Tembo Global Industries

Quick check

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• DebtModerate debtIt owes ₹386 Cr against ₹453 Cr of shareholders' money (Mar 2026), 0.85 times.
• ResultsGrowingIn the Jun 2026 quarter, sales rose 22% and profit rose 55% from a year earlier.
• DilutionSmall dilutionIssued 40.5 lakh new shares in the last year (+2.2%).
• PromotersPromoters sellingThe promoters (founders or parent) own 39%, down from 44% in Sep 2025.
• ValuationCheap vs its pastThe share trades at 9.2 times its yearly earnings (P/E), cheaper than 100% of the time in the last 5 years. Its usual P/E is about 31.

Tembo Global Industries against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

• Valuation (P/E)9.2 against a typical 18.6: cheaper than most peers (1st = cheapest).29th of 146
• Sales growth+21.8% against a typical +13.1% from a year earlier.44th of 117
• Profit growth+55% against a typical +26.2% from a year earlier.34th of 105
• Share price, 3 months−4.9% against a typical −3.1%.74th of 135
• Size₹ 982.3 Cr. market value against a typical ₹ 156.5 Cr. (1st = largest).36th of 135

Exchange filings and their impact on the company.

• 26 Oct 2026General UpdatesLow impactNeutralPrice +1.1% that day
  4.05m warrant shares listed for trading, adding ~2% dilution with small cash inflow.

  Tembo Global received NSE trading approval for 40.5 lakh Re 1 equity shares issued on conversion of preferential warrants, listed for trading from October 26, 2026. The new shares carry lock-in until April 2028. This completes the listing step with about 2% equity dilution and a modest cash inflow, with no change to operations.

  Full analysisFiling
• 23 Oct 2026Press ReleaseLow impactPositivePrice −3.1% that day
  Tembo broke ground on its Amravati defence plant, a long-term growth bet with no near-term revenue.

  Tembo Global Industries performed Bhoomi Poojan on October 23, 2026 for its proposed defence manufacturing facility in Amravati, Maharashtra. The plant, to be developed through subsidiary Tembo Classic Engineering Private Limited, targets small arms and ammunition manufacturing, for which the company says it has secured Ministry of Home Affairs licences. The project is at ground-breaking stage with phased infrastructure build-out ahead, so it offers long-term diversification with no sales contribution yet.

  Full analysisFiling
• 23 Oct 2026General UpdatesLow impactPositivePrice −3.1% that day
  Tembo subsidiary inaugurated its Amravati defence factory; commercial output and orders to follow.

  Tembo Classic Engineering, a subsidiary of Tembo Global Industries, inaugurated its new factory at D-10, Additional Amravati MIDC, Nandgaon Peth, Maharashtra on October 22, 2026. The unit is meant for defence products and equipment including ordnance, arms, ammunition and surveillance and communication equipment. Commercial production has not yet started and will be updated separately, so near-term contribution will depend on commissioning and order wins.

  Full analysisFiling
• 15 Oct 2026Press ReleaseHigh impactPositivePrice +2.5% that day
  BSE main-board listing plus licences and Euro 50m ammo-plant plan lay foundation for defence pivot with heavy capex ahead.

  Tembo Global Industries listed its shares on the BSE Main Board on October 15, 2026 and outlined a stronger push into defence manufacturing. Through its subsidiary it has received small-arms and ammunition manufacturing licences, is developing a facility in Amravati targeting commercial production in Q1 FY2028, and is working with Belgium's Lachaussee SA on a proposed Euro 50 million plant for about 100 million rounds a year plus a European technology tie-up with 100% buyback and a UAV joint venture. These are early-stage plans subject to final terms, so the next 12 months likely mean heavy project spending rather than meaningful defence sales.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Sanjay Jashbhai Patel

Executive Chairman of the Board, Managing Director

Saloni Sanjay Patel

Chief Financial Officer

Priya Dua

Compliance Officer, Company Secretary