Tembo Global Industries financials and balance sheet

NSE: TEMBOBSE: 544987Industrial ProductsSmall Cap

Formerly Saketh Exim

₹50.53₹1.61 (3.09%)BSE ₹50.46

Share price at the NSE close on 23 Oct 2026. Previous close ₹52.14.

52-week range of traded prices to 23 Oct 2026

₹43.34Low, 30 Mar 2026₹83.70High, 11 Nov 2025

Market cap: ₹978 Cr1,537th largest listed
P/E: 9.6
P/B: 2.2
Dividend yield: 0.20%
ROE: 30.9%
ROCE: 18.0%
Debt to equity: 0.77
Volume, NSE: 12,68,25944.3% delivered

7 years at a glance

Consolidated: the company and its subsidiaries together. ₹ crore, years to March.Tembo Global Industries annual reports

Revenue, net profit and borrowings, ₹ crore

Revenue
Net profit
Borrowings

Operating and net margin, per cent

Operating margin
Net margin

The years either side of a change of basis do not compare. From the year to Mar 2025, the company's revenue for that year, ₹743 Cr, differs from its quarters added, ₹731 Cr.

Results for the year to Mar 2026

Consolidated: the company and its subsidiaries together. ₹ crore.

From revenue to net profit

Revenue1,090
Materials and goods−477
Employee costs−12
Other expenses−459
Operating profit142
Depreciation−6.6
Other income+15
One-off items+4.0
Finance costs−25
Profit before tax129
Tax−31
Net profit98

What the company owns

Plant, investments and other assets₹738 Cr
Receivables₹234 Cr
Inventory₹184 Cr
Cash and bank₹125 Cr
Current investments₹26 Cr

What pays for it: net worth and liabilities

Net worth₹492 Cr
Borrowings₹377 Cr
Other liabilities₹302 Cr
Owed to suppliers₹136 Cr

Tembo Global Industries business segments, year to Mar 2026

A reportable segment is a line of business the company must report on its own. Consolidated, ₹ crore, as the company reports them.Tembo Global Industries segment results by quarter

Revenue by segment

₹1,090 CrTotal

Manufacturing and Trading of Engineering Products₹652 Cr59.8% of total
Trading of Fabrics of and Textile Materials₹439 Cr40.2% of total

Profit by segment

Manufacturing and Trading of Engineering Products₹143 Cr94.8% of total
Trading of Fabrics of and Textile Materials₹8 Cr5.2% of total

Segment results by year

Consolidated, ₹ crore, years to March.

Manufacturing and Trading of Engineering Products
Revenue, ₹ crore
306
652
Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
54
143
Mar 22Mar 23Mar 24Mar 25Mar 26
Trading of Fabrics of and Textile Materials
Revenue, ₹ crore
94
157
410
439
Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
5
2
8
8
Mar 22Mar 23Mar 24Mar 25Mar 26

₹ crore	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue of all businesses	178	250	–	716	1,090
Company revenue, as in its results	176	250	432	743	1,090
Revenue	–	–	–	306	652
Revenue growth	–	–	–	–	112.9%
Profit	–	–	–	54	143
Profit growth	–	–	–	–	165.1%
Margin	–	–	–	17.6%	21.9%
Return on capital	–	–	–	30.9%	28.3%
Assets	–	–	–	514	1,269
Liabilities	–	–	–	340	765
Capital employed	–	–	–	174	504
Revenue	94	157	–	410	439
Revenue growth	–	66.7%	–	–	7.0%
Profit	5	2	–	8	8
Profit growth	–	−62.9%	–	–	−8.3%
Margin	5.1%	1.1%	–	2.1%	1.8%
Return on capital	44.2%	9.0%	–	20.0%	–
Assets	19	21	–	60	38
Liabilities	8	1	–	17	50
Capital employed	11	20	–	42	−12
Revenue	84	93	–	–	–
Revenue growth	–	11.3%	–	–	–
Profit	3	9	–	–	–
Profit growth	–	214.1%	–	–	–
Margin	3.6%	10.2%	–	–	–
Return on capital	21.4%	47.2%	–	–	–
Assets	72	89	–	–	–
Liabilities	58	69	–	–	–
Capital employed	14	20	–	–	–

Profit is before tax and finance costs, the way companies report their segments.

Profit and loss

Consolidated, ₹ crore, years to March. No results on record for the year to Mar 2021.Tembo Global Industries quarterly results

₹ crore	Mar 2020	Mar 2021	Mar 2022Filed 29 May	Mar 2023Filed 31 May	Mar 2024Filed 30 May	Mar 2025Filed 22 May	Mar 2026Filed 25 May
Revenue from operations	79	–	176	250	432	743	1,090
	73	–	168	236	413	652	948
Materials and goods bought	54	–	138	207	378	522	477
Employee costs	3	–	5	6	8	8	12
Other expenses	16	–	25	24	27	122	459
Operating profit before depreciation	6	–	8	13	19	92	142
Operating margin	7.2%	–	4.7%	5.4%	4.4%	12.3%	13.1%
Materials, % of revenue	69.2%	–	78.3%	82.7%	87.5%	70.3%	43.7%
Employee costs, % of revenue	3.2%	–	2.8%	2.3%	1.9%	1.0%	1.1%
Other expenses, % of revenue	20.4%	–	14.2%	9.7%	6.2%	16.4%	42.1%
Depreciation and amortisation	1	–	2	3	3	2	7
Operating profit after depreciation	5	–	6	11	16	89	136
Other income	0	–	2	0	7	3	15
Finance costs	2	–	4	3	5	17	25
Profit before one-off items and tax	3	–	4	8	19	76	125
One-off items	0	–	0	0	0	0	4
Profit before tax	3	–	4	8	19	76	129
	1	–	1	2	5	21	31
Current tax	–	–	1	2	5	22	31
Deferred tax	–	–	0	0	0	0	0
	2	–	3	6	14	54	98
Belonging to the company's shareholders	2	–	3	6	14	50	91
Belonging to outside owners of subsidiaries	–	–	0	0	0	4	7
Other comprehensive income	–	–	0	0	0	0	0
Total comprehensive income	–	–	3	6	14	54	98
Net margin	3.0%	–	1.8%	2.3%	3.3%	7.3%	9.0%

Share of profit of joint ventures and associates is left blank for the year to Mar 2025: the filing states 0 for this share both for the period and for the year so far, which the form also writes for a line it does not fill, while the company's other filings for the same year show it was not 0 over those months.

Balance sheet

Consolidated, ₹ crore, at 31 March.

₹ crore	Mar 2023Filed 31 May	Mar 2024Filed 30 May	Mar 2025Filed 22 May	Mar 2026Filed 25 May
	40	66	217	492
	40	66	211	452
Share capital	11	25	16	19
Reserves	29	41	196	434
Belonging to outside owners of subsidiaries	0	0	6	40
	41	50	258	377
Repayable after a year	6	10	38	191
Repayable within a year	35	40	221	186
	54	87	319	568
Trade payables	14	38	60	136
Other financial liabilities	0	0	23	4
Other liabilities	5	4	15	192
Provisions	0	0	0	15
Tax owed	0	5	–	36
	16	10	39	246
Other financial liabilities	1	–	1	54
Other liabilities	7	0	–	–
Provisions	2	0	0	1
Total assets	110	163	574	1,306
	33	41	248	218
Plant in use, after depreciation	20	21	25	108
Plant being built	3	8	84	68
Intangible assets	1	1	1	10
Property held to earn rent	1	–	0	0
Investments	1	1	2	5
Loans given	0	1	53	3
Other financial assets	4	7	83	23
Deferred tax	0	0	0	0
Other assets	2	1	1	–
	77	122	326	1,088
Inventories	35	45	112	184
Trade receivables	24	31	120	234
Cash and cash equivalents	0	0	2	85
Other bank balances	0	0	0	40
Current investments	0	0	0	26
Loans given	0	21	0	31
Other financial assets	17	–	34	62
Tax paid in advance	1	1	2	16
Other assets	0	24	55	412
Net debt	41	49	256	226

Borrowings are counted again inside the liabilities due within a year and after a year. No balance sheet is on record for the years to Mar 2020 and Mar 2022, so its lines and the ratios worked from it are blank there.

Cash flow

Consolidated, ₹ crore, years to March.

₹ crore	Mar 2022Filed 29 May	Mar 2023Filed 31 May	Mar 2024Filed 30 May	Mar 2025Filed 22 May	Mar 2026Filed 25 May
	4	2	−7	−203	−90
	5	3	−4	−193	−61
	−3	−12	−10	−286	−215
Receivables	3	4	−7	−89	−462
Inventories	−8	−7	−11	−66	−73
Payables	0	−4	23	23	321
Other working capital	1	−5	−15	−153	0
Tax paid	−2	−2	−2	−10	−29
Capital spending	5	7	0	82	97
Free cash flow	−2	−6	−7	−285	−187
	−5	−7	−8	−81	−85
Companies bought	0	0	0	−1	0
Interest received	0	0	0	2	8
	2	6	15	286	258
Borrowings raised	8	17	4	209	117
Borrowings repaid	−3	−18	0	0	0
Interest paid	−4	−3	−5	−17	−25
Lease payments	0	−1	0	0	0
Dividends paid	1	1	2	3	3
Shares bought back	0	0	0	0	0
Shares issued	0	11	14	103	169
Net change in cash	0	0	0	2	83

Capital spending is part of cash from investing, and dividends paid, shares bought back and shares issued are part of cash from financing. Each is shown as an amount on a line of its own, and the section's other items are in its total only. No cash flow statement is on record for the year to Mar 2020.

Consolidated, ₹ per share, years to March.Tembo Global Industries dividend history

₹ per share	Mar 2022Filed 29 May	Mar 2023Filed 31 May	Mar 2024Filed 30 May	Mar 2025Filed 22 May	Mar 2026Filed 25 May
	₹0.31	₹0.52	₹1.27	₹3.28	₹5.51
As stated that year	₹3.14	₹5.22	₹12.70	₹32.77	₹55.11
	₹0.31	₹0.52	₹1.05	₹3.11	₹5.12
As stated that year	₹3.14	₹5.22	₹10.46	₹31.13	₹51.23
	₹0.12	₹0.15	₹0.10	₹0.20	₹0.10
As declared that year	₹1.20	₹1.50	₹1.00	₹2.00	₹1.00
	–	₹3.59	₹5.95	₹13.66	₹24.39
On that year's share count	–	₹35.92	₹59.55	₹136.62	₹243.88
Dividend payout	38.2%	28.8%	7.8%	6.1%	2.0%
Shareholder yield	0.5%	−4.2%	−4.3%	−13.1%	−19.2%
Market cap at the year end (₹ crore)	200	222	279	766	868

Every year is restated for later splits and bonuses, so they do not break the line. The figure the company stated that year is under each line it differs from.

Ratios

Consolidated, years to March.Tembo Global Industries PE ratio and valuation

Ratio	Mar 2020	Mar 2021	Mar 2022Filed 29 May	Mar 2023Filed 31 May	Mar 2024Filed 30 May	Mar 2025Filed 22 May	Mar 2026Filed 25 May
Revenue growth	–	–	–	42.0%	73.0%	–	46.7%
Operating profit growth	–	–	–	63.4%	41.8%	–	55.4%
Net profit growth	–	–	–	83.6%	145.3%	–	81.5%
Earnings per share growth	–	–	–	66.2%	143.3%	–	68.2%
	–	–	–	14.5%	26.8%	36.4%	27.5%
	–	–	–	–	12.3 pts	9.5 pts	−8.8 pts
From the net margin	–	–	–	–	6.1 pts	28.5 pts	8.5 pts
From asset turnover	–	–	–	–	8.1 pts	−20.1 pts	−19.1 pts
From borrowing	–	–	–	–	−1.9 pts	1.1 pts	1.7 pts
Return on capital employed	–	–	–	13.4%	14.1%	18.8%	15.6%
Cash conversion	–	–	124.2%	31.0%	−48.4%	−375.9%	−91.8%
Interest cover	3.0	–	1.7	3.2	3.1	5.3	5.4
Debt to equity	–	–	–	1.03	0.75	1.19	0.77
Receivable days	–	–	–	34	26	59	78
Inventory days	–	–	–	61	44	78	141
Payable days	–	–	–	24	36	42	104
Cash conversion cycle, days	–	–	–	71	33	95	115
Working capital days	–	–	–	85	63	111	186
Asset turnover	–	–	–	2.27	3.17	2.02	1.16
Assets per rupee of net worth	–	–	–	2.75	2.57	2.66	2.83
Sales per rupee of plant	–	–	–	12.41	20.52	29.44	10.08
Capital spending to depreciation	–	–	2.36	2.83	0.00	35.33	14.61
Plant being built, % of plant in use	–	–	–	15.9%	38.3%	333.1%	63.2%

Revenue growth, operating profit growth, net profit growth and earnings per share growth are left blank for the year to Mar 2025: between the two periods the company restated its earlier figures, so the two are on different bases and the change is not worked out. No balance sheet is on record for the years to Mar 2020 and Mar 2022, so its lines and the ratios worked from it are blank there.

Growth and returns over 3, 5 and 10 years

Consolidated: the company and its subsidiaries together. Each window ends with the year to Mar 2026.

Return on assets, latest year: 9.7%
Cash from operations against operating profit: −63.3%

Measure	5 years	3 years
Revenue growth, yearly rate	–	63.4%
Profit growth, yearly rate	–	150.8%
Return on equity, average	26.3%	30.2%
Return on capital employed, average	15.5%	16.2%
Operating margin, average	8.0%	9.9%
Net margin, average	4.7%	6.5%
Asset turnover, average	2.15	2.11
Cash conversion cycle, days, average	78	81
Interest cover, average	3.7	4.6
Debt to equity, average	0.93	0.90

Where the cash came from and went

Consolidated: the company and its subsidiaries together. ₹ crore, added up over each window, which ends with the year to Mar 2026.

₹ crore	5 years	3 years	Latest year
Cash from operations	−295	−301	−90
Cash from investing	−187	−174	−85
Cash from financing	567	560	258
Capital spending	191	179	97
Dividends paid	10	8	3
Shares bought back	0	0	0
Shares issued for cash	297	286	169
Borrowings raised	355	330	117
Borrowings repaid	20	0	0

Accounting checks

Consolidated, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.

Check	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Piotroski score, out of 9Published threshold 3 points out of 9	–	–	–	–	–	5	3
Altman Z-scorePublished threshold 1.81	–	–	–	5.14	5.48	3.66	2.81
Beneish M-scorePublished threshold −1.78	–	–	–	–	−1.13	1.86	−1.76
Profit not backed by cash, % of assetsPublished threshold 10 per cent of average total assets	–	–	–	–	21.55	91.78	29.09
Cash from operations to profit, 3 yearsPublished threshold 0.7 times	–	–	–	–	−0.05	−2.81	−1.80
Receivables growth less revenue growthOur threshold 0 percentage points	–	–	–	–	−42.37	218.32	48.34
Inventory growth less cost-of-goods growthOur threshold 0 percentage points	–	–	–	–	−52.37	108.92	73.31
Other current assets growth less revenue growthOur threshold 5 per cent of revenue	–	–	–	–	1.61	8.94	36.48
Assets under construction, years of additionsOur threshold 2 years of additions	–	–	–	–	2.21	12.93	0.76
Effective tax ratePublished threshold 17.16 per cent	27.45	–	26.58	26.48	24.81	28.41	24.14
Tax charged less tax paid, % of profitOur threshold 10 percentage points	–	–	−8.96	6.31	11.95	14.72	1.58

A threshold marked as ours has no published figure; it is the line we read the check against.

Credit ratings

An agency's view of the chance the company repays a borrowing on time, from AAA, the highest, down to D, in default.

Date	Agency	Borrowing rated	Rating	Outlook	Amount, ₹ Cr
29 Sep 2026	CARE Ratings Limited (opens in a new tab)	Non-fund-based - LT/ ST-BG/LC	CARE BB+ / CARE A4+; ISSUER NOT COOPERATING*Review, Downgrade	Stable	15
29 Sep 2026	CARE Ratings Limited (opens in a new tab)	Fund-based - LT-Term Loan	CARE BB+; ISSUER NOT COOPERATING*Review, Downgrade	Stable	52.49
29 Sep 2026	CARE Ratings Limited (opens in a new tab)	Non-fund-based - ST-Bank Guarantee	CARE A4+; ISSUER NOT COOPERATING*Review, Downgrade		67.86
29 Sep 2026	CARE Ratings Limited (opens in a new tab)	Fund-based - ST-EPC/PSC	CARE A4+; ISSUER NOT COOPERATING*Review, Downgrade		16.50
29 Sep 2026	CARE Ratings Limited (opens in a new tab)	Fund-based - LT-Cash Credit	CARE BB+; ISSUER NOT COOPERATING*Review, Downgrade	Stable	233.50
3 Jul 2026	Infomerics Valuation and Ratings Private Limited (opens in a new tab)	Long Term Rating	IVR BBB+New, New	Stable	305.82
3 Jul 2026	Infomerics Valuation and Ratings Private Limited (opens in a new tab)	Short Term Rating	IVR A2New, New		72.68
3 Jul 2026	Infomerics Valuation and Ratings Private Limited (opens in a new tab)	Long Term Rating/Short Term Rating	IVR BBB+/ IVR A2New, New	Stable	11.50

The latest rating on each borrowing. The agency's name opens its reasoning for the rating.