TEMBOTembo Global Industries Ltd.NSE:TEMBOTechnicalAnalystSucritPrepared by Sucrit Patil | The SmartWay Research Desk | 25 May 2026 A Mumbai‑based engineering and fabrication company, incorporated in 2010. Tembo Global specializes in pipe support systems, fasteners, anchors, HVAC anti‑vibration systems, and customized metal fabrication solutions, serving industries like oil & gas, steel, cement, mining, textiles, and construction. Promoter Holding (Mar 2026): Patel family & associates — 36.38% stake (pledged ~35.69%) FY22–FY26 Snapshot Revenue Growth: Q3 FY26 revenue ₹251.09 Cr vs ₹248.75 Cr in Q2 FY26 (+0.94% QoQ). → Neutral/Good Net Profit: Q3 FY26 PAT ₹42.64 Cr vs ₹35.61 Cr in Q2 FY26 (+19.7% QoQ). → Good Operating Margin: EBIT margin ~16.2% vs 14.3% last quarter (+190 bps). → Good Equity Capital: Stable, face value ₹10. → Good Dividend Policy: Quarterly dividend ₹0.25/share; yield ~0.16%. → Neutral/Good Asset Building: Investments in fabrication plants and solar mounting solutions. → Good Sales: Strong demand from construction, oil & gas, and HVAC sectors. → Good Expense: Interest expense ~2.26% of revenue; employee cost ~1.02%. → Good EPS: TTM EPS ₹54.00; P/E ~11.6. → Attractive Institutional Interest & Ownership Trends (Mar 2026) Promoter Holding: 36.38% (pledged ~35.69%) FII Holding: 8.58% DII Holding: 9.53% Retail & Others: 45.51% Strategic Moves & Innovations Expansion in pipe support systems and anti‑vibration solutions. Diversification into solar mounting and fire‑fighting solutions. UL & FM certifications for global compliance. Focus on exports and premium fabrication solutions. Cash Flow & Balance Sheet Strength Market cap ~₹1,170 Cr. Debt‑to‑equity ratio ~0.22 (low leverage). Book value per share ₹141.42; P/B ~4.47. EPS (TTM) ₹54.00; P/E ~11.6. Risk Factors Promoter shares pledged (~35.69%) pose risk. Exposure to steel price volatility. Competition from larger fabrication companies. Margin pressure if raw material costs rise. Investor Takeaway Tembo Global has delivered steady FY26 performance, with revenue growth and strong profit margins. Despite promoter pledging risks, the company’s diversified product portfolio, certifications, and sectoral demand make it a mid‑cap engineering play with attractive valuations (P/E ~11.6). At CMP ₹630.95, Tembo offers growth potential in industrial fabrication and infrastructure sectors, though investors should monitor promoter pledges and raw material cycles closely.