Techno Electric & Engineering Company Ltd.

•

techno.co.inBSE: 542141NSE: TECHNOE

Market Cap₹ 11,394 Cr.

Current Price

High / Low₹ 1,488 / 870

Stock P/E26.4

Book Value₹ 365

Price to Book2.76

Dividend Yield0.71 %

ROCE14.9 %

ROE11.4 %

Face Value₹ 2

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ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • EPC (Construction): 99.5% • Energy (Power): 0.5%

AI Sector View

AI GENERATED

Construction

Buy

Construction fundamentals are strong, led by government and infrastructure spending. Capital expenditure was up 66% YoY (2026-06), cement output grew 13.1% YoY (2026-07), and the sector also benefits from improving housing and GFCF conditions. FPI flows turned supportive with INR 1720 crore net inflow over 3 months to 2026-08-31 from INR -9439 crore in the prior 3 months, reinforcing the positive view.

Confidence

80%

View full sector analysis →

PROS

Company is almost debt free
Company has consistently been profitable over the last 5 years
Company has delivered good sales growth of 29.8% CAGR over last 5 years
Company comfortably covers its interest (29.9x coverage)
Working capital cycle has improved - days down from 563 to 445
Company has a consistent dividend-paying track record

CONS

Operating cash flow has been negative in recent years
Receivables are growing faster than sales - a possible quality concern
Recent results are weak - TTM profit is down 20.4% versus prior year
Promoter holding has decreased over last 2 years: -4.6pp
A large part of profit comes from other income (26.0% of PBT)
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.31x)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

ConstructionInfrastructureEngineering - Construction

Part ofNIFTY TOTAL MKT NIFTY SML250 Q50 NIFTY 500 NIFTY SMLCAP 250

S.No.	Name
1.	LT	3955.00	32.80	544155.04	0.96	4988.03	15.51	67941.74	6.69	15.98	12.00
2.	RVNL	205.35	47.60	42815.89	0.35	159.52	18.73	4321.23	10.55	10.81	4.41
3.	KPIL	1433.05	21.53	24472.56	0.77	311.53	45.85	6407.97	3.84	18.95	8.77
4.	IRB	19.92	25.22	24059.38	1.31	3062.70	1412.58	21372.72	918.25	7.72	53.93
5.	CEMPRO	1251.60	35.74	21500.93	0.24	140.83	2.64	2720.92	7.02	33.53	10.09
6.	ENGINERSIN	271.95	19.49	15284.74	1.84	157.94	141.49	819.84	-5.80	30.94	20.61
7.	TECHNOE	979.75	26.43	11394.45	0.71	93.33	-31.44	630.34	19.84	14.86	15.79
8.	WELENT	798.40	36.16	11050.96	0.38	56.36	-44.29	773.72	-8.44	16.44	19.49
9.	KEC	413.35	19.88	11003.38	1.33	72.62	-41.72	5023.54	0.01	16.35	5.79
10.	IRCON	115.30	20.71	10844.15	1.65	92.03	-43.92	1955.83	9.49	10.15	9.81
11.	AFCONS	260.90	66.31	9595.50	0.77	30.30	-77.95	2671.00	-20.75	12.88	9.42
12.	NCC	143.25	12.86	8993.90	1.54	228.90	11.85	5811.83	12.22	16.77	9.43

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	274	462	327	440	375	441	636	816	526	843	872	1,010	630
	253	385	270	385	323	371	546	689	434	732	746	878	541
Operating Profit	21	78	56	54	52	70	90	127	92	111	126	132	89
OPM %	7.71%	16.78%	17.25%	12.37%	13.95%	15.90%	14.15%	15.53%	17.57%	13.19%	14.46%	13.08%	14.18%
	31	29	45	31	24	39	44	53	48	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
Profit before Tax	46	101	95	79	72	105	129	174	136	140	144	155	118
Tax %	39.66%	26.59%	3.52%	2.34%	25.92%	10.56%	25.61%	22.77%	18.50%	25.50%	17.24%	26.29%	21.22%
Net Profit	0	0	0	0	981	94	96	135	136	104	119	115	93
	2.59	6.85	8.53	7.20	4.95	8.22	8.25	11.58	9.54	8.94	10.25	9.85	8.02

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	120	1,283	986	871	884	999	829	1,502	2,269	3,252	3,356
	10	988	736	654	666	840	742	1,292	1,929	2,789	2,897
Operating Profit	110	295	250	217	218	159	87	210	339	462	459
OPM %	91.47%	23.02%	25.37%	24.95%	24.62%	15.89%	10.53%	13.98%	14.96%	14.22%	13.67%
	19	37	70	47	67	154	75	136	160	150	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
Profit before Tax	70	271	268	216	232	299	143	321	481	575	557
Tax %	20.39%	23.98%	27.76%	17.25%	21.68%	19.82%	32.47%	15.63%	21.33%	21.99%	22.68%
Net Profit	56	206	193	179	182	239	97	271	378	449	431
EPS	0.67	18.25	17.16	16.26	16.53	23.99	17.10	24.95	36.37	40.75	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	60.51%	8.34%	34.56%	28.06%	24.75%	17.18%	—

COMPOUNDED SALES GROWTH

10 Years:: 48%
5 Years:: 30%
3 Years:: 58%

COMPOUNDED PROFIT GROWTH

10 Years:: 30%
5 Years:: 21%
3 Years:: 36%

STOCK PRICE CAGR

10 Years:: —
5 Years:: 29%
3 Years:: 23%
1 Year:: -34%

RETURN ON EQUITY

10 Years:: 13%
5 Years:: 11%
3 Years:: 12%
Last Year:: 11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	178	23	23	22	22	22	22	22	23	23
	484	1,209	1,404	1,474	1,594	1,815	1,909	2,142	3,716	4,134
	336	100	82	45	79	130	184	33	320	463
Trade Payables	6	449	336	397	366	419	520	550	864	1,189
	-30	285	445	400	450	194	134	75	120	112
Total Liabilities	974	2,066	2,290	2,338	2,511	2,579	2,769	2,821	5,044	5,921
	616	585	546	508	467	459	81	76	70	510
Capital Work in Progress	0	0	0	0	0	0	95	276	442	72
	209	450	581	691	714	1,049	1,305	1,142	2,836	2,258
	0	8	19	7	6	27	101	26	0	0
	0	0	0	0	0	0	0	741	673	1,217
Cash & Bank	9	42	49	43	81	47	146	137	129	130
	139	982	1,096	1,090	1,243	998	1,041	423	894	1,734
Total Assets	974	2,066	2,290	2,338	2,511	2,579	2,769	2,821	5,044	5,921

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	165	269	265	171	159	325	205	-198	453	-590
Cash from Investing	-158	60	-171	38	-54	-224	13	269	-1,630	703
Cash from Financing	-55	-326	-16	-161	-34	-64	-103	-85	1,175	-92
	-54	-54	10	-11	37	-28	3	-14	-2	21

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	61.51	56.92	56.92	56.92	56.92	56.92	56.92	56.92	56.92
	4.39	9.80	9.92	9.33	8.98	9.22	8.53	8.65	8.08
	22.78	24.12	24.03	24.50	24.04	22.62	23.05	22.72	21.59
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	11.32	9.15	9.12	9.24	10.07	11.24	11.48	11.71	13.41

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-02

Copy of Newspaper Publication

2026-09-02 - Techno Electric & Engineering Company Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-01

Record Date

2026-09-01 - Techno Electric & Engineering Company Limited has informed the Exchange that Record date for the purpose of Dividend is 11-Sep-2026.

2026-09-01

Shareholders meeting

2026-09-01 - Techno Electric & Engineering Company Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 23, 2026

2026-08-17

Monitoring Agency Report

2026-08-17 - Monitoring Agency Report

2026-08-12

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-12 - Techno Electric & Engineering Company Limited has informed the Exchange about Presentation,Transcript and Link of Recording

2026-08-12

Copy of Newspaper Publication

2026-08-12 - Techno Electric & Engineering Company Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-11

Outcome of Board Meeting

2026-08-11 - Techno Electric & Engineering Company Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

2026-08-06

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-06 - Techno Electric & Engineering Company Limited has informed the Exchange about Schedule of meet

2026-07-13

Certificate under SEBI (Depositories and Participants) Regulations, 2018

2026-07-13 - Techno Electric & Engineering Company Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018

News

Recent coverage and analyst commentary for TECHNOE

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