TickerSutra

NSE: TBOTEK · BSE: 544174 · ISIN INE673O01025

TBO Tek Limited stock analysis

TBO Tek Limited ranks #1109 in the TickerSutra evidence-ranked universe with a score of 56/100 and 93% data confidence. The latest captured fundamentals show ROCE of 18.3%, quarterly sales growth of 81.1% and quarterly profit growth of 47.1%.
Complete evidence gate pass governance reviewUpdated 29 Sept 2026
TICKERSUTRA SCORE56/100

Monitor only

#1109 of 5,430 ranked equities
Market capitalisation₹18,442.55cr
ROCE18.3%
Quarterly sales growth81.1%
Quarterly profit growth47.1%
P/E ratio68.6×
Promoter pledge0.0%

INVESTMENT EVIDENCE

What supports—and challenges—the thesis

Evidence in favour

  • 36% three-year sales CAGR
  • Institutional ownership is rising
  • CWIP indicates an active capacity pipeline
  • No promoter shares are reported as pledged

Risks and constraints

  • CFO/EBITDA is below 0.6×
  • Valuation is above 40× earnings

Still unresolved: Related-party exposure · Broad media sentiment

FINANCIAL TRAJECTORY

Recent operating history

PeriodRevenueOperating profitNet profitOperating margin
2022₹483cr₹32cr₹34cr7.0%
2023₹1,065cr₹189cr₹148cr18.0%
2024₹1,393cr₹261cr₹201cr19.0%
2025₹1,737cr₹285cr₹230cr16.0%
2026₹2,677cr₹378cr₹244cr14.0%
TTM₹3,092cr₹432cr₹265cr14.0%
Debt / equity0.49×
CFO / EBITDA-0.06×
Operating margin14.0%
Free cash flow₹-87cr
Sales CAGR · 3Y36.0%
Profit CAGR · 3Y18.1%

EXCHANGE EVENT TRIGGERS

Latest corporate disclosures

0 positive catalysts0 negative catalysts2 routine filings
RoutineTrading WindowNSE · 28 Sept 2026

TBO Tek Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015

RoutineAnalyst/Investor Meet Para A-XBRLNSE · 10 Sept 2026 · Structured filing

TBO Tek Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet

Readable disclosure summary

TBO Tek Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet

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MANAGEMENT COMMENTARY

Signals from filed documents

Margin expansionModerate severity · 9 mentions
Positive catalyst

But platform level dynamics should play out and if we choose to optimize, there is a significant runway for improving those margins from where they are today. Prateek Kumar: Of course, improvement in margin is great. You are not focusing too much on margin versus growth.

Operating leverageModerate severity · 11 mentions
Positive catalyst

We were expecting to see it in Q4 but unfortunately the war broke out in that quarter. But we are happy with the fact that Q1 , there is a clear demonstration of operating leverage and we expect, given that margins have expanded even on moderate top line growth given the war situation, our expectation is that as top line growth normalizes when things come back to normal, the bottom-line growth should accelerate furth

Management confidenceLow severity · 1 mention
Constructive

I think we TBO Tek Limited July 30, 2026 Page 13 of 27 will have to find those levers. We are confident we will find them, but that is definitely a few quarters away. On the other hand, if you remember when we presented our Q4 numbers, we shown the organic growth in Jan and Feb before this war broke out.

HOW TO READ THIS PAGE

Evidence, freshness and limitations

What does the TickerSutra score mean?

The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.

Which sources support this page?

Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.

Why can an item be unresolved?

Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.

Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer

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