Manufactures and trades specialised engineering metal products — pipe supports, fasteners, anchors and HVAC solutions — for industrial customers, exporting to the USA and Middle East, and also trades fabrics and textile materials. In FY26, engineering products generated Rs 589.23 crore of revenue at an EBIT of Rs 121.39 crore (57.3% of segment revenue), while textile trading contributed Rs 438.68 crore at an EBIT of Rs 7.77 crore (42.7%). Engineering is the materially higher-margin segment; textile is being phased out to focus on engineering, EPC, solar and defence. Capacity is being expanded substantially to serve a combined order book and L1 bidding pipeline running into several thousand crores of rupees. Diversification is underway into solar power generation and defence manufacturing, including a joint venture with JR-UAV Europe and JR PROPO to manufacture UAVs and autonomous systems in India. Other operating expenses at 42.1% of revenue form the largest cost line; raw materials account for only 11.2% of revenue. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Manufacturing and Trading of Engineering Products (57%), Trading of Fabrics of and Textile Materials (43%). Diversified engineering manufacturer pivoting into defence and solar from a base of pipe supports, fasteners, anchors and HVAC solutions; textile trading being phased out
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 176 | 250 | 432 | 743 | 1,090 |
| EBITDA (ex other income) | 8 | 13 | 19 | 92 | 146 |
| margin % | 4.7 | 5.4 | 4.5 | 12.3 | 13.4 |
| Owners' profit | 0 | 0 | 0 | 1 | 91 |
| EPS, as reported (₹) | 3.14 | 5.22 | 12.70 | 32.77 | 55.11 |
| ROE % · ROCE % | — · — | 14.5 · 20.1 | 21.5 · 31.7 | 25.0 · 36.2 | 20.0 · 20.9 |
| Debt / equity (x) | — | 1.03 | 0.75 | 1.19 | 0.77 |
| Cash from operations | 4 | 2 | (7) | (203) | (90) |
| Capex | (5) | (7) | 0 | (82) | (97) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 164 | 164 | 274 | 248 | 494 | 251 | 346 | 302 |
| Profit before tax | 20 | 25 | 24 | 25 | 56 | 35 | 38 | 42 |
| Net profit | 15 | 16 | 16 | 19 | 44 | 26 | 30 | 31 |
| EPS (₹) | 13.13 | 14.69 | 9.31 | 17.13 | 54.34 | 16.35 | 18.15 | 1.59 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| a) Manufacturing and Trading of Engineering Products | 421 | 31.2 |
| b) Trading of Fabrics of and Textile Materials | 176 | 13.1 |
| Manufacturing and Trading of Engineering Products | 237 | 17.6 |
| Trading of Fabrics of and Textile Materials | 403 | 29.9 |
| Manufacturing of Engineering Products | 110 | 8.2 |
| Total, before eliminations | 1,347 | 100.0 |
| Company |
|---|
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 9 Sept 2026 · Newspaper publication of 16th AGM notice by Tembo Global | compliance | minimal | — | — |
| 8 Sept 2026 · Tembo Global Industries AGM on Sep 30, 2026; FY26 PAT up 92% standalone | board shareholder meetings | low | — | — |
| 7 Sept 2026 · EGM approves 2 crore warrants preferential issue | compliance | minimal | — | — |
| 7 Sept 2026 · Tembo signs MoU with Belgium's Lachaussee for ammo production line in India | compliance | low | — | — |
| 5 Sept 2026 · Appointment of Secretarial Auditor for FY 2025-26 | management changes | low | — | — |
| 4 Sept 2026 · Secretarial Auditor D. M. Zaveri and Co resigns mid-term | management changes | medium | — | — |
| 4 Sept 2026 · EGM approves issue of 2 crore convertible warrants on preferential basis | board shareholder meetings | medium | — | — |
| 31 Aug 2026 · Newspaper ad for corrigendum to EGM notice published | compliance | minimal | — | — |
| 29 Aug 2026 · Corrigendum to Tembo Global EGM notice for Rs 114 crore preferential warrant issue | board shareholder meetings | low | — | — |
| 25 Aug 2026 · Q1 FY27 earnings call transcript: revenue up 21.9%, PAT up 55.3% | investor communications | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| M.cap ₹ cr |
|---|
| P/E |
|---|
| P/B |
|---|
| EV/EBITDA |
|---|
| ROE % |
|---|
| ROCE % |
|---|
| Rev CAGR 5y % |
|---|
| EBITDA m. % |
|---|
| WELSPUN CORP LIMITED | 70,880 | 30.7 | 7.54 | 30.2 | 17.2 | 14.9 | 21.1 | 18.5 |
| APL APOLLO TUBES LTD | 59,803 | 48.6 | 11.29 | 31.1 | 22.7 | 26.1 | 22.1 | 8.0 |
| SHYAM METALICS AND ENGY L | 29,979 | 26.8 | 2.43 | 12.2 | 8.6 | 11.4 | 24.1 | 14.9 |
| JINDAL SAW LIMITED | 20,016 | 30.5 | 1.63 | 10.5 | 7.5 | 6.8 | 10.9 | 9.4 |
| RATNAMANI MET & TUB LTD. | 19,815 | 45.8 | 4.71 | 23.1 | 12.7 | 15.6 | 14.4 | 18.5 |
| GODAWARI POW & ISP LTD | 15,875 | 18.6 | 2.71 | 12.0 | 13.7 | 17.0 | 5.7 | 21.0 |
| USHA MARTIN LTD. | 15,069 | 29.7 | 4.56 | 19.8 | 14.1 | 17.7 | 12.0 | 21.0 |
| GALLANTT ISPAT LIMITED | 13,270 | 30.6 | 4.00 | 17.7 | 14.6 | 16.8 | 34.4 | 17.8 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 0.6 | 16.2 | 4 of 118 | 97% |
| P/B | 2.2 | 1.7 | 62 of 99 | 38% |
| ROCE | 17.6 | 8.7 | 16 of 120 | 87% |
| ROE | 20.0 | 8.6 | 13 of 114 | 89% |
| Debt / Equity | 0.8 | 0.1 | 103 of 114 | 10% |
| EBITDA margin | 16.8 | 11.0 | 34 of 100 | 67% |
| Revenue growth | 21.9 | 13.7 | 35 of 97 | 65% |
| Profit growth | 61.3 | 29.3 | 41 of 105 | 62% |
| Market cap | 1061 | 247 | 42 of 120 | 66% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
