Techno Electric & Engineering Company Limited (NSE:TECHNOE) Shares Could Be 44% Below Their Intrinsic Value Estimate
Apr 19
Indian (NIFTY) Construction and Engineering Industry Analysis
UpdatedApr 18, 2024
DataAggregated Company Financials
Companies144
- 7D-4.0%
- 3M7.1%
- 1Y83.9%
- YTDn/a
Over the last 7 days, the Construction and Engineering industry has dropped 4.0%, driven by Larsen & Toubro declining 5.6%. Meanwhile, Waaree Renewable Technologies actually outperformed within the industry, gaining 15% in the last week. Over the past 12 months, the industry was up 85%. Earnings are forecast to grow by 23% annually.
Industry Valuation and Performance
Has the Indian Construction and Engineering Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 19 Apr 2024 | ₹9.3t | ₹4.5t | ₹271.8b | 26.5x | 34.2x | 2x |
| Sun, 17 Mar 2024 | ₹8.6t | ₹4.5t | ₹270.0b | 24.1x | 32x | 1.9x |
| Tue, 13 Feb 2024 | ₹8.4t | ₹4.5t | ₹267.8b | 27.8x | 31.4x | 1.9x |
| Thu, 11 Jan 2024 | ₹8.4t | ₹4.4t | ₹262.0b | 25.8x | 32x | 1.9x |
| Sat, 09 Dec 2023 | ₹7.8t | ₹4.4t | ₹262.0b | 23.2x | 29.8x | 1.8x |
| Mon, 06 Nov 2023 | ₹6.9t | ₹4.4t | ₹252.9b | 21.8x | 27.1x | 1.6x |
| Wed, 04 Oct 2023 | ₹7.1t | ₹4.3t | ₹247.9b | 22x | 28.7x | 1.6x |
| Fri, 01 Sep 2023 | ₹6.6t | ₹4.3t | ₹245.2b | 22.6x | 26.8x | 1.5x |
| Sun, 30 Jul 2023 | ₹6.2t | ₹4.2t | ₹241.9b | 21.5x | 25.8x | 1.5x |
| Tue, 27 Jun 2023 | ₹5.7t | ₹4.1t | ₹233.3b | 19.8x | 24.3x | 1.4x |
| Thu, 25 May 2023 | ₹5.3t | ₹4.1t | ₹218.3b | 19.7x | 24.2x | 1.3x |
| Sat, 22 Apr 2023 | ₹5.1t | ₹4.0t | ₹211.7b | 19x | 24.3x | 1.3x |
| Mon, 20 Mar 2023 | ₹5.1t | ₹4.0t | ₹202.8b | 18.5x | 25.2x | 1.3x |
| Wed, 15 Feb 2023 | ₹5.1t | ₹4.0t | ₹204.8b | 18.8x | 25.1x | 1.3x |
| Fri, 13 Jan 2023 | ₹5.1t | ₹3.9t | ₹193.0b | 19.2x | 26.7x | 1.3x |
| Sun, 11 Dec 2022 | ₹5.0t | ₹3.8t | ₹186.1b | 19.9x | 26.9x | 1.3x |
| Tue, 08 Nov 2022 | ₹4.7t | ₹3.7t | ₹163.1b | 19.4x | 28.6x | 1.2x |
| Thu, 06 Oct 2022 | ₹4.4t | ₹3.7t | ₹159.7b | 19.1x | 27.6x | 1.2x |
| Sat, 03 Sep 2022 | ₹4.5t | ₹3.7t | ₹159.9b | 19x | 28.4x | 1.2x |
| Mon, 01 Aug 2022 | ₹4.3t | ₹3.5t | ₹150.1b | 20.3x | 28.5x | 1.2x |
| Wed, 29 Jun 2022 | ₹3.8t | ₹3.5t | ₹146.6b | 16.7x | 25.9x | 1.1x |
| Fri, 27 May 2022 | ₹3.9t | ₹3.5t | ₹148.9b | 16.1x | 26x | 1.1x |
| Sun, 24 Apr 2022 | ₹4.3t | ₹3.4t | ₹108.6b | 19.7x | 39.8x | 1.3x |
| Tue, 22 Mar 2022 | ₹4.3t | ₹3.4t | ₹106.5b | 18.1x | 40.3x | 1.2x |
| Thu, 17 Feb 2022 | ₹4.6t | ₹3.5t | ₹111.3b | 18.2x | 40.9x | 1.3x |
| Sat, 15 Jan 2022 | ₹4.9t | ₹3.4t | ₹119.4b | 19.2x | 41x | 1.4x |
| Mon, 13 Dec 2021 | ₹4.6t | ₹3.4t | ₹123.7b | 16.5x | 36.8x | 1.3x |
| Wed, 10 Nov 2021 | ₹4.7t | ₹3.3t | ₹123.1b | 19.5x | 38.3x | 1.4x |
| Fri, 08 Oct 2021 | ₹4.4t | ₹3.3t | ₹111.6b | 19.6x | 39.3x | 1.3x |
| Sun, 05 Sep 2021 | ₹4.2t | ₹3.3t | ₹116.2b | 17.7x | 35.9x | 1.3x |
| Tue, 03 Aug 2021 | ₹4.1t | ₹3.3t | ₹116.2b | 16.4x | 35.5x | 1.3x |
| Fri, 07 May 2021 | ₹3.3t | ₹3.0t | ₹86.1b | 17.1x | 37.9x | 1.1x |
Price to Earnings Ratio
37.9x
Current Industry PE
- Investors are relatively neutral on the Indian Construction and Engineering industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 31.5x.
- The 3-year average PS ratio of 1.4x is lower than the industry's current PS ratio of 2.1x.
Past Earnings Growth
- The earnings for companies in the Construction and Engineering industry have grown 47% per year over the last three years.
- Revenues for these companies have grown 15% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Indian Construction and Engineering compare with similar industries?
| IN Market | -2.09% | |
| Industrials | -1.34% | |
| Construction | -4.00% | |
| Construction and Engineering | -4.00% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 534618 Waaree Renewable Technologies | ₹2.27k | 21.0% +₹41.0b | 1,124.0% | PE222.8x | |
| TECHNOE Techno Electric & Engineering | ₹916.60 | 11.1% +₹9.9b | 160.9% | PE49.4x | |
| ORIANA Oriana Power | ₹1.44k | 26.9% +₹5.9b | n/a | PE252.7x | |
| SWSOLAR Sterling and Wilson Renewable Energy | ₹538.55 | 4.8% +₹5.8b | 75.3% | PS6.5x | |
| WELENT Welspun Enterprises | ₹341.80 | 8.1% +₹3.6b | 138.3% | PE11.7x |
