Techno Electric & Engineering Company Ltd logo

Techno Electric & Engineering Company Ltd

TECHNOE NSE

Techno Electric & Engineering Company Ltd (TEECL) is engaged in providing Engineering, Procurement and Construction (EPC), asset ownership and operations and maintenance services in the power infrastructure industry. [1]

AI Verdict: BUY Confidence: 6%

Techno Electric is a debt-free industrials company delivering 43% TTM sales growth and 25% profit CAGR over 5 years, supported by unanimous analyst buy ratings (3/3). However, stretched working capital days (430 days) and a 28% stock price decline over the past year warrant caution at current valuations of 26.8x PE.

Key Fundamentals

MicrocapCivil ConstructionConstruction
Market Cap
₹12,567 Cr
Volatility
Moderate
P/E Ratio
26.68
EBITDA
₹462 Cr
Debt to Equity
0.01
Book Value
₹357.43
52W High
₹1,654
52W Low
₹870

Technical Indicators

Key Insights

Strengths

4
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 25.2% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 23.3%

Weaknesses

4
  • Company has a low return on equity of 12.2% over last 3 years.
  • Earnings include an other income of Rs.175 Cr.
  • Promoter holding has decreased over last 3 years: -4.59%
  • Working capital days have increased from 222 days to 430 days

Growth Rate

Revenue Growth
33.89% ↗
Net Income Growth
25.99% ↗
Cash Flow Change
328.52% ↗
ROE
-19.31% ↘
ROCE
-19.74% ↘
EBITDA Margin (Avg.)
-34.44% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 1d ago
BUY
Risk medium

Techno Electric is a debt-free industrials company delivering 43% TTM sales growth and 25% profit CAGR over 5 years, supported by unanimous analyst buy ratings (3/3). However, stretched working capital days (430 days) and a 28% stock price decline over the past year warrant caution at current valuations of 26.8x PE.

Bull Case 8
  • Debt-free balance sheet provides significant financial flexibility and resilience in a capital-intensive sector
  • TTM revenue growth of 43% signals strong order execution and demand tailwinds in the power/infrastructure sector
  • Compounded profit growth of 25% CAGR over 5 years demonstrates consistent earnings delivery
  • 100% analyst buy consensus (3 out of 3 analysts) reflects strong institutional conviction
  • 3-year sales CAGR of 58% indicates accelerating revenue momentum from order book conversion
  • Healthy dividend payout ratio of 23.3% with 0.82% yield shows shareholder-friendly capital allocation despite being a growth company
  • Stock correction of 28% over the past year from highs creates a more reasonable entry point relative to growth trajectory
  • Company is expected to deliver a good upcoming quarter based on order execution visibility
Bear Case 8
  • Return on equity of only 12% over 3 years and 11% last year is below average for a company trading at 3.06x book value
  • Working capital days ballooned from 222 to 430 days, indicating severe cash conversion cycle deterioration and potential collection issues
  • Other income of Rs.175 Cr inflates reported earnings, masking weaker core operating profitability
  • Promoter holding has declined by 4.59% over the last 3 years, signaling potential lack of insider confidence
  • PE ratio of 26.8x is elevated given the modest 11% ROE, implying the stock prices in significant future growth
  • Profit growth of 19% TTM is decelerating compared to 34% CAGR over 3 years, suggesting growth momentum may be peaking
  • Price-to-book of 3.06x is rich for a company generating only 12% ROE, offering limited margin of safety
  • Stock has delivered negative 28% returns over 1 year despite strong earnings, indicating market concerns about sustainability

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 14h ago
Neutral 1
  • Rs 80 Cr NCD part payment May 28

    Techno Electric received Rs 80 Cr against Sankhya Financial Services NCDs. Payment accounted as part payment with residual balance still under discussion.

TL;DR: Limited recent news flow for Techno Electric. The company recovered Rs 80 Cr from its NCD investment in Sankhya Financial Services, though a residual balance remains under discussion. No clear directional catalyst from this single development; investors should watch for resolution of the remaining NCD balance and new order wins in the construction/EPC space.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales
313
274
462
327
440
375
441
636
816
526
843
872
1,010
Expenses
306
253
385
270
385
323
371
546
689
434
732
746
878
Operating Profit
7
21
78
56
54
52
70
90
127
92
111
126
132
OPM %
2%
8%
17%
17%
12%
14%
16%
14%
16%
18%
13%
14%
13%
Other Income
78
29
29
45
31
68
39
44
53
73
38
32
32
Interest
6
4
4
4
4
2
2
3
4
3
7
4
6
Depreciation
2
2
2
2
2
2
2
2
2
2
2
9
3
PBT
77
44
101
95
79
117
105
129
174
161
140
144
155
Tax %
21%
42%
27%
4%
2%
16%
11%
26%
23%
16%
26%
17%
26%
Net Profit
61
25
74
92
78
98
94
96
135
136
104
119
115
EPS in Rs
5.65
2.35
6.86
8.54
7.21
9.12
8.1
8.25
11.58
11.7
8.94
10.25
9.85
Figures in ₹ Crores

Profit & Loss

  Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales
120
1,283
986
871
884
999
830
1,502
2,269
3,252
Expenses
10
988
736
654
668
840
742
1,292
1,929
2,790
Operating Profit
110
295
250
217
216
159
87
210
339
462
OPM %
91%
23%
25%
25%
24%
16%
11%
14%
15%
14%
Other Income
19
42
73
48
67
175
165
134
205
175
Interest
21
25
13
7
9
7
11
17
11
19
Depreciation
37
42
42
42
41
7
8
8
8
17
PBT
70
271
268
216
232
319
233
319
525
600
Tax %
20%
24%
28%
17%
22%
19%
20%
16%
20%
21%
Net Profit
56
206
193
179
182
264
187
268
423
474
EPS in Rs
0.63
2.31
17.16
16.28
16.53
23.99
17.36
24.95
36.37
40.75
Div. Payout %
0%
0%
0%
0%
61%
8%
35%
28%
25%
17%
Figures in ₹ Crores

Balance Sheet

  Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
178
23
23
22
22
22
22
22
23
23
Reserves
484
1,209
1,404
1,474
1,594
1,815
1,909
2,142
3,716
4,134
Borrowings
273
67
44
0
40
0
0
0
39
72
Other Liabilities
32
621
547
583
546
679
839
658
1,265
1,709
Total Liabilities
967
1,920
2,017
2,079
2,203
2,516
2,769
2,821
5,044
5,938
Fixed Assets
616
585
546
508
467
459
81
76
70
510
CWIP
0
0
0
0
0
0
95
276
442
72
Investments
209
450
581
691
714
1,049
1,305
1,142
2,836
2,258
Other Assets
141
885
891
881
1,022
1,008
1,288
1,327
1,696
3,099
Total Assets
967
1,920
2,017
2,079
2,203
2,516
2,769
2,821
5,044
5,938
Figures in ₹ Crores

Cash Flow

  Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
160
212
198
112
125
259
93
-198
453
-590
Investing
-158
142
-171
38
-54
-224
13
269
-1,630
703
Financing
-55
-326
-16
-161
-34
-64
-103
-85
1,175
-92
Net Cash Flow
-54
28
10
-11
37
-28
3
-14
-2
21
Free Cash Flow
116
211
195
111
125
226
28
-379
285
-657
CFO/OP
150
91
106
79
74
205
235
-60
158
-97
Figures in ₹ Crores

Ratios

  Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
230
216
202
240
219
213
282
180
108
137
Inventory Days
—
3
—
—
—
13
59
8
0
0
Days Payable
—
185
—
—
—
205
303
173
—
—
Cash Conversion Cycle
230
34
202
240
219
22
38
15
108
137
Working Capital Days
161
88
151
159
189
188
239
143
92
430
ROCE %
—
26%
20%
13%
12%
18%
8%
17%
17%
15%

Shareholding Pattern

As of Mar 2026
Promoters 56.92%
DIIs 22.72%
Public 9.63%
FIIs 8.65%
Others 2.08%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Jul 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters
60.18%
60.18%
60.18%
60.18%
60.18%
60.18%
60.20%
61.16%
61.51%
61.51%
61.51%
61.51%
61.51%
61.51%
56.92%
56.92%
56.92%
56.92%
56.92%
56.92%
56.92%
56.92%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
2.28%
0.00%
3.85%
4.39%
0.00%
9.81%
9.92%
9.33%
8.97%
9.22%
8.53%
8.65%
DIIs
30.93%
32.14%
30.85%
29.79%
27.33%
27.32%
26.81%
25.95%
25.04%
24.20%
24.58%
23.96%
23.77%
22.78%
24.41%
24.13%
24.04%
24.50%
24.04%
22.62%
23.06%
22.72%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
3.52%
3.37%
4.50%
5.51%
7.06%
6.81%
7.05%
6.81%
6.70%
7.32%
7.15%
7.13%
8.13%
9.10%
8.28%
7.34%
7.35%
7.46%
8.22%
9.03%
9.05%
9.63%
Others
5.36%
4.31%
4.46%
4.51%
5.42%
5.68%
5.93%
6.07%
6.75%
6.96%
4.48%
7.39%
2.73%
2.22%
10.39%
1.81%
1.77%
1.78%
1.84%
2.21%
2.43%
2.08%
No. of Shareholders
8,544
10,195
20,301
23,026
23,724
21,065
23,049
20,580
19,779
30,390
36,508
43,313
53,296
79,874
85,428
96,863
98,674
85,474
89,544
1,04,212
1,00,584
1,11,216

Documents

Frequently Asked Questions about Techno Electric & Engineering Company Ltd

What does Techno Electric & Engineering Company Ltd do?
Techno Electric & Engineering Company Ltd (TEECL) is engaged in providing Engineering, Procurement and Construction (EPC), asset ownership and operations and maintenance services in the power infrastructure industry. [1]
Where is Techno Electric & Engineering Company Ltd (TECHNOE) listed?
Techno Electric & Engineering Company Ltd is listed on the Indian stock exchanges. It is listed on NSE: TECHNOE and BSE: 542141. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Techno Electric & Engineering Company Ltd belong to?
Techno Electric & Engineering Company Ltd operates in the Industrials sector within the Construction industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Techno Electric & Engineering Company Ltd?
Techno Electric & Engineering Company Ltd has a market capitalisation of approximately ₹12567.33 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Techno Electric & Engineering Company Ltd?
The Price-to-Earnings (PE) ratio of Techno Electric & Engineering Company Ltd is 26.68. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Techno Electric & Engineering Company Ltd?
Over the past 52 weeks, Techno Electric & Engineering Company Ltd has traded between a low of ₹870 and a high of ₹1,654. This range helps investors understand the stock's price volatility and recent trading levels.
Does Techno Electric & Engineering Company Ltd pay dividends?
Yes, Techno Electric & Engineering Company Ltd has a dividend yield of 0.84%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
How can I research Techno Electric & Engineering Company Ltd on Tapetide?
On Tapetide, you can view Techno Electric & Engineering Company Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Techno Electric & Engineering Company Ltd (TEECL) is engaged in providing Engineering, Procurement and Construction (EPC), asset ownership and operations and maintenance services in the power infrastructure industry. [1]

Website techno.co.in
CEO Mr. Padam Prakash Gupta
Employees 541
Listed 2018-12-04
Face Value ₹ 2
Issued Size 11,62,99,574

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