āagmanLoginNot investment advice. Data and computed figures, for information only.
TBO Tek Ltd
₹1,627.50
−₹0.40 (−0.02%)
NSE · 16 Oct 2026, close
Market Cap
₹18,095 Cr
CMP
₹1,627.50
52-wk High / Low
₹1,773 / 1,004
P/E
67.3
P/B
11.7
Book Value
₹143.0
Div Yield
0.00%
ROCE
18.0%
ROE
17.4%
Face Value
₹1
D/E
0.49
Price+5.9% over 1Y
āagman read
Computed by āagmanPiotroski F-Score
3
/ 9
3 of 9 F-score tests passed
Graham Number
₹269
√(22.5 × EPS × book value per share)
ROIC
10.5%
vs 7.6% sector median
Cash flow to profit
−0.09
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+42
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
17.4%
ROE × earnings retention ratio
ROE stability
11.9
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII −0.78DII +0.75
Latest quarter vs the previous one
Cash-accrual divergence
3.4%
of assets
Low = accruals track cash flow
Strengths
+ROCE has stayed above the sector median for 5 consecutive years (weakest: 18% vs the 2026 sector median of 13%)
+Price trades above its 200-day moving average (1.1x)
+Price is within 10% of its 52-week high (-8.2%)
Watch-outs
−Piotroski F-Score of 3/9 is in the weak band (≤3)
Peer comparison
| Name | P/E | Mar Cap ₹ Cr | ROCE % | ROE % |
|---|
Quarterly results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 345 | 352 | 327 | 369 | 418 | 451 | 422 | 446 | 511 | 568 | 784 | 814 | 926 |
| Expenses | 278 | 283 | 271 | 304 | 340 | 375 | 367 | 381 | 437 | 479 | 684 | 709 | 788 |
| Operating Profit | 67 | 70 | 56 | 66 | 79 | 75 | 55 | 65 | 74 | 88 | 100 | 105 | 138 |
| OPM % | 19.4% | 19.9% | 17.1% | 17.9% | 18.9% | 16.6% | 13.0% | 14.6% | 14.5% | 15.5% | 12.8% | 12.9% | 14.9% |
| Other Income | −4 | 1 | 12 | 7 | 15 | 15 | 20 | 25 | 20 | 15 | 7 | 13 | 13 |
| Interest | 2 | 2 | 3 | 4 | 6 | 6 | 6 | 5 | 5 | 9 | 15 | 15 | 15 |
| Depreciation | 6 | 7 | 8 | 15 | 12 | 13 | 13 | 14 | 14 | 16 | 26 | 30 | 33 |
| Profit before tax | 54 | 62 | 57 | 53 | 76 | 71 | 57 | 71 | 75 | 78 | 66 | 74 | 103 |
| Net Profit | 47 | 56 | 51 | 46 | 61 | 60 | 50 | 59 | 63 | 68 | 54 | 60 | 83 |
| EPS (₹) | 4.59 | 5.41 | 4.93 | 4.47 | 5.61 | 5.53 | 4.60 | 5.43 | 5.80 | 6.22 | 4.94 | 5.53 | 7.68 |
Profit & Loss
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 343 | 441 | 571 | 142 | 483 | 1,065 | 1,393 | 1,737 | 2,677 | 3,092 |
| Expenses | 292 | 395 | 484 | 163 | 451 | 876 | 1,132 | 1,453 | 2,299 | 2,660 |
| Operating Profit | 51 | 46 | 87 | −21 | 32 | 189 | 261 | 285 | 378 | 432 |
| OPM % | 14.9% | 10.4% | 15.2% | −14.8% | 6.6% | 17.7% | 18.7% | 16.4% | 14.1% | 14.0% |
| Other Income | 9 | −1 | 18 | 5 | 37 | 24 | 21 | 75 | 54 | 48 |
| Interest | 5 | 6 | 5 | 2 | 7 | 14 | 19 | 33 | 52 | 53 |
| Depreciation | 1 | 5 | 12 | 11 | 16 | 25 | 36 | 52 | 86 | 106 |
| Profit before tax | 53 | 34 | 88 | −30 | 46 | 174 | 227 | 275 | 293 | 321 |
| Net Profit | 36 | 26 | 73 | −34 | 34 | 148 | 201 | 230 | 244 | 265 |
| EPS (₹) | 187.62 | 138.92 | 384.79 | −180.13 | 3.23 | 13.84 | 19.39 | 21.17 | 22.50 | 24.37 |
Balance Sheet
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 2 | 10 | 10 | 10 | 11 | 11 | — |
| Reserves | 130 | 159 | 238 | 202 | 221 | 330 | 534 | 1,184 | 1,540 | — |
| Borrowings | 0 | 21 | 17 | 8 | 63 | 71 | 210 | 214 | 756 | — |
| Other Liabilities | 462 | 644 | 536 | 364 | 976 | 2,147 | 4,100 | 4,797 | 6,996 | — |
| Total Liabilities | 594 | 826 | 793 | 576 | 1,271 | 2,558 | 4,855 | 6,206 | 9,303 | — |
| Fixed Assets | 2 | 44 | 35 | 23 | 92 | 136 | 349 | 345 | 1,619 | — |
| CWIP | 0 | 0 | 4 | 9 | 0 | 0 | 14 | 39 | 14 | — |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 173 | 263 | — |
| Other Assets | 592 | 782 | 755 | 545 | 1,179 | 2,422 | 4,490 | 5,649 | 7,407 | — |
| Total Assets | 594 | 826 | 793 | 576 | 1,271 | 2,558 | 4,855 | 6,206 | 9,303 | — |
Cash Flows
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 6 | 93 | −3 | 51 | 198 | 237 | 226 | 289 | −21 |
| Cash from Investing Activity | 7 | −39 | −6 | −28 | −27 | −85 | −154 | −443 | −361 |
| Cash from Financing Activity | −5 | −5 | −8 | −5 | −16 | −14 | 115 | 365 | 441 |
| Net Cash Flow | 8 | 49 | −18 | 17 | 156 | 138 | 188 | 210 | 60 |
Ratios
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| ROCE % | — | 29.0 | 42.0 | 1.0 | 18.0 | 53.0 | 43.0 | 27.0 | 18.0 |
| ROE % | — | — | — | — | — | — | — | — | 17.4 |
| EPS (₹) | 187.62 | 138.92 | 384.79 | −180.13 | 3.23 | 13.84 | 19.39 | 21.17 | 22.50 |
| Book Value (₹) | — | — | — | — | — | — | — | — | 143.0 |
| Face Value (₹) | — | — | — | — | — | — | — | — | 1 |
| P/E | — | — | — | — | — | — | — | — | 67.3 |
| Div Yield % | — | — | — | — | — | — | — | — | 0.00 |
| NPM % | 10.2 | 5.9 | 12.4 | −23.1 | 6.5 | 13.6 | 14.2 | 12.7 | 8.9 |
| OPM % | 15.0 | 10.0 | 15.0 | −15.0 | 7.0 | 18.0 | 19.0 | 16.0 | 14.0 |
| D/E | 0.00 | 0.13 | 0.07 | 0.04 | 0.27 | 0.21 | 0.39 | 0.18 | 0.49 |
| P/B | — | — | — | — | — | — | — | — | 11.7 |
Growth
Compounded sales growth
5 years+80.0%
3 years+36.0%
TTM+69.0%
Compounded profit growth
5 years+90.0%
3 years+19.0%
TTM+25.0%
Stock price CAGR
Last year+7.0%
Return on equity
5 years26.0%
3 years24.0%
Last year17.0%
Documents
Corporate actions
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman