Thejo Engineering (NSE:THEJO) Inventory Turnover: 0.44 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:THEJO Thejo Engineering Ltd NSE:THEJO
90 GF Score
Price ₹1,898.80
GF Value ₹2,267.06
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Thejo Engineering Inventory Turnover?

Thejo Engineering NSE:THEJO +1.25% 90 Inventory Turnover is 0.44 as of Mar. 2026. GuruFocus rates NSE:THEJO with a GF Score™ of 90/100 and a GF Value™ of ₹2,267.06 (Modestly Undervalued). The stock has 4 warning signs investors should review.

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Thejo Engineering's Cost of Goods Sold for the three months ended in Mar. 2026 was ₹352 Mil. Thejo Engineering's Average Total Inventories for the quarter that ended in Mar. 2026 was ₹799 Mil. Thejo Engineering's Inventory Turnover for the quarter that ended in Mar. 2026 was 0.44.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Thejo Engineering's Days Inventory for the three months ended in Mar. 2026 was 207.15.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Thejo Engineering's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.44.


Thejo Engineering  (NSE:THEJO) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Thejo Engineering's Days Inventory for the three months ended in Mar. 2026 is calculated as:

Days Inventory =Average Total Inventories (Q: Mar. 2026 )/Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=799/351.959*365 / 4
=207.15

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Thejo Engineering's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=799 / 1811.68
=0.44

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.


Thejo Engineering Inventory Turnover Related Terms


Thejo Engineering Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Thejo Engineering's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Thejo Engineering Inventory Turnover Chart

Thejo Engineering Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.80 3.86 4.01 1.80 1.71

Thejo Engineering Quarterly Data
Sep20 Mar21 Sep21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.55 0.41 0.42 0.42 0.44
NSE:THEJO
90GF Score
Thejo Engineering Ltd NSE:THEJO
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Thejo Engineering Inventory Turnover Calculation

Thejo Engineering's Inventory Turnover for the fiscal year that ended in Mar. 2026 is calculated as

Inventory Turnover (A: Mar. 2026 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Mar. 2026 ) / ((Total Inventories (A: Mar. 2025 ) + Total Inventories (A: Mar. 2026 )) / count )
=1246.437 / ((660.026 + 799) / 2 )
=1246.437 / 729.513
=1.71

Thejo Engineering's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

Inventory Turnover (Q: Mar. 2026 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Mar. 2026 ) / ((Total Inventories (Q: Dec. 2025 ) + Total Inventories (Q: Mar. 2026 )) / count )
=351.959 / ((0 + 799) / 1 )
=351.959 / 799
=0.44

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 0.44 mean?
Thejo Engineering (NSE:THEJO) has a Inventory Turnover of 0.44 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Thejo Engineering and its competitors.
Is Thejo Engineering's Inventory Turnover too high?
Thejo Engineering's current Inventory Turnover is 0.44. Overall, Thejo Engineering has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thejo Engineering's Inventory Turnover compare to GEV and ETN?
Thejo Engineering's Inventory Turnover of 0.44 can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for an Industrial Products company?
A good Inventory Turnover depends on the Industrial Products industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Thejo Engineering and its competitors. Thejo Engineering's current Inventory Turnover is 0.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thejo Engineering stock overvalued right now?
Based on GuruFocus' analysis, Thejo Engineering (NSE:THEJO) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹2,267.06, compared to a current price of ₹1,898.80 — trading 16.2% below its estimated fair value. The current Inventory Turnover is 0.44. Thejo Engineering's overall GF Score™ is 90/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Thejo Engineering (NSE:THEJO), the current Inventory Turnover is 0.44 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Thejo Engineering (NSE:THEJO) Overvalued in 2026?

Based on GuruFocus' analysis, Thejo Engineering stock appears to be undervalued. The current stock price of ₹1,898.80 is trading 16.2% below its estimated GF Value™ of ₹2,267.06. GuruFocus considers Thejo Engineering to be Modestly Undervalued.

Key valuation signals for NSE:THEJO:

  • Inventory Turnover: 0.44
  • GF Value™: ₹2,267.06 vs. price of ₹1,898.80 (16.2% below fair value)
  • GF Score™: 90/100 with 4 warning signs

No single metric tells the full story. See the NSE:THEJO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Thejo Engineering Business Description

Address No. 41, Cathedral Road, 3rd Floor, VDS House, Chennai, TN, IND, 600 086
Thejo Engineering Ltd is an India-based company. It is an engineering solutions provider for Bulk Material Handling, Mineral Processing, and Corrosion Protection. The company's operating segment includes Manufacturing units, Service Units, and Others. It generates maximum revenue from the Service units segment. The company serves a sector like mining, power, steel, metals, cement, ports, and fertilizers. Geographically, it derives a majority of revenue from India. Its product categories include conveyor care, dust suppression, transfer point solutions, flow promotion, abrasion and wear protection, filtration, screening solution, and others.
90GF Score

Get the complete analysis for NSE:THEJO

Inventory Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹1,898.80
Price
₹2,267.06
GF Value