Techno Electric & Engineering Company Ltd
Techno Electric & Engineering Company Ltd (TEECL) is engaged in providing Engineering, Procurement and Construction (EPC), asset ownership and operations and maintenance services in the power infrastructure industry. [1]
- Market Cap ₹ 8,306 Cr.
- Current Price ₹ 772
- High / Low ₹ 860 / 324
- Stock P/E 34.7
- Book Value ₹ 189
- Dividend Yield 0.78 %
- ROCE 9.80 %
- ROE 11.5 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 31.0%
Cons
- Stock is trading at 4.07 times its book value
- The company has delivered a poor sales growth of -5.50% over past five years.
- Company has a low return on equity of 13.2% over last 3 years.
- Earnings include an other income of Rs.176 Cr.
- Company has high debtors of 242 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Infrastructure Developers & Operators Industry: Engineering - Turnkey Services
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|
102 | 64 | 120 | 1,283 | 986 | 871 | 884 | 999 | 967 | 1,648 | |
3 | 57 | 10 | 987 | 736 | 654 | 666 | 840 | 848 | 1,441 | |
Operating Profit | 99 | 7 | 110 | 295 | 250 | 217 | 218 | 159 | 119 | 207 |
OPM % | 97% | 11% | 92% | 23% | 25% | 25% | 25% | 16% | 12% | 13% |
10 | 115 | 19 | 37 | 59 | 45 | 84 | 175 | 165 | 176 | |
Interest | 26 | 23 | 21 | 25 | 13 | 7 | 9 | 7 | 11 | 18 |
Depreciation | 47 | 36 | 37 | 42 | 42 | 42 | 41 | 7 | 7 | 7 |
Profit before tax | 35 | 63 | 70 | 265 | 254 | 214 | 251 | 320 | 265 | 357 |
Tax % | 0% | 43% | 20% | 24% | 29% | 17% | 20% | 19% | 18% | |
35 | 36 | 56 | 200 | 182 | 177 | 200 | 260 | 218 | 292 | |
EPS in Rs | 0.42 | 0.43 | 0.63 | 2.25 | 16.12 | 16.06 | 18.22 | 23.67 | 20.29 | 27.16 |
Dividend Payout % | 64% | 0% | 0% | 0% | 0% | 0% | 55% | 8% | 30% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | -6% |
3 Years: | 4% |
TTM: | 101% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 2% |
3 Years: | 7% |
TTM: | 79% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 23% |
3 Years: | 37% |
1 Year: | 127% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 13% |
3 Years: | 13% |
Last Year: | 12% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 166 | 166 | 178 | 23 | 23 | 22 | 22 | 22 | 22 | 22 |
Reserves | 414 | 408 | 484 | 1,200 | 1,382 | 1,450 | 1,589 | 1,811 | 1,936 | 2,017 |
389 | 341 | 273 | 67 | 44 | 0 | 40 | 0 | 0 | 0 | |
34 | 48 | 32 | 621 | 547 | 583 | 547 | 680 | 839 | 925 | |
Total Liabilities | 1,004 | 963 | 967 | 1,911 | 1,996 | 2,055 | 2,197 | 2,513 | 2,797 | 2,963 |
812 | 616 | 616 | 585 | 545 | 506 | 465 | 426 | 49 | 47 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 77 | 79 | 210 | 442 | 561 | 668 | 710 | 1,052 | 1,339 | 1,276 |
115 | 268 | 141 | 885 | 890 | 881 | 1,022 | 1,035 | 1,409 | 1,640 | |
Total Assets | 1,004 | 963 | 967 | 1,911 | 1,996 | 2,055 | 2,197 | 2,513 | 2,797 | 2,963 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|
56 | -56 | 160 | 212 | 199 | 112 | 126 | 260 | 33 | |
56 | 232 | -158 | 142 | -173 | 38 | -55 | -197 | 73 | |
-113 | -118 | -55 | -326 | -16 | -161 | -34 | -90 | -103 | |
Net Cash Flow | -1 | 58 | -54 | 28 | 10 | -11 | 37 | -28 | 3 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|
Debtor Days | 126 | 233 | 230 | 216 | 202 | 240 | 219 | 213 | 242 |
Inventory Days | 13 | 43 | |||||||
Days Payable | 205 | 274 | |||||||
Cash Conversion Cycle | 126 | 233 | 230 | 216 | 202 | 240 | 219 | 22 | 11 |
Working Capital Days | -330 | -752 | 161 | 89 | 159 | 159 | 206 | 188 | 245 |
ROCE % | 3% | 10% | 26% | 20% | 15% | 17% | 18% | 10% |
Documents
Announcements
- Closure of Trading Window 1d
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Announcement under Regulation 30 (LODR)-Newspaper Publication
21 Mar - Newspaper Publication - Dispatch of Notice of Postal Ballot under Section 110 of the Companies Act 2013
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 20 Mar
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 16 Feb
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Announcement under Regulation 30 (LODR)-Newspaper Publication
15 Feb - Newspaper Publication - Unaudited Financial Results for the Quarter and nine months ended 31st December, 2023
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Concalls
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Feb 2024Transcript PPT
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Business Segments
Engineering, Procurement and Construction (EPC) Services: The Co provides Flue Gas Desulfurization (FGD) turnkey solutions to captive power plants for power generation. For transmission activities, it constructs air insulated and gas insulated substations. [1]
Transmission Asset Ownership: The Co. expanded into Public Private Partnership (PPP) projects based on the Build Own Operate and Transfer (BOOT) and Build Own Operate and Maintain (BOOM) operating models. It is the first company in India to enter into a PPP agreement with the Haryana government to lay down a transmission network.
Green Power: The Co. is an independent renewable energy producer with ~129.9 MW wind energy capacity in Tamil Nadu and Karnataka. [2] It intends to divest this portfolio to improve strength for bidding in more PPP projects in the transmission sector, improve ROCE and focus on the core EPC vertical. Alternatively, TEECL may use the asset for powering the Data Centre at Chennai. [3]