CMP: ₹1,812.95
We attended Tega Industries Restricted (Tega) Analyst Meet represented by MD CEO Mehul Mohanka and CFO Sharad Khaitan to know the present enterprise updates and future prospects forward. Throughout the assembly, administration highlighted on the varied points of the enterprise each on the consumables in addition to the equipments facet and the associated prospects.
Key highlights had been that Tega Industries targets ₹4,000 crore in income inside 3-4 years, pushed by sturdy progress in its consumable enterprise and scaling up its gear sector. In Chile, the corporate expects ₹1,000 crore in income following a EUR10 milion funding and can want extra land for enlargement.
On the Dynaprime facet it’s set to develop over 15 per cent CAGR, with South America being a serious market. The venture pipeline stays robust, and receivables days could barely enhance after Chile enlargement.
We reiterate our constructive stance on the enterprise resulting from a number of components: greater penetration alternatives for Dynaprime liners, a major scale-up in McNally’s enterprise, highlighted by a serious ₹120 crore order from NMDC secured in Q1, Greenfield enlargement in Chile to boost progress alternatives in LATAM and Good progress on the big Europe order.
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