Synopsis: The company is positioning for sustained growth through a strong Rs.1,206 crore order backlog, expanding global operations, and continued strength in mining consumables and equipment. New capacity in Chile and a broader product portfolio are expected to enhance scale, improve market reach, and support long-term value creation.
A mining solutions company is entering a new phase of growth backed by a transformational acquisition, a strong order book, expanding global mining investments, and rising demand for consumables and mineral processing solutions. With increasing exposure to international mining markets and new growth initiatives underway, the company is positioning itself for long-term expansion.
Molycop Acquisition Creates a Larger Global Platform
Tega Industries recently completed the acquisition of Molycop, which management describes as a transformational milestone for the company. The acquisition combines Tega’s expertise in mining consumables and mineral processing solutions with Molycop’s leadership in grinding media.
Management believes the combined entity will offer a broader product portfolio, stronger customer relationships, and a significantly larger global footprint. The transaction also expands the company’s presence across key mining regions, creating opportunities for cross-selling and strengthening its position as a comprehensive mining solutions provider.
Strong Order Book Supports Growth Visibility
The company ended FY26 with an order book of approximately Rs.1,206 crore, providing healthy revenue visibility for the coming year. Of this, nearly Rs.906 crore is expected to be executed within the next 12 months. Management highlighted that the order book has grown by around 18 percent year-on-year, reflecting steady demand across both consumables and equipment businesses.This strong backlog provides confidence in near-term execution while supporting future growth plans.
Consumables Business Expected to Maintain Double-Digit Growth
The consumables segment remains the largest contributor to Tega Industries’ revenue. Despite temporary disruptions during FY26 due to logistics and shipment-related challenges, management reiterated its confidence in achieving around 15 percent long-term growth in the segment.
Demand continues to be supported by strong mining activity across commodities such as copper and gold. The company expects its growing order pipeline and increasing executable orders to support sustained growth in wear-resistant products, mill liners, and other mining consumables.
Equipment Business Continues Strong Momentum
The equipment business delivered 25 percent growth during FY26 and remains another important growth driver.Management expects a similar growth trajectory in FY27, supported by investments in mining projects, mineral beneficiation facilities, and power sector opportunities.
Rising demand for mineral processing equipment and participation in large-scale projects are expected to support continued expansion. The company also sees increasing opportunities in international markets, which could further strengthen growth in this segment.
Chile Facility to Strengthen Global Presence
A key strategic initiative for FY27 is the commissioning of the company’s manufacturing facility in Chile. The construction of the company’s Chile plant is proceeding as planned, with approximately 50%–60% of the civil work completed. Management expects to commission the plant by early Q3, subject to necessary regulatory approvals.
While the company is hopeful, the timing for booking revenue from this facility remains subject to these regulatory processes, and management noted that commercial production may begin from the end of Q4 or the following year.
New Products and International Expansion
Tega Industries is also focusing on expanding its product portfolio and geographic reach. The company plans to launch a new aggregate processing product through its Japanese technology collaboration during FY27. This initiative is expected to create additional growth opportunities beyond its existing mining-focused offerings.
At the same time, the company is expanding its presence across Canada, CIS countries, the Middle East, and other international markets. These efforts are expected to diversify revenue streams and strengthen its global customer base.
Technical Overview
The stock’s Immediate support is placed near Rs. 1,532, while Rs. 1,877.70 remains the Closest resistance level. The stock is also trading at a breakout zone of the closest resistance. After this, the stock can make a reversal if it breaks out of this zone.
It was trading in a zone from Rs.1,877 to Rs.1,532 for 4-5 months. A few days back the stock broke the long downward trendline.
Outlook
Tega Industries appears well positioned for its next phase of growth, supported by the Molycop acquisition, a strong Rs.1,206 crore order book, and expanding opportunities across global mining markets.
Management remains confident about maintaining around 15 percent long-term growth in the consumables business while continuing the strong momentum in equipment. Combined with the upcoming Chile facility, new product launches, and international expansion initiatives, the company is building multiple growth drivers that could support long-term value creation as global mining investments continue to rise.
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