26

On the investment side: capital spending of ₹173 Cr over the last 3 fiscal years against ₹12.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹68.0 Cr (FY26) — capacity paid for but not yet earning.

FY26: capex ₹83.0 Cr, work-in-progress ₹68.0 Cr Capital spending per fiscal year, ₹ Cr (bars); capital work-in-progress, ₹ Cr (line). Quarterly capital-spending history is not held for India — annual is the honest resolution.
a build-out
CapexWork-in-progress
916845230₹ Cr₹83₹68FY21FY22FY23FY24FY26
916845230₹ Cr₹83₹68FY21FY23FY26

The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.

10 · Return on capital

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.⚠ unverified

Tembo Global Industries Ltd earns a ROCE of 23% in FY26. That is up from a trough of 10% in FY22. Return on invested capital clears the cost of that capital by +6.1 percentage points, so growth here adds value rather than only size. The wiring behind it is 9.0% net margin on 0.83× asset turns.

FY26 ROCE is 23%, recovered from a FY22 trough of 10% — the full ladder below shows the fall and the climb, undoctored.

Why the return is what it is — the wiring (FY26): 9.0% net margin × 0.83× asset turns × 2.88× balance-sheet leverage ≈ 21.5% on equity. Margin does its share; leverage is a meaningful part of the equation.

The capstone test — ROIC − WACC: 18.1% − 12.0% = a +6.1 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. A spread this wide means every rupee reinvested creates more than a rupee of value — the engine compounds.

FY26: ROCE 23% Return on capital employed by fiscal year, % (line); ROIC by fiscal year, % (line). 6-year window, dips included. Dashed line = the 12.0% cost of capital used on this page.
the climb back from FY22's 10%
ROCEROIC (annual)WACC
33%26%19%12%5.0%%23%19%FY21FY23FY26
33%26%19%12%5.0%%23%19%FY21FY23FY26
Q4 FY26: ROCE 20.5% (TTM) vs WACC 12.0% Trailing-twelve-month ROCE and ROIC, per quarter, %; dashed line = the cost of capital. Last 12 quarters, put on a trailing-twelve-month basis and anchored to the annual figure.
ROCE (TTM)ROIC (TTM)WACC
41%33%25%17%9.3%%20.5%20.5%Q1 FY24Q2 FY25Q4 FY26
41%33%25%17%9.3%%20.5%20.5%Q1 FY24Q2 FY25Q4 FY26
11 · Debt

Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.⚠ unverified

Tembo Global Industries Ltd carries total debt of ₹386 Cr against shareholder equity of ₹492 Cr as of Mar 26, a debt-to-equity of 0.78. On the annual view that ratio went from 1.64 in FY22 to 0.78 in FY26. Read the returns elsewhere on this page with that leverage in mind.

Mar 26: total debt of ₹386 Cr against shareholder equity of ₹492 Cr — a debt-to-equity of 0.78. On the annual view, debt-to-equity went from 1.64 (FY22) to 0.78 (FY26). Read the returns on this page with that leverage in mind.

FY26: debt ₹386 Cr at 0.78× equity Total debt by fiscal year, ₹ Cr (bars); debt-to-equity, × (line). 5-year window.
Total debtDebt-to-equity
4171.7×3131.5×2081.2×1040.9×00.7×₹ Cr×₹3860.78×FY22FY24FY26
4171.7×3131.5×2081.2×1040.9×00.7×₹ Cr×₹3860.78×FY22FY24FY26
Mar 26: debt ₹386 Cr, debt-to-equity 0.78 Total debt per quarter, ₹ Cr (bars); debt-to-equity, × (line). Last 12 quarters. India reports the full balance sheet half-yearly, so the intervening quarter carries the prior reading forward.
Total debt (quarterly)Debt-to-equity
4172.8×3132.3×2081.7×1041.2×00.6×₹ Cr×₹3860.78×Jun 23Sep 24Mar 26
4172.8×3132.3×2081.7×1041.2×00.6×₹ Cr×₹3860.78×Jun 23Sep 24Mar 26
12 · Ownership

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

Promoters cut 16.4 points of Tembo Global Industries Ltd over 8 quarters, the biggest move on the register. That takes promoters to 39.0% of the company. Foreign institutions moved +7.6 points over the same window, to 8.3%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Promoters: −16.4 points over 8 quarters to 39.0%; Foreign institutions: +7.6 points over 8 quarters to 8.3%; Domestic institutions: +1.6 points over 8 quarters to 1.6%.

🚨 Why the register moved: promoters drove it (−16.4 points), absorbed on the other side by foreign institutions (+7.6 points) — distribution into the market’s bid.

Fiscal-year ends: promoters −19.0 pts from Mar 24 to Mar 26 Shareholding at each fiscal-year end (March quarter), % of the company. 3 year-ends held.
PromotersForeign inst.Domestic inst.Public
61%45%28%12%−4.5%%36.4%8.6%0.9%54.1%Mar 24Mar 25Mar 26
61%45%28%12%−4.5%%36.4%8.6%0.9%54.1%Mar 24Mar 25Mar 26
Promoters cut 16.4 points over 8 quarters Shareholding by holder class, % of the company, quarterly, last 13 quarters.
PromotersForeign inst.Domestic inst.Public
63%46%29%12%−4.7%%39.0%8.3%1.6%51.1%Sep 23Mar 25Jul 26
63%46%29%12%−4.7%%39.0%8.3%1.6%51.1%Sep 23Mar 25Jul 26
13 · Safety line

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Tembo Global Industries Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

14 · Related companies · Trading
CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1Rashi Peripherals LtdRPTECH 67.0/100Favorable setup71% evidence LEADER 21.1/35 Revenue 14.9% · PAT 34.8% · OPM change -0.1 pp 83% evidence 15.3/25 ROCE 16.8% · OPM 3% 76% evidence 10.8/20 P/E 19.8× · PEG — 15% evidence 19.8/20 RS sector 68.7% · RS bench 92.3% · 1Y 182.2%12 of 12 weeks ahead 100% evidence
Exact sum: 21.1 + 15.3 + 10.8 + 19.8 = 67 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2Magnus Steel & Infra Ltd517320 66.9/100Thin evidence · provisional56% evidence 27.1/35 Revenue 100% · PAT 100% · OPM change 1.6 pp 83% evidence 18.6/25 ROCE 171% · OPM 21.3% 76% evidence 9.2/20 P/E 92.5× · PEG — 15% evidence 12.0/20 RS sector — · RS bench 46.1% · 1Y 1449.6%6 of 7 weeks ahead to 2026-06-28 25% evidence
Exact sum: 27.1 + 18.6 + 9.2 + 12 = 66.9 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
3Shankara Buildpro LtdBUILDPRO 63.2/100Thin evidence · provisional59% evidence TURNING 25.3/35 Revenue 28.8% · PAT 68.4% · OPM change 0.5 pp 88% evidence 17.3/25 ROCE 39% · OPM 3.5% 100% evidence 10.6/20 P/E 23.2× · PEG — 15% evidence 10.0/20 RS sector — · RS bench — · 1Y —8 of 12 weeks ahead 0% evidence
Exact sum: 25.3 + 17.3 + 10.6 + 10 = 63.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
4Mangalam Global Enterprise LtdMGEL 63.0/100Mixed-positive evidence65% evidence TURNING 24.4/35 Revenue 41.4% · PAT 100% · OPM change 0.5 pp 95% evidence 16.6/25 ROCE 17% · OPM 1.9% 95% evidence 11.1/20 P/E 14.2× · PEG — 15% evidence 10.9/20 RS sector — · RS bench 10.1% · 1Y —3 of 3 weeks ahead 25% evidence
Exact sum: 24.4 + 16.6 + 11.1 + 10.9 = 63 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5Vision Infra Equipment Solutions LtdVIESL 60.7/100Thin evidence · provisional51% evidence LEADER 18.8/35 Revenue — · PAT — · OPM change 2 pp 13% evidence 19.0/25 ROCE 19.6% · OPM 27% 95% evidence 10.5/20 P/E 25.1× · PEG — 15% evidence 12.4/20 RS sector 4.4% · RS bench 20.9% · 1Y 93.4%12 of 12 weeks ahead 100% evidence
Exact sum: 18.8 + 19 + 10.5 + 12.4 = 60.7 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
6Euro Pratik Sales LtdEUROPRATIK 60.5/100Mixed-positive evidence69% evidence TURNING 14.5/35 Revenue 18% · PAT 4% · OPM change 1 pp 88% evidence 21.1/25 ROCE 38.4% · OPM 27% 100% evidence 14.9/20 P/E 37.6× · PEG 0.62 65% evidence 10.0/20 RS sector — · RS bench — · 1Y —7 of 10 weeks ahead 0% evidence
Exact sum: 14.5 + 21.1 + 14.9 + 10 = 60.5 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
7Sudarshan Pharma Industries Ltd543828 59.8/100Mixed-positive evidence78% evidence LEADER 18.5/35 Revenue 38.9% · PAT 53.3% · OPM change -1 pp 83% evidence 14.3/25 ROCE 15.1% · OPM 9% 76% evidence 9.1/20 P/E 39.1× · PEG — 50% evidence 17.9/20 RS sector 9% · RS bench 27.5% · 1Y 45.7%12 of 12 weeks ahead 100% evidence
Exact sum: 18.5 + 14.3 + 9.1 + 17.9 = 59.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
8Lloyds Enterprises LtdLLOYDSENT 55.6/100Mixed-positive evidence71% evidence LEADER 21.4/35 Revenue 18.2% · PAT 100% · OPM change 1 pp 83% evidence 9.8/25 ROCE 3.7% · OPM 6% 76% evidence 8.7/20 P/E 1106× · PEG — 15% evidence 15.7/20 RS sector 4% · RS bench 22.5% · 1Y 10.6%12 of 12 weeks ahead 100% evidence
Exact sum: 21.4 + 9.8 + 8.7 + 15.7 = 55.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
9Tembo Global Industries Ltdthis pageTEMBO 55.3/100Mixed-positive evidence70% evidence ASLEEP 20.0/35 Revenue 48.5% · PAT 78.2% · OPM change 1 pp 83% evidence 18.0/25 ROCE 22.8% · OPM 11% 95% evidence 11.3/20 P/E 11.2× · PEG — 15% evidence 6.0/20 RS sector -24.8% · RS bench -8.2% · 1Y 10.6%5 of 10 weeks ahead 70% evidence
Exact sum: 20 + 18 + 11.3 + 6 = 55.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
10Yogi Ltd511702 54.5/100Mixed-positive evidence61% evidence BREAKING OUT 24.2/35 Revenue 100% · PAT 100% · OPM change 3.6 pp 53% evidence 11.3/25 ROCE 12.8% · OPM 4.4% 76% evidence 10.0/20 P/E 36.4× · PEG — 15% evidence 9.0/20 RS sector -17.5% · RS bench -2.5% · 1Y -13.7%3 of 12 weeks ahead 100% evidence
Exact sum: 24.2 + 11.3 + 10 + 9 = 54.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
11Nupur Recyclers LtdNRL 53.8/100Mixed-positive evidence68% evidence TURNING 15.9/35 Revenue 36.4% · PAT 1.2% · OPM change 1.1 pp 83% evidence 16.1/25 ROCE 15.1% · OPM 6.4% 95% evidence 9.6/20 P/E 51.8× · PEG — 50% evidence 12.2/20 RS sector — · RS bench 60.1% · 1Y —2 of 2 weeks ahead 25% evidence
Exact sum: 15.9 + 16.1 + 9.6 + 12.2 = 53.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
12Arisinfra Solutions LtdARIS 53.5/100Thin evidence · provisional53% evidence ASLEEP 18.1/35 Revenue 39.1% · PAT 100% · OPM change 4.5 pp 62% evidence 15.3/25 ROCE 15.6% · OPM 9% 95% evidence 10.9/20 P/E 19.3× · PEG — 15% evidence 9.2/20 RS sector — · RS bench -2.4% · 1Y -11.4%4 of 10 weeks ahead 25% evidence
Exact sum: 18.1 + 15.3 + 10.9 + 9.2 = 53.5 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
13Aayush Art and Bullion Ltd540718 53.4/100Thin evidence · provisional54% evidence TURNING 20.9/35 Revenue 100% · PAT — · OPM change 1.6 pp 35% evidence 13.8/25 ROCE 18.9% · OPM 6% 76% evidence 9.0/20 P/E 233× · PEG — 15% evidence 9.7/20 RS sector -7.3% · RS bench 8.5% · 1Y 31.9%3 of 12 weeks ahead 100% evidence
Exact sum: 20.9 + 13.8 + 9 + 9.7 = 53.4 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
14Onix Solar Energy Ltd513119 52.1/100Mixed-positive evidence75% evidence ASLEEP 22.1/35 Revenue 100% · PAT 100% · OPM change 23 pp 95% evidence 11.3/25 ROCE 10% · OPM 30% 76% evidence 10.2/20 P/E 32.4× · PEG — 15% evidence 8.5/20 RS sector -8.1% · RS bench 29.6% · 1Y 32.1%3 of 12 weeks ahead 100% evidence
Exact sum: 22.1 + 11.3 + 10.2 + 8.5 = 52.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
15Bizotic Commercial Ltd543926 51.2/100Thin evidence · provisional58% evidence ASLEEP 19.7/35 Revenue — · PAT — · OPM change 0 pp 26% evidence 19.1/25 ROCE 26.8% · OPM 8% 76% evidence 10.4/20 P/E 29.6× · PEG — 50% evidence 2.0/20 RS sector -38% · RS bench -27.8% · 1Y 109.7%0 of 12 weeks ahead 100% evidence
Exact sum: 19.7 + 19.1 + 10.4 + 2 = 51.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
16Patel Retail LtdPATELRMART 51.2/100Thin evidence · provisional56% evidence TURNING 15.7/35 Revenue 27.7% · PAT 54.4% · OPM change -1.9 pp 83% evidence 14.6/25 ROCE 15.3% · OPM 5.2% 95% evidence 10.9/20 P/E 19.3× · PEG — 15% evidence 10.0/20 RS sector — · RS bench — · 1Y —7 of 10 weeks ahead 0% evidence
Exact sum: 15.7 + 14.6 + 10.9 + 10 = 51.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
17Fabtech Technologies LtdFABTECH 51.2/100Thin evidence · provisional52% evidence ASLEEP 17.4/35 Revenue 14.2% · PAT 41% · OPM change 14.8 pp 71% evidence 12.7/25 ROCE 13.6% · OPM 5.7% 95% evidence 11.1/20 P/E 13.7× · PEG — 15% evidence 10.0/20 RS sector — · RS bench — · 1Y —0 of 10 weeks ahead 0% evidence
Exact sum: 17.4 + 12.7 + 11.1 + 10 = 51.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
18SG Mart LtdSGMART 50.2/100Mixed-positive evidence90% evidence LEADER 14.8/35 Revenue 10.4% · PAT 14.7% · OPM change 1.4 pp 95% evidence 9.2/25 ROCE 10.2% · OPM 4.5% 95% evidence 8.4/20 P/E 70.7× · PEG 1.92 65% evidence 17.8/20 RS sector 32.1% · RS bench 51.9% · 1Y 94.9%12 of 12 weeks ahead 100% evidence
Exact sum: 14.8 + 9.2 + 8.4 + 17.8 = 50.2 · Decision use: Price leads the evidence: RS versus the benchmark is 51.9%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
19Adani Enterprises LtdADANIENT 47.8/100Mixed-negative evidence93% evidence LEADER 14.6/35 Revenue 18.1% · PAT 4.2% · OPM change 0 pp 100% evidence 8.7/25 ROCE 5.8% · OPM 15% 100% evidence 7.7/20 P/E 172× · PEG 1.96 65% evidence 16.8/20 RS sector 5.5% · RS bench 23.2% · 1Y 21.7%12 of 12 weeks ahead 100% evidence
Exact sum: 14.6 + 8.7 + 7.7 + 16.8 = 47.8 · Decision use: Price leads the evidence: RS versus the benchmark is 23.2%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
20Shiv Aum Steels LtdSHIVAUM 47.8/100Thin evidence · provisional50% evidence 16.7/35 Revenue — · PAT — · OPM change 0.5 pp 32% evidence 11.5/25 ROCE 8% · OPM 3.8% 95% evidence 7.8/20 P/E 83.3× · PEG — 50% evidence 11.8/20 RS sector — · RS bench 35.4% · 1Y — 25% evidence
Exact sum: 16.7 + 11.5 + 7.8 + 11.8 = 47.8 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
21BN Agrochem LtdBNAGROCHEM 47.1/100Mixed-negative evidence73% evidence TURNING 24.2/35 Revenue 100% · PAT 57.3% · OPM change 20.5 pp 88% evidence 7.0/25 ROCE 4.4% · OPM 1.6% 100% evidence 9.4/20 P/E 79.4× · PEG — 15% evidence 6.5/20 RS sector -19.2% · RS bench -10.6% · 1Y 3.2%8 of 8 weeks ahead 70% evidence
Exact sum: 24.2 + 7 + 9.4 + 6.5 = 47.1 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -19.2% and the one-year return is 3.2%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
22Hardwyn India LtdHARDWYN 46.2/100Mixed-negative evidence83% evidence ASLEEP 20.5/35 Revenue 8.3% · PAT 17.5% · OPM change 3.5 pp 83% evidence 12.3/25 ROCE 4.8% · OPM 10% 95% evidence 11.8/20 P/E 58.3× · PEG — 50% evidence 1.6/20 RS sector -45.2% · RS bench -15.3% · 1Y -21.1%4 of 12 weeks ahead 100% evidence
Exact sum: 20.5 + 12.3 + 11.8 + 1.6 = 46.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
23MMTC LtdMMTC 45.3/100Mixed-negative evidence86% evidence ASLEEP 15.1/35 Revenue 0% · PAT 100% · OPM change -5633.5 pp 88% evidence 9.7/25 ROCE 8.7% · OPM — 84% evidence 13.8/20 P/E 94× · PEG 0.92 100% evidence 6.7/20 RS sector -22.9% · RS bench -3.3% · 1Y -6.7%7 of 11 weeks ahead 70% evidence
Exact sum: 15.1 + 9.7 + 13.8 + 6.7 = 45.3 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
24State Trading Corporation of India LtdSTCINDIA 44.8/100Thin evidence · provisional54% evidence TURNING 18.6/35 Revenue — · PAT 100% · OPM change -14.6 pp 43% evidence 7.5/25 ROCE -0.9% · OPM — 60% evidence 12.1/20 P/E 16.2× · PEG — 50% evidence 6.6/20 RS sector -30.7% · RS bench -1.9% · 1Y -6.2%5 of 11 weeks ahead 70% evidence
Exact sum: 18.6 + 7.5 + 12.1 + 6.6 = 44.8 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
25PTC India LtdPTC 43.3/100Mixed-negative evidence78% evidence ASLEEP 13.2/35 Revenue 4.6% · PAT -26.5% · OPM change -1.3 pp 83% evidence 13.1/25 ROCE 13.4% · OPM 3.7% 76% evidence 10.6/20 P/E 8.5× · PEG — 50% evidence 6.4/20 RS sector -15.3% · RS bench -0.3% · 1Y -8.2%5 of 12 weeks ahead 100% evidence
Exact sum: 13.2 + 13.1 + 10.6 + 6.4 = 43.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
26RRP Semiconductor LtdRRP 42.7/100Thin evidence · provisional51% evidence 12.2/35 Revenue -80% · PAT -80% · OPM change 3.3 pp 62% evidence 5.5/25 ROCE -32.7% · OPM — 61% evidence 10.0/20 P/E — · PEG — 0% evidence 15.0/20 RS sector 61.8% · RS bench 6.5% · 1Y 195.8%0 of 1 week ahead 70% evidence
Exact sum: 12.2 + 5.5 + 10 + 15 = 42.7 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
27Riddhi Siddhi Gluco Biols Ltd524480 42.3/100Mixed-negative evidence78% evidence LEADER 12.1/35 Revenue 74.8% · PAT 0% · OPM change -77 pp 83% evidence 6.4/25 ROCE 2.7% · OPM -89% 76% evidence 7.0/20 P/E 26.4× · PEG — 50% evidence 16.8/20 RS sector 8.9% · RS bench 26.8% · 1Y 23.9%12 of 12 weeks ahead 100% evidence
Exact sum: 12.1 + 6.4 + 7 + 16.8 = 42.3 · Decision use: Price leads the evidence: RS versus the benchmark is 26.8%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
28Neueon Corporation LtdNEUEON 41.8/100Thin evidence · provisional56% evidence ASLEEP 12.4/35 Revenue 100% · PAT -80% · OPM change -3110 pp 62% evidence 3.5/25 ROCE -40.4% · OPM — 80% evidence 10.0/20 P/E — · PEG — 0% evidence 15.9/20 RS sector 16.9% · RS bench 39.6% · 1Y —7 of 12 weeks ahead 70% evidence
Exact sum: 12.4 + 3.5 + 10 + 15.9 = 41.8 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
29Cropster Agro Ltd523105 41.0/100Mixed-negative evidence65% evidence 16.1/35 Revenue 28.4% · PAT 6.5% · OPM change 2.1 pp 83% evidence 11.8/25 ROCE 12.4% · OPM 8.7% 76% evidence 10.1/20 P/E 32.7× · PEG — 15% evidence 3.0/20 RS sector -73.5% · RS bench -60.9% · 1Y -70.2%0 of 4 weeks ahead 70% evidence
Exact sum: 16.1 + 11.8 + 10.1 + 3 = 41 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
30Hexa Tradex LtdHEXATRADEX 37.9/100Mixed-negative evidence65% evidence ASLEEP 16.8/35 Revenue 0.4% · PAT 65% · OPM change 13.6 pp 62% evidence 4.2/25 ROCE -0.1% · OPM -191.7% 95% evidence 10.0/20 P/E — · PEG — 0% evidence 6.9/20 RS sector -21.2% · RS bench -6.7% · 1Y -14.8%1 of 12 weeks ahead 100% evidence
Exact sum: 16.8 + 4.2 + 10 + 6.9 = 37.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
31Kothari Industrial Corporation LtdKOTIC 35.1/100Thin evidence · provisional59% evidence ASLEEP 19.8/35 Revenue 100% · PAT -80% · OPM change -1 pp 62% evidence 1.8/25 ROCE -28.9% · OPM -54% 95% evidence 10.0/20 P/E — · PEG — 0% evidence 3.5/20 RS sector -60% · RS bench -45.5% · 1Y -60.3%0 of 7 weeks ahead 70% evidence
Exact sum: 19.8 + 1.8 + 10 + 3.5 = 35.1 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
32Shanti Overseas (India) LtdSHANTI 32.4/100Thin evidence · provisional56% evidence 11.3/35 Revenue -63.4% · PAT 100% · OPM change -200.5 pp 40% evidence 4.5/25 ROCE -25.2% · OPM -216.5% 71% evidence 13.3/20 P/E 3× · PEG — 50% evidence 3.3/20 RS sector -61.6% · RS bench -49.7% · 1Y -60.6%0 of 12 weeks ahead to 2026-03-29 70% evidence
Exact sum: 11.3 + 4.5 + 13.3 + 3.3 = 32.4 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
33Dhunseri Ventures LtdDVL 30.8/100Adverse evidence69% evidence ASLEEP 11.8/35 Revenue -30.8% · PAT -38.9% · OPM change -4 pp 62% evidence 6.0/25 ROCE 6.7% · OPM -85% 95% evidence 8.5/20 P/E 5.4× · PEG — 50% evidence 4.5/20 RS sector -45.9% · RS bench -14.2% · 1Y -33.4%2 of 10 weeks ahead 70% evidence
Exact sum: 11.8 + 6 + 8.5 + 4.5 = 30.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
34Uniphos Enterprises LtdUNIENTER 29.0/100Adverse evidence69% evidence ASLEEP 13.1/35 Revenue -71.3% · PAT 100% · OPM change -0.9 pp 62% evidence 3.0/25 ROCE 0.8% · OPM -3.1% 95% evidence 8.3/20 P/E 31.9× · PEG — 50% evidence 4.6/20 RS sector -45.2% · RS bench -25.4% · 1Y -41.1%1 of 10 weeks ahead 70% evidence
Exact sum: 13.1 + 3 + 8.3 + 4.6 = 29 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
35Oswal Agro Mills LtdOSWALAGRO 25.9/100Adverse evidence63% evidence ASLEEP 4.6/35 Revenue -80% · PAT -80% · OPM change -21782 pp 83% evidence 7.5/25 ROCE 2% · OPM — 80% evidence 10.0/20 P/E — · PEG — 0% evidence 3.8/20 RS sector -51.8% · RS bench -33.3% · 1Y -54.3%0 of 10 weeks ahead 70% evidence
Exact sum: 4.6 + 7.5 + 10 + 3.8 = 25.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
36Mardia Samyoung Capillary Tubes Company LtdMSCTC 57.2/100Thin evidence · provisional32% evidence 20.5/35 Revenue 100% · PAT 100% · OPM change — 29% evidence 15.7/25 ROCE 22.6% · OPM 15.3% 57% evidence 8.7/20 P/E 687× · PEG — 15% evidence 12.3/20 RS sector — · RS bench 74.6% · 1Y 236.1%6 of 12 weeks ahead to 2026-03-08 25% evidence
Exact sum: 20.5 + 15.7 + 8.7 + 12.3 = 57.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
37Proventus Agrocom LtdPROV 56.9/100Thin evidence · provisional48% evidence BREAKING OUT 19.5/35 Revenue — · PAT — · OPM change 0.2 pp 26% evidence 13.0/25 ROCE 11.5% · OPM 1.8% 95% evidence 13.1/20 P/E 39.6× · PEG — 50% evidence 11.3/20 RS sector — · RS bench 25.4% · 1Y —6 of 6 weeks ahead 25% evidence
Exact sum: 19.5 + 13 + 13.1 + 11.3 = 56.9 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
38SK Minerals & Additives Ltd544584 55.9/100Thin evidence · provisional31% evidence 16.2/35 Revenue — · PAT — · OPM change 0 pp 26% evidence 19.4/25 ROCE 26.2% · OPM 10% 76% evidence 10.3/20 P/E 30.1× · PEG — 15% evidence 10.0/20 RS sector — · RS bench — · 1Y — 0% evidence
Exact sum: 16.2 + 19.4 + 10.3 + 10 = 55.9 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
39Monika Alcobev LtdMONIKA 54.6/100Thin evidence · provisional22% evidence 16.3/35 Revenue — · PAT — · OPM change -2 pp 15% evidence 17.6/25 ROCE 21% · OPM 15% 57% evidence 10.7/20 P/E 20.4× · PEG — 15% evidence 10.0/20 RS sector — · RS bench — · 1Y -9%0 of 12 weeks ahead to 2026-03-08 0% evidence
Exact sum: 16.3 + 17.6 + 10.7 + 10 = 54.6 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
40Pramara Promotions LtdPRAMARA 53.1/100Thin evidence · provisional47% evidence 16.6/35 Revenue — · PAT — · OPM change -1 pp 15% evidence 14.3/25 ROCE 15.2% · OPM 15% 71% evidence 7.3/20 P/E 51.3× · PEG — 50% evidence 14.9/20 RS sector 7.6% · RS bench 29% · 1Y 72.6%10 of 12 weeks ahead to 2026-04-19 70% evidence
Exact sum: 16.6 + 14.3 + 7.3 + 14.9 = 53.1 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
41BMW Ventures LtdBMW 52.4/100Thin evidence · provisional26% evidence 17.9/35 Revenue — · PAT — · OPM change 0 pp 24% evidence 13.3/25 ROCE 13.6% · OPM 4% 57% evidence 11.2/20 P/E 13.4× · PEG — 15% evidence 10.0/20 RS sector — · RS bench — · 1Y —0 of 10 weeks ahead to 2026-03-08 0% evidence
Exact sum: 17.9 + 13.3 + 11.2 + 10 = 52.4 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
42Manbro Industries Ltd512595 52.0/100Thin evidence · provisional22% evidence 18.3/35 Revenue — · PAT — · OPM change 32.8 pp 5% evidence 13.4/25 ROCE — · OPM 6.6% 23% evidence 10.0/20 P/E — · PEG — 0% evidence 10.3/20 RS sector -18.9% · RS bench 37.2% · 1Y 40.1%12 of 12 weeks ahead to 2026-05-03 70% evidence
Exact sum: 18.3 + 13.4 + 10 + 10.3 = 52 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
43Shah Foods Ltd519031 50.9/100Thin evidence · provisional17% evidence 17.3/35 Revenue — · PAT — · OPM change -10.7 pp 3% evidence 12.3/25 ROCE — · OPM -3.3% 30% evidence 8.9/20 P/E 293× · PEG — 15% evidence 12.4/20 RS sector — · RS bench 143.1% · 1Y — 25% evidence
Exact sum: 17.3 + 12.3 + 8.9 + 12.4 = 50.9 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
44Le Merite Exports LtdLEMERITE 48.2/100Thin evidence · provisional46% evidence 18.9/35 Revenue — · PAT — · OPM change 0.9 pp 15% evidence 9.3/25 ROCE 8.6% · OPM 2.8% 71% evidence 9.3/20 P/E 87× · PEG — 15% evidence 10.7/20 RS sector -10.6% · RS bench 15% · 1Y 42.1%1 of 1 week ahead to 2026-05-17 100% evidence
Exact sum: 18.9 + 9.3 + 9.3 + 10.7 = 48.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
45Keto Motors Ltd537392 46.8/100Thin evidence · provisional21% evidence 17.0/35 Revenue — · PAT -41.7% · OPM change — 12% evidence 7.3/25 ROCE -2.2% · OPM — 46% evidence 10.0/20 P/E — · PEG — 0% evidence 12.5/20 RS sector — · RS bench 378.2% · 1Y — 25% evidence
Exact sum: 17 + 7.3 + 10 + 12.5 = 46.8 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
46Satani Bearings Ltd505703 45.0/100Thin evidence · provisional37% evidence ASLEEP 20.1/35 Revenue — · PAT 100% · OPM change — 29% evidence 4.9/25 ROCE 1% · OPM 1.5% 76% evidence 8.5/20 P/E 11020× · PEG — 15% evidence 11.5/20 RS sector — · RS bench 28.3% · 1Y 153.4%0 of 10 weeks ahead 25% evidence
Exact sum: 20.1 + 4.9 + 8.5 + 11.5 = 45 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
47A-1 LtdA1L 41.5/100Thin evidence · provisional50% evidence 16.1/35 Revenue 8.3% · PAT -30.6% · OPM change -0.9 pp 53% evidence 11.1/25 ROCE 10.6% · OPM 2.9% 57% evidence 8.8/20 P/E 383× · PEG — 15% evidence 5.5/20 RS sector -26.6% · RS bench -16% · 1Y 26.3%6 of 12 weeks ahead to 2026-03-08 70% evidence
Exact sum: 16.1 + 11.1 + 8.8 + 5.5 = 41.5 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
48Blue Pearl Agriventures LtdBPAGRI 38.5/100Thin evidence · provisional50% evidence 17.1/35 Revenue 100% · PAT -46.7% · OPM change -2.5 pp 53% evidence 7.8/25 ROCE 2.6% · OPM 2.8% 57% evidence 8.6/20 P/E 5705× · PEG — 15% evidence 5.0/20 RS sector -35.6% · RS bench -25.1% · 1Y -37.5%1 of 12 weeks ahead to 2026-03-08 70% evidence
Exact sum: 17.1 + 7.8 + 8.6 + 5 = 38.5 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. 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 curve the sector itself 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 widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

15 · Frequently asked questions

Frequently asked questions

What is Tembo Global Industries Ltd's share price today?

Tembo Global Industries Ltd trades at ₹553, +10.7% over the past year. The company is valued at ₹1,026 Cr. The stock sits at 27% of its 52-week range of ₹467–₹781, −3.4% versus its 200-day average. On the tape, the price is in a downtrend, 2 weeks in. — as of 31 July 2026.

What were Tembo Global Industries Ltd's latest quarterly results?

Tembo Global Industries Ltd reported revenue of ₹346 Cr and net profit of ₹30.0 Cr for the Mar 26 quarter. Revenue rose 26.3% and profit rose 87.5% year on year. Earnings per share were ₹14.51. The operating margin was 11.0%, 1.0 pp higher than a year earlier. — as of 31 July 2026.

What is Tembo Global Industries Ltd's revenue?

Tembo Global Industries Ltd reported revenue of ₹346 Cr in the Mar 26 quarter, +26.3% year on year. For the full FY26 fiscal year, revenue was ₹1,090 Cr (+46.5%). Over the last 6 years revenue compounded at 54.9% a year. — as of 31 July 2026.

What is Tembo Global Industries Ltd's profit?

Tembo Global Industries Ltd earned ₹30.0 Cr of net profit in the Mar 26 quarter, +87.5% year on year — the 10th straight quarter of growth. Full-year FY26 profit was ₹98.0 Cr. The operating margin ran 11.0% in the latest quarter. — as of 31 July 2026.

What is Tembo Global Industries Ltd's market cap?

Tembo Global Industries Ltd's market capitalisation is ₹1,026 Cr at a share price of ₹553. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 31 July 2026.

What is Tembo Global Industries Ltd's P/E ratio?

Tembo Global Industries Ltd trades at a P/E of 11.2×, at the 5th percentile of its own 6-year range, against a long-run median of 31.3×. This is a comparison with the stock's own history, not a value call — as of 31 July 2026.

Does Tembo Global Industries Ltd pay a dividend?

Not in its latest year — Tembo Global Industries Ltd's dividend payout was 0% of profit in FY26. It did record a payout in 4 of its last 7 reported fiscal years, so there is a history but no current dividend. — as of 31 July 2026.

Is Tembo Global Industries Ltd overvalued?

On its own history, Tembo Global Industries Ltd looks cheap against its own history: its P/E of 11.2× has been cheaper only 5% of the time in 6 years (long-run median 31.3×). That is a percentile read against the stock's own past, not a price opinion or a direction call. One caveat: margins are the best this company has ever printed — cheap on record margins is not the same thing as cheap. — as of 31 July 2026.

Is Tembo Global Industries Ltd growing?

Yes — Tembo Global Industries Ltd is growing: latest-quarter revenue +26.3% year on year, profit +87.5%, and the margin +1.0 pp at 11.0%. The 6-year compound rates are 54.9% (revenue) and 91.3% (profit). The earnings engine currently reads: improving — as of 31 July 2026.

How is Tembo Global Industries Ltd performing?

Tembo Global Industries Ltd is in a downtrend, 2 weeks in. Its latest quarter's revenue rose 26.3% and profit rose 87.5% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 8 weeks. This describes what the data did, not a rating. — as of 31 July 2026.

What stage is Tembo Global Industries Ltd in?

Mixed — growth is normalizing off a hyper-growth base: revenue growth has eased from +100.0% at its peak to +26.3% (single-quarter readings) but is still expanding, ROCE holding at 23.0%. The read comes from the last 12 quarters of growth (revenue growth +26.3% latest, profit growth +87.5% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 31 July 2026.

Is Tembo Global Industries Ltd in an uptrend?

No — the price is in a downtrend (week 2 of stage 4), trading −3.4% versus its 200-day average and at 27% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 31 July 2026.

Is Tembo Global Industries Ltd beating the market?

Not lately — on a trailing-13-week view Tembo Global Industries Ltd is currently behind the NIFTY 500 (8 weeks and counting; last ahead the week of 2026-06-19), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 8.0 years the stock moved +1,605% against the NIFTY 500's +138% — ahead of the index over the full window. — as of 31 July 2026.

Will Tembo Global Industries Ltd's share price go up?

This page publishes no price forecast for Tembo Global Industries Ltd. What it measures instead: the share price is ₹553, the price is in a downtrend 2 weeks in. Its P/E of 11.2× sits at the 5th percentile of its own 6-year range. — as of 31 July 2026.

Who owns Tembo Global Industries Ltd?

Promoters hold 39.0% of Tembo Global Industries Ltd, foreign institutions 8.3%, domestic institutions 1.6% and the public 51.1% (latest quarter). The biggest move on the register over the last two years: Promoters cut 16.4 points over 8 quarters. — as of 31 July 2026.

Does Tembo Global Industries Ltd have too much debt?

It is moderate — Tembo Global Industries Ltd's debt-to-equity is 0.85, and operating profit covers the interest bill 6×. FY26 borrowings were ₹386 Cr against equity of ₹453 Cr. Read the returns on this page with that leverage in mind — as of 31 July 2026.

What is Tembo Global Industries Ltd's capex?

Tembo Global Industries Ltd spent ₹173 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹83.0 Cr, with ₹68.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 31 July 2026.

What is Tembo Global Industries Ltd's cash flow?

Tembo Global Industries Ltd generated ₹−90.0 Cr of operating cash flow in FY26 and ₹−173 Cr of free cash flow after ₹83.0 Cr of capital spending. Reported profit that year was ₹98.0 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 31 July 2026.

Is Tembo Global Industries Ltd's profit real cash?

Not fully — over the last 3 fiscal years, −92% of Tembo Global Industries Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹−90.0 Cr against reported profit of ₹98.0 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 31 July 2026.

Where is Tembo Global Industries Ltd in its business cycle?

Tembo Global Industries Ltd's FY26 operating margin was 13.0%, against a 7-year band of 4.7%–13.0%: the top of the band — a record year. Record profitability is late-cycle territory: every ratio flatters at the top, and the story leans on margins holding. The latest quarter ran 11.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 31 July 2026.

What could break the Tembo Global Industries Ltd story?

The sharpest disagreement: profits are rising, but only −92% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 31 July 2026.

Is Tembo Global Industries Ltd a stock worth studying right now?

This is not investment advice. The machine read: Tembo Global Industries Ltd's earnings have outrun its stock. EPS grew +49.5% in a year against a +10.7% price move. The sharpest open question: whether the cash starts following the profit. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 31 July 2026.

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