Techno Electric & Engineering Company Ltd

₹ 322 -0.08%
05 Dec 4:01 p.m.
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 3,546 Cr.
  • Current Price 322
  • High / Low 324 / 221
  • Stock P/E 14.4
  • Book Value 175
  • Dividend Yield 0.62 %
  • ROCE 14.4 %
  • ROE 11.3 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 23.0%

Cons

  • Company has a low return on equity of 10.6% over last 3 years.
  • Earnings include an other income of Rs.155 Cr.
  • Company has high debtors of 199 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

Consolidated Figures in Rs. Crores / View Standalone

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
264 261 114 170 257 248 215 189 274 303 308 173 228
166 218 108 125 182 170 196 134 188 261 269 125 157
Operating Profit 98 43 6 44 75 77 19 55 85 43 39 48 71
OPM % 37% 16% 6% 26% 29% 31% 9% 29% 31% 14% 13% 28% 31%
12 13 7 13 34 11 8 17 10 120 3 13 19
Interest 2 2 1 1 2 3 2 2 1 2 1 1 1
Depreciation 10 10 10 10 10 10 10 10 10 10 10 10 10
Profit before tax 99 44 2 46 97 76 15 60 84 151 31 49 78
Tax % 8% 25% 11% 25% 18% 25% 13% 24% 25% 24% -21% 27% 25%
Net Profit 92 30 3 36 80 56 9 47 65 115 37 36 59
EPS in Rs 8.38 2.75 0.31 3.28 7.30 5.09 0.85 4.28 5.89 10.44 3.37 3.23 5.35
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
120 1,283 986 871 884 1,070 1,012
10 988 736 654 668 847 812
Operating Profit 110 295 250 217 216 224 200
OPM % 91% 23% 25% 25% 24% 21% 20%
19 42 73 48 67 154 155
Interest 21 25 13 7 9 7 5
Depreciation 37 42 42 42 41 41 41
Profit before tax 70 271 268 216 232 330 309
Tax % 20% 24% 28% 17% 22% 20%
Net Profit 56 206 193 179 182 264 246
EPS in Rs 0.63 2.31 17.16 16.28 16.53 23.99 22.39
Dividend Payout % 0% 0% 0% 0% 61% 8%
Compounded Sales Growth
10 Years: %
5 Years: 55%
3 Years: 3%
TTM: 9%
Compounded Profit Growth
10 Years: %
5 Years: 29%
3 Years: 0%
TTM: 39%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 6%
1 Year: 38%
Return on Equity
10 Years: %
5 Years: 13%
3 Years: 11%
Last Year: 11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
178 23 23 22 22 22 22
Reserves 484 1,209 1,404 1,474 1,594 1,815 1,904
273 67 44 0 40 0 20
32 621 547 583 546 679 726
Total Liabilities 967 1,920 2,017 2,079 2,203 2,516 2,672
616 585 546 508 467 459 439
CWIP 0 0 0 0 0 0 2
Investments 209 450 581 691 714 1,049 933
141 885 891 881 1,022 1,008 1,298
Total Assets 967 1,920 2,017 2,079 2,203 2,516 2,672

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
160 212 198 112 125 258
-158 142 -171 38 -54 -224
-55 -326 -16 -161 -34 -63
Net Cash Flow -54 28 10 -11 37 -28

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 230 216 202 240 219 199
Inventory Days 3
Days Payable 185
Cash Conversion Cycle 230 34 202 240 219 199
Working Capital Days 161 89 159 159 206 176
ROCE % 26% 20% 13% 12% 14%

Shareholding Pattern

Numbers in percentages

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
60.18 60.18 60.18 60.18 60.18 60.18 60.18 60.18 60.18 60.18 60.18 60.21
1.11 1.11 1.11 1.08 1.00 1.04 1.02 1.25 1.19 1.24 1.44 1.62
28.21 28.85 28.74 27.99 27.69 30.93 32.13 30.86 29.79 27.33 27.32 26.81
10.50 9.86 9.97 10.74 11.12 7.84 6.66 7.71 8.84 11.25 11.05 11.37

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

Please click on the line-items to see the names of individual entities.

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