Techno Electric & Engineering Company Ltd

₹ 295 -0.71%
12 Aug - close price
About

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]

Key Points

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.
Green Power: The Co is an independent renewable energy producer with 129.9 MW wind energy capacity.
Public Private Partnership Projects: The Co undertakes Build Own Operate and Transfer (BOOT) and Build Own Operate and Maintain (BOOM) projects to provide transmission network solutions. [1]

  • Market Cap 3,241 Cr.
  • Current Price 295
  • High / Low 320 / 221
  • Stock P/E 12.9
  • Book Value 167
  • Dividend Yield 3.39 %
  • ROCE 19.1 %
  • ROE 15.1 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 21.1%

Cons

  • Company has a low return on equity of 13.6% for last 3 years.
  • Earnings include an other income of Rs.147 Cr.
  • Company has high debtors of 198 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
237 264 261 114 170 257 248 215 189 274 303 308 173
169 166 218 108 125 182 170 196 134 188 261 268 125
Operating Profit 69 98 43 6 44 75 78 19 55 85 43 39 48
OPM % 29% 37% 16% 6% 26% 29% 31% 9% 29% 31% 14% 13% 28%
13 11 12 9 13 51 11 9 17 10 120 3 13
Interest 1 2 2 1 1 2 3 2 2 1 2 1 1
Depreciation 10 10 10 10 10 10 10 10 10 10 10 10 10
Profit before tax 70 97 43 4 46 114 76 15 60 84 151 31 50
Tax % 27% 7% 25% 18% 25% 15% 25% 14% 24% 25% 24% -20% 27%
Net Profit 51 90 32 3 34 96 57 13 46 63 114 37 36
EPS in Rs 4.66 8.20 2.91 0.29 3.13 8.76 5.15 1.18 4.15 5.77 10.36 3.39 3.27

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 TTM
102 64 120 1,283 986 871 884 1,074 1,057
3 57 10 987 736 654 666 851 842
Operating Profit 99 7 110 295 250 217 218 222 215
OPM % 97% 11% 92% 23% 25% 25% 25% 21% 20%
10 115 19 37 59 45 84 150 147
Interest 26 23 21 25 13 7 9 6 5
Depreciation 47 36 37 42 42 42 41 41 41
Profit before tax 35 63 70 265 254 214 251 326 316
Tax % 0% 43% 20% 24% 29% 17% 20% 20%
Net Profit 35 36 56 200 182 177 200 260 251
EPS in Rs 0.42 0.43 0.63 2.25 16.12 16.06 18.22 23.67 22.79
Dividend Payout % 64% 0% 0% 0% 0% 0% 55% 8%
Compounded Sales Growth
10 Years: %
5 Years: 55%
3 Years: 3%
TTM: 16%
Compounded Profit Growth
10 Years: %
5 Years: 36%
3 Years: 13%
TTM: 19%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 6%
1 Year: 2%
Return on Equity
10 Years: %
5 Years: 15%
3 Years: 14%
Last Year: 15%

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
166 166 178 23 23 22 22 22
Reserves 414 408 484 1,200 1,382 1,450 1,589 1,811
389 341 273 67 44 0 40 0
34 48 32 621 547 583 547 680
Total Liabilities 1,004 963 967 1,911 1,996 2,055 2,197 2,513
812 616 616 585 545 506 465 426
CWIP 0 0 0 0 0 0 0 0
Investments 77 79 210 442 561 668 710 1,052
115 268 141 885 890 881 1,022 1,035
Total Assets 1,004 963 967 1,911 1,996 2,055 2,197 2,513

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
56 -56 160 212 199 112 126 259
56 232 -158 142 -173 38 -55 -197
-113 -118 -55 -326 -16 -161 -34 -90
Net Cash Flow -1 58 -54 28 10 -11 37 -28

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 126 233 230 216 202 240 219 198
Inventory Days
Days Payable
Cash Conversion Cycle 126 233 230 216 202 240 219 198
Working Capital Days -330 -752 161 89 159 159 206 522
ROCE % 3% 10% 26% 20% 15% 17% 19%

Shareholding Pattern

Numbers in percentages

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
60.18 60.18 60.18 60.18 60.18 60.18 60.18 60.18 60.18 60.18 60.18 60.18
1.13 1.11 1.11 1.11 1.08 1.00 1.04 1.02 1.25 1.19 1.24 1.44
27.63 28.21 28.85 28.74 27.99 27.69 30.93 32.13 30.86 29.79 27.33 27.32
11.05 10.50 9.86 9.97 10.74 11.12 7.84 6.66 7.71 8.84 11.25 11.05

Documents