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Techno Electric & Engineering Company Limited
(TECHNOE)
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Rating:64Neutral
Price Target:
₹881.00
▼(-14.08% Downside)
Action:Reiterated
Date:08/28/26
The score is primarily supported by strong financial stability and solid growth/profitability, but is materially constrained by inconsistent cash generation and a technically weak price trend (below key moving averages with negative MACD). Valuation is moderate-to-rich (P/E ~26.9) with a low dividend yield, limiting upside support.
Positive Factors
Very Low Leverage
Very low leverage gives Techno Electric substantial financial resilience for an engineering and construction business exposed to project cyclicality. The large equity base reduces dependence on borrowing, supports execution capacity, and preserves flexibility to absorb volatility or pursue future growth.
Negative Factors
Volatile Cash Generation
Repeated periods of negative operating and free cash flow show that reported earnings are not consistently converting into cash. This may constrain internally funded growth and increase dependence on project collections or working-capital management, making financial performance less predictable.
Read all positive and negative factors
Positive Factors
Negative Factors
Very Low Leverage
Very low leverage gives Techno Electric substantial financial resilience for an engineering and construction business exposed to project cyclicality. The large equity base reduces dependence on borrowing, supports execution capacity, and preserves flexibility to absorb volatility or pursue future growth.
Read all positive factors
Techno Electric & Engineering Company Limited (TECHNOE) vs. iShares MSCI India ETF (INDA)
Market Cap
₹96.75B
Dividend Yield0.84%
Average Volume (3M)15.10K
Price to Earnings (P/E)22.4
Beta (1Y)1.58
Revenue Growth38.72%
EPS Growth-6.77%
CountryIN
Employees703
SectorGeneral
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)37.06
Shares Outstanding116,299,576
10 Day Avg. Volume16,186
30 Day Avg. Volume15,104
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)49.37
Revenue Forecast (FY)₹40.56B
Techno Electric & Engineering Company Limited Business Overview & Revenue Model
Company Description
Techno Electric & Engineering Company Limited (TEEC) is an Indian firm that provides specialized engineering, procurement, and construction (EPC) services, focusing primarily on the power generation, transmission, and distribution sectors. The com...
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 | 33.56B | 32.52B | 22.69B | 15.02B | 8.29B | 9.99B |
| Gross Profit | 6.51B | 5.76B | 5.01B | 3.39B | 2.01B | 2.51B |
| EBITDA | 5.70B | 6.11B | 3.39B | 2.09B | 876.19M | 1.92B |
| Net Income | 4.31B | 4.74B | 4.23B | 2.68B | 1.87B | 2.64B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 59.38B | 50.56B | 28.34B | 27.79B | 25.16B |
| Cash, Cash Equivalents and Short-Term Investments | 23.31B | 23.31B | 29.31B | 12.79B | 14.50B | 10.94B |
| Total Debt | 0.00 | 724.93M | 390.92M | 0.00 | 0.00 | 0.00 |
| Total Liabilities | -41.57B | 17.82B | 13.17B | 6.72B | 8.39B | 6.79B |
| Stockholders Equity | 41.57B | 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 Technical Analysis
Negative
1025.40
Price Trends
965.15
Negative
997.09
Negative
1052.12
Negative
Market Momentum
-38.05
Positive
25.89
Positive
13.34
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:TECHNOE, the sentiment is Negative. The current price of 1025.4 is above the 20-day moving average (MA) of 938.54, above the 50-day MA of 965.15, and below the 200-day MA of 1052.12, indicating a bearish trend. The MACD of -38.05 indicates Positive momentum. The RSI at 25.89 is Positive, neither overbought nor oversold. The STOCH value of 13.34 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:TECHNOE.
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 |
|---|---|---|---|---|---|---|---|
78 Outperform | ₹224.22B | 19.91 | ― | 0.84% | 14.56% | 58.06% | |
64 Neutral | ₹96.75B | 22.35 | ― | 0.84% | 38.72% | -6.77% | |
62 Neutral | ₹5.05T | 28.12 | ― | 1.04% | 9.78% | 13.15% | |
61 Neutral | ₹68.59B | 17.51 | ― | 0.07% | 15.79% | 22.69% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | ₹92.78B | 17.73 | ― | 1.93% | -9.92% | -21.60% | |
49 Neutral | ₹88.30B | 15.94 | ― | 1.66% | 5.14% | -9.35% |
* General Sector Average
IN:TECHNOE
Techno Electric & Engineering Company Limited
831.90
-485.47
-36.85%
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IN:POWERMECH
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2,169.55
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-14.55%
Techno Electric & Engineering Company Limited Corporate Events
Techno Electric appoints seasoned finance executive Aninda Chatterjee as independent director
Sep 24, 2026
Techno Electric Engineering Company Limited has appointed Mr. Aninda Chatterjee as a Non-Executive Independent Director for a five-year term, effective September 23, 2026, following shareholder approval via a special resolution. Chatterjee brings...
Techno Electric Sets Record Date and AGM Schedule for Final Dividend
Sep 1, 2026
Techno Electric Engineering Company Limited has set 11 September 2026 as the record date for determining shareholders eligible to receive a proposed final dividend of Rs 7 per equity share for the 2025-26 financial year. The payout, subject to ap...
Techno Electric publishes investor presentation on Q1 FY2026 results
Aug 12, 2026
Techno Electric Engineering Company Limited has notified the stock exchanges that it has released an investor and analyst presentation, along with a transcript and recording link, covering the company’s financial results for the quarter end...
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.