SYNOPSIS: The subsidiary of a prominent engineering company signed an NDA with a defence PSU to explore indigenous product development opportunities, with the agreement currently serving as a framework for potential collaboration, subject to future developments and mutual alignment.
During Tuesday’s trading session, shares of a company involved in the manufacturing and trading of fabricated metal products surged more than 3 percent on NSE, after its defence arm signed a Non-Disclosure Agreement (NDA) with a leading Public Sector Undertaking (PSU) engaged in the field of defence production.
With a market cap of Rs. 778 crores, shares of Tembo Global Industries Limited are currently trading in the green at Rs. 502.05 on NSE, compared to its previous closing price of Rs. 501.4. The stock has delivered positive returns of around 4 percent in one year, but has fallen by over 7 percent in the last one month.
What’s the News
According to the latest disclosure filed with the NSE, a subsidiary of Tembo Global Industries Limited, Tembo Classic Engineering Private Limited (TCEPL) – formerly known as Tembo Defence Products Private Limited, has entered into a Non-Disclosure Agreement (NDA) with a leading Public Sector Undertaking (PSU) operating in the defence manufacturing space.
The agreement has been signed to facilitate discussions around a potential collaboration focused on the indigenous development of defence products for the Government of India. As part of this engagement, both parties will explore opportunities across design, development, and production of indigenised engineering solutions.
The company clarified that the NDA is primarily intended to enable the exchange of information and initiate preliminary discussions between the two parties. The arrangement is exploratory in nature and does not represent any binding commitment toward a business transaction or formal partnership. As of now, there is no certainty that these discussions will lead to a definitive agreement or material business relationship, and the outcome will depend on further evaluations and mutual alignment between the parties.
Financials & More
Tembo Global reported a significant growth in revenue from operations, experiencing a year-on-year increase of over 49 percent, from Rs. 168 crores in Q3 FY25 to Rs. 251 crores in Q3 FY26. Likewise, its net profit increased during the same period from Rs. 19 crores to Rs. 26 crores, representing a rise of nearly 37 percent YoY. As of December 2025, the company has an order book of Rs. 1,484 crores.
Tembo Global Industries Limited is principally engaged in the activities pertaining to the manufacturing of steel products and the trading of fabrics. It is a prominent engineering company, manufacturing high-quality specialised metal products for a wide range of applications, including pipe support systems, fasteners, anchors, and HVAC, catering to industries like Automotive, Real Estate, Infrastructure and Oil & Gas. Additionally, Tembo Global forayed into the defence sector in FY25.
The company’s existing 18,000 MTPA capacity, supported by forward and backward integration across its manufacturing facilities, has helped drive cost efficiencies and improved profitability. Additionally, it has significantly expanded its manufacturing capacity to 1 lakh MTPA, with the new facility at Vasai commissioned in January 2026.
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