Techno Electric & Engineering Company Ltd.

•

techno.co.inBSE: 542141NSE: TECHNOE

Market Cap₹ 11,310 Cr.

Current Price

High / Low₹ 1,488 / 870

Stock P/E22.0

Book Value₹ 370

Price to Book2.73

Dividend Yield0.72 %

ROCE16.0 %

ROE13.0 %

Face Value₹ 2

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ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • EPC (Construction): 99.6% • Energy (Power): 0.4%

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 has delivered good profit growth of 20.9% CAGR over last 5 years
Company is almost debt free
Company has delivered good sales growth of 29.8% CAGR over last 5 years
Working capital cycle has improved - days down from 543 to 383
Company comfortably covers its interest (13.5x coverage)
Stock looks reasonably valued - P/E of 22.0 is below its historical median

CONS

Operating cash flow has been negative in recent years
Receivables are growing faster than sales - a possible quality concern
A large part of profit comes from other income (33.6% of PBT)
Promoter holding has decreased over last 2 years: -4.6pp
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.06x)

* 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	3915.00	32.47	538651.57	0.97	4988.03	15.51	67941.74	6.69	15.98	12.00
2.	RVNL	205.00	47.52	42742.91	0.35	159.52	18.73	4321.23	10.55	10.81	4.41
3.	KPIL	1435.05	21.56	24506.71	0.77	311.53	45.85	6407.97	3.84	18.95	8.77
4.	IRB	19.64	24.86	23721.19	1.32	3062.70	1412.58	21372.72	918.25	7.72	53.93
5.	CEMPRO	1244.10	35.53	21372.09	0.24	140.83	2.64	2720.92	7.02	33.53	10.09
6.	ENGINERSIN	269.20	19.30	15130.18	1.86	157.94	141.49	819.84	-5.80	30.94	20.61
7.	TECHNOE	972.50	26.24	11310.13	0.72	93.33	-31.44	630.34	19.84	14.86	15.79
8.	WELENT	782.75	35.45	10834.34	0.38	56.36	-44.29	773.72	-8.44	16.44	19.49
9.	KEC	406.45	19.54	10819.70	1.35	72.62	-41.72	5023.54	0.01	16.35	5.79
10.	IRCON	113.20	20.33	10646.64	1.68	92.03	-43.92	1955.83	9.49	10.15	9.81
11.	AFCONS	253.95	64.55	9339.89	0.79	30.30	-77.95	2671.00	-20.75	12.88	9.42
12.	NCC	141.00	12.65	8852.64	1.56	228.90	11.85	5811.83	12.22	16.77	9.43

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	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
	346	486	366	483	414	500	676	812	514	839	857	1,043	642
	299	411	321	424	357	431	577	709	435	723	736	911	561
Operating Profit	47	76	45	59	57	70	99	103	79	115	121	132	80
OPM %	13.72%	15.54%	12.29%	12.19%	13.66%	13.91%	14.68%	12.64%	15.38%	13.77%	14.14%	12.65%	12.51%
	31	28	42	31	23	39	44	70	58	47	40	53	41
Interest	4	4	4	4	2	2	2	3	12	16	10	8	7
Depreciation	2	2	2	2	2	2	2	2	2	2	2	2	2
Profit before Tax	72	98	81	84	76	104	138	167	123	144	150	174	121
Tax %	25.26%	27.18%	3.86%	16.95%	26.58%	13.47%	24.45%	20.58%	20.04%	14.42%	-1.45%	17.62%	20.83%
Net Profit	54	71	78	69	56	90	105	133	98	123	152	143	96
	5.01	6.63	7.21	6.45	5.17	7.88	8.99	11.42	8.44	10.61	13.05	12.33	8.27

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	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	967	1,681	2,402	3,252	3,380
	10	987	736	654	666	840	848	1,453	2,074	2,804	2,932
Operating Profit	110	295	250	217	218	159	119	227	328	448	449
OPM %	91.47%	23.02%	25.39%	24.95%	24.63%	15.91%	12.32%	13.53%	13.67%	13.78%	13.28%
	19	37	59	45	84	154	74	131	176	198	182
Interest	21	25	13	7	9	7	11	17	10	47	41
Depreciation	37	42	42	42	41	7	7	7	8	9	9
Profit before Tax	70	265	254	214	251	299	175	334	486	591	589
Tax %	20.30%	24.46%	28.59%	17.26%	20.07%	19.94%	26.72%	18.58%	21.09%	12.51%	12.66%
Net Profit	56	200	182	177	200	240	128	272	383	517	515
EPS	0.67	17.78	16.12	16.04	18.22	23.66	19.99	25.30	32.96	44.43	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	54.88%	9.19%	50.40%	27.66%	27.31%	15.75%	—

COMPOUNDED SALES GROWTH

10 Years:: 48%
5 Years:: 30%
3 Years:: 50%

COMPOUNDED PROFIT GROWTH

10 Years:: 31%
5 Years:: 22%
3 Years:: 62%

STOCK PRICE CAGR

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

RETURN ON EQUITY

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

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	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	1,200	1,382	1,450	1,589	1,811	1,936	2,170	3,744	4,181
	273	100	82	45	79	130	184	33	831	610
Trade Payables	6	449	336	397	366	419	550	550	863	1,136
	33	285	443	398	447	195	104	88	131	68
Total Liabilities	975	2,057	2,266	2,312	2,503	2,576	2,797	2,862	5,592	6,019
	616	585	545	506	465	426	49	44	39	58
Capital Work in Progress	0	0	0	0	0	0	0	0	0	9
	210	442	561	668	710	1,052	1,339	1,190	3,043	2,890
	0	8	19	7	6	27	86	26	0	0
	0	0	0	0	0	0	0	741	692	1,239
Cash & Bank	9	42	48	43	81	47	146	136	125	127
	139	982	1,093	1,088	1,241	1,025	1,176	725	1,693	1,695
Total Assets	975	2,057	2,266	2,312	2,503	2,576	2,797	2,862	5,592	6,019

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	165	269	265	171	160	325	144	-337	837	-575
Cash from Investing	-158	60	-173	38	-55	-197	73	403	-1,979	699
Cash from Financing	-55	-326	-16	-161	-34	-90	-103	-81	1,137	-103
	-54	-54	10	-11	37	-28	3	-15	-5	22

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	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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Techno Electric & Engineering Company Ltd.

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Free 5nance Account

Name

3915.00

32.47

538651.57

0.97

4988.03

15.51

67941.74

6.69

15.98

12.00

RVNL

205.00

47.52

42742.91

0.35

159.52

18.73

4321.23

10.55

10.81

4.41

KPIL

1435.05

21.56

24506.71

0.77

311.53

45.85

6407.97

3.84

18.95

8.77

IRB

19.64

24.86

23721.19

1.32

3062.70

1412.58

21372.72

918.25

7.72

53.93

CEMPRO

1244.10

35.53

21372.09

0.24

140.83

2.64

2720.92

7.02

33.53

10.09

ENGINERSIN

269.20

19.30

15130.18

1.86

157.94

141.49

819.84

-5.80

30.94

20.61

TECHNOE

972.50

26.24

11310.13

0.72

93.33

-31.44

630.34

19.84

14.86

15.79

WELENT

782.75

35.45

10834.34

0.38

56.36

-44.29

773.72

-8.44

16.44

19.49

KEC

406.45

19.54

10819.70

1.35

72.62

-41.72

5023.54

0.01

16.35

5.79

IRCON

113.20

20.33

10646.64

1.68

92.03

-43.92

1955.83

9.49

10.15

9.81

AFCONS

253.95

64.55

9339.89

0.79

30.30

-77.95

2671.00

-20.75

12.88

9.42

NCC

141.00

12.65

8852.64

1.56

228.90

11.85

5811.83

12.22

16.77

9.43

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

346

486

366

483

414

500

676

812

514

839

857

1,043

642

299

411

321

424

357

431

577

709

435

723

736

911

561

Operating Profit

103

115

121

132

OPM %

13.72%

15.54%

12.29%

12.19%

13.66%

13.91%

14.68%

12.64%

15.38%

13.77%

14.14%

12.65%

12.51%

Interest

Depreciation

Profit before Tax

104

138

167

123

144

150

174

121

Tax %

25.26%

27.18%

3.86%

16.95%

26.58%

13.47%

24.45%

20.58%

20.04%

14.42%

-1.45%

17.62%

20.83%

Net Profit

105

133

123

152

143

5.01

6.63

7.21

6.45

5.17

7.88

8.99

11.42

8.44

10.61

13.05

12.33

8.27

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

967

1,681

2,402

3,252

3,380

987

736

654

666

840

848

1,453

2,074

2,804

2,932

Operating Profit

110

295

250

217

218

159

119

227

328

448

449

OPM %

91.47%

23.02%

25.39%

24.95%

24.63%

15.91%

12.32%

13.53%

13.67%

13.78%

13.28%

154

131

176

198

182

Interest

Depreciation

Profit before Tax

265

254

214

251

299

175

334

486

591

589

Tax %

20.30%

24.46%

28.59%

17.26%

20.07%

19.94%

26.72%

18.58%

21.09%

12.51%

12.66%

Net Profit

200

182

177

200

240

128

272

383

517

515

EPS

0.67

17.78

16.12

16.04

18.22

23.66

19.99

25.30

32.96

44.43

—

Dividend Payout %

0.00%

54.88%

9.19%

50.40%

27.66%

27.31%

15.75%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

178

484

1,200

1,382

1,450

1,589

1,811

1,936

2,170

3,744

4,181

273

100

130

184

831

610

Trade Payables

449

336

397

366

419

550

863

1,136

285

443

398

447

195

104

131

Total Liabilities

975

2,057

2,266

2,312

2,503

2,576

2,797

2,862

5,592

6,019

616

585

545

506

465

426

Capital Work in Progress

210

442

561

668

710

1,052

1,339

1,190

3,043

2,890

741

692

1,239

Cash & Bank

146

136

125

127

139

982

1,093

1,088

1,241

1,025

1,176

725

1,693

1,695

Total Assets

975

2,057

2,266

2,312

2,503

2,576

2,797

2,862

5,592

6,019

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

165

269

265

171

160

325

144

-337

837

-575

Cash from Investing

-158

-173

-55

-197

403

-1,979

699

Cash from Financing

-55

-326

-16

-161

-34

-90

-103

-81

1,137

-103

-54

-11

-28

-15

-5

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

61.51

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

11.32

9.15

9.12

9.24

10.07

11.24

11.48

11.71

13.41

Techno Electric & Engineering Company Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Techno Electric & Engineering Company Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI