Thejo Engineering Limited has informed the Exchange about Investor Presentation
Thejo Engineering Limited 41 Cathedral Road, T +91 44 42221900 Chennai - 600 086. F +91 44 42221910 India thejo@thejo-engg.com www.thejo-engg.com
15th November, 2025
The Manager, Listing Department, National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai 400051.
Dear Sir/Madam,
Scrip Code: THEJO – EQ Sub: Investor Presentation - Q2FY26/H1FY26
Pursuant to Regulation 30 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith the Investor Presentation for the quarter and half year ended September 30, 2025.
The same is being displayed in our website at www.thejo-engg.com
You are requested to take the same on record and disseminate.
Yours truly, For Thejo Engineering Limited,
V. A GEORGE EXECUTIVE CHAIRMAN DIN: 01493737
Corporate Identification Number: L27209TN1986PLC012833 Reg. Office : 41 Cathedral Road, Chennai - 600 086, India. Tel : +91 44 42221900 Fax: +91 44 42221910 Works: lrulipattu Village, Alinjivakkam Post, Ponneri Taluk, Chennai - 600 067. Tel: +91 44 27984342
INVESTOR PRESENTATION THEJO ENGINEERING LIMITED
Q2FY26/ H1FY26
www.thejo-engg.com
Safe Harbor
Except for the historical information contained herein, statements in this presentation and the subsequent discussions,
which include words or phrases such as "will", "aim", "will likely result", "would", "believe", "may", "expect", "will
continue", "anticipate", "estimate", "intend", "plan", "contemplate", seek to", "future", "objective", "goal", "likely",
"project", "should", "potential", "will pursue", and similar expressions may constitute "forward-looking statements“.
These forward looking statements involve a number of risks, uncertainties and other factors that could cause actual
results to differ materially from those suggested by the forward-looking statements. These risks and uncertainties
include, but are not limited to our ability to successfully implement our strategy, our growth and expansion plans, obtain
regulatory approvals, our provisioning policies, technological changes, investment and business income, cash flow
projections, our exposure to market risks as well as other risks. The Company does not undertake any obligation to
update forward-looking statements to reflect events or circumstances after the date thereof.
Table of Contents
Company Overview
Business Overview
Manufacturing and Global Presence
Industry Overview
Performance Highlights
Strategic Strengths
Annexures
Company Overview
Thejo - At a Glance
Reputed Independent Engineering Solutions Provider
4 Decades Engineering Legacy
Pioneers Conveyor Services in India
600+ Customers Across Industries & Markets
6 Manufacturing Units India + Global Workshops
6 Countries Global Presence
30% Export Markets Revenue from international markets/Export Markets
DSIR Approved In-House R&D Centre
One-Stop Engineering Solutions
3 Business Segments
25+ Patents Innovation & R&D Led
2,300+ Employees Technical & O&M Workforce
www.thejo-engg.com
5
Who We Are
Revenues Mix (H1 FY26)
Engineered Products
44%
▪ Thejo Engineering Limited (Thejo) is a leading Indian engineering solutions
company serving mining, mineral processing, and core industries across
the globe.
▪ With a legacy of over four decades, Thejo has evolved from a conveyor belt
service provider to an integrated engineering solutions partner, offering
products, services, and O&M under one roof.
▪ The company delivers end-to-end solutions in wear and corrosion
protection, bulk material handling, and maintenance services, helping
56%
clients improve efficiency, reliability, and asset life.
▪ Headquartered in Chennai, Thejo operates through a strong global network
spanning six countries, combining Indian engineering expertise with
Integrated Services
international reach.
www.thejo-engg.com
6
Journey & Milestones
Incorporated Thejo Engineering Services Pvt. Ltd
1986
2009
Formed Thejo Hatcon LLC, a joint venture in Saudi Arabia with its long-term distributor.
2013
Listed on NSE EMERGE platform - 1st Indian SME to do so.
Subsidiary incorporated in Australia.
2012
Expanded global footprint with branch office in Perth, and subsidiaries in Brazil and Chile
2014
2017
Formed JV with Bridgestone Japan (26% stake in Thejo Australia Pty Ltd)
Established DSIR- approved R&D and Technical Excellence Centre
Increased stake to 90% in Thejo Australia; TE Global FZ-LLC (UAE) became a wholly owned subsidiary.
2024
2025
Fully acquired Thejo Australia and Brazil
Expanded Plant 1 with new balancing machinery and additional shopfloor area.
2022
Expanded manufacturing operations with a 50% increase in moulded capacity.
2023
Established TE Global FZ-LLC in the U.A.E. to strengthen international operations
Migrated to main board on NSE
www.thejo-engg.com
7
Board of Directors
K.J Joseph Chairman Emeritus
V.A George Executive Chairman
Thomas John Vice Chairman
Manoj Joseph Managing Director
Rajesh John Deputy Managing Director
Manesh joseph Non-Executive Director
Sridhar Ganesh Independent Director
Nilesh S. Vikamsey Independent Director
Srinivas Acharya Independent Director
K Jairaj Independent Director
Prof. N Venkiteswaran Independent Director
Subhathra Srinivasaraghavan
Independent Director
www.thejo-engg.com
8
Business Overview
Our Diversified Business Portfolio
Integrated Business Model: Products + Services + O&M End-to-end lifecycle solutions for industrial clients
Corrosion Protection
Mineral Processing
Mill liners & filtration systems (Improving process reliability)
Rubber linings & coatings (Protecting critical assets)
Specialty Products & Machines Customized equipment and engineered systems for niche applications
Bulk Material Handling
Conveyor products & systems (Ensuring material flow efficiency)
Business Verticals
Services
Comprehensive technical and O&M services for plant reliability
Mines
Mineral & Metal
Aggregates / Sand & Gravel
Power
Chemical & Fertilizers
Cement
Food, Paper & Pulp
OEM & EPC
Industries Served
www.thejo-engg.com
10
Thejo - At a Glance 1.
Bulk Material Handling
Value added engineering solutions for Belt
Conveyor Installations;
Products
Services
• Conveyor Care
•
•
•
•
Belting
Splicing/Repair Kits
Pulley Lagging
Tool Kits
• Transfer Points
•
•
•
•
•
•
•
Transfer Chutes
Skirting
Belt Trackers
Impact Cradles
Dust Suppression
Flow Promoters
Wear Liners
• Belt Audits
• Belt Scanning
• Splicing & Pulley Lagging
• Sustainable Synergetic Solutions
• Project Commissioning
• Operation & Maintenance
Equipment
• Belt Monitoring
• Belt Splicing Machines
• Belt Winders & Stands
• Belt Pullers
www.thejo-engg.com
11
2.
Mineral Processing
Providing value added engineering
solutions for;
Products
Services
• Comminution
• Liners for Mills
• Pulp Lifters
• Screening
• Screen Panels
• Trommels
• Filtration
• Rubber Membranes
• Filter Plates/Vats
• Grids / Seals & Spares
• Hoses / Pinch Sleeves
• Wear & Abrasion
• Liners
• Wet Abrasion Sheeting
• Audits
•
Mill Wear Scanning
• Liner Installation
• Sustainable Synergetic
• Solutions
• Operation & Maintenance
Equipment
• Re-engineering &Retrofitting
• Design, Fabrication, Lining&
installation
www.thejo-engg.com
12
3.
Corrosion Protection
Providing value added engineering
solutions for;
Products
Services
• Hot & Cold Lining
• Project Commissioning
• Rate Contracts
• Lining
• Pre-Cured Rubber
• Un-Cured Rubber
• Polyurethane Coating
•
•
•
Cold & Hot Adhesives
Repair Putties
Tool Kits
• Bellows & Expansion Joints
•
•
Hoses
Fabricated Rubber lined
• Pipes
• Vessels
Equipment
• Spark Testers
• Rubber Removal Rigs
www.thejo-engg.com
13
4.
Special Purpose Product & Machinery Division
Products
Machinery
• Characteristics of Special Purpose
• Autoclaves
Products
• Customized requirement
• Rubber Slitting Machine
• Rubber Hose Building Machine
• Rubber Curing Hydraulic Press
•
•
•
•
Import Substitution
Low Volume / High Tech / High
Machine
• Retort Machine
Cost
Life Enhancing
Innovative
www.thejo-engg.com
14
Comprehensive Services Driving Recurring, High-Value Relationships
Driving industrial reliability and efficiency through integrated technical and maintenance services
Technical Services
High-skill, on-site technical support for critical systems
• Conveyor installation &
commissioning
• Belt scanning, audits, and
splicing
• Shutdown management &
emergency response • Sustainable Synergetic
Solutions
• Delivered through long-term
rate contracts
Operations & Maintenance
Continuous plant maintenance under KPI-based contracts
• 24×7 upkeep with manpower,
spares, and tools
• Planned maintenance &
shutdown support • Inventory-managed
maintenance systems
• Rapid deployment capability
across 15 centres
Strategic Edge / Value Delivered
Deep integration with clients, driving recurring and scalable growth
• Strong on-site presence across 45+ locations
• Compliance with international quality and safety systems • Preferred partner to leading mining, steel, and cement players
• Recurring, relationship-driven
revenue model
www.thejo-engg.com
15
Manufacturing & Global Presence
Manufacturing Plants, Workshop & Stores
• Manned by qualified &
experienced Polymer Technologists
• Equipped with state-of-the-art rubber processing machinery
• Complete in-house Testing facilities
• Quality System Compliance
• Santiago, Chile
• Sao Paulo,
Brazil
17
• Chennai, India www.thejo-engg.com
• Dammam,
• Perth,
• Ras-Al Khaimah,
Saudi Arabia
Australia
UAE
Thejo India Facilities
Unit-1
Unit-1A
Unit 3
17,000.00
24,643.00
Total Landed Area
Location
Total Built up Area Sq.ft
Extent of Open Land Sq.ft
Unit 1, 1A & 4
169,065.00
333,033.00
Thejo India
Unit-3
Unit-5
www.thejo-engg.com
Unit 5
21,583.00
22,016.00
Manufacturing Activities
Location
Type
Unit 1 & 1A
Unit 3
Rubber compounding, Sheeting, Extrusion, High Pressure Molding, Polyurethane Casting, and Tool making
R&D, Admin, RM & FG Stores
HVS machine & Transfer Point System Products Fabrication
Unit 4
Synthetic Rubber Adhesives
Unit 5
Corrosion Protection
18
Thejo Saudi Arabia/ Thejo Australia Facilities
Warehouse & Workshops
• Jeddah, Saudi Arabia
• Kalgoorlie, Gold Fields, WA • Port Headland, Pilbara, WA • Bunbury, WA • Dammam, Saudi Arabia • Perth, Australia
The manufacturing units
• Manned by qualified & experienced Polymer Technologists
• Equipped with state-of-the-art rubber processing machinery
•
In-house Testing facilities
• Quality Systems Compliance
Saudi Arabia
Australia
www.thejo-engg.com
19
Thejo South America T E Global UAE Facilities
South America
Chile
Brazil
Warehouse & Workshops
• Santiago, Chile • Ras Al Khaimah, UAE • Sao Paulo,Brazil
The Workshops
• Manned by qualified &
experienced technicians
• Equipped with stocks of
standard products and tools
www.thejo-engg.com
20
UAE
Industry Overview
Thejo – Global Industry Overview
Bulk Material Handling
23.3
17.3
2024
2033
Market Size in $Bn
Mineral Processing
23.2
17.6
▪
▪
The Asia-Pacific region dominates installations (~46% share in 2024), with China alone accounting for ~33% of global equipment installations. Automation and energy-efficiency are major trends: in 2024, about 64% of new systems featured semi- or full automation, and over 41% utilised variable-frequency drives or energy- recovery features.
▪ Major demand drivers are mining (≈38% of usage), infrastructure/construction (~22%), and agriculture (~14%) — highlighting bulk-handling as a core enabler in resource-intensive industries.
▪
The Asia-Pacific region dominates demand, accounting for ~68.5% of global revenues in 2024, while the Middle East & Africa region is projected to grow the fastest (~9.97% CAGR to 2030).
▪ Critical- and battery-metal processing (e.g., lithium, nickel, rare-earth elements) are reshaping
▪
the market: lithium equipment alone is expected to grow at ~13.8% CAGR to 2030. Equipment categories are shifting: while crushers & mills held ~33% market share in 2024, flotation cells (for separation) are expected to post the fastest growth (~6.1% CAGR) through 2030.
▪ Key Drivers: Lower ore grades, ESG & efficiency mandates, and digitalization (AI-sorting,
2025
2030
Market Size in $Bn
digital twins).
www.thejo-engg.com
22
Thejo - Global Industry Overview
Corrosion Protection
13.1
9.1
2024
2032
Market Size in $Bn
▪
▪
▪
▪
Soft rubber linings shield equipment like tanks, pipes, and pumps from acids, alkalis, and abrasives in mining & metallurgy. Asia Pacific leads market growth via industrial mining surge; North America ranks second in adoption. Escalating corrosion losses in mining operations drive need for high-efficiency, durable coatings in extreme conditions. Technological advances in rubber linings boost efficiency in mineral extraction and metallurgy processes.
Speciality Purpose Products and Machines
42.8
68.7
Special Purpose Machine Market is set to grow at a CAGR of 4.8%.
▪ ▪ Asia Pacific is the fastest-growing region (CAGR ~6.4%), driven by industrialisation,
automation & manufacturing expansion; China alone captures ~45% of that region’s demand.
▪ Market growth is fuelled by increasing industrial automation (Industry 4.0), higher labour-costs
in matured markets, demand for customised production equipment, and integration of IoT/AI for predictive maintenance & real-time monitoring.
2024
2034
Market Size in $Bn
www.thejo-engg.com
23
Performance Highlights
Financial Highlights
Revenue
EBITDA
13,344
13,556
15,311
2,091
1,867
2,327
1,228
PAT
976
1,411
(Rs Lakhs)
EPS (Basic) (In Rs.)
11
9
14
Q2FY25
Q1FY26
Q2FY26
Q2FY25
Q1FY26
Q2FY26
Q2FY25
Q1FY26
Q2FY26
Q2FY25
Q1FY26
Q2FY26
26,397
28,866
4,194
4,002
2,387
2,189
20
23
H1FY25
H1FY26
H1FY25
H1FY26
H1 FY25
H1 FY26
H1 FY25
H1 FY26
Y L R E T R A U Q
Y L R A E Y F L A H
www.thejo-engg.com
25
Key Developments/ Operational Highlights
Segment Performance*
4%
H1 FY26
34%
62%
Manufacturing Units
Service Units
Others
*Segment Performance includes intersegment revenue
www.thejo-engg.com
▪ The company has planned a capacity expansion
its manufacturing facilities, adding about 2,600 tonnes p.a. to its existing 3,600 tonnes capacity, at an estimated capex of ₹40 crore to be completed over the next 10–12 months.
for
▪ The company has bagged an order for the operation and maintenance of the Raw Material Handling System of a major steel plant for a period of three years from October 2025 to September 2028 at an estimated order value of ₹129 crores over the three- year period.
26
Strategic Strengths
Why Thejo?
▪ Diversified Global Footprint: Proven expansion into high-growth markets like South America and the UAE, with subsidiaries across three continents supporting scalable operations in mining and infrastructure.
▪ High-Entry-Barrier Products: Specialized, engineered solutions with limited competition
and sticky client relationships
▪ Robust Financial Performance: Consistent revenue and EBITDA growth, low leverage,
and strong return ratios
▪
▪
Favourable Sector Tailwinds: Rising global demand in mining, steel, cement, and ports driving product and service uptake
People Capability: Experienced excellence.
teams ensure reliability, safety, and execution
▪ One Stop Engineering Solution Provider: End-to-end capabilities across design, manufacturing, and maintenance, backed by in-house innovation and technical expertise, enable Thejo to deliver efficient, customized engineering solutions for diverse industries.
www.thejo-engg.com
28
Annexure
Consolidated Income Statement (Quarterly)
Particulars (Rs. Lakhs)
Q2 FY26
Q1 FY26
QoQ
Q2 FY25
YoY
H1 FY26
H1 FY25
Revenue from Operations
15,311
13,556
12.9%
13,344
14.7%
28,866
26,397
Cost Of Goods Sold
Employee benefits expenses
Other expenses
Total Expenses
EBITDA
EBITDA Margin
Depreciation and amortization
PBIT
Finance costs
Other Income
PBT
Tax Expense
PAT
PAT Margin
3,108
5120
4977
13,205
2,327
15.0%
219
2,109
110
221
1,999
588
1,411
9.1%
2,686
4634
4601
11921
1,867
13.5%
391
24.6%
1,476
42.8%
145
232
1,331
50.2%
355
976
7.1%
44.6%
2,640
4501
4515
11656
2,091
15.2%
487
1,604
139
404
1,465
237
1,228
8.9%
11.3%
31.4%
36.4%
14.9%
5,794
9753
9579
25125
4,194
14.3%
610
3,585
255
453
3,330
943
2,387
8.1%
5,137
8852
8878
22867
4,002
14.9%
936
3,067
285
473
2,781
592
2,189
8.1%
YoY
9.4%
4.8%
16.9%
19.7%
9.0%
www.thejo-engg.com
30
Consolidated Income Statement
Particulars (Rs. Lakhs)
Revenue from Operations
Other Income
Total Revenue
Cost of Goods Sold
Employee benefits expenses
Finance costs
Depreciation and amortization
Other expenses
Total Expenses
PBT
Tax Expense
PAT
FY22
FY23
FY24
FY25
H1FY26
42,446
47,446
55,940
55,274
28,866
124
42,570
9,632
15,195
315
1,053
10,747
36,943
5,628
1,377
4,251
313
47,759
10,740
15,970
461
1,219
14,792
43,182
4,577
1,097
3,480
322
56,263
11,775
17,154
643
2,044
16,984
48,600
7,663
1,725
5,938
507
55,781
11,553
17,354
523
1,936
17,598
48,964
6,817
1,586
5,231
453
29,320
5,794
9,753
255
610
9,579
25,990
3,330
943
2,387
www.thejo-engg.com
31
Consolidated Balance Sheet
Particulars (Rs. Lakhs)
I. Assets
Property, plant and equipment
Other non-current assets Total non-current assets Inventories Trade receivables Cash and cash equivalents Other current assets Total current assets Total assets II. Equity and liabilities Total equity Borrowings Other non-current liabilities
Total non-current liabilities Current borrowings Trade payables Other current liabilities Total current liabilities Total liabilities Total equity and liabilities
FY22
FY23
FY24
FY25
H1 FY26
4,403
3,137 7,540 5,222 10,664 4,279 2,587 22,752 30,292
18,569 1,241
2,513
3,754
423 3,456 4,089 7,968 11,722 30,292
8,297
3,539 11,837 5,900 10,805 4,280 3,610 24,594 36,430
21,949 1,032
3,171
4,203
554 4,740 4,984 10,278 14,481 36,430
8,089
3,583 11,672 6,247 13,559 6,011 3,890 29,706 41,377
27,257 798
3,039
3,837
623 4,066 5,594 10,283 14,120 41,377
7,866
6,189 14,055 6,600 13,439 6,586 3,959 30,584 44,639
32,032 130
2,664
2,794
205 4,110 5,499 9,814 12,608 44,639
11,484
5,681 17,164 7,452 13,711 4,697 6,157 32,017 49,181
34,556 100
3,572
3,672
191 4,112 6,650 10,954 14,626 49,181
www.thejo-engg.com
32
Shareholder Information
Shareholding as on 30th September 2025
Share Information as on 30th September 2025
Promoter & Promoter Group 53.6%
NSE Ticker
Share Price
Market Cap (INR Cr)
% free-float
Free-float market cap (INR Cr)
Shares Outstanding
3M ADTV (Shares)*
3M ADTV (INR Cr)*
Industry
*Source: NSE ADTV (Shares): Average Daily Traded Volume ADTV (INR Cr): Average Daily Traded Value
THEJO
1,801.60
1954.08
46.38%
906.40
1,08,46,379
8,581
1.84
Industrial Products
Others 42.4%
FII 0.7%
DIIs 3.3%
www.thejo-engg.com
33
Thank You
www.thejo-engg.com