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Techno Electric & Engineering Company

TECHNOE NSE
₹884.40 No trade today
P/E
23.86
View as Markdown
MCP
Close 4 Nov 2026 ₹884.40 −389.00 −30.5% 1Y
Start ₹1,273.40

Key Fundamentals

MicrocapConstructionIndustrials

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
14.90%
Debt to Equity
0.02
EPS (TTM)
₹37.06
Book Value
₹357.43
Market Cap
—
P/E (TTM)
23.86
P/B
2.47
ROE
12.00%
Dividend Yield
0.82%
EBITDA
₹611 Cr
52W High
₹1,383.90
52W Low
₹802.00
Volume
0

Peer Comparison

Industrials › Construction › Civil Construction

Techno Electric peer comparison
L&T
₹3,944.4030.37₹5,47,193 Cr4.800.96%15.90%14.60%₹3,00,904 Cr₹20,895 Cr
Rail Vikas Nigam
₹191.2344.37₹39,292 Cr4.060.93%9.02%10.80%₹20,825 Cr₹897 Cr
Cemindia Projects
₹1,310.1037.40₹23,549 Cr6.360.24%27.80%32.80%₹10,205 Cr₹602 Cr
Kalpataru Projects International
₹1,366.1020.52₹22,726 Cr3.000.83%13.70%18.30%₹27,380 Cr₹1,129 Cr
NBCC
₹77.7428.37₹20,666 Cr6.950.20%20.40%29.30%₹12,756 Cr₹766 Cr
IRB Infrastructure Developers
₹16.7921.25₹19,929 Cr0.940.31%4.29%7.47%₹7,686 Cr₹954 Cr
Engineers India
₹300.8521.55₹16,653 Cr5.060.52%23.40%30.40%₹3,878 Cr₹784 Cr
Techno Electric (this company)
₹884.4023.86₹10,021 Cr2.470.82%12.00%14.90%₹3,356 Cr₹431 Cr
Median 8 companies₹592.6326.12₹21,696 Cr4.430.67%14.80%16.60%₹11,481 Cr₹841 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

44 Weak

Data confidence 100/100

Category scores

Quality
24
Poor
Returns, margins, earnings quality 22% weight
Valuation
56
Good
Cheap vs sector & own history 24% weight
Growth
86
Strong
Sales & profit trajectory 9% weight
Financial Health
69
Strong
Solvency, leverage, coverage 9% weight
Momentum
16
Poor
Trend strength, vol-adjusted 12% weight
Ownership
43
Weak
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

4
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 26.5% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 23.3%

Weaknesses

2
  • Company has a low return on equity of 12.5% over last 3 years.
  • Promoter holding has decreased over last 3 years: -4.59%

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1054
OscillatorsNeutral252
Moving AveragesStrong Bearish802

Key readings

RSI (14)
45.27
Neutral
MACD (12,26,9)
−34.02
Bullish
SMA (50)
952.21
Bearish
SMA (200)
1,052.28
Bearish

As of

Analyst Rating

Based on 2 analysts
BUY100%

2 of 2 analysts rate Buy, 0 Hold, 0 Sell.

As of

BUY
2
100%
HOLD
0
0%
SELL
0
0%

Growth Rate

From the financial statements below. 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
5Y+29.76%
3Y+57.65%
1Y+43.32%
TTM+38.69%

Net profit

Net profit growth by window
5Y+21.10%
3Y+36.35%
1Y+12.06%
TTM−6.51%

Operating cash flow

Operating cash flow growth by window
5YTurned negative
3YTurned negative
1YTurned negative
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
5Y−10.22 pp
3Y+3.73 pp
1Y−0.73 pp
TTM−1.69 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹120 Cr
Mar 2018₹1,283 Cr
Mar 2019₹986 Cr
Mar 2020₹871 Cr
Mar 2021₹884 Cr
Mar 2022₹999 Cr
Mar 2023₹830 Cr
Mar 2024₹1,502 Cr
Mar 2025₹2,269 Cr
Mar 2026₹3,252 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹56.00 Cr
Mar 2018₹206 Cr
Mar 2019₹193 Cr
Mar 2020₹179 Cr
Mar 2021₹182 Cr
Mar 2022₹264 Cr
Mar 2023₹187 Cr
Mar 2024₹268 Cr
Mar 2025₹423 Cr
Mar 2026₹474 Cr

Analyst Forecasts

Forecast For
FY27 consensus · EBITDA
₹602 Cr −1.5% vs FY26
Reported High Mean Low

AI Analysis — Bull vs Bear

Generated 11 Aug 2026
AI opinion · based on fundamentals
Risk medium

Techno Electric & Engineering Company Ltd has a market cap of Rs.12,327 Cr trading at a PE of 26.1x. The company has delivered strong 43% TTM sales growth and 25% profit CAGR over 5 years while remaining virtually debt-free, but faces concerns around declining promoter holding, deteriorating working capital cycle (430 days), and a modest ROE of ~12%.

Bull Case 7
  • Company is almost debt-free, providing significant financial flexibility and low interest burden in a capital-intensive industrials sector
  • TTM revenue growth of 43% indicates strong order execution momentum and robust demand environment
  • Compounded profit growth of 25% CAGR over 5 years demonstrates sustained earnings expansion
  • 3-year compounded sales CAGR of 58% reflects accelerating top-line growth trajectory
  • Stock has delivered 31% CAGR over 3 years and 29% CAGR over 5 years, indicating strong long-term wealth creation
  • Healthy dividend payout ratio of 23.3% with a current yield of 0.85%, showing commitment to returning capital to shareholders
  • PE of 26.1x is reasonable relative to the high growth profile (43% TTM sales growth, 19% TTM profit growth)
Bear Case 7
  • Working capital days have nearly doubled from 222 days to 430 days, signaling potential cash flow stress and delayed receivables
  • Promoter holding has declined by 4.59% over last 3 years, which may signal reduced insider confidence
  • Other income of Rs.175 Cr forms a significant portion of earnings, raising questions about core operating profit quality
  • Return on equity of only 11-12% over multiple time periods is modest for a company trading at 2.97x price-to-book
  • Stock has corrected 24% over the last 1 year despite strong operational numbers, suggesting market concerns about sustainability
  • Price-to-book of 2.97x combined with 12% ROE implies the market is pricing in significant future improvement that may not materialize
  • TTM profit growth of 19% lags TTM sales growth of 43%, indicating margin pressure or one-time revenue items not flowing to the bottom line

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

AI News Digest

85d ago

TL;DR: Limited recent news flow for Techno Electric with only an upcoming earnings call announcement. No identifiable headwinds or positive catalysts from current coverage. Investors should watch the Aug 12 Q1FY27 results for order book updates and margin trajectory in the industrials/EPC space.

Neutral 1
  • Q1FY27 earnings call scheduled Aug 6

    Techno Electric & Engineering will host its Q1FY27 earnings call on Aug 12, 2026 at 3:30 PM IST. Chairman P. P. Gupta and CEO Ankit Saraiya will present un-audited financial results.

Quarterly Results

₹ Cr
TECHNOE quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
274
462
327
440
375
441
636
816
526
843
872
1,010
630
Expenses
253
385
270
385
323
371
546
689
434
732
746
878
531
Operating Profit
21
78
56
54
52
70
90
127
92
111
126
132
100
OPM %
8%
17%
17%
12%
14%
16%
14%
16%
18%
13%
14%
13%
16%
Other Income
29
29
45
31
68
39
44
53
73
38
32
32
29
Interest
4
4
4
4
2
2
3
4
3
7
4
6
4
Depreciation
2
2
2
2
2
2
2
2
2
2
9
3
6
PBT
44
101
95
79
117
105
129
174
161
140
144
155
118
Tax %
42%
27%
4%
2%
16%
11%
26%
23%
16%
26%
17%
26%
21%
Net Profit
25
74
92
78
98
94
96
135
136
104
119
115
93
EPS (₹)
2.35
6.86
8.54
7.21
9.12
8.1
8.25
11.58
11.7
8.94
10.25
9.85
8.02

Profit & Loss

₹ Cr
TECHNOE profit and loss, annual, ₹ crore
Particulars Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
120
1,283
986
871
884
999
830
1,502
2,269
3,252
3,356
Expenses
10
988
736
654
668
840
742
1,292
1,929
2,789
2,887
Operating Profit
110
295
250
217
216
159
87
210
339
462
469
OPM %
91%
23%
25%
25%
24%
16%
11%
14%
15%
14%
14%
Other Income
19
42
73
48
67
175
165
134
205
175
130
Interest
21
25
13
7
9
7
11
17
11
20
21
Depreciation
37
42
42
42
41
7
8
8
8
17
21
PBT
70
271
268
216
232
319
233
319
525
600
557
Tax %
20%
24%
28%
17%
22%
19%
20%
16%
20%
21%
—
Net Profit
56
206
193
179
182
264
187
268
423
474
431
EPS (₹)
0.63
2.31
17.16
16.28
16.53
23.99
17.36
24.95
36.37
40.75
37.06
Div. Payout %
0%
0%
0%
0%
61%
8%
35%
28%
25%
17%
—

Balance Sheet

₹ Cr
TECHNOE balance sheet, annual, ₹ crore
Particulars 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
1,692
Total Liabilities
967
1,920
2,017
2,079
2,203
2,516
2,769
2,821
5,044
5,921
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
3,082
Total Assets
967
1,920
2,017
2,079
2,203
2,516
2,769
2,821
5,044
5,921

Cash Flow

₹ Cr
TECHNOE cash flow, annual, ₹ crore
Particulars 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/EBITDA
150
91
106
79
74
205
235
−60
158
−97

Ratios

TECHNOE financial ratios, annual
Particulars 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
91
183
ROCE %
—
26%
20%
13%
12%
18%
8%
17%
17%
15%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Techno Electric insights

65 extracted metrics across FY10–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 56.92%
  • DIIs 21.33%
  • Public 11.40%
  • FIIs 8.09%
  • Others 2.25%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Techno Electric & Engineering Company

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.
Where is Techno Electric & Engineering Company Ltd (TECHNOE) listed?
Techno Electric & Engineering Company Ltd trades as TECHNOE on the NSE and under code 542141 on the BSE.
Which sector does Techno Electric & Engineering Company Ltd belong to?
Techno Electric & Engineering Company Ltd is classified under the Construction sector, in the Civil Construction industry.
What is the PE ratio of Techno Electric & Engineering Company Ltd?
Techno Electric & Engineering Company Ltd trades at a PE ratio of 23.86 as of 4 Nov 2026, on earnings per share of ₹37.06, against a book value of ₹357.43 per share.
What is the 52-week high and low of Techno Electric & Engineering Company Ltd?
Over the last 52 weeks Techno Electric & Engineering Company Ltd has traded between ₹802 and ₹1,383.9 as of 4 Nov 2026.
Does Techno Electric & Engineering Company Ltd pay dividends?
Techno Electric & Engineering Company Ltd has a dividend yield of 0.82%.
What is the Return on Equity (ROE) of Techno Electric & Engineering Company Ltd?
Techno Electric & Engineering Company Ltd reported a return on equity of 12.00%. Its debt-to-equity ratio is 0.02.

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.

Website techno.co.in
CEO Mr. Padam Prakash Gupta
Employees 541
Listed 4 Dec 2018
Face Value ₹2

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