Thejo Engineering Share Price Prediction 2027: Scenario Targets, Valuation and Technical Outlook

Thejo Engineering share price prediction 2027 comes down to earnings growth and the multiple investors pay for it, and the reported numbers give a measured answer. The stock trades at Rs 2,034.40 on NSE as of 9 October 2026, 11.0% below its 52-week high of Rs 2,286.60, after the company reported net profit of Rs 48.85 crore for FY26.

This Thejo Engineering stock forecast 2027 builds conservative, base and bull scenarios from exchange-reported financials, shareholding data and daily price indicators, with every assumption shown.

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Thejo Engineering Share Price Today and Key Data

The Thejo Engineering share price today is Rs 2,034.40 on NSE, down 1.90% on the day. The market capitalisation stands at Rs 2,250 crore. Over the past year the price has risen 11.6% from Rs 1,823.60. Every Thejo Engineering stock forecast figure below starts from this price.

Metric	Value
Company	Thejo Engineering (THEJO)
Current Price	Rs 2,034.40
52-Week High	Rs 2,286.60 (11 August 2026)
52-Week Low	Rs 1,443.60 (2 April 2026)
Market Cap	Rs 2,250 crore
PE Ratio	41.42
Industry PE	48.45
PB Ratio	6.35
EPS (TTM)	Rs 50.07
Return on Equity	13.90%
Debt to Equity	0.12
Dividend Yield	0.24%
Book Value per Share	Rs 326.71

What Is the Thejo Engineering Share Price Prediction for 2027?

The Thejo Engineering share price prediction for 2027 is a conservative case of Rs 2,235, a base case of Rs 2,240 and a bull case of Rs 2,583. Against Rs 2,034.40, these imply 9.9% upside, 10.1% upside and 27.0% upside. They are model scenarios built from reported EPS growth, not broker targets.

Scenario	EPS Growth Basis	EPS Estimate	PE Multiple	Implied Value	Upside vs Current Price
Conservative Case	Lower of FY26 growth (10.4%) and 4-year CAGR (9.8%)	Rs 55.00 (+9.8%)	Unchanged from today (price to EPS ratio kept constant)	Rs 2,235	+9.9%
Base Case	Average of the two	Rs 55.14 (+10.1%)	Unchanged from today (price to EPS ratio kept constant)	Rs 2,240	+10.1%
Bull Case	Higher of the two	Rs 55.28 (+10.4%)	Re-rated 15.0% toward industry PE of 48.45 (still at or below it)	Rs 2,583	+27.0%

Each target takes today's price of Rs 2,034.40 and scales it by the EPS growth assumed for that case, which is the same as holding the PE multiple constant. The conservative case uses the lower of the FY26 EPS growth and the 4-year EPS CAGR, the base case uses their average and the bull case uses the higher figure. The bull case also re-rates the PE multiple toward the industry level, because the stock trades below it. Together they form the Thejo Engineering target price range for the FY27 outlook over the next 12 months, and the range is not a point estimate.

Thejo Engineering Share Price Forecast: What Has to Go Right by 2027

Each Thejo Engineering target price below depends on a specific EPS outcome, and the text states that outcome next to the number.

Conservative Case for the Thejo Engineering Share Price Target: Rs 2,235

Reaching Rs 2,235 needs EPS to rise 9.8% to Rs 55.00 while the stock keeps its current PE multiple. That follows the slower 4-year EPS CAGR of 9.8%.

Base Case for the Thejo Engineering Share Price Target: Rs 2,240

Reaching Rs 2,240 needs EPS to rise 10.1% to Rs 55.14, the average of the FY26 growth rate and the 4-year CAGR. Net profit growth of 56.0% in Q1 FY27 is at or above that pace, which supports the target.

Bull Case for the Thejo Engineering Share Price Target: Rs 2,583

Reaching Rs 2,583 needs EPS to rise 10.4% to Rs 55.28 and the PE multiple to re-rate 15.0% toward the industry PE. That is above the 52-week high of Rs 2,286.60, so it would need a fresh breakout. A daily close above the nearest resistance level of Rs 2,118.66 (50-day SMA) would be the first technical confirmation.

Thejo Engineering Financial Performance: Revenue, Profit and Margins

Thejo Engineering earned net profit of Rs 48.85 crore on revenue of Rs 641.68 crore in FY26, with profit down 6.6% and revenue up 15.0% compared with FY25. Diluted EPS was Rs 50.83 against Rs 46.04 a year earlier, and that earnings base anchors the Thejo Engineering share price forecast.

Year	Revenue (Rs Cr)	Net Profit (Rs Cr)	EPS (Rs)	Operating Margin	Net Margin
FY22	425.70	42.51	34.92	16.48%	9.99%
FY23	477.59	34.80	30.00	13.19%	7.29%
FY24	562.63	59.38	51.43	18.50%	10.55%
FY25	557.81	52.31	46.04	16.78%	9.38%
FY26	641.68	48.85	50.83	13.75%	7.61%

In the latest reported quarter, Q1 FY27 (quarter ended June 2026), revenue was Rs 180.10 crore against Rs 137.88 crore a year earlier (+30.6%), and the bottom line was a net profit of Rs 15.23 crore against a net profit of Rs 9.76 crore (+56.0%). Operating margin was 15.63% versus 13.77% in the year-ago quarter. Cash flow from operations was Rs 38.94 crore in FY26 against Rs 72.70 crore in FY25. Together these figures set the earnings base for the Thejo Engineering share price prediction.

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Is Thejo Engineering Overvalued or Undervalued Right Now?

Thejo Engineering trades at a PE of 41.42 against an industry PE of 48.45, which places the stock at a 14.5% discount to the industry average. The price-to-book ratio is 6.35 on a book value of Rs 326.71 per share. Return on equity of 13.90% means the company earns Rs 13.90 of profit for every Rs 100 of shareholder equity.

Debt to equity is 0.12, so borrowings equal about 12% of shareholder equity. The company declared a dividend of Rs 5.00 per share for FY26, a yield of 0.24% at the current price. This valuation context frames the Thejo Engineering stock price prediction for 2027 without relying on any outside forecast.

Thejo Engineering Stock Analysis: Technical Outlook

Thejo Engineering stock trades below its 50-day SMA of Rs 2,118.66 and above its 200-day EMA of Rs 1,910.67, and the combined daily indicators read mildly bearish. The 52-week high of Rs 2,286.60 was set on 11 August 2026, while the 52-week low of Rs 1,443.60 came on 2 April 2026.

Indicator	Reading	Signal
RSI (14)	32.36	Weak momentum
MACD (12,26,9)	-8.72 vs signal 6.93	Bearish
ADX (14)	22.02	Developing trend
Supertrend (10,3)	Price above Rs 2,013.00	Bullish
50-day SMA	Rs 2,118.66	Price below
200-day EMA	Rs 1,910.67	Price above

The nearest support level sits at Rs 2,013.00 (Supertrend) and Rs 1,910.67 (200-day EMA). The nearest resistance level sits at Rs 2,118.66 (50-day SMA) and Rs 2,286.60 (52-week high). A sustained move above the nearest resistance would support the Thejo Engineering share price prediction 2027 base case, and this Thejo Engineering stock analysis uses daily candles only. Chart signals add context to the Thejo Engineering share price target without changing the earnings maths.

Thejo Engineering Shareholding Pattern

Promoters hold 53.61% of Thejo Engineering as of Jun 2026, down from 53.62% in Jun 2025 across the last 5 quarters. FII holding is 0.85% (up from 0.65% in Jun 2025) and DII holding is 3.38% (up from 1.89% in Jun 2025), which puts combined institutional holding at 4.23%. Public shareholders own 42.17%. Shareholding data is one input for any Thejo Engineering stock forecast.

Key Risks to the Thejo Engineering Share Price Target for 2027

Earnings and Margin Risk

Operating margin has ranged from 13.19% to 18.50% between FY22 and FY26, so a slip toward the lower end would trim the EPS estimate behind the Thejo Engineering stock forecast. Revenue was up 15.0% in FY26, and slower revenue growth would weigh on the profit path.

Size and Liquidity Risk

Market capitalisation stands at Rs 2,250 crore. Investors should check daily traded volumes and order book depth on NSE before sizing a position, because price moves can be sharper when volumes thin out. Liquidity is a practical constraint on any Thejo Engineering stock price target.

Balance Sheet Risk

Debt to equity of 0.12 means borrowings stand at about 12% of shareholder equity. A rise in borrowing costs or a jump in debt would weigh on profit and on the multiple behind the Thejo Engineering share price forecast.

Technical Risk

The daily indicators read mildly bearish, so the targets above may need a technical turn before the price follows earnings. A daily close below Rs 2,013.00 (Supertrend) would weaken the setup further.

Conclusion

This Thejo Engineering stock analysis puts the share price target range for 2027 at Rs 2,235 to Rs 2,583, with a base case of Rs 2,240 against Rs 2,034.40 today. The inputs are a PE of 41.42 that sits at a 14.5% discount to the industry average, EPS growth of 10.4% in FY26 and a daily technical setup that reads mildly bearish. The next quarterly result will show which scenario is gaining ground. This analysis is educational, so consult a SEBI-registered advisor before acting on it.

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Frequently Asked Questions on Thejo Engineering Share Price Prediction 2027

What is the Thejo Engineering share price target for 2027?

Ans. The Thejo Engineering share price forecast for 2027 has a conservative case of Rs 2,235, a base case of Rs 2,240 and a bull case of Rs 2,583. These are model scenarios based on reported EPS growth, and they are not guaranteed outcomes.

What is the Thejo Engineering share price today?

Ans. Thejo Engineering trades at Rs 2,034.40 on NSE as of 9 October 2026, down 1.90% on the day. The 52-week range is Rs 1,443.60 to Rs 2,286.60.

Is Thejo Engineering a good stock to buy for 2027?

Ans. The data points in different directions: the PE of 41.42 is at a 14.5% discount to the industry average, EPS grew 10.4% in FY26 and the daily technical setup reads mildly bearish. This article does not constitute investment advice, so consult a SEBI-registered advisor before deciding.

Can Thejo Engineering stock reach Rs 2,583 in 2027?

Ans. Reaching Rs 2,583 needs EPS to rise 10.4% from Rs 50.07 and the PE multiple to re-rate toward the industry PE of 48.45, plus a daily close above Rs 2,118.66 (50-day SMA). This is a scenario, not a guarantee.

What are the support and resistance levels for Thejo Engineering?

Ans. The nearest support levels are Rs 2,013.00 (Supertrend) and Rs 1,910.67 (200-day EMA), and the nearest resistance levels are Rs 2,118.66 (50-day SMA) and Rs 2,286.60 (52-week high).

What are the main risks for Thejo Engineering stock in 2027?

Ans. The main risks to the Thejo Engineering share price forecast are a fall in operating margin from the 13.19% to 18.50% range seen since FY22, slower revenue growth after FY26 revenue was up 15.0%, and thin trading volumes. Debt to equity of 0.12 adds balance sheet sensitivity.

How is the Thejo Engineering target price for 2027 calculated?

Ans. Each target scales the current price by assumed EPS growth at a constant PE multiple. The conservative case uses 9.8% growth, the base case 10.1% and the bull case 10.4%, all drawn from the company's reported FY26 and 4-year EPS growth.