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 ₹ 12,482 Cr.
- Current Price ₹ 1,073
- High / Low ₹ 1,655 / 870
- Stock P/E 27.8
- Book Value ₹ 357
- Dividend Yield 0.84 %
- ROCE 14.8 %
- ROE 11.4 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 25.2% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 23.3%
Cons
- Company has a low return on equity of 12.2% over last 3 years.
- Earnings include an other income of Rs.175 Cr.
- Promoter holding has decreased over last 3 years: -4.59%
- Working capital days have increased from 222 days to 430 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 120 | 1,283 | 986 | 871 | 884 | 999 | 830 | 1,502 | 2,269 | 3,252 | |
| 10 | 988 | 736 | 654 | 668 | 840 | 742 | 1,292 | 1,929 | 2,790 | |
| Operating Profit | 110 | 295 | 250 | 217 | 216 | 159 | 87 | 210 | 339 | 462 |
| OPM % | 91% | 23% | 25% | 25% | 24% | 16% | 11% | 14% | 15% | 14% |
| 19 | 42 | 73 | 48 | 67 | 175 | 165 | 134 | 205 | 175 | |
| Interest | 21 | 25 | 13 | 7 | 9 | 7 | 11 | 17 | 11 | 19 |
| Depreciation | 37 | 42 | 42 | 42 | 41 | 7 | 8 | 8 | 8 | 17 |
| Profit before tax | 70 | 271 | 268 | 216 | 232 | 319 | 233 | 319 | 525 | 600 |
| Tax % | 20% | 24% | 28% | 17% | 22% | 19% | 20% | 16% | 20% | 21% |
| 56 | 206 | 193 | 179 | 182 | 264 | 187 | 268 | 423 | 474 | |
| EPS in Rs | 0.63 | 2.31 | 17.16 | 16.28 | 16.53 | 23.99 | 17.36 | 24.95 | 36.37 | 40.75 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 61% | 8% | 35% | 28% | 25% | 17% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 30% |
| 3 Years: | 58% |
| TTM: | 43% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 25% |
| 3 Years: | 34% |
| TTM: | 19% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 28% |
| 3 Years: | 39% |
| 1 Year: | -32% |
| Return on Equity | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 12% |
| 3 Years: | 12% |
| Last Year: | 11% |
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 4,134 |
| 273 | 67 | 44 | 0 | 40 | 0 | 0 | 0 | 39 | 72 | |
| 32 | 621 | 547 | 583 | 546 | 679 | 839 | 658 | 1,265 | 1,709 | |
| Total Liabilities | 967 | 1,920 | 2,017 | 2,079 | 2,203 | 2,516 | 2,769 | 2,821 | 5,044 | 5,938 |
| 616 | 585 | 546 | 508 | 467 | 459 | 81 | 76 | 70 | 510 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 95 | 276 | 442 | 72 |
| Investments | 209 | 450 | 581 | 691 | 714 | 1,049 | 1,305 | 1,142 | 2,836 | 2,258 |
| 141 | 885 | 891 | 881 | 1,022 | 1,008 | 1,288 | 1,327 | 1,696 | 3,099 | |
| Total Assets | 967 | 1,920 | 2,017 | 2,079 | 2,203 | 2,516 | 2,769 | 2,821 | 5,044 | 5,938 |
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 160 | 212 | 198 | 112 | 125 | 259 | 93 | -198 | 453 | -590 | |
| -158 | 142 | -171 | 38 | -54 | -224 | 13 | 269 | -1,630 | 703 | |
| -55 | -326 | -16 | -161 | -34 | -64 | -103 | -85 | 1,175 | -92 | |
| Net Cash Flow | -54 | 28 | 10 | -11 | 37 | -28 | 3 | -14 | -2 | 21 |
| Free Cash Flow | 116 | 211 | 195 | 111 | 125 | 226 | 28 | -379 | 285 | -657 |
| CFO/OP | 150% | 91% | 106% | 79% | 74% | 205% | 235% | -60% | 158% | -97% |
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 230 | 216 | 202 | 240 | 219 | 213 | 282 | 180 | 108 | 137 |
| Inventory Days | 3 | 13 | 59 | 8 | 0 | 0 | ||||
| Days Payable | 185 | 205 | 303 | 173 | ||||||
| Cash Conversion Cycle | 230 | 34 | 202 | 240 | 219 | 22 | 38 | 15 | 108 | 137 |
| Working Capital Days | 161 | 88 | 151 | 159 | 189 | 188 | 239 | 143 | 92 | 430 |
| ROCE % | 26% | 20% | 13% | 12% | 18% | 8% | 17% | 17% | 15% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Wind / Renewable Energy Capacity Owned MW |
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| Total Order Book (Unexecuted) INR Mn |
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| Transmission Segment Order Book INR Mn |
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| Smart Meters Awarded (Cumulative Contracts) Million units |
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| Data Center IT Load - Pipeline (Planned Hyperscale) MW |
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| Smart Meter (DBFOT/TOTEX) Order Book INR Mn |
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| Smart Meters Installed/Deployed (Cumulative) Million units |
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Extracted by Screener AI
Documents
Announcements
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Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015
2 Jul - Ankit Saraiya gifts 2,00,000 shares to Techno Family Welfare Trust on 30 June 2026.
- Closure of Trading Window 26 Jun
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Updates
28 May - Received Rs.80 crore against Sankhya Financial Services NCDs; residual balance resolution under discussion.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
26 May - Transcript of investor/analyst presentation for quarter ended 31 March 2026 shared.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
26 May - Newspaper Publication Audited Financial Result - 31.03.2026
Annual reports
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Financial Year 2025
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Financial Year 2024
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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 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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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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Concalls
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May 2026TranscriptPPTREC
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Nov 2019TranscriptPPT
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Aug 2019TranscriptPPT
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May 2019TranscriptPPT
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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]