Techno Electric & Engineering Company Limited (IN:TECHNOE)
:TECHNOE
Want to see IN:TECHNOE full AI Analyst Report?
Top Page
Techno Electric & Engineering Company Limited
(TECHNOE)
Select Model
Select Model
Rating:65Neutral
Price Target:
₹1,291.00
▲(16.23% Upside)
Action:Reiterated
Date:05/27/26
The score is supported primarily by a very strong, low-leverage balance sheet and solid growth/profitability, but is held back by inconsistent cash generation with recent negative operating/free cash flow. Technical signals are mixed/neutral, and valuation appears only moderately attractive given the P/E and low dividend yield.
Positive Factors
Very low leverage
An extremely low debt-to-equity ratio provides durable financial flexibility for an EPC firm. It reduces default risk through project cycles, supports funding of working-capital swings, and enables the company to bid on large contracts or absorb delays without immediate refinancing pressure.
Negative Factors
Volatile cash conversion
Intermittent negative operating and free cash flow despite reported profits signals weak cash conversion from projects. For an EPC business this raises persistent liquidity and refinancing risk, can limit reinvestment, and may force reliance on external funding or slower supplier payments.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
An extremely low debt-to-equity ratio provides durable financial flexibility for an EPC firm. It reduces default risk through project cycles, supports funding of working-capital swings, and enables the company to bid on large contracts or absorb delays without immediate refinancing pressure.
Read all positive factors
Techno Electric & Engineering Company Limited (TECHNOE) vs. iShares MSCI India ETF (INDA)
Market Cap
₹159.40B
Dividend Yield0.8%
Average Volume (3M)17.32K
Price to Earnings (P/E)24.2
Beta (1Y)1.29
Revenue Growth43.33%
EPS Growth9.64%
CountryIN
Employees360
SectorServices
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)40.47
Shares Outstanding116,299,576
10 Day Avg. Volume20,450
30 Day Avg. Volume17,324
Financial Highlights & Ratios
PEG Ratio1.07
Price to Book (P/B)2.76
Price to Sales (P/S)3.52
P/FCF Ratio-20.22
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)53.97
Revenue Forecast (FY)₹46.12B
Techno Electric & Engineering Company Limited Business Overview & Revenue Model
Company Description
Techno Electric & Engineering Company Limited provides engineering, procurement, and construction (EPC) services to the power generation, transmission, and distribution sectors in India. The company operates through EPC and Energy segments. It pro...
How the Company Makes Money
TECHNOE primarily makes money by executing electrical infrastructure projects for customers (typically utilities, public-sector entities, and industrial clients) under contract. Revenue is recognized from project execution activities, generally ti...
Techno Electric & Engineering Company Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
92
Very Positive
Cash Flow
44
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 28.21B | 32.52B | 22.69B | 15.02B | 8.29B | 9.99B |
| Gross Profit | 6.14B | 5.76B | 5.01B | 3.39B | 2.01B | 2.51B |
| EBITDA | 4.57B | 4.62B | 3.39B | 2.09B | 871.39M | 1.91B |
| Net Income | 4.71B | 4.74B | 4.23B | 2.68B | 1.87B | 2.64B |
Balance Sheet | ||||||
| Total Assets | 54.05B | 59.38B | 50.56B | 28.34B | 27.79B | 25.16B |
| Cash, Cash Equivalents and Short-Term Investments | 26.60B | 23.31B | 29.31B | 12.79B | 14.91B | 10.94B |
| Total Debt | 612.26M | 724.93M | 390.92M | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 15.12B | 17.82B | 13.17B | 6.72B | 8.39B | 6.79B |
| Stockholders Equity | 38.93B | 41.57B | 37.40B | 21.63B | 19.30B | 18.37B |
Cash Flow | ||||||
| Free Cash Flow | -2.07B | -5.67B | 3.51B | -3.79B | 315.08M | 2.25B |
| Operating Cash Flow | -1.75B | -5.00B | 5.19B | -1.98B | 344.22M | 2.58B |
| Investing Cash Flow | 2.76B | 5.93B | -17.07B | 2.69B | 714.05M | -2.24B |
| Financing Cash Flow | -919.58M | -725.85M | 11.86B | -845.06M | -1.03B | -627.63M |
Techno Electric & Engineering Company Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹80.51B | 16.29 | ― | 0.05% | 15.81% | 11.50% | |
66 Neutral | ₹5.55T | 29.97 | ― | 0.84% | 11.79% | 15.95% | |
65 Neutral | ₹159.40B | 24.18 | ― | 0.80% | 43.33% | 9.64% | |
64 Neutral | ₹217.44B | 17.37 | ― | 0.77% | 21.63% | 72.41% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
51 Neutral | ₹134.12B | 18.22 | ― | 1.56% | -15.69% | -18.10% | |
48 Neutral | ₹135.04B | 22.47 | ― | 0.74% | 7.59% | 4.98% |
* Services Sector Average
IN:TECHNOE
Techno Electric & Engineering Company Limited
1,201.35
-41.86
-3.37%
IN:IRCON
IRCON International Ltd.
140.20
-46.38
-24.86%
IN:KEC
KEC International Ltd.
499.15
-357.74
-41.75%
IN:KPIL
Kalpataru Projects International Limited
1,296.65
189.81
17.15%
IN:LT
Larsen & Toubro Limited
4,037.70
464.77
13.01%
IN:POWERMECH
Power Mech Projects Ltd.
2,491.95
-634.93
-20.31%
Techno Electric & Engineering Company Limited Corporate Events
Techno Electric Confirms No Deviation in Use of Rs 12,500 Million QIP Funds
May 25, 2026
Techno Electric Engineering Company Limited reported to the stock exchanges that it has submitted a Statement of Deviation or Variation for funds raised through a Qualified Institutional Placement conducted on July 19, 2024, totaling Rs 12,500 mi...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.