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 ₹ 9,864 Cr.
- Current Price ₹ 917
- High / Low ₹ 939 / 337
- Stock P/E 49.7
- Book Value ₹ 185
- Dividend Yield 0.65 %
- ROCE 8.18 %
- ROE 9.91 %
- 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 34.5%
Cons
- Stock is trading at 4.96 times its book value
- The company has delivered a poor sales growth of -8.35% over past five years.
- Company has a low return on equity of 11.6% over last 3 years.
- Earnings include an other income of Rs.181 Cr.
- Company has high debtors of 282 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
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 | TTM | |
---|---|---|---|---|---|---|---|---|
120 | 1,283 | 986 | 871 | 884 | 999 | 830 | 1,376 | |
10 | 988 | 736 | 654 | 668 | 840 | 742 | 1,214 | |
Operating Profit | 110 | 295 | 250 | 217 | 216 | 159 | 87 | 162 |
OPM % | 91% | 23% | 25% | 25% | 24% | 16% | 11% | 12% |
19 | 42 | 73 | 48 | 67 | 175 | 165 | 181 | |
Interest | 21 | 25 | 13 | 7 | 9 | 7 | 11 | 18 |
Depreciation | 37 | 42 | 42 | 42 | 41 | 7 | 8 | 8 |
Profit before tax | 70 | 271 | 268 | 216 | 232 | 319 | 233 | 316 |
Tax % | 20% | 24% | 28% | 17% | 22% | 19% | 20% | |
56 | 206 | 193 | 179 | 182 | 264 | 187 | 252 | |
EPS in Rs | 0.63 | 2.31 | 17.16 | 16.28 | 16.53 | 23.99 | 17.36 | 23.40 |
Dividend Payout % | 0% | 0% | 0% | 0% | 61% | 8% | 35% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | -8% |
3 Years: | -2% |
TTM: | 67% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | -2% |
3 Years: | 5% |
TTM: | 49% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 28% |
3 Years: | 45% |
1 Year: | 161% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 12% |
3 Years: | 12% |
Last Year: | 10% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|
Equity Capital | 178 | 23 | 23 | 22 | 22 | 22 | 22 | 22 |
Reserves | 484 | 1,209 | 1,404 | 1,474 | 1,594 | 1,815 | 1,909 | 1,966 |
273 | 67 | 44 | 0 | 40 | 0 | 0 | 0 | |
32 | 621 | 547 | 583 | 546 | 679 | 839 | 924 | |
Total Liabilities | 967 | 1,920 | 2,017 | 2,079 | 2,203 | 2,516 | 2,769 | 2,911 |
616 | 585 | 546 | 508 | 467 | 459 | 81 | 79 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 95 | 181 |
Investments | 209 | 450 | 581 | 691 | 714 | 1,049 | 1,305 | 1,221 |
141 | 885 | 891 | 881 | 1,022 | 1,008 | 1,288 | 1,430 | |
Total Assets | 967 | 1,920 | 2,017 | 2,079 | 2,203 | 2,516 | 2,769 | 2,911 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|
160 | 212 | 198 | 112 | 125 | 259 | 93 | |
-158 | 142 | -171 | 38 | -54 | -224 | 13 | |
-55 | -326 | -16 | -161 | -34 | -64 | -103 | |
Net Cash Flow | -54 | 28 | 10 | -11 | 37 | -28 | 3 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|
Debtor Days | 230 | 216 | 202 | 240 | 219 | 213 | 282 |
Inventory Days | 3 | 13 | 59 | ||||
Days Payable | 185 | 205 | 303 | ||||
Cash Conversion Cycle | 230 | 34 | 202 | 240 | 219 | 22 | 38 |
Working Capital Days | 161 | 89 | 159 | 159 | 206 | 188 | 232 |
ROCE % | 26% | 20% | 13% | 12% | 18% | 8% |
Documents
Announcements
- Certificate_Reg 40 15h
- Certificate Under Regulations 7(3) For The Year Ended 31.03.2024 8 Apr
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
8 Apr - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the Quarter ended 31.03.2024
- Shareholder Meeting / Postal Ballot-Outcome of AGM 6 Apr
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 2 Apr
Annual reports
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Financial Year 2023
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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]