Tembo Global Industries Ltd(TEMBO)

NSE: TEMBO

₹ 51.39-1.44%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 995 crWebsite: www.tembo.inUpdated: 24 Oct 2026

About

Tembo Global Industries Limited (NSE: TEMBO), formerly Saketh Exim Limited and incorporated in 2010, manufactures and trades engineering products - pipe support systems, fasteners, anchors, anti-vibration systems, HVAC solutions, forged fittings and flanges - and trades fabrics and textile materials. In FY26 the company reported consolidated revenue of INR 1,090 crore, with Engineering Products contributing 60% and Textiles 40% of revenue. It is pivoting rapidly toward higher-margin engineering and EPC work, with Engineering & EPC rising to 99% of Q1 FY27 revenue and an order book of INR 1,500+ crore at that date.^[1][2][3][4]

Business segments

Textiles: 40% of consolidated FY26 revenue (INR 438.68 crore), EBIT margin 1.8% in FY26 - trading of fabrics and textile materials; order book INR 70+ crore in Q1 FY27.^[4][3]
Revenue mix shifted sharply: Engineering & EPC rose to 99% of Q1 FY27 consolidated revenue from 44% in Q1 FY26, reflecting deliberate exit from low-margin textile trading.^[3]

Manufacturing capacity and facilities

Vasai, Maharashtra greenfield plant commissioned January 2026; integrated capacity 1,00,000 MTPA (up from 18,000 MTPA), capital outlay approximately INR 75 crore. Products: ERW Pipes 60,000 MTPA and Strut Channels 30,000 MTPA.^[2][5]
Vasai plant utilisation at 35 - 40% in Q1 FY27; strut channels contributing to revenue; ERW pipes yet to commercialise. Revenue potential at peak utilisation: INR 700 crore.^[3][5]
Production facilities certified to ISO 9001:2015; products carry UL and FM approvals.^[2]

Key operating numbers

Order book INR 1,500+ crore in Q1 FY27 (INR 1,548 crore at 31 March 2026, of which Engineering & EPC comprised 95%); bidding pipeline including L1 and EPC projects INR 2,400+ crore in Q1 FY27.^[3][5][2]
EBITDA margin 16.3% in Q1 FY27 (+493 bps YoY); full-year FY26 EBITDA margin 13.1% (+74 bps YoY). Engineering segment EBIT margin 21.9% in FY26 vs Textiles at 1.8%.^[3][5][4]
Working capital days 90 in Q1 FY27 (94 days in FY26, up from 84 in FY25), driven by extended credit periods in EPC projects and retention-linked receivables.^[3][5]
Export mix: 13% of Engineering Products revenue in 9M FY26; domestic revenue approximately 88% of consolidated FY26 revenue.^[6][2]

Customers and distribution

Serves customers across oil & gas, chemicals & petrochemicals, marine, shipbuilding, nuclear, power, construction, steel, cement, mining and automobile sectors.^[2]
Named customers include Adani Enterprises Limited (consultancy project worth INR 107 crore in FY26) and KNPC (INR 300 crore tender for upgradation of Sea Island facility).^[2]
Exports to over 30 countries including the USA and the Middle East; regional sales presence in the United States, United Kingdom, the Gulf, and Asian and European markets.^[2]

Expansion and capex

Defence manufacturing facility in Amravati, Maharashtra: Phase 1 investment INR 550 crore (INR 200 - 250 crore debt plus internal accruals/equity); Phase 2 INR 400 - 450 crore to follow. Land acquired; construction set to begin August 2026-end.^[3]
120 MW solar project: total capex INR 640 crore; INR 471 crore sanctioned by financial institutions; 25-year PPA with MSEDCL. Four sites commissioned and operational as of August 2026; remaining sites targeted for Q2 FY27 commissioning.^[3][5][2]
UAV joint venture (JR UAV Limited) with JR UAV Europe (Italy) and JR PROPO (Japan): UAV component manufacturing at Vasai targeted for Q3 FY27 start; first-calendar-year revenue target ~INR 100 crore.^[3]

Defence and aerospace entry

Subsidiary Tembo Defence Products Pvt. Ltd. holds a Defence Manufacturing Licence from Government of Maharashtra and a Government of India licence for ammunition manufacturing, secured in FY26.^[2][5]
Technology tie-up with a European partner for arms and ammunition manufacturing; NDA signed with a leading defence PSU for indigenous design, development and production.^[2][5]
Commercial production at Amravati defence facility targeted from Q1 FY28; FY28 revenue target INR 300 - 350 crore at 45 - 50% EBITDA and 30 - 35% PAT margins.^[3][2]

Recent developments

EGM on 4 September 2026 approved preferential issue of up to 2,00,00,000 convertible warrants at INR 57 per warrant, aggregating up to INR 114 crore.^[2]
Equity shares sub-divided from INR 10 face value to Re. 1 per share, effective 5 August 2026; application for BSE direct listing pending as of the annual report date.^[2]
CARE Ratings revised long-term outlook from Stable to Negative (CARE BBB - ); Infomerics assigned fresh rating of IVR BBB+/Stable for long-term facilities.^[2]
Qualified as L1 bidder for an offshore revamp project by KNPC in Kuwait estimated at ~INR 300 crore, covering fire protection, marine equipment and integrated infrastructure.^[5]

Market Cap

₹995 Cr

High / Low

₹84 / 43

Stock P/E

9.3

Price / Book

2.2

Book Value

₹244

EPS

₹4.9

No. of Shares

1.85 Cr

ROCE

21.5%

ROE

27.5%

OPM

13.6%

Debt / Equity

0.83

Sales

₹1,090 Cr

Net Profit

₹98 Cr

Promoter holding

39.0%

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Tembo Global Industries Ltd(TEMBO)

About

Business segments

Manufacturing capacity and facilities

Key operating numbers

Customers and distribution

Expansion and capex

Defence and aerospace entry

Recent developments

Signal history

The analysis Screener can't give you

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Verdict

Company data

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