Employees: 339
Size Tonbo Imaging India (TONBO.NS) is an India Industrials company (Aerospace & Defense) with a market value of $895M, the 628th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹1,472 on 6 Nov 2026.
Growth Revenue fell 22.7% over the last twelve months (peer median +13.6%); the operating margin is 20.7% (peer median 2.1%).
Valuation It trades at 23.5× enterprise value to sales against a peer median of 5.3× (2nd most expensive of 21).
Capital Return on invested capital runs 5.7 points below its cost of capital (14.5% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | n/a | ₹3.63B | ₹4.69B | ₹4.28B | ₹968M |
| Revenue growth | — | -23% | +10% | +342% | — |
| Gross profit | n/a | ₹959M | ₹1.80B | ₹1.69B | ₹257M |
| EBITDA | n/a | ₹1.06B | ₹1.41B | ₹1.13B | ₹103M |
| Net income | n/a | ₹509M | ₹728M | ₹685M | ₹11.8M |
| Free cash flow | n/a | -₹657M | -₹1.68B | ₹674M | ₹172M |
| Capital expenditure | n/a | ₹393M | ₹288M | ₹1.94B | ₹121M |
| Total debt | n/a | ₹1.25B | ₹881M | ₹1.05B | ₹445M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | TONBO.NS | Peer median | Rank in peer set |
|---|---|---|---|
| Revenue growth (TTM) | -22.7% | +13.6% | 2nd lowest of 21 |
| Operating margin | 20.7% | 2.1% | 2nd highest of 21 |
| EV / Sales | 23.5× | 5.3× | 2nd most expensive of 21 |
| ROIC minus cost of capital | -5.7 pp | -6.6 pp | 10th highest of 20 |
| EV / EBITDA | 80.3× | 20.6× | 2nd most expensive of 9 |
| Net debt / EBITDA | 0.8× | 0.1× | 4th most indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Tonbo Imaging India TONBO.NS | India | $895M | n/a | -23% | 21% | 23.5× | n/a | n/a |
| Kraken Robotics PNG.V | Canada | $896M | -53% | +21% | -2% | 7.4× | n/a | n/a |
| Xi'an ChenXi Aviation Technology 300581.SZ | China | $906M | -13% | 0% | -78% | 49.0× | n/a | n/a |
| Jiangxi Xinyu Guoke Technology 300722.SZ | China | $870M | -26% | +14% | 14% | 12.9× | 38.8% | +12.9% |
| Nanjing LES Information Technology 688631.SS | China | $863M | -38% | -31% | -5% | 5.1× | 36.9% | -1.1% |
| York Space Systems YSS | United States | $860M | -82% | +52% | -15% | 1.3× | n/a | n/a |
| Avon Technologies AVON.L | United Kingdom | $933M | +45% | +5% | 12% | 3.1× | 16.3% | +7.4% |
| Streamax Technology 002970.SZ | China | $951M | -51% | +3% | 11% | 2.3× | n/a | n/a |
| DroneShield DRO.AX | Australia | $818M | -60% | +153% | -14% | 3.8× | n/a | n/a |
| Vincorion V1NC.DE | Germany | $982M | -5% | +18% | 12% | 4.1× | 38.0% | +47.5% |
| National Presto Industries NPK | United States | $1.02B | 0% | +21% | 9% | 1.9× | 8.3% | +7.4% |
| Cohort CHRT.L | United Kingdom | $774M | +9% | +13% | 11% | 1.9× | n/a | n/a |
| Wuxi Hyatech 688510.SS | China | $768M | -41% | -4% | 12% | 7.5× | 41.9% | +18.2% |
| Paras Defence & Space Technologies PARAS.NS | India | $1.06B | +43% | +42% | 23% | 17.7× | n/a | n/a |
| Guanglian Aviation Industry 300900.SZ | China | $1.07B | -51% | +1% | -10% | 8.6× | n/a | n/a |
| Electro Optic Systems EOS.AX | Australia | $1.08B | -18% | +225% | -7% | 5.5× | n/a | n/a |
| Shandong Senter Electronic 001388.SZ | China | $742M | -16% | +5% | 6% | 4.4× | 21.1% | +17.7% |
| Chengdu ALD Aviation Manufacturing 300696.SZ | China | $733M | -58% | -18% | -12% | 10.8× | n/a | n/a |
| Shaanxi Zhongtian Rocket Technology 003009.SZ | China | $1.10B | -26% | +42% | -6% | 6.7× | n/a | n/a |
| Shinmaywa Industries,Ltd 7224.T | Japan | $721M | -32% | +12% | 6% | 0.5× | -5.6% | +6.4% |
| Xi'An Tian He Defense Technology 300397.SZ | China | $713M | -28% | +69% | -5% | 8.0× | n/a | n/a |