Techno Electric & Engineering Company Limited (IN:TECHNOE)
:TECHNOE
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Techno Electric & Engineering Company Limited
(TECHNOE)
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Rating:66Neutral
Price Target:
₹1,062.00
▼(-4.38% Downside)
Action:N/ADate:01/04/26
The score is supported primarily by strong financial quality (high profitability and an exceptionally low-leverage balance sheet), but is held back by cash-flow volatility and an unfavorable technical setup (below key longer-term moving averages with negative MACD). Valuation also detracts due to a relatively high P/E alongside a low dividend yield.
Positive Factors
Very low leverage
Extremely low leverage (D/E ~0.01) and a large equity base reduce refinancing risk and provide financial flexibility to bid on capital-intensive transmission projects, fund asset builds, and absorb project delays—supporting durable earnings stability and long-term investment capacity.
Negative Factors
Cash-flow volatility
Operating and free cash flow have been volatile: FY2024 was materially negative while FY2025 rebounded but FCF covered only ~0.68x of net income. Project billing timings and working-capital swings can strain liquidity, constrain reinvestment, and make distributions and capex planning less predictable.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
Extremely low leverage (D/E ~0.01) and a large equity base reduce refinancing risk and provide financial flexibility to bid on capital-intensive transmission projects, fund asset builds, and absorb project delays—supporting durable earnings stability and long-term investment capacity.
Read all positive factors
Techno Electric & Engineering Company Limited (TECHNOE) vs. iShares MSCI India ETF (INDA)
Market Cap
₹125.35B
Dividend Yield0.8%
Average Volume (3M)17.32K
Price to Earnings (P/E)26.4
Beta (1Y)1.23
Revenue GrowthN/A
EPS GrowthN/A
CountryIN
Employees360
SectorServices
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)11.22
Shares Outstanding116,299,576
10 Day Avg. Volume20,450
30 Day Avg. Volume17,324
Financial Highlights & Ratios
PEG Ratio0.88
Price to Book (P/B)3.19
Price to Sales (P/S)5.25
P/FCF Ratio33.96
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)54.84
Revenue Forecast (FY)₹46.10B
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
The company makes money primarily through (1) EPC/turnkey project revenue and (2) recurring income from owned transmission assets and related services.
1) EPC / turnkey execution: TECHNOE earns contract revenue by delivering end-to-end electrical...
Techno Electric & Engineering Company Limited Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
92
Very Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 28.21B | 22.69B | 15.02B | 8.29B | 9.99B | 8.89B |
| Gross Profit | 6.14B | 5.01B | 3.39B | 2.01B | 2.51B | 3.20B |
| EBITDA | 4.57B | 3.39B | 2.09B | 871.39M | 1.91B | 2.16B |
| Net Income | 4.71B | 4.23B | 2.68B | 1.87B | 2.64B | 1.82B |
Balance Sheet | ||||||
| Total Assets | 54.05B | 50.56B | 28.34B | 27.79B | 25.16B | 22.03B |
| Cash, Cash Equivalents and Short-Term Investments | 26.60B | 29.31B | 12.79B | 14.91B | 10.94B | 7.21B |
| Total Debt | 612.26M | 390.92M | 0.00 | 0.00 | 0.00 | 400.03M |
| Total Liabilities | 15.12B | 13.17B | 6.72B | 8.39B | 6.79B | 5.86B |
| Stockholders Equity | 38.93B | 37.40B | 21.63B | 19.30B | 18.37B | 16.16B |
Cash Flow | ||||||
| Free Cash Flow | -2.07B | 3.51B | -3.79B | 315.08M | 2.25B | 1.25B |
| Operating Cash Flow | -1.75B | 5.19B | -1.98B | 344.22M | 2.58B | 1.25B |
| Investing Cash Flow | 2.76B | -17.07B | 2.69B | 714.05M | -2.24B | -542.60M |
| Financing Cash Flow | -919.58M | 11.86B | -845.06M | -1.03B | -627.63M | -338.43M |
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 | ₹110.72B | 6.66 | ― | 4.43% | -7.39% | -21.53% | |
66 Neutral | ₹125.35B | 26.39 | ― | 0.80% | ― | ― | |
60 Neutral | ₹81.16B | 9.32 | ― | 1.20% | -6.01% | -3.81% | |
60 Neutral | ₹53.90B | 55.57 | ― | 0.40% | 11.56% | -2.78% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% |
* Services Sector Average
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Techno Electric & Engineering Company Limited Corporate Events
Techno Electric Shareholders Clear Postal Ballot, Appoint New Independent Director
Feb 19, 2026
Techno Electric Engineering Company Limited has announced the results of a postal ballot conducted entirely through remote e-voting in accordance with Companies Act provisions and securities regulations. Shareholders were able to vote electronica...
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.