Techno Electric & Engineering Company Ltd

Techno Electric & Engineering Company Ltd

₹ 1,205 0.05%
28 Nov - 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

EPC Business
The company delivers EPC solutions across transmission, smart metering, and FGD projects and smart metering, executing projects across 17 locations in India. In FY25, EPC contributed 99% of total revenue. EPC revenue has grown 125% in FY25 compared to FY23. [1] [2] [3]

  • Market Cap 14,018 Cr.
  • Current Price 1,205
  • High / Low 1,720 / 785
  • Stock P/E 31.5
  • Book Value 335
  • Dividend Yield 0.75 %
  • ROCE 16.5 %
  • ROE 12.8 %
  • 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 29.1%
  • Debtor days have improved from 190 to 108 days.
  • Company's working capital requirements have reduced from 158 days to 92.4 days

Cons

  • Stock is trading at 3.60 times its book value
  • Company has a low return on equity of 12.1% over last 3 years.
  • Earnings include an other income of Rs.208 Cr.
  • Promoter holding has decreased over last 3 years: -3.28%

* 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

Consolidated Figures in Rs. Crores / View Standalone

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
186 185 313 274 462 327 440 375 441 636 816 526 843
153 162 306 253 385 270 385 323 371 546 689 434 732
Operating Profit 32 23 7 21 78 56 54 52 70 90 127 92 111
OPM % 17% 13% 2% 8% 17% 17% 12% 14% 16% 14% 16% 18% 13%
42 20 78 29 29 45 31 68 39 44 53 73 38
Interest 1 2 6 4 4 4 4 2 2 3 4 3 7
Depreciation 2 2 2 2 2 2 2 2 2 2 2 2 2
Profit before tax 71 40 77 44 101 95 79 117 105 129 174 161 140
Tax % 17% 21% 21% 42% 27% 4% 2% 16% 11% 26% 23% 16% 26%
59 31 61 25 74 92 78 98 94 96 135 136 104
EPS in Rs 5.35 2.90 5.65 2.35 6.86 8.54 7.21 9.12 8.10 8.25 11.58 11.70 8.94
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
120 1,283 986 871 884 999 830 1,502 2,269 2,821
10 988 736 654 668 840 742 1,292 1,929 2,401
Operating Profit 110 295 250 217 216 159 87 210 339 420
OPM % 91% 23% 25% 25% 24% 16% 11% 14% 15% 15%
19 42 73 48 67 175 165 134 205 208
Interest 21 25 13 7 9 7 11 17 11 16
Depreciation 37 42 42 42 41 7 8 8 8 9
Profit before tax 70 271 268 216 232 319 233 319 525 604
Tax % 20% 24% 28% 17% 22% 19% 20% 16% 20%
56 206 193 179 182 264 187 268 423 471
EPS in Rs 0.63 2.31 17.16 16.28 16.53 23.99 17.36 24.95 36.37 40.47
Dividend Payout % 0% 0% 0% 0% 61% 8% 35% 28% 25%
Compounded Sales Growth
10 Years: %
5 Years: 21%
3 Years: 31%
TTM: 78%
Compounded Profit Growth
10 Years: %
5 Years: 19%
3 Years: 13%
TTM: 41%
Stock Price CAGR
10 Years: %
5 Years: 41%
3 Years: 56%
1 Year: -18%
Return on Equity
10 Years: %
5 Years: 12%
3 Years: 12%
Last Year: 13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 178 23 23 22 22 22 22 22 23 23
Reserves 484 1,209 1,404 1,474 1,594 1,815 1,909 2,142 3,716 3,869
273 67 44 0 40 0 0 0 39 61
32 621 547 583 546 679 839 658 1,265 1,451
Total Liabilities 967 1,920 2,017 2,079 2,203 2,516 2,769 2,821 5,044 5,405
616 585 546 508 467 459 81 76 70 89
CWIP 0 0 0 0 0 0 95 276 442 471
Investments 209 450 581 691 714 1,049 1,305 1,142 2,836 2,524
141 885 891 881 1,022 1,008 1,288 1,327 1,696 2,321
Total Assets 967 1,920 2,017 2,079 2,203 2,516 2,769 2,821 5,044 5,405

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
160 212 198 112 125 259 93 -198 453
-158 142 -171 38 -54 -224 13 269 -1,630
-55 -326 -16 -161 -34 -64 -103 -85 1,175
Net Cash Flow -54 28 10 -11 37 -28 3 -14 -2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 230 216 202 240 219 213 282 180 108
Inventory Days 3 13 59 8 0
Days Payable 185 205 303 173
Cash Conversion Cycle 230 34 202 240 219 22 38 15 108
Working Capital Days 161 88 151 159 189 188 239 143 92
ROCE % 26% 20% 13% 12% 18% 8% 17% 17%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
61.16% 61.52% 61.52% 61.52% 61.52% 61.52% 61.52% 56.93% 56.93% 56.93% 56.93% 56.93%
1.69% 2.10% 2.18% 2.29% 3.21% 3.85% 4.39% 9.80% 9.92% 9.33% 8.98% 9.22%
25.95% 25.03% 24.21% 24.58% 23.98% 23.76% 22.78% 24.12% 24.03% 24.50% 24.04% 22.62%
11.20% 11.35% 12.08% 11.63% 11.27% 10.86% 11.33% 9.15% 9.12% 9.24% 10.07% 11.24%
No. of Shareholders 20,58019,77930,39036,50843,31353,29679,87496,86398,67485,47489,5441,04,212

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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