Tega Industries Limited – Investor Presentation Summary
Key Operational Highlights
- Group total income reached Rs 60,356 Mn for H1 FY27 with adjusted EBITDA of Rs 8,720 Mn (14% of total income)
- Consumables revenue increased by 30% YoY with absolute EBITDA up 42%
- Consumables EBITDA margin improved to 22.4% from 20.5% YoY
- Equipment business revenue declined by Rs 378 Mn YoY with EBITDA down Rs 182 Mn
- Secured equipment orders worth Rs 1,260 Mn with expected execution in 14 months
- Molycop grinding media volume reached 415.6 KT for the period 1 June – 30 September 2026
- Molycop total income stood at Rs 50,797 Mn for the four-month period
Segment-wise Performance
Tega (Ex Molycop) Performance:
- H1 FY27 Total Income: Rs 9,559 Mn (▲21% YoY)
- H1 FY27 Adjusted EBITDA: Rs 1,949 Mn (▲25% YoY)
- H1 FY27 Adjusted PAT: Rs 602 Mn (▼25% YoY)
- Q2 FY27 Total Income: Rs 4,985 Mn (▲18% YoY)
- Q2 FY27 Adjusted EBITDA: Rs 937 Mn (▲10% YoY)
- Q2 FY27 Adjusted PAT: Rs 158 Mn (▼65% YoY)
Grinding Media (Molycop) Performance:
- H1 FY27 Total Income: Rs 50,797 Mn
- H1 FY27 Adjusted EBITDA: Rs 6,772 Mn
- H1 FY27 Adjusted PAT: (Rs 150) Mn
- Q2 FY27 Total Income: Rs 37,963 Mn
- Q2 FY27 Adjusted EBITDA: Rs 5,144 Mn
- Q2 FY27 Adjusted PAT: (Rs 253) Mn
Financial Highlights
H1 FY27 Consolidated:
- Revenue from Operations: Rs 59,775 Mn
- Total Income: Rs 60,356 Mn
- Adjusted EBITDA: Rs 8,720 Mn
- Adjusted PAT: Rs 452 Mn
- Gross Profit Margin: 40%
- Adjusted EBITDA Margin: 14%
- Adjusted PAT Margin: 1%
- Finance Cost: Rs 4,086 Mn
Q2 FY27 Consolidated:
- Revenue from Operations: Rs 42,540 Mn
- Total Income: Rs 42,947 Mn
- Adjusted EBITDA: Rs 6,081 Mn
- Adjusted PAT: (Rs 95) Mn
- Gross Profit Margin: 39.3%
- Adjusted EBITDA Margin: 14%
- Adjusted PAT Margin: (0%)
- Finance Cost: Rs 2,919 Mn
Order Book Position
- Order book (excluding Grinding Media) as of September 30, 2026: Rs 13,976 Mn (▲21% YoY)
- Executable order book within 1 year: Rs 11,576 Mn
Balance Sheet Snapshot (as of September 30, 2026)
Assets:
- Total Assets: Rs 227,066 Mn
- Non-Current Assets: Rs 129,141 Mn
- Property, Plant and Equipment: Rs 33,454 Mn
- Goodwill: Rs 51,329 Mn
- Intangible Assets: Rs 34,796 Mn
- Current Assets: Rs 97,925 Mn
- Inventories: Rs 55,432 Mn
- Trade Receivables: Rs 25,589 Mn
- Cash and Cash Equivalents: Rs 7,160 Mn
Liabilities and Equity:
- Total Equity: Rs 33,878 Mn
- Equity Share Capital: Rs 751 Mn
- Non-Current Liabilities: Rs 129,285 Mn
- Borrowings (Non-Current): Rs 110,346 Mn
- Current Liabilities: Rs 63,903 Mn
- Trade Payables: Rs 47,784 Mn
- Borrowings (Current): Rs 4,577 Mn
Capex & Cash Flow Health
Cash Flow for Period Ended September 30, 2026:
- Cash Generated from Operations: Rs 7,982 Mn
- Net Cash from Operating Activities: Rs 7,126 Mn
- Cash Flow from Investing Activities: (Rs 49,708) Mn
- Cash Flow from Financing Activities: Rs 37,698 Mn
- Net decrease in Cash & Cash Equivalent: (Rs 4,884) Mn
Strategic Initiatives
- Molycop acquisition completed with significant impact on financial statements
- Acquisition costs: Rs 2,576 Mn (including Molycop acquisition cost of Rs 2,503 Mn)
- Exceptional item of Rs 117 Mn related to amortization of fair value of inventory from purchase price allocation
Financial Health Insights
- Significant increase in balance sheet size due to Molycop acquisition
- Higher debt levels with total borrowings of Rs 114,923 Mn (Rs 110,346 Mn non-current + Rs 4,577 Mn current)
- Working capital requirements increased substantially with inventories at Rs 55,432 Mn and trade receivables at Rs 25,589 Mn
Company Contacts
- Ravi Narayan Joshi, Chief Financial Officer: investor.relations@tegaindustries.com
- Manjuree Rai, Company Secretary & Compliance Officer: manjuree.rai@tegaindustries.com
Investor Relations Advisors
- Nikunj Seth (MUFG Intime India Private Limited): +91 9773397958, nikunj.seth@in.mpms.mufg.com
- Sejal Bhattar (MUFG Intime India Private Limited): +91 9833212052, sejal.bhattar@in.mpms.mufg.com
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